Financial News Update – 01/04/11

Elite on a Tightrope

Forever Stamps Tell Us Much

Allen West Says New Congress Should Prioritize Threat Of ‘Infiltration Of The Sharia Practice’ In U.S. (Hat Tip: Brian B.)

Muni Bond Yields Are Pumped for a Reason

The $1.3 Trillion Dollar Black Hole In The Economy (Hat Tip: Brian B.)

Obama: Not Always a Fan of Upping Debt Ceiling (Hat Tip: Brian B.)

The Real, Scary Debt Lesson That Japan Has For The US

30 Reasons Why 2011 Is Going To Be Another Ugly Year For America’s Middle Class

2010 Oil Production Was Very Disappointing, And The EIA Is Playing Number Games

Before China Crashes, This Is Going To Happen First

The Party Is Over In Australia As Debt And Living Costs Surge

Forget It If You Were Hoping For An Easy Solution To The Eurozone Crisis In 2011

New Government Policy Imposes Strict Standards on Garage Sales Nationwide (Hat Tip: Jean Stoner)

HHS is Paying Google with Taxpayer Money to Alter ‘Obamacare’ Search Results (Hat Tip: Jean Stoner)

Morning Bell: The Fight for the Filibuster

A Year of Regulatory Abuse: The 10 Worst New Rules of 2010

Federal Court Immigration Decisions Breeding More Arizona Enforcement Laws

House Transportation Rule is Waste Buster

India, Iran resolve oil row (Agree to stop using Dollars) (Hat Tip: Jean Stoner)

Drilling Is Stalled Even After Ban Is Lifted (Hat Tip: Brian B.)

Republican Congressman: Ban Funding of Obamacare in Every Appropriations Bill This Year (Hat Tip: Brian B.)

MSNBC’s Chuck Todd Parrots Obama Talking Points: Will GOP ‘Relitigate’ Health Care? (Hat Tip: Brian B.)

14 states may target birthright citizenship (Hat Tip: Brian B.)

UPDATE 1-US House Republicans move to repeal Obama healthcare

Path Clears for Deep-Water Drilling

National Debt Tops $14 Trillion


Some Fed Officials Had High Threshold to Alter QE2

Cole Says U.S. Auto Sales Still at `Depression’ Level

Food-Safety Funding Battle Looms as Obama Prepares to Sign Reform Bill

Too-Big-to-Fail Banks Face New Limits Under EU Plan

States Coax Veteran Professors to Retire as Budget Cuts Loom

Health Law Repeal Picking Up Dem Votes?

Milwaukee Archdiocese Files for Chapter 11

Florida School District Lays Off Teachers After Reportedly Agreeing to Spend $1 Million on Butterfly Gardens

FEDS probe UNION SNOW SLOWDOWN that paralyzed NYC

POLL: Voter Concern About Economy Hits Highest Level In Over Two Years

Schumer: Health care foes should forego coverage

Obama set to use executive powers

Pelosi spent last days as Speaker at luxurious resort in Hawaii – $10,000 a night…

Bankruptcy Filings Leapt 9% Last Year

CA Supreme Court OKs searches of cell phones without warrant

Europe begins confiscating private pension funds

Detroit Schools: 40,000 kids to get laptops from stimulus funds

Greece to Build Border Wall to Keep Out Illegal Immigrants.

Unemployment up in two-thirds of metro areas; most since June

Inflation Jumps in Europe

MYSPACE plans dramatic downsizing

Calif. Supreme Court approves warrantless data seizures by police (Hat Tip: Brian B.)


Issa, House GOP Preparing Major Investigations of Obama Administration

On Issa’s list:

• WikiLeaks’ release of classified diplomatic cables
• Recalls at the Food and Drug Administration
• The role of Fannie Mae and Freddie Mac in the foreclosure crisis
• The Financial Crisis Inquiry Commission’s failure to identify the origins of the meltdown
• Alleged corruption in Afghanistan

Will The Default Of A Vietnamese State-Owned Company Be The Black Swan Of 2011?

Muni Investors Beware: America Is Full Of Chowchilla, Calif. Death Traps

AMERICA GETS PUNKED… Russians Say START Treaty Covers Antimissile Defense Systems

Detroit porkulus dump: $49 million for laptops

Economic War

Caught on Tape: Proof the NYC Blizzard Response Was Sabotaged?

Job Layoffs Hit Obama’s Organizing for America

Official: House GOP Will Vote on ObamaCare Repeal Next Week

Report: Obama May Appoint William Daley to Top Post in White House Shake-Up


White House Warns Failure to Raise Debt Ceiling Would Mean Economic ‘Crisis’

Never Forget the Fed Caused the Economic Downturn

Bernanke Only Adds Fuel to the Fire with Quantitative Easing

Albert Edwards: China is a “Freak Economy” and it Will Crash, and Take Down the Rest of the World.

