In a four-part series, on the premise that a picture paints a thousand words, we present, via The Heritage Foundation, everything you wanted to know about the Federal Budget - In Charts. We start with Federal Spending - which is at record levels and is still growing, threatening economic freedom.
All you need to read and some more.
Obama's highly-anticipated TV address from Afghanistan, where he landed in a secret trip that was not disclosed until late this afternoon and where he is forming a strategic alliance with president Karzai, has begun. Watch live.
Obama Makes Secret Visit To Afghanistan On Anniversary Of Osama Death; Will Designate Country Major Non-NATO AllySubmitted by Tyler Durden on 05/01/2012 15:16 -0400
Just when we thought the president didn't have any tricks left up his pre-election sleeve on the anniversary of Osama's death announcement, here he comes and surprises everyone with what has just been disclosed as a secret visit to Afghanistan, where in a televised statement at 7:30 pm Eastern, the president will announce a strategic partnership with president Karzai, and where he will designate Afghanistan a major non-Nato ally - the "first such designation of the Obama presidency."
Obama and Romney Are Both Ignoring the Real Issue with Killing Bin Laden
Does believing in the "recovery" make it real? The propaganda policies of the Federal Reserve and the Federal government are based on the hope that you'll answer "yes." The entire "recovery" is founded on the idea that if the Fed and Federal agencies can persuade the citizenry that down is up then people will hurry into their friendly "too big to fail" bank and borrow scads of money to bid up housing, buy new vehicles, and generally spend money they don't have in the delusional belief that inflation is low, wages are rising and the economy is growing.... Data is now massaged for political expediency, failure is spun into success, and consequences are shoved remorselessly onto the future generations. The entire policy of the Federal Reserve and the Federal government boils down to pushing propaganda in the hopes we'll all swallow the con and believe that down is now up and our "leadership" is a swell bunch of guys and gals instead of sociopaths who will say anything to evade the consequences of their actions and policy choices.
9 Torture Myths DeBUNKED
When they see you as a chicken breast, you know your vote matters little and your life even less.
I often wonder who is worse: George W. Bush — the man who turned a projected trillion dollar surplus into the greatest deficits in world history, who bailed out the profligate Wall Street algos and arbitrageurs, who proceeded with two needless, pointless and absurdly costly military occupations (even though he had initially campaigned on the promise of a humble foreign policy), who ignored Michael Scheuer’s warnings about al-Qaeda previous to 9/11, who signed the Constitution-trashing PATRIOT Act (etc etc ad infinitum) or his successor Barack Obama. The answer, by the way, is Richard Nixon. Nixonianism has been the corporate aristocracy’s crowning achievement. And to some extent, this period of free lunch economics was a banquet, even for middle class Americans. The masses were kept fat and happy. But now the game is up — like Nixon’s Presidency — its days are numbered.
Flashback from 1975: “The NSA's Capability ... Could Enable It To Impose Total Tyranny, And There Would Be No Way To Fight BackSubmitted by George Washington on 04/22/2012 13:09 -0400
Senator Frank Church's Prophetic Warning in 1975
I recently wrote an article that addresses the subject of sociopaths and how they insinuate themselves into society. Although the subject doesn't speak directly to what stock you should buy or sell to increase your wealth, I think it's critical to success in the markets. It goes a long way towards explaining what goes on in the heads of people like Bernie Madoff and therefore how you can avoid being hurt by them. But there's a lot more to the story. At this point, it seems as if society at large has been captured by Madoff clones. If that's true, the consequences can't be good. So what I want to do here is probe a little deeper into the realm of abnormal psychology and see how it relates to economics and where the world is heading. If I'm correct in my assessment, it would imply that the prospects are dim for conventional investments – most stocks, bonds and real estate. Those things tend to do well when society is growing in prosperity. And prosperity is fostered by peace, low taxes, minimal regulation and a sound currency. It's also fostered by a cultural atmosphere where sociopaths are precluded from positions of power and intellectual and moral ideas promoting free minds and free markets rule. Unfortunately, it seems that doesn't describe the trend that the world at large and the US in particular are embarked upon. In essence, we're headed towards economic and financial bankruptcy.
A peaceful and stable Pakistan is integral to western efforts to pacify Afghanistan, but Islamabad’s obsessions with its giant eastern neighbor may render such issues moot.
Since partition in 1947, Pakistan and India have fought four armed conflicts, in 1947, 1965, 1971 (which led to the establishment of Bangladesh, formerly East Pakistan) and the 1999 Kargil clash. With the exception of the 1971 conflict, which involved rising tensions in East Pakistan, the others have all involved issues arising from control of Kashmir. But now a rising new element of discord threatens to precipitate a new armed clash between southern Asia’s two nuclear powers – water.
Four months ago we presented what was easily the clearest and most undiluted by media propaganda clue about the future of the European experiment, when we noted that even immigrants from places such as Afghanistan and Bangladesh, using Greece as a stepping stone onward to the gateway Shengen country of Italy, no longer have the urge to pursue their European dreams, and instead return home. As Art Cashin explained, "Over the decades, immigrants from Afghanistan, Bangladesh and other poor nations would work their way to Patras. They would stay for days or weeks awaiting a chance to smuggle themselves on to a freighter headed for Italy. Once there, they could make their way north into Europe to find hope and opportunity and maybe a job. Last week his relatives told him that things were changing. The immigrants still come to their way station of Patras (hope still blooms). But now, after a couple of weeks in Greece, they are trying to hop ships going the other way. They are going back home. Life was better, or at least no worse, where they came from and they had friends and family for support back there." It appears that the immigrant boycott is spreading, only this time instead of "discretionary" immigrants, or those that have not been fully assumed by society (think "cheap labor" along America's south, such as California, Texas and Arizona), it is starting to hit the core of the cheap PIIGS labor force: the migrant workforce, and in this case the Albanian diaspora working out of Greece at a fraction of the normal cost. And as one Albanian migrant worker, so critical to keeping the Greek construction sector supplied with cheap jobs puts it, "It looks like there's no money left," he said of Greece. "It all dried up." As a result even the Greek illegal-yet-symbiotic-aliens are giving up and going back home. Yes folks: the "indicators" on the ground are telling us that it is now easier to make money in Albania than in Greece.
Following a nearly 2 day long standoff, the suspected Jewish school shooter has died during a 30 hour shoot out with French police, after falling out of a window. Guardian has some more details:"The French interior minister, Claude Guéant, has confirmed that Merah is dead and paid tribute to the police who conducted the raid... "Last night, our last contact with the killer showed us just how dangerous he was. This morning the decision was taken to intervene," said Guéant.... Guéant adds that Merah burst out of the bathroom as video surveillance equipment approached. He began firing with extreme ferocity." And from Fox News: "The suspect in an radical Islam-linked killing spree in southern France was killed after police raided his apartment to end a 30-hour standoff, the AFP reported, citing police sources. Mohamed Merah, holed up in an apartment in the southern city of Toulouse, has not contacted negotiators since Wednesday night. Reuters reported that explosions and gunfire were heard for about four minutes as police special forces moved in on the apartment. Authorities used gas to try and paralyze the suspect, the report said."
Forget China - now this is a hard landing. Because what's $20 million in taxpayer funded equipment between soldiers: LTRO 1+2 alone were like 650 of these...