OBAMA'S - 174 MPH Speed Budget ???

Alex Jones - The Obama Deception 2009

The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people. The Obama phenomenon is a hoax carefully crafted by the captains of the New World Order.

How does PORK lead to COLLECTIVISM ?

Its a simple plan of creating dependence on government as an entitlement. The dependence becomes centralized control and entitlement becomes obligation


The original bailout was presented as public money to be used to buy out the bad mortgages. The government would have reset the values on the homes and resold them to responsible people who could afford them.

The banks who were over leveraged would be allowed to fail as well as the individual home owners who were over leveraged would have to give up their houses. Losing a house does not mean you have to live in the street, it means you take the money you were paying to a mortgage and pay it toward rent



The bailout plan was later changed by Paulson after it was approved(RED FLAG). Now the bailout is being used to save banks of choice(BOA & AIG, not Lehman?)

The government usurping the authority of contract law by renegotiating private contracts is what happens in a socialist collective(USSR) not a free republic(USA).

Those people who were easily duped into bad investments(mortages) will be duped again except this time, the people who bailed them out the first time(us), will not have any money left to save anyone !



Wealth is neither created or destroyed it just changes hands. A bear market is just a description of what has already happened.

The market makers pull their wealth out of the market and anyone who trades behind them loses wealth, then they(controlled media) call it a crisis and when people get used to it they call it a bear market

Obama, Brown & Emanuel have all stated that, this crisis was an opportunity,

That is text book Heglian " Problem Reaction Solution" or Order out of Chaos theory in action !

PLEASE USE THE FOLLOWING VIDEOs FOR INFORMATION PURPOSES, TAKE YOUR TIME BOOKMARK AND COME BACK AND DO YOUR OWN RESEARCH AND MAKE YOUR OWN CONCLUSION

All The Best !
Niles Lesh

Funniest Depression in Years !

The upside of a global depression is always the boom of political cartoons !

Obama - Bitch slaps Biden with Pimp Hand !

Biden's 30% failure rate ?


Obama Bitch Slaps Biden over failure comments

Less Money + Unemployment = Lower prices !

Its brilliant in its simplicity: Less money equals Less production equals less work equals less employment. Unemployment equals less spending which equals lower prices.
Lower prices equal less profit, less profit equals less production... and viola !

What is up with 2009 ???

JAY WEIDNER - Predicts the upcoming financial event that will coincide with the Obama presidential inauguration and launch a global revolution !


Cliff High and the Webbots(a spyder program which tracks all trends of the internet)

Cliff High - Webbot - Predictions for 2009

America 2009 - WTF is Happening ???

The Obama Presidency is the ultimate mind control ritual:

The Presidential oath is "to uphold & defend the US Constitution", that is it end of job description!



CURRENT LIST OF OBAMA PROMISES
Full Health Care for All
An Army of Teachers
Free College
Free Broadband
Free Preschool
Government Guaranteed Pensions
Lower Food Costs
Bipartisan Washington
Energy Independence
No Carbon emissions on Coal Plants
World Wide Unity and Peace
Huge Increases in American Jobs
A Richer Middle Class
<>Ocean Levels Lowering
Drivers licenses for illegal Aliens
Civilian National Security Force
Freedom of Choice Act (Partial Birth Abortion)
$9.50 Minimum Wage
Kindergarden Sex Ed




OBAMA has convinced the American voter that he will eliminate special interest lobbying and he will instead help the little guy by running an accountable transparent presidency.

But, he collected $700,000,000 in campaign funds from somebody who wants some favors.

Obama has taken $1,180,103 from the top issuers of subprime loans: Obama received $266,907 from Lehman, $5395 from GMAC, $150,850 from Credit Suisse First Boston, $11,250 from Countrywide, $9052 from Washington Mutual, $161,850 from Citigroup, $4600 from CBASS, $170,050 from Morgan Stanley, $1150 from Centex, and last but certainly NOT LEAST - Obama received $351,900 from Goldman Sachs.

What about special interest groups like ACORN, who are they and why should we care ?







Wait a minute why didn't I hear about any of this before the election ?


