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    It's Certain: U.S. Government Shutdown In 2 Weeks

    Carol
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    Post  Carol Tue Feb 22, 2011 2:22 pm

    It's Certain: U.S. Government Shutdown In 2 Weeks
    Possible Crisis At Any Moment Warns Robert Rubin

    February 20, 2011
    Robert Rubin Warns New Deficits Could Result in a Crisis at Any Moment
    Former Treasury Secretary Robert Rubin's warnings about the economy and debt situation are getting louder and louder. Speaking at CME Group’s Global Financial Leadership Conference in Naples, Fla, he warned that Federal deficits are on an unsustainable trajectory, and large state and local budget gaps must be closed. He alsosaid. -Click here>>

    I think the prospects for the United States economy for both the short term and the long term are the most complex and uncertain of my adult lifetime.That obviously creates an extremely difficult decision-making environment for investors, for business people, for policymakers and for our people...

    Substantial new deficits could also lead to sudden and unexpected disruptions in market psychology and, following from that, disruptions in the bond market....
    He also added that a weaker dollar could lead to dangerous competitive devaluations and that those devaluations could lead to financial chaos, or restrictive trade measures elsewhere in the world. Commodity prices are already increasing as a result and could undermined the development of additional demand, he said, but the most serious problem is that the new program of quantitative easing has heightened existing concern that we might, at some point, monetize our debt to try to inflate our way out of our fiscal problems.

    Rubin noted the box the U.S is in given that the politics of deficit reduction are enormously difficult, because the American people do not want tax increases or spending reductions that would affect them.

    http://beforeitsnews.com/story/432/832/Possible_Crisis_At_Any_Moment_Warns_Robert_Rubin.html


    Last edited by Carol on Tue Feb 22, 2011 2:28 pm; edited 1 time in total


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    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    Carol
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    Post  Carol Tue Feb 22, 2011 2:26 pm

    The Great Economic Apocalypse of 2011-2012
    US economy faces a grim outlook in 2011 as Washington's steps taken to handle the financial crisis, including money printing, have put the country on the verge of "bankruptcy," an expert says.

    In an interview with Press TV's Max Keiser, Karl Denninger of market-ticker.org noted that neither Europe's austerity measures nor United States' money printing could solve their economic crisis.

    "They are both wrong in that neither of these elements proposed in taking those people who made bad loans and holding them to account," Denninger said.

    "You have to take these institutions like these banks or whoever has it, and forces them to take the writedowns and mark discredit off," he added.

    "The problem is if you do that they are insolvent. So, we have a political system both in the United States and in Europe that is unwilling to stand up to these bankers and say you are bankrupt," Denninger argued.

    He said that the US has suffered a "total systematic indebtedness to GDP" over the past 30 years that could shape a destiny similar to Greece and Ireland for the US.

    "It's just a question of how long it will go on. And what happens Max is the same thing that happened to Greece and Ireland. Everything seems to be Okay one day and the next morning you wake up and bonds are blowing out and auctions are failing. That has been the history on this crisis and it's going to continue," he concluded.

    A recent study has found that around one hundred US banks, which have been rescued by the federal government, are facing the prospect of bankruptcy again.

    A total of 98 unsteady banks that were bailed out by Washington authorities and received more than $4.2 billion from the Treasury Department under the Troubled Asset Relief Program (TARP) are now sinking toward failure again, a recent analysis of federal data by The Wall Street Journal revealed.

    According to the study, TARP was originally created in the middle of the US financial crisis to help only healthy banks.

    http://www.scribd.com/doc/48595245/The-Great-Economic-Apocalypse-of-2011-2012
    http://beforeitsnews.com/story/432/574/The_Great_Economic_Apocalypse_of_2011-2012.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    JesterTerrestrial
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    Post  JesterTerrestrial Tue Feb 22, 2011 3:07 pm

    WELL ITS GOTTA GO SOMETIME!!! ~♥️~ PEOPLE!!! RISE UP!!! GO!!! ~♥️~ CANADA IS NEXT!!! RUN 2NE!!! WERE GONNA SHUT YOU DOWN!!!Peace JT! cheers






    BREAKING NEWS: US GOVERNMENT SHUTDOWN IN TWO WEEKS?

    http://indianinthemachine.wordpress.com/2011/02/22/breaking-news-us-government-shutdown-in-two-weeks/

     It's Certain: U.S. Government Shutdown In 2 Weeks Broke
    AscendingStarseed
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    Post  AscendingStarseed Wed Feb 23, 2011 7:06 am

    And who BROKE the government?

