After Years Of Reckless Lavish Spending By Robert Mugabe And Wife Grace Mugabe Zimbabwe Is Running Out Of Money While The Poor Go Hungry

 

Robert Mugabe and Grace Mugabe

In past Judiciary Report articles, such as on January 20, 2011 "Zimbabwe's First Lady Spending Money Like It's Water", the site denounced and warned against the lavish spending of Zimbabwe President, Robert Mugabe and his wife, Grace Mugabe. Using their nation's oil and gold riches, the couple took six figure shopping trips, bought luxury vehicles and built lavish mansions, which featured expensive furnishings and amenities, such as gold toilets and crystal chandeliers. 

This is one of my pet peeves, world leaders using state money to live in absolute luxury, while the people of their nations starve and go homeless. It is not right that a man is peeing in a gold toilet, while the poor in his nation "don't have a pot to p*ss in" as the phrase goes.

A new report issued a week ago indicates Zimbabwe is running out of money. One is not surprised. The Mugabes have misappropriated a few hundred million dollars that could have gone to feeding, clothing and housing the poor, as well as educating the country. Low income housing and newer hospitals could have been built as well. Low interest rate loans could have been issued to Zimbabweans to start small businesses to pull their families out of poverty. 

 

The lavish dining room in one of the $26,000,000 palaces Grace Mugabe built with the people of Zimbabwe's money, despite the fact there are high poverty levels in the country. There should be a law against such financial misappropriation of government funds. So many poor people could be fed, clothed and housed selling the Mugabe mansions bought with state funds. 

Over a decade ago, I saw a fascinating documentary on micro-loans issued to low income people in developing nations to start small businesses. It worked and they paid the loan money back. Some people who received micro-loans started small businesses that specialized in things such as selling and fixing bikes (in third world nations that heavily depend on biking as a mode of transportation). Some made clothes and other textiles by hand and sold them to the public. Some invested the loan money into agriculture, buying seeds to plant crops and raised chickens. 

A few months ago, I read an interesting article about Bill Gates, who has been working through his foundation to help poor people in places such as Africa. Gates stated if he was poor, he would buy a chicken, as they lay eggs that in turn produce more chickens and eggs that can be sold. Good turn over and a great idea for people in impoverished regions of the world.

Low cost housing with solar panels and water tanks (to catch rain water), communal wells, small vegetable patches in backyards, as well as chicken coops to raise chickens, could go a long way to helping poor people around the world. It is possible, but some nations' leaders, such as Mugabe, misappropriate money that could be used for such endeavors.

World leaders, especially in third world nations, which usually have a higher poverty rate, need to help the poor. There are small things that can be done to set them on the path to financial stability. Global healthcare also needs to improve. We need a stronger universal standard of care in the world, especially the third world, to address the problems facing the poor. Everybody deserves good health care.

 

STORY SOURCE

As Zimbabwe's money runs out, so does Mugabe's power

Fri Nov 25, 2016 | 10:04am EST - In Zimbabwe, where worthless $100 trillion notes serve as reminders of the perils of hyperinflation, President Robert Mugabe is printing a new currency that jeopardizes not just the economy but his own long grip on power. Six months ago, the 92-year-old announced plans to address chronic cash shortages by supplementing the dwindling U.S. dollars in circulation over the past seven years with 'bond notes', a quasi-currency expected at the end of November. 

According to the Reserve Bank of Zimbabwe (RBZ), the bond notes will be officially interchangeable 1:1 with the U.S. dollar and should ease the cash crunch. The central bank also promised to keep a tight lid on issuance. After a 2008 multi-billion percent inflationary meltdown caused by rampant money-printing, many Zimbabweans are skeptical. The plan has already caused a run on the banks as Zimbabweans empty their accounts of hard currency. Internal intelligence briefings seen by Reuters raise the possibility that the bond notes, if they crash, could spell the end of Mugabe's 36 years in charge... 

A Sept. 29 Central Intelligence Organisation (CIO) report revealed the powerful army was as unhappy as the rest of the population with the new notes and had told Africa's oldest leader to "wake up and smell the coffee". "Top security officers have told Mugabe not to blame them if Rome starts to burn," the report said...

http://www.reuters.com

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U.S. Attorney General Loretta Lynch Pleads The Fifth In Congress Keeping Silent About Why President Barack Obama Gave Iran $1.7 Billion Dollars In Violation Of American Government Policy

Barack Obama
 

It was recently revealed that U.S. President Barack Obama, gave Iran $1.7 billion dollars of taxpayer money, in violation of the American government policy. The Iranian government, who has nuclear ambitions, has repeatedly threatened to blow America off the map. Iran has made no secret of its contempt and hatred for America and wish to see the nation out of existence via nuclear strikes. Yet, Barack Obama took taxpayer money, and may I add, money he did not earn, and gave it to the Iranian government. 

