Financial topics

[Reality Check]

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U.S. Tax Payer funded Intellectual property being sold to China for pennies on the dollar

The Obama administration awarded $2.4 billion in stimulus grants in August 2009 for advanced batteries and electric vehicles, saying the awards would create thousands of jobs.

The president set a goal of 1 million electric vehicles on the road by 2015, but sales have totaled fewer than 40,000 since 2011. Many battery suppliers have created a small fraction of the promised jobs.

President Barack Obama hailed A123 and even invited the company's CEO to the Rose Garden in April 2010.

"This is what happens when we place our bets on American workers and American businesses. And we're going to continue working to help them manufacture more success stories like these across all sectors of our economy," Obama said.

January 29, 2013 at 12:35 pm

The Obama administration approved the sale of most of bankrupt battery maker A123 Systems' assets to Chinese firm Wanxiang Group Corp.

A123 filed for bankruptcy in October ( 2012 - at the time Obama called claims by the Romney campaign that A123 would be sold to China false )

In November, Michigan's two senators and 11 House members raised concerns that the acquisition of bankrupt battery maker A123 by a Chinese company may pose a "threat to U.S. national security."

In a letter to Treasury Secretary Tim Geithner — who chairs the Committee on Foreign Investment, which reviews the sale of U.S. companies — Sens. Carl Levin, D-Detroit, Debbie Stabenow, D-Lansing, and members of the House raised concerns.

Rep. Bill Huizenga, R-Zeeland, said Tuesday the decision ( the decision by the Obama administration to give the Intellectual property to China as part of the bankruptcy sale ) hasn't "changed my opinion that the core technology developed by A123 and the intellectual property that goes along with it can be separated along A123's business lines. It is also apparent that this technology was developed using taxpayer dollars through President Obama's stimulus program and is now falling into the hands of a foreign company. American taxpayers should not be funding technology that will in turn be used in competition against American companies."

http://www.detroitnews.com/article/2013 ... z2JO6IUkY9

[Reality Check]

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U.S. Government Debt on track to 200% of GDP
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No Brain-er Solution: Kill off everyone over 65 Years of Age
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http://thehill.com/blogs/on-the-money/e ... z2JOAYHF2u

[aedens]

http://www.archives.gov/exhibits/charte ... cript.html

http://www.alipac.us/content/illegal-im ... wide-1313/

[freddyv]

Hi John,

I haven't posted here in the forum in a few years. Long ago I decided that I would not until I was ready to call THE TOP in this market. Here I am, calling the top. I actually expect things to get a bit more frothy in the next week or two but I feel safe calling it at this point.

Thanks for the daly weblog, I try to read it every day. I hope you and all the faithful are doing well.

Fred

[Higgenbotham]

I no longer spend as much time here because I have been studying history and history tells me that while certain things are inevitable, they may also take much longer than you think to come about. In other words, I have learned patience.

It will not be the same is the last time, that we can be sure of, what we can do is look objectively at what is happening NOW and see where the pressures are building up. Sovereign debt is the obvious problem. Japan is likely to blow first and enter into hyperinflation as they are forced to print money to pay debts that are unpayable. This will drive up rates worldwide and will start the cascade that will bring down one economy after another.

--Fred

Fred, I remembered your last post from 2011 and find it well worth repeating certain parts of it at this time. Thanks for checking in, which served as a reminder of this.

We have recently seen Japan start to print money and rates are going up, as you stated in 2011.

It indeed has taken far longer than I expected. Some time back I had noted the correlations between major Springtime disasters and Fall crashes having about an 18 month lag time, and had expected Fukushima to result in a Fall 2012 crash. The delay caused by the printed money wil not help matters (probably hurt more in the long run) and your post above (top call) appears timely.

[aedens]

http://www.planbeconomics.com/2013/01/2 ... n-29-2013/
page 11 for them kind of issues for peak stupidity H.
For now a rotation, and walking to private equity. The gentlemens fire wall.
(a) acount is waiting for one target and moving on another from may. The core focus "emphasis of conversation" going
was based to what condition is the rolling stock "looting and not maintenance to bump price" so watch it closely now on who ignores.
One position from May came in quicker than we assumed. Also the Canadians are printing in excess some feel.

Given the recent increases in taxes and reasonably strong GDP growth, the budget deficit will remain entirely manageable.
Projected health care and pensions spending, on the other hand...
https://www.youtube.com/watch?v=K6HgQHj-zb4 music to read by.

I do not see them setting her on fire yet H.
Debt to Swaps masquerading as cash on corporate balance sheets is wide spread since last lockups
and we covered that. https://www.youtube.com/watch?v=ZHh0V7UjVXI
We noted the movement already. I will have "maybe if I feel like it" to park it for short term paper for principal on (a)
As you note http://generationaldynamics.com/forum/v ... 550#p17833 but for the wrong reason imo.
http://www.businessinsider.com/about-th ... ets-2010-8 Not all mind you.

[aedens]

http://thehill.com/video/house/275821-p ... ficit-deal
either companies or individuals – who don't need it. It is impossible to reach these retards on what capital is.

Truly scary, but I trust a damn banker more than that Demoncrats

Another asset class issue: Why did the Dutch central bank order...
http://www.321gold.com/editorials/groen ... 12913.html

[vincecate]

I no longer spend as much time here because I have been studying history and history tells me that while certain things are inevitable, they may also take much longer than you think to come about. In other words, I have learned patience.

It will not be the same is the last time, that we can be sure of, what we can do is look objectively at what is happening NOW and see where the pressures are building up. Sovereign debt is the obvious problem. Japan is likely to blow first and enter into hyperinflation as they are forced to print money to pay debts that are unpayable. This will drive up rates worldwide and will start the cascade that will bring down one economy after another.

--Fred

Fred, I remembered your last post from 2011 and find it well worth repeating certain parts of it at this time. Thanks for checking in, which served as a reminder of this.

We have recently seen Japan start to print money and rates are going up, as you stated in 2011.

It indeed has taken far longer than I expected. Some time back I had noted the correlations between major Springtime disasters and Fall crashes having about an 18 month lag time, and had expected Fukushima to result in a Fall 2012 crash. The delay caused by the printed money wil not help matters (probably hurt more in the long run) and your post above (top call) appears timely.

I too think that Japan will get hyperinflation first and start a cascade. There is a widely believed myth that advanced/developed democracies can not get hyperinflation. People will be shocked when the first one does get hyperinflation. I too am amazed at how long it is taking to start.

[Reality Check]

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Hillary Clinton equates elected representatives on fact finding mission to Murdering Terrorists
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http://washingtonexaminer.com/hillary-c ... le/2519973

[Reality Check]

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Best Looking Negative Growth Democrats ever saw.
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Just like 1984, Bad is Good and Good is Bad.
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http://www.weeklystandard.com/blogs/dem ... 98863.html





http://www.weeklystandard.com/blogs/dem ... 98863.html