Tag Archives: George Soros

The Left Loves Newt Gingrich

Remember when we used to say “don’t let the media choose our candidate”? Well, they are, and they’ve convinced large numbers of Republican primary voters to do their bidding.

From this an interview with George Soros, courtesy of Breitbart.TV:

… if you have an extremist conservative, be it Gingrich or Santorum, in which case I think it will make a big difference, which of the two comes in. If it’s between Obama and Romney, there isn’t all that much difference, except for the crowd they bring with them …

Why would Soros point out something which many conservatives instinctively believe? For the reaction! He wants conservatives to jump out of their seats and shout “See, I told you so! Newt’s a real conservative and Romney’s just another Obama! Even George Soros says so!”, which some of you undoubtedly did just now.

George Soros is a skillful manipulator. He knows how some Republican voters will react to his statement: Greater approval for Newt Gingrich (or Rick Santorum).

Then there’s this tired repeat of an old accusation by Nancy Pelosi:

There’s something I know (about Gingrich)… the Republicans, if they choose to nominate him, that’s their prerogative…

Pelosi, like Soros, knows how she is perceived by the right: As an instigator. Why would she drop this “tidbit” (which is probably a bluff) again? Because she knows what the Republican reaction will be: An immediate defense of Newt from loathsome Nancy Pelosi. The last time she did it, Newt’s response to her allegation was a memorable throwing down of his gauntlet. Giving Gingrich an opportunity to make such a spectacular riposte was not a misstep on Nancy’s part- her statement was calculated to give him such an opportunity!

Speaking of opportunities given to Gingrich to render a memorably grandiose defense: The CNN debate, where John King opened with his tawdry question about the Marianne Gingrich interview. Does the reader honestly believe that liberal news outlets don’t think ahead before taking an action? This question was planned in advance, to capitalize on Gingrich’s speaking ability and give him an “easy win” to attract support from the audience.

You see, liberals have gained dominance through manipulation. The leaders of the leftist movement- the head honchos of liberal media outlets, the well-known bombthrowers like Pelosi, the cloak-and-dagger operatives like Soros- have succeeded because they manipulate voters. This includes manipulating Republican voters.

So why would these figures want to engender greater support for Newt Gingrich? Simple: Because he can’t win in November! These people want Republican voters to choose a candidate who can be beaten by Obama. They know Gingrich will eventually embarass the party as he did before, and make their future victories easier.

And for those who salivate over the prospect of an epic Obama/Gingrich debate: There will be no Lincoln-Douglas-style debate between the two men. There will be no long series of twice-per-week prime time debates. Obama will avoid debating Gingrich, and Gingrich will be deprived of his one-trick campaign pony.

Every one of us involved in this process has implored others, at one point or another, to “not let the liberals choose our candidate”. That is exactly what the liberal establishment is doing now.

And they are succeeding.

U.S. Banks Being Taken Over Using Chavez-Style Manipulation Part-2

In part 1, we detailed just how Hugo Chavez has effected the complete government takeover of the Venezuelan private sector including banks, farms, food stores, etc. His method of operation is not unlike Barack Obama’s recent onslaught upon the U.S.  private sector, specifically the banks. With the passing of the Dodd-Frank financial reform bill in 2010,  we see that the U.S.  government is closing banks through the FDIC and the Federal Reserve enhanced powers via the Dodd Frank bill, and then giving these banks to leftist crony-capitalists such as George Soros.

Part 2 – FDIC, Obama and Bernanke-Approved Bank Fraud lines pockets of Dell, Paulson and Billionaire Leftist money-manipulator, George Soros. while depleting FDIC funding,thus leaving U.S taxpayers to foot the bill.

(Keep in mind that the FDIC closed 157 banks in 2010 and the current total for 2011 now stands at 90.) 

Indy Mac Bank of California closed down by Feds, then reopens as One West Bank in March 2009.  Keep in mind here that this is JUST ONE Bank here, with 844 banks now listed by the FDIC as being “problematic” in their latest 2011 report. That report should be more aptly be referred to as “The Feds hit list of banks slated for hostile takeover to be given to Obama/Leftist Democrats and crony-capitalists.” First let’s review just what transpired in the Indy Mac Bank takeover and restructuring, that was made perfectly legal by the Dodd-Frank bill.

Mike Shedlock gives us a complete rundown here on just how the U.S. Government has set up the bank takeovers that allow big time leftists such as George Soros to make billions of dollars of profits while leaving the taxpayer holding the bag for billions of dollars in losses through the FDIC. This is a massive transfer of wealth that will also lead to the complete takeover of every bank in the country, if it isn’t stopped. 

Meet IndyMac’s New Owners

Flashback March 20, 2009: IndyMac Bank’s new name: OneWest Bank

The sale of IndyMac Federal Bank was concluded Thursday, and the new owners wasted no time in ditching its tainted name. Starting today, IndyMac is OneWest Bank.

The Pasadena bank’s new owners, organized under OneWest Bank Group, bought the bank’s $20.7 billion in loans and other assets for $16 billion. That includes $9 billion in financing from the Federal Deposit Insurance Corp. and the Federal Home Loan Bank.

The ownership group is led by Steven Mnuchin of Dune Capital Management in New York. The bank’s investors include J. Christopher Flowers,who has specialized in distressed bank purchases, and hedge fund operators George Soros and John Paulson.

 

On February 20, 2010, the Los Angeles Times reported OneWest bank profit: $1.6 billion:

The billionaires’ club of private financiers who took over the remains of IndyMac Bank from the Federal Deposit Insurance Corp. turned a profit of $1.57 billion last year on the failed mortgage lender — more than they invested less than a year ago.

Yet under the sale agreement, the federal deposit insurance fund still could lose nearly $11 billion on bad loans that the Pasadena institution made before it was sold last March and renamed OneWest Bank.

In taking over IndyMac’s assets, the investor group, led by Steven Mnuchin of Dune Capital Management, put up $1.55 billion to revitalize the bank. Other investors included hedge-fund operators George Soros and John Paulson, bank buyout expert J. Christopher Flowers and computer mogul Michael S. Dell.

