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I just received a notice from WND where they cite a newspaper article quoting a terrorist who is behind the rocket attacks on Israel.
When the terrorist was asked why they couldn't aim their rockets better, the terrorist said, "Their God is re-directing our rockets".
Praise God. He said He would protect Israel. God doesn't lie. Those terrorists actually acknowledge "Their God". You'd think they would actually turn to this powerful God. I hope they do!
Not sure if we're digging ourselves out of this one. I think it's too late and Obastard has put the nail in the coffin just as has been planned and yet, many stupid Americans refuse to WAKE UP
Exactly 70 years ago to the day, hundreds of delegates from 44 nations were busy at work in Bretton Woods, New Hampshire creating a brand new financial system.
World War II had just ended. Europe was in ruin.
And since the US was simultaneously the largest economy in the world, the primary victor in the war, and the only major power with its productive capacity intact, it was easy to dictate terms: the dollar would dominate the new system.
Every nation would hold dollars as the primary reserve currency, and the dollar would be redeemable for gold at $35/ounce.
Also, global commerce would be conducted and settled in dollars, and these settlements would clear through the US banking system.
Naturally this created substantial demand from foreign governments who needed to begin accumulating dollars for trade and reserves.
So through a variety of programs, from the Marshall Plan to the IMF and World Bank, the US began flooding the world with dollars.
Initially everything went according to plan.
But soon the US government realized something important– foreign demand for the dollar was so strong that they could get away with printing more dollars than they had gold.
This allowed them to run all sorts of deficits and spending initiatives– more war, more welfare, more waste… all with minimal accountability.
Initially the consequences were insignificant.
Sure, the price of gold in London was a few dollars higher than in the US (they called this the ‘gold window’).
But demand for the dollar was still strong. So why bother changing?
By 1971, the situation had gotten far worse. Another decade of war, excessive spending, trade deficits, and money printing had pushed many foreign nations to their breaking points.
Foreign nations’ dollar reserves far exceeded the US government’s gold holdings. And with confidence waning, many began redeeming their dollars for gold.
Only days later, Richard Nixon put a stop to this and unilaterally terminated the US dollar’s convertibility to gold.
Think about the magnitude of this decision: Nixon was effectively defaulting on US obligations to the rest of the world– a complete betrayal of their trust.
Yet despite this massive shock that reset the global financial system, the dollar somehow managed to remain the world’s #1 reserve currency.
You’d think they would have been grateful, thanking their lucky stars that the rest of the world gave them a second chance. But no.
Over the past 43 years, the US has continued to print, devalue, and mismanage the dollar.
•Along the way, they’ve created epic bubbles and financial shocks.
•They’ve run up the biggest deficits and debt levels ever seen in the history of the world.
•They’ve bickered internally to the point of shutting down government.
•They’ve passed arrogant, painful regulations and commanded the rest of the world to comply under threats tantamount to financial homicide.
•They’ve unleashed their tax and securities authorities to terrorize anyone doing business with the US.
•They’ve totally ignored foreign pleas to restructure the IMF and World Bank.
•They’ve slammed foreign banks with record fines simply for doing business with nations that the US doesn’t like.
•They’ve waged pointless wars. They’ve spied on their allies. They’ve meddled in other nations’ affairs.
•And they’ve demonstrated absolutely no willingness or ability to improve.
Simply put, other nations are done. Fed up, really. And it’s not just words.
Consider that in a matter of months, the US will be overtaken by China as the world’s largest economy.
Not to mention, the total combined GDPs of China, India, Russia, and Brazil are roughly the same as the US and EU combined.
Just as the US was the biggest player back in 1944, China is the biggest player today. So it seems clear that the renminbi will become a critical component of a new financial system.
The renminbi already has experienced rapid growth as a dollar alternative for trade; in May, cross-border settlement surged 52% from the year prior.
Renminbi settlement banks are being set up from London to Canada, and the central banks of both France and Luxembourg have signed agreements for renminbi clearing.
There have already been numerous Western companies (like McDonalds) that have issued renminbi-denominated bonds.
And even the provincial government of British Columbia issued a renminbi bond earlier this year. It was a whopping five times oversubscribed.
I’d expect within the next 2-3 years we’ll start seeing trade settlement in renminbi, even when none of the parties are in China.
Today, for example, a transaction between a Paraguayan merchant and a company in Angola will likely settle in US dollars.
Soon, I think we’ll start seeing that transaction done in renminbi. And once that happens, you’ll know it’s game over for the dollar.
Shortly after, national governments in western countries will issue renminbi bonds (perhaps Greece or Portugal will be first). And eventually, even the US government itself.
Today, 70 years after Bretton Woods, leaders from China, Russia, India, Brazil, South Africa, and several other nations are hard at work in Fortaleza, Brazil creating a new development bank that will compete against the US-controlled World Bank.
This is a major step in an obvious trend towards a new financial system. Every shred of objective data is SCREAMING for this to happen.
It’s a different world. Everyone realizes it except for the US government, which is still living in the past where they’re #1 and get to call all the shots.
The consequences of missing this boat are enormous, and it’s going to be a rude awakening for anyone not paying attention.
Associated Press reports:
Congressional investigators using fake identities were able to obtain taxpayer-subsidized health insurance under President Barack Obama's law, according to testimony to be delivered Wednesday.
