'Greece Can Only Solve Its Crisis if It Quits the Euro'

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If you are even slightly interested with the economic crisis in Greece, read this article.
If you are considerate about the nearby future, read this article.
If you need a little push, click here.
One of my favorite points that Sinn makes in his interview:

Greece's creditors aren't entitled to have the debt repaid by the international community. Everyone has to earn the standard of living themselves, and those who chose to make money from risk must bear that risk.

If I understand interest-bearing loans correctly, don't interest rates encode the risk of default? The idea that a creditor may lend money with trailing interest rates and recollect irregardless of the debtor's ability to pay is irritable. That is the entire notion of risk! Likewise, interest represents the opportunity cost of not investing elsewhere. Why is there an obligation to pay debts that cannot be managed? An entire country turning to austerity mirrors a system of debt bondage, just on a much larger scale. While, yes, the ability to pardon debt too easily could limit growth by turning away investors, a balanced between the creditors and the debtors. I should not be able to go to input debtor into a thesaurus website and see it paired with "delinquent."
Further, what are the negatives to this? What is to become of home mortgages that are held by the Euro? And what of the middle class? They will likely be affected most by the currency shift, and their savings may be exhausted, but what of the austerity period Sinn is predicting? There is also a decent chance that a proportion of the middle class will simply emigrate in search of better opportunities. What shall serve as the backbone of economic revitalization without the pivotal middle class?

20,000 new jobs

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The supermaket Tesco is to create 20,000 new jobs

The firm said the new jobs would include full and part-time positions, and some apprenticeship placements for new employees.Tesco is the country's largest private sector employer with more than 290,000 staff - a quarter under the age of 25.Prime Minister David Cameron said the news was a "massive confidence boost for the UK economy".

GO to tesco jobs

Sequester Cuts Part Of "Obama Permanent Campaign" Listen To Podcast

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President Obama's demagoguery and fear-mongering on his sequestercuts are breathtaking, even for him. Lest you think I am engaging inhyperbole, let me give you the dictionary definition of a demagogue.

One definition is "a political leader who seeks support byappealing to popular desires and prejudices rather than by using rationalargument."

Obama's ordinary MO is to stir people against one another, tostoke the flames of envy among some against others in lieu of rationalargument to rally support for his causes.

Obama has had four years to try his ideas. They have all failed,in every category. His stimulus plan to spend nearly $1 trillion ofborrowed money to jump-start the economy was a colossal, unconscionablewaste of money we didn't have and not only didn't work as promised butprobably stalled the private sector's efforts to recover. He remainsdefiantly unrepentant in the face of his repeated reckless green policyfailures.

Liberal economists and ideologues -- in some cases, there's littledifference -- cling fast to the myth that Obama's gutting of the privatesector to chase public money after projects for which there was no demandactually helped the economy. But they can't prove their assertion that theeconomy would have been worse but for the stimulus any more than one canprove a negative. But objective evidence says otherwise: Obama haspresided over the worst recovery in 50 years.

But those who control the writing of history (and the otherdisciplines, such as economics, that have been thoroughly politicized inmodern academia) have an advantage in controlling the present. Liberalacademic revisionists have firmly planted in our history and economictexts the myth that FDR's big-government policies brought us out of theGreat Depression. Only recently have a number of modern historians andauthors set the record straight: His policies exacerbated and prolongedthe Depression. Yet Obama persists in touting his own big-governmentprescriptions, demanding we ignore history and his own record.

Obama has had four years to get the economy moving, and ourextraordinarily high level of unemployment is just as high as it was whenhe took office and, when you consider the record numbers of people leavingthe workforce, is much worse than the numbers indicate. Yet he stillrefuses to accept any responsibility for his own failures.

Obama will not offer any plan to reduce spending, especiallyentitlements. He just keeps going back to his crusade against the rich,from whom he's already extracted a higher tax rate and eliminated personalexemptions and deductions. He promised he wanted a balanced approach, buthe refuses to balance his punitive tax hikes with spending cuts andentitlement reform. Even former Sen. Alan Simpson said that unless Obamagets serious about entitlements, he will have a failed presidency.

