Bringing my last blog post forward below is a financial expert which I've cited several times giving his take on disruptive town hall meetings, scared politicians.
"Politicians: Wake The Hell Up
by Karl Denninger
On the eve of the August recess, members are reporting meetings that have gone terribly awry, marked by angry, sign-carrying mobs and. In at least one case, a congressman has stopped holding town hall events because the situation has spiraled so far out of control.
“I had felt they would be pointless,” Rep. Tim Bishop (D-N.Y.) told POLITICO, referring to his recent decision to suspend the events in his Long Island district. “There is no point in meeting with my constituents and [to] listen to them and have them listen to you if what is basically an unruly mob prevents you from having an intelligent conversation.”
Well Tim, guess what: you work for your constituents, not the other way around.
It would appear to this commentator that the Reps and Senators who feel "besieged" by their constituents in town hall meetings might have paid better attention in September and October when they were told by 300:1 margins not to pass the EESA/TARP bill.
Or when they were told repeatedly to NOT try to advance amnesty for illegal aliens and refuse to enforce our immigration laws.
Or when they were told repeatedly to quit bailing out the irresponsible, looking the other way while the populace is looted systematically by those in the banking and other "coddled" industries.
There are a whole host of issues like this, and Congress seems to think (because it has gotten away with it for years) that ignoring the voters is not only acceptable, but is indeed a good idea.
Let me remind Mr. Bishop, along with the other Congressfolk, that the entirety of our government serves at our pleasure, not the other way around. Specifically, let me cite The Declaration of Independence:
....That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness....
Loud voices of dissent and sign-waving constituents are an unmistakable sign that our government has pressed the line of tolerance, and may, if it does not reverse course, exceed it.
And before someone claims that I am some sort of "right-wing nut" or similar, let me point out that the above text is not mine - they are the words of the founders of our nation, who believed that absent consent government does not exist - that's tyranny, not government.
Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
How close to the line has our government come?
I have no idea, but this much I do know: I do not want to discover that the line has been crossed.
Our government has become an unacceptable and unaccountable den of liars and thieves, and the people are getting tired of it. The evidence of extreme dissatisfaction, which may rise beyond the soapbox and ballot box if this trend is not reversed and soon, is clear. Nobody with a shred of intelligence wants to see the inevitable outcome of a government that refuses to follow the law itself, refuses to prosecute criminal wrongdoing by favored parties, and refuses to listen to the electorate on the issues of the day, instead mollycoddling those who have committed massive fraud upon the public and giving them hundreds of billions of dollars in hand-outs funded by the very people they ripped off in the first place!"
Video was part of this article. Email and call your congress persons.
YouTube - Congressman Tim Bishop Encounters Angry Citizens at Townhall Meeting
"Town halls gone wild
"Screaming constituents, protesters dragged out by the cops, congressmen fearful for their safety — welcome to the new town-hall-style meeting, the once-staid forum that is rapidly turning into a house of horrors for members of Congress.
On the eve of the August recess, members are reporting meetings that have gone terribly awry, marked by angry, sign-carrying mobs and disruptive behavior. In at least one case, a congressman has stopped holding town hall events because the situation has spiraled so far out of control.
“I had felt they would be pointless,” Rep. Tim Bishop (D-N.Y.) told POLITICO, referring to his recent decision to temporarily suspend the events in his Long Island district. “There is no point in meeting with my constituents and [to] listen to them and have them listen to you if what is basically an unruly mob prevents you from having an intelligent conversation.”
In Bishop’s case, his decision came on the heels of a June 22 event he held in Setauket, N.Y., in which protesters dominated the meeting by shouting criticisms at the congressman for his positions on energy policy, health care and the bailout of the auto industry.
Within an hour of the disruption, police were called in to escort the 59-year-old Democrat — who has held more than 100 town hall meetings since he was elected in 2002 — to his car safely.
“I have no problem with someone disagreeing with positions I hold,” Bishop said, noting that, for the time being, he was using other platforms to communicate with his constituents. “But I also believe no one is served if you can’t talk through differences.”
Bishop isn’t the only one confronted by boiling anger and rising incivility. At a health care town hall event in Syracuse, N.Y., earlier this month, police were called in to restore order, and at least one heckler was taken away by local police. Close to 100 sign-carrying protesters greeted Rep. Allen Boyd (D-Fla.) at a late June community college small-business development forum in Panama City, Fla. Last week, Danville, Va., anti-tax tea party activists claimed they were “refused an opportunity” to ask Rep. Thomas Perriello (D-Va.) a question at a town hall event and instructed by a plainclothes police officer to leave the property after they attempted to hold up protest signs.
The targets in most cases are House Democrats, who over the past few months have tackled controversial legislation including a $787 billion economic stimulus package, a landmark energy proposal and an overhaul of the nation’s health care system.
Democrats, acknowledging the increasing unruliness of the town-hall-style events, say the hot-button issues they are taking on have a lot to do with it.
“I think it’s just the fact that we are dealing with some of the most important public policy issues in a generation,” said Rep. Bruce Braley (D-Iowa), who was confronted by a protester angry about his position on health care reform at a town hall event several weeks ago.
“I think in general what is going on is we are tackling issues that have been ignored for a long time, and I think that is disruptive to a lot of people,” said Bishop, a four-term congressman. “We are trying, one by one, to deal with a set of issues that can’t be ignored, and I think that’s unsettling to a lot of people.”
Freshman Rep. Dan Maffei (D-N.Y.), whose event at a Syracuse middle school was disrupted, said that he still planned to hold additional town halls but that he was also thinking about other options.
“I think you’ve got to communicate through a variety of different ways. You should do the telephone town hall meetings. You should do the town hall meetings. You should do the smaller group meetings,” said Maffei. “It’s important to do things in a variety of ways, so you don’t have one mode of communication.”
“You’re going to have people of varying views, and in this case, you’ve got the two extremes who were the most vocal,” Maffei said of the flare-up at his July 12 event.
On Tuesday, Rep. Chris Van Hollen (D-Md.), who handles incumbent retention duties for House Democrats in addition to chairing the Democratic Congressional Campaign Committee, met with freshman members to discuss their plans for the monthlong August recess. While the specific issue of town hall protesters never came up, according to sources familiar with the meeting, he urged them not to back away from opponents.
“He said, ‘Go on offense. Stay on the offense. It’s really important that your constituents hear directly from you. You shouldn’t let a day go by [that] your constituents don’t hear from you,’” said one House Democratic leadership aide familiar with the meeting.
Some members profess to enjoy the give-and-take of the town halls, even if lately it’s become more take than give.
“Town halls are a favorite part of my job,” said Rep. Russ Carnahan (D-Mo.), a third-term congressman from St. Louis who noted that a “handful” of disruptions had taken place at his meetings. “It’s what I do. It’s what I will continue to do.”
“People have gotten fired up and all that, but I think that’s what makes town halls fun,” said Perriello, a freshman who is among the most vulnerable Democrats in 2010. “I think that most of the time when we get out there, it’s a good chance for people to vent and offer their thoughts. It’s been good.”
“I enjoy it, and people have a chance to speak their mind,” he said.
Both Carnahan and Perriello said they were plunging forward with plans to hold more town hall meetings.
Republicans, with an eye toward 2010, are keeping close track of the climate at Democratic events.
“We’ve seen Russ Carnahan, we’ve seen Tim Bishop, we’ve seen some other people face some very different crowds back home,” said National Republican Congressional Committee Chairman Pete Sessions (R-Texas). “The days of you having a town hall meeting where maybe 15 or 20 of your friends show up — they’re over. You’ve now got real people who are showing up — and that’s going to be a factor.”
Asked later how or whether the GOP would use the confrontations against Democrats, Sessions responded: “Wait till next year.”
But Democrats are quick to point out they’re not the only ones facing hostile audiences. They single out Rep. Mike Castle (R-Del.), who found himself in a confrontation earlier this month with a “birther” protester, and insist that Republicans face a backlash of their own if it appears the party is too closely aligned with tea party activists or other conservative-oriented protesters.
“It’s a risk that they align themselves with such a small minority in the party,” said Brian Smoot, who served as political director at the Democratic Congressional Campaign Committee in the past election cycle. “They risk alienating moderates.”
Read more: http://www.politico.com/news/stories/0709/25646.html#ixzz0MqpQFkoO
Another piece of the puzzle.
"Mexico on the brink
"Felipe Calderón says drug cartels threaten Mexico's democracy. But his effort to crush them are damaging its society.
Last month, President Felipe Calderón announced that Mexico was at a crossroads: the country's drug cartels had grown so powerful that they now posed a threat to future of Mexican democracy. As if to underscore his point, the country was last week gripped by a fresh wave of brutal violence, as heavily-armed gunmen laid siege to police stations across Calderón's home state, left a dozen federal agents dead by the side of a mountain highway and assassinated the mayor of a northern ranching town.
The cartels' brazen attacks point to their evolution from ragged criminal collectives into de facto military organisations. Better funded, better trained and far more heavily armed than the police officers attempting to contain them, they now more closely resemble Colombia's Farc rebels than any conventional street gang.
Like the Farc, the cartels are seeking to control neighbourhoods and even entire regions. Oversized banners proclaiming the gangs' dominance are common sights in public spaces across the country, and cartel leaders' orders can drive police chiefs from office or help propel sympathetic politicians to electoral victory. Amid last week's violence, one cartel capo even tried to dictate terms for a ceasefire to the federal government. His offer was rebuffed but stood as further testimony to the cartels' increasing well-founded confidence.
So, could Mexico be on the brink of a Colombia-style conflagration? A descent into open conflict is no longer unthinkable. Around 11,000 people have died since the government started pushing back against the drug cartels, and reports from the Rand Corporation and the Pentagon recently concluded that if left unchecked, the spiralling violence could conceivably lead to the collapse of the Mexican state.
Still, such an outcome remains highly unlikely. Unlike Colombia's rebels, Mexico's drug gangs are less interested in overthrowing the government than in maximising the profits from their drug-running and human-trafficking operations. A more pressing concern is that in striving to crush the cartels, Calderón might himself do lasting damage to Mexican society.
Borrowing from the playbook of his Colombian counterpart, the Mexican leader has taken a tough line in the battle against the drug gangs, treating the violence as an insurgency rather than a crime-wave and ordering tens of thousands of federal troops onto the streets to restore order. That strategy – facilitated by hundreds of millions of dollars in US military aid – has met with some success. The army has made tens of thousands of arrests and seized tons of cocaine and other drugs.
But Calderón's security forces are nowhere near delivering a knockout blow to the drug runners. A recent surge of 10,000 troops failed to stem violence in Ciudad Juarez, and there's little indication that the 5,000 extra soldiers deployed in response to last week's violence will meet with much more success. Each high-level arrest sparks a new round of retaliatory attacks and infighting as the cartels scramble for position, but does little to disrupt the cartels' core businesses. Mexico's $25bn-a-year drug-running and human-trafficking industries continue unabated.
And there are serious downsides to Calderón's strong-arm approach. Battling savage, shadowy drug gangs has brought out the worst in the Mexican military, who have swiftly gained a reputation for brutality and stand accused of abuses ranging from rape and torture to extrajudicial killings and illegal detentions. Since the armed forces are essentially self-regulating, troops commit such acts with virtual impunity. A recent Human Rights Watch report documented dozens of incidents of abuse but failed to find a single case in which military investigators had obtained a conviction.
In any case, while sending in federal troops plays well with Mexican voters, it's hardly a long-term solution. By sidelining local police forces and judiciaries, Calderón is allowing Mexico's regional law-enforcement infrastructure to continue to atrophy, making the country ever-more dependent on the military to keep the cartels in check. With the armed forces only proving able to fight the drug gangs to a jittery stalemate, Calderón's strategy appears to be paving the way for a troubling long-term militarisation of Mexican society.
Disappointingly, Washington has so far endorsed Calderón's approach. Under the Merida Initiative, hundreds of millions of dollars in US aid are being shipped south to buy bigger guns and high-tech toys for the federal security forces.
Virtually nothing, however, is being spent on cleaning up or strengthening local law enforcement. In fact, 90% of Mexico's police forces – some 325,000 officers – won't receive a dime's worth of equipment or training under current aid plans. Worse, the human-rights standards upon which the aid was originally contingent have been substantially diluted – and it's far from clear whether even those watered-down guidelines will actually be enforced in any meaningful way.
The US – whose drug and immigration policies created the markets so successfully exploited by Mexico's cartels, and whose arms sellers supply nine out of 10 of the weapons used by their gunmen – can't simply stand by while her southern neighbour falls to pieces. But neither should she seek to tackle the crime wave with a carbon-copy of Plan Colombia.
Putting Mexico back on track will require the US to take a more holistic approach, curbing her own appetite for drugs while seeking to strengthen and modernise her neighbour's local law-enforcement infrastructure.
Despite Calderón's tough-man swagger, relying on military force alone will only make matters worse."
"China's national flag to go up in White House on Sept 20
By Hou Lei (chinadaily.com.cn)
Updated: 2009-07-13 16:45
"The national flag of the People's Republic of China (PRC) will be hoisted at the South Lawn of the White House in Washington on September 20, media reported Sunday.
Chinese associations in the United States had applied to hold a ceremony in front of the US President’s residence to celebrate the 60th anniversary of the founding of PRC.
Chen Ronghua, chairman of Fujian Association of the United States, told reporters that their application was approved not only because of the sound Sino-US relations but also because China is a responsible country.
"Many Americans admire China due to the success of last year’s Beijing Olympics," said Chen.
More than 1,000 people will attend the ceremony and the performances held after it, according to Zhao Luqun, who will direct the performances.
Zhao said the performances will demonstrate the friendship, magnanimous spirit and kindness of modern Chinese people."
Politicians love to make people think they have their best interest at heart when it translates to the opposite in real life. Some of you are going to love this.
Quoted as written:
"Barney Frank: Shut The F$%k Up
July 29 (Bloomberg) -- House Financial Services Committee Chairman Barney Frank threatened to revive the mortgage “cram- down” bill that stalled in Congress this year, saying lenders aren’t being aggressive enough in modifying troubled home loans.
Cram-downs let federal judges lengthen terms, cut interest rates and reduce mortgage balances of bankrupt homeowners, even if the lender objects. Congress gave the mortgage industry every legislative tool it requested to allow them to more easily modify loans for those facing foreclosure, and the results have been below expectations, Frank said in a statement today.
