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State bankruptcy bill imminent, Gingrich says
Lisa Lambert
WASHINGTON— Legislation that would allow U.S. states to file for bankruptcy will likely be introduced in Congress within the next month, Newt Gingrich, the former speaker of the House of Representatives and a powerful Republican party figure, told Reuters on Friday.
For months he has championed letting states file for bankruptcy in order to handle their long-term budget problems despite resistance from states and investors in the $2.8 trillion municipal bond market.
“We’re faced with the danger that the states are going to try to show up and say to Washington: You have to give us money,” Gingrich said. “And I think we have to have an alternative that allows us to say no.” Read more…
Lindsey Williams: China Owns The United States – Alex Jones
Infowars
America has been swallowed up by the globalists and will now be run from Beijing.
The Great American Decline
By Joseph G
Do you remember the 50’s 60’s and 70’s? I don’t because I wasn’t even born then, however, my parents and grand parents told me that those years were the golden years. Inflation wasn’t that high then, so you could go out and purchase a hot dog, pop corn, soda and a movie all for a shiny quarter! When you went to go to work or run errands you didn’t even lock your house front door as theft was not an issue at that time. We Americans seemed like we were in pretty good shape as we had Detroit pumping out the latest cars and everyone had jobs but most of all we had each other as in strong family ties. My dad used to say there was only one TV in the whole house and there was such a time as “Family Time” when all of the siblings and adults get together in the living room and actually converse with one another without the distraction of electronics or television. Everyone used to go to church and worship God as a family then come home to a large dinner composed of baked chicken, corn on the cob, greens, buttery dinner rolls with peach cobbler on the side. There was a great sense of pride amongst families of all walks of life in those days. But that was then, now lets fast forward a few decades.
You turn on the news and what do you see? 9 times out of 10 that news is bad news. In this day and age where information is transferred in fractions of nano seconds, it appear as if things should be better right? I mean we have laptops, 3D TV’s , cell phones, Ipads, Starbucks, and fast food joints, what could be possibly wrong with that? It appears that our hard work has paid off during the middle of the century so now we can just kick back and reap the rewards. In the face of our pride however we have created a beast. Look around you it’s everywhere! It’s physically inescapable as far as the eye can see and the nose to smell. With the invention of TV’s and ON-DEMAND no one wants go for a walk or even physically go to the movie theater. Its Convenience 101. The plethora of fast food is so tempting not only because of the taste of the inferior low quality food but for the ability upon demand you can order whatever you want and presto its on your plate. What ever happened to actually cooking food with your own personal seasonings and spices like grandma used to make but oh you want it now and cooking just takes too long. Remember when kids actually played with toys and dolls instead of playing video games and watching Disney Channel all day? Many kids now have a hard time being social with their peers due to long-term isolation. Read more…
America will collapse’ After a collapse, the only thing left is crime. This is a must see video
The American experiment is almost over. The ability to grow the economy is over. Printing of money will not create employment.. We need to create a different economy based on production. The collapse of America is unavoidable. How can we prepare a different economy? It’s in this video. What should people do to prepare for the collapse? It’s in this video. This is a must watch video. We need to help each other…. Click here to watch the video:
Obama’s Push for China Currency Changes Could Cost U.S. Consumers
When President Obama meets with Chinese President Hu Jintao this week, one of the top items on the agenda will be resolving a dispute over how China sets the value of its currency. If Obama gets his way, it could spur U.S. exports, but it could also mean higher prices for American consumers.
For over a decade, China has held down the value of its currency, the Yuan, in relation to the dollar. That helps keep the cost of the goods Americans buy from China low and the price of American goods sold in China high. The cheap Chinese currency has helped open a wide trade imbalance between the two countries. In 2010, China’s trade advantage with the U.S. was more than $252 billion.
The Obama administration has made stopping China’s currency manipulation a central focus of the president’s push to increase American exports.
“China still closely manages the level of its exchange rate and restricts the ability of capital to move in and out of the country,” Treasury Secretary Timothy Geithner said is a speech last week. “As the [International Monetary Fund] has said consistently, these policies have the effect of keeping the Chinese currency substantially undervalued.”
On the surface, it’s a positive for Read more…
1180 new snowfall records set in the USA this past week
It’s been a very busy week for snow and also for lowest max temperature, thanks to our El Nino induced weather patterns, while the Pacific Northwest is seeing warmer conditions, the southeast and eastern US gets lots of snow thanks to the pattern.
click for interactive source
Alex Jones and Porter Stansberry
Coldest January Since ’85
Winter has only just begun, and many people across the country are already sick of the cold. On the heels of a record-cold December, frigid weather will continue seizing areas from coast to coast through mid- to late January.
