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01 Dec 09

Nancy Pelosi spends $2,993 on flowers - Jake Sherman and Meredith Shiner - POLITICO.com

www.politico.com/...30013.html - Preview

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Nancy Pelosi spends $2,993 on flowers
By JAKE SHERMAN & MEREDITH SHINER |

11/30/09 6:05 PM EST
29 more annotations...
- House Speaker Nancy Pelosi (D-Calif.) spent $2,993 in taxpayer money on flowers between June and October.
- House Majority Whip James Clyburn has a thing for Chantilly Donuts, spending about $265 at the Virginia shop in the past quarter.
- And Rep. Tim Walz (D-Minn.), a fiscal conservative, decided to give about $2,000 in unused office funds back to the government to help reduce the deficit.
- These expenditures – culled from thousands of line items released Monday by the Chief Administrative Officer of the House – are just a fraction of the $300 million spent last quarter by House offices.
- But while the bulk of congressional office spending goes to salaries and routine office expenses,
- some of the line items offer a window into the personalities and priorities of each congressional office.
- Pelosi, who has come under fire in the past for spending on flowers, also spent roughly $30,610 in food and beverage and about $2,740 on bottled water, contributing to the nearly $120,531 total from all congressional leadership accounts.
- Her offices defended the charges, saying the Speaker’s office holds more ceremonial events with visiting dignitaries than other congressional offices.
- They also use a local florist, and about a third of her flower expenses this quarter were for Jack Kemp’s funeral.
- House Minority Leader John Boehner (R-Ohio) racked up about $24,617 in catering costs.
- House Majority Leader Steny Hoyer (D-Md.) spent about $1,561 in bottled water
- and House Majority Whip James Clyburn (D-S.C.) spent no money on water but a touch over $18,000 in food.
- House Minority Whip Eric Cantor (R-Va.) spent about $24,116 on food and beverage.
- These line by line expenditures used to come just in bound green books, but for the first time ever, Pelosi requested that the reports also be put online this quarter.
- The nearly 3,400 digitized pages were released Monday afternoon and touted by Pelosi as expanding “accountability to taxpayers and the press.”
- Most of the expenditures seem standard – everything from individual staff salaries to office supplies is listed.
- Most offices order food from the Capitol Host in-house catering service, but others order from outside locales.
- Clyburn, for example, frequently purchases donuts for his office from Chantilly Donuts in Virginia, where he spent about $265 in the period stretching from June until the end of September.
- One of the biggest line items for congressional offices outside of salaries tends to be the pricy subscriptions to Congressional Quarterly, which produces high end legislative tracking products, a magazine and a daily publication.
- Cantor and Boehner together spent $69,832.50 on the company’s publications – Boehner spent $48,085 on CQ publications.
- Lawmakers appear to have great flexibility on what qualifies as an office expense.
- Money is spent on everything from security services for district offices to thousands in mileage reimbursements for individuals’ cars.
- Taxpayers foot the bill for leasing cars for members, including cars for Rep. Alcee Hastings (D-Fla.) and Rep. Joe Barton (R-Texas).
- Rep. Mark Kirk (R-Ill.) spent $28,410 with a market communications firm to send a newsletter to his constituents, querying them on issues ranging from the closing of the detention center at Guantanamo Bay, Cuba, earmark reform and health care.
- A spokesman said it was sent to 196,000 constituents and is just “one of the many tools Congressman Kirk uses to communicate with constituents.”
- Walz and Rep. Spencer Bachus (R-Ala.) both returned about $2,500 to cut away at the deficit.
- Some even have money left over to give back to the government.
- Bachus, a fiscal conservative, said he does not take cost-of-living increases in the middle of a congressional term.
- Correction: An earlier version of this story incorrectly reported the amounts Nancy Pelosi’s office spent on flowers and James Clyburn’s office spent on donuts.

D.C. agency buys massages for 40 employees | Washington Examiner

www.washingtonexaminer.com/...-for-40-employees-8576152.html - Preview

DC-agency tax-payers dollars government-offices charge-cards massages employee-perks hotel-rooms public-dole civil-service

D.C. agency buys massages for 40 employees
By: Michael Neibauer

Examiner Staff Writer

November 30, 2009
17 more annotations...
- Mayor calls the expense 'inappropriate'
- The District's Office of Unified Communications used its government-issued charge card to buy $900 worth of massages for its staff, an expense even Mayor Adrian Fenty deemed inappropriate.
- The massages were charged to an OUC purchase card on Oct. 25 and listed under "Spas - Health & Beauty," according to monthly data provided by the Office of Contracting and Procurement.
- Sources say about 40 of the OUC's staff, including 911 call takers, were chosen to receive a massage based on the quality of their work.
- Nichole Jefferson, a D.C.-based massage therapist, was hired for the job.
- "The purchases were part of OUC's Employee Appreciation and Wellness Program activities that also included heath screenings, aerobics and blood pressure and glucose checks," Mafara Hobson, Fenty's spokeswoman, said in a statement.
- "While the intent of the wellness activities was well intended, some were not an appropriate use of funds and will not ever be included in future activities."
- The massage charge pales in comparison with the $111,036 paid to the Capitol Skyline Hotel over the course of October by the Office of the Tenant Advocate.
- Twenty-one families, displaced after the District ordered their two slum apartment buildings closed, were housed there starting in late September. Two remained last week but should be out soon, said Johanna Shreve, D.C. chief tenant advocate.
- Among October charges
  
  $2,420: Office of the Chief Technology Officer, for zzounds.com, an online musical instrument retailer
  $365.70: Department of Transportation, for no-show fees from the Hilton Hotel chain
  $19.95: Fire department, for "Passport to Fun," described as an entertainment savings program
  $488: Various agencies, for travel agent booking fees
  $56: Metropolitan Police Department, for the Palm steakhouse in Denver
- "These families were in an extremely bad situation," Shreve said.
- Shreve said she did not know whether the city would seek reimbursement from the owners of 4226 Seventh St. NW and 3330 10th Place SE.
- The charges come to $3,581 a day -- $170 a night per family.
- District government employees put $832,950 on their purchase cards in October, $99,512 of which was for travel-related expenses including airfare, hotels, food and taxis.
- Purchase cards accounted for $13.34 million in taxpayer funds between Jan. 1 and Oct. 31, according to the Office of Contracting and Procurement.
- Monthly purchase card spending citywide has picked up since April by about 20 percent, according to OCP data. This despite a historic recession and looming billion-dollar budget shortfalls.
- mneibauer@washingtonexaminer.com

24 Feb 09

Racist in a taxpayer-paid suit

www.worldnetdaily.com/index.php - Preview

mychal-massie rep-clyburn south-carolina-democrat stimulus-bill race-baiting black-bigots obama governors southern-opposition entitlements racists democrats us-government tax-payers

Racist in a taxpayer-paid suit
Posted: February 24, 2009
1:00 am Eastern




© 2009
22 more annotations...
- For many the name "Cliburn" is immediately thought of as being preceded by "Van" as in "Van
  Cliburn," and is associated with masterful piano arrangements by Tchaikovsky and Rachmaninoff.
- However, we now know that, spelling notwithstanding, the name isn't that of an accomplished pianist extraordinaire; rather, it is spelled "Clyburn" as in Rep. James Clyburn, D-S.C.,
- and that he is a bigoted, desperate politician who has made a career out of the loathsome practice of pushing set-asides, pork projects, increased government intrusion and race-baiting.
- The third-ranking member of the congressional leadership, who is himself black, as noted in a press release by the conservative black think tank Project 21-The National Leadership Network of Black Conservatives, has taken the detestable behavior of race-baiting to new depths.
- Speaking to reporters Feb. 19, Clyburn called opposition to the so-called stimulus bill "a slap in the face of African-Americans."
- He specifically targeted any opposition to the bill by southern governors. His injecting race into concerns for fiscal responsibility and a desire to prevent the expansion of government programs is shameful.
- In a letter to President Obama, Gov. Rick Perry of Texas wrote: "I remain opposed to using these funds to expand existing government programs, burdening the state with ongoing expenditures long after the lending has dried up." I ask you – how is said concern "a slap in the face" of anyone – specifically, how is it "a slap in the face of [blacks]"?
- The obvious answer is, it isn't. But such is the character of Clyburn and his elapidal counterparts and the depths they are willing to sink to further their own ends.
- The bottom line is the stimulus bill isn't about stimulating anything – it is about restructuring the corporate/business climate, rewriting the Constitution by fiat juxtaposed to amendment; it is about eliminating any inclusion of "the people" from legislative directives, and it is about extracting, i.e., taking, our money to fund wasteful spending on a gargantuan level. It is about government intrusion on a heretofore never witnessed scale.
- The expansion of government programs that will result from the stimulus bill will enslave future generations of taxpayers with a debt-load that will be unending.
- With no exception that comes to mind, government programs do not end or diminish – they grow and expand. They become more entangled in other federal programs.
- The directors of same demand larger and larger budgets. Worst of all, they become agencies of corruption, waste and unprecedented mismanagement.
- I offer into evidence the Federal National Mortgage Association (Fannie Mae), Head Start and the Department of Education.
- The Clyburns of today's Congress are a disgraceful lot, caring only for themselves and their anarchistic benefactors. They pontificate, egesting rehearsed lines of "the American people want …" like a laser through butter.
- In reality they don't give a whit about what we want – if they did they wouldn't need to resort to the minatory practices they do.
- We, the American people, are not stupid, and we know an act when we see one.
- Clyburn's use of race was an attempt to force fiscally conscience leadership into submission to an ill-fated bill that is the spending equivalent of the HIV virus and that like same, has no cure – only a protracted period of suffering.
- There is one more point that needs mentioning pursuant to Clyburn. Imagine what the spirit and core being of a man so easily willing to stoop to such hateful commonality is like.
- Either he is filled with anger, bitterness and hatred for whites in general and those that dare oppose him specifically – or he is a dishonest person using race because he can offer no substantive argument against the governors.
- Equally intriguing is what support, it any, will Clyburn's comments garner from blacks.
- The ease with which fraudulent accusations flow from the lips of race-baiters like Clyburn unambiguously shows he and those like him have learned little from the Jim Crow era.
- It was wrong when racist whites dressed in sheets and hoods to hide their identity as they terrorized blacks – it is just as wrong for Clyburn to demagogue whites while dressed in suits paid for by the taxpayers, wearing the ugly expression of a race-monger.

12 Jan 09

YouTube - Secrets of the Federal Reserve Pt 3: Fractional Reserve

Part 13

www.youtube.com/watch - Preview

federal-reserve irs internal-revenue usa nwo satanic illuminati america woodrow-wilson international-bankers tax-payers patriots

Secrets of the Federal Reserve Pt 3: Fractional Reserve
2 more annotations...
- RestoreAmericaProj
  
  April 30, 2008
- The Secrets of the Federal Reserve uncover how the central banks are enslaving the American people through debt.

09 Oct 08

Page 2: Rock Out With Your Bailout - October 7, 2008

Page 2 of the bill you paid for out of your pockets.

www.thesmokinggun.com/...1007083aig2.html - Preview

aig bailout congress wall-street tax-payers us-government cronies pals banksters gangsters spa california vacation

< 1 2 >

Page 1: Rock Out With Your Bailout - October 7, 2008

Invoice of AIG Executives tab for a week's vacation on your tab

www.thesmokinggun.com/...1007083aig1.html - Preview

aig week vacation executives bailout spa bill california tax-payers paid congress wall-street paulson-cronies tax-dollars

Rock Out With Your Bailout
After government rescue, insurance firm AIG partied at swank resort
2 more annotations...
- OCTOBER 7--Days after federal officials agreed to an $85 billion bailout of American International Group, the insurance firm spent more than $440,000 for a corporate retreat at a swanky California resort. An invoice from the week-long getaway, a copy of which you'll find below, was obtained by the congressional panel that has been holding hearings this week about Wall Street collapses and executive excess.

