Some Words of Wisdom

I would like to share with you some words of my friend Bill Foster.  I always enjoy what he sends me, it always makes so much sense, and this time is no exception.  Thanks, Bill!

Steve

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“CNN Headline News did a short news listing regarding Ford and GM’s contributions to the relief and recovery efforts in New York and
Washington.

The findings are as follows…..

1. Ford- $1 million to American Red Cross matching employee
contributions of the same number plus 10 Excursions to NY Fire Dept. The company also offered ER response team services and office space to displaced government employees.

2. GM- $1 million to American Red Cross matching employee contributions of the same number and a fleet of vans, suv’s, and trucks.

3. Daimler Chrysler- $10 million to support of the children and victims
of the Sept. 11 attack.

4. Harley Davidson Motorcycles- $1 million and 30 new motorcycles to the New York Police Dept.

5. Volkswagen- Employees and management created a Sept 11 Foundation, funded initially with $2 million, for the assistance of the children and victims of the WTC.

6. Hyundai- $300,000 to the American Red Cross.

7. Audi-Nothing.

8. BMW-Nothing.

9. Daewoo- Nothing.

10. Fiat-Nothing.

11. Honda- Nothing despite boasting of second best sales month ever in August 2001

12. Isuzu- Nothing.

13. Mitsubishi-Nothing.

14. Nissan-Nothing.

15. Porsche-Nothing. Press release with condolences via the Porsche website.

16. Subaru- Nothing.

17. Suzuki- Nothing.

18. Toyota-Nothing despite claims of high sales in July and August 2001.  Condolences posted on the website. 

 

Whenever the time may be for you to purchase or lease a new vehicle, keep this information in mind. You might want to give more consideration to a car manufactured by an American-owned and / or American-based company. Apart from Hyundai and Volkswagen, the foreign car companies contributed nothing at all to the citizens of the United States.

It’s OK for these companies to take money out of this country, but it is
apparently not acceptable to return some in a time of crisis.  I believe
we should not forget things like this.  Say thank you in a way that gets their attention…

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See I told you…here’s another:

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Change … Change…. Change!!!!!!!!!!
 
Not long ago I read a joke … It said all the politicians running for president are promising change to the American people. We send them billions and billions of tax dollars and they send us the change.
 
Funny?
 
Not really; there is too much truth in it to be funny.
 
That got me to thinking … They all promise change. How about if they run on a promise of restoration rather than change. A restoration that would take us back in time to a place where things ran better, smoother and life
was more enjoyable. Change? That, in truth, is what they have been giving us all along.
 
We used to have a strong dollar … Politicians changed that.
 
Life used to be sacred … Politicians changed that.
 
Marriage used to be sacred … Politicians are changing that.
 
We used to be respected around the world … Politicians changed that.
 
We used to have a strong manufacturing economy … Politicians changed that.
 
We used to have lower tax structures … Politicians changed that.
 
We used to enjoy more freedoms … Politicians changed that.
 
We used to be a large exporter of American made goods … Politicians changed that.
 
We used to be an openly Christian nation … Politicians changed that.
 
We used to teach patriotism in schools … Politicians changed that.
 
We used to educate children in schools … Politicians changed that.
 
We used to enforce LEGAL citizenship … Politicians changed that.
 
We used to have affordable food & gas prices … Politicians changed that, too. … and one could go on and on with this list.
 
What hasn’t been changed, politicians are promising to change that as well if you will elect them.
 
When, oh when, is America going to sit back with open eyes and look at what we once were and where we have come and say, enough is enough?
 
The trouble is, America ’s youthful voters today don’t know of the great America that existed forty and fifty years ago. They see the world as if it has always existed, as it is now.
 
When will we wake up? Tomorrow may be too late. When will America realize Politicians are what is wrong with America ?
 
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Ain’t America Great?  Tell a soldier you appreciate them, then it will be again.

Later,  Steve

Is there an answer to this madness?

From Carl on the banking crisis.  I’m also attaching Chuck Baldwin’s acceptance of the Ron Paul endorsement at the end.

Have your stock portfolio, your mutual funds and your other investments and savings suffered a major – and continuing – decline lately?  Are you feeling nervous and angry at the prospect of suddenly being responsible for another ten thousand dollars and more, per citizen, of national debt?  Are you feeling the pinch of a drastically eroded dollar that doesn’t buy nearly as much as it did just a few years ago?  Are you worried that retirement is beyond reach now, or that it won’t have the golden lustre you had anticipated?  Are you watching your standard of living decline, even though you are working harder than ever to realize “The American Dream?”  Are you angry that the Federal Reserve System, represented by that idiot Ben Bernanke, with its fiat money system, can’t seem to keep the dollar strong without firing up the printing press on a regular basis and sticking the taxpayer with another trillion dollar dun?

We must insist that the market take its own corrective action, and suffer its own consequences, to correct this imbalance WITHOUT a bailout or any other interference by the political crowd in WDC.  It will be painful, to be sure, but a bailout will only perpetuate and exacerbate the problem by encouraging another trillion dollar crisis down the road.  This is the third trillion dollar crisis since the S&L debacle in the late eighties.  The second one was the “dot com” collapse just a few years ago.  That one cost in excess of a trillion dollars of taxpayer money as well.  Over the course of the last 25 years or so, more than 4 trillion dollars of paper fiat money has been created out of thin air to fund these frauds.  People on fixed incomes are going to have a terrible time in retirement.  Many of them will be forced to return to the work force because of the erosion of their buying power caused by the devaluation and inflation resulting from the infusion into the economy of these trillions of dollars that aren’t backed by anything other than an empty promise of market equilibrium and the sinister certainty of more of the same from WDC in future. 

If that collection of monumental fools in WDC wants to do something to alleviate this mess, they could begin by reversing some of the deregulation that has been the overt cause of these disasters.   Instead of bailing the banksters out, they could insist they be held accountable by allowing the market to correct itself.  That is exactly what it would do, in very little time at all.  However, we should not hold our breath.  This fraud works for the people in corporate and banking power positions, as well as the people in WDC, who are supposed to be keeping a tight fiscal reign on them.  It won’t stop now until we, the citizenry being fleeced, collectively demand that our insidious government keep its hands off any contrived “solution,” especially one that creates fiat money out of thin air as the centerpiece of that solution.  The powers in WDC, who are, according to the Constitution, supposed to be responsible for maintaining a “sound” monetary system, could also begin to preclude future monetary disasters of this sort, by reversing the process from a fiat currency toward a REAL currency based on precious metal.  Again, don’t hold your breath – that would signal the end of deficit spending and personal power, through set-asides, in WDC.  And finally, they could take their oath of fealty to the Constitution seriously, by reclaiming responsibility for maintaining and distributing our currency, abolishing the Federal Reserve System, a foreign-owned private corporate entity with no official ties to our government or our country, that does nothing beneficial for us, but charges exhorbitant fees for the printing and distribution of our worthless, legal tender, fiat currency.

