"One if by Land and the Lantern is Lit..."
** Doing What the Multi-Billion Dollar Media Won't do **
The Truth will set you free. . . But only if You share it!
It's not about Republican or Democrat, Conservative or Liberal, Right or Left it's about Right and Wrong especially if
it deviates from the Constitution of these united States of America, which includes the Bill of Rights, of which this
country was founded. This is a Government Of, By and For the People. They work for us, The People, and are duly sworn to uphold all
articles of the Constitution. "To preserve, protect and defend the Constitution against all enemies, foreign and domestic."
The people have a duty and obligation to stay informed and keep watch over their government however if they are fed misleading or
incorrect information, by those who would then profit from those lies, then what's a person to do? You need to search out and read
the real news here and from real news sites.
Remember, public awareness drives public opinion.
"Let us learn the truth and spread it as far and wide as our circumstances allow. For the truth is the greatest weapon we have."
-- Congressman Ron Paul
A Quick Overview of the Stinking Financial Mess
House of Representatives Terrorized with Threat of Martial Law Nationwide unless they Pass Bailout -
It just passed despite 90+% of the public was Against this Massive Giveaway to the Crooks that caused the problem.
CONgress is supposed to fulfill the will of the people. The phone calls and emails were overwhelmingly against this giveaway.
The house had to throttle the emails coming in and actually had to shut down the phone system earlier this week.
Billions for the bankers, The bill for the people. Bend over and take it. Inflation is your destiny now that we are under Authoritarian
Capitalism - That of the corporations and banks, in other words it is called Fascism. This bailout of now $850 Billion dollars has
a name of: Troubled Asset Relief Program bill (TARP) but I have a better name: Securitized Housing Investment Trust (SHIT).
Not one penny goes to main street or loans or anything that the public has been told thus far by Obama, Bush, McCain, Paulson or anyone else
trying to sell this pile of crap to the American public. This $700 $850 Billion Bailout package is aimed solely at the froth on
Wall St., the speculators on Wall St., the nonproductive people on Wall St., the certifiably smart masters of the universe like secretary
of the treasury Henry Paulson who created these financial weapons of mass destruction
(Derivatives). This is all about protecting foreign creditors like the peoples republic of China. It has nothing to do with the underlying
problems like housing.
"Hundreds of billions of dollars are going to bail out FOREIGN
INVESTORS. They know it, they demanded it, and the bill has
been carefully written to make sure that can happen."
-- Brad Sherman, D-California
"The liberty of a democracy is not safe if the people tolerate
the growth of private power to the point where it becomes
stronger than the democratic state itself. That in its essence
is fascism — ownership of government by an individual, by a
group or any controlling private power."
-- Franklin D. Roosevelt
Note: The real BIG problem with our current situation is that the bush admin has committed so many treasonous
actions in the past 7+ years and they cannot allow themselves to leave office. If they ever do then they instantly
will be held to actionable account for their transgressions against the people. They know this -- The entire "election" is
a farce and charade with these wannabes in the race. These 4 people are the best we can find in the 300+ Million people in the U.S.?
There is so much dirt on them all that little chance it will never happen.
Now with all the purposely created economic problems, that were no surprise to anyone with their eyes open, they have been
robbing the country and your future this whole time and have now imploded the economy with the results of their massive thieving
and transfers of the public wealth to themselves.
Update: Wall Street Should Be Looking for Bail, Not a Bailout. Forget all this scare and fear based emotional tactics.
There is nothing sudden and unknown about this problem. The warnings have been here and many other true news sites, for years.
Ron Paul along with many other economists have been warning about the unrestrained and irresponsible spending and deficits for years also.
America has been spending like a druken sailor with absolutely no regard for the future implications. This handout is just more knee-jerk
reactions with grave implications to the future of the dollar.
Regarding how fundamentally sound our economy was just weeks ago: our leaders are implying that they were either too
stupid to know what has been building up for years, or they are liars. Certainly, any pleas of stupidity remain solidly
backed up by actions. But even more fundamentally, these people are liars, always have been, always will be.
Before any money is handed out, let's determine exactly
just what the problem is, how it happened and just who is responsible for it. Only then can you make a true decision
about what to do. As you will see in the following essay, all pieces were laid in place - many years old regulations
were decimated - then they just let the greed of speculators, brokers and banks run loose with their gambling writ large. This was allowed
to procede for a few years, getting bigger and bigger until it was a monster many times bigger than the
entire value of the world. Derivatives. . . They are the multi trillion pound gorilla in the living room.
A basic premise with the current funding proposals is that it will help to prop up the housing prices. But this is just a
temporary band aid which will merely forestall the inevitable further collapse. They cannot prop up the prices because it was an
unsustainable bubble and it was deliberately allowed to happen. They only mean to stablize things until the election, after that
all bets are off. The looming problem is that prices will drop much farther than where they started the ascent because of the massive long term damage done.
