Buckley Blog: Frank Buckley

MEMO TO AIG EXECUTIVES: Congratulations for Failing!


4:27 AM  March 16, 2009

On behalf of my fellow shareholders (the American taxpayer), I wanted to extend a hearty congratulations for a job well-done. Not for your performance as an executive at AIG, of course. As you know, your actions in the financial products division of the company drove the company into the ditch and caused American International Group to seek out more than $170 billion in bailout money from the federal reserve and Treasury. 

It's important you remain positive as we try to right this sinking ship. We want you to know how much we value your services--particularly when it comes to negotiating your own contracts. You found a way to work a deal that enriches you with $165 million in bonuses despite your incredible failures as an executive. We want to keep you! Job well done! 

We do apologize that Treasury Secretary Tim Geithner negotiated that nasty 50-percent cut in the $9.6 million in bonuses to the top 50 execs. (We tried to convince him that tying the rest to your performance might make your summer in the Hamptons a bit uncomfortable this year, but he just wouldn't listen!) But remember--we did preserve the $121 million in previously scheduled bonuses to the rest of the company's senior executives and the company's other 6,400 employees.

Keep up the good work AIG! Onward and upward! Here are some additional comments from other shareholders who no doubt share my excitement about your bonuses.

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I need to clarify an item in my previous post.

My use of 'homeless' is in no way derogatory.

During Vietnam I was a USMC sniper.

When I sit with a homeless guy and/or buy him a slice of pizza
they are grateful.

Other fellow vets may experience this but when I look into their eyes
they are deeper than usual. They have seen and done things that they
would not wish on anyone. I don't think they can even discuss it .
It is haunting beyond understanding.

Just wanted to clarify.




...and thank you AIG for opening a new storefront office here in Lakewood, CA.

Since I shop at the Ralphs supermarket next door and the parking spots in front of your chop-shop are always empty (?) I make it a mission to park in front of your place.
(consider that long sentence a variation of your small print).

Gosh, your employees are so young and well-dressed. At minimum wage they will only be able to buy a taco if they sign a loan with your miserable den of thieves.

Well, gotta' go shopping...parking is so easy.
Don't tell anyone but for this Halloween I'll be sitting in front of your joint dressed as a homeless man who has not bathed or shave in weeks.

Have a happy youth and a miserable adulthood.





Excellent article. I think I read somewhere about how government intervention was not solving the problem:

"Additionally, Mr. Greenberg said billions in government funds should not have been paid to AIG's counterparties; giving other financial firms guarantees would've been a better option.

"These cash payments to [credit-default swap] counterparties should never have occurred," Mr. Greenberg said. "It would have been more beneficial for the American taxpayer if the federal government had walled off AIG Financial Products...and provided guarantees to AIGFP's counterparties rather than putting up billions of dollars in cash collateral to those counterparties."

Jozielee - thank you for bringing to our attention how government should NOT be bailing out companies. Free enterprise!

-m




From WALL STREET JOURNAL

Senators are grilling former AIG chief executive Maurice "Hank" Greenberg, who was forced out of the company in 2005. The senators want answers and advice.

Greenberg says the government should drastically reduce their financial involvement and replace Liddy with someone who possesses more related experience.

"AIG Rescue Has Failed, Greenberg Tells Lawmakers"
http://online.wsj.com/article/SB123867812627882317.html




According to Reuters

U.S. Private Sector Cuts 742,000 Jobs in March

Wednesday, April 1, 2009 7:51 AM

NEW YORK -- Job losses in the U.S. private sector accelerated in March, more than economists' expectations, according to a report by ADP Employer Services on Wednesday.


Private employers cut jobs by a record 742,000 in March versus a 706,000 revised cut in February that was originally reported at 697,000 jobs, said ADP, which has been carrying out the survey since 2001.


The big drop foreshadows a huge decline in the non-farm payroll reading in the government's employment report that will be released on Friday, some analysts said.


"It's a terrible number. It is almost a loss of three quarters of a million jobs which is possibly the highest we have seen so far over the length of this crisis," said Matt Esteve, foreign exchange trader with Tempus Consulting in Washington.


U.S. stock futures and the dollar fell after news of the bigger-than-expected job losses, while U.S. Treasury bonds regained some of their lost ground.


Economists had expected 655,000 private-sector job cuts in March in the ADP report, according to a recent Reuters poll.




Shazam, Paul, Frank was on vacation. See new blog. LOL




Jozie wrote:

"Begin to worry? I'd say taking down a blog is a declaration. Why would Frank go, unless he was offered a better position? Could we begrudge him advancing his career? He's probably just on vacation."

