The European Union Times |
- The White House Plan to Make the Suburbs Less Wealthy and White
- Trump Puts The Idea of a US Government Debt Default On The Table
- Mexican Ex-President Flips Off Trump
- Hyperinflated Venezuelans Now Eating Cats, Dogs & Pigeons, Still Want Bernie?
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Posted: 11 May 2016 05:25 AM PDT
 For leftists, multiculturalism isn’t always about flooding a country with millions of immigrants from incompatible cultures, as we’ve seen in Europe over the past few years. It’s also about integrating the cultures that already exist within a nation. As far as they’re concerned, a neighborhood that lacks diversity is unacceptable. We must all be equal in all ways, even when it comes to the culture and appearance of our communities. That’s why Housing Secretary Julian Castro is going to launch a plan to punish the suburbs for being so white and wealthy. His “Small-Area Fair Market Rents” regulation will likely be signed off by Obama this October, and won’t require Congressional approval. First and foremost, the plan will involve a massive increase in subsidies for section 8 housing. Impoverished inner city residents will be receiving vouchers that will allow them to afford housing in high cost suburbs, and government real estate agents will be assigned “mobility counselors,” to ensure that these impoverished minorities will be sent to the suburbs. However, this isn’t just about sending the inner city’s poor into wealthy neighborhoods. It’s also about forcibly breaking up their former communities. While subsidies will be increased for people who want to move to the suburbs, they will be decreased for people who have the gall to stay in their low-income neighborhoods. Once again, the left has shown that they don’t really care as much about the poor and minorities as they claim they do. To them, these people are just political pawns they can use to import crime and welfare dependent voters into areas that aren’t so liberal. They don’t really care about what different races or cultures want, and they don’t really care about what the rich and the poor want. They think they know what we all need, better than we do. Source           |
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Posted: 11 May 2016 05:02 AM PDT
 On Thursday, Donald Trump told CNBC that his solution to dealing with the $19 trillion-plus national debt involves a form of default such as repurchasing existing bonds at a discount. The media jumped all over him calling his idea “insane” and warning that it would tank the economy or set off an “unprecedented financial crisis.” They are right that it would set off an unprecedented financial crisis… but, believe it or not, that is the best-case scenario at this point. Not defaulting would lead to hyperinflation which would be even worse. There is no easy way out of the US government’s predicament… something we’ve been talking about here since 2010. The path is unsustainable and the dollar will collapse at some point. The only question is whether it is through outright default or through hyperinflation. Of course, if there is anyone better at knowing how to default on debt and go into bankruptcy, we can’t think of one. Trump himself said as much. “I am the king of debt,” he said, alluding to his corporate bankruptcies and use of leverage to build his real estate empire. “I love debt. I love playing with it.” America may have found the right man for the job, then! Because the US federal government debt will be over $20 trillion before he could even begin to “play with it.” His “crazy” idea of defaulting on the debt, if he lived up to his promise, is actually the best-case scenario for the American people if that means allowing interest rates and other prices to “normalize” through a liquidation. A default might allow the economy to return to sustainable patterns of production. It could fix the savings-investment dilemma and fix other imbalances that rely on interest rate suppression, which in turn is intended to hide the true extent of the government’s insolvency. The alternative, as I said, is hyperinflation… and that would be far worse. Economic activity would essentially cease to occur. Nearly everyone, except those who owned hard assets like gold and silver – or even bitcoin – would be brutally impoverished. I just returned from Venezuela where they have now entered into hyperinflation and, believe me, you don’t want to go there. So, if Trump somehow gets past the rigged election process, the rigged voting machines and hanging chads, evades assassination attempts, becomes President AND defaults on the debt without Congress, the media and even the American people filibustering and rioting to stop him… what would happen? The plain answer is: nobody knows. Even Trump doesn’t have a clear idea on how to, what he calls “restructure”, the debt. Anything less than defaulting on 50% of the current debt may not be significant given the US government’s overall financial situation. But, if he does default on 50% or more of the current debt, what would happen? Again, nobody knows. US Treasury debt is so massive and widely held that there is no saying what such a dramatic write-down would set off. Pretty much, overnight, most major banks, corporations and even governments would be potentially insolvent as a large amount of their assets were heavily “discounted.” And, no one would know who was or wasn’t insolvent. Haircuts could occur across the board! It’d set off a cascading effect of fear as everyone tried to sell everything all at once, certainly causing a stock market collapse that could easily be well over 90%. The bond market would be similar. Interest rates would skyrocket into the double digits, and maybe