The U.S. Congress pressed Obama's Attorney General, Loretta Lynch, on the matter and she suspiciously and incriminatingly pled the Fifth Amendment. The Fifth Amendment in America is apart of the U.S. Constitution one can invoke to prevent stating something that could lead to one's imprisonment. 

 

 
Loretta Lynch

I'm not even Attorney General and I want to discuss the matter as it is serious and alarming. Obama just outrageously gave $1.7 billion dollars, not even million, billion dollars, to a world government who has openly expressed it wants to use nuclear weapons to destroy America. Well, thanks to Obama, now they have the money to do so. This has got to be one of the stupidest, most sinister and corrupt things I have ever seen in my life. Obama needs to be held accountable for his behavior.

 

STORY SOURCE

Lynch ‘Pleads Fifth’ on Secret Iran ‘Ransom’ Payments

Obama admin blocking congressional probe into cash payments to Iran

October 28, 2016 11:22 am - Attorney General Loretta Lynch is declining to comply with an investigation by leading members of Congress about the Obama administration’s secret efforts to send Iran $1.7 billion in cash earlier this year, prompting accusations that Lynch has “pleaded the Fifth” Amendment to avoid incriminating herself over these payments, according to lawmakers and communications exclusively obtained by the Washington Free Beacon. 

Sen. Marco Rubio (R., Fla.) and Rep. Mike Pompeo (R., Kan.) initially presented Lynch in October with a series of questions about how the cash payment to Iran was approved and delivered. In an Oct. 24 response, Assistant Attorney General Peter Kadzik responded on Lynch’s behalf, refusing to answer the questions and informing the lawmakers that they are barred from publicly disclosing any details about the cash payment, which was bound up in a ransom deal aimed at freeing several American hostages from Iran. 

http://freebeacon.com

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Wikileaks Email Leak Reveals President Barack Obama Blacklisted Christians From Jobs In His Administration

 
Barack Obama
 

A Wikileaks email leak has revealed, U.S. President, Barack Obama, sent emails ordering his political advisors to discriminate against Christians and white people regarding job posts in his administration. Obama's email ordered that Muslims be hired, not Christians.

Well, would you look at that. Some black people who say they believe in God watched this man deviate from the tenets of the Bible, committing abomination after abomination against innocent people, arguing on his behalf against people they do actually know...over a man, Obama, they don't even know.

 

For years the Judiciary Report has repeatedly maintained that U.S. President Barack Obama is not a Christian, only stated he is a Christian to get elected and has been arrogantly and abusively acting in a discriminatorily and harmful manner against Christians. Obama has abused the post of president to harm Christians, in conduct that is malicious, mean-spirited and evil. Obama has an unhinged obsession with harming the rights and interests of Christians. 

Obama has behaved in an obsessive and abusive manner, going to extremes not even former President Richard Nixon touched. This led to the Judiciary Report breaking the story regarding the Obama administration targeting and abusing Christians via the IRS (not to mention the FBI, DOJ and NSA). 

My claims were later proven true when the story went mainstream 2-years later (News Report: The IRS Targeted Christians) then confirmed by congressional hearings, where IRS officials were excoriated for following Obama's corrupt, illegal orders. Then, many high profile Christians in America came forward stating the Obama Administration has been targeting them. It was a despicable thing for Obama to do and a gross abuse of his temporary authority as president.

It's a cowardly general that lets his soldiers take the fall for him. Obama is too much of a coward to accept responsibility for his illegal conduct in issuing such disgraceful, unlawful directives, that saw many Christians subjected to abusive financial and social discrimination and outright harassment by his administration. 

When I broke the story, I was credibly informed that the corrupt, illegal orders at the IRS came directly from Obama. The IRS did up and do this on their own. Yet, Obama's not even man enough to own up to it. Well, that's because he would go out like Nixon, needing a pardon from his vice president, for arrogantly breaking the law while head of state.

I do not understand people who behave in a discriminatory manner. I've always maintained the best, most capable person should get the job. As long as the individual passes the background check and is an upstanding person of good character, they should get the job. The best person for the job may be black, white, Hispanic, Arab, Asian, Indian  - you just don't know until you properly evaluate their resume (CV). To exclude people based on religion and or race is despicable.

