Friday, December 30, 2011

The Tragedy Of Failure: Dr. Wolf (Obama's cousin) Submits A Diagnosis

WOLF: In Obama he trustsWhy our president fails
By Dr. Milton R. Wolf  ~ The Washington Times

There's something profoundly tragic about the failed presidency of Barack Obama. He was supposed to be a new kind of president, a man who embodied hope and would transcend petty politics and even race. Instead, we're left with a downgraded America that is stagnating under the weight of its bloated government. As tragic as that alone is, even this is but a mere symptom of Mr. Obama's larger fundamental failure: He simply does not trust the Americans who entrusted him with the presidency.
Most presidents, we believe, ascend to the Oval Office, but for the 44th president, the reverse seems true. Whatever majesty the White House can muster must rise to the grandiosity of Barack Obama. "We are the ones we have been waiting for," said the man who writes autobiographies and later would claim to control the rise of the oceans.
As recently as this month, the food-stamp president of 13 million unemployed Americans declared himself the fourth-most-accomplished president in the history of the United States, eclipsing, in his own mind, President Reagan and even our nation's father, George Washington. That in only three years. Barack the Magnificent won't allow trivialities like $15 trillion debts or historic national credit downgrades dissuade him.
Mr. Obama may care deeply for America, but he believes in only one thing: Barack Obama. And you are not Barack Obama.
Where once the American flag was hailed universally as the ultimate symbol of freedom, we who live under it have slowly but surely surrendered our liberties to an insatiable government. Consider our decline in just the past two generations. Our grandfathers, who stood against evil and shed their blood to stop it, never would have tolerated their own government becoming so totalitarian that it would dictate to them what car they should drive, what (if any) health insurance they should choose or even what light bulb they should buy.
Has our generation been worthy of earlier Americans' sacrifices? Or have we surrendered their hard-fought victories in return for false promises of a big-government utopia that never materializes? Look no further than the politicians we elect. We have chosen as our president a man who believes we are unworthy, not of the previous generations' sacrifices, but rather unworthy of freedom itself.
The sum total of Mr. Obama's political philosophy, the unifying theme of his presidency, amounts to this: You cannot be trusted to live as a free American.
President Obama's first major legislative action, the failed $787 stimulus, revealed his fundamental distrust of free Americans. A president who actually trusts his people would stand aside as they freely chose how to invest their capital and their labor. Mr. Obama, on the other hand, simply doesn't believe you are smart enough to know what's best for you. He commandeered nearly $1 trillion dollars from the taxpayers and redirected it as he saw fit. That he squandered billions on crony boondoggles such as the Solyndra solar-panel company or laughable efforts to measure the malt-liquor habits of Buffalonians and the like is evidence merely of his incompetence. That he trusted only himself to allocate taxpayers' money in the first place - even if he had had the capacity to do so brilliantly - is evidence of a much larger offense: This president distrusts his subjects.
Obamacare is a modern-day monument to government arrogance. So untrustworthy are Americans that they cannot be allowed to decide for themselves whether to purchase health insurance or, if so, how much. Likewise, physicians are too untrustworthy to provide you with care without first consulting the government's "best practices" guidelines. Obamacare would solve both.
Untrustworthy bankers would become angelic under the restrictions of Dodd-Frank. Untrustworthy bloggers would fall in line under the Stop Online Piracy Act. Untrustworthy manufacturers would create the only jobs worth having under the dictates of the National Labor Relations Board. And untrustworthy energy consumers would act responsibly only under the restrictions of "cap and trade" or at least a dictatorial Environmental Protection Agency.
For statists like Mr. Obama, no matter how bloated our government has become, America is forever just one legislative act away from utopia, if only those untrustworthy Americans would just get in line. The man who ran on hope has instead embraced a tragic pessimism that views all free Americans with disdain as either incompetent rubes in need of his salvation or unrighteous villains in need of his rules. Either way, Mr. Obama embraces a command-and-control government and rejects American freedom.
Mr. Obama's distrust of Americans is his fatal flaw, and Republicans would be wise to exploit it fully. The GOP should resist the temptation simply to become a cleverer version of autocrats who pull the same powerful levers of government but in different directions. Instead, they should become the party that embraces liberty.
If the 2012 election is between Republicans and Democrats or even between conservatives and liberals, Republicans might win. But if the election is instead between a bloated, ineffectual government that distrusts its subjects and Americans who still yearn to breathe free, Republicans will win. Only then will voters have a dramatic choice between a party that trusts Americans to be free and a party that does not.
Dr. Milton R. Wolf, a Washington Times columnist, is a radiologist and President Obama's cousin. He blogs at

Tuesday, December 27, 2011

Jerome Simpson Flips Out...I mean in...In the end zone!

In Memory...lest we forget*

Pakistan opposition leader Benazir Bhutto was assassinated in a suicide attack Dec. 27, 2007, just two months after returning from exile for a political comeback. Benazir Bhutto, educated at Oxford and Harvard, became the first female prime minister of a Muslim country when she took the helm in Pakistan in 1988.  See photo-slide-show hereUS News & World Report

Benazir Bhutto was a brave and ahead of her time she was most likely the best thing that could have happened to Pakistan politically before she was  murdered by the opposition.  I'm sure we could list a number of her accomplishments but that's not the impetus of this post.  She was, to the best of my knowledge, an honest person and wasn't acustomed to telling fairy tales.  Maybe she didn't tell all of which she knew concerning the death of Osama bin Laden but she did identify his murderer...and it wasn't Barack Husein Obama!  It was another Muslim by the name of Omar Sheikh.  See videos here and here  ~ Norman E. Hooben
*lest we forget who killed who

Related Story PPP to use Benazir anniversary for show of strength
See also: Barack Obama’s Big Book of Fairy Tales

The above collage has been nominated for 'Best Picture of the Year' in the category, 'Collage that depicts a true story' and I nominate the picture below for best picture of a dream that will come true...

Monday, December 26, 2011

Tis the season... A tad late but no use holding it for next year.

----- Original Message -----
From: link removed
To: undisclosed recipients
Sent: Monday, December 26, 2011 4:55 PM
Subject: "My Christmas Eve"

A tad late but no use holding it for next year.

Friday, December 23, 2011

Governor Deval Patrick Condones and Supports Islamic Terror plots against Americans

Tell me...Why is this guy (Deval Patrick) still the governor of Massachusetts?  From the evidence depicted in the video below a recall vote should have already occurred and the guy thrown out.  Are the people of Massachusetts that complacent that they don't know what the hell is going on right in front of their noses?  And why is Abdullah Faaruuq still employed by Northeastern University?  Helloooo!  ~ Norman E. Hooben