After the dot com bubble and 911 the gov needed something to get the money flowing again so they lowered the rates to record levels
and created an artificial stimulation -- massive amounts of easy money at low rates and no docs. Like leaving the keys in the car,
someone is going to take it and drive away. "Go out and spend" said the president and people did. They lived high on the hog with
refi's and new suv's, boats etc.. The problem is that it all had to be payed back sometime in the future. Many of us did not fall for
it and looked at those that did as total fools.
In many areas, house prices climbed way out of the average persons ability to ever be able to pay it but many stupidly thought that it was going to
go up forever. Prices in California reached $570,000 median where they were only $170,000 in 1999. That is a bubble. At the peak, ones monthly
payment using normal loan docs, would be about $4,500 a month. That is much higher that the average person is able to pay. Simple fact, common sense.
"Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill
has been carefully written to make sure that can happen."
- Brad Sherman , D-California
The Government has gone too far with all these open-ended
bailouts which are tantamount to rewarding the foxes Jackals for guarding the hen house after they ate all the chickens. Wall St.
gamblers made all the risky bets in an unregulated setting, thanks primarily to Phil Gramm, Robert Rubin and others, while the taxpayer is going
to be stuck with the cost. We are not the ones responsible for this. Those that are should all go bankrupt, that is how
the market should operate. Here is Ron Paul You're Going To Destroy A Worldwide Economy! video,
and Rep Kaptur on Let's Play "Wallstreet Bailout" The Rules Are... video,
and here is Devvy Kidd on the mess Bailouts: the wound that will keep on hemorrhaging.
In the wake of last week's financial meltdown, Sen. John McCain (R-AZ) has been calling for more regulation and
criticizing lax oversight of Wall Street, despite the fact
that he and former senator Phil Gramm passed much of the
deregulatory reforms that led to the current crisis.
Interviewed on CBS today, however, McCain said he does not “regret” championing the deregulation of Wall Street.
John McCain: Economic Disaster. Now this does not promote Obama because his
economic advisor is Robert Rubin, the same guy that helped push deregulation in 1999. God help us all.
And this: How SEC Regulatory Exemptions Helped Lead to Collapse -
"The current excess leverage now unwinding was the result of a purposeful SEC exemption given to five firms. Who were
the five that received this special exemption? You won't be surprised to learn that they were Goldman, Merrill, Lehman,
Bear Stearns, and Morgan Stanley. You read that right -- the events of the past year are not a mere accident, but are
the results of a conscious and willful SEC decision to allow these firms to legally violate existing net capital rules
that, in the past 30 years, had limited broker dealers debt-to-net capital ratio to 12-to-1. Instead, the 2004 exemption
-- given only to 5 firms -- allowed them to lever up 30 and even 40 to 1." Fannie Mae and Freddie Mac were at 80 to 1 when they failed.
Another factor is that many large entities have been engaging in illegal "naked short selling" for a number of years. The SEC has not been
enforcing these type trades. The damage that this has wrought is that any big company can drive down the price of another company by shorting them.
Once squashed, then the instigating company comes in and buys them up for pennies on the dollar. Now, shorts are OK but they must either own or
borrow the shares prior to the short. The illegal "Naked" part means that the shares have Not been acquired before the short. This has allowed short trades
to be much bigger that they ever could have been with little downside to the seller. This has literally caused massive blood baths on wall st.
The so called big 5, led by goldman saks, have been eating up the market and recently they have been eating each other and the other banks.
This is why the recent short sale restrictions were instated however they appear to have not been enforced. When Wamu went down, on it's last day there were
still, I believe, 335 Million short positions on them out of 1.7 billion total shares outstanding. They were deliberately destroyed.
Now to find out just who had those smoking gun short positions...
With the kindling all in place, similar to leaving the keys in all the cars wherein the penny ante crooks just had to drive them off the lot and
strip them down, those in control of the fed, treasury and sec then lit the match. The SEC annulled the "Up Tick" rule in 2007. This has been
in place for many years to prevent a continual landslide of share prices by requiring an Uptick before a short can go in. So now we have a
bonfire, raging in ferocity, burning up the carcasses of the weak, they make it into a barbecue at the taxpayers tab.
The stage was set, in previous years, and it was allowed to boil up to a festering mess. Everyone was assured by Bernanke, Paulson, Bush
and others, for the past several months, that it was all under control. All the while they had
the Massive Bailout plan drawn up months ago. That's right,
this scheme was drawn up months before and adjusted over the weeks as these immoral vultures waited until just the right time to spring the trap.
The original plan was 2,300 pages and how very convenient that it all just happens to come to a head ten days before Congress is about to adjourn for the year.
Dire warnings of Armageddon and Meltdowns with just a few days to read and understand the whole thing and no time to use common sense.
The latest version had many revisions and was dumped onto Congress. Now it turns out that Pelosi invoked "martial law" rules on the house.
