Shadow Government "Money" Supply Growth from ShadowStats

Chart of U.S. Money Supply Growth

09 December, 2009

Gene@TheAmericanRepublic.com has shared something with you

Let's not forget the Ninth Amendment!

http://www.tenthamendmentcenter.com/2009/12/09/the-growing-movement-to-nullify-national-health-care/

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08 December, 2009

seattletimes.com: $10 an hour with 2 kids? IRS pounces

This message was sent to you by gene@theamericanrepublic.com, as a service of The Seattle Times http://www.seattletimes.com.

Comments from sender: And people wonder why I do what I do.Get the knowledge to fight back.

----------------------------------------------------------------------

$10 an hour with 2 kids? IRS pounces

Rachel Porcaro knows she's hardly rich. When you're a single mom making 10 bucks an hour, you don't need government experts to tell you how broke you are.


http://seattletimes.nwsource.com/html/dannywestneat/2010435946_danny06.html


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25 November, 2009

Crime DOES Pay When the Government Runs It

The FDIC's "Quarterly Banking Profile" http://www2.fdic.gov/qbp/2009sep/qbp.pdf, but those folks that "guarantee" your deposits in the banks are bankrupt. They didn't say it in so many words (and you have to slog through to page 13 of 26), but the "insurance fund" now stands at "a negative $8.2 billion (unaudited)."

Don't worry, though. "The United States" will make sure your "protected", by coming up with more & more taxes (to be paid by you). You'll just pay more, so you can (eventually) get back what the banks lose.

The old saw is wrong.

24 November, 2009

What Makes You Think It Couldn't Happen Here? It IS!

I would've "block-quoted" the text below, instead of italicizing it, but I couldn't.

In as Orwellian a fashion as many of you will ever see, the text below, a post from attorney Candace Gorman's Guantanamo Blog, doesn't exist. It's been "retroactively de-unclassified" (my term), so it wasn't published. Although it exists, in the public domain, it doesn't exist. SShhh! You can read it, as long as you understand that you're not reading it. You can tell others about it (verrrry discreetly, of course), but you have to let them know you're not telling them about something that doesn't exist. You'll have to go to Google's cache of http://gtmoblog.blogspot.com/2009/11/muzzle-is-off.html to read the original.

THE MUZZLE IS OFF
In June of this year I received a call from a foreign reporter who asked if I could give her a profile of my client Al-Ghizzawi as he was on a list of men whom the US was looking for a new home and her country was considering accepting him. This was the first I had learned that Al-Ghizzawi had been "cleared" by the Obama review team for release. I gave her information about my client and for all I know a story was published about the plight of al-Ghizzawi at Guantanamo, his status as "cleared" and why he needed a country in Europe to take him.
A few days later an attorney from the justice department called to tell me that Al-Ghizzawi was cleared for release and we laughed about the fact that I already knew the information. However the laughing stopped when the attorney told me that the justice department had designated the information as "protected" and I could not tell anyone except my client and those people who had signed on to the protective order (a court document that outlines the procedures for the Guantanamo cases) about his status as "cleared for release." I told the attorney that he could not declare something "protected" that was already in the public domain. To make a long story short we were not in agreement and the attorney filed an emergency motion with the judge to muzzle me. Despite the fact that the information was in the public domain I was muzzled by the good judge who apparently doesn't believe that the constitution applies to me. I couldn't even tell Mr. Al-Ghizzawi's brother what I thought was good news (I didn't know then that this was just another stall tactic by the justice department).
Not only was I muzzled but Mr. Al-Ghizzawi's case was put on hold. The habeas hearing that we had been fighting to obtain literally for years was stayed by the judge despite the fact that the US Supreme Court held in June of 2008 that the men were entitled to swift hearings.... So much for the Supreme Court! The president asked the judges to stop the hearings for those men who were "cleared" for release and the judges have fallen into lockstep, shamefully abandoning their duties as judges.
A few months later when I visited Al-Ghizzawi (at the end of August) he had just received word from his wife that she could no longer wait for his release and she asked him if she would sign papers for a divorce. Bad news is an every day occurrence for Al-Ghizzawi and he was holding up well despite this latest blow.
When I returned from the base I asked the justice department to allow me to contact Al-Ghizzawi's wife and tell her that he had been cleared for release. I hoped that if she knew he was to be released she would hang in there and not go through with the divorce. I was told they would get back to me. When they didn't I asked again but they still would not give me the ok. In Court papers I pleaded with the judge to let me tell Al-Ghizzawi's brother and wife, telling the judge about the wife's request for a divorce, but the Judge, the same Judge who has apparently decided to ignore the supreme court's directive for quick habeas hearings, ignored this plea as well.
I seriously thought about disobeying the order and trying to get word to Al-Ghizzawis' wife and then taking whatever lumps were thrown my way....however, despite the fact that the judicial system has failed Al-Ghizzawi and most of the men at Guantanamo I could not bring myself to blatantly disobey a court order. For five months I have kept this information confidential despite the injustice to both my client, Mr. Al-Ghizzawi, and to what was our rule of law.... until yesterday, when the muzzle was lifted.
This is only part of the story. I will be writing more about this in the future and our friend the talking dog has more to say on this.
Click on the title for his take.
Meanwhile, if you hear from a habeas attorney that his or her case has been stayed you will know about the injustice that their client is continuing to suffer, you will know that the client has been cleared for release, that the attorney cannot discuss that fact and that the judge in that case has abandoned his or her duty to be a judge. You will also know that being cleared for release is just as meaningless as everything else that has been happening to these unfortunate men....because being cleared for release means nothing.