Raising Money for "Lady Al-Qaida"
The Investigative Project on Terrorism A Northeastern University Muslim chaplain, who also is a Roxbury, Mass. imam, hailed a terrorist convicted of attempting to murder Americans in Afghanistan as "brave," while painting the United States as an oppressive nation of infidels.
"They say that she took up a machine gun while they held her captive in the other room and was ready to attack her captives. What a brave woman she is," Abdullah Faaruuq said at a Dec. 8 fundraiser for Aafia Siddiqui.
Siddiqui, a Pakistani scientist also known as "Lady al-Qaida," is serving an 86-year prison sentence after being convicted of attempting to assault and murder American officers in Afghanistan. Prosecutors say she grabbed an Army officer's M-4 rifle and fired it at another officer and other members of a U.S. interview team at an Afghan police compound in July 2008. She was originally detained by Afghan officials who found in her possession notes about a "mass casualty attack" in the United States, along with a list of New York landmarks.
The fundraiser, "In Support of our Sister, Dr. Aafia Siddiqui," was held at the Islamic Center of Worcester. Speakers repeatedly cast her prosecution and conviction as unjust.
"What a brave woman she continues to be, and how much her bravery and her faith and her belief warrants our support at this time," said Faaruuq, an imam at Roxbury's Mosque for the Praising of Allah. "It is said that we're trying to raise $30,000 tonight. I would say it's better that we've raised your awareness and raised your ire, as your anger against a government who would level the charges that they have against this woman and they say she is guilty. I would say she's only guilty of defending herself."
In addition to lauding Siddiqui's "bravery," Faaruuq also condemned American soldiers, the very people who defend America, as "kafirs," meaning infidels.
"And if my mother was in the same place," he said, "she would have took (sic) her West Indian machete and cut her way through those kafirs."
He repeated an unsubstantiated claim that Siddiqui was abused while in custody. Muslims around the world are "cowering at the hand of the disbeliever," Faaruuq said, "and this one woman locked up deep down, possibly raped and abused, and they're saying that she was a terrorist, afraid of a 100-pound woman. And I say they call this the land of the free and the home of the brave. And I call it the land of the coward and the home of the slave."
The presiding judge who reviewed all the evidence saw things differently. U.S. District Judge Richard M. Berman said "significant incarceration" was called for because Siddiqui's acts were premeditated. In his sentencing, he also noted anti-American statements witnesses said were made by Siddiqui while firing on the soldiers, like "I want to kill Americans" and "Death to America."
It's not the first time Faaruuq has engaged in violent rhetoric while standing up for Siddiqui. Boston-based watchdog of radical Islamists Charles Jacobs wrote in October that Faaruuq sees cases like Siddiqui's as part of an effort to target Muslims in America. Muslims should "grab onto the gun and the sword, go out and do your job" in response, Faaruuq said.
Faaruuq also is advocating for Tarek Mehanna, on trial in Boston for conspiring to support terrorists and to kill Americans in a foreign country.
Also coming to Siddiqui's defense at the fundraiser was Imam Siraj Wahhaj of the Masjid Al-Taqwa mosque in Brooklyn, New York. Wahhaj has a history of defending convicted terrorists, listed as an unindicted co-conspirator and having served as a character witness for Omar Abdel-Rahman, the so-called "blind sheik," convicted of conspiring to bomb the World Trade Center in 1993.
While acknowledging that he knew little about Siddiqui's case, Wahhaj provided a long explanation of the American judicial system and highlighted its perceived flaws.
"How many people do you think are wrongfully convicted in the United States every year? About 10,000 people, 10,000."
After suggesting that Siddiqui might be one of the 10,000, he pledged $500 to her cause.
"But I will tell you this. I studied the case a little bit. I think that she innocent. And I think at least there is grounds, there's reasonable doubt. And by law, if there's reasonable doubt, you have to acquit."
The Muslim American Society also has supported Siddiqui, claiming her "conviction is seriously flawed and her kidnapping and detention is a grave violation of human rights and international law."

In other news...

Thursday, December 22, 2011

Maxine Waters Supports Defecation On American Flag and Police what else is new?

The following from: Bizzy Blog

Maxine Waters’ ‘That’s Life’ Reax to OWS Deaths, Violence, and Crime Ignored by AP, NYT

This one’s utterly predictable, but still needs to be noted.
As Edwin Mora at CNS News reported on Wednesday, California Congresswoman Maxine Waters, after a Congressional Progressive Caucus-sponsored event at the Capitol, “when asked to comment … about the deaths and crimes that have occurred around Occupy protests being held across the country, … said ‘that’s life and it happens.’” What’s also happened, or actually not happened, is that the Associated Press and the New York Times have failed to note what Waters said, as shown in the following search results on her first name at AP and on her full name (not in quotes) at the Times:
Well, at least they’re consistent. Three months ago, the press on the whole almost totally ignored Waters’ comment at a Congressional Black Caucus event that “The Tea Party can go to hell.” That would be the civil, hygienic, clean-up-after-themselves Tea Party.
Here’s a bit more of Mora’s CNS report:
When asked to comment Wednesday about the deaths and crimes that have occurred around Occupy protests being held across the country, Rep. Maxine Waters said “that’s life and it happens.”
“That’s a distraction from the goals of the protesters,” Waters, who says she supports the Occupy movement, told after an event at the Capitol sponsored by the Congressional Progressive Caucus.
… “Let me just say this: Anytime you have a gathering, homeless people are going to show up,” said Waters. “They will find some comfort in having some other people out on the streets with them. They’re looking for food. Often times, the criminal element will invade. That’s life and it happens, whether it’s with protesters or other efforts that go on in this country.
“So I’m not deterred in my support for them because of these negative kinds of things,” said Waters. “I just want them to work at doing the best job that they can do to bring attention to this economic crisis and the unfairness of the system at this time.”
… At the Occupy L.A. site—in the city where Rep. Waters’ congressional district is located—five people have been charged with crimes, according to the Los Angeles Times. These include a man who allegedly exposed himself and masturbated in the presence of children.
My, Ms. Waters is mighty tolerant of the people involved with causes she supports. But at least we know she supports the Occupy movement. Given her comments, she really owns it.

Islam Beheading...they teach 'em young!

Source: Bare Naked Islam  Warning! Extremely Graphic


Initiation into the Taliban starts early, in this case a 12-year old boy is being coached in the finer points of beheading. It takes him a while to saw through the head but notice the pride in his face when he finally holds up the severed head. What a future he has!

This video is more gruesome than most, primarily because of the tender age of the beheader. PLEASE DO NOT VIEW VIDEO IF YOU HAVE A WEAK STOMACH.


Wednesday, December 21, 2011

The True Message Of Christmas

----- Original Message -----
From: link removed
Sent: Wednesday, December 21, 2011 7:47 AM
Subject: Fw: The "W" in Christmas

Each December, I vowed to make Christmas a calm and peaceful experience.
I had cut back on nonessential obligations - extensive card writing,
endless baking, decorating, and even overspending.

Yet still, I found myself exhausted, unable to appreciate the
precious family moments, and of course, the true meaning of

My son, Nicholas, was in kindergarten that year. It was an exciting
season for a six year old.

For weeks, he'd been memorizing songs for his school's "Winter Pageant."
I didn't have the heart to tell him I'd be working the night of the production.

Unwilling to miss his shining moment, I spoke with his
teacher. She assured me there'd be a dress rehearsal the morning of the presentation.

