Monday, November 8, 2010

Binocular Snapshot for 11/08/2010

LastDayWatchers on and on God Curse of the Bush/Obama Administrations continues

Car bombings in Iraq kill 18

"In Karbala, a suicide bomber pulled up his booby-trapped vehicle alongside a bus carrying pilgrims from neighbouring Iran then detonated his payload, police officials said.
The explosion killed 10 people, four of them Iranians, and wounded another 42, hospital officials said.


The bomber struck in the northern part of Karbala through which traffic headed to Karbala's tightly-guarded shrines passes on the way down south from Baghdad.
The second attack targeted three buses carrying Iranian pilgrims, police said. A bomb blast killed eight people, six of them Iranians, and wounded 16 others, said Khaled Jashani, a member of Najaf's provincial council."

Recommended Reading

SPIEGEL: Interview With German Finance Minister Schäuble
'The US Has Lived on Borrowed Money for Too Long'

"SPIEGEL: Last week, the US Federal Reserve Bank decided to flood the economy with $600 billion in new money. Will this stimulate the economy as hoped?


Schäuble: I seriously doubt that it makes sense to pump unlimited amounts of money into the markets. There is no lack of liquidity in the US economy, which is why I don't recognize the economic argument behind this measure.


SPIEGEL: The US wants to depress the value of the dollar in this way, so that it can sell its products abroad more easily. In light of the ailing US economy, isn't that a completely reasonable strategy?


Schäuble: No. The Fed's decisions bring more uncertainty to the global economy. They make it more difficult to achieve a reasonable balance between industrialized and emerging economies, and they undermine the US's credibility when it comes to fiscal policy. It's inconsistent for the Americans to accuse the Chinese of manipulating exchange rates and then to artificially depress the dollar exchange rate by printing money."

Read the latest post of the May 15th Prophecy and you will see how 100% accurate it has been and will continue to be written at LastDayWatchers