Posted by H. Candace Gorman at 11:28 AM
And if ANYONE you don't know, and know WELL, asks you about it, assume they're from the Ministry of Trusth, and tell them I told you it doesn't exist.

23 November, 2009

New York Post story from Gene


Gene thought you would find this story from NYPost.com interesting:

Watch closely. Goldfinger is about to replace Goldfinger with Goldfinger.


JAMIE DIMON SEEN AS GOOD FIT FOR TREASURY

By MARK DeCAMBRE
http://www.nypost.com/p/news/business/polishing_dimon_IKfyRK8PArjjlMYflWAvDK

To sign up for Daily Newsletter Alerts, please visit http://www.nypost.com/Signup.

22 November, 2009

FW: The Hidden Costs of Too Much Government Debt

Got this BEFORE I read the "pubrecord.org" commentary, but I see things...(you get the picture - if not, read the previous post).
-----Original Message-----
From: James Winbush [mailto:jameswinbush@yahoo.com]
Sent: Friday, November 20, 2009 4:35 PM
Cc: Elfrieda Ellison; Dennis Gault
Subject: Fwd: The Hidden Costs of Too Much Government Debt





MONEYANDMARKETS»

Friday, November 20, 2009








YOUR BEST SOURCE FOR THE UNBIASED MARKET COMMENTARY YOU WON'T GET FROM WALL STREET



[«] Money and Markets 2009 Archive View This Issue On Our Website [»]
The Hidden Costs of Too Much Government Debt
by Mike Larson
Dear Subscriber,
Mike Larson
This week was a fascinating one on the geopolitical front. President Barack Obama travelled to China in what was billed as a major diplomatic trip.
The idea? Try to reach common ground on several fronts, including global nuclear proliferation, environmental issues, and especially China's currency ...
The U.S., Europe, and even some of China's Asian neighbors believe that China is artificially suppressing the value of its currency, the renminbi or yuan. That, in turn, is giving China an artificial advantage in global trade by making its exports more competitive vis-à-vis those of other nations.
But you know what Obama came home with? Not much of anything. A joint statement here. A stiff, "no questions asked" press conference there. Substantive progress was nowhere to be found.
Obama's trip to China was all smiles but no  substance.
Obama's trip to China was all smiles but no substance.
That's disturbing — and it reflects a very uncomfortable fact: The balance of power between the U.S. and China has shifted largely in China's favor because of our overreliance on China to fund our profligacy. In fact, I believe that this shift is one of the single biggest "hidden" costs of our massive government debt load.
Debt Costs Keep Rising,
With No End in Sight!
You don't need me to tell you that our public debt is enormous. As of this week, it came to $12,031,299,186,290.07. That's more than $12 TRILLION in case you have trouble grasping a number that big. In just the past decade, it's up more than 111 percent.
Things are only going to get worse, too, because Washington has completely abandoned any semblance of fiscal discipline! We're running ever-larger budget deficits, including $1.42 trillion in fiscal 2009 alone.
The interest cost alone on our debt last year was $202 billion. That's enough to send every man, woman, and child in this country a $656 check. Keep in mind that those costs were artificially low because of the lowest short-term rates in history due to the Fed's rate cuts. Moreover, the flight-to-quality rally in government bonds helped keep longer-term rates low.
External Sponsorship
Congress Wants to Give you $17,500
While most Americans are steamed about Healthcare and Cap and Trade, millions of folks missed Congressional Mandate HR-3221. That's too bad, because HR-3221 contains a "secret loophole" that could pay you $17,500 this year — and every year.
 
