Editor: Good! Maybe she will run for president. Maybe it's time
we had a woman president who, together with Angela Merkel, and in true
Maggie Thatcher fashion, will clean up the screwed up mess that the
male politicians of the West have made of things!
Who better to nurture and restore the lost values of a sick
Nation than a caring mom for her dysfunctional child!
HAPPY RE-BIRTHDAY, AMERICA!
Editor: If insanity is doing the same thing over and over
again and expecting a different result, why did you Americans
think voting in an
apparent foreigner as president would do anything but turn
your economy over to a foreigner-owned, private bank?
Hello! Hello, out there. Are you sane, or not?
Oh! By the way. If you have a home or business
mortgage, the real owner is your soon-to-be, Fed-regulated
bank! Not you!
WND/Vox Day:
Firestarter
Ed: Here is the key and the real teeth of
this bill. These are what the Fed uses to control the
markets and the economy:
"Paul's bill would also make the Federal Reserve's
funding facilities, including the Primary Dealer Credit
Facility, Term Securities Lending Facility, and Term
Asset-Backed Securities Lending Facility subject to
congressional oversight."
Ed: Here is the $9 trillion, which came from some $10 trillion
dollars of BIS-reported derivatives' profits of the central banks.
Moneynews:
Video: Federal Reserve Cannot Account for $9 Trillion
Ed: As the BIS' agent, and as the reserve currency holder,
they are passing out the $10 trillion in derivatives loot to the
various national CBs according to their winnings in the rigged, unregulated,
off-books, derivatives markets. The most visible of these are the AIG payments
to restore appropriate collateral for their CDS insurance losses to the various
investors who bought their Fannie/Freddie toxic instruments. As the tacit
guarantor of the bonds, it seemed appropriate that the U.S. government's dirty
linen should be cleaned up at the Fed's and Treasury's laundromat.
Editor: This statement constitutes avowed racism from
this justice:
Sotomayor said, "I would hope that a wise Latina woman
with the richness of her experience would more often
than not reach a better conclusion than a white male
who hasn't lived that life."
Ed: This action is clearly a race-based act by a racist
individual:
Limbaugh also cited Sotomayor's decision to throw out
a reverse discrimination complaint by New Haven, Conn.,
firefighters who scored high on their promotion exams.
The results, however, were tossed out because the top
performers were Caucasian.
(Ed: This case is now before the Supreme
Court.)
Ed: It is clear we cannot know what Obama's thinking
was in making this appointment. However, we can "know
him by his fruits". As he has deliberately appointed
an avowed and practicing racist to the Supreme Court,
we can now know that B. Hussein Obama II is a
confirmed racist, and that the 20 years he spent in
the congregation of the avowed racist preacher, Rev.
Jeremiah White, were, in fact, in line with his beliefs.
Rachel Maddow: Indefinite detention?
Shame on you...President Obama
(YouTube.7:42)
NY Times:
Obama Is Said to Consider Preventive Detention Plan
Ed: Do not be fooled. This is no bobble-headed puppet
whose attention-span flits from a prompter on the left to
one on the right, but never does he look you (the camera)
in the face. He cannot, for this would expose his internal
contradiction. This is the Narcissus whose infatuation with
his own self-image permits him to simultaneously claim he
stands for the Constitution (God's natural law, or the 10 Precepts
- according to your faith), and yet proclaim a law allowing
past violations as a new law of the Usurper, a new law of
the Supreme Self-Image, and still remain Satan's law
revisited.
For those of you who find this God-like persona
as heroic, know that it is the usurping self-image within
you, the ego, which draws you inexorably to his cause, to wit:
Death.
The Thomas Gospel:
29. His disciples said to him: "Show us to the place where
you are, for it is necessary for us to seek it!" He said to
them: "He who has ears, let him listen! If light exists
inside a luminous one, then it enlightens the whole world;
but if he is not enlightened: he is a darkness."
Matthew 7
1"Judge not, that ye be not judged.
2 For with what judgment ye judge, ye shall be judged;
and with what measure ye mete, it shall be measured to
you again."
Ed: Based on their assessment of others,
using both Christian and modern science's teachings,
we can now safely name DHS as a "domestic threat".
By the way, the Supreme Court has ruled
that the 16th Amendment added no new taxing power to
the government (no tax on wages). Does this mean that
DHS now has the Supreme Court under surveillance?
Wash Times:
Homeland agency pulled back extremism dictionary
Ed: The American people need to wake up to
the fact that the executive branches and their various
legislatures are trying to convert police investigators
into all-in-one police-inquisitors, judges, juries and
executioners by legislating inferred motives as real
crimes, in and of themselves. This is precisely
the sort of thing the constitutional amendments were
designed to prevent. This state of mind and law is the
very definition of a police state. (
Lexicon, PDF, 1.23 MB)
Newsmax:
U.S. Importing Somali 'Pirate-Jihadists'
Ed: Come now! DHS has to have SOME
'man-caused disasters' in order to justify its campaign
against domestic terrorists, doesn't it?