OneWest’s financial results were filed with regulators Friday. Regulators and the investors declined to comment on the profit. ( Never mind asking these Obama crony-capitalists as to why they should make $1.5 billion in profits, while the FDIC [as in the taxpayers] takes $11 billion in losses)

And now we see this headline from Reuters:  FDIC may borrow money from treasury.  ” The borrowing could be needed to cover short-term cash-flow pressures caused by reimbursing depositors immediately after the failure of a bank, the paper said”  With $12 billion dollars in losses with the closing of Indy Mac ( now One West Bank) is it any wonder the FDIC fund is broke?  How are  Soros,  Paulson and Dell allowed to make a billion and a half dollars from the takeover of Indy Mac Bank in 2010 alone, while ignoring the losses? This is a massive transfer of wealth being manipulated by the Obama-Bernanke-Geitner-Soros consortium, where banks end up being owned by assorted leftists and crony-capitalists of the Obama regime,  eerily similar to what Mr. Hugo Chavez is doing in forming his Communist collective in Venezuela. This widespread power grab in taking over banks and putting them in the hands of  the likes of billionaire currency manipulators and finance fraudsters like George Soros has very deep ramifications for the public. As of right now, people who have money in FDIC insured banks have no guarantee that the money is actually in that bank, as witnessed in the Reuters article above: ” With a rise in the number of troubled banks, the FDIC’s Deposit Insurance Fund used to repay insured deposits at failed banks has been drained.”

Need a home or business loan in the near future?  It is going to be pricey, to the point of being unattainable for many Americans struggling during this Obama-recession. What if government-connected leftists like Soros have the final say in just who gets a bank loan?  The Indy Mac bank debacle described above  is just one example of the massive transfer of wealth and influence over our banking sector being perpetuated through the Dodd-Frank bill today. There are currently 844 banks on the problematic bank list at the FDIC.  The FDIC fund is broke. Meanwhile Soros and company are making billions off of failed banks such as Indy Mac. And right now Congress is trying to stall Barack Obama’s newest czar appointee, Mr. Richard Corday.  His position? Chief enforcer of the Dodd-Frank financial bureaucracy!     2012 just can’t get here fast enough!

Part 1 here.

 

 

 

 

Big Money Politics, Unions, and the Billionaires Club

The GOP presidential candidates are doggedly pursuing the chance to take on incumbent Democrat Barack Hussein Obama. Some candidates are running grassroots campaigns that rely on small campaign donations from millions of everyday working folks while others are supported by the billionaire’s club.

With the creation of all-powerful super-PACS, ( political action committees)  direct campaign donations are limited to $5000.00 for each individual, but the billionaires club can donate unlimited funds to super-PACS. The term “buying elections” comes to mind.

Democrats recently brought about a huge court battle to try to put limits on campaign contributions which has been skewed in today’s media as meaning Republicans are somehow all of a sudden allowed to buy elections with dubious support from the billionaires clubs around the world.

In the 2004 elections, billionaire currency manipulator,  George Soros did indeed try to buy the U.S. Presidency for one Democrat John Kerry by pumping a whopping $24 million dollars into his 2004 presidential campaign.

Soros has since made massive donations to leftist propaganda websites such as Media Matters, Huffington Post, Center for American Progress etc.  as he was certainly a very angry man when Kerry lost to G.W. Bush in 04.

Unions have also been attempting to buy elections with members hard-earned dues. Millions of dollars in big-labor donations went to Democrats in the 2010 med-term elections . In a New York Times article, big-labor unions, not big business are illustrated to be the “biggest spender of all” when it comes to elections:

Just when we’d been told the Chamber of Commerce had bought the election, along comes the American Federation of State, Country and Municipal Employees to pour nearly $90 million into the campaign.

According to The Wall Street Journal, this makes the public-sector union the biggest spender of all the outside groups. The National Education Association and the Service Employees International Union rank among the top five. Collectively, these three unions representing millions of public workers — only the SEIU is majority private — are devoting an estimated $170 million to an election Democrats insist that they are losing because of the nefarious influence of outside money.  (emphasis mine)

Photo: urbanchristian.com

The 2012 Presidential campaign funding discussion has been dominated by Barack Obama’s handlers bragging that their fundraising goals will approach a record one billion dollars for Barack to buy another four more years of hope and change Socialist transformation of America. Considering the record amount of largely taxpayer-funded campaign fundraisers Obama has been touring on recently, that amount certainly seems within reach. But just who is leading in campaign donations from the uber-rich billionaires club (election buyers inc.) so far?

As 2011 comes to a close, that distinction belongs to the former Governor of Massachusetts and GOP establishment favorite, Mr. Mitt Romney.

Romney’s richest donor so far is hedge-fund titan John Paulson, who is worth an estimated $16 billion, according to Forbes. Paulson has given $1 million to the Restore Our Future super PAC, which former Romney aides set up to support his candidacy. Mr Paulson was also involved in the taxpayer rip-off now known as the One West bank swindle, as documented here.

Romney has drawn the most support from billionaires, with at least 42 donating to his campaign. Obama is not far behind, with at least 30 billionaire supporters. Rick Perry and Jon Huntsman Jr. follow with 20 and 12, respectively, according to donor rolls and the current Forbes magazine list of 412 American billionaires.

The omission of Newt Gingrich from receiving major support from the billionaires club as listed above, also speaks volumes to those who say they refuse to support him because he is too much of a GOP establishment hack of some kind. These truths in campaign donation numbers currently show us that Newt Gingrich is not being supported by the establishment GOP and their crony-capitalists band of billionaires club members. This is probably an underlying reason as to why Newt Gingrich is now pulling in lots of support from various grassroots tea party voters that previously supported another GOP establishment outsider, the never-held-public-office-before, Mr. Herman Cain.

The 2012 elections will be a national dogfight of epic proportions, with the massive anti-establishment, anti-Obama sentiment being driven  largely by grassroots Tea party movements of informed citizens across America. The debt-spending must stop. The days of the richest ( see Obama, Romney) candidates running roughshod over We The People are fast coming to a close, much to the dismay of the billionaires club manipulators and big labor Unions bankrupting state governments through support your local fake Democrat campaigns.

2012 just can’t get here fast enough!

EU Plutocracy on Verge of Collapse

Top Judge Puts the Brakes on Merkel’s EU Bailout Scheme/EFSF Expansion

The EU plutocracy started coming apart at the seems back in September of this year, as Germany’s top Judge, Andreas Vosskuhle, head of the constitutional court, said politicians do not have the legal authority to sign away the birthright of the German people without their explicit consent. It is quite refreshing to finally see a top judge demand that politicians decease in creating unconstitutional laws without the express approval of the citizenry. The Judge went on to further explain that if Merkel and company in the EU plutocracy want to continue to grant powers over the German people to the EU, they must do so by calling a referendum and change the constitution. This certainly derails the mini New World European Order plans of taking from the citizenry to continue to support the EU plutocracy.