All parents unable to attend that evening were welcome to come then.
Fortunately, Nicholas seemed happy with the compromise.  So, the morning of the dress rehearsal, I filed in ten minutes early, found a spot on the cafeteria floor and sat down. Around the room, I saw several other parents quietly scampering to their seats.
As I waited, the students were led into the room. Each class, accompanied by their teacher, sat cross-legon the floor. Then, each group, one by one, rose to perform their song.
Because the public school system had long stopped referring to the holiday as "Christmas," I didn't expect anything other than fun, commercial entertainment songs of reindeer, Santa Claus, snowflakes and good cheer.
So, when my son's class rose to sing, "Christmas Love," I was slightly taken aback by its bold title.
Nicholas was aglow, as were all of his classmates, adorned in fuzzy mittens, red sweaters, and bright snowcaps upon their heads.
Those in the front row- center stage - held up large letters, one by one, to spell out the title of the song.
As the class would sing "C is for Christmas," a child would hold up the letter C. Then, "H is for Happy," and on and on, until each child holding up his portion had presented the complete message, "Christmas Love."
The performance was going smoothly, until suddenly, we noticed her; a small, quiet, girl in the front row holding the letter "M" upside down - totally unaware her letter "M" appeared as a "W".
The audience of 1st through 6th graders snickered at this little one's mistake. But she had no idea they were laughing at her, so she stood tall, proudly holding her "W".
Although many teachers tried to shush the children, the laughter continued until the last letter was raised, and we all saw it together.
A hush came over the audience and eyes began to widen.
In that instant, we understood the reason we were there, why we celebrated the holiday in the first place, why even in the chaos, there was a purpose for our festivities.
For when the last letter was held high, the message read loud and clear:

"C H R I S T W A S L O V E"

And, WE believe, He still is.

Amazed in His presence... .humbled by His love.

Tuesday, December 20, 2011

Reminder...just a reminder (one of these days America is going to wake up)

↑ Added October 17, 2016 ↑

Running The UN Out Of Town...simply as calling your local sheriff (It can be done!)

Source: American Free Press
“that there is nothing that the UN or the New World Order boys or the feds want to shove down our otherwise healthy throats that we cannot stop at the county level with a constitutionally educated sheriff.”

Lawman Richard Mack Tells Sheriffs: You Can Fight NWO at County Level
By Pat Shannan
Sheriffs from all over America are being invited to gather on Jan. 30, 2012 in Las Vegas, Nevada, for what could be the most important meeting “since the Constitutional Convention of 1787,” according to Constitutional Sheriffs and Peace Officers Association (CSPOA) founder Richard Mack.
AFP recently spoke with Mack by cell phone as he zigzagged by car across Florida as a guest speaker for various groups.
As Americans push back with their tea party and occupy movements, screaming at the corruption of big banks and Wall Street, they still have not realized the rudimentary solution right in their own backyards, says CSPOA.
Mack is the former sheriff of Graham County, Ariz. who took the federal government under President Bill Clinton to the Supreme Court in the 1990s in a “David vs. Goliath” struggle that he won. His efforts stopped the Brady Bill from forcing all county sheriffs to do federal paperwork and conduct background checks on gun buyers. Now he is taking another giant step to educate some 2,000 county sheriffs across the nation who have been so numbed with bureaucratic propaganda many don’t even remember the meaning of their oaths of office or the rulebook they swore to follow.
“Your local sheriff needs to know,” Mack told AFP, “that there is nothing that the UN or the New World Order boys or the feds want to shove down our otherwise healthy throats that we cannot stop at the county level with a constitutionally educated sheriff.”
The goal, according to Mack, is to get 10 percent of all the sheriffs, or about 200, from around the nation on board for a free education. He figures that when 200 of them begin to behave constitutionally by telling federal agents not to step beyond their county boundaries and taking positive action to prevent it, much of the remaining majority will wake up.
Here is CSPOA’s plan: raise $200,000 to bring 200 county sheriffs to the Nevada conference at an average cost of $1,000 each. This may not be as high a mountain to scale as it sounds because many citizens are so anxious for their sheriffs to attend, they already have taken it upon themselves to send them. This has greatly lightened CSPOA’s load.
We are told that security will be tight and no employees from any federal agency will be allowed inside the meeting room. Anyone not endorsed and accompanied by a visiting sheriff will be turned away. However, any private citizen who wishes to pay $1,000 may sit in, as the money will be used to fund the expenses of another out-of-state sheriff.
“We have collected nearly $50,000 and need only $100,000 more because of the commitment of various county citizens who strongly want their sheriff to be there and are willing to raise the money locally,” said Mack. “This is what we need a few more counties to do.”
Raising only $1,000 for the good of one’s county is far easier than Mack’s effort of trying to raise $200,000 on his own, but he hasn’t slowed down.
There are 17 active sheriffs from 14 different states who sit on the board of directors of CSPOA, and many of them have admitted that they did not live up to their oaths of office until recently because they simply didn’t know any better. Many are angry and repentant.
Some who would be there cannot—such as former sheriff Melvin Holly of Latimer County, Okla. He is incarcerated in federal prison. Holly’s crime: He attempted to stop a drug-running operation in his county that was apparently federally sanctioned. His error? He didn’t stop investigating and ended up framed for multiple sex crimes he says never happened. Holly was then convicted after witnesses reportedly received payoffs for their deceitful testimony.
It is a growing problem that all sheriffs face because of the Fed’s ability to create unconstitutional money and the feds’ ability to pass unconstitutional statutes legalizing payoffs to witnesses in the event of a conviction. But almost no lawyers, let alone sheriffs, even knew that these statutes existed before AFP’s story alerted them last year. See AFP’s Aug. 16, 2010 edition (#33) for that article.
“The bottom line is that county sheriffs need to know that their power exceeds that of federal interlopers,” pointed out Mack. “Ultimately, he is the one who will decide what is and what is not enforced in the county. He has the authority and an oath-bound duty to interpose himself on the citizen’s behalf to protect you from all enemies, both foreign and domestic. But a large majority of these 2,000 sheriffs just don’t know it.”
Georgians got a dose of this power on Dec. 1 when Fulton County (Atlanta) sheriff’s deputies defied a court by refusing to evict bedridden Vita Lee, 104, and her 83- year-old daughter from their home of 53 years.
“We are not in trouble in this country because we follow the Constitution too closely,” Mack told AFP. “Just the opposite. But there is a way to get back to it, sheriff by sheriff, county by county.”
See for information on how you can help.
Pat Shannan is a contributing editor of American Free Press. He is also the author of several videos and books including One in a Million: An IRS Travesty, I Rode With Tupper and Everything They* Ever Told Me Was a Lie. All are available from FIRST AMENDMENT BOOKS. Call 1-888-699-NEWS toll free to charge.
Sheriff Richard Mack (left) ~ Storm'n Norm'n (right)

We were right! Obama did not get Osama bin laden

A number of us bloggers did not believe for a minute (not even a half a second!) that Obama had successfully assassinated Osama bin Laden.  There was so much prior proof that bin Laden was no longer in circulation from the faux video releases to the declaration from Benazir Bhutto (a reliable source...a least not a liar such as Obama) that when Obama could not come up with a simple photograph and the follow-up murders of any witnesses only the left wing media bragged about the falsity.  ...actually the right wing talk-show hosts even got it wrong! (including guys like O'Reilly and Shawn Hannity) .  Some of us wrote about it here (YouTube Video), here, and here.  The following video is just further proof that Obama lies! 