How Obama Got Elected Website

The Men Who Are Behind Obama


Part 2




Don't worry OBAMA has a plan - SENATE BILL S. 2433 THE GLOBAL POVERTY ACT

CASE - SCHILLER Graph Exposes Housing Bubble

A recent study from the Congressional Budget Office (CBO) has zero credibility. It pegged likely taxpayer losses in the Fannie Mae and Freddie Mac bailouts at $25 billion. For those with a sense of history, it is worth remembering that the S&L bailout had a $160 billion price tag. The numbers diverge so far from reality as to be laugh-out-loud funny. Funny, that is, except that the CBO estimate demonstrates a willful disconnect with the actual consequences of federal government actions.

As demonstrated below, the real cost of the bailouts will easily exceed $1.3 trillion. In fact, the real cost is likely to range between $1.3 trillion to $1.6 trillion, and is not unlikely to reach $2.5 trillion.

Between 2001 and 2007, Fannie and Freddie purchased or guaranteed $700 billion of Alt-A and subprime loans. Given the default rates on these loans — and the fact that the price of the housing that is the ultimate security of the loans will, for reasons demonstrated below, fall by at least thirty percent — this alone implies a loss for Fannie and Freddie on the order of $210 billion.

Fannie and Freddie acknowledge already-impaired loans on the balance sheet of $19 billion, which they have used creative accounting to avoid deleting from the shareholder equity account. This means that Fannie and Freddie have a maximum of $64 billion in capital remaining.

Given the inevitable losses on the Alt-A/subprime portion of their portfolio, it must be the case that if the federal government, as it is doing, guarantees Fannie and Freddie's solvency, the difference between the loss and the capital to be made up by the government (i.e., the taxpayers) must equal, not $25 billion but $147 billion.

That alone would mean that the CBO is blowing smoke with their estimated cost figures, and if you think back to the S&L cost of $160 billion, this is not a surprising result. The real picture is so much worse that it is pretty obvious the CBO is flat out inventing figures just to get the politicians through November.

The real story is simple. We have witnessed the largest asset-price bubble in US history, making the tech-stock bubble seem like an overdone weekly rally.

When you look at the graph of the Case-Shiller residential real-estate index, an index dating from 1890 to the present and an index which measures the cost of housing in comparison to other goods, the first thing you see is that the 2001 to 2006 bubble stands out like a fifty foot saguaro cactus in a patch of daisies. There simply has never been anything like it before.



GET THE FULL STORY FROM GOOD OLE MISES.ORG

HOW CAN THEY MAKE OIL PRICES HIGHER ?

RECESSION - THE MOVIE ?

Recession ? Bring it on ! The economy is an illusion created by power brokers to fool the wage slaves into watching an imaginary score board. the US/world economy has been in a recession for the last 10 years. The US economist are using the "market" and the GNP to gauge the "economy". The market is dollar rated, the Fed has been dumping dollars to keep the market prices high, while reducing the "value" of everything else. The GNP goes up during disasters(911,Katrina, car accidents)and wars!

HOW THE HOUSING MARKET F**CKED THE ECONOMY ?

RON PAUL - THE FED IS DESPERATE !

"DOWN DOWN DOWN DOWN IN A RING OF FIRE" !

What do you mean we can't export our inflation? or dollars?

Now we have to sell off the USA's collateral?
What collateral?... oh, you mean all the EPA protected federal land?

Well, whose idea was this "fractional reserve" banking system,anyway?
Babylon? like the bible Babylon? woah!

So,remember how the mafia runs a business into the the red, then burns the place down to collect the insurance?
... this is nothing like that so don't worry !

USA, USA , USA - WE'RE NUMBER TWO ???

PARIS (Reuters) - The U.S. economy lost the title of "world's biggest" to the euro zone this week as the value of the dollar slumped in currency markets.

Taking the gross domestic product of both economies in 2007, the combined GDP of the 15 countries which use the euro overtook that of the United States when the European currency surged to a record high of more than $1.56 per euro.

"The curious outcome of breaching this latest milestone is that the size of the euro zone's annual output has now exceeded that of the U.S.," the economics department of Goldman Sachs, the Wall Street investment bank, said in a note to clients.

Taking official estimates of 2007 GDP -- $13,843,800 billion for the United States and 8,847,889.1 billion euros for the euro zone -- the economy of the latter passed the United States once converted into dollars, shortly after the euro topped $1.56.

