Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good

Flashback:

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
– Barack Obama


Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good (Economic Collapse, Aug 29, 2012):

Barack Obama has destroyed the future of America in order to improve his chances of winning the next election.  Under Obama, 5.3 trillion dollars has been ruthlessly stolen from our children and our grandchildren.  That money has been used to pump up the debt-fueled false prosperity that we have been experiencing.  When the U.S. government borrows money that it does not have from someone else (such as China) and spends that money into the economy it is going to make our economic numbers look better.  Even if the government spends that money on incredibly stupid things, it still gets into the hands of average Americans who in turn spend that money on food, gas, clothes, etc.  If we were to go back and take that extra 5.3 trillion dollars out of the U.S. economy, I guarantee you that we would be in a rip-roaring depression right now.  We would look a lot like Greece at this point.  For several years Greece has been raising taxes and cutting government spending in an attempt to balance the budget and these austerity measures have resulted in an unemployment rate of over 23 percent and an economy that has contracted by close to 25 percent.  Most Americans don’t want to go through pain like that so they are okay with continuing to financially rape our children and our grandchildren.  Just imagine how you would feel if your parents died tomorrow and you found out that they had left you with a million dollar debt that you were legally obligated to pay off.  How would you feel, knowing that you had just been sold into debt slavery for the rest of your life?  Well, that is how our children and our grandchildren are going to feel.  We are destroying the greatest economic machine the world has ever seen, we are accumulating the biggest mountain of debt in the history of the planet, and the coming economic collapse that we have caused is going to wipe out the promising future that our children and our grandchildren were supposed to have.  If they get the chance, future generations of Americans will curse us bitterly and will spit on our graves.  What we are doing to our children and our grandchildren is the kind of stuff that horror movies are made of.  You should be ashamed of yourself America.The federal budget deficit for 2012 will be larger than the entire U.S. national debt was 30 years ago.  In 1982 Ronald Reagan was in the White House and the U.S. national debt was considered to be a tremendous national crisis.  But somehow we have allowed our national debt to grow from about a trillion dollars back then to approximately $16,000,000,000,000 today.

By the end of Obama’s first term, the U.S. national debt will have grown more than it did from the time that George Washington became president to the time that George W. Bush became president.

That is hard to believe.

Obama is going to outdo all the presidents from George Washington through Bill Clinton in just one term.

Amazing.

Read moreObama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good

Stock Market Crash By The End Of 2012?

Is There Going To Be A Stock Market Crash In The Fall? (Economic Collapse, Aug 28, 2012):

Is the stock market going to crash by the end of this year?  Are we on the verge of major financial chaos on a global scale? Well, this is the time of the year when investors start getting nervous.  We all remember what happened during the fall of 1929, the fall of 1987 and the fall of 2008.  However, it is important to keep in mind that we do not see a stock market crash in the fall of every year.  Some years the stock market cruises through the months of September, October, November and December without any problems whatsoever.  But this year conditions certainly seem to be right for a “perfect storm” to develop.  Technical indicators are screaming that a stock market decline is imminent and sources in the financial industry all over the world are warning that a massive crisis is on the way.  What you are about to read should alarm you.  But it is not a guarantee that anything will or will not happen.  When Ben Bernanke gives his speech at the Jackson Hole summit on Friday he could announce to the rest of the world that the Federal Reserve has decided to launch QE3 and that the Fed will be printing up trillions of new dollars.  If that happened global financial markets would leap for joy.  So it is always a dangerous thing when anyone out there tries to tell you that they can “guarantee” what is about to happen in the financial world.  There are just so many moving parts.  But if we do not see major intervention by the governments of the world or by global central banks a major financial crisis could rapidly develop this fall.  The conditions are certainly right for a stock market collapse, and we could easily see a repeat of what happened back in 2008.The truth is that the second half of 2012 looks a little bit more like the second half of 2008 with each passing day.

Read moreStock Market Crash By The End Of 2012?

