Howard Dean admits Obamacare is trillion dollar, no reform, harmful bailout

This is from the Bill Press show.  In it he admits to the real cost and even says he agrees with the Republicans but the cost is ok with him as long as they include a public option.



DEAN: There is something worse than passing no bill. This bill isn’t very strong. In fact, the only piece of reform left in it is the public option. The insurance reform is gone, essentially, because what they did is they have guaranteed issue — they have to, er, the insurance company has to ensure you — the problem is they don’t have community rating any more. They, they, they, the Senate bill, I think, charges three or four times as much for sick people as they do for healthy people, and the House bill is twice as much. …


DEAN: You know, we did this ten or fifteen years ago in Vermont, and you can charge 20% more for your most expensive clients as you can for your cheapest clients, and that’s it. Now if you can afford to buy health insurance if it’s 20% above the bottom price, but you can’t afford to buy health insurance if it’s twice as much or three times as much, so guaranteed issue doesn’t do you any good unless you have real community rating. Real community rating doesn’t exist in either the House or the Senate bill, so the old argument, which I used to make, was that we ought to pass this thing just to get the insurance reform. There isn’t any insurance reform left in this bill to speak of. …


DEAN: You know, what this is is a giant bail-out. This is a bail-out that makes AIG look cheap. Sixty billion dollars a year go to the insurance companies under this bill. Now if we can get a public option, I think that’s OK, but if you don’t have a public option, why would you want to stick the taxpayers with yet another bail-out? They bailed out the banks, they bailed out AIG. This is a trillion-dollar bailout. …


DEAN: I would vote with Bernie Sanders. I would vote to kill this bill if it does not have a public option, because that is doing harm to the nation. It’s not just, “Well, there’s some of this” 




PRESS: Yeah.


DEAN: This is a harmful bill to the nation without a public option, because it’s going to take trillions of dollars, billions, well, trillions over several decades from our kids. The Republicans are right about the rhetoric of the bill. But if you get reform, you can fix it. If you don’t get reform, you got the system that we have today, you are gradually going to start uninsuring people, because we are not going to be able to maintain this system. This system does nothing to control costs.

Propaganda Push Fed Goes to The Movies

Propaganda - In the UK they have re-introduced an old war time slogan Keep Calm and Carry On.

.In America the Fed will be showing up at the movies!  Not to ease your angst over job losses the rise in your credit card rates or the inflation they claim we don't have but to sway public opinion. If they can sway you they can continue to keep their dealings secret and ease the pressure on Obama who wants to give them greater power.  Note one wonders if this press release was sent out by the Fed as you will see it claims the Obama administration is trying to place restrictions on them and nothing could be further from the truth.

Coming soon to a theater near you -- credit-card advice from the Federal Reserve.

Not exactly five-star material, but the Fed will run 45-second advertisements in 12 movie theaters in major metropolitan areas starting Friday through Dec. 3.

The AMC Studio 30 complex in Olathe is among the theaters scheduled to run the spots, said Tim Todd, a spokesman for the Federal Reserve Bank of Kansas City.

Todd said Wednesday the Fed will likely add other area locations in December.

This is not the Fed's first foray into theater ads. Earlier this year, the Fed sponsored ads that provided tips and information for avoiding mortgage foreclosures.

The new spots will encourage consumers to “use their credit cards wisely” during the holiday shopping season.

“The ads provide tips for getting the most from credit cards, including paying on time, staying below the card’s credit limit, avoiding unnecessary fees, paying more than the minimum payment and watching for changes in account terms,” the Fed said in a statement.

The Fed is trying to step up its consumer protection role after the Obama administration and some lawmakers proposed legislation that would strip the central bank of that responsibility and give it to a newly created Consumer Financial Protection Agency.

http://www.thenewamerican.com/index.php/economy/commentary-mainmenu-43/2360-inflation-what-inflation
http://economy.kansascity.com/?q=node/4952
http://www.ocregister.com/opinion/administration-219030-financial-dodd.html
http://news.bbc.co.uk/2/hi/uk_news/magazine/7869458.stm

Will Friday be Black for U.S. Stock Market? (Dubai Fallout)

Stocks went into shock all around the world today except here because most of the markets were closed for Thanksgiving. I am just wondering how bad it will be here tomorrow. Dubai was a horror story that those who invested in it and promoted it overlooked.  They over looked the slave labor they over looked basic principles when investing in it.  Karma?


You have to wonder who knew in advance? With gold suppression being a public policy and the Fed no doubt having a bit of anxiety over China's concern about the losses they are taking by holding so much of our debt seems odd this news was not released until late Wednesday.


" China’s foreign-exchange reserves face a “triple whammy” as inflation, oversupply and the “inevitable” decline of the dollar threaten to erode the value of its holdings of U.S. Treasuries, said Yu Yongding, a former adviser to the Chinese central bank."


Late Thursday, the dollar had rebounded after suffering steep losses in Asia as concerns about a debt crisis in Dubai sent investors flocking to the greenback as a safe haven. When it did start to slide Thailand, Singapore and South Korea all appeared to sell their currencies Thursday according to the WSJ. 


It also prompted concerns in Japan. Fujii, 77, said yesterday that the dollar’s weakness is spurring the yen’s advance. Today he said “a strong U.S. dollar is in their national interest. There is no change in our support for that.”



“There’s no doubt the market has moved too far in one direction,” Mr. Fujii said. “Moves right now are extreme, and it would be possible to take appropriate measures.”


Although he did not explicitly say that the government might intervene in the foreign exchange markets — by buying dollars for yen — such comments are often interpreted as “verbal intervention,” in which comments from top policy makers can swing market expectations and thus influence currency levels.


