Who Is Barack Obama?

You may have thought deeming Sen. Obama a Socialist was a slanderous reference to his 'Spread the wealth around' gaffe. NO, it's fact. At least 5 independent news sources have investigated the originality of this documentation, but you won't see this on ABC, NBC, CBS or CNN nightly news. The Chicago Democratic Socialists of America are all up with Sen. Obama (see below).
CNN's Campbell Brown reports, "It's on the record that Sen. Barack Obama is a Christian, but why should that matter? So what if Obama were a Muslim or an Arab?"
It matters if calling yourself one thing, but your "fruit" bears out that you're quite another...Beware of wolves in sheep's clothing.
Sen. Obama's ethnicity is not the issue, it's his underlying heritage & influences. His "guilt by association" is more than apparent. It's shocking. McCarthyism indicted more people as Communists with less proof. I'm not crazy about McCain, but Obama is not what he presents himself to be. America is poised to elect a terrorist & radical Muslim sympathizer, who is also a Socialist Democrat liberal, as President of the United States. Putting him in the White House with the likes of Pelosi, Reid, Dodd & Schumer over a leftist Democratic Party controlled Congress will make the Depression & the Carter years pale by comparison.

See it again, "I'm mad, I'm really mad", McCain Town Hall Meeting attendee speaks out.
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Obama was a member of Chicago's Socialist "New Party"

Posted on October 14, 2008

Right Click to view larger image

Winners! NP-endorsed candidates Patricia Martin (far left), Danny Davis (center), and Barack Obama (far right), celebrate with Chicago New Party members Ted Thomas and Ruth Schools after their victories in the Democratic Primary last month.

Right Click to view larger image

Bloggers New Zeal and The Big Feed discovered this photo of Barack Obama and other New Party socialists including Danny K Davis (center), from the front page of New Party News

Power Line reported that Obama is even quoted in this socialist newsletter.
Obama actively sought the New Party’s endorsement and urged the Marxist members to join his campaigns. The New Party went so far as to claim Obama as an official member of their organisation. The New Party socialists were affiliated with the Democratic Socialists of America.

Above photo and text from La Yihad en Eurabia

And this cross posted from Politically Drunk
Wednesday, October 8, 2008

Web Archives Confirm Barack Obama Was Member Of Socialist ‘New Party’ In 1996

In June sources released information that during his campaign for the State Senate in Illinois, Barack Obama was endorsed by an organization known as the Chicago “New Party”. The ‘New Party’ was a political party established by the Democratic Socialists of America (the DSA) to push forth the socialist principles of the DSA by focusing on winnable elections at a local level and spreading the Socialist movement upwards. The admittedly Socialist Organization experienced a moderate rise in numbers between 1995 and 1999. By 1999, however, the Socialist ‘New Party’ was essentially defunct after losing a supreme court challenge that ruled the organizations “fusion” reform platform as unconstitutional.

After allegations surfaced in early summer over the ‘New Party’s’ endorsement of Obama, the Obama campaign along with the remnants of the New Party and Democratic Socialists of America claimed that Obama was never a member of either organization. The DSA and ‘New Party’ then systematically attempted to cover up any ties between Obama and the Socialist Organizations. However, it now appears that Barack Obama was indeed a certified and acknowledged member of the DSA’s New Party.

On Tuesday, I discovered a web page that had been scrubbed from the New Party’s website. The web page which was published in October 1996, was an internet newsletter update on that years congressional races. Although the web page was deleted from the New Party’s website, the non-profit Internet Archive Organization had archived the page.

From the October 1996 Update of the DSA ‘New Party’:”New Party members are busy knocking on doors, hammering down lawn signs, and phoning voters to support NP candidates this fall. Here are some of our key races…Illinois: Three NP-members won Democratic primaries last Spring and face off against Republican opponents on election day: Danny Davis (U.S. House), Barack Obama (State Senate) and Patricia Martin (Cook County Judiciary).”

Link To The New Party Update

Beyond the archived web page from the Socialist New Party is the recognition by the “Progressive Populist” magazine in November 1996 that Obama was indeed an acknowledged member of the Socialist Party.”New Party members and supported candidates won 16 of 23 races, including an at-large race for the Little Rock, Ark., City Council, a seat on the county board for Little Rock and the school board for Prince George’s County, Md. Chicago is sending the first New Party member to Congress, as Danny Davis, who ran as a Democrat, won an overwhelming 85% victory. New Party member Barack Obama was uncontested for a State Senate seat from Chicago. ”

Link To The November 1996 Progressive Populist Article

The Democratic Socialist Party of America published in their July/August Edition of New Ground 47 Newsletter.”The Chicago New Party is increasingly becoming a viable political organization that can make a different in Chicago politics. It is crucial for a political organization to have a solid infrastructure and visible results in its political program. The New Party has continued to solidify this base…the NP’s ‘96 Political Program has been enormously successful with 3 of 4 endorsed candidates winning electoral primaries. All four candidates attended the NP membership meeting on April 11th to express their gratitude. Danny Davis, winner in the 7th Congressional District, invited NPers to join his Campaign Steering Committee. Patricia Martin, who won the race for Judge in 7th Subcircuit Court, explained that due to the NP she was able to network and get experienced advice from progressives like Davis. Barack Obama, victor in the 13th State Senate District, encouraged NPers to join in his task forces on Voter Education and Voter Registration.”

Link To DSA Article

Obama’s membership within the ‘New Party’ is disturbing as even Green Party members attacked the DSA and New Party as nothing more than a fringe group. The New Party had hoped to implement Socialist Rule in the United States and was established to counteract the influence of a Democratic Party that they viewed as too moderate and too centered. Now it seems that nearly 10 years after the socialist party fell apart, their strategy of upward growth has reached the White House. Obama’s ties to the DSA’s New Party is beyond just an association it is outright membership, as clearly defined by the parties August 1996 newsletter, in an outright Socialist organization.
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Chicago Democratic Socialists of America Archive (Chicago DSA), April 1996

A Town Meeting on Economic Insecurity:

Employment and Survival in Urban America

By Bob Roman

Over three hundred people attended the first of two Town Meetings on Economic Insecurity on February 25 in Ida Noyes Hall at the University of Chicago. Entitled "Employment and Survival in Urban America", the meeting was sponsored by the UofC DSA Youth Section, Chicago DSA and University Democrats. The panelists were Toni Preckwinkle, Alderman of Chicago's 4th Ward; Barack Obama, candidate for the 13th Illinois Senate District; Professor William Julius Wilson, Center for the Study of Urban Inequality at the University of Chicago; Professor Michael Dawson, University of Chicago; and Professor Joseph Schwartz, Temple University and a member of DSA's National Political Committee.

The meeting demonstrated that economic insecurity is an issue not exclusive to Buchanan Republicans. It is a vital issue for the left as well. More than that, it illustrated that, unlike the Right, the democratic left has a number of potential solutions that go beyond mere demagoguery.

Alderman Preckwinkle began the discussion by observing that the Chicago City Council rarely takes up the great issues facing the city even when it is presented with legislation dealing with these issues. Hearings are not held. Legislation rarely makes it out of committee.

