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THIS BLOG's GOAL IS TO OBJECTIVELY INFORM.EVERYONE IS WELCOME TO COMMENT

CE BLOGUE A POUR BUT D'INFORMER DE MANIÈRE OBJECTIVE

E. do REGO

IL EXISTE MILLE MANIERES DE MENTIR, MAIS UNE SEULE DE DIRE LA VERITE.

Le Mensonge peut courir un an, la vérité le rattrape en un jour, dit le sage Haoussa .

Tant que les lions n’auront pas leurs propres historiens, les histoires de chasse continueront de glorifier le chasseur.










Wednesday, April 17, 2013

Key provisions in 'Gang of Eight' Senate proposal on immigration


Path to Citizenship

Most of the 11 million people who are in the country illegally could apply for a green card after 10 years and citizenship three years after that.
Applicants must pay a $1,000 fine, pay back taxes, learn English, remain employed and pass a criminal background check.
Immigrants must have arrived in the United States before Jan. 1, 2012, to be eligible.
Dream Act youth can obtain green cards in five years and citizenship immediately thereafter.

Border Control

The Department of Homeland Security will receive $3 billion to improve border security through surveillance drones and 3,500 additional customs agents; $1.5 billion for fencing.
Within five years, DHS must achieve 100 percent surveillance of the southwest border with Mexico and apprehend 90 percent of people trying to cross illegally in high-risk sectors (areas where more than 30,000 people are apprehended annually).
If DHS does not meet the metrics, a border commission composed of governors and attorneys general from border states would be given five more years and additional funding to implement more stringent measures.
The government must implement an exit/entry tracking system at ports of entry to determine whether foreign visitors or workers overstay their visas.

H-1B high-skilled visas

Visas for highly skilled engineers and computer programs would double from 65,000 to 110,000. In future years, the cap could rise to as much as 180,000.
Require employers with large numbers of H-1B visas to pay higher salaries and fees.

Guest worker “W-visa” program

New visa program for 20,000 foreigners in low-skilled jobs starting in 2015. Number of visas increases to 75,000 in 2019.
New federal bureau to analyze employment data to make recommendations for annual guest-worker visas caps beginning in 2020, to exceed no more than 200,000 annually.
Construction companies limited to no more than 15,000 visas per year.
“Safety-valve” to allow additional visas over the annual cap provided employers pay workers higher wages.

Farm worker H-2A program

Visas for agriculture workers limited to 337,000 over three years
Wages based on survey of labor-market data for various farming jobs.

Changes to family visa program

Eighteen months after the law takes effect, eliminates visas reserved for foreign brothers and sisters of U.S. citizens, and married children over 30 years of age.
Eliminates diversity visa program starting in 2015. Creates new merit-based visa category using point system based on family ties and work skills.

