Monday, September 30, 2013

Government Shutdown: The Next Step In The Collapse Of The Dollar?

Monday, September 30, 2013 

Government Shutdown: The Next Step In The Collapse Of The Dollar?

There is a considerable amount of debate in alternative economic circles as to whether a federal government shutdown would be a “good thing” or a “bad thing”.  Frankly, even I am partially conflicted.  I love to read mainstream news stories about how a shutdown in the capital would be “horrible” because Barack Obama might have to reduce the White House cleaning staff and wash his own laundry: *LINK

It’s about time that sellout bastard did something to clean up his own act.  I also love the idea of the federal government out of the picture and removed from the U.S. dynamic.  Americans need to learn again how to live without the nanny state, even if only for a few weeks, and what better way than to go cold turkey.  I can hear the tortured sobs of the socialists now, crying for their SNAP cards and low grade government healthcare.  It’s like…beautiful music…

That said, as much as centralized government needs to be erased from the face of the planet, there are, indeed, consequences that must be dealt with.  It is foolish to believe otherwise.  No social system, and I mean NO SOCIAL SYSTEM, changes without pain to the population.  I am not among those that cheer a federal shutdown, because I understand that the only people to ultimately feel suffering will be average citizens, not the establishment itself.  The sheeple may be ignorant and blind, but no one deserves the kind of unmitigated hellfire that could rain down upon our country if a shutdown continues for an extended period of time.  Call me a humanitarian…

As I write this, mainstream media projections estimate a 90% chance of government shutdown by midnight on September 30th.  Though technically, government funds will not run out until October 17th: *LINK

We have dealt with this kind of talk before over the past few years, and it’s interesting to see the kind of cynicism that has developed over the idea of a shutdown event.  After all, the last time a government shutdown occurred was at the end of 1995, lasting only a couple of weeks into 1996.  The GOP has folded so many times over the U.S. budget and debt ceiling that most of the public expects they will obviously do it again.  It is certainly possible that the Republicans will roll over, however, I am not so sure of that this time around.  Why?  Not because Obamacare is on the table.  Obamacare is just a distraction.  

No, I’m far more interested in the circumstances surrounding the U.S. dollar.

Obamacare is designed to fail.  Anyone with any financial or mathematical sense could look at the real national debt and deficit projections of the U.S. and understand that there is no money and never will be enough money to fund universal healthcare.  The GOP could simply let the program take effect, sit back, and watch it crash and burn over the next three to five years.  This would entail, though, watching the whole of our economy crash and burn with it.

What we have developing in front of us is the recipe for a new false paradigm.  Already, the MSM is discussing the possibility of debt default and who will be responsible under such circumstances.  Not surprisingly “Tea Party” conservatives have been named the primary culprits if a shutdown goes south; even former Democratic president Bill Clinton is getting in on the blame game: *LINK

All the bickering over Obamacare is fascinating, I’m sure, but lets set the Affordable Care Act aside for a moment and look at the bigger and more important picture.  The private Federal Reserve Bank has just announced to much surprise a complete reversal on its suggested QE “taper” measures, resulting in a shocked and confused marketplace.  If the U.S. fiscal system is stable and sound, as the Fed has been suggesting for the past year, then why continue stimulus measures at all?  Could it be that most if not all positive economic numbers released by the Fed and the Labor Department are actually fake, and that investors have been duped into assuming overall growth when America is actually in an accelerated decline?   Wouldn’t that be a high speed excrement storm straight out of left field!

The first day rally over the Fed announcement faded quickly, resulting in a slow bleed of the Dow ever since.  The magic of Fed stimulus is wearing off, and the investment world is not happy.  If I were a member of the Federal Reserve Bank, I suppose I would appreciate a large scale distraction designed to take attention away from me and my elitist club-mates as the primary culprits behind the greatest currency implosion in the history of the world.

Sadly, a government shutdown is sizable threat to the American financial system, and few people seem to get it.  Perhaps because the expectation is that any shutdown would only be a short term concern.  And, this assumption might be correct.  But, if a shutdown takes place, and, if “gridlock” continues for an extended period of time, I have little doubt that the U.S economy will experience renewed crisis.  Here’s why:

Exponential Debt

Obamacare only tops a long list of already existing “unfunded liabilities” (otherwise known as entitlement programs).  These programs are not counted in the government’s official calculations of national debt or deficit spending, but they cost taxpayers money all the same.  True deficit costs and national debt costs expand every year without fail.  If the debt ceiling does not rise in accordance with this exponential debt, a default is inevitable.  No amount of increased taxes could ever fill the black hole already created by negative government spending.

