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* The Federal Housing Agency used to insure 1 in 50 mortgages. But FHA now insures 1 in 4 mortgages, as the debt for bad mortgages has been dumped on the American people
* “Banks have the power to create money”. This again confirms and verifies that banks create money out of thin air, not based on the amount of reserve deposits on hand. See this and this
* While – on paper – there are reserve requirements, banks have gone from 10 to 1 leverage (where they could lend out 10 times their reserves) to – in the case of JP Morgan – 100 to 1 leverage. But with derivatives, leverage might be much higher
* Instead of holding hearings on the core problems with the financial system, Congress is holding hearings solely on arcane, peripheral issues
Let me explain this to those who believe that their particular congressperson cares about their constituents: they would act like this woman does, if they actually gave a rat’s ass about you. If you rdnecks think that Marsha Blackburn gives even half a rat’s ass, you are sadly (and stupidly) mistaken. Goes for 97% of them.
Seems like if the “crazy little brown people” were anxious to kill Americans and were able to pull off such an unbelievable attack as occurred on 9/11 that they would be proud of that and would brag, endlessly about their “success”. But there is a problem. These wacko religious nuts who would seemingly strap a bomb to themselves for a donut are telling us they didn’t have anything to do with it. (This should come as no surprise for many of you thinking people):
(RTTNews) – On the eve of the eighth anniversary of the Afghan war, a Pashtun regional commander and former prime minister has said that no Afghan was involved in the 9/11 attacks on the United States and accused Washington of using a false pretext to launch its war on the the south-west Asian country.
In a video address released Tuesday, top Afghan warlord Gulbuddin Hekmatyar said the war launched against the Taliban and al-Qaida by Americans in 2001 was unjustified as the September 11 attacks were not carried out by Afghans.
He said the attacks were planned in Europe and the U.S. and not in Afghanistan or Iraq and that no Afghan has taken part in any attack against the American nation.
Hekmatyar said the attacks on the World Trade Center and the Pentagon were planned on U.S. soil and were carried out by people born in the U.S. and Europe who were trained there. He said everyone knew the pilot training was done in the U.S. and the plan of the operation was hatched there…
I had hope for a few of the Obama Ass-Kissing Sycophants over at the premiere Ass-Kissing Sycophant’s site. But Nicolle has apparently been paid really good money (or has lost her ever-loving mind). I expect John and quite a few others there to celebrate and defend O. It is what they are paid to do.
But Nicolle? Really? I watched as BlueGal swallowed the bait, hook, line and sinker. Now one of the last seemingly sane ones has joined the others.
I’ll ask again, How Many Innocent babies Do I Need To Kill To Win a ‘Peace’ Prize, Nicolle?
Stop defending anything and EVERYTHING that comes as a criticism of O. It really makes you look like a fool.
That is your boss’s job (he gets paid well for it).
The first thing the US did when it invaded and took over Iraq was reverse Saddam Hussein’s recently policy of demanding Euros in payment for his countries oil.
Some think that’s what the war was all about and that Iran’s insistence on receiving Euros for its oil is the real reason that country has been targeted.
Dollars? Euros? What’s the difference?
The difference is this…if you are the dominant currency, you can support your lifestyle and war machine by printing more when you run out.
Take that power away and there will be a very economic painful dislocation in the US.
For a US President to have produced accomplishments worthy of Nobel Prize recognition after a mere eleven days in office would have been a truly remarkable feat indeed.
Once upon a time the government had a vast scrap yard in the middle of a desert. Congress said, “Someone may steal from it at night.” So they created a night watchman position and hired a person for the job.
Then Congress said, “How does the watchman do his job without instruction?” So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies.
Then Congress said, “How will we know the night watchman is doing the tasks correctly?” So they created a Quality Control department and hired two people. One to do the studies and one to write the reports.
Then Congress said, “How are these people going to get paid?” So They created the following positions, a time keeper, and a payroll officer, Then hired two people.
Then Congress said, “Who will be accountable for all of these people?”
So they created an administrative section and hired three people, an Administrative Officer, Assistant Administrative Officer, and a Legal Secretary.
Then Congress said, “We have had this command in operation for one Year and we are $18,000 over budget, we must cutback overall cost.”
So they laid off the night watchman.
NOW slowly, let it sink in.
Quietly, we go like sheep to slaughter.
Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY…. during the Carter Administration?
Anybody?
Anything?
No?
Didn’t think so!
Bottom line. We’ve spent several hundred billion dollars in support of an agency…the reason for which not one person who reads this can remember!
Ready??
It was very simple…and at the time, everybody thought it very appropriate.
The Department of Energy was instituted on 8-04-1977.
TO LESSEN OUR DEPENDENCE ON FOREIGN OIL.
Hey, pretty efficient, huh???