Based on this forecast, AccuWeather.com Chief Long Range Forecaster Joe Bastardi says this month could turn out to be the coldest January for the nation as a whole since 1985.
While there has been outstanding regionalized cold in January in recent years, Bastardi points out that the U.S. has not experienced this type of coast-to-coast cold since the 1980s.
Record-smashing cold already gripped a large portion of the West the first few days of the month with snow even falling in Las Vegas Monday. Bitter arctic air has also made a return to the northern Plains, while the East and South experienced a dramatic cooldown since the weekend.
More waves of arctic air will invade the country, starting late this week and continuing through next week and beyond. The period from Jan. 10-20 is when Bastardi expects the core of the cold to be in place, with the northern Plains in the heart of it.
He says places from Chicago to Denver could have one or two days with high temperatures below zero during this time. People in New York City may be looking at one day with highs in the teens, while temperatures potentially fail to rise out of the 20s in Dallas, Texas, and Jackson, Miss., for a day or two.
Bastardi also highlights the potential for rare snow in Seattle and Portland with the upcoming weather pattern.
The cold air coming to Texas starting early next week could affect the state’s citrus industry, according to Bastardi. He thinks Florida citrus, however, should be safe.
This past weekend, AccuWeather.com Expert Senior Meteorologist Alex Sosnowski started warning about the severe cold that is coming and provided more details on just how bad it will be.
Gold Reserves of the World
Bullion analyst Mark Robinson says this is the biggest and most ambitious task that China has ever announced.
“If China wants to take its gold reserves to 10,000 tonnes in 10 years, the country needs to buy or acquire the yellow metal to the quantity of nearly 1000 tonnes per year.”
Which countries own the largest quantity of gold reserves right now?
- World leader the United States has 8133 tonnes of gold reserves, accounting for 76.5% of its foreign exchange reserves;
- Germany has the second highest gold reserves at 3412.6 tonnes;
- France has 2508 tonnes of gold constituting 58.7% of its forex assets;
- Italy has 2451.8 tonnes of gold constituting 61.9% of forex reserves;
- China became the fifth biggest holder of gold reserves this April with 1054 tonnes;
- Switzerland has 1040 tonnes of gold reserves constituting 23.8% of total forex reserves;
- India which recently bought 200 tonnes of gold from IMF has 557 tonnes of gold reserves representing 3% of total forex reserves.
- The IMF, which currently holds 3,217 tonnes of gold, is the third-largest official holder of the precious metal, but is not technically a sovereign central bank. The IMF has made gold sales a key element of its new income model aimed at lowering its dependence on lending revenue to cover expenses.
BP Oil Spill: “People are getting sick all over the Gulf Coast”
The effects of the disaster that poured millions and millions of barrels of oil into the Gulf of Mexico last spring will have global ramifications, a Gulf Coast activist recently warned.
“What’s been done in the Gulf is going to eventually affect every single American citizen,” Kindra Arnesen told Project Gulf Impact in a recent interview.
She continued, “This is still going to go global because as the economy and the United States goes under the sledgehammer… the rest of the world is going to feel it.”
“This isn’t just about the United States. This isn’t just about the Gulf Coast. This is about a whole planet because one hand washes the other,” she added.
Arnesen, a South Louisiana mother who with BP’s invitation toured areas devastated by the Macondo Well explosion, described the negative health effects to which she and others, including oil spill clean up crews, were exposed around the Gulf Coast.
One such crew she encountered had brown spots on their bodies. Her friend on the same crew currently has bruising across her stomach, she said.
“It didn’t look like someone punched her in the stomach,” Arnesen explained. “It looked like the blood vessels underneath the skin surface were literally breaking and the blood was slowly coming to the surface.”
“People are getting sick all over the Gulf Coast,” she added. “If people who live here can get sick, then people who come here can very well get sick.”
Arnesen also noted that the chemicals used in the clean up are known to make animals sterile.
“We’re not that much different than a species in the Gulf,” she said, taking into account the area’s children.
According to the coastal zone director of Plaquemine Parish, the oil spread across the Louisiana shoreline after the well was capped in September from 287 miles in July to 320 miles in late November.
“The government does not have a plan,” Arnesen said. “BP is about to pull the response efforts out of the gulf. We’ve got to step up to the plate and say something.”
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