Monday, December 19, 2011

What is 'REALLY' needed in the White House...the next president should adhere to these points

Source: The Dr. Laurie Roth Show

There is not a presidential candidate that addresses the real problems or rather the root of our problems such as does Dr. Laurie Roth...and until such issues are confronted we will continue to decline as a nation.  I would advise Dr. Roth to add to her game plan such goals that would bring our country back to the ideals established by our Founding Fathers.  By this I mean, getting rid of (or disassociating ourselves from) certain organizations and NGO's (non-governmental organizations) that have too much influence over our elected officials such as the Pratt House (New York) and the Chatham House (London)...this translates into letting we the people run our government and not the politic elite.  Bringing up the UN's Agenda 21 is one area the average American needs to know and every candidate needs to be asked their position on this profoundly anti-American agenda.  ~  Norman E. Hooben

Dr. Laurie Roth for President? Outsider, fringe and impossible, or real ideas, real guts and completely possible

The national crisis and American challenge we face
We have a worldview clash with Barack Hussein Obama. He has come against the very history, core and backbone of our country, surrounded by his progressives and leftists. The far left manages to destroy all the good words that used to have meaning. Have you noticed? Gay is now homosexual and Progressivism sounds so enlightened. It makes you think that you are simply moving forward. In truth, it is the new, face lifted name for socialist/Marxist communism.
Obama has fought against capitalism, American independence and achievement by taking over huge chunks of the auto industry, forcing unconstitutional health care on the American people with threat of fines or worse, shutting down many coal plants, and imposing ridiculous regulations on power plants. He is thrilled our utility rates and cost of energy is sky rocketing.
He has sided with despots, such as Zelaya of Honduras, Chavez, Hamas, Muslim Brotherhood, Islam in general as he has insulted and maligned Christians, Israel and Tea Party conservatives. He started viciously attacking Americans from the first ‘accidental’ release of the Miac report from Homeland security back in Spring 2008 identifying pro second amendment, pro life, pro state and federal sovereignty, returning vets and other conservatives as potential domestic terrorists. The insults and slander has only sky rocketed from there.
Obama is wrong for America, Judeo Christian values and our constitution. He has apologized numerous times for our country, while telling Turkish parliament and others we aren’t even a Christian nation. In fact, in between bowing low to Saudi Kings he has said we were one of the largest Muslim nations on earth.
The real Obama and his motives are revealed in his own books, background and who he continues to surround himself with. From his ‘mysterious not to be known’ college days on we see him surrounding himself with Communists, on boards and making friends with William Ayers, former member of the Weather Underground terrorist group, intent on attacking, killing, controlling and transforming America into a Communist regime.
We have seen Obama surround himself with a multitude of czars who are radical leftists, some believing and writing about the wonders of abortion even after birth for toddlers, animals being able to sue people and writing of putting forced birth control in Americas water system so women can’t become pregnant.
We also have a President who has many members of the Islamic terrorist group, Muslim brotherhood working in high level positions under him and with Hillary Clinton. He has backed and supported Muslim Brotherhood instead of our long term Alley Hosni Mubarak of Egypt during the Arab Spring uprising. Mubarak was certainly not perfect but a faithful alley, friend and moderate Muslim with a long standing treaty with Israel. Now he is on trial, Muslim Brotherhood is winning the first round of elections, Coptic Christians are being murdered and Cathedrals are burning to the ground. Oh yeah….and Israel is being threatened, treaties and years of peace are in the process of being crushed.
There has been nothing ‘Arab Spring’ about the uprising throughout the Middle East. Instead it would be more accurate to call what is going on there ‘radical regime change.’ Libya, Tunisia, Egypt, Syria, are all leaning more radical, more Sharia, more dangerous to Israel and America. Obama must be thrilled. The Islamic Caliphate moves forward.
Obama has managed to extend with his czars his dictatorial reach and completely bypass congress. With czars now managing, manipulating and ruining vast amounts of America, Obama bypasses congress. With his illegal war in Libya he completely bypassed congress and got his direction from the UN. With his forced Health care bill he has created with the progressive left an entirely unconstitutional health care plan with threat of fines if we don’t obey. 26 states and 2 Federal judges have already ruled against this and now we wait upon the Supreme Court. Will they judge rightly and for the people or not? We shall see.
We are a nation under an aggressive attack from within. Our Senate recently voted to allow our military the right to pick up US citizens without charges on vague terrorist suspicions. They can detain us without trial indefinitely. At least 72 FEMA camps are being activated all across the country. Why? Obama is positioning for total control.
Other attacks against America
Obama is not the only danger fighting against America. Global elitism, environmentalism our moral collapse and distance from the Holy Bible is delivering all the other crushing blows that threaten to destroy us.
Sustainability, Agenda 21, Greens, obsessions with ‘carbon emissions’ and warming, are all fronts for Marxism and Communistic take overs. At their core, these groups don’t believe in land ownership, growing what we want and achieving. They want to reign us in, allow us only so much food, water and freedom. Some only want us to drive so far in our cars then find a way to make the car stop. ‘Smart Grid’ now is digitally tracking our use of power in our house. The Feds could turn off your power if you went over an amount they saw as ‘too much.’ Do you like the idea of the Feds telling you in the privacy of your own home, what your rate will be, how much heat, air conditioning and electricity you can use before you are turned off?
Who am I and what will I do if elected President
Undo and Correct the damage of Obama
I will work within my power as President to undo the following:
I will stand against and work to destroy the unconstitutional Health care bill.
I will come against any Federal support and push of environmentalism, Sustainability, Agenda 21, Cap and trade, land and environmental controls that threatens our freedom and business.
I will stop all Federal funding anywhere that supports and/or funds abortion and Planned Parenthood.
I will work within my power to undo the Start treaty that Obama signed with Russia, threatening the lead of our Nuclear program and ability to respond in kind if attacked.
I will restore and repair our relationship with Israel and stand against Hamas, Hesbola, Muslim Brotherhood and other radical Islamic sects with a history of attacks, threats and murder.
I will fire all Czars that Obama has appointed.
I will audit every department in the Federal Government and demand fiscal responsibility and accountability.
I will push for an outside audit of the Federal Reserve.
I will fight to reverse the Senate ruling that gave our Military the right to arrest and apprehend US citizens on vague terrorist charges, then hold them without charges and indefinitely. I will stop the activation of all FEMA camps.
I will stop the shutting down of Cole plants and overbearing regulations on Power plants.
What will I do while cleaning up the above nightmare and mess Obama has left us.
I will immediately craft a bill and get supporters to pass a 2% point of purchase tax and eradication of all Federal tax including income tax.
I will draw all leaders in all kinds of energy and develop bold plans to build infrastructure in all 50 states for oil, nuclear, natural gas, solar and alternative fuels. Once the 2% consumption tax is voted into law I will talk to the American people about our national wallet available to pay our bills. I will offer grants for energy infrastructure projects that will make us energy independent within 4 years and create millions of jobs.
I will put 20-50,000 National Guard troops on our borders to help secure them. I will also use satellite technology, fly overs, virtual and real fences to stop the illegal alien flow and drug trade.
I will bring our troops home from Libya which in my view is an illegal war and violation of the 1973 War powers act.
I will review critically Iraq and Afghanistan and work with our Generals and leaders to incrementally bring our troops home in a safe and systematic manner. We cannot turn victories into defeats.
I will get our country completely out of debt within 4 years.
There is much to fix and undo and much to do to make America a light on a hill again. We can do this together. With God all things are possible.
Join me and help me make this dream and miracle happen. Sign up as a volunteer. Offer a donation and spread the word.