Read more about Obama's maniac obsession with harming Christians: Obama Administration Wastes Huge Sums Of American Taxpayer Money Breaking The Law In America, Britain And Jamaica On Behalf Of Madonna's Kabbalah Center In Committing Egregious Human Rights Abuses

Then, there's this story that he has yet to explain, regarding three men who were seen dating him, ending up killed when he announced he is running for the presidency of the United States (Reports Indicate Obama Is A Gay Muslim Who Hates Christians With News Surfacing That Three Former Lovers Have Been Killed). 

Obama's whole presidency has largely been focused on passing laws for gay people. His only other main priorities at the White House have been giving a fortune to his cronies and America's enemies. Iran, a nation threatening to blow America up, was given a fortune in American taxpayer money by Obama this year (Obama Is Giving Iran 1.7 Billion Dollars In Taxpayer Money In Violation Of Longtime U.S. Policy).

Obama's administration gave ISIS a small fortune as well (Obama Administration Loses $500 Million Dollars In Taxpayer Money As Rebels They Trained Give U.S. Weapons And Equipment To Al Qaeda In Syria). Many in the international community state Obama created ISIS: Wikileaks To Drop More Damning Documents On Hillary Clinton Such As Arming Murderous ISIS Terrorists and Declassified Documents Reveal Barack Obama Ordered The U.S. Government To Train ISIS and The Obama Administration Trained ISIS Military Commander and Russia: Obama Is Protecting ISIS). Deny it all you want, the evidence is there in black and white. 

STORY SOURCE  

LEAKED: Obama Team Kept List of Muslims For Top Jobs, Excluded Non-Muslims

12:06 PM 10/24/2016 - The newest batch of John Podesta’s hacked emails released by Wikileaks shows Obama’s transition team kept lists of Muslim and Asian candidates for jobs in the administration. According to an email chain from 2008, John Podesta received lists of exclusively Muslims and Asians to be considered for jobs in the Obama administration. 

The email chain revealed that in this process, Middle Eastern Christians were purposefully excluded, or set aside in a separate list, with an aide writing...in the candidates for top jobs, I excluded those with some Arab American background but who are not Muslim (e.g., George Mitchell). Many Lebanese Americans, for example, are Christian. In the last list (of outside boards/commissions), most who are listed appear to be Muslim American, except that a handful (where noted) may be Arab American but of uncertain religion (esp. Christian)...

Another Wikileaks release showed the Obama transition team keeping extensive lists of non-white candidates for administration posts.

http://dailycaller.com

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Former Federal Reserve Chairman Alan Greenspan Sends Out Dire Warning About Obama Administration ‘Crazies’ Spending America Into Bankruptcy

Alan Greenspan
 

The Judiciary Report has consistently maintained for the past couple years that America is being spent into bankruptcy (Obama Economy Worst On Record Since The Great Depression). This week, former chief of the U.S. Federal Reserve, Alan Greenspan, stated in Washington, "It is the worst economic and political environment that I’ve ever been remotely related to. Politically, I haven’t a clue how this comes out. We’re not in a stable equilibrium. I hope we can all find a way out because this is too great a country to be undermined, by how should I say it, crazies."

The U.S. government, under President Barack Obama, has been undermined by "crazies." Right now Obama is trying to help elect one of those "crazies" in the form of Hillary Clinton (Hillary is not all there). Did you know that during Hillary Clinton's time as U.S. Secretary of State in the Obama Administration, $6 billion dollars went missing from the State Department. That's your tax money gone...stolen! To anyone who has not seen the documentary "Clinton Cash" I highly recommend you do so. The Clintons are crooks and criminals.  

President Obama has unwisely spent $1 trillion dollars while in office and the overwhelming majority of it went to fruitless endeavors. Not to mention Obama's expensive vacations (The Obamas Cost American Taxpayers $70,000,000 In Luxury Vacations And Fought To Hide The Bills Showing The Lavish Spending).

The Obama Administration has raided the U.S. Treasury
 

Obama's behavior is inexplicable. There's the massive pay for play scandal regarding unqualified individuals, who gave to Obama's election and reelection campaigns, being awarded posts in his administration and ambassadorial positions worldwide, representing America when they are politically and intellectually ill-equipped to do so. 

It is dangerous and not in the best interest of a nation to do such a thing. Politics is not a joke. Innocent people have and could die when unqualified people are given posts above their skillset. These individuals were given cushy jobs, with big salaries and lavish expense accounts all on the taxpayer's dime. That's your tax money wasted. 

