Financial News Update – 11/03/10

Fed to buy $600B in bonds to boost economy Our Weimar moment just arrived… Buckle up…

The Fed at Jekyll Island: 100 Years Later, They’re Baaack! (Hat Tip: Brian B.)

‘Quantitative Easing’: The Fed’s Big Gamble and What Could Go Wrong (Hat Tip: Jean Stoner)

How Western Powers May Have Blown It

No Cutting Back: The Bernanke Money Printing Story

Bill Gross: Fed Actions Could Lead to a 20% Weaker Dollar

Anticipating the US Dollar’s Response to QE2

Wall Street, Too, a Sap for ‘Hope and Change’

‘CRUDE’ Excerpts Reveal Much About Filmmaker, Plaintiffs in Lawsuit Against Chevron in Ecuador

Feldstein: Big Fed Easing Threatens Economic Recovery (Hat Tip: Jean Stoner)

GM Could Be Free of Taxes for Years (Hat Tip: Jean Stoner)

Obama to cost taxpayers $200 million a day on India trip (Hat Tip: Brian B./Jean Stoner)

Socialist governments just LOVE to control food

Irish Bond Yields Shooting Higher, As Another Professor Warns That It’s Just One Month Until Endgame

10 Depressing States That Even Illegal Immigrants Are Giving Up On

Irish CDS Hit All-Time Record High, As Asset Sales Are Blocked At Allied Irish Bank

Citi Is Insisting A Broke Man Keep His Promise To Pay Them $126 Million

3 Charts That Prove We Are Living In The Biggest Debt Bubble In The History Of Our World

Europe’s Sickest Man Just Got Refused His Medicine By The IMF

Three Reasons Why Markets Will Correct After QE2, No Matter What

Paul Krugman Should Issue A Heartfelt Apology

How The Surging Euro Is Further Evidence That The Euro Is Doomed

Is There A Glaring Math Error On The Fed’s Website?

US dollar down against euro as Fed meets on stimulus (Hat Tip: Jean Stoner)

QE2 risks currency wars and the end of dollar hegemony (Hat Tip: Jean Stoner)

Bernanke Faces Greater Scrutiny After Republican Election Gains (Hat Tip: Jean Stoner)

Copper Falls Before Fed Meeting on Economic Growth: LME Preview (Hat Tip: Jean Stoner)

‘We’re Greece’ in a Few Years: Sen. Gregg (Hat Tip: Brian B.)

Morning Bell: Get to Work

The Tea Party: America’s Oldest Free Traders

A Confident Coalition of Economic and Social Conservatives

Post-Moratorium: Where Are the Drilling Permits?

Side Effects: Bad News for New Mexico Residents Who Like Their Current Health Plan

Freddie Mac Says Net Loss $4.1 Billion (Hat Tip: Brian B.)

David Einhorn’s Chilling Warning: The Fed Would Like To Create Another Asset Bubble (Hat Tip: Jean Stoner)

200 top American CEOs coming with Obama (Hat Tip: Jean Stoner)

Fed Open Market Comm Announces QE2: Death of Dollar (Hat Tip: Jean Stoner)

Fed commits to more Treasury purchases (QE2 IS HERE!) (Hat Tip: Jean Stoner)

Nouriel Roubini: House Prices Have Way Further To Fall

Merrill Lynch Warns Investors Of A Coming U.K. Bond Market Rout

Think QE Is All Priced In? Everyone Still Thinks The Dollar Is Screwed

Fed to Buy Extra $600 Billion of Treasuries to Boost Growth

Zuckerman Says U.S. Needs to Cut Spending and Taxes

Treasury 30-Year Bonds Tumble as Fed Purchases Other Securities

MGM Files for Bankruptcy, Rejecting Lions Gate Bid

Republicans to Take On U.S. Health Law, From Taxes to Insurance

Business Looks to Republicans to Block Obama on Rules, Taxes

SEC Proposes Increased Financial Rewards for Whistleblowers

Shift Stirs Economic Jitters Abroad

McDone: San Francisco Bans the Happy Meal

Cuba’s Raul Castro declares: Accept reforms or ‘we will fall off the cliff’

‘Invalid’ Forms by Supposed Billionaires Skew Wage Figures

Homeownership at lowest level in a decade

NYC mayor says city won’t send Christmas cards this year

Obama: Election was referendum on the economy, not on his policies – He really just doesn’t get it does he? Evil is as evil poses…

FALL ON THE SCALPEL: Few Dems survive healthcare vote

Speaker-to-be vows to repeal Obama healthcare reforms

Cantor lays out 22-page game plan

DeMint: We’ll Ban Earmarks Right Away

Fed will spend upward of $1 trillion to buy gov’t bonds over next year

Sugar soars to 30-year high as supply fears grow

UK traffic camera checks to see if insurance, tax payments up to date

President Obama Says He Won’t Allow Republicans to Repeal Obamacare (Video)

Obama: I Take Credit For Voter Frustration… But I’m Not Changing

San Fran Officials Ban Happy Meals With Veto Proof Majority Vote

Two out of three: Voters reject Obamacare mandate in AZ, OK

Obama’s shady banking buddy goes down in Illinois, but…

‘Quantitative Easing’: The Fed’s Big Gamble and What Could Go Wrong

The Federal Reserve Is Holding A Conference On Jekyll Island To Celebrate 100 Years Of Dominating America: “A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve”


Fed Easing May Mean 20% Dollar Drop: Bill Gross

‘The World Does Not Need to End’ A Gold Bull and His Prediction: $10,000 an Ounce

Are Asian Traders Preparing A Major Squeeze Of Silver Shorts?