How long will it take for the American taxpayer to become fed up with this shyster game?  Will we squander our country entirely before we wise up?  Apparently stupid Americans can’t understand that they are in for a cyclic fleecing from now on if they don’t put the skids on this wholesale theft through a succession of bailouts, each urged by the same people who engineered the crisis each time.

Consider that the two major candidates for PotUS WILL each, without the shadow of a doubt, continue the current system as it is, with no meaningful reform.  Obamanation is simply a democrat and, as such, is inherently communistic in his beliefs.  Witness the fact that he is, by any objective measure, far and away the most liberal congressman in WDC in the current session, and possibly for all time right to the present.  He WANTS government in total control of everything.  McCrud, “Mr. Amnesty,” is the direct cause of the S&L disaster that signaled the beginning of this cyclical fraud.  He is also very pro-bailout, as he makes clear every day.  His hidden agenda is the inexorable march toward implementation of the SPP plan for the North American Union.  He WANTS America to lose her sovereignty and eventually become subservient to the United Nations or some other one-world government.

In my humble opinion, only Chuck Baldwin represents any return to sanity for this country’s future.  He is an adherent of Ron Paul’s economic philosophy of sound money, tied to precious metal, and will do his very best to oppose a further slide toward the end of sovereignty of America.  I urge you to consider his platform and his promises for Constitutional government.  We desperately need that return to Constitutional sanity…  and very SOON…  !!

THANK YOU, DR. RON PAUL

 

 

By Chuck Baldwin
September 24, 2008
NewsWithViews.com

Yesterday, September 22, Congressman Ron Paul publicly gave me his endorsement for the office of President of the United States. In his blog at the Campaign for Liberty web site, he said, “I’m supporting Chuck Baldwin, the Constitution Party candidate.” (See the complete statement)

Obviously, I could not be more delighted and honored to have Dr. Paul’s endorsement. I called him last evening and thanked him personally. And now I want to thank him publicly.

I am fully aware that Dr. Paul was under considerable pressure from various groups that were actively soliciting his support. I can honestly say that I never lobbied Dr. Paul for his endorsement. He knew I would be thrilled to have it, but I have too much respect for Ron Paul to be so presumptuous as to expect him to endorse me. I completely understood his neutrality. He has strong ties to both the Libertarian and Constitution parties–not to mention the obvious fact that he is a ten-term Republican Congressman with much support from the Republican Party in his home district.

I was happy to support Ron Paul during the Republican primaries, because I believe in the same principles. I personally campaigned for him in several states and in this column. And I asked (or expected) nothing in return. In fact, I have stated this publicly, time and again: if Ron Paul had won the Republican nomination for President, I would not be running. I would still be supporting Ron Paul.

I am running for President because the Republican Party rejected Ron’s Paul’s message of constitutional government, fiscal responsibility, and non-interventionism. Therefore, someone had to pick up the mantle and carry this message into the general election. The Constitution Party asked me to be their standard-bearer in order to bring this message to the American people in November. So, here I am. And now, Ron Paul’s endorsement is further substantiation that the message of constitutional government will not die in 2008. The American people still have a real choice instead of the big-government, globalist, interventionist, “big box” party candidates, John McCain and Barack Obama.

Ron Paul’s message is my message; Ron Paul’s fight is my fight.

I want to return America to constitutional government. “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.” (Amendment X) I believe that, and will govern the Executive branch of the federal government accordingly.

My sworn oath to the Tenth Amendment means I would dismantle the Patriot Act and restore law enforcement to the states and local governments, where it rightly belongs. Yes, this includes the so-called “war on drugs” and the so-called “war on terror.” No more warrantless searches and seizures. No more eavesdropping on Americans’ phone calls, or collecting Americans’ emails, or spying on American citizens without court order and oversight. No more stripping Americans of their constitutional rights in the name of “national security.” In addition, I would use every power and authority vested to my office to preserve and protect the right of the people to keep and bear arms. And, yes, I will immediately restore Posse Comitatus. As President, I want to protect America from Washington, D.C., as much I want to protect it from foreign powers.

I will also take the words of the Declaration of Independence seriously, where it states, “That these United Colonies are, and of Right ought to be Free and Independent States.” This means the day I am sworn in as President of the United States, the New World Order comes crashing down! The NAFTA superhighway is dead. The North American Union is dead. I will work to eliminate NAFTA, CAFTA, GATT, and the WTO. The FTAA is DOA. I will not expend tax dollars for the support of the United Nations.

Furthermore, I will take my oath to the Constitution seriously, when it states that one of the express purposes of the federal government is to “repel Invasions.” This means we will secure America’s borders, because the illegal immigration crisis is more than mere immigration: it is an invasion, and I will stop it! Even if I have to send the U.S. Army to the borders, we will put a stop to this invasion of illegal aliens. I will also aggressively prosecute those employers who knowingly hire illegals. And did I mention that my first day in office is Border Patrol Agents Ramos and Compean’s last day in prison? I will personally open the prison doors and restore to these men their freedom. I will also give them their jobs back (with pay), if they want them. And one more item on this point: my first day of office is also U.S. Attorney Johnny Sutton’s last day on the job.

I also share Ron Paul’s concerns for the way the two major parties have allowed the United States to become a meddlesome, interventionist, nation-building empire for the sake of satisfying the greedy machinations of international bankers and power-hungry politicians. I will not only bring our troops home from Iraq and Afghanistan, but also from most of the other 130 nations that currently house U.S. forces. I will end foreign aid. I will get the U.S. out of NATO. It is past time for the European states to defend themselves. It is time for us to stop sticking our nose in every other nation’s business and start taking care of the United States. The Warfare State will kill us. Global empires are not sustainable. I repeat: global empires are not sustainable. If history teaches anything, it teaches that.

Furthermore, the Bush doctrine of pre-emptive war is over, when I become President. Because I will take my oath to the Constitution seriously, I would never send troops to invade and occupy a foreign country without a Declaration of War by Congress. In dealing with rogue terrorist organizations such as al Qaeda, I will seek letters of Marque and Reprisal from Congress, which would give me the authority to use whatever special and/or private forces are necessary to seek out and destroy those who desire our hurt.

And even though I am a born again Christian (as is Ron Paul), I would take my responsibility to protect the religious liberty of every American seriously. People have the right to worship God (or not worship God) according to the dictates of their own conscience. Whether one is Baptist, Catholic, Mormon, or agnostic, people have the right to practice their faith as they see fit. I am absolutely dedicated to preserving religious liberty. Religious tyranny is as evil as political or social tyranny. And, as I will be no man’s slave, neither will I be any man’s master.

