Thread: THE ADRIAN REPORT ON IMMIGRATION

An excellent website against illegal immigration by a liberal is

THE ADRIAN REPORT ON ILLEGAL IMMIGRATION.

check it out at:

http://unemployment_crisis.tripod.com/IMMIGRATION.html

Rimbaud

Thanks Rimbaud, we will check that out.

W

Finally I see the light re: how the illegal immigrants have been buying big three BR homes all over the nation ... with Fannie Mae backed loans that are really sinking our trillions into T-bonds held by Chinese and which we the taxpayers will eat when it all tanks and our Treasury is kaput!

What a swindle! And our unions just sat on their duffs and whistled.

http://unemployment_crisis.tripod.com/IMMIGRATION.html


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“It’s a diversification problem: we are dependent on a very small number of far eastern buyers of U.S. Treasury bonds. It’s dangerous to be beholden to those few foreign lenders, regardless of who they are. Without them we could not even finance our wars.�

WHY ARE OUR UNIONS HELPING NEARLY ONLY ILLEGAL IMMIGRANTS TO FIGHT FOR JOB RIGHTS?
Are our unions merely fuzzy little kitty cats ?
[there is a more offensive term meaning the same creature and it sounds a lot like pussy cats]

HOW OUR T-BONDS "IMMIGRATED" TO CHINA
http://www.atimes.com/atimes/Global_Eco ... 3Dj01.html

Veteran New York money manager Arnold Schmeidler warns, "We are in a period unlike anything since the 1930s when the world is confronting deflationary forces." "American auto companies are selling their production at zero interest rates, because there is excess capacity." But China is building auto plants to make hundreds of thousands of vehicles....their trend is towards 40 cents an hour wages to make clunker cars for the US in which neither consumer nor manufacturer has much pride.

In fact, as dangerous as it sounds, China currently is lending the US all the money to buy Chinese production.

For example, as the "boom" of President George W Bush takes off, puzzled American commentators are asking where are all the extra JOBS that the apparently positive indicators should be creating. In fact, they are being created abroad - MOSTLY IN CHINA.

Peter D. Schiff, chief global strategist of Euro Pacific Capital, isn't so sanguine. Indeed, Schiff can fairly be called an alarmist on America's borrowing and spending ways. In a note to clients Thursday, he wrote that China's revaluation rang "the mother of all bells."

With the change in its currency regime, "the pressure on China to prop up the dollar will be greatly diminished," he said.

True, a weaker dollar would hurt Chinese exports to the United States, but over the long haul, a rising yuan would give ordinary Chinese the purchasing power to "enjoy the fruits of their own productivity," he said.

The flip side is a lowered American standard of living, Schiff predicted. A weaker dollar would mean higher prices for import-loving U.S. consumers, higher interest rates and a COLLAPSE OF HOUSING PRICES, he said.

FAIR--click here for 'DOJ memo approving of local/state illegal immigration enforcement'

FAIR--click here for "Hurricane Katrina Blows Away Myth of "Jobs Americans Won't Do"

.... find out how CHINA consumed our Treasury with T-bond giveaways!.....

Roy Beck, a liberal progressive ... read here his classic 1996 book

"THE CASE AGAINST ILLEGAL IMMIGRATION: The moral, economic, social, and environmental reasons for reducing U.S. immigration back to traditional levels" ... even more sensible and applicable today ... click here to download the entire nearly 400 page book for free!

What the monthly magazine THE WASHINGTONIAN has to say about the unaccountable trillions sucked away by FANNIE MAE, and that "Nobody in Washington Messes With Fannie"

Jan 5, 2006 -- CHINA-USA --- USA BEING DEVOURED BY CHINA -- America's trade deficit in goods and services reached another record, hitting $68.9 billion in October. The news, much worse than expected, was blamed partly on a surge of Chinese electronic and toy imports (the deficit in goods with the country was a record $20.5 billion) and capped a year of growing political rancour with Beijing over trade.

http://www.atimes.com/atimes/Global_Eco ... 3Dj01.html

China recycles trade surplus into US Treasury bonds

American companies may have forgotten what Henry Ford propounded when he first built his Model T: If you do not pay high enough wages to your workers, they can't afford to buy your product. One simple basis for that Bush boom is that China is recycling its US$100 billion-plus trade surplus with the US back into dollars, and especially into US Treasury bonds. Almost half of the US Treasury bonds are now owned in Asia. So China is financing Bush's bold economic experiment: running two or more wars simultaneously with a huge budget and trade deficit, and equally huge tax handouts for the richest Americans.

One has to question the long-term economic rationale for China of putting its long-term assets into very low-interest bonds in a currency that has already dropped recently by a third - and is going to drop even more. It certainly makes strategic sense: if push came to shove over, for example, the Taiwan Strait, all Beijing has to do is to mention the possibility of a sell order going down the wires. It would devastate the US economy more than any nuclear strike the Chinese could manage at the moment.

But far from wanting to devastate the dollar, China is more concerned to maintain its currency's parity with the dollar, even as it devalues massively against the Euro or the Yen. Indeed, without those Sino-dollars flowing back, the dollar would have tanked even more.

There is a big multiplier effect here. China only accounts for 3 percent of the world's GDP, but for from three to five times as much of the world's growth. And its economy is disproportionately trade-oriented. So its double act with the US - both the seller of consumer goods on a huge scale and the financer for US' purchase makes it even more important.

Dangerously, the global economy is faced by an addictive combination of China - a developing country with many problems of social instability - and the US - which the recent IMF report hints is a rapidly undeveloping country - whose fiscal irresponsibility is compounded by a political immaturity that tends to ignore geopolitical and economic reality.

If the US economy sinks and Americans stop buying Chinese goods, then it will compound the US slump as China first stops buying US bonds that have inflated the American bubble and then moves on to selling them. On the other hand, if the Chinese economy falters and it stops recycling dollars into the US economy, then the boom stops anyway. Indeed, it seems that China increasingly will need more of that cash to pay for energy imports anyway.

Even though economics is a dismal science, the best economists realize, that it is still better science than politicians drumming up votes, and investment bankers drumming up fun money, seem to understand. The West is in the red, and if it crashes, the East may join it.

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Fannie Mae is a "government sponsored enterprise", aka a 'GSE'.

Are Mitigation Banks for Wetlands a GSE also??? [they are carpet bagging through the Katrina afflicted Gulf Coast states--wherever the Army Corp of Engineers turns up so do the mitigation banks].

Considering the WHOPPER federal funding handouts [Mitigation Bank and Fannie Mae welfare for Big Business] to both sneaky anti-eco 'pro-wetland' Mitigation Banks, and the sly & shifty Fannie, they sure seem to be among the most emblematic of the 'Guaranteed Shit Entities' [GSEs]!!
About HMDA [Home Mortgage Disclosure Act], Regulation C, The Federal Reserve, and Fannie Mae!

Now that was an interesting web site.

angelamerkel!

Yes, we are facing deflation and one way to solve that is to jack up fuel costs, while hyper inflating the labor market to drive down wages <--- lower wages equal lower inflation while increasing consumer demand for houses, cars, food, products and services <---- upward pressure on demand.

W