A New Global Economy for a New Generation by Christine Lagarde

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Sent: Tuesday, February 26, 2013 10:33 AM
Subject: The LeGarde speech....

There is going to be a major overhaul of world currencies.

A New Global Economy for a New Generation

By Christine Lagarde
Managing Director, International Monetary Fund
Davos, Switzerland, January 24, 2013

Good evening. Let me begin by thanking my dear friend Klaus Schwab for the singular honor of addressing all of you.I know we are all still deeply concerned with the state of the global economy. Where do we stand? Well, thanks to policy actions taken over the past year, we have seen some respite and some stabilization in financial conditions.But it is not all good news. The recovery is still weak, and uncertainty is still high. As the IMF announced just a few hours ago in our World Economic Outlook, we expect global growth of only 3½ percent this year, not much higher than last year. The short-term pressures might have alleviated, but the longer-term pressures are still with us.As I have said recently and it bears repeating: we have avoided collapse, but we need to guard against any relapse. 2013 will be a make-or-break year.We all know the imperative—keep up the momentum on the policy actions needed to put uncertainty to rest.What does that mean? For the Euro Area, it means making firewalls operational; pushing ahead with banking union; continuing with the difficult but necessary fiscal adjustment at the country level; and supporting demand, especially with further monetary easing.For the United States, it means pulling together in the national interest and avoiding further avoidable policy mistakes, such as failing to agree on increasing the debt ceiling—and, for the United States and Japan, reaching agreement on medium-term debt reduction.For the emerging and developing economies, faring better despite their concerns about continued turmoil and lack of decisive action in the advanced economies, conditions differ greatly. Some are more vulnerable than others, but they need to rebuild the policy space that has been used up in alleviating the crisis in recent times.So these are the short-term priorities as I see them.The broader viewBut here in Davos I would like to take a somewhat broader view—looking to the longer horizon, to the new global economy taking shape before our eyes.Over the past few months, I have visited all of the major emerging regions of the world—Africa, Asia, the Middle-East, and Latin America. And I must say, the world looks very different from their vantage point. It is a world of challenges, yes, but it is also a world of “resilient dynamism”.The burning question is this: how we can make sure that all regions grow strongly, converge rapidly, and succeed in meeting the aspirations of their people?To answer this question, we need to reflect upon some of the megatrends shaping the future. Many thought leaders are pondering this issue, including here at the World Economic Forum. I would submit the following four pivot points:

• First, a growing demand for individual empowerment, including for women, and a growing sense of a single global community.
• Second, a reallocation of political and economic power across the world. By 2025, for example, two-thirds of the world’s population will live in Asia. This can lead to greater cooperation or to greater tension and competition.
• Third, a seismic shift in demographics, as the “youth bulge” in various emerging regions rubs up against the “graying” populations elsewhere. Sixty percent of the population in the Middle East and North Africa is under 30. It is 70 percent for sub-Saharan Africa. Again, either a great opportunity or a source of instability.
• Fourth, increasing vulnerability from resource scarcity and climate change, with the potential for major social and economic disruption. This is the real wild card in the pack.