Dr. Paul Craig Roberts: The Western Onslaught Against International Law

Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

paul-craig-roberts
Dr. Paul Craig Roberts

The Western Onslaught Against International Law (Paul Craig Roberts, Aug 28, 2012):

A new film, “Compliance,” examines “the human desire to follow and obey authority.” Liberal institutions, such as the media, universities, federal courts, and human rights organizations, which have traditionally functioned as checks on the blind obedience to authority, have in our day gone over to power’s side. The subversion of these institutions has transformed them from checks on power into servants of power. The result is the transformation of culture from the rule of law to unaccountable authority resting on power maintained by propaganda.

Read moreDr. Paul Craig Roberts: The Western Onslaught Against International Law

Dr. Paul Craig Roberts: Putin Is Demonized While Democracy Fails In Amerika

From the article:

Obama is a despicable patsy, a front man for powerful private interests, and Democrats should be totally ashamed to have elevated such a cowardly lowlife. But as awful as Obama is, a vote for Republicans is a vote for Hitler or Stalin. Indeed, the election of Romney and Ryan would be worse than either.


Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

paul-craig-roberts
Dr. Paul Craig Roberts

Putin Is Demonized While Democracy Fails In Amerika (Paul Craig Roberts, Aug 30, 2012):

The latest “rights group” to jump on Russia’s President Putin about Pussy Riot is RootsAction. Following the propaganda line that Washington has established, RootsAction’s appeal for money and petition signers states that the three Russian women were sentenced to two years in prison “for the ‘crime’ of performing a song against Russia’s president Vladimir Putin in a Moscow church.”

This statement is a propagandistic misrepresentation of the offense for which the women were tried and convicted.

Read moreDr. Paul Craig Roberts: Putin Is Demonized While Democracy Fails In Amerika

Dr. Paul Craig Roberts: Amerika’s Future Is Death

Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

paul-craig-roberts
Dr. Paul Craig Roberts

Amerika’s Future is Death (Paul Craig Roberts, Aug 20, 2012):

The day we see truth and do not speak is the day we begin to die.”
– Martin Luther King

Conspiracy theories have now blossomed into what the smug presstitute media calls a “conspiracy culture.” According to the presstitutes, Americans have to find some explanation for their frustrations and failings, so Americans shift the blame to the Bilderbergers, the Rothschilds, the New World Order and so forth and so on.

Readers will not be surprised that I disagree with the presstitutes. Indeed, the conspiracy culture is the product of the presstitute media’s failure to investigate and to report truthfully. I am certain that the Western media is worse than the Soviet media was. The Soviet media devised ways for helping the public to read between the lines, whereas the Western media is so proud to be confidants of the government that they deliver the propaganda without any clues to the readers that it is propaganda.

Read moreDr. Paul Craig Roberts: Amerika’s Future Is Death

Americans Shot in Mexico Were CIA Operatives AIDING In Drug War

See also:

High-Ranking Mexican Drug Cartel Member Makes Explosive Allegation: ‘Fast and Furious’ Is Not What You Think It Is

Pictures Of New Mexican President With Sinaloa Drug Cartel Lieutenant

Bulk Cash: HSBC’s Mexican Bank Shipped $7 BILLION In Bulk Cash To The Firm’s U.S. Bank In 2007 And 2008 (Bloomberg)

Obama Asserts Executive Privilege On Fast And Furious Documents (CNN)

Obama Regime Let GRENADES Walk In Operation ‘Fast And Furious’, Documents Show

Drug Lords Targeted By Operation ‘Fast And Furious’ Were FBI Informants


Americans Shot in Mexico Were C.I.A. Operatives Aiding in Drug War (Pittsburgh Post Gazette, Aug 29, 2012):

MEXICO CITY — The two Americans who were wounded when gunmen fired on an American Embassy vehicle last week were Central Intelligence Agency employees sent as part of a multiagency effort to bolster Mexican efforts to fight drug traffickers, officials said on Tuesday.

The two operatives, who were hurt on Friday, were participating in a training program that involved the Mexican Navy. They were traveling with a Mexican Navy captain in an embassy sport utility vehicle that had diplomatic license plates, heading toward a military shooting range 35 miles south of the capital when gunmen, some or all of them from the Federal Police, attacked the vehicle, Mexican officials have said.

The Mexican Navy said Tuesday in a statement that an American was driving the vehicle and that during the attack the captain, who was handling logistics and translating for the men, remained in the back seat calling for help on his cellphone.

