All articles written by Economics9698
Barack Obama and Hillary Clinton CREATED ISIS.
Russia is trying to rid the middle east of ISIS.
All of a sudden Barack Obama is beating his chest wanting to tangle with Putin?
The pink helmet bike kid is beating his chest pretending to be a silver back gorilla all of a sudden?
Give me a break.
Well you guessed it:
1. Donald Trump is about to clean Corrupt Hillary Clinton’s POLITICAL CLOCK.
2. Barack Obama raised a Muslim is a sympathizer of ISIS. Where was all of this might to wipe out this sworn enemy of the USA?
NADA … NOWHERE!
Putin on his worst day is 1000 times smarter than Obama.
Hopefully he will not be goaded into a skirmish with this panty waist and his corrupt administration.
All of you young males who support Clinton for President?
Envision yourselves peering out of a foxhole drafted into the OBAMA/CLINTON war in the middle east.
The drip drip of breaking news exposing the Clinton Corruption just never seems to end these days. Nor is it likely to stop until she either drops dead of whatever ails her or she loses to Donald Trump in November.
After-all the Clinton pair have been busy at this corruption business for at least 40 years.
Yesterday Dave from thoughtsaloud.com found this video … so I will share it with you here. It is important these messages get spread to as much of the public as we can.
So thank you Dave 😉
This is a clip of the former Haitian Senate President, Bernard Sansaricq as he exposes the Clinton Foundation as the corrupt ‘charity’ that it is.
At a Donald Trump function Bernard Sansaricq talks about the Clinton’s attempting to bribe him, and how the Clinton Foundation stole money from Haiti during the 2010 earthquake, as well as how they use Haiti to funnel drugs and drug money to the United States.
Money which ended up in Washington D.C. and even the White House in cornflakes cereal boxes.
AMAZING but certainly not surprising.
FOR IMMEDIATE RELEASE
Contact: Adam H. Sudbury, Esquire
(407) 395-4111 (Office), (407) 335-0646 (Mobile/Text) or firstname.lastname@example.org
February 21, 2013; Orlando, FL. Mark E. Schmidter appeared in court today, Thursday, February 21, 2013, before the Honorable Belvin Perry Jr. for resentencing on one count of criminal contempt of court. The resentencing occurs after the Fifth District Court of Appeal in December found that Schmidter’s First Amendment right to free speech was violated by requiring him to stand within “free speech zones” at the Orange County Courthouse. However, the appeals court also found that restricting distribution of literature to jurors summoned for jury duty was legally permissible, and that Schmidter’s conviction for contempt on those grounds should be upheld. Schmidter was re-sentenced today to serve 145 days in the Orange County Jail, and was immediately taken into custody.
“Judge Perry views Mark’s actions as being a form of jury tampering. That just isn’t the case,” said Adam H. Sudbury, Schmidter’s attorney. “Jury tampering requires an intent to interfere with a specific case. Mark is simply trying to inform jurors that they have the right to acquit people charged under unjust or immoral laws.”
The organization with which Schmidter is affiliated, the Fully Informed Jury Association (“FIJA”) has had widespread success in advancing the cause of “jury nullification,” which is the right of a juror to judge both the facts and the law under which a person is charged.
“This case isn’t about jury nullification, or whether you agree or disagree with it. It is about our First Amendment freedom of speech. Mark has every right to tell jurors and non-jurors what he believes their role to be in our constitutional republic,” said Sudbury.
According to Sudbury, the next stage of the proceedings is to file a Petition for Writ of Habeas Corpus in federal court. He expects these papers to be filed at some point early next week. “Our case is currently pending before the Florida Supreme Court, and we also have a federal declaratory judgment action in the United States District Court for the Middle District of Florida. We will try to get Mark released by filing a habeas corpus petition as soon as we are able,” said Sudbury.
Questions about this release should be directed to: SUDBURY LAW, 407-395-4111 or email@example.com .
Wall Street analysis has been bearish on Wall Street since 2009. The DJIA recently hit 14,000 again, the first time since 2007 but this is a “nominal” number that does not take into inflation. Inflation adjusted the DJIA is still 9.4% below it’s 2007 high.
Despite this discount Hussman is still bearish on stocks and bonds. The only reason equities have been performing the last four years have been the massive Federal Reserve interventions in the marketplace called by various names notably quantitative easing and operation twist.
Here is what Hussman had to say about the value investors can expect to see in the near future:
“In recent years, I’ve gained the reputation of a “perma-bear.” The reality is that I’m quite a reluctant bear, in that I would greatly prefer market conditions and prospective returns to be different from what they are. There’s no question that conditions and evidence will change, unless the stock market is to be bound for the next decade in what would ultimately be a low-single-digit horserace with near-zero interest rates. For my part, I think the likely shocks are larger, and the potential opportunities will be greater than investors seem to contemplate here. Investors who are eager to lock in whatever prospective return might be available at present valuations – or have operationalized their investment discipline and tested its outcomes across market cycles over history – can certainly ignore the evidence that drives my own concerns. Even then, I expect that the perspectives here would augment the performance of that discipline. But for investors who have tested no discipline at all, and have little data to support the enthusiasm that surrounds them, what follows is a summary of my concerns.