So how can we successfully navigate our way into this future world? There are no easy answers. So where to begin? I think it starts with the new generation on the march—in a world that is flatter, more closely-knit, more interconnected than ever before in history.This new generation thinks differently. It is a generation weaned on immediacy, democracy, and global reach of social media. Consider the scale: Facebook and Twitter have about one billion and 500 million users respectively. If they were countries, they would be the 3^rd and 4^th largest nations in the world!Perhaps we can lay the groundwork for future success by embracing some of the emerging values of this new generation. Let me touch on three of these in particular: (1) greater openness; (2) stronger inclusion; (3) better accountability.1. Greater OpennessLet me begin with openness. This generation is a global generation and an open generation. Open to the world, and to the idea of a common global community.In a sense, this is really an old lesson for a new era—that when countries transcend the narrow national interest and come together for the global good, everybody wins. This was the reason the IMF was founded in 1944—and it remains our guiding principle.Look at Asia, for example. This is a region that has made tremendous progress in trade integration—trade within Asia tripled over the past decade, and regional trade among emerging Asian nations grew even faster. But it has lagged behind in financial integration. It is not investing enough of its own savings in its own future.And yet, the advantages of financial integration in Asia are clear. It can lift people up by boosting domestic demand and helping small firms get access to credit. It can make economies safer, by providing more insurance against adverse developments. It can reduce inequality, by helping financial inclusion.Other regions too can benefit from more integration, including the Middle East and Africa. These regions will gain from opening up—knocking down barriers to trade and welcoming investment. In this way, they can set in train a virtuous circle of higher productivity, enhanced economic diversity, and greater resilience against external turmoil.Take the Maghreb, for example. On its own, each country in the region is small. But together, they form a vibrant market of 90 million people, offering limitless possibilities.Possibly the greatest integration of all comes from Europe. If you look behind the daily headlines related to the Eurozone crisis, you see a region in the midst of a historic process of integration. It is really the culmination of a centuries-long search for peace and prosperity, with the understanding that by linking arms you are unlocking swords—and also unlocking a million avenues for mutual gain.Yes, the European economy faces serious issues that need to be addressed—deeper banking and fiscal union, for example. But destiny beckons through the smoke and the fog. And I, for one, am optimistic about Europe’s future, especially if it stays on the path of reform, integration, and renewal.2. Stronger inclusionLet me turn to what I see as the second major aspiration of the new generation and the new global economy: stronger inclusion. Our close-knit world is a participatory world. The new generation demands opportunities for all and insists on tolerance, respect, and fairness for all.Just look at some recent examples—from the yearnings on the Arab Street for greater dignity and opportunity, to the brave cry of young women for education and equality, and to the heartfelt urge of Indian women for greater respect and justice. These demands must be met.What does it mean for economic policymakers? It means that we need more fairness in economic life, more inclusion. This has numerous dimensions.At its core, it relates to growth. Surely we have all learned by now that it is no longer enough to focus on growth alone. We need all people to share in rising prosperity—and, by the same token, share fairly in any economic adjustment needed to achieve or restore prosperity.As Franklin Roosevelt once said: “The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.”Inclusive growth is certainly a top concern of policymakers. The message is resonating widely.I was not surprised, therefore, to see that the World Economic Forum’s most recent survey puts “severe income disparity” at the very top of global risks over the next decade. Excessive inequality is corrosive to growth; it is corrosive to society.I believe that the economics profession and the policy community have downplayed inequality for too long. Now all of us—including the IMF—have a better understanding that a more equal distribution of income allows for more economic stability, more sustained economic growth, and healthier societies with stronger bonds of cohesion and trust. The research reaffirms this finding.Above all, inclusive growth must also be job-rich growth. This is really a symbiotic relationship—we need growth for jobs and jobs for growth. Right now, 202 million people are looking for work, and two in five of the jobless are under 24. Relieving this sense of desperation must be the over-riding goal of everything we do.Inclusion has other dimensions too.Gender inclusion is critically important, and, frankly, too often neglected by policymakers. In today’s world, it is no longer acceptable to block women from achieving their potential. Think about it: women control 70 percent of global consumer spending.All studies point to the economic benefits of full female participation in the labor force, in the economy, in society. One recent study estimates that by simply raising women’s employment rates to the level of men, GDP would jump significantly—by 5 percent in the United States, 9 percent in Japan, 10 percent in South Africa, 27 percent in India, and 34 percent in Egypt.The evidence is clear, as is the message: when women do better, economies do better. So policymakers and economic leaders must do better in supporting women. That means we must tear down all obstacles in the path of women, even the subconscious obstacles of the mind.One other point on inclusion: we need a greater sense of solidarity across generations. We need to be cognizant of the legacy we are leaving for those who will come after us. One such legacy is public debt, which now hovers around 110 percent of GDP among the advanced economies—the highest level since World War II. We owe it to the next generation to put in place credible plans to reduce this burden on them.So we need growth, but we also need green growth that respects environmental sustainability. Good ecology is good economics. This is one reason why getting carbon pricing right and removing fossil fuel subsidies are so important. This too is an element of inclusion.3. Better accountabilityLet me turn to my third and last principle for the new global economy: better accountability. The new generation demands transparency. They demand good governance. We must deliver.Just look at the role of information technology in forcing change. It was the citizen power of social media that sparked a peoples’ transformation in the Middle East, put pressure on U.S. policymakers to compromise on the fiscal cliff, and prompted Chinese policymakers to publish frequent updates of pollution levels.These forces for greater accountability will only get stronger. Of course, governments can try to push back and restrict access to information technology. But this is like King Canute ordering the tide not to come in!Accountability is really a two-way street—institutions must be accountable to citizens, but citizens must also have the knowledge, education, and training needed to hold them accountable. It is mutual responsibility.What does this all mean for economic life—in the public sector, the private sector, and international institutions too?Beginning with the public sector, we have learned that good governance is the bedrock of economic success. Without strong institutions, good policies cannot be developed and implemented.Zero tolerance for corruption must be foundational. The state must be the servant rather than the master of the people—meeting their basic needs and providing an enabling environment for the private sector to thrive.But the private sector also needs to be accountable. The goal of the private sector cannot be only profit; it must also be to add value, create jobs, develop the new ideas that drive an economy forward. Vested interests and arbitrage typically hinder the accountability principle.One has in mind the financial sector, which turned out to be insufficiently accountable—to its clients, its shareholders, and to society in general. As we all know, the global economic crisis was, in many respects, a governance crisis originating in the financial sector. It hid too much activity in murky and dark corners, and put its own short-term gain ahead of supporting the real economy.As Plato said long ago, “Excess generally causes reaction, and produces a change in the opposite direction.”Frankly, we need to see more of that change in 2013. Finishing the job of financial sector reform must be a priority. We can already see too many signs of waning commitment—dilution of reforms, delays in implementation, inconsistency of approaches. And we can see the risks—a further weakening in capital and liquidity standards; and not enough progress on key areas like cross-border resolution, shadow banking, and derivatives. We must also move in the direction of more prudent compensation practices.Ultimately, again, this is all about accountability: we need a financial sector that is accountable to the real economy—one that adds value, not destroys it.One final point on accountability: it also relates to international financial institutions like the IMF. We too must respond to the new imperative for greater accountability.And so we are trying to become more open and transparent, reaching out to all stakeholders. Recognizing the profound changes in the global economy, we are pushing ahead with our governance reforms so that all countries have a fair stake in the running of the institution.For at the end of the day, our job too is service: for our 188 member countries. We must be accountable to them—but even more than that, to the citizens of those countries who now hold us, rightly, to a new standard of effectiveness.Conclusion: A New Moment in HistoryLet me conclude. I believe that if we continue to act, 2013 will be a defining year in terms of finally getting beyond the crisis. But more than that, I believe we are standing in the antechamber of a new global economy, marked by rapidly shifting circumstances and new modes of thinking.Yes, this new economy will be geographically different, driven more by the dynamic emerging markets and developing countries. But it will also be generationally different, shaped by different values and principles.What we need today is a “new moment in history” that embraces the values of a new era—more openness and cooperation between nations, more inclusion and solidarity among peoples, and stronger accountability of those responsible for the global economy. That includes many of the people here in this room.In the final analysis, there are no easy answers to the big burning questions like the sources of future growth and the harnessing of technology to benefit the entire planet. But we can at least say that, together, we are grappling with the right issues—with our intelligence, goodwill, and courage.Let me assure you that the IMF will always be ready to help in whatever way we can.Thank you.

