Ron Paul Closes In On Top Three In South Carolina
Paul Joseph Watson
Prison Planet.com
Prison Planet.com
After being largely discounted out of a top three finish
in South Carolina, Ron Paul is now closing fast on third placed Rick
Santorum, as a new poll out of the state shows Mitt Romney’s lead
slipping.
Unlike New Hampshire, where Paul finished second after
taking advantage of strong support from Independents, South Carolina is
dominated by social conservatives who would be more inclined to vote for
someone like Santorum (although Mitt Romney’s frontrunner status defies
rational explanation given his true stance on abortion).
The Next War on Washington’s Agenda
Paul Craig Roberts
Prison Planet.com
Only the blind do not see that the US government is preparing to attack Iran. According to Professor Michel Chossudovsky, “Active war preparations directed against Iran (with the involvement of Israel and NATO) were initiated in May 2003.” http://www.globalresearch.ca/index.php?context=va&aid=28542
Washington has deployed missiles directed at Iran in its oil emirate puppet states, Oman and the UAE, and little doubt in the other US puppet states in the Middle East. Washington has beefed up Saudi Arabia’s jet fighter force. Most recently, Washington has deployed 9,000 US troops to Israel to participate in “war games” designed to test the US/Israeli air defense system. As Iran represents no threat unless attacked, Washington’s war preparations signal Washington’s intention to attack Iran.
Prison Planet.com
Only the blind do not see that the US government is preparing to attack Iran. According to Professor Michel Chossudovsky, “Active war preparations directed against Iran (with the involvement of Israel and NATO) were initiated in May 2003.” http://www.globalresearch.ca/index.php?context=va&aid=28542
Washington has deployed missiles directed at Iran in its oil emirate puppet states, Oman and the UAE, and little doubt in the other US puppet states in the Middle East. Washington has beefed up Saudi Arabia’s jet fighter force. Most recently, Washington has deployed 9,000 US troops to Israel to participate in “war games” designed to test the US/Israeli air defense system. As Iran represents no threat unless attacked, Washington’s war preparations signal Washington’s intention to attack Iran.
Ron Paul Has Won: Young People Engage With Liberty, Limited Government, Sound Money, Anti-War Principles
Steve Watson
Prisonplanet.com
When Congressman Ron Paul embarked on a third Presidential campaign he did so with one over riding aim – to engage the next generation of Americans and provide them with the platform to restore the principles of the Constitution. The facts show that he has overwhelmingly succeeded.
Tuesday’s primary in New Hampshire saw the Congressman net almost half of all votes from people aged between 18 and 29 years old. Paul received 47 percent of young voter support, data collated by the Center for Information & Research on Civic Learning & Engagement shows.
“Dr. Paul’s 47 percent support from 18- to 29-year-olds was the strongest level of support for any candidate by any age group.” said CIRCLE Director Peter Levine in a press release.
Prisonplanet.com
When Congressman Ron Paul embarked on a third Presidential campaign he did so with one over riding aim – to engage the next generation of Americans and provide them with the platform to restore the principles of the Constitution. The facts show that he has overwhelmingly succeeded.
Tuesday’s primary in New Hampshire saw the Congressman net almost half of all votes from people aged between 18 and 29 years old. Paul received 47 percent of young voter support, data collated by the Center for Information & Research on Civic Learning & Engagement shows.
“Dr. Paul’s 47 percent support from 18- to 29-year-olds was the strongest level of support for any candidate by any age group.” said CIRCLE Director Peter Levine in a press release.
Obama Gets Real
By: Peter Schiff |
According to our President's new view of history, capitalism is a theory that has "never worked." He argues that its appeal can't be justified by results, but its popularity is based on Americans' preference for an economic ideology that "fits well on a bumper sticker." He feels that capitalism speaks to the flaws in the American DNA, those deeply rooted creation myths that elevate the achievements of individuals and cast unwarranted skepticism on the benefits of government. He argues that this pre-disposition has been exploited by the rich to popularize policies that benefit themselves at the expense of the poor and middle class.
The Dollar's Lucky Streak
By: Peter Schiff
Reason TV: Who's Lethal? Police or Tasers
On May 10, 2011, 43-year old Allen Kephart died after having a Taser applied to him multiple times by three San Bernardino, California, sheriff's deputies during a routine traffic stop in Lake Arrowhead.
For Richer and for Poorer
Millionaires get poorer while the poor get richer. So what’s all this talk about the income gap?
The rich get richer and the poor get poorer, or so the saying
goes. Thousands of people have been sleeping outside in tents for
months as part of the Occupy Wall Street movement in large part
because they believe this statement is both accurate and important.
But while there is a nugget of truth there, this critique obscures
the great news that income mobility is actually alive and well in
the United States of America.
