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Most Recent Articles:
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Archives of the Sept. '08 $700 Billion Bailout 9.17.08 to 10.03.08: "The complete archive of notes and original analysis on the $700 Billion bailout; from its introduction to final passage."
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Housing: Time to panic! Must Read! 9.19.08: "..consider more prime mortgage defaults will come as the gov't is forced to dump these houses to compensate for their vast new collection of housing liabilities..."
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Warning! 9.21.08: "The stock market is on the brink of total collapse. We could see DOW 8000 immediately, and much, much worse..."
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The Assault on our First Amendment Rights Must Read! 9.21.08: "..the gov't censorship agenda is specifically targeting those who question the governments loaded conclusions regarding the 911 attacks..."
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The Puppet Nation 9.21.08: "The "free electoral system" has been rendered obsolete. Our choices for representatives are all bought and paid for by the financial elites..."
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Open your eyes, and defend your Constitution! Must Read! 9.21.08: "The Federal Reserve Bank stands in direct contradiction of the ethics of the Constitution; and was created in conspiracy and secrecy in 1913 by major banking interests..."
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The Godzilla Dollar "09.07.08 .. .this sure seems like a bottomless pit for the financials sector, which is now joined at the hip with our government" ..
Note from The Sniper
9/11/08: The only freedom from slavery is knowledge. Open your eyes to the system, and it's subtleties of control. Remember, that the compromise of your soul comes as a soft breeze in the night; it comes as a stir, often undetected by consciousness. Beware.
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911 was an inside job? Did you know... ... Compelling evidence that the government may not have told us everything regarding the 911 attacks... ..
Alex Jones' Infowars.com: There is a war on: for your mind! .. .. Microchip technology, Patriot Act, the war on terror, and the introduction of the mark of the beast: Beware! ... ..
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Southern California real estate blog and news center
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Q4 2008 10-04-08: Notes & Archives of the September '08 $700 Billion Bailout Home Page
The historical $700 billion dollar 'bailout' was first proposed by Paulson and the Treasury on 9/19/2008. Here are the series of daily notes and updates as we followed the bailout. The oldest notes are listed first, dated September 17th to current. The approved bailout amount was raised to 850 billion, with measures that included raising FDIC insurance to $250,000. Many authorities expect the final bill to the taxpayers on this bailout to be as much as 5 trillion dollars.
9/17/2008: Our government is set to bail out insurance company AIG for 85 Billion in tax payer money. Now they can justify government bailouts of ANY large company that fails, provided the government deems it worthy enough. This action is preposterous, and tax payers should take action. On 9/16 Fed held rates steady, and pillar of financial stability Goldman Sachs posted worse quarterly earnings since 1999 IPO. Bank of America slated to buy Merrill Lynch for $29 per share; but some think this is an unrealistic price and may not happen as represented. Merrill Lynch bankruptcy imminent if Bank of America doesn't step up; would create unprecedented havoc. Bank of America Merrill acquisition a tactic to avoid total market collapse with a double bankruptcy? It makes sense to think these huge corporations are leveraging the government for bailout cash. On 9/16 Fed Reserve infused another 70 bill into the financial system. Fed money injected so far this year seems to have evaporated, as monetary inflation remains elusive. Continued asset deflation expected, even with all these government bailouts. Hyperinflation waits patiently, and could be excessively ruinous once it becomes readily apparent. Is America set to become the next Japan, with stagnant economy and 0% interest rates? Global currency crash in the making? stay tuned...
9/19/2008: Heavy losses for short sellers, as the stock market rallied almost 800 points over the past couple days. The Federal Reserve and the Government conspired and covered all their short positions via stealth, then made the huge bailout announcement and short selling ban on financials. Many smaller investors; who did their due diligence based on current market conditions, learned about how untrustworthy our government really is, and how they can change the rules on a dime. It changes nothing, all the same fundamentals exist...the government and the Fed just "cheated death" temporarily. I am predicting this to be a Bear Stearns type rally, just like when the Fed bailed them out in March '08. If you recall, the market rallied heavily, then faltered. We've seen this repeatedly this year of bursts and busts, going even lower than before. I would predict once this rally fails, we will start seeing deeper capitulation and DOW 8,500 or lower. UPDATE: Treasury and Paulson propose $700 Billion Bailout of bank toxic debt.
Article: Housing: Time to panic! 9.19.2008.
9/20/2008: My thoughts on the 700 Billion dollar bailout of 'bad bank debt' by the Government, proposed 9/19/2008...
