Wall Street

National Debt Made Simple

HE US CONGRESS SETS a federal budget every year (Before Obama*) in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let’s put the 2011 federal budget into perspective: * US income: $2,170,000,000,000 * Federal budget: $3,820,000,000,000 * New debt: $1,650,000,000,000 * National debt: $14,271,000,000,000 * Recent budget cut: $38,500,000,000 (about 1 percent of the budget) It helps to think about these numbers in terms that we can relate to, so let’s remove eight zeros from these numbers and pretend this is the household budget for...

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As We Awaken The Sleeping Giant

ANY OF US WHO WERE ALIVE during World War II and slightly thereafter may remember the famous quote regarding America being the “sleeping giant.” “Be fearful of waking her!” Do not wake a sleeping giant. This is an idiom which means: Do not disturb/annoy/provoke someone powerful who was not disturbing you in the first place. Japan woke a sleeping giant when they invaded Pearl Harbor. Japanese Admiral Isoroku Yamamoto is portrayed at the very end of the 1970 film Tora! Tora! Tora! and in the 2001 film Pearl Harbor, as saying after his attack on Pearl Harbor [was quoted in...


Turning Fishermen Into Garbagemen

ITH FLOATING HEAPS OF PLASTIC CHOKING the world's oceans and fishermen chaffing at new regulations meant to protect dwindling European fish stocks, a top EU official has proposed a clever idea that may help address both problems: Pay fishermen to catch plastic trash, rather than fish. EU fisheries chief Maria Damanaki has been under fire for the European Commission's plan to ban discards of edible fish. The practice is no small problem, The Guardian wrote this week: Two-thirds of the fish caught in some areas is thrown back, usually dead, because fleets exceed their quota, unintentionally catch juveniles or species...


Oi! Oi! Oi!

THERE IS A REASON we do not develop our own energy resources...they are being held as collateral for our massive debts held by foreign countries. When we default you will see Chinese oils workers, miners, and other energy related workers showing up in the USA. They will live in separate autonomous communities apart from us, just like they are doing in Africa. We are destined to be a resource of the Chinese with our population being irrelevant. In order to create a new world order, the largest pool of free thinking people has to be destroyed. If you think me...


The Obama War On the Middle Class

Ripped from the headlines at MSNBC: he GOP has their whole economic theory UPSIDE DOWN and DEAD WRONG. The reason tax revenues have plummeted is NOT because America is broke. Both corporate profits and GDP are ABOVE where they were in 2007. So why is there no tax revenue coming in? Because the money isn't going to WAGES, it's being siphoned off by the investor class.(See the chart) When workers are paid wages, 100% of that money goes back into the economy. They pay both income taxes and payroll taxes (which account for 36% of U.S. tax revenue), and they...