France: Sarkozy: has been more successful with his Italian mistress than with reforming his country. Attempting to reform the retirement age has met much opposition, I hope he can actually commit to this reform.
Germany: Merkel: has maintained Germany as one of the strongest European economies through these hard times. But has an unrealistic political partner in the Liberal Party that thinks more thru ideology than realism.
UK: David Cameron: High hopes for the Conservative-Liberal alliance and it seems as if all is going smoothly...for now.
Italy: Berlusconi: if any one person could be blamed for Italy's fall from a prominent world member I would blame Berlusconi, which is more interested in his personal intrests than Italy.
Australia: Julia Gillard: rough start for Australia's first female leader. Lets see how she handles her unstable coalition.
Russia: Medvedev: really he is just a guy working under Putin, until Putin can be President again.
Turkey: Erdogan: has lead his party as the Islamic version of a Christian Democratic party of Europe. Turkeys stock is rising rapidly in world diplomacy, and he seems to be underminding the generals.
Saudi Arabia: Abdullah: a highly conservative country with much wealth based on oil. Slow reforms under his guidance.
South Korea: Lee: Has made some advances, but North Korea has been a major thorn to his administration.
India: Singh: did amazing things as finance minister that has brought on India's amazing growth, but has failed to deliver as prime minister, mostly because he requires communists to hold a government, and poor health.
Indonesia: Bambang: under his leadership Indonesia is becoming south east asias new Thailand....before Thailand's current issues of course.
Japan: Kan: governments in Japan are two cents a dozen ever since Koizumi left. Kan will likely last little and accomplish little.
China: Hu: The bad cop to Wen's good cop. Both men have seen China's huge rise. They must be doing something right. But there are always persistent questions of "how long can this type of growth last?"
Brazil: Lula: has done well to maintain his predecessors open market economic reforms that have lead to lasting growth. Has also done reforms to help ease the large income gap in Brazil, including incentives to get poor children into school. His saint like reign has been besmirked with corruption scandals tho.
Argentina: Christina Fernandez: Picked a fight against beef farmers which she lost misirably. The economy is going good tho under her rule. Strange relationship with the IMF, and debt.
Mexico: Calderon: intensified a drug war which seems to be going badly for Mexico.
Canada: Harper: Canada was largely untouched by the financial crisis, compared to other developed nations.
South Africa: Zuma: bad personal example with his many wives and unsafe sex, but had a good World Cup.
US: Obama: High expectations met realistic situations, leading to low poll ratings. Should have focused more on fixing his predecessors mess than passing his Health care bill.|||They would all have (dec.) following their names.
Tuesday, December 6, 2011
American Revolution essay: what questions could they ask about it in my interview?
Oxford has asked me to write 2 essays, which Ive already written. one of them is about the American revolution. At the moment Im trying to prepare for the interview (I know they'll ask about the essays).
What questions could they ask about my essay?
(they could ask me things like 'what makes a good revolution' for example).
**************************************鈥?br>
The American Revolution which took place in the late 18th century was and is considered a very important occurrence which caused dramatic changes in both North America and Europe. The principles of the French revolution were derived from this happening, and the success of the American Revolution played a great role in the encouragement of the French to revolt.
So where did the Americans come from? What were the reasons of the American Revolution? What were its aims? And what made them succeed? How important was their success?
Great Britain was facing a major economic crisis in 1620 - 1635, causing a lot of unemployment. Furthermore, there were Political conflicts in general, and Religious conflicts between the supporters of the Anglican and Puritan churches.
The first Americans were the Anglicans and the Puritans who emigrated from Great Britain since the early 1600鈥檚, with the intention of beginning a better life in the new world. They began building colonies along the Atlantic coast of North America. This resulted in 13 different colonies being established, that were soon under the control of the British Empire.
The number if emigrants had increased rapidly in the East Coast - there were soon 2 million European Americans, and half a million slaves who were bought and brought from Africa.
Great Britain was in deep debt after its seven year war with France (1756-1763). Therefore, the British parliament, which tried its best not to overtax its locals, decided to tax its colonists across the sea. The British started taxing the colonists without giving them representation, which violated the Magna Carta which stated that there would be not taxation without representation in parliament.
The peoples of America we severely angered by the economic issues that they were facing as a result of Britain鈥檚 behavior. By 1775, the 13 English colonies had engaged the British Armies in several battles. The United States declared its independence in 4th of July 1776, and soon the Great Britain had recognized it as an independent state in the treaty of Paris in 1781, which ended the American Revolution.
There were several reasons why Great Britain did not want to continue fighting. The first thing would be the vast distance between England and the East Coast, which made it difficult for Britain to deliver enough supplies for its armies. Not to mention the fact that France sought revenge after it lost its colonies in America and in India after losing in its seven year war with Great Britain.
George Washington鈥檚 role in the American Revolution was one of the main reasons for their success. He was a mastermind general, a thinker, a spirit-lifter, and a leader.
The United States had soon become a major power, and helped the allies in Europe achieve victory in World War one. They also played a great role in defeating Nazi Germany in Normandy during 1944. Furthermore, they united the free countries, which supported Democracy, against the Socialist Republic during the Cold War. The United States today aims to fight terrorism worldwide.|||The big reason for the interview is to make sure you are the one who wrote the essays in question. It will be much the same as defending a post-graduate thesis. If you wrote the papers, you ought to have little trouble.|||dayumm!! thats big^^^??
What questions could they ask about my essay?
(they could ask me things like 'what makes a good revolution' for example).
**************************************鈥?br>
The American Revolution which took place in the late 18th century was and is considered a very important occurrence which caused dramatic changes in both North America and Europe. The principles of the French revolution were derived from this happening, and the success of the American Revolution played a great role in the encouragement of the French to revolt.
So where did the Americans come from? What were the reasons of the American Revolution? What were its aims? And what made them succeed? How important was their success?
Great Britain was facing a major economic crisis in 1620 - 1635, causing a lot of unemployment. Furthermore, there were Political conflicts in general, and Religious conflicts between the supporters of the Anglican and Puritan churches.
The first Americans were the Anglicans and the Puritans who emigrated from Great Britain since the early 1600鈥檚, with the intention of beginning a better life in the new world. They began building colonies along the Atlantic coast of North America. This resulted in 13 different colonies being established, that were soon under the control of the British Empire.
The number if emigrants had increased rapidly in the East Coast - there were soon 2 million European Americans, and half a million slaves who were bought and brought from Africa.
Great Britain was in deep debt after its seven year war with France (1756-1763). Therefore, the British parliament, which tried its best not to overtax its locals, decided to tax its colonists across the sea. The British started taxing the colonists without giving them representation, which violated the Magna Carta which stated that there would be not taxation without representation in parliament.
The peoples of America we severely angered by the economic issues that they were facing as a result of Britain鈥檚 behavior. By 1775, the 13 English colonies had engaged the British Armies in several battles. The United States declared its independence in 4th of July 1776, and soon the Great Britain had recognized it as an independent state in the treaty of Paris in 1781, which ended the American Revolution.
There were several reasons why Great Britain did not want to continue fighting. The first thing would be the vast distance between England and the East Coast, which made it difficult for Britain to deliver enough supplies for its armies. Not to mention the fact that France sought revenge after it lost its colonies in America and in India after losing in its seven year war with Great Britain.
George Washington鈥檚 role in the American Revolution was one of the main reasons for their success. He was a mastermind general, a thinker, a spirit-lifter, and a leader.
The United States had soon become a major power, and helped the allies in Europe achieve victory in World War one. They also played a great role in defeating Nazi Germany in Normandy during 1944. Furthermore, they united the free countries, which supported Democracy, against the Socialist Republic during the Cold War. The United States today aims to fight terrorism worldwide.|||The big reason for the interview is to make sure you are the one who wrote the essays in question. It will be much the same as defending a post-graduate thesis. If you wrote the papers, you ought to have little trouble.|||dayumm!! thats big^^^??
Is this what's in store for America if we can't stop Obama's reckless policies on spending?
This is where we are headed if we don't stop Obama's reckless, naive policies.
It's hard to imagine electing someone who is LESS prepared to run the country. This man is a tragic comedy or errors
OR is this being done on purpose? What do you think?
excerpt...
"The time to pay the bill has come, the time of responsibility for all of us tackling this crisis must become the big opportunity to modernize our public life, even if we have to bleed," said financial daily Kerdos.
Prime Minister George Papandreou's government unveiled the plan to overhaul Greece's debt-ridden economy on Sunday after talks with officials from the International Monetary Fund (IMF) and European Union (EU).
It foresees a massive fiscal adjustment driven primarily by cuts in the country's bloated public sector, which makes up roughly a third of the workforce.
A public sector pay freeze was extended until 2014 and treasured holiday bonuses will be scrapped for many employees. Pensions will also be cut.
Center-right newspaper Eleftheros Typos said the government was telling Greeks that they must die in order to live, describing the economic medicine it was doling out as "more harmful than the disease."
Ta Nea, a centrist daily, said the way of life Greeks had become accustomed to had come to an end on Sunday, while center-left Eleftherotypia deemed the measures unfair because they would hit average wage earners and pensioners hardest.
Center-left Ethnos said the austerity would mean "asphyxiation" for the Greek people and a "violent modernization" for the economy, which according to new government projections will contract by 4.0 percent this year and 2.6 percent in 2011
http://www.reuters.com/article/idUSTRE64鈥?/a>|||The Utopian dream of equality, in poverty, for everyone (except multi-millionaire elitist dems like Al Gore).|||I know if the GDP keeps growing like this, we may all have money again. Oh the nightmares!|||Obama is doing what OBAMA said is guaranteed to cause the same problem but there's an important difference.
The Greek government is recognizing its own spending is the problem; Obama has already claimed more-of-the-same is the solution.
Yep. OBAMA said the problem is too much spending and that to fix it we need to spend more.|||It's not just Obama.
The politicians of both parties have been looting the economy for decades, to benefit their cronies, their special interests and themselves.
Overspending has accomplished nothing but to make these cronies richer, at the taxpayers' expense while running up the deficit.
The tax revenues aren't adequate to keep the loot flowing to the cronies, so they have to borrow huge amounts.
Obama promised during his campaign to eliminate pork and earmarks, and has done nothing to stop this profligate waste of the wealth of America.
the situation in Greece is like a picnic in the park, compared with the spectacular collapse that we will see here in the USA when it finally hits the fan.
But the insane orgy of spending by Obama and Congress continues unabated.
It won't change until we finally run out of money, or until the voters/taxpayers finally wake up and quit electing and reelecting the same gangs of liars and thieves who are ruining our nation.|||Sure, but Obama's policies on spending aren't reckless; they're necessary. Obama inherited a country already on the fast track to bankruptcy. His first priority was to get our economy growing and Americans working again. After that is achieved, he can worry about spending again. Trying to cut government spending during the middle of a recession would exacerbate the recession since the government will need to eliminate or re-work many of its private contracts. Government spending can keep businesses operating until private streams of revenue are available again.|||What's Greece have to do with us? We are not part of any union of countries.
Grasping at straws are you?
How else will we give the economy a jump start?
Maybe just give all those who make less than $25k/yr a $5 raise? I'm all for that.
The EU is like the states, some produce more than others.
Didn't they realize this before it was formed?|||Just give him a chance !|||nope
It's hard to imagine electing someone who is LESS prepared to run the country. This man is a tragic comedy or errors
OR is this being done on purpose? What do you think?
excerpt...
"The time to pay the bill has come, the time of responsibility for all of us tackling this crisis must become the big opportunity to modernize our public life, even if we have to bleed," said financial daily Kerdos.
Prime Minister George Papandreou's government unveiled the plan to overhaul Greece's debt-ridden economy on Sunday after talks with officials from the International Monetary Fund (IMF) and European Union (EU).
It foresees a massive fiscal adjustment driven primarily by cuts in the country's bloated public sector, which makes up roughly a third of the workforce.
A public sector pay freeze was extended until 2014 and treasured holiday bonuses will be scrapped for many employees. Pensions will also be cut.
Center-right newspaper Eleftheros Typos said the government was telling Greeks that they must die in order to live, describing the economic medicine it was doling out as "more harmful than the disease."
Ta Nea, a centrist daily, said the way of life Greeks had become accustomed to had come to an end on Sunday, while center-left Eleftherotypia deemed the measures unfair because they would hit average wage earners and pensioners hardest.
Center-left Ethnos said the austerity would mean "asphyxiation" for the Greek people and a "violent modernization" for the economy, which according to new government projections will contract by 4.0 percent this year and 2.6 percent in 2011
http://www.reuters.com/article/idUSTRE64鈥?/a>|||The Utopian dream of equality, in poverty, for everyone (except multi-millionaire elitist dems like Al Gore).|||I know if the GDP keeps growing like this, we may all have money again. Oh the nightmares!|||Obama is doing what OBAMA said is guaranteed to cause the same problem but there's an important difference.
The Greek government is recognizing its own spending is the problem; Obama has already claimed more-of-the-same is the solution.
Yep. OBAMA said the problem is too much spending and that to fix it we need to spend more.|||It's not just Obama.
The politicians of both parties have been looting the economy for decades, to benefit their cronies, their special interests and themselves.
Overspending has accomplished nothing but to make these cronies richer, at the taxpayers' expense while running up the deficit.
The tax revenues aren't adequate to keep the loot flowing to the cronies, so they have to borrow huge amounts.
Obama promised during his campaign to eliminate pork and earmarks, and has done nothing to stop this profligate waste of the wealth of America.
the situation in Greece is like a picnic in the park, compared with the spectacular collapse that we will see here in the USA when it finally hits the fan.
But the insane orgy of spending by Obama and Congress continues unabated.
It won't change until we finally run out of money, or until the voters/taxpayers finally wake up and quit electing and reelecting the same gangs of liars and thieves who are ruining our nation.|||Sure, but Obama's policies on spending aren't reckless; they're necessary. Obama inherited a country already on the fast track to bankruptcy. His first priority was to get our economy growing and Americans working again. After that is achieved, he can worry about spending again. Trying to cut government spending during the middle of a recession would exacerbate the recession since the government will need to eliminate or re-work many of its private contracts. Government spending can keep businesses operating until private streams of revenue are available again.|||What's Greece have to do with us? We are not part of any union of countries.
Grasping at straws are you?
How else will we give the economy a jump start?
Maybe just give all those who make less than $25k/yr a $5 raise? I'm all for that.
The EU is like the states, some produce more than others.
Didn't they realize this before it was formed?|||Just give him a chance !|||nope
Can anyone see a parallel path with Argentina the USA is taking?
Careful now, this is going to require some time and thinking to answer. Every item listed here is a historical fact. So you can't say we have not been warned.
Don't Cry for Me Argentina (Soon to be America)
This is a history lesson. It happened in Argentina, it could happen in the U.S.
In the early 20th century, Argentina was one of the richest countries in the world. While Great Britain’s maritime power and its far-flung empire had propelled it to a dominant position among the world’s industrialized nations, only the United States challenged Argentina for the position of the world’s second-most powerful economy.
Like the United States, Argentina was blessed with abundant agriculture, vast swaths of rich farmland laced with navigable rivers, and an accessible port system. Its level of industrialization was higher than many European countries; railroads, automobiles, and telephones were commonplace.
In 1916, Argentina elected a new president. Hipólito Irigoyen had formed a party called The Radicals under the banner of “fundamental change” with an appeal to the middle class.
Among Irigoyen’s changes: mandatory pension insurance, mandatory health insurance, and support for low-income housing construction to stimulate the economy. Put simply, the state assumed economic control of a vast swath of the country’s operations and began assessing new payroll taxes to fund its efforts.
With an increasing flow of funds into these entitlement programs, the government’s payouts soon became overly generous. Before long its outlays surpassed the value of the taxpayers’ contributions. Put simply, it quickly became under-funded, much like the United States’ Social Security and Medicare programs.
The death knell for the Argentine economy, however, came with the election of Juan Perón. Perón had a fascist and corporatist upbringing; he and his charismatic wife, Eva, aimed their populist rhetoric at the nation’s rich.
This targeted group “swiftly expanded to cover most of the propertied middle classes, who became an enemy to be defeated and humiliated.”
Under Perón, the size of government bureaucracies exploded through massive programs of social spending and by encouraging the growth of labor unions.
High taxes and economic mismanagement took their inevitable toll even after Perón had been driven from office. However, his populist rhetoric and “contempt for economic realities” lived on. Argentina’s federal government continued to spend far beyond its means.
Hyperinflation exploded in 1989, the final stage of a process characterized by “industrial protectionism, redistribution of income based on increased wages, and growing state intervention in the economy…”
The Argentinian government’s practice of printing money to pay off its public debts had crushed the economy. Inflation hit 3000%, reminiscent of the Weimar Republic. Food riots were rampant; stores were looted; the country descended into chaos.
By 1994, Argentina’s public pensions — the equivalent of Social Security — had imploded. The payroll tax had increased from 5% to 26%, but it was not enough. In addition, Argentina had implemented a value-added tax (VAT), new income taxes, a personal tax on wealth, and additional revenues based upon the sale of public enterprises. These crushed the private sector, further damaging the economy.
A government-controlled “privatization” effort to rescue seniors’ pensions was attempted. However, by 2001, those funds had also been raided by the government, the monies replaced by Argentina’s defaulted government bonds.
By 2002, “…government fiscal irresponsibility… induced a national economic crisis as severe as America’s Great Depression.”
In 1902, Argentina was one of the world’s richest countries. Little more than a hundred years later, it is poverty-stricken, struggling to meet its debt obligations amidst a drought.
The Democrat Party’s populist plans for the U.S. cannot possibly work, because government bankrupts everything it touches. History teaches us that ObamaCare and unfunded entitlement programs will be utter, complete disasters.
