Peter Schiff: It’s All About the Benjamins, And US Currency is Creeping on Broke

[kathyet]

 

Peter Schiff: It’s All About the Benjamins, And US Currency is Creeping on Broke - http://bit.ly/1S9p80i  

LADIES AND GENTLEMAN, THE CAPTAIN HAS ASKED THAT YOU FASTEN YOUR SEATBELT. THINGS ARE GOING TO BEGIN TO GET BUMPY…

Before you even open this post, or go any further, and before you listen to Peter’s analysis, decide if you are going to listen for entertainment purposes, or if you are going to listen to save your family. How often has Peter been right when all the talking heads have ALL been wrong? Think about that. To help you along, Peter begins with his predictions on the Fed raising interest rates. Despite 90-95% of Peter’s peers saying that is was all but a certainty that the Fed would raise rates, MANY of the links listed below feature Peter railing about what a preposterous idea that was, and how it was NEVER, NEVER EVER, going to happen. Once again Peter was right, once again, none of his peers listens. Thankfully his clients do. 

Peter begins his analysis with the jobs numbers. The economy is in freewill. NEVER, NEVER ONCE in the history of the the Republic, has labor participation by men been this low. In short, take the bad job numbers that were forecasted, totally cooked ones at that, then go back and revise them even lower, then lower some more, and maybe you start to get some idea the sheer severity of what is looming around the corner, because those are the revised numbers that GOVERNMENT is giving you… and you better know they are lying by now. 

To use an analogy for what we are experiencing, picture the entire country on Janet Yellen’s party bus, compliments of the Fed. The rest of the world knows that trouble is already starting to unfold, but not Americans. Americans are so busy partying and having a good time on the Fed party bus that they don’t even notice the chaos unfolding. Only because Janet Yellen is providing all the party punch (lose monetary policy) for the people on board, the American people are so drunk on stupid, they’re having the time of their lives as the bus is going over the cliff. 

[kathyet]

Here is the link for the rest of the article

http://beforeitsnews.com/politics/2015/11/peter-schiff-its-all-abou...

[charles royer]

Valerie Jarrett is the Poster Girl for Chicago’s Pension Crisis
The City of Chicago is being fiscally devoured by pension obligations run up by politicians buying votes. Even with a record $543 million property tax increase, the city’s $20 billion debt to its pension funds will continue to grow for at least a decade. Pension costs overwhelm the city’s ability to deliver any actual services, and the tax increases necessary to pay for both services and pensions predictably could drive away businesses and residents, leaving behind another Detroit.

Wait a minute, how about Valerie Jarrett, President Obama’s Supreme Consigliere, and, many believe, the de facto President of the United States, while the nominal POTUS plays golf, watches televised sports, and stays current with the latest TV shows and rap music.

Chris Fusco and Patrick Rehkamp report in the Chicago Sun-Times:

Read more: http://www.americanthinker.com/blog/2016/02/valerie_jarrett_is_the_...
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[charles royer]

China is buying up American companies fast, and it's freaking people out
Chinese companies have been buying up foreign businesses, including American ones, at a record rate, and it's freaking lawmakers out.

There is General Electric's sale of its appliance business to Qingdao-based Haier, Zoomlion's bid for the heavy-lifting-equipment maker Terex Corp., and ChemChina's record-breaking deal for the Swiss seeds and pesticides group Syngenta, valued at $48 billion.

Most recently, a unit of the Chinese conglomerate HNA Group said it would buy the technology distributor Ingram Micro for $6 billion.

And the most contentious deal so far might be the Chinese-led investor group Chongqing Casin Enterprise's bid for the Chicago Stock Exchange.
http://www.businessinsider.com/chinese-outbound-acquisitions-concer...

[charles royer]

Visual of you're tax dollars!

http://demonocracy.info/infographics/usa/us_government_budget/us_go...