As examples, she used Alderman Joe Moore's (49th) Privatization Ordinance which was introduced last year and the Jobs and Living Wage Ordinance which will be formally introduced in the Council very soon.

The Privatization Ordinance (see January - February, 1995, New Ground, page 1) was a modest effort to regulate the manner in which city services were privatized. It would have made the process accountable and made sure savings were not accomplished at the expense of employees. The measure was consigned to oblivion in committee. While a majority of the Council "supported" the ordinance, an attempt to release it from committee failed for lack of votes.

The Jobs and Living Wage Ordinance (see January - February, 1996, New Ground, page 10) is a more ambitious attempt to require city contractors to pay a minimum living wage. The measure will be formally introduced into the Council in April or May. Alderman Preckwinkle was not optimistic about its prospects although the presence of the Democratic National Convention may provide some opportunities for better leverage.

Barack Obama observed that Martin Luther King's March on Washington in the 1960s wasn't simply about civil rights but demanded jobs as well. Now the issue is again coming to the front, but he wished the issue was on the Democratic agenda not just on Buchanan's.

One of the themes that has emerged in Barack Obama's campaign is "what does it take to create productive communities", not just consumptive communities. It is an issue that joins some of the best instincts of the conservatives with the better instincts of the left. He felt the state government has three constructive roles to play.

The first is "human capital development". By this he meant public education, welfare reform, and a "workforce preparation strategy". Public education requires equality in funding. It's not that money is the only solution to public education's problems but it's a start toward a solution. The current proposals for welfare reform are intended to eliminate welfare but it's also true that the status quo is not tenable. A true welfare system would provide for medical care, child care and job training. While Barack Obama did not use this term, it sounded very much like the "social wage" approach used by many social democratic labor parties. By "workforce preparation strategy", Barack Obama simply meant a coordinated, purposeful program of job training instead of the ad hoc, fragmented approach used by the State of Illinois today.

The state government can also play a role in redistribution, the allocation of wages and jobs. As Barack Obama noted, when someone gets paid $10 million to eliminate 4,000 jobs, the voters in his district know this is an issue of power not economics. The government can use as tools labor law reform, public works and contracts.

Finally, Illinois needs an industrial strategy. How do we create more jobs for everyone? Illinois has no strategy for encouraging high wage, high productivity jobs.

Professor Wilson's presentation was based on his forthcoming book, When Work Disappears: the World of the New Urban Poor. William Julius Wilson began by demanding that the left not be intimidated by the Contract on America and how it has limited the terms of the debate. What we need, he asserted, was a jobs policy based roughly on the New Deal's WPA. The work would concentrate on badly needed infrastructure maintenance and improvement. It would be a universal program; the jobs would be available to everyone, "including Donald Trump" if he chose to do some useful work for a change. These would be new jobs. State and local government would not be allowed to subsidize their own budgets the way they did with CETA in the 1970s.

Professor Dawson spoke on how critical the issues facing this country have become. Not only have the problems themselves become severe, but the politics resulting from them have become a danger to freedom and democracy.

DSA member Joe Schwartz brought the presentations to a rousing close. He observed that any politics of the democratic left needs to confront racism. There is no way we can finesse the issue by simply organizing around universal programs; we need to build a new politics of social solidarity. He concluded by pointing out that all of the proposals given tonight, even the most modest, will be red-baited. We must grow up and be forthright about how social democracy / democratic socialism has made the life of working people better the world over.

Which is exactly our point.
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Barack Hussein Obama is really ARAB-AMERICAN

By Kenneth E. Lamb

http://kennethelamb.blogspot.com/2008/02/barak-obama-questions-about-ethnic.html

Why is the fact that Mr. Obama is only 6.25% African Black not reported?

Because to acknowledge it is to report this devastating truth about him: Mr. Obama is not legally African-American. It is impossible for him to be, in truth, America’s first African-American president.

Federal law requires that to claim a minority status, you must be at least 1/8 of the descriptor, but for the sake of this article, I’ve converted it to a decimal fraction for easier comprehension. You must be at least 12.5% of the racial component you claim for minority status. Mr. Obama, claiming to be African-American, is half the legal threshold.

Again, to let it sink in: Mr. Obama is not legally African-American. It is impossible for him to be, in truth, America’s first African-American president.

Yet claiming to be African-American is the soul and substance of his claim to fame. It is what he has used throughout his adult life to distinguish himself from other competitors. It is the ethnic identity he proclaims, and it is the ethnic identity he craves. Without it, he is just another mixed race Caucasian Arab with an African influence playing on his skin’s pigmentation.

But no matter what he craves, no matter what he has used to propel himself through life, no matter the racist presumption of seeing his skin and without question calling him black, the hard, cold, genetically inarguable reality remains: he is not an African-American.

Mr. Obama is 50% Caucasian, that from his mother. What those who want Mr. Obama to write history by becoming “America’s first African-American president” ignore is that his father was ethnically Arabic, with only 1 relative ethnically African Negro - a maternal great-grandparent (Sen. Obama’s great-great grandparent, thus the 6.25% ethnic contribution to the senator’s ethnic composition.).

That means that Mr. Obama is 50% Caucasian from his mother’s side. He is 43.75% Arabic, and 6.25% African Negro from his father’s side.

Put another way, his father could honestly claim African-American ethnic classification. He was the last generation able to do so.

Sen. Obama could honestly say, “My father was African-American.” Racist presumptions led an Ivy League admissions committee, and lazy “newspapers of record” factcheckers, to presume that if his father is African-American, then Sen. Obama must be African-American also.

But it doesn’t work that way. Racist presumptions coupled with sloppy vetting don’t turn a lie into the truth.

Sen. Obama is one generation too far removed from the ethnic African Negro input to make the same claim as his father, Harvard’s Admission’s stamp of approval notwithstanding.

As you can see for yourself, Sen. Obama’s African-American ethnic claim, when properly researched and documented, is a lie.

The question no one wants to answer - particularly Mr. Obama and his supporters, is, “Why do you think he has an Arabic name? Why does his father have an Arabic name? Why does every ancestor on his father’s side have an Arabic name?”

The answer is obvious: They have Arabic names because his father’s side of the family tree is Arabic.

Need proof? Research the Kenyan records for yourself. You will find that his father was officially classified as “Arab African” by the Kenyan government.

Wall St. Petulance & A Gov't Gone Mad

Wall St., our Banking System, lenders & borrowers have been such bad little children; throwing tantrum after tantrum, then, promising to be good, yet still misbehaving. So, our Gov't (mother) promises us (father, breadwinner, taxpayer, citizen) to clean up all their messes and make everything all right. Sounds just dandy?
Wrong. Wrong. Wrong...

This is not a TV family sitcom where the script makes everyone happy in 30 minutes. This is a harsh reality in progress where millions of Americans watch their proverbial worlds collapse in a matter of months. A reality where we are being manipulated & controlled unlike ever before. An America where personal liberty, freedom, responsibility & democracy no longer exist in the eyes of our gov't. They have taken over and will dominate our lives ever more intrusively. "Of the People, by the People, for the People"?
HOGWASH!
We do not control our gov't, IT controls us. The "IT" has become a destructive monster all unto its own.