New American:
More Extremism from Obama's DHS
Yahoo!:
US terror watchlist has 35% error rate
Wash Times:
Panel votes to investigate 'Extremism' report
WND:
Guess who Census banned as 'partners'
FEMA:
National Level Exercise 2009 (NLE09)
Ed: So FEMA is now holding exercises in terrorism
prevention. No doubt they will engage in some of Obama's
"preventive detention" of some of DHS's "right-wing terrorists" in
these, the reddest of the Red States. Note there is no attempt at
training for recovery efforts. The Constitution does not allow
preventive police action, so it seems the civil police are to be
militarized in 'prevention'. Maybe the 'recovery' effort is limited
to FEMA's detention camps on all the many military bases in these
states.
WND:
U.S. military teaches 'protesters' are 'low-level terrorists'
WND:
Pentagon pulls description of protesters as 'terrorists'
* * * * *
The Criminalization of Christianity (YouTube, 10:19)
WND:
Judiciary Committee greenlights 'hate crimes'
Ed: There are thoughts and emotions (hate)
which arise prejudged in our minds BEFORE we become
conscious of them (scientific fact).
There are physical actions which are
prohibited by law that are crimes.
These two have nothing to do with each
other whatsoever, UNLESS YOU MAKE IT SO!
This bill is a CRIME because it violates
the First Amendment free speech clause and the 14th
Amendment equal protection clause by punishing
permitted acts and granting unequal protection.
Though members of the committee may or
may not hate the First and 14th Amendments, their
act of voting for HR 1913 defines their act as a hate
crime in and of itself! It is a confession of their
hatred of constitutionally guaranteed First and 14th
Amendment rights by their very act of naming and
voting it so.
As hatred is in the mind's eye of the
beholder, we cannot judge their state of mind. But
when they vote to make the emotion itself a crime,
"We shall know them by their fruits" (labors). Hmmm...
Who was it that said that? Must have been one of
those abominable Christians.
WND:
Urgent, full-court press for 'hate-crimes' bill
WND:
House agrees to muzzle pastors with 'hate crimes' plan
Ed: At least we now know where the hatred
comes from - the 249 haters who voted for this bill.
WND:
Next on the Senate agenda? Pedophile Protection Act
Ed: If this law is passed and signed into
law you may be absolutely sure that the Congress and
this administration are mentally deranged, and they
truly come within the legal definition of insane.
This is a bill which would use psychiatric
science, which is designed to heal people, as a means
to silence them when they are political opponents.
Instead, these legislators should be patients in an
asylum, rather than as legislators who are misusing
science to destroy lives.
This bill will turn my metaphorical Sodom
into a literal one. You may be sure the city's already
premier 3% HIV rate will then be "off to the moon".
You will see the emergence, as with Mexico's elite, of
houses of prostitution (Mi Casa Su Casa = My house (is) your house)
specially catering to their elites by offering an
endless supply of child "virgins" (boys and girls) for
their gratification. This is already one of Mexico DF's
many dirty little secrets, which our elites secretly
profess to envy so much.(
Immigration and Usurpation)
WND:
'Hate crimes' fate now up to people
VDARE/Roberts:
Record Shows "Hate Crimes Prevention Bill" Will Suppress
Speech
American Thinker:
Hate Crime Legislation - Back Door to Censorship
WND:
Dobson: 'There's utter evil coming out of Congress'
WND:
Research: 'Hate Crimes' prelude to incest, polygamy
American Thinker:
Hate Crimes and the Sedition Act of 2009
Am. Free Press:
House Considering Censoring Internet
Ed: "Sticks and stones can break your bones,
but names (words) will never hurt you". They can't because
they are nothing but hot air. Any hurt comes from you, as
does the meaning itself. So if the hot air you hear hurts
you, you are doing it to yourself.
WND:
Court to government: OK to diss Catholics
Ed: What the #@*%^&@$^ is it you judges can't
understand? If you hear hateful speech, the hatred
comes from you...it is "hateful" to you. When you attribute
it to others without their admission, you are pre_judicing
your personal views upon others. When you judge others
without their confession of their own thoughts, YOU are the
bigot, and you deserve to be impeached from the bench for it!
AP:
AG Holder urges new hate crimes law
Ed: It seems the Attorney General assumes God-like
powers to read minds like his boss in the White House. Apparently
for neither one of these attorneys is punishment for the crime
itself sufficient...for their assumed divine power must needs
additional punishment to satisfy their self-righteous
wrath.
WND/Washington:
Liberal hate kills truth
* * * * *
HERE IT IS:
WHO CAUSED THE WORLD DEPRESSION, AND WHY!
Rense.com:
The Tower Of Basel - Secretive Plans For Issuing A Global Currency
Ed: Now you know where the $500 billion run on the N.Y.
Fed and banks that triggered the world-wide depression came from...
all to trigger the Basel II accords' delayed imposition on U.S.
banks of its rules for marketable securities (MBS here) until the
result would be collapse of the banking sector here and world-wide
...with the U.S. to blame (with a little help from Obama).