American by Birth!

Southern by the Grace of God!

Christian by Choice!

Conservative by Common Sense!

Mayor of London Reveals MI5 Spies Recruit & Film VIP Paedophiles Raping Kids For Political Blackmail

The Rumor Mill News Reading Room 

Mayor of London Reveals MI5 Spies Recruit & Film VIP Paedophiles Raping Kids For Political Blackmail

Posted By: RumorMail [Send E-Mail]
Date: Tuesday, 26-Feb-2013 14:49:53

I've known for some time of the allegations that Congress and Parliament is run by blackmailed politicians caught on film doing depraved sexual acts with children and whatever takes their fancy. This explains why politicians seem to be comfortable allowing places like Israel to bomb innocent civilians in Gaza and indeed Kay Griggs says exactly this in her testimony against her husband who was the Marine Corps Chief of Staff. Zionism and the unwavering support for Israel is at the heart of international political sexual blackmail. The challenge with communicating the issue to time starved celebrity obsessed people is that it is more War & Peace than a corporately controlled newspaper headline. Most people don't have a hundred hours or so to look into how MI5 and the CIA recruit future politicians who are then encouraged to be in situations where they can subsequently be blackmailed. Naturally this depraved mileiu is well represented in the mainstream (for-profit news) media by people like David Aaronovitch who is a repeated defender of both paedophiles and Zionism over at least a decade or so. It's natural to assume there must be something in it for him to be so comfortable with the obnoxious, the disgusting and the depraved. The alternative is he just feels at home with these issues. The recording is only 30 seconds. Listen and wise up to why the planet is so dysfunctional. Cause and effect. Cause and effect. Cause and effect. It's science. Absolute MUST Listen! http://charlesfrith.blogspot.com/2012/12/mi5-use-of-child-abuse-to-film.html

  by Tad Cronn

Let Them Eat Cake? Government Destroys 1,600 Pounds of Deer Meat for Homeless Just Because

Hunters and homeless people in Louisiana are righteously outraged after state health officials forced a homeless shelter to throw out nearly a ton of perfectly good venison.

The meat that had been donated to the Shreveport-Bossier Rescue Mission could have fed more than 3,000 people. Instead, it was tossed in trash bins by officials from the Department of Health and Hospitals who say that state law prohibits the serving of venison in homeless shelters.

Not only did the officials toss the meat, they doused it with Clorox to make sure it couldn’t be eaten by animals or, presumably, people.

“Deer meat is not permitted to be served in a shelter, restaurant or any other public eating establishment in Louisiana,” an official told Fox News in an email. “While we applaud the good intentions of the hunters who donated this meat, we must protect the people who eat at the Rescue Mission, and we cannot allow a potentially serious health threat to endanger the public.”