06 Oct 08

Tomorrow The Coup?

www.rense.com/...feddds.htm - Preview

george-bush coup america us-government bailout looting tyrants wall-street congress senate paulson federal-reserve tax-payers fascists nwo

Tomorrow The Coup?
Jim Kirwan

10-6-8
47 more annotations...
- Tomorrow, October 7, will mark the end of our first week
  into the Coup that officially began on the first day of this month. This
  coup actually slipped out from behind the curtain way back in September
  of 2002 when Congress officially gave this 'License to Kill' to the president
  of the United States!
- "Since this man came to office the congress of the
  United States has failed in its duties to the public you are sworn to
  serve and to the Constitution you have sworn to uphold.
- In instance after instance you have entertained and passed
  a steady stream of un-American laws and resolutions that are squarely
  aimed at undermining the Constitutional provisions of the Bill of Rights
  and many of the Amendments to the Constitution, which are matters of
  existing law." (1)
- What has happened since has shattered any and all ideas
  of what the United States may have once been, as well as what options
  might remain, "going forward;"
- because under the terms of this
  Coup "illegality" has been made legal.
  - Lawlessness and criminality on the part of officials of the U.S. Government - on 2008-10-06
  Add Sticky Note
- What this has done is
  to include the citizens of theUnited States in those 'states or nations'
  (above) that could be seen as enemies of this Coup!
  - Government targeting the American people - on 2008-10-06
  Add Sticky Note
- Naomi Wolf has a thirty minute video, just out today,
  that summarizes much of what has happened, as well as what we can do to
  begin to turn all this around.
- She says in part: 'military law suspends
  civilian law, so we must get our local city councils to reject the Homeland
  Security money that is being offered to train local police to make war
  against US citizens
- Homeland Security is funneling money to communities
  in advance, to pay off the lawsuits that will come from the actions of
  these coup agents. (This happened in both cities where recent conventions
  were held).
  - Local community officials being bought off.. - on 2008-10-06
  Add Sticky Note
- This was made possible by the 2007 Defense Authorization Act
  which made it legal for the president to direct troops to make war against
  American citizens.' It was one thing for soldiers to disobey illegal orders
  in his wars, but this action makes the illegal orders of this president
  'legal'!
- 'Those in government that are complicit in this Coup
  must be held responsible and their leaders arrested. There are District
  Attorney's (Vincent Bugliosi & others) that want to do this now.'
  - Arrest the coup members; their aiders and abetters and those complicit in the raising of tyranny over the American people..: then indict, prosecute and sentence them all - on 2008-10-06
  Add Sticky Note
- 'Before the Revolutionary War, George the Third, the
  English King sent mercenary troops to occupy and police American streets;
  doing the same thing that Bush just created by authorizing three to four
  thousand troops to police the actions of American citizens, (in America).'
- 'We must stand against tyranny and oppression, because
  our right to freedom is a universal right: "When a tyrant looms,
  the structures of tyranny loom," and we have to do everything to
  oppose that tyranny!
- You are not "entitled" to speak freely;
  you are obliged to speak freely!
  - Obligation to speak freely; not entitled - on 2008-10-06
  Add Sticky Note
- You have to act as an American and Speak
  Freely! We must see this Coup for what it is and rise up against it.'
- When the War on Terror began, the first casualty was
  the designed loss of our inner-freedoms.
- This is what was really attacked
  on 911, and it is something that has continued to lose ground ever since
  that black day.
- 'We were free because of our practice of the rule of law.'
  Now that Rule of Law has been perverted and on many occasions shattered;
  we must rise up now and take back 'the laws' that were part of our former
  Republic.
- Naomi Wolf continues: "America has no established
  god" and this is so important because these people are (now) seizing
  power in the name of Theocracy.
- They are using (religious) faith as a
  mobilizing tool, Sarah Palin would extend this.
- {The tax-exempt status
  of the churches needs to be re-examined, because that status is granted
  only if those churches are not political}
  - Removing the tax exempt status of the Churches? - on 2008-10-06
  Add Sticky Note
- The founders wanted to insure
  that ours was a country of religious freedom, where people were free in
  their conscience (to decide for themselves about their beliefs), because
  they knew what happens when religious minorities are prosecuted by the
  state.' So, (according to the first Amendment), Americaestablishes 'No
  god.'
- 'The idea of America is that freedom is a universal human
  right so we must divest ourselves from this empire and become a
  Republic once again.'
- All of this begins psychologically (as a thought-form)
  that we must take into our hearts-and each of us is called upon to stand
  up for freedom!'
- 'The good news is that historically when millions of
  people have risen up in time, they can together move aggressively to arrest
  those responsible and most of the Cabal.
- You have to get warrants, get
  their computers, and you have to declare what has taken place. Once these
  people are charged they will back-off and begin to turn on one-another.
  The time to act is now!' (2)
- However there is another entire dimension to this takeover,
  which is the very public yet still very secret, seizure of financial and
  monetary powers of the nation and by extension the world.
- In case you
  missed it we have surrendered our control over the purse strings of this
  country to a bunch of self-interested and self- appointed members of the
  Cabal.
  - The NWO banner carriers of the Illuminati - on 2008-10-06
  Add Sticky Note
- Without control over the printing of our own money, which we lost
  with the establishment of the Federal Reserve Bank: we are little more
  than vassals to the owners of the twelve privately owned Central Banks.
- To that criminal act we must now add the surrender of control over how
  this fiat money of ours shall be spent-by whom and for what-without knowing
  how much this will cost, or even IF this process will even begin to solve
  the problems created by the same people that are now administering the
  law that was passed last Friday!
- To probe these various financial and fascistic shadows
  behind this latest outrage: Naomi Klein has an extensive interview today
  on Democracy Now.
- "NAOMI KLEIN: When Milton Friedman turned ninety,
  the Bush White House held a birthday party for him to honor him, to honor
  his legacy, in 2002, and everyone made speeches, including George Bush,
  but there was a really good speech that was given by Donald Rumsfeld.
  I have it on my website. My favorite quote in that speech from Rumsfeld
  is this: he said, "Milton is the embodiment of the truth that ideas
  have consequences."
- So, what I want to argue here is that, among other things,
  the economic chaos that we're seeing right now on Wall Street and on
  Main Street and in Washington stems from many factors, of course, but
  among them are the ideas of Milton Friedman and many of his colleagues
  and students from this school. Ideas have consequences."
- This Coup that is only six days old is a very through
  entrapment by traitors that was designed to so completely crush America
  and Americans in order to prevent us from ever taking back this nation.
  - The move by Paulson and Bush and...the Senators and Congressmen who voted "YES" for the bailout, was and is an attack on every American citizen! - on 2008-10-06
  Add Sticky Note
- This is so important to them; because they know that America is the one
  nation that actually had the capacity to shut them down and lock-them-up.
- Last night on 60 minutes, the real cause behind the most
  recent collapse was also unveiled, in a story called "Wall Street's
  Shadow Market" This is the story of a $60 TRILLION dollar fiasco
  that sought to make gold-plated investments our of those totally bogus
  mortgages; which the Slush-Fund was passed to bailout.
- This failure is
  described as 'A full blown financial storm'
  
  in the 60 minutes story: but how far do you think $850
  Billion will go toward solving the reality of a $60 Trillion dollar problem!
  (4)
- This Coup was created to take-back everything that Americans
  once stopped the ancestors of this Coup from obtaining, back in 1933,
  when FDR stopped them from profiting by the first version of this obscenity!
  - FDR and 1933 - on 2008-10-06
  Add Sticky Note
- If we could take back the power of printing and controlling our own money
  (like every other self-respecting nation has tried to do): then most of
  this could never have happened in the first place.
- We need to come out
  from under our beds and get this together people or we really will
  be nothing but slaves to these tyrants and traitors that dreamed this
  nightmare into existence - on the backs of every one of us - who is not
  one of them!
- It's way past-time, but if we get serious it might still
  not be too late!
  
  kirwanstudios@sbcglobal.net
- 1) Open letter to Congress September 2002
  
  http://www.kirwanesque.com/politics/articles/2002/art0.htm
- 2) Interview Naomi Wolf Give Me Liberty 30 min.
  video
  
  http://www.youtube.com/watch?v=_XgkeTanCGI
- Rep. Brad Sherman
  
  http://www.youtube.com/watch?v=HFstmclOQG8
- The Warrior Creed Robert Fisk 3 minute Video
  
  http://www.tewahanui.info/wordpress2/?p=761
- 3) Naomi Klein Democracy Now
  
  http://www.democracynow.org/2008/10/6/naomi_kle in
- 4) Wall Street's Shadow Market
  
  http://www.cbsnews.com/video/watch/?id=4502673n

03 Oct 08

YouTube - Goldman Sachs Bribed Senate To Pass Bailout Bill

The receivers of Wall Street bribes...America's "godling", Obama is on the bought and paid for list.

www.youtube.com/watch - Preview

barack-obama bought-off paid-for wall-street congress senate debt tax-payers banksters video traitors crooks sleaze goldman-sachs

Goldman Sachs Bribed Senate To Pass Bailout Bill
1 more annotations...
- From: gr1m1b
  
  Added:
  October 02, 2008
  
  (more info)
  
  (less info)
  
  Want to Subscribe?
  
  Sign in to YouTube now!
  
  Sign in with your Google Account!
  
  Complete CONTRIBUTION LIST:
  http://www.washingtonyo...
  
  Complete CONTRIBUTION LIST:
  http://www.washingtonyourefired.com/g...
  
  How much bribe money does it take to transfer $700 Billion taxpayer dollars to Wall Street's elite?
  
  GOLDMAN SACHS CONTRIBUTIONS:
  Obama, Barack (D-IL) $691,930
  Clinton, Hillary (D-NY) $468,200
  Romney, Mitt (R) $229,675
  McCain, John (R-AZ) $208,395
  Himes, Jim (D-CT) $114,748
  Giuliani, Rudolph W (R) $111,750
  Dodd, Christopher J (D-CT) $105,400
  Edwards, John (D) $66,450
  Specter, Arlen (R-PA) $47,600
  Emanuel, Rahm (D-IL) $32,950
  Reed, Jack (D-RI) $30,100
  
  How much money did your Represenative get from Big Bankers to look the other way and pass a bill that the American people clearly do not want?

My Way News - House Roll Call: How they voted on bailout bill Oct 3, 2008

apnews.myway.com/...D93J6A400.html - Preview

bailout-bill georgia-delegation kingston-N passed house-of-representatives gangsters traitors heroes banksters tax-payers americans

House Roll Call: How they voted on bailout bill
Oct 3, 2:27 PM (ET)
65 more annotations...
- By The Associated Press
- The 263-171 roll call Friday by which the House approved a $700 billion government bailout bill for the battered financial industry.
- A "yes" vote is a vote to pass the bill.
- Voting yes were 172 Democrats and 91 Republicans.
- Voting no were 63 Democrats and 108 Republicans.
- X denotes those not voting.
- There is 1 vacancy in the 435-member House.
- ALABAMA
  
  Democrats - Cramer, Y; Davis, Y.
  
  Republicans - Aderholt, N; Bachus, Y; Bonner, Y; Everett, Y; Rogers, Y.
- ALASKA
  
  Republicans - Young, N.
- ARIZONA
  
  Democrats - Giffords, Y; Grijalva, N; Mitchell, Y; Pastor, Y.
  
  Republicans - Flake, N; Franks, N; Renzi, N; Shadegg, Y.
- ARKANSAS
  
  Democrats - Berry, Y; Ross, Y; Snyder, Y.
  
  Republicans - Boozman, Y.
  - Ignorant ass Arkansas all Reps voted for the bailout..Go figure - on 2008-10-03
  Add Sticky Note
- CALIFORNIA
- Democrats -
- Pelosi, Y
- Napolitano, N
- Waxman, Y
- Hunter, N;
- Republicans -
- Rohrabacher, N
- COLORADO
- Democrats - DeGette, Y; Perlmutter, Y; Salazar, N; Udall, N.
  
  Republicans - Lamborn, N; Musgrave, N; Tancredo, Y.
- CONNECTICUT
  
  Democrats - Courtney, N; DeLauro, Y; Larson, Y; Murphy, Y.
  
  Republicans - Shays, Y.
- DELAWARE
  
  Republicans - Castle, Y.
- FLORIDA
  
  Democrats - Boyd, Y; Brown, Corrine, Y; Castor, N; Hastings, Y; Klein, Y; Mahoney, Y; Meek, Y; Wasserman Schultz, Y; Wexler, Y.
  
  Republicans - Bilirakis, N; Brown-Waite, Ginny, N; Buchanan, Y; Crenshaw, Y; Diaz-Balart, L., N; Diaz-Balart, M., N; Feeney, N; Keller, N; Mack, N; Mica, N; Miller, N; Putnam, Y; Ros-Lehtinen, Y; Stearns, N; Weldon, Y; Young, N.
- GEORGIA
  
  Democrats - Barrow, N; Bishop, Y; Johnson, N; Lewis, Y; Marshall, Y; Scott, Y.
  
  Republicans - Broun, N; Deal, N; Gingrey, N; Kingston, N; Linder, N; Price, N; Westmoreland, N.
  - Georgia Reps and how they voted - on 2008-10-03
  Add Sticky Note
- HAWAII
  
  Democrats - Abercrombie, Y; Hirono, Y.
- IDAHO
  
  Republicans - Sali, N; Simpson, Y.
- ILLINOIS
  
  Democrats - Bean, Y; Costello, N; Davis, Y; Emanuel, Y; Foster, Y; Gutierrez, Y; Hare, Y; Jackson, Y; Lipinski, N; Rush, Y; Schakowsky, Y.
  
  Republicans - Biggert, Y; Johnson, N; Kirk, Y; LaHood, Y; Manzullo, N; Roskam, N; Shimkus, N; Weller, Y.
- INDIANA
  
  Democrats - Carson, Y; Donnelly, Y; Ellsworth, Y; Hill, N; Visclosky, N.
  
  Republicans - Burton, N; Buyer, N; Pence, N; Souder, Y.
- IOWA
  
  Democrats - Boswell, Y; Braley, Y; Loebsack, Y.
  
  Republicans - King, N; Latham, N.
- KANSAS
  
  Democrats - Boyda, N; Moore, Y.
  
  Republicans - Moran, N; Tiahrt, N.
- KENTUCKY
  
  Democrats - Chandler, N; Yarmuth, Y.
  
  Republicans - Davis, N; Lewis, Y; Rogers, Y; Whitfield, N.
- LOUISIANA
  
  Democrats - Cazayoux, N; Jefferson, N; Melancon, Y.
  
  Republicans - Alexander, Y; Boustany, Y; McCrery, Y; Scalise, N.
- MAINE
  
  Democrats - Allen, Y; Michaud, N.
- MARYLAND
  
  Democrats - Cummings, Y; Edwards, Y; Hoyer, Y; Ruppersberger, Y; Sarbanes, Y; Van Hollen, Y.
  
  Republicans - Bartlett, N; Gilchrest, Y.
- MASSACHUSETTS
  
  Democrats - Capuano, Y; Delahunt, N; Frank, Y; Lynch, N; Markey, Y; McGovern, Y; Neal, Y; Olver, Y; Tierney, Y; Tsongas, Y.
- MICHIGAN
  
  Democrats - Conyers, N; Dingell, Y; Kildee, Y; Kilpatrick, Y; Levin, Y; Stupak, N.
  