Present market conditions now match 6 other instances in history: August 1929 (followed by the 85% market decline of the Great Depression), November 1972 (followed by a market plunge in excess of 50%), August 1987 (followed by a market crash in excess of 30%), March 2000 (followed by a market plunge in excess of 50%), May 2007 (followed by a market plunge in excess of 50%), and January 2011 (followed by a market decline limited to just under 20% as a result of central bank intervention). These conditions represent a syndrome of overvalued, overbought, overbullish, rising yield conditions that has emerged near the most significant market peaks – and preceded the most severe market declines – in history:
S&P 500 Index overvalued, with the Shiller P/E (S&P 500 divided by the 10-year average of inflation-adjusted earnings) greater than 18. The present multiple is actually 22.6.
S&P 500 Index overbought, with the index more than 7% above its 52-week smoothing, at least 50% above its 4-year low, and within 3% of its upper Bollinger bands (2 standard deviations above the 20-period moving average) at daily, weekly, and monthly resolutions. Presently, the S&P 500 is either at or slightly through each of those bands.
Investor sentiment overbullish (Investors Intelligence), with the 2-week average of advisory bulls greater than 52% and bearishness below 28%. The most recent weekly figures were 54.3% vs. 22.3%. The sentiment figures we use for 1929 are imputed using the extent and volatility of prior market movements, which explains a significant amount of variation in investor sentiment over time.
Yields rising, with the 10-year Treasury yield higher than 6 months earlier.
The blue bars in the chart below identify historical points since 1970 corresponding to these conditions.”
CATO Scholar Dan Mitchell’s Golden Rule: “Good fiscal policy exists when the private sector grows faster than the public sector, while fiscal ruin is inevitable if government spending grows faster than the productive part of the economy.”
Okun’s Law when unemployment falls by 1%, GNP rises by 3%.
Gresham’s law “Bad money drives out good”
And so forth.
One of the debates that will intensify when the fiat currencies collapse around the world is how to keep federal governments around the world from exploiting their positions of power over the people. By this I mean running up the debt and creating invisible taxation in the form of inflation on the people.
Hopefully we will have competing currencies from private banks and this will not be a big issue, when money is based on hard precious metals it is very difficult for government s to run deficits, but if some countries remain on fiat money there is a way to discipline them, call it Thompson’s Rule.
It is relatively simple:
1. Restrict federal spending to a percentage amount. Here in the USA because we have income, payroll and corporate taxes but no value added tax (VAT) we have historically collected around 18% of the GDP in federal revenues. This has varied little since WWII with the exception of today and the late 40s. Other countries will have to evaluate this percentage on a country by country basis but keep in mind for ever 10% of government created the economy loses 0.5% to 1.0% in GDP growth per year. This adds up over time very quickly.
2. Subtract two years from the budget year. 2013 – 2 = 2011. 18% of the nominal 2011 GDP.
18% of the 2011 GDP is $15.075 trillion x (0.18) = $2.7135 trillion. Current tax receipts are $2.671 trillion with the resulting deficit of 42.5 billion. Quite a difference from the trillion dollar deficits we are currently running.
Let’s check a few years to make sure this works.
2000 GDP was $9.951 trillion x 0.18 = $1.79 trillion in spending for 2002. Taxes collected in 2002 $1.859 trillion for a modest surplus.
1990 GDP was $5.800 trillion x 0.18 = $1.04 trillion in spending for 1992. Taxes collected in 2002 $1.148 trillion for a modest surplus.
1980 GDP was $2.788 trillion x 0.18 = $502 billion in spending for 1992. Taxes collected in 2002 $617.4 billion for a modest surplus.
Most years there will be a surplus. Only in bad economic times like today will there be a deficit. If the federal government is forced to run a surplus in the good economic times then deficit spending will not be such a politically and economically traumatic event in the bad years. This is how a federal government is supposed to operate, evening out the business cycle.
A couple of more advantages to this system is if greedy politicians want to spend money to buy votes they are forced to pass legislation that grows the economy. The less the economy grows the less they have to spend.
Second this forces greedy politicians to look at the hidden inflation tax as a negative not a positive like today. If the value of 2011 money is diluted by inflation the politicians will have less to spend to buy votes. This is the reverse of the system we have today where politicians have every incentive to create inflation as a hidden tax on the gullible public.
I would argue that this is better than a balanced budget amendment. With a balanced budget amendment what is to stop politicians from passing a VAT and increasing spending to 25% or 30% of the GDP?
Politicians will win that battle every time.
This system is simple and incentivizes politicians to control inflation and pass legislation that encourages economic growth.
If other economists want to steal this idea they are more than welcome.