The main problem seems to be the fact that Merkel and company want to constantly transfer funds and manipulate bailouts in secrecy, as Carsten Schneider the finance spokesman for the Social Democrats of Germany demanded that Chancellor Angela Merkel and finance minister Wolfgang Schäuble clarify their “true intentions ” before the (bailout) vote on Thursday. [We have no wonder how Schneider would feel about Nancy Pelosi’s statement of “We have to pass the bill to see what’s in it,” which she made when she was the third highest politician in America, the Speaker of the House of Representatives.]  As we can see from this article from Reuters, the EU debt crisis pain will undoubtedly be felt in America, as well as around the globe. The EU debt crisis has already claimed  the heads of the Greek and Italian governments with more to come in the following weeks, as the truth about the implications of just what the EU plutocracy has done in the past few years comes to light.

 

 

It would also appear as if the Germans are well aware of Barack Obama’s part in all of this, as we see this little snippet, also from Carsten Schneider, of the German Social Democrats: “A new multi-trillion programme is being cooked up in Washington and Brussels, while the wool is being pulled over the eyes of Bundestag and German public. This is unacceptable,” he said. The New World Order that billionaire manipulator, George Soros so fondly speaks about could very well be on it’s way to being blown into oblivion if the EU collapses as many are predicting today. As Mike Shedlock so aptly put it,”the German court has already killed eurobonds. Now, if the top judge’s call stands, leveraged EFSF just bit the dust as well. Clearly the German court has had enough of Chancellor Angela Merkel, her cronies, and all the politicians who want to rob German taxpayers for their own agenda.” It then comes as no mere coincidence that when the EU bailouts started they always coincided with the unscheduled meetings between Merkel and Obama.

Germany and America both have explicit constitutional mandates limiting the power of those elected into government for the sole purpose of protecting the citizenry from being ruled by a tyrannical plutocracy. Barack Obama and Angela Merkel have trampled both of their country’s constitutions at very dangerous levels, while taking advantage of the ever-increasing world financial crisis where we see the widening gap between the middle class citizens and the elitists running the plutocracy become a source of massive civil unrest. Germany’s top Judge took a stand against Merkel and the EU’s unconstitutional usurpation of power from the people’s Democracy of Germany. Does America have such a courageous judge, one that will stand up for our constitutional laws and protect the citizenry from the tyrannical rule of the Liberal Plutocracy Barack Obama and company have been building for three straight years now? If so, what will it take for you to make a stand, civil unrest, chaos and blood in the streets? By then it will simply be too late. The plutocracy will simply declare marshal law, and the citizenry will be left with the choice between fighting for their freedom from a dictatorship or flight from their beloved America.
2012 can’t get here fast enough!

Kill The TEA Party Zombies? Barack, Nancy Your People Are Calling

I find it interesting, although disgusting, that the “civil discourse” so championed by Barack Obama, Nancy Pelosi and their Marxist pals does not apply to the horrific video game, “Tea Party Zombies Must Die”,  and other violent references towards killing anyone Conservative.

Pelosi, Obama, and the rest of the Marxists in this nation condemned Sarah Palin and Rush Limbaugh over the shooting of the 9 people at the Gabrielle Giffords appearance in Arizona even though they had absolutely no connection to the violence that day.

Why is it that any violent act is blamed on Conservatives who have nothing to do with the act, while those actually committing the violence are egged on and praised by our esteemed leaders in the Democrat Party and the lame stream media as patriots expressing their political free speech rights?  The picture on the left is the “Glenn Beck “zombie from the Blaze web news article.

This new video, produced by RepublicanZombieDefense.com, is apparently intended to be comedic, although it is quite graphic. A description of the project (via a press release) reads:

“a humor-tinged Democrat activist website today released a controversial Halloween video portraying marriage equality opposition as brain-dead zombies. The comically bloody and graphic video is set on the White House lawn and features Obama 2012 activists beheading, exploding, and maiming politically conservative zombies with machine guns, grenades, garden shears, and chainsaws.”

“Comically bloody and graphic”!!!  Well isn’t that just as quaint as it can be?  Finally a comedy you can really laugh at, a game you can let your pre-teens play.  These are the Obama supporters, you know, the ones Obama calls mainstream Americans, patriotic, etc.

Conservatives are blamed for the very violence that is openly and loudly called for by Democrats and their leftist media mouthpieces.  Where are the denunciations of this overtly violent video game calling for the murder of innocent people due to their political ideology?  Once again the hypocrisy of the left is glaring it its scope.  How can anyone accept this kind of attitude while denouncing those who espouse peaceful dissent?

Do you remember Barack Obama calling for his supporters to “get in the faces “of their Conservative friends?  Remember Obama telling his supporters to “take a gun to a knife fight” to get their way?  The funny thing about that last statement is that the very people Obama was addressing are the ones who believe owning a gun should be against the law.  Well, I guess it should be against the law for law abiding conservatives to own guns but permissible for the violent-prone to own a gun.

I find this consistent with the “Occupy Wall Street” gangs being praised by Obama, Pelosi, and the rest of the liberals, while denouncing the peaceful TEA Party rallies as violent, hateful mobs full of Nazis, homophobes, etc.  I also find it interesting that the hateful and violent TEA Party “mobs” left no damage, no arrest records, no threats towards Jews, and no litter at the end of their rallies….   I could go on.

Is this bunch of political hacks really so ignorant and blind that they think We the People cannot see the duplicity in their statements?  When 67% of the American people stand against this kind of attitude how can they possibly continue to spout such tripe unless they are just too stupid to see the handwriting on the wall?  Oh, that’s right, they never read anything, they just spout.

Patriots, we are in a war, not against Muslim terrorists in Afghanistan, Iraq, Libya, or anywhere else.  We are in a war against liberalism right here in America.  We are fighting the Democrat Party, the Marxist media financed by George Soros, illegal aliens who feel “entitled” to having their way, and the hordes of Muslim extremists being moved here by the government, using our tax money against us.  Unfortunately we are also fighting the mainstream of the Republican Party.  WE are fighting for the very soul of America.

The very people who think Tom & Jerry cartoons are too violent support this kind of murderous propaganda.  Where are the people who say corporal punishment is violent and unnecessary?  Where are the Democrats and media who demand “civility”?  They are too busy calling me and those like me racists, homophobes, Nazi’s, etc. to notice where the real problem lays.

I submit this in the name of the Most Holy Trinity, in faith, with the responsibility given to me by Almighty God to honor His work and not let it die from neglect.

 

Bob Russell
Claremore, Oklahoma
November 5, 2011

MMFA: Charitable Chumps

This morning I spent a little quality time over at the Media Matters for America, otherwise known as “All Fox News, All the Time”.  You may also know it as the “Glenn Beck, Glenn Beck, Glenn Beck” site.  I don’t head over there too often.  If I want to know what Fox News is doing I’ll turn on the TV. myself.  If I want to see a Glenn Beck “evil-face” montage of pictures, I’ll Google it.  But every now and again I like to see what type of hate the Senior Fellows are using their 501(c)(3) status to spew.