As bond prices fall, rates rise, and absolute debt levels climb ever-higher. That number is going to spiral upward. In plain English, we're going to be dedicating a larger and larger share of the U.S. budget just to pay interest on our debt. Forget about defense, health care, Social Security or anything else.
China is the largest foreign owner  of U.S. debt.
China is the largest foreign owner of U.S. debt.
He Who Controls the Purse Strings
Makes the Rules ...
But again, those are just the VISIBLE costs. The HIDDEN costs are much, much worse over the long term.
China owned $799 billion of our Treasury debt as of September. That's up from $618 billion a year earlier and $468 billion the year before that. About 61 percent of the Treasuries traded in the marketplace, as of mid-2008, were in foreign hands. And now, China has surpassed Japan as the largest foreign owner. That means they control the purse strings.
Heck, China is such an 800-pound gorilla in our debt market, they don't even have to dump their existing bond horde to send prices plunging and interest rates surging. They can just step back and buy fewer bonds at auction!
China knows this. What's more, the country's leaders are so confident in their position of strength that The New York Times reported the following about the China-U.S. trip ...
"In six hours of meetings, at two dinners and during a stilted 30-minute news conference in which President Hu Jintao did not allow questions, President Obama was confronted, on his first visit, with a fast-rising China more willing to say no to the United States.
"On topics like Iran (Mr. Hu did not publicly discuss the possibility of sanctions), China's currency (he made no nod toward changing its value) and human rights (a joint statement bluntly acknowledged that the two countries "have differences"), China held firm against most American demands.
"With China's micro-management of Mr. Obama's appearances in the country, the trip did more to showcase China's ability to push back against outside pressure than it did to advance the main issues on Mr. Obama's agenda, analysts said."
The chairman of the China Banking Regulatory  Commission criticized U.S. monetary and fiscal policies.
The chairman of the China Banking Regulatory Commission criticized U.S. monetary and fiscal policies.
That's not all. Chinese officials have taken to frequently lecturing the U.S. about how to run our monetary and fiscal policy.
One example: The chairman of the China Banking Regulatory Commission, Liu Mingkang, just warned that ...
"The continuous depreciation in the dollar, and the U.S. government's indication, that in order to resume growth and maintain public confidence, it basically won't raise interest rates for the coming 12 to 18 months, has led to massive dollar arbitrage speculation."
He added that ...
"The U.S.' monetary policy has seriously affected global asset prices, fueled speculation in stock and property markets, and created new, real and insurmountable risks to the recovery of the global economy."
Not very subtle. But also not surprising in light of the shifting balance of power.
Bottom line: We're in hock as a nation like never before. Neither the administration nor Congress has any plan to change that fact. And both the actual and hidden costs of our debt are rising every day. We should all be concerned, and anyone who tells you otherwise is, in my view, woefully misguided.
Until next time,
Mike




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Are We having Fun, YET?!?!?

I'm known for saying "I see things that other people don't see...and sometimes they're really there!"

I saw, on a late summer day 8 years ago, that the "reds" had outdone the "blues". I was told I was crazy, even by people who knew, as I did, that no one intent on making a political statement with fertilizer & diesel - back in '95 the "blues" ran things - would be stupid enough to try to escape in a "no license plate" car, travelling well over the speed limit.

I saw, in the April, 1993 announcement that NBC planned to do a mini-series about the (then) ongoing standoff in Waco, Texas, that it no longer had a chance of ending well.

Like I said, I see things that other people don't see...and sometimes they're really there! I see "terrorists", "wars", and "pandemics" as only the most obvious of the many and varied distractions intended to provide cover for the theft of America.

I mean that literally. And when you read (if you still can, and will) the commentary at http://pubrecord.org/commentary/6084/critical-unraveling-society/, you might just grasp how I CAN mean that literally, and why I do.

For those of you who won't bother, here are some "high" points:

Goldman Sachs (the undisputed "Chair" of Goldfinger), generated record profits so far this year and plans to pa out $16,700,000,000.00 (for the mathematically challenged, that's 16 BILLION+) "for compensation expenses", Goldman Sachs is on pace for the best year in the firm’s history, they are also while only paying 1% in taxes.