AND NOW IT’S 2009 — 32 YEARS LATER — AND THE BUDGET FOR THIS “NECESSARY”
DEPARTMENT IS AT $24.2 BILLION A YEAR. THEY HAVE 16,000 FEDERAL EMPLOYEES AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES; AND LOOK AT THE JOB THEY HAVE DONE! THIS IS WHERE YOU SLAP YOUR FOREHEAD AND SAY, “WHAT WAS I THINKING?”
Ah, yes — good ole bureaucracy.
AND, NOW, WE ARE GOING TO TURN THE BANKING SYSTEM, HEALTH CARE, AND THE AUTO INDUSTRY OVER TO THE SAME GOVERNMENT?
I guess to the Nobel Peace Prize Committee it means presiding over the further destruction of the population of three countries that didn’t harm anyone.
I guess it means voting for every war-funding bill while one is a Senator.
I guess it means continuing the use of the obscene and immoral drones.
I guess it means continuing torture and building larger prisons to pre-emptively and indefinitely detain suspected “terrorists.”
I guess it means using the politics of fear to justify your wars. “Afghanistan is a war of necessity.” “There are still people in the world who want to hurt Americans.”
I guess it means increasing your military budget.
I guess it means paying back your donors on Wall Street and in the insurance companies to profoundly harm people in your own country.
I guess it means hiring hostile people like Hillary Clinton, Robert Gates, Stanley McChrystal and Petraeus.
I guess it means extending the damaging embargo on Cuba and threatening “crippling economic sanctions” for Iran.
I guess since the committee awarded the prize to Jimmy Carter who gave rise to the Taliban and al Qaeda in Iran giving billions to those who fought against the USSR (talk about Blowback), it tells the people of Afghanistan if you are killed, we will give your killer the Nobel Peace Prize.
Jesus Christ, why didn’t they just give it to George Bush?
The US Peace Movement was put on life support with the election of Democrats. I hope now that we have a president who is just a tool of the war machine AND a Nobel Peace Laureate that it hasn’t put the final nail in the coffin of the Peace Movement.
Peace to us means, not just an absence of war but, an absence of preparing for war.
Peace to us means that innocent people won’t suffer for profit.
Two thugs who attacked what they thought were a pair of transvestites picked on the wrong men – when their intended victims turned out to be cage fighters on a night out in fancy dress.
Dean Gardener, 19, and Jason Fender, 22, singled out the two men walking along a street in wigs, short skirts and high heels.
Bare-chested Gardener was caught on CCTV confronting one of the men in a pink wig, black skirt and boob tube – then seen swinging a punch, a court heard.
But the other cage fighter, wearing a sparkling black dress and matching long wig, sprang to his friend’s help, delivering two lightning-quick punches to the two stunned yobs.
The cage fighters were then seen teetering away in their high heels, stopping only to pick up a clutch bag they dropped during the melee…
How many times have I used this phrase: “Time is short”? Well, it´s overtime now.
The rupture of the USD as everyone here (me apoplectic and insane on the subject) and Torrance, B´Man, Celente, Faber, Henwood, Hudson, Schiff, and all serious financial professionals outside of K-Street American Exceptional Land, have been warning.
As if that weren´t enough pain, here are the insults added to the injury.
It´s an inside job all the way. The Republicrats and Demopulicans will fuck you any way they can and with whatever tools are available or does anyone think still that Obama has Peace, LGBTQ rights and liberties and economic “reform” at the top of his very “full plate.”
Sobukwe Shakura of the All African People’s Revolutionary Party said it best at a panel discussion in Atlanta on Sept. 24th: “President Obama leads a racist imperialist system whose failure is obvious and cannot be reformed. It can only sur…vive with the exploitation of people here and rape of people abroad. The conditions of our people have not changed.”
This sheeple ™ business has gone too far already. If you´re not for “PEACE OF THE ACTION” and HR1207/S604, who or “what” are you?
You are Vichy!
There are a lot of entwined issues here because when you´re facing a relentless Empire, having, for example, pro-LGBTQ rights and liberties, fights the same battle against the same dictators as pro-peace and pro-HR1207.
Two dirges followa couple of short Jay Midnyte posts:
Many people who visit here don’t really know how to take the place. Supposedly a redneck from the south who is anti-corporate, anti-Republican (and anti-Democrat, for that matter) and who cannot idly accept what the minions in government tell us, when it is obvious that their purpose is money and protecting those that give it to them.
I have had links (on the side over there ——->) for various places that are truly Progressive (“Progressive” Does NOT Equal Democratic party, btw) and also linked to some Conservative blogs (“Conservative” Does NOT equal Republican party).
I also have linked and appreciate as much or more than any others, blogs that are written by Black folk, Latinos, Europeans, Canadians, Afghanis, Iraqis, and even by an American in Seoul. The reason for this (other than appreciating their work) is that it is my opinion that these “fringe” groups (as some would describe) are being played against each other and against the white establishment (which the establishment wants me and other rednecks to think we are a part of).
Fat, rich white people against the rest of humanity, to a certain degree and they don’t care what color you are.