We cannot believe or trust anyone or anything we hear or see from the media, our Gov't and Wall St. They're all fumbling about like, "The Blind Men & the Elephant".
Huge Wall St. rises & falls are just violent outbursts of its emotional instability. We suspected its insanity for a long time, but now the evidence is stark. Meanwhile, the Gov't & the media follow in lock step like rats after a Mad Pied Piper.

Allow me to outline this recipe for disaster in the simplest terms:
Wall St. & Banking failures prompt Gov't intervention and HUGE money injections. Gov't doesn't have this money; ergo, print it, tax for it, borrow it. Thereby, increasing National Debt, higher inflation, higher prices, more borrowing, raising taxes, decreasing consumer spending, spurring economic slowdown & joblessness, devaluing our currency, depressing the markets. Our gov't exerts more & more controls over industry, institutions, personal life, and society; the cycle keeps repeating & expanding until final implosion and collapse.

We are caught between a whipsaw & a vise. And, this is just a portion in re, the material aspects. The terminal decline of our moral, ethical & spiritual health has already permeated all corners of our society; from Main St. to Wall St., from Capitol Hill to Hollywood, from Pennsylvania Ave. to Rodeo Dr., from kindergarten to college, from educator to executive, from farmer to financier, from sanitation worker to
Senator, from rapist to Representative, from preacher to President...
The wickedness of the human heart is not constrained by occupation, environment or philosophy.

Now, there is a remedy, a cure, a redeeming regeneration. But, you probably won't like it, so you may not want to partake of it. It's a short medication, but has everlasting effects. So, if really you're serious, read on. If not, then don't go beyond this point.


The Cure
First, consider & realize there is an eternal, all-powerful, omniscient, invisible Creator you have wholly ignored, slandered, defied & rebelled against. Your willfulness (sin) has separated you from having a personal relationship with Him. And worse, your continued willfulness (sin) has a price, a debt, an obligation that will result in eternal separation from Him, and from everyone and everything you've come to love in your human existence. Actually, this is exactly what sin means, "to be without" or, "to be cut off". But, while you still have breath, also realize that your Creator loves you in spite of how you think & feel about Him, how you've cursed & abused Him along with your fellow human beings, in spite of every wicked thought & deed you've ever had and done, and continue to do.

Second, realize He has not & did not leave you to ignorance or without a way of redemption. He has provided a written record of His Plan, His Work, and Eternal Provision for you. This record is known to us as the "Holy Bible", 66 books from Genesis to Revelation. Your Creator claims He wrote it, verifies it, and states
there is no adding to, or taking away from it. He says it will never be obliterated, it will never fail, nor pass away until all be fulfilled. In fact, He guarantees to stand behind it for all eternity.

Third, your Creator has promised since the beginning of time an unveiling of His interaction with the human race. These unveilings, aka revelations & prophecies, all depict His incarnation as the God-Man, the person called Yeshua ha' Meshiach (Jesus the Christ), Emmanuel (God with us), the King of Kings and Lord of Lords.
Yeshua, in His first earthly ministry, came to do what you could not; pay your debt owed to your Almighty Creator. In this Father & Son scenario, the Father laid on the Son the sin debt of every human being who has ever lived. The Son accepted and embraced your debt as His own, and gave up His life in exchange for yours. The Father accepted His Son's sacrifice & death in your stead, and raised Him from the dead. The Son declared pardon and righteousness to all, past, present & future, who receive Him as Lord & Savior, King & Redeemer. He returned unto the Father until the End of the Age. The rest & best is yet to come...

All you need do right now is bow your heart to Him, accept His sacrifice on your behalf in all truth, honesty & sincerity, in simple prayer. Embrace the Son. He hears you and will credit your account, "PAID IN FULL".

Now, new life begins, a new nature is born, you no longer live unto yourself. The seed is planted and sprouts. A transformation has begun. What next?
Find a Bible, get to know your King, your Redeemer, (KJV, NIV; John's Gospel will do to start). Seek another redeemed child of God, tell him what's happened, ask questions, learn & grow in the knowledge of Christ. Talk to Him daily, make your needs, requests, concerns known to Him. Expect answers, see results, but accept "no" and "wait" as answers, too. Understand anew what's happening to you and the world around you.
Your eternal journey awaits...

World Economic Crisis; Chaos or Conspiracy?

Although, I'm not wholly ascribing to all the stated arguments of Corsi's article or Bolser's assertions, they most definitely give great food for thought.

Note the date of the first article below; Feb 5,2008, 7 months back.
As you read, consider that both Jerome Corsi & Mike Bolser are deemed "counter-stream" to the mainline media & economic pundits.
When I first read this months ago, I took it in smiling stride without deeper consideration, but the events over the last few months made me re-read & reconsider it undeniably plausible. The Fed has done exactly what Bolser's analysis charts.

Remember that the Federal Reserve System is a PRIVATE enterprise, not a government agency in any way. The hidden conspirators we've heard about for years, The Illuminati, the Bilderburgs, the World Bank Organization, the International Monetary Fund, are all either direct board members or partners of our Federal Reserve System. And, while the US Treasury is a government agency, it works hand-in-glove with the Fed.

Doesn't it seem more than a little odd that our Treasury Secretary, Hank Paulson, a highly respected, well educated & experienced money manager, formerly of Goldman Sachs, would only put forth a 3-page request for $700Billion? There's no way he couldn't have known the outcome! It was exactly designed to fail! He played Congress like a fiddle! Congress is now shelling out $1.3TRILLION! of borrowed money WE do not have, and Hank is at the helm! Oversight? It's just smoke & mirrors. And the plot just keeps gettin' thicker...

Imagining that all this economic crisis & deflation of the worlds' stock markets, are a staged, choreographed plan to drive down the ever soaring food & energy prices in order to stave off hyper-inflation makes all too much sense on a global scale. Skyrocketing gas, oil & food prices threatened to wreck our supposed conspirators' control. They do not exercise as much power over OPEC, Russia & China, seeing they are mainly based out of Europe & America. But, this very scenario may accomplish everything they hope it would: Checkmate the major oil producers, drop prices, curb inflation, and bring about consolidation. Remember, there has always been a greater goal in these dark minds to centralize money & power over the world's economies - look at the back of your dollar bill, "Novus Ordo Seclorum", the New Order of the Ages.

Conspiracy theorists have stated for decades that World Wars I & II were also contrived by some of the above mentioned parties or their predecessors. Granted, while there is ever a convoluted mix of fact & fiction in such theories, the results are often astoundingly real. Case in point: If the decisions by all the involved countries in this crisis result in; re-stabilizing our stock market around 8000, regaining control over inflation, enacting a unified monetary policy, and the establishment of a single worldwide clearinghouse, then you may want to mull over the plausibility all the more seriously. The re-shaping of our world is underway...
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Economist: Expect Fed to lower Dow to 8,000
Critic claims agreements involving billions used to shift market

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Posted: February 05, 2008
10:11 pm Eastern
By Jerome R. Corsi

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WorldNetDaily

Consumers should expect a deep recession, triggered by the "stealth methodology" of the Federal Reserve to "depress" the market even while lowering interest rates in an ostensible effort to stimulate economic growth, an economic analyst is charging.