But Obama and his Democratic senators will not pass a budget, andthey will not participate in entitlement reform. Instead, Obama is backrailing against the Republicans for their alleged unwillingness to furthertax the rich, whom they have already reluctantly agreed todiscriminatorily tax.

Obama tells us that Republicans are insisting on keeping hisbrainchild -- the sequestration -- in place to avoid further taxing therich. This is the same sequestration he promised to support; he eventhreatened to veto efforts to remove it. Now he complains about itsdraconian cuts -- not about cuts to the military but about cuts to hissacred domestic programs. But in fact, even with the sequester cuts, wewill be spending more in fiscal year 2013 than we have in any other fiscalyear in American history, save 2011. He is simply misleading the publicbecause he wants to further punish the rich -- even if it means holdinghostage our military and accelerating the nation's imminent bankruptcy.

Obama is dreadfully wrong on both sides of the fiscal equation.Economic growth does not depend on government spending, which has theopposite effect because it sucks the wind out of the private sector; andyou balance the budget not by taxing the rich but by drastically cuttingspending and reforming entitlements.

Obama and his ilk mock Republicans for their "trickledown"economics, but Obama is the quintessential proponent of his owntrickledown economics. As to the private sector and entrepreneurship, heis an atheist. He believes that only he and his central planners in theomniscient federal government can cause economic growth and that from thathigh mountain of government largesse will trickle down economic activityfor the ignorant, impotent private sector and the economy at large.

The sequestration, as House Speaker John Boehner has said, is anugly way to cut spending and is not good for our national defense. But ifwe don't start cutting fast (and the sequester is more a reduction in therate of spending increases than it is a cut), we won't have the money tosupport a military at all, much less anything else. Time to stop playinggames with the nation's very viability and our children's future. TheRepublicans must hold to their guns this time.

Obama FEMA Corp Recuits Remind Americans Of The Hitler Youth

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Fred Brownbill - The federal government calls them FEMA Corps. But they conjure up memories of the Hitler Youth of 1930’s Germany. Regardless of their name, the Dept of Homeland Security has just graduated its first class of 231 Homeland Youth. Kids, aged 18-24 and recruited from the President’s AmeriCorp volunteers, they represent the first wave of DHS’s youth corps, designed specifically to create a full time, paid, standing army of FEMA Youth across the country.
On September 13, 2012, the Department of Homeland Security graduated its first class of FEMA Corps first-responders. While the idea of having a volunteer force of tens of thousands of volunteers scattered across the country to aid in times of natural disasters sounds great, the details and timing of this new government army is somewhat curious, if not disturbing.
DHS raising an armed army
The first problem one finds with this ‘new army’ is the fact that they are mere children. Yes, 18 is generally the legal age a person can sign a contract, join the military or be tried as an adult. But ask any parent – an 18, 20 or even a 24 year-old is still a naïve, readily-influenced kid.
The second problem with this announcement and program is its timing. Over the past two years, President Obama has signed a number of Executive Orders suspending all civil and Constitutional rights and turning over management of an America under Martial Law to FEMA. Also in that time, domestic federal agencies under DHS, including FEMA, have ordered billions of rounds of ammunition as well as the corresponding firearms. Admittedly, these new weapons and ammunition aren’t to be used in some far-off war or to fight forest fires in California, but right here on the streets of America.
Strange Armored Fighting Vehicles
Individuals around the US have begun reporting the site of strange, new, heavily-armed FEMA fighting vehicles. What would a disaster relief agency like FEMA need with 2,500 brand new GLS armored fighting vehicles? According to the agency’s own mandate, as well as President Obama’s recent Executive Order, the answer is ‘population control’ during a time of Martial Law.
One set of images made available by Rense.com shows trailer after trailer carrying these new DHS and FEMA armored fighting vehicles, complete with machine gun slots. They’re labeled with the usual backward American flag and the title, ‘Homeland Security’. Below that and the DHS logo, it also reads, ‘Immigration & Customs Enforcement’. Joining those markings, the black vehicles with white lettering also display ‘POLICE/RESCUE’ on one side and ‘Special Response Team’ on the other.