  Republicans - Camp, Y; Ehlers, Y; Hoekstra, Y; Knollenberg, Y; McCotter, N; Miller, N; Rogers, N; Upton, Y; Walberg, N.
- MINNESOTA
  
  Democrats - Ellison, Y; McCollum, Y; Oberstar, Y; Peterson, N; Walz, N.
  
  Republicans - Bachmann, N; Kline, Y; Ramstad, Y.
- MISSISSIPPI
  
  Democrats - Childers, N; Taylor, N; Thompson, N.
  
  Republicans - Pickering, Y.
- MISSOURI
  
  Democrats - Carnahan, Y; Clay, N; Cleaver, Y; Skelton, Y.
  
  Republicans - Akin, N; Blunt, Y; Emerson, Y; Graves, N; Hulshof, N.
- MONTANA
  
  Republicans - Rehberg, N.
- NEBRASKA
  
  Republicans - Fortenberry, N; Smith, N; Terry, Y.
- NEVADA
  
  Democrats - Berkley, Y.
  
  Republicans - Heller, N; Porter, Y.
- NEW HAMPSHIRE
  
  Democrats - Hodes, N; Shea-Porter, N.
- NEW JERSEY
  
  Democrats - Andrews, Y; Holt, Y; Pallone, Y; Pascrell, Y; Payne, N; Rothman, N; Sires, Y.
  
  Republicans - Ferguson, Y; Frelinghuysen, Y; Garrett, N; LoBiondo, N; Saxton, Y; Smith, N.
- NEW MEXICO
  
  Democrats - Udall, N.
  
  Republicans - Pearce, N; Wilson, Y.
- NEW YORK
  
  Democrats - Ackerman, Y; Arcuri, Y; Bishop, Y; Clarke, Y; Crowley, Y; Engel, Y; Gillibrand, N; Hall, Y; Higgins, Y; Hinchey, N; Israel, Y; Lowey, Y; Maloney, Y; McCarthy, Y; McNulty, Y; Meeks, Y; Nadler, Y; Rangel, Y; Serrano, N; Slaughter, Y; Towns, Y; Velazquez, Y; Weiner, Y.
  
  Republicans - Fossella, Y; King, Y; Kuhl, Y; McHugh, Y; Reynolds, Y; Walsh, Y.
- NORTH CAROLINA
  
  Democrats - Butterfield, N; Etheridge, Y; McIntyre, N; Miller, Y; Price, Y; Shuler, N; Watt, Y.
  
  Republicans - Coble, Y; Foxx, N; Hayes, N; Jones, N; McHenry, N; Myrick, Y.
- NORTH DAKOTA
  
  Democrats - Pomeroy, Y.
- OHIO
  
  Democrats - Kaptur, N; Kucinich, N; Ryan, Y; Space, Y; Sutton, Y; Wilson, Y.
  
  Republicans - Boehner, Y; Chabot, N; Hobson, Y; Jordan, N; LaTourette, N; Latta, N; Pryce, Y; Regula, Y; Schmidt, Y; Tiberi, Y; Turner, N.
- OKLAHOMA
  
  Democrats - Boren, Y.
  
  Republicans - Cole, Y; Fallin, Y; Lucas, N; Sullivan, Y.
- OREGON
  
  Democrats - Blumenauer, N; DeFazio, N; Hooley, Y; Wu, Y.
  
  Republicans - Walden, Y.
- PENNSYLVANIA
  
  Democrats - Altmire, N; Brady, Y; Carney, N; Doyle, Y; Fattah, Y; Holden, N; Kanjorski, Y; Murphy, Patrick, Y; Murtha, Y; Schwartz, Y; Sestak, Y.
  
  Republicans - Dent, Y; English, N; Gerlach, Y; Murphy, Tim, N; Peterson, Y; Pitts, N; Platts, N; Shuster, Y.
- RHODE ISLAND
  
  Democrats - Kennedy, Y; Langevin, Y.
- SOUTH CAROLINA
  
  Democrats - Clyburn, Y; Spratt, Y.
  
  Republicans - Barrett, Y; Brown, Y; Inglis, Y; Wilson, Y.
  - SC delegation Repubs and Dems all voted YES for the bailout - on 2008-10-03
  Add Sticky Note
- SOUTH DAKOTA
  
  Democrats - Herseth Sandlin, N.
- TENNESSEE
  
  Democrats - Cohen, Y; Cooper, Y; Davis, Lincoln, N; Gordon, Y; Tanner, Y.
  
  Republicans - Blackburn, N; Davis, David, N; Duncan, N; Wamp, Y.
- TEXAS
  
  Democrats - Cuellar, Y; Doggett, N; Edwards, Y; Gonzalez, Y; Green, Al, Y; Green, Gene, N; Hinojosa, Y; Jackson-Lee, Y; Johnson, E. B., Y; Lampson, N; Ortiz, Y; Reyes, Y; Rodriguez, N.
  
  Republicans - Barton, N; Brady, Y; Burgess, N; Carter, N; Conaway, Y; Culberson, N; Gohmert, N; Granger, Y; Hall, N; Hensarling, N; Johnson, Sam, N; Marchant, N; McCaul, N; Neugebauer, N; Paul, N; Poe, N; Sessions, Y; Smith, Y; Thornberry, Y.
- UTAH
  
  Democrats - Matheson, N.
  
  Republicans - Bishop, N; Cannon, Y.
- VERMONT
  
  Democrats - Welch, Y.
- VIRGINIA
  
  Democrats - Boucher, Y; Moran, Y; Scott, N.
  
  Republicans - Cantor, Y; Davis, Tom, Y; Drake, N; Forbes, N; Goode, N; Goodlatte, N; Wittman, N; Wolf, Y.
- WASHINGTON
  
  Democrats - Baird, Y; Dicks, Y; Inslee, N; Larsen, Y; McDermott, N; Smith, Y.
  
  Republicans - Hastings, N; McMorris Rodgers, N; Reichert, N.
- WEST VIRGINIA
  
  Democrats - Mollohan, Y; Rahall, Y.
  
  Republicans - Capito, N.
- WISCONSIN
  
  Democrats - Baldwin, Y; Kagen, N; Kind, Y; Moore, Y; Obey, Y.
  
  Republicans - Petri, N; Ryan, Y; Sensenbrenner, N.
- WYOMING
  
  Republicans - Cubin, Y.

02 Oct 08

The Bailout Wont Work and the System Will Implode - The International Forecaster

theinternationalforecaster.com/...rk_and_the_System_Will_Implode - Preview

paulson-plan us-senate senator-saxby-chambliss senator-iaskson georgia republicans george-bush nazis fascists democrats obama mccain nwo america sheople tax-payers

The Bailout Wont Work and the System Will Implode
October 1 2008
73 more annotations...
- The Paulson Plan means you are going to eat it all, Paulson wants to keep the corrupt greed machine going, A Wall Street Bailout plan means you will pay for their mistakes, Administration trying to scare everyone into accepting bailout plan, Buyouts now like zombie marriages, derivative Death-Star on its way,
- The capsule for the episode reads as follows: Hanky Panky and Buck-Busting Ben decide to renovate the Goldilocks Matrix, giving it a major overhaul, and attempt to redefine the word: "fantasy."
- The name of the episode, appropriately enough, is "The Paulson Plan."
- Indeed, The Paulson Plan, so-called, may be the most vivid product of a fertile imagination since "Alice in Wonderland" and "The Wizard of Oz," which quite frankly are more believable than the reasons given for the implementation of the "The Paulson Plan."
- Oh, we must help the poor sheople by easing the credit-crunch so they can get more loans and get deeper into hock (like more loans is what they somehow need), and so their savings accounts and pensions plans can be saved as we hyperinflate the dollar.
- Oh, we are sooooo concerned about the welfare of the poor, helpless sheople!
- We have to save them from destroying themselves, because only we, the masters of the universe, know what is best for them. (Judy, get the barf-bag - quick!)
- You just don't understand. The corrupt, graft-laden, insider-trading-saturated, fraud-based, Ponzi-scheming system that we have used to rip you off and steal you blind for over a century must obviously be saved so we can keep screwing you ad infinitum.
- You know your place. You are all bleating, ignorant sheople, so come lick our boots - and give us the damned money!!!
- After all, isn't that what sheople are for, to be fleeced and sheered, fattened and slaughtered?
  - Sheople - on 2008-10-02
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- Oh, there, there, now. We're sorry to take such an imperious tone with you. There, there, just give in to our demands like good little sheople and, in time, everything will turn out juuuuust fine --- NOT!
- We know we have taxed you to death via the IRS and inflation of the money supply, we know we have manipulated all the markets and engaged in rampant insider-trading and loan fraud, thus stealing trillions of dollars of your hard-earned cash from you,
- we know we created Ponzi-scheme bubbles in dot.com stocks and real estate, we know we gave mortgages to people who could not afford homes in the first place, we know that we falsely rated stocks, bonds and derivatives and "cooked our books" to get you and our international friends to pay top dollar for crap,
- we know we lied to you about every economic statistic on the face of the planet, but, hey, we're all in this together now, and you have no alternative other than to accept our bailout plan (oh, let's call it a "rescue plan" instead) so thatyou can pay for all the economic carnage resulting from our debauchery.
  - REMEMBER, REMEMBER THE 1st OF OCTOBER!! - on 2008-10-02
  Add Sticky Note
- And don't worry about any oversight when it comes to disbursing the piddling $700 billion, because it should be obvious, based on all the foregoing, that we can be trusted to handle the mere 700 billion as if it were -well - our own, which it will be if you approve the plan!
- Oh, but perhaps we should not mention that - you might construe that as some kind of silly old moral hazard, hahaha. And never mind that we told you we don't know if the plan will work, because we know it won't, but we didn't want to upset you any more than you already are.
- And have no concern that the 1.4 quadrillion dollar, roiling, boiling derivatives volcano is going to wipe out the entire world banking system with molten credit default swaps and interest rate swaps in a blaze of pyroclastic glory over the next several years,
- because, hey - we're working on it! And never mind that the problem is unsolvable.
- This is the United Goldilocks Matrix, where everything turns out juuuuust right!
- Note first, how the Paulson Plan, which we will hereinafter refer to as PP (which is also a good acronym for Preposterous Poppycock), is a perfect example of Illuminist extortion aimed at stuffing a very rotten apple down the collective throats of our elitist marionettes in Congress, who, for the first-time in what must be over half a century, displayed some backbone in their denial of the initial proposal for the PP,
- albeit that their nixing of the PP was most likely motivated by political opportunism more so than by any true patriotism.
- First, we saw Bear Stearns assassinated this March as an appetizer.
- The extortion got started with a bang on September 7, when Fannie and Freddie were nationalized, and then we were "shocked and awed" with a series of colossal commercial bank and investment bank failures, starting with the bankruptcy of Lehman Brothers on September 10, at which time Merrill Lynch also went under and was purchased by Bank of America. Then AIG goes down on the 16th.
- Out comes the PP on the 20th. Then, to keep up the pressure, Washington Mutual implodes on the 25th and is acquired by JP Morgan Chase, followed by the vaporization of Wachovia on the 29th, which is acquired by Citigroup in the hours before the first vote on the PP is commenced.
- Now mind you that these banks have been insolvent from the outset of the credit-crunch in August of 2007, as we have reported to you over the past year.
- And here we are, with Congress about to recess to campaign for reelection just before the vote in November, and suddenly the whole system, which until now has been kept in a state of suspended animation, comes down to scare everyone into accepting the PP. How blatant and churlish can you get?
- Along the way, we also saw Goldman Sachs and Morgan Stanley give up their investment bank charters for commercial bank charters while getting bailed out with equity injections from various Illuminist companies.
- Then banks and other financial institutions in Europe suddenly crumble, after unofficial weekend rumblings, with official announcements of bailouts/nationalizations made, right on cue, on Monday to bolster the PP, including Fortis (Belgium, Netherlands and Luxemborg), Hypo Real Estate (Germany), Bradford and Bingley (UK), Glitner Bank (Iceland) and Unicredito (Italy).
- Here is a little time line summarizing the action that occurred as a lead-up to the vote on the PP:
  http://www.guardian.co.uk/business/2008/sep/27/wallstreet.useconomy3
- Nevertheless, the PP gets nixed by the US House of Representatives in a "shocker," and suddenly the Dow plunges 777 points as punishment for our Congress having the audacity to deny the Illuminati because they were getting inundated with calls from constituents who were against the PP, sometimes by as much as 300 to 1.
  - Extortion and blackmail by the Banksters and their contracted Hit Men (aka the U.S. Senate) - on 2008-10-02
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- The message: give us the $700 billion or we will give you trillions worth of grief just prior to elections.
- As a side note, while we are not into numerology, when you get a 777-point punishment for nixing a $700 billion bailout plan, may we suggest there is some sort of message there.
- Also, as a side note, we had to laugh when Citigroup bought out Wachovia. It was like a zombie marriage made in heaven. The walking dead marrying another member of the walking dead.
- It's like mixing C-4 with TNT. What a conflagration that combination is going to suffer!
- We suppose, for now, that we technically have the Fed now leading the Big Five instead of the Big Four (the Big Five being JP Morgan Chase, Bank of America, Goldman Sachs, Morgan Stanley and now Citigroup). We'll see how long that lasts.
- We expect to get back to the Big Four in the not-too-distant future. The Big Four will get vaporized later, as will the Fed, with everything being nationalized, as planned by the Illuminati all along.
  - For the goal is a One World Government - on 2008-10-02
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- Now we are hearing the moron, Illuminist bankers in Europe drone on about how doltish the Americans are for rejecting such an excellent plan.
- Then there is the Caligula Administration, whining that we don't like the plan any more than you do, but it must be passed or everyone will suffer great pain (as if that can somehow be avoided and as if they aren't drooling over the profits to be made when the money is doled out).
- Now, the Senate leaders are getting in on the act, blaming the House for defeating such a wonderful plan and causing trillions in losses in the stock markets (even though it was really just the PPT withdrawing its support and strengthening the yen, thereby allowing the financial markets to fall under the weight of their horrendous fundamentals, as well they should when left to themselves instead of being manipulated by our corporatist, fascist, elitist scum and their financial anti-gravity machines).
- The Senate is going to add some tax breaks to sweeten it for the House Republicans, but the House Democrats may then be put off.
- The Senate is thus trying to obfuscate what is the main issue - that the plan won't work, will ultimately increase our pain and fan the flames of hyper-stagflation and out-of-control, double-digit interest rates as everyone stampedes toward the exits, trying to unload their treasury paper all at the same time before it becomes worthless.
  - Failure - on 2008-10-02
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- Meanwhile, the bribes and threats are being thrown every which way as the Wall Street pirates and the usual government scalawags attempt to claim their booty.
- This so-called rescue plan is a "disgrace," is "totally flawed" and there are many better, and far less expensive, alternatives, notes the respected economist Nouriel Roubini.
- Also noted by Mr. Roubini is the fact that credit and other financial markets have been deteriorating despite the prospects of approval for the PP, which shows you in spades that the plan won't work and will do little more than line the pockets of the Illuminists at the expense of the taxpayers who will get vaporized in the end.
- As Mr. Roubini points out, the government's purchase of bank assets is the route the Japanese took, and this led to a two-decade recession/depression which they still struggle with to this day.
- We will now follow them into financial oblivion unless by some miracle the elitists are stopped from implementing the PP, or the Derivative Death-Star detonates before they can complete their final raping of the sheople.
- Instead of having a brief one or two years of moderate depression, we will end up with one or two lost decades and the worst depression ever created in the history of mankind, not to mention a corporate, fascist police state.
  - The end result of the treason in the U.S. Senate - on 2008-10-02
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- The PP will temporarily put off, and greatly magnify, the final implosion of our economy which will be worse by an order of magnitude as the direct result of the implementation of the PP.
- The glowing, Quadrillion Dollar Derivative Death-Star insures that destruction is on its way.
- It is not "if," but "when." When it explodes, in the aftermath, a financial black hole will form as global markets implode, and will suck everything into one final crushing moment of complete annihilation.
- The PP will only serve to extend the period of elitist fraud, and they will continue to produce toxic waste and dump it on their sucker-dupes for vast fees, spreads and commissions as they speculate, gamble and re-leverage with all their newfound largesse, courtesy of the US taxpayer and the backing of nationalized Phonie and Fraudie along with the huge injection from the PP.
- This all ties in with the Big Sting Two.
- They have beaten down commodities. Now, all they have to do is have the PPT drive up the stock market with the puffery provided by the PP, and they win.
- They will bail out through their dark pools of liquidity, Project Turquoise and Baikal, behind the public's back, and then use their sales proceeds to buy up all the tangible assets such as precious metals, commodities, real estate and domestic infrastructure at fraudulently manipulated and reduced prices.
- Such drastically reduced prices will also become available at an ever-accelerating pace as financial and business corporations continue to collapse and go into bankruptcy.
- After they have bailed out of all dollar-denominated paper assets, the Illuminati will let the stock and bond markets come-crashing down, the price of precious metals and other tangible assets will explode, they will clean up, and you, the sheople taxpayers, will get left holding the proverbial bag of worthless fiat paper for the nth time.
- As the system implodes, the highly appreciated tangible assets of the Illuminists will be used to purchase property for pennies on the dollar as liquidations continue under the weight of what will be a complete systemic failure of the fiat money and credit system, after the elitists have had their fun.
- That is their hope, but we doubt they can hold it up long enough to complete their final rip-off of the sheople.
- This is why they fear the Derivatives Death-Star, and start mumbling to themselves every time someone in Congress brings that subject up.
- They must bail out before this Death-Star detonates, or they will be wiped out, hence their desperation to implement the PP.
- They intend to leave nothing but burned out corporate husks, the Fed and the Big Five included, when the Derivatives Death-Star detonates, and then you, the sheople, will be asked to nationalize the entire banking system.
- This is what happened to Germany in the aftermath of the Weimar Republic after hyperinflation had cut its swath of destruction.
- And we have relatives of some of the same players involved in the rebuilding of Nazi Germany as a fascist police state.
  - And we know who they are!! - on 2008-10-02
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- Caligula's grandfather, Prescott Bush, helped finance the new Nazi fascist government through a banking concern he managed which was later shut down as an entity that collaborated with the Nazis.
- He was almost hanged for treason before his Illuminist buddies saved his neck.
  - And they need to be in a docket such as the Nazi high command was at Nuremberg and Tojo was in Asia. - on 2008-10-02
  Add Sticky Note
- And now GHWB and Dubya are working off the same playbook as history repeats itself.
- The Fourth Reich is coming to a theatre near you, complete with Nazi death camps and a Nazi police state.
  - America under a fascist state - on 2008-10-02
  Add Sticky Note
- As you watch the financial carnage going down all around you, perhaps you can now start to understand and appreciate that this is not business as usual and that we are not conspiracy quacks talking out of our back ends. You had better wake up and take action quickly, or you will be caught up in a new Holocaust.
- Now, let's take a look at some of the new blather that was added to the PP to bring about the so-called compromise.
- First, we state categorically that the taxpayers will not make a single dime of profit from this scam. You are going to pay for this cess pool of toxic sewage at the "hold to maturity value," which means you will pay par less any principal reduction from payments received.
- And which paper do you think they are going to buy with your dollars? Do you think it will be the stuff worth 70 cents on the dollar, or will it be the stuff going for 10 cents or less on the dollar?
- We will not even insult your intelligence by answering that question. And if this toxic waste is worth pennies on the dollar now, what will it be worth when our economy finally comes down under the weight of our rabid profligacy, rampaging fraud, rampant speculation, raving lunatic leverage and roaring, outrageous deficits?
- You guessed it. A big fat goose egg. You will eat the whole thing - guaranteed.