"The Federal Reserve is directly involved in manipulating the stock market," said economic analyst Mike Bolser in a telephone interview with WND yesterday.

The New York Stock Exchange finished the day down 108.03 points, closing at 12,635.16, much as Bolser predicted, despite recent emergency Fed rate cuts of 1.25 percentage points aimed at stimulating the economy.

"Fed wants the Dow Jones Industrial Average and other financial indicators to descend in a managed way," Bolser said. "The Fed wants to drive the DJIA toward the 8,000 level, or below, in order to help create a deep recession which will have the effect of slowing consumption across the board, and dampening the otherwise harmful effects of inflation."

"A falling DOW is only one element of the recession effects of the excessive Fed-created housing and credit creation, whose bubbles are now bursting," he added.

"Without this recession, we would be on quick trip to hyper-inflation," Bolser, the author of an internationally followed newsletter published in conjunction with his InterventionalAnalysis.com website, said, "and the Fed wants to prevent this."

In his twice-daily subscription newsletter, Bolser has devised a quantitative methodology for utilizing Federal Reserve repurchase agreements to predict upward and downward movements of the DJIA, measured on a 30-day moving average.

Yesterday, Bolser noted the Fed added $18 billion to repurchase agreements, edging the pool up to a total of $153.158 billion in unexpired temporary repurchase agreements.

Repurchase agreements involve a sophisticated use of government securities issued every day by the Fed, but little understood or followed, even by sophisticated investors.

A repurchase agreement, as defined by the Fed, is a government security offered by the federal government to a small list of specified primary government securities dealers, for a limited period of time, usually 28 days or less, with overnight return being the most common.

The government securities are "rented" by the primary dealers and they can be added to the primary dealer's portfolio or collateralized and then used in the open market to implement the Fed's open market policy.

At the end of the repurchase agreement, the Fed obligates itself to take back the government securities from the primary dealers, effectively canceling the contract.

Meanwhile, while holding the government securities let out by the Fed in the repo agreement, primary dealers are free to utilize the liquidity provided by the repurchase agreement to manipulate the economy in accordance with the Fed's true monetary policy, whether publicly declared or not.

Primary dealers use the funds provided by the government securities they hold under the repurchase agreements to buy dollar exchange futures contracts, stock market futures, or to buy commodities contracts, including gold mining shares, all in accord with implementing Federal Reserve monetary policy to manipulate currency, commodity and stock markets up or down, depending what goals the Fed wants to accomplish at any particular time, the economist alleges.

Over the past several months, however, the Fed has implemented a policy to issue smaller amounts of daily repurchase agreements, with the goal of reducing the total pool of repurchase agreements available to the Fed's short list of 20 banks that are qualified by the Fed to serve as primary government securities dealers participating in the Fed's Open Market Operations.

Only the 20 banks specified in the Federal Reserve Bank of New York's list of primary government securities dealers are allowed to participate in Fed repurchase agreements.

"The primary government security dealer banks are like a private club," Bolser told WND. "You get to stay in the club as long as you take the repurchase agreements and enter the markets to implement Fed monetary policy the way the Fed wants it implemented. Violate the unspoken rules, and you risk being thrown out of the club."

Yesterday's $18 billion addition to the repurchase agreement pool caused the total amount of the outstanding repurchase agreement pool to remain below the DJIA 30-day moving average in a clear trend.

Bolser used this data to predict the Fed was manipulating the stock market lower, a controversial prediction when most economists see the Fed's emergency actions to reduce the target Fed Funds rate 1.25 percentage points lower over an eight-day period that ended with last Wednesday's meeting of the Federal Open Market Committee.

"Ultimately, the government is in the business of inflating the dollar," Bolser said, "so the Fed is trying to engineer a recession, in order to cushion the pernicious effects of its own inflation."

"In my view, the government intentionally desires a deep recession not unlike that of the 1930s," he continued. "The Fed, however, dissembles, attempting to display the opposite impression with its rate cuts."

"Cutting rates will not boost the economy in an environment where the credit bubble has burst and banks are afraid to lend," he explained. "But decreasing the repurchase pool will push the economy down, especially when the primary banks execute monetary policy in accordance with the wishes of the Fed to short the market with future contracts that push the indices down."

Bolser argued the Fed's ability to manipulate the market by increasing or decreasing the pool of available repurchase agreements amounts to a "stealth methodology" where the Fed can now depress the market, while implementing a policy of lowering interest rates, which most economists would see as trying to stimulate economic growth and the stock market.

"You have to remember the primary goal of the Fed is to support the bond market, which the Fed has done for quarter century," Bolser stressed. "The Fed needs a strong bond market so the Treasury can sell the enormous amount of Treasury securities, especially to China, that we need to sell to finance what this year may be as large as a $400 billion dollar budget deficit calculated on a cash basis."

"As a result, the friend of the Fed is the bond speculator," he added.

Among the U.S. banks and securities firms currently on the list are Bank of America Securities, Cantor Fitzgerald, Countrywide Securities, Bear Stearns, Daiwa Securities America, Goldman Sachs, Greenwich Capital Markets, HSBC Securities (USA), J.P. Morgan Securities, Lehman Brothers, Merrill Lynch Government Securities, and Morgan Stanley.

Also on the list are France's BNP Paribas Securities, Great Britain's Barclays Capital, Switzerland's Credit Suisse Securities, Japan's Mizuho Securities, and Germany's Dresden Kleinwort Wasserstein Securities.

"These dealers are the foot soldiers of the Fed, as it implements monetary policy," Bolser said.

Studying Bolser’s "Repos/DOW" chart from Dec. 7, 2007, through yesterday, a broad correlation between the downward movement in the Fed repurchase agreements pool totals and the DJIA as seen by tracking the 30-day moving average is clear.

"With this strategy, the Fed hopes we won't experience the extreme 'stag-flation' we had in the late-1970s," he argues. "The Fed hopes to induce a recession to manage downward stock prices and commodity prices, including oil, gold, copper, and lumber, as well as the overall consumer demand for retail goods."

"Stag-flation" is an unusual economic situation combined when economic stagnation is combined with inflation, much as the economy is currently experiencing, such that economists fear we are entering a recession while food and energy prices continue to rise sharply.

Any Respite Only Temporary: Global Tsunami Engulfs Us

Nearly each passing day, the world shudders as the global economic news worsens. Governments everywhere, and most decidedly our own, scramble to come up with unprecedented taxpayer borrowing to shore up banks, buy bad debt and nationalize financial industries. Yet, world-wide stock markets only briefly take a breath until the next bad news hits the wires. While a few officials & financial analysts are finally admitting the problems are more severe than they thought, almost none really grasp the big picture of what is truly happening before our eyes.