"foreclosure filings “hit a record high in the third quarter [of 2009]… "

"25 Million people are unemployed or underemployed"

"taxpayers at risk of losing as much as $5.1 billion invested in the banks since TARP was launched "

"US public debt topped 12 trillion dollars" That's 12,000,000,000,000.00.

But we should, really, keep our priorities straight. After all, it MUCH more important whether mammograms start at 40 or 50.

And besides, isn't there a game on?

18 November, 2009

And YOU Think "They" Aren't Wiretapping YOU?

It’s fun, or it would be if the “public” - defined by at least one federal court as “…that vast multitude that includes the ignorant, the unthinking, and the credulous…” – were less so, to read drivel such as “Rage Grows in America: Anti-Government Conspiracies”, published by the Anti-Defamation League. http://www.adl.org/special_reports/rage-grows-in-America/default.asp

In dismantling this blatant attack on concerned Americans (not all of whom I agree with), I think it’s important to follow advice that was ubiquitous in my childhood: “Consider the source”.

First, as footnoted on the web page, “The Anti-Defamation League is a not-for-profit organization recognized as tax-exempt under Internal Revenue Code section 501(c)(3).” As such, it is reasonably to be assumed that any disagreement with government policy is viewed as a threat to the “special treatment” of this organization.

Continuing in a “bottoms up” fashion (they’ll probably liken this to “grass roots”), it’s worthy of note that the ADL asserts as a “most troubling aspects of the rise of anti-government sentiment in 2009” a “resurgence of the militia movement”. I’m not surprised that this statement (indeed, the particular subject) is found in the last paragraph of the “Special Report”. The assertion that “Within the past two years, the movement has almost quadrupled in size…” gives lie to the entire work, showing that its focus of “anti-Obama” is misplaced. It is barely one year since Obama’s “election”, not yet even eleven months since the concert on the mall, yet the alleged “-near-quadrupling” of the “militia movement” is attributed – by the ADL – as being motivated by a personal, or perhaps racial, animus. This “fact” (if such it is) conflicts with the premise.

It could be, I suppose, that the allegedly exponential growth in the “militia movement” includes ADL’s immediately prior category, “Three Percenters”. This “loosely organized movement” is apparently not so loose as to avoid ADL labeling them(?) as “committed to the restoration of the Founders’ Republic”, or to prevent ADL as quoting an unidentified member(?) as “willing to fight, die, and if forced by any would-be oppressor, to kill…”.

Having narrowed the field, the next target (actually, previous; we’re critiquing “bottoms up”, remember) is “The Oathkeepers”, described as “an anti-government group that tries to recruit police and military personnel and veterans…”, while completely avoiding the fact that it is their Oath to “protect and defend the Constitution” that these fine Americans propose to honor – if, or when, “orders” that would violate that Oath are given. I find it curious that the ADL would oppose “police and military personnel”, in particular, refusing to obey unlawful or unconstitutional orders. I cannot conceive that the ADL has forgotten Nuremburg, or the reasons that name lives in all history.

“Resisting the Government” presupposes that, prior to Obama, there was no such desire. On the contrary, a great many Americans (and Freedom lovers the world over) found the previous administration at least as dangerous to Liberty; not a few recognized that encroaching danger several administrations, even generations, before that. Viewed in context, this particular “cause for alarm” is a transparent attempt to paint genuine concern for Liberty as racist; so transparent, in fact, that notable numbers of “people of color” see through it.

“Anti-Government Conpiracies” relies upon supposition that “Anti-government conspiracy theories seem clearly to have played a role…” in a shootout in Pittsburgh. Even assuming the supposition as true, it is just as likely that the well-publicized militarization of civilian police departments led to the event. Police no longer respond to domestic disturbances as peacemakers; they come in armor, and anyone who watches television news knows it.

Indeed, opposition to a “training exercise”, to be conducted in Iowa, off of any military installation, is viewed as a “wild and fantastical” (sic), and “reinterpreted by conspiracy theorists as an exercise in confiscating firearms from American citizens”, forgetting entirely the willful – and unlawful – disarmament of Citizens protecting their New Orleans homes after Katrina. This one covers as well the “Conspiracy Theories Imagine Government Plots” heading, given the known facts.

Blaming “anti-Obama” on “the extremist fringe”, ADL attacks by name Alex Jones (when they should know how much Alex will love this and the business it brings him!), but has enough blame to cover “mainstream media” in general and Glenn Beck in particular (who will also, I presume and hope, capitalize) for “a surprisingly active role in generating such…”. This assumes, of course, that “mainstream media” still possesses a credibility that no one I know – not even hard core “koolaid drinkers” – afford them. And Beck merely demonstrates that concerns for Liberty are FAR more wide than a government-sponsored entity such as ADL would care to admit.