I wouldin't begrudge Frank for making a move. We have to do what is best for us in that case. It's the acting like the person was never there that gets me. Like they did with Marco. But that happens in radio all the time. I just think it's rude to the viewers.




PAUL WROTE: "I would begin to worry if his blog is taken down like Marco's."

Begin to worry? I'd say taking down a blog is a declaration. Why would Frank go, unless he was offered a better position? Could we begrudge him advancing his career? He's probably just on vacation.




Craig wrote:

"Off Topic - But Where is Frank? On Vacation, I Hope? If this is more CW(WB) strategy - then they might finally be losing my wife and I to Ch. 11.

Please save us by saying he is just on vacation and that KTLA didn't jettison Frank(The one sensible level headed one in studio) and leave all the other "so-called personalities" stay including "Disney Channel begging" Sam Rubin and "Game Show host" Mark! That would be the last straw!!"

Thank God, something here is off topic here.

Craig, I can't find anything about Frank being let go or replaced. He may be sick or on vacation. I hope he returns. I would begin to worry if his blog is taken down like Marco's.




The MONEY MA$TER$~How Intl Bankers Gained Control Of America

http://video.google.com/videoplay?docid=-515319560256183936




The Stock Market Is Totally Manipulated

George Green has been warning about this Plung Protection scam for a long time...

http://www.youtube.com/watch?v=zZj9HQCqIGo

February 07, 2009 - Geithner ducks questions at the PPT ‘plunge protection team’ - While Timothy Geithner leads the President's Working Group on Financial Markets ( aka the plunge protection team ), he mentions that this economic crisis is an opportunity to change things, And he tells us that the big change to come will prevent such crisis to ever happen again, This sounds just like the 1913 propaganda that the creation of the federal reserve would stop futur economic crisis.

What it did, is give more centralized power into fewer hands.


http://www.youtube.com/watch?v=muFred6WzTY
November 05, 2007 Plunge Protection Team

The Plunge Protection Team Explained


http://www.marketoracle.co.uk/images/2008/the-plunge-protection-team-ppt.jpg


http://www.marketoracle.co.uk/Article4074.html

http://www.youtube.com/watch?v=X06kz9dzXho

Watch how multiple CNBC hosts attack Scott Nations, Fortress Trading, who suggests that the Plunge Protection Team actually intervenes in financial markets. That was the whole reason this group was created.
Watch how they tag-team him to attempt to discredit him and associate him with the people who think the WTC towers were rigged with explosives Me thinks thou dost protest too much! In the end, CNBC senior economist Steve Liesman admits they have the power to do this, then quickly moves on http://mediamonarchy.blogspot.com/2008/11/video-cnbc-plunge-protection-team.html


12 May, 2004 Reply with quoteBack to top
THE 4 DERIVATIVE U.S. DICTATORS:
SECRETS OF THE PLUNGE PROTECTION TEAM

There are just four people who control all of the U.S. markets through their use of dangerous and explosive DERIVATIVES. They are risking the assets and retirement funds of all Americans. Because of their manipulations, especially since 2001, U.S. financial markets are now based on the gambling whims of a special fraternity of Federal Government DERIVATIVE dealers.

This group is known among Wall Street as the Plunge Protection Team (PPT). Their "official" role was to prevent another 1987 "Black Monday". They have the entire U.S. Treasury at their disposal to manipulate the markets through DERIVATIVES (futures options). In other words, they are using the assets behind the U.S. Treasury to rig the prices of commodites (gold, currencies, etc.) and stocks.

This fraternity comprises of Fed Chairman Alan Greenspan, the Secretary of the Treasury, and the heads of the SEC and the Commodity Futures Trading Association. It works closely with all the U.S. exchanges and Wall Street banks, including the largest DERIVATIVE risk holders Citibank and JP Morgan Chase.

Few people are aware of Executive Order 12631 signed by Ronald Reagan on March 18, 1988. In a nut shell, this is the "authority" behind the four dictators and the [sic] "laws" and "regulations" that have backed their casino-style DERIVATIVE gambling spree since 2001. Here are some highlights of this Executive Order to ponder:

Executive Order 12631 - Working Group on Financial Markets - Mar. 18, 1988; 53 FR 9421, 3 CFR, 1988 Comp., p. 559.

"By virtue of the authority vested in me as President by the Constitution and laws of the United States of America, and in order to establish a Working Group on Financial Markets, it is hereby ordered as follows:

Section 1. Establishment. (a) There is hereby established a Working Group on Financial Markets (Working Group). The Working Group shall be composed of:

(1) the Secretary of the Treasury, or his designee;
(2) the Chairman of the Board of Governors of the Federal Reserve System, or his designee;
(3) the Chairman of the Securities and Exchange Commission, or his designee; and
(4) the Chairman of the Commodity Futures Trading Commission, or her designee.

