Although I rarely watch television, due to my present circumstances I was unfortunately exposed to the recent 60 Minutes interview with Barack Obama on national television last evening...
As a boomer, I keep wondering why a President of this country now has the time to conduct such interviews.
Although 60 Minutes has been around for a long time, I don't remember former presidents using the network as a forum in order to promote their agendas, or defend their political positions other than seizing the airwaves for one of those addresses that seem to also be getting more and more frequent.
During this interview, Mr. Obama had the audacity to claim that the problems in the banking industry that have been facilitated by BOTH political parties' unholy alliances with Wall Street, which now has a global focus rather than a national one, prior to the "financial reform" undertaken by Congress was not in any way "illegal," and postured, in a roundabout way, that if it were not for all the steps this Administration has undertaken in order to get financial reform addressed by Congress, these loan shark rates and terms would still be continuing...
Say what?
As one who was progressively stripped of her home and any and all property rights she had over her titled property, I found this excuse to be absolutely untrue and also one of the most arrogant statements made by a president ever.
Banks in the West, especially, were marketing loans which were not even based on the U.S. prime or currency, but on British LIBOR rates, a currency which is one and a half times that of America's piss poor dollar at this point.
Those loans are still being marketed throughout the country, and also to our kids for those outrageous student loans, last time I checked. In fact, this Administration has continued to promote refinancing and also re-education in order to get more and more Americans into those bogus loans, it appears...
And to state that the banks in this country, without such legislation and steps taken by this Administration, were not operating in a fraudulent and illegal manner is just too incredible to believe.
After all, we were created as a sovereign nation, and marketing financial products throughout the country which were not even based on our currency is and was not only illegal, but actually treasonous - and do not see anywhere in our Constitution that provides that our federal government was and is to coin and print money, and "value" it, with a created U.S. Treasury that was charged to so do, how this could be.
Unless it is a "global" free market that is the focus of this Administration, and this Congress, rather than a domestic one, regulating foreign ownership of America's key industries, and also its economy to protect America and Americans is supposed to be our federal government's focus. Not facilitating and encouraging a massive global takeover of our banking industries, and Americans homes and land, which appears to be the case more and more.
These "addresses" conducted on mainstream television are getting better and better with each one progressively...
And Mr. Obama has held himself out to be a Constitutional lawyer?
Just what IS going on at Harvard, I ask? And who is in charge of its law curriculum?
Are foreigners buying out our colleges and schools of higher learning even, at this point?
Showing posts with label banking. Show all posts
Showing posts with label banking. Show all posts
Monday, December 12, 2011
Thursday, November 24, 2011
George Washington's Wisdom

While reading of the ongoing demonstrations throughout the country by the Occupy Wall Street protestors, it occurred to me that Wall Street, and those bankers are not the sole criminals but co-conspirators (although even the word conspiracy is being ill defined in this country) of the majority of politicians in Washington.
The continued desecration of this country and its founding principles has been, of course, a joint venture between the bankers and those in both mainstream political parties leadership, with the corporately "organized" Tea Party appearing once again without a clue as to just when and where this country began this freefall, or just how to shift gears at this point from the progressive globalism agendas.
It is Washington in bed with the European bankers and our continued alliances with them that has continued to bite this country in the butt, so to speak, and ballooned our national debt and compromised this country's sovereignty and national security in the process.
Let's hope that the masses who are now gaining strength begin to see the forest for the trees, and not their individual grievances, but the "globalism" versus "sovereign America" economic and foreign policies that have got us here.
Labels:
American,
American economy,
banking,
George Washington,
government,
politics,
protests
Monday, August 8, 2011
Standard and Poors Rating Makes Americans Even Poorer
With the announcement of the downgrade in the U.S. credit rating by Standard & Poors, the globally focused arbiter of credit rankings of most of the developed and even undeveloped nations of the world, of course Wall Street today took a huge dive, causing many an American, I would imagine, to head for the medicine cabinet and their Pepto Bismol.
In fact, in one of the local papers today there was an editorial cartoon which illustrated two baby boomers standing next to each other with one reading the headlines and commenting to the other, "There goes our retirement savings. At this rate, we'll have to have multiple jobs until we're 90!...with the next panel paning back showing the very same individuals standing in the unemployment line with the other one responding, "I admire your optimism..."
This latest news is once again being used by both political parties to continue to spin those plates in the air, even now many placing the "blame" on the Tea Party while using this latest crisis, of course, for their own election ends - including those claimed "Tea Party" candidates. We've got a third party, alright, but simply another to bring into this three ring circus.
Standard & Poors, whose roots harken back to the 1800's, is now headed by a gentleman who was born in Jakarta, India.
So I guess this downgrading could have been predicted by those in Washington.
I mean, India does have a great deal of our IT jobs, and was also formerly a British holding, which has had off and on conflicts with Pakistan, the country which bin Laden sought refuge and was killed by those Navy Seals, and the country in which Ms. Bhuto was killed a few years back after her extended exile, and who was also educated in Britain...Hmmm...
Not that I believe there is any truly political motive or bias and media spinning going on here...but...
I wonder, since our deficit is merely a paper debt to the Europeans funding our Federal Reserve, without any offsets, just who has been doing the bookkeeping for Washington all these many years?
I'm sure many of those foreign bankers are now scamming some of those rock bottom stocks also right about now, further being given an opportunity to facilitate a "corporate" takeover.
Another boomer and friend recently wrote me who also has a history similar to my own, and is now on the unemployment line.
Worked for over 20 years in the legal profession, about ten more in the travel industry, early in their career in banking and insurance, with also some work in the health care field thrown in for good measure and further diversifying their career portfolio.
All of those employers, of course, paid unemployment on their workforces behalf all those years he was working.
Got his first unemployment check today after working at an hourly position for less than six months before he was eventually laid off from there after a "ramp up."
He is now living high off the hog on $90 per week, less taxes.
While listening to the news hearing that his mortgage interest rates just might increase, and his retirement funds, or what he has left after using it during his unemployment which is basically gone, is now worth even less.
And is pretty much resigned to the fact that all those 1960, 1970, 1980, 1990 and 2000 dollars withheld from his paycheck for Social Security and Medicare and Medicaid most likely he will never, ever see.
Not with the dollar and America being downsized and downgraded.
And just think, with that great American invention, the computer and international online banking, those foreign moneylenders and bankers don't even have to pay for that expensive paper or ink anymore in actually printing our currency.
In fact, in one of the local papers today there was an editorial cartoon which illustrated two baby boomers standing next to each other with one reading the headlines and commenting to the other, "There goes our retirement savings. At this rate, we'll have to have multiple jobs until we're 90!...with the next panel paning back showing the very same individuals standing in the unemployment line with the other one responding, "I admire your optimism..."
This latest news is once again being used by both political parties to continue to spin those plates in the air, even now many placing the "blame" on the Tea Party while using this latest crisis, of course, for their own election ends - including those claimed "Tea Party" candidates. We've got a third party, alright, but simply another to bring into this three ring circus.
Standard & Poors, whose roots harken back to the 1800's, is now headed by a gentleman who was born in Jakarta, India.
So I guess this downgrading could have been predicted by those in Washington.
I mean, India does have a great deal of our IT jobs, and was also formerly a British holding, which has had off and on conflicts with Pakistan, the country which bin Laden sought refuge and was killed by those Navy Seals, and the country in which Ms. Bhuto was killed a few years back after her extended exile, and who was also educated in Britain...Hmmm...
Not that I believe there is any truly political motive or bias and media spinning going on here...but...
I wonder, since our deficit is merely a paper debt to the Europeans funding our Federal Reserve, without any offsets, just who has been doing the bookkeeping for Washington all these many years?
I'm sure many of those foreign bankers are now scamming some of those rock bottom stocks also right about now, further being given an opportunity to facilitate a "corporate" takeover.
Another boomer and friend recently wrote me who also has a history similar to my own, and is now on the unemployment line.
Worked for over 20 years in the legal profession, about ten more in the travel industry, early in their career in banking and insurance, with also some work in the health care field thrown in for good measure and further diversifying their career portfolio.
All of those employers, of course, paid unemployment on their workforces behalf all those years he was working.
Got his first unemployment check today after working at an hourly position for less than six months before he was eventually laid off from there after a "ramp up."
He is now living high off the hog on $90 per week, less taxes.
While listening to the news hearing that his mortgage interest rates just might increase, and his retirement funds, or what he has left after using it during his unemployment which is basically gone, is now worth even less.
And is pretty much resigned to the fact that all those 1960, 1970, 1980, 1990 and 2000 dollars withheld from his paycheck for Social Security and Medicare and Medicaid most likely he will never, ever see.
Not with the dollar and America being downsized and downgraded.
And just think, with that great American invention, the computer and international online banking, those foreign moneylenders and bankers don't even have to pay for that expensive paper or ink anymore in actually printing our currency.
Sunday, January 23, 2011
Mr. Obama: Competition Will Not Cure What Ails America
The press releases and publicity surrounding Mr. Obama's upcoming State of the Union address on Tuesday have highlighted the thrust of his message to the American people and his response to the defeats the Democrats suffered in the midterm elections.
It is "competition" which will create new jobs, and salvage the piss poor U.S. economy, an economy which has been on a downward spiral for literally decades under both political parties. Gas prices are now inching over $3.00 a gallon once again (in spite of the ever expanding "War on Terror" which continues under the Democrats, costing this country literally billions), and many Americans are now homeless and jobless due to both the mortgage crisis, and outsourcing and insourcing which has gone on and continues in the name of competing in the "global economy."
I have news for Mr. Obama. Competition is not the answer.
In fact, that is what has gotten us into this mess, competing for global dominance, rather than protecting the sovereignty and economy of the good old U.S. of A.
Competing in the global market place has cost this country both its industrial base, and even its own land and resources in the name of "free trade" and simply expanded the stock portfolios and holdings of the few at the cost of the many.
Not exactly what our founders had in mind for this country.
Reinstituting protectionist policies will reverse this trend, and bring America back to the forefront once again. Investing U.S. dollars in our domestically owned businesses and start ups, rather than global corporate conglomerates will bring new jobs to these shores, rather than those of China or India.
China and India can provide their own jobs for their own citizens in developing new industries, rather than piggybacking on the jobs and livelihoods of Americans. And with respect to India, Britain can shoulder their share of building that country's economic future as a former member of the British realm.
Our deficit can be cured rather simply by calling in all our foreign aid debts to all those countries we have supported and funded for over a hundred years, and ending a war that never should have gotten this far to begin with and beginning to secure our own borders from the devastating impact and effects of those open borders on both the property, lives and jobs also of Americans.