Christmas For The Troops by Bob Hope

I saw the Bob Hope Christmas Show while stationed in Okinawa in the mid sixties.  Great show but I have to admit my attention was not drawn to Mr. Hope...Ann Margaret was much better looking! ~ Storm'n Norm'n

Moon photo by Norman E. Hooben

Sunday, December 18, 2011

60 Minutes conveniently left it out of its broadcast. (But that's what CBS does best!)

Source: News Busters
60 Minutes Broadcast Edits Out Laughable Obama Claima as 4th Best President
by P.J. Gladnick

George Washington was the father of our country.
Eh! No big deal. Barack Obama is least in his own mind. Such was the laughably absurd claim of President Obama on 60 Minutes last Sunday. What? You didn't see it? That was because 60 Minutes conveniently left it out of its broadcast. If you want to see Obama engage in this latest bit of over the top braggadocio you can only see it at the online 60 Minutes Overtime which has a video of the entire interview. You can catch Obama's excessive praise of himself at the tail end of the interview:

More from News Busters...

Obama was hand-picked and funded by Goldman Sachs

From the Amped Status Report
The evidence is now overwhelming. The United States government has facilitated the theft of trillions of dollars of national wealth and 99% of the US population no longer has political representation.
The Goldman Sachs Obama Illusion
We all seem to forget that President Barack “Business InternationalObama was hand-picked and funded by Goldman Sachs just before he sprung to popularity when he won the Iowa caucus. There is no question, these are some highly intelligent, mastermind criminals we are dealing with. Goldman Sachs knew a great communicator when they saw one. Obama is a masterful propagandist. I know many Democratic friends of mine get upset when their beloved Obama is implicated in all this. And I completely understand why a record-breaking number of people came out and gave him time they didn’t have and money they couldn’t afford, and worked tirelessly on his campaign, giving all to support the man who was going to bring change and economic justice. If he was working on the issues he campaigned on, I would be supportive too. However, the evidence is now clear and the jury is in, as I explained in more detail in my Financial Coup d-Etat [50] and Af-Pak War Racket [51] reports, Obama and Congress are the ones allowing this to happened and are absolutely vital in facilitating the greatest theft of wealth in history.
Read more here:
I: The Ongoing Theft of Trillions
II: Off-the-Books, Off-the-Record
III: Osama bin Bank of America
IV: New Mafia World Order
V: The Goldman Sachs Obama Illusion
VI: American Heroes Speak Out on the Financial Reform Ruse
VII: Economic Weapon of Mass Destruction (WMDs)
VIII: Hank “Pentagon Sachs” Paulson
IX: $5.4 Trillion a Year Bullion Market Ponzi Scheme
X: Ponzi Nation: Welcome to America, Sucker
XI: Economic Shock and Awe
XII: Time for a Second American Revolution – The 99% Movement
XIII: How You Can Get Involved

If confronted with this situation what would 'you' do?

Another amusing musing...

Tuesday, December 13, 2011

The USS ... What!

Never in a million years did I foresee the headline below but I suppose it comes with the change (as in 'Hope & Change') that has litterally transformed America as we know it.

Leftists run wild politicizing Navy

The Washington Times
The responsibility for naming U.S. warships has traditionally been left to the secretary of the Navy. That needs to change. President Obama's Navy secretary, Ray Mabus, has politicized the christening process to the point where some form of oversight is needed.

The Senate version of the 2012 National Defense Authorization Act includes an amendment proposed by Sen. Roy Blunt, Missouri Republican, to "require a report on the policies and practices ... for naming the vessels of the Navy." The measure would require the secretary of defense to submit a report to Congress detailing current Navy policies for ship naming, the extent to which they vary from historical practices, and an assessment of the feasibility of establishing fixed policies for naming ships.
The catalyst for the amendment was the announcement last spring that the newest supply ship in the Navy's inventory would be named after labor leader Cesar Chavez. This radical served briefly in the Navy after World War II but did not accomplish anything noteworthy while in uniform. His claim to fame was solely from organizing migrant laborers and agitating for the rights of illegal immigrants. Rep. Duncan Hunter, California Republican, said at the time that naming a ship after Chavez appeared to be "more about making a political statement than upholding the Navy's history and tradition."
The Lewis and Clark class of dry cargo/ammunition ships are named for explorers and pioneers, such as Richard E. Byrd, Amelia Earhart, or the namesakes of the class. On Mr. Mabus' watch, the namings have taken a decidedly political turn. In 2009, the Navy announced the naming of the USNS Medgar Evars after the civil-rights leader. Sen. Barbara Boxer, California Democrat, defended the practice as part of the Navy's "rich tradition," but naming ships after political activists began with the Obama administration.

Mr. Mabus was also wrong to name the amphibious ship LPD-26 after the late Rep. John P. Murtha, breaking with the tradition of naming San Antonio class ships after U.S. cities. Although Murtha was a Marine, he was criticized by veterans groups for calling the U.S. Marines facing charges for killing 24 Iraqis in Haditha, Iraq, in 2005 "cold blooded killers." Almost all the charges were later dropped. When Murtha died in 2010, an extensive federal corruption investigation was underway against him. His name is not fit to carry our heroes to war.
Mr. Blunt questions whether such ship namings were "an appropriate thing to do or even related much to the military" and it would be useful for the secretary of the Navy to "go beyond his own desk" to justify them. Responsible officials need to "think more carefully about who we are going to name our Navy vessels after," he said. America and our sea services deserve better. This measure is a useful first step to return balance to a process that has been sullied by politics.

© Copyright 2011 The Washington Times, LLC.

Saturday, December 10, 2011

Quote worth repeating...

"What has to happen before America see’s Obama for what he really is? Looking out the bared windows of Fema Camps will be to late. This president is forming a government within our government to totally undermine any and all who go aganist his policies. You will never believe what is coming down the pike for America. America is still asleep at the wheel and thinks were still ok. The Trojan horse is already empty and the Country is already over run with Soro’s creeps and Obamaites. Keep your powder dry, your going to need it. You may think you have no dog in this fight. But I assure you if you don’t fight you will be looking out the window of a Fema Camp in your state. Especially if your Republican."
 Source: Bare Naked Islam

Are you running on empty? Get your fill-up here...satisfaction guaranteed!

Source: TED ideas worth spreading

Friday, December 9, 2011

"If all this looks like sleight of hand, it is."

Source: Asia Times
Wall St likes your amnesia
By Ellen Brown

On November 27, Bloomberg News reported the results of its successful case to force the Federal Reserve to reveal the lending details of its 2008-09 bank bailout. [1] Bloomberg reported that by March 2009, the Fed had committed US$7.77 trillion in below-market loans and guarantees to rescuing the financial system; and that these nearly interest-free loans came without strings attached.

The Fed insisted that the loans were repaid and there have been no losses, but the Bloomberg report said the banks reaped a $13 billion windfall in profits; and "details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger."
The revelations provoked shock and outrage among commentators. But in a letter to the leaders of the House and Senate Committees focused on the financial services industry, Fed chairman Ben Bernanke responded on December 6 that the figures were greatly exaggerated. He said the loans were being double-counted: short-term loans rolled over from day to day were counted as separate cumulative loans rather than as a single extended loan.
Bloomberg was quick to rebut, denying any exaggerated claims. [2] But either way, the banks were clearly getting perks not available to the rest of us. As former congressman Alan Grayson observed in a December 5 editorial:
The main, if not the sole, qualification for getting help from the Fed was to have lost huge amounts of money. The Fed bailouts rewarded failure, and penalized success. ...