Section 2. Purposes and Functions. (a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:

(2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.

(b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.

Section 3. Administration. (c) To the extent permitted by law and subject to the availability of funds therefore, the Department of the Treasury shall provide the Working Group with such administrative and support services as may be necessary for the performance of its functions."

Get out of the markets before the inflated DERIVATIVE bubble bursts

The pre-911 U.S. markets showed an astounding - yet confounding and puzzling - rise for the 4 months proceeding 911. The U.S. media dubbed it a "patriotic rally". The European Press called it a "PPT [Plunge Protection Team] rally". Obviously, the U.S. markets were manipulated and rigged to an inflated value in advance of the 911 disaster. Was this a coordinated measure in anticipation of what was to come? Only The Powers That Be can answer that question directly.

Since 911, there have been at least three major long-term stock market rallies. In all 3 instances, when the markets opened all the indexes began to quickly plunge. In each incidence, by early afternoon the markets were brought back from the brink of collapse to the surprise of everyone, including historical analysts.

An event that should have sent markets spiraling downward was the Enron, et al, unprecedented corporate accounting scandals. Yet despite this, an unprecedented accross-the-board markets rally began on July 24, 2002. Once again, the European Press called it a "PPT rally".

Outside the U.S., it's no secret who is behind these secretive "no-name" purchases of high risk DERIVATIVE gambling wagers:

On September 16th, 2001, The Guardian reported "that a secretive committee... dubbed 'the plunge protection team'... is ready to coordinate intervention by the Federal Reserve on an unprecedented scale. The Fed, supported by the banks, will buy equities from mutual funds and other institutional sellers... "

On Feb 21, 2002, the Financial Times featured an article about Japan's Stock Buying Body. The article stated that "...government backed equity markets, as Japan has recently become aware, do not work... Plunge protecting the world's markets may be a hazardous pursuit."

In each of these occurances, a large "no-name" buyer in the futures market secretly plunged in and bought up massive quantities of DERIVATIVES through banking groups such as JP Morgan. These were completely reckless gambling bets that the futures index [S&P] would rise even though it was obvious that it was going to fall. Because such a large amount of money was wagered on the S&P's rise, in each instance, it reversed the market's free-fall.

At the Federal Open Market Committee meeting on Jan 29-30, 2002, the Federal Reserve System (Greenspan) openly discussed the use of "unconventional methods" to stimulate the economy. Recently, the Financial Times of London quoted an anonymous U.S. Fed official who stated that one of the extraordinary measures "considered" in January 2004 was "buying U.S. equities".

These gambling interventions by the "Four Financial Dictators" have successfully brought the markets back each time... despite the inflated financial realities that existed. The purchase of these gambling DERIVATIVES at a great loss have transformed each market crisis into a rally. By manipulating the markets in this way, they have further inflated the highly overvalued market indexes.

Perhaps Americans can now understand why the major U.S. banks, such as JP Morgan, are holding TRILLIONS of gambling derivatives on their books as the PPT group of four use them to rig the markets. Sooner or later, these market "fixes" will no longer hold the bubble from bursting.

Thus, we have witnessed the creation and growth of the financial bubble that is on the brink of explosion... and we know who rigs and controls the markets to create this inflated bubble of gambling debt.

Paper Stocks Rise as Metals Loose - PTT Rigging is Obvious

In the same motus opperandi, the PPT group of 4 are currently buying metals futures (DERIVATIVES) in great amounts on the New York and Chicago exchanges. For the past two weeks, they have created a loss in silver and gold indexes by purchasing (at U.S. taxpayer's expense) large gambling bets (derivatives) against the true value of intrinsic metals.

The result is that they have rigged the value of metals to discourage investors from purchasing gold and silver instead of U.S. Federal Reserve Notes. This is a measure by the PPT to plug a large hole in the bursting dam of the financial bubble, but even Hans Brinker cannot stop this leak.

The bottom line? Stick with history and prepare for the financial explosion. When the bubble deflates and pops, economic deflation will control our daily lives. The PPT cannot continue to spend what it doesn't have. The retirement funds they are "borrowing" from are already exhausted. Get yourself some gold and silver... it will buy your bread to survive in the coming future... while paper Federal Reserve Notes will burn in your furnace to heat your homes.





Our current currency violates American law..

The Supreme law of the land the US Constitution in Article I, Section 10 states that only Gold and Silver Coin shall be a tender in the payment of debts.