Read moreAmericans Shot in Mexico Were CIA Operatives AIDING In Drug War

Study: Statin Drugs Accelerate Hardening of Arteries

New Study Finds Statin Drugs Accelerate Hardening of Arteries (Live In The Now, Aug 27, 2012):

The pharmaceutical industry claims the cardiovascular benefits of statins outweigh their many troubling side effects, as well as their risk of causing type 2 diabetes. A new study that shows these drugs accelerate arterial calcification appears to refute this claim, leaving Big Pharma without a leg to stand on.

Findings are a blow to Big Pharma’s claims.

In the research published in Diabetes Care, scientists examining patients with type 2 diabetes and severe atherosclerosis discovered that coronary artery calcification was decidedly greater in more frequent statin users compared to those who were less frequent users. Even more disturbing, in a subgroup of participants who initially did not take statins, advancement of coronary artery calcification (CAC) and aortic artery calcification (AAC) was decidedly greater in those who used statins frequently.

Read moreStudy: Statin Drugs Accelerate Hardening of Arteries

Apple iPhone To Replace Your Wallet

Will the next iPhone replace your wallet? Apple set to take on Google with chip that could let you pay with a wave of your handset (Daily Mail, Aug 28, 2012):

  • iPhone expected to have NFC chip that could turn it into a credit card
  • Successful launch could spark a revolution in how payments are made
  • Will take on Google which already offers wallet feature is some of its Android phones
  • Apple expected to unveil phone on September 12, followed by UK launch in early October

The iPhone has already replaced digital cameras, MP3 players and portable games consoles for most owners.

Now it could be about to replace your wallet.

The next iPhone, which is believed to launch in just two weeks time, is expected to come with a built-in chip which can serve as your credit or debit card for small payments.

Read moreApple iPhone To Replace Your Wallet

Russia’s Chief of Staff General Nikolai Makarov: Russia Not To End Military Presence In Syria

Russia not to end military presence in Syria: army chief (PressTV, Aug 28, 2012):

Russia has no intention to end its military presence in Syria despite the ongoing violence in the Arab nation, the Head of Russian army says.

Chief of Staff General Nikolai Makarov on Tuesday rejected the reports that Moscow was in the process of evacuating its naval base in Syria and pulling out its high ranking military personnel.

“Why are you so worried about Syria?” Makarov said. “All the plans that we have in place are working and no one is running away from there.”

“I would think it is premature to start making any conclusions and saying that we ran away,” Makarov added.

His remarks came after some unconfirmed report began circulating in Russian media claiming that Moscow has decided to reduce the number of its military personnel in a naval center in the Syrian city of Tartus.

Read moreRussia’s Chief of Staff General Nikolai Makarov: Russia Not To End Military Presence In Syria

Police Quiz Veteran Over ‘Obama F*k Off’ Message Painted In Large Letters On His Truck

FYI.


Police quiz veteran, 55, over ‘Obama F*k Off’ message painted in large letters on his truck – but he insists it means Fundamentally Useless Kenyan (Daily Mail, Aug 28, 2012):

The extreme methods used by a U.S. Army veteran to convey his political views have been called into question after he painted the words ‘Obama Fuk Off’ on the side of his truck.

Dennis Paul Hamm, 55, of Union Grove, Wisconsin, was quizzed by police after complaints called his message unsuitable ‘for kids in the area’, according to the Racine County Sheriff’s report.

But the unapologetic conservative insisted that rather than misspell the expletive without the ‘c’, the letters were intended as an acronym for ‘Fundamentally Useless Kenyan’, referring to the belief held by many far right-wingers, that the President is not in fact American.

Study: Cannabis Smoking ‘Permanently Lowers IQ’

Cannabis smoking ‘permanently lowers IQ’ (Telegraph, Aug 27, 2012):

Teenagers who regularly smoke cannabis are putting themselves at risk of permanently damaging their intelligence, according to a landmark study.

Researchers found persistent users of the drug, who started smoking it at school, had lower IQ scores as adults.

They were also significantly more likely to have attention and memory problems in later life, than their peers who abstained.

Furthermore, those who started as teenagers and used it heavily, but quit as adults, did not regain their full mental powers, found academics at King’s College London and Duke University in the US.