The dollar sank to $1.5688 per euro late in European trading hours on Friday, at which rate the euro zone's 2007 GDP equates to $13,880,568.4 billion.

The 2007 GDP estimates are as published by the U.S. Commerce Department's Bureau of Economic Analysis and provided to Reuters on request for the euro zone by Eurostat, the European Union's statistics office.

(Writing by Brian Love; editing by Stephen Nisbet)

BEAR STEARNS & CARLYE GROUP IN TROUBLE ?

YOU KNOW THE ECONOMY IS F*CKED WHEN THESE TWO GIANTS ARE SUCKING AIR !!!

Big American finance houses have collapsed before. Continental Illinois required a $4.5bn (£2.25bn) bail-out in 1984 after coming to grief in Texas as the oil boom deflated.


The giant hedge fund Long Term Capital Management was saved by a club of banks in 1998 under the guidance New York Federal Reserve. The fund blew up after Russia's default, which ravaged its portfolio of Danish, Italian and Spanish bonds.

Bear Stearns bank: Bear Stearns has been exposed as a bank saddled with toxic sub-prime debt
Bear Stearns bank has been hit
by the sub-prime mortgage crisis

On both occasions the US economy was in rude good health. The damage was quickly contained.

The implosion of Bear Stearns is more dangerous.

A host of other banks, broker dealers, and hedge funds have played the same game, deploying massive leverage at the top of the credit bubble to eke out extra yield. Dozens of them are saddled with the same toxic debt - sub-prime property, credit cards, auto loans, and mountains of unsold paper from the merger boom.

This time the market for default insurance is flashing bright red warning signals across the entire spectrum of US finance.

The swap spreads on Lehman Brothers rocketed to 465 yesterday, mirroring the moves in Bear Stearns debt days before. Fannie Mae and Freddie Mac - the venerable agencies created by Roosevelt that underpin 60pc of the $11 trillion mortgage market - had a heart attack on Monday. Their bonds were in free-fall, threatening to set off another cascade of bank writedowns.

These are not sub-prime outfits. They sit at the apex of the US mortgage credit industry. Hence the dramatic move by the Fed this week to offer a $200bn lifeline, agreeing to accept Fannie Mae and Freddie Mac issues as collateral.

Had the Fed delayed, many traders believe Wall Street would have plunged through resistance levels risking a full-fledged crash.

The 'monoline' bond insurers - MBIA, Ambac, and others - that guarantee most of the $2,600bn market for US municipal bonds have seen their shares collapse by 90pc since the Autumn.

They are still battling to raise enough to capital to save their 'AAA' ratings. Should they fail, the insured bonds will be downgraded in lockstep. Pension funds would be forced to liquidate huge holdings. As New York Governor Eliot Spitzer said before his own liquidation, such an outcome is too dreadful to contemplate.


You have to go back to the banking crisis of the Great Depression to find a moment when the financial system as a whole seemed so close to the precipice.

Although 4,000 US banks failed in the early 1930s (mostly small ones), it was a long-drawn out affair. The bank runs began in the Prairies as falling food prices caused farmers to default in 1930. It seemed to be a local problem.

The crisis reached New York in December 1930 when the Bank of the United States succumbed to panic withdrawals. Legend has it that the 'WASP' clearing banks refused to back a rescue because of the bank's Jewish links.

In those days the contagion spread slowly to the rest of the world. It is much swifter now. The Swiss bank UBS has suffered US sub-prime losses on a scale to match Merrill Lynch and Citigroup, thanks to the curse of mortgage securities.

"We are now experiencing the first truly major crisis of financial globalisation," said the Swiss central bank governor Philipp Hildebrand this week.

"Never before have banks seen such destruction of their balance sheets in such a short time. Moreover, there are signs that the problems are spreading. The risk premiums on commercial property, consumer credit and corporate loans have risen sharply," he said.

Debt levels have been much higher than in the Roaring Twenties; the new-fangled tools of structured credit are more opaque: the $415 trillion nexus of derivative contracts is untested. Nobody knows for sure if the counter-parties are able to deliver on vast IOUs, or whether the construct is built on sand.

What keeps Federal Reserve officials turning at night is fear that the "financial accelerator" will now set off a vicious downward spiral. There is a risk of "very adverse economic outcomes," said Fed vice-chair Don Kohn.

