Tag Archive: Government

Food Prices to Sky Rocket Globally Resulting in a Continuation of Political Instability

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August 2, 2012

Will the 200% increase in some food prices return?

Image Source: http://learningenglish.voanews.com/

Between 2005 and 2008, average world prices for rice rose by 217%

Experts Ashok Gulati, agricultural economist, chairman of the committee of agricultural costs and prices; Keshav Rao, senior leader, Congress; Nalin Kohli, national executive member, BJP; Hari Damodaran, opinion editor, Business Line, and Devender Sharma, agriculture expert, discuss why food prices are going up despite high food grain production.

Watch full show ->>>

The World Bank President Robert Zoellick speaks about global food prices (Source: Bloomberg)

NIA projects that at the average U.S. grocery store it will soon cost;

$11.43 for one ear of corn

$23.05 for a 24 oz loaf of wheat bread

$62.21 for a 32 oz package of Domino Granulated Sugar

$24.31 for a 32 fl oz container of soy milk

$77.71 for a 11.30 oz container of Folgers Classic Roast Coffee

$45.71 for a 64 fl oz container of Minute Maid Orange Juice

$15.50 for a Hershey’s Milk Chocolate 1.55 oz candy bar.

NIA also projects that by the end of this decade; $55.57 plain white men’s cotton t-shirt at Wal-Mart will cost.

Graphic Image Source: http://yourdaddy.net

Tags: Agriculture, All, Ashok Gulati, Audio, AV, BJP, Bloomberg, business, Charity, COMMODITIES, congress, Damodaran, Devender, egypt, English, Featured, food, Food Prices, Fund Team US, Government, GSE, Hari, inflation, Interview, interviews, Intl Monetary, Keshav, Kohli, media, Multimedia, Multimedia-Govt, Nalin, NDTV, news, Philanthropy, PRICES, profit, Rao, Report, Rising, Says, Sharma, Video, visual, world bank, Zoellick, `No Doubt'

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Predictions: Money, Power and Wallstreet as the 2008 Crash Was Just the Appetizer, PBS Frontline 2012 Inside Story on What is Next to Come?

Filed under: Future Predictions by futurepredictions — 1 Comment

June 3, 2012

How much did the financial crisis cost?

Total lost household wealth at $19.2 trillion only part of the story!

“Better Markets, a nonprofit watchdog for financial regulatory reform, recently attempted to analyze the full cost of the financial crisis, pulling together government data and outside studies. The group admits its own estimate [PDF] isn’t complete, either, but it lays out five major indicators to try to offer a more comprehensive accounting of the crisis:

Gross Domestic Product: The report notes the massive difference between the actual and potential GDP — now estimated at about $2.6 trillion, according to a January Congressional Budget Office report.

Unemployment: The rate peaked at 10.1 percent in October 2009, but it’s still at 8.1 percent today. That’s 12.5 million people who are out of work, not saving for retirement and not contributing to the GDP.

Government bailouts: The government has poured about $23 trillion into a host of programs and bailouts.

Lost household wealth: With home prices tanking, the report estimates a loss of $7 trillion in the real estate industry. The stock market decline has brought another $11 trillion in losses, and retirement accounts have lost $3.4 trillion.

Human suffering: It’s hard to put a dollar value on this. But the report found plenty of grim data to offer some insight: The Census Bureau’s 2010 estimate of 46.2 million people in poverty is the “largest number in the 52 years for which poverty estimates have been published.” PBS Frontline

PBS Frontline – Money, Power and Wallstreet part 1of 4 (2012)

PBS Frontline – Money, Power and Wallstreet prat 2 of 4 (2012)

PBS Frontline – Money Power and Wallstreet part 3 of 4 (2012)

PBS Frontline – Money, Power and Wallstreet part 4 of 4 (2012)

Tags: AMERICA, analysis, AND, bank, Campus, Canada, cdo, China, CIA, collapse, college, commentary, Community, corruption, Credit, crisis, default, depression, documentary, dollar, economics, economy, Education, England, Europe, European, FBI, Fed, financial, freedom, frontline, germany, global, gold, Government, Greece, greed, History, Iceland, insurance, International, Italy, land, london, market, money, pbs, power, Reality, recession, Reserve, russia, show, spain, states, street, Study, television, The, United, university, usa, Wall

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Future: Glass 1/2 Full vs. Glass 1/2 Empty Predictions GBTV Future Senerio Preparing for Collapse Comparied to The Singularity of Ray Kurzweil Invisioning Exponential Abundence

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May 26, 2012

Glass 1/2 Full vs. Glass 1/2 Empty Predictions

1/2 Empty View

Preparing for an economic collapse claims Glenn Beck is doing just that warning his viewers of impending events to come. After earning $2 Million from FOX News for a 2-year contract and getting discharged to now a year later earning nearly $27 Million a year at GBTV providing internet broadcasts, reports the WSJ another FOX property.

