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The True Disciple of Saul Alinsky by Patrick J. Buchanan… ~ (“What to do? Forget the deal. Walk away from the talks with Geithner. Pass an extension of the payroll tax cut, and send it to Harry Reid. Pass the Bush tax cuts, and send them to Harry Reid and say: “Harry, you are going to have to pass this extension of the tax cuts, or kill them, or send us a counteroffer. Do nothing, and you, not we, will take America over the cliff.”)
What to do?
Forget the deal. Walk away from the talks with Geithner. Pass an extension of the payroll tax cut, and send it to Harry Reid. Pass the Bush tax cuts, and send them to Harry Reid and say:
“Harry, you are going to have to pass this extension of the tax cuts, or kill them, or send us a counteroffer. Do nothing, and you, not we, will take America over the cliff.”
Prison Planet.com » Portugal raiding pension funds could be sign of things to come in U.S
There is a saying that epitomizes the dangers of surrendering too much of your independence: “Those who giveth can also taketh away.” With that in mind, it should come as no surprise that in Portugal – and, most likely, a number of other nations in the months and years to come – state-provided pension funds are no longer safe from the government’s all-powerful reach.
As the country continues to drown in a sea of red ink caused by generations of politicians pandering to generations of over-demanding citizens punch-drunk from too many trips to the public winery,the Portuguese Cabinet agreed this weekto transfer the assets from four of the country’s biggest banks to the government treasury, in order to “bridge” a yawning budget gap that threatens to bankrupt the nation.
Portuguese government officials “assured” the European Union that the transfer of the life savings of Portuguese citizens would only be a one-time occurrence, but in saying so they ignored the fact that, in 2010, they balanced the government’s books “by shifting three pension plans from Portugal Telecom on to the public social security system” and are liabilities that “don’t count yet.”
Some of the people’s advocates have already begun to speak out. “This can’t be seen as a future revenue stream in any way,” said Raoul Ruperal from Open Europe.
As bad as it sounds for Portugal – and raiding the retirement funds of millions of Portugueseisbad, that couldn’t happen in the U.S., right?
But it has already happened.
Kissinger: “Obama’s mission is to usher in a “New World Order” (via ~ BLOGGER.GUNNY.G.1984+ ~ (BLOG & EMAIL))
Prison Planet.com » Fed Preparing For US Default Says Plosser
That giant whooshing, and humming, sound you hear are all the printers at the basement of Marriner Eccles getting refills and start the warm up process. Because according to the Fed Charles Plosser the Federal Reserve is actively preparing for the possibility that the United States could default. Which can only mean one thing: an immediate paradrop of millions of $100 bricks to every man woman and child in the US since as we all know by know Tim Geithner has repeatedly confirmed the Treasury has absolutely no default plans. None.
via Prison Planet.com » Fed Preparing For US Default Says Plosser.
Taxpayers being played the fool by debt ceiling political farce and bank strong arm tactics
As the fury and venom flies over the debt ceiling, and now the GOP attempt to shove a Balanced Budget Constitutional Amendment thru as the price for their votes, it’s easy to see how the public is manipulated into mutual disdain and vicious ideological and class warfare by media and politicians. Dare I suggest that we – taxpayers of all political stripes and beliefs, no matter how far apart – are being played the fools big time? This should be abundantly clear by one simple and unavoidable fact… there is overwhelming bipartisan unity that if the debt ceiling is not raised, the US faces fiscal Armageddon.
If that’s the case, exactly what are the parties arguing? Because neither one is making a genuine case, or dent, for the reduction of spending, genuine entitlement reform, or increased revenue thru tax increase or a more capitalist/entrepreneurial friendly policy.
The fear mongering of Fed Chair, Bernanke, as well as Treasury Sec’y Geither and the WH are simply passing on the strong arm tactics of the nation’s largest financial institutions and their bankers.
“Any delay in making an interest or principal payment by Treasury even for a very short period of time would put the US Treasury and overall financial markets in uncharted territory and could trigger another catastrophic financial crisis,” said Matthew Zames, a JPMorgan executive, in a letter to Tim Geithner, the Treasury secretary, this week.