Newsmax:
Sen. Durbin: The Banks Own Congress
Infowars:
Geithner To Take Orders From Global Elite At Bilderberg
Yahoo!:
Central banks may need more power for financial stability
Ed: Central banks already have enough power to
create financial stability. They just don't use it for that,
even though that is their mandate from Congress. They use it
to create instability through artificially low interest
rates to create bubbles, and then to create monetary destruction
by collapse of the bubbles into deflation - followed by their
theft of monetarily depreciated real assets for pennies on the
dollar.
Giving them more power will only increase their
power to steal. Only if we end the Fed, and return to a
commodity-money standard, with a commodity that's un-taxable
and un-shortable (no forward selling) will we have financial
stability.
Yahoo!:
U.S. budget chief says signs of economic free-fall over
Ed: Yes, unless Geithner and the Bilderbergers decide
to re-initiate the "credit crunch" in the commercial mortgage
market, too. Just can't wait for that world government...Sorry
Folks! Think of all that prosperity they will bring your great,
great grandkids after they finish "moving all that money around".
* * * * *
Gov. Perry Backs Resolution Affirming Texas
Sovereignty Under 10th Amendment - Part 2
(YouTube, 10:37)
WSJ:
Obama Wants to Control the Banks
Ed: So if the "crisis" could be so
straightforwardly resolved by putting the troubled
banks in receivership and auctioning off their
assets as was done in the S & L crisis, why does
this crew need to control the banks down to hiring
and firing? Because they cannot recover the mortgage
bonds' collateral, and the credit default swap
'insurance' (read AIG) is so over-leveraged, to pay them
off under the implicit Freddie/Fannie guarantee it will
literally bankrupt the country several times over, if
paid in full.
If this seems extreme, you have only to
understand that in recent Florida foreclosures, 29 of
30 lawyers for the banks didn't even bother to show up
in court for their hearings.
As things look now, control of the big banks
is likely necessary to force resolution of these
foreclosing homes via some type of mass mediation or
mitigation of all outstanding mortgages, troubled or not.
So Americans will pay trillions in taxes to
excuse the politicization of the housing markets by the
government through Fannie, Freddie and the Community
Reinvestment Act. The entire "crisis" is little more
than a colossal cover-up of the mind-bogglingly stupid
and arrogant federal bungling at the taxpayers' expense,
and were it fully revealed, there would be 85 million
Americans in the streets armed with their 'pitchforks'
out to shed any federal blood they could find.
WND:
How banks were bullied into making bad loans
Newsmax:
Feds Get Tough With Mortgage Scams
Ed: So here we have another government
scapegoat to sacrifice for the public rage. Some of them
may well be dishonest, but where was the government when
they were creating millions of mortgage scams via Fannie
and Freddie? Where were these 'protectors' when they were
licensing 10,000 convicted felons as mortgage brokers in
Florida?
Newsmax:
Kotlikoff: Scrap the Geithner-Summers Plan
Ed: THIS IS EXACTLY WHAT I HAVE BEEN SAYING
ON THIS SITE SINCE LAST FALL!
"Without Fannie and Freddie’s status as
government-sponsored enterprises, the Community
Reinvestment Act, flawed financial-risk models,
regulations that encouraged ‘shadow banking,’
innovations that allowed banks to over-leverage,
and Fed policy that kept the real federal funds
target rate too low for too long, the
subprime/financial crisis could have been averted,"
writes James Dorn, in his editor's note, in the new
issue of the libertarian Cato Journal.
[i.e., flawed financial-risk models = mortgage-backed
securities (MBS)]
Ed: If the Fed can use all tools to stabilize
markets, it can also use the same tools to de-stabilize
markets, and does.
The Fed can, and does, lure its victims
into excessive debt by suppressing interest rates
while punishing savers. This then leads to debt-bubbles,
which it then collapses using these same tools to
de-stabilize markets into credit crunches.
Later, using these same tools in opposite
fashion, it can re-stabilize markets, while using the
stolen gains of its market de-stabilizations (profits
stolen from unregulated derivatives counter-parties) in
the markets it has rigged (gold, oil, DOW, futures) and,
with taxpayer funds via quantitative easing, buy up assets
for itself and its crony dealers at pennies on the dollar.
How much of this recapitalization theft comes
from taxes/inflation or gains from the $10 trillion BIS
derivatives wins in the markets it has rigged cannot be
fully determined without an independent audit of the Fed
(H.R. 1207).
Why are few willing to face this possibility
in view of all the evidence? Because, as some psychologists
call it, we are all "ego-robbed". We have been so badly
duped we cannot afford to admit to ourselves that we
have been had - big time. It is time for the American
people to realize that we no longer have free-market
capitalism in the U.S., but the corporatism (fascism)
of public-private partnerships, of which the Fed is the
archetype.