There is plenty of evidence that the richest Americans are richer than the richest Americans of the past. For instance, the top 1 percent of income earners in 1990 made 14 percent of Adjusted Gross Income (AGI), or pre-tax income, versus 23 percent in 2007—the second highest figure on record. The top 1 percent of households in 2007 made 275 percent more money adjusted for inflation than the top 1 percent in 1979, according to an October report from the Congressional Budget Office, while incomes in the bottom 20 percent increased by just 18 percent.
But ending the data in 2007 obscures the fact
that the wealthiest 1 percent took a sizeable hit after the
financial crisis, reducing their share of Adjusted Gross Income to
17 percent in 2009. As economist Steven Kaplan of the University of
Chicago explained to George Mason University economist Russ
Roberts in a recent EconTalk podcast,
“Recessions are bad for the rich. If you care about inequality per
se, recessions are great.” Kaplan also noted that in 2009, the rich
had a smaller share of income than they did at any point during
Bill Clinton’s second term, often cited as a period of
significantly greater income equality.
There is plenty of evidence that the richest Americans are richer than the richest Americans of the past. For instance, the top 1 percent of income earners in 1990 made 14 percent of Adjusted Gross Income (AGI), or pre-tax income, versus 23 percent in 2007—the second highest figure on record. The top 1 percent of households in 2007 made 275 percent more money adjusted for inflation than the top 1 percent in 1979, according to an October report from the Congressional Budget Office, while incomes in the bottom 20 percent increased by just 18 percent.
But ending the data in 2007 obscures the fact
that the wealthiest 1 percent took a sizeable hit after the
financial crisis, reducing their share of Adjusted Gross Income to
17 percent in 2009. As economist Steven Kaplan of the University of
Chicago explained to George Mason University economist Russ
Roberts in a recent EconTalk podcast,
“Recessions are bad for the rich. If you care about inequality per
se, recessions are great.” Kaplan also noted that in 2009, the rich
had a smaller share of income than they did at any point during
Bill Clinton’s second term, often cited as a period of
significantly greater income equality.Ron Paul's Possible Path to Victory
The Ron Paul campaign positions its man to face off against Romney in a two-man race.
“President Paul! President Paul! President Paul!”
chanted the 1,000 or so overwhelmingly young Ron Paul campaign
volunteers and workers crammed into a ballroom at a Manchester Best
Western on Tuesday night. Paul pulled a
stronger-than-expected 23 percent in the New Hampshire primary,
giving him a solid second place.America’s next CEO?
Mitt Romney
Mitt Romney looks like winning the Republican nomination. The party could do worse
The Next Paul
Politics
In Rand Paul, the family and the movement see a successor. The Establishment sees a hostage.
CONCORD, New Hampshire -- For many of Ron Paul’s devoted supporters, the presidential campaign is a kind of a long publicity stunt – an opportunity to spread the gospel of Hayek, to preach to the masses of young Libertarians. The candidate himself is visibly animated by the campaign; he does not appear to have given much thought to filling cabinet posts.
Retail sales grew 0.1% in December
Data
Watch
Retail
sales grew 0.1% in December
Brian S. Wesbury - Chief Economist
Robert Stein, CFA - Senior Economist
Brian S. Wesbury - Chief Economist
Robert Stein, CFA - Senior Economist
Retail sales
grew 0.1% in December (0.3% including upward revisions to
October/November). The consensus expected an increase of 0.3%. Retail
sales are up 6.5% versus a year ago.
Sales
excluding autos fell 0.2% in December (-0.1% including upward revisions to
October/November). The consensus expected an increase of 0.3%. Retail
sales ex-autos are up 6.0% in the past year.
Wednesday, January 11, 2012
How To Prepare For The Difficult Years Ahead
How
should people prepare for the difficult years that are coming? I get
asked about that a lot. Once people really examine the facts, it is not
too hard to convince them that an economic collapse is coming. But
once they accept that reality, most of them want to know what they can
do to prepare themselves and their families for the hard times that are
ahead. Well, the truth is that it does not have to be complicated.
Many of the things discussed throughout this article are things that
most of us should be doing anyway. Now is not the time to be splurging
on luxuries or expensive vacations. Now is not the time to be going
into large amounts of debt. Instead, we all need to get back to the
basics and we all need to do what we can to become more independent of
the system. Just remember what happened back in 2008. Millions of
Americans lost their jobs and millions of Americans lost their homes.
Now experts all over the globe are warning that another great financial
crisis that could be just as bad as 2008 (or even worse) is coming.