The Democrat Party leaders of today are guilty of more than stupidity; they are enslaving future generations to poverty and misery. And they will be long gone when it all implodes. They will be as cold and dead as Juan Perón when the piper must ultimately be paid.
Do you see the parallel path?|||Do I see the parallel path? Yes, and not just with the USA. Change the names and a few details and that story has been told over and over again in many different countries. The best you can do is protect yourself; an ordinary citizen cannot save an entire country.
Here is where we are at in the USA:
The current administration has already added about 1.5 trillion in new money into circulation. This is roughly equal to 170% of the previous total amount of money in circulation (http://research.stlouisfed.org/fred2/ser… History tells us that new money added to circulation takes about 2 years to work its way into the system and manifest its inflationary effects (the banks are still sitting on piles of the bailout money), so we have some time. Be aware, a TRILLION is a lot of money. %26amp; there is no way that the Fed will be able to back this $ out of the economy in time without raising rates to 45% tomorrow. How can we not have hyperinflation?
Once high rates of inflation are apparent, foreign governments will see the value of their US bonds falling and will probably begin dumping their holdings of dollars, thus accelerating hyperinflation. Once the cost of everything is skyrocketing, the government will not be able to collect taxes fast enough, and it will have to resort to printing even more money (as happened in Germany about 100 years ago when 99% of their government spending was with printed money and only 1% from tax receipts) further speeding up the hyperinflationary death spiral.
What seems to matter as far as initiating hyperinflation appears to be when government deficit spending via printing money increases to about 1/3rd of revenue. When a country crosses this line, hyperinflation starts sometime in the future, but nobody really knows how long in the future. The USA just crossed this line for the 1st time.
Inflation, or in a severe case, hyperinflation, is a local event; it does not affect currencies in foreign countries, and may even help their stock markets via shifting purchasing power to unaffected countries. It will be very bad for anyone who is not prepared.
http://swisssolution.webs.com/
If you have access to your foreign money in a foreign country, you are safe from hyperinflation, as well as bank failures that may result. In today's world, Swiss banks can issue debit or credit cards that are good just about everywhere, so you can still spend as you need to. The money you spend via debit or credit card would not be converted into the depreciating currency until the instant that the sale takes place.|||It's well known that the primary responsibility lies with the free market fundamentalism they attempted. THAT was the death knell.
Argentina agreed to the IMF, World Bank, and WTO conditions in the 90s.
"A government-controlled “privatization” effort to rescue seniors’ pensions was attempted. However, by 2001, those funds had also been raided by the government, the monies replaced by Argentina’s defaulted government bonds. "
Wow. Where should I start? Blaming government for privatization? As opposed to socialization?
Here's what it comes down to: You are taking cherry-picking to the extreme. South Korea's state owned enterprises accounted for twice as much output as Argentina's. But you aren't talking about South Korea...
Also, some of the world's best known companies have been or are owned by governments. For instance, VW's largest shareholder is one of the German states. Singapore Airlines(one of the world's most popular) is owned by the Singapore government.|||woah yes thats very similiar, scary to say the least.|||All the countries in Latin America have had slow economic growth and ended up much poorer than the US. All the countries in Western Europe have had growth rates similar to the US and have incomes and GDP per capita similar to that in the US. Since the countries in Western Europe have extensive social warfare programs and those in Latin America for the most part do not, Your explanation for why Argentina fail to grow is far from convincing. The most common explanation is that the extreme concentration of wealth in Latin American countries gave the wealthy power over the government creating policies that protected their privilege by stifling competition.
Don't Cry for Me Argentina (Soon to be America)
This is a history lesson. It happened in Argentina, it could happen in the U.S.
In the early 20th century, Argentina was one of the richest countries in the world. While Great Britain’s maritime power and its far-flung empire had propelled it to a dominant position among the world’s industrialized nations, only the United States challenged Argentina for the position of the world’s second-most powerful economy.
Like the United States, Argentina was blessed with abundant agriculture, vast swaths of rich farmland laced with navigable rivers, and an accessible port system. Its level of industrialization was higher than many European countries; railroads, automobiles, and telephones were commonplace.
In 1916, Argentina elected a new president. Hipólito Irigoyen had formed a party called The Radicals under the banner of “fundamental change” with an appeal to the middle class.
Among Irigoyen’s changes: mandatory pension insurance, mandatory health insurance, and support for low-income housing construction to stimulate the economy. Put simply, the state assumed economic control of a vast swath of the country’s operations and began assessing new payroll taxes to fund its efforts.
With an increasing flow of funds into these entitlement programs, the government’s payouts soon became overly generous. Before long its outlays surpassed the value of the taxpayers’ contributions. Put simply, it quickly became under-funded, much like the United States’ Social Security and Medicare programs.
The death knell for the Argentine economy, however, came with the election of Juan Perón. Perón had a fascist and corporatist upbringing; he and his charismatic wife, Eva, aimed their populist rhetoric at the nation’s rich.
This targeted group “swiftly expanded to cover most of the propertied middle classes, who became an enemy to be defeated and humiliated.”
Under Perón, the size of government bureaucracies exploded through massive programs of social spending and by encouraging the growth of labor unions.
High taxes and economic mismanagement took their inevitable toll even after Perón had been driven from office. However, his populist rhetoric and “contempt for economic realities” lived on. Argentina’s federal government continued to spend far beyond its means.
Hyperinflation exploded in 1989, the final stage of a process characterized by “industrial protectionism, redistribution of income based on increased wages, and growing state intervention in the economy…”
The Argentinian government’s practice of printing money to pay off its public debts had crushed the economy. Inflation hit 3000%, reminiscent of the Weimar Republic. Food riots were rampant; stores were looted; the country descended into chaos.
By 1994, Argentina’s public pensions — the equivalent of Social Security — had imploded. The payroll tax had increased from 5% to 26%, but it was not enough. In addition, Argentina had implemented a value-added tax (VAT), new income taxes, a personal tax on wealth, and additional revenues based upon the sale of public enterprises. These crushed the private sector, further damaging the economy.
A government-controlled “privatization” effort to rescue seniors’ pensions was attempted. However, by 2001, those funds had also been raided by the government, the monies replaced by Argentina’s defaulted government bonds.
By 2002, “…government fiscal irresponsibility… induced a national economic crisis as severe as America’s Great Depression.”
In 1902, Argentina was one of the world’s richest countries. Little more than a hundred years later, it is poverty-stricken, struggling to meet its debt obligations amidst a drought.
The Democrat Party’s populist plans for the U.S. cannot possibly work, because government bankrupts everything it touches. History teaches us that ObamaCare and unfunded entitlement programs will be utter, complete disasters.
The Democrat Party leaders of today are guilty of more than stupidity; they are enslaving future generations to poverty and misery. And they will be long gone when it all implodes. They will be as cold and dead as Juan Perón when the piper must ultimately be paid.
Do you see the parallel path?|||Do I see the parallel path? Yes, and not just with the USA. Change the names and a few details and that story has been told over and over again in many different countries. The best you can do is protect yourself; an ordinary citizen cannot save an entire country.
Here is where we are at in the USA:
The current administration has already added about 1.5 trillion in new money into circulation. This is roughly equal to 170% of the previous total amount of money in circulation (http://research.stlouisfed.org/fred2/ser… History tells us that new money added to circulation takes about 2 years to work its way into the system and manifest its inflationary effects (the banks are still sitting on piles of the bailout money), so we have some time. Be aware, a TRILLION is a lot of money. %26amp; there is no way that the Fed will be able to back this $ out of the economy in time without raising rates to 45% tomorrow. How can we not have hyperinflation?
Once high rates of inflation are apparent, foreign governments will see the value of their US bonds falling and will probably begin dumping their holdings of dollars, thus accelerating hyperinflation. Once the cost of everything is skyrocketing, the government will not be able to collect taxes fast enough, and it will have to resort to printing even more money (as happened in Germany about 100 years ago when 99% of their government spending was with printed money and only 1% from tax receipts) further speeding up the hyperinflationary death spiral.
What seems to matter as far as initiating hyperinflation appears to be when government deficit spending via printing money increases to about 1/3rd of revenue. When a country crosses this line, hyperinflation starts sometime in the future, but nobody really knows how long in the future. The USA just crossed this line for the 1st time.
Inflation, or in a severe case, hyperinflation, is a local event; it does not affect currencies in foreign countries, and may even help their stock markets via shifting purchasing power to unaffected countries. It will be very bad for anyone who is not prepared.
http://swisssolution.webs.com/
If you have access to your foreign money in a foreign country, you are safe from hyperinflation, as well as bank failures that may result. In today's world, Swiss banks can issue debit or credit cards that are good just about everywhere, so you can still spend as you need to. The money you spend via debit or credit card would not be converted into the depreciating currency until the instant that the sale takes place.|||It's well known that the primary responsibility lies with the free market fundamentalism they attempted. THAT was the death knell.
Argentina agreed to the IMF, World Bank, and WTO conditions in the 90s.
"A government-controlled “privatization” effort to rescue seniors’ pensions was attempted. However, by 2001, those funds had also been raided by the government, the monies replaced by Argentina’s defaulted government bonds. "
Wow. Where should I start? Blaming government for privatization? As opposed to socialization?
Here's what it comes down to: You are taking cherry-picking to the extreme. South Korea's state owned enterprises accounted for twice as much output as Argentina's. But you aren't talking about South Korea...
Also, some of the world's best known companies have been or are owned by governments. For instance, VW's largest shareholder is one of the German states. Singapore Airlines(one of the world's most popular) is owned by the Singapore government.|||woah yes thats very similiar, scary to say the least.|||All the countries in Latin America have had slow economic growth and ended up much poorer than the US. All the countries in Western Europe have had growth rates similar to the US and have incomes and GDP per capita similar to that in the US. Since the countries in Western Europe have extensive social warfare programs and those in Latin America for the most part do not, Your explanation for why Argentina fail to grow is far from convincing. The most common explanation is that the extreme concentration of wealth in Latin American countries gave the wealthy power over the government creating policies that protected their privilege by stifling competition.
What is the cause of the world wide economic recession?
Do we really think that housing prices in the United States can lead to an economic recession throughout the entire world? That seems too far fetched to possibly believe. How can one nation's derivative crisis affect all nations unless those nations are already together in the problem. Isn't this all just media hype? And why would they want us to think the economy is in a recession? Perhaps to distract us from the failed wars in the Middle East or the falling dollar crisis. Why would the entire world be in an economic recession and hype it up? Maybe to bring in a new world order? I know you don't have much say in politics, let alone world politics, but they wouldn't be spending billions of dollars on media propaganda if they didn't need public support. And although the majority of the public is in the dark about the real issues, and the elite use this ignorance to their advantage, you as an individual can at least educate yourself on the real causes of the economic recession, namely the fiat currency that is controlled by the central banks of all countries. The major currencies, such as the dollar, yen, franc, pound, and euro, are controlled by elite powers and even the stock market is regulated by hidden hands of the government. While capitalism in theory may not last forever, it is still the basis of how the world economy operates, and now is a crucial time to be educating yourself on what true capitalism is, instead of blaming capitalism for a problem that was caused by socialist engineering and jumping on the socialist boat with all the other countries in the world. Pretty soon, America is no longer going to be the hegemony in the world, because socialism does not allow that. America will be no greater than the other European countries. So for the sake of yourself and your children, educate yourself on what is really happening in the world by looking towards alternative media, alternative religions aside from the three main religions of Christianity, Islam, and Judaism, learn to be a productive and wealthy member of society by not burying yourself in debt and playing along with societies notion of what is official and what is authorized. And take pride in your virtuous characteristics, your ability to discriminate, and take pride in your race, no matter what it is. Remember that depression is a psychological disease and can not be cured by drugs.|||I think you are correct, the new world order is coming.
The only think we can do is not feed the beast. Question everything and live your life for yourself , not for other's ideas of what is the common good.|||Greed and corruption.|||Obama, the nut-case!|||Greed, greed, greed.|||Lawlessness of Company Executives.|||Well said Julian! As Rahm Emanuel said, "Never let a good crisis go to waste". They certainly are making good use of this one to promote socialism. Of course it never does work, does it. It will result in shared misery and they will look for someone to blame. As Margaret Thatcher once said, "The problem with socialism is that eventually you run out of other people's money".|||Let me state a few things.
1. Almost all new growth in the US economy was linked to real estate from 2002-2006. How did this happen? Hmm... The Fed lowered the interest rate to 1%. Ridiculous and they've done it again recently, and this time even closer to near zero. I can see another bubble coming up in a few years. To any idiot who yells greed, go get a life: that's how the market works and if you really think oil companies are gouging you, a roof exists - when you can't afford gas, you and others don't buy and they lower the price.
2. Now with the real estate crashing, there's no growth and the economy is shrinking.
3. The USA has the biggest trade deficit on the planet: it imports 5X what it exports. And guess what? All the exporting nations are getting hit and it becomes global.|||That is a easy question to answer its called: G.W Bush
The only think we can do is not feed the beast. Question everything and live your life for yourself , not for other's ideas of what is the common good.|||Greed and corruption.|||Obama, the nut-case!|||Greed, greed, greed.|||Lawlessness of Company Executives.|||Well said Julian! As Rahm Emanuel said, "Never let a good crisis go to waste". They certainly are making good use of this one to promote socialism. Of course it never does work, does it. It will result in shared misery and they will look for someone to blame. As Margaret Thatcher once said, "The problem with socialism is that eventually you run out of other people's money".|||Let me state a few things.
1. Almost all new growth in the US economy was linked to real estate from 2002-2006. How did this happen? Hmm... The Fed lowered the interest rate to 1%. Ridiculous and they've done it again recently, and this time even closer to near zero. I can see another bubble coming up in a few years. To any idiot who yells greed, go get a life: that's how the market works and if you really think oil companies are gouging you, a roof exists - when you can't afford gas, you and others don't buy and they lower the price.
2. Now with the real estate crashing, there's no growth and the economy is shrinking.
3. The USA has the biggest trade deficit on the planet: it imports 5X what it exports. And guess what? All the exporting nations are getting hit and it becomes global.|||That is a easy question to answer its called: G.W Bush
What do you think NEW BUCHANAN BOOK DECLARES 'END OF AMERICA'?
Please this takes a minute to read. If reading for more than a minute is a hardship please skip this question.
"America is in an existential crisis from which the nation may not survive." The U.S. Army is breaking and is too small to meet America’s global commitments. The dollar has sunk to historic lows and is being abandoned by foreign governments. U.S. manufacturing is being hollowed out. The greatest invasion in history, from the Third World, is swamping the ethno-cultural core of the country, leading to Balkanization and the loss of the Southwest to Mexico.The culture is collapsing and the nation is being deconstructed along the lines of race and class. A fiscal crisis looms as the unfunded mandates of Social Security and Medicare remain unaddressed. All these crises are hitting America at once -- a perfect storm of crises. Specifically, Buchanan contends:• Pax Americana, the era of U.S. global dominance, is over. A struggle for global hegemony has begun among the United States, China, a resurgent Russia and radical Islam.• Bush’s invasion of Iraq was a product of hubris and of ideology, a secular religion of “democratism,” to which Bush was converted in the days following 9/11.• Torn asunder by a culture war, America has now begun to break down along class, ethnic and racial lines. • The greatest threat to U.S. sovereignty and independence is the scheme of a global elite to erase America’s borders and merge the USA, Mexico and Canada into a North American Union.• Free trade is shipping jobs, factories and technology to China and plunging America into permanent dependency and unpayable debt. One of every six U.S. manufacturing jobs vanished under Bush.• “Sovereign Wealth Funds,” controlled by foreign regimes and stuffed with trillions of dollars from U.S. trade deficits, are buying up strategic corporate assets vital to America’s security.• As U.S. wages are stagnant, corporate CEOs are raking in rising pay and benefits 400 to 500 times that of their workers.• The Third World invasion through Mexico is a graver threat to our survival as one nation than anything happening in Afghanistan or Iraq.* European-Americans, 89% of the nation when JFK took the oath, are now 66% and sinking. Before 2050, America is a Third World nation.• By 2060, America will add 167 million people and 105 million immigrants will be here, triple the 37 million today. • Hispanics will be over 100 million in 2050 and concentrated in a Southwest most Mexicans believe belongs to them.Buchanan’s Recommendations:• A new foreign-defense policy that closes most of the 1000 bases overseas, reviews all alliances, and brings home U.S. troops.• A purge of neoconservative ideology and the “Cakewalk” crowd” from national power.• To avert a second Cold War, the United States should “get out of Russia’s space and get out of Russia’s face,” and shut down all U.S. bases on the soil of the former Soviet Union.• To reach a cold peace in the culture war, Buchanan urges a return to federalism and the overthrow of our judicial dictatorship by Congressionally mandated restrictions on the jurisdiction of the Supreme Court..• To end the trade deficits and save the dollar, Buchanan urges a Hamiltonian solution: a 20% Border Equity Tax on imports, with the $500 billion raised to be used to end taxation on American producers.• To prevent America becoming “a tangle of squabbling nationalities” Buchanan urges: No amnesty for the 12-20 million illegal aliens; a border fence from San Diego to Brownsville; Congressional declarations that children born to illegal aliens are not citizens and English is the language of the United States; and a “timeout” on all immigration.
http://www.drudgereport.com/flash9pb.htm|||He's totally right !!!
But Americans are a sleep at the switch .
There none so blind as those that will not see .|||I can't stand the man, but I have never heard better sense from anyone else regarding the looming fate of this country.
|||We Canadians don't want to join the US, as we would lose all of our natural resources.
|||sounds like you found a good, weak enemy to rally around. the poor indiginous mexican. good going. it's smart to make a scapegoat out of the weak and powerless. that way they can't fight back.|||Buchanan is taking your money and laughing all the way to the bank.