Bloomberg.com: Trichet Says U.S. Must Rescue 'Global Finance' Update 2

www.bloomberg.com/...news - Preview

jean-claude-trichet europe us-congress us-treasury eu banksters gangsters nwo cheats crooks swindlers us-citizens serfs us-senate central-bank tax-payers

Trichet Says U.S. Must Rescue `Global Finance' (Update2)
By Andreas Scholz and Gabi Thesing
15 more annotations...
- Oct. 1 (Bloomberg) -- European Central Bank President Jean-
  Claude Trichet said U.S. lawmakers must pass a $700 billion rescue
  package for banks to shore up confidence in the global financial
  system.
- ``It has to go, for the sake of the U.S. and for the sake of
  global finance,'' Trichet said in an interview in Frankfurt with
  Bloomberg Television late yesterday.
- ``I am confident, but of
  course it is the decision of the U.S. Congress.''
- President George W. Bush and Senate leaders yesterday vowed
  to revive a plan aimed at buying distressed assets from banks that
  was rejected by Congress a day earlier.
- The vote roiled markets
  already struggling to cope with the collapse of Lehman Brothers
  Holdings Inc.
- European governments have helped rescue at least
  five banks since Sept. 28, with Trichet taking part in talks to
  save Belgium's Fortis over the weekend.
- Trichet said a pan-European approach to the banking crisis
  was unlikely, saying ``we are not a fully-fledged federation with
  a federal budget.''
- ``Each country has to mobilize its own efforts,'' said
  Trichet. ``But of course there is a European spirit and that is
  the spirit of the single market.''
- Trichet declined to answer questions about ECB monetary
  policy before tomorrow's interest-rate decision. All 58 economists
  surveyed by Bloomberg News expect the central bank to keep its
  benchmark rate at 4.25 percent.
- Clear Message
  
  U.S. stocks plunged after lawmakers rejected a proposal that
  would give the Treasury broad power to buy mortgage-backed
  securities saddling investors and financial institutions with
  losses.
- ``I think the message from the markets yesterday was clear,''
  Senate Republican leader Mitch McConnell said on Sept. 30.
- Stocks rebounded yesterday on optimism the bill will be
  passed later this week. The Standard & Poor's 500 Index rose 58.35
  points to 1,164.74, recouping more than half of the previous day's
  8.8 percent plunge.
- European leaders are trying to better coordinate their
  response to the financial crisis.
- Cash Injections
  
  ``What's needed is for us to continue to tell our fellow
  citizens that we will ensure price stability,'' Trichet said in an
  interview broadcast yesterday on the France 2 television channel.
- Governments and other authorities have also taken steps to
  protect the U.K.'s Bradford & Bingley Plc, Brussels- and Paris-
  based Dexia SA, Iceland's Glitnir Bank hf and Germany's Hypo Real
  Estate Holding AG. Ireland yesterday guaranteed the deposits and
  borrowings of six lenders.

28 Sep 08

Wall Street Pirates Wont Get Unconditional Bailout - The International Forecaster

theinternationalforecaster.com/...Wont_Get_Unconditional_Bailout - Preview

illuminati us-government lehman-brothers bear-stearns goldman-sachs jp-morgan-chase citigroup wachovia bank-of-america congress tax-payers plan controlled nwo economy

