Economic Stories of Relevance in Today's World -- October 28, 2012

Food Stamp Nation: What a Modern Day Bread Line Looks Like (Infographic) - SHTFPlan.com - Mac Slavo - October 25th, 2012

Russian General: “The USSR Collapsed and the Same Fate Has Been Prepared for the USA” - SHTFPlan.com - Mac Slavo - October 2nd, 2012




Army Suicides This Year Exceed 2012 Combat Deaths in Afghanistan - CNSNews.com - Patrick Burke - October 23, 2012 - The number of suicides among U.S. Army active duty and reserve personnel in 2012 is higher than the total combined military fatalities from Operation Enduring Freedom in Afghanistan over the same timeframe.                         Even without Army data for October, the number of deaths believed to be suicides among U.S. Army personnel from January through September still surpass the combined military combat deaths in Afghanistan from January up to October 22.                     In 2012, there have been a total of 247 suspected suicides among Army active and reserve duty personnel. Of those, 158 have been confirmed as suicides and 89 remain under investigation.                    According to the Afghanistan Index database maintained by the Brookings Institution, there have been 222 combined military deaths in 2012 among active and reserve components from “hostile causes,” as of Sept. 28...



Will Frustrated Homeowners And Armed Posses Take Matters Into Their Own Hands As Home Invasions Rise? - The End of the American Dream Blog - Michael - October 22nd, 2012 - Violent crime is on the rise in the United States, and many Americans are totally fed up.  According to the U.S. Bureau of Justice Statistics, the number of household burglaries rose by 14 percent last year, and the overall rate of violent crime in the United States increased by 18 percent during 2011.  Based on what we have seen so far this year, we will almost certainly see another huge increase once the statistics for 2012 are released.  All over the country criminals are becoming bolder.  Meanwhile, police budgets are being slashed from coast to coast.  Things have gotten so bad in some communities that police are openly admitting that crime is completely and totally out of control.  For example, police in Detroit recently handed out flyers with this message: "Enter Detroit at your own risk".  Sadly, you can't even escape the crime and the violence by staying in your own home these days.  Home invasions are becoming increasingly common, and many police departments seem powerless to stop them.  If many of the poorer areas of America today, if you are a victim of a home invasion you will be really lucky to get a police officer to show up a couple of hours later to fill out a report.  A lot of frustrated home owners have had enough and have started to arm themselves to the teeth.  Some have even begun to form armed posses to patrol their own neighborhoods.  We are watching America change right in front of our eyes, and it is frightening to think about what is coming next...


Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing -  The economic Collapse Blog - If you still have a good job, you might want to hold on to it very tightly because there are a whole bunch of signs that unemployment in the United States is about to start getting worse again.  Over the past several weeks, a substantial number of large corporations have announced disappointing earnings for the third quarter.  Many of those large corporations are also loaded up with huge amounts of debt.  So what is the solution?  Well, the favorite solution on Wall Street these days seems to be to lay off workers.  In fact, it is almost turning into a feeding frenzy.  Since September 1st, we have seen more job cuts announced than during any other two month period since the start of 2010.  These announcements represent future layoffs and job losses which are not even showing up in the unemployment numbers yet.  So needless to say, things don't look very promising for the end of 2012 or for the beginning of 2013.  If this race to eliminate jobs becomes a stampede, will we see the bottom fall out of the employment market?                           If you are concerned about whether or not you will still have a job 12 months from now, you might find the numbers posted below to be quite alarming.  We have not seen layoff announcements come this fast and this furious since the gloomy days of the last recession....