Every four years he rolls up the sleves of his brown shirt and writes a book blaming everyone who even has a decent tan for the coming destruction of Freedom, Religion, God, Motherhood, Apple Pie, Life, the Universe, and Everything.
Sometimes he even "runs for President" so he can get Federal Matching Funds for his book tour. Guess he skipped that step this year. Pity, it was fun to watch gullible right wingers send him donations to promote his book tour (oh excuse me, campaign) as his sister played "Press Secretary" and "Campaign Manager".
Then he says lots of stupid things so as to get lots of air time to further promote his book. Then he drops out of the race without getting a single vote, and his sister winds up as a talking head on CNN... saying stupid things while taking huge checks from the same "biased liberal media" she trashed out during the book tour/campaign.
Lots of stupid right wingers run out and buy his book. They push it on their friends thinking they are being "brave" and "patriotic" and "saving the nation" and "waking up the country" when all they are doing is flacking for a book that had no original ideas or work in it... a regurgitation of prior work that is logic free, and something Pat only wrote because he wants a second house in Vail.
Dude, you are being taken. He really only cares about the money. That's it... he's in it for the money.
And you are spending your free time creating free on line ads for him.|||If you know what you're reading, there is nothing to back this information except OPINIONS. That's all it is. If he wants to state his predictions intelligently, he'd say how he came to those conclusions.
BTW - There is nothing wrong with this country being mixed in race and ethnicity. I've learned and grown so much from my ethnic friends... (being military, I've had this opportunity and I'm grateful for it!)
And another HUGE clue to this guy being waaaaaaaaay off base...
There are NO U.S. Bases on the soil of the former Soviet Union. I know this because our military GOES there on a regular basis and has to land in THEIR airports EVERY Time.
I hope you're not a supporter of this article...
And the way the guy jumps around from point to point is another clue he doesn't have a stable argument about any of it... People like him irritate the **** out of me - and I'm a NICE person!!|||I assume you know that Buchanan and Ron Paul have a lot in common.
They are both right.|||Some people are so oblivious to what is happening around them it is STAGGERING(look at the clueless answerers above me). This is happening folks, whether you like it or not, and it looks like we are at the climax in our history. Buchanan is not a lunatic, not a partisan, not a racist, he is a person with COMMON SENSE and frankly is a GENIUS. NAFTA, globalization, illegal immigration, declining white population, and everything else. This is so true.
Again, it is scary not only how this book is revealing what is happening and will happen, but that a decent minority of people have NO CLUE as to what is happening, and they call him a lunatic. OPEN YOUR eyes you idiots(people who don't believe/understand him).
Buchanan is right. Google NAFTA. Google lllegal immigation. Google everything he talks about. Research it a little.You may be in for a suprise.|||Some people can’t get their head out of the sand no matter what. Jobs are disappearing, wages are shrinking, hope for a better life for the poor is vastly dimished with millions upon millions of illegal invaders flooding the country. Good bye, middle class. Hello, third world nation!|||Buchanan is a full blown racist.
First he used to pick on Blacks, now he found an easier target in poor Mexicans since he's too scared of Blacks.|||right....all the US's problems stem from pedro the gardner and lupe the maid.....nothing to do with overspending and not savings my middle-class americans'''or gas addicted SUV driving upper class...or meth addicted America that had surged crime......its alot easier to point the finger
"America is in an existential crisis from which the nation may not survive." The U.S. Army is breaking and is too small to meet America’s global commitments. The dollar has sunk to historic lows and is being abandoned by foreign governments. U.S. manufacturing is being hollowed out. The greatest invasion in history, from the Third World, is swamping the ethno-cultural core of the country, leading to Balkanization and the loss of the Southwest to Mexico.The culture is collapsing and the nation is being deconstructed along the lines of race and class. A fiscal crisis looms as the unfunded mandates of Social Security and Medicare remain unaddressed. All these crises are hitting America at once -- a perfect storm of crises. Specifically, Buchanan contends:• Pax Americana, the era of U.S. global dominance, is over. A struggle for global hegemony has begun among the United States, China, a resurgent Russia and radical Islam.• Bush’s invasion of Iraq was a product of hubris and of ideology, a secular religion of “democratism,” to which Bush was converted in the days following 9/11.• Torn asunder by a culture war, America has now begun to break down along class, ethnic and racial lines. • The greatest threat to U.S. sovereignty and independence is the scheme of a global elite to erase America’s borders and merge the USA, Mexico and Canada into a North American Union.• Free trade is shipping jobs, factories and technology to China and plunging America into permanent dependency and unpayable debt. One of every six U.S. manufacturing jobs vanished under Bush.• “Sovereign Wealth Funds,” controlled by foreign regimes and stuffed with trillions of dollars from U.S. trade deficits, are buying up strategic corporate assets vital to America’s security.• As U.S. wages are stagnant, corporate CEOs are raking in rising pay and benefits 400 to 500 times that of their workers.• The Third World invasion through Mexico is a graver threat to our survival as one nation than anything happening in Afghanistan or Iraq.* European-Americans, 89% of the nation when JFK took the oath, are now 66% and sinking. Before 2050, America is a Third World nation.• By 2060, America will add 167 million people and 105 million immigrants will be here, triple the 37 million today. • Hispanics will be over 100 million in 2050 and concentrated in a Southwest most Mexicans believe belongs to them.Buchanan’s Recommendations:• A new foreign-defense policy that closes most of the 1000 bases overseas, reviews all alliances, and brings home U.S. troops.• A purge of neoconservative ideology and the “Cakewalk” crowd” from national power.• To avert a second Cold War, the United States should “get out of Russia’s space and get out of Russia’s face,” and shut down all U.S. bases on the soil of the former Soviet Union.• To reach a cold peace in the culture war, Buchanan urges a return to federalism and the overthrow of our judicial dictatorship by Congressionally mandated restrictions on the jurisdiction of the Supreme Court..• To end the trade deficits and save the dollar, Buchanan urges a Hamiltonian solution: a 20% Border Equity Tax on imports, with the $500 billion raised to be used to end taxation on American producers.• To prevent America becoming “a tangle of squabbling nationalities” Buchanan urges: No amnesty for the 12-20 million illegal aliens; a border fence from San Diego to Brownsville; Congressional declarations that children born to illegal aliens are not citizens and English is the language of the United States; and a “timeout” on all immigration.
http://www.drudgereport.com/flash9pb.htm|||He's totally right !!!
But Americans are a sleep at the switch .
There none so blind as those that will not see .|||I can't stand the man, but I have never heard better sense from anyone else regarding the looming fate of this country.
Report Abuse
|||We Canadians don't want to join the US, as we would lose all of our natural resources.
Report Abuse
|||sounds like you found a good, weak enemy to rally around. the poor indiginous mexican. good going. it's smart to make a scapegoat out of the weak and powerless. that way they can't fight back.|||Buchanan is taking your money and laughing all the way to the bank.
Every four years he rolls up the sleves of his brown shirt and writes a book blaming everyone who even has a decent tan for the coming destruction of Freedom, Religion, God, Motherhood, Apple Pie, Life, the Universe, and Everything.
Sometimes he even "runs for President" so he can get Federal Matching Funds for his book tour. Guess he skipped that step this year. Pity, it was fun to watch gullible right wingers send him donations to promote his book tour (oh excuse me, campaign) as his sister played "Press Secretary" and "Campaign Manager".
Then he says lots of stupid things so as to get lots of air time to further promote his book. Then he drops out of the race without getting a single vote, and his sister winds up as a talking head on CNN... saying stupid things while taking huge checks from the same "biased liberal media" she trashed out during the book tour/campaign.
Lots of stupid right wingers run out and buy his book. They push it on their friends thinking they are being "brave" and "patriotic" and "saving the nation" and "waking up the country" when all they are doing is flacking for a book that had no original ideas or work in it... a regurgitation of prior work that is logic free, and something Pat only wrote because he wants a second house in Vail.
Dude, you are being taken. He really only cares about the money. That's it... he's in it for the money.
And you are spending your free time creating free on line ads for him.|||If you know what you're reading, there is nothing to back this information except OPINIONS. That's all it is. If he wants to state his predictions intelligently, he'd say how he came to those conclusions.
BTW - There is nothing wrong with this country being mixed in race and ethnicity. I've learned and grown so much from my ethnic friends... (being military, I've had this opportunity and I'm grateful for it!)
And another HUGE clue to this guy being waaaaaaaaay off base...
There are NO U.S. Bases on the soil of the former Soviet Union. I know this because our military GOES there on a regular basis and has to land in THEIR airports EVERY Time.
I hope you're not a supporter of this article...
And the way the guy jumps around from point to point is another clue he doesn't have a stable argument about any of it... People like him irritate the **** out of me - and I'm a NICE person!!|||I assume you know that Buchanan and Ron Paul have a lot in common.
They are both right.|||Some people are so oblivious to what is happening around them it is STAGGERING(look at the clueless answerers above me). This is happening folks, whether you like it or not, and it looks like we are at the climax in our history. Buchanan is not a lunatic, not a partisan, not a racist, he is a person with COMMON SENSE and frankly is a GENIUS. NAFTA, globalization, illegal immigration, declining white population, and everything else. This is so true.
Again, it is scary not only how this book is revealing what is happening and will happen, but that a decent minority of people have NO CLUE as to what is happening, and they call him a lunatic. OPEN YOUR eyes you idiots(people who don't believe/understand him).
Buchanan is right. Google NAFTA. Google lllegal immigation. Google everything he talks about. Research it a little.You may be in for a suprise.|||Some people can’t get their head out of the sand no matter what. Jobs are disappearing, wages are shrinking, hope for a better life for the poor is vastly dimished with millions upon millions of illegal invaders flooding the country. Good bye, middle class. Hello, third world nation!|||Buchanan is a full blown racist.
First he used to pick on Blacks, now he found an easier target in poor Mexicans since he's too scared of Blacks.|||right....all the US's problems stem from pedro the gardner and lupe the maid.....nothing to do with overspending and not savings my middle-class americans'''or gas addicted SUV driving upper class...or meth addicted America that had surged crime......its alot easier to point the finger
Africa After 1945 HELPP?
19. Why did the U.S. support the tyrannical reign of Mobutu Sese Seko of Zaire?
A. The U.S. did not support Mobutu Sese Seko. B. The U.S. was afraid of sanctions being imposed on them by Zaire
C. He was an ally in the Cold War and also provided the U.S. with easy, unregulated access to his country's mineral exports. D. No answer is correct.
20. Why did many of the new African leaders support the Communist doctrine of the Soviets?
A. The Soviet Union provided many of the African leaders with money and military support. B. Communist doctrine was appealing to them after suffering years of exploitation and inequality at the hands of European capitalists. C. The Soviet Union criticized the brutality and imperialism of the colonialists. D. All of the answers are correct.
21. Which African country's government sponsors death squads known as the the Janjawid, who kill and terrorie farmers in Darfur?
A. Nigeria B. Sudan
C. Rwanda C. The Democratic Republic of Congo
22. Nelson Mandela was an active member of which group that fought to get rid of apartheid in South Africa?
A. The Black Panthers B. The African National Congress
C. The Inkatha Freedom Party (IFP) D. The South African Liberation Movement
23. Which of the following actions did the U.S. and UN undertake to halt the killings in Rwanda?
A. They imposed stringent economic and political sanctions on Rwanda. B. They conducted air raids, bombing several Hutu villages.
C. As soon as the crisis started, they sent in large numbers of peacekeeping troops. D. No answer is correct.
24. During the time Nelson Mandela was president of South Africa, he worked tirelessly to _____.
A. end racial and ethnic conflicts B. encourage wealthy, professional whites to stay in South Africa
C. build a stronger and wealthier nation D. All of the answers are correct.
25. How does South Africa differ from Nigeria, the Congo, and most other African countries since independence?
A. It has never experienced a coup d鈥櫭﹖at. B. It has a flourishing economy that attracts workers from all over Africa. C. It has a diversified economy and a well-developed tourist industry. D. All of the answers are correct.
26. All of the following are challenges faced by Africa today EXCEPT _____.
A. a stagnant economy due to political unrest and inadequate financial resources B. corrupt government officials stealing state funds for themselves
C. demand for the continent's exports exceeds supply D. it is home to the largest population of AIDS sufferers
27. Which of the following statements about AIDS in Africa is true?
A. As of 2006, less than 1 million people have died of AIDS in Africa. B. Africa's elderly are the most susceptible to the virus that causes AIDS.
C. Only children die of AIDS in Africa. D. Africa houses over 60% of the world's AIDS population.
28. Which of the following factors has NOT contributed to the spread of AIDS in Africa?
A. Lack of education B. Poverty
C. Overindulgence in rich food D. A large population of migrant, male workers
29. Which of the following is NOT an effect of corruption in Africa?
A. Skilled and educated people spend time engaging in corruption rather than productive labor. B. The corrupt minor elite are able to maintain a tight hold on power and wealth.
C. Other countries are willing to increase aid because the public funds have been diverted. D. Money intended for public use and national development end up in private pockets.
30. Which of the following is NOT a reason that African countries cannot repay their debts?
A. Lower prices are being paid for African exports, so African countries are poorer. B. The lenders have lowered interest rates and forgiven parts of Africa's debt. C. Oil prices have increased, so Africans have to use more of their money for oil imports and have less money for paying off the debt. D. They are locked in a vicious cycle where they need to borrow more money in order to make payments on existing debts.
31. One good argument against forgiving Africa's debt would be because _____.
A. there is no guarantee that the African states will use the money saved to help their poor and develop their economies B. Africa has the money to repay her debt, but chooses not to do so
C. forgiving the debt hurts the poorest Africans the most D. the World Bank and the IMF are almost bankrupt and they need the money
32. All of the following are challeges for Africa, EXCEPT _____.
A. lack of natural resources B. an enormous debt burden
C.the AIDS epidemic D.corrupt governments|||One or two of these, I might have answered; but ALL of them? Please, do your own homework.
A. The U.S. did not support Mobutu Sese Seko. B. The U.S. was afraid of sanctions being imposed on them by Zaire
C. He was an ally in the Cold War and also provided the U.S. with easy, unregulated access to his country's mineral exports. D. No answer is correct.
20. Why did many of the new African leaders support the Communist doctrine of the Soviets?
A. The Soviet Union provided many of the African leaders with money and military support. B. Communist doctrine was appealing to them after suffering years of exploitation and inequality at the hands of European capitalists. C. The Soviet Union criticized the brutality and imperialism of the colonialists. D. All of the answers are correct.
21. Which African country's government sponsors death squads known as the the Janjawid, who kill and terrorie farmers in Darfur?
A. Nigeria B. Sudan
C. Rwanda C. The Democratic Republic of Congo
22. Nelson Mandela was an active member of which group that fought to get rid of apartheid in South Africa?
A. The Black Panthers B. The African National Congress
C. The Inkatha Freedom Party (IFP) D. The South African Liberation Movement
23. Which of the following actions did the U.S. and UN undertake to halt the killings in Rwanda?
A. They imposed stringent economic and political sanctions on Rwanda. B. They conducted air raids, bombing several Hutu villages.
C. As soon as the crisis started, they sent in large numbers of peacekeeping troops. D. No answer is correct.
24. During the time Nelson Mandela was president of South Africa, he worked tirelessly to _____.
A. end racial and ethnic conflicts B. encourage wealthy, professional whites to stay in South Africa
C. build a stronger and wealthier nation D. All of the answers are correct.
25. How does South Africa differ from Nigeria, the Congo, and most other African countries since independence?
A. It has never experienced a coup d鈥櫭﹖at. B. It has a flourishing economy that attracts workers from all over Africa. C. It has a diversified economy and a well-developed tourist industry. D. All of the answers are correct.
26. All of the following are challenges faced by Africa today EXCEPT _____.
A. a stagnant economy due to political unrest and inadequate financial resources B. corrupt government officials stealing state funds for themselves
C. demand for the continent's exports exceeds supply D. it is home to the largest population of AIDS sufferers
27. Which of the following statements about AIDS in Africa is true?
A. As of 2006, less than 1 million people have died of AIDS in Africa. B. Africa's elderly are the most susceptible to the virus that causes AIDS.
C. Only children die of AIDS in Africa. D. Africa houses over 60% of the world's AIDS population.
28. Which of the following factors has NOT contributed to the spread of AIDS in Africa?
A. Lack of education B. Poverty
C. Overindulgence in rich food D. A large population of migrant, male workers
29. Which of the following is NOT an effect of corruption in Africa?
A. Skilled and educated people spend time engaging in corruption rather than productive labor. B. The corrupt minor elite are able to maintain a tight hold on power and wealth.
C. Other countries are willing to increase aid because the public funds have been diverted. D. Money intended for public use and national development end up in private pockets.
30. Which of the following is NOT a reason that African countries cannot repay their debts?
A. Lower prices are being paid for African exports, so African countries are poorer. B. The lenders have lowered interest rates and forgiven parts of Africa's debt. C. Oil prices have increased, so Africans have to use more of their money for oil imports and have less money for paying off the debt. D. They are locked in a vicious cycle where they need to borrow more money in order to make payments on existing debts.
31. One good argument against forgiving Africa's debt would be because _____.
A. there is no guarantee that the African states will use the money saved to help their poor and develop their economies B. Africa has the money to repay her debt, but chooses not to do so
C. forgiving the debt hurts the poorest Africans the most D. the World Bank and the IMF are almost bankrupt and they need the money
32. All of the following are challeges for Africa, EXCEPT _____.
A. lack of natural resources B. an enormous debt burden
C.the AIDS epidemic D.corrupt governments|||One or two of these, I might have answered; but ALL of them? Please, do your own homework.