Tuesday, April 16, 2013

Senators to release immigration plan, including a path to citizenship


By Updated: Tuesday, April 16, 12:01 AM

Millions of immigrants living illegally in the United States could earn a chance at citizenship under a sweeping Senate proposal to be released Tuesday that would represent the most ambitious overhaul of the nation’s immigration system in three decades.
The highly anticipated proposal from an eight-member bipartisan group also aims to stem the flow of undocumented immigrants into the country by creating tens of thousands of new visas for foreign workers in low-skilled jobs, according to a 17-page summary of the bill obtained by The Washington Post.
In addition, billions of dollars would be invested in new border-control measures, including surveillance drones, security fencing and 3,500 additional federal agents charged with apprehending people attempting to enter illegally from Mexico.
The legislation — marking the first comprehensive effort since a 2007 plan died in the Senate — is intended to largely solve the problem of illegal immigration while clearing a backlog of millions of foreigners trying to enter the country through legal channels.
The senators declined to discuss the details of the bill, but members of the group briefed colleagues in both congressional chambers Monday night, including the Congressional Hispanic Caucus, aides said. The group had planned to unveil its proposal at a high-profile Tuesday news conference, but that event was canceled in light of the deadly bombings at the Boston Marathon, legislative aides said late Monday.
At the White House, the Obama administration reacted positively to the news that the group had a deal. President Obama, who won 71 percent of the Latino vote last fall, has made immigration reform his top second-term priority.
“The president is very pleased with the progress we’ve seen thus far,” press secretary Jay Carney said. “We will evaluate the legislation when we get the final language. But what we have seen is a remarkable, in Washington, level of consensus between and support for bipartisan and comprehensive immigration reform. . . . And we remain cautiously optimistic that this progress will lead to legislation that can pass and the president can sign.”
Two members of the group, Sens. Charles E. Schumer (D-N.Y.) and John McCain (R-Ariz.), will meet with Obama on Tuesday to discuss the bill, said a person familiar with the schedule.
The Senate Judiciary Committee has scheduled hearings Friday and Monday on the bill, which is hundreds of pages long. Opponents of a deal have denounced portions of the plan, and some senators are expected to offer a flurry of amendments designed to upset the fragile balance of the agreement. Similar tactics helped doom the 2007 effort.
“This is legislation that rivals in impact the health-care legislation,” Sen. Jeff Sessions (R-Ala.), a leading critic of the reform effort, said in an interview Monday. “It needs careful scrutiny. Having a hearing Friday and Monday when most members of the Senate aren’t even here is proof that they desire no real public airing on the issues. That’s very unacceptable.”
Each provision in the legislation was rigorously negotiated in two dozen private meetings with the senators, but it is the path to citizenship that is likely to cause the most vigorous public debate.
Many Republicans oppose such a plan, saying it rewards lawbreakers by granting them amnesty. But advocates say most undocumented immigrants live in fear of deportation despite being otherwise lawful residents who came seeking employment or to be reunited with their families.
The Senate bill would allow most undocumented immigrants who arrived in the country before Dec. 31, 2011, to immediately gain “registered provisional” status after paying a $500 fine and back taxes, provided they have not committed a felony or three misdemeanors.
They could then apply for permanent resident status in 10 years after paying additional fees. Three years later, they could apply for citizenship, according to the plan summary. The fastest path to full citizenship would take 13 years, according to the legislation, but it could take longer in some cases, Senate staffers said.
The path would be easier for “Dreamers” — people brought to the country illegally by their parents at a young age — who would be able to apply for a green card in five years and citizenship immediately thereafter. Foreign farmworkers would have a similar path to help patch a shortage of such workers in the country.
“We’re in the fifth year of very high unemployment,” said Roy Beck, chief executive of Numbers­USA, a group that advocates for lower immigration. “We’re in a terrible situation for American workers. People at the lower levels have seen real wages decline. Given that backdrop, why would you grant people amnesty?”
The senators say the bill will require the government to implement strict new border-control measures — including up to $7 billion in new surveillance drones, fencing, border guards and workplace tracking systems — before the undocumented immigrants are granted green cards. The bill stipulates that the government must surveil 100 percent of the border and apprehend 90 percent of the people trying to enter illegally in high-risk sectors.
“Amnesty is the forgiveness of something. In fact, there will be consequences for having violated the law, the type of consequences that ensure that there’s no incentive to do it this way again,” Sen. Marco Rubio (R-Fla.), a member of the bipartisan group, said on NBC’s “Meet the Press” on Sunday.
Obama has said he will not support a path to citizenship that is tied to specific “triggers” on border control. Asked whether the president could accept the border-control principles in the Senate group’s proposal, Carney responded: “I think that while we have not seen final language on the legislation that the Gang of Eight will be putting forward, as we understand it, it is consistent with the president’s position.”
While trying to address the problem of illegal immigration, the Senate bill also aims to clear a backlog of more than 4 million foreigners around the world who have applied for family-based visas to be reunited with relatives in the United States.
But the proposal would also put more emphasis on “merit-based” work skills than on family ties over the ensuing years.
The bill proposes eliminating 70,000 green cards reserved for brothers, sisters and adult married children of U.S. residents, as well as a diversity lottery aimed at giving green cards to people selected at random from foreign countries each year.
On the flip side, the legislation would create an estimated 220,000 new green cards for people with exceptional work skills, including entertainers, scientists and professors.
Under current law, only about 14 percent of green cards are granted to people based on employment needs, but one Senate aide estimated that the percentage could eventually increase to 45 or 50 percent under the proposal.