"Under “martial law,”
the Leadership can file legislation with tens or hundreds of pages of fine print and move
immediately to debate and votes on it, before Members of Congress, the media, or the public have an opportunity to
understand fully what provisions have been altered or inserted into the legislation behind closed doors." It is a literal bums rush.
"Washington’s bail outs are “socialism for the rich, the
well connected and Wall Street; it is the continuation of a corrupt
system where profits are privatized and losses are socialized."
-- Professor Nouriel Roubini
Meanwhile, the vultures are swarming:
Giuliani's law firm seeking bailout business.
"Among those who could make money are hedge funds, private equity firms and bankers, not to mention legions of accountants, financial consultants and law firms such as Bracewell & Giuliani".
These are the very type of creatures that got us all into this mess. These despicable criminals need jail time and not further profits on the taxpayers back.
So what are the costs? Almost certainly: Higher taxes, Higher interest rates on government debt,
Bigger government deficits and a devalued dollar which means more inflation. Sept. 17, 08 the cost was $900 Billion dollars and the next day
the plan was to add $700 Billion dollars to that, and that is just the tip of the iceberg. It's Like A Fix For A Junkie!,
they are only going to want more! Once defaults spiral out of control we are likely to see the implosion of the $65 Trillion Credit Default
Swaps market.
Most people think that the proposed bailout will cost $700 billion. In fact, it is not limited to $700 big ones, and
will probably go much higher. Specifically, Paulson's draft bailout plans says:
"The Secretary’s authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000
outstanding at any one time." At any one time...
"Marc Faber, managing director of Marc Faber Ltd. in Hong Kong, said the U.S. government's rescue package for the financial system may
require as much as $5 trillion, seven times the amount Treasury Secretary Henry Paulson has requested."
Most people who follow these matters would trust Faber's assessment way over Paulson's. In his latest blog entry,
economist Nouriel Roubini said that "no professional economist was consulted by Congress or invited to present his/her
views at the Congressional hearings on the Treasury rescue plan." Roubini added:
"The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt
relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And
the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a
systemic meltdown."
Roubini is right on all counts. So far, more than a 190 prominent economists have urged Congress not to pass the $700
bailout bill. There is growing consensus that the so-called "rescue package" does not address the central economic
issues and has the potential to make a bad situation even worse.
"All Hail Caesar Paulson!" The days of the republic are over. Section 8 of the proposed legislation says it all:
"Decisions by the Secretary
pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of
law or any administrative agency." That is complete Tyranny.
As for how they came up with the $700 Billion figure: "It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday.
"We just wanted to choose a really large number.".
Just where is this "money" for these unconstitutional loans going to materialize from? As I write this, the
people's treasury is now overdrawn just under $9.8 TRILLION dollars, but Congress is going to write more hot checks for
BILLIONS of "dollars"? Can you see a pattern here of no end in sight for bail outs and money transfers for the elites largess?
In short, the so-called "mother of all bailouts," which will transfer $700 billion taxpayer dollars to purchase the
distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and
ungovernable by the People's duly sworn representatives. All decision-making power will be consolidated into the
Executive Branch - who, we remind you, will have the incentive to act upon this privilege as quickly as possible, before
they leave office. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping
the outlay, and no fundamental means of holding those who fail to do so accountable.
Remember, if these "assets" had any value then the market would buy them up but they are essentially worthless. So the
working public gets stuck with only the trash, at the asked for full price, while those that were instrumental in pulling off
this massive swindle get the rewards.
What kind of bozos are running this country? America can't even manage it's huge annual deficits which are actually
much bigger than stated with off-the-book accounting. The 'official' national debt is nearly $10 trillion. The
entitlements programs over the next few decades are in deficit by up to $71 trillion (in present day dollars), the Iraq
War is expected to cost taxpayers a total of over $3 trillion while $3.3 trillion is missing from the pentagon plus
another $3.4 trillion-off the books-debt (for 06 & 07 only) and another $3 trillion is needed to repair the nation's
infrastructure. And now taxpayers are on the hook for the mistakes of the world's largest insurance and mortgage
companies and the worst junk held by the financial industry while those responsible have and continue to rake in
billions in bonuses? The Fed has already loaned the banks over $1 trillion! Good God. This is indeed America's Financial
Apocalypse unfolding before your very eyes.
And thats the bright side of things. The potential downside is if the creditor countries - China, Japan, Saudi Arabia, Russia etc. - say we
have had enough and they start dumping their dollar holdings into another currency like the euro, then it is doomsday for us. Indeed, China is already
talking about that very thing this past week. It only takes one big guy to start the run and then all you have saved for, all your life, will
be evaporated in no time as a very real Weimar style inflation takes hold. Too late:
China has asked domestic banks to stop lending
to U.S. financial institutions, to prevent losses.