Is this a good argument about the relation of national health care the war?
is for a group debate in class I have to find the connection between the funding of a national health care system an the war on Iraq, for others to evaluate.
It is Related to the National budget. The government has spent more dollars than it has collected from taxpayers over the past years, especially on the war. And what happens if we do?
Where would the money come from? Well a lot of it has come from the rest of the world and a rise of taxes, that's why many European banks are also feeling the impact of our economy, they lent money to the US, and China provided lots of capital too, purchasing US Bonds, our debt.
How are we going to fund a National Health Care system, with debt?? Foreign Debt.
Currently we import more than we export and we can't just print more dollars to fund the gap, that will only cause a deflation is which is worse than inflation, and more taxes
Deflation creates negative growth in the price of the commodities.
it would lead to more unemployment and reduction in prices,
investors would never lent money to a country in this situation, take the Argentina crisis in 2002 for example deflation discourage national and foreign investors, and unemployment reached 25%.
China has warehouses full of American dollars and bonds.
If they want to blackmail US into some policy that would help them all they have to do it threaten to release a bunch of that money on the market and the US dollar will nosedive. That would seriously hurt the USA economy
any comments, feedback good bad GREAT.
thanks|||I think you need a much better understanding of the world's economics.
Some of your ideas are right, but others are skewed.
Using debt ("printing money") usually causes inflation because it devalues the dollar.
I really doubt Europe is loaning the US funds, or buying our dollars or treasury bonds.
China does not have warehouses full of physical U.S. dollars (although some small countries counterfeit our money.) I also doubt China can blackmail the U.S., even if they wanted to. Remember, we can also tank their economy by not buying anything from them.
Basically, there is not connection between funding the war in Iraq and paying for health care. If you cut the number of troops (who currently have government health insurance) you just add more people to the unemployment rolls and subsidized health care plans the states offer, with no benefit ( of strong national security) for the funds expended. "We the People" must pay taxes to keep our government and country going. I think national health care will probably be funded by stealing the funds from the next generations, who (you are right) will have to pay more taxes, and weaken (maybe kill!) the economy; so I am against nationalized, totally socialized, forced health care.|||idk but im debate also :)
It is Related to the National budget. The government has spent more dollars than it has collected from taxpayers over the past years, especially on the war. And what happens if we do?
Where would the money come from? Well a lot of it has come from the rest of the world and a rise of taxes, that's why many European banks are also feeling the impact of our economy, they lent money to the US, and China provided lots of capital too, purchasing US Bonds, our debt.
How are we going to fund a National Health Care system, with debt?? Foreign Debt.
Currently we import more than we export and we can't just print more dollars to fund the gap, that will only cause a deflation is which is worse than inflation, and more taxes
Deflation creates negative growth in the price of the commodities.
it would lead to more unemployment and reduction in prices,
investors would never lent money to a country in this situation, take the Argentina crisis in 2002 for example deflation discourage national and foreign investors, and unemployment reached 25%.
China has warehouses full of American dollars and bonds.
If they want to blackmail US into some policy that would help them all they have to do it threaten to release a bunch of that money on the market and the US dollar will nosedive. That would seriously hurt the USA economy
any comments, feedback good bad GREAT.
thanks|||I think you need a much better understanding of the world's economics.
Some of your ideas are right, but others are skewed.
Using debt ("printing money") usually causes inflation because it devalues the dollar.
I really doubt Europe is loaning the US funds, or buying our dollars or treasury bonds.
China does not have warehouses full of physical U.S. dollars (although some small countries counterfeit our money.) I also doubt China can blackmail the U.S., even if they wanted to. Remember, we can also tank their economy by not buying anything from them.
Basically, there is not connection between funding the war in Iraq and paying for health care. If you cut the number of troops (who currently have government health insurance) you just add more people to the unemployment rolls and subsidized health care plans the states offer, with no benefit ( of strong national security) for the funds expended. "We the People" must pay taxes to keep our government and country going. I think national health care will probably be funded by stealing the funds from the next generations, who (you are right) will have to pay more taxes, and weaken (maybe kill!) the economy; so I am against nationalized, totally socialized, forced health care.|||idk but im debate also :)
How do you feel about the recent G-20 summit?
At the G-20 summit in London that concluded recently, the G-20 (which is the 19 richest nations in the world, and the entire European Union) pledged a US$1.1T (that's $1,100,000,000 USD) stimulus package to be used to assist developing countries and third world countries during this economic crisis. And our wonderful President, President Barack Hussein Obama, pledged that the United States would pick up 25% of the tab ($275,000,000 USD) - leaving the remaining $825,000,000 to be paid by the remaining 18 nations and the European Union of the G-20.\
Furthermore, President Barack Hussein Obama supported a measure proposed that would form a "financial stability forum" to work with the IMF that would promote "global co-operation" and work to "provide an early-warning system for future financial crisis". What this means is that it puts the financial systems of the G-20 (including our's) under the review and control of a board (of which America will have no members) to oversee everything and make changes they see as fit.
Does this frighten anyone else? Obama just put us further in debt (to the tune of $275,000,000 USD) and signed away a portion of our national sovereignty to foreigners.
http://en.wikipedia.org/wiki/2009_G-20_L…|||It is scary to think that Obama - this thug from Chicago, is huddled across the ocean with all the world leaders deciding our fate. When these leaders denounced Capitalism and blamed it for the worlds problems - did the American representative - Obama - DEFEND Capitalism? Did he defend our Constitution? Did he defend America and its taxpayers? The answer is a resounding NO!
All these supposed “brilliant” world leaders gather together and the best they can do is the same old crap that Obama is doing - PRINT and SPEND - In a stunning move by all of these countries - who all have NO MONEY (except for China) - the G20 has decided to give $1 Trillion to the IMF - with absolutely NO ACCOUNTABILITY. So, which nations are giving and how much are they (you and me) giving? YOUR tax dollars are going to go to faltering nations - nations that could care less about America - this entire thought is sickening to me and throws the Constitution in the trash. Unless we stop this madness America’s future will be forever gone.
Ask any of the members of the G20 meeting - “Who are the Founding Fathers of the Constitution of the United States?” - none of them will know and certainly none of them will care! They don’t care who George Washington was or Thomas Jefferson or Ben Franklin - they don’t care!
They don’t care if they are throwing away 200 years of American history and the very people who shaped this great and dominant country. Obama is trashing the Constitution and selling the soul of America to the world stage - can you imagine the change that has occurred since this man has taken office? It is mind boggling and unless the American taxpayers rise up and FORCE our politicians to STOP! o_O|||19 countries made a jackass out of One Term Barry.|||I found it mildly ironic that Socialist countries were telling Obama that his plans went too far to the left.|||VERY disappointed|||Because our leaders in Washington are indifferent and not outraged, why should I be?
/sarcasm. this is an outrage|||In my opinion it is treason to give the IMF 'Global drawing rights' on OUR central bank and to commit to put American regulations under the oversight of a global group. It is certainly unconstitutional.
http://www.timesonline.co.uk/tol/news/po…|||Angry disappointed, creeped out.... I could go on|||the fact that they said they want a global government makes me ******* pissed off|||25% of a trillion is is $275,000,000,000, not $275,000,000|||I liked what happened. Now I don't feel like a conspiracy nut when I wonder about the new world order. Too bad for us.|||About like I would feel if I puked my guts out!|||It was like a psyche ward with a bunch of psychotics on acid all trying to make the biggest fool of themselves.|||I think that it was a very costly show for the taxpayers of all of those countries and ours even more, the results were very disappointing.
Personally Obama was received like the rock star he is accustomed to. But when it came to concessions from the European countries, they gave very little.
5.000 troops for Afghanistan is not really much considering all the countries that were present.
A waste of money for little results|||O "BAA" ma pledged it, let it come out of his pocket.
Everybody needs to check out the tax laws. You will find a loophole in them that will let you not pay your taxes for a certain time period. One of my contacts has outlined this in one of his answers.
Look up the question, "What are you going to do about it" asked by Inquisitor V.
At this time there is not much we can do but there will be come the 2010 and 2012 elections if we all come together and vote the radical faction out. We need new blood in and these people that vote to destroy our nation, liberty and freedom removed. We need only those that will abide by the Constitution and serve the people and not the rich bankers and we need to eliminate the Federal Reserve and return to the gold standard.
I think the g20 meeting was a gateway for the empty suit to brag to the world that he and the bankers have the people of the U.S. defeated, but he had better think again. He will, I hope, be a one term illegitimate usurper and not hurt our sovereignty any more than has already been done. He needs to be removed from office immediately and all of his policies and actions voided or reversed.
CONSTITUTION PARTY 2010/2012
GIVE me LIBERTY or GIVE me DEATH!|||I did not vote this man in, but a lot of you did, hope to hell your all happy!!! Nothing wrong with the USA just taking care of our selves, hopefully next Term we will not have a jackass leader, this is very disturbing, to the one who have built and worked hard for our freedom, to have it taken away by Whoopee, big deal the first african jackass!!! How could some of you have ever let this happen, Brainwashed you are!!!|||I think it went well. Go Obama.|||Don't blame Obama for trying to fix your guys' clusterf**k.|||I thought Obama did a MUCH BETTER jopb that Bush ever did. I've had a few republicans even admit that to me.;
Furthermore, President Barack Hussein Obama supported a measure proposed that would form a "financial stability forum" to work with the IMF that would promote "global co-operation" and work to "provide an early-warning system for future financial crisis". What this means is that it puts the financial systems of the G-20 (including our's) under the review and control of a board (of which America will have no members) to oversee everything and make changes they see as fit.
Does this frighten anyone else? Obama just put us further in debt (to the tune of $275,000,000 USD) and signed away a portion of our national sovereignty to foreigners.
http://en.wikipedia.org/wiki/2009_G-20_L…|||It is scary to think that Obama - this thug from Chicago, is huddled across the ocean with all the world leaders deciding our fate. When these leaders denounced Capitalism and blamed it for the worlds problems - did the American representative - Obama - DEFEND Capitalism? Did he defend our Constitution? Did he defend America and its taxpayers? The answer is a resounding NO!
All these supposed “brilliant” world leaders gather together and the best they can do is the same old crap that Obama is doing - PRINT and SPEND - In a stunning move by all of these countries - who all have NO MONEY (except for China) - the G20 has decided to give $1 Trillion to the IMF - with absolutely NO ACCOUNTABILITY. So, which nations are giving and how much are they (you and me) giving? YOUR tax dollars are going to go to faltering nations - nations that could care less about America - this entire thought is sickening to me and throws the Constitution in the trash. Unless we stop this madness America’s future will be forever gone.
Ask any of the members of the G20 meeting - “Who are the Founding Fathers of the Constitution of the United States?” - none of them will know and certainly none of them will care! They don’t care who George Washington was or Thomas Jefferson or Ben Franklin - they don’t care!
They don’t care if they are throwing away 200 years of American history and the very people who shaped this great and dominant country. Obama is trashing the Constitution and selling the soul of America to the world stage - can you imagine the change that has occurred since this man has taken office? It is mind boggling and unless the American taxpayers rise up and FORCE our politicians to STOP! o_O|||19 countries made a jackass out of One Term Barry.|||I found it mildly ironic that Socialist countries were telling Obama that his plans went too far to the left.|||VERY disappointed|||Because our leaders in Washington are indifferent and not outraged, why should I be?
/sarcasm. this is an outrage|||In my opinion it is treason to give the IMF 'Global drawing rights' on OUR central bank and to commit to put American regulations under the oversight of a global group. It is certainly unconstitutional.
http://www.timesonline.co.uk/tol/news/po…|||Angry disappointed, creeped out.... I could go on|||the fact that they said they want a global government makes me ******* pissed off|||25% of a trillion is is $275,000,000,000, not $275,000,000|||I liked what happened. Now I don't feel like a conspiracy nut when I wonder about the new world order. Too bad for us.|||About like I would feel if I puked my guts out!|||It was like a psyche ward with a bunch of psychotics on acid all trying to make the biggest fool of themselves.|||I think that it was a very costly show for the taxpayers of all of those countries and ours even more, the results were very disappointing.
Personally Obama was received like the rock star he is accustomed to. But when it came to concessions from the European countries, they gave very little.
5.000 troops for Afghanistan is not really much considering all the countries that were present.
A waste of money for little results|||O "BAA" ma pledged it, let it come out of his pocket.
Everybody needs to check out the tax laws. You will find a loophole in them that will let you not pay your taxes for a certain time period. One of my contacts has outlined this in one of his answers.
Look up the question, "What are you going to do about it" asked by Inquisitor V.
At this time there is not much we can do but there will be come the 2010 and 2012 elections if we all come together and vote the radical faction out. We need new blood in and these people that vote to destroy our nation, liberty and freedom removed. We need only those that will abide by the Constitution and serve the people and not the rich bankers and we need to eliminate the Federal Reserve and return to the gold standard.
I think the g20 meeting was a gateway for the empty suit to brag to the world that he and the bankers have the people of the U.S. defeated, but he had better think again. He will, I hope, be a one term illegitimate usurper and not hurt our sovereignty any more than has already been done. He needs to be removed from office immediately and all of his policies and actions voided or reversed.
CONSTITUTION PARTY 2010/2012
GIVE me LIBERTY or GIVE me DEATH!|||I did not vote this man in, but a lot of you did, hope to hell your all happy!!! Nothing wrong with the USA just taking care of our selves, hopefully next Term we will not have a jackass leader, this is very disturbing, to the one who have built and worked hard for our freedom, to have it taken away by Whoopee, big deal the first african jackass!!! How could some of you have ever let this happen, Brainwashed you are!!!|||I think it went well. Go Obama.|||Don't blame Obama for trying to fix your guys' clusterf**k.|||I thought Obama did a MUCH BETTER jopb that Bush ever did. I've had a few republicans even admit that to me.;
Need help with Europe & the U.S since 1970 (part2)?
15.) During his tenure as leader of China, Deng Xiaoping created several Special Economic Zones. In what way did they differ from previous economic policies?
a) They permitted some free market practices.
b) They nationalized private companies and industries.
c)They gave away communal land to private citizens.
d) They distributed private property to citizens.
16.) In 1973, _____ withdrew all its troops from South Vietnam; in 1975 the forces of _____ captured the capital of Saigon.
a) the U.S.; the Soviet Union
b)China; the U.S.
c)North Vietnam; Cambodia
d)the U.S.; North Vietnam
17.) Which Chinese leader reformed China's economy by introducing free market elements in the late 1970s?
a)Mao Zedung
b)Deng Xiaoping
c)Jiang Zemin
d)Zhou En Lai
18.) The nations of the European Union collaborate in all of the following areas EXCEPT _____.
a) immigration rules
b) tariff policies
c) labor laws
d) political actions
19.) The U.S. government tolerates Russian leader Vladimir Putin's policies, such as censoring the press and hindering free market systems, because _____.
a) his country invests heavily in the U.S.
b) he is an ally of the War on Terror
c) his country has many nuclear weapons
d) he supports the Iraq War
20.) Which of the following events or situations have become part of the Global War on Terror?
a) Chechnya's fight for independence from Russia
b) The al Qaeda attacks on New York and Washington
c) Terrorist bombings in Madrid, London, and Istanbul
d) All of the answers are correct.
21.) One of the most serious concerns to Western European countries is that their _____.
a) economies are unstable
b) political parties are dissolving
c) populations are aging and shrinking
d) citizens are oppressed
22.) All of the following are examples of proxy wars that took place during the Cold War EXCEPT _____.
a)the Cuban Missile Crisis
b)the Salvadoran Civil War
c)the Afghan War
d)the Vietnam War
23.) Which militant Islamic group declared war on the United States in 1996?
a)Haganah
b)Hamas
c)Wahhabi
d)al Qaeda
24.) In what year did the Soviet Union dissolve, becoming the independent states of Russia, Ukraine, and many others?
a)1989
b)2000
c)1991
d)1985
25.) What is another name for the Vietcong, the Communist guerrilla fighters in South Vietnam?
a)Vietnamese Independence Coalition
b)National Liberation Front
c)Alliance for Free Vietnam
d)Movement for Independent Vietnam
26.) As of 2005, the U.S. had a national debt of over 7 trillion dollars. Who does the U.S. government owe that money to?
a)Citizens of the U.S.
b)The World Bank and the International Monetary Fund (IMF)
c)Many private citizens, companies, and governments, including the governments of Japan and China
d)Mainly oil companies operating in Saudi Arabia and Iran
28.) Since 1980, the U.S. prison and jail population _____.
a)has dropped by 50% because the crime rate has gone down
b)has risen from around 500,000 to over 2,000,000
c)has risen a little, but only because the U.S. total population has increased
d)has been smaller than the prison populations in Europe or Japan
29.) How does the new global market affect the U.S. today?
a) U.S. companies compete with companies in China or India which often make products more efficiently and cheaper.
b)Foreign citizens, companies, and governments cannot invest in U.S. companies nor can they buy government debt.
c) U.S. universities are attracting more students now than in the 1990s.
d) All answers are correct.
30.) Prison labor and undocumented illegal alien workers are "captive labor forces" because _____.
a) they work while they are in chains
b) they do not get paid for their work
c) they do not have health insurance and other benefits
d) their rights to defend their property and other rights are restricted|||Here's a concept: research.
Try it!
It's a great way of getting your homework done. You'd probably find all the answers you need in the time you spend typing all that lot out.
a) They permitted some free market practices.
b) They nationalized private companies and industries.
c)They gave away communal land to private citizens.
d) They distributed private property to citizens.