Commodities Beat Financials Making Silver Top Pick

Credit Card Withdrawal-Banks Pull Plug on Consumer Revolving Debt

Economy Ends 2010 with Sigh of Relief

“Ben Bernanke made a fatal error by launching QE2 too early, with an incoherent justification, by dribs and drabs for fine-tuning purposes. The QE card cannot easily be played a third time. If he now tries to print money on a nuclear scale to crush all resistance and hold down Treasury yields, he risks exhausting Chinese patience and invites the wrath the Tea Party Congress.” – Ambrose Evans-Pritchard



By: AJ

For those who are open-minded and interested in the truth (liberals included), there’s much to be learned from the movie and article below. All of us… all Americans… have been intentionally manipulated. Knowing that this was planned and systematically implemented in our schools, communities, lives and our government is upsetting, but also empowering. Empowering because now that we know we’ve been manipulated, there’s so much we can do to counter and eliminate it.

This information could very well be the most important truth we learn this year… and that we convey to our children and grandchildren.

Cultural Marxism. The Corruption of America.

Video Caption: “This documentary, produced by James Jaeger, shows how a group of Marxist theoreticians, calling themselves The Frankfurt School, plotted the corruption and overthrow of non-Communist nations by systematically undermining their cultures. Called Cultural Marxism, its goal is the use of art, music, education and media to condition people to accept the essential elements of Marxism without identifying them as such. After a few generations of this conditioning, Marxism becomes the new reality without a violent revolution and even without awareness that a revolution has occurred. If you want to know how the nations of the world became increasingly Marxist in form, if not in name, here is the strategy.

The film’s opening statement by Pat Buchanan prepares the viewer for what is to follow: “The United States has undergone a cultural, moral, and religious revolution. … We are two countries now. We are two countries morally, culturally, socially and theologically. Cultural wars do not lend themselves to peaceful co-existence. One side prevails, or the other prevails. The truth is that, while we won the Cold War with political and economic Communism, we lost the war with cultural Marxism, which now is dominant. Those of us who are traditionalists, we are the counterculture.”

Includes testimony from G. Edward Griffin, Ron Paul, Pat Buchanan, Edwin Vieira, and Ted Baehr.
DVD 98 mins.” http://www.culturalmarxism.org/


The Frankfurt School

Critical Theory


General Welfare


Bread and Circuses

Out of Thin Air

The Application of Force

Negative Influences

Politically Correct Speech

Through clever and constant application of propaganda people can be made to see paradise as hell, and also the other way around, to consider the most wretched sort of life as paradise. — Adolf Hitler

Restoring the Republic

The End (credits)

Here is an excellent article which provides important detail.

Political Correctness — The Revenge of Marxism
(Originally Posted: Nov 10, 2009 Seemed time for another read!!)
It will be America’s downfall if we don’t wake up!!

The noted blogger Fjordman is filing this report as a guest-post at Gates of Vienna. Originally Posted June 14, 2006

FrontPage Magazine: You make the shrewd observation of how political correctness engenders evil because of “the violence that it does to people’s souls by forcing them to say or imply what they do not believe, but must not question.” Can you talk about this a bit?

Theodore Dalrymple: Political correctness is communist propaganda writ small. In my study of communist societies, I came to the conclusion that the purpose of communist propaganda was not to persuade or convince, nor to inform, but to humiliate; and therefore, the less it corresponded to reality the better. When people are forced to remain silent when they are being told the most obvious lies, or even worse when they are forced to repeat the lies themselves, they lose once and for all their sense of probity. To assent to obvious lies is to co-operate with evil, and in some small way to become evil oneself. One’s standing to resist anything is thus eroded, and even destroyed. A society of emasculated liars is easy to control. I think if you examine political correctness, it has the same effect and is intended to.

I have heard people who have grown up in former Communist countries say that we in the West are at least as brainwashed by Multiculturalism and Political Correctness as they ever were with Communism, perhaps more so. Even in the heyday of the East Bloc, there were active dissident groups in these countries. The scary thing is, I sometimes believe they are right.



Knowledge Creates Power


Sacred Cows and 911 First Responders Bill

By: T F Stern
T F Stern’s Rantings

Congress recently passed the “James Zadroga 9/11 Health and Compensation Act,” otherwise known as the 911 First Responders Bill. The AP article on the Fox News website mentioned how some Republicans originally tried to block the bill but eventually gave in to the $ 4.2 Billion compensation package. Obama signed it while on vacation in Hawaii.

We will never forget the selfless courage demonstrated by the firefighters, police officers and first responders who risked their lives to save others,” Obama said in a statement. “I believe this is a critical step for those who continue to bear the physical scars of those attacks.