Likewise the characterization of “The “Birther” Movement”. In ADL’s opinion, and that of many others, the fact that the published “copy” of Obama’s birth certificate appears oddly different from contemporaneous Hawaii birth certificates is only a manifestation of racism. My observation is that too few Americans really give a damn whether he’s American or not, and I find that more troubling than I can express.

For the top three categories, it’s clear that subjugating every American man, woman, and child – including those yet to be born – to a debt to “bailout” those who should have known, and I believe did know, better, and holding all of us hostage, against our national will, is ok with ADL. It’s clear that, to ADL, opposition to government seizing control of personal health decisions – in the name of supporting the econonmy all but destroyed by those recipients of that unwilling “bailout” - is no reason to be unhappy with government.
It’s clear that, to ADL, opposing the making of “willful failure to pay” and “health insurance evasion” crimes under the tax code, is merely “anti-Obama”.

As much as I’ve admired them in the past, ADL is just wrong.

If you’re not somehow described in ADL’s “Special Report”, you’re un-American.

23 October, 2009

Rolling Up the TARP

An editorial in the Washington Examiner, http://www.washingtonexaminer.com/opinion/Uncovering-the-bull-under-the-bailout-8426220.html#, notes that TARP Inspector General Neil Barofsky wrote a 256-page report to Congress detailing the Treasury Department's failure to implement anti-fraud measures, or even to require TARP recipients to report how they used the billions Congress and the Treasury Department gave them, and that its "highly unlikely" that $317,000,000,000.00 (billion) will ever be repaid. In the final paragraph, the editorial mentions "Incredibly, just Wednesday, President Obama announced a new TARP-like program..." suggesting that "The madness in Washington won't stop until the people completely clean house at both ends of Pennsylvania Avenue." While I agree with the necessity to "completely clean house" (and have since before GHW Bush got "selected" in '88), I believe there IS, in fact, a way to secure repayment of all "bailout bucks" -- and repair the damage done to our nation, states, and people -- in a relatively short fashion.

The means has already been demonstrated, and sanctioned by the Supreme Court ore than 4 years ago, in Kelo v. New London: The answer is to condemn ans seize Wall Street under Eminent Domain.

For those that are too lazy to look it up, "eminent domain" is the power to seize private property for public use. Imagine, for a moment, the price per square foot of Wall Street. All of the offices, on all of the floors, of all of those towering monuments to the power of "creative finance".

Although use of eminent domain power generally requires "compensation" for the taking, the argument can easily be made that all of Goldfinger (which includes, but is in no way limited to, Goldman Sachs, JP Morgan entities, Citi entities, etc.) have already "received" their compensation: TARP funds.

In one fell swoop, the "debt" that CONgress put Americans not yet even born "on the hook for" can be wiped out; "the taxpayers" will have secured the repayment of "TARP" bailouts through the most expensive real estate in the world. If Goldfinger doesn't like it, we can offer to sell Wall Street back (owner-financed, of course -to keep Goldfinger's FED out of the transaction- at 2008 prices, with interest at 5% over LIBOR, of course).

30 September, 2009

Can Anybody Cash A Reality Check?

OK, so it’s been awhile since I posted. While that shouldn’t represent a dearth of material about Goldfinger (for those of who don’t recall, Goldfinger was one of the many ultra-rich, “bent on ruling the world” megalomaniacs that 007 was always fighting), but an article in the NY Post requires that I set aside a few minutes – and a few paragraphs – to remind those who think this is still a free country what fools they are.

The article, by John Crudele, http://www.nypost.com/p/news/business/the_secret_to_goldman_sachs_good_WBlKYEyLfH7GP4zT0vNrEP opens with the question “Is this how Goldman Sachs does it?”

My short answer, John, is…duh!

“Goldman Sachs knows lots of important people.” Really? And tell me, is rain wet? Ice cold? Government corrupt?

Duh.

Mentioned are “unparalleled access to Treasury Secretary Hank Paulson”, whose immediately prior position was CEO of Goldman, and a series of early morning telephone calls between Paulson and Lloyd Blankfein, his Goldman replacement; Paulson and SEC Chair Chris Cox; Paulson and (his replacement at Treasury) Tim Geithner of the New York Fed. And don't think that by "Goldfinger", I'm referring solely to Goldman Sachs; there are calls involving other companies, serving only to illustrate, rather than refute, “unparalleled access”. Goldman is merely the top of the bottom-feeder foodchain.

