Hat Tip: Nancy Jacques
By: T F Stern
T F Stern’s Rantings
Our anti-capitalist comrades, tree huggers and whaling ship protesters have April 22nd on all our calendars, Earth Day; a time to mark the progressive movement’s entrance onto the grand stage of political upheaval. Who would have thought Gaylord Nelson’s efforts would have made such inroads into destroying capitalism and the foundations of industrial America?
Had industrial giants taken the initiative of self-discipline, the EPA may never have been created. Admittedly there were problems in the way industry failed to manage production; massive air pollutants spewed into the atmosphere and waterways treated as cesspools with little regard for anything other than profit. The knee jerk public became aware of pollution. Who can forget the pathetic tear rolling down the cheek of a Native American Indian with roaring smoke stacks behind his canoe? We the People reacted to the dangers presented by the media and the EPA was born, perhaps not the best term to describe the environmental movement; set the stage for political activism on a scale which has permitted the near destruction of capitalism.
It wasn’t enough to bring industry into line with reasonable modifications for both ecological preservation and industrial prosperity. The progressive movement which hijacked the so-called “environmental movement,” had been waiting in the wings, as it were, for the lights on “Main Street” to all be “green” at precisely that moment, a chance to alter America’s path toward socialism.
Early on, the EPA became a champion of the people, spotlighting polluters and making them do what should have been done years ago. The next logical step was to implement other “tweaks” to the system; nothing which would stand out as pure socialism or affronts to capitalism, yet would set the tone for more demands and adjustments; impositions which would eventually bring capitalism to its knees.
Here is where bureaucracy appointed administrators rather than elected representation; here is where bureaucracy is able to defeat the will of the people. Folks with an ulterior agenda, one other than pure water and air. Folks with an ulterior agenda to cripple capitalism through industry killing mandate after mandate took control of environmental groups such as Sierra Club, Friends of the Earth, The Climate Project (Al Gore) and of course we couldn’t leave out Greenpeace.
Most ecological “grassroots” organizations, (what exactly does grassroots imply?), grassroots organizations started off as relatively obscure conservation groups intending to do their part to save a portion of what they considered an important ecosystem. Along the way, as it is expressed in many articles, “they matured.” They matured into vast political power wielding tentacles of the progressive/socialist/communist party agenda. The driving interest has little to do with saving tree frogs or muted owls; rather, their goal is to destroy industry through Lilliputian mandates in order to prevent the mythical global warming disaster. It’s all based on lies!
They presented a doomsday scenario. One which could only be averted by extreme and very costly measures, unpopular and yet necessary to save the future for ourselves and our children. Only a selfish capitalist or a fool, would stand up and fight against preventing doomsday. It became a settled issue, one which could not be approached without considerable risk to both standing and livelihood.
“Much like 1970, Earth Day 2010 came at a time of great challenge for the environmental community. Climate change deniers, well-funded oil lobbyists, reticent politicians, a disinterested public, and a divided environmental community all contributed to a strong narrative that overshadowed the cause of progress and change. In spite of the challenge, for its 40th anniversary, Earth Day Network reestablished Earth Day as a powerful focal point around which people could demonstrate their commitment. Earth Day Network brought 225,000 people to the National Mall for a Climate Rally, amassed 40 million environmental service actions toward its 2012 goal of A Billion Acts of Green®, launched an international, 1-million tree planting initiative with Avatar director James Cameron and tripled its online base to over 900,000 community members.”
Their power base depends, to a certain extent, on “We the Sheeple” rather than a well informed electorate formerly known as “We the People.” Through mass media, which is part of their power base, they have been able to spread their well-constructed lies to the point of bringing the most productive industrial nation nearly to its knees, all in the name of saving the future for “our children.” Who could possibly be against saving the future of our children? “The world is on fire,” isn’t that what Al Gore proclaimed?
“Greenpeace was one of the first parties to formulate a sustainable development scenario for climate change mitigation, which it did in 1993. According to sociologists Marc Mormont and Christine Dasnoy, Greenpeace played a significant role in raising public awareness of global warming in the 1990s.”
