THE OBAMA HEALTHCARE SIDE SHOW ???

Right,when we last left our heroes they were shouting moot points about the defending the US constitution against/for the Obama Administration's socialist agenda of universal health care, carbon taxes and hate speech legislation...



Which side are you on ? It doesn't matter if you get ALL your information from the CABLE NEWS COMEDY DECEPTION MACHINE

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left right, left right, left right, left right, I had a good job and I left , right !


Obama is a master of distraction, the left / right paradigm veils the complete corporate(central bank) take over of all the nations(worlds)wealth,"Aw man while we were worrying about socialism they snuck fascism in the back door !"(The results are exactly the same:mass oppression)


What if the BANKING ELITE created OBAMA as a"FEEL GOOD" MARKETING TOOL to further the bankers agenda



Why all the fall out from these three bills:HEALTHCARE,CARBON TAXES & HATESPEECH ? Its because the bankers set up both sides of the argument, they financed the national socialist's agenda and the constitutionalist's agenda, then they direct the synthesis of the two extremes as a socially engineered template for the next generation. This practice is derived from the Hegelian Dialectic or problem(they are attacking the constitution),reaction(public outrage), solution(more oppressive legislation is passed to protect our security)

...BUT WHY DO THEY DO THIS ???

Meanwhile...as you are trying to piece it all together, Goldman Sachs & Friends secretly take over the entire wealth of the world from their hidden lair ! woohoohoohooo hahahahahahahahahahah

GOLDMAN SACHS has made $100 MILLION on 71% and $90 MILLION on 90% of the trading days in 2009,...But wait they only LOST MONEY on 2 trading days!...WOW ! HOW DO THEY DO IT ???



Okay, That's a bit gloomy. So lets cheerup with a little political humor from JOHN CLEESE & DOUG STANHOPE

Extremism


Democracy


The United States is a Constitutional Republic, in a republic nobody(individual or state)can take away your rights. A democracy is "mob rules", where 51% of the people can take the rights of 49% of the people, or a better analogy may be - Democracy is two wolves and a sheep voting on whats for dinner !

REMEMBER YOUR NATURAL HUMAN RIGHTS ARE NOT GRANTED TO YOU BY ANY GOVERNMENT.The US Constitution only provides for what the government cannot legislate against. YOUR RIGHTS ARE NATURALLY BORN WITH YOU, GRANTED BY YOUR CREATOR AND ARE UNALIENABLE FROM YOU(just check the Declaration of Independence).

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed

YOU CAN ONLY VOLUNTEER TO GIVE UP YOUR RIGHTS, SO ITS REALLY UP TO YOU...GOOD LUCK !

The World Wide Economic game of GO ?

The current economy is like the Chinese game of GO. The out come has already been decided (we lose) the game continues to the delight of the winner only to recruit more players and extend the game or as the Architect from THE MATRIX movie stated "...to perpetually delay the inevitable"



Ron Paul explains the current derivative market enslaves(forces their play) the children of the future

Speaking of Scams - Lehman Brothers & Derivative Market -$455 Trillion Swindle

WTF- its legal for the hedge fund houses to reduce their exposure when the rest of the market cannot, so long retirement accounts

Original Article
A rare emergency trading session opened Sunday afternoon to allow Wall Street dealers in the $455 trillion derivatives market reduce their exposure to a potential bankruptcy filing by Lehman Brothers.


U.S. regulators and bankers were making last-ditch efforts on Sunday to prevent toxic assets from ailing Lehman Brothers (LEH.N) spilling into global markets and rupturing investor faith in the international financial system.

"This is an extremely, and I stress extremely, rare event. It also speaks to the more general notion that, in today's highly disrupted financial markets, the unthinkable is thinkable," said Mohamed El-Erian, the chief executive of Pimco, the world's biggest bond fund, based in Newport Beach, California.

The session opened at 2 p.m. and was due to run until 4 p.m. New York time (1800 to 2000 GMT), according to the International Swaps and Derivatives Association. See text . ISDA later extended it for another two hours.