During all the time that the Fed was stuffing money into the pockets of failed banks, many Americans couldn't borrow a dime for a home, a car, or anything else. If the Fed had extended $26 trillion in credit to the American people instead of Wall Street, would there be 24 million Americans today who can't find a full-time job? [3]
All in the name of liquidity
It was all explained, said Grayson, with "the Fed's all-time favorite rationale for everything it does, 'increasing liquidity'." In 2008, bank liquidity dried up after Lehman Brothers collapsed, and the banks could not get the cheap, ready credit on which their lending scheme depends. The Fed then stepped in as "lender of last resort", doing what it had to do to keep the banking scheme going.

Left unexplained is why the banks' need for "liquidity" justifies such extraordinary measures. Why do banks need cheap and ready access to funds? Aren't they the lenders rather than the borrowers of funds? Don't they simply take in deposits and lend them out?

The answer is no. Today when banks make loans, they extend credit first, then fund the loans by borrowing from the cheapest available source. [4] If deposits are not available, they borrow from another bank, the money market, or the Federal Reserve.

Rather than loans being created from deposits, loans actually create deposits. They create deposits when checks are drawn on the borrower's account and deposited in another bank. The originating bank can then borrow these funds (or others created by the same process at another bank) at the Fed funds rate - currently a very low 0.25%. In effect, a bank can create money in the form of "bank credit", lend it to a customer at high interest, and borrow it back at very low interest, pocketing the difference as its profit.

If all this looks like sleight of hand, it is. The process has been compared to "check kiting," defined in Barron's Business Dictionary as:
[An] illegal scheme that establishes a false line of credit by the exchange of worthless checks between two banks. For instance, a check kiter might have empty checking accounts at two different banks, A and B. The kiter writes a check for $50,000 on the bank A account and deposits it in the bank B account. If the kiter has good credit at bank B, he will be able to draw funds against the deposited check before it clears, that is, is forwarded to bank A for payment and paid by bank A. Since the clearing process usually takes a few days, the kiter can use the $50,000 for a few days and then deposit it in the bank A account before the $50,000 check drawn on that account clears.
Setting things right
As suspicious as all this appears, the economy actually needs an expandable credit system, and an expandable credit system needs a lender of last resort. What is wrong with the current scheme is that it discriminates against Main Street in favor of Wall Street. Banks can borrow very cheaply, while individuals, corporations and governments pay "whatever the market will bear". The banker middlemen take their cut in a scheme in which money is actually manufactured in the process of lending it. The profits are siphoned off to the 1% at the expense of the 99%.

To fix the system, the profits need to be returned to the 99%. How that could be done was suggested by radio host and political commentator Thom Hartmann in a recent editorial:
Have the central bank owned by the US government and run by the Treasury Department, so all the profits ... go directly into the Treasury and you and I pay less in taxes... [6]
For a model on the local level, he pointed to the Bank of North Dakota:
The good people of North Dakota ... established something very much like this - the Bank of North Dakota - and it's kept the state in the black, and kept its farmers, manufacturers and students protected from the predations of New York banksters for nearly a century. It's time for every state to charter their own state bank, just like North Dakota did, and for the Treasury Department to either buy the Fed from the for-profit banks that own it, or simply nationalize it.
We have been distracted here and in Europe by a sudden panic over our "sovereign debt" crises, when the real crisis is that our debt is not sovereign. We are indentured to a Wall Street money machine that creates our money and lends it back to us at interest, money our sovereign government could be creating itself, with full democratic oversight and accountability to the people.

We have forgotten our roots, when the American colonists thrived on a system of money created by the people themselves, debt-free and interest-free. The continued dominance of the Wall Street money machine depends on that collective amnesia. The fact that this memory is surfacing again may be the machine's greatest threat - and our greatest hope as a nation.

1. Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress, Bloomberg News, November 28, 2011.
2. Bloomberg News Responds to Bernanke Criticism of U.S. Bank-Rescue Coverage, Bloomberg News, December 8, 2011.
3. The Fed Bailouts: Money for Nothing, Huffington Post, December 5, 2011.
4. Bank Management & Financial Services, McGraw-Hill/Irwin, 2009.
5. Loans Create Deposits -- how banks actually work,
6. $7.7 Trillion to Wall Street - Anything to Keep the Banksters Happy!,, December 3, 2011.

Ellen Brown is an attorney and president of the and

Thursday, December 8, 2011

Crimes Too Big To Comprehend

The following from: The Public Record

The Wall Street Pentagon Papers: Biggest Scam In World History Exposed: Are The Federal Reserve’s Crimes Too Big To Comprehend?