Unfortunately for the “Church of Man-Made Global Warming,” folks are becoming aware of the lies, the phony made-up statistics which were the basis for the IPCC’s report to the United Nations. The same report which the EPA has used to press for further impossible mandates on energy producers here in the United States. Obama promised to stop evil coal and oil industries when he got elected; and he’s done a good job at killing off quite a few jobs in the process.
And so, with wild enthusiasm for saving the future for our children, the United Nations has finally begun its march to the sea, creating all encompassing mandates which would define Mother Earth as being equal to man in every way. Able to bring suit against anyone who might defile her nether regions, suck at the teat too much or betray her womb. It must be coincidence; worldwide proclamations every April precede Earth Day, merely a coincidence. Happy Earth Day!
This article has been crossposted to The Moral Liberal, a publication whose banner reads, “Defending The Judeo-Christian Ethic, Limited Government & The American Constitution.”
Hat Tip: Brian B.
The biggest headline in the news so far this week has been S&P’s decision to downgrade their U.S. credit outlook to negative. After S&P made their announcement, almost everybody in the mainstream media proclaimed it to be a “wake up call” for the U.S. government, saying that if they don’t make a real effort to cut the budget deficit, a fiscal disaster awaits. Despite lowering the U.S. credit outlook to negative, S&P left the U.S. credit rating at AAA.
The real story in the media this week should be, how is it possible that the U.S. credit rating remains AAA? After all, AAA is the highest rating possible. Shouldn’t a AAA credit rating be reserved for countries with budget surpluses, low levels of debt, and low levels of price inflation? Treasury Secretary Timothy Geithner was quick to say after S&P’s announcement that there is “no risk” of the U.S. losing its AAA rating. NIA respectfully asks Mr. Geithner to resign from office for making those comments. How could there be “no risk” of the world’s largest debtor nation losing its AAA rating?
As NIA first exposed in its critically acclaimed documentary ‘Meltup’, S&P, along with Moody’s, rated mortgage-backed securities AAA during the mortgage crisis that didn’t just decline in value, but went to zero. In our opinion, the credit ratings agencies have absolutely no credibility left and will be out of business in a few years. S&P and Moody’s still rate U.S. debt AAA because they fear the negative backlash that would come immediately if they lowered its rating, which would undoubtedly include calls from members of Congress to take away their licenses to be ratings agencies in this country.
NIA believes the U.S. credit rating should be junk. Including unfunded liabilities and the backing of Fannie Mae/Freddie Mac, the U.S. currently has a real national debt that is five times higher than our GDP. There is no chance of the U.S. ever paying back its debts without printing the money and creating hyperinflation. There is no chance of the U.S. ever balancing its budget, without eliminating the so-called untouchable entitlement programs like Social Security, Medicare, and Medicaid.
Our nation has reached a point where it is paying out 90% of the money it raises each month from the sales of U.S. treasuries, just to pay back the holders of maturing U.S. treasuries their principle and interest earned. The U.S. needs to continuously sell larger amounts of new debt, just to stay afloat, so there is no conceivable way that any unbiased organization can possibly give the U.S. a credit rating of AAA. The only reason we haven’t defaulted on our debts is the Federal Reserve’s ability to create monetary inflation and the world’s willingness to hoard U.S. dollars due to its status as the world’s reserve currency.
Despite the euro-zone debt crisis with nations like Greece defaulting on their debt, over the past ten years, the U.S. dollar has fallen from being 70.7% of foreign exchange reserves down to 61.4%, while the Euro has risen from being 19.8% of foreign exchange reserves up to 26.3%. The other currency category, which includes currencies like the Canadian dollar and Australian dollar, has risen during the past decade from 1.2% to 4.4%. The world is clearly diversifying out of the U.S. dollar.
Not only is the demand for dollars declining as a percentage of foreign exchange reserves, but there are now calls for our largest creditor nation China to reduce their total foreign exchange reserve holdings. China’s foreign exchange reserves have increased by $200 billion this year to over $3 trillion and are mostly invested in U.S. dollars. Zhou Xiaochuan, governor of the People’s Bank of China, said this week that, “Foreign exchange reserves have exceeded our country’s rational demand, and too much accumulation has caused excessive liquidity in our markets, adding to the pressure of the central bank’s sterilization.” In other words, China is likely to begin selling their U.S. dollar reserves and accumulating real assets like gold and silver with this money. The biggest ever rally in precious metals is just around the corner, which means the U.S. dollar’s purchasing power is about to plummet.