In true “corporate-owned media” form, Crudele writes as if this was a new phenomenon, thankfully behind us. He overlooks (as if that even comes close to being the right word) that Geithner’s Chief of Staff came straight from Goldman; that Goldman’s Richard Rubin running Treasury when the whole “subprime” (GOD, I love euphemisms!) fiasco got its start; that Goldman has people in State, and, no doubt, other “departments” of the United States. Anybody care to hazard a guess as to how many other Goldfinger people, i.e., (dare I say it) "competitors", are holding government offices?

And, true to form, Crudele doesn't actually say the "problem" has been solved by the "turn of the party coin" in "legislative" and "executive" offices; he just conveniently overlooks that the single, largest contributor to Barack Obama was…(do I really have to say it?)

30 July, 2009

I'm Thinkin' I Found It.

Last week, I made an issue of it when Goldfinger's Ben Bernanke testified in a Congressional Hearing that he didn't know where 553,000,000,000 in loans to foreign central banks went. (See "Who Got 553,000,000,000.00", below). What he did know, however, was that those loans weren't costing Americans anything:
video


This week, Neil Barofsky, the Special Inspector General for TARP, told Congressman Dennis Kucinich the Fed is paying banks NOT to make loans:
video

Keep in mind that at the beginning of last week, the Wall Street Journal headlined the story: "White House Taps Hormats for State Post", about a Goldfinger operative appointed as the State Department's undersecretary for economic, energy and agricultural affairs. http://online.wsj.com/article/SB124788062989961233.html, published July 20.

The WSJ noted that "Mr. Hormats also will play a central role in managing Washington's "strategic and economic dialogue" with Beijing, a diplomatic exchange overseen by Mrs. Clinton and Treasury Secretary Timothy Geithner." It should be remembered that Geithner's Chief of Staff recently moved to that post after serving as GS' lobbyist, and that China is the U.S.government's largest creditor.

Let's see...Goldfinger Fed gets banks to "park" over 877,000,000,000.00 instead of making credit available to "main street"...Goldfinger Fed "loans" 553,000,000,000.00 "to foreign central banks" it won't name...Goldfinger operative becomes a diplomat...to China...

I'm thinkin' I found five hundred fifty-three TRILLION bucks. I wonder if there's a reward?

23 July, 2009

Obama Insists Trillion-Dollar Healthplan Necessary To REDUCE Budget Deficit

ExcUSE Me?

In an act of economic terrorism in the Goldfinger style, Barack Obama insists that the national recovery from Goldfinger's theft of America's wealth depends on funding his $1 trillion health plan. Only in the District of Criminals could spending 1,000,000,000,000 you don't have improve your budget.

video

Who Got 553,000,000,000.00?

video

Blogger’s Note: According to his official bio, http://www.federalreserve.gov/aboutthefed/bios/board/bernanke.htm, Bernanke was “a visiting scholar” at the Federal Reserve Banks of Philadelphia, Boston, and New York during the Reagan, Bush I, Clinton, and Bush II administrations, at times when former chairman of the New York investment banking firm of Dillon, Read & Co. Inc., Nicholas F. Brady was SecTreas; and again during Robert Rubin’s tenure. A member of the Academic Advisory Panel at the Federal Reserve Bank of New York from mid-Bush I to mid-Bush II, Bernanke was Chairman of Bush II's Council of Economic Advisers, from June 2005 to becoming Fed Chair.

17 July, 2009

The End Is Near

No, not the end of the world (although I do, at times, resemble the cartoon guy with the sandwich board).

The end I'm talking about is that point where the illusion of a "free country" need no longer be maintained. I've spent at least a decade telling people that Goldfinger owns the government (mostly getting laughed at for it), and now Goldfinger doesn't even try to hide it anymore (Note that the monicker, "Goldfinger", is NOT limited to GS, but applies equally to purported "competitors", and those with whom relationships exist in/with other organizations, e.g., the Council on Foreign Relations).

