Global Economic War: Chinese economists continue to push their government to dump U.S. bonds, says the U.S. has passed point of no return, will continue on a downward spiral, Morgan Stanely agrees

“China should move progressively to cut its holdings of U.S. Treasury bonds and use it as leverage to ask Washington [DC] to further open its markets, including the high-technology sector, to Chinese investment.”-Xiang Songzuo, University of China

U.S. Vice President Biden is in China, trying to reassure the Chinese government that the U.S. […] Continue Reading…

U.S., Europe pushing UN Security Council for resolution against Syria, BRICS opposed

“We believe that the time has come for the council to take further actions to step up the pressure against those who are responsible for the violence against the citizens of Syria.”-Philip Parham, U.K. representative to UN Security Council

The U.S., France, Germany and Portugal all backed up the British demand that the […] Continue Reading…

President Obama wants war with Syria, EU leaders want war with Syria, Canada wants war with Syria, it’s all about the oil baby!

“The future of Syria must be determined by its people, but President Bashar al-Assad is standing in their way.  We have consistently said that President Assad must lead a democratic transition or get out of the way.  He has not led.  For the sake of the Syrian people, the time has […] Continue Reading…

Syria declares end to crackdown on insurgents, will allow UN inspectors in

August 17, Syria’s President Assad told the United Nations that military operations against insurgents were a success, and are now complete.  I watched reports from the Middle East showing Syrian forces leaving several major cities, with the local population cheering them on.

In fact, the city of Deir ez-Zor suffered a brutal insurgency occupation that […] Continue Reading…

What Economic Recovery? Chrysler owner Fiat looking to move to Russia

“Fiat is intensively examining St. Petersburg along with Nizhniy Novgorod. No decision has been made yet. Most likely the Italian automaker will select a green field site. We expect that they will make a decision on the site in the fall.” -Dmitry Levchenkov, Russia’s Economic Development Ministry

Fiat, the owner of Chrysler, […] Continue Reading…

Insult to Injury: 9/11 First Responders banned from anniversary ceremony

“We’re working to find ways to recognize and honor first responders, and other groups, at different places and times.”-statement from New York City Mayor’s office

About 3,000 first responders have been told there’s no room at the inn for them.  Apparently the organizers of the September 11, 2001 anniversary ceremony, forgot to invite the people […] Continue Reading…

What Economic Recovery? Military Retirement Pay to be sacrificed on the 401k altar

In the name of providing more funds for weapons systems and combat operations, the Defense Department has decided it’s time to end their traditional retirement plan, and force military personnel into risky 401k plans.

The plan is described in the publication “Modernizing the Military Retirement System”.

Government officials say that current military missions can not be […] Continue Reading…

What Economic Recovery? Moody’s joins S & P’s in downgrading the U.S.

“The U.S. economy needs to grow 2.5% to 3% per year to add jobs fast enough to keep the unemployment rate stable. This will not happen soon.”-Mark Zandi, Moody’s Analytics

Moody’s Analytics downgraded projected GDP for the Untied States. One month ago they projected GDP to be at a yearly average of 3.5%, for […] Continue Reading…

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