Sunday, March 27, 2011

The Fall of the American Empire

[I'm pinching stuff from other web sites again. This is from - HAC]

Syria – Syria is a key player in the Middle East. They share a border with Israel and are a close ally of Iran. They are facing a possible revolt there as in the other Middle East nations with Arab populations. The military is needed to suppress such a revolution and the military is about 74% Sunni. Those seeking the revolt are Sunni. If the military sides with the Sunni protestors, it's over for Assad. Assad and his people in power are part of the Allawite sect of Muslims. Syrian troops have been gunning down protestors with veracity. Assad is now weak and may take the Bahrain option and ask Saudi Arabia for military help. The Saudis are Sunnis, so this could have implications for them. Iran could also assist Syria since they enjoy them as an ally. Expect oil prices to rise even more. Israeli and Saudi leaders are going to meet in Moscow to talk.

Note that Obama is out of all this. He really is viewed as irrelevant. All three countries are uncomfortable with Obama meddling in the Middle East.

Israel – Netanyahu said that Israel is ready to act with full force to stop missile attacks launched from the Gaza strip.

Gold and Silver Racing Up, the Dollar Falling – Well with Obama what can you expect. This week Gold hit a new record high of $1447.40 and silver hit $38.13. This was silvers highest price in 31 years.

General Electric Profits of $14.2 Billion and No Taxes - $5.1 billion of this came from USA operations as well. GE is expert at lobbying for tax breaks. Over the last decade, G.E. has spent tens of millions of dollars to push for changes in tax law, from more generous depreciation schedules on jet engines to “green energy” credits for its wind turbines. But the most lucrative of these measures allows G.E. to operate a vast leasing and lending business abroad with profits that face little foreign taxes and no American taxes as long as the money remains overseas. While the financial crisis led G.E. to post a loss in the United States in 2009, regulatory filings show that in the last five years, G.E. has accumulated $26 billion in American profits, and received a net tax benefit from the I.R.S. of $4.1 billion. No taxes.

Experts Warn Gasoline Will Hit $5.00 gallon by Summer – Gas prices usually spike in the summer. They wait for people to book vacations and then sock it to them. A trend that has a history for many years. People are paying an average of $3.99 per gallon in California, Hawaii $4.18 and Alaska is at $4.036. Five dollar gas is on the way. This will cause more unemployment, more inflation and a lower standard of living.

250,000 In London Streets Protest – Sadly they are protesting spending cuts. This shows their enlightenment level is fairly low. They are striving for social benefits versus sound money and freedom. They did break into a bank, hurl paint bombs and toss ammonia filled light bulbs. Looks like they are serious.

Former Dallas FBI Veteran Get Two Years – He tried to acquire weapons to kill his former boss. He was making $140,000 a year an an FBI agent about one year ago.

Connecticut State Trooper Threatens To Arrest a Judge – The beef was over the judge failing to sign an arrest warrant.

Pennsylvania State Trooper Arrested for Drugs and Stealing Money – The guy stole money from traffic stop victims and had drug paraphernalia on him.

I guess the USA has already become a third world countr. We just havenh't realized it.


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