Late October 2010 News

There is Ben Bernanke's dileman of the 4 trillion dollars of quantiative easing or QE. Some believe that his QE program will boost stock prices, lower bond yieds, and weaken the dollar. The market is unstable. There is the announcement of it in November 3. Things might stay the same or head in the oppose direction. The dollar might be stronger as the Treasuries try to push the dollarr down. If Bernanke doesn't do the QE plan, people will accuse him of withdrawing liquidity and the market could go done. QE2 may be a bust. The dollar slipped down nearly 7 percent since August of 2010. The Goldman Sachs economist Jan Hatzius wants the FED to print about 4 trillion dollars to close the Taylor gap. New York Times columnist Paul Krugamn wants from 8 to 10 trillion of QE to push down long term rates enough to sustain the recovery. Not many people want to keep the status quo. Bernanke wants to purchase 200 billion dollars to 300 billion dollars in Treasuries at a tome. This in him would cause peopel to buy stocks and increase investment in the real economy. In other words, QE2 is not really addressing deflationary pressurces, exceess capacity or high unemployment. It only gives a temporary aspirin to cancer. Its relief may be temporary but it isn't a long term solution. The FED is very powerful today. It controls short term interest rates and short term rates can stimulate growrh or send the economic into a nose dive. They can guide the economy to years of productivity and prosperity or generate gigantic speculative bubbles that end in disaster. But, in a liquidity trap--when interest rates are stuck at zero—monetary policy is largely ineffective so the Fed is dead-in-the-water. Cheap money doesn't work if people aren't borrowing. People are broke or are saving money, which is wy people aren't borrowing. The FED can't change that. Congress isn't making greenbacks since they fear about deficits. The real issue is demand and QE won't address it. QE supporters say that when the FED buys bond, it makes investors to have riskier assets like stocks. Later, it will inflate equities prices which cause more hiring and lowers unemployment. It might not work. Even the Wall Street Journal tells about why this theory isn't feasable. It says that: "...While more quantitative easing will help to keep interest rates low, primary dealer banks aren't fully convinced that the move will prove to be the U.S. economy's knight in shining armor. "It may help to lower rates temporarily," said Ward McCarthy, chief financial economist and managing director of the fixed-income division at Jefferies & Co. in New York, "but is unlikely to have a significant beneficial effect on the economy."  QE probably can't help small business that make most jobs, cut unemployment, trim excess capcity, or increase aggregate demand. Some say that it can boost asset price and more more bank reserve while the economy continues in a Depression level. Some coutnries want to regulate capital inflows and prepare for competitive devaluation (in the prospect of the FED adding trillions of dollars to the money supply). At this weekend's meeting of the G-20 in Gyeongju, South Korea, German finance minister, Rainer Brüderle lashed out at the Fed's QE program saying, “Excessive, permanent money creation in my opinion is an indirect manipulation of an exchange rate.” The irony of the Brüderle's remarks were lost on Treasury secretary Timothy Geithner who used the meetings to point the finger at China and to make his case for "numerical limits" on current account balances. This is from Bloomberg:

"Seeking to find common ground on currency valuation, officials agreed to “move toward more market-determined exchange rate systems that reflect underlying economic fundamentals.” And they pledged to “refrain from competitive devaluation of currencies” — an effort to calm anxiety over a wave of protectionism in which countries would weaken their currencies to bolster their own exports."

 Ironically, Geithner knows that the FED is planning billions od dollars. There is a global trade imblance. In the last decade, US exports to China have totaled just $417 billion while Chinese imports have soared to $2,160 billion. Much of China's earnings have been recycled into US Treasuries to keep the price of their currency artificially low while they add to their $2.6 trillion in reserves. This gives them an unfair advantage in competing head-to-head with better-paid US workers.  If people wanted economic recovery, then you have to have exchange rates issues resolved. Some want levy import duites or tariffs is China refuse to let their curency appreciate. A second round of a real stimulus fiscally is a beginning to lower unemployment, increase spending, and have a foundation for a sustainable recovery.








Planned Parenthood have hitten a new low. The Planned Parenthood President said that fewer people saves government money. She said these words on the Bill Press radio show. This is very unconventional. Cecile Richards wants more money to be sent into birth control to save money, yet Planned Parenthood don't just fund birth control. They fund abortion worldwide. They ignore that people born in the world make tons of contributions to society. Planned Parenthood use birth control as a cover to promote abortion. That is why they want the federal government to fund aboriton nonstop. The Mikulski amendment allows the federal government to define what constitutes “preventive services” that new private health plans must cover without cost-sharing by consumers as required under the federal health reform law. During the ObamaCare debate, pro-life groups said the Obama administration could determine birth control or abortions were “preventative” and force taxpayers to shell out millions to cover the cost of them. If you want to save government money, it would be cut spending from the war on terror and fund infrastructure pojects in a long term fashion. We shouldn't fund embryonic stem cell research using federal money since IPCs makes ESCs obsolete. Also, we should deny all federal funding for abortion at home and abroad.