16.) In 1973, _____ withdrew all its troops from South Vietnam; in 1975 the forces of _____ captured the capital of Saigon.
a) the U.S.; the Soviet Union
b)China; the U.S.
c)North Vietnam; Cambodia
d)the U.S.; North Vietnam
17.) Which Chinese leader reformed China's economy by introducing free market elements in the late 1970s?
a)Mao Zedung
b)Deng Xiaoping
c)Jiang Zemin
d)Zhou En Lai
18.) The nations of the European Union collaborate in all of the following areas EXCEPT _____.
a) immigration rules
b) tariff policies
c) labor laws
d) political actions
19.) The U.S. government tolerates Russian leader Vladimir Putin's policies, such as censoring the press and hindering free market systems, because _____.
a) his country invests heavily in the U.S.
b) he is an ally of the War on Terror
c) his country has many nuclear weapons
d) he supports the Iraq War
20.) Which of the following events or situations have become part of the Global War on Terror?
a) Chechnya's fight for independence from Russia
b) The al Qaeda attacks on New York and Washington
c) Terrorist bombings in Madrid, London, and Istanbul
d) All of the answers are correct.
21.) One of the most serious concerns to Western European countries is that their _____.
a) economies are unstable
b) political parties are dissolving
c) populations are aging and shrinking
d) citizens are oppressed
22.) All of the following are examples of proxy wars that took place during the Cold War EXCEPT _____.
a)the Cuban Missile Crisis
b)the Salvadoran Civil War
c)the Afghan War
d)the Vietnam War
23.) Which militant Islamic group declared war on the United States in 1996?
a)Haganah
b)Hamas
c)Wahhabi
d)al Qaeda
24.) In what year did the Soviet Union dissolve, becoming the independent states of Russia, Ukraine, and many others?
a)1989
b)2000
c)1991
d)1985
25.) What is another name for the Vietcong, the Communist guerrilla fighters in South Vietnam?
a)Vietnamese Independence Coalition
b)National Liberation Front
c)Alliance for Free Vietnam
d)Movement for Independent Vietnam
26.) As of 2005, the U.S. had a national debt of over 7 trillion dollars. Who does the U.S. government owe that money to?
a)Citizens of the U.S.
b)The World Bank and the International Monetary Fund (IMF)
c)Many private citizens, companies, and governments, including the governments of Japan and China
d)Mainly oil companies operating in Saudi Arabia and Iran
28.) Since 1980, the U.S. prison and jail population _____.
a)has dropped by 50% because the crime rate has gone down
b)has risen from around 500,000 to over 2,000,000
c)has risen a little, but only because the U.S. total population has increased
d)has been smaller than the prison populations in Europe or Japan
29.) How does the new global market affect the U.S. today?
a) U.S. companies compete with companies in China or India which often make products more efficiently and cheaper.
b)Foreign citizens, companies, and governments cannot invest in U.S. companies nor can they buy government debt.
c) U.S. universities are attracting more students now than in the 1990s.
d) All answers are correct.
30.) Prison labor and undocumented illegal alien workers are "captive labor forces" because _____.
a) they work while they are in chains
b) they do not get paid for their work
c) they do not have health insurance and other benefits
d) their rights to defend their property and other rights are restricted|||Here's a concept: research.
Try it!
It's a great way of getting your homework done. You'd probably find all the answers you need in the time you spend typing all that lot out.
Are you people aware that in only 10 months Obama has bankrupted the USA, stole its treasury, and indebted it?
for generations, and is bargaining to sell off its natural resources such as oil (that's why he won't let us drill our own) and land (that's why he's accumulating more federal real estate) to sell to China to repay the debt he racked up?
The fact is though that Obama took money meant to save America, and with Pelosi turned it, like Geithner, into a slush fund. America has never seen this kind of audacious rape in it's history. This is Robert Mugabe and Daniel Ortega in scope in the rape of a nation's treasury and the rewarding of the thugs, cronies, and political kickback hacks.
To be honest, the Soviet communists and the Chinese communists never had the audacity to rob like Obama does.
Yet there is Obama only yesterday having the EPA put on greenhouse gas controls, when the global warming slave masters were outed in being complete frauds. On this Obama day, Obama wades out in red debt and informs the world that he is going to spend a trillion dollars more on nothing but filling the pockets of his cronies to try and make a bubble which will get Pelosi re elected.
Ronald Reagan bought implements of war to stimulate the economy from a Carter depression. George W. Bush bought houses to end a Clinton 1999 and 2000 recession.
Barack Obama has done nothing, but transfer money to his cronies in trillions of dollar which is Obama robbery of Americans.
Then Obama had the lying audacity to state this recession is 2 years old. For the record the economic attack did not occur until mid 2008 by Obama's cronies (9-14-08 to be exact, when $550 billion run on the banks probably by SOROS et al was done over only 1 hour, causing the crash). It was deepened by Nancy Pelosi's antics to get Obama elected in the autumn of 2008, and the FACTS SHOW, that George W. Bush in January 2009, for 350 million dollars, had stabilized the US economy and it was beginning to expand.
Obama strangled it for his crisis draconian mandates. There has been no 2 year recession. What there has been is a double 9 11 economic terrorist attack against America by the European cartel which backed Obama in 2008, over $300 million in illegal foreign campaign contributions to loot America of tens of trillions...to start!
George W. Bush fixed that crippling infringement, and what has followed in 2009 is the Barack Obama Depression.
All of which is being compounded by Obama not purchasing a thing that Americans can produce or stimulating the economy, but is instead expanding debt, making America more insecure and opening the advent of a nuclear attack on America.
For the record, from 1980 onward in Ronald Reagan, George H. W. Bush, Bill Clinton and George W. Bush, in all these administrations advances on economic policy and defense, which is now 30 years policy of benefiting Americans, Barack Hussein Obama has wiped it all out in 10 months time.
Massive debt and massive advancement of the terror sponsors in China and Russia. Forget al Qaeda for a moment as Obama has smashed the containment crescent and now China and Russia are sitting in treaty on the shores of the Indian Ocean, the Mediterranean and the Alps.
This is not Bush, it's all Obama and his cronies, and it will come crashing down on all of you sooner than later.|||HELL YES! His Majesty is Carter on steroids. He's trying to destroy health care and the economy. He actually stated that we have to spend more to get out of the recession to get more American back to work. BULL SH*T! It's the private sector that makes jobs and they are afraid to hire!
You can't spend your way out of a recession. This idiot is a pathetic, clueless, liar and a looser! I hope we can survive until we have a new president in January 2013.
It's amazing how when Gallup has Obama at 47% (not a conservative polling group) The dim bulb WH spokesman says that the poll is meaningless.
Obama is also blaming the GOP for the economic mess. Sorry but the dems have been in charge of spending for a long time. It's CONGRESS'S fault, not just the GOP. What good does it do to blame the GOP for everything. Fix the damn problem and stop whining about it.|||Completly true , i am aware ,its so sad how people dont want to see it..|||capa crappa|||A dissertation still doesn't mask your lies, simply put.|||Bush sold national parks to the Japanese to be used as lumber.
The economic meltdown started in the summer of 06, but wasn't noticed by the general public until late 2007, it had it's largest drop in 2008, while Bush was still in the white house. Somehow you figure it was Obama's campaign that caused the drop though.
You're ignorant of actual facts or you distort them to fit your reality. Obama has definately overspent, but so did Bush. Bush was even clever enough to just tack it onto the deficit so no one would notice how much he actually wasted.|||It is amusing to me the way this works.
Clinton had a SURPLUS and left us with one, but according to Conservatives, it wasn't becuase of Clinton. It was the effect of policies instituted by the first bush and Regan.
But somehow after taking the reins from W.Bush after his 8 years of "service" to this country, which by the way left us in massive debt, but Obama is responsible for that debt, and somehow in his 10th month, the entire meltdown of our economy is his, and only his fault?
That makes sense. When a liberal does well just credit it to presidents 4,8,12, or more years before them, and when a conservative does bad, just wait and pin it on the next liberal to come into office.
And of course when a Conservative does well it is all on them.
Great system! It allows you to live in denial all you want and not have to face the facts.|||Far be it from me as an Englishman to put you right,but here goes;
Obama inherited the financial mess due to the irresponsible policies of the previous encumbent-a certain George W Bush.
In England we cant even blame the previous encumbent - Tony "The Messiah" Blair - because his replacement was in charge of fiscal policy.
Much as I dislike Obama,you rednecks owe the current financial mess to one of your own.|||Not only that, but thanks to President Obama the Federal government is a major owner of more than 600 U.S. Financial Institutions and banks, as well as two auto makers, an international insurance conglomerate, and numerous other businesses.
The fact is though that Obama took money meant to save America, and with Pelosi turned it, like Geithner, into a slush fund. America has never seen this kind of audacious rape in it's history. This is Robert Mugabe and Daniel Ortega in scope in the rape of a nation's treasury and the rewarding of the thugs, cronies, and political kickback hacks.
To be honest, the Soviet communists and the Chinese communists never had the audacity to rob like Obama does.
Yet there is Obama only yesterday having the EPA put on greenhouse gas controls, when the global warming slave masters were outed in being complete frauds. On this Obama day, Obama wades out in red debt and informs the world that he is going to spend a trillion dollars more on nothing but filling the pockets of his cronies to try and make a bubble which will get Pelosi re elected.
Ronald Reagan bought implements of war to stimulate the economy from a Carter depression. George W. Bush bought houses to end a Clinton 1999 and 2000 recession.
Barack Obama has done nothing, but transfer money to his cronies in trillions of dollar which is Obama robbery of Americans.
Then Obama had the lying audacity to state this recession is 2 years old. For the record the economic attack did not occur until mid 2008 by Obama's cronies (9-14-08 to be exact, when $550 billion run on the banks probably by SOROS et al was done over only 1 hour, causing the crash). It was deepened by Nancy Pelosi's antics to get Obama elected in the autumn of 2008, and the FACTS SHOW, that George W. Bush in January 2009, for 350 million dollars, had stabilized the US economy and it was beginning to expand.
Obama strangled it for his crisis draconian mandates. There has been no 2 year recession. What there has been is a double 9 11 economic terrorist attack against America by the European cartel which backed Obama in 2008, over $300 million in illegal foreign campaign contributions to loot America of tens of trillions...to start!
George W. Bush fixed that crippling infringement, and what has followed in 2009 is the Barack Obama Depression.
All of which is being compounded by Obama not purchasing a thing that Americans can produce or stimulating the economy, but is instead expanding debt, making America more insecure and opening the advent of a nuclear attack on America.
For the record, from 1980 onward in Ronald Reagan, George H. W. Bush, Bill Clinton and George W. Bush, in all these administrations advances on economic policy and defense, which is now 30 years policy of benefiting Americans, Barack Hussein Obama has wiped it all out in 10 months time.
Massive debt and massive advancement of the terror sponsors in China and Russia. Forget al Qaeda for a moment as Obama has smashed the containment crescent and now China and Russia are sitting in treaty on the shores of the Indian Ocean, the Mediterranean and the Alps.
This is not Bush, it's all Obama and his cronies, and it will come crashing down on all of you sooner than later.|||HELL YES! His Majesty is Carter on steroids. He's trying to destroy health care and the economy. He actually stated that we have to spend more to get out of the recession to get more American back to work. BULL SH*T! It's the private sector that makes jobs and they are afraid to hire!
You can't spend your way out of a recession. This idiot is a pathetic, clueless, liar and a looser! I hope we can survive until we have a new president in January 2013.
It's amazing how when Gallup has Obama at 47% (not a conservative polling group) The dim bulb WH spokesman says that the poll is meaningless.
Obama is also blaming the GOP for the economic mess. Sorry but the dems have been in charge of spending for a long time. It's CONGRESS'S fault, not just the GOP. What good does it do to blame the GOP for everything. Fix the damn problem and stop whining about it.|||Completly true , i am aware ,its so sad how people dont want to see it..|||capa crappa|||A dissertation still doesn't mask your lies, simply put.|||Bush sold national parks to the Japanese to be used as lumber.
The economic meltdown started in the summer of 06, but wasn't noticed by the general public until late 2007, it had it's largest drop in 2008, while Bush was still in the white house. Somehow you figure it was Obama's campaign that caused the drop though.
You're ignorant of actual facts or you distort them to fit your reality. Obama has definately overspent, but so did Bush. Bush was even clever enough to just tack it onto the deficit so no one would notice how much he actually wasted.|||It is amusing to me the way this works.
Clinton had a SURPLUS and left us with one, but according to Conservatives, it wasn't becuase of Clinton. It was the effect of policies instituted by the first bush and Regan.
But somehow after taking the reins from W.Bush after his 8 years of "service" to this country, which by the way left us in massive debt, but Obama is responsible for that debt, and somehow in his 10th month, the entire meltdown of our economy is his, and only his fault?
That makes sense. When a liberal does well just credit it to presidents 4,8,12, or more years before them, and when a conservative does bad, just wait and pin it on the next liberal to come into office.
And of course when a Conservative does well it is all on them.
Great system! It allows you to live in denial all you want and not have to face the facts.|||Far be it from me as an Englishman to put you right,but here goes;
Obama inherited the financial mess due to the irresponsible policies of the previous encumbent-a certain George W Bush.
In England we cant even blame the previous encumbent - Tony "The Messiah" Blair - because his replacement was in charge of fiscal policy.
Much as I dislike Obama,you rednecks owe the current financial mess to one of your own.|||Not only that, but thanks to President Obama the Federal government is a major owner of more than 600 U.S. Financial Institutions and banks, as well as two auto makers, an international insurance conglomerate, and numerous other businesses.
How about President Obama's first 100 days?
WASHINGTON 鈥?As he entered office, President Barack Obama made a symbolic bow to frugality, putting off the costly redecorating of the Oval Office that his predecessors had done.
But if the furnishings have remained largely the same 鈥?right down to the stain on the big oval rug 鈥?the way Obama looks and acts there is decidedly different from his predecessor, not to mention all those who went before.
At the 100-day mark, he's putting his own style on the presidency. Opportunistic. Pragmatic. Confident. Deliberate. Polite to friend and foe alike. Partisan. Polarizing. A better talker than George W. Bush . A more disciplined manager than Bill Clinton .
Some traits he'll maintain throughout his presidency. Some could change over his term. John F. Kennedy grew skeptical after a disastrous invasion of Cuba early in his presidency, learning to challenge aides and adopting an executive style that saw him and the country through a nuclear showdown with the Soviet Union .
"He's flexible," George Edwards , a scholar of the presidency and currently a visiting fellow at Oxford University , said of Obama. "He's still learning."
Nothing defines his early days as much as the way he's seized the political opportunity provided by economic crisis to push forward an ambitious liberal agenda that otherwise would have little chance of getting through Congress . It includes an explosion of federal spending, the groundwork for universal health care and broad regulation of the environment, and soaring deficits and debt.
Even before he took office, Obama knew he faced a rare moment of crisis 鈥?one when a president could push through an agenda dramatically changing the government, and perhaps the country itself.
Franklin D. Roosevelt did it in 1933 at the height of the Great Depression. Lyndon Johnson did it in 1964-65 in the aftermath of Kennedy's assassination. Ronald Reagan did it in the early 1980s at a peak of the Cold War and economic stagflation. George W. Bush did it after the 2001 terrorist attacks.
Shifting priorities to push through his massive package of spending surges and tax cuts 鈥?many already on his or the Democratic agenda 鈥?was pivotal, because it's unclear how much Obama could get through Congress absent the crisis. Those who counseled him to wait on the big programmatic priorities and focus first only on fighting the economic downturn misunderstood that, but Obama got it.
As he seeks to get his way, at home and abroad, Obama's demonstrated a penchant for working people one on one, apparently confident that he can win over anyone.
While he may be laying the groundwork for more civil relations with Republicans and legislative successes later, he won only three Republican Senate votes for his stimulus package and none in the House of Representatives , none from either chamber for his budget, and he also failed to convince European leaders to send combat troops to help in Afghanistan .
"He has a difficult time persuading people," Edwards said. "He's been very good at maintaining his coalition. What he can't do is bring other people in."
A careful and deliberate communicator, Obama relies on the teleprompter more than any other president. When he speaks off the cuff, such as at town hall meetings, he often pauses as though he's searching for precisely the right words.
Communication skills are important 鈥?Bush was so bad he joked that his mouth was where words went to die. But they alone cannot change the landscape. "What they can do is recognize and exploit opportunities," Edwards said. "It's not the same as creating opportunities."
What Obama says is easily more important than how he says it.
For example, he's shown a readiness to be pragmatic on some things as he's transitioned from campaigning to governing.
Examples:
鈥?After talking to commanders, he slowed his proposed drawdown of troops from Iraq .
鈥?Heading to Turkey in search of help with the wars in Iraq and Afghanistan , he dropped a campaign pledge to say the killing of Armenians nearly a century ago was genocide.
鈥?To the dismay of liberals, he echoed Bush and argued that national security was threatened by two lawsuits alleging the torture of a suspected terrorist and the warrantless surveillance of two American attorneys and an Islamic charity.
Obama, like most who come to the office, is sure of himself. One example is his willingness to admit a mistake, such as when Tom Daschle , his nominee to be secretary of Health and Human Services , was forced to withdraw after being caught in a tax mess. "I screwed up," Obama said.
Another is his recent speech at Georgetown University explaining why he was trying to do so many things at once, using a Biblical metaphor to say he wanted to make sure the nation's house was built on a solid foundation, on rock instead of sand.
"The Obama team sensed that the message of him trying to do too much was starting to catch on," said Bruce Buchanan , a political|||He has moved swiftly as promised, but has failed to keep his political promises.
