Posts Tagged ‘stock market crash’

Video about the dollar coming this year from effects of PISS POOR FINANCIAL MANAGEMENT by the Federal Reserve, Wall Street, and Federal Government

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Congress looking to shutdown come March 4th, which is a Friday. Beautiful isn’t it? How it perfectly lines up with the stock market closing at the same time. So this way if you don’t know what the Fed Gov’t is going to do you can’t take your money out because the market is closed and come Monday when it reopens BOOM!. Stocks are note a result of people wanting to invest in companies they believe in and in return get a cut of the profits, as intended. It is now instead an emotional rollercoaster and zero sum game for financiers and the sheep who play. The DJIA goes up and down on whatever makes news, no longer matters if the economy is good or bad, or the companies are in good shape or not. It is based on how much can we leverage on a company before we shift money into our bank accounts. A simple “pump and dump”. Do yourselves a favor and prepare.

Paul Craig Roberts: A Government Shut-down Imperils the Power of Congress

February 27th, 2011 by stacyherbert

Congress should think twice before forcing a government shutdown as the consequences could be the loss of the power of Congress to control spending through authorization and appropriation bills.

Congress permitted President George W. Bush to accumulate new powers in the executive, and these powers have passed to Obama. Bush succeeded in establishing that as a wartime commander-in-chief he had the “inherent power” to disobey the laws against torture, spying on Americans without obtaining warrants, and indefinite detention. In addition, Bush used signing statements in ways inconsistent with his oath and obligation to uphold the laws of the United States, and he took the U.S. to war based on lies, deception, and fabricated “evidence,” an offense that qualifies as treason.

With these precedents, it is a simple matter for President Obama to declare that, with the U.S. at war in a world of growing instability, he has the inherent power to ignore the debt limit and to continue financing the government with the creation of new money by the Federal Reserve.

Congress could try to protect its loss of the power of the purse by impeaching Obama. But how credible would it be to impeach a wartime president who is using the same “inherent power” of his office that Congress permitted the previous president to use?

The powers that Bush asserted not only violated statutory law, but also set aside constitutionally guaranteed rights that are the essence of American liberty. Yet, Congress made no attempt to restrain him with impeachment. How then does Congress impeach a president who is merely using his power to keep a government at war operating?

As President Bush’s acts were not deemed impeachable offenses, it seems likely that Congress has lost its power to impeach through default

http://maxkeiser.com/2011/02/27/paul-craig-roberts-a-government-shut-down-imperils-the-power-of-congress/

Marc Faber an independant economist has been known for his not so sunny views of the American and Worldwide marketplace. Here are a couple videos to keep the rain clouds near.