It's not a secret that radical globalization is harming the U.S. economy. The collapse of the global financial system this time starting in July of 2007. People losing their jobs haven't solve our problems. From 1967, America and the world shifted from economic production plus self sufficiency into globalization. We are experiencing the information age beyond the Industrial Age. The production of goods are replaced with the selling of information and promoting services. Finance replaced industry as the engine to drive growth of the American economy. Globalization is a code word for the ancient predatory act of neo-fedualism. This economic colonization that use a combination of an elite to control the supply and price of money. This allows them to rule production and the distribution of goods including essential services. The monetary system also a financial cartel and this network rules the global corporations which supply nations with food, oil, etc. It's like when the dope running, slave trading British East India Company used imperialism in economics. Now, labor is divided into secondary, teritary, and and other parts. Jobs are also many more service economic services than usual instead of business leaders and manufacturers. Some corporations want more overhead that destabilizes the production of workers. A conglomerate can now shut down a factors and have production overseas (where labor costs are cheaper and this removes production from the U.S. economy). The U.S. economy is here with globalization since 1968. Good producers have declined and service providing workers have increased. The level of service providers peaked in 2001 in 1.7 times from the 1968 level. It now stands at 1.6. The number of good producing workers fell by nearly half to 55 percent of the 1968 level. The use of manufacturing production workers and railway workers decline to  39% and 21% of 1968 levels, respectively. We have lower railroads, rail milesage, and employment in motor vehicle plus parts manufacturing. Machine-tool production employment, a crucial metric for a healthy economy, stands at just 45% of its 1990 level. Right now, the economy is in trouble. The private sector is beginning to slow down.  As of September 2009, only 11.8 million Americans were employed in manufacturing, down from a peak of nearly 20 million in 1979, and the number of workers is now barely above the level of 1940. However, measured per capita, the level of manufacturing employment is back to where it was in the early 1880s! It is beyond wild. If we our saving our money and cheap labor is common, why is the economy stagnant. The reason is that oligarchs have used globalization as a means to centralize wealth without independent populist solutions to solve our financial problems. True economic growth dealing with physical production, human creativity, investment, infrastructure development, environmental reforms yes (but without extremism), and other solutions.




There has been the incident of a Conway supporter being stomped out by thugs. There is more to the story than meets the eye. The White House and its media puppets are promoting their candidates. The establishment media and the George Soros funded Media Matters plus Think Progress. The stomp out of the female MoveON activist occuring after the Paul-Conway debate in Lexington, KY. Another pro-Rand Paul activist was stomped out just moments before. The Associated Press video of the incident seems to go to great lenghts to slow down the stomping in order to increase shock value, while conveniently failing to capture on film and almost identical incident moments before when a female Rand Paul supporter had her bandaged foot sliced open by a Conway fan who stomped her in a similar fashion. The Associated Press use the incident to try to imply that Rand Paul had something to do with the assault, which he didn't. I don't agree with Rand Paul on many issues, but he has nothing to do with the liberal Lauren Valle being assault. Valle was assaulted by someone putting his foot down only to be restrained by Rand Paul fans. Other Rand Paul acitivists try to discourage the man from hurting the woman. The Rand Paul supporter who assaulted the woman should be criminally charged. The Democrat Jack Conway is having trouble against Rand Paul. Conway has been accused of criminal money charges. The supporter of Rand Paul being assaulted wasn't mentioned by the mainstream media at all. Left Gatekeeping Think Progress is funded by the Center for American Progress Action Fund. That is a think tank headed by Bill Clinton’s former chief of staff John D. Podesta, who was also head of Barack Obama’s presidential transition team after the 2008 election, failed to mention that a Rand Paul activist was also stomped on by a Conway fan last night. The Center for American Progress director Jennifer Palmieri admitted that his group wants to promote the White House's agenda. Globalist George Soros gave Media Matters a $1 million. Podesta is helping Media Matters as well. SEIU people have assaulted a black man Kenneth Gladney when he gave Don't thread of me flag. Some of the hypocrite SEIU people used racial slurs against the man. MSNBC didn't report on this August 6, 2009 incident at all. Elston McCowan, 47, of St. Louis, and Perry Molens, 50, of De Soto, were each later charged with assaulting Gladney. Even some hired people from ANSWER assaulted the 62 year old Dave Caulkett of  Floridians for Immigration Enforcement, pummeling him with their signs and kicking him in the face as other A.N.S.W.E.R. goons cheered. I don't accept xenophobia, but no one should be assaulted in that fashion at all. So, we shouldn't use unnecessary violence to get our point across. We should be as peaceful as possible to spread our ideas publicly.







