Steve McCann wrote a scathing and chilling article on American Thinker in which he said: Barack Obama is the most corrupt, power-mad president in this nation’s illustrious history. By his [...]
law
Jan 282012
Little things often reveal a lot. Little things also often grow into big things. It is in this light that yesterday’s trial in Georgia regarding Obama’s eligibility for the Office of President should be viewed. What, you haven’t heard about this? No surprise. Your sources must be the mainstream media.
Here is an excerpt from two writers on American Thinker who attended the trial:
Since Obama and his attorney chose not to be present a defense and dispute the evidence that was presented, this can be taken as an admission that all of the evidence admitted were indeed facts and may not be disputed at a later time on appeal! The irony of this course is that Obama is declaring that the court has no Jurisdiction in this matter and will appeal as a matter of law though these damning facts may very well stand! It also gives the impression that he considers himself above the law — Georgia’s. We have a plethora of data points on the sequestering of all of Obama’s records and bona fides which he has spent millions of dollars to keep out the public’s hands for the last four years. After this hearing we may eventually know why.
The evidence presented is troubling. But no more so than Obama’s continued belief that he is immune from the laws of the nation and the Constitution itself.
Read the entire piece here: http://www.americanthinker.com/2012/01/georgia_ballot_challenge_obama_walks_on_by.html#ixzz1kfjLyRDl
Jan 272012
Another State of the Union speech has come and gone. These speeches are predictable, useless, boring and purely political.
Supporters of the party in power rave about matters such as “vision,” “compassion,” “fairness” and “the future.” Detractors focus more on reality — the present and the distortions, contradictions and, yes, outright lies contained in the message. So it was with the recent SOTU by President Barack Obama.
In the heated political divide, partisan supporters and detractors know no bounds in terms of their defense or attacks. Party and politics, not truth is what matters. Both sides spin, distort and lie in their efforts to gain advantage. The spoils for the victor in politics has become so great as to trump integrity and other sacred values. Truth is the biggest victim. To practice truth in modern day politics is verboten. Loyalty to party and ideology trumps everything elese. Truth is a disqualifier in this racket.
With a President who feels unconstrained by law, the Constitution, economic reality or the truth, interpretations of what he said and its relationship with reality are especially useful. Little of that comes from the so-called mainstream media who Continue reading »
Jan 152012
Collapsing civilizations happen infrequently. The process, at least in the beginning, is slow and unnoticed. Even in advanced stages, most people are oblivious to what is happening. They mistake a symptom, economic hard times, with the cause, political corruption.
At some point the political leadership realizes their Ponzi scheme is nearing an end and their positions are at risk. As political fear increases, government behavior changes. Governments begin to do things that would otherwise be unacceptable, even unthinkable. These changes are rationalized as necessary for the good of society when in fact they are mainly made to protect the leadership class.
The US government has passed this point as evidenced by the heretofore unimaginable amounts of taxpayer money used to bail out banks, use of the Federal Reserve in ways never intended and an inability to accomplish even the most rudimentary tasks of government (controlling corruption, producing a budget, controlling spending, etc.).
Contracts and the law no longer seem to matter. That was apparent in the GM bankruptcy when bondholders, in a preferred position in a bankruptcy, had their rights abrogated arbitrarily so that the government could reward unions. It is further apparent in President Obama’s flaunting the Constitution by bypassing Congress. But perhaps the seminal and defining event might be the MF Global failure.
MF Global has scared many investors, casting doubt upon our developed financial system. They are worried about whether their money is safe in brokerage houses and other financial institutions like banks. The law was violated in the MF Global situation, as explained by Mac Slavo and Barrons:
As the financial house of cards collapses around us, investors who think they are holding real assets with the claim ticket being a stock certificate, bond or even precious metal warehouse receipt better wake up.
The latest revelation from the MF Global ponzi debacle proves, yet again, that if it’s not in your possession you don’t own it. Take heed.
It’s one thing for $1.2 billion to vanish into thin air through a series of complex trades, the well-publicized phenomenon at bankrupt MF Global. It’s something else for a bar of silver stashed in a vault to instantly shrink in size by more than 25%.That, in essence, is what’s happening to investors whose bars of silver and gold were held through accounts with MF Global.
The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver—and hold “warehouse receipts” to prove it—they’ll have to forfeit 28% of the value.
That has investors fuming. “Warehouse receipts, like gold bars, are our property, 100%,” contends John Roe, a partner in BTR Trading, a Chicago futures-trading firm. He personally lost several hundred thousand dollars in investments via MF Global; his clients lost even more. “We are a unique class, and instead, the trustee is doing a radical redistribution of property,” he says.
Roe and others point out that, unlike other MF Global customers, who held paper assets, those with warehouse receipts have claims on assets that still exist and can be readily identified.