I also share Ron Paul’s commitment to the sanctity of life. When I become President, I will use the bully pulpit of the White House to press Congress to pass Dr. Paul’s Sanctity of Life Act, which would overturn Roe v. Wade and end abortion-on-demand. On this topic, the GOP is especially hypocritical. The Republican Party controlled the entire federal government for six years and did nothing to save the life of a single unborn child. Saving unborn babies from the abortionists’ scalpel is more than rhetoric with me, however.

Another area of agreement with Ron Paul is my philosophy of economics. Dr. Paul has been predicting the current financial meltdown in this country for years. And when all is done, the current bailout being proposed will do more harm than good. The problem is, America’s leaders have rejected sound money policies for years, and the chickens are coming home to roost.

As President, I would seek to overturn the 16th Amendment, eliminate the Internal Revenue Service, and disband the Federal Reserve. I would lead the charge to return America to sound money principles. I would seek to reduce federal spending to constitutional levels by eliminating those same federal departments that Newt Gingrich promised to eliminate in his Contract with America back in 1994 (and then failed to do). I would seek to eliminate the Departments of Education, Commerce, Energy, etc. I would demand that Congress pass a balanced budget and that we stop deficit spending.

Neither John McCain nor Barack Obama will do any of the above. If he were President, Dr. Paul would do it, however, and so would I.

Needless to say, I am both humbled and honored that Ron Paul would place enough faith in me that he would endorse me for President. I can think of no higher compliment to my candidacy. I here and now publicly thank him for this vote of confidence. I know my Vice Presidential running mate, Darrell Castle (a former Marine Corps officer and Vietnam veteran), joins me in inviting all of Dr. Paul’s supporters to help us take the message of constitutional government into the general election on November 4. Thank you.

*Disclaimer: I am currently a candidate for President of the United States on the Constitution Party ticket. Click here for my official campaign web site.

AMERICA REDUCED TO THIRD WORLD STATUS

Here is what my friend Mike Davis is now sending me…does it worry you?

 

WARNING: By Executive Order without Congressional Oversight, the National Security Agency (NSA) can read any and all emails at any given time, without a court order, and/or without probable cause. Articles, opinions, and alternative news by bloggers, journalists, and /or private citizens were protected under 1st & 4th Amendment Rights and currently being challenged by the Electronic Frontier Foundation (EFF) at: www.eff.org Exercise your Right to Free Speech TODAY !

Read this from my friend Carl, who did listen to what I said years ago on the show:

By Joan Veon
September 22, 2008
NewsWithViews.com

World history is spotted with stories of political conquests: Attila the Hun, Genghis Khan, the Pharaohs, Alexander the Great, and Roman Caesars, each who seized physical control of a country, its economy and assets. History holds no story of a take over based solely on a country’s assets, until now. The modern day Attila’s, Genghis Khan’s, Pharaoh’s, and Caesar’s are the men who own and control the Central Banks of the world. America’s Central Bank is the Federal Reserve, which controls our monetary system, is not part of our governmental system, and, although its name would imply, it has no reserves.

The 13th month of America’s credit crisis may hold its own in history as a country whose economic power and bulk of wealth overnight become the assets of the Federal Reserve. This may well be the finest coup d’état.

For more than a week the news media has been a buzz, clamoring for the need to change our regulatory system. The passage, by Congress, of “The Treasury Blueprint for a Modernized Financial Regulatory System,” will hand over to the Federal Reserve the last vestiges of our financial sovereignty: savings and loans; state chartered banks; thrifts and credit unions; the entire mortgage and insurance systems, as well as oversight of the Payment and Settlement System of Wall Street. In addition, the Feds would gain oversee rights to all of America’s financial markets. (Read “The Treasury Blueprint for a Modernized Financial Regulatory Structure,”).

Most Americans can’t fathom what is really happening. How could something like this happen in America? How did people who lived through the 1929 Crash and Great Depression manage when everything they knew changed overnight? The answer is: they were not in debt the way Americans are today. Multi-generations lived together, all working to pay off the mortgage. Additionally, a great many families lived on farms where they could raise their own food. Today, we are dependent on large banks for our mortgage and debt and big grocery stores for our food rather than our own farm.

We know from various historians that when the stock market crashed in 1929, the Federal Reserve was at fault because they did not put liquidity into the system but took it out, thus exacerbating the Crash and causing the Great Depression. In response, on the day he was sworn in, newly elected President Franklin D. Roosevelt took control of all private ownership of gold when he closed the banks down. He also instituted a number of socialistic measures to put Americans to work with infrastructure projects. Today, the Federal Reserve is putting billions of newly printed dollars into the American and global financial system which will increase the interest on the debt that Americans owe to the Federal Reserve. We have no idea, at this time, what that will do to our purchasing power, but you can be sure that it will drop. In fact, the value of the dollar could drop so low that we will have to merge our currency with Canada, Mexico, and the other countries of this hemisphere, or even forego the proposed Amero for the Special Drawing Right-SDR, a basket of five currencies: the dollar, the Swiss Franc, the British pound sterling, the euro and the yen. The SDR is the currency used by the IMF/World Bank and adopted several years ago by the Bank for International Settlements when they changed from the gold franc to the SDR.

I am grateful to geopolitical expert Terry Hayfield, who introduced me to the writings of Harvard economist Joseph Schumpeter. Schumpeter came up with the idea of creative destruction as a way of saving capitalism, or should we say, transferring the value of capitalism from many to a few powerful insiders? Since capitalism is an ism, like Marxism, socialism, or fascism, you need to prop it up by destroying in order to “save.” Our economy has been propped up by debt: mortgages, credit cards, home equity loans, lines of credit, auto loans, tuition loans, medical loans, Treasury bills, notes and bonds, Fannie Mae and Freddie Mac, commercial loans, business loans, etc. We must also keep in mind that for every loan interest or a usury is being collected. We are a debtor nation.

Creative Destruction is the key component, as seen in most of this past weeks headlines. The Financial Times screamed: “CREDIT PANIC HITS HISTORIC LEVELS;” “FAR REACHING CHANGES LOOM IN US;” “PUSH FOR CRISIS BREAKTHROUGH;” and “GLOBAL MARKETS ROAR IN APPROVAL, US Rescue Plan Sparks Record Rises for Equities.” The Washington Post reiterated: “STOCKS PLUMMET AS LENDING FREEZES UP, Lawmakers Left on the Sidelines as Fed, Treasury Take Swift Action;” “US PROPOSES $500B BAILOUT, Bush’s Shifting Ideology,” and “PRESIDENT SEEKS HISTORICALLY BROAD MARKET INTERVENTION.” This mornings,(Sunday) The Washington Post headlines read: “WASHINGTON READIES SEA CHANGE FOR WALL STREET, Cultural and Structural Shifts Rise Out of Risk-Taking Titans’ Hard Fall” and “RESCUE PLAN GROWS TO $700B, Similar Measurers Urged Overseas.”