By mid-morning in Tokyo, the dollar gained somewhat, to 85.90 yen



China wants out but not by taking a huge hit still they are buying Gold. Investor's Buy Gold they know the Central Banks are on course to crash the World's Economy. Now we will have to see how it all plays out tomorrow.




http://www.independent.co.uk/opinion/commentators/johann-hari/the-dark-side-of-dubai-1664368.html
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6661841/Dubai-debt-fears-rattle-global-markets.html
http://www.businessinsider.com/us-futures-plunge-2-on-dubai-default-news-2009-11
http://www.cnbc.com/id/34157540
http://www.independent.co.uk/news/business/news/traders-panic-as-lse-hit-by-double-whammy-1828687.html
http://ftalphaville.ft.com/blog/2009/11/26/85506/im-a-celebrity-get-me-out-of-dubai/
http://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-a-morally-bankrupt-dictatorship-built-by-slave-labour-1828754.html
http://www.telegraph.co.uk/finance/breakingviewscom/6664618/Dubai-creditors-have-little-option-but-to-accept-the-hand-theyve-been-dealt.html
http://ftalphaville.ft.com/blog/
http://www.economicpolicyjournal.com/2009/11/who-knew.html
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMLpLWLx8Y3Y&pos=5
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100002252/china-gold-and-the-civilization-shift/
http://online.wsj.com/article/SB10001424052748703499404574559273731673930.html?mod=article-outset-box
http://www.nytimes.com/2009/11/28/business/global/28iht-dollar.html?_r=1
http://www.marketoracle.co.uk/Article15355.html

Parody Office Depot Day Laborers

It would be hilarious if it were not true!

http://www.lasvegassun.com/news/2009/nov/02/new-faces-day-labor/

http://www.oregonlive.com/portland/index.ssf/2009/07/portland_day_labor_center_sees.html

http://www.youtube.com/watch?v=Tf0ixjUNcuw

Porter Standsberry - The bankruptcy of the United States is now certain

According to Porter Stansberry.

It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?

How did we end up with so much short-term debt? Like most entities that have far too much debt - whether subprime borrowers, GM, Fannie, or GE - the U.S. Treasury has tried to minimize its interest burden by borrowing for short durations and then "rolling over" the loans when they come due. As they say on Wall Street, "a rolling debt collects no moss." What they mean is, as long as you can extend the debt, you have no problem. Unfortunately, that leads folks to take on ever greater amounts of debt… at ever shorter durations… at ever lower interest rates. Sooner or later, the creditors wake up and ask themselves: What are the chances I will ever actually be repaid? And that's when the trouble starts. Interest rates go up dramatically. Funding costs soar. The party is over. Bankruptcy is next.

When governments go bankrupt it's called "a default." Currency speculators figured out how to accurately predict when a country would default. Two well-known economists - Alan Greenspan and Pablo Guidotti - published the secret formula in a 1999 academic paper. That's why the formula is called the Greenspan-Guidotti rule. The rule states: To avoid a default, countries should maintain hard currency reserves equal to at least 100% of their short-term foreign debt maturities. The world's largest money management firm, PIMCO, explains the rule this way: "The minimum benchmark of reserves equal to at least 100% of short-term external debt is known as the Greenspan-Guidotti rule. Greenspan-Guidotti is perhaps the single concept of reserve adequacy that has the most adherents and empirical support."

The principle behind the rule is simple. If you can't pay off all of your foreign debts in the next 12 months, you're a terrible credit risk. Speculators are going to target your bonds and your currency, making it impossible to refinance your debts. A default is assured.

So how does America rank on the Greenspan-Guidotti scale? It's a guaranteed default. The U.S. holds gold, oil, and foreign currency in reserve. The U.S. has 8,133.5 metric tonnes of gold (it is the world's largest holder). That's 16,267,000 pounds. At current dollar values, it's worth around $300 billion. The U.S. strategic petroleum reserve shows a current total position of 725 million barrels. At current dollar prices, that's roughly $58 billion worth of oil. And according to the IMF, the U.S. has $136 billion in foreign currency reserves. So altogether... that's around $500 billion of reserves. Our short-term foreign debts are far bigger.

According to the U.S. Treasury, $2 trillion worth of debt will mature in the next 12 months. So looking only at short-term debt, we know the Treasury will have to finance at least $2 trillion worth of maturing debt in the next 12 months. That might not cause a crisis if we were still funding our national debt internally. But since 1985, we've been a net debtor to the world. Today, foreigners own 44% of all our debts, which means we owe foreign creditors at least $880 billion in the next 12 months - an amount far larger than our reserves.

Keep in mind, this only covers our existing debts. The Office of Management and Budget is predicting a $1.5 trillion budget deficit over the next year. That puts our total funding requirements on the order of $3.5 trillion over the next 12 months.

So… where will the money come from? Total domestic savings in the U.S. are only around $600 billion annually. Even if we all put every penny of our savings into U.S. Treasury debt, we're still going to come up nearly $3 trillion short. That's an annual funding requirement equal to roughly 40% of GDP. Where is the money going to come from? From our foreign creditors? Not according to Greenspan-Guidotti. And not according to the Indian or the Russian central bank, which have stopped buying Treasury bills and begun to buy enormous amounts of gold. The Indians bought 200 metric tonnes this month. Sources in Russia say the central bank there will double its gold reserves.

So where will the money come from? The printing press. The Federal Reserve has already monetized nearly $2 trillion worth of Treasury debt and mortgage debt. This weakens the value of the dollar and devalues our existing Treasury bonds. Sooner or later, our creditors will face a stark choice: Hold our bonds and continue to see the value diminish slowly, or try to escape to gold and see the value of their U.S. bonds plummet.

One thing they're not going to do is buy more of our debt. Which central banks will abandon the dollar next? Brazil, Korea, and Chile. These are the three largest central banks that own the least amount of gold. None own even 1% of their total reserves in gold.


Thanks to the Obama Administration and the Federal Reserve I might add!






http://www.thedailycrux.com/content/3455/Porter_Stansberry/eml
http://www.foxnews.com/politics/2009/11/24/obama-shatters-spending-record-year-presidents/

Bloomberg Study Shows Mans Hands In Making H1N1 VIRUS!

Very Interesting more follows this Bloomberg article.

Nov. 24 (Bloomberg) -- Adrian Gibbs, the virologist who said in May that swine flu may have escaped from a laboratory, published his findings today, renewing discussion about the origins of the pandemic virus.