Obama has inexplicably given $500,000,000 in taxpayer money to Al Qaeda and ISIS controlled terrorist groups in Syria (Obama Administration Loses $500 Million Dollars In Taxpayer Money As Rebels They Trained Give U.S. Weapons And Equipment To Al Qaeda In Syria). Obama has also inexplicably given Iran, a country threatening to wipe America off the map, $400,000,000 in ransom money for 4 people, when America's domestic and international policy has always been not to financially negotiate under such circumstances. 

STORY SOURCE

Greenspan Worries That ‘Crazies’ Will Undermine the U.S. System
 

September 14, 2016 — 12:02 PM EDT - Former Federal Reserve Chairman Alan Greenspan voiced concern that the U.S. economic and political system could be undermined by what he called “crazies.” “It is the worst economic and political environment that I’ve ever been remotely related to,” Greenspan, 90, told a conference in Washington Tuesday evening sponsored by Stanford University and the University of Chicago.

On the economic front, the U.S. is headed toward stagflation -- a combination of weak demand and elevated inflation, according to Greenspan. “Politically, I haven’t a clue how this comes out.” “We’re not in a stable equilibrium,” he said. “I hope we can all find a way out because this is too great a country to be undermined, by how should I say it, crazies.”…

Greenspan repeated his concern on Tuesday that increased government spending on social security and healthcare are crowding out private investment and leading to slower economic growth. He bemoaned the fact that neither presidential candidate was talking about reining in those expenditures.
“Nobody wants to discuss it” for fear of a political backlash, he said.

http://www.bloomberg.com

REPORT: Obama Admin Airlifted $400,000,000 to Iran as Americans Freed
 

2 Aug 2016 - Seemingly violating the claim that America doesn’t negotiate with terrorists and hostage takers, reports have revealed that the Obama administration organized an airlift to transport $400 million in cash to Tehran which coincided with the January release of four Americans taken prisoner by Iran. 

Reports say wooden pallets stacked with a variety of currencies were loaded onto an unmarked cargo plane and flown to Iran. American officials procured the money from banks in Switzerland and the Netherlands, according to the The Wall Street Journal report. The money was purportedly only the first installment of a $1.7 billion deal the Obama administration reached with Iran over an arms deal brokered with the Shah of Iran just before the Mullah’s took over in 1979. 

But the payments also came just as Iran was releasing Washington Post reporter Jason Rezaian, former U.S. Marine Amir Hekmati, Christian pastor Saeed Abedini, and Nosratollah Khosravi-Roodsari in January of this year... 

http://www.breitbart.com

$6 Bil Vanishes From State Dept. Under Hillary Clinton
 

APRIL 07, 2014 - In a mind-boggling example of how the government blows—or perhaps steals—our tax dollars, billions vanished from the U.S. State Department mostly while Hillary Clinton ran it, according to a new alert issued by the agency’s inspector general. 

Could the former Secretary of State be using the cash to fund an upcoming presidential campaign? In all, $6 billion are missing and it’s highly unlikely any of the money will ever be recovered. The cash was supposed to be used to pay contractors but it just disappeared and documents that could help track the dough cannot be located. How convenient! The paper trail, which federal law says must be maintained in the case of government contracts, has been destroyed or was never created to begin with...

http://www.judicialwatch.org

State Dept. misplaced $6B under Hillary Clinton: IG report
 

Friday, April 4, 2014 - The State Department misplaced and lost some $6 billion due to the improper filing of contracts during the past six years, mainly during the tenure of former Secretary of State Hilary Clinton, according to a newly released Inspector General report. The $6 billion in unaccounted funds poses a “significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” according to the report.

http://www.washingtontimes.com

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The Obama Administration has been touting the allegedly low unemployment rate, while glossing over the fact over 94,000,000 Americans have been removed from employment rolls, as they’ve given up trying to find a job. A new report reveals 1 in 6 able bodied American men is unemployed, having given up searching for a job because they simply can’t find one.

The record spending Obama has done to the tune of trillions of dollars, including giving himself and his family of four $70,000,000 worth of vacations since taking office in 2009, has made the U.S. economy infinitely weaker (The Obamas Cost American Taxpayers $70,000,000 In Luxury Vacations And Fought To Hide The Bills Showing The Lavish Spending). During this time, China, the world’s top supplier of goods, has surpassed the U.S. economy as the biggest in the world. The U.S. government continues to proclaim America the richest nation on earth, but it is debatable at this point in world history. 

Barack Obama

 

What is on track to happen due to Obama’s wild spending is America heading for bankruptcy. The treasury is going to run out of money at this rate. A time is coming when the federal government will no longer be able to afford to financially stay afloat. Obama simply spent too much money, more than the second biggest spender in American history, former president, George W. Bush. Austerity (for a time) is not a bad thing. Austerity is not a bad word. Throughout history it has saved global economies.

