Economics…
Obama administration pushes banks to make home loans to people with weaker credit
“If
that were to come to pass, that would open the floodgates to highly
excessive risk and would send us right back on the same path we were
just trying to recover from,” said Ed Pinto, a resident fellow at the American Enterprise Institute and former top executive at mortgage giant Fannie Mae.
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Edit. Perhaps
the reckless Obama Administration considers this a hair of the dog that
bit ya’, but undoubtedly this is just some additional Socialist tactics
to drive down the economy. Worthless deadbeat mortgages were what
triggered the debacle back in 2006 – 2009, from which we have not yet
recovered.
Thanks, World Reserve Currency, But No Thanks: Australia And China To Enable Direct Currency Convertibility
Over
the weekend, Australia appears to have come to the same conclusion,
with the Australian reporting that the land down under is set to say
goodbye to the world's "reserve currency" in its trade dealings with the world's biggest marginal economic power, China, and will enable the direct convertibility of the Australian dollar into Chinese yuan, without US Dollar intermediation,
in the process "slashing costs for thousands of business" and also
confirming speculation that China is fully intent on, little by little,
chipping away at the dollar's reserve currency status until one day it
no longer is.
Edit.
This is a direct result of the Federal Reserve’s dollar printing
policies. As the Fed ignites inflation through the 24/7 printing
presses, our trading partners and creditors, by the way, realize that we
will be paying off our debt in increasingly worthless dollars. They
therefore are hedging their bets by divesting in any way they can from
accumulating dollars including eliminating all trade transaction in the
world currency reserve, aka American Greenbacks.
Folks,
it appears the chickens are coming home to roost as foreign trade seems
to seek shelter from the American dollar …and this is only the tip of
the inevitable iceberg as cause and effect takes its toll. Watch and
pray, folks, watch and pray.
rumors of wars…
U.S. Amassing B-1 Strategic Bombers Near North Korea
“Late
last night I monitored “DARK flight of seven” on PRIME (311.000 MHZ
STRATCOM PRIMARY) asking for current weather for UAM [airport code for
Guam - Andersen Air Force Base]. On the frequency of 251.100 MHz, DARK
flight also was calling for “GASSR 11 and GASSR 12″ (KC-135s) for
“Tanker drag to BAB [Beale AFB, California]“.
“Dark” is the standard radio call sign for the 7th Bomb Wing’s B-1s based at Dyess AFB, near Abilene, Texas.
Edit. Don’t
think that this is a unilateral move folks, China is moving troops
toward the border with North Korea and Russia is also deploying naval
vessels to the area. All this for a two-bit nation that is essentially the mouse that roared.
Perhaps if we hadn’t backed North Korea up to the wall with the
sanctions that only inflict burden on the populous too weak to rebel we
wouldn’t have this crisis today. Sanctions, IMHO, are an non-military
act of aggression that is only a prelude to war.
The actual danger in all of this North Korean business is not the rinky-dink nation but the super powers surrounding it.
Health and Wellness: formerly called Emerging Illnesses (Pestilence)…
USDA caves to food industry pressures, approves three new toxic meat preservatives
According to Courthouse News Service
(CNS), sodium benzoate, sodium propionate, and benzoic acid will now be
permissible for use in preserving and treating meat and poultry
products, despite having been previously banned. FSIS has long been of
the persuasion that major food corporations would attempt to use such
additives to "conceal damage or inferiority in meat and poultry," but
the agency's view has apparently changed.
Edit.
So once again Big-Ag has won out over the health of the American
consumer. Obviously, it is time to start raising backyard poultry and
rabbits in addition to your gardens. It is your only assurance of
reasonably safe food.
Devastating honeybee loss reported across United States expected to impact food prices
The
disorder has significantly affected bee populations since the 1970s
with a sharp increase in losses since 2006. Now, as beekeepers return to
their hives to prepare for spring pollination, they are finding that at
least half of their bees are gone.
http://www.catholic.org/green/story.php?id=5043
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