Whenever I do stop through, I never fail to click on their “About” page and read their mission statement – because I love to laugh.  It is good medicine for the soul, after all.  At least that’s what people with souls say.  The folks over at Media Matters don’t seem to laugh much, so you do the math.  This is my favorite part:

 Launched in May 2004, Media Matters for America put in place, for the first time, the means to systematically monitor a cross section of print, broadcast, cable, radio, and Internet media outlets for conservative misinformation — news or commentary that is not accurate, reliable, or credible and that forwards the conservative agenda — every day, in real time.

 Isn’t that hilarious?  The best part is how they claim to “monitor a cross section” of conservative media outlets.  But click on their home page and look at the “cross section” of offerings they have produced.  As I write this the top three stories are “Fox News Ran With Completely Baseless Accusation that Immigrants Set AZ Fire”, Jay Varney on Fox News, and “Glenn Beck Embraces a Kahanist”.  That’s quite a diverse offering.

Question: How many Senior Fellows does it take to provide a cross section of conservative media outlets? Answer: Fox News.

There are so many things that are so horribly wrong about MMFA, starting with the fact that they are underwritten by George “Darth Vader” Soros, and including the fact that they are a 501(c)(3) and thus enjoy a very cushy tax-exempt status.  Yes, this “charity” gets a tax break from the government to discredit private sector businesses.  On top of that, Soros gets to enjoy a “charitable” tax deduction every time he gives Eric Boehlert money for lunch and massages.  It really is a testament to the tenacity ($) and resourcefulness ($) of Darth Soros that he was ever able to secure a tax-exempt status for MMFA in the first place.  I don’t begrudge his desire to squash the fledgling right wing media, but I do resent that the government helps him to do it.  Over at Big Government, Meredith Dake has made it her personal mission to expose MMFA’s lies and distortions and strip them of their 501(c)(3) status.  She has carefully (and brilliantly, I might add) laid out a plan of attack to accomplish this.  Dake provides the IRS’s own guidelines for what merits an investigation of a charitable organization.  Even just a quick perusal reveals that MMFA is clearly in violation in at least two instances – “Organization is involved in a political campaign” and “Organization is involved in excessive lobbying activities”.  I don’t need to view a cross section of MMFA’s site to know that they have really screwed the pooch on just those two things.  Dake goes on to explain the process for citizens filing complaints against Team Soros with the IRS and even provides the links to the necessary forms.  Some may feel this is excessive, but her point is well made: Media Matters for Soros has already declared war on Fox News and conservative outlets in general; in a day and age where government waste is about sink the entire country and liberals are calling for more taxes to cover their incompetence, it only makes sense that an organization that is so clearly NOT charitable be required to contribute financially to the coffers of America.

The right to free speech is the most valuable right provided to Americans under the Constitution, perhaps only trumped by the right to own property.  No conservative would ever deny the right of an organization or group of people to express opinions.  The fact that MMFA exists and is funded by Overlord Soros is not at issue here.  The fact that MMFA is narrow-minded to the point of being extremely dull is not at issue here.  The fact that that MMFA posts blatant lies and misinformation is not at issue here.  These are all things that are protected under our Constitution, and should remain that way.  MMFA has every right to exist, and should be free to suck for as long as they want.  What they shouldn’t be free to do is enjoy a charitable tax-exempt status.  It is clearly inappropriate, and at the very least it is journalistic malpractice.  I don’t really feel comfortable referring to MMFA and journalism in the same sentence, but I’m at a loss for a word to accurately describe what exactly it is they do.  Harassment? Whining? Storytelling? Regardless, the sinister connections between MMFA, George Soros and our federal government mean that conservatives will need to keep a watchful eye on this organization.  As the 2012 election season heats up, this propaganda machine will be in full swing, and they’ll be getting lucrative tax breaks to do so.

Glenn Beck: America is Being Played !

Glenn Beck has predicted the Middle East crisis almost to a tee recently, and while everyone was calling him crazy for it months ago, no one seems to admit how correct he was today. Beck predicted that Egypt, Libya. Tunisia etc. would all be on fire due to civil unrest and what do we see today ? Beck predicted food prices would skyrocket, and today the eight of the major food groups are up a combined 73% over a year ago. Beck warned us about the Muslim brotherhood getting into the government of Egypt and that happens to be true today. Beck warned us that Israel was under attack from all sides, and recently Obama called for the resetting of their territory to a defenseless reinstating of the 1967 borders. In September the U.N. is slated to vote on making Palestine a recognized State, and we can rest assured that it will come with the demand to redraw Israel’s borders. Beck was proven correct in many ways in his predictions about the middle east and our economy recently, and the leftist media puppets that called him crazy are eating massive helpings of crow today, and of course they are refusing to admit it.

Recently, Glenn Beck explained his theory on the major realignment of world powers recently, and just who will rule in the near future. The four main “players” are:

1 -George Soros and his media and financial empire.

2 – Russia – They are expanding their influence with Iran, Turkey, Venezuela and even their longtime arch-enemy, China. Military rebuilding, Nuclear sales . Building oil and gas pipelines to Europe. What happened to Europe’s green energy plans? The fact is, they need oil and gas, and Russia will sell it to them.

3 – China – Over a billion people to feed, and they are buying up major amounts of gold and rare minerals in possible anticipation of the crashing of the U.S. dollar.  Technology advancements.

4 – Islam- OIL

Will Glenn Beck be proven correct again here? Watch in the following FoxNews video how George Soros states that, “China has to be brought into the New World Order.” Video courtesy of FoxNews.com

[js]<script src=”http://video.foxnews.com/v/embed.js?id=958033286001&amp;w=466&amp;h=263″ type=”text/javascript”></script><noscript>Watch the latest video at <a href=”http://video.foxnews.com”>video.foxnews.com</a></noscript>[/js]

Wisconsin Protests Go Nationwide: The Radical Agenda

Today we are being told that the Union protests will spread across the nation. I believe this could be the start of what Glenn Beck has exposed as self-professed Communist activist Van Jones’  top down, bottom up, inside out theory of radically transforming America. Remember that these people follow the mantra of , “Never let a good crisis go to waste.”   Mr. Jones was injected into our government as the “Green Jobs Czar” by one Barack Hussein Obama as an appointee with the approval of longtime Chicago confidant Valerie Jarrett, who is now in our very own Whitehouse as a senior advisor  to Barack Obama also. Her prior qualifications to be directly involved in our government today? She is a known Chicago slumlord who was once the Chief of Staff for the King of Chicago corruption, Ex-Mayor Richard Daley. His youngest son, Bill Daley is also Obama’s new Chief of staff in our Whitehouse. Mr Jones can be seen in the photo to the left promoting riots in trying to free a convicted cop killer. This man  certainly gives a  new meaning to the term,”community Organizer.” Mr. Jones is calling for nationwide protests against All state governments starting today, in conjunction with Obama’s heavily State government embedded, UNIONS. This is seizing upon the manufactured crisis in Wisconsin and their mantra of not letting a good crisis go to waste.