If you listened to the commentators on CNBC business news, what you heard from time to time from the mouth of Erin Burnett is “creative destruction” and “Schumperterism.” The following is a dialogue from September 15 with Larry Cudlow, Mark Haines and Erin Burnett:

Mark Haines: “Is this another example of creative destruction for the failure of government?”
Larry Cudlow: “Lots of mistakes but the role of creative destruction and Schumperter play a role here.”
Erin: “We have a philosophy of –a veil of uncertainty and Schumpertism….”

As I have written before, our entire economy and all of our assets are in the process of being transferred to the Federal Reserve, who now appears to be running the United States of America. We have had a bloodless coup by a very, very powerful group of ruthless men who not only control the United States of America but in unity, control the world in conjunction with all of the other central banks. Furthermore, they have united to intervene in global markets. Their apex: the Bank for International Settlements, (BIS), located in Basle, Switzerland. During this past week, as they acted in concert with liquidity to the tune of $600B, opening up their discount windows for 24 hour loans to any banking institution in trouble, it may be fair to say a world or global central bank was birthed.

For America, it began in 1913 when those who opposed a central bank went home for Christmas. In 1913, on December 24th, at 11:45 p.m., after their colleagues left to go home for the holidays, greedy politicians pushing for a central bank garnered enough votes to pass it. What is a central bank? The idea began originally in Sweden who decided that they would set up a private corporation to lend monies to the government at interest. The government would pay interest on the principal borrowed forever. Interest in perpetuity! Can you imagine interest being paid to you forever? This is usury par excellent and is known as bondage. This brilliant idea was adopted by Holland which transported it to England, and little by little around the world. While America had its own central bank which was formed at the time of our Independence, it was closed by Andrew Jackson and never renewed until 1913.

Ever since the Federal Reserve Act was passed, Congress voted over 195 times to give the Federal Reserve more power. In essence, Congress has voted away all their authority and power to protect us. If they don’t vote for the emergency package, i.e. Resolution Trust and Blueprint, the market will crash. If they do vote for it, the American people are reduced to serfs and slaves in the New World Order which will be run by the real financial center of the world, the City of London. Either way they will be blamed. Basically they should be tried and hanged for treason along with every president and Congress before them down to 1913.

With most Americans up to their eyeballs in debt, it is as if we have been led to the slaughter. First the $7T crash of the NASDAQ in 1999 where the value of our stocks and bonds dropped which was followed by 9/11 where the government told Americans to support our economy by “going out to spend.” The Fed accommodated Bush by dropping interest rates to 45 year lows. Naive and happy Americans bit the apple and went out and purchased the American Dream. The level of debt rose astronomically. Then there were home equity lines of credit. Wow! All this for us. No—we have been thrown into the lion’s den—be it Daniel’s Lion’s Den or the Coliseum. Now, using the credit crisis which, in my opinion was created, these 21st Century Attila the Huns, aka the Federal Reserve, is coming in for the kill.

These carpet-baggers are going to clean up and become the new royalty in America, owning homes across the land that they were able to purchase for two cents on the dollar. The first time they did this was in 1980 with the Savings and Loan Crisis when the same kind, but different types of events were orchestrated to bring down the institutions that held commercial real estate. Do you remember that Congress authorized the Resolution Trust Corporation which was financed by our tax dollars to get rid of all the “worthless” commercial real estate? The problem is that we never had any accounting and no public disclosure about who bought what assets as it was all very clandestine. Now 28 years later, we have the same situation, except it is our mortgages. What happened between then and now?

The price of homes rose substantially. In 1970 before Nixon took the dollar off the gold standard, you could buy in the Washington, D. C. area, a three bedroom all brick house on ½ acre for $32,000. today that same home sells for a reduced price of $450,000 – $500,000, depending on where it is located. Our currency has been devalued substantially. That is the real reason for inflated prices along with the situation that was created after the 9/11 tragedy. The Federal Reserve lured Americans into their dream house which is now their worst nightmare by dropping interest rates to 45 year lows and creating the mortgage bubble. In the Washington, D. C. area, you could not find a house to buy cause of all the activity. Prices for homes doubled in a very short period of time.

What can we expect, now that we are in the Lion’s Den? Congress will pass the legislation that the Federal Reserve wants as early as Monday morning to clam the markets. Please see the accompanying article on “The Blackmailing of Congress.” This legislation will not tell us everything we want or should know. I can only assume the following based on fourteen years of research:

First of all, as a result of the International banker turned Treasury Secretary and the Federal Reserve chairman’s actions to rescue AIG without Congressional or Presidential approval, those actions set LEGAL precedence for replacing and changing the Constitution. Never before in the history of America has a president delegated total Presidential authority to a non-elected official.

Secondly, International banker Hank Paulson said Sunday morning in an interview with Tom Brokow regarding the complexity of the mortgage market and the securitization process by which mortgages are sold to investors, “We have over-complexity. Securitization is putting [mortgages in] tranches and selling them all over the world and that is the risk.” On another Sunday morning show, the host, Chris Wallace said of Paulson, “[He] will accept some provision to let people to renegotiate mortgage to stay in home or other huge packages. But there will be a Main Street renegotiation in this bill because we are scared of the consequences.”

I believe there will be major changes in the mortgage market here in America. It will be globalized and changed to the same kind of feudalistic structure that the Europeans and Commonwealth countries have. According to my research, America’s move to feudalism is in the process of being finalized. The backbone of the middle class is home ownership which also includes the property under the building. I believe that the new system will change America’s entire mortgage structure to leasehold, a system used all over Europe whereby individuals will pay a monthly rent to the owner of the property that their house sits on. There will be a total restructuring of property rights in America to fit our new third world status. All of the rights of property ownership will be changed forever—gone with the wind. If you don’t have a mortgage you do not need to worry.

The need to pass massive legislation by Monday morning or by Friday afternoon the latest, is indicative of the high stakes of what will change and the assets that are about to transfer from the American taxpayer to the Federal Reserve. Congress is being blackmailed. The Treasury Blueprint lays this all out.