A long term government shutdown will eventually require cuts in entitlements, if not a total overhaul of certain aid programs.  

Imagine an end to all disability payments, including veterans disability payments.  Imagine federal employee pensions put on hold for an undesignated period of time.  Imagine food stamps placed on hiatus for 50 million people.  Imagine how many states now rely on federal funding just to keep municipalities from bankruptcy.  Get the picture now?

End Of Foreign Faith In U.S. Treasuries

In a disgusting display of propaganda, media outlet Reuters has released an article claiming that, default or not, Asian investors and central banks are “hostage” to U.S. debt:*LINK

Their argument essentially revolves around the lie that Asian investors believe an American default to be “unthinkable”.  Surely, the unnamed Japanese investment source they cite as an “insider” truly represents the whole of Asia.

The reality is, the Asians (the Chinese in particular) have been preparing for a calamity in the U.S. Treasury market for years.

Most foreign investors in U.S. Treasuries have converted their long term bond holdings to short term bond holdings; meaning, they are ready to liquidate their bonds at a moment’s notice.  Overall purchase levels of treasuries are either static, or falling depending on the nation involved.

China has been internationalizing its currency, the Yuan, since 2005.  China has opened Yuan “clearing houses in multiple countries to allow faster convertibility of the Yuan, quietly supplanting the dollar as the world reserve currency.  These clearing houses now exist in London, Hong Kong, Singapore, Taiwan, and Kenya.  The Federal Reserve and international banks like JP Morgan are heavily involved in the internationalization of the Yuan.

The assertion that Asia is somehow hostage to U.S. debt is a lie beyond all proportions.  In truth, the U.S. economy is actually hostage to Asian holdings of U.S. debt.  A call for a dump of U.S. treasury bonds by China, for example, in the face of a U.S. default, would immediately result in a global chain reaction ending in the destruction of the dollar as the world reserve currency.  This is not speculation, this is mathematical fact.  China is not going to sit back and do nothing while their investment in U.S. debt quickly disintegrates.  Why would they take the chance when they could could just sell, sell, sell!

The very idea that Reuters is attempting to twist the fundamentals surrounding a default event leads me to believe a default event may be preordained.

What Will Be Defunded?

Non-essential personnel (which apparently includes Obama’s maids), will be the first to receive a pink slip from the federal government.  Extra Pentagon staff, EPA staff, FDA staff, IRS staff, etc will all be cut.  Good riddance.  But what will follow will not be so pleasant.

If a shutdown stretches for months, expect cuts in all support programs and entitlements.  Veterans disability checks, social security, Medicare, employee pensions, even the Postal Service is likely to undergo defunding.  National Parks, and schools that receive federal aid will discover immediate cash-loss.  In fact, any state or city that relies on federal funds should plan for the possibility that those funds will disappear.

Military cuts would be at the bottom of the list, but I would not discount the chance of that either.

It cannot be denied; an enormous subsection of the American public is dependent on federal money.  If that money dries up, chaos will ensue.  I don’t like it, but it is a concern.

Controlled Reaction

A long term shutdown will be catastrophe no matter how you slice it.  Foreign creditors will react harshly.  The bond market will see a haircut not unlike that given to investors in Greek treasuries.  Austerity will become an American way of life.  The only mitigating factor will be the Federal Reserve, which I believe may institute “extraordinary measures” without congressional consent in order to continue feeding stimulus into government regardless of whether the debt ceiling is raised or not.  Given enough desperation, the American public might even applaud such an action and praise the Fed as “heroic”.

In this situation, the U.S. would be facing a Weimar-style currency collapse, rather than a debt default.  But in either scenario, the dollar is the final target.

Unfortunately, too many economic analysts presume that the only threat to the dollar’s value is hyperinflation (these are the same people that quote the Fed’s crooked CPI numbers).  But the dollar is just as vulnerable to a debt default and loss of reserve status.  Devaluation seems to be inevitable regardless of the outcome of the funding debate.

The Republicans could still surrender, and even if they don’t, real damages will not be felt until after October 17th.  This is plenty of time to manipulate the public into demanding more spending even when more spending is not in our best interests in the long term.  Our greatest concern, though, should be whether or not the establishment is ready to pull the plug on the dollar altogether, using the debt ceiling crisis as cover in order to distract away from the involvement of international banks in the overall problem.  There is no doubt given the facts at hand that America is on the edge of a terrible pyre.  Is this the event that will finally trigger collapse?  We’ll know more in a week…


Iraq looking with Qatar and Saudi Arabia to end the violence and political stability and parliamentary elections

October 1, 2013

Iraq looking with Qatar and Saudi Arabia to end the violence and political stability and parliamentary elections

BAGHDAD - Search and Iraqi Foreign Minister Hoshyar Zebari, on Tuesday, with my Foreign Qatar, Saudi Arabia, ending violence Iraq and prepare for parliamentary elections and political stability, and while stressing the need to activate the relations in the political, trade and economic, he pointed to the importance of taking measures to ensure to overcome obstacles between Baghdad and Riyadh and Doha. 