Read moreStudy: Cannabis Smoking ‘Permanently Lowers IQ’

US Military Suicide Rate To Hit Another Record High In 2012

US Army suicide rate to hit record high in 2012 (PressTV, Aug 29, 2012):

A top US commander says 2012 is expected to be another “tough year” for the country’s entire military as the number of suicides in the US Army ranks is expected to hit a new high for the year.

“Even with the attention of the leadership, I think all the services are feeling it,” Marine Corps Commandant General James Amos said after a speech at the National Press Club on Tuesday, adding, “This year… is going to be a tough year for all the services.”

Read moreUS Military Suicide Rate To Hit Another Record High In 2012

Tepco: Dozen pieces of rubble found in fuel rod assembly removed from Fukushima No. 4 unit

Tepco: Dozen pieces of rubble found in fuel rod assembly removed from Fukushima No. 4 unit (ENENews, Aug28, 2012):

(Subscription Only) Title: No major corrosion found in unused fuel from Fukushima No. 4 unit
Source: Kyodo News
Date: Aug. 28

Tokyo Electric Power Co. said Tuesday that it did not find any significant corrosion or damage during a detailed examination of an unused nuclear fuel assembly removed from the badly damaged No. 4 reactor unit at its Fukushima Daiichi power plant.Because the assembly was stored in the unit’s spent fuel pool when an explosion occurred at the building in the early days of the nuclear crisis last year, a dozen pieces of rubble were found in the bundle of fuel rods, according to the utility.

[…]

Japanese Officials Report Concerns About Gamma Rays Being Emitted From Fukushima Plant Debris

Japanese officials report concerns about gamma rays being emitted from Fukushima plant debris (ENENews, Aug 27, 2012):

Title: Japan: Post-Fukushima radioactivity low, gamma ray radiation more of a concern
Source: AP
Date: Aug 27, 2012

Japanese officials reporting on the aftermath of the Fukushima disaster say that gamma rays from the rubble left by the accident are now a greater concern than radioactive cesium still being emitted from the crippled nuclear plant.A report to an International Atomic Energy Agency meeting presented Monday says that cesium being released from the plant is at approximately 0.01 becquerels per hour [Note: Perhaps terabecquerels?], well below the health-hazard level. Shinichi Kuroki, who presented the report, says the greater challenge is to reduce relatively high gamma ray radiation from the plant debris.

[…]

India: 350 Million Families Starve As Politicians Loot $14.5 Billion In Food

350 Million Indian Families Starve As Politicians Loot $14.5 BIllion In Food (ZeroHedge, Aug 29, 2012):

While The Brits are about to tax their Super-Rich, it appears one of the old colonies remains in full anti-Robin-Hood mode. Nothing surprises us much anymore but this note from Bloomberg too the proverbial biscuit. In the “most mean-spirited, ruthlessly executed corruption,” India’s politicians and their criminal syndicates have looted as much as $14.5bn in food from one province alone. 57,000 tons of food meant for the devastatingly poor of the Uttar Pradesh region is sat in a government storage facility five football fields long. The ‘theft’ has blunted the nation’s only weapon against mass starvation and as Supreme Court commissioner Naresh Saxena notes: “What I find even more shocking is the lack of willingness in trying to stop it,” as the Minister for Food, who stands charged with attempted murder, kidnapping, armed robbery and electoral fraud, has diverted more than 80 percent of the food. “Who is a person who holds a below poverty line ration card? A person of no influence; you can just tell him to buzz off.” But there is growing tension “We could just storm the place, and every one of us could get a bag of rice each. Who would stop us?”

Via Bloomberg:

India has run the world’s largest public food distribution system for the poor since the failure of two successive monsoons led to the creation of the Food Corporation of India in 1965.

This scam, like many others involving politicians in India, remains unpunished. A state police force beholden to corrupt lawmakers, an underfunded federal anti-graft agency and a sluggish court system have resulted in five overlapping investigations over seven years — and zero convictions.

