Friday, January 4, 2013

Swiss and US reveal desperation - Swiss buying the pound in volume to save the franc , while the US is trial ballooning floating a trillion dollar platinum coin ( hello , massive dollar devaluation would occur ) ! Hilda Solis gives a perfect Orwellian demonstration of double think / double speak ........Antigun newspaper hires armed guards - some might say hypocritical............ Gun grabber film - RUN HIDE FIGHT - what can one say , I mean really

Who win at beggar thy neighbor .......


http://hat4uk.wordpress.com/2013/01/04/currency-wars-switzerlands-franc-fire-sale-in-favour-of-the-pound-rush/


CURRENCY WARS: Switzerland’s franc fire-sale in favour of the Pound-rush

Only a madman would invent the econo-fiscal system we have. Or a neocon.
‘Any thoughts on how we get out of this mess?’ wrote Ambrose Evans-Pritchard, as he rounded off his piece yesterday about the Swiss buying all the Sterling they could lay hands on in a swapathon for the Swiss franc. It is something of a pointer (towards how dysfunctional the global economic system is) that one of the richest nations in the world is buying the currency of a tiny bankrupt country in order to avoid going bankrupt itself. But I’m sure Milt Friedman would’ve had the answer to that peevish criticism. We just need to wait patiently while Dan Hannan finds the mots justes among his collection.
Currency wars – despite Jim O’Neill’s denialism – have been with us for some time now, and things will get worse as the world lurches from wild Wealth of Nations bollocks to protectionism….hopefully along the road to self-sufficiency. Almost exactly two years ago, I posted a sketch about how Britain could wind up winning the currency wars. Every year, it seems, truth gets odder than satire.
Anyway, AEP asked the question, and so I feel duty-bound to reply. The required action is actually ludicrously easy to define, but impossible to get anyone in the self-appointed élite to act on it. This is because they all have something to lose, and they all want to come out as a winner. That is the rice-paper-made flaw upon which the concrete juggernaut of global mercantilism rests uneasily: it assumes everyone can win all at the same time. Anyway, what we need starting some time before May 2013 is:
1. A global summit to crunch debt forgiveness and sign a deal under which a debt-jubilee is declared.
2. Then we need to dump the globalist mercantile/financial capitalist model in favour of sovereign self-sufficiency and trade in surpluses.
3. Then we need to abandon the Euro, the US Dollar and the Pound in favour of a gold-backed world currency coexisting alongside legal-tender gold currency.
But in the immediate and selfish term, given our UK export performance is risible anyway, we should
4. Let the Swiss buy all the Sterling they want and let it shoot upwards in value. This makes us safer against the coming fiat meltdown – which will occur because nobody wants to organise points 1-3 above.
5. Buy all the gold we can get hold of.
6. Use the profits to offset the trade gap.
7. Compel all UK based banks by law to invest in SME growth.
8. Buy an underground house, or a farm above 1500 feet with its own well, once it becomes clear that nobody wants to organise points 4-7 above.
Nothing from 4-7, by the way, makes any sense at all. Point 8 is the sound thing to do, because right now in France you could buy it for a song: and if by chance we do get out of this mess, it will be worth three times what you paid for it within five years. But we need to do 4-7 because nobody will do 1-3. And we need to do 1-3 because nobody has done anything sensible at all thus far. And as nobody will do 1-3, Point 8 still looks good to me. James Delingpole would disagree – and he is right about everything; so that too is something worth bearing in mind.
And yes AEP, you’re right: it is a mess of near inestimable proportions. It is a profound and multivariate mess. It is a mess which, despite various attempts to disguise the pungency of ageing turds, gives off an odour to make any Undertaker retch. It is a mess in which every major sovereign State on the planet is standing, insouciantly drinking tea, as the sewage-to-sulphur-dioxide tide rises slowly towards their knees. Any minute now, a celestial voice will yell, “Right then everyone….tea-break over, back on yer ‘eads.” What happens after that may separate the weet from the chav….but come what may, afterwards everyone is going to smell like sh*t mixed with vomit for quite some time.

and 1984 anyone......

http://www.zerohedge.com/news/2013-01-04/hilda-solis-paying-people-not-work-saved-millions-jobs

Hilda Solis: Paying People Not To Work Saved Millions Of Jobs

Tyler Durden's picture
Submitted by Tyler Durden on 01/04/2013 13:03 -0500




Secretary of Labor Hilda Solis made her ubiquitous post-NFP appearance on CNBC this morning and spouted the usual propaganda. However, while discussing how wonderful the ATRA was, the seemingly slap-happy Solis noted how great the fact that emergency unemployment benefits were extended for millions of people was - and that thanks to that (and the magic of the Keynesian multiplier), millions of jobs were saved. So, to sum up, paying people not to work, saved millions and millions of jobs?Indeed America, indeed.