A whistleblower said that the Coast is trying to implement martial law. The U.S. Coast Gaurd in early October 2010 that it is a self declared special branch of the military (or it has the power to prosecute civilians in military tribunals). This declaration came about in a Decision on Appeal related to the case of Lieutenant Eric Shine. This wasn't reported by the media at all. Shine was a commissioned Naval officer in the Merhcant Marines and a graduate of Kings Point Military Service Academy. It was penned by the Vice Commandant of the Coast Guard. The decision can be downloaded and read here. The Coast Guard wanted to strip Lieutenant Shine of his merchant mariner license in March of 2003. It was a result of incidents realted to his service on 2 private vessels in 2001. In truth, as Lieutenant Shine pointed out, the charges were brought in retaliation for attempting to blow the whistle on illegal dumping and other actions that have occured (he was asked to do it during his employment). The Coast Guard's case against him rested on 2 hostile witnesses. They have been previously been named by Shine in his whistleblower litigation. The Chief of the Coast Guard Medical Evaluations Office is an officer in the Coast Guard who had never examined Shine. Yet, he was willing to testify to his medical incompetence. There is an interview where Eric Shine talks about his case, the Coast Guard, and the open implementation of martial law. This is a precedent setting action of Lieutenant Shine's case. The Coast Guard was prosecuting him as an alleged civilian in an Article 32 military tribuanal. This case is set in the history and context of the Coast Guard and its repeated attempts at crossing the Rubicon. In 49 B.C., Julius Caesar led the Roman Legion across the Rubicon into Rome. They defied the Roman Senate and later he called himself an Emperor for life. This was beginning of the change from the Roman Republic to the Roman Empire. The phrase "Crossing the Rubicon" refers to a move by the government toward forming a military dictatorship and the suspension of civil liberties. The United States Coast Guard have tried to violate rights secret for years. In 2003, it moved form the Department of Transportation into the DHS. It calls itself the military organizaiton in the DHS. They are straddling the line between a civil service agency and a branch of  the military as related to Uniform Code of Military Justice. The Coast Guard was apart of the navy. The 1878 Posse Comitatus bans military personnel to act as domestic law enforcement. So the military can't police civilians. The Coast Guard wants to acts as a maritime policy agency when it tries to act as a branch of the military. Posse Comitatus was violated gradually since 9/11. Back in October 23, 2001, unconvicted war criminals John Yoo and Robert J. Delahunty wrote to the White House counsel Alberto Gonzales gave the legal opinion that the President can deploy the military against suspected terrorists in America. The Bush administration used this opinion to justify sneding American troops in the suburbs of Buffalo to get men claiming to working with Al-Qaeda. These troops shouldn't be doing this. A section (1076) was slipped into the John Warner Defense Authorization Act that granted the president the authority to deploy troops domestically during “national emergencies.” In 2008, Congress attempted to take these powers away from the administration by passing legislation repealing the offending sections of the Act, but President Bush issued a signing statement when signing that legislation into law saying that his administration was not bound by it. Now, there many actions where Posse Comitatus had been repealed and people are being conditioned to accept military uniformed forces to police American civilians in American streets. The Army Times back in September of 2008 said that the 3rd Infantry Division's Brigade Combat Team had been reassigned to NORTHCOM to patrol the "homeland' in crowd control and civil unrest situations. In December of 2008, the Marine Corps Air and Ground Combat Support Group sent uniformed troops to aid police checkpoints in California. Back in September of 2009, the Army and Air Force gave assistance to the National Guard for security at the G20 in Pittsburgh. In September of 2009, the Assistant Secretary of Defense in Obama's Defense Departmetn requested authorization to deploy 379,000 troops in America. This is a world issue not just an American issue. There has been a formal merger of the American and Canadian military back in March 2009 to handle natioanl emergencies. They are preparing special reserve units to provide for domestic security during times of civil unrest. People are setting up internment camp training in Canada in case of emergencies as enforcedquarantines after a bioterror attack. Even British Army people were readied to handle riots in UK during march of 2009. These acts try to knock wall between citizens in America, Canada, and the UK and their militaries. This is why the Coast Gaurd is trying to act as a military branch instead of a federal policing agency. Lieutenant Eric Shine oppose the Revenue Service merge with the Lighthouse Service, the Ice-breaking Service and other civil service agencies to become a branch of military. The military merged with the DHS is strange as well. How does this branch of the military get away with filing charges in a military tribunal against an alleged civilian who has never served in their uniform, and then proceed to prosecute, adjudicate and act as appellate of that tribunal? We don't need a military dictatorship at all.


By Timothy