Albert Edwards, global strategist at Societe Generale, said the toppling banks are merely a symptom of a deeper rot. "The banks are not the problem. Nor even the grotesquely leveraged funds. The problem is that an economic bubble financed by ridiculously loose monetary policy is unravelling," he said.

"US house prices have a lot further to fall, which will simply crush the global economy. The lesson from Japan in the early 1990s is that the death dance goes on and on and on," he said.

The Fed blundered badly in the Slump, delaying rate cuts for too long. It allowed the money supply to implode.

It is acting with breath-taking speed this time. Rates have already been cut from 5.25pc to 3pc, and will be slashed again this week. New means of showering liquidity on the banking system are being devised each week.

As luck would have it, the world's greatest expert on the financial causes of depressions - Ben Bernanke - happens to be chairman of the Federal Reserve.

Banks to Seize Carlyle Capital Assets

NEW YORK -- The likely liquidation of Carlyle Capital Corp.'s remaining assets sent the fund's shares plummeting more than 90 percent Thursday and rattled stock markets around the globe. It was also a high-profile setback for private equity fund Carlyle Group.

Carlyle Capital said late Wednesday that it expected creditors to seize all of the fund's remaining assets _ investment-grade mortgage-backed securities _ after unsuccessful negotiations to prevent its liquidation.

Its shares, which went public at $19 a share in July and traded at $12 just last week, tumbled 93.6 percent to 18 cents on the Euronext exchange.

The Amsterdam-listed fund shook financial markets last week after missing margin calls from banks on its $21.7 billion portfolio of residential-mortgage-backed bonds. Carlyle's troubles have amplified fears that billions of dollars of depressed mortgage-backed securities will flood the market, reducing their value even further.

"Although it has been working diligently with its lenders, the company has not been able to reach a mutually beneficial agreement to stabilize its financing," Carlyle Capital said in a statement.

Carlyle's troubles heightened worries about the billions of dollars in depressed mortgage-backed securities, one factor that sent stock markets down. The Dow Jones industrial sank more than 200 points, following indexes in Asia and Europe lower.

The sell-off would mark a huge defeat for the Washington, D.C.-based Carlyle Group, one of the largest private equity firms in the world with $76 billion in assets. Carlyle Capital, registered in Britain but managed by New York-based executives, was the first of its 55 funds to go public.

Since the beginning of the credit crunch, Carlyle Group has extended loans to Carlyle Capital to help meet margin calls, including a $150 million revolving loan, Citigroup analyst Donald Fandetti told investors in a research note March 6. "It appears CCC is fully drawn on this line and so far no further loans have been provided."

Andrew Wilkinson, senior market analyst at Interactive Brokers Group LLC, said it didn't make sense for Carlyle Group to keep bailing out its mortgage-focused fund.

"If it's a standalone entity that's vulnerable to failure, then you let it go and you bear the consequences but you certainly don't throw good money after bad," Wilkinson said.

More than a year ago, the fund leveraged its $670 million equity 32 times to finance a $21.7 billion portfolio of AAA-rated residential mortgage-backed securities issued by Freddie Mac and Fannie Mae. It borrowed money from at least a dozen banks and firms, including Bank of America Corp., Citigroup Inc. and Merrill Lynch & Co.

Carlyle Capital posted the securities as collateral under repurchase agreements, so if the value of the securities fall, the lender has the right to ask for more collateral _ a margin call _ to secure the loan. If the borrower does not meet the margin call, the lender may sell the security.

The value of mortgage-backed securities has plummeted as U.S. home prices fall and foreclosures surge, prompting the banks to ask Carlyle Capital for more than $400 million in additional capital. The fund was unable to come up with the money, prompting lenders to start foreclosing on the securities.

As of Wednesday, Carlyle Capital said it has defaulted on about $16.6 billion of its debt, and the rest is expected to go into default soon. About $5.7 billion of the defaulted debt has been sold, the Carlyle Group said Thursday. Spokeswoman Emma Thorpe said she couldn't say what has been done with the rest.

Carlyle Group "participated actively" in the fund's negotiations with its lenders to refinance its portfolio and was prepared to provide substantial additional capital if sustainable terms could be achieved, the fund's statement said.