Wednesday, April 10, 2013

The bitcoin bubble explained: Understanding the mathematics of the inevitable bitcoin crash



by Mike Adams, the Health Ranger, NaturalNews Editor 

(NaturalNews) John, Mary and Kate are three "investors" who are buying bitcoins. Each time one of them buys a bitcoin, the value of bitcoins rises due to increased demand.

John got in early and bought 10 bitcoins for $1 each. So John's investment is a total of $10.

Mary got in a month ago and bought 10 bitcoins for $20 each. So Mary's total investment is $200.

Kate just bought her bitcoins, purchasing 10 of them for $200 each. So Mary's total investment is $2,000.

The total amount of their combined purchases as $10 + $200 + $2000, or a grand total of $2210.

But the three of them, in total, THINK they have a grand total of $6,000 worth of bitcoins because ALL the bitcoins they purchased are now "valued" at the most recent purchase price of $200.

In other words:

John currently owns 10 bitcoins valued at $200 each, so John thinks he's got "$2,000 worth of bitcoins" in his account.

Mary's 10 bitcoins are also valued at $200 each, so Mary thinks she's got "$2,000 worth of bitcoins."

Kate's bitcoins are also worth $200 each, so Kate has $2,000 worth of bitcoins.

In total, these three people believe they have $6,000 worth of bitcoins.

Yet, they only "invested" $2210.

Somehow, $3,790 in "value" was created out of nothing.

Where did this extra $3,790 come from?

Answer: It doesn't exist. It is an illusion.

Bitcoins, like stocks, create the illusion of free wealth during a rise in valuation

In truth, John, Mary and Kate are all suffering under a shared delusion by thinking they each possess $2,000 worth of bitcoins. All currencies are shared delusions, including the U.S. dollar. They only hold their value as long as very few people sell the currency. Once a selloff begins, the mathematical process that created the excess "virtual valuation" reverses itself, destroying valuations across all the investors.

All currencies depend on "faith" in the currency. That's why the U.S. dollar is claimed to be backed by the "full FAITH and credit of the U.S. government." Without the faith, the currency collapses.

Bitcoin valuations also require faith... faith that a large selloff will not occur. Because if it does, prices will naturally fall as the supply of bitcoins increases due to people selling them into the market. Here's how that will happen (in reverse of the earlier example):

Kate sells first, commanding $200 for each bitcoin she sells, so she recovers her full $2,000 in US dollars.

By the time Mary tries to sell, bitcoin prices have collapsed to $20 per bitcoin. So she gets $200 for selling her bitcoins.

Finally, John is the latest to sell, and by that time prices have collapsed to $1 per bitcoin, so John gets $10 for selling his.

What's the total cash they all got out? $2,210. Importantly, this is NOT equal to $6,000 -- the dollar amount they all believed they had in bitcoins.

The brings up a truism about any such investment vehicle, including currencies, stocks and bonds:

Perceived valuations do not reflect the actual cash value to be received during a mass selloff. What they reflect is the maximum optimism, multiplied across all account holders, based on the last selling price.

Here's another way to understand this

Suppose one million people currently own one bitcoin each, and the latest selling price for bitcoins is $200.

This means the total valuation of the currency is $200 million (i.e. $200 x 1 million).

Now, suppose some guy gets excited and offers to buy just ONE bitcoin at $220, signifying a $20 price increase. A seller figures, "Well, I'll make twenty bucks" and sells him the bitcoin at $220.

Now, suddenly, $220 is the latest selling price for bitcoins, making it the new valuation for ALL bitcoins. So those one million people who all own bitcoins now think each of their bitcoins has gone up by $20. This has the effect of creating $20 million in extra valuation out of thin air.

