I see an economic diasater coming...

[Magluvin]

Here is a little backup on that article I first posted the other day.  Believe or not.  ;]

http://theintelhub.com/2011/11/29/rand-paul-aims-to-kill-%E2%80%9Cindefinite-detention%E2%80%9D-provision-of-controversial-bill/

Excerpt...

With the bill expected to be up for a vote within 48 hours, Senator Rand Paul has offered an amendment to the National Defense Authorization Act that will kill a provision allowing the military to detain individuals, including American citizens, without trial or due process.

The “indefinite detention” sections of the NDAA bill would turn the whole of the United States into a “battlefield” and hand the executive branch the power to have the military arrest U.S. citizens and hold them without trial.

Mags

[Magluvin]

Looks like it doesnt matter who became president this term.....

http://theintelhub.com/2011/11/30/mccain-justifies-indefinite-detention-of-american-citizens-with-debunked-statistics-video/

Mags

[triffid]

Looks like Chinas growth is slowing down and that could take the rest of Europe and the USA down.  http://finance.yahoo.com/news/markets-focus-europe-china-may-190757262.html  triffid




China's move this week to keep its economy afloat isn't generating the big headlines that Europe's actions got, but is no less important in keeping the world's economic engine churning.[/size]
While coordinated action by the world's other central banks to enhance liquidity for Europe's banks stole the focus Wednesday, China's decision to cut reserve requirements for banks was even more important, some believe.[/size]
That's because the developed world has come to depend on China for a variety of reasons - from buying up American debt to providing loans to growing businesses to keeping its mighty manufacturing base growing.[/size]
Easing the amount of money banks have to keep on hand, as the People's Bank of China did with a lowering of the rate by half a percentage point, helps accomplish those goals by keeping the lending spigots flowing.[/size]

[triffid]

So Chinas manufacturing base is contracting for the first time in three years.
Easing the amount of money banks have to keep on hand, as the People's Bank of China did with a lowering of the rate by half a percentage point, helps accomplish those goals by keeping the lending spigots flowing.[/size]
"A change in the reserve requirement literally either frees up or delimits real lending by that nation's banks," hedge fund manager Dennis Gartman told subscribers to The Gartman Letter. "A lowering - or raising - of funding costs is a fly on the mule's skin, but a change in the reserve requirement is a board laid straight away to the mule's forehead."[/size]
[/size]
Worries over China's economic growth have come as a surprise. Whereas the nation actually had been trying to slow down and control inflation that peaked above 6 percent over the summer, it now finds itself fighting to avoid a slowdown triggered by the European crisis.[/size]
Fresh data Thursday showed the Chinese factory sector contracting for the first time in three years, as a purchasing managers' index slipped to 49.0, the lowest since February 2009.[/size]
Gartman asserted, then, that the change to the reserve rate requirement in China trumps the decision by six major central banks, including the U.S. Federal Reserve , to cut the interest rate charged for currency swaps. That move essentially lowers the cost of liquidity injections into areas, Europe in particular, that may need it should markets freeze up.[/size]

[triffid]

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