In America, we are witnessing the vulnerable underbelly of our nation now being offered up in sacrifice to the gods of greed & avarice. Our government leaders are blindly placing democracy, liberty, freedom and our fiscal soul upon the altar of Socialism. Political expediency prods them to hastily cower & bow before their deities. All the while the masses clamor for deliverance, “What do the gods require to allow us to return to our lives of decadence, debauchery, selfishness & materialism? Return us to the times of easy credit with endless debt that we may postpone the Day of Reckoning and place it upon our childrens' heads.”

We are now partakers in the most massive global shift since World Wars I & II, and perhaps, ever. Before this worldwide tsunami is over, entire nations will be realigning their political, financial & economic structures into never before imagined landscapes. Socialist America? Unthinkable! America, an EU member? Preposterous! The dollar extinct? Ridiculous! But now a closer reality…

I am constantly amused and dismayed at the unending parade of media & government pundits who sincerely believe they are in the know. It’s so laughable I could cry. You all really don’t even begin to have a clue. You wouldn’t know reality if it bit your behind. I wish I could explain how deep the rabbit hole goes & where, but you’re part of the “Matrix”, and you don’t want to be unplugged.

By the time this Tsunami subsides, our world of humanity will be unlike ever before. Yet, in many ways it will be as in the days of Noah. Our Towers of Babel are being rebuilt. Unity is the new mantra; One mind, one economy, one currency. Europe & the western hemisphere will embrace this philosophy as the saving grace to return to peace, stability & “normal” life, but it will be anything but “normal”. Russia, China, & The Middle East believe their own “Towers” are superior to ours, and will race to touch the heavens. World economic and “natural” calamities will push us steadily and unexpectedly into corrals of restriction & confinement, all the while convincing us it is “good” for the sake of mankind and our survival. Meanwhile, all eyes are upon Jerusalem.

Doom & Gloom? Maybe. Inevitable? Undoubtedly. Unchangeable? Individually.

This is not a tale of my own imagination, but a panorama seen with the eyes of discernment: Where we’ve been, where we are & where we’re going. A world confused & confounded in its own vision, yet lucid & defined within my scope. Perhaps your hearts & minds might be illumined and the fog be lifted, to see not with the eyes of the physical, but with the eyes of Faith.

Laugh & scoff all you care to, all the way to oblivion. I do care and it does matter, but my words are mere fumbling keys to your door of persuasion. The preparation of your minds to receiving Truth is wholly outside my realm of expertise.

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U.S. May Take Ownership Stake in Banks

October 9, 2008

By EDMUND L. ANDREWS and MARK LANDLER

WASHINGTON — Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials.

Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.

The Treasury plan was still preliminary and it was unclear how the process would work, but it appeared that it would be voluntary for banks.

The proposal resembles one announced on Wednesday in Britain. Under that plan, the British government would offer banks like the Royal Bank of Scotland, Barclays and HSBC Holdings up to $87 billion to shore up their capital in exchange for preference shares. It also would provide a guarantee of about $430 billion to help banks refinance debt.

The American recapitalization plan, officials say, has emerged as one of the most favored new options being discussed in Washington and on Wall Street. The appeal is that it would directly address the worries that banks have about lending to one another and to other customers.

This new interest in direct investment in banks comes after yet another tumultuous day in which the Federal Reserve and five other central banks marshaled their combined firepower to cut interest rates but failed to stanch the global financial panic.

In a coordinated action, the central banks reduced their benchmark interest rates by one-half percentage point. On top of that, the Bank of England announced its plan to nationalize part of the British banking system and devote almost $500 billion to guarantee financial transactions between banks.

The coordinated rate cut was unprecedented and surprising. Never before has the Fed issued an announcement on interest rates jointly with another central bank, let alone five other central banks, including the People’s Bank of China.

Yet the world’s markets hardly seemed comforted. Credit markets on Wednesday remained almost as stalled as the day before. Stock prices, which had plunged in Europe and Asia before the announcement, continued to plummet afterward. And stock prices in the United States went on a roller-coaster ride, at the end of which the Dow Jones industrial average was down 189 points, or 2 percent.

On Thursday, shares rebounded somewhat in Europe, with many exchanges up more than one percent, but Asian markets were mixed.

The gloomy market response on Monday sent policy makers and outside experts on a scramble for additional remedies to stabilize the banks and reassure investors.

There is no shortage of ideas, ranging from the partial nationalization proposal to a guarantee by the Fed of all lending between banks.

Senator John McCain, the Republican presidential candidate, on Wednesday refined his proposal — revealed in a debate with the Democratic nominee, Senator Barack Obama, the night before — to allow millions of Americans to refinance their mortgages with government assistance.

As Washington casts about for Plan B, investors are clamoring for the Fed to lower interest rates to nearly zero. Some are also calling for governments worldwide to provide another round of economic stimulus through expensive public works projects.

Yet behind the scramble for solutions lies a hard reality: the financial crisis has mutated into a global downturn that economists warn will be painful and protracted, and for which there is no quick cure.

“Everyone is conditioned to getting instant relief from the medicine, and that is unrealistic,” said Allen Sinai, president of Decision Economics, a forecasting firm in Lexington, Mass. “As hard as it is for investors and jobholders and politicians in an election year, this crisis will not end without a lot more pain.”

One concern about the Treasury’s bailout plan is that it calls for limits on executive pay when capital is directly injected into a bank. The law directs Treasury officials to write compensation standards that would discourage executives from taking “unnecessary and excessive risks” and that would allow the government to recover any bonus pay that is based on stated earnings that turn out to be inaccurate. In addition, any bank in which the Treasury holds a stake would be barred from paying its chief executive a “golden parachute” package.

Treasury officials worry that aggressive government purchases, if not done properly, could alarm bank shareholders by appearing to be punitive or could be interpreted by the market as a sign that target banks were failing.

At a news conference on Wednesday, the Treasury secretary, Henry M. Paulson Jr., pointedly named the Treasury’s new authority to inject capital into institutions as the first in a list of new powers included in the bailout law.

“We will use all the tools we’ve been given to maximum effectiveness,” Mr. Paulson said, “including strengthening the capitalization of financial institutions of every size.”

The idea is gaining support even among longtime Republican policy makers who have spent most of their careers defending laissez-faire economic policies.

“The problem is the uncertainty that people have about doing business with banks, and banks have about doing business with each other,” said William Poole, a staunchly free-market Republican who stepped down as president of the Federal Reserve Bank of St. Louis on Aug. 31. “We need to eliminate that uncertainty as fast as we can, and one way to do that is by injecting capital directly into banks. I think it could be done very quickly.”

Mr. Paulson acknowledged that the flurry of emergency steps had done little to break the cycle of fear and mistrust, and he pleaded for patience.

“The turmoil will not end quickly,” Mr. Paulson told reporters on Wednesday. “Neither the passage of this law nor the implementation of these initiatives will bring an immediate end to the current difficulties.”

Mr. Paulson will play host to finance ministers and central bankers from the Group of 7 countries this Friday. But he cautioned against expecting a grand plan to emerge from the gathering.