The new H1N1 strain, which was discovered in Mexico and the U.S. in April, may be the product of three strains from three continents that swapped genes in a lab or a vaccine-making plant, Gibbs, and fellow Australian scientists wrote in Virology Journal. The authors analyzed the genetic makeup of the virus and found its origin could be more simply explained by human involvement than a coincidence of nature.

Their study, published in a free, online journal reviewed by other scientists, follows debate among researchers six months ago, when Gibbs asked the World Health Organization to consider the hypothesis. After reviewing Gibbs’ initial three-page paper, WHO and other organizations concluded the pandemic strain was a naturally occurring virus and not laboratory-derived.

“It is important that the source of the new virus be found if we wish to avoid future pandemics rather than just trying to minimize the consequences after they have emerged,” Gibbs and colleagues John Armstrong and Jean Downie said in today’s eight- page study.

Gibbs and Armstrong are on the emeritus faculty at the Australian National University in Canberra and Downie is affiliated with the Centre for Infectious Diseases and Microbiology Laboratory Services at Sydney’s Westmead Hospital, according to the study.

While the exact source of the new H1N1 strain is a mystery, their research has “raised many new questions,” they said. The authors compared the genetic blueprints of flu strains stored in the free database Genbank and found the pandemic virus’s nearest ancestors circulate in pigs.

‘Simplest Explanation’

While migratory birds may have acted as conduit for their convergence, human involvement in bringing them together is “by far the simplest explanation,” Gibbs said in a telephone interview today.

Gibbs wrote or coauthored more than 250 scientific publications on viruses, mostly pertaining to the plant world, during his 39-year career at the Australian National University, according to biographical information on the university’s Web site.

“Knowing Adrian Gibbs, he will have thought through it pretty logically and come to that conclusion,” Lance Jennings, a clinical virologist with Canterbury Health Laboratories in Christchurch, New Zealand, said in a telephone interview. “It’s up to someone else to try and prove it or disprove it.” End of Bloomberg article.


I do know that biological materials were missing from an Army lab and who knows how much is really missing? I do know that a certain firm Chugai (page six) predicted over a 531% increase from the sale of Tamiflu last year before the flu hit. I would also point out that Liberal Elites met a short while back to discuss Depopulation. According to (I have not verified this ) another blogger...and here


" Obama has a long-term relationship with Baxter, and he has previously traded favors with them. Obama owns shares in Baxter a key company that has been approached by the WHO to make a vaccine for swine flu. Baxter, based in Chicago, also contributed significantly to Obama's election campaign."

Baxter is manufacturing the new drug and coincidentally Baxter "accidentally sent " the bird flu Virus to Europe by mistake. A journalist has filed murder charges against the WHO and BO's buddies at the UN and think about the following article maybe it already has!

Bioweapons could catch U.S. cities off guard

http://www.tri-cityherald.com/987/story/804880.html
http://www.bloomberg.com/apps/news?pid=20601124&sid=ajw2AS.d1wK8
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6350303.ece
http://www.theaustralian.com.au/news/drug-company-drew-up-doctor-hit-list/story-0-1225693586492
http://www.naturalnews.com/026503_pandemic_swine_flu_bioterrorism.html
http://prismwebcastnews.com/2009/06/11/readying-americans-for-dangerous-mandatory-vaccinations/
http://www.latimes.com/news/science/la-sci-swineflu26-2009jun26,0,7526407.story
http://ginacobb.typepad.com/gina_cobb/2009/05/5050-chance-obama-caused-swine-flu.html
http://www.guardian.co.uk/world/feedarticle/8557435
http://www.bloomberg.com/apps/news?pid=20601124&sid=aTo3LbhcA75I&refer=home
http://citizenwells.wordpress.com/2009/05/06/h1n1-swine-flu-obama-flu-shots-baxter-international-chicago-il-pandemic-corruption-influenza-a-cdc-obama-ties-to-baxter-owned-stock-political-contributions-generated-bird-flu-lethal-vac/
http://citizenwells.wordpress.com/2009/05/19/obama-baxter-international-cdc-dr-robert-weinstein-corruption-ties-chicago-weinstein-levine-rezko-blagojevich-obama/
http://www.washingtonpost.com/wp-dyn/content/article/2009/06/17/AR2009061703271.html
http://www.chugai-pharm.co.jp/pdf/annual_report/2009/eAR2009_12_04.pdf

Parody Climate Gate!

A parody of "Draggin the Line" by Tommy James and the Shondells about Climategate

11-24-09 Sen. Inhofe on launching an investigation concerning the leaked CRU global warming documents and e-mails; then Stuart Varney interviews Ed Begley Jr. on this afternoon's Cavuto show on Fox.  

GOOD NEWS! Senator Inhofe has opened an investigation you can read more about that
here. Includes the letters, etc. 
http://www.economicpolicyjournal.com/2009/11/inhofe-begins-hadley-center-climategate.html
ALSO "Climate Gate" Development: CEI Files Notice of Intent to Sue NASA
http://spectator.org/blog/2009/11/24/climate-gate-development-cei-f
It's Not Just That Global Warming Is Fake. What Matters Is Why This Fakery Is Being Promoted.
http://www.garynorth.com/public/5156.cfm
http://www.climatedepot.com/a/1893/Gore-US-Climate-Bill-Will-Help-Bring-About-Global-Governance
ZERO HEDGE has a knockout piece as well

Global warming exposed as UN-funded fraud

http://www.zerohedge.com/article/global-warming-exposed-un-funded-fraud

Climategate: the final nail in the coffin of 'Anthropogenic Global Warming'?
If you own any shares in alternative energy companies I should start dumping them NOW. The conspiracy behind the Anthropogenic Global Warming myth (aka AGW; aka ManBearPig) has been suddenly, brutally and quite deliciously exposed after a hacker broke into the computers at the University of East Anglia’s Climate Research Unit (aka Hadley CRU) and released 61 megabites of confidential files onto the internet. http://blogs.telegraph.co.uk/news/jamesdelingpole/100017393/climategate-the-final-nail-in-the-coffin-of-anthropogenic-global-warming/

Gore, first carbon billionaire? I hope not anymore!
http://www.dailyfinance.com/2009/11/0...
http://www.guardian.co.uk/world/2009/...