    Clinton repealed Glass Steagall then Republican leadership encouraged the banks to blow up the housing bubble ultimately destroying the middle class, top that with corporate tax loopholes large enough to drive a semi through, enormous tax breaks for the rich, then two illegal wars with off the books military spending, not allowing medicare to negotiate on prescriptions and the rising cost of healthcare...

    Hmmm and we can't have health care because Republicans spent money like drunken sailors for 8yrs then blamed Obama for the economic collapse? Granted the health care package sucks as it is, but it's a start towards one day having a single payer system - that is once people come back to their senses and get rid of this irresponsible, self centered, mean spirited, bully mentality that's become so predominant on the right. Who are the very same people who haven't done the mental gymnastics to figure out where the problems originate from in the first place.

    Its the banks and corporations that have stolen all the money and they use the media to pump out propaganda programming people to believe government is the problem and we need to shrink it so small it fits in a bathtub...WRONG government isn't the problem, it's the people running the government who are bought and sold by transnational corporations. Shutting down the government is a very serious matter that's going to hurt a lot of people, this "burn it down" mentality is dangerous, ignorant at best.

    lindabaker
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    Post  lindabaker Wed Feb 23, 2011 7:13 am

    Ascending Starseed, I couldn't have put it better. The people all around me think that the present administration are responsible for the Greatest Scheme of All: Goldman Sachs and the Grant Theft. Bill Cooper outlined their plan in his book. It took decades to implement. Not that Obama is perfectly clean, but it was the administration before his that were responsible for the grand theft. Interesting how they have turned it around right in our faces. How easily people are misled. Now, all of the veterans who won't receive their government benefits will be on the front lines. This could be a dangerous time in the US, and most don't know it's coming.
    Carol
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    Post  Carol Wed Feb 23, 2011 2:11 pm

    I've also always thought of the insurance companies as the biggest middleman scam in the US and that all of that money should just go to free health clinics throughout the US. Many of those could have easily been overseen by Public Health Departments with an M.D. as the medical director guarenteeing that care is given with someone who is medically qualified.


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    investigator
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    Post  investigator Wed Feb 23, 2011 2:37 pm

    I'm not a big fan of the current free clinic system, because they just give people worthless drugs, and bad advice most of the time imho.I would prefer free ER trauma care for all, free supplements (zinc, selenium, iodine, magnesium, etc) that are tested to absorb well in digestive system compromised individuals even,free sauna therapy and oral chelation so they can remove the hundreds of carcinogens from their bodies, but no care for preventable diseases. If they want to eat big macs every day, let them accept the consequences for their actions.
    JesterTerrestrial
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    Post  JesterTerrestrial Wed Feb 23, 2011 2:45 pm

    GOVERNMENT = CONTROL OF MIND!!!

    gov·ern
    1. To make and administer the public policy and affairs of; exercise sovereign authority in.
    2. To control the speed or magnitude of; regulate: a valve that governs fuel intake.
    3. To control the actions or behavior of: Govern yourselves like civilized people.
    4. To keep under control; restrain: a student who could not govern his impulses.

    the Latin word mentederived from the Late Latin word mens (mind; reason, intellect)


    Carol
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    Post  Carol Wed Feb 23, 2011 7:17 pm

    I'm not into free drugs either investigator, but the clinics I'd like to see are non-invasive and utilize RAFE, acupuncture, ROSHI, therapeutic massage... along with allopathic for those types of situations that require it.


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol

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