Lisa Gras, a very dedicated and informative writer, has put together an excellent article on billionaire economic terrorist George Soros  that should be read  by all Americans who are not familiar with the puppet-master, government overthrowing economic terrorist Mr. George Soros.  http://lisagraas.com/2011/02/05/five-revolutions-backed-by-george-soros/ Soros backed the Liberal Democrats back in the 2008 election, pouring millions into the campaigns of  BOTH  Hillary Clinton and Barack Obama. One way or the other, Mr. Soros was guaranteeing that he would have a place at the Whitehouse dinner table and he succeeded. Without Whitehouse support, this word re-known economic terrorist would certainly find himself rotting in an American prison today. Soros was found guilty of insider trading after a 14 year investigation in France* and was fined 2.3 million dollars. This is a man who is also famous for breaking the Bank of England , and was  caught by the SEC here in America  in a stock trading scandal back in 1979, and agreed that he wouldn’t do it anymore. No criminal charges were filed there. The laws about insider trading differ greatly from one country to another. Unlike American law, French law does not provide for civil enforcement actions in insider trading cases; they may be pursued here only as criminal matters. Mr Soros is also known as a man without a country today, yet he is now spending most of his time here in the United States.

In the above referenced article by Lisa Gras, that well-researched and very informative article shows us how George Soros has been undermining governments across the globe since 1984, leading right to the doorstep of the recent Middle East upheaval. What does this have to do with  the current Wisconsin protests, Van Jones, Richard Trumka and Barack Hussein Obama and now the Communist Party USA ?  Apparently more than most people currently know in this country today. Every one of the countries that George Soros was involved in written in Lisa’s article have one thing in common:  The overthrowing of governments through George Soros financed quasi-covert political operations. This also always involves the corruption of the Media, as Soros has poured millions of dollars into newspapers, Tv stations, media networks, etc. He recently gave huge amountss of s=csahs to leftist groups, such as MoveOn.org and The Huffington Post. Here you can see how they have signed up today to promote the protests across America. http://pol.moveon.org/event/events/index.html?action_id=238 This is a bid to protect the progressive movement’s power base for the 2012 elections, folks, nothing more. These puppets could care less about the American people and their quality of life.  Soros also seems to monitor political situations worldwide , and then has shown the uncanny ability to sow the seeds of discontent among the people of those countries at just the right time, resulting in “the fundamental transformation” of those countries and new governments being formed. With our States rights blocking the Federal Government’s intrusions into their own governments, the George Soros funded Liberal agenda can not advance their plans and they know this. Thus they are desperately trying to turn the Wisconsin budget crisis into a national issue. For those of you blindly worshipping Mr. Barack Hussein Obama still today, I shall include a very relative direct quote from Mr. Obama right here and right now:

“We are five days away from fundamentally transforming the United States of America

While that now famous statement, uttered at the beginning of candidate Obama’s speech at The University of Missouri, on Feb. 19th, 2008, seemed relatively harmless at the time, when we look at the Soros pattern of undermining governments across the globe, coupled with what we see happening in America today, that statement should be very disconcerting to even the most naive of Americans today.  For the Liberal deniers of reality that want to say Obama didn’t say that,  here is the video link, provided  just to prove it.  http://www.youtube.com/watch?v=7ffwY74XbS4 The problem that I have with the Obama/Soros transformation of America motto, is that it is as Anti-American at it’s roots as another group, cpusa.org , that is being rallied to join the protest today by the Communist Van Jones. Right on their homepage they announce their participation in today’s protests.  His rallying cry across the leftist stratosphere here in America to join with their Union brothers today in the protests contained another covert codeword for ratcheting up these protests across America: Solidarity. These radical Anti-Americans are now trying to turn this country into another mish mash of Communists/Socialist power brokers just like in the dysfunctional Afrika we see today. The divide and conquer theory is being heavily applied here and it is being ratcheted up today across America in the attempted dismantling of State Sovereignty. Thus the importance of Governor Scott Walker and others, in standing their ground against the Unions, Liberals, Socialists and Communists marching to the beat of George Soros, Barack Obama, Van Jones, Richard Trumka and their very clear Anti-American agenda.

I pray there will be no violence in these radical, State government protests today that clearly represent a clear and present danger to America and her people. These paid George Soros puppets, Unions thugs, Liberal Socialists and Communists will be out in force today with the direct support of todays Democratic Party. Remember this in 2012.  Since Barack Obama has not denounced this form of domestic terrorism upon the working taxpayers of America, we must only conclude one thing:  He supports it 100%. This is how he plans on “Winning the Future” here in America, starting today.

 

* http://www.nytimes.com/2002/12/21/business/soros-is-found-guilty-in-france-on-charges-of-insider-trading.html?pagewanted=1

 

As Dark Forces Influence Our Leadership, Perhaps Light is the Answer

A praying soldierWe find ourselves in the greatest battle of our lifetime. The Battle for the preservation of our nation and her liberties.

In an American Thinker article, Ed Lasky points out how George Soros advises Obama to use forceful measures to override the will of the people.

The Center now is providing a blueprint of ways Barack Obama can do an end run around the people’s will by resorting to methods that will strike many of us as being improper-to say the least. Relying on executive orders, interpretation of regulations, rule -making and the like they are collectively a recipe for even more power being assumed by President Obama..

If you read this article posted above, you will understand why I will forever say, that the fight for the preservation of the integrity and freedoms of this nation must be waged on our knees.

Were you aware that there are systems set in place that the President can abuse to force his “Vision for America” to come into being? He doesn’t need Congress.

“The Center for American Progress today is releasing a report, “Power of the President,” proposing thirty executive actions that the President can take to advance progressive change in the areas of energy, the economy, health care, education, foreign policy, and national security.

“The following authorities can be used to ensure progress on key issues facing the country today: Executive orders, Rulemaking, Agency management, Convening and creating public-private partnerships , Commanding the armed forces, Diplomacy…”

Thirty?!?

It seems that the President has plenty of people to help him remember each and every one of them, lest he forget and miss an opportunity to force his will into becoming reality.

There are two years ahead of us.

Two Years.

At the risk of sounding a bit doom and gloom, I have to say that there is a lot of damage that can be done in that time. We have no idea what plans the leader of our nation and his advisors may have.

