Tuesday, June 28, 2011

Soros Says The European Union Is On The Verge Of Collapse And So Is Japan

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU
George Soros
The European Union (EU) is on the verge of an economic collapse and one of the countries will inevitably leave the eurozone, believes the billionaire George Soros.

While our president and the Democratic Party have been trying to emulate the EU model, we on the right have been saying for years that that model will fail. But that hasn't stoped Obama. He is still pushing for the EU style government.

As Texas keeps creating half of our countries jobs using conservative small government principles, the Obama admin. is trying to put down Texas for doing such a great job. Does that sound like a pragmatist to you? Why is Obama so dead set on following this failed system rather then doing what we know works? Does that make any sense to any of you? If something fails every time it it done, stop doing it! Do what history has proven works. Government doesn't create jobs, the private sector creates jobs. So lets get off the private sectors back and let them restart this economy.  I thought Obama was the smartest president since Washington?

If throwing some gas on a fire makes it bigger would you keep throwing more gas on it to put it out? No that would be crazy. But that is what liberals and Democrats say to do with our economy. The Stimulus Bill failed. QE 1, 2 and 3 haven't worked here or in the EU. So liberals and Democrats want to throw more money rather then admit they were wrong and do what Texas is doing so well. They are creating jobs when no one else is. But doing what works means admitting they were wrong and that isn't happening with these narcissistic liberals.

On another similar note, Japan has been failing since they tried to do what we are doing now. It has weakened them to the point of economic destruction. Japan was in bad shape before the earthquakes. The earthquakes just speed up the slow economic death.

The reason I am bring up Japan is not just to prove that liberalism doesn't work, even though it does. It's to show you that we are all connected. The Middle East and Africa are as unstable as they could be. Japan is going to fail soon after the EU fails. Can you say domino's? Are we doing things that will protect us from this collapsing? Is releasing our strategic oil reserves going to help us if and when the EU and Japan capsizes? Is having our military in 4 wars now making us stronger or weaker?

We know what might come our way. When the Tsunami warnings go off would you listen to a leader that tells you to go swimming or to the beach? It isn't up to the government to save us. They wont do it. In fact they are helping drown us. It's time to start think what might happen to us if the EU and Japan go under. Is our government doing what is right or wrong, knowing what we know now?

The economic tsunami is coming. Our government is doing all the wrong things right now. Is putting your trust in the government a smart move? Or should we look to ourselves and God for salvation? Things are heating up in this country and the world. Be smart and know what happens when large economies start to fail and the domino's start to fall.


  1. If you do much grocery shopping, you have probably noticed that the cost of food has been rising at a very brisk pace over the past year. So why are food prices rising so fast? According to Federal Reserve Chairman Ben Bernanke, inflation is still very low and the economy is improving. So what is going on here? When I go to the grocery store these days, there are very few things that I will buy unless they are on sale. In fact, I have noticed that many of the new "sale prices" are the old regular prices. Other items have had their packages reduced in size in order to hide the price increases. But with millions of American families just barely scraping by as it is, what is going to happen if food prices keep rising this rapidly?

    The food prices are especially painful if you are trying to eat healthy. Most of the low price stuff in the grocery stores is garbage. Eating the "typical American diet" is a highway to cancer, heart disease and diabetes.

    But if you try to stick to food that is "healthy" or "organic" you can blow through hundreds of dollars in a heartbeat. In fact, the reality is that tens of millions of American families have now essentially been priced out of a healthy diet.

    Soon there will be millions more American families that will not even be able to afford an unhealthy diet.

    Some recent statistics compiled by the Bureau of Labor Statistics are absolutely staggering. According to a recent CNBC article, over the past year many of the most popular foods in America have absolutely soared in price....

    Coffee, for instance, is up 40 percent. Celery is 28 percent higher while butter prices rose 26.4 percent. Rounding out the top five are bacon, at 23.5 percent, and cabbage, at 23.3 percent.

    Unfortunately, it looks like the trend of rising food prices is accelerating. Just look at what the CNBC article says happened in the month of April alone....

    Just in April—the most recent month for which data is available—grapes went up nearly 30 percent, cabbage jumped about 17 percent and orange juice surged more than 5 percent.

    Meat is becoming more expensive as well. Since March 2009, livestock prices have risen by 138%.

    So when Ben Bernanke tells us that inflation is very low, that really is a lie. On the stuff that people spend money on every day (like food and gas), prices have gone up dramatically.

    Sadly, this is not just a phenomenon that is happening in the United States. The truth is that the entire planet is rapidly approaching a horrific global food crisis.

    Over the past year, the global price of food has risen by 37 percent and this has pushed approximately 44 million more people around the world into poverty.

