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Posts tagged ‘Federal government of the United States’

Our Huge, Stinking Mountain of Debt: Student Loans

Imagine a huge, stinking mountain of debt, which represents all of the debt in the world… now look at this chart of student loan debt. Notice anything about this chart of student loan debt owed to the Federal government? Direct Federal loans to students have exploded higher, from $93 billion in 2007 to $560 billion in early 2013. This gargantuan sum exceeds the gross domestic product (GDP) of entire nations—for example, Sweden ($538 billion) and Iran ($521 billion). Non-Federal student loans total another $500 billion, bringing the total to over $1 trillion. Does this look remotely sustainable? Does it look remotely healthy for students, society, taxpayers now on the hook for a half-trillion dollars in potential defaults or the U.S. economy?

Frequent contributor Jeff W. explains the underlying dynamics of this wholesale shift of student-loan debt to Uncle Sam:

Why did Uncle Sam take over the student loan business? I don’t know for sure, of course. But I surmise that it has to do with the nature of debt money. As debt money is being created, it stimulates aggregate demand and circulates in the economy creating (false) prosperity. As long as the government and central banks can keep pumping new debt money into the economy, the economy runs well enough to keep the sheeple satisfied, e.g., housing bubble debt creation years, especially 1992-2006. The banks also profit enormously from the creation of trillions of dollars of new debt money.

Problems develop, however, when there are defaults. Note carefully that when a borrower defaults on a loan, the debt money he and the bank created continues to circulate. It is only when debts are paid back that the debt money disappears from circulation. Thus a condition of debt saturation or debt revulsion (where the people are sick of debt and want to pay off existing debt and refuse to take on more debt) is fatal to a debt money regime.

Central bankers carefully guard against deflation because it causes debt revulsion. If a borrower thinks that $1.00 that be borrows today will have to be paid back, after some years of deflation, with a dollar worth $1.10 or $1.20, the borrower will likely refuse to take out a loan. Debt revulsion causes problems for government (reduced tax revenues, unemployment), but even worse problems for the banks, for the same reason that auto revulsion causes problems for the auto industry or aluminum siding revulsion causes problems for the aluminum siding industry

full article at source: http://charleshughsmith.blogspot.de/2013/09/our-huge-stinking-mountain-of-debt.html

Looming Reversal of Centralization as Empires Disintegrate

By: Gary_North

The present political system is clearly insane. It suffers from schizophrenia. Around the world, almost no one trusts the politicians, yet almost everyone votes for incumbent politicians who promise to reform the government Voters now suspect (correctly) that all Western governments are headed for bankruptcy because of the pension programs and government-funded medicine, yet these two programs are politically untouchable. Voters demand them.

For four decades, soft-core critics of the pension/Medicare systems have come to voters with this announcement: “The two systems can be reformed, but we must act now. If we delay, they will bankrupt the government.” Yet the systems are never reformed.

Then, a decade later, the next group of optimistic reformers comes forward with this same promise: “The systems can be reformed if we just act now.” Nobody believes them. Nobody should. If the programs really can be reformed “if we act now,” then the previous warnings were mere scaremongering. There really was no hurry. So, Congress asks rhetorically: “Why should we believe that we need to hurry now?” Result: the systems never get reformed. Congress kicks the can.

THE GREAT DEFAULT

The federal government really is headed for default. The numbers don’t lie. This fact produces pessimism in some circles. People who look at the numbers conclude, accurately, that the federal government will not muddle through this crisis. All over the world, national governments will not muddle through. They will no longer be able to kick the can.

I have good news and bad news. The bad news first. If you are dependent on the government for your old age security, you have only one hope: an early death. The good news: when Washington’s checks bounce, the bureaucrats will have to go into another line of work. Millions of them. All over the world.

I am now going to present a scenario that is not widely shared. The process that undergirds it is not widely recognized. Yet this process is relentless.

If I am correct about it, judgment day is coming. Not the final judgment. A liberating judgment

Full article at source: http://www.marketoracle.co.uk/Article34754.html

Who Runs the world?

By Michael Ricciardi
In the first such analysis ever conducted, Swiss economic researchers have conducted a
global network analysis of the most powerful transnational corporations (TNCs).
Their results have revealed a core of 787 firms with control of 80% of this
network, and a “super entity” comprised of 147 corporations that have a
controlling interest in 40% of the network’s TNCs.

When we hear conspiracy theorist talk about this or that powerful group (or alliance
of said groups) “pulling strings” behind the scenes, we tend to dismiss or
minimize such claims, even though, deep down, we may suspect that there’s some
degree of truth to it, however distorted by the theorists’ slightly paranoid
perception of the world. But perhaps our tendency to dismiss such claims as
exaggerations (at best) comes from our inability to get even a slight grip on
the complexity of global corporate ownership; it’s all too vast and complicated
to get any clear sense of the reality.

read full article at source : http://planetsave.com/2011/08/28/who-runs-the-world-network-analysis-reveals-super-entity-of-global-corporate-control/

He Once Told the Truth, Obama vs Obama

By: Gary_North

In 2006, there was a vote in the United States Senate over raising the debt ceiling. Senator Obama took the high ground. He voted against the increase. Amazingly, he violated one of his career-long principles, namely, don’t leave a paper trail. This time, he rose to the occasion. He rose to speak.