The private partner is empowered by the state
to steal from the people, and is given legal secrecy to hide
its thieving, while the public partner receives its portion
of the loot via the graft of perks and campaign contributions
from private lobbyists and agencies. This is true whether the
public-private partnerships are the Fed/Govt., public-private
toxic-asset bailouts, toll roads or government-funded
political-action groups. This is not free-market capitalism,
but is crony capitalism, and is what would be better known
as "crapitalism".
Moneynews:
Stiglitz: Bank Plan Makes Taxpayers Suckers
Reuters:
Banks could bet on toxic assets with taxpayer money
Moneynews:
Shocker: Banks Gave Big to Senators
Yahoo!:
Bank bailout may hurt taxpayers, be open to fraud
Moneynews:
Stiglitz: Break Up the Biggest Banks
A New Way Forward:
It Is Time To Break Up The Banks (Video, 33:27)
Ed: I bet you thought the government worked for you.
Now, like it, or leave it, you work for them.
(1) Because these junk mortgages were bundled
into 'bonds' and re-sold without the documents needed
to recover the loan collateral (houses) in default as
was done in the S & L crisis, the underlying asset can't
be legally foreclosed and sold to defray the loss. (2)
Because the collateral for these junk Fannie and Freddie
bonds is no longer recoverable, they had to be guaranteed
by the U.S. government. (3) Therefore, they also had to
be 'insured', (each one several times over by
credit-default swaps) in case the government failed to
live up to its tacit guarantee. (4) Because the government
now has to live up to its promise on these junk bonds it
sold to investors around the world, you, the taxpayer,
are now going to have to pay for your deadbeat neighbor's
house. (5) Because the government knows you don't want to
pay for your deadbeat neighbors' houses, you will be
forced to pay for them by the government's goons, (below)
recruited as 'volunteers' to harass, intimidate and bully
you into paying for them - and for their community-action
wages too.
This entire scheme is not, and never was
anything but a government instigated theft, and because
it is, you and your honest neighbors will have to
cooperate in a neighborhood watch (or a militia) to meet
that government moving van, locked-and-loaded, when those
government's thieves come to your front door. Because
when all else fails, it cannot seize it any other way.
And sooner or later it ultimately will come to that, after
they have impoverished us all by taxes and inflation. If
you want to save your house, you must act now, or prepare
for civil war later. Now you know why I paid cash for mine.
Newsmax/Boone:
Obama Foists $10 Trillion Ponzi Scheme on Us
Newsmax:
CEI: New Geithner Plan Will Explode Liabilities
Of course!. Suspending mark-to-market rule FAS
157 would by and large block the theft by the central
banks and their cronies. Make no mistake, government
public-private partnerships are public-private theft -
the Federal Reserve being the largest thieving,
public-private partnership of all. They are the very
definition of
fascism.
Rense.com:
The Fix Is In For The Owners Of The Fed
Business Insider:
One Small Problem With Geithner's Plan: It Will Bankrupt
The Banks
Ed: Of course! That's what it is supposed to
do, socialize the banks, big and small. Of course, SEC
could just suspend the mark-to-market rule in this
dysfunctional market, but then the Fed would have no
pretext to take over ownership and/or regulatory control.
MSN Money:
Fluke? Credit crisis was a heist
Lew Rockwell:
Looting by U.S. Government at All-Time Highs
Business Insider: Geithner's "Nuclear Option" Should Scare Bejesus out
Of Bondholders
Moneynews:
Critics: New Bailout Lacks Oversight
Examiner (VA):
The role fraud played in the mortgage crisis
Business Insider:
Stress Tests Are Biased In Favor Of Wall Street
Ed: This is not only a whitewash of the Wall
Street banks, who are mostly in trouble over toxic (MBS)
securities, but as a rationale to justify takeover of
local and regional banks by the Wall Street banks - as was
done with some 1300 banks in the S&L crisis. This, though
these smaller banks are lending, and are not in serious
trouble over their capital. More likely, they will
be bankrupted by new FDIC charges that are actually made
necessary by the corrupted big Wall Street banks' toxic
assets. In other words, more government theft for their
cronies and the Fed's agents to seize the performing
assets of your local, Main-Street bank. Moral: Shuck the
Darth-Vader, Wall-Street banks for the local one in your
area. I have.
Business Insider:
There Goes More Taxpayer Money Into Wall Street Pockets
Business Insider:
Geithner's New Bank Fix Is Bogus, Too
WND/Corsi:
Stress tests 'excuse to nationalize banks'
Moneynews:
Chanos: Banks Pulled Off Biggest Heist Ever
Yahoo!:
US official: Bailout funds to go to small banks
Ed: Like with the big banks - whether they
want it or not - so as to later convert preferred shares
to common (voting) shares. Last information is the local
banks don't need or want it (See images below). Then the
little banks will end up with government-appointed
managers, too. Mussolini would be proud of Geithner!
