Posted on 03/21/2014 11:51:08 AM PDT by Rusty0604
Putin loves to see that the wacko environmentalists have so much control over our politicians. If I didn’t know better, I’d say they were part of the communist manifesto.
Maybe this will help the Euros get over their deathly fear of fracking...
And if the dollar stops being the world’s reserve currency, we’ll suddenly no longer be able to print money. We’ll have to live within our means.
With the Obamanation in control, that means DoD will be practically disbanded in favor of socialist programs.
But even worse, when all those outstanding treasuries come due and we can’t pay up...
This will certainly be embarrassing for the 1st Lady.
And if the dollar stops being the world’s reserve currency,
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because of the fracking boom—that possibility is now off the table.
however, fracking is producing much more federal revenues—so the deficit is rapidly shrinking. If the deficit keeps shrinking at the current rate—the federal budget will balance in a couple years.
the terrible thing about this is that the democrats will have learned all the wrong lessons. they’ll credit obama with the balanced budget just as they did clinton after his budget balanced. this the hateful disgusting thing about this good news.
Not only this, but in a few years, Gazprom along with Exxon will open a colossal LNG export facility in Vladivostok to bring gas to Japan and South Korea. Look at the numbers, it will be like a Niagara Falls of cash. Anyone who thinks that Exxon is going to allow the US gov’t to cause them to lose their 20% share of that multi-billion dollar annual revenue stream is crazy. Some of that money will be going to Exxon’s shareholders, ie the entire US establishment - the Carlyle Group, Blackstone etc. Those two funds are the where the people who really run America have their money. Watch what they do more than anything.
BTW, the Russian far east will see massive investment from Asian countries in the coming years. Germany will continue massive investments in Russia no matter what. Germany is involved in practically every industry in Russia. Iceland is also investing in building up Russia’s enormous geothermal energy potential. Much of the far east can be powered by geothermal the way that world leader in the field Iceland is. South Korea is investing tidal power in Russia, a field they are the leader in. You could go on and with examples of the countries that stand to make money in Russia. They can get all the markets and investment they need from countries that will never join US lead boycotts.
These facts are why Russia’s leaders are so confident and don’t care about threats of sanctions. Remember that only the English speaking countries are really serious about confronting Russia. Our “European allies” are just pretending they care like they always do. They are not going to blow up what’s left of their economies to promote what they consider in private to be “Anglo-Saxon imperialism.”
I hope no one here believes this nonsense that Russia is going to be destroyed by more natural gas production five years from now.
If you want a reality check, look into who has the contracts to develop Iraq’s oil and gas fields post-US invasion. That should tell you all you need to know about how effective our government is in leveraging US power to support US interests.
Parts of the far east are growing in population. Russia has stabilized it’s population loss and is settling the east and other vulnerable areas with Cossacks and other traditional types that are patriotic and have large families. Unlike Americans or Europeans, these people are organized along tribal lines have their own militias. The idea is to not rely on the power of the state alone to protect Russian territory, but to settle the land with people who will be hard to dislodge by temporary foreign incursions. Russia’s leaders are thinking far into the future.
Russia will do anything necessary to protect its territory, including “population transfers” of non-loyal people. They would not hesitate to deport all Chinese or Muslims or whoever from Russia if they thought it were necessary.
“There are two ways a nation can use economic growth to reduce budget deficits. The first method is to participate in economic growth, with a growing economy increasing tax collections. A second method is to raise taxes so drastically that they consume all economic growth.
The United States government recently announced it has some great news - a fast moving economic recovery is slashing the size of the deficit.
The real economy (if we accept official US government inflation rates) grew by only 6.7% over three years, while the federal government’s real take of that economy rose by a remarkable 21.9%. Because 6.7% in economic growth is only equal to 31% of the total 21.9% increase in tax revenues, this means that economic growth only accounted for 31% of real tax growth, while it was the increase in tax rates that generated the other 69%.
So while the reduction in deficit is being presented as increased revenues from a surging economy, in fact more than 2/3 of the growth in tax receipts was simply from raising taxes.”
http://danielamerman.com/articles/2014/RealDefC.html
And approve the XL pipeline.
Oh, and I saw an article that said Soros is recommending Obama sell our strategic oil reserves to push the price down, and that would teach Putin a lesson!
Green on the outside, red on the inside.
Soros: ‘Stupid is as stupid does’...just one more rich idiot.
Did they finally figure out to build solar power where there is sun and windmills where there is wind?
She might have to sell her clothes at a consignment shop.
They are already taking credit for the deficit reduction and taking credit for the increased oil production. The “people” are not informed that it is happening in spite of Obama’s policies.
They are already taking credit for the deficit reduction and taking credit for the increased oil production. The “people” are not informed that it is happening in spite of Obama’s policies.
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Its pretty much the same thing as happened in the 90’s. The economy and the stock market produced and enormous amount of new revenue for the federal government...while newt’s congress efforts merely kept government spending from growing. Clinton fought newt tooth and nail and creamed him for newt’s efforts and then took credit for the balanced budget.
Something similar is in the offing but I don’t think obama is going to remembered as kindly as clinton because except in very blue states— he’s killing democrats on the state and local level.
So while the reduction in deficit is being presented as increased revenues from a surging economy, in fact more than 2/3 of the growth in tax receipts was simply from raising taxes.”
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I don’t know what deficit reduction was prior to 2012-2013 but in that year the deficit fell from 1 trillion to about 680 billion.
My understanding was that 100 billion of that came from tax increases, 100 billion came from increased stock market revenues, 100 billion came from increased fracking related oil/gas revenues.
This year the deficit is slated to decrease another 200 billion. I think from equal parts increased fracking related oil/gas revenues and increased stock market revenues.
And Clinton got credit for the tech boomprosperity. The boom went bust just as Bush came into office and the Democrats blame it on him.
Don’t forget that the year of the recovery act is when the deficit was jacked up to over a trillion.
That’s like a store that originally marks an item very high, then when the put it on sale the customers are fooled into believing they are getting a good deal.
I agree with you that our increased oil production is a good thing and I hope we keep it up. But I don’t think everything is as rosy as they would have us believe.
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