Read moreIndia: 350 Million Families Starve As Politicians Loot $14.5 Billion In Food

The Rot Runs Deep 3: The Capture Of The Professional Class

The Rot Runs Deep 3: The Capture of the Professional Class (ZeroHedge, Aug 29, 2012):

A rotten-to-the-core system continues grinding on because it has effectively co-opted (captured) the professional/managerial class with promises of phantom wealth and security.The Status Quo depends on the professional/managerial class to maintain order and keep the machine running. Since this class has more options in life than less educated lower-income workers, their belief in the fairness and stability of the Status Quo is essential: should their belief in the Status Quo weaken, so would their commitment to positions that require long work days and abundant stress.

I addressed this dependence on the professional/managerial class over four years ago in When Belief in the System Fades (March 12, 2008):

Read moreThe Rot Runs Deep 3: The Capture Of The Professional Class

What’s Inside The Suspect Nuclear Waste Tank At Hanford?


Rendering of Hanford’s Double-Shell Tanks (DOE image)

What’s Inside The Suspect Nuclear Waste Tank At Hanford? (Forbes, Aug 27, 2012):

When news broke last week that radioactive material had been found outside of the inner containment wall of a double-hulled tank at the nuclear waste cleanup site in Hanford, Wa, most reports characterized the contents of the tank as “radioactive waste.”But that’s more a category than a description.

The Energy Department has been eager to find out exactly what’s in the tank, which received wastes from leaky single-walled tanks and from more than a half dozen facilities at the Hanford site, including nuclear reactors, plutonium processing plants, a PUREX plant, and laboratories.

DOE funded many studies to analyze the chemical compounds in the tank, determine whether they could corrode the stainless-steel walls, and to anticipate the effects of a spill. Here’s some of what those studies found:

Read moreWhat’s Inside The Suspect Nuclear Waste Tank At Hanford?

Japan Hospitals Refuse To Treat Fukushima Plant Workers

Japan Newspaper: Hospitals refused to treat Fukushima plant workers (ENENews, Aug 28, 2012):

Title: Survey revealed psychological trauma in Fukushima nuclear plant workers
Source: The Denki Shimbun (The Electric Daily News)
Date: Aug. 28, 2012

The result of a survey conducted on about 1,500 workers employed at the Fukushima I and II nuclear power stations on their psychological health has been released. The survey result was compiled by a study group set up jointly by Japan’s National Defense Medical College and Ehime University, and was published in the August 15 issue of the Journal of the American Medical Association. The Denki Shimbun interviewed Jun Shigemura, lecturer at National Defense Medical College, who took part in the study as a joint researcher.

The survey was conducted over the period from May to June 2011 following the great earthquake. While the survey result found that the workers at the Fukushima I and II have suffered various forms of stress, the damage that had the greatest impact on the workers was the experience of discrimination and slander. According to Shigemura, some of the workers have been the victims of verbal abuse at evacuation centers, harassment over the lease of apartments, refusal of care at hospitals and other traumatic experiences.

[…]

Japan: More Homes To Be Built With Radioactive Cement

Saitama prefecture is going to start recycling disaster debris to cement (Fukushima Diary, Aug 28, 2012):

More houses will be built from radioactive concrete.

3 local governments in Saitama are going to accept disaster debris to recycle into cement.
In one of the cities, the city mayor died of myocardial infarction 2 days after attending at the test incineration of debris. (cf. Hospitalized Hidaka city mayor was at incineration test of debris 2 days before)

Read moreJapan: More Homes To Be Built With Radioactive Cement

Radioactive Japan: Major Supermarket Chain Sells Contaminated Food Up To 50 Bq/Kg

Major supermarket chain Aeon sells contaminated food up to 50 Bq/Kg (Fukushima Diary, Aug 26, 2012):


It’s becoming increasingly impossible to eat safe food in Japan.

A major Japanese supermarket chain, “Aeon,” has stopped selling radiation-free food.

On 11/8/2011, Aeon announced that they had set their own safety limit for food at 50Bq/kg. [Link]

The Japanese government’s safety limit is set at 100 Bq/kg, so Aeon’s safety limit is supposed to be doubly safe; however, it’s still not 0 Bq/kg.

Aeon published the results of radiation testing, but the testing was only done on a few samples.

Aeon is currently building their backup headquarters in Aichi, central Japan. (cf. Largest supermarket chain and Imperial family move their back up in western Japan)