GDP - The Warning Signs From Exports - Street Talk Live - Lance Roberts - October 27, 2012 - Over the past several months we have been discussing that this is no longer your "father's economy."  What we have meant by this is the economic environment today is vastly different than that which most of our parents grew up in.  We recently discussed in "Debt: Driving Our Economy Since 1980" that: "From the 1950’s through the late 1970’s...the U.S. was the manufacturing and production powerhouse of the entire global economy post the wide spread devastation of Europe, Germany and Japan during WWII.  The rebuilding of Europe and Japan, combined with the years of pent up demand for goods domestically, led to a strongly growing economy and increased personal savings.  However, beginning in 1980 the world changed.  The development of communications shrank the global marketplace while the rise of technology allowed the U.S. to embark upon a massive shift to export manufacturing to the lowest cost provider in order to import cheaper goods."             The importance of this shift in the U.S. from away from being the epicenter of global production and manufacturing to a service and finance based economy should not be overlooked.  This transition is responsible for the issues that are impeding economic growth in the U.S. today from structural unemployment, declining wage growth and lower economic prosperity.  The four-panel chart below gives you a visualization of this transition showing the year-over-year change in the data, with the exception of the personal savings rate which is linear, prior and post-1980... 

Derivative Meltdown and Dollar Collapse - Daily Business Report James Hall - October 17, 2012

The frightening prospects from a derivative meltdown, well known for years, seem to deepen with every measure to prop up a failing international financial system. The essay Greed is Good, but Derivatives are Better, characterizes the gamble game in this fashion:

"The elegance of derivatives is that the rules that defy nature are not involved in intangible swaps. The basic value in the payment from the risk is always dumped on the back of the taxpayer. Ponzi schemes are legal when government croupiers spin loaded balls on their fudged roulette tables."

Under conventional international trading settlement, the world reserve currency is the Dollar. The loss of confidence in the Federal Reserve System causes a corresponding decline in value in U. S Treasury obligations. Add into this risk equation, derivative instruments that are deadly threats that can well destroy national currencies. One such response to this unchecked danger can be found in a Bloomberg Businessweek perceptive article, A Shortage of Bonds to Back Derivatives Bets, makes a stark forecast.

"Starting next year, new rules will force banks, hedge funds, and other traders to back up more of their bets in the $648 trillion derivatives market by posting collateral. While the rules are designed to prevent another financial meltdown, a shortage of Treasury bonds and other top-rated debt to use as collateral may undermine the effort to make the system safer."

However, what happens when buyers of Treasury notes abandon the reoccurring cycle of rollover debt and stop buying new T-Bonds? Take the Chinese example as a template for things to come. China's yuan hits record high amid US pressure, "The Yuan touched an intraday high of nearly 6.2640 to $1.0, according to the China Foreign Exchange Trade System, marking the highest level since 1994 when the country launched its modern foreign exchange market."

10 questions with Dr. Joseph Inglefield - Candidate NC 42nd District Senate Seat 2012 - Candidate for Hickory Mayor 2013

Dr. Joseph (Jody) Inglefield is a candidate for the North Carolina 42nd District Senate Seat. He has become a friend over the last 4 years and is one of the original mailing list members of the Hickory Hound. He sent me letters of support and encouragement from the beginning. Dr. Inglefield took a leading role in bringing attention to the loss of the Public Swimming Pools here in Hickory that we believe are important parts of the fabric of the lower socio-economic communities. He and his wife Rebecca are fellow participants in the Citizens for Equity in Government. In the beginning of the Hickory Hound I attempted to get local leaders to participate in this 10 Questions series so that we could get to know them better, but I met resistance, because most people are reticent to go on the record about issues in a constructive and thorough manner. I believe that they deem it risky. These questions are the same for everyone who participates in this series and there is no critique of the answers. I am very grateful to Dr. Inglefield for participating in this series. Anyone who wants to participate is free to do so. Please feel free to contact me at hickoryhound@gmail.com
  
1) Can you give us some background and a history of yourself? (Where were you born? What is your educational background? Why did you come to or stay in Hickory? Tell us about your professional accomplishments?  My family came from England, Germany, and Wales to Pittsburg, Pa. where both my parents were born in Duquesne, Pa. My paternal grandfather was a bricklayer and maternal grandfather a machinist. My paternal grandmother was a pianist, organist and kindergarten teacher. My parents were high school sweethearts, married before my father went to medical school, the first male college graduate in our family.