S&P warns most global banks are still unsafe - Informed Citizen News

As usual good stories from ICN  but I also wanted to share thesestories with you...

Most global banks are still unsafe, warns SP

Standard & Poor's has given warning that nearly all of the world's big banks lack sufficient capital to cover trading and investment exposure, risking further downgrades over the next 18 months unless they move swiftly to beef up their defences.

Every single bank in Japan, the US, Germany, Spain, and Italy included in S&P's list of 45 global lenders fails the 8pc safety level under the agency's risk-adjusted capital (RAC) ratio. Most fall woefully short.

While some banks may look healthy under normal Tier 1 and leverage targets, critics claim these measures can be highly misleading since they fail to discriminate between high-risk and low-risk uses of leverage

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6638922/Most-global-banks-are-still-unsafe-

warns-SandP.html

The FDIC Is Broke

http://market-ticker.denninger.net/archives/1660-The-FDIC-Is-Broke.html

On ICN This week's stories...


#1 Desiree Jennings Experiences Amazing Recovery with Nature-based Therapies
http://educate-yourself.org/vcd/desir...


#1A Other Flu Vaccine Stories

Another student stricken with Guillian-Barre syndrome 18 hours after injection of H1N1 vaccine, but CDC says there is no clear link.
http://www.msnbc.msn.com/id/33845867/ns/health-cold_and_flu
95% of the population resisted pro-vaccine propaganda from government and media.
http://www.nytimes.com/2009/11/09/nyr...


#2 Justice Dept. Asked For News Site's Visitor Lists
http://www.cbsnews.com/blogs/2009/11/...


#3 White House Says U.S. Has Right to Require Insurance
http://prescriptions.blogs.nytimes.co...
http://www.cnsnews.com/news/article/5...
http://www.cnsnews.com/news/article/5...


Pelosi Rebuffs Constitutional Question
http://www.jbs.org/jbs-news-feed/5549...


#4 Continental Congress
http://www.cc2009.us/
http://freedom.tv/live/


#5 The new faces of day labor
http://www.lasvegassun.com/news/2009/...




#6 MILLION HIT BY PLAGUE WORSE THAN SWINE FLU
http://www.express.co.uk/posts/view/1...


#7 Ukraine Flu Update
http://ukraineplague.blogspot.com/200...


#8 Gore, first carbon billionaire?
http://www.dailyfinance.com/2009/11/0...
http://www.guardian.co.uk/world/2009/...


#9 More Americans are bypassing banks and turning to Peer-to-Peer lending groups on the Internet.
http://www.parade.com/news/intelligen...

http://www.youtube.com/watch?v=7sW4O4359VI&feature=player_embedded

Freedom's Phoenix In The News (Tin Foil Conspiracists)

The Progressive Examiner has an article about the End the Fed protests titled..

Libertarian Ron Paul protesters cite mass conspiracies for US demise

Isn't that just like a progressive (progressive code word for looney liberal) site to infer "Tin Foil" by phrasing it in that manner?  Rather then examine in depth what the protesters are talking about they find someone in the crowd in this case Sharlene Holt and try to make the entire movement out to be Nut Jobs. Seems to be a common occurrence.  HACK ATTACK

Consider this hatchet piece on Ron Paul, written by a partner of a financial website, 24/7.com, one Douglas A. McIntyre. He is a frequent author on The Huffington Post. Rest HERE.

All anyone heard about from the loons when President Bush was in office was the phrase he uttered regarding the New World Order and they were absolutely positive he was trying to implement it. There were protests and howls about the Patriot Act and the government using it against citizens.  Along comes their chosen one and he IS implementing it (see HERE) and now those who are speaking out are Tin Foil wearing Nut Jobs.

Nothing was reported about why the Fed should be audited but I guess now that the Obamageddon is in charge and working with the banks for control of the Fascist New World Order  the fact that he wants to give the Federal Reserve more power is no longer an issue. The Patriot Act is now A-OK because their messiah is in Control. You can read his progressive spew HERE.  

When you are finished please sign the PETITION to Audit The Fed HERE.

http://www.chooseliberty.org/auditfed2.aspx?pid=g02

http://www.examiner.com/x-28441-Mesa-Progressive-Examiner~y2009m11d23-Libertarian-protesters-site-mass-conspiracies-for-US-demise
http://ipsnorthamerica.net/news.php?idnews=2694
http://www.enterstageright.com/archive/articles/1109/1109laworder.htm
http://bluelori.blogspot.com/2009/10/capitalist-conspiracy-inside-view-of.html
http://www.garynorth.com/public/5731.cfm

Ron Paul CNBC 11/23/09 on Audit the Fed

Why the push to regulate the Fed more tightly, with Rep. Ron Paul (R-TX) and member of Financial Services Committee; James Reynolds, Loop Capital Markets; and CNBC's Rick Santelli, Steve Liesman, Joe Kernen & Becky Quick. By the way you could help by signing the Petition to Audit the Fed below.