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Singer Ciara Sues Rapper Future Again But This Time For Costing Her A $500,000 Cosmetics Contract

Ciara

 

Atlanta singer Ciara has been busy honeymooning with NFL football star, Russell Wilson, as the two recently wed after dating for one year. However, Ciara had her lawyer file another lawsuit against rapper Future (real name Nayvadius Wilburn) who is the father of her 2-year-old child, Future Wilburn. The former couple are no longer friends due to his poor behavior. 

Future

 

Ciara contends in her new lawsuit that rapper Future slamming her on social networking, making fraudulent claims online which led to a defamation lawsuit, cost her a $500,000 contract with a cosmetic company. The negative publicity from Future scared away the international cosmetics company.

  

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Be Careful Using Paypal To Process Credit Card Transactions Online As They Are Reversing Payments Without Just Cause After Merchandise Is Shipped Out To Customers

Something strange is going on at the California based payment processing company Paypal. People use the company to process financial transactions online, to avoid having to give different online merchants their credit card information. However, small and midsize businesses such as online stores and auctions are using Paypal as well to process financial transactions for the products they sell online, but to disastrous results.  

I have read of cases regarding people with online stores selling items over the internet using PayPal to accept the credit card payments, then shipping the products out to customers, only to have PayPal mysteriously reverse the payments weeks or months later. Small and midsize online stores are getting burned by PayPal as they ship out the merchandise to customers, then the credit card payments get reversed by Paypal, leaving them with no money for their sales and no merchandise, as the customer already has it in their possession. 

Let that sink in, there are a number of cases popping up regarding Paypal, not the paying customers reversed the financial transactions, after the customers received the merchandise, leaving online merchants without the merchandise or money for their hard work. 

I've seen documentation of this with my own eyes. After Paypal collects the money for the credit card transactions, plus transaction fees and the cash is sitting in their corporate bank accounts gaining interest, weeks or months later they reverse it, then feed the online store owners lines like they didn't sign up for Paypal correctly or didn't complete sign-up. Oh really?

My question is, if someone signs up for Paypal, provides their name, address, identification, bank account information, company registration and you Paypal give them the necessary processing codes to place on their site to allow Paypal to accept credit card payments on their behalf, how did they not sign up correctly? What kind of fraud is Paypal running and they've taken the fraud worldwide, defrauding private citizens selling items and online store owners. Therefore, the problem has gone worldwide. Once again, I've seen documentation of it with my own eyes. 

The Obama Administration has also been using Paypal to financially damage people it deems political enemies, in conduct that is completely criminal, discriminatory and a violation of their oaths of office. There are many noted cases of the Obama Administration engaging in this criminal behavior and it is disgraceful (much like they've corrupted Google). No administration is U.S. history has so politically tampered with the American business sector and in such insidious ways.

Something very weird and criminal is going on at Paypal that could cost you your online business. Be very careful of them. Paypal has become a danger and a liability for online stores who account for billions of dollars in trade every year.  

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Trump And Trade: Donald Trump Lashing Out Against America's Trade Partners In The World

Donald Trump

 

Donald Trump has been railing against China, India, Mexico and the European Union, regarding their trade status with America, even though the aforementioned countries are good nations to do business with in the global marketplace. Trump keeps adding nations to his grievance list. Trump has also been complaining of Americans jobs being shipped abroad for lower wages in foreign nations, which aides U.S. companies in showing greater financial profits and lower costs (stock market). Even 30-years ago, Trump made an appearance on the Oprah Winfrey Show complaining about Japan and Kuwait, stating their trade deals with America are negative.

 

Donald Trump's hair and skin looked normal in this video. Why he's gone orange in the skin department is anyone's guess.

Trump's speech in slamming America's trade partners is inadvisable. It is not wise to unnecessarily make enemies out of trade partners (or anyone for that matter). The countries Trump has been slamming have not done anything harmful or out of the ordinary to America in the area of trade. However, some American companies have exported jobs abroad and are not being taxed correctly in America, which has been occurring under the previous and current presidential administrations. Rich companies have been given sizeable tax breaks.

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Presidential Poll: Americans Believe Donald Trump Would Handle The Economy Better Than Hillary Clinton

Presidential Poll: Americans Believe Donald Trump Would Handle The Economy Better Than Hillary Clinton

Donald Trump

 

A newly conducted CNN poll reveals Americans are of the belief, Donald Trump, would handle the U.S. economy better than rival, Hillary Clinton. 51% of Americans believe Trump would do a better job with the economy, as opposed to 43% who favored Clinton. Trump and Clinton are currently squaring off in the 2016 presidential election and vying for votes in a contest that is the most contentious to date.

