Wednesday, August 10, 2011
Cameron OKs Water Cannon and Plastic Bullets
Wall Street Hit by Fear of France
Airstrike Kills Taliban Who Shot Down Helicopter
London Police Admit They Lost Control of City
Fatah-Linked Jihadists Emerge in Gaza
Ahmadinejad Continues to Exploit London Riots
Opinion: Riots Reveal Real Britain
Koreas Exchange Fire Near Border
Tuesday, August 09, 2011
Shocking London Riot Video
London Lockdown Leaves Provinces Exposed
From the Corner Office to the Corner Riot
4th Night of UK Unrest
Backlash Against S&P
Iran Exploiting London Riots' Propaganda Value
Palin Echoes Foreign Confidential™ Energy View
AFGHAN OFFICIAL ALLEGES DOWNED US COPTER CAUGHT IN TALIBAN TRAP TO AVENGE SEAL TEAM KILLING OF BIN LADEN
Ex-Syrian Defense Chief Found Dead at Home
On Obama's Celebrated Intelligence
London Police Prepared to Use Plastic Bullets
Slain SEAL's Family Speaks Out
London Looters Tweet and Pose for Pics With Spoils
People proudly posing with their alleged loot, claiming responsibility for rioting and stealing. A complete breakdown of the social order. Go here for the story.
MARKETS IN TURMOIL
Monday, August 08, 2011
ASIAN MARKETS DOWN
Did Obama Stab SEAL Team 6 in the Back?
As Markets Fall as a Result of an Engineered Crisis, and Panic Spreads, Chaplin's Rousing Movie Speech is Moving and Timely
3rd Night of London Rioting
Opinion: US Treasuries Will Weather the Storm
Solar Flare Threatens Telecommunications
S&P Expands Assault on US-Linked Debt
Churches to Read Torah to Counter Koran Reading
Democracy in Action: Israel's Expanding Protest
'Moderate' Islamists Say Behead Mubarak
Gold Soars Above $1,700
ECB Bond Buying Calms Europe
Thursday, 11 August 2011
Britain's arrogant, self-righteous and inept prime minister has OKd first-ever use of water cannon and plastic bullets on the mainland--heretofore used only on occupied and persecuted Irish people--pledging to cure a "sick society." Click here for the story.
When the tech-savvy, hooded mobs--real-life Droogs--took over London, Cameron was on an Italian holiday.
Financial Stocks Lead the Retreat;
Tuesday's Equity Gains Wiped Out
Now this: the stock market's sudden reversal is blamed on fear of the French banking sector's exposure to European debt. Click here for the story.
The Taliban fighters responsible for shooting down the helicopter carrying special operations forces were reportedly killed by an airstrike, VOA reports.
An in-depth analysis of what happened--with terrifying implications for other cities in other countries. Click here to read the article.
New breakaway group's media offensive spotlights Gaza's emergence as center for global jihad, internal Islamist rivalries (Salafists vs. Muslim Brotherhood, etc.). Click here for the story.
The nuclear-arming, Hitlerian monster wants UN action on the London riots, as reported here.
In the meantime, the actions of Turkish shop owners are being hailed by many Londoners, as reportedhere. Notice the article's references to Turkey's EU membership bid and involvement in Syria (which is becoming an arena of Turkish-Iranian cooperation--and competition).
Shock, revulsion over London riots follow fascination with Royal wedding. Click here for an opinion piece.
We need to get this economy moving again, and the real stimulus we’ve been waiting for is domestic energy development. We must reduce our dangerous dependence on foreign oil by responsibly developing natural resources here. This will provide good paying jobs, reduce our trade deficit, increase federal and state revenue, ensure environmental standards, and actually stimulate our economy without incurring any debt. That’s real stimulus! Affordable, plentiful, and secure energy is the foundation of every thriving economy. Let’s make it the foundation of ours. Let’s do the opposite of President Obama’s manipulation of U.S. energy supplies. Let’s drill here, build refineries, and stop kowtowing to foreign countries in asking them to ramp up energy production which makes us even more beholden to them as we rely on their foreign product. Let’s move on tapping our massive domestic natural gas reserves. Natural gas is the perfect “bridge fuel” to a future when more renewable sources are available. It’s clean, it’s green, and we’ve got a lot of it. Let’s drill. Let’s build an infrastructure for natural gas cars and power plants. Energy development can help kick start our economic engine.
Read more here.
Evidence of inside job--treason by corrupt Karzai regime members--and Obama administration arrogance and incompetence. Click here for the story.
Arrogant, Aloof, Mysterious Mr. Obama
Maybe the Man Seen as a Muslim-Born Marxist
is Making US Safe for Idiocracy, Not Islamism!