Regulating the U.S. banks sufficiently, the ones who create the mortgage meltdown and crisis to begin with in selling loans to U.S. homeowners and home buyers which were not even based on the U.S. currency but the London interbank exchange rates would be a start.
Placing sufficient controls on the Wall Street wheeler dealers who also had a hand in this recession/depression yet whose CEOs salaries have continued to climb also might make a significant impact on placing such salaries and benefits in the hands of those who should have such authority - the shareholders and owners of those global corporate conglomerates, including the small, domestic investors.
And hiring economists whose primary focus are on building up the U.S. economy, and not that of the world's would definitely help.
In short, reestablishing the true Rule of Law in this country once again, our Constitution which was written by Americans for Americans.
Rather than continue on this path that will only lead to the destruction of this country at the hands of foreigners, and foreign governments.
It is "competition" which will create new jobs, and salvage the piss poor U.S. economy, an economy which has been on a downward spiral for literally decades under both political parties. Gas prices are now inching over $3.00 a gallon once again (in spite of the ever expanding "War on Terror" which continues under the Democrats, costing this country literally billions), and many Americans are now homeless and jobless due to both the mortgage crisis, and outsourcing and insourcing which has gone on and continues in the name of competing in the "global economy."
I have news for Mr. Obama. Competition is not the answer.
In fact, that is what has gotten us into this mess, competing for global dominance, rather than protecting the sovereignty and economy of the good old U.S. of A.
Competing in the global market place has cost this country both its industrial base, and even its own land and resources in the name of "free trade" and simply expanded the stock portfolios and holdings of the few at the cost of the many.
Not exactly what our founders had in mind for this country.
Reinstituting protectionist policies will reverse this trend, and bring America back to the forefront once again. Investing U.S. dollars in our domestically owned businesses and start ups, rather than global corporate conglomerates will bring new jobs to these shores, rather than those of China or India.
China and India can provide their own jobs for their own citizens in developing new industries, rather than piggybacking on the jobs and livelihoods of Americans. And with respect to India, Britain can shoulder their share of building that country's economic future as a former member of the British realm.
Our deficit can be cured rather simply by calling in all our foreign aid debts to all those countries we have supported and funded for over a hundred years, and ending a war that never should have gotten this far to begin with and beginning to secure our own borders from the devastating impact and effects of those open borders on both the property, lives and jobs also of Americans.
Regulating the U.S. banks sufficiently, the ones who create the mortgage meltdown and crisis to begin with in selling loans to U.S. homeowners and home buyers which were not even based on the U.S. currency but the London interbank exchange rates would be a start.
Placing sufficient controls on the Wall Street wheeler dealers who also had a hand in this recession/depression yet whose CEOs salaries have continued to climb also might make a significant impact on placing such salaries and benefits in the hands of those who should have such authority - the shareholders and owners of those global corporate conglomerates, including the small, domestic investors.
And hiring economists whose primary focus are on building up the U.S. economy, and not that of the world's would definitely help.
In short, reestablishing the true Rule of Law in this country once again, our Constitution which was written by Americans for Americans.
Rather than continue on this path that will only lead to the destruction of this country at the hands of foreigners, and foreign governments.
Labels:
American economy,
banking,
banks,
Barack Obama,
federal government,
globalism,
inflation
Saturday, December 11, 2010
Madoff Suicide Highlights U.S. Criminal Justice System Gone Awry
The recent headlined news story of the apparent suicide of Mark Madoff, the son of Wall Street wheeler dealer Bernie Madoff who is now serving a 150 year prison term in North Carolina for securities fraud, serves to remind many Americans of a U.S. criminal justice system gone astray.
A tragedy, and one in which the media and government most likely had a hand in this young man's fall, although the complete details and coroner's report has yet to be revealed.
Mr. Madoff senior bilked thousands of investors in his Ponzie scheme of a great deal of their wealth, from all reports, and was the mastermind of the scam and whose actions and activities were actually reported to authorities by his very own sons, although little has been revealed insofar as whether there was pressure also exerted on them to so do from governmental sources prior to his arrest.
Mark Madoff, from all reports, profited from his father's schemes, and was thus also then in the end targeted for investigation even after having been instrumental in his father's conviction.
The comments on most of the websites by the public have not been sympathetic, to say the least.
Which just goes to prove just how many in this country have truly lost their way in their understanding of the intent of our founders with respect to crimes such as these, which although heinous for the absolute thievery which occurred has not been adjudicated according to the "common law" provisions behind our criminal justice system in "letting the punishment fit the crimes," and in the government acting on behalf of the victims and not its self-serving ends since the punishments in so many crimes at both the criminal and civil levels are now statutory determined, rather than determined by juries of American citizen's peers.
The Madoff's, and all who profited from such schemes in this writer's view should have been henceforth precluded from ever serving in any fiduciary capacity with respect to other people's money from this day forward, and the spoils of their crimes seized and redistributed with interest to the victims of their greed and avarice.
Not the taxpayers having to now pay to jail and house Mr. Madoff in federal prison, and his son then "investigated" for the past several years, rather than concentrating on the crime itself and its victims and all parties' right to justice in a criminal fraud action, although by its very nature investing in Wall Street or the stock market clearly are risky ventures at best due to its "global" focus and composition again contrary to the intent of those founders for a "sovereign" U.S. economy.
Justice would mean recompense and precluding the perpetrators from ever being placed in such a position of trust and temptation ever again - since by their own actions proved through the "evidence" that their positions of trust were criminally abused.
Having to seek work in this now depressed U.S. economy in other fields of endeavor outside the financial sector, and losing all that they have gained at the expense of others with punitive damages added due to the nature of their crimes would have been the "legal" and "lawful" punishment called for.
Not years and years of "investigation," and subsequent media hounding - or innuendo without due process.
It was reported that Mark Madoff was found dead with his two year old child and his dog in the home where his body was discovered, with his true guilt or innocense still left undetermined although purportedly was still living a rather lavish lifestyle as a former employee of one of his father's commercial ventures, with authorities alerted by his wife who lived in another state and who had petitioned the court for a change of name for she and their son due to the continued ramifications of the crimes committed by Mark Madoff's father.
The press has been unforgiving. And the American public, most of whom were not even directly impacted by the senior Madoff's activities, just as unforgiving and brutal, although fundamentally all Americans have been impacted by the loosey goosey federal government's oversight of the Wall Street banks, bankers and profiteers.
Which governmental policies and practices in sufficient oversight of these Wall Street profiteers have remained for the most part unchanged fundamentally even since Bernie Madoff's arrest, and conviction.
Wake up, Washington. A two year old has just lost his father, and there is another Bernie Madoff trading his grandchild's future for a yacht.
Or just maybe, eventually, THIS grandchild might.
A tragedy, and one in which the media and government most likely had a hand in this young man's fall, although the complete details and coroner's report has yet to be revealed.
Mr. Madoff senior bilked thousands of investors in his Ponzie scheme of a great deal of their wealth, from all reports, and was the mastermind of the scam and whose actions and activities were actually reported to authorities by his very own sons, although little has been revealed insofar as whether there was pressure also exerted on them to so do from governmental sources prior to his arrest.
Mark Madoff, from all reports, profited from his father's schemes, and was thus also then in the end targeted for investigation even after having been instrumental in his father's conviction.
The comments on most of the websites by the public have not been sympathetic, to say the least.
Which just goes to prove just how many in this country have truly lost their way in their understanding of the intent of our founders with respect to crimes such as these, which although heinous for the absolute thievery which occurred has not been adjudicated according to the "common law" provisions behind our criminal justice system in "letting the punishment fit the crimes," and in the government acting on behalf of the victims and not its self-serving ends since the punishments in so many crimes at both the criminal and civil levels are now statutory determined, rather than determined by juries of American citizen's peers.
The Madoff's, and all who profited from such schemes in this writer's view should have been henceforth precluded from ever serving in any fiduciary capacity with respect to other people's money from this day forward, and the spoils of their crimes seized and redistributed with interest to the victims of their greed and avarice.
Not the taxpayers having to now pay to jail and house Mr. Madoff in federal prison, and his son then "investigated" for the past several years, rather than concentrating on the crime itself and its victims and all parties' right to justice in a criminal fraud action, although by its very nature investing in Wall Street or the stock market clearly are risky ventures at best due to its "global" focus and composition again contrary to the intent of those founders for a "sovereign" U.S. economy.
Justice would mean recompense and precluding the perpetrators from ever being placed in such a position of trust and temptation ever again - since by their own actions proved through the "evidence" that their positions of trust were criminally abused.
Having to seek work in this now depressed U.S. economy in other fields of endeavor outside the financial sector, and losing all that they have gained at the expense of others with punitive damages added due to the nature of their crimes would have been the "legal" and "lawful" punishment called for.
Not years and years of "investigation," and subsequent media hounding - or innuendo without due process.
It was reported that Mark Madoff was found dead with his two year old child and his dog in the home where his body was discovered, with his true guilt or innocense still left undetermined although purportedly was still living a rather lavish lifestyle as a former employee of one of his father's commercial ventures, with authorities alerted by his wife who lived in another state and who had petitioned the court for a change of name for she and their son due to the continued ramifications of the crimes committed by Mark Madoff's father.
The press has been unforgiving. And the American public, most of whom were not even directly impacted by the senior Madoff's activities, just as unforgiving and brutal, although fundamentally all Americans have been impacted by the loosey goosey federal government's oversight of the Wall Street banks, bankers and profiteers.
Which governmental policies and practices in sufficient oversight of these Wall Street profiteers have remained for the most part unchanged fundamentally even since Bernie Madoff's arrest, and conviction.
Wake up, Washington. A two year old has just lost his father, and there is another Bernie Madoff trading his grandchild's future for a yacht.
Or just maybe, eventually, THIS grandchild might.
Labels:
banking,
banks,
Bernie Madoff,
crimes,
criminal,
federal government,
financial,
justice,
Mark Madoff,
Ponzi,
scheme,
sector,
Wall Street
Thursday, July 22, 2010
Obama and Congress Throw Citizens A Bone
With the increasing joblessness and homelessness now increasing across the nation, and outrage of an increasingly dissatisfied electorate with both mainstream political parties and their agendas bypassing both Constitutional provision and restraint, Congress and the Obama Administration threw the American people another bone.
Unemployment benefits checks will be reinstituted.
And just how much is unemployment - about a third of most citizens former take-home pays, over another third less than their former paychecks even after withholding?
Although, of course, this does nothing for the small businesses that have gone under during this banker, Wall Street and political economic recession, or those homeowners who are still in danger of losing their homes due to the illegal loans which were sold in the West and Southwest primarily, since nothing has been done to address the causes of the foreclosure tsunami, just the symptoms.