Asia Needs Deal to Prevent Panic Selling of U.S. Debt
Inflation is the hidden tax that we are all increasingly living with
since 1913. That is when the unconstitutional and privately held Federal Reserve was instituted in the dead of night on Dec 24 near midnight
when all of congress was at home except a very few crooked fools. The dollar has lost over 97% of its value since that infamous date. If we had
real constitutional money, as set forth by the founders of this country, then its a sure bet we would be much more prosperous without the
looming default of the dollar.
A mere 4% CPI compounded for just 10 years is a whopping 48% increase of prices on consumables, energy etc. If this bill goes through, then it
has been estimated that the CPI will shoot up to 15%, or higher, for a number of years. At the 15% rate, for only 3 years, the increase will be 52%. Conversely
your dollar value will go down by the difference.
You have one chance and one chance only to stop this disaster. This is an election year. Call
every single incumbent you can, and tell them you will not be forced to pay for other
people's reckless mistakes, nor will you vote for anyone who dare suggests that we be forced to pay for other peoples' reckless mistakes.
Then get on every BBS, message board, and blog you can and urge others to do the same. If there was ever a time to be "Mad as hell,
and I'm not going to take it any more", this is it.
"If the American people ever allow the banks to control the
issuance of their currency, first by inflation, and then by
deflation, the banks and corporations that will grow up around
them will deprive the people of all property, until their
children wake up homeless on the continent their fathers
conquered. The issuing power of money should be taken from
banks and restored to Congress and the people to whom it
belongs. I sincerely believe the banking institutions having
the issuing power of money, are more dangerous to liberty than
standing armies."
-- Thomas Jefferson
This government of the U.S. is more than totally broke. As David Walker of the GAO tells here and as I have shown on
this website for over five years, we are all in a heap of trouble because of the Bush policies of diverting funds which
were to pay off "future obligations."
These obligations were $72 Trillion in 2004 and it has only gotten much worse. In 2004 it was beyond control, Now the American public are just starting to see
what the reckless actions of the government have done. One way to fix it then, was to "Raise income taxes by two-thirds, immediately and forever."
Now, in 2008, it is bailouts. That means that they are laying all the greed, corruption and reckless bets of Wall Street onto the public.
You will be paying for all this while the few elite took their multi millions in bonuses and ran off smiling last December.
This was a continuation of Clintons raiding the SS trust fund before him. And that
is just for Social Security and Medicare. There are other debts accumulating.. Ron Paul is the only person that has been
sounding the warning in CONgress for over 30 years, increasingly so especially during the past 5 years, about this
problem, apparently to deaf ears while the media has been very silent on this matter till now.
"Despite the long-term damage to the economy inflicted by the government's interference in the housing market, the
government's policy of diverting capital to other uses creates a short-term boom in housing. Like all
artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will
experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss.
These losses will be greater than they would have otherwise been had government policy not actively encouraged
over-investment in housing. Perhaps the Federal Reserve can stave off the day of reckoning by purchasing GSE debt and
pumping liquidity into the housing market, but this cannot hold off the inevitable drop in the housing market forever.
In fact, postponing the necessary, but painful market corrections will only deepen the inevitable fall. The more people
invested in the market, the greater the effects across the economy when the bubble bursts."
-- Ron Paul September 10, 2003 - Foretelling the future crisis
2007
September 18 50 4.75
October 31 25 4.50
December 11 25 4.25
2008
January 22 75 3.50
January 30 50 3.00
March 18 75 2.25
Notice (on the chart above) that value of the dollar falls each time the Fed cuts its interest rate, actually it starts
falling just prior on the news that the cut is about to go in. This is a direct cause and effect tantamount to throwing
fuel to the inflationary fire which just makes conditions much worse. The latest and most devastating fall happened
toward the end of February on the mere news that there was going to be another cut.
On top of this they keep adding massive infusions of cash to the market in order to bail out only those most crooked
bankers and investors that have gamed the system the most. They gambled with a leverage/margin of normally 12 to 1 but
Bear Stearns is reported to be in there for over 30 to 1. Fannie Mae and Freddie Mac were at 80 to 1 when they failed.
The problem gets much worse, when they bundle and create SIVs
and CDS' there is a further leverage of leveraged assets. This means that others down the line leverage a multiple times the original multiple.
Then they were sold off again and more leverage ensues. In 2005 there were
about $70 Trillion in derivatives with leverage reported to be 712 to 1 average. The latest is there are $516 Trillion
$1,016 Trillion in derivatives out there. That is 10 20 times the GDP of the entire world. It is far beyond totally absurd.
This is tantamount to an upside down pyramid with a a subprime mortgage held by a dishwasher at the very bottom, holding it all up.
These bailouts and infusions, to prop up the fraudulent system, come out of thin air in that they just print more money but the direct effect is just adding more water
to an already watered down dollar. They are not only prolonging the inevitable fall of these crooks on wall street but
they are rewarding them with our money. It was their gamble and they should lose and go to jail for their reckless
actions. Additionally, those in the Treasury, Fed and SEC should all be held to account for setting this all up... to fail.
