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Hosea 4:6 My people are destroyed for lack of knowledge…

Archive for May 28th, 2009

China warns Federal Reserve over ‘printing money’

Posted by truthpills on 2009/05/28

China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed’s direct purchase of US Treasury bonds.
By Ambrose Evans-Pritchard
Last Updated: 1:52PM BST 27 May 2009

Richard Fisher, president of the Dallas Federal Reserve Bank, said: “Senior officials of the Chinese government grilled me about whether or not we are going to monetise the actions of our legislature.”

“I must have been asked about that a hundred times in China. I was asked at every single meeting about our purchases of Treasuries. That seemed to be the principal preoccupation of those that were invested with their surpluses mostly in the United States,” he told the Wall Street Journal.
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Rise in Rates Jolts Markets

Posted by truthpills on 2009/05/28

By LIZ RAPPAPORT

Treasury yields and mortgage rates surged Wednesday to their highest levels since November, dealing a blow to the Federal Reserve’s efforts to stimulate the economy by keeping borrowing costs low.

The Fed has made low mortgage rates a priority in its strategy to stem the U.S. recession. To achieve that, the central bank has been buying mortgage-backed securities and Treasurys. Through programs announced since last fall, it has bought more than $460 billion of mortgage-backed securities and more than $125 billion of Treasury bonds.

But the winds turned against the Fed in recent days, as investors worry the government’s approach could lead to inflation.
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Bill Clinton Linked To Uranium Scandal (UUU)

Posted by truthpills on 2009/05/28

Joe Weisenthal|May. 27, 2009, 5:11 PM

Here’s a fascinating politics/energy/international relations story that’s flying below the radar now, but feels as though it could get huge.

The news starts with Uranium One (UUU), a Toronto-listed uranium miner, whose shares plunged 38% on news that the Kazakhstan government was probing whether certain Kazakh mines it owns were acquired illegally. Specifically, it’s looking at potentially illegal asset sales by Mukhtar Dzhakishev, the former head of state-owned uranium miner Kazatomprom, who later sought favors from the man who sold the assets to, Frank Giustra, and Bill Clinton.
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Grand juries cite Obama for ineligibility, treason

Posted by truthpills on 2009/05/28

Hundreds of ‘presentments’ being handed to prosecutors
Posted: May 21, 2009
By Bob Unruh

Hundreds of “presentments” – or accusations assembled by citizen grand juries – are scheduled to be given to courts, sheriffs, prosecutors, judges and legislators across the United States
by July 4 alleging that Barack Obama is ineligible to be president and his occupancy in the Oval Office constitutes treason.

The accusations are being assembled by the citizen grand juries that have been meeting
in recent weeks around the country. One organization, American Grand Jury, now has posted an online procedure that provides a step-by-step instruction manual for those who are concerned about Obama.

American Grand Jury Editor Bob Campbell’s site includes information on the history of grand juries, their powers, rules, evidence, forms, etiquette and how to file the resulting claims.
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Obama detention plan tests U.S. legal tradition

Posted by truthpills on 2009/05/28

By William Glaberson
updated 9:14 a.m. ET, Sat., May 23, 2009

President Obama’s proposal for a new legal system in which terrorism suspects could be held in “prolonged detention” inside the United States without trial would be a departure from the way this country sees itself, as a place where people in the grip of the government either face criminal charges or walk free.

There are, to be sure, already some legal tools that allow for the detention of those who pose danger: quarantine laws as well as court precedents permitting the confinement of sexual predators and the dangerous mentally ill. Every day in America, people are denied bail and locked up because they are found to be a hazard to their communities, though they have yet to be convicted of anything.
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Government Readies Youth Corps To Take On Vets

Posted by truthpills on 2009/05/28

15 May 2009

Explorers with the Visalia, Calif., police department practiced with airsoft guns, which fire tiny pellets, before taking part in a drill in which they tried to overtake a hijacker holding hostages aboard a bus.

Shocking New York Times article about Boy Scouts being trained to disarm and kill American citizens stokes fears of Hitler Youth

“Ten minutes into arrant mayhem in this town near the Mexican border, and the gunman, a disgruntled Iraq war veteran, has already taken out two people, one slumped in his desk, the other covered in blood on the floor,” begins a shocking New York Times article reporting on how the Boy Scouts are being trained to take on domestic terrorists, which apparently would include war veterans and American citizens if the Homeland Security definition of a terrorist is to be applied.
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Exploding debt threatens America

Posted by truthpills on 2009/05/28

John Taylor

Published: May 26 2009 20:48 | Last updated: May 26 2009 20:48

Standard and Poor’s decision to downgrade its outlook for British sovereign debt from “stable” to “negative” should be a wake-up call for the US Congress and administration. Let us hope they wake up.

Under President Barack Obama’s budget plan, the federal debt is exploding. To be precise, it is rising – and will continue to rise – much faster than gross domestic product, a measure of America’s ability to service it. The federal debt was equivalent to 41 per cent of GDP at the end of 2008; the Congressional Budget Office projects it will increase to 82 per cent of GDP in 10 years. With no change in policy, it could hit 100 per cent of GDP in just another five years.
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Signs of more trouble ahead for housing market

Posted by truthpills on 2009/05/28

Carolyn Said, Chronicle Staff Writer
Tuesday, May 26, 2009

Warren Buffett and Alan Greenspan say the housing market is near bottom.

Peppy real estate agents and gloomy stock-market traders alike eagerly embrace that supposition. Wall Street is so hungry for good news that stocks rallied at the barest hint of upbeat indicators several times this month.

But an array of serious pending issues undercuts the turnaround theorists.

On the supply side, an assortment of factors seems poised to trigger new waves of foreclosures that will continue to bloat inventory. They include the expiration of foreclosure moratoriums, more underwater “walk-away” homeowners, pending recasts of option ARM loans, rising delinquencies in prime and Alt-A loans, and soft sales of high-end homes.

Here is a rundown of key problems that could continue to undercut real estate.
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Billionaire club in bid to curb overpopulation

Posted by truthpills on 2009/05/28

America’s richest people meet to discuss ways of tackling a ‘disastrous’ environmental, social and industrial threat
By John Harlow, Los Angeles

SOME of America’s leading billionaires have met secretly to consider how their wealth could be used to slow the growth of the world’s population and speed up improvements in health and education.

The philanthropists who attended a summit convened on the initiative of Bill Gates, the Microsoft co-founder, discussed joining forces to overcome political and religious obstacles to change.

Described as the Good Club by one insider it included David Rockefeller Jr, the patriarch of America’s wealthiest dynasty, Warren Buffett and George Soros, the financiers, Michael Bloomberg, the mayor of New York, and the media moguls Ted Turner and Oprah Winfrey.
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