1. No transparency
2. Has not listed any bill for five days before it has been voted on by congress.
3. Has made a fool of the USA at the G-20 meeting, came up empty.
4. Has made a fool of the USA at the Central America meeting, came up empty.
5. Has spent more money in 75 days than Geo. W did in first 4 years.
6. Has added to our debt faster than any president in history.
7. Has most of his presidential appointees positions still vacant.
8. Has had more appointees that have not paid taxes than any other president.
9. Is in the process of raising taxes on low and mid income people, another broken promise.
10. Has fewer black appointees than Geo. W. Bush|||Your over-all tenor conveys your ambiguity; but your bias shows through.|||Fantastic job performance. Nay sayers can go to hell.|||yeah how about it he done more in100days than anybody in the past 20 years|||Obama is great, but too much rant to read. Have some tea.|||They rock! I'm looking forward to several more 100 days' from him too!|||sorry but i didn't have the time to read your whole question but i think he has done just fine considering just being him has improved our relationship with the entire world
and he saved that captain from the pirates|||Obama's first 100 days in office was no different that any other past presidents' first 100 days in office. Other than getting us into deep economic downward spiral, please tell me something significant or noteworthy he has done thus far. Good talker but that's all. Expect the same for the rest of his term.|||How about is hardly a question and why did you feel the need to print this article rather than ask a question?
Perosonally, I feel the best part about Obama's first 100 days being over is that Obama's first 100 days are over.
But I don't feel the need to tell anyone who disagrees with me to go to hell.|||Was there a question in that dissertation? Methinks thou protesteth too much.
Bottom line here is that NO President has ever gotten off to a WORSE start, and showed themself as being so inept, inexperienced and unqualified as Obama has.
His first one hundred days are a DISMAL FAILURE. He needs to acknowledge that and step aside. We need a REAL leader, like a Newt Gingrich or Pat Buchanan. Barack Obama makes abysmal "Presidents" like Carter and Clinton almost look good.
LOL..."nay sayers" can go to hell? Yeah right, Sparky.
It's the Obama SUPPORTERS that Satan is saving a warm place for.
You put this clown in DC. Now admit your mistake and get him OUT of there. You owe America at least that.
Obama gets an F on his BEST day. An utter DISGRACE.
But if the furnishings have remained largely the same 鈥?right down to the stain on the big oval rug 鈥?the way Obama looks and acts there is decidedly different from his predecessor, not to mention all those who went before.
At the 100-day mark, he's putting his own style on the presidency. Opportunistic. Pragmatic. Confident. Deliberate. Polite to friend and foe alike. Partisan. Polarizing. A better talker than George W. Bush . A more disciplined manager than Bill Clinton .
Some traits he'll maintain throughout his presidency. Some could change over his term. John F. Kennedy grew skeptical after a disastrous invasion of Cuba early in his presidency, learning to challenge aides and adopting an executive style that saw him and the country through a nuclear showdown with the Soviet Union .
"He's flexible," George Edwards , a scholar of the presidency and currently a visiting fellow at Oxford University , said of Obama. "He's still learning."
Nothing defines his early days as much as the way he's seized the political opportunity provided by economic crisis to push forward an ambitious liberal agenda that otherwise would have little chance of getting through Congress . It includes an explosion of federal spending, the groundwork for universal health care and broad regulation of the environment, and soaring deficits and debt.
Even before he took office, Obama knew he faced a rare moment of crisis 鈥?one when a president could push through an agenda dramatically changing the government, and perhaps the country itself.
Franklin D. Roosevelt did it in 1933 at the height of the Great Depression. Lyndon Johnson did it in 1964-65 in the aftermath of Kennedy's assassination. Ronald Reagan did it in the early 1980s at a peak of the Cold War and economic stagflation. George W. Bush did it after the 2001 terrorist attacks.
Shifting priorities to push through his massive package of spending surges and tax cuts 鈥?many already on his or the Democratic agenda 鈥?was pivotal, because it's unclear how much Obama could get through Congress absent the crisis. Those who counseled him to wait on the big programmatic priorities and focus first only on fighting the economic downturn misunderstood that, but Obama got it.
As he seeks to get his way, at home and abroad, Obama's demonstrated a penchant for working people one on one, apparently confident that he can win over anyone.
While he may be laying the groundwork for more civil relations with Republicans and legislative successes later, he won only three Republican Senate votes for his stimulus package and none in the House of Representatives , none from either chamber for his budget, and he also failed to convince European leaders to send combat troops to help in Afghanistan .
"He has a difficult time persuading people," Edwards said. "He's been very good at maintaining his coalition. What he can't do is bring other people in."
A careful and deliberate communicator, Obama relies on the teleprompter more than any other president. When he speaks off the cuff, such as at town hall meetings, he often pauses as though he's searching for precisely the right words.
Communication skills are important 鈥?Bush was so bad he joked that his mouth was where words went to die. But they alone cannot change the landscape. "What they can do is recognize and exploit opportunities," Edwards said. "It's not the same as creating opportunities."
What Obama says is easily more important than how he says it.
For example, he's shown a readiness to be pragmatic on some things as he's transitioned from campaigning to governing.
Examples:
鈥?After talking to commanders, he slowed his proposed drawdown of troops from Iraq .
鈥?Heading to Turkey in search of help with the wars in Iraq and Afghanistan , he dropped a campaign pledge to say the killing of Armenians nearly a century ago was genocide.
鈥?To the dismay of liberals, he echoed Bush and argued that national security was threatened by two lawsuits alleging the torture of a suspected terrorist and the warrantless surveillance of two American attorneys and an Islamic charity.
Obama, like most who come to the office, is sure of himself. One example is his willingness to admit a mistake, such as when Tom Daschle , his nominee to be secretary of Health and Human Services , was forced to withdraw after being caught in a tax mess. "I screwed up," Obama said.
Another is his recent speech at Georgetown University explaining why he was trying to do so many things at once, using a Biblical metaphor to say he wanted to make sure the nation's house was built on a solid foundation, on rock instead of sand.
"The Obama team sensed that the message of him trying to do too much was starting to catch on," said Bruce Buchanan , a political|||He has moved swiftly as promised, but has failed to keep his political promises.
1. No transparency
2. Has not listed any bill for five days before it has been voted on by congress.
3. Has made a fool of the USA at the G-20 meeting, came up empty.
4. Has made a fool of the USA at the Central America meeting, came up empty.
5. Has spent more money in 75 days than Geo. W did in first 4 years.
6. Has added to our debt faster than any president in history.
7. Has most of his presidential appointees positions still vacant.
8. Has had more appointees that have not paid taxes than any other president.
9. Is in the process of raising taxes on low and mid income people, another broken promise.
10. Has fewer black appointees than Geo. W. Bush|||Your over-all tenor conveys your ambiguity; but your bias shows through.|||Fantastic job performance. Nay sayers can go to hell.|||yeah how about it he done more in100days than anybody in the past 20 years|||Obama is great, but too much rant to read. Have some tea.|||They rock! I'm looking forward to several more 100 days' from him too!|||sorry but i didn't have the time to read your whole question but i think he has done just fine considering just being him has improved our relationship with the entire world
and he saved that captain from the pirates|||Obama's first 100 days in office was no different that any other past presidents' first 100 days in office. Other than getting us into deep economic downward spiral, please tell me something significant or noteworthy he has done thus far. Good talker but that's all. Expect the same for the rest of his term.|||How about is hardly a question and why did you feel the need to print this article rather than ask a question?
Perosonally, I feel the best part about Obama's first 100 days being over is that Obama's first 100 days are over.
But I don't feel the need to tell anyone who disagrees with me to go to hell.|||Was there a question in that dissertation? Methinks thou protesteth too much.
Bottom line here is that NO President has ever gotten off to a WORSE start, and showed themself as being so inept, inexperienced and unqualified as Obama has.
His first one hundred days are a DISMAL FAILURE. He needs to acknowledge that and step aside. We need a REAL leader, like a Newt Gingrich or Pat Buchanan. Barack Obama makes abysmal "Presidents" like Carter and Clinton almost look good.
LOL..."nay sayers" can go to hell? Yeah right, Sparky.
It's the Obama SUPPORTERS that Satan is saving a warm place for.
You put this clown in DC. Now admit your mistake and get him OUT of there. You owe America at least that.
Obama gets an F on his BEST day. An utter DISGRACE.
Are you truly surprised at Obama's Fall from Grace?
The stunning decline of Barack Obama: 10 key reasons why the Obama presidency is in meltdown
1. The Obama presidency is out of touch with the American people
the Obama presidency increasingly resembles a modern-day Ancient Régime, extravagant, decaying and out of touch with ordinary Americans.
2. Most Americans don’t have confidence in the president’s leadership
According to a recent Washington Post/ABC News poll, “nearly six in ten voters say they lack faith in the president to make the right decisions for the country”, and two thirds “say they are disillusioned with or angry about the way the federal government is working.” The poll showed that a staggering 58 per cent of Americans say they do not have confidence in the president’s decision-making, with just 42 per cent saying they do.
3. Obama fails to inspire
In contrast to the soaring rhetoric of his 2004 Convention speech in Boston which succeeded in impressing millions of television viewers at the time, America is no longer inspired by Barack Obama’s flat, monotonous and often dull presidential speeches and statements delivered via teleprompter
4. The United States is drowning in debt
While much of Europe, led by Britain and Germany, are aggressively cutting their deficits, the Obama administration is actively growing America’s debt, and has no plan in place to avert a looming Greek-style financial crisis.
5. Obama’s Big Government message is falling flat
This is not an approach that is proving popular with the American public, and even most European governments have long ditched this tax and spend approach to saving their own economies.
6. Obama’s support for socialized health care is a huge political mistake
the legislation is “a great leap forward by the United States towards a European-style vision of universal health care, which will only lead to soaring costs, higher taxes, and a surge in red tape for small businesses. This reckless legislation dramatically expands the power of the state over the lives of individuals, and could not be further from the vision of America’s founding fathers.”
7. Obama’s handling of the Gulf oil spill has been weak-kneed and indecisive
Significantly, a poll of Louisiana voters gave George W. Bush higher marks for his handling of the aftermath of Hurricane Katrina, with 62 percent disapproving of Obama’s performance on the Gulf oil spill.
8. US foreign policy is an embarrassing mess under the Obama administration
The surrender to Moscow on Third Site missile defence, the failure to aggressively stand up to Iran’s nuclear programme, the decision to side with ousted Marxists in Honduras, the slap in the face for Great Britain over the Falklands, have all contributed to the image of a US administration completely out of its depth in international affairs
9. President Obama is muddled and confused on national security
From the wars in Afghanistan and Iraq to the War on Terror, President Obama’s leadership has often been muddled and confused
10. Obama doesn’t believe in American greatness
President Obama is increasingly out of step with the American people, by advancing policies that undermine the United States as a global power, while undercutting America’s deep-seated love for freedom.
http://blogs.telegraph.co.uk/news/nilega…|||Obviously, many of us have not been surprised. This is in line with what quite a few Americans anticipated who were not just led by the nose by increasingly left leaning media intent on radical liberal, even socialist, change. The country was sold a bill of goods that the slickest of car salesmen would be proud of. Of course, after any such sale, what was sold is put into use and invariably recognized for precisely what its capabilities are.
What probably differs more in this instance are the number of individuals who voted for this man maintaining some measure of allegiance, because he ran as a Democrat and their choice can't be wrong. That would be something like an investor in General Motors buying a GM vehicle, which had been given concept car accolades in advance of divergent post-production press with worrisome reviews, who begins to experience problems mentioned in print at a disturbing level. Originally, support for GM which led to a purchase may have stemmed from the stockholder's investment in the company, but the quandary which follows begs a question likely to be answered differently by various owners of the problematic model failing to provide safe, reliable transportation. If it's returned with significant complaints, then returned repeatedly after more issues are recognizable and others have gone inadequately repaired, the investor is at risk of negatively impacting how the rest of the buying public could perceive his GM vehicle, thus limiting its salability. Under such circumstances, there would be investor owners who would just continue to drive their unreliable transportation or simply park it, rather than contribute in any way to harming the vehicle's reputation for prospective buyers, when perhaps, an occasional model should be mercifully put to rest for the Company's as well as the publics' sake.
We know what happens to vehicles with clearly identifiable problems. Sometimes, after a bit of resistance from the manufacturer (think Toyota), the troubled line of vehicles is recalled. Even proud manufacturers cannot endlessly support their product under mounting complaints and clear evidence of problems affecting purchasers.
The recall process is different for failing politicians, including a President who's performing surprisingly in line with what unfortunate numbers of us expected. Fortunately, the process begins in earnest this November. There will be a few holdouts who feel their investment is at risk who'll continue to support Obama in spite of the mounting evidence and very recognizable impression made on anyone not as personally invested, like the Biritsh author Nile Gardiner whose 10 reasons here show how our leader's failings are regarded overseas. Yes, Obama was awarded a Nobel Prize based upon the inexplicable American liberal media frenzy, but in acceptance even the POTUS acknowledged he had not done anything yet. If there weren't so many Democrats who feel deeply invested in the man, there's no way the approval ratings could even approach the 40 to 41 percent we've seen lately, which is falsely inflated and wholly unwarranted by the President's performance.
Mr. Gardiner’s written material is invaluable as an outside source with little personal investment in a country where he’s simply a foreign journalist observer. And the accuracy of his words support what most now willingly acknowledge regarding our leader who always was recognizable for his distinct lack of executive leadership experience. Americans made a significant mistake which will be corrected in the upcoming 2010 and 2012 national elections. For most of us, they simply cannot come soon enough.|||hopefully, he will go away in 2012. the democrats will probably lose control of congress in 2010. at the very least , they will lose the super majority in both houses. this is what makes politics so interesting. you attempt to" throw the bums out"; only to find you,ve replaced them with more bums.|||I'm not surprised.
He works for the same bankers Bush did, and Clinton and so on. It's all about maximizing profit, regardless of social and environmental costs.
America has turned into sh-t.|||No. I am shocked that America didn't feel this way before election day because I read that charlatan up and down in 2004 when he spoke to the DNC, noted to myself, dangerous slick black lib|||Not at all he was elected on skin color over substance so it was inevitable.|||It is better to keep one's mouth shut and be thought a fool than to open it and resolve all doubt.|||Actually I'm kinda surprised its taken this many months. I guess the media could only cover his *** so long.|||I am surprised more by the number of people that still get that "tingle up their leg".|||I read that article too. I found (very) little I disagree with.|||Not one bit! A Liar is always fooled by their own words.
And by staying in DC last night for the Muslim dinner, we know where his loyalties are and they are not with the American people!|||Honestly I'm stunned he has any support left. He's been a walking disaster for our country. And that article is soft-ball in my book. The man deserves to be hit harder for F#CKING UP as much as he has!|||Always look to foreign newspapers about the truth of what is truly happening in America.
This is a fact. They have no dog in the fight. They report what is seen and believe to be
TRUE. They are not being manipulated by the US MSM. They have not been bought and
paid for. So when you see renderings like this. One has to at least view them with more
than just a grain of salt.
Come this Nov. The right is going to gain complete control of the House. More than likely
break even with the Senate. If by a stroke of luck they could take control there to.
When this occurs. Obama will be dealt a death blow to his agenda. He will be reduced
to the complete non factor he has been up to this point. His major laws will go for repeal.
and he will have his hands shoved up his ***. No longer able to continue to screw the
nation in the Obama way.
Now that is Change the Nation needs.|||Yes I am. Although I did my homework on him before the election, I honestly felt that holding the press in his back pocket and having so much campaign money to play with, that he would be able to sustain a whole term with some amount of credibility. He's been all over the place from the beginning of his term and easy to see through.|||I'm surprised it took the American people this long to catch on %26amp; WAKE UP! Obama is interested in one thing %26amp; one thing only - big government. He believes in out-dated socialist/marxist policies. Like they were ever in vogue?
Like Jay Leno said a few nights ago commenting on Obama's birthday cake..."He didn't blow out the candles. He just taxed them to death until they gave up %26amp; went out by themselves."
That's what's happening to us - the American people...we'll be taxed to death. Our children's, children's, grandchildren will paying off the national debt.|||Gee I thought it was more than ten reasons. What is amazing to me is there are still people out there that agree with him. I think it took so long because the liberal media is still behind them. I saw an article on the web today comparing him to George Washington since he is for building the Mosc at ground zero. Kind of a stupid comparison.|||I'm surprised it's taken this long, and that it isn't lower.
He should have an approval rating in the teens by now. The fact that he has more support shows what ardent Flavor Aid drinkers are supporting him.
It's kind of scary. Those are the kind of people who hijack jetliners and crash them into buildings.|||That's just one guy's opinion taken from a right-wing British newspaper. That isn't my opinion or the opinion of millions of others.|||Wow, was all of this copy and pasted right off a right wing blog because none of it's 100% completely accurate. Propaganda at it finest...or should I say lowest....?
1. The Obama presidency is out of touch with the American people
the Obama presidency increasingly resembles a modern-day Ancient Régime, extravagant, decaying and out of touch with ordinary Americans.
2. Most Americans don’t have confidence in the president’s leadership
According to a recent Washington Post/ABC News poll, “nearly six in ten voters say they lack faith in the president to make the right decisions for the country”, and two thirds “say they are disillusioned with or angry about the way the federal government is working.” The poll showed that a staggering 58 per cent of Americans say they do not have confidence in the president’s decision-making, with just 42 per cent saying they do.
3. Obama fails to inspire
In contrast to the soaring rhetoric of his 2004 Convention speech in Boston which succeeded in impressing millions of television viewers at the time, America is no longer inspired by Barack Obama’s flat, monotonous and often dull presidential speeches and statements delivered via teleprompter
4. The United States is drowning in debt
While much of Europe, led by Britain and Germany, are aggressively cutting their deficits, the Obama administration is actively growing America’s debt, and has no plan in place to avert a looming Greek-style financial crisis.