By mid 2004, for me and many others, it has been red alert for the impending crisis knowing that the longer it dragged
on the bigger it was going to be.
It was reported here and many other places that this was going to be the end result of the feds actions of
lowering the interest rate all the way down to 1%. This was done to give an "artificial prosperity" to keep the people
happy and kick the already boiling financial mess down the road, they hoped till 2009 for the next president to deal
with.
"The taxes cannot be raised much more, so they can go out and borrow money....So then, they go and spend the money, and,
lo and behold, there is not enough money to borrow and not enough tax money to go around, so they have to have one more
vehicle, and that is the Federal Reserve, and with a computer they can turn a switch and create a billion or $10 billion
in a single day and that debases the currency. It diminishes the value of the money and alters interest rates and causes
so much mischief, that, if people are concerned about the economy or their standard of living or rising costs of living,
this is the source of the problem." Congressman Ron Paul, Congressional Record, April 28, 1997, page H-1902, Federal
Reserve Has Monopoly Over Money and Credit in the U.S.
As currency traders react to each new injection of liquidity and the lowering of US interest rates, the dollar keeps
losing value. It lost 1% this past week (March 2008) compared to the Euro. It has gone down 6% in the past month, 17% in the last
year, and a whopping 31% since late 2005. The Fed should stop cutting rates, which would end that decline.
Our major creditors do not want the weak dollar and thus dump it increasingly. Most intelligent people can see this
relationship however the guy that has his hand on the "money eject button" seems to either not have a clue or is deliberately doing
this to destroy the dollar and your future. Neither of which is a good thing thus Bernanke is just too dangerous to be
allowed to be where he is and do what he is doing. He is quite literally "a weapon of mass destruction."
Now a true free market would have crashed and recovered back in 2004 or so but this is not one of those. To the
consternation of those that thought they were in the know and on top of it all is the fact that there is a thing called
the "Presidents working group on financial markets" - PWG. This is the infamous Plunge Protection Team that was created
just after the 1987 crash. It purpose was to prevent that type of thing from happening again.
Well they have been using it to come in and buy up the market thus boosting prices of those stocks that were sinking and
make it appear that happy times are here again, over and over... Did you ever wonder why banks and financial institutions
were the ones that benefited the most after the last several 3-400 point crashes? Why would anyone be jumping into something
that was all bad news, then the next day the market is up 300. Furthermore, a not well understood result of this is that the
Government now owns a major amount of those stocks that it propped up in the past. So now they cannot allow them to go
down and will do anything to continue this farce and that includes printing money and is the reason for helicopter ben
(Bernanke) to arrive on the scene.
The problem, as it has always been is that all money (National Debt., Wars, excess spending..) has to be
paid back eventually. If they just keep printing it then that dilutes YOUR money and causes inflation which lags for an
amount of time, but it will catch up eventually. Their debts will be left for YOU to pay them back. How they will make
you do that is to destroy everyone except for the mega rich, through extreme inflation -- boom/bust cycles, and then take
their assets for pennies. The bust is in process.
The 1929 crash and depression was similar but different in the way that it was Deflationary because the fed deliberately
pulled the money from the public supply and made cash very sparse. No one had any money and no one could pay anyone and
everything just crashed. Now heli ben (ben from hell?) seems to think that he is studied in the great depression and he states "He will
never allow that to happen again." Thus his intentions to throw money at the problem -- The one that they created in
the first place -- but this one will be an Inflationary depression... if not
Hyperinflationary Depression.
I do not want to blame this all on Bernanke because, his predecessor, Greenspan laid the perfect foundation of disaster for him.
In 1999, Clinton, Phil Gramm and Greenspan pushed through the
Gramm/Leach/Bliley act,
a historic banking deregulation bill that decimated Depression-era firewalls between commercial banks, investment banks,
insurance companies, and securities firms — setting off a wave of merger mania. This acts purpose was to kill the 1933 Glass-Steagal act
also called the FDR Federal Banking act. It was instituted at the height of the Great Depression to prevent any funny investing by the
banks of their meagre 10%, or much less, assets. By killing it the banks and large financial institutions
have been free to play the derivatives game to reckless abandon. Just so you know who to blame:
Money and Votes in Congress Over Gramm-Leach-Bliley Deregulation.
Additionally, by lowering the interest rate well below the real CPI/Inflation rate the central bank is helping securities firms while
delaying and deepening a bear market and recession. The long term consequences will be devastating for the dollar. Our
status of the worlds reserve currency is pretty much kaput when we are borrowing nearly $3 Billion dollars a day to
fund our extreme expenditures. The creditor nations are just plain tired of funding our reckless spending for illegal
wars, attacking other innocent nations that just happen to be sitting on tons of oil.
