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Long-Term Fiscal Deficits
May Bring Dangerous
Flood Of Inflation
Investor´s Business Daily, by Alejandro A. Chafuen and Daniel Bunn
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Original Article
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Posted By:PageTurner, 12/29/2012 1:00:28 PM
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| There is some dispute on who was the first person to come up with one of the most popular forecasts of all time: "après moi le deluge," or, "after me the flood." Was it Madame de Pompadour or Louis XV? We sometimes use the term in economics to criticize the attitude of those who focus only on the short term. (Snip) Those who focus on the longer term and outside Washington and New York focus more on fiscal deficits and the potential floods that they might carry. Inflationary floods have been effective tools to destroy savings and weaken the rule of law.
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Comments:
After the fiscal cliff and the regulatory cliff and the social security cliff, get ready for the monetary cliff.
The writer is from Argentina and knows what he´s talking about.
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Reply 1 - Posted by:
Woodenleg, 12/29/2012 1:39:51 PM (No. 9088854)
"...may..."?!?!?! The only way Obama has to mitigate the enormous debt is to inflate the way out of it.
Remember Lenins comment, he was going to destroy the middle class is by grinding them between the two stones of taxation and inflation.
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Reply 2 - Posted by:
Foggybottom, 12/29/2012 2:51:19 PM (No. 9088913)
This is the quantitative hardening part.
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Reply 3 - Posted by:
Quigley, 12/29/2012 2:59:51 PM (No. 9088926)
I wonder if the Republicans could wage a Dim-like PR campaign about Obama´s "War on Savings", which is exactly what is going on. For example, a capital gains tax + inflation = confiscation of assets; ie, the asset doesn´t appreciate in real terms but it still gets taxed.
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Reply 4 - Posted by:
dman, 12/29/2012 3:08:33 PM (No. 9088943)
Actually, a cliff-induced recession would help to arrest it. Blocking any more increases in the debt ceiling and any more CRs - forcing Reid to pass the budgets "sequestered" on his desk - would also suppress inflationary forces. Dittos a tightened Fed policy. We all hated what Paul Volker did in the early 80´s, but it arrested the Carter hyper-inflation and facilitated two decades of prosperity as a result.
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Reply 5 - Posted by:
Hermit_Crab, 12/29/2012 4:46:36 PM (No. 9089044)
Indeed, #1. ´May´ should be replaced with ´will´.
And 0bama and his cohorts know it... To them, it is a feature, not a bug.
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Reply 6 - Posted by:
geneinnyc, 12/29/2012 6:18:04 PM (No. 9089136)
For what it´s worth, as far as I´m concerned, we went off the "fiscal cliff" cliff long ago. The more I hear the words, "fiscal cliff," the more I´m tempted to jump off a cliff, myself. Good thing I live in Manhattan, where we don´t have any cliffs.
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Reply 7 - Posted by:
Nevadadad46, 12/29/2012 8:40:38 PM (No. 9089275)
Well, I´ve made my peace with the place we once called America- The United States thereof. Well, we started going over this cliff in the last two years of Bush- nothing has happened to make it avoidable in the last six years. Few people realize how much- more than a trillion of our tax dollars went to Europe to shore their failing socialist system - directly from the Bush WH- before he left- in May alone 800 billion was gone! The international money conglomerate simply reached into the US treasury and helped itself- just as the bankers did here- It´s more than a disgrace- it is criminal and not one thing we can do now to stop it. We´ve been walking but, essentially, eviscerated as a nation for a long time.
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Below, you will find ...
Most Recent Articles posted by "PageTurner"
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Most Recent Articles posted by "PageTurner"
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U.S. Does Not Recognize
New Venezuelan Government
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Breitbart News, by Staff
Original Article
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Posted By: PageTurner- 4/17/2013 1:05:37 AM
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Deputy Spokesman Patrick Ventrell told the State Department press pool today that although the election results were certified, the U.S. would like a recount to occur in the Venezuelan elections. Multiple countries have recognized the new government and sent congratulations to the newly elected President of Venezuela, when asked if the U.S. government was going to do the same Ventrell replied, "We´re just not there yet."
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International viewers unable
to attest to clean vote in Venezuela
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El Universal [Caracas, Venezuela], by Reyes Theis
Original Article
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Posted By: PageTurner- 4/16/2013 3:22:43 PM
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"After what we have lived and seen, and the delicate situations we have witnessed, we may say that we cannot objectively and categorically attest to a fully democratic and clean vote in this great country," said Spanish Gustavo Palomares, the president of the Institute of Higher European Studies. He was one of the international guests accredited by the National Electoral Council (CNE) and invited by the opposition coalition. In this sense, international guests supported the petition of opposition candidate Henrique Capriles Radonski for a thorough and objective recount of "each tally sheet, each polling station, and each voters´ roll."