Dear Friend of Liberty, I hope you join me in my firm conviction that now is the time to fight back against the out of control Federal Reserve and continued Wall Street plundering of our tax dollars. The threat isn't hard to see -- just look all around us.  Our constitutional principles and freedoms are being assaulted at every turn.  More bailouts, trillion dollar "stimulus" plans, huge new debt burdens for our children, simply printing money to cover our failed policies -- I could go on and on.  You and I both know that President Obama is going to keep going and going unless someone puts a stop to the madness. But the good news is there is a way to fight back.  And that fight starts today -- by "Auditing the Fed" and showing the American people just how the Fed has abused its power, debauched the dollar, and helped strangle our economy. Because I know you are a friend in Liberty, I wanted you to be among the first people contacted by Campaign for Liberty for the vital fight against the out of control Federal Reserve. Please read the enclosed letter from my friend and Campaign for Liberty's President, John Tate.  John isn't just a friend of mine.  He's also a patriot with years of experience getting things done in politics.  Now he's agreed to take up the fight in a way I cannot -- by leading the fight for Liberty on the outside, while I do battle in the halls of Congress. I trust you'll find this battle to expose the out of control Fed worth your support. For Liberty, Congressman Ron Paul Dear Friend of Liberty, Trillions of dollars are being stolen from the U.S. taxpayer. Right now, you and I are seeing the worst plundering of a country's wealth in the history of civilization, led by an out of control Federal Reserve. But together you and I CAN put a stop to it all. With your help (including submitting the petition linked below to your Congressman and Senators) today, Representative Ron Paul, Senator Jim DeMint and Campaign for Liberty are ready to fight back, by taking the battle straight to the heart of the problem -- the Federal Reserve itself. Just think about the scope of the problem for a minute: The massive, outrageous amount of dollars committed to the economic bailouts in recent months totals: More than the socialist New Deal ... More than the entire Iraq debacle ... More than the 1980's savings and loan mess ... More than the Korean War ... COMBINED. When will it all end? It's time you and I put a stop to a renegade Federal Reserve by exposing the Fed's out of control actions to the American people.  And Congressman Ron Paul and Senator Jim DeMint have a bill before Congress to do just that, known as the "Audit the Fed" Bill (HR 1207 and S 604). That's why it's vital you click here to submit your "Audit the Fed" petition in support of Congressman Paul's bill. You see, Audit the Fed already has almost 300 cosponsors! Now is the time to make sure your Congressman and Senators feel the heat to support the Audit the Fed bill! If you and I don't act today, I'm afraid this crisis will end with the economic ruin of every man, woman and child in America. Today, nearly 13 TRILLION in taxpayer dollars in bailouts and loans has been agreed to by Congress, the Bush and Obama Treasury Departments, and the out of control Fed. So is it really any wonder more and more folks are starting to realize the Washington, D.C. establishment is hurtling us toward complete economic disaster? Whether it's watching a phony "stimulus" package get rammed into law or watching Congress pass a $700 BILLION bank "bailout" under threat of martial law, the American people are agitated and increasingly angry. That means it's a perfect time to unleash the pressure of MILLIONS of outraged Americans on the out of control Fed! So please click here to sign the petition linked below urging your Congressman and Senators to cosponsor and seek roll call votes to pass the Audit the Fed Bill! As I know you're aware, the Federal Reserve is shrouded in secrecy.  Their meetings are off-limits to the public.  Their inner workings are off-limits to the public. And just recently, the Federal Reserve told Congress "NO WAY" when asked to account for $2 TRILLION in taxpayer-backed loans! Well, why do you think they refused? They know coming clean with Congress and the American people on how they doled out that two TRILLION dollars would result in an anti-Fed firestorm. So can you imagine the impact of a full-scale audit? You and I will finally be able to show the American people that the Federal Reserve System leads to: *** Constant economic crises -- the housing crisis and the resulting chaos is just one example of an economic bubble created by centrally-planned interest rates and money manipulation; *** The destruction of the middle class -- as fuel, food, housing, medical care and education costs soar, everyone who is NOT on the government dole is forced to make do with less as the value of their money slowly decreases; *** Currency destruction -- history shows us that riots, violence and full-scale police states can result when people finally realize our money isn't worth the paper it's printed on and REFUSE to accept it. And unless you and I do end the madness in Washington, D.C., we may be closer than we'd like to think to learning that history lesson firsthand -- right here in our own streets.  That's why your commitment to helping pass the Audit the Fed Bill -- and helping Campaign for Liberty fight this battle -- is so vital. Just a few months ago, there was no chance of passing any legislation like the Audit the Fed Bill.  So I guess there has been one "CHANGE." You see, with the piling up of trillions of dollars in out of control "bailouts" of Wall Street and international bankers, even many politicians in Washington want to show you they're "being responsible." What better way for Congress to do this than by auditing the Federal Reserve to account for the trillions stolen from the U.S. taxpayers? More and more Congressmen are already feeling the pressure and are signing up to support this bill.  I've even received word this bill could move in the next few weeks in the U.S. House. When that happens, you and I must be ready to fight. And, it's both a bill we CAN pass, and one that is vital to exposing the massive corruption and dollar manipulation at the Federal Reserve. You see, after regulating, taxing, spending, borrowing and printing us into what looks like the worst recession in decades, establishment politicians and power brokers are assuring us they're working hard to "fix" our economic woes.  What is their solution?  You guessed it.  More of the same! And even if the Audit the Fed Bill is defeated this time, just forcing a vote is a win/win situation. Can you imagine how many politicians will pay the price at the ballot box in 2010 when you and I tell the American people their Congressman somehow lost trillions of taxpayer dollars and refused to even LOOK for it? Now we just need to show Congress the American people demand action on the Audit the Fed Bill.  Here's how we plan to do that. First, we're already busy contacting up to five million activists nationwide through mail, phones and email to generate petitions to the U.S. Congress demanding action on Ron Paul's Audit the Fed Bill. But that's just the beginning.  We'll work the talk radio stations and grant local media interviews to ratchet up the pressure even further on Congress. And a few days before the vote, if we have the resources, we'd also like to run hard-hitting targeted radio, TV and newspaper ads. This entire program is designed to send this one, CLEAR message to Congress: Any politician who votes against the Federal Reserve Audit should look for another job. But such a massive effort won't be easy -- or cheap. So in addition to submitting your petition, I also hope you'll agree to make a contribution of $1000, $500, $250, or $100 to Campaign for Liberty. If $100 is too much to ask right now, please make a contribution of $50 or even $25 today.  Every dollar will help, and every dollar will go to this vital fight. I know times are hard, but if we don't take action, the America we see in just a few years could look far worse than even the one we see today. Can I count on you to join the fight to AUDIT THE FED byclicking here to sign the petition, and by making a generous contribution of $1000, $500, $250, $100, $50 -- or whatever you can afford -- to Ron Paul's Campaign for Liberty? Sincerely, John F. Tate President P.S. Please submit the petition urging your Congressman and Senators to cosponsor and seek roll call votes on Rep. Ron Paul's Audit the Fed Bill TODAY! With Congress spending like never before, and TRILLIONS of new dollars being created out of thin air, it's never been more important the Federal Reserve's abuses are exposed to the American people once and for all. And, along with submitting your petition, please make a contribution of $1000, $500, $250, $100, or $50 to Campaign for Liberty TODAY! Copyright © 2000-2009, GOPUSA.com A division of Endeavor Media Group, LLC P.O. Box 891354 Houston, TX 77289 ++ Contact Us http://www.cnbc.com/id/15840232/video=1339737581&play=1

Conn. Legislature playing Solitaire and checking Facebook!

