Full On War In Israel
So much for yesterday’s relative calm in the Gaza Strip.
Just one day after reports Israel was considering the resumption of attacks as well as assassinations, Israel assassinated the top military commander in the Gaza Strip, and launched several other attacks killing multiple Palestinians and sparking rounds of retaliation fire that have the strip on the brink of war.
The United States is advising citizens inside southern Israel to “take appropriate measures” as the fighting escalates, and has ordered embassy personnel to take shelter and curb all non-essential travel to the southern part of the nation.
Is Israel leading the U.S. into war? A retired top former Israeli general seems to think that perception could, if the U.S. goes to war with Iran, do damage to the Israeli-American relationship. “What I am mainly concerned of is a scenario where the United states is dragged into a war with Iran and the perception in the United States is that Israel dragged it into this war,” said Israeli Brig. Gen. (ret.) Shlomo Brom at a Friday event at the Center For American Progress (where I used to work) in Washington.
It’s hard not to see why Americans might have this perception: for months now, Israeli Prime Minister Benjamin Netanyahu led a very public campaign to push the U.S. to shift its trigger for war on Iran to a nuclear weapon “capability.” Capability is ill-defined, but this much seems clear: it is a lower threshold for war than Iranian weapons production, where the Obama administration has its red line.
Israel Launches Full-Scale Military Offensive in Gaza “Pillar of Defense” after Drones Assassinate Hamas Chief of Staff. HAMAS: STRIKE ‘OPENED THE GATES OF HELL’…. Top Hamas Commander Killed In The Air Strike
The Obama administration’s plans to hike taxes on the wealthiest 2 percent of the population will do little to solve the country’s fiscal imbalances and do nothing to avoid economic depression that looms large for the economy, said Peter Morici, a professor at the Robert H. Smith School of Business at the University of Maryland.
One solution championed by congressional Democrats and the White House involves allowing tax cuts to expire for the wealthiest 2 percent of Americans to help narrow deficits.
“To avert calamity, President Obama and House Republicans likely will compromise to raise taxes on high-income Americans by $100 billion to $150 billion, curb spending an equal amount and renew the Bush tax cuts for families earning less than $250,000,” Morici wrote.
“This will hardly be enough to right the nation’s shaky finances.”
Failure to address deep-rooted fiscal imbalances could seriously damage the U.S. economy.
“A second Great Depression would grip the nation,” Morici wrote.
The vast majority of Americans are now worried about this
Most Americans are worried inflation may be just around the corner, according to a new poll by Rasmussen Reports commissioned in the days after the election.
Overall, 76% of those polled said they are concerned about inflation. Of that number, 48% said they were “very concerned.”
Groceries seem to be a bellwether indicator of inflation for many Americans, as 83% of those surveyed said they paid more for groceries this year and 64% are convinced prices will continue to increase over the next year.
Among the 1,000 Americans polled…
by AGXIIK, Silver Doctors:
With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013.
As of January 2013 the FDIC stops offering 100% coverage for all insured deposits. That amounts to $1.6 trillion in deposits, 85-90% deposited with the TBTF mega banks. Once the insurance ramps back to $250,000 the FDIC risk amelioration offered to large depositors will cause them to flee from the insecurity of the much reduced FDIC coverage. This money will rotate immediately into short term Treasury securities. The treasury, in order to handle this flood of money, will immediately offer negative interest rates. This financing will resemble the .5% negative interest rate offered by the Swiss and Germans on the funds flooding to their banks from Spain, Greece and Italy.
This will be a bank run much larger than the Euro banks flight to safety.
Did Civil War Just Become Inevitable?
It will take nothing short of Divine Intervention or civil war to save America
by Eirk Rush, CFP
So… Barack Obama won re-election to the office of President of the United States, and Republican challenger Mitt Romney has slipped into obscurity faster than any candidate I’ve ever seen. Aside from futile, quasi-navel gazing posturing on the part of Congress over the “fiscal cliff” upon which the American economy is perched, news coverage since the election has been rife with diversion and non-issues.
We’re already sick of hearing autopsies of the Romney campaign. Suffice it to say that there is a host of reasons that Romney should not have been the GOP nominee, and that he could have run his campaign better. For years, conservatives have been driving home the point that when the Republican Party wants to win, it should advance conservative candidates, which Romney was most assuredly not. They have also rightly pointed out that Romney did not run on any of the party base’s core principles, thus failing to provide a distinction between him and Obama.
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