5. Obama’s Big Government message is falling flat
This is not an approach that is proving popular with the American public, and even most European governments have long ditched this tax and spend approach to saving their own economies.
6. Obama’s support for socialized health care is a huge political mistake
the legislation is “a great leap forward by the United States towards a European-style vision of universal health care, which will only lead to soaring costs, higher taxes, and a surge in red tape for small businesses. This reckless legislation dramatically expands the power of the state over the lives of individuals, and could not be further from the vision of America’s founding fathers.”
7. Obama’s handling of the Gulf oil spill has been weak-kneed and indecisive
Significantly, a poll of Louisiana voters gave George W. Bush higher marks for his handling of the aftermath of Hurricane Katrina, with 62 percent disapproving of Obama’s performance on the Gulf oil spill.
8. US foreign policy is an embarrassing mess under the Obama administration
The surrender to Moscow on Third Site missile defence, the failure to aggressively stand up to Iran’s nuclear programme, the decision to side with ousted Marxists in Honduras, the slap in the face for Great Britain over the Falklands, have all contributed to the image of a US administration completely out of its depth in international affairs
9. President Obama is muddled and confused on national security
From the wars in Afghanistan and Iraq to the War on Terror, President Obama’s leadership has often been muddled and confused
10. Obama doesn’t believe in American greatness
President Obama is increasingly out of step with the American people, by advancing policies that undermine the United States as a global power, while undercutting America’s deep-seated love for freedom.
http://blogs.telegraph.co.uk/news/nilega…|||Obviously, many of us have not been surprised. This is in line with what quite a few Americans anticipated who were not just led by the nose by increasingly left leaning media intent on radical liberal, even socialist, change. The country was sold a bill of goods that the slickest of car salesmen would be proud of. Of course, after any such sale, what was sold is put into use and invariably recognized for precisely what its capabilities are.
What probably differs more in this instance are the number of individuals who voted for this man maintaining some measure of allegiance, because he ran as a Democrat and their choice can't be wrong. That would be something like an investor in General Motors buying a GM vehicle, which had been given concept car accolades in advance of divergent post-production press with worrisome reviews, who begins to experience problems mentioned in print at a disturbing level. Originally, support for GM which led to a purchase may have stemmed from the stockholder's investment in the company, but the quandary which follows begs a question likely to be answered differently by various owners of the problematic model failing to provide safe, reliable transportation. If it's returned with significant complaints, then returned repeatedly after more issues are recognizable and others have gone inadequately repaired, the investor is at risk of negatively impacting how the rest of the buying public could perceive his GM vehicle, thus limiting its salability. Under such circumstances, there would be investor owners who would just continue to drive their unreliable transportation or simply park it, rather than contribute in any way to harming the vehicle's reputation for prospective buyers, when perhaps, an occasional model should be mercifully put to rest for the Company's as well as the publics' sake.
We know what happens to vehicles with clearly identifiable problems. Sometimes, after a bit of resistance from the manufacturer (think Toyota), the troubled line of vehicles is recalled. Even proud manufacturers cannot endlessly support their product under mounting complaints and clear evidence of problems affecting purchasers.
The recall process is different for failing politicians, including a President who's performing surprisingly in line with what unfortunate numbers of us expected. Fortunately, the process begins in earnest this November. There will be a few holdouts who feel their investment is at risk who'll continue to support Obama in spite of the mounting evidence and very recognizable impression made on anyone not as personally invested, like the Biritsh author Nile Gardiner whose 10 reasons here show how our leader's failings are regarded overseas. Yes, Obama was awarded a Nobel Prize based upon the inexplicable American liberal media frenzy, but in acceptance even the POTUS acknowledged he had not done anything yet. If there weren't so many Democrats who feel deeply invested in the man, there's no way the approval ratings could even approach the 40 to 41 percent we've seen lately, which is falsely inflated and wholly unwarranted by the President's performance.
Mr. Gardiner’s written material is invaluable as an outside source with little personal investment in a country where he’s simply a foreign journalist observer. And the accuracy of his words support what most now willingly acknowledge regarding our leader who always was recognizable for his distinct lack of executive leadership experience. Americans made a significant mistake which will be corrected in the upcoming 2010 and 2012 national elections. For most of us, they simply cannot come soon enough.|||hopefully, he will go away in 2012. the democrats will probably lose control of congress in 2010. at the very least , they will lose the super majority in both houses. this is what makes politics so interesting. you attempt to" throw the bums out"; only to find you,ve replaced them with more bums.|||I'm not surprised.
He works for the same bankers Bush did, and Clinton and so on. It's all about maximizing profit, regardless of social and environmental costs.
America has turned into sh-t.|||No. I am shocked that America didn't feel this way before election day because I read that charlatan up and down in 2004 when he spoke to the DNC, noted to myself, dangerous slick black lib|||Not at all he was elected on skin color over substance so it was inevitable.|||It is better to keep one's mouth shut and be thought a fool than to open it and resolve all doubt.|||Actually I'm kinda surprised its taken this many months. I guess the media could only cover his *** so long.|||I am surprised more by the number of people that still get that "tingle up their leg".|||I read that article too. I found (very) little I disagree with.|||Not one bit! A Liar is always fooled by their own words.
And by staying in DC last night for the Muslim dinner, we know where his loyalties are and they are not with the American people!|||Honestly I'm stunned he has any support left. He's been a walking disaster for our country. And that article is soft-ball in my book. The man deserves to be hit harder for F#CKING UP as much as he has!|||Always look to foreign newspapers about the truth of what is truly happening in America.
This is a fact. They have no dog in the fight. They report what is seen and believe to be
TRUE. They are not being manipulated by the US MSM. They have not been bought and
paid for. So when you see renderings like this. One has to at least view them with more
than just a grain of salt.
Come this Nov. The right is going to gain complete control of the House. More than likely
break even with the Senate. If by a stroke of luck they could take control there to.
When this occurs. Obama will be dealt a death blow to his agenda. He will be reduced
to the complete non factor he has been up to this point. His major laws will go for repeal.
and he will have his hands shoved up his ***. No longer able to continue to screw the
nation in the Obama way.
Now that is Change the Nation needs.|||Yes I am. Although I did my homework on him before the election, I honestly felt that holding the press in his back pocket and having so much campaign money to play with, that he would be able to sustain a whole term with some amount of credibility. He's been all over the place from the beginning of his term and easy to see through.|||I'm surprised it took the American people this long to catch on %26amp; WAKE UP! Obama is interested in one thing %26amp; one thing only - big government. He believes in out-dated socialist/marxist policies. Like they were ever in vogue?
Like Jay Leno said a few nights ago commenting on Obama's birthday cake..."He didn't blow out the candles. He just taxed them to death until they gave up %26amp; went out by themselves."
That's what's happening to us - the American people...we'll be taxed to death. Our children's, children's, grandchildren will paying off the national debt.|||Gee I thought it was more than ten reasons. What is amazing to me is there are still people out there that agree with him. I think it took so long because the liberal media is still behind them. I saw an article on the web today comparing him to George Washington since he is for building the Mosc at ground zero. Kind of a stupid comparison.|||I'm surprised it's taken this long, and that it isn't lower.
He should have an approval rating in the teens by now. The fact that he has more support shows what ardent Flavor Aid drinkers are supporting him.
It's kind of scary. Those are the kind of people who hijack jetliners and crash them into buildings.|||That's just one guy's opinion taken from a right-wing British newspaper. That isn't my opinion or the opinion of millions of others.|||Wow, was all of this copy and pasted right off a right wing blog because none of it's 100% completely accurate. Propaganda at it finest...or should I say lowest....?
Economics, where is the best place to put your money(I have one answer)?
this is one question that people ask all the time and ponder about even more.
The interest rate has been going down in the US. Usually, this leads to a depreciation of the currency; as the interest rate decreases, there is less incentive to buy dollars in order to buy bonds, or any interest-yielding device. The less demand for the dollar means that the dollar depreciates. However, something curious has happened, given that the world, when push comes to shuve (big surprise), prefers the US dollar over any other currency in times of crisis, the US dollar initially appreciated with the bad economic news (spawned by the lower interest rate, which should normally spawn a depreciation). In South America, what has historically happened is when the goverment spends a lot and gets in trouble, it increase the interest rate, in turn, they generate an enormous debt, and then inflate the currency to pay back the debt in a devalued currency.
What the US could end up doing is paying back its debt by devalueing its currency. It could do this by decreasing the interest rate to zero (which has happened), in order to depreciate the dollar and pay back the debt in depreciated dollars, and in turn, cause inflation, which in turn, will favour those that take out loans.
What has happened? banks do not want to lend because of the possibility they will be paid in devalued dollars due to inflation. And the other reasons cited which we all well know.
The stock market has always been a source of tremendous speculation since the early 90's. It could very well go down some more. Commodities have gone down due to decreased demand worldwide. Oil spiked to 140 and then went back down to 50. why? speculation. I am conservative with these things, I don't like to invest in things that are pure speculation.
Right now, people are afraid and uncertain of what the future brings. A lot of wealth that was once created through speculation, has now been lost.
The fragility of this financial system is the following: everything is projected, planned, capitulated, and expected.....based on what is expected.
The moment reality diverges from what is expected, things go hay-wire.
Take a simple loan, for instance, the cornerstone of the entire financial system. If you take a loan as a company, the bank or provider gives you the loan based on your company projections...and those projectiosn predict that you will be able to pay that loan. But that in turn, is dependent on other industries that support your projections....if any of these industries goes under, your company fails its projections, and fails to pay the loan as expected, which causes turmoil.
the housing market is the best example. People EXPECTED the price of homes to go up, so the price went up and up and up. They took out a loan on the house, then sold the house, paid the loan and kept the difference.
But then the prices went down, so they got the loan, let the bank acquire the house, and let the bank deal with the losses..
because of failed expectations, the actions of an entire system faltered. Because of speculation, an entire system completely went down.
So, now there is negative speculation, and that drives the prices down, so banks are in turn, not lending.
However, where to put your money? euros? But the european economy is much more fragile than the US economy, 12 countries with no central bank. When the Europeans start feeling it, their currency will also crash. Why? because no matter how high their interest rates, if the economies of Europe are doing badly, no one will want euros, and in turn the currency will depreciate vs the dollar. One strategy were to be temporarily in euros, wait till the dollar hits rock bottom, and then shift to dollars before the dollar goes back up, but thats too outlandish for me.
The second would be yuan, but China has a strong control on their currency, having it pegged to the dollar. Any increase will be very slight. And who knows it might go down. Especially with the crazy stock market and possible inflation (they havn't spent their money in any where near the US rate).
so where do you put your money?
well, there are a variety of options, you could go completely into the stock market, or to be conservative, you could go into treasury bills and some in the stock market. the logic is that the US would have to ceaze existing as a goverment for them not to pay back their debt. Most people still perceive the US to be able to pay back its debt, so they give them money even with no interest rate, as has recently happened.
Given that inflation will probably come in effect, I would recommend the TIPS....which is a treasury bill with inflation adjusted for. This means you get your principle, no matter what inflation or deflation happens. This is if you are very conservative.
The other logic, is to be more liberal, and know that the surest bet, even if there is a depression and every thing goes|||buy gold bars , when the USA dollar is worth nothing you can sell your gold to another country for currency that is actually worth something , maybe go live there too
*oil is another good idea , it is cheap now and will go up high again like it was a few months ago|||Right now the safest place for your money is under your mattress. Have a look around again in a year.|||wow, you really put a lot of thought into it
I'd say that the best place to put money into now would be buying Chinese currency|||I will go along with Chinese currency..|||My gas price goes up due to Israelis Gaza War, That No.1 economic issue for me
The interest rate has been going down in the US. Usually, this leads to a depreciation of the currency; as the interest rate decreases, there is less incentive to buy dollars in order to buy bonds, or any interest-yielding device. The less demand for the dollar means that the dollar depreciates. However, something curious has happened, given that the world, when push comes to shuve (big surprise), prefers the US dollar over any other currency in times of crisis, the US dollar initially appreciated with the bad economic news (spawned by the lower interest rate, which should normally spawn a depreciation). In South America, what has historically happened is when the goverment spends a lot and gets in trouble, it increase the interest rate, in turn, they generate an enormous debt, and then inflate the currency to pay back the debt in a devalued currency.
What the US could end up doing is paying back its debt by devalueing its currency. It could do this by decreasing the interest rate to zero (which has happened), in order to depreciate the dollar and pay back the debt in depreciated dollars, and in turn, cause inflation, which in turn, will favour those that take out loans.
What has happened? banks do not want to lend because of the possibility they will be paid in devalued dollars due to inflation. And the other reasons cited which we all well know.
The stock market has always been a source of tremendous speculation since the early 90's. It could very well go down some more. Commodities have gone down due to decreased demand worldwide. Oil spiked to 140 and then went back down to 50. why? speculation. I am conservative with these things, I don't like to invest in things that are pure speculation.
Right now, people are afraid and uncertain of what the future brings. A lot of wealth that was once created through speculation, has now been lost.
The fragility of this financial system is the following: everything is projected, planned, capitulated, and expected.....based on what is expected.
The moment reality diverges from what is expected, things go hay-wire.
Take a simple loan, for instance, the cornerstone of the entire financial system. If you take a loan as a company, the bank or provider gives you the loan based on your company projections...and those projectiosn predict that you will be able to pay that loan. But that in turn, is dependent on other industries that support your projections....if any of these industries goes under, your company fails its projections, and fails to pay the loan as expected, which causes turmoil.
the housing market is the best example. People EXPECTED the price of homes to go up, so the price went up and up and up. They took out a loan on the house, then sold the house, paid the loan and kept the difference.
But then the prices went down, so they got the loan, let the bank acquire the house, and let the bank deal with the losses..
because of failed expectations, the actions of an entire system faltered. Because of speculation, an entire system completely went down.
So, now there is negative speculation, and that drives the prices down, so banks are in turn, not lending.
However, where to put your money? euros? But the european economy is much more fragile than the US economy, 12 countries with no central bank. When the Europeans start feeling it, their currency will also crash. Why? because no matter how high their interest rates, if the economies of Europe are doing badly, no one will want euros, and in turn the currency will depreciate vs the dollar. One strategy were to be temporarily in euros, wait till the dollar hits rock bottom, and then shift to dollars before the dollar goes back up, but thats too outlandish for me.
The second would be yuan, but China has a strong control on their currency, having it pegged to the dollar. Any increase will be very slight. And who knows it might go down. Especially with the crazy stock market and possible inflation (they havn't spent their money in any where near the US rate).
so where do you put your money?
well, there are a variety of options, you could go completely into the stock market, or to be conservative, you could go into treasury bills and some in the stock market. the logic is that the US would have to ceaze existing as a goverment for them not to pay back their debt. Most people still perceive the US to be able to pay back its debt, so they give them money even with no interest rate, as has recently happened.
Given that inflation will probably come in effect, I would recommend the TIPS....which is a treasury bill with inflation adjusted for. This means you get your principle, no matter what inflation or deflation happens. This is if you are very conservative.
The other logic, is to be more liberal, and know that the surest bet, even if there is a depression and every thing goes|||buy gold bars , when the USA dollar is worth nothing you can sell your gold to another country for currency that is actually worth something , maybe go live there too
*oil is another good idea , it is cheap now and will go up high again like it was a few months ago|||Right now the safest place for your money is under your mattress. Have a look around again in a year.|||wow, you really put a lot of thought into it
I'd say that the best place to put money into now would be buying Chinese currency|||I will go along with Chinese currency..|||My gas price goes up due to Israelis Gaza War, That No.1 economic issue for me
Do you think the US gov. should raise the tax on gasoline?
This would:
--encourage fuel conservation.
-- help pay off our $3 trillion-and-growing national debt, which will actually cost us Americans more in the future, and the interest on it mounts (Bush is just putting it off a major tax hike for future presidents to be stuck with).
--would and should go for highway repairs and maintenance.
--could possibly provide money for health care.
--would reduce taxes elsewhere in our system.
Americans have enjoyed cheap gas for decades while European countries have always imposed a high tax on gasoline. Now we're heading towards a fiscal crisis. Do you think putting an extra $1/gallon tax on gasoline (still far lower than Europeans pay) is a good way to start paying off our national debt (most of which we owe to China)?
After all, the $3 trillion Americans owe has to come from SOMEwhere . Is a $1/gallon boost on the gas tax a good place to start?|||Good question. Good points. Good idea. I'd also like to see the U.S. government take all of the oil companies' profits and subsidies and put them into green energy. I'm NOT talking about more drilling, nuclear, ethanol or anything else Bush has suggested, but I am talking about solar, wind, hydro, micro hydro, tidal, geothermal, electromagnetic and any of the other virtually limitless, free energy sources. We should get completely free of all petroleum products a.s.a.p. for a host of reasons.|||It looks like they don't need to as it stands.|||No i dont and what debt do we owe to china??? references please|||the oil companies will just rise the price on gas to compensate and their is nothing we can do about it|||good question and u have good points but i think they shouldent rasie the prices, hear in canada its like $1,110 and thats just insain|||yes i hope that gas goes to 10 or 20 dollars a gallon so that people will get off the highways and i and my rich buddies will have the roads to ourselves as it should be. the rich deserve better and we can only achieve this if we tax the little guy out of luxury items. mr doodles
--encourage fuel conservation.
-- help pay off our $3 trillion-and-growing national debt, which will actually cost us Americans more in the future, and the interest on it mounts (Bush is just putting it off a major tax hike for future presidents to be stuck with).
--would and should go for highway repairs and maintenance.
--could possibly provide money for health care.
--would reduce taxes elsewhere in our system.