NIA constantly receives emails asking us if Paul Ryan’s proposed budget were to be implemented instead of Obama’s, would the U.S. be able to prevent hyperinflation. The truth is, both Obama’s budget and Ryan’s budget would leave us with just about the same national debt five years from now. The constant battles between the Democrats supporting Obama’s budget and the Republicans supporting Ryan’s budget are simply being used to distract Americans from the real issue, the Federal Reserve’s monetization of our debt and the record $1.4 trillion in excess reserves that are currently parked at the Fed.
The Federal Reserve’s balance sheet has just reached a record $2.65 trillion. However, excess reserves parked at the Fed are now rising even faster than the Fed’s balance sheet. NIA believes that come later this year, the Federal Reserve is likely going to stop paying interest on excess reserves banks have parked at the Fed, in an effort to push this money into the economy. This high-powered money will multiply by as much as ten times as it circulates throughout the U.S. economy, increasing our money supply by $14 trillion. A rapid increase of our money supply by $14 trillion could potentially cause a run on the dollar, with the world rushing to dump their U.S. dollar reserves for just about any real asset they can get for them.
Inflation is beginning to spiral out of control even by the U.S. government’s artificially low calculations. The Bureau of Labor Statistics just reported that the consumer price index (CPI) rose in March by 2.68% over a year ago, compared to the February increase of 2.11% and the November increase of 1.1%. Year-over-year CPI increases have risen 144% since November as a direct result of the Fed’s destructive policies, yet the Fed continues to say that inflation is not a problem. Even though inflation is now way above the Fed’s informal inflation target of 1.5% to 2%, the Fed continues to ignore the CPI and only looks at core-CPI, which excludes food and energy and is mainly based off of rents. All gains in U.S. retail sales are now solely due to inflation and all U.S. economic growth is phony. Any temporary decline in the unemployment rate is only a result of the distortions caused by the Fed’s printing of money.
Gold has just surpassed $1,500 per ounce and silver has now broken $45 per ounce. These latest movements in gold and silver prices indicate that there is a major risk of hyperinflation breaking out as soon as the second half of 2011. Average U.S. gas prices are now $3.84 per gallon and are rapidly approaching the all time high of $4.12 per gallon from June of 2008. Unlike 2008, there are no leveraged up hedge funds buying oil futures contracts today. Oil prices are rising as a direct result of the Federal Reserve’s zero percent interest rates and quantitative easing. Unless the Federal Reserve acts now to dramatically raise interest rates, $5 per gallon gas is possible by the end of 2011.
When gas prices reach $5 per gallon, there won’t be a drop off in demand. It will only encourage the Federal Reserve to print more money so that Americans can afford $5 per gallon gas, which could push gas prices to $6 or $7 per gallon in 2012. Saudi Arabia is reducing oil production because they have to, their oil reserves have been overstated by 40% and they are past peak oil production. As bad as rising gas prices are for all Americans, they will be hurt by rising food prices even more. Inventories of gas are not as tight as food inventories, which are now at record lows for such agricultural commodities as corn. NIA has been warning about low agriculture inventories since its first documentary ‘Hyperinflation Nation’ and accurately predicted this past year’s record rise in agricultural commodity prices in its October 30th, 2009, article “U.S. Inflation to Appear Next in Food and Agriculture”.
NIA predicts the next major inflation crisis will be in college tuition prices. We are about to experience a record rise in student loan defaults as a result of rapidly rising food and gas prices. College tuitions are the one area of the U.S. economy, besides healthcare, that did not experience any decline during the financial crisis of 2008. Despite rapidly rising college tuition prices, the value of a college degree is declining at an even faster rate. NIA believes that by the year 2020, we will conservatively see 20% of American colleges and universities close its doors with enrollments in remaining colleges and universities declining by between 15% and 30%. NIA will expose the facts and truth about the upcoming American college education crisis in its upcoming documentary, ‘College Conspiracy’. We are almost done producing ‘College Conspiracy’ and will be releasing more information about the hour long movie in the days and weeks to come.