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Pot-banging in Caracas against
Maduro´s proclamation as president
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El Universal [Caracas, Venezuela], by Staff
Original Article
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Posted By: PageTurner- 4/16/2013 3:03:57 PM
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Neighbors of various sectors of Caracas are banging their pots in protest against the proclamation of Nicolás Maduro as president of Venezuela at the headquarters of the National Electoral Council (CNE). Downtown Caracas people are on balconies banging their pots, as well as in east and southeast Caracas. Pot banging was also reported in Cumbres de Curumo, Los Chaguaramos, Santa Mónica, Altamira, Los Palos Grandes, La Boyera, El Cafetal and Los Naranjos, among others.
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Venezuela: An Election
That Reeks Of Fraud
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Investor´s Business Daily, by Editorial
Original Article
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Posted By: PageTurner- 4/16/2013 8:47:39 AM
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Latin America: Venezuela´s election on Sunday, which saw bus driver Nicolas Maduro declared the winner by a razor-thin margin, reeked of electoral fraud. Kudos to challenger Henrique Capriles for calling it out. Fraud is a strong word but, yes, it´s the clearest conclusion from Venezuela´s election Sunday to pick a successor to the late socialist dictator Hugo Chavez. Chavez´s hand-picked successor "won" Venezuela´s election Sunday, with what Chavez´s anything-but impartial CNE electoral body declaring he´d gotten 50.6% of the vote, while his challenger, Miranda state governor Henrique Capriles Radonski garnered 49.07% — a gap of just 235,000 votes.
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Chavez Heir Maduro Wins Venezuela
Vote as Foe Rejects Count
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Bloomberg News, by Charlie Devereux & Corina Pons
Original Article
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Posted By: PageTurner- 4/15/2013 9:45:00 AM
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icolas Maduro, political heir to the late Hugo Chavez, was declared the winner of Venezuela’s presidential election yesterday in a result that was immediately challenged by the opposition. The 50-year-old former bus driver received 50.7 percent of the votes, the national electoral council said after about 99 percent of ballots were counted. Henrique Capriles Radonski, who temporarily stepped down as governor of Miranda state to run, had 49.1 percent and vowed to contest the results. “We had a fair and constitutional victory,” Maduro said after the results were announced. “This is another victory, a homage to our comandante Hugo Chavez.”
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Maduro wins Venezuela´s
election with 51 percent of votes
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Reuters, by Staff
Original Article
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Posted By: PageTurner- 4/15/2013 12:11:33 AM
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CARACAS - Ruling party candidate Nicolas Maduro won Venezuela´s presidential election on Sunday with 51 percent of votes, the electoral authority said, allowing him to carry forward the socialist policies of the late Hugo Chavez. Maduro´s young challenger, Miranda state Governor Henrique Capriles, took 49 percent of the ballots, the authority said, in a tighter-than-expected vote.
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Six strangled, one decapitated
in Mexican resort of Cancun
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Reuters, by Gabriel Stargardter
Original Article
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Posted By: PageTurner- 4/14/2013 11:35:22 PM
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CANCUN, Mexico - Six people were strangled to death and one decapitated in the southern Mexican tourist resort of Cancun on Sunday, the state´s deputy attorney general said, in the latest mass killing to strike the city in the last few weeks. Police found the bodies of the five men and two women in a shack in the outskirts of Cancun, a major tourist destination on Mexico´s Caribbean coast, that has largely escaped the drug-related violence that has racked Acapulco, a faded tourist destination on the Pacific coast.
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How Thatcher Changed Hearts
And Minds Behind The Iron Curtain
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PJ Media, by Oleg Atbashian
Original Article
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Posted By: PageTurner- 4/14/2013 11:29:15 AM
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It wasn’t just Margaret Thatcher’s steadfast economic and foreign policies that helped to defeat the Evil Empire and to bring down the Iron Curtain. She also changed hearts and minds — and this PJ Media author, who grew up on the other side of the Iron Curtain, has a personal story to tell. As many Soviet kids did in the 1970s and 1980s, I occasionally tuned my shortwave radio to Voice of America or the BBC Russian Service, hoping to hear their alternative take on world events and, if I was lucky, get the latest rock-music updates.
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If President Barack Obama had
a son, would he look like any
of the babies Kermit Gosnell beheaded?