More likely, the participants will compare notes about the measures they are adopting in their own countries. David H. McCormick, Treasury’s under secretary for international affairs, said there was no “one size fits all” remedy for the crisis, though countries were cooperating through the coordinated cuts in interest rates, with guarantees on bank deposits and in regulations.

At the Federal Reserve in Washington, officials insisted they had not run out of options and made it clear they were willing to do whatever it took to shore up the economy.

Fed officials increasingly talk about the challenge they face with a phrase that President Bush used in another context: “regime change.”

This regime change refers to a change in the economic environment so radical that, at least for a while, economic policy makers will need to suspend what are usually sacred principles: minimal interference in free markets, gradualism and predictability.

In the last month, both the Treasury and the Fed took extraordinary steps toward nationalizing three of the biggest financial companies in the country. Last month, the Treasury took over Fannie Mae and Freddie Mac, the giant government-sponsored mortgage-finance companies that were on the brink of collapse. A week later, the Fed took control of the American International Group, the failing insurance conglomerate, in exchange for agreeing to lend it $85 billion.

On Wednesday, the Federal Reserve announced that it would lend A.I.G. an additional $37.8 billion.

But neither the individual corporate bailouts nor the Fed’s enormous emergency lending programs — including up to $900 billion through its Term Auction Facility for banks — have succeeded in jump-starting the credit markets.

“The core problem is that the smart people are realizing that the banking system is broken,” said Carl B. Weinberg, chief economist at High Frequency Economics. “Nobody knows who is holding the tainted assets, how much they have and how it affects their balance sheets. So nobody is willing to believe that anybody else isn’t insolvent, until it’s proven otherwise.”

Rome (America) Begins to Burn: HR1424 Passes; Economy Still Tanks

Even while Congress and our President go giddy slapping each other's back in passing HR1424, the Economic Stabilization Act, Wall St. and our economy go south. HR1424 does nothing to address our nation's real problem, it is a sad, failed attempt to throw money at a SYMPTOM.
Watch closely over the coming months & years as America sinks into the morass of its own delusion.
Resultant to HR1424 becoming law, America has leaped further down upon the path of Socialism from which we will never return. Look for the continuing signs across our land in the days ahead. It will be horrifying as we see the devastation of Liberty and our freedoms diminish. The economy will continue to sink; unemployment, inflation, and social unrest will skyrocket. Our currency will deflate to never before seen levels, and our government will enact more & more controls in attempts to stabilize the nation. But, none of it will be of any effect.
Judgment has been passed upon America. We ignored the warnings. We have not heeded His Word. We have been weighed in the balance and been found wanting. Only YHWH's mercy will spare His children in this now dark & desolate land.

Jeremiah 5: 2-14
Though they say, The LORD lives; surely they swear falsely. LORD, are not your eyes on the truth? you have stricken them, but they have not grieved; you have consumed them, but they have refused to receive correction: they have made their faces harder than a rock; they have refused to return. Therefore I said, Surely these are poor; they are foolish: for they know not the way of the LORD, nor the judgment of their God. I will get me to the great men, and will speak to them; for they have known the way of the LORD, and the judgment of their God: but these have altogether broken the yoke, and burst the bonds. A lion out of the forest shall slay them, and a wolf of the evenings shall spoil them, a leopard shall watch over their cities: every one that goes out there shall be torn in pieces: because their transgressions are many, and their backslidings are increased. How shall I pardon you for this? your children have forsaken me, and sworn by them that are no gods: when I had fed them to the full, they then committed adultery, and assembled themselves by troops in the harlots' houses. They were as fed horses in the morning: every one neighed after his neighbor's wife. Shall I not visit for these things? said the LORD: and shall not my soul be avenged on such a nation as this? Go up on her walls, and destroy; but make not a full end: take away her battlements; for they are not the LORD's. They have belied the LORD, and said, It is not he; neither shall evil come on us; neither shall we see sword nor famine: And the prophets shall become wind, and the word is not in them: thus shall it be done to them. Why thus said the LORD God of hosts, Because you speak this word, behold, I will make my words in your mouth fire, and this people wood, and it shall devour them.

Shadow of Things to Come in the USSA, Some already here.

The 1929 US Depression is a distant memory heard from our parents & grandparents, something to which our present generation cannot relate. Yet, it still wasn't as horrific as what is happening in Zimbabwe today. But, if our President & Congress have their way with $Trillions + of our non-existent tax dollars (we don't have $1Trillion, we owe $10Trillion), our life in the United Socialist States of America will make Zimbabwe look like a picnic in Central Park.
If you don't think so, look below at the similarities, some even now:

Todays' Headlines: October 1, 2008

Life in Zimbabwe: Wait for Useless Money

Associated Press

(read: New Yorkers storm Wall St. Banks)

At a bank in Harare, Zimbabwe, this week, the police directed customers trying to withdraw their nearly worthless savings.

By CELIA W. DUGGER

Published: October 1, 2008

HARARE, Zimbabwe — Long before the rooster in their dirt yard crowed, Rose Moyo and her husband rolled out of bed. “It is time to get up,” intoned the robotic voice of her cellphone. Its glowing face displayed the time: 2:20 a.m.

Enlarge This Image

(read: $10,000 US Dollars for a gallon of milk)

Philimon Bulawayo/Reuters

Zimbabwe issued new denominations of its paper money on Tuesday after it dropped 10 zeros from its inflated currency.

Enlarge This Image

(read: long bread lines in Chicago, Atlanta, Detroit, LA, Dallas, Baltimore, etc.)

Philimon Bulawayo/Reuters

Customers waiting for new bank notes this week lined up outside a bank in Harare, Zimbabwe, a common practice these days with the country mired in an extended period of hyperinflation.

They crept past their children sleeping on the floor of the one-room house — Cinderella, 9, and Chrissie, 10 — and took their daily moonlit stroll to the bank. The guard on the graveyard shift gave them a number. They were the 29th to arrive, all hoping for a chance to withdraw the maximum amount of Zimbabwean currency the government allowed last month — the equivalent of just a dollar or two.

Zimbabwe is in the grip of one of the great hyper-inflations in world history. The people of this once proud capital have been plunged into a Darwinian struggle to get by. Many have been reduced to peddlers and paupers, hawkers and black-market hustlers, eating just a meal or two a day, their hollowed cheeks a testament to their hunger.

Like countless Zimbabweans, Mrs. Moyo has calculated the price of goods by the number of days she had to spend in line at the bank to withdraw cash to buy them: a day for a bar of soap; another for a bag of salt; and four for a sack of cornmeal.

The withdrawal limit rose on Monday, but with inflation surpassing what independent economists say is an almost unimaginable 40 million percent, she said the value of the new amount would quickly be a pittance, too.

“It’s survival of the fittest,” said Mrs. Moyo, 29, a hair braider who sells the greens she grows in her yard for a dime a bunch. “If you’re not fit, you will starve.”

Economists here and abroad say Zimbabwe’s economic collapse is gaining velocity, radiating instability into the heart of southern Africa. As the bankrupt government prints ever more money, inflation has gone wild, rising from 1,000 percent in 2006 to 12,000 percent in 2007 to a figure so high the government had to lop 10 zeros off the currency in August to keep the nation’s calculators from being overwhelmed. (Had it left the currency alone, $1 would now be worth about 10 trillion Zimbabwean dollars.)