Loans which have no fundamental basis in our Constitution, based on foreign currencies (the British LIBOR) which were sold to unsuspecting homeowners during the boom who were forced into refinances due to rising costs of ownership.
Especially in the border states which had also seen increases in insurance rates for both autos and homes go off the charts, and whose property taxes were tied into their home valuations.
The predatory lending practices of these banks have simply been promoted by this Administration, pushing Americans to refinance into these same "foreign" based loans, and now even kids for college tuition increases which also have gone off the charts.
Sallie Mae's funding is weighted toward also promoting these London banking index rate loans, and seems to be that this is why Mr. Obama has been on the "get re-educated" and "refinance" bandwagon - to trap the American people who thus far have not been affected and still have their homes, and now even our youth then also into these adjustable foreign based loans.
Seems the "change" which has occurred has been a "change" in the face behind the podium, but not at all the agenda.
Wall Street, the "global" economy and New York profits at the cost of the rest of the country and citzenry.
Since due to those excessive salaries of our "misrepresentatives," they seem to be the heaviest investors in this "global" economy which is being promoted at the cost of America's own.
Unemployment benefits checks will be reinstituted.
And just how much is unemployment - about a third of most citizens former take-home pays, over another third less than their former paychecks even after withholding?
Although, of course, this does nothing for the small businesses that have gone under during this banker, Wall Street and political economic recession, or those homeowners who are still in danger of losing their homes due to the illegal loans which were sold in the West and Southwest primarily, since nothing has been done to address the causes of the foreclosure tsunami, just the symptoms.
Loans which have no fundamental basis in our Constitution, based on foreign currencies (the British LIBOR) which were sold to unsuspecting homeowners during the boom who were forced into refinances due to rising costs of ownership.
Especially in the border states which had also seen increases in insurance rates for both autos and homes go off the charts, and whose property taxes were tied into their home valuations.
The predatory lending practices of these banks have simply been promoted by this Administration, pushing Americans to refinance into these same "foreign" based loans, and now even kids for college tuition increases which also have gone off the charts.
Sallie Mae's funding is weighted toward also promoting these London banking index rate loans, and seems to be that this is why Mr. Obama has been on the "get re-educated" and "refinance" bandwagon - to trap the American people who thus far have not been affected and still have their homes, and now even our youth then also into these adjustable foreign based loans.
Seems the "change" which has occurred has been a "change" in the face behind the podium, but not at all the agenda.
Wall Street, the "global" economy and New York profits at the cost of the rest of the country and citzenry.
Since due to those excessive salaries of our "misrepresentatives," they seem to be the heaviest investors in this "global" economy which is being promoted at the cost of America's own.
Friday, June 11, 2010
Cops, Cops Everywhere: Cinco De Mayo Profiling
While the mainstream news media and politicians continue to "politicize" the recent old "new" law in Arizona written mostly by the civil rights lawyers in that state clearly for their own "stimulus" with respect to the rather broad and open-ended language contained in it and using the race card inappropriately to racket up the temperatures of the citizenry for both of the mainstream political parties benefit, as a former long term Arizonan I had an interesting experience this past month upon returning to that state for a brief 48 hour turnaround trip for a family member's graduation.
I, of course, left the state fairly quickly as one of those affected by the border situation, and costs of ownership of my home which necessitated relinquishing my ownership "nonrights," when a plea went out to those attending to support an added sales tax increase in order to purportedly fund the universities and schools, when Arizona's schools are funded through property taxes, and as a divorced single mother, both my ex-spouse and I had paid those taxes through the nose while our children were growing up there while watching property and insurance rates also skyrocket.
But while traveling through the State of New Mexico along the interstate highway to Arizona it seems the State of New Mexico has its own version of "profiling," both racially and otherwise.
There were at least a dozen of those expensive electronic highway safety signs that were flashing the message, "Cops, Cops Everywhere...May Cinco de Mayo DUI Blitz," or words similar to that effect.
While the Obama Administration has also been using Arizona's new law for its agendas in pursuing another Reagan era amnesty for the estimated over 12 million illegal immigrants in this country at the present time - once again, without any real permanent fencing or border security per the 2006 Fence Act - his National Highway Safety Council apparently is doing its own "racial" profiling regarding the timing of these DUI stings and in some states even, road blocks.
At these road blocks citizens at random are presumed to be possibly under the influence during select holiday weekends, since most of these sting operations are occurring during the spring breaks or other holidays.
Conveniently, May happens to be the month when both Cinco De Mayo is celebrated throughout the country at this point (a Mexican holiday, not U.S.) and graduation celebrations are in full swing.
These "saturation patrols" are compromised mostly of off-duty police officers for added pay under federal grant monies given to the states for such purposes so that they will tow the line in federal mandates in this respect under threat of removal of federal (and state) highway funding - one of their true Constitutional duties, of course rather than handing out monies for the next Woodstock Museum, or bridge to nowhere - mainly at the behest of that now temperance organization, MADD, and the global and national bankers, once again, and insurance industry.
The cities and states, of course, love those laws since the fees and fines now are so high they can also receive double revenue for those minor offenses (civil matters if not involving property loss or injury to another).
Many of the states have quietly sold some of their jail facilities to private entities, of course, leasing them back at higher costs to the public or turned to such facilities as "tent city" in Arizona in order to gain even more revenue, since those states then also receive added revenue by the head for those who are arrested and cannot now make their bonds due to the amount of those fines and fees even for first time offenses, many of whom are then serving jail time before they are even arraigned or have entered their pleas.
I wonder if this, too, could be classified as "racial" profiling?
Or simply governmentally facilitated "terrorism," on the public.
It seems Granddaddy does seem to speak out of both sides of its mouth when push comes to shove, and wonder whether such barricades and "checkpoints" that are used now for insurance and DUI "searches and seizures," will also become the norm?
"Let me see your papers," also includes those mandatory insurance barricades and checkpoints in some of those states that are also now conducted "in the interest of public safety" outside Arizona after Big Daddy spoke back in the 1970's using the same tactics for those nationwide laws for mandated citizen control also at the behest of mainly the insurance industry using again removal of highway funding, didn't they?
How come Saturday Night Live hasn't done a skit on THAT?
As a former Arizonan who has seen it all and watched this situation progress for the past forty years, I am opposed to the law in its present form for many reasons, but primarily because without the needed border fencing and security, it simply is addressing the symptoms and not the cause at all.
We are looking at serial amnesties here for political purposes at the cost, once again, of the natural and naturalized Americans progressively since any such attempt by Congress would be the second in two decades. Generational amnesties.
If it is the federal government's intent to simply turn the West and Southwest back over to Mexico and Canada, too, since so many Canadian snowbirds also live in those Sunbelt states more than six months out of the year or own second homes there, maybe there is a great deal in that NAFTA free trade agreement with those two countries that those Americans living in the West and Southwest and Sunbelt states simply haven't been told.
Especially since foreigners now are progressively gaining Bill of Rights protections under a Constitution that is now more protective of foreigner's rights, than Americans.
Like hasta la vista, baby.
They now have been given squatters rights as the new international states of Canifornico, Mexicanzona, Nuevo Mexico, and Texico.
I, of course, left the state fairly quickly as one of those affected by the border situation, and costs of ownership of my home which necessitated relinquishing my ownership "nonrights," when a plea went out to those attending to support an added sales tax increase in order to purportedly fund the universities and schools, when Arizona's schools are funded through property taxes, and as a divorced single mother, both my ex-spouse and I had paid those taxes through the nose while our children were growing up there while watching property and insurance rates also skyrocket.
But while traveling through the State of New Mexico along the interstate highway to Arizona it seems the State of New Mexico has its own version of "profiling," both racially and otherwise.
There were at least a dozen of those expensive electronic highway safety signs that were flashing the message, "Cops, Cops Everywhere...May Cinco de Mayo DUI Blitz," or words similar to that effect.
While the Obama Administration has also been using Arizona's new law for its agendas in pursuing another Reagan era amnesty for the estimated over 12 million illegal immigrants in this country at the present time - once again, without any real permanent fencing or border security per the 2006 Fence Act - his National Highway Safety Council apparently is doing its own "racial" profiling regarding the timing of these DUI stings and in some states even, road blocks.
At these road blocks citizens at random are presumed to be possibly under the influence during select holiday weekends, since most of these sting operations are occurring during the spring breaks or other holidays.
Conveniently, May happens to be the month when both Cinco De Mayo is celebrated throughout the country at this point (a Mexican holiday, not U.S.) and graduation celebrations are in full swing.
These "saturation patrols" are compromised mostly of off-duty police officers for added pay under federal grant monies given to the states for such purposes so that they will tow the line in federal mandates in this respect under threat of removal of federal (and state) highway funding - one of their true Constitutional duties, of course rather than handing out monies for the next Woodstock Museum, or bridge to nowhere - mainly at the behest of that now temperance organization, MADD, and the global and national bankers, once again, and insurance industry.
The cities and states, of course, love those laws since the fees and fines now are so high they can also receive double revenue for those minor offenses (civil matters if not involving property loss or injury to another).
Many of the states have quietly sold some of their jail facilities to private entities, of course, leasing them back at higher costs to the public or turned to such facilities as "tent city" in Arizona in order to gain even more revenue, since those states then also receive added revenue by the head for those who are arrested and cannot now make their bonds due to the amount of those fines and fees even for first time offenses, many of whom are then serving jail time before they are even arraigned or have entered their pleas.
I wonder if this, too, could be classified as "racial" profiling?
Or simply governmentally facilitated "terrorism," on the public.
It seems Granddaddy does seem to speak out of both sides of its mouth when push comes to shove, and wonder whether such barricades and "checkpoints" that are used now for insurance and DUI "searches and seizures," will also become the norm?
"Let me see your papers," also includes those mandatory insurance barricades and checkpoints in some of those states that are also now conducted "in the interest of public safety" outside Arizona after Big Daddy spoke back in the 1970's using the same tactics for those nationwide laws for mandated citizen control also at the behest of mainly the insurance industry using again removal of highway funding, didn't they?
How come Saturday Night Live hasn't done a skit on THAT?
As a former Arizonan who has seen it all and watched this situation progress for the past forty years, I am opposed to the law in its present form for many reasons, but primarily because without the needed border fencing and security, it simply is addressing the symptoms and not the cause at all.
We are looking at serial amnesties here for political purposes at the cost, once again, of the natural and naturalized Americans progressively since any such attempt by Congress would be the second in two decades. Generational amnesties.