Thirdly, President Bush tried to recommend a flat tax in 2003. I wrote extensively on this back then. The truth of the matter is that if you are going to have a global currency, you are also going to have a global tax. America is the only country NOT to have a tax on services or a Value Added Tax-VAT. The repercussions of this takeover of America is that our cities, states and federal government are broke. One of the ways to “bail us out” is to create an “Infrastructure Corps” similar to the various programs Roosevelt created in the 1930s. To pay for it, we will need a VAT tax. Obama has already alluded to the “Infrastructure Corps” and he has talked about a capital gains tax on the sale of property.

Lastly, from Sunday’s talk shows, it appears that New York City Mayor Richard Bloomberg will head up the newly proposed Resolution Trust Corporation. We are being given major promises about how fair it will be. However, if history is any indication, we will receive nothing and end up holding the bag for the worthless paper that supports the assets. The bottom line is that you and I have always gotten the crumbs from the table, if congress does not approve what we are being told is the solution, we will not even have the crumbs. We are no longer in America but AmeriKa. It is time to hit our knees and repent for our own sins and ask God to save us.

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Please visit Joan’s website:. Call 301-371-0541 to purchase her newsletter, “Global Observations.” The last three issues discuss in detail the structural changes to the stock market and to our financial system. Joan’s two recent videos go hand in hand: “21st Century Feudalism,” a two hour teaching and “Creative Destruction and the 2008 Credit Crisis—the Final Loss of American Financial Sovereignty” just recorded two days ago.

© 2008 Joan Veon – All Rights Reserved

Army deploys combat unit in US for possible civil unrest

Thanks to Tim Weatherly…

“Today Americans would be outraged if U.N. troops entered Los Angeles to restore order; tomorrow they will be grateful. This is especially true if they were told there was an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead with world leaders to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well being granted to them by their world government.”  — Henry Kissinger speaking at Evian, France, May 21, 1992 Bilderburgers meeting. Unbeknownst to Kissinger, his speech was taped by a Swiss delegate to the meeting.”

Are you ready? Were you listening to the show when I told you this was coming?  Or were you just like the rest who told me that I was crazy talking about the Constitution and Ron Paul?

Read this:

Bill Van Auken
WSWS
September 26, 2008

For the first time ever, the US military is deploying an active duty regular Army combat unit for full-time use inside the United States to deal with emergencies, including potential civil unrest.

Beginning on October 1, the First Brigade Combat Team of the Third Division will be placed under the command of US Army North, the Army’s component of the Pentagon’s Northern Command (NorthCom), which was created in the wake of the September 11, 2001 terrorist attacks with the stated mission of defending the US “homeland” and aiding federal, state and local authorities.

The unit—known as the “Raiders”—is among the Army’s most “blooded.” It has spent nearly three out of the last five years deployed in Iraq, leading the assault on Baghdad in 2003 and carrying out house-to-house combat in the suppression of resistance in the city of Ramadi. It was the first brigade combat team to be sent to Iraq three times.

While active-duty units previously have been used in temporary assignments, such as the combat-equipped troops deployed in New Orleans, which was effectively placed under martial law in the wake of Hurricane Katrina, this marks the first time that an Army combat unit has been given a dedicated assignment in which US soil constitutes its “battle zone.”

The Pentagon’s official pronouncements have stressed the role of specialized units in a potential response to terrorist attack within the US. Gen. George Casey, the Army chief of staff, attended a training exercise last week for about 250 members of the unit at Fort Stewart, Georgia. The focus of the exercise, according to the Army’s public affairs office, was how troops “might fly search and rescue missions, extract casualties and decontaminate people following a catastrophic nuclear attack in the nation’s heartland.”

“We are at war with a global extremist network that is not going away,” Casey told the soldiers. “I hope we don’t have to use it, but we need the capability.”

However, the mission assigned to the nearly 4,000 troops of the First Brigade Combat Team does not consist merely of rescuing victims of terrorist attacks. An article that appeared earlier this month in the Army Times (“Brigade homeland tours start Oct. 1”), a publication that is widely read within the military, paints a different and far more ominous picture.

“They may be called upon to help with civil unrest and crowd control,” the paper reports. It quotes the unit’s commander, Col. Robert Cloutier, as saying that the 1st BCT’s soldiers are being trained in the use of “the first ever nonlethal package the Army has fielded.” The weapons, the paper reported, are “designed to subdue unruly or dangerous individuals without killing them.” The equipment includes beanbag bullets, shields and batons and equipment for erecting roadblocks.

It appears that as part of the training for deployment within the US, the soldiers have been ordered to test some of this non-lethal equipment on each other.

“I was the first guy in the brigade to get Tasered,” Cloutier told the Army Times. He described the effects of the electroshock weapon as “your worst muscle cramp ever—times 10 throughout your whole body.”

The colonel’s remark suggests that, in preparation for their “homefront” duties, rank-and-file troops are also being routinely Tasered. The brutalizing effect and intent of such a macabre training exercise is to inure troops against sympathy for the pain and suffering they may be called upon to inflict on the civilian population using these same “non-lethal” weapons.

According to military officials quoted by the Army Times, the deployment of regular Army troops in the US begun with the First Brigade Combat Team is to become permanent, with different units rotated into the assignment on an annual basis.

In an online interview with reporters earlier this month, NorthCom officers were asked about the implications of the new deployment for the Posse Comitatus Act, the 230-year-old legal statute that bars the use of US military forces for law enforcement purposes within the US itself.

The Posse Comitatus Act is a United States federal law (18 U.S.C. § 1385) passed on June 16, 1878 after the end of Reconstruction. The Act prohibits most members of the federal uniformed services (the Army, Air Force, and State National Guard forces when such are called into federal service) from exercising nominally state law enforcement police or peace officer powers that maintain “law and order” on non-federal property (states, their counties and municipal divisions) in the former Confederate states.

The statute generally prohibits federal military personnel and units of the United States National Guard under federal authority from acting in a law enforcement capacity within the United States, except where expressly authorized by the Constitution or Congress. The Coast Guard is exempt from the Posse Comitatus Act.

The Posse Comitatus Act and the Insurrection Act substantially limit the powers of the federal government to use the military for law enforcement

Col. Lou Volger, NorthCom’s chief of future operations, tried to downplay any enforcement role, but added, “We will integrate with law enforcement to understand the situation and make sure we’re aware of any threats.”

Volger acknowledged the obvious, that the Brigade Combat Team is a military force, while attempting to dismiss the likelihood that it would play any military role. It “has forces for security,” he said, “but that’s really—they call them security forces, but that’s really just to establish our own footprint and make sure that we can operate and run our own bases.”

Lt. Col. James Shores, another NorthCom officer, chimed in, “Let’s say even if there was a scenario that developed into a branch of a civil disturbance—even at that point it would take a presidential directive to even get it close to anything that you’re suggesting.”

Whatever is required to trigger such an intervention, clearly Col. Cloutier and his troops are preparing for it with their hands-on training in the use of “non-lethal” means of repression.

