WalMart was out with earnings this morning, missing on the top line (revenue) but managing to do the usual “beat it by a penny” game with Wall Street.
The forward look, however, was downbeat — for the holiday quarter.
The company said:
“Current macroeconomic conditions continue to pressure our customers,” Chief Financial Officer Charles Holley said in the statement. “The holiday season is predicted to be very competitive, but we are well prepared to deliver on the value and low prices our customers expect.”The “Money Fairy”, that is, deficit spending and/or monetary games such as QE are exactly identical to a tax on the economy.
Again (and I’m going to keep pounding this into people’s heads until I start hearing it on CNBS!) if you have 10,000 units of output (e.g. oranges, gallons of gasoline, cars, etc) and there are 10,000 units of currency and credit in total available in the economy to be used, the exchange rate is 1:1.
Thursday, November 15, 2012
Submitted by: Donald Hank
Why No One Has Gone To Jail
But what the Republican Committee report does not say is that the mechanism that allows Corzine and many others to walk away from such disasters without any civil liability for fraud is the 2005 Bankruptcy Reform Act, which the Republicans sponsored almost unanimously. And we wonder why nobody is pursuing this for the theft that it clearly involved?
By the bankruptcy code Congress adopted and which congress alone can change: (i) Bankruptcy Judges are PRECLUDED from appointing “receivers” (Sec. 105(b)), (ii) the stay precludes creditors who were robbed from pursuing a receiver at the District Court, (iii) state receiverships are collapsed into the bankruptcy when it is filed and (iv), at least in the 2nd Cir., only a receiver can pursue claims based on theft.
No Trans-Pacific Partnership Trade Agreement
The Obama administration's Trade Representative, Ron Kirk, is currently involved in negotiations to complete a Trans-Pacific Partnership () free trade agreement with the following nations: Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Representatives of the United States and these ten other nations will meet in Auckland, New Zealand, during December 3-12, 2012, for the 15th round of TPP negotiations.
Free trade agreement? How could anyone be opposed to a free trade agreement? The answer, very simply, is that economic integration is always followed by political integration. Is economic integration the initial goal of the TPP? Indeed it is, and that goal is so stated in the “Trans- Pacific Partnership Frequently Asked Questions” section of the official website of the the United States Trade Representative (http://www.ustr.gov/tpp), which candidly states: “The Trans-Pacific Partnership is a vehicle for Asia-Pacific-wide economic integration.” Further indicating TPP’s goal, the group’s organizers boldly propose their “vision of negotiating a high-standard, 21st century regional agreement.” In other words, the TPP conference in New Zealand will be a grand step toward gaining nation-by-nation approval of another sovereignty-compromising trade agreement.
Old Jarhead's Political SitRep for November 16, 2012
Robert A. Hall
There is sufficient evidence and substantial claims are being made that vote counts in critical districts have been manipulate to warrant an open and honest investigation of the 2012 presidential election.
The Republican Party obviously lacks the backbone to defend the freedoms of the people, so it is incumbent upon We the People to work with our State Legislatures to ensure honest elections.
We the People – Alabama will publish the vote count records of any County that provides the number of registered voters and votes counted in their County.
Video: Sen. Graham: I Blame The President Above All OthersNov 15, 2012 11:40 am
South Carolina Senator Lindsey Graham speaks out on Obama’s press conference. Watch the latest video at video.foxnews.com Related posts: Sen. Graham: White House Leaks Were ‘Orchestrated’ For Political Gain Sen. Lindsey Graham is challenging President Barack Obama to “clear… White House Avoiding Answers On Libya? Reaction on Fox News from Senator Lindsey Graham. Watch the…
Read More and Comment: Video: Sen. Graham: I Blame The President Above All Others
Obama Tax Hikes On The Rich Would Shrink The Economy, Kill JobsNov 15, 2012 11:44 am
President Obama’s proposed tax hike on the top 2% of incomes will do next to nothing to close our chronic budget deficits, now running more than $1 trillion a year. But it will have a major impact on one struggling part of our economy: small business. In his Wednesday press conference, just before meeting with [...]
Read More and Comment: Obama Tax Hikes On The Rich Would Shrink The Economy, Kill Jobs
Video: Krauthammer Slams Obama On Susan RiceNov 15, 2012 11:54 am
Here, Fox News contributor and syndicated columnist Charles Krauthammer gives Obama a well-deserved piece of his mind… Watch the latest video at video.foxnews.com Related posts: Krauthammer: Obama Won, But Has No Mandate Charles Krauthammer weighs in on Obama’s victory last night. Watch… Mark Levin Slams Chief Justice Roberts Radio host and author Mark Levin reacts [...]