Business Insider: Documents Reveal How Paulson Forced Bankers To Take TARP Cash
Business Insider:
Now Obama Wants Pay Caps At ALL Banks
Moneynews:
Investor: TARP Enriches Speculators at Public Expense
Moneynews:
Banks Getting Runaround on TARP Repayment
Moneynews:
U.S. Stands to Lose Billions as TARP is repaid
Moneynews:
Scheme to Buy Bank's Toxic Assets Founders
Moneynews:
Bailed-Out Banks Lent Less Money in March
Ed: All your taxes for their big-bank cronies,
and for the Fed's market assassins.
Moneynews: Plosser: Fed Should Stay Out of Toxic Assets
Business Insider:
How Wall Street Got Impaled On Mortgage Backed Securities
Moneynews:
Moore: Washington Making Crisis Worse (Vid)
Ed: Kuwait had a camel market which became rigged in its valuation
methods. When the camel buyers found that the price of camels was fraudulently
bid up to ridiculous levels, they quit buying camels all together. Did that
mean that camels had no value despite the fact there was no market price? No,
but because the buyers and sellers could not agree on a mutually credible
price for camels, the camel market closed down permanently.
This is precisely the situation we face in the housing market.
Because no one can agree on a mutually agreeable valuation for houses,
collateralized mortgage obligations, and credit-default swaps, their markets
have virtually disappeared...not because houses have no value, but because all
buyers and sellers are so indoctrinated with the paper valuation of 'things' they
can't value the real goods themselves in order to purchase with the legally
required legal-tender currency. This is why the governments, the banks and the
consuming public can not trade in these assets. The mark-to-market rule in this
zero-market situation prohibits it, since both by law and as an article of faith,
legal-tender, fiat-money is the only permitted accounting valuation. In fact,
rather than favoring price discovery, in dysfunctional markets this rule prevents
it, even as rigged markets can also result only in false, non-freemarket price
discovery.
Rigidly enforced, this rule is equivalent to saying houses and camels
have no intrinsic value, and must be abandoned to rot.
As any good psychiatrist could tell you, this sort of mentality
is schizoid, and, if implemented, schizophrenic...in a word, "insane".
The remedies are to; (1) give up the schizoid notion that symbols
must substitute for substance (real assets' intrinsic value), (2) abandon the
mindless, mark-to-market valuation rule in dysfunctional markets, and (3) prohibit
the types of market activity that manipulators have used to rig the markets 'till
manipulations ultimately destroy the credibility of markets. The remedies
suggested by former Assistant Treasury Secretary Roberts - under the Reagan
Administration - are all worthwhile. However, the ultimate resolution lies with Ron
Paul's repeal of legal-tender laws, a return to a commodity-based money, and Walter
Williams' prohibition of taxation of the commodity that bases the money-system.
The Fed would likely then revert to just another private bank, and be shorn of its
corporatist powers.
Postscript: Note that Roberts openly admits in the last paragraph that
the government has been manipulating the gold price since at least the Reagan
Administration.
Moneynews:
Rule Change Could Dramatically Lift Stocks
Moneynews:
Source: Mark-To-Market Will Stay in Force
Ed: Now we have the Feds, who created this monstrosity of CMOs and CDSs
via Fannie and Freddie, and thereby turned a free market into a rigged one with their
Community Reinvestment Act and racial quotas, unleashing their bean counters at
the SEC to CYA for the politicization of the housing and credit markets by asserting
the supremacy of its delusional abstract accounting methods not only over the real
economy, but over concrete reality itself. Like the image above, their shifting the
balance towards accounting abstractions to the destruction of concrete markets will
plunge the world economy into a fatal fall. Were it up to me, I would commit the lot
of them to a lunatic asylum and straight jackets where their only free exercise would
be counting imaginary beans they move from one empty jar to another. These people are
so deranged by their pseudo-reality I doubt if phenothiazines or other anti-psychotic
medications could restore them to safely interact with other more normal human beings
in their daily lives. That little meditation exercise of counting aloud real beans
for a change might be the only therapy that has any hope of restoring them to sanity.
Reuters:
45 percent of world's wealth destroyed: Blackstone CEO
Ed: Oh, I see. 45% of the world's houses, farms, ranches, buildings,
automobiles, bicycles, tricycles, and rubber-duckies have been destroyed. Argh!!!
Bean counters!
Huffington Post:
New Rule Would Allow Banks To Choose Values Of Their Assets
Newsmax:
Audit Watchdog Pressured to Relax on Mark-to-Market
Moneynews:
U.S. Audit Watchdog Studies Mark-to-Market Changes
Moneynews:
Accounting Board Eases Toxic Bank Assets Valuation Rule
Moneynews:
SEC Reconsidering Uptick Rule to Limit Short Selling
Business Insider: Psst...Fed Not Actually Going To Make The Banks Raise That Stress-Test Capital
Ed: Nothing like a harsh dose of reality to wake up the bean counters.
Basel II Accords look like Basel 1 1/2 Accords for now, at least.