Richard Campbell, co-founder of Hunters for the Hungry, a charitable group that donates wild game to shelters, said hunters across the state and in Mississippi are outraged about the statement and the waste.

The state’s health Gestapo got involved after someone at the shelter complained about being fed deer meat, a staple in many countries across the globe and considered by most people to be a treat or a delicacy.

I don’t know what’s wrong with Louisiana, but in California, turning down venison would be like turning down a lobster tail with drawn butter — it’s something that sane people who aren’t vegetarians just wouldn’t do.

The director of the mission said they’ve been serving venison for years. The shelter, by the way, doesn’t take any government money. It’s completely self-sufficient thanks to its donors.

“This was really good meat,” said the Rev. Henry Martin. “It’s high in protein and low in cholesterol. It’s very healthy. … You would think we would have due process. But they meant to destroy the meat – that’s for sure.”

Louisiana hunters participating in the state’s deer management programs are allowed to keep as much meat as they can handle. 

Martin’s mission asks hunters to donate the rest. The donated meat is processed at a local meat plant.

State Rep. Jeff Thompson called the destruction of the meat “insulting,” and he’s right.

Only a truly callous bureaucracy could dare pretend to care about the homeless then turn around and destroy food intended for the needy, for no real reason other than “because” that’s what the rules say.

I’m sure you recognize the excuse — used to justify evil deeds, from the treatment of slaves to the rounding up of Native Americans to the Holocaust. You hear it from bureaucrats at all levels, from bus drivers to presidents. It’s an expression of contempt for the rights and needs of the common man.

In the case of the meat destruction, it’s also an illegal taking of property for which the mission needs to be compensated.

An apology is the least that the state should be doling out for this Kafkaesque assault on the homeless and on common sense.

Read more: http://godfatherpolitics.com/9630/let-them-eat-cake-government-destroys-1600-pounds-of-deer-meat-for-homeless-just-because/#ixzz2M2fcMu5v

Jesus and the Apostles

Subject: Jesus and the Apostles

And we think we have a hard life.  Would we deny our faith if we were faced with only a small portion of what they faced for us.  They all died for us, but only one died for our sins and was raised from the dead to sit on the right hand of his father.  Because of his sacrifice, we are saved.

Jesus and the Apostles

How The Apostles Died/ The Death of Jesus

1 Matthew - Suffered martyrdom in Ethiopia, Killed by a sword wound.

2 Mark - Died in Alexandria, Egypt, after being dragged by Horses through the streets until he was dead.

3 Luke - was hanged in Greece as a result of his tremendous Preaching to the lost.

4 John - Faced martyrdom when he was boiled in huge Basin of boiling oil during a wave of persecution In Rome. However, he was miraculously delivered from death.

John was then sentenced to the mines on the prison Island of Patmos...

He wrote his prophetic Book of Revelation on Patmos. The apostle John was later freed and returned to serve As Bishop of Edessa in modern Turkey. He died as an old man, the only apostle to die peacefully.

5 Peter - He was crucified upside down on an x-shaped cross. According to church tradition it was because he told his tormentors that he felt unworthy to die In the same way that Jesus Christ had died.

6 James - The leader of the church in Jerusalem, was thrown over a hundred feet down from the southeast pinnacle* of the Temple when he refused to deny his faith in Christ. When they discovered that he survived the fall, his enemies beat James to death with a fuller's club.

*This was the same pinnacle where Satan had taken Jesus during the Temptation.

7 James the Great - Son of Zebedee, was a fisherman by trade when Jesus Called him to a lifetime of ministry. As a strong leader of the church, James was ultimately beheaded at Jerusalem.

The Roman officer who guarded James watched amazed as James defended his faith at his trial. Later, the officer walked beside James to the place of execution. Overcome by conviction, he declared his new faith to the judge and knelt beside James to accept beheading as a Christian.

8 Bartholomew - Also known as Nathaniel was a missionary to Asia. He witnessed for our Lord in present day Turkey. Bartholomew was martyred for his preaching in Armenia where he was flayed to death by a whip.

9 Andrew - Was crucified on an x-shaped cross in Patras, Greece. After being whipped severely by seven soldiers they tied his body to the cross with cords to prolong his agony. His followers reported that, when he was led toward the cross, Andrew saluted it in these words: 'I have long desired and expected this happy hour.

The cross has been consecrated by the body of Christ hanging on it.' He continued to preach to his tormentors For two days until he expired.

10 Thomas - Was stabbed with a spear in India during one of his missionary trips to establish the church in the sub-continent.