Iraq has now cost over $3 Trillion
with a long term cost at upto $5 Trillion
if we were to leave now. We are now running over $600 Billion in deficits a
year with nearly a Trillion in military spending a year, more than the military spending of all other countries in the
world combined. There is an old saying "when in a hole, Stop digging." Instead they have accelerated the digging to an
extreme rate. The Oil connected War Profiteers in the Bush admin are
destroying America with this spending.
For a real shocker, according to a
military budget document FY2007,
on page 69, there were "Total Liabilities Not Covered by Budgetary Resources" of (1,639,720.6) 2007, (1,614,144.3) 2006.
That is over $3.2 Trillion dollars that is kept off the books because it was not funded, yet it was spent!
"The Department expects to receive the necessary budgetary resources to cover these liabilities in future budget years."
In other words, You will Pay for it but you do not know about it because it is hidden on the books for future payment.
That $3.2 Trillion dollars is on top of at least $3.4 Trillion dollars missing from the Pentagon as of mid 2002.
Solari | The Missing Money - Trillions Missing!!.
What was stolen / misplaced between 2002 and 2006 is still to be determined but you get the picture. You and your kids
and grandkids future has been literally absconded.
If they wanted to help out the economy then they would have left the rates alone back in January especially since they
saw that the other cuts did practically nothing positive yet had major negative effects. And please stop bailing out the banks.
Some of them just need to go away, it was their bet and they lost.
Let them suffer their multi-Billion dollar bonuses.
Now, we the taxpayer will be paying for all this for many years to come. It is just a transfer of money from the poor and middle
class over to the rich and well off in a way that few will see what really went on.
Homeowners must learn that there are risks to using a home as an ATM. Investors who borrowed to flip condos must learn
the downside of such risk. In one of this year's primary debates, Ron Paul said it is not the president's job to run
the economy. I'd add that it is not the government's job either. It is each and every citizen's job to manage our own
affairs, make our own decisions, bear the fruits or painful consequences and learn our lessons.
The fundamental problem is the Fed itself, which purports to be the great savior of the money system but in fact is its
destroyer. By flooding the economy with ever more paper money, it reduces the value of our money – an insidious tax that
the governing elites levy in ways that keep the people in the dark.
And here's the heck of it. When the Fed expands the money supply, it can funnel money to the elites long before the
people are forced to pay the price. As Rothbard explains, those who get the money first are permitted to use it before
prices rise for everyone else. By the time the new money circulates through the economic system and hits everyman’s
pocketbook, the elites who received the first round of injections have made off like bandits.
Ron Paul has explained this to Bernanke
several times in the past several months but Bernanke just says that the American people will not see much of any effect from the dollars
loss of value. That statement is just so completely wrong, how could the rest of congress possibly allow this idiot to continue these
insane actions.
It will be a long slow burn but their intent is to transfer (steal) all they can in these last days -- massive military
spending, Wall Street and Bank/Lender bailouts.
The Social Security and Medicade programs are basically defunct in their future payment ability. The National debt is $9.4 Trillion dollars and heading over $10 Trillion,
a massive increase from $5.7T when Bush was 'selected' as our pResident.
The CPI, inflation and unemployment rates are several percent higher than reported.
Consumer Price Index Soars; Inflation Continues To Accelerate - 12%.
The CPI currently does not include food nor energy, furthermore when an indicator gets too
high then it has a lesser multiplier on it and conversely if it goes down then the multiplier is increased. This has the
desired effect of keeping the figure way understated. Now this is a compounded cumulative savings to the government ie:
that a nominal 4% differential over 10 years equates to 54% savings in entitlements and cost of living payments but this
is just a major screwing to the recipient. In just the past 10 years, it is estimated that these payments are up to 70%
too low because of the aforementioned slight of hand.
What is going to happen is when most of the lowly people of the US are totally spent out then they will revalue the
dollar into something called the Amero (as best we know) in the further push to bring in the North American Union. Those
that transfered all their money out of the dollar,
like cheney did in 2005 and since(Millions, mostly scabbed from his
halliburton connections and its War Profiteering during this illegal war), will then come in and buy up everything for pennies on
the dollar -- or whatever it is called then and by paying off those debts with worthless dollars. This is exactly how the
rothchilds made their fortune in the 1800's.
I have a message out there to everyone struggling with debt, who has lost their job, their car, or
their home, or who is making the choice between eating and taking the medicines that will ease your
pain; You did NOT deserve this life. You did not do anything wrong. You did not create this mess. It
was created FOR you by a government by the rich, of the rich, and for the rich.
In the coming weeks the cowed corporate media will try to convince you that you yourself are to
blame for your failed state of living; that you made bad choices (remember Bush excusing the housing
bubble by saying that nobody forced people to buy bigger houses?), that you should have had a better
education or chosen a different and more lucrative career?