 

House Minority Leader  Lawrence F. Cafero Jr., R-Norwalk, pictured standing, far  right, speaks while colleagues Rep. Barbara Lambert,  D-Milford and Rep.. Jack F. Hennessy, D-Bridgeport, play solitaire Monday night as the House convened to vote on a  new budget. (AP)

The guy sitting in the row in front of these two...  he's on Facebook, and the guy behind Hennessy is checking out the baseball scores.

This was sent to me in an e-mail and it was titled your Congress at work.  Upon further investigation I discovered it is in fact the Legislature in CT.  Sweet gig if you can get it and what goes on in your state? All the more reason to push for limited government.

Oh well these will cheer you up!

The liberals are asking us to give Obama time.
We agree and think 25 to life would be appropriate..
**********************
America needs Obamacare like Nancy Pelosi needs a Halloween mask.
**********************
Q: Have you heard about McDonalds new Obama Value Meal?
A: Order anything you like and the guy behind you has to pay for it.
**********************
Q: What does Barack Obama call lunch with a convicted felon?
A: A fund raiser.
**********************
Q: What’s the difference between Obama’s cabinet and a penitentiary?
A: One is filled with tax evaders, blackmailers and threats to society.
The other is for housing prisoners.
**********************
Q: If Nancy Pelosi and Obama were on a boat in the middle of the ocean and It
started to sink, who would be saved?
A: America!
**********************
Q: What’s the difference between Obama and his dog, Bo?
A: Bo has papers.

http://www.nbcconnecticut.com/news/CT-Solitaire-Draws-Criticism-57146112.html

Highway to Hell (Debt/Fed Threat)

America's national debt cannot grow beyond a limit imposed by Congress known as the "debt ceiling."In 1919, just after World War I, the limit on U.S. borrowing was $43 billion.By 2001, it had grown to $5.9 trillion.

Today, the debt ceiling is at an all-time high of $12.1 trillion.When President George W. Bush took office in 2001, our public debt amounted to 33 percent of our economy.

Today, it is 60 percent of our gross domestic product. If we do nothing, our debt is projected to swell to over 70 percent by 2019.To put those numbers in perspective: If you divided the debt equally among all Americans, every man, woman and child living in the United States today would owe more than $39,000.

Next month, members of Congress will be asked to vote to raise the roof on our allowable debt for the ninth time this decade.Before such votes, it has become customary for Treasury officials to write members of Congress warning of the dire consequences of restricting the federal government's ability to borrow.

There should be no mistake: These consequences are real. What those letters often fail to mention, however, are the equally dire consequences of the status quo. Long-term deficits drive up interest rates for consumers, raise prices of goods and services, and weaken our country's financial competitiveness and security.

The bigger our deficits, the fewer resources we have to make critical investments in energy, education, health care and tax relief for small businesses and middle-class families.The bigger our deficits, the more we must borrow from foreign creditors like China, allowing governments with competing interests to influence our economic and trade policies in ways that run counter to our national interest.

Last week, I was joined by a handful of my colleagues at a Senate Budget Committee hearing on strategies for reining in our exploding debt. United in our concern that Congress lacks the will to get our fiscal house in order, we mounted what I termed an "institutional insurrection."Our unsustainable debt is neither a Democratic nor a Republican problem. It is rooted in the DNA of both political parties. Some in Congress like to spend more than we can afford, and some like to cut taxes more than we can afford. The easy path is simply to borrow until the credit markets will no longer allow it.

This approach violates something fundamental in the American character. Every generation before us has been willing to make the tough decisions and hard sacrifices required to ensure our children and grandchildren inherit a better way of life and stronger country. Now, it is our turn.The path of least resistance that we have trod for so long is the path to national weakness. If you have the same people and the same process, you are going to get the same results.

Of course The FED is threatening "Talk of eroding the Fed's independence can be counterproductive for economic recovery," St. Louis Federal Reserve Bank President James Bullard said in slides to accompany a presentation prepared for a panel discussion in New York.Bullard said that non-independent central banks have historically been forced to finance large government budget deficits. "This can be very inflationary," he added.

Well just think of all the interest alone we would save by ending the Fed and how our government would be reigned in on spending. What has our government done to the dollar? The road to Hell is PAVED with good intentions. Links are below but without changing the spending or ending the fed we are on the Highway To Hell.

http://online.wsj.com/article/SB10001424052748704107204574473450569646952.html?mod=googlenews_wsj

http://repealthe17thamendment.blogspot.com/2009/11/s-604-federal-reserve-sunshine-act-of.html
http://www.cnn.com/2009/OPINION/11/19/bayh.debt.bipartisan.commission/index.htmlhttp://www.reuters.com/article/businessNews/idUSTRE5AL1KX20091122?feedType=RSS&feedName=businessNews&rpc=23&sp=true

http://www.auditthefed.com/government/audit-the-fed-in-the-news/

http://www.forbes.com/forbes/2009/1116/opinions-great-depression-economy-on-my-mind.html

http://www.dollardaze.org/blog/?post_id=00748&cat_id=20

http://www.nytimes.com/2009/11/22/business/22loans.html?_r=3&hp=&pagewanted=all

Pay us back Goldman Sachs!

Or should I say Government Sachs? This is from The Economic Policy Journal and I agree with Janet Tavakoli they should pay us back! Lord I mean Lloyd said he is doing God's work so unless his God is Lord of the Flies he should pay the taxpayers back! He makes all the real capitalists look bad. We do not share in his profits and we should not share in his losses.