11 Jude - Was killed with arrows when he refused to deny his faith in Christ.

12 Matthias - The apostle chosen to replace the traitor Judas Iscariot was stoned and then beheaded.

13 Paul - Was tortured and then beheaded by the evil Emperor Nero at Rome in A.D. 67. Paul endured a lengthy imprisonment, which allowed him to write his many epistles to the churches he had formed throughout the Roman Empire. These letters, which taught many of the foundational Doctrines of Christianity, form a large portion of the New Testament. Perhaps this is a reminder to us That our sufferings here Are indeed minor compared To the intense persecution And cold cruelty faced by the apostles And disciples during their times For the sake of the Faith. And ye shall be hated Of all men for my name's sake: But he that endureth to the end shall be saved. Matthew Faith is not believing that God can, It is knowing that God WILL!

Jesus' Death

The Death of Jesus

For the next 60 seconds, set aside whatever you're doing and take this opportunity! Let's see if Satan can stop this.

THE (SCIENTIFIC) DEATH OF JESUS

At the age of 33, Jesus was condemned to death. At the time crucifixion was the "worst" death. Only the worst criminals were condemned to be crucified. Yet it was even more dreadful for Jesus, unlike other criminals condemned to death by crucifixion Jesus was to be nailed to the Cross by His hands and feet.

Each nail was 6 to 8 inches long. The nails were driven into His wrist. Not into His palms as is commonly portrayed. There's a tendon in the wrist that extends to the shoulder. The Roman guards knew that when the nails were being hammered into the wrist that tendon would tear and break; forcing Jesus to use His back muscles to support himself so that He could breath.

Both of His feet were nailed together. Thus He was forced to support Himself on the single nail that impaled His feet to the cross. Jesus could not support himself with His legs because of the pain So He was forced to alternate between arching His back then using his legs just to continue to breath. Imagine the struggle, the pain, the suffering, the courage.

Jesus endured this reality for over 3 hours. Yes, over 3 hours! Can you imagine this kind of suffering? A few minutes before He died, Jesus stopped bleeding. He was simply pouring water From his wounds. From common images we see wounds to His hands and feet and even the spear wound to His side... But do we realize His wounds were actually made in his body. A hammer driving large nails through the wrist, the feet overlapped and an even larger nail hammered through the arches, then a Roman guard piercing His side with a spear. But before the nails and the spear Jesus was whipped and beaten. The whipping was so severe that it tore the flesh from His body. The beating so horrific that His face was torn and his beard ripped from His face. The crown of thorns cut deeply into His scalp. Most men would not have survived this torture. "He had no more blood to bleed out, only water poured from His wounds. The human adult body contains about 3.5 liters (just less than a gallon) of blood. Jesus poured all 3.5 liters of his blood; He had three nails hammered into His members; a crown of thorns on His head and, beyond that, a Roman soldier who stabbed a spear into His chest.. All these without mentioning the humiliation He suffered after carrying His own Cross for almost 2 kilometers, while the crowd spat in His face and threw stones (the cross was almost 30 kg of weight, only for its higher part, where His hands were nailed). Jesus had to endure this experience, to open the Gates of Heaven, So that you can have free access to God. So that your sins could be "washed" away. All of them, with no exception! Don't ignore this situation.

JESUS CHRIST DIED FOR YOU!

He died for you! It is easy to pass jokes or foolish photos by e-mail, but when it comes to God, sometimes you feel ashamed to forward to others because you are worried of what they may think about you. God has plans for you, show all your friends what He experienced to save you. Now think about this! May God bless your life!

60 Seconds with God... For the next 60 Seconds, set aside what you're doing and take This opportunity! Let's see if Satan can stop This.. All you have to do Is:

1. Simply Pray for the person who sent this message to you.

2. Then, send this message to people.. The more the better.

3. People will Pray for you and you will make that many people pray to God For other people.

4. Take a moment to appreciate the power of God in your life, for doing what pleases Him.

If you are not ashamed to do this, please, follow Jesus' instructions. He said (Matthew 10:32 & 33): "Everyone therefore who acknowledges me before others, I also will acknowledge before My Father in heaven; but whosoever denies Me before others, I also will deny before My Father in heaven".

Yes, I love God. He is my source of life and my Savior. He keeps me alive day and night.

Without Him, I am nothing, but with Him "I can do all things through Him who strengthens me". Philippians 4:13.

http://godfatherpolitics.com/9622/beretta-to-leave-maryland-if-gun-control-laws-passed/

posted 6 Hours Ago byGiacomo

Beretta to Leave Maryland if Gun Control Laws Passed

In 1526, Mastro Bartolomeo Beretta was paid to deliver 185 arquebus rifle barrels to the Arsenal of Venice.  An arquebus rifle was a long-barreled smooth-bore gun that was the precursor to modern rifles.  The Beretta products made at the time were extremely high quality precision arms for the day and the fledgling company quickly earned a reputation among the Republic of Venice.

