In the last 4 parts, we looked a little into the financial crisis of the country, how it will effect us and the rest of the world, and why I believe this was all planned for a long time. There is so much information about where the crisis began, and all the money and finance people behind the scenes. It seems to the general population that this all just happened, and Obama's plan for the government to spend money and federalize (ie: socialize) banks and health and other businesses, that this is the answer to all our problems, and soon we'll be back to normal. As long as the government takes care of us- we'll be OK.
Right? Wrong! Part of the point of all of these past posts are to show how all of this financial mess and other happenings with the Obama White house is heading in one direction, the new world government, some day soon to be run by the Biblical Antichrist.
The financial mess is only one part of the plan. When one is informed of all the ins and outs of this so called stimulus plan, one would see that there is no way that this will get us out of our financial problems, in fact, it may just add to them. Think about it. This so called stimulus package is not even targeted on programs to stimulate the economy. Instead, it is full of huge government spending for increased welfare, more overgrown bureaucracy, pork, political payoffs, and other waste. The wasteful
spending is causing record deficits of $1.5 trillion or more, equivalent to over 50% of the entire federal budget for fiscal 2008!
In case you've not heard or read it for yourself, the "stimulus" package includes
$50 million for the National Endowment of the Arts to help "the arts community throughout the United States." Now, I'm an artist, but I know I won't get any of that money, nor do I want it- when I know there are hard working people who are hurting in far worse ways than a bunch of elitist "on the edge" artsy types- you know, the kind which puts a crucifix in a jar of urine and calls it art, or makes a statue
of a naked Jesus out of chocolate.
$2.1 billion is for Head Start, another program not previously known for stimulating the economy. A further $2 billion is to be spent on Child Care Development Block Grants, which provide day care. So, no real tax breaks for families, but lets put our kids into government nanny programs. Do you see yet that the more government has control, the more they will control our private lives?
There is the attempt to stimulate the economy by increasing welfare spending. There is $20 billion for increased food stamps, including lifting restrictions on how long welfare dependents can receive food stamp benefits. So, those who have been raised in a cycle of welfare some how will stimulate the economy? Another $1 billion goes for the Low Income Home Energy Assistance program, to help low income families pay their heating bills. Still another billion goes to the Community Services Block
Grant to support "employment, food, housing, health, and emergency assistance to low-income families and individuals." Another $200 million goes for senior nutrition programs, such as Meals on Wheels. Then there is an additional $200 million for AmeriCorps, to help satisfy "increased demand for services for vulnerable populations to meet critical needs in communities across the U.S." Another
$5 billion is devoted to public housing. Now, don't get me wrong. People do need help with food, bills and a roof over their heads. People are hurting financially, but more government programs are not going to solve anything. They never have, and they should by all reason, know that it won't change anything. All this does is grow the dependence on government and "feed a man for a day" instead of "teaching him to fish for a lifetime". Again, it is not the government's job to be a charity. All of this is the liberal ideal society, where everyone is "taken care of". Once we are all on
the government dole, there are more ways for them to step into your life and dictate what you can and can not do.
Don't believe the government wants to grow on your dime? The "stimulus" package includes $2.5 billion for the National Science Foundation, $2.0 billion for the National Park Service, $650 million for the U.S. Forest Service, $600 million for NASA, $800 million for AMTRAK, $276 million to the State Department to upgrade and modernize its information technology, $150 million for maintenance work at the Smithsonian Institution, $209 million for maintenance work for the Federal Agricultural Research Service, $44 million for repairs and improvements at the Washington, D.C. headquarters of the Department of Agriculture, and $245 million to upgrade the information technology of the Farm Service Agency! This may create some jobs- for people in Washington! Oh, and don't forget all those new cars for federal employees. The majority of hard working Americans can't afford those fancy "Environmentally friendly" cars, but federal pencil pushers will be handed the keys no charge to them!
Oh, and for those of you who want socialized healthcare? This ought to make you think twice. A provision provides $1.1 billion for so-called federal comparative effectiveness research in regard to health-care services. The congressional report explaining the stimulus bill says:
By knowing what works best and presenting this information more broadly to patients and healthcare professionals, those items, procedures, and interventions that are most effective to prevent, control, and treat health conditions will be utilized, while those that are found to be less effective and in some cases, more expensive, will no longer be prescribed.
Welcome to socialized health control. Not only will the government have all personal files on each citizen, they will tell you whether or not you can qualify for that heart bypass, cancer research, etc. If you're old, you may not be worth that expensive eye surgery. If you smoke, it doesn't matter if you have 5 young kids- you don't get that lung transplant. Don't scoff. Countries such as Britain, Canada and France are already skimping on certain procedures and judging on who can receive what care.
I know there is not much we can do now that this spending spree has been passed. It's not really worth hashing out now, and frankly, I am sick and tired of doing all this digging about how pathetic the government is in making all these grand schemes- schemes the socialist liberals have wanted for so long to come true at last. The only reason I've stayed at it this long is to see how far and wide this all is, and how it's bringing about the Bible prophecies- which so many don't want to think about, and others still think I'm an idiot because I believe in it.
So. Government is messing with our financial systems. They want to federalize the banks, they don't have any money of their own, and the Federal reserve, which is made up of a bunch of back room genius' who, since they came about, have wanted to bring America under the thumb of a larger, global ruling government. What else is there which will help the world elite to realise their goals?
There has been more and more talk of the "Fairness Doctrine" lately. If you don't know what that is, basically, socialists don't like it when people are given a choice of what to believe in, and they don't like other people having the power of the air waves to bring dissent to the masses. To put it bluntly, too many people listen to Rush Limbaugh, Sean Hannity, Laura Ingraham, Mark Levin and others. These talk radio hosts are too popular to suit liberals. It's not enough that the liberals have the mainstream media in their pockets- they can't stand it that they don't rule the airwaves as well. Their attempts at talk radio have failed miserably, and much of it with tax payer money. What's worse for the libs is that talk radio is based on a capitalist system- and they really can't tolerate that. The only way for them to gain control of the radio is by shutting out other view points. Now, I don't listen to Rush and the others that much anymore. I still do once in a while, but mainly, I like to listen to my local Christian radio station, which is run on donations only, from a church in town. If I wanted to listen to talk radio though, I think, this being a "free country", with an incredible right of freedom of speech, I should be able to hear it. Same goes if the libs actually got a good show on, people ought to be allowed to listen to it. The only problem, is that if the so called fairness doctrine is signed into law, they will not stop at Limbaugh. They will go after my little ol' Christian radio station, by going after the larger Ministries which are broadcast daily all around the country. Many people, especially older folks, depend on hearing sermons, Christian music and good teaching from the radio and TV. Many are home bound, not able to make it to church every week. Some, like myself, have not found a church home to go to every week, or have other issues where they don't go. Doesn't matter the reason, it matters though that our freedom of speech, freedom of religion and freedom of the press will be gone if the fairness doctrine passes. Think Nazi Germany, people. Some of the smaller freedoms which they began to take away at first didn't seem so bad to the uninformed masses. Some of the programs the Third Reich instituted seemed reasonable to some people who didn't know any better. By the time the elderly, infirm, mentally disabled, and finally Jews and Christians were disappearing and the labor and death camps began, it was too late for anyone to object. To do so, for a few brave, meant death or worse. It is beginning here too. Don't ever say you didn't know.
So, why don't you hear about any of this stuff on the main news outlets? Well, for starters, media companies such as News Corporation (parent of Fox News, the Fox Business Network, and the Wall Street Journal), CNBC, and Forbes were all official sponsors of the WEF (World Economic Forum) meeting, which I brought up in my previous posts. CNBC is a subsidiary of General Electric, whose GE Capital is receiving a $139-billion taxpayer-financed loan guarantee as part of the Wall Street bailout. CNBC’s sister networks are NBC and MSNBC. Other “industry partners” of the WEF include Reuters, the British-based news agency.