Bombshells are falling in light of the new report from Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program. Derivatives specialist Janet Tavakoli of Tavakoli Structured Finance is calling for the undoing of what she views as essentially a Goldman bailout.

Here's NYT's Gretchen Morgenstern with the backstory:

The Fed, under Mr. Geithner’s direction, caved in to A.I.G.’s counterparties, giving them 100 cents on the dollar for positions that would have been worth far less if A.I.G. had defaulted. Goldman Sachs, Merrill Lynch, Société Générale and other banks were in the group that got full value for their contracts when many others were accepting fire-sale prices.

On the question of whether this payout was what the report describes as a “backdoor bailout” of A.I.G.’s counterparties, Mr. Barofsky concluded: “The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably and directly to A.I.G.’s counterparties.” The report noted that this was money the banks might not otherwise have received had A.I.G. gone belly-up...

Mr. Barofsky says the Fed failed to strong-arm the banks when it was negotiating payouts on the A.I.G. contracts. Rather than forcing the banks to accept a steep discount, or “haircut,” the Fed gave the banks $27 billion in taxpayer cash and allowed them to keep an additional $35 billion in collateral already posted by A.I.G. That amounted to about $62 billion for the contracts, which the report describes as “far above their market value at the time.”

Here's what Tavakoli told Morgenstern:The inspector noted in his report that Goldman made several arguments for why it believed it was not materially at risk in an A.I.G. default, but he is skeptical of the firm’s reasoning.So is Janet Tavakoli, an expert in derivatives at Tavakoli Structured Finance, a consulting firm. “On Sept. 16, 2008, David Viniar, Goldman’s chief financial officer, said that whatever the outcome at A.I.G., the direct impact of Goldman’s credit exposure would be immaterial,” she said. “That was false. The report states that if the New York Fed had negotiated concessions, Goldman would have suffered a loss.”

The report says that Goldman would have had difficulty collecting on the hedges it used to insulate itself from an A.I.G. default because everyone’s wallets would have been closing in a panic

“The prices of the collateralized debt obligations against which Goldman bought protection from A.I.G. were in sickening free fall, and the cost of replacing A.I.G.’s protection would have been sky-high,” she said. “Goldman must have known this, because it underwrote some of those value-destroying C.D.O.’s.”

Ms. Tavakoli argues that Goldman should refund the money it received in the bailout and take back the toxic C.D.O.’s now residing on the Fed’s books — and to do so before it begins showering bonuses on its taxpayer-protected employees.

“A.I.G., a sophisticated investor, foolishly took this risk,” she said. “But the U.S. taxpayer never agreed to be a victim of investments that should undergo a rigorous audit.

Janet Tavakoli On Why Meltdown Risk Now Is Greater Than It Was In 2007

Check it out at zerohedge (10-03-09)...here...

http://www.zerohedge.com/article/janet-tavakoli-why-meltdown-risk-now-greater-it-was-200

More here...

http://www.deepcapture.com/the-markit-group-a-black-box-company-that-devastated-markets/

http://www.ritholtz.com/blog/2009/09/americans-have-been-taken-hostage/

http://www.economicpolicyjournal.com/2009/11/tavakoli-undo-goldman-bailout-before.html

http://www.reuters.com/article/businessNews/idUSTRE5AG5PQ20091122?feedType=RSS&feedName=businessNews&rpc=23&sp=true

"President or Jihad?" billboard

OMG lmao the ADL is going to go out of their minds with this one! In the other latest billboard controversy in Missouri I pointed out they see Tea Party protesters as Extremists. Of course the Facist left who whined about free speech during the Bush years will be up in arms you know the drill do as I say not as I do.

This dealership who has every right to express themselves has been receiving threats. What do you think please take THIS POLL.

"A billboard at a Wheat Ridge car dealership — with a caricature of President Barack Obama as a turban- wearing jihadist — has sparked a boycott and death threats, but even more support, its sponsor said.

Phil Wolf, owner of Wolf Automotive, said the billboard asks a legitimate question about Obama's alleged lack of documentation of his American birth.

"President or Jihad?" the billboard reads. "Wake up, America! Remember Fort Hood!"

Wolf said politicians have not been held accountable.

"This man is not telling the truth," Wolf said. "He should prove he's an American."

Bobby Clark of the liberal online network Progress Now Colorado is organizing a boycott of Wolf Automotive. Clark said "birthers" and "teabaggers" like Wolf have been emboldened by mainstream Republican politicians and pundits.

"When people like Rush Limbaugh, Peter Boyles, Glenn Beck and elected officials like Sarah Palin and Sen. Dave Schultheis openly question the president's citizenship and compare him to terrorists, it gives permission to this kind of speech," Clark said. "It's hateful. It's racist. It's outrageous."

Wolf denied he's racist. He said he's written in Alan Keyes, a conservative political activist and African- American, as his presidential choice.

Wolf's cartoonish billboard also drew criticism from the Anti-Defamation League.

"This billboard exploits the recent tragic shooting at Fort Hood in a context replete with bigotry," said ADL Mountain States director Bruce DeBoskey. "It is divisive and offensive, and perpetuates harmful stereotypes about Muslims."

Wolf said that fear of asking the hard questions led to the carnage at Fort Hood by American-born Muslim Nidal Malik Hasan.

"It's a disgrace that political correctness is ruining this country," Wolf said. "We were 'too sensitive' to question Hasan . . . because he's Muslim.

The billboard cost Wolf "a couple thousand dollars," he said, and it might lose him some customers.

"If it does, it doesn't matter," Wolf said. "I've had two ladies go home terrified because of the threats we've had."

Wolf, who owns dealerships in Colorado, Wyoming and Montana, said the Obama administration has ruined the auto industry by interfering in it.

This billboard isn't likely to help sell cars, said Ibrahim Hooper, spokesman for the D.C.-based Council on American-Islamic Relations.

