Showing posts with label US billions. Show all posts
Showing posts with label US billions. Show all posts

Tuesday, April 6, 2010

Dr. Weiss's Secrets & Warnings about the economy -- psst: there's a lot of debt

Originally posted at The Desk of Brian, www.deskofbrian.com: http://sites.google.com/site/thedeskofbrian/state-of-the-nation/drweissssecretswarningsabouttheeconomy--pssttheresalotofdebt






Dr. Martin Weiss published these 11 staggering facts that
every American needs to know — and that every investor won't be able to
succeed without ...



11 startling facts that Obama and Bernanke do
NOT want you to think about


FACT #1:

The official national debt now stands at $12.68 trillion — an amount equal
to about 88.5% of all the goods and services our economy produces in an
entire year.

FACT #2:
Contingent obligations for Social Security, Medicare, Medicaid,
veterans, and pensions now stand at an additional $108 trillion over
and above the "official" national debt.

FACT #3:
State, county and local governments are nearly $3 trillion in debt.
Many can't pay and will ultimately demand that Washington assume
responsibility for that debt as well.

FACT #4:
Total federal, state and local government indebtedness now stands at a
mind-blowing $123.6 trillion.

FACT #5:
Last year, Washington added $1.4 trillion to the debt. In this fiscal year,
the Obama administration will add another $1.6 trillion!
FACT #6:
In addition to funding the current trillion-dollar-plus deficits, the U.S.
Treasury must borrow MORE each year to replace bills, notes and bonds that are maturing.
FACT #7:
This record-shattering borrowing by the Treasury has resulted in a Mt.
Everest of Treasury obligations being dumped onto the market, which
naturally depresses bond prices and drives interest rates higher.

FACT #8:
In adesperate attempt to keep interest rates low, the Bernanke Federal
Reserve has created $1.25 trillion out of thin air to buy
mortgage-backed securities ... another $300 billion to buy U.S.
Treasuries ... and yet another $170.6 billion to buy other government
bonds — a total of nearly $1.7 trillion in all.

FACT #9:
From September 10, 2008 to March 10 of this year, Bernanke increased
the nation's monetary base from $850 billion to $2.1 trillion — a 250%
increase in just 18 months.

FACT #10:
Despite this massive money-printing, the yield on the benchmark 10-year
Treasury note has STILL risen by more than one-fifth — from 3.2% to
3.86% — since December.


FACT #11:
Because of this massive money-printing, the U.S. dollar has lost nearly
10% of its value in the past 12 months alone.

The President and the Treasury Department have colluded with the Fed to create economic slavery for our country. On the surface, Democrats present that they are for the "little man" when in fact, they have driven a biggest wedge between the "Haves" and "Have Nots".
More and more people with suffer when the debt reality unravels, leaving multitudes destitute and dependent on government entitlement programs.

As the Chief of Staff, Rahm Emanuel said: "No crisis should be wasted" so this explosion of poverty, broke retirees, overwhelmed nursing homes, and bankrupt State budgets will allow the Federal government to grab (and hold) more power.

Are you preparing for this economic disaster? Do you even understand what any of this means or do you still have your head in the sand, believing the propaganda that "the economy is recovering", "can't happen in America" or the biggest lie: "The Republicans still have time to fix this."















http://www.uncommonwisdomdaily.com/11-startling-facts-that-obama-and-bernanke-do-not-want-you-to-think-about-4-9117

Wednesday, September 23, 2009

Obama's Haliburton: Petrobras & Chevron

Last month the Wall Street Journal reported how the Obama administration had sent preliminary letters of commitment to finance Brazilian exploration for oil. The largest company in Latin America is the oil company, Petrobras. Petrobras specializes in deep-water oil production.


The US will lend $2 billion to the Brazilian company to explore the Tupi oil field. The Tupi oil field is described by some as "possibly the third largest oil field" in the world. In May, the Chinese government financed a $10 billion loan to ensure 150,000 barrels per day for ten years. (some reports claim the agreement is 200,000 barrels per day)


There were a lot of conflicting reports. Insider Peakoil.com reported the US is lending $10 billion, which will match the Chinese. (http://peakoil.com/modules.php?name=News&file=article&sid=50486)


Now, in September, the Latin American Herald confirms the $10 billion deal. Gen. James Jones has confirmed the US Export-Import Bank already has the letter of intent.


So, as the WSJ article questions: why is drilling in Brazil okay, but not here in the US? We are in the middle of this huge "Go Green" campaign, but that doesn't extend to other countries? This is still foreign oil, is it not?



When President Bush lifted the offshore drilling ban, the environmental lawsuits came pouring in and outrage among those on the left has made this a very divisive issue. So what's so different?

Former VP Dick Cheney's past position with Haliburton enabled political enemies to vilify the Bush administration as corrupted and favored the "Big Oil Companies." Now, with the new regime, we are spending $10 billion to purchase oil from South America instead of Saudi Arabia. Maybe Gen. Jones, Obama's National Security Advisor, probably has some first hand knowledge from his days at Chevron.

Oh, did I not cover how Jones was a member of Chevron's Board of Directors from May until December of 2008. Chevron has been successful recently, announcing oil production from Brazil's deep waters (http://www.chevron.com/news/press/release/?id=2009-06-23), so let me point out this report from an S&P analyst:

"While Brazil (Petrobras-my insertion) would like control over these massive finds, we expect technical and financial challenges in their development will force varied participation by foreign oil firms, and think some production may not be realized for years -- Tina Vital, S&P Equity Research. (http://www.marketwatch.com/story/brazil-eyes-production-sharing-to-tap-offshore-oil-2009-08-31)

So, Petrobras can't handle this, their stock is shaky even with the billions in US and Chinese funds and they may ONLY GET 30% of the access to the Tupi oil field. Hmmm....I wonder what other company could be readied to move in and help expedite production -- would that be Chevron.



The President is willing to spend $10 billion to help boost this Brazilian company so they can add jobs while we in America watch our unemployment continue to rise. The NSA is a former Chevron board member and Chevron is conveniently positioned with successful drilling in nearby oil fields.


Meanwhile Obama and the extreme want to join the UN and global community pushing for international cap and trade yet the environmentalist prevent Alaskan and offshore drilling in the US.

Wow, even Michael Moore could connect these dots -- nevermind, the word Democrat after their names is like kryptonite to his incredible insight.





http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html


http://www.laht.com/article.asp?CategoryId=14090&ArticleId=340852