The Foreign Ministry said in a statement seen by «Conference» The «Minister Hoshyar Zebari reviewed in the framework of the meetings conducted on the sidelines of sixty-eighth session of the General Assembly in New York, with the Minister of Foreign Affairs of Saudi Arabia Saud al-Faisal relations between Iraq and Saudi Arabia in the political, economic and trade». 

The ministry added that «Zebari stressed the need to activate the form in which relations helps to overcome the obstacles that might hinder the process, and the importance of taking action to facilitate two-way trade between the two countries. 

In a related context, the ministry pointed out that «Zebari met on the same day, Minister of Foreign Affairs of the State of Qatar Khalid bin Mohammed Al-Attiyah and discussed with him the fraternal relations between the two countries and ways of strengthening them. 

The ministry stressed that «the meeting saw addressed to the political process in Iraq and the ongoing preparations for the legislative elections to be held in Iraq in April of next year, and its role in ending the violence and achieving political stability.


Iraq and World Bank .. Iraq's Darraji heads the delegation of the Ministry of Construction Co in private meetings with World Bank projects in Turkey

Related articles ..

Iraq participates in meetings of the World Bank's projects in Turkey

Iraq and The World Bank Articles of Interest ...


Darraji heads the delegation of the Ministry of Construction Co in private meetings with World Bank projects in Turkey

Baghdad - Chaired by the Minister of Construction and Housing Mohammad Darraji, on Monday, the ministry delegation to attend the meetings of the World Bank's projects in Turkey.

He said Darraji in a statement received / Baghdadi News /, a copy of "meetings held with representatives of the World Bank delegation in Turkey focused on the draft transport corridors in Iraq, including the dry canal project which includes the rehabilitation of Highway No. 1, which extends from the province Basra to Baghdad in the direction of the Jordanian border and the project of establishing Highway No. (2), which stretches from Baghdad to the Turkish border and mass transport project and the dry canal that would traffic development in Iraq.

"The ministry is currently implementing a number of projects financed by the World Bank in a number of provinces, including the rehabilitation of Highway (Baghdad - gray) and Road Project (Umm Qasr - Zubair), in addition to the establishment of a number of bridges projects.


Baghdad Council hosts security leaders Tuesday

Monday, September 30, 2013

Baghdad Council hosts security leaders Tuesday

A source in the province of Baghdad, on Monday, that the Council's security committee tomorrow will host the leaders of the police and intelligence services, traffic and civil defense against the backdrop of the bloody bombings that hit the capital.

The source said in a statement to / Baghdadi news / "The Security Committee of the Baghdad provincial council tomorrow will host the leaders of the police and intelligence services, traffic and civil defense against the backdrop of the bloody bombings that hit the capital.

The security forces announced earlier in the maximum state of alert after a series of explosions rocked different parts of the capital Baghdad and claimed the lives of hundreds of martyrs and wounded.


Parliamentary economy: infrastructure law will pass in the current legislative term

Monday, September 30, 2013

Parliamentary economy: infrastructure law will pass in the current legislative term

Baghdad - Commission announced parliamentary economy and investment, on Monday, near the completion of the drafting of the law of infrastructure, noting that the law will vote before the end of the current legislative term.

Committee member said Aziz Mayahi in a press statement received copy of "law was reduced by the committees and education services earlier in the sectors of education, building schools and health sector, hospitals and build houses for the poor.

He said the "Committee for the economy refused to law covers the sectors of education and health only, which called for our committee to demand the need to add the sectors of agriculture and the creation of roads, water and sanitation," adding, "committee has been formed in this regard and it is hoped to settle the law during the period of very close after being found law acceptance of all the political blocs to support those sectors. 

The MP stressed "the need to give priority in the distribution of projects for the poor and provinces suffer from Mahromep and provide job opportunities for the people of these provinces.


WARNING! Government Shutdown to Collapse U.S. Dollar (video)

Rewind: Let the Government Shut Down

Related articles .. 

Bill Clinton: GOP is ‘begging for America to fail’ regarding Obamacare (Obama’s Health Care Bill is actually Hillary Clinton’s 2008 Campaign Plan)

Monday, September 30, 2013 

Rewind: Let the Government Shut Down

By Douglas V. Gibbs

The budget battle, and the GOP desire to defund Obamacare, has met at a crossroads in Washington. . . and it brings back memories of budget battles of the nineties, between the Republican dominated Congress and President Bill Clinton.  