    When food prices rise in the U.S. it may be painful for millions of American families, but around the world a rise in food prices can mean the difference between surviving and not surviving.

    That is why it has been so alarming that the global price of wheat has approximately doubled over the past year.

    But it is not just wheat that has been soaring. Check out what a recent Bloomberg article had to say about what has been happening to many key agricultural commodities over the past year....

    Corn futures advanced 77 percent in the past 12 months in Chicago trading, a global benchmark, rice gained 39 percent and sugar jumped 64 percent. There will be shortages in corn, wheat, soybeans, coffee and cocoa this year or next, according to Utrecht, Netherlands-based Rabobank Groep. Prices also rose after droughts and floods from Australia to Canada ruined crops last year. European farmers are now contending with their driest growing season in more than three decades.

    Even before this recent spike in food prices the world was struggling to get enough food to everybody. It has been estimated that somewhere in the world someone starves to death every 3.6 seconds, and 75 percent of those are children under the age of five.

  2. So what is going to happen if food prices keep on rising at the current pace?

    That is a very good question.

    We really are starting to move into unprecedented territory. Nobody is quite sure what is going to happen next.

    So why is all of this happening?

    Well, a lot of people are blaming the Federal Reserve. All of the "quantitative easing" that the Fed has done has flooded the financial markets with money. All of that money had to go somewhere. Much of it has pumped up the prices of hard assets such as oil, gold and agricultural commodities.

    But it is not just the Fed that is to blame. The truth is that central banks all over the world have been recklessly printing money.

    When the amount of money in an economy goes up, the purchasing value of all existing money goes down. In the United States, that means that your dollars will not go as far as they did before.

    But it is not just monetary policy that is affecting food prices. In 2010 and 2011 we have seen an unprecedented wave of natural disasters and crazy weather. This has caused problems with crops all over the globe.

    In addition, U.S. economic policies are also playing a role. At this point, almost a third of all corn grown in the United States is used for fuel. This is putting a lot of stress on the price of corn.

    Also, there are some long-term trends that are not in our favor. For example, the systematic depletion of the Ogallala Aquifer could eventually turn "America's Breadbasket" back into the "Dust Bowl". If you have not heard of this problem I would encourage you to do some research on it.

    Things are going to get a lot worse, but already America is having a really hard time feeding itself. According to Feeding America's 2010 hunger study, more than 37 million Americans are now being served by food pantries and soup kitchens.

    So is that number unusual?

    Yes, it sure is.

    The number of Americans that are going to food pantries and soup kitchens has increased by 46% since 2006.

    That is not a good trend.

    Another stat that I talk a lot about in this column is the number of Americans on food stamps.

    Right now, there are 44 million Americans on food stamps. Nearly half of them are children.

    How did we ever get to the point as a nation where more than 20 million children end up on food stamps?

    It is estimated that one out of every four American children is currently on food stamps, and it is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.

    So what is going to happen if the economy gets even worse?

    What is going to happen if there really is a major food crisis in this country someday?

    Food prices have been going up for decades and they are going to continue to go up. But the frightening thing is how fast they are increasing now.

    As the U.S. middle class continues to be destroyed, the number of Americans that can't afford to buy enough food is going to continue to rise. Food prices are rising much faster than wages are, and that is not likely to change any time soon.

    Food is rapidly becoming one of the most important global economic issues of this decade. The farther one looks down the road, the bleaker things look for the global food situation.

    I hope you are prepared for that.

  3. The moderation will turn into a firm decline over the coming months. As food prices keep rising to record levels we will see more and more poor and eldely feeling this inflation.

    Food inflation eased marginally to 8.96 per cent for the week ended June 4 from 9.01 per cent in the previous week owing to cheaper pulses and vegetables amid expectations that following a good monsoon, the moderation will turn into a firm decline over the coming months.

    Cause for concern

    Evidently, a definite dip in food inflation is expected to go a long way in cushioning the overall impact of the price spiral and result in lower headline inflation.

    Already, with the prices of pulses slipping by over 10 per cent and vegetables by 1.39 per cent on a year-on-year basis, food inflation, as measured by the Wholesale Price Index (WPI), during the week was way lower than the over 21 per cent recorded for the period in June last year. However, even as food inflation appears to be easing somewhat from its recent highs, the cause for concern is that the surge in prices is spreading to the non-food segment which, according to the RBI, renders monetary policy tightening necessary.

    With headline inflation pegged at 9.06 per cent in May — way above the apex bank's ‘comfort zone' of 1-2 per cent — mainly owing to the price spiral in manufactured items, the RBI policy review said: “Based on the current and evolving growth and inflation scenario, the Reserve Bank needs to persist with its anti-inflationary stance of monetary policy.”

