10 Economic Disaster Stories the Leftist Media is Hiding From You | NewsReal Blog

2. George Soros is hoarding gold.

Early in  2010 George Soros, despite talking down gold as an investment in a series of sound bites, doubled his gold holdings. At the same, Soros-funded leftist groups and prominent Democrats, perhaps doing Soros' bidding, were busy attacking gold sellers and the idea of gold as a legitimate investment.

One would think this would pique a reporter's curiosity.

It is especially curious to see Soros buying the commodity he claimed was a bubble after he was on record talking about a "managed decline" of the dollar. Soros' goal of destroying global capitalism can only be achieved by destroying the U.S. dollar (which the Obama administration is doing now) and as the dollar is destroyed gold will become more and more valuable. As usual Soros is poised to enrich himself from the collapse of a currency he orchestrated, but the leftist media says nothing.

http://www.newsrealblog.com/2011/03/09/10-economic-disaster-stories-the-leftist-media-is-hiding-from-you-1/6/

10 Economic Disaster Stories the Leftist Media is Hiding From You | NewsReal Blog

3. It will take less than one month for America to collapse if trucks stop running.

In 2006 the American Trucking Association released a white paper that described what would happen if commercial truck traffic was disrupted for any reason. The report was called When Trucks Stop, America Stops and it shows just how vulnerable America is to even minor disruptions of goods. Trucks not only are essential to keeping supermarkets stocked due to our "just in time" inventory model, but bring the chemicals used to treat our water and the medical supplies to stock our hospitals.

The paper claims that food shortages would be seen within one day of trucks not running while hospitals would run out of catheters and syringes around the same time. Within two to three days ATMs will be empty and gas stations will be out of fuel. A week later hospitals would be out of oxygen and within four weeks no water coming out of a faucet would be safe to drink. It's a stunning report that you've probably never heard of.

But the implications of the report are wider than just the unlikely event of a full shut down of commercial traffic. What if high fuel prices put independent owner operators out of business and decrease the number of trucks on the road by 25%? The same vulnerabilities would come into play, causing shortages and price hikes. The last gas crisis we had came before the majority of businesses used the JIT system. If we see skyrocketing fuel prices now, will we see severe shortages at the stores as commercial truckers make fewer runs?

http://www.newsrealblog.com/2011/03/09/10-economic-disaster-stories-the-leftist-media-is-hiding-from-you-1/6/

10 Economic Disaster Stories the Leftist Media is Hiding From You | NewsReal Blog

4). Four out of every ten rows of corn go to fuel production

The anti-human greens are starving the world with their policies and nowhere is this more apparent than in the amount of the world's corn that's being diverted into fuel production. The stark immorality of radical environmentalism is on full display when you understand how our push for "clean fuel" is literally starving poor people worldwide.

From WSJ:

In 2001, only 7% of U.S. corn went for ethanol, or about 707 million bushels. By 2010, the ethanol share was 39.4%, or nearly five billion bushels out of total U.S. production of 12.45 billion bushels. Four of every 10 rows of corn now go to produce fuel for American cars or trucks, not food or feed.

This trend is the deliberate result of policies designed to subsidize ethanol. Note the surge in the middle of the last decade when Congress began to legislate renewable fuel mandates and many states banned MTBE, which had competed with ethanol but ran afoul of the green and corn lobbies.

This carve out of nearly half of the U.S. corn corp to fuel is increasing even as global food supply is struggling to meet rising demand. U.S. farmers account for about 39% of global corn production and about 16% of that crop is exported, so U.S. corn stocks can influence the world price. Chicago Board of Trade corn March futures recently hit 30-month highs of $6.67 a bushel, up from $4 a bushel a year ago.

Demand from developing nations like China is also playing a role in rising prices, and in our view so is the loose monetary policy of the U.S. Federal Reserve that has increased the price of nearly all commodities traded in dollars.

But reduced corn food supply undoubtedly matters. About 40% of U.S. corn production is used to produce feed for animals. As corn prices rise, beef, poultry and other prices rise, too. The price squeeze has already contributed to the bankruptcy of companies like Texas-based Pilgrim's Pride Corp. and Delaware-based poultry maker Townsends Inc. over the past few years.