The conventional wisdom is that the republicans lost that battle, but the truth is not quite that.  The fear of the media misconstruing the facts regarding the shutdown, as they did in 1995, has the GOP nervous.  Should they shut down the government?  Will they lose the battle of “image with the public” through the eyes of the biased media?  Or should they grow a pair and do what needs to be done and let the government shutdown?

A Government Shutdown is not the ultimate desire, but a necessity to defund the defundable parts of the Affordable Care Act.  The democrats have already begun their attacks, claiming it is the republicans that want to shutdown the government over a silly little thing like “keeping healthcare away from Americans.”

The GOP needs to turn that argument around.  They need to explain it is the opposite.  Obama and the democrats are willing to defund the entire government rather than sign a bill that does not contain funding for their precious government intrusion into the health insurance industry – despite the opposition of a majority of Americans.

Fascinatingly, Obama has been working to defund his own law, losing revenue by delaying the employer mandate, effectively losing revenue that would have materialized from the penalties.

Reducing the burden on employers, or at least that was their excuse, and the delay of the consumer cost cap until 2015, were not done for the reasons stated, but to delay the catastrophe of rising costs and rising premiums that would result when those provisions go into effect.  The law is designed to destroy the private health insurance industry so that the people will begin begging for “single payer” to save them from the mean ol’ insurance companies.

A loss of revenue, and the rising cost of funding the law, poses a threat that could greatly increase the amount of funding.  That alone should make us realize the danger this law poses to our economy.  For the sake of slowing down our rapidly rising national debt, we must defund the whole failed monstrosity.  The drain on the treasury, the insidious nature of the law that combines the destruction of a private industry while allowing government to gain control of our lives through medical dictates, and the unconstitutional nature of the law from its establishment to the constant delay and modification of provisions by President Obama, is reason enough to do what can be done to defund it.

The republicans, however, in order for that to happen, have to be willing to stand behind their resolve, even if it means allowing a government shutdown. . .  because the democrats refuse to sign a budget without funding for Obamacare being in it.

By refusing to accept a budget with Obamacare defunded, Obama and his minions are willing to defund the entire government, shutting everything down, and if the GOP would just recognize it that way, and articulate that reality to the American people, they will win the battle of words over the impending budget battle.

As for the concern that a government shutdown will ruin the next election for the republicans, we must remember that despite conventional wisdom, the GOP did not lose last time this happened as we are being told.

Representative Mike Lee is one of the republicans that seems to have grown a pair.  He says we have to defund Obamacare.  This is the last gasp.  This is the last chance.  We must do it, even if it means allowing the government to shutdown because the democrats refuse to sign a bill without funding for Obamacare in it.

The delays the democrats keep putting into place is evidence that Obamacare damages the economy.  That is why they keep delaying everything until after the 2014 election.  They need the House, and if Obamacare is not revealed for the failure it is before the election, they think they can take the House of Representatives.

The Republicans are gun-shy because they have been convinced that they lost the 1995 budget battle, and the media is already saying the republicans will lose the House in 2014 if they let the government shutdown now.  Allowing the government to shutdown has the republicans scared out of their minds.  The 1995 budget battles, as far as the GOP establishment is concerned, resulted in a series of disasters.  They believe that because that is how the media portrayed it.  But after that battle, the republicans won seats in the Senate, and they held the House.  Not exactly evidence that it was a failure.

On paper, the budget battle in 1995 was not a disaster, but a big success.  The GOP was just too afraid to correct the media when they painted it otherwise.

The economy was not a disaster after the government shutdown in 1995, either.  It resulted in a slowdown of the growth of government.  Children didn’t starve, the elderly did not eat cat food out of cans, and entitlement checks did not cease to be written.  Reductions in spending occurred, and the economy benefited as a result.

And remember, part of the problem was the republicans did not have any allies in the media, but now they have the new media.  Now the conservative blogs will go to bat for them.  The results should be even more favorable, because voters just want the GOP to act like the opposition party they claim to be.  Voters wish for them to stand up to the democrats, and actually have enough intestinal fortitude to follow through with whatever it takes to stop the liberal leftist madness that Obama and his minions have been inflicting on this nation’s economy.

There is an entire conservative media that will battle the propaganda put out by the leftist media.  The fears of the Republican leadership is not totally unfounded, but those fears are not completely realistic, either.  Their fears are based on silly notions put out there by the democrats and their compliant press. The republicans must defund Obamacare, even if it means a government shutdown.  It is time for the republicans to finally stand up to the democrats and say, “Enough is enough.  We are going to fight this fight, and quit being afraid.”