So, what's the big deal? Considering many of the media big wigs, journalists and news reporters were scheduled to appear at such a meeting, and that many of them are involved in groups such as Trilateral Commission, the Builderburg Group and Council on Foreign Relations, it seems to be a little of conflict of interest going on. These groups have been meeting for decades, in secret, planning on financial, business and governmental policies which will effect the whole world- and being that many of the same people belong to all of these groups, brings home the point of the world being operated by a small group of elites that no one has voted for, can not be voted against and who holds the world's purse strings. What they want, will eventually happen- and is coming soon, thanks in part to our new socialist president and congress who would love nothing more than to dissolve America's sovereignty. What many of them don't realize however, is that all their plans and schemes were known since the beginning of time. All their plans are bringing someone soon, onto the world stage, someone the Bible has told about-
These people, who do not believe in Biblical things, who believe people such as myself are dangerous for believing, are the very ones bringing it all about. You may want to spend some time in the Bible to see where this is all heading.
Next time, Global Taxes and Global TV, the UN, losing parental rights, religious rights and more on the One World New Order.
Sunday, February 22, 2009
Monday, February 16, 2009
Conspiracy part quatre
"[There must be] some dilution of sovereignty, to the immediate disadvantage of those nations which now possess the preponderance of power ... the establishment of a common money, might be vested in a body created by and responsible to the principal trading and investing people. This would deprive our government of exclusive control over a national money." --John Foster Dulles, CFR founder, former Secretary of State, 1939
In the last post, we saw different things which can happen soon in our economy. Many things which most folks with even a limited knowledge of money would know through simple common sense know that this so called stimulus bill will have a larger impact down the road than it will immediately.
Back in the first post on this subject I admitted to my limited knowledge of math. I never was able to comprehend much past the 10th grade level. Common sense however, tells me that when the government passes legislation for such grand schemes which will cost upwards of a Trillion dollars and more, that money has to come from somewhere. I know from the national debt, our government doesn't have money to spend on more programs. I know that they have a limited choice on where to get that money. They will either borrow it from other countries, they could print it, or they will eventually get it back through taxes. Even to a math simpleton like myself, knows that either of these choices will be more of a disaster for this country, and as we've seen, the rest of the world as well, since we're all connected through globalized financing and banking interests. For more on this, See http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=88851
So. If it's not going to work, why is our government so intent on shoving these plans down our throats? In a few words, socialism, globalism and then, a one world system.
First of all, we now have a very liberal democratic government, and it's no surprise that many of these people espouse socialist, if not communist ideals which they have waited decades to be able to put into place. For them, the government nanny state is more equipped to "take care of" the population. In their minds, they know better than you and I, and are bound by their agenda to make sure they have as much control as possible. In the communist state, the people are the peons, who receive dole outs when deemed necessary, while under the rule of an elite governing body. In this kind of government, they control what you are allowed to read, listen to, and even think. They own the bank, so to speak, so they control what you are allowed to own, and how much you are paid, and what private monies you have.
This may sound crazy to some, but this is where we are headed. One only has to look at countries such as Russia, China, Cuba, Venezuela and other communist countries. The greater population is no better in some cases than peasants doing the bidding of the ruling elite. While the people have been taught for decades that the rich are the enemy of the lower class, the governments have in effect eliminated the upper class by bringing them down to lower class status. In Socialist rule, it is not the poor who are raised to wealth, but the wealthy who are brought down to poverty. They do this through government interventions, regulations and take over of private business, by creating a "class warfare or envy" situation, and unreasonable red tape and taxation on private enterprise. I'm getting ahead of myself. Right now, we need to understand how this economic crisis will effect all of us.
This is partly why all these latest "bail outs" and so called stimulus plans caught my attention. Not just the fact that this is the biggest waste of money in American history, but the governmental control and growth from this is absolutely huge and necessary to bring us to a socialist and global society with no more American imperialist ideas such as our own Constitution. This is just one more move towards removing this country's sovereignty and moving us towards being under the thumb of world rule from groups such as the United Nations.
The fact that there is financial distress and uncertainty all over the world, is leading to world leaders looking to nationalize Banks and financial institutions. From the 2009 World Economic Forum which was held in Davos, Switzerland, Klaus Schwab, the forum's founder told CNN in an interview that the current global economic slowdown is a "transformational crisis" that should be utilized to shape a "new world."
"Above all else this is a crisis of confidence," Schwab said. "To restore confidence you have to establish signposts that the world after the crisis will be different. We have to create a new world and that is what Davos 2009 will be all about – serving society."
Another speaker at Davos, Nouriel Roubini, New York University professor at the Stern School of Business, told CNBC the global banking system is "effectively insolvent." Stiglitz reasoned economic incentives dictated that private bank managers – if left in place after injecting TARP funds without government control – would "have incentives to pay themselves bonuses, to pay shareholders dividends and to use bailout funds to make acquisitions."
Joseph Stiglitz, a Colombia University professor and 2001 Nobel economics laureate who advised the incoming Obama administration during the transition, echoed Roubini's concerns in a CNBC interview from the Davos conference. "We need to run these banks for our interest," Stiglitz said, arguing the Obama administration should move to nationalize banks.
"The government could not do worse than the banks themselves have done," he observed, insisting TARP bailouts made no sense unless the government ended up controlling the banks.
And this brings us to President Obama’s pick for Treasury Secretary, Timothy Geithner. Just who is this guy? Who is behind Geithner and why? And why does Obama want him?
For one, Geithner has very powerful political and financial connections, not only to the media but the banking interests and lobbies that make U.S. policy behind the scenes. The former President of the New York Federal Reserve Bank, the Chinese-speaking Geithner was an associate of Henry Kissinger who can convince the Chinese Communists to continue to buy U.S. debt and finance Obama’s massive expansion of federal government power.
Henry Kissinger recently said, when he was celebrating U.S.-China relations on the floor of the New York Stock Exchange, Obama’s mission is to usher in a “New World Order.” What he forgot didn't say is that it is a China-dominated New World Order in which the U.S. has become a subsidiary of China Inc. Geithner’s father, Peter F. Geithner, serves on the board with Kissinger of the National Committee on U.S.-China Relations. This is the group that ran the opening bell at the New York Stock Exchange, celebrating Chinese investments in the U.S. economy. It also turns out that Peter F. Geithner was with the Ford Foundation and oversaw the work of Obama’s mother, Ann Dunham, developing what are called microfinance programs in Indonesia.
Kissinger said that Obama had “appointed an extraordinarily able group of people in both the international and financial fields.” He didn’t name names, but that obviously includes Geithner, who used to work for Kissinger Associates.
Remember that Geithner also cheated on his taxes, yet he never was called on it the way some of the other Obama picks were. Why is that?
Because Geithner is a wheeler-dealer for powerful special interests. He is a member of what is called the “Group of Thirty,” an affiliation which appears at the bottom of his biography, right after his Council on Foreign Relations membership. He was also, before he became an "Employee of the Federal Government" an associate of the governor of the Chinese central bank through this secretive "Group of Thirty", an organization of bankers and other top current and former officials from various countries. This organization has been funded by some of the same financial institutions getting federal bailout money. These include American International Group, Goldman Sachs and Citi, among others. Because it has a website and publishes an annual report, all of this seems open and above board. But the fine print reveals that some of the meetings are by “invitation only.”
Not only U.S. financial institutions are getting bailout money, but central banks around the world and Arab financial interests. In addition, private financial interests, including the hedge fund operated by billionaire and Obama contributor George Soros is also benefiting. You might be wondering why we never see anything about this in the news. Most likely because like the groups such as the Council on Foreign Relations, Trilateral Commission and the Builderburg Group have many members who are either the owners and CEO's of news media corporations or anchors and journalists. And they develop financial sources at these meetings that they swear to protect and defend and keep qiet about what they hear and participate in these elitist meetings.
