• ilene
    01/28/2015 - 19:33
    Suppose you could print up counterfeit dollars, euros or yen that were identical to the real things. Fun, you think? Here's how it plays out. 

President Obama

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Unleash The Veto: Senate Passes Keystone XL Pipeline Bill





Following Congress, The Republican-led Senate just passed The Keystone XL Pipeline Bill - as expected:

*SENATE PASSES BY 62-36 BILL TO APPROVE KEYSTONE, DEFYING OBAMA

Nine Democrats joined all of the Republicans who were present in supporting the legislationNow, it is time for President Obama to unleash The Veto Pen...

 
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Ukraine Is "Pressing" Obama For $3 Billion In Financial Aid





It would appear Gazprom has once again come knocking for payment - or else. As Bloomberg reports, Ukraine is pressing the Obama administration to provide political support, as much as $3b in financial aid and “non-lethal weapons,” with the goal of some progress by the end of February, Ukrainian Deputy Foreign Minister Vadym Prystaiko says. Of course, given Europe's agreement to further sanction Russia (asEU agrees more "punitive" steps are now possible) President Obama will be happy to lend Ukraine more American taxpayer money (despite the market's perception that Ukraine's default probability is over 80% - six year highs).

 
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Fired Before Hired: How Corporations Rigged The Job Market And Killed The American Dream





The latest corporate scam is to blame workers for the high unemployment rate. They say there is a skills gap. Even President Obama is in on the joke. The real skills gap is the other way around: too many skills for the low-wage menial jobs that pervade the labor market. The person who makes your coffee or your Big Mac might be able to design the next major bridge or write for The New York Times. Instead of high school kids cooking up your lunch, true professionals are behind the counter, and the future of the country is behind it too. The longer they stay there, the odds increase that America will take a permanent backseat in global power. In one short century, we have gone from superpower to super size me, a plutocracy, a nation that wasted its most valuable resource: the energy and innovation of its own people.

 
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President Obama's 'Middle Class Economics' Policy Simplified





A "Robbing" hood...

 
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How Capitalism Dies





In the early 1970s, there were about 200,000 new US businesses created each year (net of closures). Now, the number is negative. Why are Americans getting poorer? Look no further. No new businesses (net). No new jobs (again net). No new wealth. Under Obama and Draghi, crony capitalism flourishes. Real capitalism dies.

 
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As The Middle Class Evaporates, Global Oligarchs Plan Their Escape Form The Impoverished Pleb Masses





Obama: "Middle-Class Economics works.."

Davos Hedge Fund Director: “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway...”

 
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Chairman Of Joint Chiefs Honors Dead Saudi King With Essay Competition - Here's Our Entry





Chairman of the Joint Chiefs, General Martin Dempsey has, according to Politico, asked The National Defense University to establish an essay and research competition focused on the Middle East in honor of Saudi Arabia’s late King Abdullah. How very generous for America's top uniformed military leader to recognize such a leader of another nation... Though no details of the prize are available, we thought we would take a stab (figuratively) at an essay...

 
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Market Wrap: Global Risk Rattled By Syriza Surge To Power





This morning both the SNB stunner from two weeks ago, and the less than stunning ECB QE announcement from last Thursday are long forgotten, and the only topic on markets' minds is the startling surge of Syriza and its formation of a coalition government with another anti-bailout party - a development that many in Europe never expected could happen, and which has pushed Europe to the bring of the unexpected yet again. And while there is much speculation that this time Europe is much better positioned to "handle a Grexit", the reality is that European bank balance sheets are as bad if not worse than in 2014, 2013, 2012 or any other year for that matter, because none of ther €1+ trillion in NPLs have been addressed and the only thing that has happened is funding bank capital deficiencies with newly printed money. You know what they say about solvency and liquidity.

 
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Israel's President Refuses To Meet With Obama





Israel indicated earlier today that it has finally had it with Obama, with the above sequence of events culminated in what Haaretz described was a reciprocal snub of the "leader of the free world" by Israel's president Reuven Rivlin, who declined a White House invitation to meet with Obama during his upcoming US trip: After consultations, Rivlin finally declined the American suggestion. His advisers explained to the Americans that the two leaders’ schedules do not overlap, because Rivlin is expected to return to Israel before Obama gets back to Washington.  “At this stage, it has been agreed not to hold a meeting during his visit, due to the schedule constraints of both leaders, and that a meeting would be scheduled at a later date,” the statement said.

 
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Obamacare Website Funneling Private Consumer Data To Private Companies





The government’s health insurance website is quietly sending consumers’ personal data to private companies that specialize in advertising and analyzing Internet data for performance and marketing... but it's for your own good - The Obama administration says HealthCare.gov’s connections to data firms were intended to help improve the consumer experience.

 
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The US-Saudi Relationship (Summed Up In 1 Cartoon)





With President Obama shunning Bibi and cutting short his India trip (along with Michelle) to meet new Saudi Arabian King Salman (dementia and all), we thought this cartoon summed up the relationship between America and its oil-exporting ally...

 
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De-Dollarization Complete: Iran Abandons US Dollar In Foreign Trade





Since last May (and likely long before) when the topic of "de-dollarization" was first uttered in official circles (and not just tin-foil-hat-wearing blogs), the rest of the world (un-isolated as they are) has been warming to the idea that perhaps - just perhaps - it is time to de-dollarize (more or less depending on the despotic region in question). From currency swap agreements to bi-lateral trade agreements to selling US Treasuries and greatly rotating USD reserves into gold, the world's nations (small and large) appear less and less comfortable holdings dollars in this tempestuous world. Among the supporters of that first "de-dollarization" meeting were China and Iran and while the former continues to work down its exposure, the latter - Iran, according to Tasnim news agency, has almost entirely eliminated USDollars from its reserves and is no longer using dollars in foreign trade. De-dollarization complete...

 
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Artist's Impression Of President Obama's Thoughts During The State of The Union Speech





Well you have to laugh really...

 
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It's Official: President Obama's SOTU Speeches Are The 'Dumbest' In US History





Are you smarter than a 9th grader? Then you will be quite at home with President Obama's latest State of The Union speech. While the Flesch-Kincaid readability test shows SOTU 'smartness' has been plunging Woodrow Wilson, the collapse has accelerated post-Clinton with President Obama's average SOTO speech tailored to the intellect of a 14-year-old - the lowest on record.

 
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President Obama Takes His "Crisis Has Passed" Narrative On The Road - Live Feed





Having explained to all the 10th graders in the nation how 'everything is awesome' and "the crisis has passed," President Obama starts his roadshow to populise the many myths and factnesses from his State of The Union speech. Speaking at Boise State University, we suspect the call for more research dollars will leads nicely into his package of "middle class economics" fixes...

 
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