Fireballs Light Up East Coast Sky! Raw Video & Latest Reports!

Going Global Headline News For Monday, September 30th, 2013 .. check back for updates


al-Qeada Handing Terrorist Baton Over To al-Shabaab -- Episode 176 - video - X22 Report

All set for Global Islamic Economy Summit


*Iraq Activating The Honor And Peace Agreement When Iraq's Vice President returns From New York (UN Meetings Conclude October 1st)

Bill Clinton: GOP is ‘begging for America to fail’ regarding Obamacare (Obama’s Health Care Bill is actually Hillary Clinton’s 2008 Campaign Plan)

U.S. and Canada (NAU) Prime Minister Focuses on Economy at Canadian American Business Council Event ..

World's central banks load up on Canadian dollars

Huge Fireball Explosion Cuts Power in Mexico Upon Impact!

*Parliamentary Finance: Iraq's budget for the year 2014 amounting to 174.6 trillion dinars

*Iraq and Russia Economy : Iraq's VP meets with Russian Foreign Minister in New York about necessity of activating the investment sector between Moscow and Baghdad

Biden and Iraq's VP: Serious about negotiating with Iran and Iraq can play the role of mediator

OFFICIAL OCTOBER HAPPENING! – Gov’t Shutdown, Debt Default, and More ..

US Drone Strike - Hospital Superbug - Nigerian School Attack - CME - News In Two Minutes - Monday, Sept. 30th 2013

Obama to Israel's PM: No Nukes for Iran, Period

Heneghan Report: Banks Gone Rogue and a Lot More

How Syria may pave wave the way for global governance

China launches free trade zone in Shanghai

Bill Clinton urges Obama to stand firm, not negotiate on debt limit

*Iraq's Budget 2014 .. Sent from the Ministry of Finance to the General Secretariat of the Council of Ministers

*Iraqi Dinar .. Iraq Banking .. Specialists: Legislation and modern technology a necessity for the development of banking In order to create a banking sector advanced

Required to pass a law economic reform

al-Qeada Handing Terrorist Baton Over To al-Shabaab -- Episode 176 - video - X22 Report

All set for Global Islamic Economy Summit

Snip ~ "The GIES is being organised by the Dubai Chamber of Commerce and Industry and Thomson Reuters - at the end of October, the World Economic Islamic Forum, or WEIF, will take place in London"

September 29, 2013

All set for Global Islamic Economy Summit

The much-anticipated Global Islamic Economy Summit, or GIES 2013, under patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has captured the world’s attention on the possible blueprint of an Islamic economy.

The GIES is being organised by the Dubai Chamber of Commerce and Industry and Thomson Reuters; the former has contributed to building the Dubai brand globally and the latter, a global information provider, has shown its deep commitment to Islamic finance.

Macro Islamic/OIC events are capturing the attention of opportunity-driven investors and financial institutions in the US, Europe, and Asia. For example, Sibos held its immense annual event at the Dubai International Convention and Exhibition Centre and two sessions — internationalisation and standardisation — were dedicated to Islamic finance.

Furthermore, recently in Malaysia, the 4th OIC World Business and Investment Zone 2013 Exhibition and Conference took place and subjects included intra-OIC trade and investment, higher education, and world Islamic tourism.

Finally, at the end of October, the World Economic Islamic Forum, or WEIF, will take place in London, and the publicity leading up to the event has been immense in Islamic finance hubs like the UAE and Malaysia.  

The 2014 WEIF will be held in Dubai, hence, a global platform hosting a global event.

The GIES is positioned as: “With 56 states spread across vast and disparate regions, the Islamic world represents a diverse set of cultural values and economic conditions. Yet, all of them share the same religion and increasingly, a youthful and restless population that is seeking dynamic and forward thinking leadership that will enable them to play their role in shaping their future, build wealth and prosperity for their families and ensure a better livelihood for their children.”

Furthermore, it breaks down the Islamic economy into two inter-related niche markets: $1.3 trillion Islamic finance and the $2.6 trillion halal industry that must be brought together as a Brics-type of an opportunity. It is an attractive proposition for intra-OIC investment and trade; value investing in Europe; and to the continued quantum easing and greenshoots environment in the US.

Organisers have quoted the conference discussion opportunity as: “‘Twins who were separated at birth’, Islamic finance and the halal sector are the two major Shariah-based markets. Halal food, a consumer non-cyclical, as an asset class is easy to understand and less volatile than the favourite real estate. The GCC is a net importer of food, and one of the sparks of the Arab Spring was food price inflation and availability. Given that there is surplus liquidity in the Islamic finance sector, and a distinct need for investment in the Halal sector, why is there still a disconnect between these two components of the Islamic economy?”