In fact, Zimbabwe’s hyperinflation is probably among the five worst of all time, said Jeffrey D. Sachs, a Columbia University economics professor, along with Germany in the 1920s, Greece and Hungary in the 1940s and Yugoslavia in 1993.

Making matters worse, cash itself has become scarce. Business executives and diplomats say Zimbabwe’s central bank governor, Gideon Gono, desperate for foreign currency to stoke the governing party’s patronage machine, sends runners into the streets with suitcases of the nation’s currency to buy up American dollars and South African rand on the black market — drying up Zimbabwean dollars that would otherwise go to the banks.

(read: US Gov't desperate for foreign loans to shore up Wall St. banks' bad mortgages, credit crisis, and prints more dollars to cover $Trillion shortfall.)

Because of the cash shortage, the government strictly limits the amount people can withdraw. Even so, Zimbabweans say they often wait in vain for hours at banks that send their customers away empty-handed.

Mr. Gono, who blames Western sanctions for the nation’s troubles, did not respond to requests for an interview. But he was quoted in the state media this week as saying, “I am going to print and print and sign the money until sanctions are removed.”

Political Solution Needed

Economists say that the only thing that can halt Zimbabwe’s inflationary spiral is a political solution that takes control over the country’s economy out of the hands of Robert Mugabe, the 84-year-old president who still maintains a viselike hold on power after 28 years in office.

“This is the end of the endgame,” Professor Sachs said.

(read: US Gov't moves to take over Wall Street, Banks, Insurance industry (AIG), Auto & Airline industries)

Mr. Mugabe, who lives in splendor here in a mansion hidden behind high walls, (read US Congress) returned to Harare on Monday from the United Nations General Assembly meeting in New York. He and the opposition leader, Morgan Tsvangirai, signed a power-sharing agreement, but they are still deadlocked over the division of the ministries. So far, Mr. Mugabe has refused to give up control of the crucial Finance and Home Ministries.

Basic public services, already devastated by an exodus of professionals in recent years, are breaking down on an ever larger scale as tens of thousands of teachers, nurses, garbage collectors and janitors have simply stopped reporting to their jobs because their salaries, more worthless literally by the hour, no longer cover the cost of taking the bus to work.

(read: US City & State gov'ts bankrupt; services, business jobs shut down in Los Angeles & CA, Cleveland, Pennsylvania, Florida, Seattle. Workers sent home. This is already happening!)

“It’s scary and it’s pathetic,” said Tendai Chikowore, president of the Zimbabwe Teachers Association, the largest and least radical of the teacher unions. She said a teacher’s monthly pay was not even enough to buy two bottles of cooking oil. “This is a collapse of the system, and it’s not only for teachers,” she said. “At the hospitals, there are no nurses, no drugs.”

Those who continue to show up often make a little extra on the job. Teachers sell their students candy and cookies, for example, or accept payment from parents in cornmeal or cooking oil, said Raymond Majongwe, secretary general of the Progressive Teachers Union.

Zimbabweans have a legendary ability to make do despite extraordinary hardship, and the money sent home by millions of their compatriots who have fled abroad to escape political repression and economic deprivation continues to sustain many of them. But the deteriorating conditions are creating pressures for a renewed exodus, even as people employ all their entrepreneurial creativity to stay alive.

Among those thinking of leaving is Fortunate Nyabinde, whose salary of $3,600 Zimbabwean dollars a month (or $36 trillion before the government rejiggered the currency in August) does not even pay for four days of bus fare to her job at Parirenyatwa Hospital, one of Zimbabwe’s leading public institutions.

Yet, for now, she keeps going to work, wheeling a trolley of cornmeal porridge from ward to ward, mostly because she can eke out an extra 20 cents a day by selling basic necessities to patients that the hospital usually does not have in stock: toilet paper, toothpaste, soap.

“If they come to the hospital without anything, they will have to buy from us,” Ms. Nyabinde said.

Signs of a Calamity

Clues to the calamitous state of the country can be found even in recent articles tucked into Mr. Mugabe’s mouthpiece, The Herald, the only daily newspaper he has allowed to keep publishing.

The bodies of paupers in advanced states of decay were stacking up in the mortuary at Beitbridge District Hospital because not even government authorities were seeing to their burial.

Harare Central Hospital slashed admissions by almost half because so much of its cleaning staff could no longer afford to get to work.

Most of the capital, though lovely beneath its springtime canopy of lavender jacaranda blooms, was without water because the authorities had stopped paying the bills to transport the treatment chemicals. Garbage is piling up uncollected. Sixteen people have died in an outbreak of cholera in nearby Chitungwiza, spread by contaminated water and sewage.

Vigilantes in Kwekwe killed a man suspected of stealing two chickens, eggs and a bucket of corn.

(read: recent hurricane victims along Texas, Louisiana coast lack water, sewer, necessities. Struggle for basic survival, opportunists resort to crime)

And traditional chiefs complained about corrupt politicians and army officers who sold grain needed for the hungry to the politically connected instead.

Zimbabweans standing in bank lines across the capital offer their own stratagems for survival. At the Avondale shopping center, a strip mall with a cafe serving cappuccinos and a multiplex showing “Sex and the City,” more than 200 sweaty, grumpy people lined up one recent morning to withdraw whatever they could from the bank.

Mrs. Moyo, the early riser, had her usual sought-after, low number — 26 — while Mrs. Nyabinde, the hospital worker on the overnight shift, was far back at No. 148 because she had arrived late — about 5:15 a.m.

No. 132 was Stanford Mafumera, 35, a security guard who spends most of his time at his job or in line at the bank; he is so poor that he sleeps beneath the overhang at the mall rather than pay for bus fare home to his family. His clothes hung loose on his gaunt body, and his dusty shoes were coming apart.

“Since Monday, Tuesday, Wednesday, there was no cash here,” he said. “We started getting cash only yesterday.”

Most days, he said, he eats only a bag of corn nuts to conserve his monthly pay — worth $10 a week and a half ago, but only $5 now because of inflation.

Each day, he buys a pack of cigarettes and sells them one by one, making an extra 20 to 30 cents. But he was unable to afford the cost of taking his 5-year-old daughter to the doctor recently when she got diarrhea after drinking dirty water from an unprotected well.

Mr. Mafumera blamed the government’s land reform program for Zimbabwe’s woes. It chased away the white commercial farmers who had made the country a breadbasket, he said, as well as donors from Britain and other European countries and the United States who sustained Zimbabwe’s starving millions for years.

“A lot of people got farms, but they can’t produce anything and this is what is causing the poverty and hunger,” he said. “There’s no food.”

Chaotic Land Reform

Zimbabwe’s economic unraveling has, indeed, accelerated since the chaotic, often violent invasions of thousands of white-owned farms by Mr. Mugabe’s supporters began in 2000. The big farms now produce less than a tenth the corn — the main staple food crop here — of what they did in the 1990s, the United Nations Food and Agriculture Organization reported in June.

