Legendary investor Warren Buffett is bullish on the country's economic future, exuberantly telling shareholders in his annual letter that the country's "best days lie ahead."
The Oracle of Omaha, who is one of the most widely followed and influential financiers, predicted current hardships are merely a hiccup in the country's long tradition of innovation and growth.
"Money will always flow towards opportunity, and there is an abundance of that in America," he wrote in the 26-page report.
See the full article here:
http://www.nypost.com/p/news/business/oracle_of_omaha_sees_bright_us_future_t0cjmH9uEoLidsRakqbSSI#ixzz1F9g9v6eK
At the beginning of 2011, USA Today reported a forecast by Ned Davis Research which said the S&P 500 will make a run at the 2007 high of 1,565, but hit a "midyear peak." Then it will crash as interest rates rise.
The Wall Street Journal says, "Inflation jitters spread through emerging markets, prompting China’s central bank to raise interest rate for the third time in four months amid worries that a drought threatening the country’s wheat crop will put further pressure on global food prices."
With commodity prices rising rapidly, all the rationalizations Wall Street uses to keep the Federal Reserve’s interest rates low are rapidly vaporizing.
Jeremy Grantham, whose firm manages $107 billion: "... you should pull back from the market as it advances into dangerously overpriced territory ... by October 1 you should probably be thinking much more conservatively."
Translation: Get the heck out of Wall Street’s stock market casino soon, maybe as early as July 4th, and definitely get out by Christmas.
See the full article here: http://www.marketwatch.com/story/market-crash-2011-it-will-hit-by-christmas-2011-02-22?pagenumber=1
Terrence Aym - Salem-News.com
NASA has been warning about it, scientific papers have been written about it, geologists have seen its traces in rock strata and ice core samples.
Now "it" is here: an unstoppable magnetic pole shift that has sped up and is causing life-threatening havoc with the world's weather.
Forget about global warming, man-made or natural, what drives planetary weather patterns is the climate and what drives the climate is the sun's magnetosphere and its electromagnetic interaction with a planet's own magnetic field.
When the field shifts, when it fluctuates, when it goes into flux and begins to become unstable anything can happen. And what normally happens is that all hell breaks loose.
See the complete article here:http://www.salem-news.com/articles/february042011/globaltemp.php
See the video here:
http://www.mrc.org/biasalert/2010/20101230024648.aspx
Ezra Klein is proof that even cosmic-sized ignorance can find an audience. Recently on MSNBC, he incredibly announced that the Constitution “has no binding power on anything” and continued to assert that the Constitution is confusing because it’s over 100 years old. Wow! It’s hard to believe that even MSNBC could lend any credence to such a view.
Bill Maher and so many others on the left like to blanket the American populace with stupidity. Then apparently Ezra Klein represents high intellect on the left, huh?
Ezra Klein would be confused by the following quote, since it was made over 100 years ago, but Patrick Henry in 1775 wrote “…give me liberty or give me death.” It’s doubtful Ezra Klein would ever possess the passion to die for anything, but I’d like to “de-confuse” it for him. Passionate people prefer freedom over governmental tyranny, even if the alternative is death.
Oh, maybe that’s still confusing for you, Ezra. Well, let’s see…
let me put it this way: I will be free, even if it kills me! Or as the state motto of New Hampshire puts it, “Live free or die.”
Did you know the US has a Mini-Shuttle? Now you do. The Orbital Test Vehicle, also known as the X-37B, touched down recently at California’s Vandenberg Air Force Base, becoming the first U.S. vehicle to make an autonomous runway landing from space.
The military won't say what the X-37B was doing during its seven-plus months in space, but officials intend to launch a second X-37B vehicle in 2011. The vehicle expected to fly in the spring is a second spacecraft, but the idea is to cut down the time needed for servicing the space planes from months to days -- and at a fraction of the cost NASA pays to get its shuttles ready for flight.
Read more here:
http://news.discovery.com/space/secret-mini-shuttle-lands-in-california.html
I recently received an email soliciting funds to help Palestinian farmers. Now, I’m not a hardhearted person but it seems to me that the oil-rich Arab states should take care of the Palestinians. We (US citizens) need to take care of American farmers. I replied with this article:
Save the farms and feed millions or
save the smelt and kill the farms?
FRESNO, Calif. — A federal judge recently turned down California farmers' emergency request to suspend water pumping restrictions in the state's delta. The restrictions were put in place to protect the smelt, a finger-sized fish.
Farmers across the fertile San Joaquin Valley argued those restrictions have caused hundreds of millions of dollars in crop losses as the shortages have forced them to fallow their fields and lay off thousands of farm workers. The farms produce half the nation's fruits and vegetables.
"We can't plant any of our annual crops until we know what kind of water supply we're going to get," said Don Devine, a Fresno farmer who grows organic sweet corn and cantaloupes on the valley's dry west side. "It's a heartbreaker to have to lay people off, but we've had no choice because there's no water."
---------------------------------------------------
Here is another example of government restrictions on landowners:
Rain that falls on private property is not considered to be "owned" by the landholder in all states, making rainwater collection potentially illegal. Several Western states and Alaska have regions that require homeowners to get permits first, and in Utah catchment is prohibited.
"We gather, with friendship and respect, to reaffirm that pledge, and to renew our determination to stand together in the pursuit of freedom and peace. We come to express our appreciation for a faith that has enriched civilization for centuries." - George W. Bush at the re-dedication of the Washington Islamic Center, June 2007.
Ghazi Mustafa Kemal Pasha (born in 1881) was a mass murderer of non-Muslims. His successful jihad of 1919-1922 killed or expelled nearly all non-Muslims from Asia Minor. The honorary Ottoman title of "ghazi" is interpreted to mean "Allah's victorious warrior", "destroyer of Christians", and "successful defender of Islam".