1/2 Full View

Renowned author, scientist, inventor, and futurist Ray Kurzweil makes incredible predictions about the future of technology and the mind-blowing impact it will have on humanity.

Tags: AMERICA, bank, collapse, crisis, dollar, economic, economics, economy, Europe, Fed, financial, freedom, germany, Glenn Beck, gold, Government, market, news, r Jone, Ray Kurzweil, Reserve, revolution, schiff, Silve, Singularity, states, United, Wall

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Debt: USA Tells Truth as Obama Admits Debt is Not $16 Trillion but Really is $76 Trillion

Filed under: Future Predictions by futurepredictions — 1 Comment

May 24, 2012

(Reuters) – Another showdown between Republicans in Congress and President Barack Obama over debt could be in the making, and some investors are already taking steps to prepare for it.

Image: (Pete Souza/White House)

Members of the Institute for Truth in Accounting are often asked what important issues face the nation. Here’s a list of several we consider important.

1. The accumulating federal debt of more than $59 trillion dollars. This includes explicit debt, debt internal to the federal government and the net present value of the current statutory entitlements. What’s worse, the debt grows at $2-3 trillion each year. The debt grow $5 trillion in 2008 alone.

2. The aging baby-boomers will put extraordinary pressure on the nation’s economy as they begin to collect on the social programs to which they are entitled. The combination of increasing medical costs, the extension of life expectancies and the sheer number of beneficiaries makes this situation unsustainable.

3. The trade imbalance with the rest of the world. Essentially we are consuming more than we produce and the consequence is that we must spend about 1% of all the wealth America has ever accumulated to foreigners, every year. Symptoms of this problem include a falling dollar, higher oil prices, and a long-term decline in national living standards.

4. Accounting principles and metrics our government uses to explain our financial condition are deficient and do not provide objective and comprehensive understanding of our fiscal challenges.

5. The lack of solutions to solve these problems indicates the largest problem—a lack of political will to solve them. This leadership vacuum is the biggest challenge we face and it occurs because no constituency for sustainability exists.

Source: truthinaccounting.org/

Federal Debt: 1800-2035, Peter G. Peterson Foundation

Did You Know: Congress Exempts Itself From Including the Cost of Promised Retirement Benefits in Stating Debt?

Source: Institute for Truth in Accounting (IFTA), an organization dedicated to promoting honest, accurate, and transparent accounting at all levels of government.

Draft David Walker for President

Who We Are

The Institute for Truth in Accounting is an unaffiliated, nonprofit organization created by Sheila Weinberg, a former Certified Public Accountant, in 2002. Its goal is to ensure that public and private organizations provide truthful financial information useful to a wide variety of users. The Institute is dedicated to the development of standards and awareness that timely, informative and reliable information is the basis for knowledgeable economic and political decisions.

The Institute is particularly interested in governmental accounting, at all levels. As the world’s largest fiscal organization, the U.S. government must be the leader in providing complete and understandable financial information. State and local governments’ accounting standards no longer adequately report the scope and scale of obligations assumed by these jurisdictions.

SOURCES: Data from the Peter G. Peterson Foundation’s Long-Term Model of the Federal Budget, Baseline Assumptions; the Congressional Budget Office, Long Term Budget Outlook: June 2009; and the Office of Management and Budget, The Budget of the United States Government, Fiscal Year 2013: February 2012. Compiled by PGPF.

Tags: 2012, accountability, AMERICA, audits, bipartisan, budget, burn, Burning, Campaign, Canada, China, comptroller, Conference, congress, congressional, Conservative, david walker, debate, debt, democrat, Democrats, economy, election, elections, England, eu, Europe, European Union, fire, flame, foreclosure, freedom, General, germany, Government, health, Kingston, liberty, national debt, news, nonpartisan, obama, Out, partisan, politics, presidential, press, Rebellious, reform, republican, senatorial, spark, Speech, truth, truths, United States, youth

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Future Predictions: Cyber War First Strike Capabilities

Filed under: Crime, Cyber Crime, NSA, Security by futurepredictions — Leave a comment

December 21, 2011

PENTAGON CONTEMPLATES CYBER WAR OFFENSE FIRST STRIKE

The Defense Advanced Research Projects Agency, or DARPA, held its first-ever symposium to discuss how the U.S. military can better protect itself from foreign-backed hackers. DARPA’s director, Regina Dugan, told conference members the agency will work to develop offensive cyber capabilities.

Hostile governments can now cripple power grids, water supplies, even nuclear facilities without firing a single shot. Creating a national catastrophe has never been easier. And the new weapon of choice for the world’s terrorists is the humble laptop.
[Via: Forbes.com]