Any sane, thinking redneck must understand that we aren’t any part of that elitist group. It is simply the divide and conquer game that the richest of the rich use to control us: keeping us attacking, even killing each other over bullshit that means so little in perspective of the truth, that it astonishes me that we still fall for it.
My buddy (and contributer here), kelso’s nuts, says often that it will be the Black Power activists, the Socialist Parties, and the Southern Christian libertarians and Town Hallers that will make change happen. Rednecks, black folk and other minorities must be able to connect, make amends, and devise a way forward that will eliminate the Corporate Control of the majority of politicians. It is truly these few groups that recognize that American Exceptionalism is BS. It will be the people that are raising the most hell about Obama’s lies and deceit that will eventually hold him (them) accountable.
There are but two sides: those who favor peace and freedom and those who don’t. The serious White Southern monetarists are very committed. The militant Black Power movement is really committed. The (real) socialist activist left is really committed. The world Green Parties are really committed.
It is this dance of the Republicrats and their blind hate and fear and perversion of Christianity and patriotism and the wealthy, indifferent, Big Government Liberals who are in lock-step to oppress.
It will NOT be those at the Huff Po, C&L, Daily Kos, etc. They are too invested in the system and Obama’s Ass (as in tonguing his ass). Too much clout, too much ability to rub elbows with power, and monetary gain from the very ones who perpetuate the shackling of us “peons”.
Nor will it be the Tea-baggers and the ravenous right-wing freaks whom only consider defeat of the “other party” as the goal. They are playing into and are likely a part of the mind games played on an American public who is scared to death about the future of this country and for their families.
I already know places that I want to highlight and you should get to know these folks, for truth is rampant at their blogs:
One of my newer Favs. 2truthy’s blog that addresses my favorite topics and is damned funny, as well. They, “are dedicated to drop-kicking truth and justice, laughers and screamers, strange and terribly real stories about living out the death of American civility and the hubris soaked perps who profit from it.”
Jay is a young black man who has his shit all together regarding the financial crisis we are in. His knowledge is impressive. Also note that if you are a redneck (like me), this may be a good place to begin to learn about Hip Hop (whether you like it or not isn’t the point). Understanding a culture that you have been brainwashed to fear is paramount to making this work. As an example, Hip Hop sells more to white folk than black folk.
Excellent assembly of writers (where I first read Kelso’s writing). The site is definitely NSFW (not suitable for work) and for some who have an aversion to porn, you may want to avoid it. However, the information presented here is well reported by quality, professional writers.
This man is a freaking genius. He posts about math (which goes over my head, at times), but posts even more about politics and the empire that reigns. Marijuana legalization is one of his key interests and is about to embark on a Sabbatical to help Marc emory’s case in Canada. One of my favorite sites on the entire web.
Torrance is absolutely brilliant. Depending on the particular post, he speaks in different voices (he can speak with a redneck, a politician, black folk or a king). He is one of the most insightful Professors, Authors, THINKERS that I have encountered. Well worth the visit.
Glen Ford, Margaret Kimberly and Bruce Dixon (among others, I believe) lay out the truth about African American politics, thought and action. A must read for any American.
One of the most impressive interviews I have seen lately was a Real News interview with Glen Ford:
Arthur Silber’s Blog. One of the better writers I have encountered on the web. Whether or not you agree with his point of view (I do, by and large), his posts are extremely well prepared, organized and informative.
Last, but not least featured today is a blog that has been very informative for me on a variety of topics, especially the financial mess. But all things “Imperialization” are addressed in a brilliant and well thought out manner. Great Blog!
This is just a small sampling of truly progressive sites that see the overall picture, much like I do (I link and visit many others, but they are not necessarily political in nature, so I haven’t featured them in this post… like one of my favorite women bloggers that addresses blogging in general, Roschelle at Inconsequential Logic). There are many others that you should visit, like, “After Downing Street; “A Tiny Revolution“; Sam Smith’s UnderNews (the blog for the Progressive Review); Glen Greenwald’s Blog (just a few among several you can click on over on the right panel). I have not formally set up Blog link exchanges with these, but they are a part of my daily read.
So here is what I am looking for. I want to expand on this by having you suggest similar sites, especially those that focus on the southern white portion that I have been discussing (I have a hard time finding them). I want to find sites that I can link to and share their ideas here that will help make this connection that is needed NOW, especially from that southern, white perspective.
It boils down to this: We MUST come together and fix this shit. We will never be whole until we take back the control. We will never be able to do that unless we work things out between us, without the diversions and horseshit divisional tactics that have worked for so very long.
And don’t be fooled by the name of a blog (like the “Pine Belt Progressive”, as an example). There is nothing “Progressive” about a site dedicated to ass-kissing the status quo and continuing the fake two-party divide.
And please don’t blow smoke up my ass. I can do that on my own:
BuelahMan
Lynda
drduhgylie
ConspiracyDude
TINMA