Wall Street Pirates Wont Get Unconditional Bailout
- I hope not - on 2008-09-28
Add Sticky Note
Posted: September 27 2008
92 more annotations...
- Planned profits for the elites, successive administrations set the stage for current market debacles, bailout plan set months in advance, threat of a depression from the bailout, Economy set to wither, Wall Street will not go unscathed, a stampede to safety is coming
- Slick Willie Clinton did more to tear down our military than any other President in recent history, and now we all know why, in spades.
- When you are the President tasked by the Illuminati with setting them up to make mega-profits through their military-industrial complex and illicit drug trade, via planned wars in Afghanistan, Iraq and Iran, and the initiation of a phony, so-called "War on Terror,"
- the first thing you do is downsize the US military mightily so that all the fighting and support can be privatized, thus paving the way for mercenaries and contractors to do the same work as our soldiers at ten times the cost.
  - U.S. Government Illuminati insiders ruining our military - on 2008-09-28
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- You suck the taxpayers dry by using their dime to set up a gargantuan opium trade in the world's premier poppy zone known as Afghanistan, complete with a new independent Kosovo as an illicit drug distribution center, run by Islamic militant thugs, while simultaneously setting up the big oil companies to divvy up some of the world's largest, high-quality, low-cost oil in Iraq
  - NWO "trade route" - on 2008-09-28
  Add Sticky Note
- (and probably also in Iran, which the ongoing debacles in Afghanistan and Iraq have prevented them from doing thus far).
- Then you throw in no-bid contracts with outrageous profits and allow theft on a grand scale by fully paying for non-performance of those contracts, and by skimming off hundreds of billions via outright theft, graft and embezzlement, all to be accomplished by your next Puppet President and his Puppet Administration,
- in this case, the corrupt Caligula and his Nero-like cohorts who were charged with burning Rome to the ground.
- Not to be outdone by their brothers in the military and industrial complex, the big bankers and financiers of the Illuminati have, during that same period, profited from the dot.com bubble and real estate bubble, not to mention the quadrillion dollar derivatives casino, that were set up through the repeal of Glass-Steagall by the Gramm Leach Blilely Act in 1999,
- followed by the deregulation of what was to become the gargantuan OTC derivatives market by the Commodity Futures Modernization Act in 2000.
- Both of these legislative gifts to the Illuminati were given by, you guessed it, Slick Willie Clinton, while he was a lame-duck President.
  - Bill Clinton...Don't forget: he and Old Man Bush are very chummy - on 2008-09-28
  Add Sticky Note
- Why do you think the Clintons have become mega-millionaires since the Slickster left office. All the profits from books, speaking engagements and well-paid employment by corporate conglomerates of the Illuminati are the payback/reward money for the fine job he did setting up the mega-rip-off of taxpayers via the military-industrial complex and big banking.
- The Illuminati are masters at creating profits from OPM (other people's money, especially taxpayer money.)
- Now those same big bankers and financiers, after victimizing the world's financial markets with fraudulent real estate derivatives that will create multiple trillions worth of losses after dumping hundreds of billions in profits from fees, commission and spreads into their filthy pockets, want to pass the losses suffered through their implementation of that scheme,
- which has back-fired on them, with what we described in our last issue as the most abusive and piggish fascist scheme we have ever heard proposed.
- The Paulson Plan, so-called, is nothing less than the initiation of a scheme to complete the creation of a corporatist, fascist, police state, as a lead-up to world government.
  - This is exactly what it is and anyone who has studied this subject for a decade can see right through these Satanists. - on 2008-09-28
  Add Sticky Note
- This is why the Illuminati have financed and supported corporatist-fascist, communist, Marxist and other dictatorial governments throughout the world, and is why people like the evil maniacs who have been running Zimbabwe, Cuba, North Korea, North Vietnam, Afghanistan, Pakistan and Venezuela, not to mention the corrupt sheiks of the OPEC nations like Saudi Arabia, Iraq, Iran, and Libya, and their corrupt, dictatorial governments, have been able to remain in power.
- Russia would have been included in that list while the likes of Lenin, Stalin, Khrushchev, etc. and the Russian oligarchs were in power, and China has also received a lot of support from the US, including the betrayal of nationalist Chiang Kai-Shek in favor of communist/Marxist Mao Tse-Tung by Illuminist Harry Truman,
- and the implementation of free trade, globalization, off-shoring, outsourcing and both legal and illegal immigration which scum-bags, GHWB and the Slickster, stuffed down our throats.
- That way, the key nations of the world will all be on roughly the same socio-political page when the attempt to implement world government and an Orwellian world police state is finally made by the Illuminati through their propaganda front at the United Nations.
  - The eve of the NWO and the lead up to it - on 2008-09-28
  Add Sticky Note
- All these nations, which are rabidly hostile toward the US, are used by the Illuminati to stir up the trouble pot.
- "Double, double, toil and trouble, fire burn, and caldron bubble," here come conflicts to fuel the military-industrial complex and acts of terror to scare once freedom-loving people into giving up their Constitutional rights.
- You might have been wondering why all these big banks like JP Morgan Chase and Bank of America are buying up and absorbing toxic waste dumps like Bear Stearns, Merrill Lynch, Countrywide and Washington Mutual, seemingly without fear that their toxic waste might poison them and put them under.
- Wonder no longer, because all the Illuminist scum running these big banks were told in advance that the Paulson Plan would be slam-dunked down the throats of our Congress by the peerless Caligula Administration.
- All that toxic waste, they were told months in advance, would not affect them, because the Illuminist operatives in our government were going to pawn it off on the dopey sheople, who would be sold down the river by their traitorous, so-called representatives in our government.
  - The Government is where the real traitors reside - on 2008-09-28
  Add Sticky Note
- The Paulson Plan will start with $700 billion, and end up being $7 trillion (plus) as they extend the bailout to include not only real estate derivatives but credit default swaps and interest rate swaps as well.
- The average family of four gets a stimulus check for $1,200 from their government, and then they pay out 8 times that much back to their government, almost $10,000, just for the opening volley on the Paulson Plan as initially proposed, not to mention the Fannie and Freddie bailout, which will also cost roughly the same, just for openers.
- That is the Illuminist way, and it will create a hyperinflationary recession and a Very Large Depression that will make the 1930's look like a cake-walk, while simultaneously removing any remaining pretense of free and open markets.
- Twelve hundred for you, ten thousand for them.
- The Illuminist reprobates and sociopaths want to make you reap what they have sown.
- Rules and concepts of fairness are now whatever the Illuminati say they are as the quest for moral hazard replaces the quest for liberty and freedom.
- But not so fast. Could it be that a group of conservative GOP politicians from our House of Representatives have discovered their backbones and don't particularly want the fascist Paulson Plan, or are they just trying to put on a show for the sheople?
- Are they really concerned about the future of America, or are they merely attempting to make it look like there has been due deliberation, and consideration of some alternate plans to the Paulson Plan,
- to prevent voters from getting the impression that they have been fraudulently railroaded by their corrupt representatives under threats to their jobs, homes and pension plans?
- If these GOP patriots stick to their guns, they will become folk heroes. Otherwise, they will be recognized as pusillanimous, puss-sucking, political opportunists, and will get vaporized by voters in November.
  - In my opinion they would not lift a whisper to protest this were it not they are facing re-election in November. On any other issue they have never sided with the American people. - on 2008-09-28
  Add Sticky Note
- Note also how the stock markets are being moved up and down and all around, with the volatility being a message to Congress that things will go well for their reelections as long as they do as they are told.
- The plan of the aforementioned conservative republicans may be to get voter credit for rejecting the corrupt Paulson Plan, which can be passed anyway without them by the remaining Republicans, along with the Democrats, who have suddenly become Bushites to save their political skins.
- If you wanted proof that there is not a dime's bit of difference between Jackasses and Dumbos, here it is, "in yo' face!"
- Obviously, the Jackasses and Dumbos in favor of the Paulson Plan don't want to get all the credit for what they all know will be an unmitigated disaster, so it should be interesting to see what they end up doing.
- The conservative GOP plan puts the burden from losses generated by real estate derivative fraud on the pirates of Wall Street instead of on taxpayers, and rightly so.
- They have called on the government to insure the toxic waste, with premiums for insurance to be paid by the Wall Street fraudsters, not by the sheople.
- The idea is to make what are now unmarketable securities marketable again by insuring them with the full faith and credit of the US, which now has about as much weight as the full faith and credit of a Banana Republic.
- But of course the hope is that the full faith and credit of the US will not yet be perceived that way.
- What should happen here is that the toxic waste should be categorized according to rates of return, risk based on default and foreclosure experience, and the degree of impairment of collateral through reduced real estate values for homes covered in any particular derivative.
- The fraudsters should start by selling the best stuff first, which should be easier to value, to break the logjam in the derivative markets. They can net fund the government insurance premiums from the sales proceeds.
- They can then put the sales proceeds from the good stuff into payment of government insurance premiums for the not-so-good stuff as they continue their ominous cascade of de-leveraging.
- Values on faltering real estate derivatives should rise up as the once toxic waste gets the full backing of the US government, thus minimizing losses due to the lack of marketability and liquidity.
- The real crap should be saved for last and be written off without insurance for the tax benefits which will help them keep future profits from what will hopefully be more legitimate operations.
- Even with this help, we note that some financial institutions have so much toxic waste that they will still go under, especially when the quadrillion dollar Derivative Death-Star detonates, which is inevitable.
- If there is a failure, the insolvent institution can then choose to shore up what will be their horrifying net worth situation by getting a private equity injection, and if that doesn't work, and the amount of losses are not at impossible levels, they can choose between bankruptcy and a government bailout where the government gets super-priority bonds, ahead of all other interests, in return for the bailout money,
- but the amount would not be unlimited and the pool of bailout money available would have to be kept at reasonable levels to protect the dollar.
- Those with impossibly high losses would have to go bankrupt.
- Also, aid to foreign banks stung by the Illuminist flimflam fraud should be given consideration to restore confidence in our government and our system.
- Nevertheless, even this plan would still be inflationary as our profligate money and credit system became unclogged and as some bailout money was created out of thin air to save the borderline institutions. But such a plan would be far less inflationary than the Paulson Plan, which would require money to be created out of thin air in quantities that would break the dollar's back and start the mass exodus from treasuries that will bury and destroy the United States of America.
- In addition, we believe such a plan would only buy time and at best save a few borderline financial institutions that might otherwise have failed.
- The intertwining of counterparty risk on a quadrillion dollar derivative problem is going to take the whole system down in the end. Then we will have to start from scratch, which is fine by us.
- The House conservatives' plan also offers temporary tax relief to free up capital for companies to lend to one another, temporarily suspends the payment of dividends by financial institutions, requires participating firms to disclose to the Treasury Department the value of mortgage assets on their books, private bids received for those assets in the past year and their last audit reports,
- forbids the now nationalized former GSE entities Fannie and Freddie from issuing securities on unsound mortgages, and requires the SEC to investigate the performance of credit-rating agencies. Bravo, if they succeed.
- Let's now take a look at the new financial landscape in the aftermath of the initial carnage of the derivative debacle and credit-crunch.
- Who are The Big Four?
- We are left with the Fed as overseer of the Big Four.
- First, there is JP Morgan Chase, which bagged and tagged Bear Stearns with help from the Fed and Treasury and which just rescued Washington Mutual, preventing the FDIC from being wiped out in by far the biggest bank failure in US history.
  - JP Morgan Chase - on 2008-09-28
  Add Sticky Note
- Next is Bank of America, which went bonzai for toxic waste dumps Merrill Lynch and Countrywide in buyouts that are certain to come back to haunt them.
- Rounding out the pack are Goldman Sachs and Morgan Stanley, who just became bank holding companies, abandoning their investment bank status for the stability of a commercial bank, but with far less leverage.
  - Goldman Sachs and Morgan Stanley - on 2008-09-28
  Add Sticky Note
- You can rest assured that Goldie and Morgan will now dump their toxic waste on the Fed through the Term Securities Lending Facilities and will borrow from the Fed like fiends under the other plans of taxpayer largesse provided courtesy of the Fed.
- These four are now the too-big-to-fail Illuminist flagships which will continue to bilk the sheople out of their hard-earned money and assets ad nauseam while the Fed continues to lead the pack.
  - The Illumanist flagships - on 2008-09-28
  Add Sticky Note
- Also note how the Fed has been given more regulatory power just by virtue of the failures and mergers. They now have control over what used to be all the major investment banks, or their remnants, that were once outside of the Fed's jurisdiction.
- Our traitors in Congress will probably give the Fed even more power to prevent future financial fraud, even though the Fed is the biggest perpetrator of financial fraud in the history of mankind. Yes indeed, the fox will be given charge over the henhouse.
- Note that Goldman was in such bad shape that Warren Buffet's Berkshire Hathaway had to rescue Goldie with a 5 billion equity injection in preferred stock with another 5 billion in warrants for common stock at a favorable price, while Sumitomo and Mitsui Financial pony'd up a goodly chunk more.
- Morgan Stanley fared little better, and had to get an 8.4 billion equity injection from Mitsubishi Financial.
- Note how Morgan Stanley's talks with Wachovia broke down, probably because Morgan was scared to death over Wachovia's toxic balance sheets, and the same goes for Citigroup and Wells Fargo, who we did not hear a peep from as mergers were discussed, because they, like Wachovia, are about to become crispy critters as they explode and go down in flames like the Hindenberg as their fraudulent balance sheets detonate.
  - Citigroup and Wells Fargo about to go up in flames? - on 2008-09-28
  Add Sticky Note
- Fannie and Freddie are now of course nationalized, and Lehman has been fed to the piranhas.
- Drawing first blood on Lehman is Barclays, which acquired Lehman's North American Operations, and Nomura Holdings, which acquired Lehman's European and Middle East Operations.
- Then there is AIG, which has been placed in a state of suspended animation with a government guaranteed Fed loan of 85 billion, as they try to figure out what to do with it because of the trillions in counterparty risk.
- Citigroup, Wachovia and Wells Fargo are likely to join AIG on the suspended animation list as fodder for all the surplus dollar holders who will need a place to dump the cash from their coming fire-sale of treasuries which they will soon unload in order to prevent being hyper-inflated into oblivion.
- They will either go bankrupt or be eaten alive by the hungry piranhas who will wait until they smell the blood that is about to flow anew in the streets, to mix with the copious amounts of other blood that is already flowing in those streets.
- While the ancient Jews had lamb's blood to put on their door posts to protect them from the Destroyer, you will have to settle for gold and silver.
- You had best buy gold and silver quickly to protect yourself from the coming catastrophe.
- We also note that God is still available as well, and we suggest you call on His services for the ultimate in bailout protection.
  - God: the final arbiter, protector and provider - on 2008-09-28
  Add Sticky Note
- Orders for U.S.-made durable goods sank in August, falling 4.5% on weaker demand for a broad range of goods, the Commerce Department reported Thursday.
- Excluding the 8.9% decrease in transportation goods, orders fell 3.0%, the sharpest drop in nineteen months. The decrease exceeded the expected 2.0% fall forecast by economists surveyed by MarketWatch. It was the largest drop in total orders since January.
- Dozens of Arizona communities, counties, school districts and other government entities could lose nearly $40 million combined as a result of the collapse of Wall Street investment bank Lehman Brothers.
- Pima County alone is looking at a potential 45.2 million loss, Tempe could be down $3.5 million and the small communities of Maricopa and Goodyear each could see $1.4 million in savings from home-building boom days disappear if all the funds they have invested in Lehman’s are wiped out by the firm’s bankruptcy proceedings.
- In addition to local governments, investors in this fund include non-profits, school districts, irrigation districts, universities, airports and insurance groups.
- Premiums for job-based health insurance are up 5% in 2008 and have more than doubled since 1999; a growth rate that far outpaces inflation and the increase in workers’ wages over the same period, according to an annual survey of employers released Wednesday.
- Meanwhile, a growing number of workers at smaller firms are getting less coverage for their money as health plans with high deductibles and fewer benefits become more prevalent.
- The portion of workers with single coverage who pay a deductible of at least $1,000 has jumped to 18% from 10% in the past two years. Among smaller firms with three to 199 employees, the rate has more than doubled to 35% from 16%.
- On average, workers now pay $3,354, about 27%, toward the $12,680 annual cost for family coverage, according to the survey by the Kaiser Family Foundation and the Health Research and Educational Trust.
- Within hours of revealing his dramatic, confidence-boosting investment in Goldman Sachs yesterday, Warren Buffett had made a $783 million notional profit. $10 billion in fresh capital - $5 billion from Berkshire Hathaway, Mr. Buffett’s main listed company, and $5 billion through a public share offering.
- In a separate public offering, Goldman raised $5 billion through the issue of new shares at $123 a share.
- Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.32% this week, a sharp increase from 6.09% last week. It was the highest level for 30-year mortgages since they averaged 6.33% for the week of Oct. 25th.
- Amid uncertainty about the plan’s prospects, US money market funds controlling thousands of billions of dollars in assets led a stampede to safety, buying short-term government debt, selling commercial paper and withdrawing funds from the interbank market. As a result, the rates that banks charge each other soared, while yields on Treasury bills plunged.

27 Sep 08

The Raw Story | Daily Show: Bush 'won't be satisifed until American children are eating roadkill'

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jon-stewart cable-tv george-bush henry-paulson kids families road-kill economy us-government thieves robbers america tax-payers

Daily Show: Bush 'won't be satisifed until American children are eating roadkill'
11 more annotations...
- David Edwards and Muriel Kane
  Published: Wednesday September 24, 2008
- The Bush administration's proposed $700 billion bailout of troubled investment firms got the Daily Show treatment on Tuesday, and Jon Stewart was particularly incensed by Treasury Secretary Henry Paulson's coy reluctance to accept the taxpayers' money unless his decisions on how to spend it are made "non-reviewable."
- "Before we hand this Munster-esque unelected official 700 billion no-strings-attached dollars," Stewart remarked, "there is one thing you should know -- this financial guru never saw it coming."
- "I've got great confidence in our financial market," Paulson stated last March. "Our markets are resilient, are flexible. Our institutions, our banks and investment banks, are strong."
- President Bush also came in for his share of ridicule. "It turns out there are a lot of interlinks throughout the financial system," an apparently astonished Bush recently explained, illustrating the point with appropriate hand gestures.
- "Then AIG came along and the house of cards was much bigger. ... And so when one card started to go, we worried about the whole deck going down."
- Stewart turned next to Daily Show analyst John Oliver, saying, "After Katrina, after Iraq ... I didn't think there was another area that these guys could screw up."
  
