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In spite of the fact the US Courts have ruled that a ban on all deep water drilling is not a legal response to the BP oil leak, Obama continues to try and use regulations to circumvent the court. In spite of his so called Constitutional Law background, he has established a pattern of using executive orders and regulatory law to circumvent the Constitution, Congress and Courts, a practice long detested by the public.
You would think he did not have Democratic control of the Congress in mind when he makes his supreme decisions to block Gulf oil drilling, or attempt to block the Arizona Immigration law. He has already used the EPA to issue emission regulations Congress refused to approve. He used an executive order to establish a Debt Commission the Senate refused to approve. He used executive orders to force union participation and wages on public projects, even in non-union states, which significantly increased the cost of the public works budgets.
It is almost as if he is practicing for being President of the New World Order where every government on Earth is superseded by a higher and more powerful entity. Heaven forbid if he is still trying to implement the Rothschild and Goldman Sachs dream of a worldwide socialistic system beholden to the dark and all powerful forces of a secret cartel using politicians as puppets, governments as their labor force, national banks as their personal bank accounts and control of the money supply to demand loyalty to the New World Order.
Over 225 years ago we were first warned by our forefathers of the dangers of a central and international banking cartel and the power they could hold over all governments and freedom. In the late 1700's the first attempt to control the US Treasury was successfully made by the Rothschilds and it was not until President Andrew Jackson forced it out of business that the USA controlled it's destiny. Such was the power of the international banking community that there was an assassination attempt on President Jackson.
By the time of the Civil War and Lincoln the international banks again made an effort to control the USA through money and arms sales, supplying both the Union and Confederate causes with money and guns. When Lincoln resisted the international cartel and their demands for outrageous interest on the loans and he received the help and backing of the Czar of Russia both Lincoln and the Czar were assassinated.
Other presidents opposed the gold standard manipulation and establishment of a federal bank and some lost their lives, others were forced from office. Finally the Federal Reserve was quietly established in the midst of a Congressional recess by Woodrow Wilson and the springboard for international control of the USA was in place.
To this day the Federal Reserve continues to print our money, without our regulation, without even an audit of what the Fed is doing to use our money to help other international causes which we may or may not agree with. With Obama spending our way into bankruptcy, the national debt is now expected to hit $14 trillion next year, and his efforts to undermine the congress and courts through his legal challenges, regulatory policy and executive orders, it is almost as if his agenda has nothing to do with protecting the USA or the integrity of the Constitution.
For those of you who doubt the enormous power of the international banking cartel or the House of Rothschild that controls the world economy, I am running once again an article I wrote about the history of the international banks and Rothschilds to remind us of what they have already accomplished. Look at their tactics and strategies and see if the USA under Obama is not playing right in to the financial traps they have set.
The massive Obama policy agenda and the radical swing toward socialism inherent in much of the policy has been rejected by the people, yet the administration has continued to defy the public will and continues to use regulatory actions and odd lawsuits to keep implementing the big government, huge deficits and massive increase in national debt.
Our Constitutional freedoms are not merely being challenged by this administration, they are being recklessly attacked on multiple fronts in spite of the public opposition. Someone inside the White House knows that our congress has been compromised by campaign money and greed and is in no position to defend the people from this assault on our freedoms. Congress has neither the guts nor the desire to fight for us. Do you?
Watch for the reprint of The Trillionaires Delight in the Coltons Point Times for the background on this issue.
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Showing posts with label international economy. Show all posts
Showing posts with label international economy. Show all posts
Tuesday, July 13, 2010
Monday, May 24, 2010
European Socialism, the Darling of the Obama White House, Bankrupting the Euro
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With the near collapse of the Greek economy and subsequent bailout from the EU partners, the IMF (International Monetary Fund) and the US Federal Reserve for a trillion dollars, the nations of Europe might get to catch their collective breath.
If ever there was a need for a clear symbol on what would happen if the Obama redistribution of wealth program got adopted, this is it. Greece goes bankrupt from the deficit burden of the socialist promise of cradle to grave care from the state. Now we find out most of the members of the European Union have far exceeded their allowed deficit and must institute emergency budget cuts.