And from US Code
TITLE 31 > SUBTITLE IV > CHAPTER 51 > SUBCHAPTER II > § 5112

Denominations, specifications, and design of coins

(e) Notwithstanding any other provision of law, the Secretary shall mint and issue, in quantities sufficient to meet public demand, coins which—
(1) are 40.6 millimeters in diameter and weigh 31.103 grams;
(2) contain .999 fine silver;
(3) have a design—
(A) symbolic of Liberty on the obverse side; and
(B) of an eagle on the reverse side;

What is a Dollar?

2. It weighs four hundred and twelve and a half
grains. Of one thousand parts, nine hundred
are of pure silver and one hundred of alloy.
Act Of January 18, 1837, §§. 8 & 9, 4 Sharsw.
Cont. of Story's L.U.S. 2523, 4; Wright, R. 162.
31 U.S.C.A. § 371.


None of our paper money or our coins obey Title 31 of the US Code as to what it states is a dollar..


Our economy is tied to the Dollar and if the country can't obey it own laws as to what is a dollar then there is no wonder why the economy is in the bad straights that it is...




Off Topic - But Where is Frank? On Vacation, I Hope? If this is more CW(WB) strategy - then they might finally be losing my wife and I to Ch. 11.

Please save us by saying he is just on vacation and that KTLA didn't jettison Frank(The one sensible level headed one in studio) and leave all the other "so-called personalities" stay including "Disney Channel begging" Sam Rubin and "Game Show host" Mark! That would be the last straw!!




Call the White House comment line at 202.456.1111

Congressional Switchboard at 202.224.3121




SAVE THE DOLLAR !!!!!
It is important.
Jared could you post some links to where letters should be sent?





Treasury Secretary Timothy Geithner flip flops on global currency...suprise,suprise

Geithner

In a near complete reversal of his comments on Tuesday, when he told a Congressional hearing that there were no plans to move towards a global currency to supplant the dollar, Treasury Secretary Timothy Geithner sought to please the elitist CFR by assuring them that he was “open” to the notion of a new global currency system.

Geithner’s two-faced reversal is another shining example of how much contempt Obama administration front men have for the American people - assuring them one day that the dollar will remain while the next pandering to their globalist puppet masters the CFR as the move towards a global monetary union accelerates.

As we reported yesterday, Obama, Geithner and Bernanke on Tuesday publicly defended the dollar and denounced proposals by China and Russia to supplant the greenback with a new global currency, and yet the very policies of the Obama administration, the Treasury and the Federal Reserve are creating the perfect storm for the dollar’s death and its replacement with a new international reserve currency.

“Would you categorically renounce the United States moving away from the dollar and going to a global currency as suggested by China?” a lawmaker asked Treasury Secretary Geithner on Tuesday.

Geithner immediately responded, “I would.”

However, just a day later, Geithner told the CFR in a speech that he was “open” to the Chinese proposal to replace the dollar with a new international reserve system.

In response, “The dollar fell 1.3 per cent against the euro as headlines saying “Geithner open to SDR currency” flashed across traders’ screens,” reports the Financial Times.

“I haven’t read the governor’s proposal. He’s a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue,” said Geithner, before adding, “We’re actually quite open to that suggestion – you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union.”

However, any move away from the dollar and towards an international reserve system, including the use of “special drawing rights” – a synthetic multinational currency maintained by the IMF, cannot be defined as anything other than a move towards a global monetary union.

The continued use of the dollar as a reserve currency, he added, “depends..on how effective we are in the United States…at getting our fiscal system back to the point where people judge it as sustainable over time.”

By that standard then, the dollar is a dead duck.

The moderator of the CFR forum later gave Geithner a chance to reverse his comments, nervously sensing that he’d let the cat out of the bag.

Geithner’s comments to the CFR are noteworthy because the CFR itself has constantly lobbied for the end of the dollar and its replacement with a new global currency as part of a wider agenda to establish global governance.

In May 2007, Benn Steil, the director of international economics at the Council on Foreign Relations wrote an article for the CFR’s influential Foreign Affairs magazine entitled The End of National Currency, in which he wrote that, “the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.”

Steil wrote that “countries should abandon monetary nationalism” and “produce a new multinational currency over a comparably large and economically diversified area.” In the article, he argues that unneeded currencies should first be replaced by the dollar or the euro, but that even these currencies were just a temporary solution for an ultimate goal of a world monetary union. World Net Daily featured Steil’s comments in a piece entitled Goodbye U.S. dollar, hello global currency.

Paul Volcker, former Fed Chairman, has also called for a world monetary union, famously stating, “A global economy requires a global currency.”