  "It wasn't easy," Oliver replied. "It was like finding a vein on a failure junkie."
- "Is this economic crisis, then, sort of the turd icing on this administration's shitcake?" Stewart wondered.
  
  "Don't count them out, Jon," Oliver cautioned. "It's a long way to January."
  
  "You think there's more out there?" Stewart asked. "What's left for them to -- decomplish, if you will."
  
  "Do you still have a home?" Oliver asked. "Did your children have breakfast this morning? ... Was it something they found in the street?"
- "You're saying the president here won't be satisfied until American children are eating roadkill?" suggested Stewart.
  
  "Until they're fighting over roadkill," Oliver emphasized. "Until roadkill is the prize for the strongest."
- When Stewart asked why Bush would possibly want this, Oliver explained that it was a matter of "legacy. ... We all know he'll never be ranked as the best president. But he could still, if he works hard enough ..."
  
  "Be the worst?"
  
  "The last."
- This video is from Comedy Central's The Daily Show, broadcast September 23, 2008.

The US Banking Collapse Was A Controlled Demolition

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banks banksters us-government bush congress show paulson facade northern-command 1st-bct combat-troops citizens martial-law tax-payers criminals politicians

37 more annotations...
- "The US Banking Collapse was a Controlled Demolition"
- By Amy de Miceli,
  on 26-09-2008
- Published in : Agenda, Economy
- What does the rest of the world know that we don't?
- The United States Dollar is dead.
- While we are being jerked around by the main stream media here at home, the rest of the world has already drawn the final conclusion for us, and what they are saying about us isn't pretty.
- We are in the middle of a crisis much larger than most Americans could imagine, a portion of America cant even handle it for that matter.
- There is even a provision that would grant Treasury Secretary Henry Paulson dictatorial powers, and that is obviously insane, but here we are debating it.
- The Bailout is an awful idea, and the majority of Americans realize that.
- its a non issue and Congress is just playing a game, to distract the American people.
- We need to move ahead, and we should begin with taking our country back from the tyrants.
- Hank Paulson, has already taken control of the US banking system, journalist and expert economist Max Keiser compares Paulson to the 9/11 hijackers, calling him a financial terrorist.
- Keiser has been making his rounds on international broadcasts including France 24 and Press TV where he compares the collapse of the US banking system to WTC 7 - "a controlled demolition".
- Our news is being filtered and the rest of the world is ready to write us off.
- China has asked domestic banks to stop lending to U.S. financial institutions, to prevent losses. America has relied on borrowing money from foreign lenders, China was one of the largest lenders.We have put ourselves in debt to China, and they have cut us off.
- Meanwhile the President of the United States is trying to scarethe American peoplethreatening-support the Bailout or face more bank failures and a stock market crash, 401K's will evaporate, home prices will plummet, and foreclosures will rise.
- Sadly we face all of these things plus much worse, with or without the bailout, and our president is deceiving us and he's being aided by the media.
- During his speech on Wednesday, Bush claimed to have been informed by, "The government's top economic experts" and they are warning us, "without immediate action...America could slip into a financial panic and a distressing scenario would unfold."
- These experts are the same ones that have mislead us.
- Many people have been predicting this for many years, lets listen to some other economists. Today Senator Shelby, ranking Republican on the U.S. Senate Committee on Banking, Housing and Urban Affairs, met with the President and brought with him a 5 page lis
- The veil has been lifted for those who have eyes to see it. We are being shown who is in control of America, the bankers- the central bank. It is a sickening display.
- Right now we are relying on the rest of the world, if they continue to dump pr threaten to dump our dollar, we are sunk, and if our representatives pass the Bailout, and the Fed "prints" all those Billions of dollars, (trillions when its all said and done) we are sunk.
- Our dollar will be worthless, either way, they are taking it to zero.
- It is not an ideal situation but we are in it and there are other factors bringing us to our knees.
- According to the Energy Information Administration (EIA) our gasoline inventories are the lowest since 1967.
- The southeast is running out of gas, Asheville-Buncombe Technical Community College in North Carolina has shut down, and AAA reports that Nashville TN has the worst gas shortage, 85% of the gas stations are closed, and where you can find fuel, the wait can be 4 hours long.
- Add that to the flood damaged wheat, corn and soybean crops and our supermarket shelves will be getting thin.
- Bush can declare himself a dictator at any time, according to PDD 51, and implement martial law for any reason.
- What will happen when we are hungry and broke? They would expect us to be upset about that.
- In early September the an article fromthe ArmyTimes went virtually unnoticed for a couple of weeks. They reported that troops will be patrolling our streets,
- The 3rd Infantry Division’s 1st Brigade Combat Team has spent 35 of the last 60 months in Iraq patrolling in full battle rattle, helping restore essential services and escorting supply convoys.Now they’re training for the same mission — with a twist — at home.
  
  Beginning Oct. 1 for 12 months, the 1st BCT will be under the day-to-day control of U.S. Army North, the Army service component of Northern Command, as an on-call federal response force for natural or man made emergencies and disasters, including terrorist attacks."
- We are on our own people.
- Congress is putting on a terrific show,the Bankers will get what they want, the original bailout proposal was a prop.
- A bailout will not affect whether or not we have heartache at home, it only affects how long it will last, and how ugly it will get.
- Congress is merely making a final attempt at looking sincere, they have been profiting all along.
- The main stream media has no loyalty to America either, their strings are pulled the same way by the same people. America has been hijacked, we have lost everything, and now they want to leave us broke and homeless on the continent our fathers conquered.
- We cannot let that happen, get the mist out of your eyes and Stand.

26 Sep 08

Bush the Socialist and Destroyer by Llewellyn H. Rockwell, Jr.

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george-w-bush president free-market banksters wall-street bailout credit federal-reserve americans bernanke paulson stupid congress bribes tax-payers

Bush the Socialist and Destroyer
by
Llewellyn H. Rockwell, Jr.
33 more annotations...
- Anyone who
  has read a good economics book
  would be quickly reduced to laughter and tears by George Bush's
  ridiculous economic address to the nation.
- He put on his 9-11 suit
  and tried to warn Americans about the impending disaster: that their
  access to an infinite stream of paper money might be imperiled if
  they don't cough up hundreds of billions immediately.
- It is very
  tempting to go line by line and shout back.
- "I'm a strong
  believer in free enterprise, so my natural instinct is to oppose
  government intervention. I believe companies that make bad decisions
  should be allowed to go out of business."
- And this is
  why he nationalized airport security, created huge new bureaucracies,
  spent more than any president in American history, centralized control
  of education, put up more protectionist barriers than Clinton and
  his father combined, bailed out airlines, presided over the Sarbanes-Oxley
  reign of terror, unleashed anti-trust regulators, intensified health-care
  controls, and pretty much used every headline as an excuse to demand
  more money and power?
  - "Chimpy's" legacy - on 2008-09-26
  Add Sticky Note
- "The FDIC
  has been in existence for 75 years, and no one has ever lost a
  penny on an insured deposit, and this will not change."
- But the penny
  itself has lost 94% of its value in those 75 years precisely because
  of institutions such as the FDIC and the Fed. Does he really think
  we are that foolish?
- Here is my
  favorite:
  
  "The problems
  we're witnessing today developed over a long period of time. For
  more than a decade, a massive amount of money flowed into the
  United States from investors abroad because our country is an
  attractive and secure place to do business."
- So
  those nasty foreigners did it to us, huh? Maybe it was Bin Laden
  who sneakily tried to create a credit bubble by investing in U.S.
  stocks!
- And here is
  his description of the grave calamity we face:
  
  "As uncertainty
  has grown, many banks have restricted lending, credit markets
  have frozen, and families and businesses have found it harder
  to borrow money."
- Imagine that!
  We might have to live within our means for a bit.
- That would actually
  be a wonderful thing. Maybe a recession would last a year or 18
  months, and then we would be back on solid footing again.
- He very
  nearly admits that too much credit is what created this mess. So
  he proposes more credit so that we can continue to live on too much
  credit.
- And then what happens next time? Ever more credit? This
  path ends in Weimar-level inflation and total destruction.
  - Followed by German Hitler's American "Minie-Me?" - on 2008-09-26
  Add Sticky Note
- It is somewhere between
  55 and 90 percent, depending on the way the question is worded.
  Also, it is wide and deep opposition. It is made up of Democrats,
  Republicans, liberals, conservatives, blacks, whites, rich, poor,
  men, women – just about everyone, with no systematic bias among
  the polled groups.
- What is striking
  here is the level of public opposition.
- In other words, we have here a wonderful thing:
  a clash of group interests, as Mises would say. It is the state
  and its friends vs. the American people.
  - A long time coming; and LONG overdue! - on 2008-09-26
  Add Sticky Note
- That doesn't
  mean that Congress won't pass something or other. The administration
  is prepared to pay off every member.
- And yet the proximity to the
  election complicates matters. A lost election means no payoff, no
  matter what.
- If public anger is intense enough, these guys might
  balk in the end.
- This
  would be a glorious result. The "credit crisis," as Bush describes
  it, is nothing more than the kind of crisis a college kid faces
  when his parents cut back on the deposits to his checking account.
- It means less high living, a few more nights moping in the dorm
  rather than going out with his drinking friends. It does not mean
  the end of the world.
- The market
  is working now to make things right, to eliminate bad debt and get
  us back on a sound economic footing.
- The government can help by
  legalizing alternative monies, cutting regulations, cutting spending
  and taxing and wars (as Ron Paul says), but otherwise by doing absolutely
  nothing.
- Lehman failed on its own and yet life goes on. The same
  should happen to Goldman, Morgan, Bear, GM, and all the rest.
- Free enterprise
  is a profit and loss system.
- This is a time of losses, stemming
  from an overinflated credit sector, one that the Austrian economists
  have warned about for many years. Listen to the Austrians now and
  permit the failures to occur.
- By the way,
  since when has it been an article of our national religion that
  the economy must never, ever, under any circumstances, be permitted
  to fall into recession, even slightly? This is completely insane.
- The books you
  need to get to your congressman and staff now are America's
  Great Depression and The
  Mystery of Banking. The first explains that it was credit
  expansion and the attempt to keep prices high that prolonged the
  Depression which would otherwise have ended by 1931 or 1932. On
  this point Bernanke is all wet.
- The second
  book explains how money and banking work in a free market, as opposed
  to a subsidized, fiat-money, centralized system.
- These are the two
  most essential books of our time, because they completely overthrow
  the prevailing theory behind the bailout.
- Our choice
  is this. We can buckle down for a year-long recession and then get
  on the path to financial and economic soundness. Or we can set off
  a calamity that will last a decade or more, and perhaps even wreck
  civilization as we know it. That's our choice.
- September
  26, 2008
  
  Llewellyn
  H. Rockwell, Jr. [send him
  mail] is founder and president of the Ludwig
  von Mises Institute in Auburn, Alabama, editor of LewRockwell.com,
  and author of Speaking
  of Liberty.

24 Sep 08

US Treasury Bailout Auction Scam and How To Stop It :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

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jews bernanke paulson con-men bailout banksters congress tax-payers usa washington-dc crooks thieves america

US Treasury Bailout Auction Scam and How To Stop It
Sep 23, 2008 - 04:10 PM
By: Mike_Shedlock
24 more annotations...
- As more and more details of the Paulson proposal become clear, the smellier the package is.
- Today Bernanke admitted the Treasury has no intention of conducting a true reverse auction. Inquiring minds are considering Fed Chairman Bernanke Clarifies Government's $700 Billion Proposal .
- "I believe that under the Treasury program, auctions and other mechanisms could be designed that will give the market good information on what the hold-to-maturity price is for a large class of mortgage-related assets. If the Treasury bids for and then buys assets at a price close to the hold to maturity price, there will be substantial benefits," said Bernanke.
- In further questioning, Bernanke said the $700 billion proposed by Paulson should be "adequate," and argued that a lesser, "underwhelming" amount would only create more problems down the road. It's important to remind the public that this is not a $700 billion "expenditure," but that the auctions from the assets will earn "good value," and potentially even more, he added.
- The idea that taxpayers are going to get "good value" of out $700 billion of pure garbage is insanity, especially if those auctions are rigged.
- You know it, I know it, and Bernanke knows it.
- Bernanke is a liar.
- Conde Nast is reporting Bernanke Gives Up on Reverse Auction Idea .
- Under a reverse auction, Treasury wouldn't bid at all. It would circulate a list of assets, and then buy them from whichever bank was willing to sell them for the lowest price.
- The way Bernanke sees the auction working, however, it's the other way around: the banks would tender their assets for sale, and then Treasury would put in a bid at what it considers "close to the hold to maturity price".
- With thanks to Conde Nast for the link, Clusterstock is reporting CONGRESSIONAL HEARINGS: Bernanke Confirms Government Will Pay Too Much For Crap Assets .
- Bernanke wants government to pay significant premium over current "firesale" price for troubled assets.
- Specifically, he wants to pay close to the "hold-to-maturity" price, which he argues is much higher than the mark-to-market firesale price. Bernanke and Paulson believes this is necessary to get banks to participate.
- This is a huge boon to banks and will likely hose taxpayers. Why?
- Because the government will not have time to figure out what the true "hold to maturity" value of these assets is. Instead, it will have to take the word of banks who have every incentive to dump their crap on taxpayers.
- The justification for this is that banks won't participate in the bailout unless you give them big incentive to do so.
  - Who gives a flying rat's ass what the banks like or do not like?! They are in no position to make demands. Let'em all fall...hard!! - on 2008-09-24
  Add Sticky Note
- To which we say: Tough beans. Make the program expensive, as it should be. Give the banks a specified period of time to accept the help or forever forego it. Then work with the banks that jump at the offer.
- 24/7 WallStreet is reporting Paulson Plan Shows A Weakness: Above Market Pricing, Greater Taxpayer Risk .
- What has become clear is that Treasury plans to purchase bad assets from banks at prices very near their original value.
- The risk to taxpayers under this program would be tremendous.
- If housing prices continue to fall, so will the value of the paper the government has purchased. Under this set of circumstances the public could be at risk for underwriting the great majority of the Treasury's purchases and never having a chance to recoup their investment.
- Buying troubled bank assets at above where they would be valued in a free market now and at a price which is near to the potential price when they mature is a great handout to the banks but undermines almost any chance that the Treasury will ever get any meaningful yield from the bailout.
- Taxpayers lose any chance of being made whole.
- Stop The Scam
  