Those that don't take the time to prepare this time are not going to
have any excuse.Look Out Below - The Nightmarish Decline Of The Euro Has Begun
Look Out Below - The Nightmarish Decline Of The Euro Has Begun
The
euro is a dying currency. On Thursday, the EUR/USD fell below 1.28 for
the first time since September 2010. In fact, as I write this the
EUR/USD is sitting at 1.2791.
Back in July, the EUR/USD was over 1.45. But this is just the
beginning. The euro is going to go a lot lower. At this point, there
are several major European nations that are on the verge of default, the
European financial system is overflowing with debt and toxic assets,
and most major European banks are leveraged about as badly as Lehman
Brothers was when it collapsed. Most Americans simply do not grasp the
gravity of what is happening. Just because the Dow is sitting above
12000 and a few U.S. economic numbers have improved slightly does not
mean that everything is going to be okay. As I wrote about recently,
the EU has a bigger economy than we do and they have a bigger banking
system than we do. U.S. banks are massively exposed to European
sovereign debt and European banking debt. When the financial system of
Europe collapses and the euro falls apart it is going to rock the entire
planet. So you better look out below - the euro is coming down and it
is coming down hard. After the euro implodes, nothing is every going to
be the same again.So how far are we going to see the euro decline?
Julian Jessop of Capital Economics expects the euro to fall much further....
The relative strength of the recent economic data from the US is supporting the dollar more generally, and we expect this divergence to persist as the euro-zone slides into a deep and prolonged recession. Above all, doubts about the very survival of the euro itself are likely to remain a drag on the currency. We therefore continue to expect the euro to fall to around $1.10 by the end of the year.Others are even more pessimistic.
As I have written about previously, the head of global bond portfolio management at PIMCO believes that the euro is going to go even lower than that....
"Parity with the dollar next year is not out of the question"Can you imagine that?
1 dollar = 1 euro?
Don't think that it can't happen.
But the decline of the euro is just part of the story. The truth is that Europe is on the verge of a financial collapse that could end up dwarfing the financial crisis of 2008.
Sadly, most Americans have no idea what has been going on in Europe the past few days....
-The stock of the biggest bank in Italy, UniCredit, is absolutely collapsing. Shares of UniCredit fell 14 percent on Wednesday and 17 percent on Thursday.
-Shares of another major Italian bank, Intesa Sanpaolo, fell 7.3 percent on Thursday.
-Shares of three major French banks all fell by at least 5 percent on Thursday.
-Even shares of German banks are falling like a rock. Shares of Commerzbank fell 4.5 percent on Thursday and shares of Deutsche Bank fell 5.6 percent on Thursday.
-The yield on 5 years Italian bonds is back over 6 percent and the yield on 10 year Italian bonds is back over 7 percent. Analysts all over Europe insist that that the Italian debt situation is not sustainable if rates stay this high.
-Italy's youth unemployment rate has hit the highest level ever.
This is mind blowing news.
But what is the top headline on USA Today right now?
"Employers Impose Bans On Smokers"
These are some of the other top headlines on USA Today right now....
"Automakers Rush To Offer Apps In Your Car"
"Bargain Season At Taco Bell, Pizza Hut, Wendy's"
"Does Your Dog Understand You? Study Says Maybe"
Is that what passes as news in this country?
A financial meltdown of historic proportions is happening in Europe and you cannot even find anything about it on the front page of USA Today.
Amazing.
All of us need to snap out of our television-induced comas and start waking up.
Things are about to get really bad for the global financial system.
At this point so much confidence has been lost in the euro that even the Council on Foreign Relations is admitting that the euro is a failure....
The euro should now be recognized as an experiment that failed. This failure, which has come after just over a dozen years since the euro was introduced, in 1999, was not an accident or the result of bureaucratic mismanagement but rather the inevitable consequence of imposing a single currency on a very heterogeneous group of countries. The adverse economic consequences of the euro include the sovereign debt crises in several European countries, the fragile condition of major European banks, high levels of unemployment across the eurozone, and the large trade deficits that now plague most eurozone countries.If even the CFR is throwing in the towel, that should tell you something about what is about to happen to the euro.
There is a very real possibility that we could see the euro break up at some point during the next couple of years.
It now seems that a report produced a while back by Credit Suisse's Fixed Income Research unit was right on target....
"We seem to have entered the last days of the euro as we currently know it. That doesn’t make a break-up very likely, but it does mean some extraordinary things will almost certainly need to happen – probably by mid-January – to prevent the progressive closure of all the euro zone sovereign bond markets, potentially accompanied by escalating runs on even the strongest banks."The European debt crisis just continues to get worse and worse. None of the solutions that European leaders have tried have worked. We are rapidly approaching the meltdown phase of this crisis.
As I have written about previously, it doesn't take a genius to figure out what is happening in Europe. The equation is simple....