Americans: He's lying but he desperately wants you think he cares about you.
He does not.
Here's the math:
There are about ~13-15 million homes that are underwater in this country - that is, the mortgage outstanding exceeds the current market value.
The math takes a bit to derive but this is the best guess I've got given the data available in the various MSAs, the decline in Case-Schiller, bubble pricing the new and existing home sales from 2003 to present.
The average home that is underwater is at helium depth to the tune of about $75,000. Some much more ($300,000) and some significantly less (e.g. $20,000.)
Now let's modify them all so they're no longer underwater! That is, simply forgive principal down to current market value.
Ok: That's 975 billion dollars, or close to a trillion.
Guess who eats it? The banks. What happens if the banks are forced to recognize a trillion dollars in losses that they have (so far successfully) managed to shove under the carpet and pretend that they do not exist?
The banks are not modifying these loans in that fashion not because they want to be "mean", but rather because on a market value basis for these loans they are all insolvent right now and have been for over a year, as I have repeatedly outlined in The Ticker.
Indeed, it is precisely this issue that led me to begin writing Tickers in the first place, beginning with Washington Mutual in the Spring of 2007!
This sort of "book-cooking" is outrageous and it is in fact exactly what Japan did when their banks got in trouble doing the very same thing - blowing an asset bubble by lending into it at Warp 9 with no prayer of being able to recover anything close to the lent value on a foreclosure.
The banks' only hope is to keep "extending and pretending", falsifying the claimed "value" of these loans, praying that they can get away with it for literally a decade or more (much as they did in Japan) while they charge you 30% interest on your credit card to "earn their way out" of the hole, thereby avoiding self-immolation.
Any action that forces them to recognize the market value of these properties causes all of them to blow up instantly as it reveals that the value of their assets are vastly less than liabilities.
That is the definition of insolvency.
As such unless Barney Frank is prepared to send in the FDIC to close Citibank, Wells Fargo, Bank of America and dozens of other large and midsize banks right here and now this is just more hot air out of the well-used pie-hole of a guy who has never met a banking interest he didn't serve and protect.
And oh, by the way, if you think Bernanke has "fixed" anything, go read the above text again.
"Swine Flu Shot May Rely on Emergency Use of Additives (Update1)
By Tom Randall and Gary Matsumoto
"July 29 (Bloomberg) -- Swine flu vaccine makers may rely on a U.S. emergency declaration to use experimental additives made by GlaxoSmithKline Plc and Novartis AG to boost a limited supply of shots that will be available to fight the pandemic.
The ingredients, known as adjuvants, may be added for the first time to flu shots in the U.S. Health officials today are meeting to discuss the additives at the U.S. Centers for Disease Control and Prevention in Atlanta, and to recommend who should receive the limited amount of vaccines drugmakers say they will begin delivering in September or October.
The U.S. Health and Human Services Department declared a public health emergency over swine flu in April, and the Food and Drug Administration has the power to allow the use of unapproved medical products during such a crisis. The U.S. has been slow to approve the use of adjuvants because of safety concerns, and for fear of giving Americans an excuse to avoid getting the shots, said John Treanor, a University of Rochester researcher.
“The question is, do you really feel comfortable throwing this new thing into the mix and do you really need to?” said Treanor, a professor of medicine, microbiology and immunology at the school in Rochester, New York. “I myself, if I had to do it, would really wrestle with that decision.”
The CDC agreed to pay London-based Glaxo and Novartis, based in Basel, Switzerland, more than $415 million for adjuvants that could be added to the swine flu vaccines, according to a July 13 statement.
Adjuvants may not be necessary if enough shots can be produced without them, according to Health and Human Services. That possibility got a boost today from authorities at the CDC, who said 40 million shots of unadjuvanted vaccine may be available in September, earlier than previously reported, with 80 million more doses ready in October.
A safety concern was raised in 2004 when researchers at the University of Florida in Gainesville reported that mice injected with oils used in the adjuvants developed conditions of the type that occur when the body’s immune system produces an excessive protective reaction. Similar reactions haven’t been seen in humans.
MF59, made by Novartis and sold in Europe, has been given to more than 40 million people, mostly adults, to prevent seasonal flu, according to the company. Glaxo’s adjuvant has proven safe and effective in clinical trials with 39,000 people, said Lisa Behrens, a spokeswoman for the company, in an e-mail. Glaxo will conduct more studies and continue to monitor safety after the vaccines are in use, she said.
Under the U.S. health emergency, the FDA may authorize the use of unlicensed vaccines, according to Peper Long, an agency spokeswoman. The FDA convened an advisory committee July 23 to consider what trials are necessary for the vaccines’ approval. Advisory committees consist of medical experts who provide guidance to the agency.
Swine flu’s full force may reach the U.S. earlier than the typical flu season, according to the CDC. Vaccine makers are racing to make shots by mid-October, when cases are expected to rise in the northern hemisphere, fueled by cooler temperatures and the return of pupils to close quarters of classrooms.
The World Health Organization, based in Geneva, has said the H1N1 influenza, as the pandemic flu is known, is moving with “unprecedented speed.” The flu spread farther globally in less than six weeks than previous pandemics have in more than six months, the Geneva-based agency said on its Web site on July 17. Global health authorities have stopped counting the number of cases and the CDC says more than 1 million people Americans have been sickened by the virus.
The vaccine makers have found it difficult to cultivate the quantities of virus needed for vaccine, as the strain yields 50 percent to 75 percent less antigen, the substance that induces immunity, compared with a typical seasonal flu strain, according to the WHO. The virus didn’t initially grow well in eggs, the principal medium used by the industry, vaccine makers said.
In the last week, scientists have been able to improve yields in eggs for the first time, which should ease pressure on manufacturers, Robin Robinson, chief of the Biomedical Advanced Research Development Authority, the U.S. agency in charge of buying the vaccine, said today. A decision on adjuvant use hasn’t been made, he said.
Mixing Oil, Water
The adjuvants are mixes of oil and water that -- by stimulating the immune system -- offer a way to boost the body’s response to antigen. Adjuvants, whose effectiveness vary by flu strain, may boost the strength of the antigen as much as 10- fold, as was the case with a bird flu vaccine approved in Europe, said Treanor, of the University of Rochester. By adding an adjuvant the same amount of antigen can be used to treat more people, he said.
“Until GlaxoSmithKline and Novartis can show me it won’t harm a rat or guinea pig, I think it’s a bad idea to give it to humans,” Vicky Debold, a registered nurse with a Ph.D. in public health, who is a member of the FDA’s advisory committee for reviewing vaccines, said July 27 in an interview.
The U.S. never had to consider the risks of an adjuvant because regular flu vaccines were deemed to have “worked so tremendously well,” said Lone Simonsen, research director in the department of global health at George Washington University in Washington.
“We have had a safe experience with the MF59-adjuvanted vaccine in Italy and Spain for many years now,” Simonsen said. “That experience we can lean on. That’s going to be the best data we have in time for using adjuvanted vaccines.”
CSL Ltd., which has a $180 million order to supply bulk H1N1 antigen to the U.S. government, decided against boosting its vaccine with an adjuvant, preferring to use a formulation more closely resembling the seasonal flu shot, said Mary Sontrop general manager of the Melbourne-based company’s biotherapies unit.
The U.S. has contracts with five companies to provide flu shots. Novartis, based in Basel, Switzerland, is responsible for 45 percent of the supply, while Sanofi will provide 26 percent and CSL will make 19 percent, said Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases in Bethesda, Maryland, in an interview last week.
The remaining doses will be made by Glaxo and London-based drugmaker AstraZeneca Plc."
Last Updated: July 29, 2009 13:25 EDT
Found this video on another site. Seems expecially pertinent now.
You decide for yourselves.
"Hispanic Caucus Tells Pelosi That Health Bill Just Right To Give Full Coverage To Illegal Aliens
By Roy Beck, Sunday, July 26, 2009, 10:28 PM
"You know we are in trouble when the supporters of a massive taxpayer health benefit giveaway to illegal aliens say the current House plan is just right. The authoritative ROLL CALL publication says Hispanic Caucus Members told it confidentially that the Caucus told Speaker Pelosi not to change a thing because as written illegal aliens will get the benefits.
CHC Presses Pelosi to Include Illegal Immigrants in Health Bill
-- Headline about CHC (Congressional Hispanic Caucus) by Jennifer Bendery in the Roll Call newspaper (July 24, 2009)
Interestingly, the article also says that CHC Chairwoman Nydia Velázquez (D-N.Y.) said that only "documented immigrants" were discussed.
But the reporter got quite a different story from other CHC Members who talked off the record.
A CHC member, who requested not to be identified, said the group is urging Pelosi to ensure that everyone — including illegal immigrants — will be able to receive services . . . 'We’re pushing to include everyone in the health care bill. Everyone,' said one CHC member.
-- Roll Call
So, what does CHC want Pelosi to add to the House Health Bill to make sure 12-20 million illegal aliens get full taxpayer-paid health coverage?
That is because CHC apparently feels that the House Bill as written pretty well guarantees the coverage. Look:
Asked if CHC leaders will ask Pelosi to specifically spell something out in the bill to address illegal immigrants, the Member said no. Rather, the Member said the CHC simply wants to make sure the bill — as drafted — doesn’t prohibit illegal immigrants from accessing care.
-- Roll Call
Our allies on the Hill have been making just this point. Speaker Pelosi and others have been trying to say that the House plan doesn't cover illegal aliens because it doesn't specifically say that it does. Our allies, however, point out that unless legislation specifically bars illegal aliens from anything -- and requires verification -- illegal aliens always end up getting the benefit.
The fact that the Hispanic Caucus appears to be satisfied with the language the way it is suggests that our allies are right.
Roll Call reported that the CHS emphasized to Pelosi that she must block any language that would restrict the federal health plan to illegal aliens.
Once again, it appears that the Hispanic Caucus cares more about illegal aliens than Hispanic American citizens.
We will continue to provide multiple opportunities through the week for NumbersUSA members to fight this incredible reward for immigration lawbreakers. At a time when negotiations are breaking down because of the gigantic projected costs of the House plan and as lawmakers try to find ways to cut benefits to -- and increase taxes on -- U.S. citizens, it is most telling that so many Members of Congress are insistent on protecting beneifts for illegal aliens.
Any federal health plan must include verifiable prohibitions against inclusion of foreign citizens who are illegally in this country.
ROY BECK is Founder & CEO of NumbersUSA
"Invisible RFID Ink Safe For Cattle And People, Company Says
The process developed by Somark involves a geometric array of micro-needles and an ink capsule, which is used to 'tattoo' an animal. The ink can be detected from 4 feet away.
InformationWeek January 10, 2007 04:49 PM
"A startup company developing chipless RFID ink has tested its product on cattle and laboratory rats.
Somark Innovations announced this week that it successfully tested biocompatible RFID ink, which can be read through animal hairs. The passive RFID technology could be used to identify and track cows to reduce financial losses from Bovine Spongiform Encephalopathy (mad cow disease) scares. Somark, which formed in 2005, is located at the Center for Emerging Technologies in St. Louis. The company is raising Series A equity financing and plans to license the technology to secondary markets, which could include laboratory animals, dogs, cats, prime cuts of meat, and military personnel.
Chief scientist Ramos Mays said the tests provide a true proof-of-principle and mitigate most of the technological risks in terms of the product's performance. "This proves the ability to create a synthetic biometric or fake fingerprint with biocompatible, chipless RFID ink and read it through hair," he said.
Co-founder Mark Pydynowski said during an interview Wednesday that the ink doesn't contain any metals and can be either invisible or colored. He declined to say what is in the ink, but said he's certain that it is 100% biocompatible and chemically inert. He also said it is safe for people and animals.
The process developed by Somark involves a geometric array of micro-needles and a reusable applicator with a one-time-use ink capsule. Pydynowski said it takes five to 10 seconds to "stamp or tattoo" an animal, and there is no need to remove the fur. The ink remains in the dermal layer, and a reader can detect it from 4 feet away.
"Conceptually, you can think of it in the same way that visible light is reflected by mirrors," he said, adding that the actual process is slightly different and proprietary.
The amount of information contained in the ink depends on the surface area available, he said. The U.S. Department of Agriculture calls for a 15-digit number to track cattle. The first three digits are "840" for the U.S. country code. The remaining digits are unique identifiers. The numbers would link to a database containing more information.
"It can say where it has been, who it has talked to, who it has eaten with, and who else it has been in contact with," Pydynowski said.
Ranchers and others in the agricultural industry can choose a covert stamping system, which would make it impossible for cattle thieves to tell which animals have been marked and easy for those checking for stolen cattle to determine a cow's source. Pydynowski said the technology is an improvement over ear tags, which can be detached from cows and other products.
The technology could verify that cuts of meat originated in a hormone-free environment, Pydynowski said, adding that consumers would destroy the system by breaking down the ink when chewing the meat. In other words, Big Brother wouldn't know whether someone ate a Big Mac or a filet mignon, according to Pydynowski's explanation. However, the government and agricultural producers and retailers could track e-coli outbreaks in spinach, he said.
The ink also could be used to track and rescue soldiers, Pydynowski said.
"It could help identify friends or foes, prevent friendly fire, and help save soldiers' lives," he said. "It's a very scary proposition when you're dealing with humans, but with military personnel, we're talking about saving soldiers' lives and it may be something worthwhile."
This is a must read article, cuts to the chase.
Yet another highly critical, very vocal opinion. Yes I want a through investigation from the bottom up and for the rule of law to prevail.
Would love to see Paulson, Bernanke and little Timmy on "Lie to Me."
Kudos for Governor Perry, hope more follow his lead.
"Perry raises possibility of states' rights showdown with White House over healthcare
By DAVE MONTGOMERY
"AUSTIN — Gov. Rick Perry, raising the specter of a showdown with the Obama administration, suggested Thursday that he would consider invoking states’ rights protections under the 10th Amendment to resist the president’s healthcare plan, which he said would be "disastrous" for Texas.
Interviewed by conservative talk show host Mark Davis of Dallas’ WBAP/820 AM, Perry said his first hope is that Congress will defeat the plan, which both Perry and Davis described as "Obama Care." But should it pass, Perry predicted that Texas and a "number" of states might resist the federal health mandate.