Something that alarmed me greatly was said by President Obama on the The Daily Show on October 27th, 2010. Do you remember when he was called “Dude” by John Stewart? That hit the media like lightning, and it should have.  It also destracted from this statement that the President made:

“We have done things that some folks don’t even know about.”

Watch the video below – it is at five minutes and 20 seconds.

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Barack Obama Pt. 1
www.thedailyshow.com
Daily Show Full Episodes Political Humor The Daily Show on Facebook

There you have it friends and lovers of liberty.

Our President has made it publicly known that there are things they have done that we don’t even know about.  Um, Who are “They”? If this doesn’t send a chill down your spine……

{On a side note, I also found it ‘refreshing’ that the second thing the President said happened to be a slam against the Republican Caucus. Cheap shot, sir, On a show known for having a liberal audience…Way to go for the easy laugh.  Curiously, you didn’t mind smearing the men and women that represent more than half of your citizens on national television. Sadly, instead of making the Republicans look bad for not giving you a standing ovation every time you walk into a room, you made yourself look bad for wanting one.}

Without sounding ominous, I must stress that if we aren’t on our knees, sending our heart’s cry to the Lord of Heaven, there will be no victory even while our representatives do their best to make decisions that will reinforce the framework of this nation.

They have their own battle to wage and we must support them.
While our representatives are busy trying stop a runaway train, they are – no doubt – going to be approached by special interest groups.  There will be attempts to bribe them – yes – bribe them.  Not only that, but there will be political peer pressure applied to them.  Seasoned Congressmen will attempt to talk them into giving up a tiny battle to win the war. This is seductive reasoning that many have fallen prey to in the past.

We need to be in prayer that these freshmen in Washington will be able to stand in integrity and resist the voice of temptation.

Our Heavenly Father – He sees what we cannot.

We must rely on the One who does not slumber or sleep.

The God of Heaven and Earth.
The One who gives and takes away as He sees fit.

That includes the power to rule a nation.

Yes, we have power as Americans.
Yes, we can vote.
Yes, we can read and monitor the bills that are being written.

We can be a voice on the phone and a signature at the bottom of a letter or petition, but that is where it ends.

I stated above that we must wage battle on our knees.

There is no victory without spiritual victory.

There is no spiritual victory without a heart of repentance and supplication.

If you are having a hard time thinking of what to ask forgiveness for while praying for your nation, start with abortion, then move to child pornography, sexual abuse and abduction, then you can move on to the physical abuse of children and spouses, I am sure that the sins of our nation will begin to come to the forefront of your mind the more you pray, and as your heart breaks for your country, you will love her more and more.

We are waging a battle to preserve the best freedom the world has never known.

We are waging a battle for the future of our children.

We are waging a battle against Socialism, Communisim and Terrorism.

We are trying to get our government under control – one that thinks it knows what is best for us, and that makes decisions forus instead of listening to us.

May God in Heaven grant us grace, mercy, and strength to fight a good fight.

May His will be done on earth exactly as it is in Heaven. No one says no to righteousness in Heaven.  There are no abortions there, no crime, no lies, no manipulative forces at play.

I also pray that He would benevolently grant us the victory only He can give, for we find ourselves in the greatest battle of our lifetime.
The Battle to Preserve True Liberty.

The Battle to Save America.

P.C. Police Attack Glenn Beck for Show on Soros

The Anti-Defamation League (ADL), otherwise known as the Politically-Correct Police, have decided that Glenn Beck must be condemned and *SURPRISE* the HuffingtonPost agrees.

Glenn Beck devoted significant time this last week to exposing George Soros, the left-wing extremist (otherwise known as “liberal”) billionaire for what he is – a destructive force against the free people of the world.

In some ways, I agree with the ADL.  The information on Soros was “horrific” – where I disagree was that Beck was untruthful.

Soros has, by his own admission been the behind-the-scenes financier and strategist in more than one national coup.  What’s seriously flawed in the post’s reporting is that they say that Beck played Soros for a Nazi sympathizer.  That’s not what Beck did.  Instead, Soros was portrayed as an agnostic.  He just hasn’t done anything to protect Judaism or Israel.  Even in the quote that the author used he failed to make it anything other than what Beck said:

..when he had to go over and take the lands from the people…who were being sent to the gas chambers, I can’t imagine what that would do to a teenager, anybody, an adult. Well, what did it do to George Soros? In an interview with Steve Kroft, Soros was asked if he felt guilt at all about taking the property from the Jews as a teenager. He responded, ‘no.’ He also said, ‘I don’t deny the Jews their right to a national existence, but I don’t want to be a part of it.

At what point does Beck say that he’s a Nazi?  This article just continues to show the radical left-wing media for what it is – biased and untrustworthy.  Arianna has giant hate groups like ADL to help spread her unfair, horrific and offensive messages which makes it much more difficult to get the truth out.  Heck, here’s the Media Matters video the author tried to use to make his false point:

The important point here is that Arianna Huffington, the Huffington Post and the ADL are all protecting an evil man – George Soros.  A man that has promised to give his own life if it would take down America.

While a naive progressive uses Beck’s words in an attempt to prove him a P.C. Offender, the author’s own quotes and vidieo show Soros to be the maniac that he is.

The ADL has positioned itself as being against anti-semitism, but protects Soros.  Their motives are clear, but not clearly stated.

The Anti-Defamation League was founded in 1913 “to stop the defamation of the Jewish people and to secure justice and fair treatment to all.”

How is the defense of a monster like Soros “fair treatment” or protection of the Jewish people.  Many would argue that Glenn Beck, Fox News, and Conservatives have done far more to protect Israel and her Jewish people than Obama and the far-left extremists.

Of Course, Arianna’s rag attacks anyone that isn’t out to destroy America.  In an unrelated article, the Huffington Post goes after Megyn Kelly for .. laughing – nevermind that Megyn just announced that she’s pregnant – hormones perhaps? The real story is about a medical procedure to cool heart attack victims using special techniques.  Kelly gets giggly when she posits that perhaps throwing a spouse in the freezer isn’t the answer. You’d think Arianna would understand, having daughters of her own, but she’s just go-for-the-throat progressive, just like the ADL.

Truth is unimportant.

Warning Signs of an Economic Collapse

The National Debt Clock is shown Monday, Feb. 1, 2010 in New York. President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs. The deficit for this year would surge to a record-breaking $1.56 trillion. The Debt Clock is a privately funded estimate of the national debt. (AP Photo/Mark Lennihan)

Obama has previouly stated the he has pulled the economy back from the brink. This is far from truth and quite the opposite. Obama’s economic policies are instead pushing us off the economic cliff. The 13 trillion dollar National Debt is just one of a number of unprecedented warning signs pointing toward an economic collapse. The National Debt is very important, but not the most important on it’s own. There are several other factors that you need to be aware of as well, and here are a few.