Clinton’s campaign is largely being funded by the Saudi Arabian royal family and other foreign donors. She is using the contacts of husband and former President, Bill Clinton, to raise money. Clinton currently has $48,000,000 in donations. Trump, on the other hand, has received far less donations, totaling $1.5 million dollars. This is ironic, as he had the most votes in the primaries. For Trump to gain more donations, he would have to seek out business associates and request his many voters give to his campaign. Trump has stated he will self-fund and he can afford it. $48,000,000 is chump change to him.

While it is true Trump has far more business experience than Clinton, she is painting him as someone who would bankrupt America. The fact of the matter is both Clinton and Trump have been the subject of big financial scandals. The difference is Trump knows how to use the business system to make money, while protecting his own wealth and assets, even if investors and banks get burned in the process (he has filed for business bankruptcy 3 times). He’s as rich as ever. Trump owns many valuable properties.

In contrast, Clinton is constantly slipped crooked money from all over the place in shady financial dealings she conducts offshore, in exchange for favors using her U.S. government contacts (also known as bribe money). Clinton has bank accounts all over the place in the international community containing questionably acquired funds. The Colombian government recently called Clinton’s conduct into question, forcing her to shutdown a secret company she created in their nation, to quietly solicit money from all over the world, like it was a hedge fund. However, it was no such thing.

Clinton is not a moneymaker, per say. As president she would not know how to make money for America. She is used to being given money for things she will not honestly talk about in a public interview, for fear of being hit with criminal charges. Trump knows the banking system and financial world in general. However, if he became president the problem is he could bend to the will of the rich in America and let them stick it to and rip off the poor and middle class, as former President George W. Bush did when he was in office.

Hillary Clinton

 

As stated in past columns, the $1 trillion President George W. Bush spent on wars was devastating to the American economy. However, the record spending current President Barack Obama has done, has firmly set America on the path to bankruptcy within the next few years. The laws Obama had pushed through Congress is also doing its share of the damage in leading America towards bankruptcy.

Bank Of America recently released a statement revealing the cash levels in America are consistent with a recession. This concurs with claims made by other financial institutions and organizations, insisting the U.S. economy is still in bad shape. The financial crisis from 2008 is still raging on. However, select press outlets have exposed the fact accurate numbers are not being released by the government to cover up the toxic data (The Washington Post Accuses Congress Of Covering Up The True State Of The U.S. Economy). It is the same tactic President Bush used to cover his backside after greatly damaging the economy.

You can’t keep “kicking the can down the road” as the phrase goes, as you will reach the end of the road at some point. That time is rapidly approaching. As another phrase goes, “The buck stops here.”
This unruly financial spending is destroying America. For several years, the Judiciary Report has repeatedly emphasized the benefits of austerity to correct financial deficiencies in global economies, but Washington has opted to do the opposite, spending like a drunk gold-digger at the mall and the negative results of those poor choices will surface in full in the next few years.

The government hates honest criticism and correction. They prefer you kiss their butts and tell them what they want to hear…even if their course of action destroys the country.

 

Barack Obama

So, Washington, keep on spending like a gold digger at the mall with a famous man’s credit card, because to pay for those debts you are racking up, someone is gonna get screwed (sarcasm). In this case, it’s the U.S. taxpayers. America is steadily skidding towards bankruptcy due to the record spending Obama has done. As it progresses without correction on the government’s end, there will not be enough money for the federal government. Social Security is also in jeopardy.

From the beginning of Obama’s presidency I wrote that his financial plans would not work for America due to his announced massive spending initiatives, poor tax collection plans and overall lack of austerity. Now at the end of his presidency, you see that it has not worked.

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Newly Released Financial Data Reveals America Has Hit An Unprecedented Economic Low Under President Obama

Drudge Report headline about Obama economy
 

U.S. President, Barack Obama, much like his predecessor, George W. Bush, has been hiding the true state of the American economy. A report released this week reveals the U.S. economy has hit an unprecedented low under President Obama. If Obama had spent more time concentrating on America's finances and less time partying with Hollywood in the White House and meddling in Britain, this wouldn't be happening. 

   

Barack Obama

 

The report reveals Obama officially has the worst GDP rate in American history. George W. Bush created the financial crisis with his terrible spending and poor governance. Obama spent even more money than Bush, which made America's financial problems worse. Obama also spent a massive amount of time trying to get even with people over perceived wrongs he felt occurred against him, abusing his post as president.

