Sunday, November 13, 2011
PLAY OBAMA BINGO!!!
Submitted by: Lady E
WORLD ECONOMY THREATENED BY DERIVATIVE VALUES THAT ARE MOSTLY IMAGINED BUT ACTUALLY WORTHLESS
Submitted by: Donald Hank
As I wrote to my cousin today, a big part of our current economic problem is that the banking regs aren't being enforced. But another HUGE problem is that the repeal of Glass-Seagall made it possible for banks to generate Mortgage-Backed Securities (MBS) and other derivatives that eventually were worth next to nothing, but with a total notional value of hundreds of trillions.
As I wrote to my cousin today, a big part of our current economic problem is that the banking regs aren't being enforced. But another HUGE problem is that the repeal of Glass-Seagall made it possible for banks to generate Mortgage-Backed Securities (MBS) and other derivatives that eventually were worth next to nothing, but with a total notional value of hundreds of trillions.
The total notional value of all derivatives (not just MBSs) is estimated at about $600 trillion:
That is almost 10 times the entire world GDP! In other words, they do not represent actual value at all, because there is nothing on earth that can pay for them in real money. That is called leverage and in its current embodiment, it is a horrible scourge equivalent economically to the Bubonic plague.
If the banks holding these (only about 4 major ones) ever are required to sell, guess what?
There will not be enough money on THIS planet to bail even ONE of them out.
At that point, the Fed or IMF may go on a printing binge, but if God is merciful, the banks will simply crash and we will be rid of the Frankenstein created by our government in tandem with its greedy cronies in the corporate world.
Don Hank
IF YOU SUPPORT OBAMA SAY 'MOO'
"Are Americans To Be Herded Like Cattle?"
from - The Parallax Prophecies -
By Ron Ewart, President
National Association of Rural Landowners
and nationally recognized author on freedom and property rights issues.
We are helping to spread freedom and liberty around the globe.
© Copyright Sunday, November 13, 2011 - All Rights Reserved
“It is the American vice, the democratic disease which expresses its tyranny by reducing everything unique to the level of the herd.” Henry Miller
Respect for legally constituted and honorable authority is good and proper for any society to exist in peace. Resistance to authority which abuses or exceeds its authorized powers is a virtue, patriotic and a wise course of action for free men of intellect and courage, if they have any hope of preserving and maintaining their freedom. When authority begins to exceed and abuse its powers, as all authority is destined to do, a culture of resistance in the people must be established to set the authority back on the track from which it was empowered. To do otherwise is to allow the authority to grow in power until it holds absolute power.
OBAMA PAYING OFF HIS PALS
MORE 'GREEN' MONEY (OUR TAXES) GOING TO OBAMA'S SUPPORTERS
Liberals can't pretend that Solyndra was a one-time occurrence or that the "green" energy loan program that gave it $535 million of your money is otherwise a great program.
We told you about Evergreen Solar, SpectraWatt, Solyndra, the National Renewable Energy Lab, SunPower andnow two more companies that received your tax money are circling the drain.
The first, Beacon Power Corp., an energy storage company which received $43 million worth of your taxes, filed for bankruptcy. This Massachusetts company was warned by Nasdaq that it would be delisted from the exchange for failing to meet the minimum stock price of $1.
Liberals can't pretend that Solyndra was a one-time occurrence or that the "green" energy loan program that gave it $535 million of your money is otherwise a great program.
We told you about Evergreen Solar, SpectraWatt, Solyndra, the National Renewable Energy Lab, SunPower andnow two more companies that received your tax money are circling the drain.
The first, Beacon Power Corp., an energy storage company which received $43 million worth of your taxes, filed for bankruptcy. This Massachusetts company was warned by Nasdaq that it would be delisted from the exchange for failing to meet the minimum stock price of $1.
MUSLIMS PLAYING FOR SPECIAL TREATMENT AND DEMOCRATS FALLING FOR THEIR CON
Submitted by: Kurt J Fitsch
Free Speech Concerns Ahead of Meeting With Muslim Nations on Religious Tolerance
By Judson Berger Published November 11, 2011 Fox News.com
A looming meeting with Islamic leaders hosted by the State Department
has religious scholars and advocacy groups warning that the United
States may "play into" the push by some Islamic nations to create new
laws to stifle religious criticism and debate.