If it is the federal government's intent to simply turn the West and Southwest back over to Mexico and Canada, too, since so many Canadian snowbirds also live in those Sunbelt states more than six months out of the year or own second homes there, maybe there is a great deal in that NAFTA free trade agreement with those two countries that those Americans living in the West and Southwest and Sunbelt states simply haven't been told.
Especially since foreigners now are progressively gaining Bill of Rights protections under a Constitution that is now more protective of foreigner's rights, than Americans.
Like hasta la vista, baby.
They now have been given squatters rights as the new international states of Canifornico, Mexicanzona, Nuevo Mexico, and Texico.
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Tuesday, April 27, 2010
Goldman Sachs Passion Play Misses The True Crime
While the entire even minimally politically aware citizenry of the United States is on overdrive due to the far-reaching events of this past week with respect to the war zone conditions that are more than apparent in the border states and particularly Arizona over the illegal immigration situation, with those on the East Coast per a Saturday Night Live News segment slamming the state, while being totally ignorant of what actually led to the actions taken by the state government to begin with, there has been more afoot on the Eastern Seaboard.
Such is the insulation in this country, and lack of a national identity at this point that those not directly affected by the porous southern borders and drug cartels doing business cross borders almost unimpeded for the past thirty years, have once again attempted to minimize the impact on those victims, rather than putting pressure on the federal government to actually do their jobs and get our southern borders secured FOR ALL.
This week, however, another drama is being played out in the media which also majorly impacted those living mostly in the West and Southwest and Sunbelt states (the states with the continuing foreclosures, which are increasing by the month) and that is the hearings being conducted over the Goldman Sachs securities fraud.
Little connection, however, or reporting has been forthcoming insofar as just who were the actual true victims in the Goldman Sachs fiasco.
And it was not primarily the investors of those CDOs which were pawned off on them by Goldman Sachs knowing full well that those collateralized loans were junk, and that one of their major clients was hedging their bets though derivatives in the process.
After all, Goldman Sachs is the Cadillac of investment houses and most of their clients are not neophytes but savy investors, or at least minimally aware of risk when making some of those investments.
I mean, these investors were playing the market, after all.
In fact, there are quite a number of Goldman Sachs investors who, I'm sure, invest for the tax writeoffs they receive for losses on some of those investments.
Although mere disclosures also of the risks for most of these investments is clearly inadequate for many, due to the legalese with which most prospectuses and other investment documents are written to begin with.
And selling your investors down the river for a favored investment client firm is not good business practice, nor is it legal in the sense the founders intended irrespective as to whether or not there are codified laws allowing mere disclosure as a protection for these huge Wall Street banking firms in order to mitigated their potential losses since Wall Street is pretty much left alone by the SEC and Congress more and more while the investment grades and risks are becoming greater and greater, for the average American individual investor, that is.
In fact, I would simply state that Goldman Sachs had a huge ethical problem, and conflict of interest actually, in order to win favor with one client at the cost of so many others and can not understand for the life of me just how that would not have been in violation of at least several SEC or United States Code provisions.
But the true victims actually are the American homeowners mostly in the West and Southwest who were sold most of those bad loans which Goldman Sachs has admitted full well knew were bad while they were unloading them.
People who were first time homebuyers, or who were forced into refinances in those states due to the rising costs of ownership during that very short boom cycle, many of whom also were owners of homes during a similar scenario involving Charles Keating in the 1980's - who was selling risky investments to elderly retirees in also the West and Southwest and who ended up losing their homes and everything they had when Lincoln Savings & Loan went bust.
Many of these risky and bad CDO's were also guaranteed by Freddie Mac and Fannie Mae.
We all know what happened then since it is and has been the American people who are also bailing out those two entities, all for Goldman Sachs' investors, since the homeowners whose loans were involved and their interests are far down the list and in which at this point for many actually have no underlying debt, as it were, since they were resold.
AND the American people were billed for cash advanced literally in the millions directly to Goldman Sachs (a part owner of our own Federal Reserve actually, according to several reports), so actually it appears Goldman Sachs was using Congress to write themselves their own checks, while billing then those costs to the American public at large on their investors behalf.
And yet it is and was the American homeowners who are still being threatened by these banks and lenders in bed with thsoe Wall Street wheeler dealers and Washington, and few have been able to refinance under more favorable terms since Congress has yet to address the actual terms of those bogus contracts to begin with.
In fact, most of Congress and Obama's attentions have been in attempting to hawk refinances instead to get more and more Americans, it appears, into some of those bogus loans in order to use to pay back some of these investors, apparently.
Or for those "new" jobs created in the mortgage industry of now "mortgage counselors" to settle those debts with those investors by renegotiating the terms of those loans as the middle man with those homeowners, weighing the cost/benefit against foreclosing on the property and reselling it as to which would get those investors and those banks affiliated with Freddie Mac and Fannie Mae more.
Many of those loans, of course, were sold through California lenders which were not even based on the U.S. currency, but on the British LIBOR rates.
In the banking industry, the connections between New York and Wall Street and California and those mortgage bankers is strong.
After this week's bust and play acting by the Senate with respect to any true financial sector/Wall Street reform, I'm wondering when those in Washington will get around to addressing the fallout to the true victims of this passion play.
The American people, and mostly those American homeowners in the West and Southwest which New York and its brash comedians maligned in a roundabout way once again last Saturday night.
Watch Washington give Goldman Sachs a lengthy tongue lashing, as what occurred today by selected Senators needing some face time with the media for the upcoming elections, and then purportedly levy a heavy fine.
While the true victims continue to lose their homes, jobs and even lives in the West and Southwest due to Washington's continued political maneuvering protecting the bankers and appeasing the foreigners while raping the citizenry.
Such is the insulation in this country, and lack of a national identity at this point that those not directly affected by the porous southern borders and drug cartels doing business cross borders almost unimpeded for the past thirty years, have once again attempted to minimize the impact on those victims, rather than putting pressure on the federal government to actually do their jobs and get our southern borders secured FOR ALL.
This week, however, another drama is being played out in the media which also majorly impacted those living mostly in the West and Southwest and Sunbelt states (the states with the continuing foreclosures, which are increasing by the month) and that is the hearings being conducted over the Goldman Sachs securities fraud.
Little connection, however, or reporting has been forthcoming insofar as just who were the actual true victims in the Goldman Sachs fiasco.
And it was not primarily the investors of those CDOs which were pawned off on them by Goldman Sachs knowing full well that those collateralized loans were junk, and that one of their major clients was hedging their bets though derivatives in the process.
After all, Goldman Sachs is the Cadillac of investment houses and most of their clients are not neophytes but savy investors, or at least minimally aware of risk when making some of those investments.
I mean, these investors were playing the market, after all.
In fact, there are quite a number of Goldman Sachs investors who, I'm sure, invest for the tax writeoffs they receive for losses on some of those investments.
Although mere disclosures also of the risks for most of these investments is clearly inadequate for many, due to the legalese with which most prospectuses and other investment documents are written to begin with.
And selling your investors down the river for a favored investment client firm is not good business practice, nor is it legal in the sense the founders intended irrespective as to whether or not there are codified laws allowing mere disclosure as a protection for these huge Wall Street banking firms in order to mitigated their potential losses since Wall Street is pretty much left alone by the SEC and Congress more and more while the investment grades and risks are becoming greater and greater, for the average American individual investor, that is.
In fact, I would simply state that Goldman Sachs had a huge ethical problem, and conflict of interest actually, in order to win favor with one client at the cost of so many others and can not understand for the life of me just how that would not have been in violation of at least several SEC or United States Code provisions.
But the true victims actually are the American homeowners mostly in the West and Southwest who were sold most of those bad loans which Goldman Sachs has admitted full well knew were bad while they were unloading them.
People who were first time homebuyers, or who were forced into refinances in those states due to the rising costs of ownership during that very short boom cycle, many of whom also were owners of homes during a similar scenario involving Charles Keating in the 1980's - who was selling risky investments to elderly retirees in also the West and Southwest and who ended up losing their homes and everything they had when Lincoln Savings & Loan went bust.
Many of these risky and bad CDO's were also guaranteed by Freddie Mac and Fannie Mae.
We all know what happened then since it is and has been the American people who are also bailing out those two entities, all for Goldman Sachs' investors, since the homeowners whose loans were involved and their interests are far down the list and in which at this point for many actually have no underlying debt, as it were, since they were resold.
AND the American people were billed for cash advanced literally in the millions directly to Goldman Sachs (a part owner of our own Federal Reserve actually, according to several reports), so actually it appears Goldman Sachs was using Congress to write themselves their own checks, while billing then those costs to the American public at large on their investors behalf.
And yet it is and was the American homeowners who are still being threatened by these banks and lenders in bed with thsoe Wall Street wheeler dealers and Washington, and few have been able to refinance under more favorable terms since Congress has yet to address the actual terms of those bogus contracts to begin with.
In fact, most of Congress and Obama's attentions have been in attempting to hawk refinances instead to get more and more Americans, it appears, into some of those bogus loans in order to use to pay back some of these investors, apparently.
Or for those "new" jobs created in the mortgage industry of now "mortgage counselors" to settle those debts with those investors by renegotiating the terms of those loans as the middle man with those homeowners, weighing the cost/benefit against foreclosing on the property and reselling it as to which would get those investors and those banks affiliated with Freddie Mac and Fannie Mae more.
Many of those loans, of course, were sold through California lenders which were not even based on the U.S. currency, but on the British LIBOR rates.
In the banking industry, the connections between New York and Wall Street and California and those mortgage bankers is strong.
After this week's bust and play acting by the Senate with respect to any true financial sector/Wall Street reform, I'm wondering when those in Washington will get around to addressing the fallout to the true victims of this passion play.
The American people, and mostly those American homeowners in the West and Southwest which New York and its brash comedians maligned in a roundabout way once again last Saturday night.
Watch Washington give Goldman Sachs a lengthy tongue lashing, as what occurred today by selected Senators needing some face time with the media for the upcoming elections, and then purportedly levy a heavy fine.
While the true victims continue to lose their homes, jobs and even lives in the West and Southwest due to Washington's continued political maneuvering protecting the bankers and appeasing the foreigners while raping the citizenry.
Thursday, April 22, 2010
IDOL Gives Back? Hardly!
Although I rarely watch a great deal of television anymore for varying reasons, especially any of the stations that are included with those cable subscriptions, this evening while I was working researching and editing some of my recent work as a basically unemployed freelance photographer I turned on the television and caught some of the "Idol Gives Back" program from Fox.
After only a few short minutes, I was astounded at the title for this particular segment of this program, since during the entire program there was a message flashing the number in which credit card payments in order to donate followed each and every performance of those Hollywood and a great many British transplant celebrities who were involved in this undertaking.