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Daily Caller, by Jim Treacher
Original Article
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Posted By: PageTurner- 4/13/2013 2:17:54 AM
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If you don’t know who Kermit Gosnell is, that’s because you read the New York Times and Politico.com, and you watch network news. Gosnell is a Philadelphia abortionist who’s currently on trial for murder. Multiple counts. The media hasn’t had much interest in him — including, yes, the Daily Caller — and more and more people are starting to wonder why. I’ve been trying to think of what to say about it, but it’s so horrific that I can barely wrap my head around it. Kirsten Powers, writing in USA Today, does a great job of
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London braces for violence
ahead of Margaret Thatcher´s funeral
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NBC News, by Alastair Jamieson and Michele Neubert
Original Article
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Posted By: PageTurner- 4/12/2013 10:35:02 PM
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LONDON - Police were on standby for street violence after protesters pledged to "celebrate" the death of former British Prime Minister Margaret Thatcher with a party at the scene of a 1990 riot against one of her most unpopular policies. Senior police officers have already launched an operation to prevent disorder surrounding her televised funeral at St Paul’s Cathedral on Wednesday, which is due to be attended by Britain’s queen and world leaders. Every living former U.S. president is invited. With tight security around the official event, protest groups have threatened to gather on Saturday in London’s Trafalgar Square,
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Former worker testifies that
Dr. Kermit Gosnell snipped
the spines of moving babies
following abortions at
Philadelphia clinic
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New York Daily News, by David Knowles
Original Article
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Posted By: PageTurner- 4/11/2013 5:47:37 PM
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Horror found an address in west Philadelphia. The gruesome testimony at the “House of Horrors” murder trial of abortion doctor Kermit Gosnell continued on Thursday, with two former employees describing scenes that strained the imagination. Ashley Baldwin, who began working at the cash-only Women’s Medical Society clinic in west Philadelphia when she was just 15, said that she routinely assisted Gosnell with abortions and, on five different occasions, saw babies moving following the procedure. In one case, Baldwin, who is now 22 and the mother of her own toddler, testified that she witnessed an aborted baby “screeching,” the Philadelphia
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White House snub to Thatcher:
Obama won´t send envoy
- and leaves it to her old
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Daily Mail (U.K.), by James Chapman
Original Article
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Posted By: Desert Fox- 4/15/2013 9:50:39 PM
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Friends and allies of Baroness Thatcher expressed ‘surprise and disappointment’ last night as it emerged President Obama is not planning to send any serving member of his administration to her funeral. Whitehall sources have revealed that the U.S. delegation at tomorrow’s service in St Paul’s Cathedral will be led by two Reagan era secretaries of state: James Baker and George Shultz. Though President Obama himself had not been expected to attend, there had been speculation that he would be represented either by Vice President Joe Biden or wife Michelle. The Queen’s decision to attend
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Gitmo Is Killing Me
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New York Times, by Samir Naji al Hasan Moqbel
Original Article
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Posted By: Drive- 4/15/2013 8:29:32 AM
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ONE man here weighs just 77 pounds. Another, 98. Last thing I knew, I weighed 132, but that was a month ago. I’ve been on a hunger strike since Feb. 10 and have lost well over 30 pounds. I will not eat until they restore my dignity. I’ve been detained at Guantánamo for 11 years and three months. I have never been charged with any crime. I have never received a trial.
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Feds seek suspects, motive
in Boston bombings
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Associated Press, by Jimmy Golen
Original Article
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Posted By: Desert Fox- 4/16/2013 6:53:44 AM
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BOSTON -- The bombs that blew up seconds apart at the finish line of one of the world´s most storied races left the streets spattered with blood and glass, three dead, including an 8-year-old boy, more than 140 wounded and gaping questions of who chose to attack at the Boston Marathon and why. Federal investigators said no one had claimed responsibility for the bombings one of the city´s most famous civic holidays, Patriots Day. But the blasts among the throngs of spectators raised fears of a terrorist attack. President Barack Obama was careful not to use the
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Lawyer, judge erupt in
anger in Gosnell trial
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Philadelphia Inquirer, by Joseph A. Slobodzian
Original Article
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Posted By: LComStaff- 4/16/2013 7:02:04 AM
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He is known only as "Baby Boy B," a fetus estimated to be 28 weeks old, found frozen in an altered one-gallon plastic water jug in Dr. Kermit Gosnell´s West Philadelphia abortion clinic. His passing went unnoticed and undocumented, but on Monday, prosecution and defense lawyers struggled to get Philadelphia´s chief medical examiner to say whether he was stillborn or killed by Gosnell after being born alive during an abortion.
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NBC Reporter Luke Russert
Speculates On Boston
Explosions’ Link To 1993 Waco Siege
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Mediaite, by Andrew Kirell
Original Article
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Posted By: JoniTx- 4/15/2013 5:18:48 PM
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In light of the explosions that have rocked Boston on Patriots’ Day, during the city’s annual marathon, NBC reporter Luke Russert took to Twitter to speculate that today’s horrific events could possibly be related to the 1993 government siege on the Branch Davidian compound in Waco, Texas — an incident often attached to conversations about “right-wing terrorism” and anti-government violence. “I was at Fenway Park w my dad and @mikebarnicle during Waco which was on Patriots Day in 1993. Speculating on possible link,” Russert tweeted following the explosions.