What if the greatest scam ever perpetrated was blatantly exposed, and the US media didn’t cover it? Does that mean the scam could keep going? That’s what we are about to find out.
I understand the importance of the new WikiLeaks documents. However, we must not let them distract us from the new information the Federal Reserve was forced to release. Even if WikiLeaks reveals documents from inside a large American bank, as huge as that could be, it will most likely pale in comparison to what we just found out from the one-time peek we got into the inner-workings of the Federal Reserve. This is the Wall Street equivalent of the Pentagon Papers.
I’ve written many reports detailing the crimes of Wall Street during this crisis. The level of fraud, from top to bottom, has been staggering. The lack of accountability and the complete disregard for the rule of law have made me and many of my colleagues extremely cynical and jaded when it comes to new evidence to pile on top of the mountain that we have already gathered. But we must not let our cynicism cloud our vision on the details within this new information.
Just when I thought the banksters couldn’t possibly shock me anymore… they did.
We were finally granted the honor and privilege of finding out the specifics, a limited one-time Federal Reserve view, of a secret taxpayer funded “backdoor bailout” by a small group of unelected bankers. This data release reveals “emergency lending programs” that doled out $12.3 TRILLION in taxpayer money – $3.3 trillion in liquidity, $9 trillion in “other financial arrangements.”
Wait, what? Did you say $12.3 TRILLION tax dollars were thrown around in secrecy by unelected bankers… and Congress didn’t know any of the details?
Yes. The Founding Fathers are rolling over in their graves. The original copy of the Constitution spontaneously burst into flames. The ghost of Tom Paine went running, stark raving mad screaming through the halls of Congress.
The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England… To the Fed’s foreign primary dealers like Credit Suisse (Switzerland), Deutsche Bank (Germany), Royal Bank of Scotland (U.K.), Barclays (U.K.), BNP Paribas (France)… All their Ponzi players were “gifted.” All the Racketeer Influenced and Corrupt Organizations got their cut.
Talk about the ransacking and burning of Rome! Sayonara American middle class…
If you still had any question as to whether or not the United States is now the world’s preeminent banana republic, the final verdict was just delivered and the decision was unanimous. The ayes have it.
Any fairytale notions that we are living in a nation built on the rule of law and of the global economy being based on free market principles has now been exposed as just that, a fairytale. This moment is equivalent to everyone in Vatican City being told, by the Pope, that God is dead.
I’ve been arguing for years that the market is rigged and that the major Wall Street firms are elaborate Ponzi schemes, as have many other people who built their beliefs on rational thought, reasoned logic and evidence. We already came to this conclusion by doing the research and connecting the dots. But now, even our strongest skeptics and the most ardent Wall Street supporters have it all laid out in front of them, on FEDERAL RESERVE SPREADSHEETS.
Even the Financial Times, which named Lloyd Blankfein its 2009 person of the year, reacted by reporting this: “The initial reactions were shock at the breadth of lending, particularly to foreign firms. But the details paint a bleaker and even more disturbing picture.”
Yes, the emperor doesn’t have any clothes. God is, indeed, dead. But, for the moment at least, the illusion continues to hold power. How is this possible?
To start with, as always, the US television “news” media (propaganda) networks just glossed over the whole thing – nothing to see here, just move along, back after a message from our sponsors… Other than that obvious reason, I’ve come to the realization that the Federal Reserve’s crimes are so big, so huge in scale, it is very hard for people to even wrap their head around it and comprehend what has happened here.
Think about it. In just this one peek we got at its operations, we learned that the Fed doled out $12.3 trillion in near-zero interest loans, without Congressional input.
The audacity and absurdity of it all is mind boggling…
Based on many conversations I’ve had with people, it seems that the average person doesn’t comprehend how much a trillion dollars is, let alone 12.3 trillion. You might as well just say 12.3 gazillion, because people don’t grasp a number that large, nor do they understand what would be possible if that money was used in other ways.
Can you imagine what we could do to restructure society with $12.3 trillion? Think about that…
People also can’t grasp the colossal crime committed because they keep hearing the word “loans.” People think of the loans they get. You borrow money, you pay it back with interest, no big deal.
That’s not what happened here. The Fed doled out $12.3 trillion in near-zero interest loans, using the American people as collateral, demanding nothing in return, other than a bunch of toxic assets in some cases. They only gave this money to a select group of insiders, at a time when very few had any money because all these same insiders and speculators crashed the system.
Do you get that? The very people most responsible for crashing the system, were then rewarded with trillions of our dollars. This gave that select group of insiders unlimited power to seize control of assets and have unprecedented leverage over almost everything within their economies – crony capitalism on steroids.
This was a hostile world takeover orchestrated through economic attacks by a very small group of unelected global bankers. They paralyzed the system, then were given the power to recreate it according to their own desires. No free market, no democracy of any kind. All done in secrecy. In the process, they gave themselves all-time record-breaking bonuses and impoverished tens of millions of people – they have put into motion a system that will inevitably collapse again and utterly destroy the very existence of what is left of an economic middle class.
That is not hyperbole. That is what happened.
We are talking about trillions of dollars secretly pumped into global banks, handpicked by a small select group of bankers themselves. All for the benefit of those bankers, and at the expense of everyone else. People can’t even comprehend what that means and the severe consequences that it entails, which we have only just begun to experience.
Let me sum it up for you: The American Dream is O-V-E-R.
Welcome to the neo-feudal-fascist state.
People throughout the world who keep using the dollar are either A) Part of the scam; B) Oblivious to reality; C) Believe that US military power will be able to maintain the value of an otherwise worthless currency; D) All of the above.
No matter which way you look at it, we are all in serious trouble!
If you are an elected official, (I know at least 17 of you subscribe to my newsletter) and you believe in the oath you took upon taking office, you must immediately demand a full audit of the Federal Reserve and have Ben Bernanke and the entire Federal Reserve Board detained. If you are not going to do that, you deserve to have the words “Irrelevant Puppet” tattooed across your forehead.
Yes, those are obviously strong words, but they are the truth.
The Global Banking Cartel has now been so blatantly exposed, you cannot possibly get away with pretending that we live in a nation of law based on the Constitution. The jig is up.
It’s been over two years now; does anyone still seriously not understand why we are in this crisis? Our economy has been looted and burnt to the ground due to the strategic, deliberate decisions made by a small group of unelected global bankers at the Federal Reserve. Do people really not get the connection here? I mean, H.E.L.L.O. Our country is run by an unelected Global Banking Cartel.
I am constantly haunted by a quote from Harry Overstreet, who wrote the following in his 1925 groundbreaking study Influencing Human Behavior: “Giving people the facts as a strategy of influence” has been a failure, “an enterprise fraught with a surprising amount of disappointment.”
This crisis overwhelmingly proves Overstreet’s thesis to be true. Nonetheless, we solider on…
Here’s a roundup of reports on this BernankeLeaks:
Prepare to enter the theater of the absurd…
I’ll start with Senator Bernie Sanders (I-Vermont). He was the senator who Bernanke blew off when he was asked for information on this heist during a congressional hearing. Sanders fought to get the amendment written into the financial “reform” bill that gave us this one-time peek into the Fed’s secret operations. (Remember, remember the 6th of May, HFT, flash crash and terrorism. “Hey, David, Homeland Security is on the phone! They want to ask you questions about some NYSE SLP program.”)
In an article entitled, “A Real Jaw-Dropper at the Federal Reserve,” Senator Sanders reveals some of the details:
At a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later… we have begun to lift the veil of secrecy at the Fed…
After years of stonewalling by the Fed, the American people are finally learning the incredible and jaw-dropping details of the Fed’s multi-trillion-dollar bailout of Wall Street and corporate America….
We have learned that the $700 billion Wall Street bailout… turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country.…
Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations including two European megabanks — Deutsche Bank and Credit Suisse — which were the largest beneficiaries of the Fed’s purchase of mortgage-backed securities….
Has the Federal Reserve of the United States become the central bank of the world?… [read Global Banking Cartel]
What this disclosure tells us, among many other things, is that despite this huge taxpayer bailout, the Fed did not make the appropriate demands on these institutions necessary to rebuild our economy and protect the needs of ordinary Americans….
What we are seeing is the incredible power of a small number of people who have incredible conflicts of interest getting incredible help from the taxpayers of this country while ignoring the needs of the people. [read more]
In an article entitled, “The Fed Lied About Wall Street,” Zach Carter sums it up this way:
The Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it… By denying the solvency crisis, major bank executives who had run their companies into the ground were allowed to keep their jobs, and shareholders who had placed bad bets on their firms were allowed to collect government largesse, as bloated bonuses began paying out soon after.
But the banks themselves still faced a capital shortage, and were only kept above those critical capital thresholds because federal regulators were willing to look the other way, letting banks account for obvious losses as if they were profitable assets.
So based on the Fed audit data, it’s hard to conclude that Fed Chairman Ben Bernanke was telling the truth when he told Congress on March 3, 2009, that there were no zombie banks in the United States.
“I don’t think that any major U.S. bank is currently a zombie institution,” Bernanke said.
As Bernanke spoke those words banks had been pledging junk bonds as collateral under Fed facilities for several months…
This is the heart of today’s foreclosure fraud crisis. Banks are foreclosing on untold numbers of families who have never missed a payment, because rushing to foreclosure generates lucrative fees for the banks, whatever the costs to families and investors. This is, in fact, far worse than what Paul Krugman predicted. Not only are zombie banks failing to support the economy, they are actively sabotaging it with fraud in order to make up for their capital shortages. Meanwhile, regulators are aggressively looking the other way.
The Fed had to fix liquidity in 2008. That was its job. But as major banks went insolvent, the Fed and Treasury had a responsibility to fix that solvency issue—even though that meant requiring shareholders and executives to live up to losses. Instead, as the Fed audit tells us, policymakers knowingly ignored the real problem, pushing losses onto the American middle class in the process.” [read more]
Even the Financial Times is jumping ship:
Sunlight Shows Cracks in Fed’s Rescue Story
It took two years, a hard-fought lawsuit, and an act of Congress, but finally… the Federal Reserve disclosed the details of its financial crisis lending programs. The initial reactions were shock at the breadth of lending, particularly to foreign firms. But the details paint a bleaker, earlier, and even more disturbing picture…. An even more troubling conclusion from the data is that… it is now apparent that the Fed took on far more risk, on less favorable terms, than most people have realized. [read more]
In true Fed fashion, they didn’t even fully comply with Congress. In a report entitled, “Fed Withholds Collateral Data for $885 Billion in Financial-Crisis Loans,” Bloomberg puts some icing on the cake:
For three of the Fed’s six emergency facilities, the central bank released information on groups of collateral it accepted by asset type and rating, without specifying individual securities. Among them was the Primary Dealer Credit Facility, created in March 2008 to provide loans to brokers as Bear Stearns Cos. collapsed.
“This is a half-step,” said former Atlanta Fed research director Robert Eisenbeis, chief monetary economist at Cumberland Advisors Inc. in Sarasota, Florida. “If you were going to audit the facilities, then would this enable you to do an audit? The answer is ‘No,’ you would have to go in and look at the individual amounts of collateral and how it was broken down to do that. And that is the spirit of what the requirements were in Dodd-Frank.” [read more]
See also:
Fed Data Dump Reveals More Contradictions About its $1.25 Trillion MBS Purchase Program