higher. Instantly, US consumers, loaded with debt and mortgages would be bankrupt… which would set off a further sell-off. By the time it all settled there quite easily could be nothing left. And, remember, this is the BEST case scenario! Hyperinflation would be worse. This is the “rock and the hard place” we’ve been talking about since the beginning of this decade. Some call us “doom and gloomers” but these are just facts. If you don’t want facts then just keep watching CNN and CNBC. We have reached the end of this debt-based, fractional reserve, Keynesian central banking, socialist/fascist democratic nation-state system. Economic law always wins in the end and the economics of this system were doomed since the beginning. It got bad when the US went from a republic to a democracy; it got worse when the US instituted a federal income tax and formed its third central bank, the Federal Reserve in 1913; and it got downright chaotic when any vestige of gold backing the US dollar, and henceforth all fiat currencies, was removed in 1971. And now we’ve reached a point where a Presidential candidate is talking about a US government default… one that would lead to the worst worldwide depression in human history. And, yet, this is the best case scenario! On the bright side, no matter what the US government does, if you are prepared (via prudent ownership of gold, silver and other assets) to survive this biblical collapse, you could be the beneficiary of a historical, generational transfer of wealth, maybe the greatest ever. It is clear it is coming, yet your average American is more preoccupied with who should be forced to use which bathroom, or the NBA playoffs, than preparing for a collapse of biblical proportions. Trump has made a dollar default part of the public conversation now – and this will make the dollar itself even more shaky. And that brings a default closer. The reality is that the dollar is in an untenable position due to domestic political and economic actions. Serial wars, a further socialized health care system and other massive expenditures have undermined any hope of US fiscal solvency. What is most important to realize in this Jubilee Year is that the dollar’s position is not an accident. Globalists want an international currency and are gradually destabilizing the dollar to get one. It’s not a coincidence that the Bush/Obama policies were so similar and destructive. They are doing what they are told. Here at TDV we don’t take anything for granted when it comes to the US paper dollar and have been suggesting alternative, non-fiat holdings for years now. Bitcoin, gold and silver are all non-government money and much more likely to hold value than paper currency. We’ve already been making a fortune with our stance and we think it is just the beginning. Our metals picks have virtually doubled, and subscribers, new and old, have made significant profits. Source      |
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Posted: 11 May 2016 03:25 AM PDT
 Classy! Such a decent former president, setting supper high standards! Then again, he’s the former president of hellhole Mexico, so what did you expect?The photo appeared on Huffington Post Tuesday following an “explicit” interview with KickAss Politics’ Ben Mathis. In the interview, Fox reportedly labels Trump “the ugly American,” and claims “He is the hated gringo because he’s attacking all of us. He’s offending all of us.” “I’m not going to pay for that fucking wall,” Fox additionally reiterated to Mathis. “And please don’t take out the ‘fucking’ full word.” As a post on Facebook explains, the photo was taken one day before Fox sat down for an interview with Breitbart in which the Mexican president apologized to Trump for offending him with vulgar language. At a campaign rally the following day, Trump stated he accepted Fox’s apology. Fox notably first took issue with the Republican candidate back in February when he denounced Trump’s repeated claims that Mexico would pay for a wall on the southern US border. “I’m not paying for that f*cking wall,” Fox told Univision’s Jorge Ramos. Trump in turn responded, “The wall just got 10 feet taller.” Source      |
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Posted: 11 May 2016 02:46 AM PDT
 The food lines start at 5 AM and last until 3 PM.So! The economic climate is so bad in Venezuela today that people are eating cats, dogs and pigeons. The same thing is happening in North Korea too with people eating grass, cats, dogs and in some rare cases in aborted human fetuses. That’s how bad communism/socialilsm is, do you still support Bernie Sanders? Don’t believe it about North Korea? Just do a search on our website and see for yourself, read our previous articles. The Panama Post reported, via Townhall: Ramón Muchacho, Mayor of Chacao in Caracas, said the streets of the capital of Venezuela are filled with people killing animals for food. Through Twitter, Muchacho reported that in Venezuela, it is a “painful reality” that people “hunt cats, dogs and pigeons” to ease their hunger. People are also reportedly gathering vegetables from the ground and trash to eat as well. The crisis in Venezuela is worsening everyday due in part to shortages reaching 70 percent. This to go along with the world’s highest level of inflation. The population’s desperation has begun to show, with looting and robberies for food increasing all the time. This Sunday, May 1, six Venezuelan military officials were arrested for stealing goats to ease their hunger, as there was no food at the Fort Manaure military base. The week before, various regions of the country saw widespread looting of shopping malls, pharmacies, supermarkets and food trucks, all while people chanted “we are hungry.” Source     |