Roubini: Japan is ‘Accident Waiting to Happen’

Why Growth Will Stay Too Weak To Ease Unemployment

Economy Offers Mixed Picture Day Before Election

UPS Says 2011 Rates Will Rise 4.9%

The Next Global Economic Crisis

The Utility of Gold

Why Silver Has Broken Out and Catching Up And Where it Goes Next

CNN Poll: Those Who Say Things Going Poorly Higher than 1994 or 2006

Mid-America Economy Staggers Amid Weak Job Growth

“Bipartisanship means tarring and feathering politicians from both major parties.”Glenn Reynolds, Instapundit


A Good Night Was Had by Freedom Lovers – Dems and Communists, Not So Much

By: Trevor Loudon
New Zeal

It has been a big evening in U.S. history. Tonight I hung out with a couple hundred U.S. patriots at the Tea Party Patriot‘s election night party at the Capitol Hyatt in Washington, D.C. It’s just past 3 AM here and another full on day tomorrow, but first I want to draw attention to a few excellent victories and some heart-breaking, very close calls amongst Tea-Partiers and GOPers.

Florida didn’t disappoint. Marco Rubio smashed his Democratic opponent, becoming the new senator for Florida. And my favorite, Colonel Allen West pulled in a good victory in the 22nd District with over an 8% lead.

Christine O’Donnell fought so hard and put up with so much vitriol from the Democrats and feminazis. In the strongly blue state, Chris Coons trumped with a 16.6% lead. KeyWiki has extensive, in-depth research on Coon’s affiliations here. Christine will be back fighting before you know it. As she said in her concession speech, Delaware politics have been changed forever – for the better.

Covert socialist and regular New Zeal target Mary Jo Kilroy, lost her Congressional seat in Ohio, but it looks like another covert socialist, Neil Abercrombie will win the Hawaii Governor’s race.

As I write, anti-Veterans and Council for a Livable World-supported Barbara Boxer leads Carly Fiorina by 6% in what has been a nail-bitingly close race, despite mainstream media pundits calling the race in Boxer’s favor with only 0.3% of the vote in. With 20% of the votes in for instance, Carly was in the lead.

Am sorry Tom Tancredo didn’t win the Colorado Governorship and especially sorry that Sharron Angle didn’t beat the execrable Harry Reid in the Nevada Senate race. ACORN and SEIU have been strong in Nevada, mmmmmmm…….

Allen Grayson lost in Florida…..a friend told me that a Democrat of his acquaintance was pleased because Grayson “would now be able to seek the hope he so obviously needs.”

The G.O.P. now controls Congress and has made big gains in the Senate and Governor’s races. It’s goodbye to your favorite House Speaker Nancy Pelosi and hello John Boehner, the new Republican House Majority Leader!

This is the Republicans’ last chance to prove they can be trusted to live up to their own principles.

If they don’t, they will be finished – and so may we all.


Leon Weinstein: The U.S. Economy and Lottery

By: Trevor Loudon
New Zeal

Incredible! How can this video have only had 700 views? Leon Weinstein, who left Soviet socialism for American liberty in 1974, speaks in this video of the way that the current Administration is crippling the economy. He very masterfully explains this with the example of the lottery. Take four minutes to listen to this man who knows Socialism only too well and then pass on this video. It needs to go viral.

Mr. Weinstein’s website is here. Once again, watch this video – and if it impacts you like it impacted me, pass it on.



By: AJ

From: The Radio Patriot – by: Big Fur Hat at IOwnTheWorld.com

Today is historic for Americans! The number of Socialist’s/Communist’s in the House of Representatives just got smaller.

The Congressional Progressive Caucus (CPC) was established in 1991 in partnership with the Democratic Socialists of America (DSA) and members of Congress who came out of the Socialist/Communist closet joined the CPC.

Yesterday’s mid-term elections eliminated four high-profile CPC members.

In addition, CPC member Diane Watson (CA-33) is no longer in the House.

Also, one Arizona race is too close to call in District 7. If the incumbent Raul Grijalva (D) loses his seat to Ruth McClung (R) (a 28 year old physicist), Raul will be another CPC member to leave the House.

As we know, “Progressive” is the buzz word for Socialist, Communist, Marxist, etc. Voting Progressives out of our government is a triumph for all Americans!