Not long after, word spread of their craftsmanship through Italy and company grew.  Bartolomeo passed his craft on to his son Giovannino who passed it to his grandson Giovan Antonio.  Today, fifteen generations and nearly 500 years later, the Beretta family still owns and operates one of the most prestigious firearms company in the world.

In the later part of the 1800s, Beretta began to distribute their products internationally.  In the early 1900s, the company began to expand and opened up manufacturing facilities in a number of European countries.  In 1977-78, they expanded to the US.  Today, Beretta USA is headquartered in Accokeek, Maryland where it employs around 300 people.

The company has recently spent over $1 million in its plant in Maryland and has plans for further expansion.  But those plans are being put on hold.

Maryland Gov. Martin O’Malley (D) has proposed a bill that contains some strict gun control measures.  His bill would ban all assault and assault-style weapons, magazines that contain more than 10 rounds and any new gun that has two or more military-like features such as pistol grips, bayonet mounts, etc.

Currently, Beretta manufactures a 9mm pistol used by thousands of US military personnel and law enforcement officers.  The pistol also has a 13 round magazine.  If O’Malley’s bill becomes law, this pistol will be banned from the state of Maryland.  Beretta also has a prototype weapon they are about to produce that is a semi-automatic version of the ARX-160, but this gun would also be banned under the proposed law.

Consequently, Beretta USA has told the state legislature and Gov. O’Malley that they will leave Maryland and take their 300 jobs to another state if O’Malley’s bill becomes law.  In a statement released by Beretta’s general counsel, Jeffrey Reh: “Why expand in a place where the people who built the gun couldn’t buy it?”

Earlier this month, Reh testified before the Maryland legislature and reminded them that when Maryland began increasing gun restrictions, Beretta responded by moving its warehouse to Virginia.  Reh stated: “I think they thought we were bluffing, but Berettas don’t bluff.”

Beretta is not the only firearms company that has threatened to leave a state if they passed strict gun control laws.  In Colorado, Magpul and Alfred Manufacturing told the state legislature that they would leave if the gun control laws passed.  The Colorado laws were passed and now both companies are exploring possible new location sites for their facilities.

Democrats are so fired up over their disarm America agenda that they are willing to sacrifice jobs and revenue to accomplish their goals.  The saddest part is that the only real impact their laws will have is to make it easier and safer for criminals to commit violent crimes against unarmed citizens.

Who died before they collected Social Security?

Pay back the IOU’s to social security – cut presidential and congressional salaries and retirement – problem solved

 THIS IS SURE SOMETHING TO THINK ABOUT!!!!

THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!!

WHERE DID THAT MONEY GO?

Remember, not only did you and I contribute to Social Security but your employer did, too. It totaled 15% of your income before taxes.

If you averaged only $30K over your working life, that's close to $220,500.

Read that again.

Did you see where the Government paid in one single penny? We are talking about the money you and your employer put in a Government bank to insure you and I that we would have a retirement check from the money we put in, not the Government.

Now they are calling the money we put in an entitlement when we reach the age to take it back.

If you calculate the future invested value of $4,500 per year (yours & your employer's contribution) at a simple 5% interest (less than what the Government pays on the money that it borrows), after 49 years of working you'd have $892,919.98.

If you took out only 3% per year, you'd receive $26,787.60 per year and it would last better than 30 years (until you're 95 if you retire at age 65) and that's with no interest paid on that final amount on deposit!

If you bought an annuity and it paid 4% per year, you'd have a lifetime income of $2,976.40 per month.

Another thing with me.... I have two deceased husbands who died in their 50's, (one was 51 and the other one was 59 before one percent of their social security could be drawn.  I worked all my life and am drawing 100% on my own social security). Their S.S. money will never have one cent drawn from what they paid into S.S. all their lives.

THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID.

Entitlement my foot, I paid cash for my social security insurance!  Just because they borrowed the money for other government spending, doesn't make my benefits some kind of charity or handout!!

Remember Congressional benefits? --- free healthcare, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days.  Now that's welfare, and they have the nerve to call my social security retirement payments entitlements?

We're "broke" and we can't help our own Seniors, Veterans, Orphans, or Homeless.  Yet in the last few months we have provided aid to Haiti, Chile and Turkey.  And now Pakistan......home of bin Laden.

Literally, BILLIONS of DOLLARS!!!

And they can't help our own citizens in New York and New Jersey!

They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives, and now, when it's time for us to collect, the government is running out of money.

Why did the government borrow from it in the first place?

It was supposed to be in a locked box, not part of the general fund.

Sad isn't it.

99% of people won't have the guts to forward this.

Leroy & me

Here come da results of da Sequester..........