Obama’s claims were that Geithner’s “mistakes” were “innocent” or “common.” However, in addition to the tax evasion, there is also the matter of Geithner having maids and other "domestic employees" while not knowing whether they were legally in the U.S. and not bothering to check when the legal status of one of the housekeepers expired. We have not heard much about this fact either. This is the guy we have in charge of out national Treasury.
Obama praised Geithner’s appearance at a press conference last week, by saying, “He’s going to be terrific. I’m going to make sure that Tim gets his moment in the sun.” Appearing behind a podium that proclaimed, “Financial Stability and Recovery,” Geithner carefully read from a teleprompter and provided a “comprehensive” plan. It was not comprehensive in any way.It was such a bad speech, that the market dropped and commentators and Senators were practically speechless.
It would be a serious mistake to say that Geithner is incompetent. He knows exactly what he’s doing. Basically, he was doing what most of the government does these days. It keeps us in the dark about details because we the people "Can't understand" the details. They are in control, and this is the “New World Order” and we had better get used to it.
Is Geithner’s “plan,” such as it is, designed to fail? He may not have all the answers because he has not been told yet, what to do. Those orders come from China, the global elite and the international bankers. After giving non-answers to Congress, Geithner was getting ready to take off for a G-7 Meeting of Finance Ministers and Central Bank Governors in Rome, Italy. These foreign finance officials may determine the nature and fate of Geithner’s “stability and recovery” plan. These top finance officials include central bank governors, who play a role in what he media described as “economic coordination among the top industrialized nations.”
One key global player is China. “Geithner spoke late on Sunday evening with Chinese Vice Premier Wang Qishan,” Reuters reported. So, Geithner was talking to a Chinese official even before he outlined his “plan” to the American people and the Senate.
In a statement, the Treasury Department said that Wang and Geithner “agreed that strong cooperation on macroeconomic financial and regulatory matters was an essential part of the U.S. relationship with China and that it was important to sustain close dialogue, particularly at this time of global financial turmoil.”
Wang Qishan was honored last year at a dinner sponsored by the United States Committee on United States- China Relations, on whose board Henry Kissinger and Peter Geithner serve. Another speaker at the dinner was Bush Treasury Secretary Henry Paulson, Geithner’s predecessor.
Meanwhile, in her first trip abroad since taking office, Hillary Clinton will be traveling to Asia, including in China from February 20-22. The State Department explained that she will be discussing “common approaches to the challenges facing the international community,” including “the financial markets turmoil.” So both Geithner and Clinton will be attempting to persuade the Chinese so sign on.
The fate of America lies in the hands of other countries. Where do you think this is going to go.
Obama speaks of a possible catastrophe but he isn’t telling the American people the truth. His only idea is more debt and spending – the same policies that brought us to this crisis. He can only gain a little, by of getting foreign credit to pay for this spending spree, if the Communist Chinese and the rich Arabs agree. I don't know if they will or not. I have an idea that Obama will make it worth their while, and they will see the benefits enough that they will agree for a short time to bail us out. After that- welcome to the New World Order, where a small elite group tells you what you can and can not do- American Constitution be damned.
Next time, a closer look at our media, the fairness doctrine, and more ways in which this "stimulus plan" does nothing but stimulate the federal government, thereby taking more and more of our rights away.
In the last post, we saw different things which can happen soon in our economy. Many things which most folks with even a limited knowledge of money would know through simple common sense know that this so called stimulus bill will have a larger impact down the road than it will immediately.
Back in the first post on this subject I admitted to my limited knowledge of math. I never was able to comprehend much past the 10th grade level. Common sense however, tells me that when the government passes legislation for such grand schemes which will cost upwards of a Trillion dollars and more, that money has to come from somewhere. I know from the national debt, our government doesn't have money to spend on more programs. I know that they have a limited choice on where to get that money. They will either borrow it from other countries, they could print it, or they will eventually get it back through taxes. Even to a math simpleton like myself, knows that either of these choices will be more of a disaster for this country, and as we've seen, the rest of the world as well, since we're all connected through globalized financing and banking interests. For more on this, See http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=88851
So. If it's not going to work, why is our government so intent on shoving these plans down our throats? In a few words, socialism, globalism and then, a one world system.
First of all, we now have a very liberal democratic government, and it's no surprise that many of these people espouse socialist, if not communist ideals which they have waited decades to be able to put into place. For them, the government nanny state is more equipped to "take care of" the population. In their minds, they know better than you and I, and are bound by their agenda to make sure they have as much control as possible. In the communist state, the people are the peons, who receive dole outs when deemed necessary, while under the rule of an elite governing body. In this kind of government, they control what you are allowed to read, listen to, and even think. They own the bank, so to speak, so they control what you are allowed to own, and how much you are paid, and what private monies you have.
This may sound crazy to some, but this is where we are headed. One only has to look at countries such as Russia, China, Cuba, Venezuela and other communist countries. The greater population is no better in some cases than peasants doing the bidding of the ruling elite. While the people have been taught for decades that the rich are the enemy of the lower class, the governments have in effect eliminated the upper class by bringing them down to lower class status. In Socialist rule, it is not the poor who are raised to wealth, but the wealthy who are brought down to poverty. They do this through government interventions, regulations and take over of private business, by creating a "class warfare or envy" situation, and unreasonable red tape and taxation on private enterprise. I'm getting ahead of myself. Right now, we need to understand how this economic crisis will effect all of us.
This is partly why all these latest "bail outs" and so called stimulus plans caught my attention. Not just the fact that this is the biggest waste of money in American history, but the governmental control and growth from this is absolutely huge and necessary to bring us to a socialist and global society with no more American imperialist ideas such as our own Constitution. This is just one more move towards removing this country's sovereignty and moving us towards being under the thumb of world rule from groups such as the United Nations.
The fact that there is financial distress and uncertainty all over the world, is leading to world leaders looking to nationalize Banks and financial institutions. From the 2009 World Economic Forum which was held in Davos, Switzerland, Klaus Schwab, the forum's founder told CNN in an interview that the current global economic slowdown is a "transformational crisis" that should be utilized to shape a "new world."
"Above all else this is a crisis of confidence," Schwab said. "To restore confidence you have to establish signposts that the world after the crisis will be different. We have to create a new world and that is what Davos 2009 will be all about – serving society."
Another speaker at Davos, Nouriel Roubini, New York University professor at the Stern School of Business, told CNBC the global banking system is "effectively insolvent." Stiglitz reasoned economic incentives dictated that private bank managers – if left in place after injecting TARP funds without government control – would "have incentives to pay themselves bonuses, to pay shareholders dividends and to use bailout funds to make acquisitions."
Joseph Stiglitz, a Colombia University professor and 2001 Nobel economics laureate who advised the incoming Obama administration during the transition, echoed Roubini's concerns in a CNBC interview from the Davos conference. "We need to run these banks for our interest," Stiglitz said, arguing the Obama administration should move to nationalize banks.
"The government could not do worse than the banks themselves have done," he observed, insisting TARP bailouts made no sense unless the government ended up controlling the banks.
And this brings us to President Obama’s pick for Treasury Secretary, Timothy Geithner. Just who is this guy? Who is behind Geithner and why? And why does Obama want him?
For one, Geithner has very powerful political and financial connections, not only to the media but the banking interests and lobbies that make U.S. policy behind the scenes. The former President of the New York Federal Reserve Bank, the Chinese-speaking Geithner was an associate of Henry Kissinger who can convince the Chinese Communists to continue to buy U.S. debt and finance Obama’s massive expansion of federal government power.