The Sacred Cow has been acknowledged once more; can’t say no to a spending bill that honors brave men and women who served valiantly on the day we were attacked by Muslim extremists. Anyone voting against such a bill must be cruel and heartless, or has no desire to get re-elected; interesting how history repeats itself.

In the early 1800’s Congress was considering a bill to appropriate tax dollars for the widow of a distinguished naval officer. Several beautiful speeches had been made in support of this bill. It seemed that everyone in the House favored it. The Speaker of the House was just about to put the question to a vote, when Davy Crockett, famous frontiersman and then Congressman from Tennessee, rose to his feet.

“Mr. Speaker, I have as much respect for the memory of the deceased and as much sympathy for the suffering of the living as any man in this House, but we must not permit our respect for the dead or our sympathy for a part of the living to lead us into an act of injustice to the balance of the living. I will not go into an argument to prove that Congress has no power to appropriate this money as an act of charity. Every member upon this floor knows it. We have the right, as individuals to give away as much of our own money as we please in charity, but as members of Congress we have no right to so appropriate a dollar of the public money. Some eloquent appeals have been made to us upon the ground that it is a debt due the deceased. Sir, this is no debt. We cannot without the grossest corruption, appropriate this money as the payment of a debt. We have not the semblance of authority to appropriate it as a charity. I cannot vote for this bill, but I will give one week’s pay, and if every member of Congress will do the same, it will amount to more than the bill asks.

Republicans and Democrats have no idea how to carry out the job of representing the people; believing spending money solves problems. A simple resolution to honor the day of the attack as a national day of remembrance would have been a reasonable measure; but instead, Congress decided, “Let’s throw lots of money away to prove we care.” If only we could get Congress to fund Sacred Cows out of their own pockets instead of dipping into the public treasury, show a little fiscal responsibility and respect for the office they hold; but that reality will have to wait, now won’t it?

Money with them is nothing but trash when it is to come out of the people. But it is the one great thing for which most of them are striving, and many of them sacrifice honor, integrity, and justice to obtain it.

It’s a shame Congress hasn’t learned from Davy Crockett’s wisdom. Maybe they grew up thinking he was only famous for his coon skin cap and killing a bear when he was only three. Never mind, they’re not listening. “Davy, Davy Crockett, king of the wild frontier.”

This article has been cross-posted to The Moral Liberal, a publication whose banner reads, “Defending The Judeo-Christian Ethic, Limited Government & The American Constitution.”



By: AJ

Cynthia Tucker always knew she would start her own business someday. She got her degree and learned a great deal when she worked at Walt Disney and then as an event planner for Steven Spielberg’s DreamWorks.

It appears that Cynthia didn’t get her job at Walt Disney or DreamWorks from a union boss, and it wasn’t the government who gave her employment at those private companies. She got the jobs the same way the rest of us do… it was her education, ability, experience, work ethic and professionalism that enabled her to secure those positions. She was the right person with the right qualifications when the companies needed someone with her abilities.

Her DreamWorks position provided a wonderful opportunity to attain the skills she needed to someday run her own business. When she was ready to start her own event planning company she called it “Ladybug Productions.”

Although it took awhile for her to build up her business enough to support herself, Cynthia made the personal sacrifices, persevered and achieved her lifelong dream of owning her own business.

Cynthia hopes to be able to build her business into its own office space and to hire a full-time assistant. As she continues to work hard and increase her profit, she’ll be able to expand and others will benefit from her sacrifice and effort. Her customers already benefit because they’re getting beautifully planned events from Cynthia.

Needless to say, the State and Federal government also benefit from Cynthia’s hard work because she pays taxes on the money she earns.

Our U.S. Constitution makes our Republic the freest country the world has ever seen and our free market system (i.e. capitalism) is what gives the opportunity to make the American Dream possible for Cynthia and all those who benefit from what Cynthia has created.

Click Here: Success Story of Cynthia Tucker

Video caption: “Cynthia Tuckers passion for owning a business comes from a long line of family entrepreneurs. With all of this influence and experience among entrepreneurs in her family, it was only fitting she follow in her family’s footsteps. Ladybug Productions (ladybugevents.com) is a company that specializes in the planning and coordination of social events. The company has a list of vendors it works with to help coordinate the functions. The name ladybug has special meaning to Cynthia because it was her nickname as a child. The idea to start a company that focuses on event coordinating came from her years at Walt Disney. Since then, her idea has blossomed into a well-established company that is known for its credibility among the entertainment industry as well as the private sector. Today the business is moving along the path Cynthia envisioned for it. With last years profits exceeding $50,000 she hopes to take the company along a five-year stretch that will guide it into an office space as well as a full-time assistant working alongside her.”