Volcker’s replacement Alan Greenspan has also badmouthed the dollar’s position as the world reserve currency, arguing that it should be replaced by the euro and also encouraging Arab countries to abandon their dollar pegs, which would be disastrous for the greenback.

Groups like the Single Global Currency Union have also received support from NGO’s and other influential policymakers in the pursuit of creating a global currency as part of a wider agenda to implement “global governance”.

In addition, White House economic adviser Austan Goolsbee refused to rule out the introduction of a global currency in an interview with CNN’s Wolf Blitzer earlier this week.

Treasury Secretary Geithner has played a leading role in the wholesale looting of the greenback, announcing this week that the printing presses will be cranked to the tune of at least another \$1 trillion to buy more “toxic assets” from the sagging balance sheets of failing institutions - again, all at the expense of the taxpayer who will pay for it with rampant tax hikes and runaway inflation on fuel and food later down the road.

Geithner’s double-dealings are nothing less than traitorous. While publicly downplaying the demise of the dollar and the birth of a global currency, his every action is greasing the skids for that very scenario to unfold. In the meantime, he’s careful to assure the anti-American fifth column Council on Foreign Relations, who have vehemently lobbied for a global currency, that the agenda for a world monetary union, a key cog in the pursuit of world government, is right on track.




the President says one thing Geithner says another


US backing for world currency stuns markets
US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

http://www.telegraph.co.uk/finance/economics/5050407/US-backing-for-world-currency-stuns-markets.html




Re: global currency

The question came up during the president's March 24th Press Conference.

Asked between Garrett from Fox News and Allen from Politico:

"QUESTION: (OFF-MIKE) global currency?

"OBAMA: I don't believe that there's a need for a global currency."

If I recall correctly the president's answer was sharp and crisp. He quickly took the next question seemingly not wanting to dwell on global currency.

TRANSCRIPT
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/24/AR2009032403036.html





U.N. CALLS FOR COUNTRIES TO DUMP THE DOLLAR!

http://www.youtube.com/watch?v=5pYJhLyAdpU




Thanks for the Schriff link, Jared. Interesting POV





Peter Schiff on MSNBC Morning Joe March 25, 2009

http://www.youtube.com/watch?v=AxemEcv6G5w




Paul,
Thats all i can ask of you.

hey check this out it could help the planet errr or do I mean humans living here.http://www.gizmag.com/lithium-ion-battery-breakthrough-mit/11244/




Forrest,

I hear what your saying and will take it under consideration. But I make no promises.




Jared,
go to Franks Stem cell March 9th blog I left you the links to Glyconutrients there you will enjoy its a great new science.

Paul,
My new BFF please stop with all this polarization stuff. Leave that to Rush, Ann and Bill. Ok? I mean thats how we started fighting anyway. We can ALL dislike the woman and what she stands for without hating all Jews, Christians,Islamics, Atheists etc. (a persons subscribed to organized group promulgating their ideological belief system)..... oh I mean Republicans. It makes for a hostile environment unable to support a healthful life experience. Be the modern Prophet lead the disbelievers to the righteous life. Get out that spoon full O' sugar .... dat spoon dat spoon dat spoooon full. no hostility




Sean wrote:

"I'm with Dan though - I wouldn't support anything that Michele Bachmann endorses...N O T H I N G!"

Count me in, I don't care for her either, after all she's a republican. And as such can't be trusted with affairs of this country. Like Sarah Palin. Just another right wing pitbull with lipstick on.




My understanding is that the contracts for those bonuses were signed when Bush was still President. Back with the previous CEO of AIG. No one read the budget bill on either side of Party Lines. "It was too much to read". The Democrats who supported the Bailout felt there was no legal way around the bonuses since the contracts were signed before Obama even took office!
We're not missing the point Jared...WE GET THE POINT.
It's just some of us don't support the majority of the names on that list you posted and that is OUR right as Dan put it. Don't get upset because we won't allow you to control our thinking or who we should or shouldn't support. Obviously by the lack of response, you are the only one who seems to support that bill! I'm with Dan though - I wouldn't support anything that Michele Bachmann endorses...N O T H I N G!




I watch your morning show and love the chemistry between all the anchors. Gail, Eric and all the folks that go out in the field are funny, informative, opinionated and I love listening to Aunt Gail. Keep up the good work, you guys deserve a big bonus.




back to AIG


The point that everyone is missing…

Tim Geithner, All of Congress AND Obama ALL signed the Bill allowing the AIG Retention Bonuses to go through. The Language was IN the Document when they slapped their Herbie Hancock's on it. Didn't anyone read it before signing it?

That's why no-one will stand-up and take Responsibility.