Henry Kissinger recently said, when he was celebrating U.S.-China relations on the floor of the New York Stock Exchange, Obama’s mission is to usher in a “New World Order.” What he forgot didn't say is that it is a China-dominated New World Order in which the U.S. has become a subsidiary of China Inc. Geithner’s father, Peter F. Geithner, serves on the board with Kissinger of the National Committee on U.S.-China Relations. This is the group that ran the opening bell at the New York Stock Exchange, celebrating Chinese investments in the U.S. economy. It also turns out that Peter F. Geithner was with the Ford Foundation and oversaw the work of Obama’s mother, Ann Dunham, developing what are called microfinance programs in Indonesia.
Kissinger said that Obama had “appointed an extraordinarily able group of people in both the international and financial fields.” He didn’t name names, but that obviously includes Geithner, who used to work for Kissinger Associates.
Remember that Geithner also cheated on his taxes, yet he never was called on it the way some of the other Obama picks were. Why is that?
Because Geithner is a wheeler-dealer for powerful special interests. He is a member of what is called the “Group of Thirty,” an affiliation which appears at the bottom of his biography, right after his Council on Foreign Relations membership. He was also, before he became an "Employee of the Federal Government" an associate of the governor of the Chinese central bank through this secretive "Group of Thirty", an organization of bankers and other top current and former officials from various countries. This organization has been funded by some of the same financial institutions getting federal bailout money. These include American International Group, Goldman Sachs and Citi, among others. Because it has a website and publishes an annual report, all of this seems open and above board. But the fine print reveals that some of the meetings are by “invitation only.”
Not only U.S. financial institutions are getting bailout money, but central banks around the world and Arab financial interests. In addition, private financial interests, including the hedge fund operated by billionaire and Obama contributor George Soros is also benefiting. You might be wondering why we never see anything about this in the news. Most likely because like the groups such as the Council on Foreign Relations, Trilateral Commission and the Builderburg Group have many members who are either the owners and CEO's of news media corporations or anchors and journalists. And they develop financial sources at these meetings that they swear to protect and defend and keep qiet about what they hear and participate in these elitist meetings.
Obama’s claims were that Geithner’s “mistakes” were “innocent” or “common.” However, in addition to the tax evasion, there is also the matter of Geithner having maids and other "domestic employees" while not knowing whether they were legally in the U.S. and not bothering to check when the legal status of one of the housekeepers expired. We have not heard much about this fact either. This is the guy we have in charge of out national Treasury.
Obama praised Geithner’s appearance at a press conference last week, by saying, “He’s going to be terrific. I’m going to make sure that Tim gets his moment in the sun.” Appearing behind a podium that proclaimed, “Financial Stability and Recovery,” Geithner carefully read from a teleprompter and provided a “comprehensive” plan. It was not comprehensive in any way.It was such a bad speech, that the market dropped and commentators and Senators were practically speechless.
It would be a serious mistake to say that Geithner is incompetent. He knows exactly what he’s doing. Basically, he was doing what most of the government does these days. It keeps us in the dark about details because we the people "Can't understand" the details. They are in control, and this is the “New World Order” and we had better get used to it.
Is Geithner’s “plan,” such as it is, designed to fail? He may not have all the answers because he has not been told yet, what to do. Those orders come from China, the global elite and the international bankers. After giving non-answers to Congress, Geithner was getting ready to take off for a G-7 Meeting of Finance Ministers and Central Bank Governors in Rome, Italy. These foreign finance officials may determine the nature and fate of Geithner’s “stability and recovery” plan. These top finance officials include central bank governors, who play a role in what he media described as “economic coordination among the top industrialized nations.”
One key global player is China. “Geithner spoke late on Sunday evening with Chinese Vice Premier Wang Qishan,” Reuters reported. So, Geithner was talking to a Chinese official even before he outlined his “plan” to the American people and the Senate.
In a statement, the Treasury Department said that Wang and Geithner “agreed that strong cooperation on macroeconomic financial and regulatory matters was an essential part of the U.S. relationship with China and that it was important to sustain close dialogue, particularly at this time of global financial turmoil.”
Wang Qishan was honored last year at a dinner sponsored by the United States Committee on United States- China Relations, on whose board Henry Kissinger and Peter Geithner serve. Another speaker at the dinner was Bush Treasury Secretary Henry Paulson, Geithner’s predecessor.
Meanwhile, in her first trip abroad since taking office, Hillary Clinton will be traveling to Asia, including in China from February 20-22. The State Department explained that she will be discussing “common approaches to the challenges facing the international community,” including “the financial markets turmoil.” So both Geithner and Clinton will be attempting to persuade the Chinese so sign on.
The fate of America lies in the hands of other countries. Where do you think this is going to go.
Obama speaks of a possible catastrophe but he isn’t telling the American people the truth. His only idea is more debt and spending – the same policies that brought us to this crisis. He can only gain a little, by of getting foreign credit to pay for this spending spree, if the Communist Chinese and the rich Arabs agree. I don't know if they will or not. I have an idea that Obama will make it worth their while, and they will see the benefits enough that they will agree for a short time to bail us out. After that- welcome to the New World Order, where a small elite group tells you what you can and can not do- American Constitution be damned.
Next time, a closer look at our media, the fairness doctrine, and more ways in which this "stimulus plan" does nothing but stimulate the federal government, thereby taking more and more of our rights away.
Thursday, February 12, 2009
Call Me a Conspiracy Nut - Part Trois
"In the economic-technological field, some international cooperation has already been achieved, but further progress will require greater American sacrifices. More intensive efforts to shape a new world monetary structure will have to be undertaken, with some consequent risk to the present relatively favorable American position." --Zbigniew Brzezinski, CFR member and founding member of the Trilateral Commission, and National Security Advisor to five presidents
"There must be a thoroughgoing reform of the world monetary system ... For its part, I can assure you, the United States will continue to rise to its world responsibilities, joining with other nations to create and participate in a modern world economic order." --President Richard Nixon, CFR member, 1972
In my last post, we looked at how we came into this economic collapse, and the players who made it happen. In this post, I want to get to what is happening and possibly going to happen in the economy. Does it, and other issues have anything to do with the Bible, and how we are headed towards the One World Government, which will usher in the person the Bible calls the Antichrist.
I had a few people point out that there is greed on both sides of the political isle, and I wholly agree. Both parties of our government have had their own agendas that they want to pass off onto the rest of us. Although the latest economic mess has in large part been brought about by liberal democrats, and now their solution is to fix it with socialist measures, there are many on both sides who want to see this develop into a new world wide economic program where there are no more individual countries or country rights. This will be the new multicultural, global system that many people have dreamed about for decades. Am I the only one who finds it ironic that many secular people who have no professed faith in any religious system, or even those who profess to be Christian, who don't believe in the end time prophecies of the Bible, are the ones who are bringing about these prophecies? People like myself who believe the Bible as the Literal Word of God, and who believe the prophecies written in the Bible are literal events which have, are or will happen have been labeled by some liberal christians, other religious people, secular and atheists as fanatics, dangerous and delusional for our beliefs. It's amazing to me that they refuse to read the prophecies to see that these days are practically ripped from the Bible, yet mock those of us who believe in the Words written as they are.
So, how exactly is this all leading to the One World Government? Sure things are happening that no one would have ever believed could happen, but it's just a coincidence right? It's just stuff going on, but it will get fixed and things will return to normal right? WRONG.
Let's look at some scenarios in our economics that could possibly happen within the next couple of years first, and then we'll see how these things could set us up perfectly for a small elite group to take things over for the "betterment" of all mankind.