Must Watch from 3:00 onwards, she stumbles and shakes her head when pushed on the question of how many jobs we lost due to fiscal cliff uncertainty (no idea - none she believes) and then the money-shot on the unemployed and saving millions of small business jobs...

"By the movement that the President did [in ATRA negotiations] we saved millions of jobs"

How desperate or broke is the US ? I mean really.......

Obama to pay US debt with trillion-dollar coins?

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Published: 04 January, 2013, 20:27
TAGS:
Currencies, USA, Economy
The U.S. Dollar coin, featuring the likeness of Indian woman Sacagawea and her infant baby. (Reuters / Ho New)
The U.S. Dollar coin, featuring the likeness of Indian woman Sacagawea and her infant baby. (Reuters / Ho New)
With the fiscal cliff averted for now, it'll be a few weeks until the debt ceiling debate is the next major money issue in Washington. Luckily, some economists say that crisis can be curbed as well, and all it will take is one very valuable coin.
By February, the United States will once again reach its maximum borrowing amount from foreign nations — the debt ceiling — and the House of Representatives and Senate will be stuck deciding if it’s worth raising it once again or rallying for another solution. In recent days, an alternative approach — one that is almost all too perfectly bizarre — has been tossed around. It would involve minting a few trillion dollar platinum coins, and although it’s an unlikely answer, it’s all too legit.
The United States can’t just print paper money all willy-nilly every time it exhausts its borrowing options, but the US can, however, have a figurative field day when it comes to some types of coin.
As analyst Chris Krueger from Guggenheim Securities’ Washington Research Group explains to the American Enterprise Institute, “There are limits on how much paper money the U.S. can circulate and rules that govern coinage on gold, silver and copper. BUT, the Treasury has broad discretion on coins made from platinum.”
“Although the Treasury can't just create money out of thin air to pay its bills, there is a technicality in the law that says the Treasury has special discretion to create platinum coins of any denomination, and the thinking is that [Secretary of the Treasury] Tim Geithner could make the coin and walk it over to the Federal Reserve and deposit it in the Treasury's bank account,” adds Joe Weisenthal of Business Insider.
Although the idea seems outrageous, it’s been discussed repeatedly in the media since the start of 2013, and has even been brought up by an influential member of Congress.
"It sounds silly but it's absolutely legal,” Rep. Jerrold Nadler (D-New York) tells New York Capital this week. "There is specific statutory authority that says that the Federal Reserve can mint any non-gold or -silver coin in any denomination, so all you do is you tell the Federal Reserve to make a platinum coin for one trillion dollars, and then you deposit it in the Treasury account, and you pay your bills.”
More than 1,000 people have already petitioned the Obama administration to order the minting of a coin on the White House’s We the People webpage, and New York Times economist Paul Krugman considered the option himself this week. Of course, doing as much is easier said than done. Designing the actual look of the coin would be up to Congress, and asking the House and the Senate to agree on the face adorning a one-trillion-dollar coin would likely lead to all sorts of Capitol Hill bickering.
Chris Krueger adds to the American Enterprise Institute that this option has a “VERY low probability” of ever happening, and Business Insider’s Weisenthal willingly says it’s a silly route to take, in his own opinion.
“But what's sillier is a rich nation having a debate on whether it will pay what it owes, which is what the debt ceiling fight is all about. So in the face of such silliness, this unfortunately may be required,” he says.


and I just know this newspaper will publish the names and addresses of their armed guards - have to keep the community safe , don't you know......

http://www.zerohedge.com/news/2013-01-04/guest-post-anti-gun-newspaper-hires-armed-guards-%E2%80%93-reveals-its-own-hypocrisy