But hopes for refinancing fell apart after some lenders said the value of the collateral had declined further, which would result in additional margin calls Thursday of about $97.5 million.

NATO ASKS RUSSIA FOR HELP IN AFGHANISTAN ?

By Scott Taylor
March 12, 2008

One of the most ironic twists to the ongoing mission in Afghanistan emerged from the NATO meetings held in Brussels last week. With member countries either reluctant or unable to add military resources, NATO is now seeking assistance from Russia, its erstwhile Cold War enemy and one-time "evil occupier" of Afghanistan. In fact, the irony is so thick that we should first roll back decades' worth of propaganda and start at the very beginning.

NATO was formed in 1949 as a collective self-defence alliance to prevent any encroachment of the Soviet Union into Western Europe. The Soviets responded to this by creating their own defensive coalition of Communist countries (the Warsaw Pact) to protect them from any eastward expansion of NATO's influence. The nuclear arms race was at its zenith and even Europeans, still recovering from the massive destruction and carnage of the Second World War, understood the importance of maintaining large conventional armies. Troops and tanks were regarded as a preferable deterrent to an apocalyptic mushroom cloud.

The impasse that resulted in Europe did not prevent the U.S. and Soviets from waging war by proxy in non-aligned Third World countries around the world. Afghanistan, in fact, became a key battleground for the CIA and the KGB. Since it bordered the Soviet Union's central Asian republics of Uzbekistan, Tajikistan and Turkmenistan, the U.S. knew that Moscow could not afford to ignore events in impoverished and underdeveloped Afghanistan.

Throughout the '50s and '60s, Soviet engineers undertook several major infrastructure projects in Afghanistan, including the construction of the Salang tunnel through the Hindu Kush Mountains, which provided the first viable access between the country's northern and southern provinces. A full-scale program was introduced to train Afghan army officers and a large number of economic aid packages were extended to Kabul's Communist government.

The Americans decided things were going a little too smoothly for the Kremlin, so they decided to stir things up a little. By arming and funding Afghan Muslim extremists who were already resisting the social changes, the Americans sought to draw the Soviets into a full-scale military intervention.

By 1979 events had escalated to the point where the instability, lawlessness and flourishing drug trade along their shared border could no longer be ignored by the Kremlin. Following a coup staged by the KGB in Kabul, the newly appointed Afghan Communist president invited Soviet troops to deploy a security assistance force to help him stabilize Afghanistan.

It would have been high-fives all around for the CIA planners watching the Soviet tank columns rolling south through the Salang tunnel. The Russian bear had taken the bait and put his paw squarely on the American trap.

On the surface, the U.S. vehemently denounced the invasion of Afghanistan and in protest they pulled their athletes out of the 1980 Moscow Olympics. Behind the scenes, the U.S. ramped up military aid to the Afghan guerrillas and assisted in bringing in foreign mujahedeen fighters - such as a young Saudi Arabian zealot named Osama bin Laden - to bleed the Soviets white.

The stated objectives of the Soviet Union in Afghanistan were to provide a secure environment, equality for women, a centralized education and medical system, and the training of a self-sufficient Afghan army. While this may sound eerily similar to the current wish list for the NATO coalition in Afghanistan, a friend of mine at the American embassy was quick to point out one fundamental difference: "The (Soviets) were Communists," he emphatically stated, as if that in itself made any further explanation unnecessary.

The U.S. plan worked like a charm and by the time the last of the Russian troops retreated out of Afghanistan in 1989, they had left behind 50,000 dead comrades, the Moscow treasury was bankrupt and the Soviet Union was in a state of dissolution. The U.S.-equipped Afghan warlords finally triumphed over the Communist regime in Kabul and then turned on each other in an orgy of destruction and bloodletting. Whatever Soviet-built infrastructure was still intact in Kabul in 1996 was destroyed when the Taliban movement forced the mujahedeen warlords north of the Hindu Kush.

In the wake of 9-11, the planners in the White House must have suffered from short-term memory loss as they rushed to throw their troops into the very same trap they had built to destroy the Soviets. After using military force to topple the Taliban, the Americans appointed Hamid Karzai as president. His first act as leader was to invite the U.S.-led coalition to deploy a security assistance force to prop up his regime. Unlike the Soviets, the Americans didn't need to deploy in support of this request - they were already on the ground.