    Inflationary pressure on the non-food segment (core inflation) is discernibly on the rise, especially in manufactured goods.

    Inflation in manufactured items rose from 8.5 per cent in March, to 6.3 per cent in April and further to 7.3 per cent in May this year which is way above its medium-term trend of 4 per cent.

    The latest WPI data shows that fruits were dearer by nearly 30 per cent, milk by 10.59 per cent and eggs, meat and fish by 7.31 per cent on a yearly basis.

    Is this the hope and change we were promised? All I know is since the Democrats took office we have been declining as a nation. Every Democrat I know is wishing for a third party. One that gets us out of wars not in more. A party that pays down our debt not make it bigger. A party that creates jobs and growth. If Obama gets another 4 years my retirment wont pay for a gal. of gas or milk. I have seen the rich get our money and the middle class is being destroyed.

  4. Europe is just going through some change. Do you have a problem with that? We will see that same change if you cons keep trying to take down the unions!

  5. Chris called this 1 1/2 years ago. I remember the blog post. He is right a lot.

  6. We seem to be getting Our shorts in a knot!

    Our Politicans would NOT go down a Road filled with FAILURE! There to SMART to do a DUMB thingy like that!

    Dirty Harry says another Stimulus is needed.

    Nobama says shovel ready jobs weren't there!

    EPA gives MIllions in Stimulus to Foreign Countries!

    Unemployment will NOT go above 8%.

    We must raise DEBT limit but Cutting Spending seems to be a problem!

    Liberals are driving the car,Republicans are in the back seat, CAR goes back into ditch and I'll be darn its still Bushes fault it was worse than Libs thought. Well that might be True but believe it went from BAD and Libs made it worse. Nations Economy needs Tow Truck to get car once again out of ther ditch. If blue blood republicans are driving the tow truck might as well leave car in ditch.
    Nation will indeed need Change because without REAL change(not ideaology change) there will indeed be no HOPE!

    Now for a cup of TEA!

    FYI Public Unions are doing their share of DAMAGE without the help of ANYONE! SOLO

  7. AL it is crazy how these Democrats think that more and bigger failure in stimulus is the answer. That is why we know that liberalism is a mental illness. They keep doing more of the same and then expect different results. They tell us that Japan in the 90's till today didn't poor enough yen into their system, even though they are still pooring yen into the system. Crazy is as crazy does. And they are battshit crazy.

    How has the golfing been this year AL?

  8. Chris,
    Actually Texas is creating jobs using Liberal tactics too, not just small government principles. If you looked beyond Faux news 30 second sound bites you'd find out its not always as it seems.

    but the fact remains that Texas is not what it seems.

    It covered a deficit in its budget using 12 billion in Federal Stimulus Money that you say didn't work. And its still facing a 25 billion deficit in 2012-2013. The 2nd largest budget deficit behind California's.

    But you wouldn't know that.

  9. Al,
    Its the Republicans who failed to fix the steering while they were in office and now its a battle to keep the car on the road.

  10. Chris Played Kensington today with my Brother! In the end it was a great day just the golf got in the way!

    Nasties have started with Michelle already. Indeed rather than running on their record Regime will be running on NASTY! Where are those women group out rage! Liberals attack when threatened evidently she threatens them. Why Attack otherwise? I believe the NASTYs in the end will COST Libs more than they KNOW. MOst Citizens want Issues concerning Nation. Economy,Jobs and Debt. Libs MUD may stick to THEM this time around.

    I believe there was a Senator from Illinois several years ago who voted against RAISING the DEBT limit stating Leadership was the real problem!

  11. Chris,
    Why didn't it work? Any ideas. You always tell us it didn't but you never know why?

  12. Joe I have always said all politicans are at fault but you seem to be a msnbc viewer because thats their Matra. Its still Bushes fault. Citizens are not buying that anymore Joe. 16 million UNEMPLOYED are Tired of RHETORIC and unless things change Regime is headed for another SHALACKING!
    Regime made to many PROMISES Joe and they are PROMISES broken. As Obama said when voting against Debt Cieling it shows a LACK of LEADERSHIP! One of the few times I agree with him.

    Joe You and I both know that the NASTYS are coming and will last to November 2012. What else does the Regime have to run on its RECORD?

    The Liberal Tactics used in Texas. Wonder what per cent of Jobs went to Illeagals? My guess enough!

  13. Joe Who told republicans they could sit in the back! Kind of hard to drive from the back seat unless your my mother-in-law!

    I believe that ALL politicans from both Parties have dealt this Nation a BAD hand. To not see that well is to be a IDEALOGUE!


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