There was even a brief announcement by Ryan Seacrest that there was a special number in which the audience could make $10.00 donations, although the usual text messaging rates would apply, with a maximum number of calls to this particular number restricted to three.
It appears this had nothing to do with "American Idol Gives Back" but merely a telethon to the public requesting donations, and a forum in which various celebrities could also get a gig, while using the kids who were hungry for stardom as their stimulus.
I stopped watching this show many, many years ago when the Coke glasses, the text messaging and Ford automobile ads seem to be the primary focus, and the kids which were involved in this talent show merely props.
In fact, during this travesty of a plea for public donations for Hollywood's or Fox's latest causes, Alicia Keyes was the "featured" guest, and did one of her numbers which was stylized for this particular venue which featured a song in which the basic lyrics had to do with doing the "unmentionable" as an "inspiration" to the mostly pre-pubescent audience as somehow being an inspiration to donating to fight hunger and poverty.
And then went on to extol New York, site of Wall Street and many of those corporate offices of those financial institutions in which those credit card donations with the profits on those fees for Wall Street would benefit most of all for all those donations.
What was also interesting is that a great many of the performances also seemed to be aimed at the baby boomer and Gen-X parents of those kids watching in recycling Elton John's "Your Song," and also "Stairway to Heaven," as if these songs actually had, at their inception, anything at all to do with the focus of this massive telethon, at a time when most of those in which this plea was intended to reach, are those that have been majorly impacted by the U.S. recession/depression.
These "celebrities" from the U.S. and Great Britain, it appears haven't a clue.
And interesting that those pleas for donations also highlighted credit card payments, since California was and is the state in which a great many of those loans which have resulted in the foreclosures now sweeping the country were sold by Indy Mac Bank, Countrywide and Bank of America, using California's Silicon Valley telecom industry in order to make those pleas.
This program has seen better days, and milking the public at a time when this country is facing it's largest recession ever on behalf of the U.N. and its globalism agendas which have also had a major impact in their focus of world socialsm which has progressively negatively impacted the American people most of all, seemed almost too much to believe, and can understand why this program is now facing declining ratings.
Especially since the audience for this show actually tends to be those which are still dependents, and using them in order to reach their parents wallets utterly incredible.
Most of the featured spots, of course, used young children and babies as the focus for these various causes and groups, in which many of these "non-profits" also receive federal taxapayer grant monies in some form or another, I wouldn't hesitate to guess.
AIDS and literacy were the primary focuses, and it was reported by Elton John that AIDS is spreading in this country, who recommended all viewers to get tested of which about 50% of them at least were young, prepubescent girls it appeared.
And as one who also is familiar with AIDS and its progression since its inception in this country, interesting in that if we had instituted quarantines prior to immigrations or long term visits to this country when this outbreak first occurred as was done for any number of other diseases in prior generations with the limited ports of entry for immigration and international travel, or stopped facilitating agressive, rather than defensive wars, taking in literally thousands of refugees from impoverished areas and countries also progressively since Viet Nam, maybe the spread of AIDS in this country wouldn't be climbing, rather than reducing.
Randy Jackson played guitar for one of the numbers, and was quoted as stating that the U.S. was "one of the richest countries in the world."
I guess he is unaware of the increasing federal deficit, and just why so many of those in which this program directed it's pleas, at least in this country, are in the circumstances in which they now find themselves.
And Washington, New York and Wall Street,California, the British alliance since World War II and U.N's "foreign" agendas are a major part of it.
After only a few short minutes, I was astounded at the title for this particular segment of this program, since during the entire program there was a message flashing the number in which credit card payments in order to donate followed each and every performance of those Hollywood and a great many British transplant celebrities who were involved in this undertaking.
There was even a brief announcement by Ryan Seacrest that there was a special number in which the audience could make $10.00 donations, although the usual text messaging rates would apply, with a maximum number of calls to this particular number restricted to three.
It appears this had nothing to do with "American Idol Gives Back" but merely a telethon to the public requesting donations, and a forum in which various celebrities could also get a gig, while using the kids who were hungry for stardom as their stimulus.
I stopped watching this show many, many years ago when the Coke glasses, the text messaging and Ford automobile ads seem to be the primary focus, and the kids which were involved in this talent show merely props.
In fact, during this travesty of a plea for public donations for Hollywood's or Fox's latest causes, Alicia Keyes was the "featured" guest, and did one of her numbers which was stylized for this particular venue which featured a song in which the basic lyrics had to do with doing the "unmentionable" as an "inspiration" to the mostly pre-pubescent audience as somehow being an inspiration to donating to fight hunger and poverty.
And then went on to extol New York, site of Wall Street and many of those corporate offices of those financial institutions in which those credit card donations with the profits on those fees for Wall Street would benefit most of all for all those donations.
What was also interesting is that a great many of the performances also seemed to be aimed at the baby boomer and Gen-X parents of those kids watching in recycling Elton John's "Your Song," and also "Stairway to Heaven," as if these songs actually had, at their inception, anything at all to do with the focus of this massive telethon, at a time when most of those in which this plea was intended to reach, are those that have been majorly impacted by the U.S. recession/depression.
These "celebrities" from the U.S. and Great Britain, it appears haven't a clue.
And interesting that those pleas for donations also highlighted credit card payments, since California was and is the state in which a great many of those loans which have resulted in the foreclosures now sweeping the country were sold by Indy Mac Bank, Countrywide and Bank of America, using California's Silicon Valley telecom industry in order to make those pleas.
This program has seen better days, and milking the public at a time when this country is facing it's largest recession ever on behalf of the U.N. and its globalism agendas which have also had a major impact in their focus of world socialsm which has progressively negatively impacted the American people most of all, seemed almost too much to believe, and can understand why this program is now facing declining ratings.
Especially since the audience for this show actually tends to be those which are still dependents, and using them in order to reach their parents wallets utterly incredible.
Most of the featured spots, of course, used young children and babies as the focus for these various causes and groups, in which many of these "non-profits" also receive federal taxapayer grant monies in some form or another, I wouldn't hesitate to guess.
AIDS and literacy were the primary focuses, and it was reported by Elton John that AIDS is spreading in this country, who recommended all viewers to get tested of which about 50% of them at least were young, prepubescent girls it appeared.
And as one who also is familiar with AIDS and its progression since its inception in this country, interesting in that if we had instituted quarantines prior to immigrations or long term visits to this country when this outbreak first occurred as was done for any number of other diseases in prior generations with the limited ports of entry for immigration and international travel, or stopped facilitating agressive, rather than defensive wars, taking in literally thousands of refugees from impoverished areas and countries also progressively since Viet Nam, maybe the spread of AIDS in this country wouldn't be climbing, rather than reducing.
Randy Jackson played guitar for one of the numbers, and was quoted as stating that the U.S. was "one of the richest countries in the world."
I guess he is unaware of the increasing federal deficit, and just why so many of those in which this program directed it's pleas, at least in this country, are in the circumstances in which they now find themselves.
And Washington, New York and Wall Street,California, the British alliance since World War II and U.N's "foreign" agendas are a major part of it.
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Thursday, February 11, 2010
The Mortgage/Foreclosure Rescue Is No Rescue
It appears that the much ballyhooed mortgage rescue for all those homeowners living in primarily the West and Southwest, and Michigan appears to have been no rescue at all.
Last month once again saw a record number of foreclosures in those states and there has been no significant rebound of the housing market throughout the nation. Of course, the boom and bust cycle has been blamed by the mainstream media in claims that most of those buyers either "borrowed too much" or bought too much home.
As one who lived for many years in a state that has seen these boom and bust cycles since the 1970's, Arizona, I can tell you there is much more to it than that.
What lead to this disaster simply has not been widely reported, nor has been addressed in any significant manner by either this, or the prior Administrations.
What hasn't been disclosed in the mainstream media is the fact that most of those states are "foreclosure friendly" states to begin with, and states with a high turnover rate due to the fact that they are retirement states for most of the Canadian and East Coast retirees.
And that most of those new loans and refinances weren't simply "creative" loans, or even "interest only" loans at all, but many were not even based on the U.S. prime interest rates, but on the London banking rates (the LIBOR, or London Interest Bearing Origination Rate).
At the current exchange rate, that means most of those loan adjustments will be based on a currency rate that is one and a half times that of the U.S. dollar at this point.
Which means that an adjusted rate of 3% based on the London market rates is another one and a half percent over one based on the U.S. prime.
With all the publicity and mass media promotion of the Fed's slashing interest rates during this economic tsunami, little has been said that if a home mortgage rate isn't even based on the U.S. prime, the Fed's slashing of interest rates isn't going to assist in any significant manner whatsoever those home buyers who were "sold" loans based on a foreign currency and interest rate.
Which begs the question, how in the world could U.S. charter banking institutions be selling mortgage loans in this country that are not even based on the U.S. currency to the American public?
One of the prime lenders of these loans was based in Michigan, and most of the others were based in California, although even the Michigan bank which is under investigation at this time, it was announced, heavily sold loans in the West and Southwest through its offices there. However, nothing has been published on the London bank rate loans some of these entities were selling to the unsuspecting public.
Interestingly enough also, those states that are affected have the highest number of Canadian retirees, or as with Michigan, border Canada. Which would mean perhaps that those banks were attempting to compete with the Canadian banks for a share of the Canadian market for homes purchased by Canadians in the United States but using "their" currency rates in order to so do thus bulking up the profits of those lenders in the process.
And they were bankrupt?
Which is even more troubling that banks in this country which are federally insured by the FDIC and Fannie Mae and Freddie Mac would be compromising the economy of this country on behalf of foreign investors in second "vacation" home properties, or were somehow unaware that their affiliated banks were selling loans based on a foreign interest rate or currency. That would be highly suspect, as such information would be readily discernible during any bank audit, and I'm sure one or two of those big box lenders especially in California had to have been audited during that boom.
Although many of the Canadians especially in Arizona only live in the United States for six months out of the year, they don't pay any U.S. federal or state income taxes nor a proportionate share of the sales and other taxes United States full time resident citizens pay, although as with the bank bailouts, it was the United States citizens that ate the risk for those banks that wrote many of those loans for those foreigners who defaulted also, since many were second homes to begin with and while they may have lost their investment for most of those huge closing costs that also were a part of some of those loans, they didn't lose their true "home" at all.
Not like the Americans who were also sold those loans in order to both bulk up the profits of those banks, and also assume some of the risk through the backdoor for those loans which were sold to the Canadian market.