Paul Mladjenovic, who wrote an article called "America's Coming Financial Vortex” last November 26, 2008, predicts that the current conditions (which we looked at in the last post) will help lay the groundwork for this financial vortex. He predicts an inflationary depression that will be evident by 2010. Because of the latest socialist stimulus package, the feds will have to control the finances by increasing taxes and "create" money, in other words, print more money. He predicts that soon we will be seeing trillions of new dollars flooding the economy in the coming months which will probably cause the stock market and some economic indicators to rise and give the illusion of economic health during early 2009. This will make many people assume that our economic situation is getting better. People will think that government intervention worked. In reality, the government, in an attempt to revive consumption and job creation will increase the money supply by an order of magnitude never seen before in this country. Seeing the inflation rate soar to 20% and beyond during 2010 (or 2011) is a solid bet.
He also sees unemployment in the private sector soar into double-digits by 2010, saying " As the recession morphs into a depression and as the government grows partly as a “solution” to economic difficulties, the increased burdens of government (taxes, controls, spending, etc.) will grow to burdensome levels for both consumers and businesses. Government spending on unemployment benefits and “make work” projects will soar to address the large job losses in the private sector. Right now you should re-assess your job, your company and your industry to see if you are at risk."We are already seeing more state and municipal governments asking for bailouts. Mladjenovic sees much more of this, saying " During 1995-2008, many state and local governments over-extended themselves. Because they thought that good times (and housing booms) would last indefinitely, they took on more spending and more borrowing. Many of these jurisdictions will be forced into either spending cuts, higher taxes or both. Some will be forced into bankruptcy. Because of these events, there will be some areas that will experience social unrest due to difficult financial conditions."
He talks about commodities being in the next leg of their long-term bull market starting in 2009. "Commodities such as oil, grains, precious metals, etc. had a great upleg in early 2008 and then had a brutal correction during the second half. Although much of it is attributed to deflation and “demand destruction”, these conditions are short-lived. Why? Two basic reasons; shortages (supply destruction) and rising inflation. Since government policy makers will make every effort to avert an economic contraction, they will flood the economy with inflation and renewed government spending. The bottom line is that conditions are ripe for commodities to resume their bull market and reach new highs during 2009-2010. As an offshoot of this, you will also see conflicts across the globe tied to natural resources as countries with growing populations need more food, water, etc."
We will see oil hit $200 as Peak oil becomes obvious to all during 2009-2012. Don’t be fooled by the recent drop in oil from $147 in the summer of 2008 to $50 during November 2008. We've already seen the prices go up and down, but OPEC talks about cutting supplies, and with Russia playing a new role in gas and oil, also as governments across the globe seek to address the wants needs of their growing populations, there will be aggressive competition for the world’s limited resources. Natural resources will be seen as strategic as well as economic. America needs to go full-bore toward energy independence since we will have no choice. This energy crisis will be very difficult to get through and will cause tremendous social and economic difficulty.
If he is right, or even if some of these don't come about, I still see much of it as highly possible due to the "quick" fixes the government seems to think will work- all the while ignoring what will happen a few years down the road. While they may seem to be avoiding thinking about what effects their stimulus plan and attempts to grow government, I believe they are fully aware of the consequences and are putting things into place to where people will have no choice as to accept a new "union" either of North American countries or along with the European union. Think about it. It's not much of a stretch. The main population of this country had no control over the mess that we're in now. Most people were busily working, saving, planning ahead etc. All of a sudden, for reasons beyond our control, financial big wigs and politicians allow greed and politics to bring down the housing, banking, state and industrial markets! Now how much say to we the people have about this stimulus package? None. So, when things get worse in the next few years- when inflation hits because the feds had to find a way to make money to pay for this, when they raise taxes on corporations, large, medium and eventually small businesses to afford this, when OPEC nations decide to cut oil production, and any other scenario which is possible, how much will we the people have a say in when Obama or the next president (of either party) decides to join with a North American Union? Nada. We'll be saying Au revoir and Adios to The United States of America and saying Bonjour and Buenos Dios to the North American State, which will be subject to the globalist bureaucrats in groups such as the UN and others.
Next post we'll look into the calls for nationalizing banks and financial institutions, the forming of global markets, global governance, global media and the one world order. It's going to be a wild ride the next few years. Until then- keep your eyes and ears open for more talk about the so called fairness doctrine which is coming soon, and return of the hate (thoughts) crime bill.
"There must be a thoroughgoing reform of the world monetary system ... For its part, I can assure you, the United States will continue to rise to its world responsibilities, joining with other nations to create and participate in a modern world economic order." --President Richard Nixon, CFR member, 1972
In my last post, we looked at how we came into this economic collapse, and the players who made it happen. In this post, I want to get to what is happening and possibly going to happen in the economy. Does it, and other issues have anything to do with the Bible, and how we are headed towards the One World Government, which will usher in the person the Bible calls the Antichrist.
I had a few people point out that there is greed on both sides of the political isle, and I wholly agree. Both parties of our government have had their own agendas that they want to pass off onto the rest of us. Although the latest economic mess has in large part been brought about by liberal democrats, and now their solution is to fix it with socialist measures, there are many on both sides who want to see this develop into a new world wide economic program where there are no more individual countries or country rights. This will be the new multicultural, global system that many people have dreamed about for decades. Am I the only one who finds it ironic that many secular people who have no professed faith in any religious system, or even those who profess to be Christian, who don't believe in the end time prophecies of the Bible, are the ones who are bringing about these prophecies? People like myself who believe the Bible as the Literal Word of God, and who believe the prophecies written in the Bible are literal events which have, are or will happen have been labeled by some liberal christians, other religious people, secular and atheists as fanatics, dangerous and delusional for our beliefs. It's amazing to me that they refuse to read the prophecies to see that these days are practically ripped from the Bible, yet mock those of us who believe in the Words written as they are.
So, how exactly is this all leading to the One World Government? Sure things are happening that no one would have ever believed could happen, but it's just a coincidence right? It's just stuff going on, but it will get fixed and things will return to normal right? WRONG.
Let's look at some scenarios in our economics that could possibly happen within the next couple of years first, and then we'll see how these things could set us up perfectly for a small elite group to take things over for the "betterment" of all mankind.
Paul Mladjenovic, who wrote an article called "America's Coming Financial Vortex” last November 26, 2008, predicts that the current conditions (which we looked at in the last post) will help lay the groundwork for this financial vortex. He predicts an inflationary depression that will be evident by 2010. Because of the latest socialist stimulus package, the feds will have to control the finances by increasing taxes and "create" money, in other words, print more money. He predicts that soon we will be seeing trillions of new dollars flooding the economy in the coming months which will probably cause the stock market and some economic indicators to rise and give the illusion of economic health during early 2009. This will make many people assume that our economic situation is getting better. People will think that government intervention worked. In reality, the government, in an attempt to revive consumption and job creation will increase the money supply by an order of magnitude never seen before in this country. Seeing the inflation rate soar to 20% and beyond during 2010 (or 2011) is a solid bet.
He also sees unemployment in the private sector soar into double-digits by 2010, saying " As the recession morphs into a depression and as the government grows partly as a “solution” to economic difficulties, the increased burdens of government (taxes, controls, spending, etc.) will grow to burdensome levels for both consumers and businesses. Government spending on unemployment benefits and “make work” projects will soar to address the large job losses in the private sector. Right now you should re-assess your job, your company and your industry to see if you are at risk."We are already seeing more state and municipal governments asking for bailouts. Mladjenovic sees much more of this, saying " During 1995-2008, many state and local governments over-extended themselves. Because they thought that good times (and housing booms) would last indefinitely, they took on more spending and more borrowing. Many of these jurisdictions will be forced into either spending cuts, higher taxes or both. Some will be forced into bankruptcy. Because of these events, there will be some areas that will experience social unrest due to difficult financial conditions."