Now into the seventh year of their occupation and with the American economy on the point of collapse, NATO is looking to Russia for help in transporting troops and equipment into Afghanistan. With the skyrocketing oil prices boosting the Russian ruble to dizzy new heights and no one asking for their troops to fight and die in Afghanistan, it would seem that the wheel of fate has turned a full circle.

If you want to drive this point home, go out and rent an old copy of Rambo III. That's the sequel wherein Sylvester Stallone fights alongside the guerrillas, and the final credits dedicate the movie to "the brave mujahedeen in Afghanistan."

I kid you not.

NEW YORK SHOPS ACCEPTING EUROS ???

NEW YORK (Reuters) - In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise.
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"We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank," Robert Chu, owner of East Village Wines, told Reuters television.

The increasingly weak U.S. dollar, once considered the king among currencies, has brought waves of European tourists to New York with money to burn and looking to take advantage of hugely favorable exchange rates.

"We didn't realize we would take so much in and there were that many people traveling or having euros to bring in. But some days, you'd be surprised at how many euros you get," Chu said.

"Now we have to get familiar with other currencies and the (British) pound and the Canadian dollars we take," he said.

While shops in many U.S. towns on the Canadian border have long accepted Canadian currency and some stores on the Texas-Mexico border take pesos, the acceptance of foreign money in Manhattan was unheard of until recently.

Not far from Chu's downtown wine emporium, Billy Leroy of Billy's Antiques & Props said the vast numbers of Europeans shopping in the neighborhood got him thinking, "My God, I should take euros in at the store."

Leroy doesn't even bother to exchange them.

"I'm happy if I take in 200 euros, because what I do is keep them," he said. "So when I go back to Paris, I don't have to go through the nightmare of going to an exchange place."

(Reporting by Angela Moore, writing by Bill Berkrot; Editing by Doina Chiacu)

RON PAUL BLASTS THE FED ON DROPPING RATES

LOWERING THE INTEREST RATE ONLY HELPS INVESTMENT BANKERS NOT MOST AMERICANS!
ITS SIMPLE MATH YOU CAN'T IMPROVE THE ECONOMY BY DEVALUING THE CURRENCY !

A MESSAGE FROM RON PAUL

Dear friend,

Our American way of life is under attack. And it is up to us to save it.

The world's elites are busy forming a North American Union. If they succeed, as they did in forming the European Union, the good ol’ USA will only be a memory. We cannot let that happen.

The UN wants to confiscate our firearms and impose a global tax. The UN elites want to control the oceans with the Law of the Sea Treaty. And they want to use our military to police the world.

Our right to own and use property is fading because bureaucrats and special interests are abusing eminent domain.

Our right to educate our children as we choose is under assault. "No Child Left Behind" is seeing to that. And our right to say "no" to forced mental screening of our school-aged children is nearly gone.

The elites gave us a national ID card. They also gave us the most misnamed legislation in history: The Patriot Act. And these same people are pushing to give amnesty to illegal immigrants and erase our national borders.

Record government debt is putting a burden on our children and grandchildren that is shameful.

Yes. Our American way of life is under attack. And it's understandable that many are concerned, even discouraged, about the kind of country our children and grandchildren will inherit.

But we must never let discouragement become surrender.

One reason I am NOT discouraged is because I know I am not fighting alone. Each day I head out I know that you and thousands of other patriotic, freedom-loving Americans are right beside me, standing brave and true for what is good and right.

I need your help now, more than ever, to save the country we love...for the people we love.

My wife Carol and I celebrated our 50th wedding anniversary early this year. We are proud parents of five children and 18 grandchildren. We love them very much, as I know you love your family.

As a U.S. congressman, I always think about the well-being of my family and of all the families of our great nation when I cast a vote or introduce legislation. I also remember that I have sworn a solemn oath to uphold and protect the Constitution of the United States.

For me, upholding that oath is the first and best way to preserve and protect the blessed American way of life for our children and grandchildren.

And now you know why I'm running for president of the United States.

I ask for your help. Please send your maximum donation today by going to https://www.ronpaul2008.com/donate/ .

Sincerely,

Ron