Americans have enjoyed cheap gas for decades while European countries have always imposed a high tax on gasoline. Now we're heading towards a fiscal crisis. Do you think putting an extra $1/gallon tax on gasoline (still far lower than Europeans pay) is a good way to start paying off our national debt (most of which we owe to China)?
After all, the $3 trillion Americans owe has to come from SOMEwhere . Is a $1/gallon boost on the gas tax a good place to start?|||Good question. Good points. Good idea. I'd also like to see the U.S. government take all of the oil companies' profits and subsidies and put them into green energy. I'm NOT talking about more drilling, nuclear, ethanol or anything else Bush has suggested, but I am talking about solar, wind, hydro, micro hydro, tidal, geothermal, electromagnetic and any of the other virtually limitless, free energy sources. We should get completely free of all petroleum products a.s.a.p. for a host of reasons.|||It looks like they don't need to as it stands.|||No i dont and what debt do we owe to china??? references please|||the oil companies will just rise the price on gas to compensate and their is nothing we can do about it|||good question and u have good points but i think they shouldent rasie the prices, hear in canada its like $1,110 and thats just insain|||yes i hope that gas goes to 10 or 20 dollars a gallon so that people will get off the highways and i and my rich buddies will have the roads to ourselves as it should be. the rich deserve better and we can only achieve this if we tax the little guy out of luxury items. mr doodles
Would you pledge your soul as loan collateral?
Ready to give your soul for a loan in these difficult economic times?
In Latvia, where the crisis has raged more than in the rest of the European Union, you can.
Such a deal is being offered by the Kontora loan company, whose public face is Viktor Mirosiichenko, 34.
Clients have to sign a contract, with the words "Agreement" in bold letters at the top. The client agrees to the collateral, "that is, my immortal soul".
Mirosiichenko said his company would not employ debt collectors to get its money back if people refused to repay, and promised no physical violence. Signatories only have to give their first name and do not show any documents.
"If they don't give it back, what can you do? They won't have a soul, that's all," he told Reuters in a basement office, with one desk, a computer and three chairs.
Wearing sunglasses, a black suit and a white shirt with the words "Kontora" (office) emblazoned on it, he reaches into his pocket and lays out a sheaf of notes on the table to show that the business is serious and not a joke.
Latvia has been the EU nation worst hit by economic crisis.
Unemployment is soaring and banks have sharply reduced their lending, meaning that small companies offering easy loans in small amounts have become more popular.
Mirosiichenko said his company was basically trusting people to repay the small amounts they borrowed, which has so far been up to 250 lats ($500) for between 1 and 90 days at a hefty interest rate.
He said about 200 people had taken out loans over the two months the business was in operation.|||Faith,if there were a Heaven and Hell,Satan would have had my soul years ago.Luckily for me,I don't have one,except for an ar*ehole! ;)|||Ha ha! Really!?
I just signed for a mortgage application today, it felt like they wanted my soul. Although having only skim-read the small print they might have the rights to it yet!
My soul is all black and wizened, who would want it?|||I would but it already belongs to my girlfriend.|||I would not give my soul to anybody, and nor would I dole out anymore money from this Nation of ours. All these Countries do nothing but buy arms to fight with and then when they get in a mess they turn to the UK. Do they think we have a bottomless pit in the UK, because we would be in a sorry state if the shoe was on the other foot and we needed bailing out every year.We were always known as a rich Country, but I would think that it was many years ago when we had that name, because now it would seem that if the British people needed anything we have no where to turn.This is the question, but there does not appear to be any answers to that because by then we will be destitute ourselves, as we seem to be keeping the rest of the World in everything they want from us.|||Yes.
I'm cheap!
In Latvia, where the crisis has raged more than in the rest of the European Union, you can.
Such a deal is being offered by the Kontora loan company, whose public face is Viktor Mirosiichenko, 34.
Clients have to sign a contract, with the words "Agreement" in bold letters at the top. The client agrees to the collateral, "that is, my immortal soul".
Mirosiichenko said his company would not employ debt collectors to get its money back if people refused to repay, and promised no physical violence. Signatories only have to give their first name and do not show any documents.
"If they don't give it back, what can you do? They won't have a soul, that's all," he told Reuters in a basement office, with one desk, a computer and three chairs.
Wearing sunglasses, a black suit and a white shirt with the words "Kontora" (office) emblazoned on it, he reaches into his pocket and lays out a sheaf of notes on the table to show that the business is serious and not a joke.
Latvia has been the EU nation worst hit by economic crisis.
Unemployment is soaring and banks have sharply reduced their lending, meaning that small companies offering easy loans in small amounts have become more popular.
Mirosiichenko said his company was basically trusting people to repay the small amounts they borrowed, which has so far been up to 250 lats ($500) for between 1 and 90 days at a hefty interest rate.
He said about 200 people had taken out loans over the two months the business was in operation.|||Faith,if there were a Heaven and Hell,Satan would have had my soul years ago.Luckily for me,I don't have one,except for an ar*ehole! ;)|||Ha ha! Really!?
I just signed for a mortgage application today, it felt like they wanted my soul. Although having only skim-read the small print they might have the rights to it yet!
My soul is all black and wizened, who would want it?|||I would but it already belongs to my girlfriend.|||I would not give my soul to anybody, and nor would I dole out anymore money from this Nation of ours. All these Countries do nothing but buy arms to fight with and then when they get in a mess they turn to the UK. Do they think we have a bottomless pit in the UK, because we would be in a sorry state if the shoe was on the other foot and we needed bailing out every year.We were always known as a rich Country, but I would think that it was many years ago when we had that name, because now it would seem that if the British people needed anything we have no where to turn.This is the question, but there does not appear to be any answers to that because by then we will be destitute ourselves, as we seem to be keeping the rest of the World in everything they want from us.|||Yes.
I'm cheap!
Does anybody realize the consequences of "Conservatism"?
I am not advocating for socialism or communism. I am advocating for reflection.
For example, when the Religious Right attempts to ban science in school, we need to ask, what are the longer term effects?
We lose our ability to perceive reality. Science explains how things exist through theory, observation, and experimentation. Furthermore, why do you think that the US is the world's superpower? The idea that the US was blessed by god or something is absurd. The British thought that before waging WWI. The Dutch, once a leading European power, once widely practiced Calvinism. It seems to me that nations that lose their privileged status eventually secularize when people realize that no deity blesses it over other nations. America's leadership in technology along with its economy allow it to gain political power, wealth, and the ability to support a powerful military.
Likewise, examine "crony capitalism". It has surely played a role in contributing to the national debt, the lack of accountability, and the current economic crisis. Too much regulation, as the conservatives endlessly emphasize can be bad, but what of too little regulation? Or even no regulation? What of the endless lobbying going on? How can such policies be sustained? Shall we return to the Gilded Age where organized labor was banned and "freedom" meant child slave labor? We are moving in that direction. Meanwhile, what of the nation's manufacturing industry? Sent away, sent away be the ideologically blinded. Soon, it will happen to America's high tech sector as well. And we are helping make it happen.
All that the United States has previously achieved is now at stake thanks to Conservatism. It is no longer looked upon as a model nation, nor a "city upon the hill".
And I ask you why we continue to support such individuals that allow this?
Not just Republicans, but a large number of Democrats. We vote like the elite, and yet the elite act so against our own interests. We demand very little for ourselves, wasting our time over useless subjects such as "flag burning". Why?|||The Question being asked is implicitly philosophical.So in attempting to respond to such a question,one needs to be philosophical rather than be so biased.This is because, from my analysis i came to discover that, my sister there was a bit rough as she was much sensative on the part concerning Christianity.
I also think that its true that Christianity or in a broad sense religiions do not reconcile with Science as religions address the reality in an experimental manner rather than historical and cultural.lol. |||You lost me in your second paragraph!
I didn't read anything else because, you incorrectly stated that all conservative Christians do not want science taught in school.
This is a ridiculous and incorrect statement.
If you want a serious response to your questions, you may not want to alienate the very ones you are asking the questions to.
My husband and I are both Christians. He is a physician and I am a teacher. Neither one of us advocate that science not be taught in school.
For example, when the Religious Right attempts to ban science in school, we need to ask, what are the longer term effects?
We lose our ability to perceive reality. Science explains how things exist through theory, observation, and experimentation. Furthermore, why do you think that the US is the world's superpower? The idea that the US was blessed by god or something is absurd. The British thought that before waging WWI. The Dutch, once a leading European power, once widely practiced Calvinism. It seems to me that nations that lose their privileged status eventually secularize when people realize that no deity blesses it over other nations. America's leadership in technology along with its economy allow it to gain political power, wealth, and the ability to support a powerful military.
Likewise, examine "crony capitalism". It has surely played a role in contributing to the national debt, the lack of accountability, and the current economic crisis. Too much regulation, as the conservatives endlessly emphasize can be bad, but what of too little regulation? Or even no regulation? What of the endless lobbying going on? How can such policies be sustained? Shall we return to the Gilded Age where organized labor was banned and "freedom" meant child slave labor? We are moving in that direction. Meanwhile, what of the nation's manufacturing industry? Sent away, sent away be the ideologically blinded. Soon, it will happen to America's high tech sector as well. And we are helping make it happen.
All that the United States has previously achieved is now at stake thanks to Conservatism. It is no longer looked upon as a model nation, nor a "city upon the hill".
And I ask you why we continue to support such individuals that allow this?
Not just Republicans, but a large number of Democrats. We vote like the elite, and yet the elite act so against our own interests. We demand very little for ourselves, wasting our time over useless subjects such as "flag burning". Why?|||The Question being asked is implicitly philosophical.So in attempting to respond to such a question,one needs to be philosophical rather than be so biased.This is because, from my analysis i came to discover that, my sister there was a bit rough as she was much sensative on the part concerning Christianity.
I also think that its true that Christianity or in a broad sense religiions do not reconcile with Science as religions address the reality in an experimental manner rather than historical and cultural.lol. |||You lost me in your second paragraph!
I didn't read anything else because, you incorrectly stated that all conservative Christians do not want science taught in school.
This is a ridiculous and incorrect statement.
If you want a serious response to your questions, you may not want to alienate the very ones you are asking the questions to.
My husband and I are both Christians. He is a physician and I am a teacher. Neither one of us advocate that science not be taught in school.
Analysis of this article?
South Korea and the global financial crisis
Wed, Dec 3 02:20 AM
The Republic of Korea (South Korea) has recently taken proactive measures to cope up with the implications of American financial crisis, which has become global in nature. It is said that all the countries which are closely linked with the American financial system are going to be severely affected by it. Even if Richard Murray, the IMF's Pacific region director, assures that South Korea is much better positioned to weather the current economic downturn, there are apprehensions expressed about the impact of crisis on South Korea.
A closer look at the South Korean economic fundamentals makes it obvious that there is more fiction and fewer facts in most of the formulations of doomsday sayers. It is necessary to keep economic fundamentals central to any predictions about the impact of this crisis on South Korea. Basically, some recent problems of the South Korean economy could be attributed to two other reasons, which have no direct correlations with the American financial crisis. The first is an unexpected surge of global oil prices in the mid-2008. Korean expenditure on the import of crude oil reached up to $17.7 billion and it got reflected in increasing current account deficit of the country. As of August 2008, the current account deficit of the country reached around $12.6 billion. However, after the price of crude oil has come down around 30%, there is a strong probability that the current account deficit of Korea would improve significantly. The second source of the problem is unreasonable doubts over the health of the Korean economy. Thus, it is important not to overlook the positive trends to arrive at a more comprehensive understanding of the impact of the crisis on South Korea.
It is inappropriate to understand the impact of present crisis on Korea by comparing it with the 1997 financial crisis as both are quite different in their origin and nature. Whereas, the 1997 crisis was a product of domestic financial mismanagement, the present crisis is evidently exogenous in nature. If we compare the economic indicators of South Korea during the 1997 crisis and now, it is obvious that both are quite different. In the first scenario, Korean foreign reserve was only $8.4 billion, but it has now climbed up to $240 billion. In 1997, the South Korean total external debt to foreign reserve was 1,957%, which is now 173% only. In addition, in the 1997 crisis, the South Korean Bank's Non-performing Loans (NPL) ratio was 6% which in now less than 0.6%. Unlike in the 1997 crisis, most of the economic fundamentals of the Korean economy are quite sound. Now, Korea has less than one third of its foreign loans as short-term and it has a comfortable $240 billion of foreign reserves to deal with any unforeseen situation.
On the basis of these strong fundamentals, it could be said that though South Korean economy would get affected by the American financial crisis, the effect could not be compared to the 1997 crisis. An export-led South Korean economy would undoubtedly face problem because of the shrinking American and European markets but the North America and EU constitute only 13.3% and 15.1% of the South Korean export market. In contrast, China, Asean, Japan and other countries constitute 22.1%, 10.4%, 7.1%, and 19.1% of Korean export market respectively. Furthermore, the basket of South Korean export is also quite diversified. In the wake of crisis, the South Korean export to the US and EU would get affected, but the crisis would propel South Korea to concentrate more on intra-regional trade and explore new export destinations. It is interesting to mention that the South Korean export to China has grown despite the recent slowdown of China's exports. The South Korean export to China expanded 33.7% in the second quarter of 2008. China has been working to boost its domestic demands and it would be a good opportunity for Korea to capture upcoming market in China. Recently, South Korea, without being unnecessary perturbed by the crisis, has set an ambitious target of increasing its exports to $500 billion by 2009.
The doubts about the South Korean external debt, banking and housing sectors are also not sustainable. For example, the external debt is around $420 billion but $152 billion of it is risk-free. Similarly, South Korean banking sector has moderate loan growth in 2008 with a continued low level of delinquency. Also, South Korean banks do not have currency mismatch problem which was there in the 1997 crisis and South Korean housing sector has maintained balanced growth rates supported by robust mortgage regulations in recent years.
When there is crisis of faith in market, genuine or imagined, it is the responsibility of the state to intervene and provide assurance about the economic health of the country. South Korean government has taken various proactive steps to curb potential negative fallouts of the crisis. On October 19, the go|||too long so did not bother.
Wed, Dec 3 02:20 AM
The Republic of Korea (South Korea) has recently taken proactive measures to cope up with the implications of American financial crisis, which has become global in nature. It is said that all the countries which are closely linked with the American financial system are going to be severely affected by it. Even if Richard Murray, the IMF's Pacific region director, assures that South Korea is much better positioned to weather the current economic downturn, there are apprehensions expressed about the impact of crisis on South Korea.
A closer look at the South Korean economic fundamentals makes it obvious that there is more fiction and fewer facts in most of the formulations of doomsday sayers. It is necessary to keep economic fundamentals central to any predictions about the impact of this crisis on South Korea. Basically, some recent problems of the South Korean economy could be attributed to two other reasons, which have no direct correlations with the American financial crisis. The first is an unexpected surge of global oil prices in the mid-2008. Korean expenditure on the import of crude oil reached up to $17.7 billion and it got reflected in increasing current account deficit of the country. As of August 2008, the current account deficit of the country reached around $12.6 billion. However, after the price of crude oil has come down around 30%, there is a strong probability that the current account deficit of Korea would improve significantly. The second source of the problem is unreasonable doubts over the health of the Korean economy. Thus, it is important not to overlook the positive trends to arrive at a more comprehensive understanding of the impact of the crisis on South Korea.
It is inappropriate to understand the impact of present crisis on Korea by comparing it with the 1997 financial crisis as both are quite different in their origin and nature. Whereas, the 1997 crisis was a product of domestic financial mismanagement, the present crisis is evidently exogenous in nature. If we compare the economic indicators of South Korea during the 1997 crisis and now, it is obvious that both are quite different. In the first scenario, Korean foreign reserve was only $8.4 billion, but it has now climbed up to $240 billion. In 1997, the South Korean total external debt to foreign reserve was 1,957%, which is now 173% only. In addition, in the 1997 crisis, the South Korean Bank's Non-performing Loans (NPL) ratio was 6% which in now less than 0.6%. Unlike in the 1997 crisis, most of the economic fundamentals of the Korean economy are quite sound. Now, Korea has less than one third of its foreign loans as short-term and it has a comfortable $240 billion of foreign reserves to deal with any unforeseen situation.
On the basis of these strong fundamentals, it could be said that though South Korean economy would get affected by the American financial crisis, the effect could not be compared to the 1997 crisis. An export-led South Korean economy would undoubtedly face problem because of the shrinking American and European markets but the North America and EU constitute only 13.3% and 15.1% of the South Korean export market. In contrast, China, Asean, Japan and other countries constitute 22.1%, 10.4%, 7.1%, and 19.1% of Korean export market respectively. Furthermore, the basket of South Korean export is also quite diversified. In the wake of crisis, the South Korean export to the US and EU would get affected, but the crisis would propel South Korea to concentrate more on intra-regional trade and explore new export destinations. It is interesting to mention that the South Korean export to China has grown despite the recent slowdown of China's exports. The South Korean export to China expanded 33.7% in the second quarter of 2008. China has been working to boost its domestic demands and it would be a good opportunity for Korea to capture upcoming market in China. Recently, South Korea, without being unnecessary perturbed by the crisis, has set an ambitious target of increasing its exports to $500 billion by 2009.
The doubts about the South Korean external debt, banking and housing sectors are also not sustainable. For example, the external debt is around $420 billion but $152 billion of it is risk-free. Similarly, South Korean banking sector has moderate loan growth in 2008 with a continued low level of delinquency. Also, South Korean banks do not have currency mismatch problem which was there in the 1997 crisis and South Korean housing sector has maintained balanced growth rates supported by robust mortgage regulations in recent years.
When there is crisis of faith in market, genuine or imagined, it is the responsibility of the state to intervene and provide assurance about the economic health of the country. South Korean government has taken various proactive steps to curb potential negative fallouts of the crisis. On October 19, the go|||too long so did not bother.
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