Italy and Spain -
Fitch on Friday cut Italy's sovereign credit rating by one notch to A+ from AA-, saying the move reflected the worsening of the euro zone's debt crisis and an erosion of market confidence caused by the government's initially hesitant response to the rise in its bond yields.
The Euro -
Adding fuel to the fire is an errant comment from Merkel who has said that Eurobonds are "absolutely the wrong way to go", and lastly, a last minute notification from Fitch which goes for Trifecta by saying that Portugal remains on outlook negative, and the result is visible on the attached chart.Dallas -
A protest that began with a few dozen demonstrators in New York City has grown to thousands in cities across the country, including Dallas.Housing -
As the group flooded Wall Street in New York for the 19th-straight day, about 200 people rallied at Occupy Dallas on Thursday.
The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday.Chicago -
It's sticker shock in the mail. Tax bills went out to Cook County homeowners this week and the big jump in the amount due to many homeowners has some wondering if they can keep their house.The Real Effect
According to the Cook County Clerk's office, tax rates are up for schools, park districts, municipalities and other government bodies. Some of those tax levies have made double-digit increases in tax rates.
How do we fix this, easy to say, tough to do-
- Recognize the created order. (Skip this if you don't believe in it)
- Recognize and allow private parties to respect their property rights. (Gun rights. Legal rights)
- PROSECUTE AND IMPRISON the banksters. (Ones who have committed fraud)
- Repeal ALL property taxes. Repeal the Federal income tax.
- Enact trade barriers that level the playing field with countries like China
- Enforce the borders.
- Remove ANY barriers at any level that hinder the growth of private prosperity. (Red tape)
What happens if we don't do this? Where does this end up? In mass graves -
In a pediatric hospital in North Korea's most productive farming province, children lay two to a bed. All showed signs of severe malnutrition: skin infections, patchy hair, listless apathy.Government exists primarily to protect the rights of its citizens. If it is not performing these duties, what good is it? At that point, it takes on a role of not a protector but that of a prosecutor and enabler. Through its "rights" it funnels special privileges and "rights" to the class that enables it the most. One does not have to look very hard through the financial sector to discover just how nepotistic this is already.Of course, long time readers know this already -
It's also getting late for North Korea to get the massive amount of food aid it claims to need before the harsh winter sets in. The country's dysfunctional food-distribution system, rising global commodities prices and sanctions imposed over Pyongyang's nuclear and missile programs had contributed to what appears to be a hunger crisis in the North, even before devastating summer floods and typhoons compounded the emergency.
The long and short is they are bleeding the real assets out of the United States and passing them into foreign control. Make no mistake, they will bleed this country dry. Savings, checking, 401K, gold, assets, they want it all and will not stop until they get it. The only companies that survive will be those that primarily serve the industrial military complex. Overnight this country will be transformed into the new prison state for the Global Order. Get food, get water, get a gun and get ready to defend yourself.