  You know what to do. And that is send another fax.
  - Sending another fax or "imploring" through phone calls that those lame dicks in Congress do their jobs and begin to represent "We The People" is fruitless and a waste of time. Call and "demand" the limp dicks do what is best for the American people and Bernanke, Paulson and their Bankster-Gangster friends be damned! - on 2008-09-24
  Add Sticky Note

Steve Quayle News Alerts: Here At The End Of All Things

Here at the End of All Things
September 20, 2008

Doug McIntosh
40 more annotations...
- After Frodo Baggins had failed at the great task given him, the return of the ring to be thrown into the fires of Mount Doom, he was saved by Gollum biting his finger off. In his glee Gollum danced along the edge and then fell into the molten lava, thus completing the task Frodo began. Frodo and Sam then ran out and ended up on a piece of rock waiting to be melted by the flowing lava all around them. In the brief conversation between Sam and Frodo, Frodo says "I am glad you are here with me at the end of all things Sam."
- Honestly, I am not sure I even want to write an essay about the events of this week. They are too raw, too painful and too final, if you get my drift.
- Only this time there will be no victory.
- Our own version of Sauron, Paulson, Braying Bernie and Barking Barney Franks have ensured the total economic destruction of the United States of America.
- We are now at the end of all things for the American Republic.
  - The end of the Republic - on 2008-09-24
  Add Sticky Note
- It is over now.
- I could see it coming earlier this week when Barking Barney, the Democratic Chairman of the House Committee of Financial Chaos gave his little press conference. His "plan" to absorb all bad debt into one government blob and thus save the system was floated Tuesday or so.
- I then saw the IMF terrorist pushing the same agenda on the Leher report.
  - The "IMF terrorist" - on 2008-09-24
  Add Sticky Note
- My spider senses started tingling, or in this case my bull manure sensors, and I knew the game was over. Less than 72 hours later, the NWO moved in for the kill. The Rubicon has been passed.
  - The NWO - on 2008-09-24
  Add Sticky Note
- What "they" have done is monumental in its folly, insolence and open corruption, I will give them that.
- The NWO, not being merely content to pick the pockets of the American taxpayer have now hung them upside down to make sure everything falls out.
- I admire their technical capacity for endless greed if nothing else.
- They are certainly evil, but they are showing a level of competence I find truly amazing.
  - Evil men - on 2008-09-24
  Add Sticky Note
- Not that it will the NWO any good in the end. This turnip, the American taxpayer is dry. Squeeze away my NWO whores, that lump ain't the golden egg; instead, it is brown and has a distinct odor. Can you guess what it is made of?
- In the pathetic and dismal news media coverage, even worse and more deceitful than usual, I have seen the figure $700 Billion and then $1 TRILLION batted around.
- The reason for this is not that these figures are even remotely accurate, it is simply the terminally ignorant masses, thanks to the NWO education system, can't comprehend all those zeroes.
- Again, not it really matters when Barking Barney or Paulson-yes I am going to have to come up with an acid name for him-throw them out.
- As if the extent of the "toxic debt" on Wall Street is even close to $1 TRILLION.
- Just to make it clear, Barking Barney, Braying Bernie, President Pretzel and Paulson, along with the entire political, media and economic powers that be, with the exception of some Republicans, are in on the fix.
  - Bastards and traitors! - on 2008-09-24
  Add Sticky Note
- It is ironic that my criticism of our Afro Marxist, Barack Obama, is now meaningless. Barack isn't going to have anything left to nationalize since Bush et al have done it already.
- All Obama can do is clean up the table scraps from the dismembered corpse of the American Republic.
- So much for conservatism. Modern American conservatism is now openly about preserving the wealth of the elite. No pretenses anymore.
  - Neoconia - on 2008-09-24
  Add Sticky Note
- We are not talking about a $1 TRILLION bailout; we are talking about a $415 TRILLION. By my reckoning, the US Federal debt is in the $10 TRILLION range. With the takeover of Fannie and Freddie, it is now in the $15 TRILLION range. Now with the federal government essentially covering ALL WALL STREET DEBT, we are looking in the $415 TRILLION range, with an additional $60 TRILLION in federal government liabilities like Social Security etc. etc. etc.
- I want to be very clear here. I am still somewhat staggered at the open greed involved in this rescue.
- It has been a truly mentally destabilizing event for me watching the stock markets rally, on a global basis, due to the fact the US government increased its debt by $400 TRILLION. All the world is a stage; all of us are actors, but some are Sir Lawrence Olivier and some are Bozo the Clown.
- Not only have the inmates taken over the insane asylum, they are staging Shakespeare's "Hamlet" with Bozo the Clown in the lead role. Catcalls will not be tolerated.
- They seriously will try to maintain the illusion of the US taxpayer paying off this stuff. I am reminded of Will Rogers famous quote about taxes and patriotism to the effect he could be just as patriotic with less taxes.
- I should also add Biden's statement about the "patriotism" of paying higher taxes is only the tip of the iceberg here.
- No one with more than two functioning brain cells can possibly believe this "bailout" and this "rescue" can possibly work. It is nothing less than sheer economic lunacy to believe an American economy of a mere $15 TRILLION can absorb $15 TRILLION, the current federal debt plus Fannie and Freddie, much less several hundred TRILLION of Wall Street debt.
- The NWO may be stupid, arrogant and greedy beyond all pale, but even they understand that.
- Which brings us to the real reason they are doing it.
- The idea this current economic "situation" is unplanned isn't true. It is scripted by the NWO right down to Bozo's makeup.
  - It was planned - on 2008-09-24
  Add Sticky Note
- The proper question to ask is this: what happens when this "rescue plan" crashes and burns? What happens when the "full faith and credit of the US government" not only fails to protect the fiat dollar, but fails to protect banks, credit unions, various corporations and Wall Street?
- I will leave that as a cliffhanger I guess. I figure my readers are smart people, after all you are reading me aren't you?
- When the currency fiat dollar collapses, then it will need to be replaced. And when the social order slides into chaos and anarchy it also will need to be replaced. The same argument Julius Caesar made when the Roman Republic, after rotting for nearly a century, fell into dictatorship.
  - The overthrow of America and the real traitors, the true terrorists are in the U.S. Government and their Wall Street cabal. - on 2008-09-24
  Add Sticky Note
- I must say watching the global stock market rallies and the joy on lie a vision commentators was a very strange experience. I felt like I was watching Gollum dance on the edge of the abyss, the joy of the shills was just as intense.
- I would remind all of you of what happened to Gollum. He slipped and fell into a sea of molten lava.
- We are dancing for a while longer I think. And then we will find out the real reason they put the melt in meltdown.
- We have diluted the equity of the US government to virtually nothing. ZERO.
- The game is in the final stages now. It ends not with a bang, or even a whimper, but with panicked bluster.

Still Alive In Outlaw Territory

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Still Alive In Outlaw Territory
Jim Kirwan

9-24-8
38 more annotations...
- For nearly eight years now this country has been Outlaw
  Territory, the Badlands of the planet where law and order have been left
  to die of neglect in the West Texas sun of Crawford, and all across America
  as well as in the Halls of Congress where 'Justice' has not shown her
  face since December 12, 2000.
- No regulation, no oversight, no investigations, no criminal
  justice, no civil justice; nothing here but outlaws living and killing
  under the international rules of power and greed, namely: "There
  are no rules, only the winners shall profit, and they shall take it all!"
- The Judicial branch brought us here but the Congressional
  branch is the one that has condoned everything that the executive branch
  of government has demanded from every citizen, over all this time!
- Contrary to what most Americans might think, the world
  has been watching what "we've" been doing in Outlaw Country
  since we first began to live in this Twilight Zone with our new Barbarians
  that claim absolute rule over the country now, and the world tomorrow!
- ". . .a comprehensive and malicious assault upon
  the integrity of the international and domestic legal orders by a group
  of men and women who are thoroughly Machiavellian and Straussian in their
  perception of international relations and in their conduct of both foreign
  policy and domestic affairs.
- Even more seriously, in many instances specific
  components of the Bush administration's foreign policies constitute ongoing
  criminal activity under well-recognized principles of both international
  law and U.S. domestic law, and in particular the Nuremberg Charter, the
  Nuremberg Judgment, and the Nuremberg Principles, as well as the Pentagon's
  own U.S. Army Field Manual 27-10 on The Law of Land Warfare (1956), all
  of which apply to President Bush himself as Commander-in-Chief of United
  States Armed Forces under Article II, Section 2 of the United States
  Constitution.
- Depending upon the substantive issues involved, those
  international crimes typically include but are not limited to the Nuremberg
  offenses of crimes against peace:
- For example, Afghanistan, Iraq, Somalia,
  and perhaps their longstanding threatened wars of aggression against Iran
  and now Pakistan.
- Their criminal responsibility also concerns Nuremberg
  crimes against humanity and war crimes as well as grave breaches of the
  Four Geneva Conventions of 1949 and of the 1907 Hague Regulations on land
  warfare:
- For example, torture at Guantanamo, Bhagram, Abu Ghraib, and
  elsewhere; enforced disappearances, assassinations, murders, kidnappings,
  extraordinary renditions, "shock and awe," depleted uranium,
  white phosphorous, cluster bombs, Fallujah, and the Gitmo kangaroo courts."
  And there's much more (1)
- From War Crimes and Crimes Against Humanity, this "government"
  has now 'moved-on' to insisting that they must be allowed to totally
  restructure the entire financial system of this country, by turning the
  whole thing over to the Federal Reserve and the Securities Exchange Commission.
- In reality what they really want to do now is to convert the US Treasury
  with guidance from a private central bank called the Federal Reserve;
  into the world's largest Hedge Fund!
- "With capital of $700 billion and the authority
  to buy and sell any highly leveraged financial instruments, the Treasury
  will become one gigantic hedge fund that can and may well act to move
  multi-trillions.
  
  If such an entity makes one wrong move, it can bankrupt
  its owners within a few hours." (2)
- Maybe we should take a step back and think about this
  obscenity a bit more. Secretary Paulson has implied that if we don't do
  exactly what he says 'then the economy will most certainly crash.' But
  is that true and who exactly is Paulson really:
- "Paulson is a ruthless and brutal eco-freak usurer
  who learned his trade at the Goldman Sachs stock-jobbing operation.
- He
  is now the leading member of the committee of public safety which rules
  in Washington and which includes Gates, Rice, and Mullen.
  - The illegal "Committee of Public Safety", and the members of the coup, Gates, Rice and Mullen. - on 2008-09-24
  Add Sticky Note
- He now demands
  the astronomical sum of 700 billion dollars for the bailout of mortgage-backed
  derivatives, collateralized debt obligations, credit default swaps, and
  other poisonous derivatives.
- Make no mistake -- this is not a bailout
  of homeowners who are threatened with foreclosure; it is a bailout of
  the lunatic house of cards which desperate bankers have built on these
  mortgages using derivatives.
- The entire crisis is not a crisis of subprime
  mortgages, it is a crisis of the derivatives bubble which was launched
  by Wendy Gramm of the Commodities Futures Trading Commission and Greenspan
  of the Fed with the connivance of Robert Rubin of Goldman Sachs and Citibank,
  and others in the Clinton administration, some 15 years ago."
  - Clinton administration's part in this too - on 2008-09-24
  Add Sticky Note
- And
  there is also this clarification about the difference between money-centers
  and traditional banks:
- "when we look at institutions like J.P. Morgan Chase,
  Citibank, and Bank of America, we become aware that these large money
  center institutions have become detached from any conceivable connection
  to the world of production, wages, transportation, and all other useful
  and productive activities.
  - Citibank and BoA - on 2008-09-24
  Add Sticky Note
- These institutions are not commercial banks
  any more in any meaningful sense of the term.
- Ten years ago, in the midst
  of the Asian financial crisis and the aftermath of the Russian GKO state
  bankruptcy collapse, the boss of JP Morgan Chase went on television to
  announce that his bank was specialized in the "risk business."
- The risk business meant that JP Morgan Chase had simply given up on the
  traditional activity of commercial banks, which was primarily to provide
  loans to corporations for productive investment in plant and equipment
  that would also create well-paid industrial jobs.
- J.P. Morgan Chase decided
  long ago that that activity was nowhere near profitable enough to be continued."
  (3)
- The Markets created this crisis, they were the ones that
  made massive and obscene amounts of money, and now that they've failed,
  they're demanding that the public which they have screwed for decades
  must bail them out! This BAILOUT at the point of a financial gun is a
  rotten idea all round!
  - I got a better idea: why don't they start jumping out of sky skrapers and tall buildings like their progenitors did in 1929. That will save the American tax payer a lot!! - on 2008-09-24
  Add Sticky Note
- After eight years of virtually no oversight at all, and
  no effective legal constraints, this is how the private mega-giants of
  finance chose to manage themselves, after all the regulations were lifted
  in order for them to rake in obscene profits; with an investment-to-reserve
  ratio of roughly between 80 or 100 to one: This debt crisis was inevitable,
  but the solution to it is not!
- These barbarians first took everything into the realm
  of private profits where they hid all the facts from government and public
  alike: then they proceeded to run rampant over whatever remaining rules
  there might have been-until the lid blew off the whole stinking mess and
  all of them were staring straight into bankruptcy and ruin!
- Now they are
  demanding that we simply take the word of the same people that are about
  to be charged with War Crimes and Crimes against Humanity, coupled with
  the word of the same crowd that created this mess in the first place on
  Wall Street and in Congress-in order to save these houses of ill-repute
  which they insist on calling "institutional pillars of this society"!
  Classic crap!
- These 'institutions' are nothing but another bunch of
  private- thieves with privatized-licenses to steal, without oversight,
  and without any social conscience.
  - That is exactly what they are - on 2008-09-24
  Add Sticky Note
- They're like teenage vandals that
  were left alone in a government house for eight years and now they've
  set the place on fire, but they don't want to be blamed for any of the
  damage that this will no doubt cause to the US Economy!
- And on top of
  that outrage they want to tell us: Those who actually own this economy;
  not only what to do about the fires and the crash that's coming-because
  of their actions-but they are not even willing to put up with oversight,
  by the courts or the public, in how they plan to go about fixing this
  national disaster which they created!
- Jail would be too good for them
  all-but whatever happens they can not be allowed to run "the fix"
  or dictate how it should be dealt with, under any circumstances!
  - Amen! - on 2008-09-24
  Add Sticky Note
- This entire economy runs on credit: Credit depends upon
  paying your debts; Apparently these clowns were betting that the debts
  would never come due and anyone that stupid should not be allowed
  anywhere near the US Treasury or the government.
- These are private independent
  contractors who have been issued a private-contract to control and deprive
  the public of the means we need to survive.
- If we want to live we need
  to remove these private contractors from any position of authority, anywhere
  in government but especially from the financial-markets they have nearly
  destroyed!
- To do this right, we really need to come together at
  least on this problem!
- kirwanstudios@sbcglobl.net