Business Insider:
Fed Approves Capital Raise Plans For All 10 Banks That Failed Stress Tests
Moneynews:
Banks Find Private Money, So Feds Put Off Toxic Auction
Moneynews:
Big Banks Begin TARP Repayments Next Week
Business Insider:
Repaying TARP Costs JPMorgan 1.1 Billion
Moneynews:
Bailout Banks Want Out of Taxpayer Stock Deal
* * * * *
conspiracy dick morris (YouTube, 5:09)
CFP (CA):
Obama Endorses Soros Plan to Loot America
WND/Corsi:
Obama's G20 plan kisses off Declaration of Independence
Right Side News:
Obama Agrees To Outsource Capitalism To European Socialists
The Week:
Our future as a financial colony
...With Washington DC as the world capitol,
and with the "citizen of the world" as its ruler - chosen
by the foreigners who own it, of course.
Now you know why Obama is spending your money
like water. He needs your debt to finance his new world
kingdom with their credit.
Gerald Celente is right. Obama, the CFR and their
'New World Order' are not socializing the United states,
they are privatizing it to foreigners. After all, somebody
has to pay your sons and daughters to go fight and die for
the 'The One' and his global kingdom.
And where will all the money for this new world
come from when the U.S. becomes third world...Washington's
IMF and its SDRs, of course. But not to worry, the new
Financial Stability Board in Switzerland, under the BIS'
rule-making influence, will supervise the world monetary
system with its oncoming Basel III Accords.
Truth or wild fantasy? Only 'The Shadow'
(banking-system) knows.
Global Research:
The Bilderberg Plan for 2009: Remaking the Global Political Economy
NWV/Kincaid:
U.N. To Emerge As Global IRS
THE 'CRISIS'
Ed: From the Fed data imaged near the bottom of
the page you can see the 'credit crisis' is a central bank
fraud perpetrated on the Congress and the American people.
Obama and Emanuel are using a fake crisis in
order to "not let a crisis go to waste" to socialize the
banking system, and, thereby, the political system.
What the Fed and the other central banks of
the BIS are instituting is the greatest theft in U.S.
history since they, FDR and the Democrats stole the
American people's gold from their safe deposit boxes in
1934. The people in Congress are groveling because the
Fed is intentionally panicking them by threatening the
credit it extends to the government to fund the bought
votes that keep these sycophants in office.
The Fed/BIS is the credit-drug grower, the
banks are the distributors, the Presidency and the
Congress are the pushers, and America's debtors are the
junkies who are now terrified of the withdrawal symptoms
being imposed on them by their suppliers' threatening
(but not really) to withhold their dope.
It's Chicken-Little Obama crying, "The sky is
falling! The sky is falling". But next to FDR's, "The only
thing we have to fear is fear itself", the guy is a pitiful
bad-joke!.
Newsmax/Limbaugh:
Obama Bent On Free-Market Destruction
Am. Daily:
'Obama Destroying the USA to rebuild it in his own image?'
Reuters:
Resistance grows to Obama's bigger government
WND/Williams:
States' rebellion begins to rumble
WND/Farah:
Obama's coupe d'etat
Newsmax:
Obama Policies Push Americans to Flee Country
WSJ:
The Real Culture War Is Over Capitalism
Newsmax:
Texas Rep. Sessions: Obama Trying to Damage Capitalism
Moneynews:
Goldberg: Obama an Economic Fascist
Moneynews:
Now Obama Will Decide Which Mortgage You Get
Ed: What Ron Paul and the Libertarians fail to understand is that if 'The
Philosopher's Stone' can turn (redefine) lead (paper) into gold, it can also turn
(redefine) gold into lead (paper) by means of legal tender laws.
Because paper has been redefined as gold, and because statute makes
paper "legal tender for all debts public and private", gold, like any other
commodity, can be shorted to valueless-ness through derivatives via the central
bank's power to create infinite legal tender out of thin air. Then it can erase
the 'money' created to depress the legal tender value of that real asset (e.g., gold)
in the consequent panicky liquidation of the derivative's notional (off books)
value at termination of the contract (futures, CDOs, CDSs, etc.) in a frozen
market where assets have been marked-to-market (on books) at virtually zero (stocks,
bonds, houses), buying those now legal-tender cheap assets to re-capitalize its
subservient, fractional-reserve banking system. (Not to mention enriching the
're-capitalizers' and their insider cronies on the side). The ultimate purpose
appears to be a forced merger of major banking institutions with some of the Fed's
primary dealers, and a re-merging of commercial and investment banking to create
a massive new national banking cartel of bank holding companies at fire-sale prices.
Additionally, the nationalization of Freddie Mac and Fannie Mae, as buyers of something
like 40% of the national home mortgages, may become permanent by the Treasury.
In short, if the central bank can create price inflation through
monetary inflation, it can also create price deflation via derivatives through
monetary creation, followed by monetary destruction (sterilization). While the
'money' is in the derivative pool, it is 'too much money chasing too much money and
is not chasing too few goods and services'. It is, therefore, not inflationary in
terms of price inflation. The Fed's duty from Congress is price stability.
Therefore, to achieve stable prices, it is not necessary to outlaw
the central bank. All that is necessary is to outlaw
legal-tender laws. The central bank is then rendered powerless in a truly free
market by some form of commodity money...as the market chooses. (Now you know why
Treasury seized the Liberty Dollar.)
