Washington Drama: Government Shutdown?

It has been widely reported in the mainstream media that both political parties are at an impasse in their attempts to "balance" the U.S. budget and our out of control deficits.

The question is, why is this so?

Left out of all those budget talks and negotiations are the real issues and reasons why there even is this claimed budget crisis, and with the creation of the Federal Reserve illegally after the crash on Wall Street and run on the banks in this country during the "Greater Depression" even how it would be possible given that fiat currency was created in order to avoid such a crisis in the first place.
Interesting facts also have been left out of these "talks," and the political posturing.

Such as the fact that our budget could be easily balanced by simply returning to a more accurate method of reporting.

Here are some facts that just might open the public's eyes to what has really been left out:

1. Offsetting our deficits to China, India and Mexico with the number of jobs which have been created for their citizens, and the amount of goods and services which have been outsourced to them progressively throughout the past several decades.
2. Offsetting our deficits with the wealth that foreigners now possess in U.S. industry, our gold and oil reserves, prime residential and commercial real estate, and even our ports.

3. Offsetting our deficits with the dollars now spent in order to continue progressively to defend and protect the "global good" rather than our country's true defense and self-interests and our out of control military budgets while our own country's back doors and shores are becoming less and less secure also by the day, week and month.

4. Offsetting our deficits with the amount of dollars poured into foreign aid to countries now in better financial position than our own, such as Israel, Great Britain (currency is still over ours), Canada - in fact, the entire European Union and most countries for which we have poured literally trillions over the course of years in foreign aid due to their "lobbyists."

5. Offsetting the amount of monies which are poured into global and foreign based pharmaceutical companies and their products and services, whose wealth is gained by now bypassing cures for various diseases of Americans in favor of instead treating the symptoms in order to support the global economy, while then also pouring more and more dollars into research without using some of the cures which have already been discovered.

So while tuning in and listening to the talking heads who also make their livings by reporting on the latest Washington theatrics and crisis, it does seems more and more Americans are asking one simple question...

Why?

The Austin Incident: A Desperate American Taking Desperate Measures?

In reading now all the news reports on the recent suicide crash of a man into a Texas office building housing the Internal Revenue Service, this act of desperation as is clear from his written messages prior to the incident is once again being spun by the media for public consumption.

This country is now in the worst recession/depression since the Great Depression prior to World War II. Many, many individuals are losing their homes, while watching a Congress and their state and local government continue to pass bill after bill supporting industry and the financial sector and Wall Street in additional taxation and/or an increasing deficit and its inflation taxes stripping them even more of their hard earned dollars - a dollar which is now at its lowest level ever against the foreign currency of most of the industrialized world with the exception of maybe Mexico.

Even the Southern Poverty Law Institute, that lawyer lead group that has been involved in facilitating actually more and more outsourcing of jobs and U.S. labor in focusing more and more on the "rights" of even non-Americans got into the Act, although claiming this didn't appear to be a "right wing extremist" attack, or an act of terrorism.

A group, by the way, that I wouldn't hesitate to guess is receiving federal funding and grant monies courtesy of the U.S. taxpayers as an "educational" institute, while bringing lawsuit after lawsuit against Americans protecting the "rights" of non-Americans indiscriminantly in a great many instances.

Hello? Has this group which is so left leaning it is off the map ever studied U.S. history and the amount of Americans, in their desperation, either committed suicide after they were left homeless, jobless and after losing all they had after the first banker manipulated depression in this country, or were so adversely impacted they ended up destitute and more than a few of which were institutionalized or incarcerated due to such acts of desperation?

So many are rushing to judgement, and I am not defending this individual or his actions in the slightest, although many are reaching in their judgement as far as asking such questions as:

a) Why didn't this individual file simply for bankruptcy; or

b) Why didn't he simply go to one of those corporate entities that assist Americans with heavy tax bills?

I for one, as one who has also been fundamentally affect due to the progressive policies of both Washington and my former home state's government can tell you that filing a bankruptcy in this country after the heavy lobbying once again of the financial sector is no easy matter, nor is it without cost in most instances.

And a "restructuring" due to its complications now also actually takes the assistance of a lawyers, lawyers who want to be paid in advance for their services, although the very reason such an individual would seek out their assistance is because they are "bankrupt."

Should it take paying a corporate concern to act as an intermediary in this country on tax issues in order to deal with this out of control agency, as has been the case for many an American after the "quick" and "speedy" passage of the 16th Amendment, along with the 17th and Federal Reserve Act which has progressively taken us more and more into global corporate socialism?