---

 Leroy & me

A guy stopped at a local gas station, and, after filling his tank, he paid the bill and bought a soft drink. He stood by his car to drink his cola and watched a couple of men working along the roadside. One man would dig a hole two or three feet deep and then move on. The other man came along behind him and filled in the hole. While one was digging a new hole, the other was 25 feet behind filling in the hole. The men worked right past the guy with the soft drink and went on down the road.

"I can't stand this," said the man tossing the can into a trash container and headed down the road toward the men.

"Hold it, hold it," he said to the men. "Can you tell me what's going on here with all this digging and refilling?"

"Well, we work for the government and we're just doing our job," one of the men said.

"But one of you is digging a hole and the other fills it up. You're not accomplishing anything. Aren't you wasting the taxpayers' money?"

"You don't understand, mister," one of the men said, leaning on his shovel and wiping his brow. "Normally there's three of us: me, Elmer and Leroy. I dig the hole, Elmer sticks in the tree, and Leroy here puts the dirt back. Elmer's job's been cut, so now it's just me an' Leroy

Bank of America Faces $10 BILLION Margin Call

Tom Heneghan explosive intelligence briefings ALL patriot Americans MUST know, with sources inside American/European intelligence agencies and INTERPOL, reporting what is really going on behind the scenes of the corporate-controlled, fascist, extortion-friendly propaganda U.S. media's massive deceptions
Monday February 25, 2013

Bank of America Faces $10 BILLION Margin Call

by Tom Heneghan
International Intelligence Expert

images ts3.mm.bing. net, pelicula-trailer. com

UNITED States of America - It can now be reported that the totally corrupt Bank of America faces a $10 BILLION margin call aka naked short positions in the Japanese yen and, at this hour, remains on margin call despite the request by the CME Group to pay up.

Item: Message to CME Group President Terry Duffy:

It is in your best interest to get Bank of America to meet their margin call and do it now before you discuss any merger with German trading exchanges because your convertible bonds that can be converted to common stock and used as collateral will be worthless.

Joe Weisenthal, Business Insider

PD Vice-President declaring that voters have "rebelled"

Note: Do not believe Bloomberg News story about a need for a second election in Italy. Both Silvio Berlusconi and Bersani can easily form a new government and, if a new election did take place, Berlusconi would win a massive landslide.

It is now clear that Bloomberg News and their radical homosexual owner Michael Bloomberg are total stooges of the Federal Reserve and the crooked banking interests that have looted the United States.

Evidence will soon surface fingering the extortion-friendly Bloomberg and his financial network to insider trading with soon to be indicted Steven Cohen of SAC Capital.

Reference: The Italian People have had it with crooked U.S. banks like JPMorgan Chase, U.S. Citibank and Bank of America running the government of Italy.

P.S. Bank of America and Bloomberg News stooge, crooked banker Mario Monti, is now history and will soon be cleaning out urinals at Bloomberg News.

image 3.bp.blogspot. com

P.P.S. In broad daylight today China began complete devaluation of their currency, the Chinese yuan, using Indonesian banks as their clearing agent.

Tonight we can expect China to complete total devaluation of the Chinese yuan in association with the National Bank of Taiwan.
 P.P.P.S. In closing, U.S. Treasury Secretary-designate Jack Lew is now in possession of the time and date for Wanta-Reagan-Mitterrand Protocol implementation and is working directly with IMF Managing Director Christine Lagarde to clean up the crooked bank derivatives that represent comingling of Wanta-Reagan-Mitterrand Protocol funds.image tribkswb.files.wordpress. com

Lew has made it clear that there is a major imbalance between the exchange rate of the Chinese yuan and the Japanese yen.

Stay tuned for future intelligence briefings in which we will explore the financial warfare now taking place between the Vatican Bank and JPMorgan Chase.

Finally, we can divulge that an NCAA investigation of four major Southeastern Conference football teams, that have been users of the banned substance, illegal performance enhancing drug IGF-1 is imminent.