"I think you’ll hear states and governors standing up and saying 'no’ to this type of encroachment on the states with their healthcare," Perry said. "So my hope is that we never have to have that stand-up. But I’m certainly willing and ready for the fight if this administration continues to try to force their very expansive government philosophy down our collective throats."
Perry, the state’s longest-serving governor, has made defiance of Washington a hallmark of his state administration as well as his emerging re-election campaign against U.S. Sen. Kay Bailey Hutchison in the 2010 Republican primary. Earlier this year, Perry refused $555 million in federal unemployment stimulus money, saying it would subject Texas to long-term costs after the federal dollars ended.
Interviewed after returning from a trip to Iraq and Afghanistan, Perry spoke out against President Barack Obama’s healthcare package less than 24 hours after the president used a prime-time news conference Wednesday night to try to sell the massive legislative package to Congress and the public.
'Not the solution’
"It really is a state issue, and if there was ever an argument for the 10th Amendment and for letting the states find a solution to their problems, this may be at the top of the class," Perry said. "A government-run healthcare system is financially unstable. It’s not the solution."
Perry heartily backed an unsuccessful resolution in this year’s legislative session that would have affirmed the belief that Texas has sovereignty under the 10th Amendment over all powers not otherwise granted to the federal government.
In expressing "unwavering support" for the 10th Amendment resolution by state Rep. Brandon Creighton, R-Conroe, Perry said "federal government has become oppressive in its size, its intrusion into the lives of our citizens and its interference with the affairs of our state."
Returning to the "letter and spirit" of the 10th Amendment, he said in April, "will free our state from undue regulations and ultimately strengthen our union."
Perry, in his on-air interview Thursday with Davis, did not specify how he might use the 10th Amendment in opposing the Obama health plan. His spokeswoman, Allison Castle, said that the governor’s first goal is to defeat the plan in Congress and that any discussion of options beyond that would be "hypothetical."
"I don’t think it’s surprising that the governor is taking a stand against it," said Anne Dunkelberg, associate director of the Center for Public Policy Priorities, an Austin-based research organization that supports the House version of Obama’s plan. "Unfortunately, the national dialogue on health reform has been extraordinarily partisan and polarized."
The White House Media Affairs Office, asked to comment on Perry’s statements, did not have an immediate response. In his remarks to the nation Wednesday, Obama restated his midsummer deadline for passage of the bill in Congress, saying it is urgently needed to help families "that are being clobbered by healthcare costs."
High stakes in Texas
Texas has a higher percentage of uninsured people than any other state, with 1 in 4 Texans lacking health coverage. Dunkelberg, whose organization supports policies to help low- and modest-income Texans, said the House version would create a "predictable and comprehensive benefits package" for thousands of struggling middle-income Texans.
Former Rep. Arlene Wohlgemuth of Burleson, a senior fellow for healthcare at the conservative Texas Public Policy Foundation, echoed Perry’s assertion that the Obama plan is the wrong approach and could have disastrous financial consequences for Texas.
Under the Senate version of the bill, she said, an expansion of the joint federal-state Medicaid program for the poor could cost Texas $4 billion a year.
"There are good solutions" to the country’s healthcare problems, Wohlgemuth said. "This isn’t it."
Perry said the plan is another example of the Obama administration’s "massive takeover of the private-sector economy."
"I hope our leaders will look for solutions that don’t dig our country further into debt," he said.
Perry called on Texans in the House and Senate to oppose the plan. "I can’t imagine that anyone from Texas who cares about this state would vote for Obama Care. I don’t care whether you’re Democrat or Republican," he said.
Of those Texans who might consider supporting the plan, he said: "This may sound a little bit harsh, but they might ought to consider representing some other state because they’re sure not representing Texas."
DAVE MONTGOMERY, 512-476-4294"
Sent by a friend, hope you enjoy!!
8:30 easy listen video that explains volumes.
"Ratigan, Spitzer And Toure Clarify The Fed’s Obsession With Secrecy
July 24th, 2009 by Tyler Durden
"MSNBC's explanatory take on how the Federal Reserve "bailed" the system out and why the Fed is so keen on perpetuating the secrecy.
Eliot Spitzer: "The Fed is a Ponzi scheme, an inside job, it is outrageous, it is time for congress to say enough of this"
Found this link via Zero Hedge.
"SEC responds to GATA's complaint against Goldman Sachs
Submitted by cpowell on Fri, 2009-07-24 01:22.
United States Securities and Exchange Commission
Washington, D.C. 20549
July 20, 2009
Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
7 Villa Louisa Road
Manchester, Connecticut 06043-7541
Dear Mr. Powell:
Thank you for your letter of July 7, 2009, to Chairman Mary Schapiro of the U.S. Securities and Exchange Commission. Your letter has been referred to the SEC's Office of Investor Education and Advocacy for a response.
We are taking your complaint regarding Goldman Sachs and its proprietary software that may be used to manipulate the markets very seriously, and have referred it to the appropriate people within the SEC.
Please understand that the SEC conducts its investigations on a confidential basis and neither confirms nor denies the existence of an investigation unless we bring charges against someone involved. We do this to protect the integrity and effectiveness of our investigative process and to preserve the privacy of the individuals and entities involved. As a result, we will not be able to provide you with any future updates on the status of your complaint or of any pending SEC investigation.
I've attached a flyer that describes our policy as it will apply to your complaint. If you have any question, please contact Bonnie Dailey, an attorney on my staff, at 202-551-6364.
Office of Investor Education and Advocacy
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code.
Great satire, hope you get a good laugh!!
Very timely message, thank you for listening.
Retail industry braces for shopping center collapse
Commentary by Jonathan Weil
"July 23 (Bloomberg) -- Turns out America’s accounting poobahs have some fight in them after all.
Call them crazy, or maybe just brave. The Financial Accounting Standards Board is girding for another brawl with the banking industry over mark-to-market accounting. And this time, it’s the FASB that has come out swinging.
It was only last April that the FASB caved to congressional pressure by passing emergency rule changes so that banks and insurance companies could keep long-term losses from crummy debt securities off their income statements.
Now the FASB says it may expand the use of fair-market values on corporate income statements and balance sheets in ways it never has before. Even loans would have to be carried on the balance sheet at fair value, under a preliminary decision reached July 15. The board might decide whether to issue a formal proposal on the matter as soon as next month.
“They know they screwed up, and they took action to correct for it,” says Adam Hurwich, a partner at New York investment manager Jupiter Advisors LLC and a member of the FASB’s Investors Technical Advisory Committee. “The more pushback there’s going to be, the more their credibility is going to be established.”
The scope of the FASB’s initiative, which has received almost no attention in the press, is massive. All financial assets would have to be recorded at fair value on the balance sheet each quarter, under the board’s tentative plan.
This would mean an end to asset classifications such as held for investment, held to maturity and held for sale, along with their differing balance-sheet treatments. Most loans, for example, probably would be presented on the balance sheet at cost, with a line item below showing accumulated change in fair value, and then a net fair-value figure below that. For lenders, rule changes could mean faster recognition of loan losses, resulting in lower earnings and book values.
The board said financial instruments on the liabilities side of the balance sheet also would have to be recorded at fair-market values, though there could be exceptions for a company’s own debt or a bank’s customer deposits.
The FASB’s approach is tougher on banks than the path taken by the London-based International Accounting Standards Board, which last week issued a proposal that would let companies continue carrying many financial assets at historical cost, including loans and debt securities. The two boards are scheduled to meet tomorrow in London to discuss their contrasting plans.
While balance sheets might be simplified, income statements would acquire new complexities. Some gains and losses would count in net income. These would include changes in the values of all equity securities and almost all derivatives. Interest payments, dividends and credit losses would go in net, too, as would realized gains and losses. So would fluctuations in all debt instruments with derivatives embedded in their structures.
Other items, including fair-value fluctuations on certain loans and debt securities, would get steered to a section called comprehensive income, which would appear for the first time on the face of the income statement, below net income. Comprehensive income now appears on a company’s equity statement.
Another quirk is that the FASB doesn’t intend to require per-share figures for comprehensive income. Only net income would appear on a per-share basis. My guess is that means Wall Street securities analysts would be less likely to publish quarterly earnings estimates using comprehensive income.
Imagining the Impact
Think how the saga at CIT Group Inc. might have unfolded if loans already were being marked at market values. The difference was greater than CIT’s reported shareholder equity. TThe commercial lender, which is struggling to stay out of bankruptcy, said in a footnote to its last annual report that its loans as of Dec. 31 were worth $8.3 billion less than its balance sheet showed. hat tells you the company probably was insolvent months ago, only its book value didn’t show it.
The debate over mark-to-market accounting is an ancient one. Many banks and insurers say market-value estimates often aren’t reliable and create misleading volatility in their numbers. Investors who prefer fair values for financial instruments say they are more useful, especially at providing early warnings of trouble in a company’s business.
“It’s been a religious war,” FASB member Marc Siegel said at last week’s board meeting. “And it’s been very, very clear to me that neither side is going to give, in any way.”
So, the board devised a way to let readers of a company’s balance sheet see alternative values for loans and various other financial instruments -- at cost, or fair value -- without having to search through footnotes. At last week’s meeting, FASB member Tom Linsmeier called this a “very useful approach that addresses both sets of those constituents’ concerns.”
This will not satisfy the banking lobby, which doesn’t want any significant expansion of fair-value accounting. “I guess the nicest thing I can say is it’s difficult to find the good in this,” Donna Fisher, the American Bankers Association’s tax and accounting director in Washington, told me.
If the bankers don’t like it, that’s probably a good sign the FASB is doing something right."
"Global Exposure in Financial Derivatives Surpasses One Quadrillion Dollars (Update)
"When I posted the lowest responsibly sourced figure for global exposure in financial derivatives, $592 trillion, published May 19, 2009 by the Bank of International Settlements, all sorts of hoodoo apologists for Obama, Geithner, Summers, and Goldman Sachs crawled out the woodwork to claim that this figure is ridiculously exaggerated, there's really nothing to worry about, it's just a few bucks, and so on.
All the same hoodoos unfailingly claimed that it's stupid to consider worst-case scenarios when you calculate risk, because...
They have learned absolutely nothing from the ongoing financial meltdown which annihilated some of the oldest and largest investment banks in the world, and plunged the global economy into an almost vertical downturn.
So, since even the lowest reasonable figure for global exposure in financial derivatives attracts so much obfuscation and denial, I might as well be hanged for a sheep as a lamb, and offer up a much larger and probably more accurate estimate, which also includes the huge market in off-the-books derivatives, instead of only considering the OTC market upon which the previous calculation by the Bank of International Settlements was based, and that estimate is...
That's more than one million piles of money, with a billion dollars in each pile.
In previous posts I also considered the total exposure of the federal government from various programs designed to bail out the banking establishment, $23.7 trillion, which was calculated by Special Treasury Department Inspector General Neil Barofsky, one of the very few watchdogs charged with overseeing Geithner/Paulson/Summer's infinite generosity to the banks, and why should we believe a mere inspector general, when we can rely on unsourced estimates from right-wing hoodoos?
So in the interests of complete fairness, balance, impartiality, and pandering to ignorant hoodoos who insist on nothing but sunshine in the news, I am also offering up a much smaller figure for the total bailout exposure of the federal government, extracted from the most reputable of the many sunshine blogs selling all-is-well scenarios all over the internet, and that low-ball estimate for federal exposure is... $13.9 trillion.
Added to those figures are $4.4 trillion in other possible Treasury programs, and $2.3 trillion in F.D.I.C. guarantees of deposits. The final $7.2 trillion comes mostly from various mortgage-related programs.
"Possible Treasury programs!"
"Various mortgage-related programs!"
And that's really just about all anybody knows about them, except for Tim Geithner, Larry Summers, and Goldman Sachs, because the US Treasury and the Federal Reserve don't have to tell you anything, and they don't even have to disclose much to inspectors-general like Neil Barofsky, who says...
Treasury also should report the values of its investments in banks and other financial institutions, disclose the identity of borrowers under a nonrecourse loan program and disclose trading activity under a public-private investment fund.
Treasury should report the values of its investments in banks!
What a silly idea!
Special Treasury Department Inspector General Neil Barofsky is obviously insane, and I'm only posting this article to give a bunch of right-wing hoodoos yet another chance to correct his absurd misinformation."
Washington can sing Kum Ba Yah all they want .... but this is one bubble that's about to pop, tanking more banks as it goes. More bailouts .........
Understand under normal funeral application those are placed in a grave first then the casket is lowered down into them, lid secured on top for the purpose of further preserving remains.
"Bernanke says Fed can take on supercop role
This is a series of WORKING videos outlining how citizens can organize their own fact finding grand juries. Video quality not great .... I listened for what she's turned up on research and how she applied it.
(Part 1 of 9) ORLY TAITZ PRESENTS GRAND JURY CHARGES against OBAMA-SOETORO 090328
Hat tip to ZeroHedge.com for video.
Congressman Stearns: Mr Paulson How Do You Have Any Credibility?
Found the info on another site.
NEW JERSEY COURT DISMISSES FORECLOSURE FILED BY DEUTSCHE BANK FOR FAILURE TO PROVIDE DISCOVERY AS TO OWNER AND HOLDER OF NOTE, SECURUTIZED TRUST DOCUMENTS, AND OTHER DOCUMENTS DEMANDED BY BORROWERS
July 14, 2009
In a stunning victory for borrowers, a New Jersey court has dismissed a foreclosure action filed against the borrowers by Deutsche Bank Trust Company America as alleged trustee for a securitized mortgage loan trust after Deutsche Bank willfully, and despite the entry of three (3) separate court orders, refused to produce documents demanded by the borrowers which included documents setting forth the identity of the true owner and holder of the Note and mortgage, the complete chain of title to ownership of the note and mortgage, payment application histories, and documents as to the securitized mortgage loan trust. The Court had given Deutsche Bank multiple opportunities and extensions of time to produce the documents, but Deutsche Bank continually refused to produce any of the documents requested, resulting in the dismissal of Deutsche Bank’s foreclosure action. The Court also ruled that Deutsche Bank is not permitted to re-file any foreclosure action until it is prepared to produce ALL of the subject discovery.
FDN attorney Jeff Barnes, Esq. represented the borrowers, assisted by local New Jersey counsel.
W. J. Barnes, P.A. has numerous other cases pending where similar discovery requests have been sent to Deutsche Bank, none of which have been complied with to date. As such, additional requests for sanctions, including dismissal, are expected to be filed in these cases.