While Obama then "saves" the pension plans of the GM Canadian workers, while giving the "buck up, we all must sacrifice" speech to the U.S. autoworkers in Detroit then that were laid off.
It appears this proclaimed "citizen of the world", as with the last Administration, is more concerned with appeasing the "world" audience and investors, rather than protecting the homesteads of the U.S. citizens.
Since the actual terms and conditions of those loans actually have not changed when there was no meaningful regulatory functions included with the bank bailouts.
Instead, it does appear that in this Administration is promoting now primarily refinances, and advertising these slashed Fed rates for new home buyers and purchases with tax credits, it would appear, again the "hook" so that instead of "rescuing" or protecting the U.S. citizens home investment, the Obama Administration is simply working for the European bankers and attempting to get more and more Americans into those fraudulent London market rate loans so that even more Americans lose their homes during the next boom and bust cycle.
This "rescue" sounds more like a set up for the next generation, and those retiree boomers, or possibly the "new" Americans that Congress and this Administration, as the last, wishes to "legalize," who cannot read English or at least might have a little trouble with all that legalese now in those 50 page loan docs.
You know all those "kids" that this Administration and the last used at election time in order to score points with the voters, to be the next victims in another ten to twenty years, in order to lose even the small amount of equity they may have built up with those usurous rates.
I do believe that there may be more important legislation needed here than the No Child Left Behind Act in order to protect America's children from the banking industry so that maybe they, too, can someday truly realize the American dream of home ownership and not simply "stewardship" for the British or the U.S. banks working in partnership of their home and land.
And now these properties in the West and Southwest are once again being hawked in the East Coast and Canadian markets for the upcoming boomer generation - many of whom are hardly the golf cart type, but be forewarned all you East Coast and Canadian tenderfoots. Promoting all the "steals" now that can be had.
The term "steal" is actually quite accurate, in this case, literally.
The British bankers are on their way to reclaiming the West and Southwest for the Crown, with the assistance of the Tories in Washington who apparently are selling not only a great deal of our vital industries and infrastructure to foreigners through the "global" stock market, but now even the private land in this country through the backdoor by not simply not regulating the U.S. banks and their lending practices, but actually facilitating a British takeover of our entire country parcel by parcel, as it were.
Last month once again saw a record number of foreclosures in those states and there has been no significant rebound of the housing market throughout the nation. Of course, the boom and bust cycle has been blamed by the mainstream media in claims that most of those buyers either "borrowed too much" or bought too much home.
As one who lived for many years in a state that has seen these boom and bust cycles since the 1970's, Arizona, I can tell you there is much more to it than that.
What lead to this disaster simply has not been widely reported, nor has been addressed in any significant manner by either this, or the prior Administrations.
What hasn't been disclosed in the mainstream media is the fact that most of those states are "foreclosure friendly" states to begin with, and states with a high turnover rate due to the fact that they are retirement states for most of the Canadian and East Coast retirees.
And that most of those new loans and refinances weren't simply "creative" loans, or even "interest only" loans at all, but many were not even based on the U.S. prime interest rates, but on the London banking rates (the LIBOR, or London Interest Bearing Origination Rate).
At the current exchange rate, that means most of those loan adjustments will be based on a currency rate that is one and a half times that of the U.S. dollar at this point.
Which means that an adjusted rate of 3% based on the London market rates is another one and a half percent over one based on the U.S. prime.
With all the publicity and mass media promotion of the Fed's slashing interest rates during this economic tsunami, little has been said that if a home mortgage rate isn't even based on the U.S. prime, the Fed's slashing of interest rates isn't going to assist in any significant manner whatsoever those home buyers who were "sold" loans based on a foreign currency and interest rate.
Which begs the question, how in the world could U.S. charter banking institutions be selling mortgage loans in this country that are not even based on the U.S. currency to the American public?
One of the prime lenders of these loans was based in Michigan, and most of the others were based in California, although even the Michigan bank which is under investigation at this time, it was announced, heavily sold loans in the West and Southwest through its offices there. However, nothing has been published on the London bank rate loans some of these entities were selling to the unsuspecting public.
Interestingly enough also, those states that are affected have the highest number of Canadian retirees, or as with Michigan, border Canada. Which would mean perhaps that those banks were attempting to compete with the Canadian banks for a share of the Canadian market for homes purchased by Canadians in the United States but using "their" currency rates in order to so do thus bulking up the profits of those lenders in the process.
And they were bankrupt?
Which is even more troubling that banks in this country which are federally insured by the FDIC and Fannie Mae and Freddie Mac would be compromising the economy of this country on behalf of foreign investors in second "vacation" home properties, or were somehow unaware that their affiliated banks were selling loans based on a foreign interest rate or currency. That would be highly suspect, as such information would be readily discernible during any bank audit, and I'm sure one or two of those big box lenders especially in California had to have been audited during that boom.
Although many of the Canadians especially in Arizona only live in the United States for six months out of the year, they don't pay any U.S. federal or state income taxes nor a proportionate share of the sales and other taxes United States full time resident citizens pay, although as with the bank bailouts, it was the United States citizens that ate the risk for those banks that wrote many of those loans for those foreigners who defaulted also, since many were second homes to begin with and while they may have lost their investment for most of those huge closing costs that also were a part of some of those loans, they didn't lose their true "home" at all.
Not like the Americans who were also sold those loans in order to both bulk up the profits of those banks, and also assume some of the risk through the backdoor for those loans which were sold to the Canadian market.
While Obama then "saves" the pension plans of the GM Canadian workers, while giving the "buck up, we all must sacrifice" speech to the U.S. autoworkers in Detroit then that were laid off.
It appears this proclaimed "citizen of the world", as with the last Administration, is more concerned with appeasing the "world" audience and investors, rather than protecting the homesteads of the U.S. citizens.
Since the actual terms and conditions of those loans actually have not changed when there was no meaningful regulatory functions included with the bank bailouts.
Instead, it does appear that in this Administration is promoting now primarily refinances, and advertising these slashed Fed rates for new home buyers and purchases with tax credits, it would appear, again the "hook" so that instead of "rescuing" or protecting the U.S. citizens home investment, the Obama Administration is simply working for the European bankers and attempting to get more and more Americans into those fraudulent London market rate loans so that even more Americans lose their homes during the next boom and bust cycle.
This "rescue" sounds more like a set up for the next generation, and those retiree boomers, or possibly the "new" Americans that Congress and this Administration, as the last, wishes to "legalize," who cannot read English or at least might have a little trouble with all that legalese now in those 50 page loan docs.
You know all those "kids" that this Administration and the last used at election time in order to score points with the voters, to be the next victims in another ten to twenty years, in order to lose even the small amount of equity they may have built up with those usurous rates.
I do believe that there may be more important legislation needed here than the No Child Left Behind Act in order to protect America's children from the banking industry so that maybe they, too, can someday truly realize the American dream of home ownership and not simply "stewardship" for the British or the U.S. banks working in partnership of their home and land.
And now these properties in the West and Southwest are once again being hawked in the East Coast and Canadian markets for the upcoming boomer generation - many of whom are hardly the golf cart type, but be forewarned all you East Coast and Canadian tenderfoots. Promoting all the "steals" now that can be had.
The term "steal" is actually quite accurate, in this case, literally.
The British bankers are on their way to reclaiming the West and Southwest for the Crown, with the assistance of the Tories in Washington who apparently are selling not only a great deal of our vital industries and infrastructure to foreigners through the "global" stock market, but now even the private land in this country through the backdoor by not simply not regulating the U.S. banks and their lending practices, but actually facilitating a British takeover of our entire country parcel by parcel, as it were.
Labels:
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Monday, December 21, 2009
Global Economy On Rebound: U.S. The Losers
In today's online editions of several mainstream news organizations and internet news sources, the top story was that economists are stating that the final quarter figures for 2009 shows that the economy is getting stronger, and that it does appear it is on the rebound.
And are predicting an even greater and brigher future for 2010.
Apparently, "accuracy in news" hasn't reached the AP yet, since the only economy which it appears is growing is on Wall Street, not Main Street America. In fact, there still is one foreclosure every 13 seconds still occurring, and the jobless rate has worsened with many more laid off or underemployed Americans.
The U.S. Department of Labor figures, remember, only count those that are collecting unemployment. Not those whose benefits have run out, the self-employed, or those now that are underemployed and waiting tables or behind retail counters after their jobs were outsourced under some of those great government bailouts.
And it appears all those vacant homes in the West and Southwest are being made ready for the Canadian retirees, possible "new" Americans due to another amnesty bill that is waiting in the wings, and 26,000 Iraqi refugees which will be resettled in this country. Of course, after clearly invading it rather unlawfully to begin with.
So the Wall Street financiers and banks can collect all those junk fees once again on those "new" loans and the fine print that many of these foreign immigrants won't be able to read.
Isn't "globalism" great, America? You homes and jobs are being outsourced and insourced in order that the global, mostly New York based economists can put a star next to their economic indicators.
Of course, the caveat is that this rebound will only continue so long as Americans continue to go into debt and spend. Sort of like Washington. Encouraging Americans to become indebted to the bankers, is like our debt now to China while still writing checks to every other foreign government that comes down the pike.
And interesting this "forecast" would come the month of Christmas, when of course spending is up due to the holiday itself - and Americans do have a hard time explaining to their kids that Santa just won't be able to make it this year, especially when they have that piece of plastic at 13-21% interest that just came in the mail as the bankers "stimulus."
The link:
http://enews.earthlink.net/article/top?guid=20091222/1ec14c40-fb65-459f-9524-ac6fca50d9b9
And are predicting an even greater and brigher future for 2010.
Apparently, "accuracy in news" hasn't reached the AP yet, since the only economy which it appears is growing is on Wall Street, not Main Street America. In fact, there still is one foreclosure every 13 seconds still occurring, and the jobless rate has worsened with many more laid off or underemployed Americans.
The U.S. Department of Labor figures, remember, only count those that are collecting unemployment. Not those whose benefits have run out, the self-employed, or those now that are underemployed and waiting tables or behind retail counters after their jobs were outsourced under some of those great government bailouts.
And it appears all those vacant homes in the West and Southwest are being made ready for the Canadian retirees, possible "new" Americans due to another amnesty bill that is waiting in the wings, and 26,000 Iraqi refugees which will be resettled in this country. Of course, after clearly invading it rather unlawfully to begin with.
So the Wall Street financiers and banks can collect all those junk fees once again on those "new" loans and the fine print that many of these foreign immigrants won't be able to read.
Isn't "globalism" great, America? You homes and jobs are being outsourced and insourced in order that the global, mostly New York based economists can put a star next to their economic indicators.
