2010/01/29
Secret Banking Cabal
And, now it’s mainstream.
I love the assumption that keeping extra food and water around is “crazy.”
Jan. 29 (Bloomberg) — The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.
Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.
So basically, what happened is these huge banks (both domestic and foreign) had billions of dollars in bad investments. Those investments were insured by AIG. When AIG was unable to pay off the insurance, the Federal Reserve stepped in and bought those bad insurance contracts for $30 billion. The banks received 100 cents on the dollar.
The result? Banks operate on the assumption that failure on their part will be subsidized by the US taxpayer.
The truth? The Federal Reserve’s reason for existing is supposedly to maintain economic stability in this country. The fact is that the Federal Reserve exists to protect the huge banks from failing and competing with each other. As long as the banks turn a profit, they can keep their money for themselves. When the banks fail, the Fed and it’s subsidiary, the federal government, will cover their losses. There’s no motivation for the banks to avoid risk.
The whole game is rigged.
2010/01/05
Elitism Rolls On
"This was a screw up that could have been disastrous," the president said during a meeting in the White House situation room, according to the White House media office. "We dodged a bullet but just barely. It was averted by brave individuals not because the system worked and that is not acceptable. While there will be a tendency for finger pointing, I will not tolerate it."
First of all, he "will not tolerate" any "finger-pointing" but he’s pointed out that it was an intelligence failure, which means he himself is pointing fingers at the CIA. Sure, the CIA fucked up, but what’s wrong with the rest of us saying so? The idiot makes no sense.
Secondly, like all liberals, he has again expressed his over-reliance and faith in a "system" rather than individuals. Liberals believe we need a new health care "system" because they don’t think individuals should be responsible for their own choices. We need security "systems" rather than creatively thinking people with good judgment. We need global "systems" of governance to control what people make and emit and buy and sell and build and burn. The strengths and abilities and God-given capacity for reason are more effective, but less governable, and therefore their exercise, even in positive ways, isn’t as desirable as a top-down infrastructure operated by ivy-league intellectuals and one-worlders.
The amazing part is that not once in human history has a centrally-controlled oligarchy produced a society based on freedom, prosperity and personal property. And yet this kind of intellectual, elitist arrogance persists.
Filed under Barack Obama, National Security, Statism by kodewords
On December 17th, 2009, President Obama issued an executive order that effectively exempted Interpol, the International Criminal Police Organization, from Constitutional limitations. The "property and assets" of Interpol are now "immune from search" and confiscation, and its archives "inviolable."
What does this mean? "This international law enforcement body now operates – now operates – on American soil beyond the reach of our own top law enforcement arm, the FBI, and is immune from Freedom Of Information Act (FOIA) requests."
For an added and disturbing wrinkle, INTERPOL’s central operations office in the United States is within our own Justice Department offices. They are American law enforcement officers working under the aegis of INTERPOL within our own Justice Department. That they now operate with full diplomatic immunity and with "inviolable archives" from within our own buildings should send red flags soaring into the clouds.
One might respond to such a thing with phrases along the lines of "Holy Shit."
The linked article goes on to suggest that this is a precursor to returning the United States to the status of signatory to the International Criminal Court, probably with the purpose of allowing foreign governments to prosecute American citizens for war crimes. That’s a travesty in itself. It would subvert American sovereignty to a world government, which seems to be one of Barack Obama’s end-games. But the directly disturbing (if not terrifying) part is that the Justice Department is apparently operating side-by-side with these international bodies already, and has already figured out how to operate outside its Constitutional limits.
Some of us wonder if it’s possible that we’ll wake up one day and America-as-we-know-it will be gone. I think it’s more accurate to say it’s already gone. The framework for flipping the switch seems to be pretty much in place: a rubber-stamp Congress; international super-constitutional police forces; control of health care, industry, and financial systems; Marxist control by labor unions of the education system and the low-skilled work force; overextended military focused on wars overseas. A financial regulatory system that awards the wealthy and privileged at the expense of the lesser 99%.
I don’t know what there is that could stop it at this point.
Filed under Barack Obama, Corruption, Foreign Policy, National Security, Statism by kodewords
2009/12/09
Incompetent Computer Climate Change Models
There is no conceivable reason to enter into a “climate change” treaty or to subject ourselves to regulatory tyranny when there’s this kind of evidence of shadiness and incompetence.
We need investigations first.
A segment on the Dec. 3 broadcast of BBC’s "Newsnight," showed the implications of the story behind the so-called "ClimateGate" scandal are more than just e-mails concealing data, but an incompetence analyzing the data by way of faulty computer code.
John Graham-Cumming, a British programmer known for the open source "POPFile email filtering program" explained how the University of East Anglia’s Climatic Research Unit (CRU) had wholesale problems with its computer programming analyzing climate change data, with billion, if not even trillions of dollars, on the line.
Filed under Environment, Statism by kodewords
2009/12/08
Government Motors
$30 billion taxpayer loss on GM
The Obama administration will tell Congress Wednesday that it expects to lose about $30 billion of the $82 billion government bailout of the auto industry, two administration officials familiar with the report said today.
It’s theft. It’s money that was stolen from people who pay taxes now and in the future to bail out not the company, but the union.
Redistributive change. It’s Obama’s promise and motive. Unions are socialist entities that exist to oppose businesses. The socialists sucked the life out of GM, and when it died, another socialist stole money from one group and used it to bring it back to life, and gave back it to his socialist friends and contributors to continue feeding. The end.
Filed under Barack Obama, Corruption, Democrats, Economy, Statism by kodewords