Deutsche Bank was also the subject of a recent ruling in a case in New York where the Court denied Deutsche Bank’s Motion for Summary Judgment, finding that a purported assignment from MERS to Deutsche Bank was defective and that Deutsche Bank, with an invalid assignment of the mortgage and note from MERS, lacked standing to foreclose. Significant in the ruling was the court’s observation and question as to why, 142 days after the borrower was claimed to be in default, that MERS would assign a “toxic” loan to Deutsche Bank. The court also required a satisfactory explanation, by sworn Affidavit, from an officer of the securitized trust as to why, in the middle of “our national subprime mortgage financial crisis”, Deutsche Bank would purchase from MERS, as alleged “nominee”, a nonperforming loan. The court further inquired as to whether Deutsche Bank violated a corporate fiduciary duty to the note holders of the securitized mortgage loan trust with the purchase of a loan that had defaulted 142 days prior to its assignment from MERS to the trust.
It appears that Deutsche Bank may have done so to take advantage of one or more “credit enhancements” inside of the securitized mortgage loan trust which pay benefits upon declaration of default. These credit enhancements are extremely complicated and multi-layered, and are required by law in connection with the issuance and sale of the mortgage-backed securities “backed” by the trust.
The assignment of the mortgage and note to the securitized trust, which were already in default well in advance of the assignment, would permit Deutsche Bank to both realize a profit through payment of credit enhancement benefits (which effect a pay down of the claimed “default”) while simultaneously permitting Deutsche Bank to institute a foreclosure, resulting in a “double dip” for Deutsche Bank. This is, of course, illegal, but unless competent counsel raises the issue, it goes unnoticed and Deutsche Bank, like so many other foreclosing parties, winds up stealing the borrowers’ property and getting paid for doing it.
Jeff Barnes, Esq.
Getting interesting when a Russian publication has to inform of our US Constitutional rights. Silence of our own press in this regard is deafening.
Hope to have more on citizen grand jury tomorrow.
"Obama Committing Fraud and Treason: Multiple Grand Juries
By Neil B. Turner
"What everyone knows:
Most of America knows (beyond any reasonable doubt) that Barry Soetoro (aka Barack Hussein Obama) is not Constitutionally eligible to hold the office of President of the United States (POTUS) and Commander in Chief (CinC) (per Article II, Section 1 of the Constitution of the U.S.).
Most of America also knows (beyond any reasonable doubt) that the members of Congress (all 535 of them), the Federal Courts, the Supreme Court, and ALL the Media (including FNC) are either ‘in the tank for’ or ‘paid off or intimidated by’ the illegitimate, criminal and Treasonous presumed President and Commander in Chief, Barry Soetoro (aka Barack Hussein Obama) and his coterie of thugs.
Origins, history, and applicability of the citizen’s Grand Jury:
The 5th Amendment of our U.S. Constitution provides that: … ‘No person shall be held to answer for any capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury.’ It doesn’t say ‘Federal’ Grand Jury, a ‘Grand Jury called and impaneled by a Judge, Special Prosecutor, or District Attorney’, nor does it say a ‘Government impaneled’ Grand Jury.
The concept of a Citizen’s Grand Jury dates all the way back to the Magna Carta in 1215, and was included by the founders in our Constitution and Bill of Rights as a means for the people to reign-in an elected government run amok. It goes without saying that when a government is committing criminal and un-Constitutional acts, it can hardly be relied upon to bring charges and indictments against itself. Justice Antonin Scalia, in a 1992 ruling stated:
"Rooted in long centuries of Anglo-American history, … the grand jury is mentioned in the Bill of Rights, but not in the body of the Constitution. It has not been textually assigned, therefore, to any of the branches described in the first three Articles. It is a constitutional fixture in its own right.."
"In fact, the whole theory of its function is that it belongs to no branch of the institutional Government, serving as a kind of buffer or referee between the Government and the people."
Thus is the situation that we Americans find ourselves in now – the proverbial ‘fox’ is in charge of the ‘henhouse’, and it is devouring the rooster, the hens, the chickens, and their eggs – on a daily basis!
The Citizen’s Grand Jury was a common feature of early American jurisprudence, but fell into disuse about 100 years ago, as the Government passed more and more un-Constitutional laws and acts. In the mid 1940’s, some devious lawyers and judges felt they should try to bury the concept and any possibility of a Citizen’s (or People’s) watchdog group looking over their nefarious shoulders any longer, so they wrote into their system of Federal Rules of Criminal Procedures the following:
(Common Law Grand Jury) ‘… presentments as a method of instituting prosecutions are obsolete, at least as concerns the Federal Courts.’
The trouble is, you cannot change the U.S. Constitution by merely writing a rule! It must be by Amendment, a time-consuming, laborious and people-enlightening process, requiring ratification of the change, spelled out in detail, and the reasons therefore, by ¾ of the States (38 of the current 50 states at this time). Obsolete indeed!
NOTE: Typically, courts and the judiciary issue ‘Indictments’, while Citizen’s Grand Juries issue ‘Presentments’, which, when formally presented to those sworn to uphold, protect, and defend the Constitution, they must, by law, then issue an Indictment, and failure to do so makes them guilty of misprision of treason (the concealment of a treason or felony and failure to report it to the prosecuting authorities, by a person who has not committed it). As a result of this act of ‘misprision’, they could then be indicted themselves by future Citizen’s Grand Juries convened for just this purpose, much like the entire 535 members of Congress could be indicted for certifying the electoral votes for a known Constitutionally ineligible candidate for the presidency.
Early in 2009, a brilliant Constitutional lawyer, Leo Donofrio, wrote a detailed dissertation on the renewed use and viability of the Citizens’ Grand Jury, especially in light of the dumbing-down of the American populace, and their adulation of a mesmerizing, opaque, and criminal Imposter usurping the Presidency (and Commander in Chief-ship) of the United States. By pulling off the greatest hoax in the 230+ years since the founding of our Country, Barry Soetoro (aka Barack Obama) puts Ponzi and Madoff to shame.
First Citizen’s Grand Juryof the 21st century
Oddly enough, before the on-again, off-again Leo Donofrio could convince his readers that the Citizen’s Grand Jury wouldn’t apply in the case of ousting this particular usurper/imposter, a number of motivated patriotic Americans had already seized upon the concept, and the 21st Century Citizen’s Grand Jury was born!
On March 28th, 2009, Mr. Carl Swensson convened a panel of 25 sworn jurors in Stockbridge, GA, saying, ‘I’m no lawyer, and I’m not exactly sure what I’m doing, but I’m doing it anyway!’ Following an hour+ long presentation of documented evidence of fraud, forgery, corruption, money laundering, stolen SS numbers, perjury, and Treason by both Barack and Michelle Obama (and their many aliases) given by Dr. Orly Taitz, Esq. (by phone, as she was in CA), the GA Citizen’s Grand Jury deliberated for an hour, and then came down with indictments/presentments (or a ‘True Bill’) against the presumed President of the United States, Barry Soetoro, aka Barack Hussein Obama.
Dr. Taitz’ entire presentation of evidence was videotaped (by myself), and can be seen in its entirety here for use by anyone convening a Citizen’s Grand Jury anywhere in the U.S. The entire 150 page ‘dossier’ on the criminal and un-constitutional acts of these two hoax-sters has been sent to all 50 States’ Attorneys General. One of these dossiers is available for all who wish to be informed here http://www.orlytaitzesq.com/blog1/?p=729
. No one can say, “but I didn’t know!”
To be continued...
Looks like Drudge is calling Obama's bluff in delaying releasing budget update. Live links embedded, list has been added to several times today.
Found this blog post while surfing. Well stated.
"No, you can't see the numbers; the King is a Fink
Monday, July 20, 2009, 12:40 PM
"NASA moon bombing violates space law & may cause conflict with lunar ET/UFO civilizations
June 19, 2009
"Commentary: The planned October 9, 2009 bombing of the moon by a NASA orbiter that will bomb the moon with a 2-ton kinetic weapon to create a 5 mile wide deep crater as an alleged water-seeking and lunar colonization experiment, is contrary to space law prohibiting environmental modification of celestial bodies. The NASA moon bombing, a component of the LCROSS mission, may also trigger conflict with known extraterrestrial civilizations on the moon as reported on the moon in witnessed statements by U.S. astronauts Buzz Aldrin and Neil Armstrong, and in witnessed statements to NSA (National Security Agency) photos and documents regarding an extraterrestrial base on the dark side of the moon.
If the true intent of the LCROSS mission moon bombing is a hostile act by NASA against known extraterrestrial civilizations and settlements on the moon, then NASA and by extension the U.S. government are guilty of aggressive war which is the most serious of war crimes under the U.N. Charter and the Geneva Conventions, to which the U.S. is subject. The U.N. Outer Space Treaty, which the U.S. has ratified, requires that “ The moon and other celestial bodies shall be used by all States Parties to the Treaty exclusively for peaceful purposes. The establishment of military bases, installations and fortifications, the testing of any type of weapons and the conduct of military manoeuvres on celestial bodies shall be forbidden.” 98 nations have ratified and 125 nations have signed the U.N. Outer Space Treaty.
NASA’s LCROSS (Lunar Crater Observation and Sensing Satellite) mission
The NASA LCROSS (Lunar Crater Observation and Sensing Satellite) mission, which departed on Earth on June 18, 2009. According to one report, “Flying over the moon's southern hemisphere, LCROSS will use its high-precision instruments, as well as close-up images of the terrain gathered by the lunar orbiter, to seek out a crater just shallow enough and dark enough to be a prime bombing target.
“There, acting as what the Ames team calls its "shepherding spacecraft," LCROSS will guide an empty Centaur rocket weighing two tons toward its target. The rocket will crash into the crater at 5,600 mph, creating a new crater - perhaps as large as 5 miles wide. The crash is scheduled to occur Oct. 9.”
The two-ton Centaur rocket qualifies as a space-based kinetic weapon. The reason alleged by NASA for the mission is that “the [LCROSS} probes will map possible landing sites and search for water sources that could be used by a future lunar colony.”
According to NASA, “The Mission Objectives of the Lunar Crater Observation and Sensing Satellite (LCROSS) include confirming the presence or absence of water ice in a permanently shadowed crater at the Moon’s South Pole. The identification of water is very important to the future of human activities on the Moon. LCROSS will excavate the permanently dark floor of one of the Moon’s polar craters with two heavy impactors in 2009 to test the theory that ancient ice lies buried there. The impact will eject material from the crater’s surface to create a plume that specialized instruments will be able to analyze for the presence of water (ice and vapor), hydrocarbons and hydrated materials.”
U.S. astronauts, NASA employees, Soviet scientists, NSA confirm the extraterrestrial presence on the moon
There are confirmed reports of an extraterrestrial presence on the moon, both from U.S. astronauts who have visited the moon, from NASA employees, from Soviet scientists and observers of the NASA moon visits, and from witnessed NSA (National Security Agency) reports on a moon based on the far side of the moon.
One report states that, “In a 2006 television documentary, ‘Apollo 11: The Untold Story,’ Buzz Aldrin admitted for the first time publicly that the astronauts saw UFOs on their trip to the Moon, but they were not allowed to discuss this information on the live audio feed to NASA. He stated that he felt it would have caused a ‘panic.’”
Other research on witnessed corroboration of U.S. astronaut sightings of an extraterrestrial presence on the Moon states, “According to hitherto unconfirmed reports, both Neil Armstrong and Edwin "Buzz" Aldrin saw UFOs shortly after their historic landing on the Moon in Apollo 11 on 21 July 1969. I remember hearing one of the astronauts refer to a "light" in or on a carter during the television transmission, followed by a request from mission control for further information. Nothing more was heard.”
“According to a former NASA employee Otto Binder, unnamed radio hams with their own VHF receiving facilities that bypassed NASA's broadcasting outlets picked up the following exchange:
“NASA: What's there? Mission Control calling Apollo 11...
“Apollo: These ‘Babies’ are huge, Sir! Enormous! OH MY GOD! You wouldn't believe it! I'm telling you there are other spacecraft out there, lined up on the far side of the crater edge! They're on the Moon watching us!
“In 1979, Maurice Chatelain, former chief of NASA Communications Systems confirmed that Armstrong had indeed reported seeing two UFOs on the rim of a crater. ‘The encounter was common knowledge in NASA,’ he revealed, ‘but nobody has talked about it until now.’
“Soviet scientists were allegedly the first to confirm the incident. ‘According to our information, the encounter was reported immediately after the landing of the module,’ said Dr. Vladimir Azhazha, a physicist and Professor of Mathematics at Moscow University. ‘Neil Armstrong relayed the message to Mission Control that two large, mysterious objects were watching them after having landed near the moon module. But his message was never heard by the public-because NASA censored it.’
“According to another Soviet scientist, Dr. Aleksandr Kazantsev, Buzz Aldrin took color movie film of the UFOs from inside the module, and continued filming them after he and Armstrong went outside. Dr. Azhazha claims that the UFOs departed minutes after the astronauts came out on to the lunar surface.
“Maurice Chatelain also confirmed that Apollo 11's radio transmissions were interrupted on several occasions in order to hide the news from the public. Before dismissing Chatelain's sensational claims, it is worth noting his impressive background in the aerospace industry and space program. His first job after moving from France was as an electronics engineer with Convair, specializing in telecommunications, telemetry, and radar. In 1959 he was in charge of an electromagnetic research group, developing new radar and telecommunications systems for Ryan. One of his eleven patents was an automatic flights to the Moon. Later, at North American Aviation, Chatelain was offered the job of designing and building the Apollo communications and data-processing systems.
“Chatelain claims that ‘all Apollo and Gemini flights were followed, both at a distance and sometimes also quite closely, by space vehicles of extraterrestrial origin-flying saucers, or UFOs, if you want to call them by that name. Every time it occurred, the astronauts informed Mission Control, who then ordered absolute silence.’ He goes on to say:
“I think that Walter Schirra aboard Mercury 8 was the first of the astronauts to use the code name 'Santa Claus' to indicate the presence of flying saucers next to space capsules. However, his announcements were barely noticed by the general public.
“It was a little different when James Lovell on board the Apollo 8 command module came out from behind the moon and said for everybody to hear:
'PLEASE BE INFORMED THAT THERE IS A SANTA CLAUS.'
“Even though this happened on Christmas Day 1968, many people sensed a hidden meaning in those words."...................."
