Friday, November 5, 2010

Standing on the Financial Edge… and the Chinese are Warning Us (Part II)

In case you missed it:  Part I: Mid-Term Elections 2010 Post-Mortem… And Warning

Obama keeps telling us we are going to fall of the cliff… Glenn Beck believes that for once Obama might be telling us the truth, because of the actions of the Feds with O’s help…

CLICK FOR VIDEO:  Devaluing the Dollar Part I

Why is President Obama headed to India on a trip costing the US taxpayer $200 million per day when Americans are having a tougher time each day buying groceries??  Estimates of cost is up to a Billion Dollars for 10-days?!?

Obama Moving White House to India??

The White House is now Under Fire Over the Cost of his India Trip

CLICK FOR VIDEO: Devaluing the Dollar Part II

Remember when Obama promised you no new taxes…? He lied.  Inflation is a hidden tax that he can blame on everyone else.

Everything will go up… groceries, energy costs, gasoline!!  But the value of things… like your house and money will go down.

Did you notice that oil is at a 6-month high today??

Food Sellers Grit Teeth, Raise Prices

Clothing prices to jump 10 percent as Cotton soars, warns Next

Price of cereal is going up by 5%

$5.00 Dominoes Pizza is going up to $7.00

Kroegers, McDonald’s, Morton’s Steak House, Star Buck’s Coffee,  Kellogg's… have all announced that their prices are going up.  And this is all by design to bring our standard of living down.

Remember Soros, “An orderly decline of the dollar… of America is a good thing…!”  And… from the day that China says they won’t buy anymore of our bonds… we have about 15-days until the start of a New World Financial Order…

But the only thing we all really have to fear is not being prepared… Are you??

As Beck says…  He hopes he is wrong about all of this… but ask yourself… what if he’s not?  He admits that he is not an expert on finance… but so far this self-educated man has been right about 99% of the time because he runs on common sense.

And what is really going on with the India trip???  Something just doesn’t seem right!!!

This trip has been cancelled twice already… Why is he going?  Why is he going now?

Is Obama listening to his Secret Service?

Who are these 3,000 people he is taking?  Why can’t we get a list?

Scariest comment I’ve read: Are we sure it’s not his entire shadow government and the chosen crony capitalists from WS that will remake our country into a Marxist hellhole after some ‘manmade disaster’ while he’s in India?  …Probably a little out there, but things are pretty crazy, so everything should be considered!!

How much is this trip really costing?  Why can’t we get a better breakdown of costs?

Each time this trip is planned the entire pre-planning process has had to be re-done… How much has that cost the taxpayer each time?

India, Indonesia, China, South Korea and Russia???  But nothing on his itinerary seems necessary or even important… Why is he going?  At the cost of a Billion Dollars?  

Please pray for his safety and for the Secret Service~

Security Entourage Earning Epic Reputation Ahead of Obama India Visit

India: The Pasha Tour… Are there really going to be 34 war ships involved in this trip?  Why are they removing all the coconuts out of the trees?

Goldman: Real Cost Of Fed Easing Will Exceed $2 Trillion 051110dollars

China Warns Fed Move ‘Huge Risk’!!!

Goldman:  Real Cost of Fed “Easing” Will Exceed $2 Trillion

Emerging Markets Slam Fed’s QE2 Stimulus

The U.S. Federal Reserve’s controversial bid to boost the American economy through a new round of asset purchases has sparked an outcry from key emerging powers and set the stage for a tense Group of 20 summit next week in Seoul. Policy makers from Brazil to South Korea, host of the Nov. 11-12 G20 gathering, worry the decision to create dollars to buy another $600-billion (U.S.) of longer-term U.S. government debt will send more capital rushing into their already hot economies. They also fear that as the move depresses the U.S. dollar, their exporters’ leg-up on U.S. manufacturers will erode....

Excerpt:

Brazilian officials, for instance, were quoted Thursday saying they plan to use the G20 to lament the Fed’s move, which they warned will help the U.S. at the expense of its neighbours and prompt “retaliatory” steps by countries it trades with.

“What this week is creating is a much larger sense of uncertainty,” said Collin Crownover, global head of currency management at State Street Global Advisors in Boston. “Yes, we’ve removed some uncertainty now with what the Fed has done, but now these responses to the Fed – when those will be delivered, if they’ll be delivered – in my opinion will create a lot more volatility in the currency markets over the next few quarters.’’

snip":

The wild card, however, is China. As long as China keeps the yuan from appreciating faster, several neighbouring nations and other emerging markets are forced to limit their currencies’ gains because they’re in direct competition with what has become the world’s savviest exporter, and that in turn leaves them open to dangerously large inflows of capital.

“Any way you cut it, China’s policy is a beggar-thy-neighbour policy that has a knock-on effect on other major emerging markets, especially in east Asia,” said Steve Dunaway, adjunct senior fellow in international economics at the Council on Foreign Relations in Washington, and a former deputy director of the IMF’s Asia-Pacific department.

In the end though, should the Fed’s QE2 program succeed in helping the U.S. economy, that would be good for China and other exporters over the longer term because it will help accelerate the recovery in demand around the world.

“You have to come back to, ‘Is it an appropriate policy?’ and, for the United States, it is, and for the rest of the world, it is too – because of the benefits that will flow from stronger U.S. growth,” Mr. Dunaway said. “The problem is the policies of other countries are not appropriate, and that’s what creates the friction.’’

