As President Obama made a national television address he shared his „strategy“ for combating ISIS and its new worldwide threat of terrorism. He is betting that we’re nave and gullible about the whole thing. However, whatever he is planning to do about the new crisis is probably too little too late.
George Soros, the renowned hedge-fund king pin, is disliked for all kinds of reasons. His funding of a chain of leftist political causes is one of the top reasons for his widespread unpopularity. But his enemies still admire him for one simple reason. His prediction that very soon, the US stock market will collapse.
It was only four short years ago when the United States government used taxpayer’s money to pay out $45 million to rescue Bank of America from going out of business. Since that time, the bank has been embroiled in numerous investigations for fraudulent banking practices ranging from foreign-exchange to mortgages and paid millions in litigation. Now, the second-largest bank in this country in terms of assets needs to weasel $4.95 out of people who are barely making it in this economy and desperate to get a checking account. Is this a mere sign of penny-pinching banking practices or a symptom of something bigger going on like a small pimple that turns out to be cancerous. There is something not quite right here.
Perhaps, at an earlier time in our country’s history, it might have made sense for Secretary of State John Kerry to formulate a $1 billion loan guarantee for Ukraine. Besides working with the International Monetary Fund and international organizations to arrange the loan, the Obama administration is also considering additional direct assistance to Ukraine.
If you delight in skimming the headlines without reflection, you might think that better financial days are here again in the United States–or at least in the near future.