Trader on Bloomberg says markets are manipulated and volumes 'ficticious'.
Some interesting concepts, still trying to wrap my mind around his proposed solution. Am in favor of returning to the gold standard and if that's such a bad idea why are other nations in process of doing just that? Also for me to trust government with implementation of digital dollars, spending for the public good ... there would have to be a whole different bunch in charge than the greedy money grubbing, pork pandering vote buyers in office now.
More commentary about the US being hijacked by bankers. First video he gets a bit emotional .... keep going for interesting facts and figures analysis.
Post quoted directly from Market-Ticker.org, along with video giving background as to WHY the Fed is balking, back pedalling about being audited.
"AIG: The Looting Continues
Posted by Karl Denninger July 17, 2009
"No wonder The Fed was threatening Congress when asked about audits - it might expose the underlying realities of something like this:
European banks including Societe Generale SA and BNP Paribas SA hold almost $200 billion in guarantees sold by New York-based AIG allowing the lenders to reduce the capital required for loss reserves. The firms may keep the contracts to hedge against declining assets rather than canceling them as AIG said it expects the banks to do, according to David Havens, managing director at investment bank Hexagon Securities LLC.
$200 billion dollars for foreign banks that we, the taxpayer, have now backstopped through The Fed with zero oversight or approval by Congress?
These aren't even American businesses!
The average weighted length of the European swaps protecting residential loans is more than 25 years, while the span tied to corporate loans is about 6 years, AIG said in a regulatory filing. Contracts covering corporate loans in the Netherlands extend almost 45 years, and the swaps on mortgages in Denmark, France and Germany mature in more than 30 years.
So now we, the American Taxpayer, are backstopping mortgages in Netherlands, Denmark, France and Germany?
Now you know why, and what The Fed and Treasury have done - in black and white.
You have been robbed America, and now they intend to steal $200 billion more - to bail out not Americans but foreigners.
Tell me again why we're doing this, and why people aren't in prison?"
Lengthy (one hour) C-Span interview explaining several issues not covered by
maninstream media concerning taxpayer funded bailouts. Clearly explained, easy
listen, she names names, places blame at feet of those who caused current
Link provided due to book ad on video.
"Janet Tavakoli On The Causes Of The Global Financial Meltdown
Submitted by Tyler Durden on Thu, 07/16/2009 - 07:14
Highly informative C-Span interview with Janet Tavakoli to go with the
Moon landing anniversary: UFOs photographed by Apollo - Telegraph
"Nazi Cows Being Bred In Britain
"BEWARE of the cows. Beware of the Nazi cows. Roaring cows are not only attacking Britons, and poisoning our Great British air over our Great British countryside, but now they have a political affiliation. Hail the “Nazi cows”!
Says the BBC:
The Heck calf was born at a farm in Lifton which imported more than a dozen of the animals from Amsterdam as part of a conservation project. The herd is descended from cattle specifically bred by Nazi scientists between the world wars to be used as a symbol of ambitions to rule the world.
The cows. Always the cows. Hail the 1000 year ranch!
Farmer and conservationist Derek Gow has the cattle as part of a wildlife photography business.
Hail the model cow!
He said the animals were bred by the Nazis between World War I and World War II to resemble the extinct ancestors of all cattle, aurochs… Their creation was supported by some quite senior members of the Nazi party for two different reasons. Goering wanted them to hunt, Himmler wanted them to prove that if you could select a wild animal, a wild cow, you could do the same with people.”
Nazi cows are upon us. All together:
Hitler has only got on bull,
The other has his < snip > hailed to wall in a Madrid tapas bar… "
"BORN IN THE USA? Bombshell: Orders revoked for soldier challenging prez
Major victory for Army warrior questioning Obama's birthplace
Posted: July 14, 2009
9:53 pm Eastern
Source World Net Daily
"By Chelsea Schilling and Joe Kovacs"A U.S. Army Reserve major from Florida scheduled to report for deployment to Afghanistan within days has had his military orders revoked after arguing he should not be required to serve under a president who has not proven his eligibility for office.
His attorney, Orly Taitz, confirmed to WND the military has rescinded his impending deployment orders.
"We won! We won before we even arrived," she said with excitement. "It means that the military has nothing to show for Obama. It means that the military has directly responded by saying Obama is illegitimate – and they cannot fight it. Therefore, they are revoking the order!"
She continued, "They just said, 'Order revoked.' No explanation. No reasons – just revoked."
A hearing on the questions raised by Maj. Stefan Frederick Cook, an engineer who told WND he wants to serve his country in Afghanistan, was scheduled for July 16 at 9:30 a.m.
"As an officer in the armed forces of the United States, it is [my] duty to gain clarification on any order we may believe illegal. With that said, if President Obama is found not to be a 'natural-born citizen,' he is not eligible to be commander-in-chief," he told WND only hours after the case was filed.
"[Then] any order coming out of the presidency or his chain of command is illegal. Should I deploy, I would essentially be following an illegal [order]. If I happened to be captured by the enemy in a foreign land, I would not be privy to the Geneva Convention protections," he said.
The order for the hearing in the federal court for the Middle District of Georgia from U.S. District Judge Clay D. Land said the hearing on the request for a temporary restraining order would be held Thursday.
Cook said without a legitimate president as commander-in-chief, members of the U.S. military in overseas actions could be determined to be "war criminals and subject to prosecution."
He said the vast array of information about Obama that is not available to the public confirms to him "something is amiss."
"That and the fact the individual who is occupying the White House has not been entirely truthful with anybody," he said. "Every time anyone has made an inquiry, it has been either cast aside, it has been maligned, it has been laughed at or just dismissed summarily without further investigation.
"You know what. It would be so simple to solve. Just produce the long-form document, certificate of live birth," he said.
Cook said he was scheduled to report for duty tomorrow, on July 15, to deploy to Afghanistan as part of President Obama's plan to increase pressure of insurgent forces there.
He told WND he would be prepared for a backlash against him as a military officer, since members of the military swear to uphold and follow their orders. However, he noted that following an illegal order would be just as bad as failing to follow a legal order.
Before news of the orders being revoked were reported, MSNBC anchor Keith Olbermann tonight called Cook a "jackass" and Taitz a "conwoman," as he labeled both of them the "worst persons in the world." He flayed the soldier as "an embarrassment to all those who have served without cowardice."
Named as defendants in the case are Col. Wanda Good, Col. Thomas Macdonald, Secretary of Defense Robert Gates and Obama, described as "de facto president of the United States."
According to the court filing, Cook affirmed when he joined the military, he took the following oath: "I, Stefan Frederick Cook, do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; and that I will obey the orders of the president of the United States and the orders of the officers appointed over me, according to the regulations and the Uniform Code of Military Justice. So help me God."
According to the claim, "Plaintiff submits that it is implicit though not expressly stated that an officer is and should be subject to court-martial, because he will be derelict in the performance of his duties, if he does not inquire as to the lawfulness, the legality, the legitimacy of the orders which he has received, whether those orders are specific or general."
The military courts offer no option for raising the question, so he turned to civilian courts to consider "a question of paramount constitutional and legal importance: the validity of the chain of command under a president whose election, eligibility, and constitutional status appear open to serious question."
"Barack Hussein Obama, in order to prove his constitutional eligibility to serve as president, basically needs only produce a single unique historical document for the Plaintiff’s inspection and authentication: namely, the 'long-form' birth certificate which will confirm whether Barack Hussein Obama was in fact born to parents who were both citizens of the United States in Honolulu, Hawaii, in or about 1961," explains the complaint.
Taitz said she will attend the hearing to amend the temporary restraining order to an injunction because more members of the military have joined the cause.
"We are going to be asking for release of Obama's records because now this completely undermines the military. It revoked this order, but it can come up with another order tomorrow. It can come up with orders for other people," she said. "Am I going to be flying around the country 1,000 times and paying the fees every time they issue an order?"
Taitz said the issue "must be resolved immediately," and she will continue working to ensure Obama proves he is eligible for office.
"We're going to be asking the judge to issue an order for Obama to provide his vital records to show he is legitimately president," she said. "We're going to say, we have orders every day, and we'll have revocations every day. This issue has to be decided."
She said there cannot be any harm to the president if he is legitimately holding office.
"If he is legitimate, then his vital records will prove it," Taitz said. "If he is illegitimate, then he should not have been there in the first place."
Asked what this decision means for every other serviceman who objects to deployment under a president who has not proven he is eligible for office, Taitz responded:
"Now, we can have each and every member of the military – each and every enlistee and officer – file something similar saying 'I will not take orders until Obama is legitimately vetted.'"
Multiple questions have been raised about what that would mean to the 2008 election, to the orders and laws Obama has signed and other issues, including whether he then is a valid commander-in-chief of the military.
The mystery letter
Obama has maintained he was born in Hawaii, and at least one hospital, Honolulu's Kapi'olani Medical Center for Women and Children, claims it received a letter from the president declaring his birth there.
As WND reported, White House Press Secretary Robert Gibbs refused to confirm that the letter which was used by the hospital to solicit donations is, in fact, a real correspondence.
When WND exposed doubts about the authenticity of the letter because it was created with HTML computer code and had no presidential or White House seal, the hospital which for nearly six months proudly declared Obama was born at its facility commenced an active cover-up, hiding that White House letter from its original webpage and refusing to confirm such a letter actually exists.
WND also reported that just within the last week, at least two reports have cited Obama's birth in Kenya. Wikipedia also was found to have been reporting on Obama's birth in Kenya, before a series of scrubs placed his birth in Honolulu.
And that came on the heels of several online information sites changing the president's supposed birthplace from one hospital in Hawaii to another, after WND broke the news of the letter said to be from the White House.
Thanks to Truecritic on my last blog post I found out there was a hit previous to Roy Hamilton for Unchained Melody. I was also wrong stating when Hamilton hit in 1957 with Unchained Melody.
According to http://www.royhamilton.net/Bio.htm "....“Walk”, released in 1954, which went to number one on the R&B chart and was a pop hit, “Unchained Melody”, another number one R&B hit as well as a top ten pop hit the following year (1955) , and the up-tempo hits “Don’t Let Go” in 1958 and “You Can Have Her”, in 1961, both top ten hits.
Great music from the way-back machine.
Roy Hamilton came from an era where voice and ability stood on their own merits, and he has one of the most extraordinarily beautiful voices of mid 50's to early 60's. I believe he was the firt singer to hit with "Unchained Melody" in 1957.... someone has posted that video on YouTube.
Hope you enjoy!!
At about 1:10 "....due to their size and other-worldly strengths ...."
Believe I heard correctly .... your guess is as good as mine.
According to the belief of two renowned reporters who spoke with top officials at the UN and WHO, the epidemic of the new strand of swine flu virus in Mexico is the result of an artificially created pathogen, the Online Journal reported.
Swine flu, Ebola and HIV were produced in laboratories
The reported from Mexico City claims that one of the leading UN scientists discovered certain joint transmission vectors, that is, the transmission of the swine flu virus is similar to the transmission of the Ebola virus and of the HIV/AIDS virus, which indicates that they were genetically modified with the aim of being military bio-weapons.
The UN scientist is convinced that the swine flu virus, A-H1N1, and Ebola and HIV viruses were in fact manufactured biological weapons.
As proof, they state that the usual process of transmission is that the virus is transmitted from a pig to a human, which is not the case in this outbreak because no case of a pig being infected with the A-H1N1 virus has been registered. Furthermore, the A-H1N1 virus partly contains American pig genes, partly human and bird flu strains and the virus of the Euro-Asian swine flu.
American military responsible
The other reporter, from Jakarta, claims that WHO leaders are worried that the current swine flu virus has been genetically modified to be transmitted from one species to another because of the fact that the A-H1N1 virus contains the genetic material of the H5N1 virus, that is, bird flu.
Allegedly, American scientists exhumed the body of a woman who died of the Spanish flu in 1918 and used the genetic material of the flu virus as the basis for the creation of the H5N1 virus through genetic manipulation. All this happened in laboratories at the Fort Detrick military base from which the new strain of anthrax called ames originated."
Call or email today.
"Senate Dems Look to Pass the Hate Crimes Bill as Part of the DoD Authorization Act
…so says the New York Times’ The Caucus Blog:
Senate Democrats said on Monday that they would seek to broaden the federal hate crimes law to protect victims of attacks based on gender, sexual orientation, gender identity or disabilities.
To lift the chances of passage, Democrats said the legislation, known as the Matthew Sheppard Hate Crimes Prevention Act, would be attached as an amendment to the annual defense authorization bill – a must-pass measure. […]
Senator Patrick J. Leahy, Democrat of Vermont and chairman of the Judiciary Committee, said that he would introduce the bill as a bipartisan amendment to the defense authorization measure. Senator Edward M. Kennedy, Democrat of Massachusetts, is also a prime sponsor.
As the article notes, the hate crimes legislation stands a good chances of passing in the Senate. Since it’s not already part of the House-passed DoD Authorization bill, if it does pass, the fate of the amendment will be in the hands of a joint conference committee to decide if it will be included in the final version of the bill. The final version – hate crimes amendment or not – will then have to be voted on once again by both chambers of Congress.
Should it be included in the final DoD bill, it should have no problem getting through the House. A stand-alone House version of the hate crimes legislation (H.R. 1913) passed in April by a vote of 249-175.
The full text of the legislation can be read here.
This bill has been introduced into Congress every year since 1997 and has been extremely controversial. The bill would make several changes to federal hate crime laws, chief among them an expansion of the law to include violent acts motivated by the actual or perceived gender, sexual orientation, gender identity, or disability of the victim.
The main pushback against the bill comes from religious groups. The Traditional Values Coalition, for example, says the bill “will be used to lay the legal foundation and framework to investigate, prosecute and persecute pastors, business owners, Bible teachers, Sunday School teachers, youth leaders, Christian counselors, religious broadcasters and anyone else whose actions are based upon and reflect the truths found in the Bible.”
The ACLU on the other hand says the bill, if signed into law, would contain the strongest free speech protection in the entire federal criminal code. From an ACLU post urging support for the amendment:
On its face, the hate crimes amendment punishes only the conduct of intentionally selecting another person for violence because of that person’s race, color, national origin, religion, gender, sexual orientation, gender identity, or disability. The prosecution must prove the conduct of intentional selection of the victim. Thus, the hate crimes amendment, like the present principal criminal civil rights statute, 18 U.S.C. § 245 (“section 245”), punishes discrimination (an act), not bigotry (a belief).