The meeting on religious tolerance, which is scheduled for mid-December,
would involve representatives of the Organization of Islamic Cooperation
-- a coalition of 56 nations which more or less represents the Muslim world.
Free Speech Concerns Ahead of Meeting With Muslim Nations on Religious Tolerance
By Judson Berger Published November 11, 2011 Fox News.com
A looming meeting with Islamic leaders hosted by the State Department
has religious scholars and advocacy groups warning that the United
States may "play into" the push by some Islamic nations to create new
laws to stifle religious criticism and debate.
The meeting on religious tolerance, which is scheduled for mid-December,
would involve representatives of the Organization of Islamic Cooperation
-- a coalition of 56 nations which more or less represents the Muslim world.
WHAT OUR CONGRESS REFUSES TO UNDERSTAND AND OBAMA IS TAKING ADVANTAGE OF!
Submitted by: Kurt J Fitsch
West: U.S. Must Understand 21st-Century Combat
By Rep. Allen West
http://www.rollcall.com/issues/57_52/allen_west_united_states_must_understand_21st_century_combat-209937-1.html
Today’s paradigm of battle and combat operations is completely different from what I experienced in 1982 when I was commissioned as a young lieutenant in the U.S. Army. At that time, the battlefield was much simpler.
In broad strokes, there was the Soviet Union on one side and the United States on the other. We were familiar with their tactics and equipment, and they with ours. Both sides wore uniforms, and every now and then we would stage war games on border control missions.
West: U.S. Must Understand 21st-Century Combat
By Rep. Allen West
http://www.rollcall.com/issues/57_52/allen_west_united_states_must_understand_21st_century_combat-209937-1.html
Today’s paradigm of battle and combat operations is completely different from what I experienced in 1982 when I was commissioned as a young lieutenant in the U.S. Army. At that time, the battlefield was much simpler.
In broad strokes, there was the Soviet Union on one side and the United States on the other. We were familiar with their tactics and equipment, and they with ours. Both sides wore uniforms, and every now and then we would stage war games on border control missions.
OBAMA - IS HE THE 'SICK JOKE' OF HISTORY?
Submitted by: Doris Parker
The Washington Post
August 18, 2011 Obama: The Affirmative Action President by Matt Patterson (columnist - Washington Post, New York Post, San Francisco Examiner)
Years from now, historians may regard the 2008 election of Barack Obama as an inscrutable and disturbing phenomenon, a baffling breed of mass hysteria akin perhaps to the witch craze of the Middle Ages. How, they will wonder, did a man so devoid of professional accomplishment beguile so many into thinking he could manage the world's largest economy, direct the world's most powerful military, execute the world's most consequential job?
The Washington Post
August 18, 2011 Obama: The Affirmative Action President by Matt Patterson (columnist - Washington Post, New York Post, San Francisco Examiner)
Years from now, historians may regard the 2008 election of Barack Obama as an inscrutable and disturbing phenomenon, a baffling breed of mass hysteria akin perhaps to the witch craze of the Middle Ages. How, they will wonder, did a man so devoid of professional accomplishment beguile so many into thinking he could manage the world's largest economy, direct the world's most powerful military, execute the world's most consequential job?
PENN STATE GOT CAUGHT AND ITS ABOUT TIME
Submitted by: Donald Hank
Forwarded message from old Penn State grad:
Officials at Penn State created an environment that ENCOURAGED perversion, and that no sex was wrong.
It was the stated goal of President Spanier to become the most Gay-Friendly Campus in America, and Penn St. had the first All-GAY fraternity in America. (I’ll bet they have an interesting Hell Week)
With Adminstration-sponsored events like “QueerFest”, or the ‘Become a Lesbian for a day’ “C##tFest”, they CREATED an atmosphere where the perversions of a sicko like Sandusky found not only a home, but acceptance, and a staff willing to cover it up, for the sake of the MONEY the Football Program dragged in.
REPUBLICANS OF CONGRESS MUST WAKE UP!
They need to be made to understand that if they do not recognize that Americans want them to stand up to Barack Obama and remove him from office, Democrats not voting for them will be the least of their worries. They need to understand that conservative Americans will remove THEM from office.
Obama is destroying America. Look around you at the closed shops, the millions out of work, the millions of families fracturing and falling apart under the jack-boot of progressive liberal policies?
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