The extreme sensitivity of the military brass on this issue notwithstanding, the reality is that the intervention of the military in domestic affairs has grown sharply over the last period under conditions in which its involvement in two colonial-style wars abroad has given it a far more prominent role in American political life.

The Bush administration has worked to tear down any barriers to the use of the military in domestic repression. Thus, in the 2007 Pentagon spending bill it inserted a measure to amend the Posse Comitatus Act to clear the way for the domestic deployment of the military in the event of natural disaster, terrorist attack or “other conditions in which the president determines that domestic violence has occurred to the extent that state officials cannot maintain public order.”

The provision granted the president sweeping new powers to impose martial law by declaring a “public emergency” for virtually any reason, allowing him to deploy troops anywhere in the US and to take control of state-based National Guard units without the consent of state governors in order to “suppress public disorder.”

The provision was subsequently repealed by Congress as part of the 2008 military appropriations legislation, but the intent remains. Given the sweeping powers claimed by the White House in the name of the “commander in chief” in a global war on terror—powers to suspend habeas corpus, carry out wholesale domestic spying and conduct torture—there is no reason to believe it would respect legal restrictions against the use of military force at home.

It is noteworthy that the deployment of US combat troops “as an on-call federal response force for natural or manmade emergencies and disasters”—in the words of the Army Times—coincides with the eruption of the greatest economic emergency and financial disaster since the Great Depression of the 1930s.

Justified as a response to terrorist threats, the real source of the growing preparations for the use of US military force within America’s borders lies not in the events of September 11, 2001 or the danger that they will be repeated. Rather, the domestic mobilization of the armed forces is a response by the US ruling establishment to the growing threat to political stability.

Under conditions of deepening economic crisis, the unprecedented social chasm separating the country’s working people from the obscenely wealthy financial elite becomes unsustainable within the existing political framework.

http://www.infowars.com/?p=4887

Former Kissinger Policy Planner, CFR Member Calls For New Global Monetary Authority

Here is an article by Steve Watson…please note that Jeffery Garten is the husband of Ina Garten, whom you or your spouse may know as the “Barefoot Contessa” on the Food Network…so he’s a nice, sweet guy if you’ve ever seen him on that show.  My wife states she’ll never watch the show again after seeing this piece.

Steve

A Council on Foreign Relations member and former policy planner under prominent Bilderberger Henry Kissinger has penned a piece in the Financial Times of London calling for a “new global monetary authority” that would have the power to monitor all national financial authorities and all large global financial companies.

“Even if the US’s massive financial rescue operation succeeds, it should be followed by something even more far-reaching the establishment of a Global Monetary Authority to oversee markets that have become borderless.” writes Jeffrey Garten, also a former managing director of Lehman Brothers.

Garten, now a professor of business at Yale, served on the policy planning staff of Kissinger during his time as Secretary of State. He also served on the White House Council on International Economic Policy under the Nixon administration and went on to become the Undersecretary of Commerce for International Trade under Bill Clinton.

Citing globalization”, A clash of philosophies and the vacuum at the centre of the current global institutional apparatus, Garten describes his vision for a new monolithic world authority to oversee all financial activity around the globe.

Here are some of the highlights (emphasis added):

A GMA (global monetary authority) would be a reinsurer or discounter for certain obligations held by central banks. It would scrutinise the regulatory activities of national authorities with more teeth than the IMF has and oversee the implementation of a limited number of global regulations. It would monitor global risks and establish an effective early warning system with more clout to sound alarms than the BIS has.

It would act as bankruptcy court”for financial reorganisations of global companies above a certain size. The biggest global financial companies would have to register with the GMA and be subject to its monitoring, or be blacklisted. That includes commercial companies and banks, but also sovereign wealth funds, gigantic hedge funds and private equity firms.

The GMAs board would have to include central bankers not just from the US, UK, the eurozone and Japan, but also China, Saudi Arabia and Brazil. It would be financed by mandatory contributions from every capable country and from insurance-type premiums from global financial companies publicly listed, government owned, and privately held alike.

In a conclusion that smacks of problem, reaction, solution (Hegelian dialectic) Garten adds In terms of US and international politics, a Global Monetary Authority is probably an idea whose time has not yet come. That may change as todays crisis evolves.”

What he describes is nothing less than a global financial dictatorship, operating across borders and forcing nations and corporations to register and adhere to strict monitoring and obey the same regulations. The implementation of such a system would represent total interventionism and the absolute final nail in the coffin of the free market.

Garten’s call for a GMA echoes a piece published in the FT back in June by Timothy Geithner, president of the Federal Reserve Bank of New York.

Fresh from attending the Bilderberg conference in Chantilly, Virginia, Geithner called for a globalized banking system with “appropriate requirements for capital and liquidity”.

http://www.prisonplanet.com/former-kissinger-policy-planner-cfr-member-calls-for-new-global-monetary-authority.html

Pay particular attention to this statement, then read the next post….(Steve)

 

“Today Americans would be outraged if U.N. troops entered Los Angeles to restore order; tomorrow they will be grateful. This is especially true if they were told there was an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead with world leaders to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well being granted to them by their world government.”  — Henry Kissinger speaking at Evian, France, May 21, 1992 Bilderburgers meeting. Unbeknownst to Kissinger, his speech was taped by a Swiss delegate to the meeting.

Hey U.S., welcome to the Third World!

From Mike Davis:

 

Rosa Brooks
September 18, 2008

Dear United States, Welcome to the Third World!

It’s not every day that a superpower makes a bid to transform itself into a Third World nation, and we here at the World Bank and the International Monetary Fund want to be among the first to welcome you to the community of states in desperate need of international economic assistance. As you spiral into a catastrophic financial meltdown, we are delighted to respond to your Treasury Department’s request that we undertake a joint stability assessment of your financial sector. In these turbulent times, we can provide services ranging from subsidized loans to expert advisors willing to perform an emergency overhaul of your entire government.

As you know, some outside intervention in your economy is overdue. Last week — even before Wall Street’s latest collapse — 13 former finance ministers convened at the University of Virginia and agreed that you must fix your “broken financial system.” Australia’s Peter Costello noted that lately you’ve been “exporting instability” in world markets, and Yashwant Sinha, former finance minister of India, concluded, “The time has come. The U.S. should accept some monitoring by the IMF.”

We hope you won’t feel embarrassed as we assess the stability of your economy and suggest needed changes. Remember, many other countries have been in your shoes. We’ve bailed out the economies of Argentina, Brazil, Indonesia and South Korea. But whether our work is in Sudan, Bangladesh or now the United States, our experts are committed to intervening in national economies with care and sensitivity.

