wilson96   Economy, Politics, and More…

World economy faces up to deepening sense of uncertainty – Feature
Washington/Berlin – It was only a few months ago that a debt crisis gripping parts of Europe threatened to derail the global economy’s rebound from recession just as the United States was confidently striding along the road to recovery.

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Alex welcomes to the show George Washington Hunt, a former naval officer and an official host at the UNCED 4th World Wilderness Congress. Hunt is educating the public on a secret bank set in motion by international financier Edmond de Rothschild and Maurice Strong. Hunt exposes this conspiracy in his 30 minute documentary, The Big Bad Bank. www.thebigbadbank.com www.infowars.com

The current economic crisis has stirred up much controversy amongst businesses in the US.  Some companies feel that President Obama’s Stimulus proposal will jeopardize their future and thus only lead to further economic problems on top of the mess we’re currently in to begin with.  The biggest topics of these controversies are Emissions, Health Care, Foreign Tax, Income Tax, Drilling, and Farm Subsidies.  There are many factors to be considered surrounding these topics, but if there is one thing these companies and President Obama can agree on, it is that something must be done.

            To start, Obama is enacting a “cap and trade” system on certain companies to cut emissions that are believed to be contributing to global warming.  It is estimated that enacting this system will require companies to pay up to $646 billion in the next eight years to buy tradable rights (permits) to emit these pollutants.  Companies are not against the concept of these permits, but are more concerned in the sense that selling all these permits right away could bring a huge burden to the companies that are both selling and buying, resulting in an even farther economic downturn.

            Another topic is that of health care.  In his stimulus, Obama provided $634 billion to help pay for health care reforms for the next ten years.  Half of that amount provided, is being funded by tax hikes, as well as medicare payment cuts to insurance companies, drug companies, and hospitals.  The companies involved in health care think this will have a number of effects.  For one, some insurance companies feel competing with rival government-backed insurance companies will hurt their profits, and in turn, will result in an increase in job unemployment.  Also, hospitals and drug companies fear their costs to consumers will decrease, and thus have the same effect as that of more job unemployment due to the cuts they will receive in their revenues.

            Foreign Tax is another issue.  Multinational companies can currently defer U.S. taxes on their generated revenues abroad until the funds are brought back into the U.S.  Obama presented this in an attempt to bring more jobs back to the U.S. as well as earn up to $210 billion by abolishing the tax deferral boundary.  The argument multinational companies make is that they will be at a competitive disadvantage against their rivals if they are paying U.S. taxes and their rivals are only paying low local taxes.  They also stated that if they begin to lose revenues the first jobs hit will be U.S. jobs, not foreign jobs, which will have a worsening affect on the economy.

            Obama is also enacting a raise in Income Taxes in order to fund more money to the economy.  Families tax rates who earn more than $250,000 will jump from 33% to 36% and those who earn more than $370,000 will go to 39.6%.  Dividends and capital gains will also go from 15% to 20%.  Finally, tax deductions for mortgage interest and charitable giving will drop to 28%.  Companies fear that by reducing annual net earnings of consumers, it will have a crippling affect to companies trying to keep investors in the market (home builders, mortgage brokers, etc.).

            Relating to the emissions pollution example as stated previously, drilling for oil will also become a problem for oil companies.  Obama is very focused on diminishing pollution, due to the ever growing environmental problems we are beginning to see.  The government is determined to convert the economy to a cleaner energy resource, which is a threat to oil companies.  If cleaner energy resources are developed, it will be easier for Obama to tax oil companies drilling off the coast of the U.S., since there won’t be such a dire need for oil.  The oil industry’s argument that they plan to relay strongly is that the taxing could jeopardize jobs and energy security.  They also stated that by making drilling more expensive off the U.S. coast could encourage more oil companies to move their business abroad.

            Lastly, agricultural subsidies have also become a topic of argumentation.  President Obama feels there are too many wasteful agricultural subsidies in the market.  He plans to cut this down by capping payments to farmers whose gross annual incomes do not exceed $500,000.  The cap will stand at $250,000, which he projects will save $9.8 billion in ten years.  Agricultural lobbyists argue that farmers will not be able to stay in business due to our current economic situation and with such a low cap on payments.  They contest that farmers need the crops to stay in business, that Obama contests, are wasteful farm subsidies.