Revelations, by other than "the tin-foil hat crowd", can mean only one of two things: either they're confident that Americans, in general, are too dumb, too lazy, or too cowardly to take whatever steps are necessary (which plays into the "or"); or, they're confident that since they own the government, and its military, no effective resistance can be mounted or maintained. Several items lead me to this conclusion:

First was a former Assistant Secretary of Treasury, asked by Max Keiser who the SecTreas works for, declaring "He works for Goldman-Sachs." http://www.youtube.com/watch?v=WgekLmXmCB4 For this to be stated so boldly (in the closing moments) by what can only be described as an insider is profound. (For only the question and answer, see my previous post "Seven Seconds of Truth".)

Next is Glenn Beck's description of Goldman-Sachs' ubiquitous presence and participation since the flash-paper mortgages went south. http://zerohedge.blogspot.com/2009/07/glenn-beck-explains-goldman-web.html Although Beck doesn't (or isn't allowed to) get into GS' presence when the seeds of "the mortgage meltdown" (copyright unknown, but probable) were planted by GS' "Clinton Administration", or its fingerprints ALL OVER the intervening decade) the fact that Faux News is broadcasting Beck laying out how Goldfinger owns the government (albeit limited to Goldfinger's GS division), is scary, not so much for the "is" of it as for the public discussion of it in Goldfinger-controlled media.

The last two almost go hand-in hand. http://zerohedge.blogspot.com/2009/07/roubini-my-views-were-taken-out-of.html discusses misrepresentation of Roubini's "it'll last 24 months" statement as "it'll be over this year", (Roubini counters that the "recession" is in its 19th month, and things won't begin to get better until '10, and then only slightly), while http://zerohedge.blogspot.com/2009/07/stop-trading_17.html details how some people (who may or may not have taken action upon the out-of-context Roubini quote, are actually just increasing their tribute payments to Goldfinger. A chuckle can be found in the article, where a victim threatens to get (Goldfinger-owned) regulators involved, and the response.

Unspoken in all of this, but hanging in the air, is a classic "mobster" question:

What Are YOU Gonna Do About It?

07 July, 2009

Make them stop! My sides hurt.

Tyler Durden, of Zero Hedge http://zerohedge.blogspot.com, writes in today's column about a complaint letter sent by "GOLD ANTI-TRUST ACTION COMMITTEE INC," to the SEC and CFTC about Goldfinger. http://zerohedge.blogspot.com/2009/07/gold-anti-trust-action-committee-urges.html. It seems that a former Goldfinger employee obtained proprietary software, and was charged http://www.bloomberg.com/apps/news?pid=20601087&sid=a_6d.tyNe1KQ) an Assistant United States Attorney - Joseph Facciponti - has Goldfinger tacitly admitting to manipulating markets (and apparently whining because someone else might).

I'm Awed, but not shocked.

The funny part? See the few previous posts on this blog. CFTC is now Chaired by Gary Gensler, formerly(?) of Goldfinger. SEC has Mary Schapiro at the helm (gotta throw a seafaring term in, y'know). Although I haven't found any direct Goldfinger connection for Mary, she was the first female SEC Chairman (Acting) when Rubin (of Goldfinger) was Clinton's Treasury Secretary.

I know nothing about GATA beyond a look at their website http://www.gata.org, but if they are who and what they say they are, they should know better than to go to the wolves' den about missing chickens.

Anarchists At Play

Not that I believe it for a second, but it's interesting to watch the magicians' assistants in CONgress play out their little soap opera on "auditing" Goldfinger's prime property, the "Federal" "Reserve". Now that "the other team (D)" "have the ball, so to speak, the "defense (R)" supposedly wants to "audit" the league.

As if THAT'S gonna happen.

Here's the video. This beats the comedy channel hands down.


video

06 July, 2009

Government IS Anarchy

As I read http://www.nolanchart.com/article6583.html from a widget on my website ("On Gold and Market Manipulation"), I see this interchange between George Dance and Brad Spangler about Dance's article "Government or Anarchy", first published last year (and as Dance points out, that means A YEAR). The gist of what I get is that Spangler doesn't like Dance's "authorities". Oh, the irony!
What's interesting (to me, anyway) is that I read Spangler's blog - once - and find he's nowhere near my understanding of "little-L" libertarian (pun intended). Then again, I quit describing myself as such years ago, when a battle ensued over "which Libertarian Party" would control Arizona's...(it's REALLY HARD not to use this "L-word"). It was the "control" issue that got to me. Turns out "Libertarians" (as in "Party"..."LIARtarians?") are now not much different from the (D)emons and/or (R)eprobates. Neither Socialist/fascist nor Fascist/Socialist goals are made more palatable by the fact that "a kinder, gentler" Party is supporting them. The infiltration was a success, as clearly illustrated by Bob Barr's "Big 'L'" candidacy.
But the infiltation of libertarianism was inevitable, given the infiltration of (what used to be) our government.
We won't find our way out of this until and unless we learn to accept the fact that there is no current choice between government and anarchy. Government, a majority-, if not wholly-owned subsidiary of Goldfinger, IS anarchy. At least by any definition I've ever heard.