Guest Post: Anti-Gun Newspaper Hires Armed Guards – Reveals Its Own Hypocrisy

Tyler Durden's picture
Submitted by Tyler Durden on 01/04/2013 12:22 -0500




Submitted by Brandon Smith of Alt-Market blog,
Sometimes I just have to smile when faced with anti-gun propagandists, regardless of the vicious statements they make, because I know from years of past experience in this debate that because of their deep rooted hypocrisy, they WILL inevitably make my pro-gun case for me.  All I have to do is sit back and wait for them to contradict themselves...
After the Sandy Hook attacks, the NRA responded with the suggested measure of establishing armed security guards at public schools in order to ensure there is a defensive presence in place to meet any violent threat.  I personally agree with the idea, though I believe it doesn’t go far enough.  Frankly, allowing teachers to legally carry on school grounds would be a much more effective deterrent, promoting the ability of average citizens to protect themselves rather than constantly relying on some uniformed official. 

The Obama Administration, of course, responded negatively to the NRA’s position and has yet to even address or acknowledge the idea of armed teachers.  Obama shrugged off the NRA, claiming he was “skeptical” of the armed security concept, all while sending his own children to a private school protected by at least 11 armed sentries not counting Secret Service agents:

http://www.breitbart.com/Big-Government/2012/12/23/School-Obama-s-Daughters-Attend-Has-11-Armed-Guards-Not-Counting-Secret-Service
So, Obama is “skeptical” of an armed presence at your children’s school, but not his own children’s school?  Yes, it’s incredibly hypocritical.  My question to the president would be:  If armed guards don’t make a difference, why have your children surrounded by them?  I would be interested to hear his response.  Perhaps he believes his children are more important than our own…
Then there’s that wretched gun grabbing swamp hag, Senator Diane Feinstein; a true anti-gun zealot who has openly admitted that if she thought she could get away with it, she would pursue the complete disarmament of the entire U.S. citizenry.  The same zealot who after the Oklahoma City bombing had this to say at a senate hearing:
“I know the sense of helplessness that people feel. I know the urge to arm yourself because that’s what I did. I was trained in firearms. I walked to the hospital when my husband was sick. I carried a concealed weapon and I made the determination if somebody was going to try and take me out, I was going to take them with me…”
Apparently she saw the need for firearms in the defense of her own life, but not the need for the average citizen to have the same opportunity.
And what about Senator Chuck Schumer, who called for the president to use the excuse of “national security” and terrorism to force through restrictive gun legislation?  The man who also voted against a bill which would have prevented outside entities like the UN from asserting gun control treaties that affect the American public?  Well, Chuck has his own concealed carry permit in the state of New York, of all places, and still continues his antigun rhetoric.  Again, do they see themselves as part of a higher and more valuable class of people?  How do they explain these contradictions in their position?

What about media gigolo Michael Moore and his theater of the absurd?  Playing the role of gun fan while at the same time incessantly promoting gun control rhetoric using skewed information and disingenuous talking points?  The same man who suggested that the sound of a racking shotgun on tape is as effective as having the real thing uses bodyguards armed with THE REAL THING, one of whom was recently arrested for carrying an unlicensed weapon into JFK Airport:
But anti-gun propagandists with armed bodyguards are nothing new.  In fact, anti-gun mayor Michael Bloomberg travels with a cadre of five to six bodyguards, all packing heat.  Why do these people who say they despise guns and gun ownership continue surrounding themselves with the same “devilish weaponry”?  It’s simple; because the mere reality of gun ownership deters criminal attack.  If it didn’t, they wouldn’t rely on firearms at all. 
Apparently, this same fact has suddenly dawned on The Journal News in New York, which has received a flurry of attention (mostly negative) for their insane idea of publishing maps of New York suburban neighborhoods “outing” the names and addresses of all those who have concealed carry permits.  The Journal News has yet to officially address why they chose to do this, but the paper is, needless to say, anti-gun; publishing articles that call for ALL firearms owners, not just those with CCW, to be cataloged and mapped:

Their rationale?  All gun owners should be mapped so that anti-gun citizens can “know who their neighbors are” and the “possible danger that surrounds them”.  The assertion that the newspaper is making is that all gun owners should be treated as potential threats, like convicted pedophiles.  Their philosophy is to consider us guilty until proven innocent.
It is an interesting and manipulative strategy.  The intent is first to promote a national firearms database, which just happens to be a primary part of Diane Feinstein’s coming gun control legislation, as well as to cultivate a kind of “culture of shame” surrounding gun ownership.  The Journal News motto should be:  “Own a gun?  We’ll make sure everyone knows what a monster you are…” 

The paper follows with the argument that people should be allowed to know who in a neighborhood is armed so that they can make an “informed decision” on whether or not they want to live there.  As I have stated in recent articles on the gun control issue, the anti-gun fears of terrified yuppies are not our concern.  They should be required to control THEIR fear, not allowed to control OUR guns.  Their fears do not and should not override our constitutional liberties, and frankly, I couldn’t care less if they want to live in a gun free neighborhood or not. 
Using the gun map philosophy, a universe of invasive collectivist enforcement becomes available.  Why not, for instance, create a map of every person who has been diagnosed by a psychiatrist and given psychotropic medications?  Since almost every person who has committed atrocities like Sandy Hook in the course of the past two decades was under the influence of psychotropics at the time it only follows that everyone on these drugs is a potential threat according to the logic of The Journal News.  I suspect though that at least half of their staff, just like half of New York, is highly medicated, and probably would not endorse such a measure. 

County Officials in New York State are now revolting against the gun map initiatives of The Journal News, denying them further information on permit holders in other counties in order to avoid possible danger to those citizens.  Reuters has responded to this unexpectedly reasonable response by, surprise, attacking it:
State officials denying The Journal access to permit holder names and addresses is so far one of the only sane things being done in the state of New York when it comes to the gun debate, but according to the Reuters opinion piece, such an action is “crazy”.  Is permit holder information a matter of public record?  Yes, for now.  Does that mean that The Journal News should be allowed to exploit that information to satiate their own personal zealotry while making it easy for criminals to devise threat assessments?  The State of New York doesn’t seem to think so.  Honestly, if I was a non-gun owning citizen in New York, I would be much more upset at The Journal than if I was on their list.  Essentially, the newspaper has just advertised who on their map is a potentially easy target… 

Finally, displaying their own grand level of hypocrisy, The Journal News has hired ARMED security guards to protect them from the possible wrath of the angry populace they put at risk:
Is the staff of the newspaper in danger? Well…yes, of course they are!  That kind of blind idiocy and hubris tends to attract wild fury in response.  However, the point remains; when faced with conceivable violence, they turned to the practical solution of armed intervention, just like ANYONE with any sense would.  They admonish us for wanting the right to defend ourselves in the most efficient way available (private firearms ownership) while at the same time surrounding themselves with a shield of guns. 
The gun grabber personality is interminably flawed, but it could be summarized thus:
They believe the whole of society should cater to their personal concerns.  That we should give up our rights just to make them feel safer.  And, that they are somehow a step above the rest of us, and do not need to practice what they preach.  My question is, why should we go out of our way to please such weaklings and frauds?  I have yet to hear a good reason...


And this 1950's level of mentality / panic inducement film - if it wasn't so pathetically typical of Homeland Security messaging , one could almost laugh ...... but this is meant to persuade.......

http://beforeitsnews.com/terrorism/2013/01/graphic-mass-shooting-video-released-by-dhs-alabama-run-hide-fight-2444916.html


Graphic Mass Shooting Video Released By DHS Alabama: Run Hide Fight
Thursday, January 3, 2013 0:15
0
(Before It's News)

The Department of Homeland Security in Alabama has released a graphic mass shooting video in response to the recent mass shootings in Connecticut, Colorado and elsewhere informing people what to do if a shooter were to come into your workplace. Their advice? Run, hide, fight. The video examines each of these options. One logical option is not mentioned in the video though, if one or more of these ‘victims’ had a CCW permit, they wouldn’t have needed to pick up chairs and fire extinguishers as possible ways to defend themselves against a gunman should a real shooting scenario arise. The odds of a man with a chair being successful defending against a gunman intent upon doing damage are very low. Is this what the DHS has in mind for how Americans should defend ourselves against gunmen AFTER the gun ban has passed and Americans disarmed? I don’t like the odds…



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