Read More and Comment: Video: Krauthammer Slams Obama On Susan Rice
Video: Black Genocide Praised By Obama Supporters Paid For By TaxpayersNov 15, 2012 12:03 pm
Why did the Reverend Jesse Jackson, once a fierce critic of abortion, change his tune when he made a run to be the President? Why are Barack Obama and the Democratic Party such fierce defenders of “Choice” when that choice is the leading cause of death for the black community? Related posts: Taxpayers Paid For [...]
Watch the Video and Comment: Video: Black Genocide Praised By Obama Supporters Paid For By Taxpayers
Video: Obama Confronted On Benghazi – Stutters Through Response!Nov 15, 2012 12:15 pm
Obama was confronted the other day by Ed Henry from FOX News, asked if he made an order to protect heroes in Benghazi. He won’t answer. Related posts: Retired Military Heroes Call Out Barack Obama For Deserting Americans In Benghazi Retired Special Ops heroes take Barack Obama to task for… Former US Attorney General Criticizes [...]
Watch the Video and Comment: Video: Obama Confronted On Benghazi – Stutters Through Response!
High School Hockey Commish Cancels Pre-game AnthemNov 15, 2012 12:28 pm
The commissioner of a Pennsylvania hockey league is curtailing the practice of beginning games with the national anthem, which has many fans crying foul. “We are recommending the national anthem not be played, or sung, or whatever it is,” he explained, alleging his decision “has absolutely nothing to do with patriotism at all.” The allegation, [...]
Read More and Comment: High School Hockey Commish Cancels Pre-game Anthem
Video: What Do Timothy Geithner And Eric Holder Have In Common?Nov 15, 2012 12:46 pm
You’d be surprised… Related posts: Timothy Geithner Facing Criminal Charges? Judge Andrew Napolitano and Shepherd Smith explain on Fox News:…… Cartoon Of The Day: Timothy Geithner, Debt Ceiling Crackpot … Continue to Post…
Watch the Video and Comment: Video: What Do Timothy Geithner And Eric Holder Have In Common?
Outrage Grows Over Official Corruption In Allen West RecountNov 15, 2012 01:06 pm
An overnight firestorm of cyber-messaging is asking that volunteers come to Florida’s St. Lucie County and serve as observers for Allen West’s recount challenge! Fears and allegations of massive voter fraud are spilling out across the web immediately following a sham recount in the West-Murphy battle for US Congress, even as local media play this [...]
Read More and Comment: Outrage Grows Over Official Corruption In Allen West Recount
Video: Petraeus Love Triangle Part Of Benghazi Cover-upNov 15, 2012 01:39 pm
We know David Petraeus heroically served this country for four decades. We know his alleged mistress Paula Broadwell graduated with honors at West Point and was an exemplary officer, going on to military and later academic excellence. The only person we know little about is the “other woman”—Jill Kelley—the woman who supposedly received threatening emails [...]
Watch the Video and Comment: Video: Petraeus Love Triangle Part Of Benghazi Cover-up
Israel under attack as missiles hit Tel Aviv
Egyptian Tanks in the Sinai Desert
Warning for Israel and America
Egyptian Tanks in the Sinai Desert
Warning for Israel and America
Mathew Staver, Founder and Chairman
This morning, the Israeli military launched an air strike that killed Ahmed Jabari, the head of the Hamas military wing, as he travelled in his vehicle through Gaza City. Jabari had long topped the Israeli “most wanted list” among Hamas terrorists.
The successful anti-terrorism strike came after a heavy wave of rocket fire into Israel from the Hamas-ruled Gaza Strip. A Hamas statement shortly afterward stated that the strike “has opened the gates of hell.”
It has never been more important for Americans to declare strong support for the nation of Israel and its leadership, but the prospect of unwavering United States backing seems unlikely in a second Obama term of office. Please read my urgent message below – Mat.
In the days following Barack Obama’s reelection, radical Muslims have fired over 100 rockets from Gaza into Israel, dramatically escalating the violence in the Middle East.
Is it just a coincidence that radical Islamists now feel inspired to renew their attacks on Israel just after the U.S. presidential election took place?
As a friend of mine in Israel recently walked through the Arab Muslim quarter of Jerusalem, she heard Muslims shouting in the streets, “Obama is our friend!” That’s no coincidence.
Israeli Prime Minister Benjamin Netanyahu released this statement yesterday
Submitted by: BobJen
20 JUST "UNREAL", must reads, for dissatisfied, pro-USA Americans.
From: To: The NationalMiddleClassNetwork & TeaParties...These columns are not necessarily our views; more in fairness to both sides. So, please keep the feedback coming. Thanks. Also, as many know, we are having IP issues. So, if you've received this NewsMail in error or wish to be removed, please let us know. So far, those so requesting since this inception is virtually zero. Thanks again
Boehner Rejects Obama's Request to Extend Middle Class Tax Cut
Get Ready for More Assaults if John Kerry becomes Sec of State
Police state USA: Student assaulted and tasered by police for asking John Kerry the wrong question by Mike Adams