Federal Reserve: U.S. Headed for Insolvency

« William Dudley, president and CEO of the Federal Reserve Bank of New York, maintains inflation is not a problem in the U.S.
(Stan Honda/AFP/Getty Images)

March 29, 2011 | From theTrumpet.com

Fed presidents Fisher and Dudley offer two very different opinions on the economy. By Robert Morley

 

A voting member of the Federal Reserve Bank just told an audience in Germany that America is heading toward insolvency and that the Fed has printed too much money. Another member told an audience in Queens that things are good and that the cost of living really isn’t rising. Which is it?

South America Redirects Crude Oil Exports to Europe

« Colombian President Juan Manuel Santos seeks to develop more economic ties between Latin America and Europe during his visit to Paris in late January, as his country’s oil producers ship more oil to European markets.
(Miguel Medina/AFP/Getty Images)

Latin American crude oil producers are starting to reorient their exports away from the United States and toward Europe, according to a Wall Street Journal report. Author Reza Amanat reported the following:

Crude-oil producers in South America are shying away from the U.S. in favor of markets thousands of miles across the Atlantic, a sign that soaring crude prices in Europe are disrupting well-established trade flows.

Texas Begs Mexico for Power

« Police officers direct traffic after access roads to airline terminals were closed at DFW International Airport on February 1, in Dallas, Texas.
(Getty Images)

 

Mexico came to the rescue of Texas on Wednesday to keep residents from freezing. Texas power grids buckled under the increased demand and severe cold that has hit the state just prior to this weekend’s Super Bowl game.

America’s Self-Righteousness Is Destroying Egypt

Washington’s naive devotion to democracy is doing untold damage.

For many Americans, the violent scenes of anarchy unfolding on the streets of Cairo, Alexandria and other Egyptian cities are a beautiful and inspiring sight.

On Monday, for example, after mingling with protesters in Tahrir Square in downtown Cairo, New York Times columnist Nicholas Kristof giddily reported that the “yearning and hopefulness of these Egyptians taking huge risks is intoxicating” (emphasis mine throughout).

These what you might have missed while I was away

Youth ‘Booze Culture’ Overwhelms British Hospitals

The alcoholism that’s spreading like a disease through the nation’s youth is a powerful sign of societal breakdown in Britain. Where is it all leading?

Chinese Companies Set to Ramp Up Investment in the U.S.

Another troubling symptom of America’s debt-fueled disease.

» The Egyptian revolt and imperial Islamism American Thinker, Jan. 31, 2011

UPDATE: Russia Boosts Military Cooperation With Ukraine

» Euro crisis: The only way to save the euro is the destruction of its members Telegraph, Jan. 13, 2011

UPDATE: Guess Who Is Smiling on the Protests in Egypt?

Demonstrations against the Mubarak regime benefit this nation more than anyone else. 

More than 200,000 in Cairo demand Mubarak quit
Pakistan court blocks handing over of U.S. "diplomat"
South Korea's conciliatory Lee hints at summit with North
Australia evacuates coastal cities in path of cyclone
In Myanmar's gleaming new capital, uncertain promise
Haiti opens door for return of ex-president Aristide
U.N. says 147 killed in Tunisian uprising
Iraq war casualties rise in January
Irish PM to dissolve parliament, pave way for opposition
U.S. praises Kazakh leader for skipping referendum
 

Pensions Versus Bondholders: Who Will Win?

There is a war raging—and it is over your money. Who will get it? The only thing certain is it won’t be you.

 

“The problem with socialism is that eventually, you run out of other people’s money.” That is a sentiment spoken by Margaret Thatcher, and a reality America may be about to face. With a tsunami of state and city bankruptcies threatening, the money grabbing is taking off. A lot of people are going to get impoverished in the process. Will you be one of them?

China: U.S. Kowtows to the Enemy

It seems the current U.S. administration will go down in history as the first to bow in obeisance to America’s historic enemies.

Now it seems, with America having suffered continuing and increasing ignominy for failing to vanquish any enemy that has attacked it since obtaining victory in World War ii, the current U.S. administration is intent on taking that ignominy one step further.

Take the case of China.

The U.S. and Germany hid Nazis. By Richard Palmer

« Nazi war criminal Adolf Eichmann in his prison cell April 15, 1961, in Ramle, central Israel.
(John Milli/GPO via Getty Images)

He Was Right: The Hidden Nazi Underground

The End of the Dollar System

The dollar reserve currency system is a “product of the past”—but what will emerge to replace it?

 

Robert Morley

This week Chinese President Hu Jintao is being wined and dined with a lavish state banquet at the White House and other official ceremonies usually reserved for America’s closest friends and allies. Why all the pomp and circumstance? One must be very polite when entertaining your banker—even if you don’t like him and he doesn’t like you.

America Has No Stronger Ally Than the French

« French President Nicolas Sarkozy (left) visits with U.S. President Barack Obama in the Oval Office in Washington, D.C., on January 10.

President Obama snubs Britain again.

“We don’t have a stronger friend and stronger ally than Nicolas Sarkozy, and the French people,” U.S. President Barack Obama told French President Nicolas Sarkozy on January 10.

Ratings Agencies Warn U.S. on Debt

« America’s AAA status won’t last long as America sinks further into debt.
(iStockphoto)

Moody’s Investor Service and Standard & Poor’s ratings agency warned on January 13 that America could lose its aaa credit rating if it fails to reign in its debts.

U.S. and Germany Cooperate on Spy Satellite

 

U.S. helps Germany add to its “already impressive suite of space-based radar.”

First Palestinian Embassy in the Americas

The latest step in the Palestinian Authority’s agenda for statehood

Becoming a Squatter Nation

America’s drive down Big Spender Boulevard is leading from Squanderville to Debt City to Squattertown.

Nasa has done it again.

It has made another discovery of monumental proportions—one that will supposedly “impact the search for evidence of extraterrestrial life” and “alter biology textbooks” forever.

Why China Refuses to Deal With North Korea

 For China, Kim Jong Il is another tool through whom it can challenge the United States. 

Pearl Harbor: Witness to a Fading Fighting Spirit

 

 

How many remember the seventh of December?

Study Shows U.S. and UK Education Worsening

British pupils are 16th in science, 25th in reading and 28th in math in world education rankings.

The United States and the United Kingdom were solidly beaten by a host of countries in math, science and reading tests conducted by the Organization for Economic Cooperation and Development (oecd), published on December 7.

Asian nations regularly came top in an assessment of 470,000 15-year-olds in 65 different countries in 2009 under the oecd’s Program for International Student Assessment (pisa).

America the Precarious

 The Fed’s secret loans reveal just how real sudden collapse could be.

Political Correctness Nearly Kills Hundreds in Portland

« Steven Wax, federal public defender for suspected Portland car bomber Mohamed Osman Mohamud, speaks to the media after a court appearance November 29.
(Getty Images)

As 12,000 people attended a Christmas tree lighting ceremony in Portland, Oregon, on November 26, Mohamed Osman Mohamud attempted to detonate a truck full of explosives. The explosives were duds, the fbi had been watching him for months, and Mohamud has now been charged with attempted use of a weapon of mass destruction.

The bomb, had it detonated, “could have killed hundreds,” according to the Portland Tribune.