 

FBI Director James Comey, former FBI Director Robert Mueller and U.S. President Barack Obama

 

Bush and Obama have opted to cover up the true extent of the financial problems in America and in doing so have done the nation a great disservice. It has created a black mark on their respective legacies. America needs austerity for a time. There's no way around it at this point. Anyone telling you otherwise is being deceitful. 

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SIMPLY THE WORST=> Obama is First President Ever to Not See Single Year of 3% GDP Growth 

Jim Hoft Apr 28th, 2016 11:12 am - Obama’s just like Reagan… Except when he isn’t. The rate of real economic growth is the single greatest determinate of both America’s strength as a nation and the well-being of the American people. On Thursday the Commerce Department announced that the US economy expanded at the slowest pace in two years. GDP growth rose at an anemic 0.5% rate after a paltry 1.4% fourth quarter advance. 

Ronald Reagan brought forth an annual real GDP growth of 3.5%. Barack Obama will be lucky to average a 1.55% GDP growth rate. This ranks Obama as the fourth worst presidency on record. Barack Obama will be the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth. According to Louis Woodhill, if the economy continues to perform below 2.67% GDP growth rate this year, President Barack Obama will leave office with the fourth worst economic record in US history. 

Assuming 2.67% RGDP growth for 2016, Obama will leave office having produced an average of 1.55% growth. This would place his presidency fourth from the bottom of the list of 39*, above only those of Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%).

http://www.thegatewaypundit.com

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Tyga Loses Bentley And Lamborghini Automobiles For Non-Payment

Tyga

26-year-old rapper Tyga spread himself too thin financially and his assets are being repossessed left, right and center. Not only was Tyga evicted from a mansion he was renting in the Hollywood Hills, according to the website TMZ, two of the rapper's cars have been reposed. Tyga’s Lamborghini and Bentley were repossessed over missed payments on cars worth a combined total of $500,000. The Mercedes SUV he owns is up for repossession as well, but the car dealer has been unable to retrieve it from the home of Tyga’s girlfriend, reality star, Kylie Jenner, who lives in a gated community. 

Tyga and Kylie Jenner

 

Tyga leased and financed luxury items to keep up appearances, but he did not have a steady income stream to cover the price of the items. To create and maintain an inaccurate image, Tyga got himself into massive debt and is losing all his assets as a result. It is better to by a simple condo/flat and one car, than to lease a massive mansion and buy three cars you can’t afford to pay for long term. All his money just went down the toilet, whereas he could have paid off and owned free and clear the condo/flat and one car with that same money he used to lavishly lease a mansion and finance 3 vehicles, none of which are his now. 

Tyga and his Mercedes SUV he gave to Kylie Jenner

 

He’s not the only one doing this. A number of entertainers are leasing and financing homes and vehicles they can’t afford, to portray an inaccurate image about their finances, for social networking (Instagram) and television. There are many people in this world, such as myself, who are not impressed by displays of wealth. You’re getting into debt to keep up appearances, when many people don’t care about such things.

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Don't Let Her Bankrupt You

Floyd Mayweather Retires With $1B In Earnings And Manny Pacquiao With $500 Million Proving Boxing Is A Lucrative Sport

Manny Pacquiao and Floyd Mayweather after May 2, 2015 fight

The career earnings of recently retired 39-year-old boxer, Floyd Mayweather, is approximately $1 billion dollars. The career earnings of Mayweather's top rival, 37-year-old Manny Pacquiao, who announced his retirement as well, is approximately $500,000,0000, according to an article published on the Forbes website. Those are staggering figures for any athlete in any sport. There are a number of other boxers who have become multi-millionaires from boxing as well.

Some may scoff at earning a living from boxing, but many athletes have used the sport to support themselves and their families quite well. They've proven boxing can be a great source of income. It takes hard work, dedication, discipline and practice, but it can be done. It also takes good business management. When some people hear and read about the big financial figures being tossed about, it sometimes brings out the greed and envy in them and they try to rip boxers off. So, you have to be careful. Know what you are signing and how your money is being collected and spent.

There are things you can do to help and protect yourself. My dad, a former professional athlete and coach, is of the belief it is a good idea that young boxers seek out the knowledge and assistance of older, veteran boxers. His advice regarding the subject is, "Find a good, old boxer." They can give you tips on life inside and outside the ring, in sharing their experiences. Many of them enjoy being in boxing gyms and soaking up the atmosphere, long after they've retired. Talk to them and see what you can learn. 