Here is the key evidentiary provision from the bill text that is designed to protect free speech:
Evidence of expression or association of the defendant may not be introduced as substantive evidence at trial, unless the evidence specifically relates to that offense. However, nothing in this section affects the rules of evidence governing the impeachment of a witness."
Obama: Unlimited Detention Without Charges 2009
Follow link to video interview which I'm unable to post here.
“Obama has the right to lock any US citizen up forever without trial”
13 July, 2009, 11:01
Barack Obama’s indefinite detention claim, coupled with the enemy combatant right he inherited, enables him to lock up any US citizen forever without a trial, author and political consultant Naomi Wolf told RT.
Hate him or love him we all remember H Ross Perot, his Texas drawl ... his charts. The "establishment" evidently hated him so set out to do a hatchet job on him. However, almost 20 years later with Washington spending like meth addicts with stolen credit cards, we might benefit from looking at Mr. Perot's charts once again. First one on budget deficits looks pretty ugly.
Found this via Market Ticker site.
Perot Charts - Site
Great commentary. Duly credited and quoted exactly as written.
"Stupidity Bites HARD: Dodd and Frank
"These two are the "banking regulatory chiefs" in Congress of course; Dodd in the Senate and Frank in the House.
Both have steadfastly stood beside the banks through this crisis, especially the really-big banks that have given millions of dollars in campaign contributions.
The same banks that lobbied hard to "reform" bankruptcy so you cannot file Chapter 7 any more when you go bankrupt and stick lenders with the bad lending decisions they made of their own free will. That is, your credit and financial life is ruined, but theirs (which should also be ruined) is not.
The same banks that connived with Congress and The Federal Reserve to get the last pieces of Glass-Steagall repealed - the law that, had it been present, would have prevented nearly all of this crisis.
The same banks that (Citi-cough-cough) got Alan Greenspan to approve a merger with Travelers that Greenspan knew was illegal at the time it was consummated - a merger that was then retroactively made legal with passage of Gramm-Leach-Bliley.
The same banks that lobbied to get an exemption from bucket-shop laws and insurance regulation (indeed, any regulation) for credit-default swaps.
The same banks that, post-ENRON when we all learned about the outright fraudulent accounting enabled by "off-balance sheet" games, not only kept doing it but increased the size of such ventures.
And more importantly, the same banks that lobbied hard this spring to get an exemption from mark-to-market accounting for the "assets" they hold on their books - an exemption they were in fact using without having it, as I will shortly illustrate.
Well now Doddering Dodd and "I've never been frank" Frank are asking for the impossible:
Today, Senate Banking Committee Chairman Chris Dodd and House Financial Services Committee Chairman Barney Frank asked the heads of U.S. banking regulators to look into whether their companies are carrying home-equity loans at “potentially inflated values,” which “may contribute to resistance on the part of servicers to negotiate the disposition of these liens.”
Most of these loans are in fact worth nothing!
Here's the understatement of the year from the same article:
“It is well understood that the four major banks would likely need an additional capital injection should they be forced to mark the second-lien mortgages on their balance sheets to a realistic value,” Greenwich Financial’s Frey said.
Oh, so you mean our wonderful Congress has in fact encouraged and put into policy and law accounting fraud?
In fact the underlying reality is what I've been pointing out all along: the loss on a bad loan is taken when the bad loan is made; all you can do subsequent to that point is pick and choose who has to eat the loss.
The answer to that question should always be "the fool who made the loan", and nobody else.
Before the "waiver" on mark-to-market accounting these loans were worth no more than they are today. Yet before that waiver, banks, as I have pointed out in The Ticker previously, were carrying huge books of loans at or very close to "par" - that is, 100 cents on the dollar, despite the fact that when these things trade at all nowdays they are trading for pennies - literal pennies, in some cases as few as one or two!
REALITY folks is that these banks (and many more) are in fact BANKRUPT, right here and now. Again:
“It is well understood that the four major banks would likely need an additional capital injection should they be forced to mark the second-lien mortgages on their balance sheets to a realistic value,” Greenwich Financial’s Frey said.
In English (translation by Tickerguy), for the financially less-literate, this is what Greenwich's Frey said:
These banks have less capital than the loss on these loans if the value of these loans are recorded honestly. That is, their assets are exceeded by their liabilities.
This is the definition of bankruptcy; ergo, these four banks are in fact BANKRUPT right here and now, have been bankrupt, and it is "widely understood", including by Congress, The Federal Reserve, The FDIC and OCC that this is the case. All of these "Regulatory Arms" of our government are in fact actively conspiring in violation of the "Prompt Corrective Action" law to hide this.
We have pledged some $12 trillion dollars in "aid" and spent over $2 trillion in actual money trying to prop up these institutions. The gambit has failed and indeed was doomed from the start, because insolvency always eventually asserts itself.
The lie of accounting fraud only works so long as you can mark to some "fantasy"; as soon as you're forced to reconcile what you claim something is worth against an actual transaction your ruse is discovered and the game is over.
In this case if those loans are restructured the insolvency is exposed because the actual cash value received to extinguish the obligation is recorded on the firm's books and the embedded, hidden loss is flushed out into the open.
This is also why you have people living in homes for a year or more without making a payment and without being foreclosed on, and it is why you have foreclosed properties that have not been sold. So long as the bank doesn't actually do something that forces a market price to be put on the house where there is a delinquency they can claim their mortgage with a $500,000 principal balance outstanding is actually worth $500,000. If they sell the house for $300,000 the $200,000 that they have already lost but are hiding through these accounting shenanigans must be recognized.
This is out-and-out fraud folks, and it is far, far bigger than Madoff ever was. If you remember some months ago I penned this:
That is, you cannot prevent a loss from appearing and being recognized unless you allow people to lie about the value of securities, place them off-balance-sheet in opaque containers where nobody can see what's inside (and thus how they're performing) and "lever up" to issue yet more debt (credit) to cover the cash flow that should be happening but isn't.
If you're wondering why I keep harping on the same points over and over it is because I have been warning of this catastrophe and its consequences, along with the willful blindness and complicity of our government in this charade and scam for more than two years.
Those who have paid attention have managed to mostly-avoid the catastrophe, at least for their stock market holdings. They got out in the beginning of 2008 when it became evident that despite months of warning and clear evidence our government was going to conspire with these robber barons to commit fraud right up until the moment when the truth became impossible to hide any more and our entire economic system came crashing down around our ears, all in the name of protecting a handful of companies and their cronies, along with their ill-gotten "gains" and "bonuses."
Folks, this bubble and the consequence thereof for our economy and nation was not an accident. It was not merely a matter of "greed". Greed, all on its own, is not necessarily bad, despite what The Bible says. Greed drives human ambition, and ambition in turn drives true innovation. Absent "greed" we would not have the personal computer, electricity in our homes, air conditioning, microwave ovens, mechanical refrigeration, the Internet or cell phones. All of these things exist because someone got "greedy" and decided to try to make a profit.
It is when greed combines with fraud - that is, the knowing and intentional deceit practiced by one for the purpose of screwing someone else, that we have a problem. It is when honesty is discarded in favor of a "faster and simpler way" to make money - that is, instead of a fair bargain someone decides they would rather steal, either by lying, bribery or "convenient" omission.
We will not exit this economic downturn on a durable, sustainable basis, nor will we normalize our economy - that is, return it to a structure where economic prosperity is based on production instead of the scam of lying about asset values - until the hidden insolvency of institutions is flushed to the surface and recognized in bankruptcy court. In turn we must reverse the disastrous "bankruptcy reform act" so that both creditor and debtor, whether they be corporations or individuals, are afforded both the same harm from going bust and the same protection.
Until Chris Dodd and Barney Frank, along with the rest of the clowns that inhabit The Capitol, 1600 and 1500 Pennsylvania Avenue, come to the realization that the game-playing cannot possibly work and that it is time to tell the truth, we will continue to spiral down into the abyss.
The important point to take from this is not that forcing honesty will make the pain go away. It will not. It will, however, limit the duration of the pain, and stop compounding the errors and thus the necessary economic harm that must come.
We had a good deal of economic pain that had to be taken in the year 2000. The vast majority of it was not.
As a direct consequence of the willful fraud that our government and banking interests engaged in to avoid that economic pain in 2000, we have now more than doubled the economic pain that must be taken in 2008 and 2009.
What must be recognized is that there are only two choices: We can accept that amount of economic pain in full, here and now, or we can continue to add to it and try to put it off until later.
Doing the latter appears to be beyond our ability to succeed, meaning that we are only adding to the harm that must be absorbed at a rapidly-increasing rate.
It has been time to face the music since 2000, and it still is. We are now in the "exponential blow-off top of pain" phase, and instead of garnering years of respite (at the cost of even more trouble) we are only gaining weeks or months.
The clock has, quite simply, run out."
Your representatives and senators can NOT read your minds, they need emails and calls from us as tangible evidence for them to move forward to audit the Federal Reserve.
Interesting take on the direction of US financial markets.
"Russian Scientists: H1N1 linked to Genetically Modified Food
Monday, 22 June 2009
Source Macedonian International News Agency
"Scientists from Russia’s Ministry of Health are warning in a secret report to Prime Minister Putin that they have discovered a ‘critical link’ between the H1N1 influenza (Swine Flu) virus and genetically modified amylopectin potatoes that are consumed in massive quantities nearly exclusively by Westerners and sold in fast food restaurants as French Fries.
According to these reports, the protease enzyme genetically modified in the potatoes being sold through Western fast food restaurants as French Fries to protect against Potato virus X causes an “explosive” replication of the H1N1 influenza virus by increasing the acidic conditions of the endosome and causing the hemagglutinin protein to rapidly fuse the viral envelope with the vacuole's membrane, then causing the M2 ion channel to allow protons to move through the viral envelope and acidify the core of the virus, which causes the core to dissemble and release the H1N1’s RNA and core proteins into the hosts cells.
Evidence confirming these dire findings by top Russian scientists is also supported by the World Health Organization who in their reporting on the current Influenza Pandemic, clearly shows that the H1N1 virus is nearly totally confined to those Western Nations allowing their citizens to consume these genetically modified potatoes, and which include: The United States with over 17,000 cases being reported with 45 deaths; Canada with 2,978 cases; the United Kingdom with 1,226 cases; and Australia with 1,823 cases.
Important to also note about the World Health Organization’s statistics on the spread of the H1N1 Pandemic influenza virus is that the South American Nation of Chile is the only country in the World outside of The United States, Canada, United Kingdom and Australia to allow the planting of these genetically modified potatoes due to their Free Trade Pact with the US and who are reporting 1,694 cases of this disease.
Also important to note are that most of the World’s largest Nations do not allow the planting of these genetically modified potatoes and therefore are reporting very limited outbreaks of the H1N1 Pandemic influenza, including Russia with 3 cases, China, the World’s most populated country, with 318 cases, and India, the World’s second largest country, with 16.
These reports further state that with the linkage between the H1N1 Pandemic influenza virus and fast food French Fries made from genetically modified potatoes the most venerable people to being infected are the youngest who, by far, are the largest consumers of these types of cheap Western foods, and which was recently confirmed by the Washington Post News Service that reported:
“Of the 5,000 confirmed and more than 100,000 probable cases of swine flu, the average age of infected people is 15; two thirds are younger than 18.”
These reports further warn that though the genetic history of this insidious man-made influenza seems to initially offer some protection for those Nations not consuming these genetically modified potatoes, to believe so would be a “grave mistake” as new evidence is emerging that this H1N1 Pandemic influenza virus is rapidly mutation, and as we can read from these two reports:
“The new strain of influenza appears to have mutated to become more infectious for humans, the online edition of science magazine Nature reported Monday, referencing research by a team including Prof. Yoshihiro Kawaoka of Tokyo University's Institute of Medical Science.
The surface of influenza virus particles are covered with thorn-shaped proteins called hemagglutinin (HA), which allows the virus to stick to human cells.
After analyzing multiple samples of the new flu virus, the team ascertained that in some cases the HA of the new H1N1 strain have mutated, allowing the strain to stick to human cells more easily.
According to Kawaoka, the same mutations have been found in HA of the H5N1 strain of influenza, the highly virulent bird flu, which kills about 60 percent of those it infects. Kawaoka said the virus is still in the process of mutating into a form even more infectious to humans.”
“Brazilian scientists have identified a new strain of the H1N1 virus after examining samples from a patient in Sao Paulo, their institute said Tuesday. The variant has been called A/Sao Paulo/1454/H1N1 by the Adolfo Lutz Bacteriological Institute, which compared it with samples of the A(H1N1) swine flu from California.”
More ominously to be examined in these reports is the response of the United States to this Pandemic which, to date, is the World’s largest infected Nation (reporting 7 more H1N1 flu deaths today) and which has already declared a Public Health Emergency and, just yesterday, passed a bill in its Congress allocating $7.7 Billion to prepare themselves for this catastrophic disease."
Yahoo video which I can not get to post.
CIA Director Leon Panetta has terminated a "very serious" covert program the spy agency kept secret from Congress for eight years, Rep. Jan Schakowsky, a House Intelligence subcommittee chairwoman, said Friday.
Schakowsky is pressing for an immediate committee investigation of the classified program, which has not been described publicly. Rep. Silvestre Reyes, D-Texas, the chairman of the House Intelligence Committee, has said he is considering an investigation.
"The program is a very, very serious program and certainly deserved a serious debate at the time and through the years," Schakowsky told The Associated Press in an interview. "But now it's over."
Democrats revealed late Tuesday that CIA Director Leon Panetta had informed members of the House Intelligence Committee on June 24 that the spy agency had been withholding important information about a secret intelligence program begun after the Sept. 11 terrorist attacks.
Schakowsky described Panetta as "stunned" that he had not been informed of the program until nearly five months into his tenure as director.
Panetta had learned of the program only the day before informing the lawmakers, according to a U.S. intelligence official. The official spoke on condition of anonymity Friday because he was not authorized to discuss the program publicly.
Panetta has launched an internal probe at the CIA to determine why Congress was not told about the program. Exactly what the classified program entailed is still unclear.
The intelligence official said the program was "on-again/off-again" and that it was never fully operational, but he would not provide details.
Schakowsky, D-Ill., said Friday that the CIA and Bush administration consciously decided not to tell Congress.