He talks about commodities being in the next leg of their long-term bull market starting in 2009. "Commodities such as oil, grains, precious metals, etc. had a great upleg in early 2008 and then had a brutal correction during the second half. Although much of it is attributed to deflation and “demand destruction”, these conditions are short-lived. Why? Two basic reasons; shortages (supply destruction) and rising inflation. Since government policy makers will make every effort to avert an economic contraction, they will flood the economy with inflation and renewed government spending. The bottom line is that conditions are ripe for commodities to resume their bull market and reach new highs during 2009-2010. As an offshoot of this, you will also see conflicts across the globe tied to natural resources as countries with growing populations need more food, water, etc."
We will see oil hit $200 as Peak oil becomes obvious to all during 2009-2012. Don’t be fooled by the recent drop in oil from $147 in the summer of 2008 to $50 during November 2008. We've already seen the prices go up and down, but OPEC talks about cutting supplies, and with Russia playing a new role in gas and oil, also as governments across the globe seek to address the wants needs of their growing populations, there will be aggressive competition for the world’s limited resources. Natural resources will be seen as strategic as well as economic. America needs to go full-bore toward energy independence since we will have no choice. This energy crisis will be very difficult to get through and will cause tremendous social and economic difficulty.
If he is right, or even if some of these don't come about, I still see much of it as highly possible due to the "quick" fixes the government seems to think will work- all the while ignoring what will happen a few years down the road. While they may seem to be avoiding thinking about what effects their stimulus plan and attempts to grow government, I believe they are fully aware of the consequences and are putting things into place to where people will have no choice as to accept a new "union" either of North American countries or along with the European union. Think about it. It's not much of a stretch. The main population of this country had no control over the mess that we're in now. Most people were busily working, saving, planning ahead etc. All of a sudden, for reasons beyond our control, financial big wigs and politicians allow greed and politics to bring down the housing, banking, state and industrial markets! Now how much say to we the people have about this stimulus package? None. So, when things get worse in the next few years- when inflation hits because the feds had to find a way to make money to pay for this, when they raise taxes on corporations, large, medium and eventually small businesses to afford this, when OPEC nations decide to cut oil production, and any other scenario which is possible, how much will we the people have a say in when Obama or the next president (of either party) decides to join with a North American Union? Nada. We'll be saying Au revoir and Adios to The United States of America and saying Bonjour and Buenos Dios to the North American State, which will be subject to the globalist bureaucrats in groups such as the UN and others.
Next post we'll look into the calls for nationalizing banks and financial institutions, the forming of global markets, global governance, global media and the one world order. It's going to be a wild ride the next few years. Until then- keep your eyes and ears open for more talk about the so called fairness doctrine which is coming soon, and return of the hate (thoughts) crime bill.
Friday, February 6, 2009
Call Me a Conspiracy Nut Part Deux
In the last post, I warned that times are going to get harder, and I also claimed that the economic crush we're in was started on purpose. I still stick by that claim. I was thinking about this long before the economy totally crashed and the government decided to put a band aid on the so called stimulus checks. Imagine my relief however when I found I wasn't the only one who believed in a conspiracy of sorts. I want to focus in this post on the reasons behind the economic disaster that many of us are feeling right now.I started paying attention to the financial news when my husband's work started slowing down. He is a heavy equipment operator (and a darned good one at that!) who's company works in new home construction. It started slowing down way before the housing mortgage crisis hit. I started watching also, the oil and gas prices, as they were starting to sky rocket about the time my husband's work was slowing. Higher gas prices, as you well remember, meant higher grocery store prices. I had to pay attention, to save what little money I could.
One of the stories I saw back last September had to do with the oil countries in the middle east. From (http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=75856) Worldnet Daily's Jerome Corsi, an editorial about these countries meeting to form a new union, much like the European Union, to where there would be one currency. The council was created in 1981 to promote the development of the member countries, and the monetary union will work in the creation of a central bank to issue the single currency. Five states in the compact have agreed to set 2010 as the target date for the creation of a monetary union and the adoption of common currency where the emergence of an Islamic single currency shows huge step in the worldwide movement to do away with national currencies such as that of the European Central Bank and the euro. You can also read more here.(http://www.financialsense.com/fsu/editorials/2008/1126.html)
As more groups are beginning to think about "unionizing" after the same model of the European Union, there will be no reason to believe the United States will not be a part of a North American Union as well. There have already been plans being discussed about this, and a South American Union. You can read more here. http://www.worldviewtimes.com/article.php/articleid-3663
On to the housing mortgage crisis.
Last year, when I still had my blog on AOL, I wrote about the key players in the whole mortgage crisis. I am not going to go into all of it again, as it's already happened and we're all feeling the effects of the whole mess- which in large part was brought on by democratic leaders such as Christopher Dodd, Barney Frank, Barack Obama and the Clintons.
Fannie Mae and Freddie Mac were run by Clinton cronies who received millions of dollars from the organizations. Democrats were in the pockets of these companies all along and refused to do anything about regulations such as the Bush administration and others were calling for. A repeat of the statement of Barney Frank, back in 2003 where he stated, "‘‘These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis”. Keep in mind that Frank of Massachusetts, is the ranking Democrat on the Financial Services Committee. He adds, ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
The story in the New York Times, from 11 September 2003, shows that the President (Bush) was on top of this more than five years ago. Instead of working with Bush to provide better oversight on the mortgage lending companies, it was continually OPPOSED by Congressional Democrats. The Democrats came up with plans that allowed people to buy houses they could not afford and this is why there are so many foreclosures. Add the greed of companies who wanted to make a buck (and were afraid of penalties if they denied loans) and you have our current economic situation.
Keep this in mind when Barack Obama (the second biggest recipient of Lehman Brothers and Fannie/Freddie money) keeps telling us that it is failed Republican policies that led to this, and that it is the few Republicans remaining in Congress and the Senate who are working hard against this second round of so called stimulus bills.
Nancy Pelosi is a liar. She and her Democrats bear most of the responsibility for this. Barack Obama is a liar. Barney Frank is a liar. Frank, who's gay lover was an executive with Fannie May, received more than $40,000 in campaign contributions since 1989. They are all saying the same things over and over. They blame it all on the previous administration. They blame it all on Wall Street. On greed.Barack Obama had been in the Senate for just under four years and he has received $395,600 ($98,900/year) from Fannie and Freddie money. Chris Dodd raked in $133,900. Keep in mind too that Dodd is the chairman of the Senate banking committee! Who're the greedy ones? Can anyone say conflict of interest?!
Then there was Countrywide. Countrywide Financial Corp. makes mortgage loans through a huge network of offices, brokers and call centers. A select few privileged customers have gotten their loans a special way: through Countrywide Chief Executive Angelo Mozilo. These borrowers, known among big shots at Countrywide as "friends of Angelo", include two former CEOs of Fannie Mae, the biggest buyer of Countrywide's mortgages. One was James Johnson, a longtime Democratic Party power and an adviser to Sen. Barack Obama's campaign. Another was Franklin Raines, a onetime Clinton administration budget director, who left Fannie Mae amid an accounting scandal in 2004. After flack from some of the public, Johnson stepped down from his appointment of one of those who helped to vet Obama's VP choices. Oh, and Chris Dodd? Dodd had received FOUR mortgage deals from Countrywide, instead of just the two initially reported by Conde Nast (saving him a total of $70,000)! Remember, Dodd waas also on the Obamassiah's list for possible VP. If you can stomach it, you can see and read more here.
http://www.rushlimbaugh.com/home/daily/site_092908/content/01125107.guest.html
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print
http://www.freerepublic.com/focus/f-news/2087085/posts
Now let's look at the appointees of Obama. Remember the famous Pelosi promise? To get rid of the so called culture of corruption on the side of the republicans? Let's look at the "non corruptible" appointees Obama has picked for high positions in his administration shall we?