Brutal austerity + toxic levels of government debt + rising bond yields + a lack of confidence in the financial system + banks that are massively overleveraged + a massive credit crunch = A financial implosion of historic proportions
Unfortunately, what is happening right now in Europe is eventually going to happen in the United States as well.
As I wrote about yesterday, U.S. debt is a ticking time bomb that is going to devastate the entire global economy at some point. Nobody knows when the implosion will happen, but everyone knows that it is inevitable.
When Europe falls apart financially, that is going to make our own financial system much less stable. What is happening in Europe could turn our "limited recovery" into a "major recession" almost overnight.
So keep your eye on the euro.
If the euro keeps going down, that is going to be really bad news for the global economy.
Unfortunately, the truth is that the decline of the euro is just getting started.
Hold on to your hats.
***UPDATE***
The euro continues to drop like a rock. Right now it is at 1.2721.
Michael
34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger
34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger
We
have all been lied to. For decades, the leaders of both major
political parties have promised us that they can fix our current system
and that they can get our national debt under control. As the 2012
election approaches, they are making all kinds of wild promises once
again. Well you know what? It is all a giant sham. The United States
has gotten into so much debt that there will be no coming back from
this. The current system is irretrievably broken. 30 years ago the U.S.
debt was a horrific crisis that was completely and totally out of
control. If we would have dealt with it back then maybe we could have
done something about it. But now it is 15 times
larger, and we are adding more than a trillion dollars to the debt every
single year. The facts that you are about to read below should set
America on fire with anger. Please share them with as many people as
you can. What we are doing to our children and our grandchildren is
absolutely nightmarish. Words like "abuse", "financial rape", "theft"
and "crime" do not even begin to describe what we are doing to future
generations. We were the wealthiest nation on earth, but it wasn't good
enough just to squander all of our own money. We had to squander the
money of our children and our grandchildren as well. America has been
so selfish and so self-centered that it is hard to argue that we don't
deserve what is about to happen to this country. We have stolen the
future of America, and yet we strut around as if we are the smartest
generation that ever walked the face of the earth.All of this prosperity that we see all around us is just an illusion. It is a false prosperity that has been purchased by the biggest mountain of debt in the history of the world.
The Real Crisis in Capitalism
By Bill Bonner
“At the heart of the problem is widening income inequality,” they write.
Anatomically, income equality is right on the surface…not at the heart. It is more like warts or boils…on the skin of the system for all to see. Right out in the open. The question is what causes these blemishes… More in just a minute…
First, let’s look briefly at what is going on in the markets. A quick preview — nothing much. The Dow rose 69 points yesterday. Gold shot up $23.
Champions of Freedom John Stossel
It's election season, and so once again people look for heroes. Is
Ron Paul one? Maybe. He's fought a long, lonely battle to limit the
power of government. As government grows, I yearn for champions of
freedom who fight back. Rep. Paul has done that.
But it's a mistake to look for heroes in politics. It's too ugly a business. My heroes are people like Milton Friedman, F.A. Hayek and Ayn Rand.
Damn -- they're all gone.
But it's a mistake to look for heroes in politics. It's too ugly a business. My heroes are people like Milton Friedman, F.A. Hayek and Ayn Rand.
Damn -- they're all gone.
Who Wouldn't Enjoy Firing These People? Ann Coulter
Earlier this week, Mitt Romney got into trouble for saying, "I like
being able to fire people who provide services to me." To comprehend why
the political class reacted as if Romney had just praised Hitler, you
must understand that his critics live in a world in which no one can
ever be fired -- a world known as "the government."
(And a tip for you Washington types: Just because a person became rich without working for government doesn't mean he is "Wall Street." A venture capital firm in Boston that tries to rescue businesses headed for bankruptcy, for example, is not "Wall Street.")
(And a tip for you Washington types: Just because a person became rich without working for government doesn't mean he is "Wall Street." A venture capital firm in Boston that tries to rescue businesses headed for bankruptcy, for example, is not "Wall Street.")
Ayn Rand & Murray Rothbard: Diverse Champions of Liberty
– by Tibor Machan
Dr. Tibor Machan
Emerging Totalitarianism
by Adrian Krieg
Dr. Adrian Krieg
Under the newly enacted – sponsored by McCain (R-AZ) with approval of 93 (STUPID) Senators – National Defense Authorization Act (NDAA), the president was granted the right to arrest and detain any American citizens any place in the world without a charge, indefinitely, without right to council, without a warrant, and to torture any such American, merely on his say-so or by indictment of a secret court whose members are anonymous. This totally obliterates the habeas corpus provisions of the Constitution. Furthermore, this law eradicates the Posse Comitatus Act [18 U.S.C. 1385] of June 18, 1887 that prevented the government from employing American military against American civilians.
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