We cannot be sure exactly what he said. This is because the “Congressional Record” allows every member to edit his words retroactively before the words are published. In this era of unrestricted pornography, The “Congressional Record” remains the last bastion of airbrushing.

I searched on Google to find an official version of the text of his remarks. I could find no government site that maintains this for public viewing. I came as close as I could.

DEBT AND THE LOSS OF LEADERSHIP

Senator Obama began with a description of what the U.S. government was facing in March 2006. Just for the record, it was facing this. The Congressional Research Service summarized the vote: “On March 16, the Senate passed a debt limit increase after rejecting several amendments. The President’s signature on March 20, 2006, then raised the debt limit (P.L. 109-182) to $8.965 trillion.” Keep this figure in mind: a little under $9 trillion. One year later, the limit was raised by $850 billion to $9.8 trillion. President Bush signed the bill into law on September 29, 2007. Three months later, the recession began, according to the retroactive declaration on the non-profit National Bureau of Economic Research.

Today, the Federal government’s official, on-budget debt is about $14.4 trillion. The debt clock is here.

On March 16, 2006, the day of the vote, Senator Obama gave a speech. He began with these words:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

He was correct. The politicians had led the government into a quagmire of debt. It nevertheless pressed forward. Now, the government is in quicksand.

There was no leadership in 2006, any more than there had been leadership since 1917, when the debt ceiling was first voted into law. There was no attempt to balance expected outlays with expected income. There still isn’t. The American republic remains the republic of pork.

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.

full article at source here: http://www.marketoracle.co.uk/Article29587.html

Comment:

Judging from the Stock market performance the deal done in the US earlier this week hasn’t fooled anybody and the cards say it all .Obama’s stitch up is not holding and the printing presses are not helping .Europe should take note printing money out of thin air is not the answer neither is holding small countries liable for the mistakes and gambling debts of larger states. As the European con artists running the ECB and the IMF gangsters concoct another bubble for the masses to swallow their last spoof is falling apart  hopefully they will realize  you cannot get blood from a stone!  And the market goes down , down and down

Burzynski Movie Subscribers

July 21, 2011

Dear Burzynski Movie Subscribers,

We have some exciting news—as well as some rather disturbing news to announce.

First, the exciting news:

1

. USA Television Premiere of Burzynski, the Movie: Cancer Is Serious Business on The Documentary Channel!
Sunday, August 7, 2011 at 8:00 PM Eastern:

2. Canada & USA TV pay-per-view available August 1, 2011 through October 31, 2011 only, via multiple TV platforms:
(a). Pay-per-view within the USA on the following TV subscription services:

Verizon FiOs, Charter, AT&T U-Verse, Dish, Mediacom, Eastlink Communications, Wave, Blue Ridge, Burlington Telecom, Morristown, KPU, Tullahoma Utilities, Valley Communications.

(b). Pay-per-view within Canada via the following TV subscription services:

Rogers, Cogeco, Access Communication, Source Cable, NorthwsTel Cable, Bluewater, Seaside, Cable Cable.
3. More online rental and purchase starting August 1st:

iTunes, Vudu.com, CinemaNow.com  (Netflix coming this fall).

If you have already seen this film, we hope that you encourage a friend to see it—seeing it has become easier and easier for everyone! As Dr. Burzynski, Antineoplastons, and this film project continues to gain more momentum within the worldwide public eye, more and more distribution outlets have opened up.

This is a good thing, not just because it exposes more people to this story, but because we are going to need you and everyone else that cares about medical freedom and the preservation of Dr. Burzynski, his clinic, and Antineoplastons to soon step up to the plate to help, because…

4. We have some disturbing news:

The Texas Medical Board is trying once again to shut Burzynski’s clinic down. In January 2012 they will take him to trial—again. We will be launching a new call-to-action to bombard Governor Rick Perry’s office, with letters, emails, faxes, phone calls and DVDs to keep this trial from going forward. Please sit tight, we will have a fully targeted package to utilize to try to help fight this absurdity.

As a part of this call-to-action, we will also be asking people to bug all of our Congressman and Senators to open up a new hearing to force the FDA to allow the approval of Antineoplastons based on their completed Phase 2 FDA clinical trials. Almost all cancer drugs approved in the last decade were approved after only completing Phase 2 FDA trials, especially for brain cancer. To make matters worse, nearly all of these drugs were approved after completing Phase 2 without having saved a single life. Yet, Burzynski & Antineoplastons are credited with saving hundreds of lives in Phase 2 FDA clinical trials, including the lives of pediatric brain cancer patients—who have not only been alive for over 10 years—but are the first patients in the history of medicine to ever have been cured of their type of tumor.