We live in a nation that has the worst ration of taxes paid for benefits received of any
industrialized nation on Earth. Yes, other nations make you pay taxes as high as the US, but in
those nations you get free medical care and education and good infrastructure. Here in the US you
pay high taxes and are still expected to pay for your own medical care, education, and pay tolls on
the privatized infrastructure that your taxes did pay to build, but which were then sold off to
private corporations. The only thing the government has actually done with regard to your medical
care is block you from buying prescription medicines at lower prices from foreign sources.
So, don't get depressed. get angry. Get very angry. You have been screwed!
M. Rivero - WRH
Here we are with the media soaking up the airwaves and papers with tales of Paris Hilton or some other irrelevant nonsense
while there is a systematic treachery in the houses of CONgress with the ominous trail of legislation quietly enacted that
legitimizes the destruction of all that has set us as a nation apart -- protection from unwarranted search and seizure,
habeas corpus, safeguards against military or monarchical rule, renunciation of torture....
A quartet of laws has been signed that lays the complete legal foundation for the takeover of our constitutional
republic. They are the (so-called) Patriot Act of 2001 (extended in 2005); the Military Commissions Act of 2006 (which
allows for the suspension of habeas corpus and the practice of torture and rendition); the John Warner Defense
Authorization Act of 2007, which facilitates the declaration of martial law and nullifies posse comitatus by allowing
the President to station troops anywhere in the country and to commandeer the National Guard without the consent of
local authorities; and, finally, the National Security and Homeland Security Presidential Directive, signed on May 9,
2007, which in the event of a catastrophe would place all governmental authority in the hands of the President.
If we are a nation of laws ... then in light of the laws above, we are no longer the nation we once at least strove to
be.
Please, share this website and these truths to others. There are over 30,000 of the very best links to articles
over the past 4+ years here. This editor has been very selective in linking the closest to the truth articles.
You can go back and see the oldest of them here proving that
what may have been absurd then is now commonly accepted knowledge.
If the majority of the people and those in congress were required to absorb these truths then the United States and the world
would be a much nicer place for everyone. We would not have a runaway government accountable to no one. Runaway inflation at 11+% -
unbeknown to most everyone. No Iraq war for lies, oil, power and the bridge to global domination etc...
Truly, we the people are now in deep with our "I don't know and I don't care", (fed to us AND Taught to our children) attitude
and the bought off and controlled mainstream media feeding us senseless platitudes and placations.
"Who will govern the governors? There is only one force in the
nation that can be depended upon to keep the government pure
and the governors honest, and that is the people themselves.
They alone, if well informed, are capable of preventing the
corruption of power, and of restoring the nation to its
rightful course if it should go astray. They alone are the
safest depository of the ultimate powers of government"
-- Thomas Jefferson
"The moral and constitutional obligations of our representatives
in Washington are to protect our liberty, not coddle the world,
precipitating no-win wars, while bringing bankruptcy and
economic turmoil to our people."
-- Congressman Ron Paul
"Americans think their danger is terrorists. They don't
understand the terrorists cannot take away habeas corpus, the
Bill of Rights, the Constitution.... The terrorists are not
anything like the threat we face from our own government in
the name of fighting terrorism.... The American constitutional
system is near to being overthrown"
-- Paul Craig Roberts
"When once a republic is corrupted there is no possibility of
remedying any of the growing evils but by removing the
corruption and restoring its lost principles; every other
correction is either useless or a new evil."
–- Thomas Jefferson on the necessity of the impeachment
provisions to our Constitution
"The World is not dangerous because of those who do harm but
because of those who look at it without doing anything."
-- Albert Einstein
"Deficits mean future tax increases, pure and simple. Deficit
spending should be viewed as a tax on future generations, and
politicians who create deficits should be exposed as tax
hikers.
-- Congressman Ron Paul
"How can you pursue this policy that you have without further
weakening the dollar? There's a dollar crisis out there, and
people's money is being stolen! People who have saved, they're
being robbed!"
-- Congressman Ron Paul speaking to Bernanke about his
unsound policies at the Fed. 11-8-07
"Those who would give up essential liberty, to purchase a
little temporary safety, deserve neither liberty nor safety."
-- Benjamin Franklin
"When even one American -- who has done nothing wrong --
is forced by fear to shut his mind and close his mouth,
then all Americans are in peril."
-- Harry S. Truman
"To announce that there must be no criticism of the president,
or that we are to stand by the president right or wrong, is
not only unpatriotic and servile, but is morally treasonable
to the American public."
-- Theodore Roosevelt
"The Greatest Enemy Of Knowledge Is Not Ignorance...
...It Is The Illusion Of Knowledge"
-- Stephen Hawking
"Rather than love, than money, than fame, give me truth."
-- Henry David Thoreau
"We'll know our disinformation program is complete when
everything the American public believes is false."
