Remember alleged deserter Sgt Bowie Bergdahl who Obama exchanged for 5 terrorists housed at Gitmo; who wrote in an email “I am ashamed to be an American. “The horror that is America is disgusting.” Well the final report about his alleged disertion is to be released after the new Congress takes office.
“According to a few reports out today, including sources linked to the Bill O’Reilly show on Fox News, the long delayed Bowie Bergdahl report will finally be released in January and will show that Sgt. Bergdahl abandoned his fellow soldiers in Afghanistan.”
Now get this. Not only is bergdahl a deserter but he will receive $300,000 in back pay and will not have to pay any taxes on that money.
Gritting your teeth yet, reader? A soldier deserts his post, runs to the Taliban where he remains there for five years as a guest/captive. Other American soldiers are killed looking for him. Then the Obama government trades five high ranking Taliban leaders for this one deserter who then is given $300,000 dollars in back pay that he gets to keep – despite it being proven he abandoned his post and will be dishonorably discharged from the military!
From To The Point News: By Richard Rahn
Why do very successful nations often adopt policies that lead to their undoing?
After a revolution or major reform, some countries allow a high degree of economic freedom, establish the rule of law, protect private property rights and establish low tax rates with strict limits on government spending and regulation.
The economy takes off, the citizens become far richer and then the government mucks it up, usually by attempting to redistribute income and expand state control.
Is Chile, which has been one of the bright spots in the world economy, falling into this pattern under socialist President Michelle Bachelet?
For the past three decades, Chile has outperformed the other South American countries and now has the highest per-capita income in South America, averaging approximately $22,000 per year on a purchasing power parity basis.
The World Bank lists Chile as a “developed economy,” and it was the first Latin American country to become a member of the Organization for Economic Cooperation and Development. The average Chilean has a per capita income about three times higher than in 1983.
And now the Chilean people seem poised to let Ms. Bachelet throw it all away.
By Ambrose Evans-Pritchard, International Business Editor
Vladimir Putin has lost control of Russia’s economy and may be forced to impose Soviet-style exchange controls after “shock and awe” action by the central bank failed to stem the collapse of the ruble.
“The situation is critical,” said the central bank’s vice-chairman, Sergei Shvetsov. “What is happening is a nightmare that we could not even have imagined a year ago.”
The currency spiked from 71 to 98 against the euro yesterday (12/16) in the biggest one-day drop since the default crisis in 1998 as capital flight gathered pace, despite a drastic rise in interest rates to 17% the day before (12/15) intended to crush speculators and show resolve. It closed at 87, and at this writing today (12/17) is at 83.
Yields on two-year Russian bonds spiraled to 15.36%, while credit default swaps are pricing in a one-third chance of a sovereign default. The shares of Russia’s biggest lender, Sberbank, fell 18%.
Neil Shearing, from Capital Economics, said the spectacular failure of the rate shock may bring matters to a head. “If a rise of 650 basis points won’t do the job, we are near the end. That means stringent capital controls,” he said.
In Washington, the White House said it had no intention of easing pressure on Russia to halt the freefall. “It is President Putin’s decision to make. The aim is to sharpen the choice that he faces,” said White House spokesman Josh Earnest yesterday.
After years of bluster and suggestions by Mr. Putin that the US is a paper tiger, the Kremlin is now coming face to face with the cataclysmic consequences of what it has done by invading Ukraine and changing Europe’s borders by force.
Zero hedge prints a scathing article by Jim Quinn via The Burning Platform blog, “After the disgusting example of politicians of both spineless parties bowing down before Wall Street, the military industrial complex and corporate interests this weekend with the passage of a bloated pig of a spending bill totaling $1.1 trillion, how can anyone not on the payroll of the vested interests not admit there is only one party – and it serves only the needs of the wealthy business interests.”
You need to read the full article at Zero Hedge.
The Washington Times reports: “A federal judge has found parts of President Obama’s new deportation amnesty to be unconstitutional, issuing a scathing memo Tuesday accusing him of usurping Congress’s power to make laws, and dismantling most of the White House’s legal reasoning for circumventing Congress.”
Note to Mr. Boehner et al, you could have been heroes by standing up to this lawless President instead of screwing the people who voted against Obama.
BTW, this isn’t the first time this president’s actions have been found to be unconstitutional.
To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold.
But when currencies collapse, gold shines.
Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why — all fiat currencies go this way eventually and the proximate cause is almost irrelevant). Russians who trusted their government and kept their savings in, say, a bank account, are losing their shirts. But those who own boring, doesn’t-pay-interest, in-a-bear-market gold have seen their capital appreciate in local currency terms by about 60 percent in just the past month. They’re not “making money,” but they are preserving wealth.
This is how it has gone always and everywhere when governments have destroyed their currencies. In the Roman Empire, revolutionary France, revolutionary America, most of Latin America in the 20th century, and now big parts of the developing world, local currencies evaporate but gold just sits there, buying the same amount of stuff as ever, impervious to the games governments play.
It won’t be long before this chart is replicated in a whole lot of other places. But by then it will be too late to prepare. The gold will be gone and those who trusted their governments will have to make do with promises.
My heart is hurting this morning after reading the headlines flashed to my email:
A revenge mission for Pakistani schoolgirl activist Malala Yousafzai being awarded the 2014 Nobel Peace Prize.
Ahmed Rashid, an expert on the Islamic militants, told the BBC the insurgents had various reasons to attack the school, one of which was to send a message to the supporters of Malala, who advocates education for women and children.
Copyright © 2007 Mover Mike. Design by Anthony Baggett.