First a list from The Economic Collapse Blog: “The U.S. Economic Collapse Top 20 Countdown” June 2010

Gallup’s measure of underemployment hit 20.0% on March 15th.  That was up from 19.7% two weeks earlier and 19.5% at the start of the year.

According to RealtyTrac, foreclosure filings were reported on 367,056 properties in the month of March.  This was an increase of almost 19 percent from February, and it was the highest monthly total since RealtyTrac began issuing its report back in January 2005.

According to the Bureau of Labor Statistics, in March the national rate of unemployment in the United States was 9.7%, but for Americans younger than 25 it was well above 18 percent.

The FDIC’s list of problem banks recently hit a 17-year high.

During the first quarter of 2010, the total number of loans that are at least three months past due in the United States increased for the 16th consecutive quarter.

The U.S. Congress recently approved an increase in the debt cap of the U.S. government to over 14 trillion dollars

The FDIC is backing 8,000 banks that have a total of $13 trillion in assets with a deposit insurance fund that is basically flat broke.  In fact, the FDIC’s deposit insurance fund now has negative 20.7 billion dollars in it, which actually represents a slight improvement from the end of 2009.

The U.S. national debt soared from the $12 trillion mark to the $13 trillion mark in a frighteningly short period of time.

It is being reported that a massive network of big banks and financial institutions have been involved in blatant bid-rigging fraud that cost taxpayers across the U.S. billions of dollars.  The U.S. Justice Department is charging that financial advisers to municipalities colluded with Bank of America, Citigroup, JPMorgan Chase, Lehman Brothers, Wachovia and 11 other banks in a conspiracy to rig bids on municipal financial instruments.

The Mortgage Bankers Association recently announced that more than 10 percent of all U.S. homeowners with a mortgage had missed at least one payment during the January-March time period.  That was a record high and up from 9.1 percent a year ago.

The official U.S. unemployment number is 9.9%, although the truth is that many economists consider the true unemployment rate to be much, much higher than that.

The biggest banks in the U.S. cut their collective small business lending balance by another $1 billion in November.  That drop was the seventh monthly decline in a row.

The six biggest banks in the United States now possess assets equivalent to 60 percent of America’s gross national product.

The total number of banks that have been shut down this year in the United States to a total of 78.

According to a study published by Texas A&M University Press, the four biggest industries in the Gulf of Mexico region are oil, tourism, fishing and shipping.  Together, those four industries account for approximately $234 billion in economic activity each year.  Now those four industries have been absolutely decimated by the Gulf of Mexico oil spill and will probably not fully recover for years, if not decades.

Decent three bedroom homes in the city of Detroit can be bought for $10,000, but no one wants to buy them.

A massive “second wave” of adjustable rate mortgages is scheduled to reset over the next two to three years.  If this second wave is anything like the first wave, the U.S. housing market is about to be absolutely crushed.

The bottom 40 percent of all income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

Here is another  list compilation posted on July 20, 2010 by TheTruthWins.com titled “40 Bizarre statistics that reveal the horrifying truth about the US Economy”

A recent Pew Research survey found that 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the recession began.

There are 9.2 million Americans that are unemployed but that are not receiving an unemployment insurance check.

In America today, the average time needed to find a job has risen to a record 35.2 weeks.

According to one analysis, the United States has lost 10.5 million jobs since 2007.

China’s trade surplus (much of it with the United States) climbed 140 percent in June compared to a year earlier.

Banks repossessed 269,962 U.S. homes during the second quarter of 2010, which was a new all-time record.

Banks repossessed an average of 4,000 South Florida properties a month in the first half of 2010, up 83 percent from the first half of 2009.

The Mortgage Bankers Association recently announced that demand for loans to purchase U.S. homes has sunk to a 13-year low.

Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.

According to a new poll, six of 10 non-retirees believe that Social Security won’t be able to pay them benefits when they stop working.

Retail sales in the U.S. fell in June for a second month in a row.

Vacancies and lease rates at U.S. shopping centers continued to get worse during the second quarter of 2010.

Consumer credit in the United States has contracted during 15 of the past 16 months.

During the first quarter of 2010, the total number of loans that are at least three months past due in the United States increased for the 16th consecutive quarter.

Things are now so bad in California that in the region around the state capital, Sacramento, there is now one closed business for every six that are still open.

The state of Illinois now ranks eighth in the world in possible bond-holder default.  The state of California is ninth.

More than 25 percent of Americans now have a credit score below 599, which means that they are a very bad credit risk.

According to a U.S. Treasury Department report to Congress, the U.S. national debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015.

Most of the circumstances in these lists have only gotten worse since being posted.

Bank failures this year have hit 109 via FDIC‘s Failed Bank List

According to EconomicPolicyJournal.com in May 2010  32 States were so bankrupt that they had “Borrowed from the Federal Government to make unemployment payments”

MSNBC reports that “The average rate for 30-year fixed loans fell this week to 4.42 percent”

The Congresional Budget Office (CBO) released a very bleak Report on “The Budget and Economic Outlook.” The report is hiding some facts and our editor and fellow blogger Rich Mitchell takes it apart here.

Today’s Department of Labor Report on unemployment benefits showed the number filing for initial claims jumped 12,000  to 500,000.

A Department of Treasury Report shows that in May China got rid of $33 billion worth of US Treasuries. As well as the Oil Exporters & Japan dropping $8.8 billion. This brings China’s total amount of US Treasuries to it’s lowest level since June 2009.

We also have to take note of the actions of George Soros, the Communist billionaire that is known as The man whomade a billion dollars by ” breaking the Bank of England” and has strong ties to Obama.

George Soros dropped almost 50%  of his American holdings and Gold is his primary investment. From Gateway Pundi (August 18th, 2010)t:

Far Left billionaire, democratic donor and Obama supporter, George Soros is bailing out of the US stock market. The value of billionaire investor George Soros’s hedge fund dropped by 42% to $5.1 billion at the end of the second quarter.
Economic Policy Journal reported, via Free Republic:

Billionaire trader and political manipulator,George Soros, is clearly not optimistic. The latest SEC filings are out on the Soros hedge fund, Soros Fund Management.

Between the end of March and the end of June, Soros lowered his stock investments from $8.8 billion to $5.1 billion in the fund, Soros Fund Management.

He sold most of his positions (over 95%) in Wal-Mart, J.P. Morgan Chase and Pfizer.

His biggest position at the end of June was in the gold ETF which accounted for 13% of his equity portfolio at $638 million.

This means that George Soros does not have confidence in the US stock market and instead is buying gold to hedge inflation. In my opinion he is preparing for the economic collapse of the US economy, but not all currency and the gold holdings can be used to buy any surviving currency, or a new global currency.