These are some of the key features of the European style Obamacare being sought by the White House and Democrat controlled Congress.
National Health Insurance
Nationalization of certain insurance, banking and auto industry elements
Nationalization of the housing and commercial mortgage market with Fannie Mae and Freddie Mac already siphoning off over a trillion dollars in taxpayer money
New restrictions on energy industry and increased global warming and environmental pressure
Creation of a futures trading market with Goldman Sachs for industrial carbon credits
There are a lot of other things they want as well but you get the general idea. Obama has often cited the socialized programs of Britain, Germany, Canada, Denmark Norway, Switzerland, Finland and the Netherlands as examples of successful socialized social programs.
For decades demographers and economists warned Europe that social welfare was doomed because of the aging of Europe's baby boomers. With most countries now achieving zero population growth, there are not sufficient youth to pay the cost of benefits to the baby boomers as they retire. Still the social welfare states kept adding to the excessive benefits over the years falling deeper and deeper in debt.
Now the nations of Europe face deep cuts and the first round of cuts came by reducing public payrolls and benefits, the least objectionable. They are not nearly enough to achieve the cuts necessary however so cuts to the social welfare programs are next and they will be painful.
Germany is the financial foundation for Europe and it is facing a $3.75 billion budget cut from it's budget. The only way to achieve it is with cuts to the nation's unemployment program, which just went through difficult cuts 5 years ago. Unemployed people under 50 years of age will get 60% of their last salary before taxes, and the benefit lasts up to a year.
Britain's new government is facing $8.6 billion in cuts mostly to government payrolls. Retirement ages to qualify for state pensions are being raised from 60 to 65 for women, and from 65 to 66 for men. The current system that allows people to remain unemployed indefinitely when not looking for work will change to require people to seek employment.
Funding for Britain's nationalized health program is safe for the time but is scheduled to increase each year until 2015. The current $360 payment to families for every newborn, intended to encourage a higher birth rate but largely unsuccessful throughout Europe will be eliminated and child tax credits reduced.
In France people can now retire at age 60 with 50% of their annual salary. The French intend to raise the retirement age like Britain and are bracing for massive union opposition like occurred in Greece.
Spain is cutting billions of dollars in state salaries next month and the socialist government has frozen increases in pensions for cost of living increases for the next two years. Assistance payments for disabled people is being cut by $375 million, the new baby bonus of $3,124.35 per baby is eliminated and the retirement age for men is being raised from 65 to 67.
Denmark and other Nordic countries have the world's highest taxes and most generous cradle to grave benefits and have moved fastest to address long term needs. As a result they also have the lowest unemployment rates and most generous benefits. Norway, whose benefits are fully funded with oil revenues, has the lowest jobless rate in Europe at 3%.
Southern European countries have the most trouble. In Greece civil servants earning over $3,750 per month will lose two extra months of salary now being paid, one at Christmas and another between Easter and summer vacation. They now have to contribute to pensions for 40 years instead of 37 and early retirement cannot be taken before age 60.
To make their cuts Portugal is raising income, corporate and sales taxes, unemployment benefits will be cut and out-of-work must accept any job that pays 10% more than they earn on unemployment.
German public education, which was free until 2005, now allows tuition fees of up to $1,250 per year. All German students pay no more than that to attend state funded universities, including the most elite schools.
The most expensive and elite universities in Britain like Cambridge, charge $4,720 per year which is far less than the elite USA schools like Harvard that charge $35,000 per year.
These are just some of the problems being faced by the social welfare states of Europe and by the way, yes, through the Federal Reserve we are helping to bail out these countries for their excessive socialist spending. Does Obama really think after we underwrite the bailout of the European socialist nations and their failures in redistributing wealth, will we really have any wealth left to redistribute?
.
With the near collapse of the Greek economy and subsequent bailout from the EU partners, the IMF (International Monetary Fund) and the US Federal Reserve for a trillion dollars, the nations of Europe might get to catch their collective breath.