Mr Zames was writing as chairman of the Treasury Borrowing Advisory Committee, which includes some of the largest investors in US
You can read Zames’ letter to Geithner here, as reprinted in the NYTs last April.
Not banking on letters and media as the only devices to fight the good fight of a higher US credit limit, bank exec lobbyists and Wall Street executives have been meeting privately with the political elite for some time now, looking for assurances that no matter what the political posturing done, or whatever concessions are agreed upon, the debt ceiling will be raised for the negotiated price paid.
This lobbying, Whining… er… Wining and Dining includes a hefty amount of the 20 banks that could bring the US economy to it’s knees, in the event of a default.
Simply put, the omnipotent authorities of banks and investors are whispering threats of doom and gloom into the collective ears of the WH, Congress and the US Treasury that unless the nation’s credit card threshold is increased, interest rates will rise on T-notes, the fed’s credibility in the bond market will be shot and there would be a fire sale on US bonds, banks will fail, short term lending will disappear or become unaffordable, and the nation will spiral into a depression…
… that’s assuming there’s someone left that doesn’t think we’re not already spiraling around the toilet bowl flush to depression already.
And when the big banks whisper sweet nothings, the Congress listens.
(Excerpt) Read more at floppingaces.net…
via Taxpayers being played the fool by debt ceiling political farce and bank strong arm tactics.
While Cairo Burns, Obama Parties
Free RepublicBrowse · Search Pings · Mail News/ActivismTopics · Post ArticleSkip to comments.While Cairo Burns, Obama Partieswhitehousedossier.com via drudge ^ | January 30,2011 | Keith KofflerPosted on Sunday, January 30, 2011 5:12:16 PM by HojczykThe Washington A-List was out in force Saturday night at the farewell party for senior adviser David Axelrod, with a roster of guests featuring Cabinet secretaries, big shot journos and – President Obama.As revolution threatened to sweep Egypt and possibly other allies – with the horrifying prospect of Islamism replacing reliable friends – the president was on view partying with the IN crowd.The skepticism beyond the Beltway about whether Washington is just one big Love-In certainly gets fed by the sight – as conveyed by the press pool report – of reporters like ABC’s Jake Tapper, NBC’s Chuck Todd, National Journal’s Major Garrett, and John Harwood of CNBC and the New York Times emerging from a bash with the president that was held to toast his chief political fixer and leading spinmeister.I understand why reporters would do this – other than the admittedly pathetic notion that, gosh, it’s fun to party with the president of the United States! It is pretty good for building sources and getting inside dope. But man, it ain’t easy smacking the White House with tough stories all the time if you’re getting invited to their exclusive parties, now is it?Also on hand were Treasury Secretary Timothy Geithner, Education Secretary Arne Duncan, and Energy Secretary Steven Chu. The party was at the Washington residence of Linda Douglass, the former hard-hitting ABC reporter who dropped out of journalism to spin the health care bill out of the White House. She’s now a VP at Atlantic Media.So we have an official with a journalism outfit – Atlantic Media – HOSTING a party for the president and his consigliere.Mrs. Obama stayed home. Good for her. Maybe she was monitoring the situation in Egypt.
Mainstream Press Journalism of Appeasement, Corruption, Smoke and Mirrors…
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Why Did Tim Geithner Hold An Undisclosed Meeting With Jon Stewart Last April?(“This basically ends any debate about whether Stewart is a comedian or a newsman.”)
Last April, Tim Geithner held a secret, never-before-disclosed meeting with TV host Jon Stewart, according to Bloomberg, citing the Treasury Secretary‘s calendar.The reason, according to a Treasury spokesperson: “Jon Stewart is influential in America, so we took the opportunity for the two to meet and to discuss the economy.”
This basically ends any debate about whether Stewart is a comedian or a newsman. Presumably Geithner thought it important that Stewart be well-informed on aspects of policy, and Stewart felt the same way.
Excerpt Read more at businessinsider.com …
Kissinger: “Obama’s mission is to usher in a “New World Order”
The real story, which can only emerge through talk radio and alternative media, is that Geithner has very powerful political and financial connections, not only to the media but the banking interests and lobbies that try to orchestrate U.S. policy behind the scenes.”
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