Thursday, November 13, 2014

11-13-14 Excellent Guests for Your Show

1. Wayne Allyn Root: Architects of Obamacare Deserve Prison
2. Lowell Ponte: Big Bank Bail-Ins vs. Bail-outs: Bad News in Disguise
3. Ivan Eland: The U.S. Should Give China Breathing Room to Rise Peacefully

Architects of Obamacare Deserve Prison

Let me read you the definition of "fraud" straight from the dictionary: Fraud: Act or course of deception, an intentional concealment, omission, or perversion of truth… Willful fraud is a criminal offense which calls for severe penalties, and its prosecution and punishment (like that of a murder) is not bound by the statute of limitations. Now let’s take a look at how Obamacare was sold. Almost one year ago, I asked: "Is President Obama Too Big to Jail?" I was referring primarily to the crime of fraud and misrepresentation used by Obama and his socialist cabal to sell Obamacare. [more...]

Big Bank Bail-Ins vs. Bail-outs: Bad News in Disguise

In the November 10 London Telegraph, James Titcomb reports that the chairman of the international Financial Stability Board Mark Carney, Governor of the Bank of England, reveals how future bank problems will be handled. His plan is that future problems in banks that are "too big to fail" will never again end in government bailouts using taxpayer money. Instead, as Craig Smith and I explained in our latest book, Don't Bank On It! The Unsafe World of 21st Century Banking, governments will employ "bail ins" forcing what he calls "creditors" of various kinds to bear banks' losses. This seemingly good news, however, conveniently neglects to reveal who all these "creditors" are. It turns out that they include mere bank employees, whose income and pensions may get a "haircut" to cover bank shortfalls. Those stuck paying for bank shortcomings may also include customers - depositors who do not understand that when they opened a bank account, they were in effect lending their money to a bank and getting in return only an IOU. [more...]

The U.S. Should Give China Breathing Room to Rise Peacefully

As President Obama visited China, he insisted that the U.S. welcomed China's rise and wanted that country to play a bigger role in regional and global affairs; but that rhetoric is largely hokum. The United States has been either the premier superpower or the only superpower in the world since World War II, exercising an outsize role in global and East Asian Affairs. In world history, many times rising powers have had tensions or conflict with status quo or declining powers, because the latter resist a more equal relationship with the new "upstart." America is no exception. [more...]

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