The nonpartisan Government Accountability Office says its undercover investigators were able to get subsidized health care under fake names in 11 out of 18 attempts...
The Obama administration says six of the GAO's fake online applications were blocked by eligibility checks built into computer systems at HealthCare.gov. But the GAO says its undercover agents found a way around that, and were able to enroll anyway...
Among the findings:
—Contractors processing applications for the government told the GAO that their role was not to ferret out potential fraud.
—Five of six bogus phone applications went through successfully. The one exception involved an applicant who refused to provide a Social Security number.
—Six online applications were snagged by an identity checking system. But investigators just dialed a call center and all six were approved. That seemed to be an open pathway to coverage.
—The GAO also tried to check the reliability of counselors providing in-person assistance. In five out of six cases, investigators were unable to get help. In the final case, the counselor correctly told the undercover investigator that their stated income would not entitle them to subsidized coverage.
The Obamacare bureaucracy disclosed earlier this month that 2.6 million of their 8 million applicants submitted bogus data which does not match government records, but they are still spending taxpayer money to buy them insurance.
Who are making these false applications?
The recent Commonwealth Fund poll of Obamacare dependents suggests that they are folks lying about their income to qualify for Medicaid or exchange subsidies and illegal aliens.
This should be no surprise. Project Veritas busted the government's own Obamacare navigators months ago for instructing applicants how to commit fraud:
The best laid plans of mice and socialists.
We should get behind this man
Businessman David Perdue Scores Big Upset Victory In Georgia Republican Senate Primary Runoff
By Julia Cannon 8 hours ago
Self-described "outsider" candidate David Perdue claimed an unexpected victory in Georgia's Republican U.S. Senate primary runoff after a brutal, nine-week intra-party fight against his competitor, U.S. Rep. Jack Kingston.
The results were tight throughout the night, hovering around 50-50 throughout, but the businessman Perdue ultimately secured 50.9% of the vote, according to The Associated Press. Kingston, an 11-term congressman lagged behind by 1.7%, finishing with 49.1% of the final tally.
Perdue claimed victory in front of an enthusiastic crowd in Buckhead, Georgia, and spoke of the potential he sees should he win the Senate seat in November.
"The good news is there's an alternative: Limited government, economic opportunity... and a health care system that works for Georgians, he said. "We cannot give Harry Reid one more vote in this U.S. Senate. ... That cannot stand."
?????? Sending troops south of the border to stop illegals???? Um....Why not just stay on US Soil and enforce the law from own country?
I'm sure the cartels won't take down any of our guys right?
Again, putting Americans in harms way for people that aren't even citizens. So assbackwards
House Republicans moved to tackle the border crisis at the source Wednesday, proposing to set up repatriation centers in Central American countries to help send back the wave of unaccompanied illegal immigrant children arriving in the U.S.
The plan called for an aggressive public relations campaign in El Salvador, Guatemala and Honduras to discourage families from sending their children on the long journey to America, as well as establishing border security measures not just in the U.S. but in those Central American countries and Mexico.
SEE ALSO: House task force to recommend National Guard on border, faster deportations
These dramatic steps on foreign soil were part of a $1.5 billion plan drawn up by a House GOP task force.
House Speaker John A. Boehner, Ohio Republican, organized the task force to craft an alternative to President Obama’s request for $3.7 billion to address the crisis, which was widely criticized as excessive and pronounced dead on arrival in Congress.
Rep. Kay Granger, the Texas Republican who led the task force, called the proposed measures “common-sense, compassionate but tough solutions.”
“Our focus has been to ensure the safety of the children and it has remained a top priority throughout this process,” she said. “In our personal meetings with the presidents of Honduras and Guatemala they both stated that they wanted their children back, and we believe that is in the best interest of all the countries involved in this crisis.”
Under the plan, the U.S. also would accelerate immigration hearings for the children flooding across the Southern border, provide additional judges to hear requests for asylum, and house the children close to where they enter the country in Texas and Arizona.
The proposals have almost no chance of passing through Congress. The plan faces strong opposition in the GOP-controlled House and even stiffer resistance in the Democrat-run Senate.
Democrats railed against the task force’s proposal to change a 2008 law that delays immigration hearings for children from Central America, which is home to most of the 57,000 unaccompanied children who have arrived illegally in the U.S. so far this year.
The law, known as the William Wilberforce Trafficking Victims Protection Reauthorization Act, was intended to protect Central American children from human trafficking, but critics say it has become a foothold and incentive for Central American children coming to the U.S.
President Obama and House Minority Leader Nancy Pelosi, California Democrat, supported changing the law until abruptly reversing their stance after hearing strong opposition from the Congressional Hispanic Caucus and pro-immigration groups.
Mr. Boehner wrote to the president, pressing him to restore his support for changing the law.
“Frankly, it is difficult to see how we can make progress on this issue without strong, public support from the White House for much-needed reforms, including changes to the 2008 law,” wrote the speaker.
Signaling that the crisis wouldn’t end any time soon, the Pentagon announced it will freeing up additional space for housing up to 5,000 more of the unaccompanied alien children at military facilities through the end of the year.
The Obama administration turned to the military to house the children after repeatedly encountering opposition in communities slated for shelter sites, including in Maryland and Virginia
Read more: http://www.washingtontimes.com/news/2014...
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