It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at: http://inflation.us.
By: Sher Zieve
When something consummately horrific happens to the United States of America, its people or a US ally, Obama celebrates by going golfing. He, most certainly, must be on the links now.
When an unprecedented number of tornadoes hit six US States and killed at least 45 people, Obama went golfing. When his misadventure (aka “war” without any Congressional approvals) against Libya was in full swing, Obama went golfing. While the Japanese people were dying from a massive earthquake, tsunami and radiation Obama went on vacation to Brazil with his family and hangers-on. Michele Obama took her daughters to Spain for another lavish trip and the Obama’s trip to India (although the Obama regime still refuses to disclose the actual figures) is said to have topped the scales at $200 millions/day.
All of this is being done while Obama & Co are summarily bankrupting the USA, in order to line their own and their friends’ pockets with American taxpayer money, and destroying Americans ability to earn a living…in other words bleeding us dry.
To rub salt into our already-festering wounds, Obama has instructed the Department of Homeland Security (that’s security for the Obama Elite only–not US citizens) to stop the US Border Patrol from monitoring any and all top-smuggler routes into the country. Folks, Obama is killing us on every front and no one is stopping him. Congress (including establishment RINOs) yawns, gives him what he wants and largely ignores what he’s doing, while the leftist courts rule unconstitutionally in one case after another. And now Standard and Poors has announced that [due to Obama and company gutting our country and racking up unsustainable debt] the USA will likely be downgraded soon. Shades of Greece?
In fact – and I challenge anyone to disprove me – Obama and his family have taken more profligate vacations and golfed more that any other resident of the White House in history. Note: Obama, his family and entourage continue to laugh at We-the-People louder and louder every day. Can you hear them now? Yet, most of the “media” and their pundits still scratch their heads like chimpanzees and wonder how and why this is happening. If I hear one more “conservative” analyst ask “why would Obama do this?” I think I’ll scream. He’s doing it because his mission was and is to destroy the United States of America! Without the USA, the rest of the ‘free world’ will fall and the would-be totalitarian rulers of the planet can and will finally step in and take over…with Soros as their front man. Why is that which is in front of our faces so difficult for them to comprehend? Again, Occam’s Razor proves true: “The simplest explanation is most likely the correct one”.
As with other decimators and tyrants, once we have been bled dry of all of our resources, We-the-People will be weakened and better able to be defeated. Our enslavement will then be complete. Those who would be our real leaders – apart from a thoroughly bribed-and-bought Congress – had best get on the move soon. If we want to survive, we’re almost fully on our own now. None of our branches of government can be counted to do the right thing; that of saving our country and its people from destruction and ruin from the criminal syndicate currently running the country off a cliff. In actuality, both the Marxist-Leninist Democrats and Republicans appear to be part of the same cabal. Prepare yourselves. This ride is going to be bumpier and more savage than any of us had previously imagined. The Left, itself, is a criminal enterprise and this minority is now running the country as it plans to run the world – with us serving it.
Border Patrol Banned From Top Smuggler Routes: in judicialwatch.org
Why S&P downgraded U.S. debt outlook: in seattletimes.nwsource.com
All Obama images in this article are official White House photos
By: Arlen Williams
This is the question that I had the honor of submitting, for the Bound and our visitors:
What should we think of a president that is mentored and developed by Frank Marshall Davis (communist), Vernon Jarrett (socialist), Leon Despres (friend of Trotsky), Jeremiah Wright (black liberation Marxist), Bill Ayers (communist, anarchist, terrorist), who specializes in the strategies and tactics of Saul Alinsky (neo-Marxist thought leader), and who works hand in glove with George Soros (face of Marxist/fascist globalism), Andy Stern (“workers of the world unite”), and Richard Trumka (works with Communist Party USA, “play with matches you get burned” apparent conspirator to murder)?