We know that Bill Richardson had to step down from his appointment by Obama for questionable business practices. We also know that Tom Daschle, Obama's pick for Secretary of Health and Human Services had to step down for income taxes he never paid. What happened before though, with Obama's pick for Treasury Secretary, Timothy F. Geithner also had some past income tax issues, (failed to pay income taxes for five years) but he was approved by the senate committee anyway. Gaither, before he became our Nation's Treasury head, was charged with overseeing and regulating as head of the New York region of the Federal Reserve Bank, then became the ninth president and chief executive officer of the Federal Reserve Bank. The Federal Reserve Bank of New York presides over Wall Street-based financial institutions. In the current financial crisis, the Federal Reserve has played a major role in responding to the bank and investment firm collapses. According to Worldnet Daily and other sources, Gaither was in charge during the following economic failures:
March 2008: Investment bank Bear Stearns collapses from losses in subprime mortgage obligations and derivatives transactions; J.P. Morgan Chase buys Bear Stearns in a deal arranged by the Federal Reserve for the dramatically reduced value of $2 a share, with the Federal Reserve guaranteeing J.P. Morgan against $30 billion in Bear Stearns asset losses.
September 2008: Wall Street investment bank Lehman Brothers closes doors in bankruptcy after the U.S. Treasury and Federal Reserve refuse to arrange a merger plan, a bailout or a guarantee program to save the Wall Street giant.
September 2008: The Bank of America buys Wall Street investment bank Merrill Lynch in a $50 billion deal that saves Merrill Lynch from having to declare bankruptcy.
September 2008: The Federal Reserve extends to insurance giant American International Group, or AIG, an $85 billion loan that saves it from going bankrupt from derivatives loses in a massive $441 billion exposure to credit default swaps.
November 2008: Citibank received $45 billion through the Troubled Asset Relief Program, or TARP, plus Treasury Department, Federal Reserve and FDIC guarantees on $306 billion in troubled assets held by the bank.
January 2009: Morgan Stanley takes over Citibank's Smith Barney investment unit as Citibank unravels the "financial supermarket" conglomerate accumulated when Sandy Weill combined Travelers Insurance, investment bank Smith Barney and Citibank to form Citigroup in the 1990s.
After all this, Obama and CO. were smooth enough to show Gaither as a money genius and enough people who were in the position to deny his appointment, for some reason voted for his appointment anyway. I'm sure many people are wondering how this could be? Well, for starters, the man has his connections. He worked for Kissinger and Associates for three years in Washington, D.C. http://en.wikipedia.org/wiki/Kissinger_AssociatesFrom 1998-2001, he served as under secretary of the treasury for international affairs under Clinton administration treasury secretaries Robert Rubin and Lawrence Summers.He has previous ties to Obama, when at the Ford Foundation in the early 1980s, Geithner oversaw small finance programs in Indonesia, where he reportedly met in person with Obama's mother. Ann Dunham spent part of her career working in Indonesian small finance after she received her Ph.D. in anthropology. He is a member of Council of Foreign Relations (more on this in my next post) a world wide elite group consisting of Banking and Investment CEO's, Politicians, News media and journalists and other elites such as Purpose Driven ear tickler- Rick Warren.
Then there was the darling of the first stimuli plan- Henry Paulson, who works so well with both Republicans and Democrats. He worked with Goldman Sachs for more than two decades before rising to his present government position. When he came to work for the government, he readily and willingly took a huge pay cut.
He earned some $800 million during his years with Goldman Sachs. With this kind of income, was it just his willingness to "give back" to the people, to work as a pencil pushing fed bureaucrat? Or, could he still be working through the government to help out his former elitist buddies at the expense of U.S. taxpayers?
By the end of last month, Paulson and Fed Chairman Ben Bernanke steered loans and guarantees of more than $7.4 trillion to the financial elite that was responsible for creating the economic crisis. $200 billion in loans to financial institutions, $29 billion in loans to J.P. Morgan Chase, $300 billion housing bill, $200 billion for the U.S. Treasury to assume Fannie Mae and Freddie Mac's debt, $85 billion to AIG and $70 billion injected into the financial system, $50 billion pledged to support Money Market funds, $150 billion made available to U.S. banks and $330 billion made available to foreign banks, $1.3 trillion in purchase debt from companies, $1.4 trillion in FDIC guarantees of interbank loans, $20 billion loaned to Citigroup with the Treasury Department assuming responsibility for 90 percent of Citigroup's $306 billion in debt, and over $500 billion in loans for mortgage-backed assets and $200 billion in loans for consumer-backed assets. This is just some of it, and now with this new pork and spend/payback bill the house and senate and Obama are pushing for, how long do you think this country can survive financially? Where is the money going to come from? If they print it- we'll have inflation like you've never seen. If they borrow it from say, China or other countries we already owe, what happens when these countries call for it back? If they put a massive tax burden on corporations and other large businesses, it will kill the economy by massive lay offs and closures. I don't know about you- but I'll never be able to give enough in taxes to pay for it, and neither will my children or grand kids.
One more, and that's it for this post. I'm sorry this one again is too long already!
Barack Obama's White House chief of staff, Rahm Emanuel, (yet another ex Clintonite- so much for the promise of Change Obama promised his disciples) told business leaders assembled by the Wall Street Journal in November that the economic crisis facing the country is "an opportunity to do things you could not do before." He later added, "You never want a serious crisis to go to waste." Is that not an interesting statement!?
What kind of opportunity may Emmanuel and others be thinking about? We'll look at that in the next post. For now, if you haven't already commented on my first part, please leave hints on how you are saving money and making ends meet. We can all help each other through this.
One of the stories I saw back last September had to do with the oil countries in the middle east. From (http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=75856) Worldnet Daily's Jerome Corsi, an editorial about these countries meeting to form a new union, much like the European Union, to where there would be one currency. The council was created in 1981 to promote the development of the member countries, and the monetary union will work in the creation of a central bank to issue the single currency. Five states in the compact have agreed to set 2010 as the target date for the creation of a monetary union and the adoption of common currency where the emergence of an Islamic single currency shows huge step in the worldwide movement to do away with national currencies such as that of the European Central Bank and the euro. You can also read more here.(http://www.financialsense.com/fsu/editorials/2008/1126.html)
As more groups are beginning to think about "unionizing" after the same model of the European Union, there will be no reason to believe the United States will not be a part of a North American Union as well. There have already been plans being discussed about this, and a South American Union. You can read more here. http://www.worldviewtimes.com/article.php/articleid-3663
On to the housing mortgage crisis.
Last year, when I still had my blog on AOL, I wrote about the key players in the whole mortgage crisis. I am not going to go into all of it again, as it's already happened and we're all feeling the effects of the whole mess- which in large part was brought on by democratic leaders such as Christopher Dodd, Barney Frank, Barack Obama and the Clintons.
Fannie Mae and Freddie Mac were run by Clinton cronies who received millions of dollars from the organizations. Democrats were in the pockets of these companies all along and refused to do anything about regulations such as the Bush administration and others were calling for. A repeat of the statement of Barney Frank, back in 2003 where he stated, "‘‘These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis”. Keep in mind that Frank of Massachusetts, is the ranking Democrat on the Financial Services Committee. He adds, ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
The story in the New York Times, from 11 September 2003, shows that the President (Bush) was on top of this more than five years ago. Instead of working with Bush to provide better oversight on the mortgage lending companies, it was continually OPPOSED by Congressional Democrats. The Democrats came up with plans that allowed people to buy houses they could not afford and this is why there are so many foreclosures. Add the greed of companies who wanted to make a buck (and were afraid of penalties if they denied loans) and you have our current economic situation.