Of course, the caveat is that this rebound will only continue so long as Americans continue to go into debt and spend. Sort of like Washington. Encouraging Americans to become indebted to the bankers, is like our debt now to China while still writing checks to every other foreign government that comes down the pike.
And interesting this "forecast" would come the month of Christmas, when of course spending is up due to the holiday itself - and Americans do have a hard time explaining to their kids that Santa just won't be able to make it this year, especially when they have that piece of plastic at 13-21% interest that just came in the mail as the bankers "stimulus."
The link:
http://enews.earthlink.net/article/top?guid=20091222/1ec14c40-fb65-459f-9524-ac6fca50d9b9
Labels:
banking,
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Friday, October 9, 2009
Global Socialist Barack Obama Receives Nobel Peace Prize
(For Any And All Conserve-ative Americans)
With all the brouhaha and ballyhoo that has been the buzz on the mainstream and citizen journalism sites of the recent announcement that Barack Obama has been awarded a Nobel "peace" prize for his work in his less than one year in office to many Americans such as myself such a move comes as absolutely no surprise from this politically focused international group.
After all, global socialism is part and parcel of the entire focus of such awards, and world government control of the masses under U.N., World Bank, WHO and other internationally funded and facilitated groups outside of the sovereignty of all nations on the planet its primary and fundamentally its purpose.
What is truly surprising is the fundamental hypocricy of such a position, in that the U.S. is now is engaged in facilitating supposed "peace" through war in the Middle East on behalf of Israel most of all in our continued presence there, and also "global" corporate interests outsoucing both American jobs and industry for their cheap labor needs in the Middle East due to currency fluctuations and the world government agendas which have progressively been at work here through the globalists (mislabeled either Republican or Democrat at this point) esconced there.
But then again, the prize for the award (approximately 1.4 million) is also funded by those same European banking cartel members who were responsible for the creation of Israel in the wake of World War I under the British Balfour Doctrine.
So it appears that the "surprise" of this announcement has to do with just exactly how desperate now those "powers that be" are to now continue facilitating their agendas of world government control by pulling out all the stops.
The list of all the last U.S. presidential recipients of this award reads like a "who's who" of the European banking control and Council on Foreign Relations members which is the U.S. spinoff of their political agendas.
Woodrow Wilson (who created the Federal Reserve "shell" of a a national bank which is owned by the London Rothchild banking family primarily - and the 16th Amendment and "income" tax on Americans in order to profit off of this country and its people and reinstitute British rule in the process), Theodore Roosevelt (another globalist) and Jimmy Carter (an also member of the Council on Foreign Relations responsible for the temporary halt of tensions with respect to Israel, but for which came at a huge cost once again in U.S. involvement now progressively).
Mr. Obama's is facing huge declining ratings at home due to the U.S.'s continued involved in wars now for decades on behalf of Israel and the zionist elements living within this country post World War II, whose agendas are actually diametrically opposed to what this country's roots and founders were all about.
Freedom of religion, and freedom from religious prosecution.
A nation's whose primary tenants would not support the continued involvement in a country whose primary focus is in creating and maintaining a purely Zionist state, not one in which religious differences and practices are given a whole lot of weight at all, other than by mere gesture from most of the reports.
Christians and Muslims are marginalized within the Israeli government, and their interests are and have been progressively abridged since post World War II.
In fact, there are many of the Jewish faith within Israel itself that have been marginalized due to their positions that zionism is not biblical doctrine with respect to the Jewish faith at all.
And with a war still raging unconstitutionally in this country, which was founded on non-interventionism and freedom of religion, and also nationalism and not globalism in the slightest - since we did fight a war to break free from global foreign interests and controls which were compromising this country's safety and security, and had progressively made those founders homeless and jobless in the process, this award smacks of a "bribe" for the international community's agenda once again.
To continue risking American lives, jobs and security for Europe's safety and security most of all. Especially Britain, who entered into this agreement in the first place, but has progressively shifted its wars and costs, and the security of our nation in the process progressively since World War II. That continued unholy "alliance" with Britain facilitated by FDR and Churchill has had a monstrous cost to Americans ever since.
And it appears others in the international community can also see through the political scope of this award. Since the gasps were heard throughout the room when the award was announced, from all reports.
So it does appear that some unseen force and powers that be are behind this "globally focused" organization had a hand in the outcome for political reasons.
Most likely those picking up the tab. Those British bankers, after all, who value Israel more for its real estate potential and tourism, it would appear, than anything else. And tourism is suffering in that region right now due to these continuing conflicts and interventionist policies on behalf of Israel.
This "zionist state" was Britain's creation, after all, not the United States since that Balfour Doctrine precedes World War II by literally decades.
Who appear desperate now that the United States citizens are waking up more and more to who is truly pulling the strings also of our government officials, and this sacrifice of the American people and their safety, security and livelihoods for the global agendas with respect to Israel and the Middle East in order to facilitate total global economic control for their "welfare," and the privileged few that are the elitists that have been involved in this agenda since that Wilson era.
With all the brouhaha and ballyhoo that has been the buzz on the mainstream and citizen journalism sites of the recent announcement that Barack Obama has been awarded a Nobel "peace" prize for his work in his less than one year in office to many Americans such as myself such a move comes as absolutely no surprise from this politically focused international group.
After all, global socialism is part and parcel of the entire focus of such awards, and world government control of the masses under U.N., World Bank, WHO and other internationally funded and facilitated groups outside of the sovereignty of all nations on the planet its primary and fundamentally its purpose.
What is truly surprising is the fundamental hypocricy of such a position, in that the U.S. is now is engaged in facilitating supposed "peace" through war in the Middle East on behalf of Israel most of all in our continued presence there, and also "global" corporate interests outsoucing both American jobs and industry for their cheap labor needs in the Middle East due to currency fluctuations and the world government agendas which have progressively been at work here through the globalists (mislabeled either Republican or Democrat at this point) esconced there.
But then again, the prize for the award (approximately 1.4 million) is also funded by those same European banking cartel members who were responsible for the creation of Israel in the wake of World War I under the British Balfour Doctrine.
So it appears that the "surprise" of this announcement has to do with just exactly how desperate now those "powers that be" are to now continue facilitating their agendas of world government control by pulling out all the stops.
The list of all the last U.S. presidential recipients of this award reads like a "who's who" of the European banking control and Council on Foreign Relations members which is the U.S. spinoff of their political agendas.
Woodrow Wilson (who created the Federal Reserve "shell" of a a national bank which is owned by the London Rothchild banking family primarily - and the 16th Amendment and "income" tax on Americans in order to profit off of this country and its people and reinstitute British rule in the process), Theodore Roosevelt (another globalist) and Jimmy Carter (an also member of the Council on Foreign Relations responsible for the temporary halt of tensions with respect to Israel, but for which came at a huge cost once again in U.S. involvement now progressively).
Mr. Obama's is facing huge declining ratings at home due to the U.S.'s continued involved in wars now for decades on behalf of Israel and the zionist elements living within this country post World War II, whose agendas are actually diametrically opposed to what this country's roots and founders were all about.
Freedom of religion, and freedom from religious prosecution.
A nation's whose primary tenants would not support the continued involvement in a country whose primary focus is in creating and maintaining a purely Zionist state, not one in which religious differences and practices are given a whole lot of weight at all, other than by mere gesture from most of the reports.
Christians and Muslims are marginalized within the Israeli government, and their interests are and have been progressively abridged since post World War II.
In fact, there are many of the Jewish faith within Israel itself that have been marginalized due to their positions that zionism is not biblical doctrine with respect to the Jewish faith at all.
And with a war still raging unconstitutionally in this country, which was founded on non-interventionism and freedom of religion, and also nationalism and not globalism in the slightest - since we did fight a war to break free from global foreign interests and controls which were compromising this country's safety and security, and had progressively made those founders homeless and jobless in the process, this award smacks of a "bribe" for the international community's agenda once again.
To continue risking American lives, jobs and security for Europe's safety and security most of all. Especially Britain, who entered into this agreement in the first place, but has progressively shifted its wars and costs, and the security of our nation in the process progressively since World War II. That continued unholy "alliance" with Britain facilitated by FDR and Churchill has had a monstrous cost to Americans ever since.
And it appears others in the international community can also see through the political scope of this award. Since the gasps were heard throughout the room when the award was announced, from all reports.
So it does appear that some unseen force and powers that be are behind this "globally focused" organization had a hand in the outcome for political reasons.
Most likely those picking up the tab. Those British bankers, after all, who value Israel more for its real estate potential and tourism, it would appear, than anything else. And tourism is suffering in that region right now due to these continuing conflicts and interventionist policies on behalf of Israel.
This "zionist state" was Britain's creation, after all, not the United States since that Balfour Doctrine precedes World War II by literally decades.
Who appear desperate now that the United States citizens are waking up more and more to who is truly pulling the strings also of our government officials, and this sacrifice of the American people and their safety, security and livelihoods for the global agendas with respect to Israel and the Middle East in order to facilitate total global economic control for their "welfare," and the privileged few that are the elitists that have been involved in this agenda since that Wilson era.
Labels:
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Monday, July 20, 2009
Auditing The Federal Reserve: Is A Bill Required?
FYI: For All American Conservative Constitutional Constructionists
On several of the liberty focused website there has been a great deal of buzz and announcement with respective to Ron Paul's sponsorship of a bill in order to audit the Federal Reserve. So far, I believe it has over 200 sponsors, and I guess I am perplexed with this "solution" to getting some accountability with respect to the operations of the Federal Reserve and its Board and owners.
Congress actually created the Federal Reserve under an Act of Congress called the Federal Reserve Act back in 1913. Why it would be necessary to initiate legislation in order to "audit" an entity that Congress itself created defies the imagination.
What WOULD be necessary is simply a motion made on the floor in both the House and Senate, and a roll call vote. Not a formal bill.
This actually seems again nothing more than a movement in order to quell the masses who are demanding some accountability and continued to be outraged at the goings on at our nation's capitol.
From my understanding also within the Federal Reserve Act is a provision that our government can "buy back" our economy from the Federal Reserve for a set amount.
And it is unconceivable that the members of the Senate and House Banking Committee members would not be receiving regular reports from the Fed, and also be sitting members on its Board as a government created entity.
But why a formal bill, again, to "audit" an entity that was legislatively created to begin with? This two party system is getting more and more cohesive in their spins for the populace through their PR reps it appears each and every session. Perhaps Rep. Paul's lawyers are also, as it is clear many are not, serving their functions in advising him with respect to such matters and what would be really required.