I was born in Rochester, NY. where my father was in school, and subsequently he served in the US Army, taking us all over the country: Texas, Hawaii, New Mexico. We ended up in Danville, Pa., where my father was a pediatrician at Geisinger Medical Center, for most of my elementary and junior high school years. As the oldest brother of six, we moved to Arlington, Va. where I began high school. I was a competitive swimmer from age eight onward, state champion in several events in Pennsylvania YMCA swimming. Swimming and then water polo were big parts of my life and still are important to me. 

I attended Washington-Lee high school in Arlington, then Langley High School (yes, right next to the CIA) in McLean, finishing my high school years at St. Albans School on the National Cathedral grounds in Washington, DC. St. Albans was an incredible experience for me, changing my life and leading me in directions I would only later realize were so important. I was surrounded by politics, watching the Watergate hearings, having classes with sons and daughters of Congress members. Chapel every morning, football and swim practices in the afternoon all shaped my discipline and work ethic. The academic challenges and competition prepared me for the future. I thrived in that place, was elected Senior class president, despite starting as a junior, leading to a nomination for the Morehead-Cain scholarship to University of North Carolina at Chapel Hill.

Before classes started freshman year I met my future wife Rebecca thanks to a water polo friend who had met her roommate. I fell in love with her and North Carolina. 

At UNC, I swam for the varsity team and was an NCAA championship qualifier. I started the UNC water polo club, which is still active. Now my son Thacher plays as a junior. As a Morehead-Cain Scholar I spent a summer with the police department in Charlotte, getting an inside look at the criminal justice system. I was a history major with a special interest in European and American history. My pre-medical studies helped me receive early admission to Medical College of Virginia in Richmond, part of Virginia Commonwealth University. It was a great place to be a medical student and I decided to head to San Antonio Texas for my Pediatric and Allergy training. 

In Texas, I felt at home with the Arneson family; Rebecca's mother had grown up in San Antonio, with relatives at hand, the hard work whisked by for 5 years. The Riverwalk was a reminder of the Works Projects Administration, and its importance to our nation with projects like this and the Blue Ridge Parkway in NC. The Arneson River Theatre is named for Rebecca's grandfather. Rebecca switched from writing code for computers to law school where she excelled at St. Mary's University, making law review, and being offered a clerkship with a federal judge in Norfolk, Va. I was then able to pass the tests and verbal exam to be double boarded in Pediatrics and Allergy and Immunology. 

Soon after we moved to Virginia, Dr. Millie Hancock called with an offer to take over her practice. Shortly after my visit with her in Hickory, Dr. Hancock called to see if I could work the next day for her because her husband had suffered a heart attack. I drove through the night to arrive and see patients the next morning. It is rare to get to "test drive" a medical practice, which is what happened, and I was convinced this was the right place to move. Rebecca was offered a position in Statesville so we moved to her home town to begin our work. After ten years commuting to Hickory, we decided to move and built our home in Hickory. Son Thacher started first grade at Viewmont elementary; daughter Park preschool at the new YMCA child care center. 

My practice has grown from three employees to twenty which has allowed the Hickory Allergy Asthma Sinus Clinic and Cough Center to be one of the best known practices in the area. We do our best to offer the personalized care our patients and their families deserve. 

2) Tell us about the accomplishments you are proudest of achieving in your life? The development of my practice into one that is respected and one of the most influential in the Southeast USA. The use and development of "Rush Immunotherapy" in our practice makes us unique and far ahead in terms of patient satisfaction. "Rush" allows a patient to reach a safe and effective level of treatment for their allergies faster than traditional methods. We are able to innovate and be quick to change our approaches as newer medications and technology become available. We have an in-office CT scanner for sinuses that is fully credentialed, and I believe we are the only allergy practice in NC that has this to offer. 