-- William Casey, CIA Director (first staff meeting, 1981)
Headlines below are rated: least <= <== <=== most important. These are the most important articles in the past
4 years, about 1 in 10 of what I have read from the most important websites which had already selected the best.
They represent a snap-shot of just how the country got into this state of dis-repair. These are only the least or un
reported articles. Things you probably did not hear on your favorite main-stream media.
The articles and facts are solid proof that the media has not been doing its job otherwise Bush would be a packin.
See Top Sites to find these articles for yourself. It is recommended that you check all the pages
listed at the top for the many issues of concern.
I have broken the news headlines into 2 pieces, putting the "must read" news on this page and the lesser yet still
important news here, so as to not clutter up the major issues going on.
To find specific data: Windows - CTRL and F keys, Macintosh - APPLE and F keys
Makes 'Fahrenheit 9/11' look like 'Bambi.' Aaron Russo goes for the jugular --
the two planks of the communist Manifesto instituted in America in 1913, The Marxist Graduated Income Tax and the Private Central Bank --
the Federal Reserve.
90 minutes of pure demolition evidence and analysis, laced with staggering witness testimonials. Moving from "the myth" through "the analysis"
and into "the players," careful deconstruction of the official story set right alongside clean, clear science. Real Facts.
"The nationalist not only does not disapprove of atrocities
committed by his own side, he has a remarkable capacity for
not even hearing about them."
-- George Orwell
"The evils of government are directly proportional to the
tolerance of the people."
-- Frank Kent
"The welfare of the people in particular has always been the
alibi of tyrants."
-- Albert Camus
"Beware those that wholly believe in Biblical revelations,
claim to be doing the work of God and also have the big
red button to cause said annihilation while breaking at
least half of the ten commandments."
-- netctr.com
"Let us believe no man infallible or impeccable in government,
any more than in religion; take no man's word against evidence,
nor implicitly adopt the sentiments of others who may be
deceived themselves, or may be interested in deceiving us."
-- John Adams 1763
"The high minded man must care more for the truth than for what
people think."
-- Aristotle
"The urge to save humanity is almost always only a false-face
for the urge to rule it."
-- H. L. Mencken
"Facts are stubborn things, and can't be erased or banished
from polite discussion on account of political correctness or,
at least, not for very long."
-- Ronald Reagan
"The Central Intelligence Agency owns everyone of any
significance in the major media."
-- William Colby (Former CIA Director)
"The penalty good men suffer for not getting involved in public
affairs is being ruled by evil men."
-- Plato
"This and no other is the root from which a tyrant springs;
when he first appears he is a protector."
-- Plato
"If our nation is ever taken over, it will be taken over
from within."
-- James Madison
"When tyranny and oppression come to this land, it will be
in the guise of fighting a foreign foe."
-- James Madison
"The means of defense against foreign danger historically
have become the instruments of tyranny at home."
-- James Madison
"America will never be destroyed from the outside. If we falter
and lose our freedoms, it will be because we destroyed ourselves."
-- Abraham Lincoln
"I am a firm believer in the people. If given the truth, they
can be depended upon to meet any national crisis. The great
point is to bring them the real facts."
-- Abraham Lincoln
"Corporations have been enthroned An era of corruption in high
places will follow and the money power will endeavor to
prolong its reign by working on the prejudices of the people
. . until wealth is aggregated in a few hands . . . and the
Republic is destroyed."
-- Abraham Lincoln
"The whole aim of practical politics is to keep the populace
alarmed (and hence clamorous to be led to safety) by menacing
it with an endless series of hobgoblins, all of them imaginary."
-- H. L. Mencken US editor (1880 - 1956)
"Just because you do not take an interest in politics doesn't
mean politics won't take an interest in you."
-- Pericles (430 BC.)
"Those who already walk submissively will say there is no
cause for alarm. But submissiveness is not our heritage. The
First Amendment was designed to allow rebellion to remain as
our heritage. The Constitution was designed to keep government
off the backs of the people. The Bill of Rights was added to
keep the precincts of belief and expression, of the press, of
political and social activities free from surveillance. The
Bill of Rights was designed to keep agents of government and
official eavesdroppers away from assemblies of people. The aim
was to allow men to be free and independent and to assert
their rights against government."
-- Justice William O. Douglas (Laird v. Tatum, 1972)
"Our government has kept us in a perpetual state of fear —
kept us in a continuous stampede of patriotic fervor — with
the cry of grave national emergency. Always there has been
some terrible evil at home or some monstrous foreign power
that was going to gobble us up if we did not blindly rally
behind it."
-- General Douglas MacArthur
"The liberty of a democracy is not safe if the people tolerate
the growth of private power to a point where it becomes stronger
than their democratic State itself. That, in its essence, is
Fascism - ownership of government by an individual, by a group
or by any controlling private power."
-- FDR
Note: Links to websites off netctr.com do not constitute an endorsement of the website or the linked-to information.