Bloomberg.com: 56 U.S. Senators and Congressmen Hold Stakes In AIG And Other Companies

Pelosi, Kerry May Share Pain as AIG Stakes Evaporate (Correct)
By Jonathan D. Salant
14 more annotations...
- (Corrects Sept. 19 story to show Hayes is from North
  Carolina in 11th paragraph.)
- Sept. 19 (Bloomberg) -- The market storm that brought down
  Lehman Brothers Holdings Inc., American International Group Inc.
  and other pillars of U.S. finance may have also blown holes in
  the portfolios of House Speaker Nancy Pelosi, Senator John Kerry
  and more than 50 other members of Congress.
- Pelosi, in her most recent financial disclosure form,
  reported that her husband owned between $250,000 and $500,000 of
  stock in AIG, which ceded majority control to the U.S.
  government this week in exchange for $85 billion of loans.
  - Pelosi's husband large stock owner in AIG - on 2008-09-24
  Add Sticky Note
- Kerry, the 2004 Democratic presidential nominee, disclosed
  that his wife, Teresa Heinz Kerry, had more than $2 million of
  AIG stock at the end of 2007, when shares were worth $58.30.
  - Kerry's wife owns large amount of stock in AIG - on 2008-09-24
  Add Sticky Note
- AIG
  has fallen 85 percent this week to close yesterday at $2.69. The
  lawmakers' aides didn't respond to calls seeking comment.
- Altogether, 56 senators and representatives had stakes in
  AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or
  IndyMac Bancorp Inc. -- some of the biggest casualties of the
  market bloodbath -- according to the Center for Responsive
  Politics.
  - 56 U.S. senators and congressmen had stakes in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns and IndyMac - on 2008-09-24
  Add Sticky Note
- The most recent annual disclosure filings list
  investments as of Dec. 31, 2007, and reveal the size of holdings
  only within a range of values. Lawmakers may have sold shares
  since then.
- ``Lawmakers, like everyone else in America who has any kind
  of retirement portfolio or stock holdings, are going to be
  suffering,'' said Gary Kalman, a lobbyist for the Boston-based
  U.S. Public Interest Research Group, a consumer-advocacy
  organization. ``This is a serious issue. We need to have a
  serious response.''
- Government Takeover
- Earlier this month, the government took control of Fannie
  Mae and Freddie Mac, which together accounted for almost half of
  the U.S. home-loan market.
- Representative Robin Hayes, a North Carolina Republican,
  had Congress's biggest AIG stake, according to the Washington-
  based Center for Responsive Politics. Hayes's AIG stock was
  worth between $2.8 million and $11.5 million.
  - North Carolina Republican Robin Hayes held the biggest AIG stake - on 2008-09-24
  Add Sticky Note
- John McCain, the Republican presidential nominee, avoided
  potential losses. Because of the Arizona senator's run for the
  White House, his wife, Cindy, last year liquidated a blind trust
  that had contained stock in AIG, Fannie Mae, Freddie Mac and
  Lehman. The amounts of stock she had owned weren't disclosed.
- Representative Jane Harman, a California Democrat, owned
  between $50,000 and $100,000 of Lehman shares, according to her
  disclosure form. Calls to offices of Hayes and Harman weren't
  returned.
- Pasadena, California-based IndyMac's bank was seized by
  U.S. regulators in July, in the third-biggest U.S. bank failure.
  IndyMac stock closed yesterday at 6 cents, after trading earlier
  this year for as much as $11.32.

23 Sep 08

USA

This was a rather tame run down of the coup in Washington that has taken over American; compared to Kirwan's usual writings.

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USA

Jim Kirwan

9-22-8
Today Bush literally said: "Yeah, this is a big price
tag, cause it's a big problem. I told my people that I don't want to be
timid in the face of a significant problem that'll affect the average citizen."
49 more annotations...
- In that same spirit, the public needs to respond to the
  fact that the United States has become nothing more than one continuous
  "immediate crisis" constantly on alert for threats of all kinds,
  but which responds only to the needs of the private corporate elite:
- Our
  failed leader has left out some key points in his most recent proposals
  that need to be considered:
- while
  consigning the needs of ordinary working people to the trash-heap!
- POINT 1, is that this country is no longer a Republic
  we are a corporation that is still in bankruptcy, which is why we cannot
  now just declare bankruptcy!
- "The UNITED STATES GOVERNMENT CORPORATION
  went BANKRUPT in 1933.
- They MUST renew the bankruptcy every 70 years.
  It was renewed in 2003.
- So it's already been bankrupt for over
  70 years which is why everything is such a mess.
- The U.S. Government
  became the US GOVERNMENT CORPORATION via the Act of 1871.
  - Thank you, damned Yankees!! - on 2008-09-23
  Add Sticky Note
- The result is
  that even our elections have been a complete sham and scam.
- The American
  people believe the system goes something like this, because it is what
  we have been taught in school (and) essentially brainwashed to believe."
  (1)
- POINT 2, is that the government is also lying about the
  urgency of this crisis, it does not "have to be addressed this instant."
  In fact 'the problem has not happened yet.'
- What is relevant is that Bush
  & Cheney have decided to create a pre-emptive financial attack upon
  the people of the USA, in order to crush dissent, before opposition to
  their plans can get organized.
  - Nuremburg! Nuremburg! Nuremburg! - on 2008-09-23
  Add Sticky Note
- "With truly extraordinary speed, opinion has swung
  behind the radical idea that the government should commit hundreds of billions
  in taxpayer money to purchasing dud loans from banks that aren't actually
  insolvent.
- As recently as a week ago, no public official had even mentioned
  this option. Now the Treasury, the Fed and congressional leaders are promising
  its enactment within days.
- The scheme has gone from invisibility to inevitability
  in the blink of an eye. This is extremely dangerous.
- The plan is being marketed under false pretenses.
- Supporters
  have invoked the shining success of the Resolution Trust Corporation as
  justification and precedent. But the RTC, which was created in 1989 to
  clean up the wreckage of the savings-and-loan crisis, bears little resemblance
  to what is being contemplated now.
- The RTC collected and eventually sold
  off loans made by thrifts that had gone bust. The administration proposes
  to buy up bad loans before the lenders go bust. This difference raises
  several questions.
- In 1989,
  there was no choice. The federal government insured the thrifts, so when
  they failed, the feds were left holding their loans; the RTC's job was
  simply to get rid of them.
- The first is whether the bailout is necessary.
- But in buying bad loans before banks fail, the
  Bush administration would be signing up for a financial war of choice.
- It would spend billions of dollars on the theory that preemption will avert
  the mass destruction of banks. There are cheaper ways to stabilize the
  system." (2)
- POINT 3, involves the actual status of the USA, or any
  other country, as a nation state today.
  - In light of the treasanous elite peeing in their silken knickers for a NWO - on 2008-09-23
  Add Sticky Note
- There are literally hundreds national
  flags still flying in the world - but the only 'countries' that matter
  now are the privately owned corporate states that have taken over everything
  already.
- We must resist or we shall be sentencing ourselves to meaningless
  impoverished lives of torture, shame, and needless death at the hands of
  the same people that have caused this so called 'crisis' in the first place.
- POINT 4, is that the same people that created this phony
  fiscal emergency still have their jobs.
- If this were real, then the first
  order of the day, for the nation and the world, would have been to fire
  the head of the Treasury and the SEC, at a minimum, but that was never
  contemplated because they are part of the pre-emptive strike and are needed
  to steal our money, reward the thieves and criminals and then leave us
  with the bills for all of it
- without bothering to tell the public what
  exactly they will use the money for, or how much this will actually cost
  the public-nevermind the fact that like the Iraq War, there could well
  be no end in sight for this hijacking of the entire financial system of
  the USA! (3)
- This goes all too well with the other surprises that were
  forced on Americans for political purposes: The lie of Pearl Harbor; the
  lie of the Gulf of Tonkin Incident; the lies about 911 and all that flowed
  from that; and of course the lies about Weapons of Mass Destruction in
  Iraq that's quite a lot of history to be associated with:
- Especially
  when the last three mega-lies are directly associated with the same people
  who were also never fired, and who like Kissinger and Rumsfeld and Rove
  and dozens of others are still active in American policy today!
- We need serious investigations beginning with 911 and
  moving on from there: but none of this will happen once Americans are permanently
  saddled with the kind of debt that is now being proposed for the backs
  of every American citizen, except of course for the elites who will become
  even more fabulously wealthy over this latest mega-lie!
- On top of everything else, according to Citizens for Legitimate
  Government Bush is now asking for dictatorial control over all of this:
  "Bush administration seeks 'dictatorial power unreviewable by the
  third branch of government, the courts'
  - That damned little Dictator - on 2008-09-23
  Add Sticky Note
- 20 Sep 2008 The Bush administration
  asked Congress for unchecked power to buy $700 billion in bad mortgage
  investments from U.S. financial companies in what would be an unprecedented
  government intrusion into the markets."
- Unreviewable decisions by
  a US president, amounts to making GWB into a King, not unlike the King
  George whom the American colonists rebelled against!
- POINT 5: If this plan gets the green light; then what
  will happen to our retirement plans and to social security may end up looking
  a lot like what happen to the Australians who have already done this.
- "Governments at every level, federal, state and local,
  are warning of severe cuts to spending on social programs, basic services
  and infrastructure. In New South Wales, the most populous state, it has
  been revealed that local councils have lost hundreds of millions of dollars
  by sinking funds into complicated, high-risk investment products, and are
  preparing to slash spending on essential projects, including roads.
- A recent
  report found that NSW councils had a combined exposure to collateralized
  debt obligations and capital-guaranteed products of $1 billion. Before
  Lehman Brothers collapsed, some 24 councils had been considering a class
  action against the corporation.
- Over the past two decades, ordinary working
  people have been compelled by the compulsory superannuation scheme introduced
  by the previous federal Labor government to take cuts in real wages and
  divert money into giant superannuation funds, all of which have been caught
  up in speculating on the financial markets." (4)
- At the same time, millions of people are seeing their
  retirement funds decimated.
- And finally why not force the US 'government' to prove
  their case: demand that they show us that their "BAILOUT" will
  even work. And if their plan does not work, then what is their plan for
  that eventuality?
- In times of a real crisis what is needed above all are
  calm and determined individuals, not the overly hyped-up babblings of a
  Paulson or a Bush. What is needed is a clean slate of players in the financial
  sphere of everything to do with our money?
- The FED bears major responsibility
  for every monetary crisis going back to 1913 and yet Bush wants to turn
  all this over to them, where no questions will ever be considered!
- Above all, the public whom this grand charade is supposedly
  all about, will not only get nothing but more debt from the "BAILOUT,"
  but the people will be burdened to the point of slavery for at least the
  next fifty years.
- This entire fraud needs to be dissected, studied and
  verified by people other than those who got us into this in the first place!
- The USA is not what it used to be in any aspect, but if even a shadow of
  this country is to remain, then the people who this government is suppose
  to serve must be heard from!
  - USA a different country now - on 2008-09-23
  Add Sticky Note
- Unemployment is at 27% and climbing, working people are
  in a Depression, and the candidates are dithering around mumbling about
  gestures: they need to face questions from the people that are reasoned,
  thought-out and audible before a national audience!
- Tough to do given that
  'the media' is the formal mouthpiece for these same corrupt pretenders
  all the way down the line. But 'creative people' might find a way, if it
  really matters to them!
- Bush says he "refuses to be timid in the face of
  (this) significant problem." So if that's good enough for the lame-duck
  in the Oval Office, it ought to be good enough for more Americans!
- kirwanstudios@sbcglobal.net

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