http://www.myspace.com/tom_heneghan_intel/blog/546732463

Benjamin Fulford Video Update

The Rumor Mill News Reading Room 

Benjamin Fulford Video Update

Posted By: Jordon [Send E-Mail]
Date: Tuesday, 26-Feb-2013 10:06:44

. AltMediaTV - Benjamin Fulford on Feb. 25, 2013

Dad Kills Kids & Self: The Philip Marshall Story

Dad Kills Kids & Self: The Philip Marshall Story     February 26 2013 by Daniel Hopsicker  There are 27,386 books about the 9/11 attack being sold on  Amazon. The authors of 27,385 of them are still alive, or dead from natural causes. That leaves Philip Marshall, author of a self-published book about 9/11 called "The Big Bamboozle." In a small town in Northern California earlier this month, Marshall, a 56-year old ex-airline pilot, murdered his two children, Alex and Macaila, in their sleep, and then took his own life. That's what happened...at least if you believe the police. But there are others today encouraging the notion that the Marshall family tragedy was, instead, a sinister government 'black op.' Marshall, these people say, was in possession of secret knowledge about the 9/11 attack, which he was about to reveal to a waiting world. Is this just another unspeakable human tragedy, in a time, and a country, where such things have become all too commonplace? Or a fiendish government black op designed to keep 'we the people' from ever learning the truth?    Read the full story:     http://www.madcowprod.com/?p=3159  Support Daniel Hopsicker's investigative work by visiting the Web Store. Daniel Hopsicker's "Barry & 'the Boys'" remains much in demand even after its publication over ten years ago. After an awesome amount of requests he has printed a limited edition available with a donation exclusively online in the MadCow News Web Store. Daniel Hopsicker's new documentary 'The New American Drug Lords' is also available exclusively at the MadCow News Web Store. All of Mad Cow Press and Daniel Hopsicker's books and DVD's can be purchased online in the Store. We have a special of all 6 DVDs for $100. And if you haven't gotten your copy yet,  'Welcome to Terrorland' is still in print! Support Mad Cow Press and Daniel Hopsicker with a donation today.  Spread the word Forward this email to a friend.

A BLOG RESPONSE FROM BEN FULFORD!!!

Your latest

Ben:

If statements made by others are merely probable or possible disinformation and are no more than wild claims without any substantiating facts from witnesses or victims such as the two "sources" you offer in your latest article, your journalism and credibility continue to slip.

Why do you do this? You come off as borderline hysterical, especially when you claim Kerry is homosexual because he is a member of Skull and Bones.

I am tempted to think your mysterious sources in MI5 and the CIA are deliberately feeding you extreme BS knowing you will print it and thereby discredit any authentic revelations about the ones at the top.

If there is any truth to the White Dragon Society and the hope it can clean up the mess, please honor that

desperately-needed rescue with balanced statements
backed up with something more than the hate-filled rants of those who obviously hate Catholics, religion, royalty and the ultra rich.

And, please, temper your accusations re human sacrifice and pedophilia and homosexuality until you can provide reasonable proof. I fear you are becoming a laughing stock among the serious-minded.

Your thinking is so distorted, as revealed by your writing, that I have difficulty believing you have any real information at all.

I do wish you well and look forward to all you want for the world to come to pass. I want it too.

Cheers,
D



Thank you for your criticism. It is true that the agency sources I have can abuse the fact that I need to keep their identities secret in order to protect them from losing their jobs or their lives. However, whenever such sources feed me disinformation and I find out, I change my relationship of trust with them and stop using them as sources. 

One source in the story about Kerry being homosexual comes from the testimony of Kay Griggs, the wife of a US government assassin, and Skull and Bones member. She states that the initiation ceremony for Skull and Bones is a homosexual orgy.

Here is her testimony:
http://charlesfrith.blogspot.jp/2012/10/the-explosive-testimony-of-kay-griggs.html

As far as human sacrifice is concerned, there have been so many cases and witnesses emerging that it can no longer be dismissed. The testimony I got for human sacrifice and Balmoral Castle came from the late Lord Mountbatten, who was first cousin to the Queen. This has been corroborated by Leo Zagami of the P2 lodge and by MI5 agents (whose identity I cannot make public).  There is a lot more, and although the decent mind revolts at the possibility, do a bit of basic research and you will see it is true. For a biblical reference, please take a look at the Book of Ruth and you can see we are dealing with modern day Moabites. 

Also, please rest assured I have nothing against Catholics, Religion, Royalty or the Ultra-rich. There is no hate in my writing, only facts and statement made by others.
Finally, please refrain from slanderous phrases like "disinformation," "borderline hysterical," "hate-filled rants,"  "extreme BS," "laughing stock," etc. because you offer no proof. It exposes you as a likely paid shill for the cabal. They always attack the messenger without addressing the factual truth the messenger brings.

As far as the White Dragon Society is concerned, we have already gotten rid of the Pope, the Bushes, Queen Beatrix, the Rockefellers and we have only just begun. Humanity will be freed from criminal cabal rule. We are through talking, we are taking direct action. Believe it when you see it.

Ben

AMERICA IS NOT A DEMOCRACY! AMERICA IS A REPUBLIC!

 AMERICA IS NOT A DEMOCRACY!  

AMERICA IS A REPUBLIC! 

Only 10 minutes long, this video defines the differences between monarchy, oligarchy, anarchy, democracy and republic.
It tells you right where we are and what the designers of the Constitution really had in mind for us as a Republic.

http://www.youtube.com/watch?v=RhG4yJByfrE 

Now, if we only knew how to get it back.