The address in Facebook:
President Obama’s facebook townhall – April 20 @ 1:45pm PDT / 4:45pm EDT
Time: Wednesday, April 20 · 4:30pm – 5:30pm [Gulag ed.: Central Time]
Location: facebook HQ & www.facebook.com/WhiteHouse or http://apps.facebook.com/facebooklive
Created By: The White House
President Barack Obama will hold a special “Facebook Live” townhall to connect with Americans across the country.
WHERE & WHEN IT’S HAPPENING
Where? Well, everywhere! The event at Facebook’s headquarters, with CEO Mark Zuckerberg & COO Sheryl Sandberg, will be live streamed for anyone to watch. Just come back here at the right time: Wednesday, April 20 @ 1:45pm PDT / 4:45pm EDT. Unless invited to attend in person, …please do not show up at Facebook HQ. You can watch and participate via the event’s live stream.
WHAT IT’S ABOUT
President Obama will connect with Americans across the country to discuss the tough choices we must all make in order to put our economy on a more responsible fiscal path, while still investing in areas like innovation that will help our economy grow and make America more competitive.
HOW YOU CAN PARTICIPATE
Facebook will be selecting questions for President Obama to answer during the event. Submit questions now by posting them right here, on this event’s wall. As an alternative, you may submit a question via WhiteHouse.gov/facebooktownhall.
Then you definitely need to make sure you’re a fan of the White House on Facebook! Facebook.com/WhiteHouse
Then I asked him if Barack Hussein Obama Sr. is really his father, which means he is an illegitimate president, or if his father is someone else.
By: Dave Logan
I hope Dr. Corsi’s book is all that and then some. Without argument, the timing of this book’s release will add fuel to the growing examination of Obama’s eligibility as POTUS.
Donald Trump, one of the few who are willing to bring this issue to the forefront, will be able to ride the added momentum Corsi’s book will create.
Looking back, one will recall this isn’t Corsi’s first rodeo, either. Two words come to mind: John Kerry.
Corsi’s book release causes all sorts of problems for progressives, the political establishment, as well as the MSM and certain high-profile bloggers. It fills the tanks with valuable fuel for Trump to take this issue to heights unknown, and while Trump has the mic and TV cams directed at him, he’ll have the opportunity to discuss what he’s really expert at: economic policies, lack of jobs and how to create them, across-the-board taxation, and how the USA is being treated and disrespected around the globe under Obama’s destructive leadership.
Trump is many things in the minds of the American public. But like Corsi, Trump is not a one-trick pony by any stretch of the imagination. Whether Trump is serious about running for POTUS is irrelevant. For now, he’s putting on the table an issue the MSM, major political leaders, and bloggers, either refuse to discuss or to discuss honestly: Obama’s eligibility to be POTUS. Come hell or high water, this question will be answered.
I hope Corsi sells millions of books and makes as much money. I hope Trump makes billions more too. These are patriots. Are you? In time, all of us will have to answer that question.
For some, talking takes the place of doing — Corsi and Trump are “doers.” Another great American patriot did a lot of talking too, but backed his talk with “doing.”
General George Smith Patton, Jr. knew that one day his men would have to answer to others as well as their offspring, for their actions. He mentioned as much in his closing statement to them on June 5, 1944. Said Patton:
“The General paused. His eagle like eyes swept over the hillside. He said with pride, ‘There is one great thing that you men will all be able to say after this war is over and you are home once again. You may be thankful that twenty years from now when you are sitting by the fireplace with your grandson on your knee and he asks you what you did in the great World War II, you WON’T have to cough, shift him to the other knee and say, “Well, your Granddaddy shoveled shit in Louisiana.” No, Sir, you can look him straight in the eye and say, “Son, your Granddaddy rode with the Great Third Army and a Son-of-a-Goddamned-Bitch named Georgie Patton!’“
Today we are in a Great War — will you be able to answer with pride?
Socialist Senator Bernie Sanders (I-VT) “compiled a list of some of the 10 worst corporate income tax avoiders;” it’s being publicized by the far-left MoveOn.org (financed by George Soros), NPR and other Progressive websites. Five on the list are also on the UN Global Compact’s “selection” of corporations as follows:
- General Electric: CEO Jeffrey Immelt is also Obama’s Green Jobs Czar, a top contributor to Obama’s 2008 campaign at $499,130 and one of the two biggest recipients of government contracts since Obama took the White House.