Trading involved credit, equity, rates, foreign exchange and commodity derivatives. ISDA confirmed a "netting trading session" was taking place for over-the-counter derivatives, in which trades that offset each other are settled.

ISDA estimates the OTC derivatives market excluding commodities has a value of $455 trillion.

Market sources said the special session was initiated by the Federal Reserve.

The aim is to reduce risk associated with a potential bankruptcy filing by Lehman Brothers Holdings Inc.

"Trades are contingent on a bankruptcy filing at or before 11:59 p.m. New York time Sunday (0359 GMT)," said the statement. "If there is no filing, the trades cease to exist."

Britain's Barclays Plc (BARC.L), which had appeared to be the frontrunner to take over Lehman -- excluding its bad mortgage-related assets -- pulled out of the bidding early in the afternoon, according to a person familiar with the matter.

That raised the risk of a Lehman bankruptcy. Lehman hired law firm Weil Gotshal & Manges to prepare a potential bankruptcy filing, the Wall Street Journal reported on Saturday in its online edition, citing a person familiar with the matter.

The special session "is a way to offset the risk between the remaining large banks and insurance companies and fund managers prior to the markets opening in Asia," said Mark Grant, managing director of structured finance at Southwest Securities, based in Dallas.

Grant is expecting a turbulent session when the U.S. markets reopen for business on Monday.

"No one has any idea about the credit quality of the assets in Lehman's portfolio and no one has a handle about the size of the CDS contracts," he said.

"The market is going to be spooked. People will be fearful and no one outside a very small group of people knows what Lehman going into liquidation will mean."

If there is a forced sale or liquidation, "this could set off another round of writedowns globally."

Oh boy I can't wait for the new economy after this one crashes. You can only put so much lipstick on this pig !

Derivatives Market Grows to $596 Trillion ! ! !

Derivatives Market Grows to $596 Trillion on Hedging (Update1)

By Abigail Moses

May 22 (Bloomberg) -- The market for derivatives expanded at the fastest pace in at least a decade last year as the global credit crisis spurred trading in contracts used to hedge against losses, according to the Bank for International Settlements.

Derivatives, including those based on debt, currencies, commodities, stocks and interest rates, expanded 44 percent from the previous year to $596 trillion, the Basel, Switzerland-based bank said in a report today. The amount of credit-default swaps protecting investors against losses on bonds and loans more than doubled to cover a notional $58 trillion of debt.

``The credit crisis supported growth'' of the market, Naohiko Baba, an analyst at BIS who co-wrote the report, said in an interview. ``Fixed-income markets experienced big turmoil so had more hedging needs.''

Investors turned to derivatives to bet that the $383 billion of credit losses and writedowns at banks and securities firms since the start of 2007 would push the world economy into recession. The cost of protecting corporate debt against default jumped as much as 670 percent last year, according to the Markit ITraxx Europe Crossover index.

The increase in the cost of credit-default swaps quadrupled the amount of money investors have at stake in the contracts to $2 trillion from $470 billion, the BIS said. The amount at risk in the entire derivatives market is $15 trillion, according to the BIS, which was formed in 1930 to monitor financial markets and regulate banks.

Price Increase

Credit-default swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a company fail to adhere to its debt agreements. Derivatives are financial instruments derived from stocks, bonds, loans, currencies and commodities, or linked to specific events like changes in interest rates or the weather.

The data on the BIS report are based on contracts traded outside of exchanges in the over-the-counter market.

Interest-rate derivatives remained the largest part of the market, expanding 35 percent to $393 trillion outstanding last year, the report said.

Foreign exchange derivatives grew by 40 percent to $49 trillion as the credit crisis triggered the highest volatility in the seven most-traded currencies in almost eight years, based JPMorgan Chase & Co. data.

The amount of equity derivatives outstanding expanded 14 percent in 2007 to $8.5 trillion.

Commodity derivatives expanded by 26.5 percent as the price of gold and oil reached records. Contracts based on gold rose the most in the second half, by 40 percent to $595 billion. Crude oil rose to a record above $135 a barrel in New York yesterday after U.S. stockpiles unexpectedly dropped.

To contact the reporter on this story: Abigail Moses in London Amoses5@bloomberg.net