There is no logical reason other than outright bureaucratic suppression to force Antineoplastons to enter Phase 3 trials without hitting the market first after completing Phase 2. Not to mention the $300 million dollar price tag that Phase 3 trials cost, which can be more easily paid for if the FDA would allow them on the market—allowing The Burzynski Research Institute, Inc. and other third-party distributors to profit from it, then turning that money into funding for Phase 3.

Allowing drugs to be FDA approved after completing only Phase 2 is not remotely unusual. What the FDA does is approve these drugs after Phase 2, then while they are on the market they simultaneously conduct Phase 3. But, not for Burzynski, Antineoplastons, or cancer patients that need this treatment now.

We will have a well-buttoned up fact sheet and form letters to write your local Congressmen and Senators to push this forward. The truth is on our side, and all we are asking is to make the FDA consider Antineoplastons no differently than they have considered any other drug on the market.

If we put the FDA on the stand today, we can not only expose this abuse of power—but participate in the first time in history the general public will be responsible for forcing a medicine into FDA-approval and into the public’s hands. (That’s almost as exciting as discovering a cure for cancer).

Please stay tuned and look out for our future email newsletter that will include this new call-to-action. We hope to have it up and out to you by late August. Encourage others to sign up so they too can take part in this historical event.

In solidarity,

Eric Merola
Director, Burzynski the Movie: Cancer Is Serious Business

Dr. Burzynski :Cancer Is Serious Business

Fda

Image via Wikipedia

This shocking information was sent into us this morning by Chris

Whilst shocking it is also an example of the truth coming out despite the best efforts of vested interests.

Hi Chris,

I have highlighted this before about 2years ago and I am delighted you sent this to me I have purchased a copy of the video and I will of course post this information to-day

I am overwhelmed by the sheer scale of the cover-up by the big pharmacy companies  whose vested interested is to subdue this information .I am also aware that these companies are guilty of mass murder as they are preventing this cure for cancer from coming on to the world market and thus save the lived of countless millions of people. How do these people sleep at night? Whether it’s going to save one life or countless millions this treatment should be available to all the people who have been stricken with this tragic disease. I feel so sad at the unnecessary loss of life and all because of greed and profit.Somebody is guilty of mass murder !

Thank you

In the 1970’s, Dr. Burzynski made a remarkable discovery that threatened to change the face of cancer treatment forever. His non-toxic gene-targeted cancer medicine could have helped save millions of lives over the last two decades had his discovery not been criminally suppressed by the US government, as his therapy, called “antineoplastons,” have been shown to effectively help cure some of the most “incurable” forms of terminal cancer.

This documentary takes you through the treacherous 14-year journey Dr. Burzynski and his patients have had to endure in order to finally obtain FDA-approved clinical trials of antineoplastons.

His story is yet another testament that fact can be far stranger than fiction, as the film exposes the powerful, unscrupulous forces that work to maintain the status quo of the medical- and pharmaceutical industry at any cost—including the lives of millions of people.

Please visit source at: http://www.burzynskimovie.com/

The U.S. Dollar Bubble Has Burst!

Whilst the mainstream press talking heads continue to talk about bubbles everywhere except the biggest bubble of all which is the U.S. Dollar, that partially manifests itself in the USD index trending lower, though given the fact that all currencies are in free fall against one another the dollar bubble bursting is more evident in soaring commodity prices that are leveraged to real inflation. The US government and central banks are accelerating the trend for the destruction of the worlds reserve currency something that is more than evident in the rush into Gold and Silver as alternative currencies to fiat paper because they cannot be printed and therefore more difficult for the master manipulators at the Fed to manipulate lower as they have done so for US treasury yields which do not reflect the real US inflation rate that folks such as shadowstats put as high as 10% against official CPI of 2.7%.

The bottom line is that the US is on an accelerating trend towards a dollar crash event when there is panic loss of confidence in dollars and by virtue of virtually every other currency will suffer to a great extent as all currencies are locked into a money printing death spiral towards oblivion, the only difference between currencies is the volatility in the differing rates of free fall which are the exchange rates that the financial press blandly reports on a daily basis.

Now, everyone’s apparently a dollar bear, though backtrack a few months to December 2010 with the USD Index breaking above 80 and the prevailing mood was turning decidedly bullish, with much talk in the financial press and blogosfear (ignoring dollar perma-bears) for the possibilities of USD rallying all the way to 90, which was not destined to happen as I commented upon at the time that it was a great time to load up with dollar shorts.

My long standing USD analysis (12 Oct 2010 – USD Index Trend Forecast   Into Mid 2011, U.S. Dollar Collapse (Again)? ) concluded in the following   trend expectation for the U.S. Dollar into mid 2011 in that it targets a mid   2011 low of around 69-70. Currently the USD index stands at 73 which puts the   trend firmly inline with the forecast expectations of over 7 months ago.

article source :http://www.marketoracle.co.uk/Article27904.html

Comment :

I am expecting that the dollar will test its all time lows
and maybe even make new lows in any case I then expect as the article says it
to move back up so I see a trade here to the upside but only after it has
tested the lows .I will be buying anywhere below  69.75. I have a mortgage in Euros and I
intended to change it to US Dollar equivalent .

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