            To conclude, Obama’s economic stimulus seems to have its own pros and cons to everyone.  Unfortunately, in order to rid ourselves of this current economic situation, risks must be taken.  There is no way to predict ahead of time if the stimulus will prove to be a success in the future or if it will cause more problems for the economy that companies argue will; that is the nature of the of the situation.  We do know however that something must be done, and no matter the terms of the stimulus, there will always be dispute over it.       

Have you heard? The economy sucks. Maybe you have read about it in the newspaper, on various internet sites or even heard about it on the evening news or the radio. That is, if you can even afford to pay for newspapers, internet access or electricity to power your television without giving up important things like providing dinner for your children who are now relegated to wearing burlap sacks once filled with potatoes.

The country is in the dumper. Wages are down. People are worried about losing their jobs. Did I miss any of the big talking points? I know there are a lot more where those came from and I could fill the page with them. However, that would be a pointless exercise.

Think about those claims I mentioned above. We are inundated every day with these stories of doom and gloom and about how America is going to Hell in a hand basket. Now maybe, just maybe, if you only listened to the stories about how bad it is out there you might be determined to believe that a recession or even a depression is on the way even though we have not even met the standards of a recession yet. Or maybe you are one of those who have rewritten the truth to actually believe we are in one now?

Well ask yourself this, if everything sucks so bad, the economy is in shambles and we on the verge of (or even in) a recession then how is it that people are just blowing their cash on extremely frivolous things? Things like, oh I don’t know, going to Disney theme parks?

Yes, you heard right. In this time of such dire circumstances attendance at Disney’s parks in the United States is up 5% and revenues are up even higher – 11% give or take. In other words, not only are more people going to Disney’s parks, but they are spending more money there too.

Hmm. Interesting. Is spending lots of money on leisure something you often do as the first thing when you fear a potential economic problem? I know that there are people out there that spend money they don’t have (see the sub-prime housing fiasco for example) but I am talking to you, an intelligent human being and not some schlub who would not know how to save a dollar if their life depended on it.

As a country we are supposed to be suffering economically. We are supposed to be worried about losing our jobs and wondering if our paycheck will be handed to us twice a month on schedule and actively questioning where our next meal will be coming from. We are told that our neighbors are suffering and that they are not able to afford simple things like clothes for their children without tightening their belts beyond the last available notch. If they can even still afford a belt that is.

This is what we are told by certain people. But our eyes are drawn back to the news about Disney almost with eager interest to make these reports square with what we have been told. Maybe we are supposed to believe that people are just going out for one last fling before reality sets in, the bubble bursts and the soup lines that will stretch for blocks are formed. Maybe we are supposed to believe that these poor, deluded souls simply don’t see the impending disaster that they are told day after day is coming.

After all, things cannot be going that well. The reports and the pundits tell us otherwise. They say that it is all but over – pack up the bags and last one out please turn off the lights. We will all be panhandling for spare change before it is all said and done.

But yet we still have questions as to why Disney is doing so well and showing growth. It does not make much sense. And then it dawns on us. People can tell us anything. They can say anything they want. But just because the words are spoken doesn’t make them truthful.

I could tell you that there is an elephant under my hat or that the sky is really hot pink and not blue or that the grass is purple and not green. But you can simply look and see that such claims are not true.

The same thing is currently happening with the economy.

Now, that is not to deny that there are pockets of trouble, sectors that are struggling for various reason and that there won’t be recessions, depressions or just otherwise hard times to come. They happen. There are good times and there are bad times. And sometimes something so catastrophic happens (like say a government induced housing bubble bursting) that bad times, or at least troubled times, are unavoidable.

No one can stop them no matter how much they promise. Not even politicians promising hope and change or more government control of our lives and the economy.

But the next time someone tells you how bad it is in America and asks what you are going to do next, just smile. Then respond. “Why, I’m going to Disney World!” Just like the rest of America apparently.

WORLD OF WARCRAFT : Comedian Rich Kuras infiltrates the World of Warcraft to poll players on the 2008 Presidential Election. We broke down the results per race and Class. What we found may…and please excuse the pun…WOW you.