They have TOTAL disregard for the Constitution, which, despite being "over 200 years old..." (sniff*, whimper, snivel) is THE ONLY SOURCE OF AUTHORITY THEY CAN CLAIM.
They have TOTAL disregard for their own "laws", and they have such TOTAL disregard for any of "us" (those that aren't "them"), that they don't even bother to pretend anymore. If any of "them" get caught up in the consequences of their actions they'll just order a pardon, or a "bailout" (Libby taking the fall for Cheney; Goldfinger's Paulson "bailing out" Goldfinger, etc.).

The anarchists aren't among us. The anarchists have taken over.

03 July, 2009

And so it goes...followup

Although I'm not a "follower", preferring to blaze my own trails, I'm now following Zero Hedge. This is due completely to Tyler Durden's coverage of a marvelous Mike Taibbi article on Goldfinger in the July 9-23 Rolling Stone: http://zerohedge.blogspot.com/2009/06/goldman-sachs-engineering-every-major.html Being time-limited to tongue-in-cheek references myself, I really appreciate the work of one who can dig as deep as Taibbi has.

I'm nearly as encouraged by the followup comments, but for one. One commenter asks: "What the hell has Obama got to do with this article on Goldman Sachs plundering the US once more?"

My previous posts should answer that. Goldfinger ran Treasury when the fuse was lit. Goldfinger ran Treasury at the point of critical mass. And Obama has joined the plunder, with Goldfinger still running Treasury's printing presses, and now controlling specie through the CFTC.

02 July, 2009

And so it goes...

"Gary Gensler was sworn in as the Chairman of the Commodity Futures Trading Commission on May 26, 2009." So begins the CFTC's Press Release http://www.cftc.gov/aboutthecftc/commissioners/ggensler.html extolling the virtues of Barack Obama's choice as chairman of the U.S. Commodity Futures Trading Commission. "He is a summa cum laude graduate from Wharton...Bachelor of Science in Economics...Master of Business Administration...".

And yes, this is the same Gary Gensler who was "Assistant Secretary of Financial Markets" from 1997-1999, under Goldfinger's Secretary of Treasury, Robert Rubin. The same Gary Gensler who fought, as Under Secretary of Domestic Finance (1999-2001, under Goldfinger-owned Larry Summers), to exempt from regulation the credit default swaps that later brought (Goldfinger's) AIG to its knees. The same Gary Gensler who, in between, was a Senior Advisor to Paul Sarbanes, Chairman of the Senate Banking Committee, and co-author of Sarbanes-Oxley, "reforming corporate responsibility, accounting and securities laws" after Enron.

Just the kind of guy Goldfinger needs to control commodities, and over $5 trillion in trades in their "futures".

At least commodities have futures. With Goldfinger "up 125% since Obama..." replaced Goldfinger's Paulson with Goldfinger's (NYFed) Geithner at Treasury, Goldfinger's Gensler will make sure Goldfinger does; it's not so certain that we, as Americans, do.

11 February, 2009

Bankers Reject "Small Change"

Tim Geithner, the Goldfinger-trained former head of the Goldfinger-owned New York “Fed” who succeeded Goldfinger’s Henry Paulson as Treasury Secretary has disappointed Goldfinger and other “Fed” shareholders by proposing a modest 1.5 trillion (that’s 1,500,000,000,000.00) to “bail out” Goldfinger-controlled banks.

Expressing their dismay verbally were representatives of Goldfinger subsidiaries Oppenheimer & Co, and Friedman, Billings, Ramsey, who lamented the “unavoidable reality” of “nowhere near enough.”

“There could be people out there that could actually pay off their share of the current debt” says one unidentified source, “maybe even the entire family’s.” (Ed. Note: the estimated individual share of the national debt is $35,091.23; a family of four could trade their house for Freedom) “We can’t have people owning their homes and businesses.”

In action, Goldfinger’s owners simply allowed pictographs of falling markets speak for them. "That ‘picture worth a thousand words’ thing worked last year,” said a highly placed snickering lackey, “and if necessary, my boss’ll have Timmy G. threaten martial law like Hank did.”

For more information, dream on.

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