After all, the U.S. dollar originally was the Spanish silver dollar.
It was never legal tender in the colonies, but things worked fine until we made
our own silver dollar, and then made it legal tender. This made banking and
lending profitable through usury (interest charges on self-collateralized money).
It was not for nothing that Jesus took a whip to those moneychangers
in the temple who exchanged identical weights of Caesar's pure gold for equal
weights, 'minus interest', of pure Jewish shekel gold - the legal tender for
paying one's religious tithe as a Jew.
Bloomberg:
Volker Says Fed's Authority Probably to Be Reviewed
Ed: After 94 years it's about bloody time!
WSJ:
The IMF's Gold Gambit
Moneynews:
Expert: IMF Manipulating Gold in Power Grab
WND:
124 congressmen demand audit of Federal Reserve
Business Insider:
Will The Dollar Standard Collapse?
Business Insider:
Why Quantitative Easing Fails
Business Insider:
The Day The Mortgage Market Stood Still
Business Insider:
Fed: We Were Never Trying To Set Credit Market Rates
Ed: The Fed has an enormous interest rate derivative operation
that completely controls long-term interest rates. If the long-term rates
rose, it is because the Fed made it so. So if they were not trying to set the
credit market rates, then perhaps they were trying to freeze mortgage markets
prior to imposing mandatory rate controls, and adding forced 'mitigation' of
all mortgages, sound or toxic, under federal control, with federal, rather
than state regulated foreclosure. Is this yet another Washington usurpation of
state sovereignty? "Only The Shadow knows".
Ed: This shows 'credit crisis' is actually Fed "Communications Policy" to enhance
the panic effect of the aforementioned, manipulated asset deflation on both the
public and the Congress...the Fed's equivalent of the Rothschilds' carrier-pigeon
news-rumor of Wellington's defeat at the battle of Waterloo. However, this author
also misses the monetary-destruction effect inherent in the collapse of portions
of the derivative markets and the massive short-squeeze supporting the dollar as
the world's reserve currency for commodities.
Like Paulson's successful threats to Congressmen of martial law to
scare them into passing $700 Bn in new money to bail out (buy-up and consolidate)
major banks (and Freddie Mac and Fannie Mae) due to the overwhelming "credit crisis",
we are now seeing the IMF apparently using the same rationale to justify dumping gold 'til around $400 an ounce - thereby strengthening the
dollar (FT.com:
Dollar reigns supreme), and then to effectively confiscate gold as the Treasury
did in 1934 at its artificially depressed dollar price. So just how real is this
"credit crisis" that is to justify nationalization of agencies, banks, houses,
student loans, and most of all, gold?
Ed: Not only was this "crisis" planned, it was caused with malice
aforethought. According to the Bank for International Settlements' (BIS) own
figures, the member central banks gained $10 trillion in real dollars (not
notional) in derivatives from 2006 to 2008. This money was gained through manipulation
of the unregulated derivatives markets, the futures markets and the commodities markets
by them and their primary dealers.
There is no crisis in the economy, there is only real-asset price
destruction by these central banks for their own enrichment, and at the expense of
their own member banks, commercial enterprises, and private investors (including house
investors). What you see as deflation, is actually theft by a manipulated panic from
real markets of the legal-tender value of all their real assets, causing debt/equity
and reserve ratios to trend negative so as to freeze lending by banks; to cause a flight
to 'quality' (their legal-tender 'money' - HA! HA! HA!), to buy up these now devalued
(in legal-tender terms) assets for a fraction of their worth for their own enrichment,
and also to enrich their agents and cronies.
Obama, the Democrats and some Republicans (GWB: "Deficits don't matter")
are already spreading the propaganda called "deficits" for the next generation of theft
through "quantitative easing", a.k.a., monetary inflation, designed to steal what little
is left of the monetary wealth remaining to the looted middle classes of the Western World.
Welcome to serfdom - 21st-century style.
Business & Media Inst.:
Senator Warns White House 'Will Create Crisis' and 'Panic' to Push Stimulus
Infowars:
Obama: Americans Will Accept Bankster Engineered Depression
Ed: This Chicago-style shyster (Yiddish, "sh*t peddler") is scaring you into
tolerating the biggest theft by our government since it stole everyone's gold from their
safe deposit boxes in 1934. If that doesn't work well enough, he will take away 85 million
Americans' guns so you can't defend yourself when he comes to steal your house.
(i.e., Because Fannie and Freddie didn't save the original Real Estate Lien notes for the
mortgage-backed bonds they bundled and peddled, the TARP funds
will buy mortgages that can not be foreclosed upon legally. The only way the government
can recover the asset is to break down the door, stick a gun in your face, and throw you
and your kids out into the street to live with all the other serfs sleeping in the public
gutters...your former friends and neighbors. What about your former home? If they don't
re-sell it at 50% of its former value (called "the Texas rule") to their cronies, likely
it will become a HUD house, and will be rented
at a subsidized rate to illegal aliens and other minorities on an affirmative action basis. Who can fault
such government 'charity' without being called racist? Now you know what "sacrifice and
compromise for one another" means. Oh, by the way, whoever does have the original note
will probably sue you to make you pay for it all over again.)
