Mullen Insists Military Ready to Attack Iran
Constant Threats of Attack ‘Critical,’ Joint Chiefs Chairman Insists
Admiral Michael Mullen declared today that the military stands ready to attack Iran at the president’s order, and insisted that it was critical to negotiations that the ever-present threats to attack Iran remain “on the table.”
Iran Sanctions Are Precursor to War
Last week the House overwhelmingly approved a measure to put a new round of sanctions on Iran. If this measure passes the Senate, the United States could no longer do business with anyone who sold refined petroleum products to Iran or helped them develop their ability to refine their own petroleum. The sad thing is that many of my colleagues voted for this measure because they felt it would deflect a military engagement with Iran. I would put the question to them, how would Congress react if another government threatened our critical trading partners in this way? Would we not view it as asking for war?
Americans Are Hell-Bent on Tyranny
Obama’s dwindling band of true believers has taken heart that their man has finally delivered on one of his many promises—the closing of the Guantanamo prison. But the prison is not being closed. It is being moved to Illinois, if the Republicans permit.
Uncharted Economic Waters
WallStreetPit.com
Dec 22, 2009
It does not matter how you measure it, the US Treasury yield curve is at its steepest level ever. Away from that, the value for expected five-year inflation, five years from now is at its highest level ever, excluding the noise that we had as our markets crashed in the fourth quarter of 2008.
The Small Business Carnage That Shows The Real Reason Jobs Aren’t Being Created In America
Vincent Fernando
BusinessInsider.com
While some parts of the U.S. economy show early signs of an economic rebound, for small business, the situation remains extremely tough.
Brace Yourself for a Hard Landing
Ben Bernanke has been a bigger disaster than Hurricane Katrina. But the senate is about to re-up him for another four-year term. What are they thinking? Bernanke helped Greenspan inflate the biggest speculative bubble of all time, and still maintains that he never saw it growing. Right. How can retail housing leap from $12 trillion to $21 trillion in 7 years (1999 to 2006) without popping up on the Fed’s radar?
Jim Rogers and Marc Faber See Disaster Looming, Blame the Fed
Legendary investors Jim Rogers and Marc Faber have similar outlooks on the financial crisis and the efforts of the Federal Reserve to revive the U.S. economy. What do they think of the Fed’s quantitative easing policy? In a word, it is a recipe for disaster.
The Recession Is Over but the Depression Has Just Begun
This is an updated version of a post I wrote about two-and-a-half months ago over at Credit Writedowns. When I wrote it, I had been looking for bullish data points as counterfactuals to my bearish long-term outlook. I found some, but not nearly enough.
The Nullification–10th Amendment Movement Is Growing
December 22nd, 2009“If the federal government has the exclusive right to judge the extent of its own powers, warned the Kentucky and Virginia resolutions’ authors (James Madison and Thomas Jefferson, respectively), it will continue to grow – regardless of elections, the separation of powers, and other much-touted limits on government power.”
THE BIRTH OF CHRIST AND THE BIRTH OF AMERICA ARE LINKED
By Chuck Baldwin
December 22, 2009
NewsWithViews.com
As we approach the celebration of Christ’s birth, I am reminded of the words of John Quincy Adams. On July 4, 1837, he spoke these words:
TRAITORS, EVERY ONE
By Lynn Stuter
December 22, 2009
NewsWithViews.com
At 1 a.m. on December 21, 2009, in the dark of night, the first cloture vote was taken on H.R. 3590, Senator Harry Reid’s Obama Deathcare Bill.
