Jun 142013
 

obama-kenya-in01-wide-horizontal1-450x288Front Page Mag: “President Obama and his family will be going to Africa later this month. But the trip won’t be cheap; it’s expected to cost American taxpayers $60 to $100 million, according to the Washington Post.

When President Obama makes his first extended trip to sub-Saharan Africa later this month, the federal agencies charged with keeping him safe won’t be taking any chances. Hundreds of U.S. Secret Service agents will be dispatched to secure facilities in Senegal, South Africa, and Tanzania. A Navy aircraft carrier or amphibious ship, with a fully staffed medical trauma center, will be stationed offshore in case of emergency,” reports the Post.”

Opinion: 106,954,000,000,000

That gargantuan number represents the national debt, including unfunded liabilities. (unfunded liabilities are defined as potential or actual debts for which no current funding is available – translation, bankrupt).

National Review online (link below) reported that White House chief of staff Dennis McDonough, congressional liaison Rob Nabors, and other Obama officials came into initial meetings with Republican Ron Johnson and other Republicans to define how big the entitlement problem really is.

The White House officials reiterated the president’s position that $4 trillion in deficit reduction would basically solve the problem for now.

So go ahead, Mr. President. Senegal and Tanzania are that important.

http://www.nationalreview.com/article/350983/ron-johnsons-transformative-proposal-jonathan-strong

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Jun 032013
 

MSN: “Thanks, Japan. Now we know what the crash that we’re all so afraid of once the Federal Reserve stops flooding the financial markets with cash will look like, and how it will begin. The 7.3% plunge in the Nikkei 225 index on May 23 — with a total drop of 13% from the May 22 close to the May 30 close — is a dry run for that future crash.

So, let’s not look a gift crash in the mouth.”

A pedestrian holding an umbrella walks past a stock quotation board in Tokyo on May 30 © Yuya Shino Reuters

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 Posted by at 11:54 AM
May 302013
 

CNBC: “The U.S dollar is shrinking as a percentage of the world’s currency supply, raising concerns that the greenback is about to see its long run as the world’s premier denomination come to an end.

When compared to its peers, the dollar has drifted to a 15-year low, according to the International Monetary Fund, indicating that more countries are willing to use other currencies to do business.

While the American currency still reigns supreme — it constitutes $3.72 trillion, or 62 percent, of the $6 trillion in allocated foreign exchange holdings by the world’s central banks — the Japanese yen, Swiss franc and what the IMF classifies as “other currencies” such as the Chinese yuan are gaining.”

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Opinion: 1 trillion dollar deficits + 16.8 trillion dollar national debt + 2.2 trillion created (Federal Reserve) dollars = US dollar catastrophe ahead.

The debasement of the US dollar, the world’s reserve currency, may be the catalyst to lead the world into an even larger economic meltdown ushering in the Rider on the Black Horse.

The danger here is that when a government creates money it devalues existing dollars, causing its citizens to use more and more money to buy the same goods and services. That is inflation and it can happen suddenly.

It can also quickly get out of control causing the proverbial ‘wheelbarrow full of money to buy a loaf of bread’ scenario. And that is precisely what Revelation 6:5-6, the Rider on the Black Horse, says will happen during the 7 year tribulation period.

“So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand. And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius (1 day’s food); and do not harm the oil and the wine” (the wealthy scarcely feel the pinch).

Here is the good news, we are not here for that.

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May 202013
 
Penny Pritzker: Obama's Worst Insult to His Left-Wing Base

Breitbart: “Though the position for which she has been nominated, Secretary of Commerce, often goes to a presidential crony or political insider, Pritzker would exceed all her predecessors and peers with her shocking record of cronyism and failure. Pritzker ran Superior Bank into the ground by dealing in sub-prime mortgages. As Breitbart News noted recently,

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May 112013
 
IRS vs. Conservatives: Corruption Or Incompetence

Investors Business Daily Op-Ed: “We’re supposed to believe “low-level workers” are behind IRS abuse of conservatives. But this White House has used the IRS against political enemies  before. ‘I’m not good at math,” said an apologetic director of the Internal Revenue Service’s tax-exempt entities division on Friday, after the agency’s targeting  of conservative political groups for

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May 072013
 
Heritage: Amnestied Immigrants Add $6.3 Trillion to Debt

Breitbart: “The Heritage study reports that newly legalized immigrants will receive $9.4 trillion in government welfare and retirement benefits over their lifetime. Heritage estimates they will pay $3.1 trillion in taxes, adding over $6 trillion to the national debt. Each amnestied immigrant would receive $592,000 more in benefits than he paid in taxes.” Opinion: What

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