There are thought-provoking and forward-looking sessions, hence, the post conference take-aways and eventual implementation are keenly awaited. The track record of Shaikh Mohammed’s vision for Dubai — a hub for tourism, commerce, trans-shipment, etc — brings much confidence that an Islamic economy is possible for a Muslim country.

Some of the sessions that capture the attention include “Leading a New Economic Paradigm – Beyond Halal Food and Islamic Finance”; “From Spring to Summer: North African Islamic Emerging Markets Opportunities”; “Assets or Liabilities? Awqaf and Endowments in the 21st Century”; “Addressing Food Security in the GCC as an Asset Class”; Financial Industry Stakeholders and CEO’s Debate: Is it Now Time to Stop Calling it Islamic Finance?”

Some of the columns, between now and GIES 2013 in November, will be dedicated to raising panel session issues.

The first area to touched upon, where everyone has an opinion: “Is it Now Time to Stop Calling it Islamic Finance?”

For Islamic finance to reach its goal of global phenomenon, as it is for all of mankind, the focus should be on substance: Participation finance.

Turkey is a good example of participation finance that would have appeal to all “value-oriented consumers” in secular, politically-sensitive environments of India, Nigeria, South Korea, the US, Australia, France, etc.

Furthermore, many Muslim countries, like pre-Arab spring Egypt and Libya, have shied away or have not supported Islamic finance, because of the perception of politicalisation of Shariah. Thus, calling it Islamic finance has deprived the masses of participation finance.

We are all accidental tourists requiring a map to our destinations, and the GIES looks like an interesting GPS for an Islamic economy.


Global oil prices are expected to fall moderately in 2014 as new supply comes on line from the US, Iraq and other countries.

September 30, 2013

Robust GCC growth seen next year despite cheaper oil

Gulf states are likely to see their oil and gas revenues drop next year but heavy government spending and increasingly energetic private sectors will keep economic growth robust, a Reuters poll showed on Monday.

Global oil prices are expected to fall moderately in 2014 as new supply comes on line from the US, Iraq and other countries. Futures markets indicate lower prices next year.

This will probably push down hydrocarbon export revenues throughout the Gulf. The poll of 15 analysts predicted that Saudi Arabia's revenues would slip to a median $293.3 billion next year from $312.1 billion in 2013.

"The decline in the oil price will weigh on the external and fiscal surpluses in the region," said Giyas Gokkent, chief economist at National Bank of Abu Dhabi.

Nevertheless, with the exception of Bahrain, state finances in the six countries of the Gulf Cooperation Council are expected to remain healthy enough for governments to boost spending if that proves necessary to support growth.

Continue reading @ source

US Department of Commerce Cyber Security Trade Mission to Saudi Arabia and Kuwait

September 30, 2013

US Department of Commerce Cyber Security Trade Mission to Saudi Arabia and Kuwait

Lockheed Martin joined a cyber security and critical infrastructure protection trade mission to Saudi Arabia and Kuwait led by the Department of Commerce. Headed by Under Secretary of Commerce for International Trade Francisco Sánchez, the goal of this trade mission is to introduce U.S. firms to high-level government officials and potential partners in the Middle Eastern market.

“I’m proud to have Lockheed Martin join me for this important trade mission focused on cyber security and critical infrastructure protection,” said Under Secretary of Commerce for International Trade Francisco Sánchez. “Lockheed Martin offers the high-quality technology, products, and expertise that help public and private sector entities in these two critical trading partners achieve their specific cyber security and infrastructure protection goals.”

Global Cyber Warfare Market 2013-2023

This trade mission advances President Obama’s National Export Initiative (NEI), which aims to double U.S. exports by the end of 2014, supporting economic and job growth.  

Saudi Arabia has prioritized increasing cyber defense and infrastructure protection and continues to invest heavily in these sectors, spending more than $9 billion in 2012 to expand many of its airports. Kuwait has also proposed spending $28.2 billion on infrastructure advancements.

“At Lockheed Martin, everything we do, every program we manage, has a cyber-thread running through it,” said Cliff Spier, Vice President with Lockheed Martin Information Systems and Global Solutions.  “Based on expertise we gleaned from defending our own networks, our cyber solutions maximize the ability for any sector – defense, energy, education, or healthcare - to detect and respond to evolving cyber threats.”


GCC countries set to sign collective Free Trade Agreements

September 30, 2013

GCC countries set to sign collective FTAs

GCC countries are set to sign collective free trade agreements (FTAs) with several countries and economic blocs, encouraging foreign investment and creating new job opportunities, a report said.