We thus want to acknowledge the progress you have made in your evolution from economic superpower to economic basket case. Normally, such a process might take 100 years or more. With your oscillation between free-market extremism and nationalization of private companies, however, you have successfully achieved, in a few short years, many of the key hallmarks of Third World economies.

Your policies of irresponsible government deregulation in critical sectors allowed you to rapidly develop an energy crisis, a housing crisis, a credit crisis and a financial market crisis, all at once, and accompanied (and partly caused) by impressive levels of corruption and speculation. Meanwhile, those of your political leaders charged with oversight were either napping or in bed with corporate lobbyists.

Take John McCain, your Republican presidential nominee, whose senior staff includes half a dozen prominent former lobbyists. As he recently put it, “I was chairman of the [Senate] Commerce Committee that oversights every part of the economy.” No question about it: Your leaders’ failure to notice the damage done by irresponsible deregulation was indeed an oversight of epic proportions.

Now you are facing the consequences. Income inequality has increased, as the rich have gotten windfalls while the middle class has seen incomes stagnate. Fewer and fewer of your citizens have access to affordable housing, healthcare or security in retirement. Even life expectancy has dropped. And when your economic woes went from chronic to acute, you responded — like so many Third World states have — with an extensive program of nationalizing private companies and assets. Your mortgage giants Fannie Mae and Freddie Mac are now state owned and controlled, and this week your reinsurance giant AIG was effectively nationalized, with the Federal Reserve Board seizing an 80% equity stake in the flailing company.

Some might deride this as socialism. But desperate times call for desperate measures.

Admittedly, your transition to Third World status is far from over, and it won’t be painless. At first, for instance, you may find it hard to get used to the shantytowns that will replace the exurban sprawl of McMansions that helped fuel the real estate speculation bubble. But in time, such shantytowns will simply become part of the landscape. Similarly, as unemployment rates continue to rise, you will initially struggle to find a use for the expanding pool of angry, jobless young men. But you will gradually realize that you can recruit them to fight in a ceaseless round of armed conflicts, a solution that has been utilized by many other Third World states before you. Indeed, with your wars in Iraq and Afghanistan, you are off to an excellent start.

Perhaps this letter comes as a surprise to you, and you feel you’re not fully ready to join the Third World. Don’t let this feeling concern you. Though you may never have realized it, you’ve been preparing for this moment for years.

http://www.latimes.com/news/opinion/commentary/la-oe-brooks18-2008sep18,0,7282720.column

Vicente Fox to Michigan: Jobs lost to Mexico aren’t coming back…..”Get Over It”

If you live in Michigan, worked in manufacturing and lost your job when GM or Ford switched production to Mexico, former Mexican President Vicente Fox has a little advice for you: Get over it. The jobs are gone and they’re not coming back. Focus on the high-tech and service industries instead, because that’s where your economy is going. “In the end, Michigan factories have to compete with factories in Mexico and China,” Fox said in a telephone interview with the Detroit News on Thursday. “Companies like General Motors and Ford and Maytag don’t have an option. They either close the doors and fire their workers, or they move where they can gain economic competitiveness.” From 1993, when the North American Free Trade Agreement was signed until 2004, Michigan lost 63,148 jobs according to the Economic Policy Institute. The Institute also estimates that the job loss rate at one out of every 69 jobs was the worst in the nation. Fox argues that America has no right to complain about the job losses when it was America that created NAFTA in the first place, which facilitated the job movement to Mexico. “As long as you have salaries of $15 to $20 an hour, you will keep losing jobs to economies that pay $5 an hour,” Fox said. “This great nation of the United States has to understand that the way we opened our markets, was to learn how to compete. Now that we have learned how to compete, the leaders of the United States are building walls.” Fox believes that Michigan’s job losses are simply the result of a changing economy, and rather than complain, Michigan should embrace new industries. “The loss of manufacturing jobs is a problem not only of Michigan but of the United States, and is a product of the new economy,” Fox said. “(But) you cannot look at it from an individual perspective. That’s the way General Motors, Ford and Chrysler were able to compete. That is good for the Michigan economy and also good for Mexico.” Fox, who was President of Mexico from 2000 to 2006, is in Michigan to promote his new book, “Revolution of Hope,” in which he speaks poorly of President Bush and mocks his “grade-school Spanish.” Once a close ally of President Bush, Fox refused to back the invasion of Iraq and relations chilled considerably. Fox has long been a critic of U.S. immigration policies, the border fence, the war in Iraq and has been identified by some as the single person most responsible for the outsourcing of U.S. jobs to Mexico. Fox has also been a major proponent of a North American Union similar to the European Union, with one single currency. He is speaking tonight at Wayne State University in Detroit, Michigan and on September 24 at Alma College in Alma, Michigan

http://wot.motortrend.com/6295043/auto-news/vicente-fox-to-michigan-jobs-lost-to-mexico-arent-coming-back/index.html

Ron Paul Blasts Secret Government Running Economy

From Mike Davis:

Congressman warns middle class in danger of being wiped out, says Congress is oblivious and Fed has no clue

Steve Watson
Infowars.net
Thursday, Sept 18, 2008

Congressman Ron Paul has issued a stinging address concerning the financial crisis in which he outlines how the current economic problems, created via malinvestment and shift to a debt based economy, are now being mismanaged by private interests in secret.

What’s more he says he is not sure the Federal Reserve has any idea what to do next and that the Congress is totally oblivious to the whole sorry state of affairs – a cocktail of elements he warns puts the middle class of America in serious jeopardy.

“Today we had a lot of financial fireworks in the markets, a lot of things are going on, and I think we are in the middle of something very big.” the Congressman stated.

Speaking on the recent collapse and government bailout of several big financial institutions he warned:

“We’re talking about big bucks, we’re not talking about hundreds of millions or even hundreds of billions, we’re talking about trillions of dollars, the obligation is immeasurable.”

“The interesting thing is that they (the financial institutions) don’t come to the Congress, I mean the Federal Reserve buys them out, they own it. We as tax payers now own Fannie Mae and Freddie Mac and know one knows how much that will cost. They don’t come to the Congress, we don’t have appropriations, it’s done by secret government, private individuals behind the scenes maneuvering and manipulating and trying to patch things up. While in the meantime, I’m sure there’s a few people making a couple of bucks out of this whole thing.”

(Article continues below)

The Congressman highlighted how an economy structured on debt and credit and a financial system based on interventionism and self serving moral hazard has led to gross devaluation of the dollar and ultimately lies at the root of the current financial meltdown.