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Obama: ‘People shouldn’t
jump to conclusions’ about
Boston Marathon bombing
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Washington Examiner, by Joel Gehrke
Original Article
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Posted By: KarenJ1- 4/15/2013 9:45:50 PM
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President Obama pledged that the United States would punish anyone responsible for the explosions at the Boston Marathon today, but he said that “people shouldn’t jump to conclusions” about the tragedy. “We still do not know who did this or why and people shouldn’t jump to conclusions before they have all the facts,” Obama told reporters during a statement from the White House. “Any responsible individuals, any responsible groups, will feel the full weight of justice,” he added. Two explosions occurred today near the finish line of the Boston Marathon,
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Breaking: Obama to make
statement from White House
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CNN, by Staff
Original Article
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Posted By: Scottyboy- 4/15/2013 5:58:09 PM
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President Barack Obama will deliver a statement Monday at 6:10 p.m. ET from the Brady Press Briefing Room at the White House. As seen in the photo, President Barack Obama spoke Monday on the phone with FBI Director Robert Mueller to receive an update on the Boston explosions. Seated with the President are Lisa Monaco, assistant to the president for Homeland Security and Counterterrorism, and Chief of Staff Denis McDonough. A White House official said earlier the president has been notified of the explosions. "His administration is in contact with state and local authorities.
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MSNBC’s Joy Reid Praises Obama’s
Reaction To Terror, Says Bush Dis-
appeared for ‘Couple Weeks’ After 9/11
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Mediaite, by Noah Rothman
Original Article
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Posted By: NorthernDog- 4/16/2013 3:38:34 PM
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MSNBC contributor Joy-Ann Reid told the host of Now, Alex Wagner, that she thought President Barack Obama’s response to the attack on the Boston Marathon on Monday was powerful and comforting in a way that President George W. Bush’s response to the attacks of September 11, 2001, was not. She accused Bush of being unavailable to the American people for the “first couple weeks” after the attack on the World Trade Center and the Pentagon. Reid told Wagner that the president’s statement actively combatted the intention of the terrorists, which is to make their targets feel “discombobulated.” “Having, sort of
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Mark Kelly threatens to back
challenger to Flake over gun votes
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The Hill [DC], by Daniel Strauss
Original Article
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Posted By: StormCnter- 4/16/2013 4:33:26 PM
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Mark Kelly, the husband of former Rep. Gabrielle Giffords (D-Ariz.), is threatening to back an election challenge against Sen. Jeff Flake if the Arizona Republican votes against legislation to expand background checks. At a Christian Science Monitor breakfast on Tuesday, Kelly said he would back an opponent to Flake if the "right candidate" was available and if the senator failed to support a background check bill, according to reports. Flake, who is not up for reelection until 2018, has been close to Kelly and Giffords. But Kelly said the issue of control trumped their ties.
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Meredith Baxter, Patty
Duke to Play Lesbian
Couple on Upcoming ´Glee´
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Breitbart´s Big Hollywood, by Breitbart News
Original Article
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Posted By: KarenJ1- 4/15/2013 11:12:19 AM
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Two veteran TV actresses may join the cast of Fox´s Glee after their upcoming appearance as a kindly lesbian couple. Meredith Baxter, known for being the All-American Mom on Family Ties, and Patty Duke who soared to fame in her self-titled series, will offer guidance to a gay character considering popping the question to his partner. According to a Friday report at E!, Oscar winner Patty Duke and longtime television star Meredith Baxter will play a lesbian couple. Not only that, regular character Blaine played by Darren Criss will propose to
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Obama: "Unimaginable" That
Congress Would "Defy" Americans
And Not Pass Gun Control
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Real Clear Politics, by Staff
Original Article
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Posted By: Desert Fox- 4/16/2013 5:59:35 PM
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"I think we’ve got a good chance of seeing it pass if members of Congress are listening to the American people," President Obama said in an interview on NBC´s "Today Show" that aired on Tuesday. "The notion that Congress would defy the overwhelming instinct of the American people after what we saw happen in Newtown, I think, is unimaginable." Obama was then asked by Savannah Guthrie how he could expect Democrats in red states to vote on this bill when he, as a Senator, didn´t have to himself.
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CBS: Saudi Man In Custody
Was Tackled By Bystanders
At Boston Marathon
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Business Insider, by Jim Edwards
Original Article
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Posted By: Scottyboy- 4/15/2013 8:16:52 PM
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The Saudi Arabian man who is reportedly in police custody following the Boston Marathon bombing was chased and tackled by bystanders shortly after the blast, according to CBS. Senior correspondent John Miller, a former assistant director of the FBI, reported this: There is an individual in custody … he is not free to go. There is an individual in custody … he is not free to go. He is a Saudi national who was near the scene of the blast. When the blast happened he began to run. Now, in context, a lot of people began to run.
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