Timothy Bradley and Manny Pacquiao during April 9, 2016 fight

Mayweather, for instance, had the benefit of his father and uncles, former professional boxers, training and guiding him. It made a big difference. He benefited from their experiences in the ring. Mike Tyson was trained by boxing veteran, Cus D'Amato, who was a boxer and had decades of experience as a trainer when he took Tyson under his wing. Current world champ, Tyson Fury, was trained by his dad, a former boxer (as well as his uncle Peter Fury) and he gained from their experiences. There are tricks of the trade and when you have someone who has been through it helping you with your career, it will benefit you.  

Be careful listening to friends who are not knowledgeable on the sport. They may mean well (while some are just hanging around hoping you'll make money and acquire other material things they can get) but if they don't know the sport and they are trying to assist in training you, they could be telling you things that will lead to you forming bad boxing habits that could cause you trouble in the ring. Keep your practices and form textbook correct, punch perfect.

Even though you are just starting your career, you have to think ahead. Don't do things now that you will regret later. I've often written in this column that entertainers and athletes need to keep their image as family friendly as possible, because it sets a good example and will lead to endorsements that can support you and your family. People make millions of dollars from endorsements alone (this is on top of purse money). So, stay out of trouble and be careful of what you post on social networking.

 

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Floyd Mayweather: By The Numbers

 May 2, 2015 @ 06:49 PM 48,556 views - Floyd Mayweather (47-0) faces Manny Pacquiao (57-5-2) in the “Fight of the Century” Saturday night from the MGM Grand Garden Arena in Las Vegas. The sports world has waited nearly six years for boxing’s two biggest stars to square off in the ring with many figuring it would never happen thanks to the animosity between the camps of the two champions. But the money was too much to resist for all parties involved and off we go. Win or lose, no one will make off better financially on Saturday than Mayweather. He stands to make at least $150 million from the bout cementing his place on top of the world’s highest-paid athletes.

$99.99: Record cost of Saturday’s fight in HD. Standard definition is $89.99.

$400,000: Value of Rolex watch Mayweather received from the MGM Grand as a gift.

$750,000: Cost for Mayweather to get out of his Top Rank contract in 2006. It was the best investment in the history of boxing.

2.48 million: Record PPV buys for his 2007 fight against Oscar De La Hoya.

5.9 million: Mayweather’s Twitter TWTR +4.83% followers, which ranks seventh among active American athletes. LeBron James leads among U.S. athletes with 20.8 million. Mayweather also has 10 million Facebook fans.

14.5 million: Total career PPV buys for Mayweather fights, which ranks first all-time.

$25 million:  Mayweather has earned at least $25 million for each of his past 10 fights. Saturday night marks No. 11.

$41.5 million: Record guarantee Mayweather received for his 2013 fight against Canelo Alvarez.
 

$72 million: Record live gate for Saturday’s fight. The previous record was $20 million for Mayweather-Alvarez.
 

$73 million: Mayweather’s total earnings for his fight against Alvarez, including his share of PPV revenue.
 

$123 million: Cash in Mayweather’s bank account, according to a 2013 ESPN The Magazine profile, before his $73 million Alvarez payday.
 

$153 million: Record PPV revenue for Mayweather-Alvarez.
 

$200 million: The amount Mayweather says he will make from Saturday’s fight. He’s being a tad optimistic unless the PPV buys go nuts. Mayweather posted on Instagram in 2014 that he would make $70 million from his first Marcos Maidana fight after the PPV money was counted. Mayweather made $32 million.

$420 million: Mayweather’s career earnings ahead of Saturday’s fight.
 

$873 million: TV revenue generated from Mayweather’s 13 PPV fights, which ranks first all-time. He’ll move past $1 billion Saturday night.

http://www.forbes.com 
 
Manny Pacquiao Set To Retire After Bradley Fight With $500 Million In Career Earnings
 

Apr 9, 2016 @ 10:00 AM 22,269 views - Update: Pacquiao won a unanimous decision against Bradley and reiterated that he is retired “as of now.” Manny Pacquiao squares off in the ring against Timothy Bradley Saturday night at the MGM Grand Garden Arena in Las Vegas.

Pacquiao says it will be his final bout, although many are skeptical, including his trainer Freddie Roach and long-time promoter Bob Arum. Pacquiao reiterated his stance at Wednesday’s press conference as he plans to focus on his political career with a senate election on the docket next month in the Philippines. “This is my last fight,” he said.

If it is the end of the road, Saturday’s fight will wrap an extraordinary run where Pacquiao rose from living in a cardboard shack in the Philippines to one of the most marketable and bankable athletes on the planet who won world titles in a record eight divisions. The result after Saturday: Pacquiao will have earned $500 million from boxing purses and endorsements during his two-decade professional career...

 http://www.forbes.com

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