Yep, suddenly the total valuation of bitcoins is $220 million instead of $200 million, and this was all due to ONE transaction placed by ONE person, using nothing more than $220 in U.S. currency to make the transaction.

Now you see how easily the central banks could be manipulating bitcoins into a sky-high bubble followed by a crash.

How the central banks can easily crash bitcoin valuations back to historical values

If you're a central banker, you hate bitcoin. You want to see it destroyed, of course, but more importantly you want to see it discredited. You want to portray it as a "pyramid scheme" that ultimately hurts a lot of people. And you want to promote the "safety" of government-backed banks (i.e. central banks).

How to accomplish this? It's stupidly simple: Just start creating money out of nothing (i.e. crank of the U.S. dollar printing presses) and use that fake fiat currency to purchase billions of bitcoins at ANY price, driving bitcoin valuations sky-high.

Keep pumping money into bitcoins until the speculators ("fools") jump on board, thinking they're all going to get instantly rich by joining the latest new "free money fad."

Stand back as the bitcoin valuations reach the stratosphere, suckering even more people into parting with their hard-earned cash by buying into the system.

And then, when the timing is right, start SELLING billions of bitcoins into the marketplace at any price. FLOOD the marketplace with your entire inventory. The price support for bitcoins will shudder and collapse, and once the collapse begins, fear will kick in and sellers will pile on. As the prices collapse even further, fear will turn to panic, and people will attempt to "sell everything at any price!"

That's the point where bitcoin crashes hard, thereby accomplishing the exact goals of the central banks. History shows that markets crash FASTER than they rose, so you can expect the eventual bitcoin crash to be wildly accelerated in terms of velocity. Billions of dollars in valuation will be wiped out overnight, and more importantly, the reputation of bitcoin will be destroyed.

Mission accomplished for the criminal central banks who excel in market manipulations and psych warfare.

How high will bitcoin go before the crash?

Mark my words: Bitcoin is headed for a disastrous crash. All the signs are there. It's undeniable. When speculative investors, driven by greed, flood a particular investment vehicle creating a fast-expanding bubble, a crash is inevitable.

But nobody knows just how high bitcoin might go before greed turns to fear. It could reach $500, $5,000 or even $50,000 per bitcoin before this happens. If more craziness unfolds in the EU, that could also accelerate a rush of capital into bitcoins, causing their value to skyrocket even more.

But make no mistake: Bitcoin has now become a casino. If you are buying bitcoin right now, you are gambling with your money. There's a sucker born every minute... try not to be one of them.

The only smart play right now is to buy bitcoins at market while having an automated sell system in place to sell bitcoins if they drop to a specified trigger price (a non-expiring sell order). To my knowledge, this can only be accomplished through custom software development, not through any existing bitcoin wallet service or exchange service.

The few smart people who manage to build such systems and deploy them will likely become millionaires. Everybody else who depends on human reaction times in an attempt to try to "time the market" will ultimately be the losers. If you are buying bitcoins right now and thinking to yourself, "I'm gonna buy today, hold them, and sell at the top!" then look in the mirror and mouth the word "SUCKER" to yourself ten times until it sinks in.

Like everyone else, you will fail to sell at the top. You will ride the losses down to nothing, and you will lose almost everything you put into the system. Why? Because you're only human, and when it comes to the fear and greed of markets, human psychology is pathetically predictable.

All this has happened before, over and over again. Bitcoin is new, but the current craze behind it is just history repeating itself.

Personally, I'm saddened to see bitcoin become a speculative investment fad. It's going to harm the credibility of this currency that the world truly needs as a long-term decentralized crypto-currency. I want bitcoin to succeed in the long run which is why I lament the manipulated bitcoin crash that I know is coming.

Rest assured, however, that I will be buying up bitcoins in huge numbers once the crash fully unwinds. There's never a better time to buy than when all the world's sellers are in a panic, trying to unload their bitcoins at any price.

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