What’s the most exciting thing you saw/did/experienced/were a part of in your personal life?
Playing water polo in the FINA World Championships in 2004, 2006, 2010(Silver medal) and 2012. Beating the UNC club team at their own tournament in 2011. Winning Master's national championship in our age-group in 2011 and 2008, with KAOS our club team made up of players from all over the country and world. Getting to swim at Greensboro's Master's swimming national championship this year with friends and a teammate from college on two relays that placed 6th in the country. Learning to ski two years ago, great challenge and exercise.

In your professional life?
Presenting papers on the use of "Rush Immunotherapy" at national meetings and being elected as governor of the South East region, for the state and local allergy societies(RSLs). Serving as President of the NC Allergy society for many years. 

Being called and elected to Session at my church, Northminster Presbyterian Church, and as the Clerk of Session. It was a very important opportunity that I will value in many ways both spiritually and in all the decisions I make as time moves forward. Attending bible study weekly, worshipping at church and Sunday school have helped me strengthen my beliefs and direction in life.

3) If I were to ask people that know you to describe you what would they say?
"He's a fun guy"

4) How much bearing do the opinions of the people around you have on your decisions?
I am a listener, so what other people say and think are very important to me and are part of my decision making process. I value opinions and look for guidance from others. I like to think carefully throughout the process of making a decision, by gathering data, brainstorming with others , and then I try to make the best decision with the information that is available.

5) Can you tell us of a professional mistake that you have made that may have had an impact on who you are today?  I have been fortunate and have not had any major devastating error. It is a constant worry and takes vigilance on a minute to minute basis to avoid. Minor errors have happened but by grace only, nothing became a terrible outcome. 

Does it still bother you? Yes, but I don't let this stop me or paralyze me. I come to grips with all errors by looking for the reasons, so the problem won't happen again. Most errors or irritations are completely my own fault, and I can spend time to make things better or more precisely change the system that resulted in the error. Being flexible and learning from mistakes helps prevent future problems. Questioning why we do things and the impact of changing those old habits or processes is how I try to improve and guard against errors.

6) If you were given enough money to tackle one project (think nearly unlimited) that you felt was important to the Hickory Area, what would that issue be? Make things more fun! Obesity, and all the reasons it happens, and the way a community with the right approach could make a difference for most people through good public health initiatives, healthy eating, education, and recreation. For me a big part of this would be swimming and aquatics which can be a lifetime activity. I want to prevent all drowning, and give everyone the pleasure of swimming and playing safely in water. Sustainable programming for the prevention of disease and maintenance of health is important to the local economy and will attract jobs. Public transportation, wide sidewalks, safe cycling, light rail to Charlotte, Raleigh and Asheville would be a part of the plan to get out and walk more. It has to be fun to be sustainable.

7) Let’s say there is no money available for the foreseeable future. What one project (priority) would you push as part of your agenda that can be done with little or no money?
Provide fun and better programming for the facilities we already possess. Collaborate with the resources we have to make the most of what is here like the Recreation department, YMCA, CVCC, and LRU.

8) What is your overall philosophy of the development of this area? Where would you like to see us in 5 years? 10 years? 20 years?
(5 years) - More jobs! due to a resurgence of manufacturing in the area. July 2012 we had only 65,621 employed people in Catawba county, 2005 we had 72,470 after the dot com recovery, 2000 we had 78514 at our boom peak, and 1990 we had 68829. We have fewer jobs now than 22 years ago!! Who has been in office from our area? This is a disgrace and lack of leadership. I don't think this a Republican or Democratic issue, this is a lack of leadership on behalf of the citizens of Catawba county. 

(10 years) - Better paying high skill jobs that require less manual, repetitive, mind-dulling labor but involve technical skills and thinking to solve problems and make things work. Regional airlines at our airport. Why not Southwest, it would draw everyone here from Charlotte. 