The agreements will be signed with Japan, the European Union (EU), Association of South East Asian Nations (Asean), South Korea, China, India, Turkey, Russia and Australia, according to the report in the Gulf Daily News, our sister publication.

A report on the outcome of negotiations relating to the agreements was discussed in Bahrain’s Cabinet at its weekly session yesterday (September 29).

"Negotiations have been excellent and have reached their goal and soon Bahrain, alongside GCC countries, will be signing FTAs with several economic blocks and friendly countries," said Minister of State for Information Affairs and government's official spokeswoman Sameera Rajab during a Press conference following the session.

"The FTAs are in line with the framework of political and economic co-ordination between GCC states and other economic, regional and international blocks and groups in accordance to the GCC's Economic Agreement.

"The report submitted by a GCC negotiating team has shown that signing the agreements will add to the Gross Domestic Product (GDP) of Gulf states.

"At the level of Bahrain, the FTAs will contribute to creating new job opportunities, widening the economic base and encouraging foreign investment."

Bahrain signed an FTA with the US in 2004, which is set for renewal next year.

"All FTAs, including the one with the US, will be now studied by the concerned ministerial committee before a report is submitted to the Cabinet," added Rajab. 


Kuwait keen on backing GCC common action - Amb. Sheikh Azzam

Kuwait keen on backing GCC common action - Amb. Sheikh Azzam

Kuwait Ambassador in Manama Sheikh Azzam Al-Sabah said Monday his country was exerting every possible effort to support the GCC march to ultimately achieve aspirations of the Arabian Gulf leaders and peoples.

He said Kuwait was keen on participation in all GCC meetings with the objective of boosting common action among the six Gulf Cooperation Council countries.

Sheikh Azzam was speaking in a press statement following a dinner banquet held in honor of minister of information and minister of state for youth affairs Sheikh Salman Al-Sabah, and minister of communications Essa Al-Kandari who were in Manama for GCC ministerial meetings. 


Bill Clinton: GOP is ‘begging for America to fail’ regarding Obamacare (Obama’s Health Care Bill is actually Hillary Clinton’s 2008 Campaign Plan)

Have you wondered why Bill Clinton strongly backs Obamacare?

January 12th, 2010

Obama’s Health Care Bill is actually Hillary Clinton’s 2008 Campaign Plan

The Congress Democrats are making their last push to pass President Obama’s vision of the health care in America. The funny thing about it is that in fact this is not the Obama’s vision – it is Hillary Clinton’s. Yes! Hillary cannot congratulate herself with great achievements as a leader of the State Department, but she can definitely celebrate if the President signs the health care bill into law. And here is why…


September 30, 2013

Bill Clinton: GOP is ‘begging for America to fail’ regarding Obamacare

Former President Bill Clinton said during a recent televised news interview that he was shocked by the message Republicans were sending in their fight against President Obama’s signature health care reform: We hope it fails.

That means the GOP is “begging for America to fail,” he said, during a “This Week” interview with ABC host George Stephanopoulos.

“I’ve never seen a time — can you remember a time in your lifetime when a major political party was just sitting around, begging for America to fail? … I don’t know what’s going to happen. But I’ll be shocked if it fails,” Mr. Clinton said.

And in response to the many recent polls that show more than half of Americans don’t want Obamacare, Mr. Clinton had this to say: They’ll get used to it.

“I just think that when all these dire predictions don’t come out, if they don’t — I believe that pretty soon, within the next several years, this will be like Medicare and Medicaid. And it’ll be a normal part of our life. And people will be glad it’s there,” he said in the ABC News report.

Mr. Clinton also said he wasn’t concerned about the impact of Obamacare’s image on his wife’s potential 2016 run for the White House. Former Secretary of State Hillary Clinton had pushed a similar socialized medicine package while first lady — and was completely shut down by a disapproving public and Congress.

His response to that suggestion: “I think this bill’s already produced a lot of good results and every — look, they are desperate for this bill to fail, because if it’s not a failure, their whole — everything they’ve been telling us since 1980 that government’s bad, is wrong. They so badly want it to fail.”


House Passes Another Budget Bill That Delays Health Law

Monday, September 30, 2013

House Passes Another Budget Bill That Delays Health Law

With hours to go before the federal government runs out of money, the House voted 228-201 on Monday night to pass a bill linking further government financing to a weakening of President Obama’s health care law.