“Our problems come first of all from the Federal Reserve. It is a monopoly and it controls interest rates artificially low, causes people to make mistakes, that’s the basic source. But then on top of that in the Housing market we had the community reinvestment act which told investors that they had to loan to risky borrowers, and that was a risky complication. HUD contributes to this, FDIC contributes, it’s called moral hazard, everything that we have done over here creates moral hazard, that is we assure people or assume that we will take care of everybody, just go out and create the risk, it is the opposite of the market place.” Paul stated.

“You can’t create money like we’re doing in order to support the dollar, because ultimately it hurts the dollar and everything we do in Washington today whether its on the appropriations side, whether it’s what the Fed is doing, buying up America, it’s all putting pressure on the dollar. One of these days we’re just going to have to wake up and say that we need to liquidate debt. This is malinvestment.” he urged.

The Congressman then slammed those who have blamed the crisis on failures of the free market:

“And then they have people come along and say ’see, this is the failure of capitalism’, this has nothing to do with capitalism, this is something that started off as interventionism and us being too involved in the economy for the benefit of special interests. But now it is being socialized out in the open.”

“The end of this comes when people reject the dollar and I think we’re getting awfully close to this.” Paul stated echoing comments from leading investors such as Jim Rogers, who predicted Monday that the dollar would soon lose its world reserve status.

“When you see the movement in the markets that we have today, you know that there are serious problems out there and Congress basically are oblivious, they have no idea what’s going on.” Paul continued.

“As a matter of fact I’m not even sure the Federal Reserve has any idea what to do about this. They’ve been manipulating and maneuvering for their own benefit over the years but eventually the market wins out.”

The Congressman’s comments were echoed today by reports indicating that the Congress cannot agree on any form of action and is likely to simply adjourn and “get out of the way”.

Senate Majority Leader Harry Reid told reporters that “no one knows what to do”.

In a stark warning, Ron Paul stressed that the longer the value of the dollar is allowed to depreciate, the greater the risk becomes for the majority of Americans:

“The reason this is so important is that if you care about people in a humanitarian sense, what you want to do is protect the value of the money. Just think of the third world nations when they have total run away inflation, the middle class gets wiped out. And what we are seeing today is the middle class being jeopardized by this type of system that we have, unlimited spending, unlimited debt, unlimited creation of new credit.”

“So it’s time that we wake up… The answers are in the free market, sound money and our Constitution.” Paul concluded.

Watch the full address by the Congressman below:

http://www.prisonplanet.com/ron-paul-blasts-secret-government-running-economy.html

More on the way to the New World Order

From Tom Beasley:

It looks like this Wall Street bailout from the Treasury is taxation without representation.  I heard someone say yesterday that why isn’t Congress or at least a designated Committee of Congress consulted for approval?  I have to agree that before we bail out business’ over which we apparently have no control, someone needs to check the think tank to see what’s floating in there.

This was not a NATURAL DISASTER, a back bite from Mother Nature.  It wasn’t sudden, so why, why do we have to rush to their aid when there are people (even inland) who could not control the Hurricane damage that we need to address, not only to help individuals, but to restore, protect and maintain our infrastructure?

 

Let’s take a minute to make this one comparison:

 

Hurricane = Homes, businesses, roads, power lines, sanitation facilities, vehicles, emergency facilities and equipment, fuel supplies, communications, etc., etc., destroyed, damaged or disrupted.  People displaced, unable to earn a paycheck, having to rebuild and refurbish homes, police and emergency personnel overtaxed and more and more and more.  We still haven’t settled the bill for the hurricane that devastated New Orleans and the Mississippi Gulf Coast.  “Unpreventable“, Emergency requiring immediate action.  Volunteers to help = many.  Storm chasers looking for profit, innumerable.  Immediate Government Aid in the millions, Damage in the Billions.  Eventual cost to the American taxpayer = Billions, still paying.  America helps Americans in trouble.

 

Lehmann Bros., Merrill Lynch, AIG and more failed or failing.  Cause = Mismanagement and Greed.  Preventable!  Cost = Billions

Loss of jobs = most certainly some.  Weakening of the economy, definitely.  Immediate Government Aid in the Billions.  The lenders – the American Taxpayer.   The already burgeoning National Debt – Astounding beyond belief.  Volunteers to help = few to none outside of Government (the “US Government)!  Someone signed the note for us without asking.

 

I’ll let y’all chew on the front porch on all of this and listen to see what you and the other listeners and callers spit out.

Nashville ran out of gas

I hope everyone saves this story for later…

Steve

Tennessee gas shortages are reminiscent of the 70’s. Long lines, some spending hours waiting and driving around town looking for a pump with any gas at all. Some stations have a five gallon limit.

It’s not just Nashville. In Murfreesboro, Smithville, Franklin and other outlying towns it’s the same. The news is reporting that no gas at all can be found in Franklin. TV interviews with some of the waiting in line ‘victims’ show some saying they would pay anything, “I need gas”. One girl was even crying because she was afraid of getting fired from her job if she couldn’t get there.

A real shortage or contrived with Tennessee as a test case to see how the masses will react in the event of shutdowns? So far no riots.

We’ve heard from a couple of station owners who are refusing shipments that have a wholesale price of $4.50 or more a gallon. They’re afraid of getting stuck if supplies break loose.

Authorities say relief is on the way. A barge or barges with 3 million gallons are supposed to be docked in Nashville waiting for the logistics of distribution.

Panic buying may have contributed or be the underlying cause??
It’s hard to say at this moment. I filled a vehicle up for the first time in months myself.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Midstate Gas Stations Running On Empty

NASHVILLE, Tenn. – Limited gas supply in some Middle Tennessee gas stations attracted long lines Friday.

 

Stations are running out of fuel. When drivers do find a station with a new shipment, they’re packing into those stations in large numbers.

 

NewsChannel 5’s news helicopter Sky 5 spotted several gas stations with long lines and traffic jams.

 

“I saw a BP that had some but there were cars lined in the streets so I kept going,” said Mark Pearson, a driver. “I passed six or seven stations on my way but nothing.”

 

At stations where gas was available, lines stretched out to the streets. In some cases, police had to step in to clear out traffic problems caused by those long lines.

*************************

85% Of Gas Stations In Nashville, TN Are Without Gas Right Now

 

You know you’ve got a national infrastructure to be proud of when one of the country’s largest cities is pretty much out of gas.

From the Tennessean:

East Tennessee and Middle Tennessee both primarily receive fuel supplies through spurs of the Colonial pipeline, which carries refined gasoline from the Texas Gulf Coast to the Northeast. [Hurricane] Ike damaged and knocked out power to many of those refineries, cutting the amount of gasoline fed into the pipeline.

The shortage should be remedied by next week, the paper reports:

The state is scheduled to receive 1.42 million barrels of gasoline over the next week, roughly matching its typical demand of 1.44 million barrels, Heidt said.