"It's not as if this was an oversight and over the years it just got buried. There was a decision under several directors of the CIA and administration not to tell the Congress," she said.
Schakowsky, who chairs the Intelligence subcommittee on oversight and investigations, said in a Thursday letter to Reyes that the CIA's lying was systematic and inexcusable. The letter was obtained by The Associated Press on Friday.
She said Reyes indicated to her the committee would conduct a probe into whether the CIA violated the National Security Act, which requires, with rare exceptions, that Congress be informed of covert activities. She told AP she hopes to conduct at least part of the investigation for the committee.
She said this is the fourth time that she knows of that the CIA has misled Congress or not informed it in a timely manner since she began serving on the Intelligence Committee two and half years ago.
In 2008, the CIA inspector general revealed that the CIA had lied to Congress about the accidental shoot down of American missionaries over Peru in 2001. In 2007, news reports disclosed that the CIA had secretly destroyed videotapes of interrogations of a terrorist suspect.
She would not describe the other incident.
Schakowsky said she thinks Panetta is changing the CIA for the better, adding that the failure to inform Congress was indicative of "contempt" the Bush administration and intelligence agencies under him held for Congress.
"Many times I felt it was an annoyance to them to have to come to us and answer our questions," she said. "There was an impatience and a contempt for the Congress."
The House is expected to take up the 2010 intelligence authorization bill next week. It includes a provision that would require the White House to inform the entire committee about upcoming covert operations rather than just the "Gang of Eight"-- the senior members from both parties on the House and Senate Intelligence Committees and the Democratic and Republican leaders in both houses.
The White House this week threatened to veto the final version of the bill if it includes that provision.
Democratic aides said the language may be softened in negotiations with the Senate to address the White House's concern.
But Schakowsky said the wider briefings are the best remedy to avoiding future notification abuses.
Republicans charge that Democratic outrage about the Panetta revelation is just an attempt to provide political cover to House Speaker Nancy Pelosi, who in May accused the CIA of lying to her in 2002 about its use of waterboarding.
What Pelosi knew about the CIA's interrogation program and when she knew it -- and why she did not object to it sooner -- is expected to be emphasized by Republicans during debate over the intelligence bill."
They're hoping we'll forget about it.
"Breaking: Senate postpones cap-and-trade
posted at 1:33 pm on July 9, 2009 by Ed Morrissey
The Washington Post reports that the Senate Environment and Public Works Committee will hold off on consideration of the House cap-and-trade bill until September at the earliest:
President Barack Obama’s push for quick action by Congress on climate change legislation suffered a setback on Thursday when the U.S. Senate committee leading the drive delayed work on the bill until September.
Senate Environment and Public Works Committee Chairman Barbara Boxer said her self-imposed deadline of early August for finishing writing a bill to combat global warming has been put off until after Congress returns from a recess that ends in early September.
“We’ll do it as soon as we get back” from that break, Boxer told reporters. Asked if this delay jeopardizes chances the Senate will pass a bill this year, Boxer said, “Not a bit … we’ll be in (session) until Christmas, so I’m not worried about it.”
But Boxer did not guarantee Congress will be able to finish a bill and deliver it to Obama by December, when he plans to attend an international summit on climate change in Copenhagen.
Two weeks ago, when the House barely pushed this through a vote, Barack Obama’s poll numbers still looked good enough to imply that there may not be consequences for hobbling the economy with ludicrous taxes, fees, and penalties for energy production. With his poll numbers eroding quickly and the electorate losing patience with high unemployment and Porkulus’ failure, that doesn’t seem like a safe bet any more. As the economy continues to drag, cap-and-trade will look more like a disaster than the mythical one it purports to avoid.
The Democrats simply don’t have the votes now on cap-and-trade, and unless the economy suddenly lurches back to life, the political situation will be worse in September. That doesn’t mean we can let up on the pressure, as Michelle says. Keep calling your Senators to tell them that a vote for cap-and-trade means adding to the unemployment lines — starting with themselves.
“I cannot support the House bill in its present form,” Byrd said in a statement. “I continue to believe that clean coal can be a ‘green’ energy. Those of us who understand coal’s great potential in our quest for energy independence must continue to work diligently in shaping a climate bill that will ensure access to affordable energy for West Virginians.” …
Senator Byrd’s was one of the two sponsors of the Byrd-Hagel Resolution, which the senate unanimously passed, 95–0, in 1997. Byrd-Hagel stated the sense of the Senate that the United States should not be a signatory to any protocol that did not include binding targets and timetables for developing nations as well as industrialized nations or “would result in serious harm to the economy of the United States.” Byrd-Hagel prevented Clinton from even trying to ratify the Kyoto Protocol, which like the Waxman-Markey “cap and trade” climate change legislation, would have put the U.S. economy at an economic disadvantage to China and India."
"DeMint: America is ‘Where Germany Was Before World War II'
by David Weigel" 7/9/09 9:42 AM
"Last night, Sen. Jim DeMint (R-S.C.) gave a short talk and Q&A at at the National Press Club about his book “Saving Freedom.” DeMint told a room of around 100 people about a conversation he’d had with an Iranian immigrant who was panicking about the surge of government spending and control under President Obama and the Democrats. Americans should listen to immigrants like her, said DeMint.
They understand socialism. They understand tyrants. But none of us have ever had it here. We don’t even know what it looks like. Part of what we’re trying to do in “Saving Freedom” is just show that where we are, we’re about where Germany was before World War II where they became a social democracy. You still had votes but the votes were just power grabs like you see in Iran, and other places in South America, like Chavez is running down in Venezuela. People become more dependent on the government so that they’re easy to manipulate. And they keep voting for more government because that’s where their security is. When our immigrants get here, they’re worried, because they see it happening here.
DeMint worried that it was the “eleventh hour” for freedom, but he disputed a question from a man who wondered if America was ripe for another revolution. “The reason I’m convinced we can do this in a civilized way is that I’ve seen, on a number of issues, that when people get informed and want to change their government, the government will change.”
Found this video on a financial site. Interesting opinion on things.
Also interesting how speeding fines, etc., are THE new revenue source for states, counties, cities.
Recession, Depression, What Michelle Worry?
"First Lady requires more than twenty attendants
By Dr. Paul L. Williams Tuesday, July 7, 2009
By the staff ofthelastcrusade.org
“The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do anything about it”
“In my own life, in my own small way, I have tried to give back to this country that has given me so much,” she said. “See, that’s why I left a job at a big law firm for a career in public service, “ Michelle Obama
No, Michele Obama does not get paid to serve as the First Lady and she doesn’t perform any official duties. But this hasn’t deterred her from hiring an unprecedented number of staffers to cater to her every whim and to satisfy her every request in the midst of the Great Recession. Just think Mary Lincoln was taken to task for purchasing china for the White House during the Civil War. And Mamie Eisenhower had to shell out the salary for her personal secretary.
How things have changed! If you’re one of the tens of millions of Americans facing certain destitution, earning less than subsistence wages stocking the shelves at Wal-Mart or serving up McDonald cheeseburgers, prepare to scream and then come to realize that the benefit package for these servants of Miz Michele are the same as members of the national security and defense departments and the bill for these assorted lackeys is paid by John Q. Public:
$172,2000 - Sher, Susan (CHIEF OF STAFF)
$140,000 - Frye, Jocelyn C. (DEPUTY ASSISTANT TO THE PRESIDENT AND DIRECTOR OF POLICY AND PROJECTS FOR THE FIRST LADY)
$113,000 - Rogers, Desiree G. (SPECIAL ASSISTANT TO THE PRESIDENT AND WHITE HOUSE SOCIAL SECRETARY)
$102,000 - Johnston, Camille Y. (SPECIAL ASSISTANT TO THE PRESIDENT AND DIRECTOR OF COMMUNICATIONS FOR THE FIRST LADY)
Winter, Melissa E. (SPECIAL ASSISTANT TO THE PRESIDENT AND DEPUTY CHIEF OF STAFF TO THE FIRST LADY)
$90,000 - Medina, David S. (DEPUTY CHIEF OF STAFF TO THE FIRST LADY)
$84,000 - Lelyveld, Catherine M. (DIRECTOR AND PRESS SECRETARY TO THE FIRST LADY)
$75,000 - Starkey, Frances M. (DIRECTOR OF SCHEDULING AND ADVANCE FOR THE FIRST LADY)
$70,000 - Sanders, Trooper (DEPUTY DIRECTOR OF POLICY AND PROJECTS FOR THE FIRST LADY)
$65,000 - Burnough, Erinn J. (DEPUTY DIRECTOR AND DEPUTY SOCIAL SECRETARY)
Reinstein, Joseph B. (DEPUTY DIRECTOR AND DEPUTY SOCIAL SECRETARY)
$62,000 - Goodman, Jennifer R. (DEPUTY DIRECTOR OF SCHEDULING AND EVENTS COORDINATOR FOR THE FIRST LADY)
$60,000 - Fitts, Alan O. (DEPUTY DIRECTOR OF ADVANCE AND TRIP DIRECTOR FOR THE FIRST LADY)
Lewis, Dana M. (SPECIAL ASSISTANT AND PERSONAL AIDE TO THE FIRST LADY)
$52,500 - Mustaphi, Semonti M. (ASSOCIATE DIRECTOR AND DEPUTY PRESS SECRETARY TO THE FIRST LADY)
$50,000 - Jarvis, Kristen E. (SPECIAL ASSISTANT FOR SCHEDULING AND TRAVELING AIDE TO THE FIRST LADY)
$45,000 - Lechtenberg, Tyler A. (ASSOCIATE DIRECTOR OF CORRESPONDENCE FOR THE FIRST LADY)
Tubman, Samantha (DEPUTY ASSOCIATE DIRECTOR,SOCIAL OFFICE)
$40,000 - Boswell, Joseph J. (EXECUTIVE ASSISTANT TO THE CHIEF OF STAFF TO THE FIRST LADY)
$36,000 - Armbruster, Sally M. (STAFF ASSISTANT TO THE SOCIAL SECRETARY)
Bookey, Natalie (STAFF ASSISTANT)
Jackson, Deilia A. (DEPUTY ASSOCIATE DIRECTOR OF CORRESPONDENCE FOR THE FIRST LADY) "
"True Unemployment Rate Already at 20%
July 8th, 2009
"Really, how hard is it to find a job? Was June’s horrid numbers, in which 467,000 people lost their jobs compared to 345,000 in May, a one-time fluke? Or does it mean that all those Wall Street economists who believe the economic recovery is starting are dead wrong?
Not to scare you, but the situation is actually worse than it seems. Over the years, the government has changed the way it counts the unemployed. An example of this is the criticized Birth-Death Model which was added in 2000. The model is designed to account for the birth and death of businesses and the resultant lag in survey data. Unfortunately, the model doesn’t work that well during economic contractions (like we have now) and consistently overstates the number of jobs being created each month.
John Williams of Shadow Government Statistics specializes in removing these questionable tweaks to the government’s statistical data to better align current numbers with the methodology used to gather historical data. After reviewing the data, Williams believes that “the June jobs loss likely exceeded 700,000.” David Rosenberg of Gluskin Sheff notes that the fall in the number of hours worked in June (to a record low of 33 per week) is equivalent to a loss of more than 800,000 jobs.
There are similar issues with the way the unemployment rate is measured. The headline rate only jumped from 9.4% to 9.5% because of a drop in the number of people in the workforce. The more inclusive “U-6″ measure of unemployment, which includes discouraged workers, jumped from 16.4% to 16.5%. But even this doesn’t adequately capture the situation on the ground: Back in the Clinton Administration, the definition of discouraged worker was changed to only include those that had given up looking for work because there were no jobs to be had within the last year.
By adding these folks back in, William’s SGS-Alternate Unemployment Measure rose to a jaw-dropping 20.6%. Separately, the Center for Labor Market Studies in Boston puts U.S. unemployment at 18.2%. Any way you cut the numbers, the situation is very bad. According to David Rosenberg, one-in-three among the unemployed have been looking for a job for more than six months and still can’t find one."
At least that's the buzz on financial blogs this past weekend. Below are links to headlines and very interesting discussions about potential future implications.
One commentary just picked up added last edit.
Favorite artist .... love this song! Hope you enjoy.
Words from YouTube sidebar below video.
From sidebar on YouTube
Lyrics: Wild Child
Ever close your eyes
Ever stop and listen
Ever feel alive
And you've nothing missing
You don't need a reason
Let the day go on and on
Let the rain fall down
Everywhere around you
Give into it now
Let the day surround you
You don't need a reason
Let the rain go on and on
What a day, what a day to take to
What a way, what a way to make it through
What a day, what a day to take to a wild child
Only take the time
From the helter skelter
Every day you find
Everything's in kilter
You don't need a reason
Let the day go on and on
Every summer sun
Every winter evening
Every spring to come
Every autumn leaving
You don't need a reason
Let it all go on and on
What a day, what a day to take to
What a way, what a way to make it through
What a day, what a day to take to a wild child
What a day, what a day to take to
What a way, what a way to make it through
What a day, what a day to take to a wild child
Da-da da da da da, da da da da da da
da da da da da da da da da da da da da da da
What a day, what a day to take to
What a way, what a way to make it through
What a day, what a day to take to
What a way, what a way to make it through
What a way, what a way to make it through
What a day, what a day to take to a wild child
What a day, what a day to take to a wild child
Slated to begin debate on Cap & Trade today on a fast track to get it shoved through..
Passed the US House last week.
Read my previous post about green police in the UK.
There's a provision in Cap & Trade for our own green police ......... and remember the US House already passed it.
All is left is ratification by the Senate ... Obama who favors it will sign it into law and we're hammered.
Remember $5 a gallon gasoline?
Triple or quadruple all utilities which is the intent of this bill. This is an energy tax imposed at a time when we can least afford it.
Do nothing if you want your wallet vacuumed clean.
"Environment Agency sets up green police
Jonathan Leake, Environment Editor
"The boys in green are coming as the Environment Agency sets up a squad to police companies generating excessive CO2 emissions.
The agency is creating a unit of about 50 auditors and inspectors, complete with warrant cards and the power to search company premises to enforce the Carbon Reduction Commitment (CRC), which comes into effect next year.
Decked out in green jackets, the enforcers will be able to demand access to company property, view power meters, call up electricity and gas bills and examine carbon-trading records for an estimated 6,000 British businesses. Ed Mitchell, head of business performance and regulation at the Environment Agency, said the squad would help to bring emissions under control. “Climate change and CO2 are the world’s biggest issues right now. The Carbon Reduction Commitment is one of the ways in which Britain is responding.”