With the vote, the House effectively made its last offer before a government shutdown at midnight. The bill demands a one-year delay in the health care law’s requirement that individuals buy health insurance and denies federal subsidies to members of Congress, Capitol Hill staff members, executive branch appointees, White House staff, the president and the vice president, who would be forced to purchase their health insurance on the Affordable Care Act’s new exchanges.

Senate Democratic leaders announced they would immediately take up the spending bill, strip out the health care language and send it back to the House free of policy prescriptions.





Many of Phoenix Rising listeners are calling about the .99 ground beef. 

Lets go head and run this special again just for your listeners!


Here is a Testimonial someone wrote.

Recently HH had their ground meat on special and I was lucky enough to find out about it.  I purchased some of the ground beef, which I could not have done without the special.  The product arrived as ordered except that it arrived earlier than promised by several hours.  It arrived in perfect, hard frozen condition with dry ice still in the package.  The beef arrived early enough that I was able to leave one package out to thaw and have it for dinner.  It was everything you have seen written about Wagyu.  Heavenly is the word that comes to my mind.  

Needless to say, that with every thing in perfect order with my purchase, and the product being SO very good, there are no complaints here, only praises!

Thank you very much for a perfect meal and dreams of more of them to come.

If you have on the fence about an order, jump in with both feet.  It is THAT good, YES!



My wonderful husband gave me a life changing birthday present this year. He introduced  me to Honey Hollow Waygu. 

I had my doubts that it would REALLY be that much better than regular prime beef. I now have a phrase, "Once you've been Wagyued, nothing else will do!"  

The rib eye was sooooo good that we can't remember what I fixed with it. Next I made Dutch oven stew and biscuits, our camping traditional. With Waygu stew meat the impossible was accomplished, the stew was even better, and forget the biscuits. When I patted out burger patties the first thing I noticed was the "fat" left on my hands. I wanted to rub it in, felt like lanolin. Dave has had issues digesting prime quality beef. Waygu agrees wonderfully with him. Truly, only Waygu

We want to hear from you!

We would love to hear from you! Have a great photo of a dish featuring HHWAGYU meat? Share it with us on Facebook and Twitter. Have a great HHWAGYU experience or story to tell? Post it, mention it, tag us, tweet us or simply email us! We like to engage with you as much as possible. If you don’t “like” or “follow” us yet - check us out on Facebook and Twitter. 

Interested in being our featured chef in an upcoming  newsletter? 

Reply to this email and let us know! And you could win a $50 gift card.

U.S. and Canada (NAU) Prime Minister Focuses on Economy at Canadian American Business Council Event ..

related articles ..

World's central banks load up on Canadian dollars

September 26, 2013

Prime Minister Focuses on Economy at Canadian American Business Council Event

Prime Minister Stephen Harper Focuses on Economy at Canadian American Business 

NEW YORK – Prime Minister Stephen Harper today participated in a moderated  discussion hosted by the Canadian American Business Council in New York City, 
where he discussed the current global economic climate, highlighted Canada’s strong economic performance, and underscored the importance of Canada-U.S. relations.

“Canada and the U.S. are making important progress on enhancing trade, travel and investment flows between our two countries, including securing our borders, speeding up trade and travel, modernizing infrastructure in integrated sectors of 

the North American economy, and harmonizing regulations,” said the Prime Minister.  “But there is much more that can be done, and must be done, to make our economic relationship more productive and seamless.”

Canada and the U.S. have the largest bilateral trading relationship in the world, underpinned by the North American Free Trade Agreement. In 2012, bilateral trade between Canada and the U.S. reached $742 billion, representing more than $2 billion worth of goods and services crossing the border everyday, on average. The U.S. remains the largest foreign investor in Canada, while Canada was the fourth 

largest overall investor in the U.S. at the end of 2012.

A number of major initiatives to further strengthen the economic relationship are currently underway or on the horizon, including:

·  the Beyond the Border Action Plan, which will enhance security and accelerate the legitimate flow of people, goods and services; 

·  the Regulatory Cooperation Council, which aims to increase the alignment of the two countries’ regulatory approaches; ·  the Keystone XL pipeline, which will help to ensure energy security for both countries; and, 

·  the construction of the Detroit River International Crossing, which will reduce congestion in this vital trade corridor.

Canada and the U.S. are also working closely to boost trade between North America and the Asia-Pacific region through the Trans-Pacific Partnership, which will create jobs and growth both at home and abroad.

The event, which was moderated by CNBC’s Maria Bartiromo, brought together individuals from the business community, academia and others who share an interest in deepening the Canada-U.S. relationship. 

Established in 1987 in Washington, D.C., the Canadian American Business Council is a non-profit, non-partisan, issues-oriented organization dedicated to elevating the private sector perspective on issues that affect Canada and the United States.