This damage coincides with a growing consensus that ethanol achieves none of its alleged policy goals. Ethanol supporters claim the biofuel reduces U.S. dependence on foreign oil and provides a cleaner source of energy. But Cornell University scientist David Pimentel calculates that if the entire U.S. corn crop were devoted to ethanol production, it would satisfy only 4% of U.S. oil consumption.

In other words, a green pretension is making it more expensive for Americans to feed their families, destroying businesses, and starving people in the third world. The U.N. has already expressed concern about the ability of the world's poor to feed themselves due to high food prices, which I suppose is considered a small price to pay for "environmentally conscious" liberals.

Food riots have occurred with increasing frequency worldwide and rising food prices have played a role in the Middle East unrest. Yet the media continues to ignore the responsibility of silly and ineffective environmentalist policies in harming the ability of the poor to eat. It will take food riots here for the media to admit that using food as fuel is bad policy.

http://www.newsrealblog.com/2011/03/09/10-economic-disaster-stories-the-leftist-media-is-hiding-from-you-1/5/

10 Economic Disaster Stories the Leftist Media is Hiding From You | NewsReal Blog

5. 44,000,000 Americans are on food stamps.

The media is pushing the new jobs report that shows extremely modest gains in employment, but they aren't mentioning that while this "recovery" is on the way there are more people than ever on government assistance. The government's own numbers are chilling. They show that not only are more Americans than ever before in history getting food stamps, but that the number of people collecting those benefits is increasing each month.

You don't need to get into the arcane data points about how the government fudges employment data to see the problem here. Even if the government and the talking heads are right and we're in a recovery, it would be years, if not decades, before we get back to full employment at this pace. Meanwhile more and more people are dependent on a debt laden government for their income.

This trend is partly due to the Left promoting the idea of middle class entitlements, leading to outrages like City Year volunteers collecting food stamps. People with part time or off the books jobs are collecting food stamps because we've created a society where people think they have a "right" to taxpayers feeding them. But what happens when we run out of money?

For every person who got a job in February there were dozens collecting food stamps. If the media truly doesn't see this as a disaster waiting to happen I question their sanity.

http://www.newsrealblog.com/2011/03/09/10-economic-disaster-stories-the-leftist-media-is-hiding-from-you-1/5/

Capitalism Magazine - Shutdown

As usual, right on the money:

The current Congress faces the same risk. While it's important to cut programs and prove you're willing to do so, fiscal discipline is not the overriding purpose. Nancy Pelosi and fellow liberals are already arguing back that cutting government programs will result in the loss of jobs.
In some cases, this may actually be true, since government programs do require jobs and pay salaries. What's the Republican reply to this? It should be: "So what? Government has stolen that money from the private, productive sector. Instead of creating productive jobs in productive businesses that people want, government is taxing people to create jobs for political cronies and pressure groups."
If your sense of purpose stems from the value of individual rights, capitalism and limited government, you can make this argument. If your central purpose is nothing more than "fiscal discipline" and balancing the budget, you cannot.

Capitalism Magazine - Shutdown

Capitalism Magazine - Court Endorses "Thought Crime"

It is not for nothing that when the Obama administration proposes taking over the Internet, or when courts uphold the idea of “hate speech” or endorses the regulation of speech in schools and businesses and even in government itself, no one thinks it is Aldous “Huxleyian” or Thomas “Hobbesian.” It is immediately dubbed “Orwellian." In terms of totalitarian methods and ends, Orwell literally wrote the book.

So when I first read of U.S. District Court Judge Gladys Kessler’s recent ruling on Obamacare, in which she states, among other things, that “mental activity” can be treated as “commerce,” even if that activity does not lead to observable, demonstrable action, and that no distinction can be made between the actions of one’s mind and physical actions, I immediately recalled a statement in Orwell’s novel Nineteen-Eighty Four:

Thoughtcrime does not entail death: thoughtcrime IS death.*

Capitalism Magazine - Court Endorses "Thought Crime"

The American Spectator : Is Scott Walker the Next Calvin Coolidge?

That attention is coming Walker's way, it is impossible not to note, precisely for the same reason as it gravitated to Coolidge: a highly public -- and distinctly popular -- fight over the rights of bullying public employee unions. Taxpayer-funded unions that have deliberately targeted working families and the American middle class -- communicating a series of messages designed to infuriate: Your money or your kids. Your money or your safety. Your money or a phony doctor's excuse.

The American Spectator : Is Scott Walker the Next Calvin Coolidge?