(20 years) - Mature community with a wealth of life-supporting jobs, spectacular recreation facilities, and equality with level playing field for all the kids and families. Young people wanting to stay and raise their families here.

9) If you could define your Personal Legacy what would you like it to be?
To leave things better than I found them.
What would you like to be remembered for?
That I was a good doctor, I had good friends and family, that I cared and stood up for all people.

10) How do you define Leadership?
Leadership is like respect, it needs to be earned. You need to listen, get the best information you can, surround yourself with smart, talented people and with their help, show up and make a difference. Be willing to be courageous, and expect to be attacked, but be willing to be persistent and uncompromising of your true values. Questioning and speaking up when it is hard to do is a necessity of good leadership. Being ready to admit your own mistakes and not blaming others will engender loyalty and respect of those who follow you.

Cliff Moone's Campaign Podcasts

Cliff Moone Campaign Podcast Ep 1 - First Campaign podcast for the Cliff Moone for NC House 96





Cliff Moone Campaign Podcast Ep 2 - Cliff Moone Campaign Podcast- Who is Cliff Moone?





Cliff Moone Campaign Podcast Ep 3 - "Coercive Surveys"




Cliff Moone Campaign Podcast Ep 4 - What type of future do we want for the 96th district?




Cliff Moone Campaign Podcast Ep 5 - The Bottom line of a Land Deal

I've been sick and needed to slow down - The Election

Got the sinus funk like so many others. Thought I could ward it off, but in the end wasn't able to. Really felt rough yesterday. Tried to rest the last couple of days... probably slept 13 hours yesterday. Feeling better today. Going to go drink some coffee and try and get back at it.

Not much to report heading into the election. On the Presidential ticket I will be supporting Romney. Not enthralled with many of his policies, but we know what we are getting with Obama, which is four more years of nothing. The man doesn't understand leadership. The man doesn't understand economics.

For Governor, I will take Pat McCrory. He should have been Governor four years ago. He was the Mayor of Charlotte when it was booming. I also think it is time that we have a Governor from the Western side of North Carolina, who will look out for some western interests instead of sending everything down east. How many times has Bev Purdue ventured to this side of the state. How many times did her predecessors come this way. It is time for a change.

I will be voting for Congressman McHenry, he is my representative, but it is insane the way that these congressional districts are drawn here in Hickory. Mr. McHenry has voted the way that I would on most every issue. I just hope that he will take a look at getting us out of Afghanistan and the Middle East, because those are untenable situations. And it is time to reel the Mega-Banks and Wall Street in because they do not represent our nations interests and/or sovereignty.

Where I will break from the Republicans is on the local level. I have gotten to know Jody Inglefield and Cliff Moone and they are men of principle and integrity. They aren't some kind of bug eyed Liberals. They are actually quite conservative when it comes to fiscal policy, but folks we have to have growth. We have to invest in the future.

I haven't heard much about Mr. Wells policies and I haven't even really seen him run any sort of campaign. As for Mr. Allran, if you are going to spend half your life doing something, shouldn't you have a record of accomplishments to stand on? It is time for a reality check here in our area. We have been taken for granted that the Republican will automatically be elected for too long, especially when the Republican isn't doing anything to support the growth of the people in our area.

I am a proud Constitutional Republican - Over and Out!!!