A bigger warning sign that the market is near collapse is the “Hindenburg Omen” which has preceded previous stock market crashes and been recently observed. The Hindenburg Omen is a collection of statistics, that if observed twice within 32 days have always predicted disaster within the Stock Market.

Heres a video explaining the Hindenburg Omen posted in October of 2007

More on the Hindenburg Omen From MoneyNews.com:

Named after the zeppelin disaster that took place over Lakehurst, N.J., in 1937, the pattern is a “rare but potent” sell signal, said Jay Shartsis, director of option trading at R.F. Lafferty & Co.

For this to be activated, it requires at least 2.2 percent of the market to reach new 52-week highs and 52-week lows on the New York Stock Exchange on the same day, which happened Thursday, suggesting a lack of conviction among investors.

However, it also needs to happen in a rising market, based on certain indicators, including a 10-week moving average of the NYSE Composite, which has to be rising.

Shartsis said the indicator “speaks for itself,” noting that when confirmed by a second occurrence within 36 days, “every crash (since 1985) was preceded by such a signal.”

Other strategists said they hadn’t heard of the indicator, which has been discussed on financial blogs during Friday’s trading.

And from Zero Hedge:

Today we got our first Hindenburg Omen confirmation. The number of new highs was 136, and new lows was at 69 (per the traditional WSJ source). Granted this particular criteria set was a little weak as the 69 is precisely on the borderline for confirmation (the 2.2%), and the new highs number was not more than double the new lows (although it was close). Less gating were the McClellan oscillator which was negative at -83.6, and the 10 week MVA, which rose, which were the two remaining conditions. The first omen was spotted on August 12 – a week later the H.O has been confirmed. The more confirmations, the scarier it gets from a technical perspective, not to mention the conversion into a self-fulfilling prophecy (like every other technical indicator).

Even though, on June 3rd 2009, Ben Bernanke stated to Congress that the Federal Reserve had no plans to monetize the debt, the Federal Reserve has begun to do just that. The Monetization of the debt is the scariest factor pointing to economic collapse and I cannot stress enough how terrible the outcome of this can be.  Even left-wing Huffington Post was taken aback by this move from the Federal Reserve in this post “Federal Reserve Begins Massive Monetization of US Government Debt” (Emphasis mine)

In a step that will be one of the markers on the road to economic and financial catastrophe, the Federal Open Market Committee (otherwise known as the FOMC) of the Federal Reserve, made a bombshell policy decision on August 10, 2010, one fraught with dangerous long-term consequences for the American and global economy.

In a policy being dubbed QE2, the Federal Reserve’s FOMC conceded that the so-called U.S. economic recovery has “slowed,” and required more stimulus from the Fed. However, with federal funds interest rates now effectively at zero, the only aspect of monetary policy left is money printing. Thus, the Federal Reserve, in effect, will use its printing press to buy long-term U.S. government debt.

Of course, that is not how the FOMC is positioning this major escalation in quantitative easing by the Federal Reserve. In the dry, obtuse language that the obscurantists of the Federal Reserve love to engage in, the committee’s official statement said:

“To help support the economic recovery in a context of price stability, the Committee will keep constant the Federal Reserve’s holdings of securities at their current level by reinvesting principal payments from agency debt and agency mortgage-backed securities in longer-term Treasury securities. The Committee will continue to roll over the Federal Reserve’s holdings of Treasury securities as they mature.”

In its first bout of heavy quantitative easing, in the wake of the implosion of the major Wall Street investment banks in the fall of 2008, Ben Bernanke, utilizing his printing press, purchased $1.25 trillion in mortgage-backed securities, and an additional $200 billion in debts owed by so-called government-sponsored enterprises, primarily Freddie Mac and Fannie Mae.

This massive explosion in the Fed’s balance sheet has thus far failed to stimulate economic activity and retard a persistent deflationary recession. All that Bernanke has accomplished has been to create a new asset bubble, this time on Wall Street, with equities exploding in price far beyond their post-crisis lows.

Beyond the Dow Jones index, however, the impact of Bernanke’s balance sheet expansion has been impotent in the face of economic realities, particularly a collapsing labor market and the contraction in consumer demand. The erosion in the M3 money supply, a statistic the Federal Reserve no longer publicly discloses, attests to the failure of its policies.

Now that the Federal Reserve admits, though in its typically obscure linguistic constructs, that a double-dip recession is becoming increasingly likely, Bernanke is going to enter a buying binge of long-term U.S. Treasuries. The hope is that this will stabilize financial markets, and somehow force liquidity into the economy. That, at least is the hope. Given Ben Bernanke’s track record, I would not bank on hope in the infallible judgement of the Federal Reserve and its FOMC.

What is likely to result from the QE2 phase of the Federal Reserve’s disastrous policymaking? In time, sovereign wealth funds will recognize Bernanke’s maneuver for what it is: monetization of the U.S. national debt. When that happens, Treasury auctions will begin to fail, and yields will advance.

This will all put added pressure on the Fed to print even more dollars, and monetize an increasing proportion of the federal government’s debt. This will unquestionably inject liquidity into the U.S. economy. But this Federal Reserve monetary injection will be as beneficial as money printing was in Weimar Germany in the early 1920s, or Zimbabwe more recently.

In deciding on a process that will lead to an ever-growing proportion of the U.S. national debt and yearly budget deficits being monetized by its printing press, the Federal Reserve, under the leadership of itschairman, Ben Bernanke, has taken a fateful step towards irredeemable economic and financial ruin, ultimately convulsing America with a savage, hyperinflationary depression. And, as history teaches us, severe economic depressions bring along other unanticipated consequences, often leading to political and social turmoil and even global war.

The Huffington Post is telling you that this move will destroy our economy in eventual Hyper-Inflation. Again, this is left-wing Obama loving Huffington Post. Monetizing the debt can dire circumstances in the best of times and is outright apocalyptic in the worst. Add all these factors together and our economy is on the road to ruin. We have a president who has no intention of ever stopping or slowing down the spending in accordance with the Cloward-Piven Strategy. The Stock Market is predicted to fold around October by the Hindenburg Omen. Foreign Nations instead of buying our Debt are beginning to sell it off. When they no longer buy our debt, our Credit Rating will be downgraded and the Federal Government will default. The Fed will continue printing money anyway and we will see hyper-inflation like the Weimar Republic and Zimbabwe. Hope for the best but prepare for the worst is the only recommendation I can give.

See Today’s other Conservative Daily News articles for more perspective on the economy:

Welcome to the New Deal. Same as.. The New Deal by Michelle Ray (@GaltsGirl)

Why You Should Care About the CBO Report – Really This Time by Rich Mitchell (@CDNNow)

Recent Entries »