In the years since, the country has suffered extreme food scarcity, rampant inflation, a shrinking economy and collapsing public services. In Mrs. Nyabinde’s neighborhood, every spare spot of ground sprouts the greens people eat with cornmeal porridge, evidence of the scramble for food.

And in a country that used to have an education system that was the pride of the continent, the schools that Mrs. Nyabinde’s children — Chenai, 10, and Darlington, 6 — attend are now empty of teachers. So she sends them to Stella Muponda, a teacher who quit her public school job last year, for a couple of hours of instruction a day. The money Mrs. Nyabinde pays Mrs. Muponda for the children’s lessons is now worth only about 40 cents, enough for a single bread roll.

Mrs. Muponda, a widow with twin, 14-year-old boys, said she and her sons grew thinner, weaker and more sickly last year, unable to eat enough on her meager pay. When she no longer had the strength for the five-mile walk to and from school, she quit.

Gaunt and exhausted, she kept saying, “I only wish I could get a decent job.”

(read: US Gov't intervention & takeover into private enterprise, mandating blind oversight, enabling rampant corruption, exploding Black Market trade, inflation & dropping dollar)

See? Their news isn't any different from ours...it's only a matter of time & scale.

H.R.1424; America Endangered

Dear Readers,
If you don't know as yet, the US Senate passed H.R.1424, the $851Billion Economic "Rescue" resolution last night. This e-mail was sent to our Georgia Senators who were among the 74 YEA voters. If your state's senators were also among them, you may well wish to voice your venom over their action. The House of Representatives is due to vote on this measure perhaps by this Friday. Write or call them now, before their vote.
I cannot stress strongly enough the danger our government has placed us in. Our Senate has blatantly ignored the voice of the people who oppose this (or any economic "rescue" plan committing our tax dollars) 90 to 1 in many areas across America. It is a sad day in our nation when our representatives defiantly lord their position over the very people they are sworn to serve. The filling station for their bloated, politically inflated egos must be shut down.
Our leaders are now laying our collective neck on the chopping block of our enemies; those who envy our freedom, our liberty, and despise everything America represents. If you abhor Socialism, then you must take a stand. Or else, both you, and your children will have seen the best last days of democracy.
Remember:
"All that is required for evil to prevail is for good men to do nothing." - Edmund Burke

May God have mercy upon America, and His children. Amen


This was my e-mail to our Georgia Senators:

Dear Senators Isakson and Chambliss,
You have violated your oath of office. As your constituents in Georgia, and having e-mailed you previously, we thought we had strongly conveyed our vehement opposition to any government intervention into this, or any, economic "rescue" which involves our taxpayer dollars. You may as well have donated your salary for the remainder of your term, as you will no longer be receiving our support or our vote.
While you may think your YEA vote well intended, the long term repercussions will haunt every American for generations, if now we last that long. Most sadly, it will be recorded in history that on Oct. 1, 2008, America adopted Socialism. Your affirmative vote has now set in motion a chain of events that will change the face of America forever. No longer are we the "Land of the Free, or the "Home of the Brave", but now known as the "Land of the Enslaved" and the "Home of the Bereaved".
Seventy-four U.S. Senators, including you, have now sent our nation barreling down the broad road of destruction. Neither Pearl Harbor, nor 9/11 will compare to the devastation you have brought down upon our heads. No God-fearing, Christ-loving, Bible-believing American
will ever forget this day of infamy if and when this bill becomes law. Your nightmares of regret will never cease.
Whatever short-lived credit stabilization, stock market calm, bank failure prevention, or homeowner rescue you hope this will curtail, will far be outdone by the long-term rampant inflation, dollar devaluation and unbearable, runaway taxation. The nationalization of our free market system, as well as the rest of America's business & industry, has now begun. Democracy in America is now pronounced dead.

Economic Rescue: Past performance is no guarantee of future results...

It boggles the mind of truly sensible people that our Congress and the American media cannot grasp the totality of any proposed economic rescue, bailout, or any other named plan which sends our National Debt into outer space. Add $40Billion here, $85 Billion there, and then top it with another $250Billion, $100Billion, $350Billion, piled in scoops on our already incomprehensible $9.95TRILLION indebtedness! And growing by $2.5Billion a day in interest! Sprinkle further insult upon our injury in that we presently owe 27% ($2.6T) of this insanity to foreign investors, of which China, Russia, and other less than friendly “trading partners” are the majority. Our nation cannot sustain itself upon endless credit from the likes of these, or anyone else. We are becoming a bad credit risk, and our enemies smell blood. The bill is coming due, and we will not be able to pay it…

Even our own Government Accounting Office (GAO) provides the evidence America is drowning. Are we really willing to accelerate the process? Read it for yourself: http://www.gao.gov/financial/citizensguide2008.pdf

I watch Fox News channel regularly, but it seems even they are advocating government intervention into this current economic crisis, echoing, “Congress must act!” Diehard wealthy capitalists Forbes, Langone & Grasso (NYSE) are also whistling to this new tune. It shows more & more that we have become a nation of expediency, rather than principle.

Get it through your minds right this second: WE DO NOT HAVE A CREDIT CRISIS, NOR DO WE HAVE A LIQUIDITY CRISIS. WHAT WE REALLY HAVE IS A SOLVENCY CRISIS! This economic earthquake “tremor” we're experiencing is merely a foreshadowing of America’s future as we daily sink further into the abyss of overwhelming debt. Every credible American economist & historian since our inception has known that the way our entire government structure (Federal, state & local) operates would eventually lead us to ruin. We like to think we improved upon the empirical democratic patterns of Athens & Rome. Guess what, they've been gone a long time, and we haven’t made any real improvement to ensure we'll be around either.

Less I digress, let me get back on track. Most savvy investors understand that Wall Street is Las Vegas in a different dress. Losses & gains on the table are not tangible until you cash out. But, committing taxpayer dollars, THAT WE DON”T HAVE, is a real debt & a real burden, immediately, and long into the future. Not to Washington, not to Wall Street, but on our backs from the moment we earn our first taxable dollar until our last. Our government’s long used game of tax breaks, exemptions, write-offs and the like are nothing more than temporary pacifiers for the populace and social engineering. If our government was truly benevolent & beneficent to the people it serves, and could really think beyond their gluttony, some form of Fair Tax (a sales based tax with exclusions) would have been the law of the land ages ago. All other forms of taxation; revenue, state, local, real estate, ad valor um, corporate, capitol gains, etc. would have been be deemed UNCONSTITUTIONAL! Oops, I forgot, we don't really use that document anymore...

Such a government would only operate within its means, according to its income, with a yearly balanced budget. I know, all this is much too sensible, and undeniably impossible.

Do not allow this Congress to bankrupt America prematurely. Your children, grandchildren and great-grandchildren will praise & thank you for it.

Realize that any government commitment of your futuristic tax dollars will be borrowed and/or printed, and compounded onto the National Debt, thereby leading to increased taxation, inflation, and currency devaluation.
Simple economics 101.