Economic Stories of Relevance in Today's World -- October 21, 2012

U.S. News: Middle-Class Decline Saps the Future - Newsmax - John Morgan - October 18, 2012 -  The decline of the middle class is fundamentally reshaping the U.S. economy, with unwanted repercussions for higher education, government and the future, according to an analysis by U.S. News & World Report.                     Even the middle class’s health has suffered, U.S. News said.             “Their economic future isn’t very bright,” said Timothy Smeeding, director of a poverty research center at the University of Wisconsin-Madison. “Wages and income are flat. Transportation, childcare costs and healthcare costs are going up, and your income isn’t.”                   The definition of “middle class” varies. The New York Times reported that the Tax Policy Center placed the median household income at $42,000 in 2011, while the Census Bureau tagged it at $50,000.                  “These people live on earnings,” Smeeding said. “They’re working on not great wages and their jobs are threatened. They don’t see any hope in the future of things getting better.”                      A recent survey of self-described middle-class adults by the Pew Research Center found 85 percent of them believed it was more difficult now than a decade ago to maintain their standard of living. Most of them (62 percent) said “a lot” of the blame lies with Congress, while 54 percent said banks and financial institutions were to blame, 47 percent blamed large corporations and 34 percent blamed the Obama administration.                          The middle class shrank from 61 percent of the population in 1971 to 51 percent by 2011, the Pew report said. U.S. News said the income declines have led to higher levels of household debt from expenditures such as college.


Ahead of Election, Obama Stops Releasing ‘Stimulus’ Reports - The Weekly Standard - JEFFREY H. ANDERSON - October 19, 2012 - The $831,000,000,000 economic “stimulus” that President Obama spearheaded and signed into law requires his administration to release quarterly reports on its effects. But “the most transparent administration in the history of our country” is now four reports behind schedule and has so far not released any reports whatsoever in 2012. Its most recent quarterly report is for the quarter than ended on June 30, 2011....                     Section 1513 of the American Recovery and Reinvestment Act of 2009 (the “stimulus”) explicitly states, “In consultation with the Director of the Office of Management and Budget and the Secretary of the Treasury, the Chairperson of the Council of Economic Advisers shall submit quarterly reports to the Committees on Appropriations of the Senate and House of Representatives that detail the impact of programs funded through covered funds on employment, estimated economic growth, and other key economic indicators.”...                 In other words, the Obama administration is required by law to submit quarterly reports on the “stimulus” through the third quarter of 2013.  Yet the administration has apparently found it more convenient to stop after the second quarter of 2011 — more than two years early.  Or perhaps it has just decided to put the release of these reports on hold until after the election.  Either way, the Obama administration is now in violation of the president’s most prominent piece of legislation this side of Obamacare.


Obama: ‘We Got Back Every Dime’ of Bailout; CBO: Bailout Will Lose $24 Billion - CNS News - Matt Cover - October 15, 2012 - President Barack Obama said on Thursday that “we got back every dime we used to rescue the financial system."                    According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout.                    “We got back every dime we used to rescue the financial system, but we also passed a historic law to end taxpayer-funded Wall Street bailouts for good,” Obama said in Miami Thursday.                 The Congressional Budget Office--based on figures from Obama’s own Office of Management and Budget---gives a different assessment.                  "The cost to the federal government of the TARP’s transactions (also referred to as the subsidy cost), including grants for mortgage programs that have not yet been made, will amount to $24 billion,” said the CBO report, which was released on the same day Obama spoke.

Report: Welfare government’s single largest budget item in FY 2011 at approx. $1.03 trillion  - The Daily Caller - Caroline May - October 18, 2012 - The government spent approximately $1.03 trillion on 83 means-tested federal welfare programs in fiscal year 2011 alone — a price tag that makes welfare that year the government’s largest expenditure, according to new data released by the Republican side of the Senate Budget Committee.                      The total sum taxpayers spent on federal welfare programs was derived from a new Congressional Research Service (CRS) report on federal welfare spending — which topped out at $745.84 billion for fiscal year 2011 — combined with an analysis from the Republican Senate Budget Committee staff of state spending on federal welfare programs (based on “The Oxford Handbook of State and Local Government Finance”), which reached $282.7 billion in fiscal year 2011.                     The data excludes spending on Social Security, Medicare, means-tested health care for veterans without service-connected disabilities, and the means-tested veterans pension program.               According to the CRS report, which focused solely on federal spending for federal welfare programs, spending on federal welfare programs increased $563.413 billion in fiscal year 2008 to $745.84 billion in fiscal year 2011 — a 32 percent increase.