CLICK FOR VIDEO - Devaluing the Dollar Part III

Light is the best disinfectant… the way to win this battle for our republic and way of life  is to be vigilant and shine the light on the darkness… including the puppet-master, George Soros

(Don’t Miss Beck’s show next Tuesday on George Soros)

FILE: Billionaire financier George Soros speaks at a Reuters Newsmaker event in New York on Sept. 15, 2010.

Election night was a bad night for Democrats. It was even worse for their financiers. 

Billionaire George Soros, the Hungarian-born businessman known for bankrolling liberal causes, saw a slew of his pet projects and candidates get wiped out in the Republican-red tide on Tuesday. 

Not only did Soros-sponsored MoveOn.org call the results "devastating," his Secretary of State Project suffered its worst losses since its founding in 2006. 

The Secretary of State Project, which sprouted out of the Soros-backed Democracy Alliance, was built as a vehicle to support "reform-minded" candidates for secretary of state. Since these often-overlooked officials have authority over state election rules, they can play a huge role in close or disputed political contests. 

Though the initiative went four-for-four in the 2008 election, only two of its seven endorsed candidates won their races on Tuesday. The trend coincided with historic losses for Democrats at the state and federal level. Republicans seized the U.S. House of Representatives, picked up at least six seats in the U.S. Senate, won a majority of the gubernatorial races and made a net gain of more than 500 state-level legislative seats. 

The Secretary of State Project, in a message to supporters on its home page, chalked up its losses to the overarching electoral trend. 

"2010 was a tough year. We helped re-elect Mark Ritchie in Minnesota and Debra Bowen in California, but our candidates in other states -- incumbents and challengers alike -- were all defeated in the Republican wave election," the group said. 

Ritchie, who beat Republican Dan Severson, gained notoriety among conservatives during the recount for the 2008 Minnesota Senate election, which he eventually handed to Al Franken over Republican Norm Coleman. Ritchie could soon have another recount on his hands with the close and undecided gubernatorial race between Mark Dayton and Tom Emmer. 

Republican secretaries of state have taken their fair share of criticism too, most notably Katherine Harris for her handling of the 2000 presidential election count in Florida. 

The Secretary of State Project was launched to installsympathetic officials in key battleground states. But on Election Day, their endorsed candidates lost in Ohio, South Dakota, Michigan, Colorado and Iowa. Overall, Republicans won 17 of the 26 secretary of state seats on the ballot, representing a net gain of six for the GOP. Those six takeovers include the key swing states of Ohio and Colorado. 

A pair of Soros-funded ballot measures also went down on the West Coast. California's Proposition 19, which would have legalized personal marijuana use, was defeated despite a $1 million infusion by Soros. His contributions to Proposition 27, which would have given the state's legislature redistricting power, also were not enough to put it over the top. A competing measure to give redistricting authority to a citizens commission passed instead.

Video:  Retiring Senator, Cut Debt or “We’re Greece.”

Bank of America Stocks Falls 41 Percent Since April, Leads to Second Round of Bailout Speculations  -  Let them fail!!

Volker: Fed Plan an Illusion, Won’t Boose Economy

Citi: Central Banks Are Going To Start Dumping Dollars In The Coming Weeks

Related:

Adrian Salbuchi on the Financial Collapse of Argentina - Freedomlink Radio

Adrian is from Argentina and he said they already devalued the currency in Argentina as a test run in Argentina - so they know how it works.  And then the IMF came in and told them what to do - and the country ended up borrowing money. In our case (US) he said they NEED for the US to fall just like USSR fell. And the other difference is - when the US falls - it will be to the world currency. (That is only one part - I think the other part is the Islamic factor - extremists. America has to fall - according to Salbuchi -  to achieve the NWO… J~)

Below is the conversation from Freedomlink radio about the engineered collapse of Argentina: The conversation starts around 7:20 on video 1:

Adrian Salbuchi on Freedomlink Radio 10/24/2010 Part 1 of 8
http://www.youtube.com/watch?v=goJY6nR4lDs
Adrian Salbuchi on Freedomlink Radio 10/24/2010 Part 2 of 8
http://www.youtube.com/watch?v=jLOXFeTNgUQ
Adrian Salbuchi on Freedomlink Radio 10/24/2010 Part 3 of 8
http://www.youtube.com/watch?v=8AhSF7vaO3A
Adrian Salbuchi on Freedomlink Radio 10/24/2010 Part 4 of 8
http://www.youtube.com/watch?v=LpR2kBcZ5Mk
Adrian Salbuchi on Freedomlink Radio 10/24/2010 Part 5 of 8
http://www.youtube.com/watch?v=JE9A8B2u68Q
Adrian Salbuchi on Freedomlink Radio 10/24/2010 Part 6 of 8
http://www.youtube.com/watch?v=HFFqncqHvbs
Adrian Salbuchi on Freedomlink Radio 10/24/2010 Part 7 of 8
http://www.youtube.com/watch?v=q-rB0bsKHTs
Adrian Salbuchi on Freedomlink Radio 10/24/2010 Part 8of 8
http://www.youtube.com/watch?v=E8d5Ncx4nhk

Is this really where we are headed??

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