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Posts Tagged ‘Canadian dollar’

True Obama debt bigger than planet’s entire GDP

March 23, 2011 Comments off

www.wnd.com


President Obama

As the Obama administration prepares to finance a Fiscal Year 2011 budget deficit expected to top $1.6 trillion, the American public is largely unaware that the true negative net worth of the federal government reached $76.3 trillion last year.

That figure was five times the 2010 gross domestic product of the United States and exceeded the estimated gross domestic product for the world by approximately $14.4 trillion.

According to the U.S. Department of Commerce Bureau of Economic Analysis, U.S. GDP for 2010 was $14.861 trillion. World GDP in 2010, according to the International Monetary Fund, was $61.936 trillion.

Shock the Washington establishment by participating in the “No More Red Ink” campaign and shut down all new plans for bailouts, “stimulus” spending and even the funding for Obamacare.

“As government obligations continue to spiral out of control and the U.S. government shows no willingness to make the magnitude of spending cuts required to return to fiscal responsible, the U.S. economy is headed to a great collapse coming in the form of a hyper-inflationary great Read more…

Obama signature creates ‘continental perimeter’

February 12, 2011 Comments off

Move described as key step in advance of North American Union

By Jerome R. Corsi
© 2011 WorldNetDaily

Barack Obama and Canadian Prime Minister Stephen Harper quietly have taken a major step toward erasing the border between the two nations with a new “Beyond the Border” bilateral declaration.

In a ceremony designed to remain below the radar of national public opinion, Obama and Harper bypassed Congress to sign on the basis of their executive authority a declaration that put in place a new national security vision defined not by U.S. national borders, but by a continental view of a “North American perimeter.”

It happened Friday, the day the Obama administration usually pushes through issues that it prefers the media ignore.

By signing the declaration, the Obama administration has implemented without congressional approval a key initiative President Bush began under the Security and Prosperity Partnership of North America, moving the United States and Canada beyond the North American Free Trade Agreement, commonly known as NAFTA, toward a developing North American Union regional government.

The declaration signed by the two heads of state and titled “Beyond the Border: A Shared Vision for Perimeter Security and Economic Competitiveness,” was described as “For Immediate Release” on the websites of the White House and the Canadian chief executive.



Harper followed Obama’s lead in signing the declaration as a form of executive order, deciding to bypass the Read more…