Posted on 19 April 2009. Tags: affluent, back door to nationalization, banking, banks, barack obama, bonds, budget deficit, budget gap, carbon cap-and-trade, carbon emissions, Caribbean, charity, China, Chinese, climate change, congress, credit cards, currency, debt, deduction, diverisfy, economic adviser, Economics, Energy Secretary, equity, exemptions, federal revenue, financial industry, free enterprise, free market, global warming, greenhouse gases, Health Care, income tax, interest rates, international, Larry Summers, loans, monetary system, nationalization, nationalize, policy, Politics, Premier Wen Jiabao, President Obama, private sector, protectionism, public ownership, public policy, reserve currency, reserves, revenue raising plans, Rob Viglione, secondary market, socialism, Steven Chu, tax loophole, Tim Geithner, too high, Treasury, USD, usury, water levels, write off
U.S. Treasury Dept. considers converting loans to equity ownership in major U.S. banks…is this a backdoor to nationalization? Congressional push-back to Obama’s revenue raising plans is leaving $1 trillion gap in budget, Obama set to take on credit card companies for charging interest rates that he considers too high, the U.S. Energy Secretary warns that some Caribbean islands will disappear because of Global Warming, and China issues another condemnation of U.S. economic policies…threatens to diversify currency reserves out of USD… Continue Reading
Posted in Featured, Freedom Under Fire