If ever there was a need for a clear symbol on what would happen if the Obama redistribution of wealth program got adopted, this is it. Greece goes bankrupt from the deficit burden of the socialist promise of cradle to grave care from the state. Now we find out most of the members of the European Union have far exceeded their allowed deficit and must institute emergency budget cuts.
These are some of the key features of the European style Obamacare being sought by the White House and Democrat controlled Congress.
National Health Insurance
Nationalization of certain insurance, banking and auto industry elements
Nationalization of the housing and commercial mortgage market with Fannie Mae and Freddie Mac already siphoning off over a trillion dollars in taxpayer money
New restrictions on energy industry and increased global warming and environmental pressure
Creation of a futures trading market with Goldman Sachs for industrial carbon credits
There are a lot of other things they want as well but you get the general idea. Obama has often cited the socialized programs of Britain, Germany, Canada, Denmark Norway, Switzerland, Finland and the Netherlands as examples of successful socialized social programs.
For decades demographers and economists warned Europe that social welfare was doomed because of the aging of Europe's baby boomers. With most countries now achieving zero population growth, there are not sufficient youth to pay the cost of benefits to the baby boomers as they retire. Still the social welfare states kept adding to the excessive benefits over the years falling deeper and deeper in debt.
Now the nations of Europe face deep cuts and the first round of cuts came by reducing public payrolls and benefits, the least objectionable. They are not nearly enough to achieve the cuts necessary however so cuts to the social welfare programs are next and they will be painful.
Germany is the financial foundation for Europe and it is facing a $3.75 billion budget cut from it's budget. The only way to achieve it is with cuts to the nation's unemployment program, which just went through difficult cuts 5 years ago. Unemployed people under 50 years of age will get 60% of their last salary before taxes, and the benefit lasts up to a year.
Britain's new government is facing $8.6 billion in cuts mostly to government payrolls. Retirement ages to qualify for state pensions are being raised from 60 to 65 for women, and from 65 to 66 for men. The current system that allows people to remain unemployed indefinitely when not looking for work will change to require people to seek employment.
Funding for Britain's nationalized health program is safe for the time but is scheduled to increase each year until 2015. The current $360 payment to families for every newborn, intended to encourage a higher birth rate but largely unsuccessful throughout Europe will be eliminated and child tax credits reduced.
In France people can now retire at age 60 with 50% of their annual salary. The French intend to raise the retirement age like Britain and are bracing for massive union opposition like occurred in Greece.
Spain is cutting billions of dollars in state salaries next month and the socialist government has frozen increases in pensions for cost of living increases for the next two years. Assistance payments for disabled people is being cut by $375 million, the new baby bonus of $3,124.35 per baby is eliminated and the retirement age for men is being raised from 65 to 67.
Denmark and other Nordic countries have the world's highest taxes and most generous cradle to grave benefits and have moved fastest to address long term needs. As a result they also have the lowest unemployment rates and most generous benefits. Norway, whose benefits are fully funded with oil revenues, has the lowest jobless rate in Europe at 3%.
Southern European countries have the most trouble. In Greece civil servants earning over $3,750 per month will lose two extra months of salary now being paid, one at Christmas and another between Easter and summer vacation. They now have to contribute to pensions for 40 years instead of 37 and early retirement cannot be taken before age 60.
To make their cuts Portugal is raising income, corporate and sales taxes, unemployment benefits will be cut and out-of-work must accept any job that pays 10% more than they earn on unemployment.
German public education, which was free until 2005, now allows tuition fees of up to $1,250 per year. All German students pay no more than that to attend state funded universities, including the most elite schools.
The most expensive and elite universities in Britain like Cambridge, charge $4,720 per year which is far less than the elite USA schools like Harvard that charge $35,000 per year.
These are just some of the problems being faced by the social welfare states of Europe and by the way, yes, through the Federal Reserve we are helping to bail out these countries for their excessive socialist spending. Does Obama really think after we underwrite the bailout of the European socialist nations and their failures in redistributing wealth, will we really have any wealth left to redistribute?
.
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