55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know -  The Economic Collapse Blog - The future of the United States of America is being systematically destroyed by our politicians, but unfortunately most Americans don't really grasp exactly what is happening. 30 years ago, our national debt had just crossed the one trillion dollar mark. Just recently, it crossed the 16 trillion dollar mark. Prior to every election, politicians from both parties swear up and down that they will do something about our exploding debt, but it never happens. Once again this year, our politicians are making all kinds of grand promises about getting U.S. government finances under control. But they are also promising all kinds of new plans and programs which are going to cost a lot more money on top of what we are already spending. For the average American, all of this can be incredibly confusing. That is why I have put together a list of facts about the debt and U.S. government finances below. These are things that every voter should know. The federal government is stealing more than a trillion dollars a year from our children and our grandchildren, and they are spending that money in some of the most foolish ways that you could ever imagine. We have accumulated the largest mountain of debt in the history of the world, but our politicians just can't help themselves - they appear to be absolutely addicted to spending money. If we continue on the path that we are currently on, our entire financial system and our entire economy will be destroyed by all of this debt. Time is running out and urgent action is needed to address this crisis...



There Is A Staggering Amount Of Feces In Our Food - The End of the American Dream Blog - Michael Snyder - October 15th, 2012 - Most Americans are eating significant amounts of feces on a regular basis without even realizing it.  You might not mind this, but most people out there would not willingly eat feces if they could avoid it.  Not only is it disgusting, but feces is also a breeding ground for all kinds of dangerous diseases.  Unfortunately, as a result of the never ending quest to cut prices even lower more of our food is being imported from overseas than ever before.  Many of those countries do not have the same health standards that we do in the United States.  In fact, many farmers in those countries actually feed feces to their fish and to their animals since it is so inexpensive.  If you are eating seafood that was imported from Asia, there is a very good chance that it was raised on pig feces.  Not only that, the truth is that a lot of the poultry that comes from Southeast Asia is also raised on pig feces.  The FDA has rejected thousands of food shipments from Asia in recent years due to fecal contamination, but the FDA inspects less than 3 percent of all imported food.  So what are we to conclude about the other 97 percent of all food imports that the FDA did not inspect?                   A recent Bloomberg article entitled "Asian Seafood Raised on Pig Feces Approved for U.S. Consumers" explained that much of the seafood that is imported to the United States from Asia is actually raised on pig feces.               A lot of people were grossed out by that article, but there have been no calls for a congressional investigation.  There have been no calls to cut off food imports from Asia.  Most people will forget about all of this in a few weeks and will continue to consume large amounts of imported crap.                    The Bloomberg article also talked about the fact that less than 3 percent of all imported food is inspected by the FDA...



Brookings Institute - Brookings Institute On Looming Fiscal Cliff: Little Room for Optimism - Mish's Global Economic Trend Analysis - October 18, 2012

       

Jim Rogers: Watch out for 2013-14 - We can't avoid Recession - October 20, 2012        
 

Ron Paul: The Real Bear Market Started in 2000

 

North Carolina Representative Walter Jones has common sense

I like Walter Jones. I support Walter Jones. He thinks we need to pull back from the Middle East and Afghanistan. I don't think most people on either side think about why or why we shouldn't be over there any more. If you don't have a clear thought as to why we should be there, then it is time to get out of there. We can't afford this any more. We are broke. Which part of that are people having a hard time understanding.

We are making the same mistakes that the Soviets made in Afghanistand. We don't need World War 3. I have a feeling that it would eventually turn nuclear in some form or fashion. Are you prepared for that?

Max Keiser talks about the Banking Mafia that rules the World

http://maxkeiser.com/

http://www.infowarsmoneybomb.com