FEMA CorpsFEMA Deputy Administrator Rich Serino gave the keynote address at the ‘Induction Ceremony’ for the inaugural class of FEMA Corps members. According to the DHS website, ‘Corps members assist with disaster preparedness, response, and recovery activities, providing support in areas ranging from working directly with disaster survivors to supporting disaster recovering centers to sharing valuable disaster preparedness and mitigation information with the public.’
Serino describes what the first FEMA Corps class has accomplished so far, as well as where they’ll be going next:
‘Yesterday, we welcomed 231 energetic members into the first ever FEMA Corps class. The members just finished off their first month of training with our partners at the Corporation for National and Community Service (CNCS) and are one step closer to working in the field on disaster response and recovery. They will now head to FEMA’s Center for Domestic Preparedness to spend the next two weeks training in their FEMA position-specific roles. Once they complete both the CNCS and FEMA training, these 231 dedicated FEMA Corps members will be qualified to work in one of a variety of disaster related roles, ranging from Community Relations to Disaster Recovery Center support.’
A standing army
Unlike most local disaster response teams who are volunteers, training periodically and only showing up when there’s a disaster, the FEMA Corps will be a paid, full time, standing army of government youth. FEMA Deputy Administrator Sarino goes on to explain, ‘The new members, who range in age from 18-24 years old, will contribute to a dedicated, trained, and reliable disaster workforce by working full-time for ten months on federal disaster response and recovery efforts.’
In closing his announcement of the first graduating class of FEMA Corps Youth, Sarino describes his and the agency’s vision of the future, one where ‘FEMA Corps sets the foundation for a new generation of emergency managers’.
DHS arms itself
As we detailed in the August 28 Whiteout Press article ‘History of DHS Ammunition Purchases’, federal emergency management agencies are looking more and more like a military army every day.
The federal government’s procurement website actually lists DHS’ requests for bids to supply it with ammunition and military weaponry. All of the orders listed in the above article, including the orders for hundreds of millions of rounds of ammunition, are publicly available at http://www.fbo.gov.
One look at a chart of DHS ammunition purchases over the past decade reveals a drastic spike in orders of bullets recently, totaling in the billions of rounds. Other charts available online show a similar drastic spike in the purchases of accompanying weaponry by the Department of Homeland Security.
What is the US federal government preparing for? And why does it feel it needs an army of brainwashed youth, millions of guns, thousands of armored fighting vehicles and literally billions of rounds of ammunition, just to provide relief to the American people during a natural disaster? Any historian will tell you it sounds more like the arming of the Hitler Youth than an army of first responders fighting forest fires and hurricanes.

Firearm companies Restricting Sales To State And Federal Gov't Agencies That Restrict Gun Rights

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By Gregory Gwyn-Williams, JrA growing number of firearm and firearm-related companies have stated they will no longer sell items to states, counties, cities and municipalities that restrict their citizens' rights to own them.
According to The Police Loophole, 34 companies have joined in publicly stating that governments who seek to restrict 2^nd Amendment rights will themselves be restricted from purchasing the items they seek to limit or ban.
Extreme Firepower Inc., located in Inwood, WV has had a longstanding policy that states:
"The Federal Government and several states have enacted gun control laws that restrict the public from owning and possessing certain types of firearms...If a product that we manufacture is not legal for a private citizen to own in a jurisdiction, we will not sell that product to a law-enforcement agency in that jurisdiction."
York Arms, located in Buxton, ME released a statement following new legislation in New York:
"Based on the recent legislation in New York, we are prohibited from selling rifles and receivers to residents of New York.  We have chosen to extend that prohibition to all governmental agencies associated with or located within New York."
Quality Arms, located in Rigby, ID writes on their website, "elected officials have their own agenda to circumnavigate the truth and destroy the constitution of the United States."
The site states: "Quality Arms Idaho will not supply and firearm or product, manufactured by us, or any other company nor will we warranty, repair, alter, or modify and firearm owned by any State, County or Municipality who infringes on the right of its citizens to bear arms under the 2^nd Amendment."
Bravo Company USA states:
"The people at Bravo Company USA and BCM support responsible private individuals having access to the same tools of civilian Law Enforcement to affect the same ends...As such Bravo Company's policy is that law enforcement officials and departments will be restricted to the same type of products available to responsible private individuals of that same city or state."