Due to the many complaints of the public in the past, Congress's solution was to again expand government and create another agency, the Taxpayer Advocacy office, to assist delinquent taxpayers, however, it appears this solution also was no solution at all. Instead of more closing monitoring this agency and their practices itself.

Now in addition to simply seeking payment for any and all delinquent taxes which are due, this agency has so many levels of "punishments" piled on to some of those taxes that the fines, fees and penalties many times exceed the actual tax due.

Did those founding fathers intend that the tax laws in this country were to be favorable to the government as a profit making venture, or simply in order to pay the actual costs of those duties and functions for which the federal (and state) governments were responsible?

We all know at this point that there are so many "outside" benefactors now due to special interest lobbying and greed in using our government in order to bulk up their profits and reduce their risks and losses at the public's expense after the illegal creation of "corporate person-hood" as another party to the Constitution way back when by a rogue Supreme Court ruling.

Or at least most of those even minimally political aware individuals in this country are. At least with respect to being negligent in its true duties and functions in actually regulating commerce, especially those national and global concerns, operating in the United States in order to protect those Bill of Rights protections which were meant to prohibit much of what is occurring today. Not give "property" a voice in government, or unequal "privileges or immunities" under the common law which existed when this nation was founded.

And especially not extending any Bill of Rights protections.

I don't know what lead this man to react and do what he did, but it appears due to the tenor of much of his notes and state of mind at the time, this truly was a desperate American taking a most desperate measure, and also lost his life in the process.

And I fear that as this recessionary depression, unfortunately, we just may see more and more of such occurrences happening, until our leaders start honoring their true job functions and public service positions rather than seeking re-election from the very moment that they first run for office.

Mr. Obama is now traveling the nation on behalf of those Democrats now running for office, when there are so many, many Americans still being left homeless and jobless, and while the economy in this country continues to tank.

What a tragedy, and truly appears to me could have been avoided from the rather cryptic reports at this point, and have no idea of truly just what transpired that lead this man to such lengths, but it is clear that in carrying out such a desperate act, there is something rotten in an America that such an event could ever have taken place.

We are paying untold fortunes to protect now most of our governmental officials and buildings, and since a great deal of our legislation now is actually focused more and more in removing Americans "unalienable" or "God given" rights, is it any wonder that such occurrences now are happening more and more, instead of less and less?

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.

California's Budgetary Morass: What A Spin!

It was reported in the mainstream media that a solution to the California budgetary crisis is expected by Sunday. Apparently, there has been some concern in the Golden State due to the fact that it has been reported that some of the banks are refusing the IOUs which have been issued in order to fund governmental contractors which have not been paid due to this crisis.

And it is clear this is no more than a P.T. Barnum spectacle in order to gain more and more leverage with the California residents in the mess that has occurred due to that states progressive liberalism over the years.

Since California most of all, due to the continuing war in the Middle East, should be in the black and not the red at all if they were utilizing those public sums primarily for the state government's true Constitutional functions, rather than also funding special interests primarily with grant monies and no-bid contracts as occurs throughout the nation now in the corruption in state and municipal governments.

After all, Silicon Valley is the largest producer of all the now high tech security devices that are being installed throughout the nation, and one of the largest holder of federal contracts for technology needs in this continuing war, and are huge mega holders of U.S. government contracts.

And I wonder if this is actually the case, why the Hollywood elite have not thought of having their own benefit for the State of California instead of the next AIDS or PETA benefit.

Most of them due to their wealth and global holdings could float the state for a number of years if they were taxed at the rate the middle class actually is, or even the lower income workers - rather than having access to their offshore accounts, and tax attorneys who work the "privileges and immunities" on capital gains so well for all of them for their shell corporations, and trust accounts. Rather than being taxed on the truth "worth" of their holdings or "property."

And California is primarily a liberal Democratic state or "blue" state, yet many of whose individuals are the direct beneficiaries of the claimed Republican favoritism for the wealthy on those capital gains benies. Go figure.

In fact, while many of the people throughout the country are now facing homelessness and joblessness in increasing numbers, I read an article this week that David Arquette is planning on holding a sit in for the global Food for the Hungry in New York shortly in order to raise a few million in order to feed those living in third world countries.

I wonder if he has visited his local Los Angeles soup kitchen lately, since the class of individuals now is including the former middle class in increasing numbers.

Or why he didn't simply write a check from his own excess wealth instead of using it for a PR stunt and in order to "socialize" the donations for a cause in which he individually supports and believes? He could donate his own wealth and it would take care of quite a number, I would suspect. Or maybe the sums he pays to his tax accountant.