- Bank of America: The Board Chairman of BofA, Charles O. Holliday, serves on the UN Global Compact Board and BofA is a top contributor to their “top recipient,” Obama, for his 2008 campaign at $421,000.
- Citigroup: A top contributor to Obama’s 2008 campaign at $701,290.
- Chevron: A top contributor to Obama’s 2008 campaign at $77,875.
- Exxon Mobile: A top contributor to Obama’s 2008 campaign at $117,946.
The other five, although not called out on the UN list, are an interesting bunch – with President Obama’s BFF Goldman Sachs, more big oil, aerospace and a cruise ship company all in the mix:
- Goldman Sachs: A top contributor to Obama’s 2008 campaign at $994,795.
- Valero Energy: The top independent US refining company who sold its remaining plants on the East Coast in 2010.
- Conoco Phillips: Obama named Board Director of Conoco Phillips, William K. Reilly, as co-chair of the Deepwater Horizon oil catastrophe commission. Reilly served as EPA Chief under Bush.
- Boeing: A top contributor to Obama’s 2008 campaign at $152,573 plus nearly $99,000 given to Obama’s 2008 campaign by Boeing employees. Boeing is one of the two biggest recipients of government contracts since Obama took the White House.
- Carnival Cruise Lines: Moving from California to Australia in early 2012.
We see that 7 out of the 10 tax avoiders were big contributors to Obama: 1 is leaving the U.S. (the global elites are undoubtedly happy the de-industrialization of America is moving right along), 1 sells its assets (more de-industrialization) and 1 has a Board Director that receives a co-chair appointment by Obama. Looks pretty cozy, but Obama’s comrades are the ones who are calling these companies out.
Congressman Charlie Rangel (D-NY) led the House Ways and Means committee that wrote the tax code. You remember him… he was sanctioned by Congress in 2010 for evading taxes. With corruption run amok in Washington by career politicians (Progressives on both sides of the aisle), do you think the tax code was massaged to provide loop-holes so that their chosen corporations could take advantage and avoid paying income taxes on their profits? It’s difficult to know for sure, but it’s worth considering given their close ties to Obama and because at least half of them are allied with the global elites.
How ironic that the Progressives are the ones calling out the corporate tax avoiders, but if we’ve learned anything about Progressive tactics, we know they’re most likely doing this to gin up the class-warfare, “tax the rich,” “Capitalism doesn’t work” propaganda for the masses. The government-controlled media in this country will advance this narrative with fervor and delight.
George Orwell’s 1984 is rapidly becoming America ’s reality; Progressives create the situation/crisis and then they’ll bring forth their “solution” which will propel America further into the abyss that will ultimately usher in Global Governance under the UN global elites and the end of freedom and the free market system in America.
That’s exactly where Obama and Soros are steering our country. Don’t believe it? Just look at some of the headlines from the last few days…
- Trevor Loudon at NoisyRoom – Say “Goodbye” to the Dollar. The BRIC Summit (Brazil, Russia, India and China alliance).
- Congressman Ron Paul – Geithner has approved plans for (IMF) to absorb the Fed??? The International Monetary Fund (IMF) is controlled by the UN global elites. How convenient.
- BBC News Business – World Bank president: ‘One shock away from crisis.’ A convenient set-up to justify global control and world-wide socialism, isn’t it?
- Forbes – Stocks Stumble After S&P Revises U.S. Debt Outlook. That’s right, the unthinkable happened… “Standard & Poor’s lowered its long-term credit outlook on the U.S. to negative from stable Monday.”
- CNS News – U.S. Gov’t Agency Plans $2.84 Billion Loan for Oil Refinery – In Colombia.
- Judicial Watch – IRS pays $513 Mil In Bogus Credits Under Stimulus.
- CNS News – U.S. Debt Tops $14.3 Trillion for First Time.
- Arlen Williams at NoisyRoom – IMF Bank Lords & George Soros’ INET at Bretton Woods, What’s the Diff?
- Yahoo Finance – BRICS Make Move to Shove Dollar Aside.
- Daily Caller – The ‘hidden tax’: Report estimates regulation costs economy $1.75 trillion.