Since they are writing bills more and more that have absolutely no foundation in our Constitution, and now expanding them to over 1,000 pages in order to obviously create more and more work for themselves and thus logjam our courts even more than they already are. It appears lawyers, bar none, are the largest "welfare" recipients in this country now of all as a group in some way or another. And are primarily responsible for the hijacking of our Constitutional government, the health care now crisis, and banking mess also due to their "contracts" which are not really" "contracts" at all in the sense the founders were referring.
And this entire movement seems similar to the 10th Amendment movement. Simply another distraction and attempt to quell the masses. Since why would the states need to "reaffirm" or "resolve" their status as pre-eminent in most matters over the federal government since it is already written in stone in the Constitution to begin with?
With the exception of those unalienable Bill of Rights provisions (which cannot be "contracted away" as "unalienable" to begin with, nor "legislated" away by the states or federal government with the consent of the governed, not even by federal statute or the Supreme Court), and those specifically designated to the federal government? Just why would a redundant resolution be necessary in order to assert those already given? Ludicrous, and merely another diversionary tactic used by both levels in order to silence the outraged now masses.
I guess this is another example of where our high school American Government classes and particularly our American collegiate law schools and liberal arts programs, are again failing.

On several of the liberty focused website there has been a great deal of buzz and announcement with respective to Ron Paul's sponsorship of a bill in order to audit the Federal Reserve. So far, I believe it has over 200 sponsors, and I guess I am perplexed with this "solution" to getting some accountability with respect to the operations of the Federal Reserve and its Board and owners.
Congress actually created the Federal Reserve under an Act of Congress called the Federal Reserve Act back in 1913. Why it would be necessary to initiate legislation in order to "audit" an entity that Congress itself created defies the imagination.
What WOULD be necessary is simply a motion made on the floor in both the House and Senate, and a roll call vote. Not a formal bill.
This actually seems again nothing more than a movement in order to quell the masses who are demanding some accountability and continued to be outraged at the goings on at our nation's capitol.
From my understanding also within the Federal Reserve Act is a provision that our government can "buy back" our economy from the Federal Reserve for a set amount.
And it is unconceivable that the members of the Senate and House Banking Committee members would not be receiving regular reports from the Fed, and also be sitting members on its Board as a government created entity.
But why a formal bill, again, to "audit" an entity that was legislatively created to begin with? This two party system is getting more and more cohesive in their spins for the populace through their PR reps it appears each and every session. Perhaps Rep. Paul's lawyers are also, as it is clear many are not, serving their functions in advising him with respect to such matters and what would be really required.
Since they are writing bills more and more that have absolutely no foundation in our Constitution, and now expanding them to over 1,000 pages in order to obviously create more and more work for themselves and thus logjam our courts even more than they already are. It appears lawyers, bar none, are the largest "welfare" recipients in this country now of all as a group in some way or another. And are primarily responsible for the hijacking of our Constitutional government, the health care now crisis, and banking mess also due to their "contracts" which are not really" "contracts" at all in the sense the founders were referring.
And this entire movement seems similar to the 10th Amendment movement. Simply another distraction and attempt to quell the masses. Since why would the states need to "reaffirm" or "resolve" their status as pre-eminent in most matters over the federal government since it is already written in stone in the Constitution to begin with?
With the exception of those unalienable Bill of Rights provisions (which cannot be "contracted away" as "unalienable" to begin with, nor "legislated" away by the states or federal government with the consent of the governed, not even by federal statute or the Supreme Court), and those specifically designated to the federal government? Just why would a redundant resolution be necessary in order to assert those already given? Ludicrous, and merely another diversionary tactic used by both levels in order to silence the outraged now masses.
I guess this is another example of where our high school American Government classes and particularly our American collegiate law schools and liberal arts programs, are again failing.

Sunday, July 12, 2009
Obama: New Bob Barker for Global Price Is Right?
Due to abridgements of our Constitution regarding taxation and lending since the Wilson era, the government under Obama is actually now facilitating debt and promoting it.
Case in point: On almost every website lately there are banner headlines and "screams" of "Obama states moms should go back to school, let us help you!" Sucker ads along the lines of his recent pleas with respect to the current depression (we are now at over 16% unemployment) that we are all in this together, and need to make sacrifices in order to pull ourselves out of this governmentally created flatline.
Which scenario was also repeated at the recent axing of many long term employees of GM in also the reductions of some of their pensions in addition to their jobs, while the Mexican and Chinese plants are humming right along.
Meanwhile, of course, ordering pizza deliveries for invited guests from St. Louis, and gasing up Air Force I for a date with the Ms. in New York. Not to mention an inaugural that would have put Julius Caesar to shame, and set this nation back a pretty penny.
We are a debt-based society since Wilson, when our banking system was illegally and unlawfully hijacked and privatized under the Federal Reserve.
It is apparent that a good portion of this nation is actually clueless in the hows and whys of where we are. The Fed, after all, manipulated the first depression, and it is manipulating this one. And dictating policy, that is clear, with respect to the the war in the Middle East. They ARE, after all, European bankers for the most part that are the head honchos and owners of this public/private bank. And really have no country loyalty, after all.
And the most hypocritical thing is, unless you have a "credit" record or at least credit-worthy under the undisclosed methods which are used for compiling credit reports (your financial fingerprints), you can't get credit.
So the system is set up to encourage debt and credit. For the bankers profit, of course. Although those $1.00 notes cost less than .06 cents to print, and with online banking, actually nothing. So every note circulating is actually profit, at an enormous rate that exceeds the loan shark terms which the depression era mobsters used to charge. And the more in circulation, the more profit.
After the "bailout," it is clear Obama works for the bankers, just as Bush did and every single member of each Administration since Wilson.
Which is why apparently he is on his world tours and road trips. To promote their agendas. With carbon footprints now the size of Big Foot.
That bank bailout was nothing more than a fraud. The banks have been making money hand over fist with their usurous loans, and assundry fees and charges.
It used to be you got free glasses or a toaster when you opened a checking account. Now you get a bill and a $2.00 charge if you use an ATM anywhere but at one of their "chain" banking institutions, although they are all tied together through "ownership" by the Fed.
And while he's on the road trips hawking his spending liturgy and religion, those mortgage loans haven't changed, but the terms of those loans have since the 1970's and 1980's. Now there are few "fixed" rate loans unless your credit is platinum, and are precluded for first time new home buyers. Assumable loans, VA and FHA guaranteed loans have also gone the way of the horse and buggy.
That is clearly why all Obama's actions were directed toward refinancing or first time home buyers. Not the literally thousands that have lost theirs during this tsunami. In order to "hook" another generation for the bankers to fleece during the next economic downturn, if we ever pull out of this one without bankrupting the biblical seven generations down the road.
In fact, yesterday I saw a Bank of America commercial (which is now owned by Merrill Lynch) where they are now hawking their great mortgage loans from those sums received in the bailout at the American public's expense nationwide. Essentially it boiled down to: Come on in America, we want to loan your money back to you, and at an adjustable and usurous rate and with non-judicial or seizure and foreclosure terms just like those old loans (which terms now go so far as to dictate maintainance, upkeep, and insurance riders for most of these properties that would make Martha Stewart blush)! Oh, and by the way we need you to sign on the dotted line within 24 hours in order to "lock in" that sliding and adjustable rate (based on the European market and not even U.S. prime)!
So much for truth in advertising.

Case in point: On almost every website lately there are banner headlines and "screams" of "Obama states moms should go back to school, let us help you!" Sucker ads along the lines of his recent pleas with respect to the current depression (we are now at over 16% unemployment) that we are all in this together, and need to make sacrifices in order to pull ourselves out of this governmentally created flatline.
Which scenario was also repeated at the recent axing of many long term employees of GM in also the reductions of some of their pensions in addition to their jobs, while the Mexican and Chinese plants are humming right along.
Meanwhile, of course, ordering pizza deliveries for invited guests from St. Louis, and gasing up Air Force I for a date with the Ms. in New York. Not to mention an inaugural that would have put Julius Caesar to shame, and set this nation back a pretty penny.
We are a debt-based society since Wilson, when our banking system was illegally and unlawfully hijacked and privatized under the Federal Reserve.
It is apparent that a good portion of this nation is actually clueless in the hows and whys of where we are. The Fed, after all, manipulated the first depression, and it is manipulating this one. And dictating policy, that is clear, with respect to the the war in the Middle East. They ARE, after all, European bankers for the most part that are the head honchos and owners of this public/private bank. And really have no country loyalty, after all.
And the most hypocritical thing is, unless you have a "credit" record or at least credit-worthy under the undisclosed methods which are used for compiling credit reports (your financial fingerprints), you can't get credit.
So the system is set up to encourage debt and credit. For the bankers profit, of course. Although those $1.00 notes cost less than .06 cents to print, and with online banking, actually nothing. So every note circulating is actually profit, at an enormous rate that exceeds the loan shark terms which the depression era mobsters used to charge. And the more in circulation, the more profit.
After the "bailout," it is clear Obama works for the bankers, just as Bush did and every single member of each Administration since Wilson.
Which is why apparently he is on his world tours and road trips. To promote their agendas. With carbon footprints now the size of Big Foot.
That bank bailout was nothing more than a fraud. The banks have been making money hand over fist with their usurous loans, and assundry fees and charges.
It used to be you got free glasses or a toaster when you opened a checking account. Now you get a bill and a $2.00 charge if you use an ATM anywhere but at one of their "chain" banking institutions, although they are all tied together through "ownership" by the Fed.
And while he's on the road trips hawking his spending liturgy and religion, those mortgage loans haven't changed, but the terms of those loans have since the 1970's and 1980's. Now there are few "fixed" rate loans unless your credit is platinum, and are precluded for first time new home buyers. Assumable loans, VA and FHA guaranteed loans have also gone the way of the horse and buggy.
That is clearly why all Obama's actions were directed toward refinancing or first time home buyers. Not the literally thousands that have lost theirs during this tsunami. In order to "hook" another generation for the bankers to fleece during the next economic downturn, if we ever pull out of this one without bankrupting the biblical seven generations down the road.
In fact, yesterday I saw a Bank of America commercial (which is now owned by Merrill Lynch) where they are now hawking their great mortgage loans from those sums received in the bailout at the American public's expense nationwide. Essentially it boiled down to: Come on in America, we want to loan your money back to you, and at an adjustable and usurous rate and with non-judicial or seizure and foreclosure terms just like those old loans (which terms now go so far as to dictate maintainance, upkeep, and insurance riders for most of these properties that would make Martha Stewart blush)! Oh, and by the way we need you to sign on the dotted line within 24 hours in order to "lock in" that sliding and adjustable rate (based on the European market and not even U.S. prime)!
So much for truth in advertising.

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