Analyst Adrian Salbuchi from Argentina, proposes a Model that helps to understand the dynamics of what is currently taking place in the world, which he defines as the overlapping and increasingly violent process that marks the end of Globalization and the birth of World Government. This three part video also explores 12 Key Factors that will trigger this Transition.

World economies are facing a triple threat. Oil reserves will be close to depletion by the year 2050. Damages from climate changes caused by escalating greenhouse gas emissions will become substantial. Rising transportation and food costs will slow economic growth rates. The results will lead to worldwide economic stagnation without hope for escape or reversal.

Future generations will have to pay dearly for the failure of previous national governments to eliminate carbon dioxide emissions and to change world energy supplies. Our dependence on fossil fuels must be terminated completely within the next three to four decades or the world will self-destruct.

Let’s us look at the facts that lead to these frightening conclusions.

Statements about petroleum reserves have been dubious in the past. In 2007, lowest figures are in the range of 1 to 1.3 trillion barrels. A figure as high as 2.3 trillion barrels has been proposed but will not find many supporters, not even in the oil industry.

At the 2006 rate of oil consumption of 31 billion barrels per year, these reserves could last 32 to 74 years. Such figures are often quoted but are much too high because annual oil consumption is continually rising. The growth rate is approximately 2% per year. Projecting steady growth to the year 2050, the actual consumption is going to be 60% higher. This increases the average annual consumption rate between 2006 and 2050 to a very realistic 50 billion barrels per year. Time to depletion is reduced to a time span of 20 years to 46 years. Most likely, neither figure is correct. However, it is reasonable to assume that a figure between 20 years and 46 years will be most likely.

Combusting 1 to 2.3 trillion barrels of oil will add a huge amount of carbon dioxide to the atmosphere. The amount is 0.42 to 1 trillion tons of carbon dioxide. This huge mass will increase the carbon dioxide content in the atmosphere by 55 to 125 ppm. Only a small percentage of this additional mass will be absorbed in the oceans. Most of it will lead to a substantial increase in the atmosphere’s carbon dioxide content.

During the same time, an even larger amount of carbon dioxide will be added to the atmosphere from the accelerating burning of coal and natural gas.

There is a direct connection between carbon dioxide accumulation and global temperature increase. During the last 30 years, this correlation amounted to approximately 2 degree C per 100 ppm carbon dioxide. If we accept this correlation as valid, we are faced with some very ugly numbers. During the next 46 years, we will increase the atmospheric carbon dioxide concentration by at least 200 ppm. In turn, this increase will result in a rise of global temperatures by 4 degree C. This means that by the year 2050, the world will have warmed by 5 degree C! This figure is more realistic than recent IPCC forecasts.

The robust growth of world economies and the exceptionally fast increase in energy consumption in China and India will result in much higher energy consumption and in a much faster growth of greenhouse gases than originally predicted. Two other accelerating factors are the failure of the Kyoto Protocol to perceptibly reduce greenhouse gas emissions and the decision of the USA to delay any countermeasures.

In view of actual, past developments and by accepting a realistic future outlook, we must draw several, inescapable conclusions. The increase of global temperatures on Earth will become faster, transportation of commodities and goods will get extremely costly, and the effects of global warming on climate change will continue to become more numerous and more destructive. This confluence of future developments will lead inescapably to a major threat to all world economies.

Once world economies begin to contract and collapse, national economies cannot marshal any longer the necessary resources that could have saved the world. Installation of effective countermeasures will require a minimum time of thirty years. Once economies contract, there will be no resources and no time left to implement solutions.

The world will have lost the ability to install any of the promising, renewable technologies, which are able to produce electricity and liquid transportation fuels without the emission of any destructive greenhouse gases. The world as we know it will cease to exist.

Breaking News: Stocks tumble on world economy concerns
NEW YORK (AP) – Stocks and interest rates tumbled Tuesday after signs of a slowing global economy spooked traders. The Dow Jones industrial average fell nearly 270 points in trading to fall below 10,000 for the first time since June 10.

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Obama Says Russia Belongs In World Trade Organization
Obama Says Russia Belongs In World Trade Organization

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One World Government Microchip ID 666 part 2 RFID