SFGate:
Homeowners' rallying cry: Produce the note
Am. Free Press:
Foreclosed Homeowners Try New Strategy
Ed: This is not to condone default on their mortgages, but doing so will force
the government to acknowledge its bungling and fraud in the Fannie and Freddie scam.
VDARE/Guzzardi:
What's Going On? Some Foreclosed Homeowners Stay Put -- Possibly Forever!
Ed: In other words, the taxpayers get to pay for much of the mortgage
because Fannie and Freddie can't foreclose.
How do you like paying for some deadbeat's house? (Vid)
Bloomberg:
Fannie, Freddie Face Pressure to Revamp as U.S. Aid Increases
Housing Wire:
Overwhelmed Illinois Court Postpones Foreclosures Until September
Ed: Now that banks are finally moving to foreclose, the courts
are facing the issue of no loan documents, which enormously complicates the
process. Therefore, they are scheduling the "Consent Foreclosures" to clear
what cases they can from the docket now...probably hoping for a federal
intervention to clear up or resolve the ownership issue.
Newsmax:
Treasury Weighs New Mortgage Subsidies (A.k.a, You pay for deadbeat's
mortgage)
Newsmax:
Senate Defeats Obama's Anti-Foreclosure Plan
Moneynews:
Lenders Share in Blame for Financial Crisis
Moneynews:
Subprime Lenders Got Big Bucks from Bailout
Ed: So the Fed's primary dealers and agents, who financed the
subprime bust, reap the rewards using taxpayers' funds to pick up subprimes'
real assets - cheap! Note that the politicians who politicized the subprime
market will be the ones now "investigating" (i.e., scapegoating) the cause
of the collapse.
Moneynews:
House Bill Makes Banks Keep Portion of Each Mortgage
Ed: Actually, this is a good idea as loan initiators will likely
have to keep the Real Estate Lien Notes and other loan documents, so that
foreclosure can proceed smoothly, if required.
Newsmax:
Exactly One Homeowner Saved by Barney Frank Plan
Wash Post:
Fannie Loses $23 Billion, Prompting Even Bigger Bailout
Ed: The only remedy is to close down Fannie and Freddie. Their
problem is not resolvable because their product is fatally flawed, and will
always be subject to politicization. The mortgage-backed securities they sell
are not derivatives, they are derivatives of derivatives, and the underlying
asset is often not recoverable. The government might be able to salvage some
of their function in the secondary market for home loans, but it will have to
limit the amount of the note the mortgage initiator can factor to them, so
as to force it to retain the necessary foreclosure papers. Once the paper
trail of ownership is broken, the only remedy is brute force, and the U.S.
Constitution does not currently allow it in this case.
Newsmax:
Thomas Sowell: Regulators Started Housing Crisis (Vid)
Wash Post:
Government Money Is a Toxic Asset
Newsmax:
Congress Passes Anti-Foreclosure Bill
Business Insider: So Much For Foreclosure Prevention: Fannie "HomeSaver" Re-Default Rate Hits 70%
Moneynews:
Obama Loan Modification Plan Ineffective
Moneynews:
Rising Mortgage Rates Could End Refi Boom
Buisiness Insider:
FDIC Delays Launch of Legacy Loan Program
Reuters:
U.S begins Fannie Mae, Freddie Mac reform journey
Intellectual Conservative:
Never Waste A Crisis - Manufacture One
Moneynews:
Soros: CDS Are Destructive, Should Be Banned
Ed: For once Soros and I agree. However, Fannie and Freddie bonds
must have their collateral made foreclosable first.
Moneynews:
Obama: Lenders Must Keep 5 Percent of Risk
Ed: Actually this is a very good move. It will force
loan initiators to keep the documentation proving ownership, and allows
foreclosure to Fannie and Freddie bonds and loan servicers. It also
will reduce the need for credit default swaps in housing.
Business Insider:
Obama's Regulatory Reform Plan: The Basics
Newsmax:
Obama's Plan Imposes Sweeping New Controls Over Banking Industry
Reuters:
Fannie, Freddie asked to relax condo loan rules: report
Moneynews:
One Million Nearing Eviction
Moneynews:
Mortgage Apps Collapse as Refi Market Dries Up
"If the American people ever allow the
banks to control the issuance of their currency,
first by inflation, and then by deflation,
the banks and corporations that will grow up around
them will deprive the people of all property, until
their children wake up homeless on the continent
their fathers conquered. The issuing power of money
should be taken from banks and restored to Congress
and the people to whom it belongs. I sincerely
believe the banking institutions having the issuing
power of money, are more dangerous to liberty than
standing armies." (Emphasis added).
--Thomas Jefferson, The Debate Over The Recharter of The Bank Bill.(1809)--
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