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Showing posts with the label President Obama

Last-minute budget deal narrowly avoids the Big Government shutdown America desperately needs to balance its budget

(NaturalNews) The difference between the Democrats and the Republicans is that the Democrats want to spend us into oblivion while the Republicans only want to spend us into purgatory. The idea of actually running a balanced budget has never seriously occurred to either party. Government, after all, increases its popularity by confiscating money from some people and redistributing it to other people while keeping at least half of all that money for itself. The whole fiasco became perfectly clear over the last few hours when, after days of intense haggling and late-night negotiation sessions, the Republicans and Democrats suddenly came to an agreement that would keep the government up and running for another week. And what does that agreement entail? Drop-in-the-bucket cuts of a mere $38.5 billion ( http://www.nytimes.com/2011/04/09/u ...) out of a federal budget that has now ballooned to over $6 trillion dollars for 2011 ( http://www.usgovernmentspending.com ...). The federal deficit f...

Sudden death for the U.S. dollar!

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by Larry Edelson on September 18, 2009 This week, we’ve examined three powerful forces now arrayed against the U.S. dollar … * President Obama and Fed Chief Bernanke are not only refusing to defend the dollar, they are intentionally causing its demise with out-of-control spending and money-printing. Their motives are clear: Gutting the greenback’s value is the ONLY way they can ever hope to service our massive debt. * Foreign governments, central banks, financial institutions and investors are slashing their dollar investments. In some cases, they are dumping dollars to insulate themselves from the greenback’s head-long plunge. And by doing so, they’re causing the dollar’s decline to accelerate. * The United Nations and the G-7 plus China, France, India, Russia, Brazil and others are already laying plans to replace the U.S. dollar as the world’s reserve currency — and by doing so, will crush what little international demand remains for the greenback and...