DOJ Memo: Confiscate All Guns In America

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Kurt Nimmo
Infowars.com
February 24, 2013

DOJ memo states: “Buybacks are ineffective unless massive and coupled with a ban.”The National Rifle Association has obtained a Department of Justice memo calling for national gun registration and confiscation. The nine page “cursory summary” on current gun control initiatives was not officially released by the Obama administration.
The DOJ memo (downloadable here as a PDF) states the administration “believes that a gun ban will not work without mandatory gun confiscation,” according to the NRA, and thinks universal background checks “won’t work without requiring national gun registration.” Obama has yet to publicly support national registration or firearms confiscation, although the memo reveals his administration is moving in that direction.
The memo stands in stark contrast to the administration’s public stance on so-called gun control. White House spokesman Jay Carney said last month that laws proposed by Obama would not “take away a gun from a single law-abiding American.”
The NRA declined to explain how it obtained the document. The memo was written by the acting director of the Justice Department’s National Institute of Justice, Greg Ridgeway. It is dated January 4, two weeks before Obama mounted his attack on the Second Amendment following the Sandy Hook massacre. Ridgeway came to the Justice Department from the RAND corporation.
The memo says universal background checks on firearms purchases may help the government push to control and eventually outlaw firearms, but it would lead to an increase in illegally purchased guns.
It pointed out that banning high capacity ammunition clips would be ineffective due to the fact there is a large number of them already in circulation.
A Justice Department official said the memo is an unfinished review of gun violence research and does not represent administration policy.
The DOJ memo arrived a few weeks prior to a letter sent out by the Department of Veterans Affairs. “A determination of incompetency will prohibit you from purchasing, possessing, receiving, or transporting a firearm or ammunition,” the sent to military veterans states. “If you knowingly violate any of these prohibitions, you may be fined, imprisoned, or both pursuant to the Brady Handgun Violence Prevention Act, Pub.L.No. 103-159, as implemented at 18, United States Code 924(a)(2).”
“US veterans are receiving letters from the government informing them that they are disabled and not allowed to own, purchase or possess a firearm. If the veteran does decide to purchase a firearm he will by fined, imprisoned or both,” the Gateway Pundit remarked."PODCAST"

'Greece Can Only Solve Its Crisis if It Quits the Euro'

To contact us Click HERE
If you are even slightly interested with the economic crisis in Greece, read this article.
If you are considerate about the nearby future, read this article.
If you need a little push, click here.
One of my favorite points that Sinn makes in his interview:

Greece's creditors aren't entitled to have the debt repaid by the international community. Everyone has to earn the standard of living themselves, and those who chose to make money from risk must bear that risk.

If I understand interest-bearing loans correctly, don't interest rates encode the risk of default? The idea that a creditor may lend money with trailing interest rates and recollect irregardless of the debtor's ability to pay is irritable. That is the entire notion of risk! Likewise, interest represents the opportunity cost of not investing elsewhere. Why is there an obligation to pay debts that cannot be managed? An entire country turning to austerity mirrors a system of debt bondage, just on a much larger scale. While, yes, the ability to pardon debt too easily could limit growth by turning away investors, a balanced between the creditors and the debtors. I should not be able to go to input debtor into a thesaurus website and see it paired with "delinquent."
Further, what are the negatives to this? What is to become of home mortgages that are held by the Euro? And what of the middle class? They will likely be affected most by the currency shift, and their savings may be exhausted, but what of the austerity period Sinn is predicting? There is also a decent chance that a proportion of the middle class will simply emigrate in search of better opportunities. What shall serve as the backbone of economic revitalization without the pivotal middle class?