The formation of the green police overcomes a psychological hurdle in the battle against climate change. Ministers have long recognised the need to have new categories of taxes and criminal offences for CO2 emissions, but fear a repetition of the fuel tax protests in 2000 when lorry drivers blockaded refineries.
The central unit, based in Warrington, Cheshire, can call on the agency’s national network of hundreds of pollution inspectors, many of whom will soon be trained in CO2 monitoring.
It will also be able to demand energy bills from utilities without the companies under investigation knowing they are being watched.
Perhaps most worrying, for managers will be the publication of an annual league table ranking companies by performance in cutting emissions. The government hopes the potential shame of a lowly placing will drive organisations to greater energy efficiency.
Mitchell predicted the unit would audit about 1,200 businesses a year. The first stage would be a desk study of their energy bills and activities, followed by a visit when numbers do not add up. “The inspectors will carry warrant cards giving them powers of entry to collect evidence. We will also have access to company accounts with suppliers,” he said.
The CRC was designed to force medium-size and large companies to pay attention to energy efficiency. Under the scheme they will have to use their energy bills to calculate the carbon dioxide generated by their activities. For each tonne of CO2 emitted, companies will have to buy a carbon allowance, with the money being paid into a central pool. At the end of each reckoning period, they will get a payment from the fund.
The least energy efficient will get back less than they paid in, with the surplus going to those that have performed best. The gains and losses will be small at first but the system is designed to ratchet upwards, so business finds it increasingly expensive to ignore energy efficiency.
Initially the allowances will cost £12 per tonne but from 2013 they will be sold through auctionso the price is likely to rise. Eventually thousands of big private and public sector groups will feel compelled to spend serious money on energy efficiency — or face even bigger bills.
The government-funded Carbon Trust said a main aim would be to halt the rise in emissions from such companies. This was predicted at about 17% between 2005 and 2025.
The government has argued that the £5m-plus annual costs of administering the commitment will be met by a charge on the companies and that they will be dwarfed by the savings. John Sauven, director of Greenpeace, said: “We must be able to enforce these new rules. We saw how the absence of enforcement led to chaos with the new rules on energy efficiency in building standards.”
Videos in this report.
"Democrats’ Cap-and-Trade Bill Creates ‘Retrofit’ Policy for Homes and Businesses
Wednesday, July 01, 2009
By Matt Cover
"(CNSNews.com) – The 1,400-page cap-and-trade legislation pushed through by House Democrats contains a new federal policy that residential, commercial, and government buildings be retrofitted to increase energy efficiency, leaving it up to the states to figure out exactly how to do that.
This means that homeowners, for example, could be required to retrofit their homes to meet federal “green” guidelines in order to sell their homes, if the cap-and-trade bill becomes law.
The bill, which now goes to the Senate, directs the administrator of the Environmental Protection Agency (EPA) to develop and implement a national policy for residential and commercial buildings. The purpose of such a strategy – known as the Retrofit for Energy and Environmental Performance (REEP) – would be to “facilitate” the retrofitting of existing buildings nationwide.
“The Administrator shall develop and implement, in consultation with the Secretary of Energy, standards for a national energy and environmental building retrofit policy for single-family and multi-family residences,” the bill reads.
It continues: “The purpose of the REEP program is to facilitate the retrofitting of existing buildings across the United States.”
The bill leaves the definition of a retrofit and the details of the REEP program up to the EPA. However, states are responsible for ensuring that the government’s plans are carried out, whatever the final details may entail.
“States shall maintain responsibility for meeting the standards and requirements of the REEP program,” the bill says.
States may contract with private agencies to oversee the retrofitting and measuring of improved efficiency and environmental friendliness of houses and other buildings, making sure that private citizens have a variety of choices for retrofitting their homes.
“States and local government entities may administer a REEP program in a manner that authorizes public or regulated investor-owned utilities, building auditors and inspectors, contractors, nonprofit organizations, for-profit companies, and other entities to perform audits and retrofit services,” reads the bill.
It further says, “A State or local administrator of a REEP program shall seek to ensure that sufficient qualified entities are available to support retrofit activities so that building owners have a competitive choice among qualified auditors, raters, contractors, and providers of services related to retrofits.”
In fact, individual homeowners are even allowed to retrofit buildings themselves. The bill gives specific protection to individual owners’ rights to choose who inspects and retrofits their property.
“Nothing in this section is intended to deny the right of a building owner to choose the specific providers of retrofit services to engage for a retrofit project in that owner’s building.”
Even though Congress says the states are responsible for carrying out the retrofits, the EPA and the Department of Energy will establish the guidelines and rules for doing so.
“The Administrator, in consultation with the Secretary of Energy, shall establish goals, guidelines, practices, and standards for accomplishing the purpose stated in subsection (c) [the retrofits],” the bill says.
The program would involve a system of certified auditors, inspectors, and raters who inspect homes and businesses using devices such as infrared cameras (which measure how much heat a building is giving off) to measure their energy efficiency.
The results of these energy audits would then be used to determine what retrofits need to be performed. The audits would examine things like water usage, infrared photography, and pressurized testing to determine the efficiency of door and window seals, and indoor air quality.
Those retrofits would be performed by licensed retrofit contractors using government-approved methods and resources including roofing materials that reflect solar energy.
“[B]uilding retrofits conducted pursuant to a REEP program utilize, especially in all air-conditioned buildings, roofing materials with high solar energy reflectance,” the legislation states.
After the retrofitting is complete, the government – state, local, or federal – will come back and re-inspect the house to determine how much energy has been saved and whether the retrofit is up to federal government standards.
“Determination of energy savings in a performance-based building retrofit program through — (A) for residential buildings, comparison of before and after retrofit scores,” the proposal states.
To help pay for the cost of these retrofits, states and localities may provide loans, utility rate rebates, tax rebates, or implement retrofit programs on their own. In fact, the government will even pay up to 50 percent of the cost of a retrofit through financial awards to individual home and building owners.
“PERCENTAGE.—Awards under clause (i) shall not exceed 50 percent of retrofit costs for each building,” reads the bill."
"Pouring cold water on global warming
Global cooling has arrived. Global warming is dead.
By Terri Jackson
Wednesday, 13 May 2009
Source Belfast Telegraph
"There is now irrefutable scientific evidence that far from global warming the earth has now entered a period of global cooling which will last at least for the next two decades.
Evidence for this comes from the NASA Microwave Sounding Unit and the Hadley Climate Research Unit while evidence that CO2 levels are continuing to increase comes from the Mauna Loa Observatory in Hawaii.
Professor Don Easterbrook one of the principle speakers at the recent World Conference on climate change held in New York in March this year attended by 800 leading climatologists, has documented a consistent cycle of warm and cool periods each with a 27 year cycle. Indeed the warm period from 1976 to 1998 exactly fits the pattern of climate changes for the past several centuries long before there were any CO2 emissions. Greenland Ice core temperature measurements for the past 500 years show this 27 year cycle of alternating warm and cool periods. Recently the global temperature increased from 1918 to 1940, decreased from 1940 to 1976, increased again from 1976 to 1998 and has been decreasing ever since.
However throughout this time CO2 has been added to the atmosphere in increasing amounts. This point was brought out by at the New York conference by Vaclav Klaus the rotating President of the EU and President of the Czech Republic. If CO2 emissions cause temperature rises than why is it that every 27 years the earth climate switches to a cooling mode with decreasing temperature? Clearly there is another explanation that does not include humans. .
Nearly ten years into the 21 century it is clear that the UN IPCC computer models have gone badly astray. The IPCC models have predicted a one degree increase in global temperature by 2011 with further large temperature rises to 2100. Yet there has been no warming since 1998 with a one degree cooling this year being the largest global temperature change ever recorded. Nasa satellite imagery from the Jet Propulsion Laboratory in California has confirmed that the Pacific Ocean has switched from the warm mode it has been in since 1977 to its cool mode, similar to that of the 1945-1977 global cooling period.
The evidence that the earth is in a cooling mode rather than a warming mode is there for all to see. the RSS(Remote Sensing System) in Santa Rosa California has recorded a temperature fall of two to three degrees in the Arctic since 2005, while US Army buoys show an increase in Arctic ice thickness to 3.5 metres. North America has had two of its worst winters for sixty years with the temperature in Yellowstone Park falling to a staggering minus 60 degrees.
About 46” of snow fell in New York in two weeks! Last February Toronto had over 70 cms of snow, more than anything since 1950! Snow has fallen in parts of China and Asia for the first time in living memory while Britain had its worst January for twenty years. Alps have best snow conditions in a generation ran a newspaper headline last December. Strange indeed that the BBC , who likes us to believe it is impartial does not mention these freezing temperatures and Arctic conditions.
Some warming in the Antarctic has only been on a small 20 mile strip of the Antarctic Peninsula as a result of the 1977- 1998 warming period. This is insignificant compared to the overall size of the huge Antarctic continent.
Studies by the WeatherAction team(weatheraction.com) led by astrophysicist Piers Corbyn and also the measurements of sun spots by the Institute of Solar-Terrestrial physics in Irkutsk in Russia show that over the last 50 years solar activity has been at its highest for the past several thousand years.
The Russian physicists have analysed sun spot activity from 1882 to 2000 and have noted that the minimum of the cycle of solar activity will occur around 2021 to 2026 and that we will be facing not global warming but global cooling leading to a deep freeze around 2050.
The UN IPCC graphics have left out the medieval warming period (950-1300AD) and the Little Ice Age (1350- 1850). This alters the picture entirely and does not then portray the alternating warm cool warm cool cycle of recorded world temperatures. Also statements put out by the UN IPCC are unrepresentative of many of its members. I do not recall any votes being taken of the opinion of members.
At the New York climate change conference in March as well as Vaclav Klaus delegates also heard Dr Richard Linzen from MIT probably the leading climatologist in the world today, as well as Professor Syun-Ichi Akasofu, former director of the International Arctic Research Center, Dr Willie Soon of the Harvard-Smithsonian Center for astrophysics and Professor Paul Reiter of the Pasteur Institute who all demolished the global alarmists case piece by piece.
In his speech the EU President Vaclav Klaus had these controversial words for the environmentalist lobby.
“Environmentalists-even mainstream environmentalists are less concerned about any crisis posed by global warming than they are eager to command human behaviour and restrict economic activity” He also said “their true plans and ambitions: to stop economic development and return mankind centuries back.
They are interested in their businesses and their profits made with the help of politicians”
He got a standing ovation from the assembled audience.
His assertion about the involvement of politicians is not surprising. This whole movement is in many parts a political movement with nearly all the recognised climatologists throughout the world dissenting from the man made global warming theory.
This can be seen on the US Senate Environment committee web site with over 700 leading climatologists from 24 different countries including Nobel Prize laureates all dissenting from the man made global warming theory. It has been well reported that at least one of the architects of Koyoto has strong links with the New Age Movement which is not a movement that would promote economic growth.
We have all recently noticed the escalating price of food. The reason for this is because American grain, the breadbasket of the world, is increasingly being turned into ethanol which has led to a three fold increase of maize prices worldwide. This has the potential to cause worldwide starvation!"
Terri Jackson is a Queens graduate physicist, climatologist and formerly founder of the Energy Group at the Institute of Physics, London."
Footnote: The hockey stick figure, which played the important role in the IPCC report of 2001, has not officially been withdrawn yet, although it has since been found to be erroneous.
Syun Akasofu is with the International Arctic Research Center at the University of Alaska Fairbanks in Fairbanks, AK"
"NASA Study Acknowledges Solar Cycle, Not Man, Responsible for Past Warming
Michael Andrews - June 4, 2009 9:37 AM
Report indicates solar cycle has been impacting Earth since the Industrial Revolution
Some researchers believe that the solar cycle influences global climate changes. They attribute recent warming trends to cyclic variation. Skeptics, though, argue that there's little hard evidence of a solar hand in recent climate changes.
Now, a new research report from a surprising source may help to lay this skepticism to rest. A study from NASA’s Goddard Space Flight Center in Greenbelt, Maryland looking at climate data over the past century has concluded that solar variation has made a significant impact on the Earth's climate. The report concludes that evidence for climate changes based on solar radiation can be traced back as far as the Industrial Revolution.
Past research has shown that the sun goes through eleven year cycles. At the cycle's peak, solar activity occurring near sunspots is particularly intense, basking the Earth in solar heat. According to Robert Cahalan, a climatologist at the Goddard Space Flight Center, "Right now, we are in between major ice ages, in a period that has been called the Holocene."
Thomas Woods, solar scientist at the University of Colorado in Boulder concludes, "The fluctuations in the solar cycle impacts Earth's global temperature by about 0.1 degree Celsius, slightly hotter during solar maximum and cooler during solar minimum. The sun is currently at its minimum, and the next solar maximum is expected in 2012."
According to the study, during periods of solar quiet, 1,361 watts per square meter of solar energy reaches Earth's outermost atmosphere. Periods of more intense activity brought 1.4 watts per square meter (0.1 percent) more energy.
While the NASA study acknowledged the sun's influence on warming and cooling patterns, it then went badly off the tracks. Ignoring its own evidence, it returned to an argument that man had replaced the sun as the cause current warming patterns. Like many studies, this conclusion was based less on hard data and more on questionable correlations and inaccurate modeling techniques.
The inconvertible fact, here is that even NASA's own study acknowledges that solar variation has caused climate change in the past. And even the study's members, mostly ardent supports of AGW theory, acknowledge that the sun may play a significant role in future climate changes."
"How a Loophole Benefits GE in Bank Rescue
Industrial Giant Becomes Top Recipient in Debt-Guarantee Program
By Jeff Gerth and Brady Dennis
ProPublica and Washington Post Staff Writer
Monday, June 29, 2009
General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks. ......."
Sidebar comment on YouTube "Please visit http://nvic.org This is a very informative site not only on the H1N1 vaccine but many others. Barbara Loe Fisher, President National Vaccine Information Center. June 17, 2009"
Found the video via Zero Hedge, market manipulation an issue they've discussed extensively.
"Taxpayer Funds Support Money Laundering?!
She sounds like a person of great substance .... wish her and her children the very best.
"In Political Storm, Governor’s Wife Is Hurt but Unbowed
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