How Long Before Massive Government Debt Buildup Triggers Another Financial Shock?
Posted by admin / Under Sovereign Class Cruise Ship
Stimulus Tactic of Increasing Government Debt to Increase GDP Broken and Unsustainable. How Long before Massive Government Debt Buildup Triggers Another Financial Shock? Sometimes a picture is worth a thousand words. A recent post on the popular ZeroHedge financial blog compared the annualized growth in federal debt to the annualized growth in GDP in Q1 2012. ZeroHedge reported that while U.S. government debt rose by $359.1 billion in Q1 2012, the U.S. GDP grew only $142.4 billion. Durden noted that, “It now takes $2.52 in new federal debt to buy $1 worth of economic growth.” The surprising observation prompted us...
Published on Wednesday 23rd of May 2012 05:15:05 PM
FBI warns of threat from anti-government extremist
Posted by admin / Under Sovereign Class Cruise Ship
WASHINGTON (Reuters) - Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday. These extremists, sometimes known as "sovereign citizens," believe they can live outside any type of government authority, FBI agents said at a news conference.
Published on Wednesday 23rd of May 2012 05:15:05 PM
The Economy’s Crisis: The Tumor Is In Its Political Direction (Sovereign debt)
Posted by admin / Under Sovereign Class Cruise Ship
The Economy’s Crisis: The Tumor Is In Its Political Direction From the desk of George Handlery on Thu, 2011-07-21 13:36 Even if he travels, a fool remains a fool.Sovereign debt and the Euro. This chaos of the global economy is not caused by its participants’ inability to offer goods in a quality and for a price for which there is a demand. That (private) part of the economy that produces and consumes is in good shape. The tumor is located in the political direction of the economy. The crisis is one of confidence. No wonder. The Western pillars of the...
Published on Wednesday 23rd of May 2012 05:15:05 PM
THE WIND BLOWS WHERE IT WISHES
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In the early verses of John chapter 3, Jesus tells Nicodemus in no uncertain terms, the absolute necessity of being born again (or born from above). Unless a man is first born again (regenerated) he can never enter or even see the kingdom of God. Jesus stresses the fact that this new birth is not merely an optional extra. It is imperative. Jesus said, "You must be born again" (3:7). Jesus didn't tell Nicodemus what he must do to be born again. Why? Because it was not within Nicodemus' power to perform this miracle. "That which is born of the...
Published on Wednesday 23rd of May 2012 05:15:05 PM
Native American tribe reclaims slice of the Hamptons after court victory
Posted by admin / Under Sovereign Class Cruise Ship
From a distance the teardrop-shaped peninsula looks just like any other bit of the famed Hamptons shoreline. Thick woods crowd down to the water's edge, and through the trees houses and roads can be glimpsed. But this land is not part of the Hamptons, neither is it really part of the United States any more. This patch – in the middle of the playground to Manhattan's social elite – is proudly and fiercely Native American country. Almost four centuries since their first contact with the white man and after a 32-year court battle that has just ended in victory, the...
Published on Wednesday 23rd of May 2012 05:15:05 PM
American's Two Poor Classes - Victicrats and Indigent
Posted by admin / Under Sovereign Class Cruise Ship
Today in America we have two different classes of poor: 1) the American Indigent Poor; and 2) the Capable Poor or the “New American Poor” (i.e., “The Subjective Socially Dependent”). The American Indigent Poor are those individuals who are truly helpless and indigent. These were born with physical infirmities and birth defects who suffer physical traumas or mental issues and are unable to survive through this life without help from society. Some are our valiant veterans of foreign wars and others are rejected outcasts of society. These individuals need and deserve our charity and help, and most of all we...
Published on Wednesday 23rd of May 2012 05:15:05 PM
Uh oh: US and UK sovereign debt might lose AAA status
Posted by admin / Under Sovereign Class Cruise Ship
Bloomberg headline: “U.S., U.K. Move Closer to Losing Rating, Moody’s Says.” Watch out. But then again, is this really anything new? Notable quotes: The governments of the two economies must balance bringing down their debt burdens without damaging growth by removing fiscal stimulus too quickly, Pierre Cailleteau, managing director of sovereign risk at Moody’s in London, said in a telephone interview. Under the ratings company’s so-called baseline scenario, the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K., and will be the biggest spender from 2011 to...
Published on Wednesday 23rd of May 2012 05:15:05 PM
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