  • Fed Created Conflicts in Improvising $3.3 Trillion Financial System Rescue

  • Meet The 35 Foreign Banks That Got Bailed Out By The Fed

  • Ben Bernanke’s Secret Global Bank

  • Here’s the only person on US TV “news” who actually covers and understands any of this, enter Dylan Ratigan, with his guest Chris Whalen from Institutional Risk Analytics. This quote from Whalen sums it up well: “The folks at the Fed have become so corrupt, so captured by the banking industry… the Fed is there to support the speculators and they let the real economy go to hell.”

    The Progressive’s Matthew Rothschild has a good quote: “The financial bailout was a giant boondoggle, undemocratic and kleptocratic to its core.”
    Matt Stoller on NewDeal 2.0:
    End This Fed
    The Fed, and specifically the people who run it, are responsible for declining wages, for de-industrialization, for bubbles, and for the systemic corruption of American capital markets. The new financial blogosphere destroyed the Fed’s mythic stature…. With a loss of legitimacy comes a lack of public trust and a vulnerability to any form of critic. The Fed is now less respected than the IRS…. Liberals should stop their love affair with conservative technocratic myths of monetary independence, and cease seeing this Federal Reserve as a legitimate actor. At the very least, we need to begin noticing that these people do in fact run the country, and should not. [read more]
    In case anyone is confused into believing that this is just another right vs. left partisan issue, enter Fox Business host Judge Andrew Napolitano with his guest Republican Congressman Ron Paul, who is, of course, a longtime leading Fed critic. Paul hopes to see some Wikileaks on the Federal Reserve:

    The Sunlight Foundation shines a light on Bank of America and the Federal Reserve’s brother money manager BlackRock:
    Federal Reserve Loan Program Allowed Bank of America to Benefit Twice
    Bank of America was one of several banks that was able to play both sides of a Federal Reserve program launched during the 2008 financial crisis. While Bank of America was selling its assets to firms obtaining loans through the Fed program, the investment firm BlackRock—partially owned by Bank of America—was potentially turning a profit by using those loans to buy assets similar to those sold by Bank of America. [read more]
    Gretchen Morgenson at the New York Times jumps into the act:
    So That’s Where the Money Went
    How the truth shines through when you shed a little light on a subject….
    All of the emergency lending data released by the Fed are highly revealing, but why weren’t they made public much earlier? That’s a question that Walker F. Todd, a research fellow at the American Institute for Economic Research, is asking.
    Mr. Todd, a former assistant general counsel and research officer at the Federal Reserve Bank of Cleveland, said details about the Fed’s vast and various programs should have been available before the Dodd-Frank regulatory reform law was even written.
    “The Fed’s current set of powers and the shape of the Dodd-Frank bill over all might have looked quite different if this information had been made public during the debate on the bill,” he said. “Had these tables been out there, I think Congress would have either said no to emergency lending authority or if you get it, it’s going to be a much lower number — half a trillion dollars in the aggregate.” [read more]
    Welcome to the “global pawnshop:”
    The Fed Operates as a “global pawnshop:” $9 trillion to 18 financial institutions
    What the report shows is that the Fed operated as a global pawnshop taking in practically anything the banks had for collateral. What is even more disturbing is that the Federal Reserve did not enact any punitive charges to these borrowers so you had banks like Goldman Sachs utilizing the crisis to siphon off cheap collateral. The Fed is quick to point out that “taxpayers were fully protected” but mention little of the destruction they have caused to the US dollar. This is a hidden cost to Americans and it also didn’t help that they were the fuel that set off the biggest global housing bubble ever witnessed by humanity. [read more]
    “No strings attached.” Financial reporter Barry Grey unleashes the truth:
    Fed report lifts lid on Great Bank Heist of 2008-2009
    The banks and corporations that benefited were not even obliged to provide an account of what they did with the money. The entire purpose of the operation was to use public funds to cover the gambling losses of the American financial aristocracy, and create the conditions for the financiers and speculators to make even more money.
    All of the 21,000 transactions cited in the Fed documents―released under a provision included, over the Fed’s objections, in this year’s financial regulatory overhaul bill―were carried out in secret. The unelected central bank operated without any congressional mandate or oversight.
    The documents shed light on the greatest plundering of social resources in history. It was carried out under both the Republican Bush and Democratic Obama administrations. Those who organized the looting of the public treasury were long-time Wall Street insiders: men like Bush’s treasury secretary and former Goldman Sachs CEO Henry Paulson and the then-president of the New York Federal Reserve, Timothy Geithner….
    The Fed documents show that the US central bank enabled banks and corporations to offload their bad debts onto the Fed’s balance sheet. Now, in order to prevent a collapse of the dollar and a default by the US government, the American people are being told they must sacrifice to reduce the national debt and budget deficit.
    But as the vast sums make clear, the “sacrifice” being demanded of working people means their impoverishment―wage-cutting, mass unemployment, cuts in health care, Social Security, Medicare, Medicaid, etc.
    The very scale of the Fed bailout points to the scale of the financial crash and the criminality that fostered it…. The entire US capitalist economy rested on a huge Ponzi scheme that was bound to collapse…
    The banks were able to take the cheap cash from the Fed and lend it back to the government at double and quadruple the interest rates they were initially charged―pocketing many billions in the process….
    The ongoing saga of the looting of the economy by the financial elite puts the lie to the endless claims that “there is no money” for jobs, housing, education or health care. The ruling class is awash in money. [read more]
    More of this story (including videos and comments) here