The buck has to stop with the president he is to either sign into law, as he did or veto. This would mean that he would need to know what he is signing....


just a thought...


wadada




So believe as I do or damned with you for not seeing my way is the only right way, kind of? Don't think for yourself and follow your own instincts or feelings. Interesting. No thanks!




Dan

As Rasta we fight against Babylon and the FED is part of Babylon we can't support anyone who supports Babylon!!!

Chant Down Babylon * Bob Marley / Culture

http://www.youtube.com/watch?v=SjvLSNvpQvY

Babylon is an important Rastafarian term, referring to the white patriarchy that has been oppressing the black race for centuries through economic and physical slavery. Rastafarianism is defiance of Babylon.
I and I is a complex term, referring to the oneness of Jah (God) and every human. Rastafarian scholar E. E. Cashmore: "I and I is an expression to totalize the concept of oneness, the oneness of two persons. So God is within all of us and we're one people in fact. I and I means that God is in all men. The bond of Ras Tafari is the bond of God, of man. But man itself needs a head and the head of man is His Imperial Majesty Haile Selassie I of Ethiopia." The term is often used in place of "you and I" or "we" among Rastafarians, implying that both persons are united under the love of Jah.




Wow Jared, I'm sorry you take my opinion so personally. What power you give me, I guess I should feel honored! Thank you, and I still send you love even though "NO wadada for Dan.."
I do have to say I'm a little disappointed in your Rastafari Religion though to not allow someone to believe different than you. I expected so much more. I guess life is full of disappointments though, right?




Dan

The Bill is not about supporting the one's who sponsor the Bill, the Bill is about Auditing the FED who is making debt slaves of us ALL!!!..

You mean to say you would rather have the FED bankrupt the country rather then have transparency of the FED?...


Dan with you deserve the country you get then!!!!


NO wadada for Dan..





"Michele Bachmann: I Want People "Armed And Dangerous" Over Obama Tax Plan"

Sorry, Jared, I stand by my statement. I will not support anything with Michele Bachmann's endorsement. I don't care what it says in the bill!
There's several other Republican's on that list of those who endorse it too, that I don't agree with their opinions and politics.
There may be valid ideas in that bill, in your mind - I'm sorry I won't even give it one minute of my precious time to read it since that woman's name is on it as an endorsement.
Her comment above borders on a treasonous statement, and I think she is a very dangerous person in politics! I'm sorry if you don't like my opinion on the matter, but I am entitled to my opinion!




ABC News: Gerald Celente Greatest Depression starts in 9 mos

http://www.youtube.com/watch?v=Q2qDW34Fr64

As the U.S. economy continues to show no signs of improvement, Rapaport News anchor Jeff Miller talks with Gerald Celente --founder of The Trends Research Institute -- to hash out what the group believes is in store for the diamond jewelry and retail sector in coming quarters. This is the first of two parts. Be sure to weigh in on the discussion and submit your thoughts. Anchored by Zach Helke.

Celente is described as the "Martial Artist of Trend Forecasting" for his insight and direction "in anticipation of what the future may bring – and to be prepared for the unexpected." According to his website, Celente well understands the importance of proacting rather than reacting: "The first rule of close combat is to attack the attacker. Action is faster than reaction. The same holds true for the future. You know the future is coming … attack it before it attacks you." Celente founded The Trends Research Institute in 1980 and is an author of three bestsellers and publisher of the internationally circulated Trends Journal newsletter. He considers himself a political atheist, and observes and analyzes current events forming future trends for what they are – not for the way he wants them to be.


Celente developed the Globalnomic® Trend Forecaster, using his unique perspectives on current events, and the Globalnomic® methodology is used to identify, track, forecast and manage trends. He covers 300 diversified trends fields and Trends Research Institute provides research studies and consulting services to businesses and governments worldwide.


http://geraldcelentechannel.blogspot.com/




Ron Paul Addresses and Questions Ben Bernanke in Congressional Hearing - March 24, 2009

http://www.youtube.com/watch?v=GU7rpA3kOkg




Dan

Have you read HR 1207?

Read the Bill first before you choose not to support!!

What is wrong with this Dan, to Audit the FED who has never been audited by Congress...

111th CONGRESS
1st Session


H. R. 1207

To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.


--------------------------------------------------------------------------------


IN THE HOUSE OF REPRESENTATIVES

February 26, 2009


Mr. Paul (for himself, Mr. Kagen, Mrs. Bachmann, Mr. Bartlett, Mr. Jones, Mr. Rehberg, Mr. Posey, Mr. Broun of Georgia, Mr. Poe of Texas, Mr. Burton of Indiana, Mr. Abercrombie, and Ms. Woolsey) introduced the following bill; which was referred to the Committee on Financial Services


--------------------------------------------------------------------------------


A BILL

To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.


Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,


SECTION 1. Short title.


This Act may be cited as the “Federal Reserve Transparency Act of 2009”.

SEC. 2. Audit reform and transparency for the Board of Governors of the Federal Reserve System.


(a) In general.—Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after “shall audit an agency” and inserting a period.

(b) Audit.—Section 714 of title 31, United States Code, is amended by adding at the end the following new subsection:


“(e) Audit and report of the Federal Reserve System.—

“(1) In general.—The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.

“(2) Report.—

“(A) Required.—A report on the audit referred to in paragraph (1) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each subcommittee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it.

“(B) Contents.—The report under subparagraph (A) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.”.




Wow those bonuses were high ... $50Mil from 9 of the top 10 returned.




Sorry Jared, as soon as I saw that nut job's name of Michelle Bachman on the list....I wouldn't call my representative to support anything that woman has her name on. In fact quite the opposite. The woman is nuts and that should send up a Red Flag immediately. Sorry until she proves otherwise, I wouldn't ask anyone to sign on to anything her name is on!




Jared, It's my opinion that the Internet has been a Pandora's box. Causing as many problems as it has solved. Like any tool, it can be used for good as well as bad. I don't know what can if anything be done to make the Internet more benevolent and benign since it's people using it who are the problem.




Jay Rockefeller wants to NUKE the internet

During the Commerce Secretary Confirmation Hearing on Wednesday, March 18th, 2009, Senator Jay Rockefeller, that's Jay Rockefeller of the Rockefeller/Rothschild global elite known as the New World Order, said "When the internet was invented everyone fell flat on their face they were so thrilled, and the world began to do business in a different way. Now both the President Bush's Director Intelligence, Mike McConnell who I greatly respect, and President Obama's Director of National Intelligence, Admiral Blair who I greatly respect, have labeled cyber security, perpetrated through the internet as the #1 National Hazard of attack on the homeland in West Virginia (stammers), America, anywhere else."


http://www.youtube.com/watch?v=Ct9xzXUQLuY&feature=player_embedded


He continues, "So, I mean, it really almost makes you ask the question would it have been better had we not invented the internet and had to use paper and pencil whatever? And That's a stupid thing to say, but it has genuine consequence, because it's on the internet that these acts of shutting down, ya know they have television ads every day saying the DOD is attacked 3 million times a day, and it's true. Everybody is attacked, anybody can do it.

"People say it's China and Russia, but there could be some kid in Latvia doing the same thing. I mean it's individual acts. It doesn't require a sleeper cell, ammonia, explosives, it's just an act. And yet it's an act which can shut this country down, it's electricity system, banking system, shutdown about anything we have to offer. It's an awesome problem.

"On the Intelligence Committee we were taken for a full day, to an undisclosed place in Virginia, to discuss this. It is a fearsome, awesome problem. It's broader than that too. I wonder where this stands with you, what your thoughts are and what we should be doing about it.
" unquote




Ben wrote:

"We are pissing away government administrated money in a manner that would make the corporate slime balls quiver. How about a little equal indignity for wasters in the public sector?"

Ben, I have to agree with you about the education system. Till that systerm can be overhauled they should not more and more bail out money. They need to change their ways as well as the busninss world needs to if they want the tax payers to help them.




Ben;
You are right as rain.




A question;
Are any of the KTLA Management also Executives of AIG?
Wondering because they don't read or listen to the viewers on the Morning NEWS message boards.