'A WAR FOR THE SURVIVAL OF OUR REPUBLIC'
Setup: Chaplin, as the barber, now assuming the identity of the Hitler-like dictator, Hynkel, is taken to the capital of Nazi Germany-like Osterlich to make a victory speech. The Goebbels-like Minister of Interior Garbitsch, in introducing "Hynkel" to the throngs, decries free speech and argues for the subjugation of the Jews. The barber then makes a rousing speech. He calls for humanity in general to break free from dictatorships and use science and progress to make the world better instead. Click below and read more here.
"No need to panic," says Dee Woo, who describes himself as "an economics teacher at the Beijing Royal School, a citizen economist, and a citizen diplomacy activist." An excerpt from his thought-provoking--and calming--essay appears below.
Finally, there is no other sizable asset pool other than T-bills able to absorb the chunk of the $10 trillion worth foreign-exchange reserves piled in trade surplus nations. At $9.3 trillion outstanding, the U.S. Treasury market is second in size to Japan's government bond market, whose $9.7 trillion makes it the world's biggest. While Japanese bonds are mainly(90%) sold to domestic investors, the US sells around half of its bond to outsiders. It's unrealistic to say to convert the foreign reserve to German bunds, British gilts, or even gold. Because these markets are puny compared to the mammoth portfolios hoarded by countries such as China and Japan.
As long as the US stays as a global empire, shoulders much of the global imbalance, and export-oriented economies refuse to alleviate the global imbalance and continue to swallow up gargantuan trade surplus, the US dollar and T-bills will perch on the top of the world. Who said the whole world can't roll over as much as T-bills to entertain the American politicians' thirst for political theater and flirtation with a temporary default? It's not a sucker punch. Take it however it comes. No need to panic and ignore the rating agencies.See the chart below, there were countries doing rather well after losing triple A. Another good news is China is bluffing when it says it will reduce t-bills holding. Under the radar, China is gobbling up t-bills through proxy agents all over the world.
Sunspot 1263 is posing the threat of a real-life, X-Class Solar Flare (not an episode of The X-Files) that could disrupt planetary telecommunications this week. Click here for the latest news about yet another menace.
Agency Downgrades US-Backed Ratings,
About S&P
Credit Rating Agencies (CRAs) such as S&P have been subject to criticism in the wake of large losses beginning in 2007 in the collateralized debt obligation (CDO) market that occurred despite being assigned top ratings by the CRAs.
Credit ratings of AAA (the highest rating available) were given to large portions of even the riskiest pools of loans. Investors trusting the low-risk profile that AAA implies, purchased large amounts of CDOs that later became unsalable. Those that could be sold often took staggering losses. For instance, losses on $340.7 million worth of CDOs issued by Credit Suisse Group added up to about $125 million, despite being rated AAA by S&P.
Companies pay S&P to rate their debt issues. As a result, some critics have contended that S&P is beholden to these issuers and that its ratings are not as objective as they ought to be.
In April 2009, the company called for "new faces" in the Irish government, which was seen as interfering in the democratic process. In a subsequent statement they said they were "misunderstood."
Some critics have pointed out that the company and other rating agencies were part of the cause of the global financial crisis of 2008–2009, for example when Moody's downgraded Freddie Mac or, to quote Time, when "both agencies granted AAA rating to Collateralized Debt Obligations (CDOs) that were chock-full-of crap mortgages, thereby helping to precipitate the 2008 financial collapse." Ezra Klein wrote for The Washington Post that "Standard Poor's didn't just miss the bubble. They helped cause it," but he said S&P took the right action to downgrade the U.S. On the other hand, Paul Krugman wrote, "it’s hard to think of anyone less qualified to pass judgment on America than the rating agencies," and, "S&P’s demands suggest that it’s talking nonsense about the U.S. fiscal situation."
With the U.S. downgrade some have accused S&P of causing further damage for its own agenda. S&P acknowledged making a USD$2 trillion error in its justification for downgrading the U.S. credit rating, but stated that it "had no impact on the rating decision"."A judgment flawed by a $2 trillion error speaks for itself,"said a spokesman for the United States Department of the Treasury.
Another issue that has concerned commentators is that an S&P rating — for example, of the U.S. government or any other world government — can have, and has had, a distinct effect on a truly global scale, but the decision on these ratings are made by the company's employees who are not elected by the public, and are not accountable for their decision making process. There is no appeals process against a credit-rating decision.
A striking expression of solidarity with Israel and the Jewish people and appreciation of the Jewish roots of Christianity. Click here for the story.
Obama's Muslim Brotherhood calls for beheadings and amputations in accord with Islamic law. Click here to read the sickening story.
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