"It's an offensive billboard on several levels," Hooper said. "It's disrespectful of the presidency and Islam. It's a racist depiction as well."

You can read about it in full here.

http://www.denverpost.com/search/ci_13837289

http://bluelori.blogspot.com/2009/11/billboard-prepare-for-war-live-free-or.html

http://www.jeffhead.com/sjs/index.htm

http://www.kdvr.com/news/kdvr-obama-billboard,0,2153411.poll

Billboard- " PREPARE FOR WAR--LIVE FREE OR DIE!"

VIDEO

• Obama Nation Billboard Draws Attention

Do you remember the Obama-Nation billboard that drew National attention (above) and a lot of controversy? This billboard is the replacement. It seems they are blaming this on Republicans simply because a Republican blog featured it but I would say it looks more the work of Libertarians. The New Billboard reads:

"A Citizens Guide to Revolution of a corrupt government."
1. Starve the Beast.
2. Vote out incumbents.
3. If steps, 1 & 2 fail?

PREPARE FOR WAR--LIVE FREE OR DIE!"

Is this far fetched? Not when you consider all the talk of secession from Obama's America. The ADL sure is not going to like this. They see even the Tea Party protester's as Extremists! Make sure to see the latest billboard controversy HERE.

http://www.kctv5.com/news/21176602/detail.html

http://www.google.com/search?rlz=1C1CHNQ_enUS345US345&sourceid=chrome&ie=UTF-8&q=lafayett+county,+missouri+new+billboard+live+free+or+die

http://www.lewrockwell.com/spl/secession-from-obamas-america.html

http://www.adl.org/PresRele/Extremism_72/5655_72.htm

http://texas.tenthamendmentcenter.com/2009/11/will-texas’-state-sovereignty-be-a-major-issue-in-the-battle-for-the-republican-governor’s-race/

http://bluelori.blogspot.com/2009/11/president-or-jihad-billboard.html

SNL The Thrill Is Gone They Roast BO again!

Either the thrill is gone from Saturday Night Live or they have come to their senses and decided to try to be funny again rather then pushing their own agenda.

Wow this is quite a spoof!

http://bighollywood.breitbart.com/asking/2009/10/12/obama-spoofs-snl-chooses-unfunny-over-hurting-their-guy/#idc-ctools.

Peter Schiff they are debasing our dollar there is no Gold bubble Fed not Independent

If there really was confidence in our financial system Gold would not be rising they are debasing our dollar.  How right Peter is and he points out how Geithner blaming the past administration is nothing short of a joke. The Fed is more to blame then Congress and Tax Cheat Tim is part of the problem. He goes on to point out how the Fed is not acting like an independent agency.

Poll: More blame Democrats for recession RACISTS!

It couldn't be something like the fear of higher taxes or regulations quick public perception is changing break that glass and pull out the Race Card!

From Newsreal

The vast, racist conspiracy against Barack Obama is no longer limited to evil 9/12 protesters, Fox News, and those who utter the obviously racist code word “socialist.” According to an MSNBC talk show host, it has spread to Wall Street, which is deliberately prolonging the recession to keep the black man down.

On Tuesday night’s episode of The Ed Show, host Ed Schultz asked NAACP president and CEOBen Jealous if he agreed America was in recession because “there are maybe some institutions on Wall Street that do not want to see a black president succeed?” Jealous, to his credit, disagreed. (You can watch the question at 4:52 in this video.

Visit msnbc.com for Breaking News, World News, and News about the Economy

Visit msnbc.com for Breaking News, World News, and News about the Economy

N.B. how Jealous’s mouth involuntarily contorts into an Elvis lip-sneer when Ed launches into Louis Farrakhan territory.)

Ed Schultz: “Mr. Jealous, I’m going ask you a direct question here tonight, and it has not been talked about in the media, but I’ve thought about this in recent weeks, because the credit should not be this tight as much as the American taxpayer has done for Wall Street: Do you think that there are maybe some institutions on Wall Street that do not want to see a black president succeed, and that’s why the money is tight?”

Ben Jealous: “I don’t think that’s the case. I don’t think that’s the case. I don’t subscribe to those theories…We’ve got to stop focusing on race, start focusing on reality, which is all of us are hurting. What a theory: Wall Street has lost billions of dollars in wealth to spite the president. Good thinking, Ed!

This rebuttal of a theory Schultz admitting thinking about for “weeks” is no small story, coming from the organization that blamed George W. Bush for James Byrd’s murder, and that is headed by Julian Bond, who wrote a comic book in 1967 presenting Ho Chi Minh as a freedom fighter and comparing the Viet Cong to colonial Minutemen.

Jealous was right, of course. The economy is bad, and blacks are hit harder than other Americans. That should make every black American think twice about uncritically supporting a job-killing president — who shuffled from Hawaii to Harvard, from Hyde Park to Pennsylvania Avenue — because they happen to share an ethnicity. Not only is that racist; it’s counterproductive. Those who maintain uncritical support for Obama will eventually be forced to seek solace in conspiracy theories spun by pale leftists like Schultz. For the moment, at least some are unwilling to go that far.

How crazy do you have to be to be repudiated by an organization as left-wing as the NAACP has become? Crazy enough to host a show on MSNBC.

I guess you get thrown out of your Race if you dare have a different opinion!

To see how worried people are one only has to look over the countless articles pertaining to a collapse/depression and if that occurs we will all be in the same boat.

http://newsrealblog.com/2009/11/19/msnbc-blames-recession-on-a-racist-wall-street-conspiracy-naacp-president-becomes-the-voice-of-reason/
http://www.atr.org/breaking-full-list-tax-hikesbr-senate-a4227#
http://www.cnn.com/2009/POLITICS/11/20/poll.recession/index.html?eref=rss_politics&iref=polticker
http://whiskeyandgunpowder.com/the-top-ten-things-to-worry-about-surviving-in-a-bad-economic-climate/
http://johngaltfla.com/blog3/2009/11/18/the-day-the-dollar-died/
http://thehill.com/homenews/house/68451-jackson-you-cant-vote-against-healthcare-and-call-yourself-a-black-man=