Source: Barron’s via Yahoo
The entire paper system – from stocks to bonds – is coming unhinged. There are trillions of dollars in debt across the world, and all of it is nothing but a number on someone’s balance sheet. In essence, the majority of it exists only in the virtual world. While you may think you have claim to a physical asset in exchange for that certificate, receipt or note, what you really have is a promise from an entity that may very well be insolvent and unable to make good.
Financial institutions and brokerage houses like MF Global are just the tip of the iceberg. The accounting practices of our government are far worse, and the consequences of collapse significantly more dangerous. When MF Global collapsed, customers lost access to their precious metals and other investments. When our monetary system, predicated on the same ponzi scheme as insolvent financial companies, crashes, holder of US dollars, much like those MF Global warehouse receipts, will be wiped out in terms of purchasing power, and it will likely be a devaluation much more than just 25%.
But when that happens the holders of those notes won’t be trying to cash them in for precious metals. Rather, they will find that their paper Federal Reserve Notes will buy far less food and gas, if any at all.
We are witnessing a complete and total assault on the Constitution and the Rule of Law by corrupt politicians. The system is on the verge of collapse and they are desperate. The political elite and their cronies will do anything — ANYTHING! — to protect themselves and what they deem as their rightful spoils.
Perhaps “mattress investing” is the safest of all.
Jan 082012
Many are in denial that our country is in decline. Not slow decline either, but a relentless slide that produces Escape From New York conditions. A trailer can be watched here. For those who are unaware of this movie, Wikipedia describes it as follows:
[It] is a 1981 American science fictionaction film directed and scored by John Carpenter. He co-wrote the screenplay with Nick Castle. The film is set in the near future in a crime-riddenUnited States that has converted Manhattan Island in New York City into a maximum security prison. Ex-soldier Snake Plissken (Kurt Russell) is given 24 hours to find the President of the United States, who has been captured after the crash of Air Force One.
Carpenter wrote the film in the mid-1970s as a reaction to the Watergate scandal, but proved incapable of articulating how the film related to the scandal. After the success of Halloween, he had enough influence to get the film made and shot most of it in St. Louis, Missouri.[3]
The film’s total budget was estimated to be US$6 million.[1] It was a commercial hit, grossing over $50 million worldwide.[2] It has since become a cult film.
In a dystopian 1997, crime in the United States has increased 400%, so in 1988 Manhattan was turned into a giant maximum security prison. Surrounded by a 50 foot-tall containment wall and mines on all bridges and patrolled waterways, nobody is allowed in the prison, not even guards.
Other than being a prison, New York is reminiscent of today’s Detroit or other cities moving toward a similar end. According to The American Dream, similar conditions can be found in areas within what most of us consider prosperous cities:
Even in some of our most “prosperous cities” there are areas that closely resemble third world conditions. For example, in San Francisco there is an area known as “Hunter’s Point” that is a complete and utter nightmare. In Hunter’s Point, more than half of the population lives in poverty and more than half of all children live in a home where there is no father present. The following is whatone reporter found on a visit to Hunter’s Point….
Abernathy and I cut through the complex, tromping over an expanse of dirt and concrete toward the northeast end of the development, where a row of apartments looked down from a grassy hill. We paused next to a vacant, boarded-over unit to take in the scene: A stream of ****, piss, tampons, and toilet paper spewed from a dark hole in the sidewalk, poured down the hill, and formed a sort of **** lagoon next to the street. Weeds, about six inches tall, were growing in the little lagoon.
Raw ****, obviously, is not cool. Beyond the fact that it smells and looks nasty, fecal matter provides a haven for dangerous bacteria, most notably E. coli, a virulent pathogen that can sicken and even kill humans, especially infants. In the so-called developing world, according to the World Health Organization, water tainted by feces is a major killer, a prime cause of severe diarrhea, which takes the lives of an estimated 1.8 million people annually.
The American Dream mentions several cities in their worthwhile but depressing article including Los Angeles, San Francisco, Fresno, Camden, Cleveland, Highland Park, MI and, of course, Detroit where the following statistics were cited:
*An analysis of census figures found that 48.5% of all men living in Detroit from age 20 to age 64 did not have a job in 2008.
*If you can believe it, the median price of a home in Detroit is now just $6000.
*Only 25 percent of all students in Detroit graduate from high school at this point.
The economic conditions in this country are not going to get better despite all the government propaganda suggesting a recovery. This recovery has been touted for three years now and failed to materialize. It will not develop before the economy, the Federal Government and many local governments collapse. The size of government is unsustainable and debt levels incurred are too high to ever pay off.
In the meantime, more and more cities will continue to suffer with many areas literally becoming unlivable and uncivilized. To understand, take a close look at Detroit or read The American Dream article which concludes:
Our economy is dying and formerly great cities all over America are being turned into open, festering sores. This country is in so much trouble that it is hard to find words that can adequately describe it.
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Corruption Everywhere
Our Only Asset is Freedom
Put Your IRA into Social Security
The Ant and The Grasshopper -- An Allegory For The Country
Jimmy Stewart Wouldn't Run These Banks
Liberty and Freedom
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