Ron Paul's H.R. 1207: Federal Reserve Transparency Act of 2009

Now has 39 COSPONSORS

Rep Abercrombie, Neil [HI-1] - 2/26/2009
Rep Akin, W. Todd [MO-2] - 3/19/2009
Rep Alexander, Rodney [LA-5] - 3/10/2009
Rep Bachmann, Michele [MN-6] - 2/26/2009
Rep Bartlett, Roscoe G. [MD-6] - 2/26/2009
Rep Blackburn, Marsha [TN-7] - 3/16/2009
Rep Broun, Paul C. [GA-10] - 2/26/2009
Rep Buchanan, Vern [FL-13] - 3/17/2009
Rep Burgess, Michael C. [TX-26] - 3/19/2009
Rep Burton, Dan [IN-5] - 2/26/2009
Rep Castle, Michael N. [DE] - 3/17/2009
Rep Chaffetz, Jason [UT-3] - 3/6/2009
Rep DeFazio, Peter A. [OR-4] - 3/9/2009
Rep Duncan, John J., Jr. [TN-2] - 3/6/2009
Rep Fleming, John [LA-4] - 3/18/2009
Rep Foxx, Virginia [NC-5] - 3/10/2009
Rep Garrett, Scott [NJ-5] - 3/5/2009
Rep Grayson, Alan [FL-8] - 3/11/2009
Rep Heller, Dean [NV-2] - 3/6/2009
Rep Jones, Walter B., Jr. [NC-3] - 2/26/2009
Rep Kagen, Steve [WI-8] - 2/26/2009
Rep Kingston, Jack [GA-1] - 3/6/2009
Rep Lummis, Cynthia M. [WY] - 3/19/2009
Rep Marchant, Kenny [TX-24] - 3/11/2009
Rep McClintock, Tom [CA-4] - 3/6/2009
Rep McCotter, Thaddeus G. [MI-11] - 3/19/2009
Rep Peterson, Collin C. [MN-7] - 3/19/2009
Rep Petri, Thomas E. [WI-6] - 3/10/2009
Rep Platts, Todd Russell [PA-19] - 3/19/2009
Rep Poe, Ted [TX-2] - 2/26/2009
Rep Posey, Bill [FL-15] - 2/26/2009
Rep Price, Tom [GA-6] - 3/10/2009
Rep Rehberg, Denny [MT] - 2/26/2009
Rep Rohrabacher, Dana [CA-46] - 3/6/2009
Rep Stearns, Cliff [FL-6] - 3/6/2009
Rep Taylor, Gene [MS-4] - 3/6/2009
Rep Wamp, Zach [TN-3] - 3/16/2009
Rep Woolsey, Lynn C. [CA-6] - 2/26/2009
Rep Young, Don [AK] - 3/6/2009

It needs more call your districts House Rep. Switchboard 202.224.3121

As we know the FED refuses transparency..




I have a slightly different take on this. Don’t get me wrong, this is in no way a defense of AIG executives, I am as indignant about it as the rest of the world.

Here is my issue. For years AIG has run their business (well or poorly) with no public view. Whatever they did, they did, with no public outcry. They screwed up, we bailed them out and now we (and they) have 303,800,000+ Monday morning quarterbacks each with opinions on how they should run their business, not many of the almost 304 million people in this country are in that business but we now all have some advice on how and what they should do. The worlds best corporate executive would have a tough time with that many bosses.

As we struggle through this hard time and we bail out others we are all going to micro-manage companies through the media. We are going to second guess what all of those slimy corporate types are doing with our tax dollars. There will be even more scrutiny for these guys (and girls). We will find ourselves "up in their business" as their new stockholders. We simply will not tolerate their "business as usual" approach.

The dollar amount of the AIG fiasco as I recall was in the 165 million area. We are pissed! Here is another bcause I wish we had a little more concern over; we just dumped 104 billion dollars into our education system as a booster. This money will be spent by a system that prides itself in having to spend all of its budget money this year or they won’t get it next. That system is old, top heavy and bulky. Unlike the corporate world, motivated by the evil "profit" there is no motivation to streamline and make the system fat free. Because it is education we tend to view it as untouchable. Have you ever noticed that the first ones to go in a budget shortfall are the teachers? Have you ever seen a bunch of school administrators on the street protesting because their positions are being eliminated? Nope, just teachers.

I am suggesting we are very critical, intolerant and indignant with the corporate world and their business as usual methods but when it comes to the system that educates our children "business as usual" is just fine, nothing to look at here, just move along.

We are pissing away government administrated money in a manner that would make the corporate slime balls quiver. How about a little equal indignity for wasters in the public sector?




Becoming a lobbyist is what one who retires from (graduates from) government jobs becomes as now they know how it works and who to talk to to make it work. It's as natural as any progression can be.





USA Is Already Bankrupt - CNBC

http://plus.cnbc.com/rssvideosearch/action/player/id/1065391533/code/cnbcplayershare

3-18-09 Technically, the US is already bankrupt because it has a debt that is almost four times the size of its economy, says Puru Saxena, CEO of Puru Saxena Wealth Management




JARED & WEB MASTER:

I did not post the comments below. I don't know how it happened, but it makes me very upset when statements are erroneously attributed to me. I'd appreciate them being deleted:

"Jozie
Three Little Birds is about..

Bob and his brethren at the Island House would pick the cannabis seeds out, the birds would eat them off the floor, and long as they where there smoking the birds would be provided for..

Posted by: jozielee | March 19, 2009 at 12:27 PM

Jozielee

one other thing about Bob

http://www.youtube.com/watch?v=jym1tSylQQU

Bob was an example of what an individual can do and not the government...

And as Bob thought the government was babylon..

wadada

Posted by: jozielee | March 19, 2009 at 12:16 PM"



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