Keep this in mind when Barack Obama (the second biggest recipient of Lehman Brothers and Fannie/Freddie money) keeps telling us that it is failed Republican policies that led to this, and that it is the few Republicans remaining in Congress and the Senate who are working hard against this second round of so called stimulus bills.
Nancy Pelosi is a liar. She and her Democrats bear most of the responsibility for this. Barack Obama is a liar. Barney Frank is a liar. Frank, who's gay lover was an executive with Fannie May, received more than $40,000 in campaign contributions since 1989. They are all saying the same things over and over. They blame it all on the previous administration. They blame it all on Wall Street. On greed.Barack Obama had been in the Senate for just under four years and he has received $395,600 ($98,900/year) from Fannie and Freddie money. Chris Dodd raked in $133,900. Keep in mind too that Dodd is the chairman of the Senate banking committee! Who're the greedy ones? Can anyone say conflict of interest?!
Then there was Countrywide. Countrywide Financial Corp. makes mortgage loans through a huge network of offices, brokers and call centers. A select few privileged customers have gotten their loans a special way: through Countrywide Chief Executive Angelo Mozilo. These borrowers, known among big shots at Countrywide as "friends of Angelo", include two former CEOs of Fannie Mae, the biggest buyer of Countrywide's mortgages. One was James Johnson, a longtime Democratic Party power and an adviser to Sen. Barack Obama's campaign. Another was Franklin Raines, a onetime Clinton administration budget director, who left Fannie Mae amid an accounting scandal in 2004. After flack from some of the public, Johnson stepped down from his appointment of one of those who helped to vet Obama's VP choices. Oh, and Chris Dodd? Dodd had received FOUR mortgage deals from Countrywide, instead of just the two initially reported by Conde Nast (saving him a total of $70,000)! Remember, Dodd waas also on the Obamassiah's list for possible VP. If you can stomach it, you can see and read more here.
http://www.rushlimbaugh.com/home/daily/site_092908/content/01125107.guest.html
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print
http://www.freerepublic.com/focus/f-news/2087085/posts
Now let's look at the appointees of Obama. Remember the famous Pelosi promise? To get rid of the so called culture of corruption on the side of the republicans? Let's look at the "non corruptible" appointees Obama has picked for high positions in his administration shall we?
We know that Bill Richardson had to step down from his appointment by Obama for questionable business practices. We also know that Tom Daschle, Obama's pick for Secretary of Health and Human Services had to step down for income taxes he never paid. What happened before though, with Obama's pick for Treasury Secretary, Timothy F. Geithner also had some past income tax issues, (failed to pay income taxes for five years) but he was approved by the senate committee anyway. Gaither, before he became our Nation's Treasury head, was charged with overseeing and regulating as head of the New York region of the Federal Reserve Bank, then became the ninth president and chief executive officer of the Federal Reserve Bank. The Federal Reserve Bank of New York presides over Wall Street-based financial institutions. In the current financial crisis, the Federal Reserve has played a major role in responding to the bank and investment firm collapses. According to Worldnet Daily and other sources, Gaither was in charge during the following economic failures:
March 2008: Investment bank Bear Stearns collapses from losses in subprime mortgage obligations and derivatives transactions; J.P. Morgan Chase buys Bear Stearns in a deal arranged by the Federal Reserve for the dramatically reduced value of $2 a share, with the Federal Reserve guaranteeing J.P. Morgan against $30 billion in Bear Stearns asset losses.
September 2008: Wall Street investment bank Lehman Brothers closes doors in bankruptcy after the U.S. Treasury and Federal Reserve refuse to arrange a merger plan, a bailout or a guarantee program to save the Wall Street giant.
September 2008: The Bank of America buys Wall Street investment bank Merrill Lynch in a $50 billion deal that saves Merrill Lynch from having to declare bankruptcy.
September 2008: The Federal Reserve extends to insurance giant American International Group, or AIG, an $85 billion loan that saves it from going bankrupt from derivatives loses in a massive $441 billion exposure to credit default swaps.
November 2008: Citibank received $45 billion through the Troubled Asset Relief Program, or TARP, plus Treasury Department, Federal Reserve and FDIC guarantees on $306 billion in troubled assets held by the bank.
January 2009: Morgan Stanley takes over Citibank's Smith Barney investment unit as Citibank unravels the "financial supermarket" conglomerate accumulated when Sandy Weill combined Travelers Insurance, investment bank Smith Barney and Citibank to form Citigroup in the 1990s.
After all this, Obama and CO. were smooth enough to show Gaither as a money genius and enough people who were in the position to deny his appointment, for some reason voted for his appointment anyway. I'm sure many people are wondering how this could be? Well, for starters, the man has his connections. He worked for Kissinger and Associates for three years in Washington, D.C. http://en.wikipedia.org/wiki/Kissinger_AssociatesFrom 1998-2001, he served as under secretary of the treasury for international affairs under Clinton administration treasury secretaries Robert Rubin and Lawrence Summers.He has previous ties to Obama, when at the Ford Foundation in the early 1980s, Geithner oversaw small finance programs in Indonesia, where he reportedly met in person with Obama's mother. Ann Dunham spent part of her career working in Indonesian small finance after she received her Ph.D. in anthropology. He is a member of Council of Foreign Relations (more on this in my next post) a world wide elite group consisting of Banking and Investment CEO's, Politicians, News media and journalists and other elites such as Purpose Driven ear tickler- Rick Warren.
Then there was the darling of the first stimuli plan- Henry Paulson, who works so well with both Republicans and Democrats. He worked with Goldman Sachs for more than two decades before rising to his present government position. When he came to work for the government, he readily and willingly took a huge pay cut.
He earned some $800 million during his years with Goldman Sachs. With this kind of income, was it just his willingness to "give back" to the people, to work as a pencil pushing fed bureaucrat? Or, could he still be working through the government to help out his former elitist buddies at the expense of U.S. taxpayers?
By the end of last month, Paulson and Fed Chairman Ben Bernanke steered loans and guarantees of more than $7.4 trillion to the financial elite that was responsible for creating the economic crisis. $200 billion in loans to financial institutions, $29 billion in loans to J.P. Morgan Chase, $300 billion housing bill, $200 billion for the U.S. Treasury to assume Fannie Mae and Freddie Mac's debt, $85 billion to AIG and $70 billion injected into the financial system, $50 billion pledged to support Money Market funds, $150 billion made available to U.S. banks and $330 billion made available to foreign banks, $1.3 trillion in purchase debt from companies, $1.4 trillion in FDIC guarantees of interbank loans, $20 billion loaned to Citigroup with the Treasury Department assuming responsibility for 90 percent of Citigroup's $306 billion in debt, and over $500 billion in loans for mortgage-backed assets and $200 billion in loans for consumer-backed assets. This is just some of it, and now with this new pork and spend/payback bill the house and senate and Obama are pushing for, how long do you think this country can survive financially? Where is the money going to come from? If they print it- we'll have inflation like you've never seen. If they borrow it from say, China or other countries we already owe, what happens when these countries call for it back? If they put a massive tax burden on corporations and other large businesses, it will kill the economy by massive lay offs and closures. I don't know about you- but I'll never be able to give enough in taxes to pay for it, and neither will my children or grand kids.
One more, and that's it for this post. I'm sorry this one again is too long already!
Barack Obama's White House chief of staff, Rahm Emanuel, (yet another ex Clintonite- so much for the promise of Change Obama promised his disciples) told business leaders assembled by the Wall Street Journal in November that the economic crisis facing the country is "an opportunity to do things you could not do before." He later added, "You never want a serious crisis to go to waste." Is that not an interesting statement!?
What kind of opportunity may Emmanuel and others be thinking about? We'll look at that in the next post. For now, if you haven't already commented on my first part, please leave hints on how you are saving money and making ends meet. We can all help each other through this.
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