It was also interesting to note that California is not a right to work state, so many of the California public employees are outraged since they now feel they are being victimized by this also "budget crisis." Since they are state employees and public servants, I wonder where in the California or U.S. Constitution it gives public employees the right to "unionize" in order to gain more taxpayer sums for themselves? The Service Employees International Union (SEIU) is also playing politics with the issue (and just what other citizens in other countries does this U.S. "corporate" union claim it represents?)

Municipalities are nothing more than "state actors" for the states themselves, so this is truly confusing that state employees would be allowed to unionize to get more of the taxpayer bite to begin with.

Although the CPI and statistical data published by the U.S. Department of Labor is a joke in and of itself (artificially concocted due to the fact that most union contracts and salary increases are tied in directly to the CPI, so there is some also "creative accounting" on those figures that bear no actual relevance to the true increases in costs for many products and services), teacher's salaries have gone up at three and four times the rates of inflation, as have several other of the public service occupations.

And with California also primarily one in which there is an additional layer of government in most newer suburban areas in the form of homeowners associations collecting taxes for former municipal services such as street repairs, street lighting and such, just wonder where all that revenue that the state has collected truly has gone? Since they are collecting more revenue, but providing less each and every year and transferring those costs back onto the public in those "socialized" land ownership communities.

If they are under "balanced budgets" initiatives, just how are they also then entering into multi-year contracts then with developers and other government contractors to begin with? How is that "legally" possible?

Sounds more like the classic case of fiscal mismanagement and misappropriation of funds is the true root of California's claimed budgetary woes. And maybe a few too many of those Sacramento pow-wows and state benefits given to the likes of the Donald Trumps & Co. at the state resident's expense for the global tourism industry and U.S. Chambers agendas in turning the U.S. into nothing more than a tourist attraction and investment opportunity for foreigners.

All at the cost of their fellow countrymen and their jobs and earned and owned "property" for their global monopolies and executives and fellow "corporate" brothers and subsidiaries benefit packages in the process at the price of the small businessesmen and any and all emerging American entrepreneurs due to their strangleholds now on the market due to favoritism and their "greased palms" political connections.

The delusion goes on. And nowhere more than the home of the "OC," "Desperate Housewives," and "Californication."

That state is a world unto itself, whose delusion and fantasy extend far beyond Disneyland.

Geithner Puts Smiley Face On Global Economy: U.S. Economy Another Story

Timothy Geithner, the magician and "jack of all trades, master of none," now acting as trustee for the American people on the bank bailouts, AIG foreign corporate bailout, and automakers bailouts (with California whining in the wings) recently met with Chinese officials and predicted that the global recession "seemed to be losing force."

Of course, this has come at the cost of selling off shares of U.S. major businesses and industries to the global market, in order to "stabilize" the global economy, in effect further continuing to destroy our own.

That's the downside of corporate globalization and Washington's "hands off" approaches and collusion in socializing the U.S. economy, rather than protecting American interests and effectively regulating corporate mergers, acquisitions and any "outsourced" offshore expansions.

Saving a British based insurer, AIG, and selling off parts of the automobile manufacturer which until not too recently was responsible for 3% of the United States GNP apparently is not too steep a price to pay for Mr. Geithner to continue to equalize the global scales, while those in Detroit are eating pork and beans, yet the AIG executives were entitled to stress breaks at one of California's four star resorts.

The Chinese, of course, got their bite of the apple in the reported sale of the GM Hummer Division to a Chinese concern. Apparently so did the Canadians with protection of their union Teacher's Pension and Mexico, from all reports.

This, of course, is in addition to all that labor and the export imbalance due to the Chinese providing a great deal of the manufactured goods here in the United States for one of the major retail chains, Wal-Mart, whose wealth if it were one of the countries in the now "global community" would place it fifth in GNP.

He also apparently reassured the Chinese that the debt that has been amassed during this trade in assets is fundamentally secured due to the United State's "liquid" financial markets.

It appears the liquid Mr. Geithner might be referring to would be that of mercury - "now you see it, now you don't."

So, although we may owe the Chinese government a great deal of debt on paper, exactly how DID they accumulate all that wealth to begin with?

I hope Mr. Geithner gets around to answering that question, when he has time and a break from shuffling all these country's assets around, before he eventually ends up selling off some of our prime real estate, such as the Grand Canyon or Redwood National Forest.

By the way, did I mention according to the article, Mr. Geithner's father worked in China, and is a former employee of the Ford Foundation?

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