Firstly, a quick warning on the stock market rally. I am predicting this to be a Bear Stearns type rally, just like when the Fed bailed them out in March '08. If you recall, the market rallied heavily, then faltered. We've seen this repeatedly over the year, with bursts and busts...always 1 step forward, 2 steps back. I would predict once this rally fails, we will start seeing deeper capitulation and DOW 8,500 or lower.
Regarding the bailout, this is simply going to be a disaster. They are calling for it to be 700 billion dollars, but if this number is based on any type of baseline calculation, we can assume the real cost will be 10x or more. Why? First of all, I suspect the government lowballed the estimate so the population doesn't panic. What probably wasn't factored was that the the taxpayer has to pay all the maintenance fees for these loser mortgages. As a result, bailout will cost far, far more than they are projecting. All the fees; HOA's, insurance, utility assessments...the government gets to pay these bills in an environment of record inventories and foreclosures. This means we as taxpayers get a conglomerate of long term liabilities, outside of the base bailout costs. What a deal! Thanks George and Uncle Ben! Disaster.
Lets not bother to discuss the major government administration and human resource costs to manage the properties they now will own. Property management and accounting are major, non productive expenses. Or that the Government will only get the worst loans on the banks portfolio; the ones that have no chance of maturing. Yet they are trying to sell to the populace that the Government can make money. Please sell that bread to the tourists.
Here comes the NEW NEW DEAL of 2008. Coming soon. Non productive, 0 sum gain government mortgage default management services, all subsidized by the tax payers, again. How many billion was factored for these expenses in this seat of the pants, 'save the day' bailout?
The fundamental fact is that housing is a liability. By taking on millions of homes in an inventory saturated environment, the costs for the government just went up exponentially. Additionally, expect more and more unemployment as the government takes these over; because it means less realty agents, less state tax revenues, less county jobs, and less housing and commercial related service jobs (like utility workers, pest control, gardeners, etc). Just going to result in a major unemployment spike that will probably insure the Depression II is inevitable.
Oh wait...before you get too cheerful, consider also that prime mortgage defaults will come as the the government will be forced to dump these houses to compensate for their new collection of liabilities! Cheers!
Article: The Puppet Nation 9.21.2008.
Article: Warning! 9.21.08
9/21/2008: The "free electoral system" has been rendered obsolete. Our choices to represent us are owned by the financial elites; then we are given a choice of either pre-paid candidate. The two party system is in servitude to an overall sphere of influence, ruling over both parties. Revolt by the people has been prevented because of the illusion of opposition between the two parties. When have we ever had a real choice besides Democrat or Republican?
It has already been dictated to the American people that we are to bailout Insurance companies, failing banks, and investment houses. Insurance companies... the same industry that can take your money in good times, then avoid and delay paying it out when times turn bad. Failing Banks... the same ones that approved $400,000 mortgages with unverified incomes. The same ones that have collected millions of dollars worth of interest and down payments on defaulted loans that they never had to put up any real money for in the first place. Investment Bankers... the same ones that have fleeced gullible investors for years, manipulated the financial markets, incurring massive losses for the common "outsider", created bubbles that the sheep get lulled into, and cheated working class Americans of their life savings.
They all now stand before the leveraged, Fed bank indebted government, with their well manicured hands out. Now the enslaved tax payers are forced under threat of imprisonment to pay for the failed greed of the banks.....Welcome to The Puppet Nation
9/25/2008 News: 1. New home sales at 17 year low. 2. Jobless claims at 7 year high. 3. GE lowers profit guidance, ceases buybacks. 4. 25 billion bailout for the auto industry 5. Congress enacts the most massive bailout in American history. What happens?...market is up over 300 points on the DOW. Can you spell C-O-N-T-E-M-P-T? Their asses are secured, and they pump their stocks. I sincerely hope the American investors are smarter than this.
Bush and company laying on the fear tactics to get this thing done like they want. This typical Bush strategy seems transparent and tired to the American people now; we've heard this all before. Guess what... we're not afraid! The American people are lobbying heavily, calling their representatives and saying, "No Deal!" Congress still must decide soon. I understand that CEO compensation packages are one of the disputed items. I know a good "CEO compensation package": how about we don't throw their asses in jail? Or sponsor executions via the internet? I think they have a lot of nerve asking for anything after all this...
You'd better believe that the banking interests have their lobby machines working overtime. The pinch is on Congress from their financiers, AND their constituency. Ron Paul, the most reputable and intelligent politician up there, says it may not get the votes, due to the public outcry. This is, in fact, an election year; the only time the people really have any power. What if they don't? Perhaps deflation and dollar strength.
I think it will still pass. "Our" congressmen will hem and haw, give us a good show of reluctance and actual concern for their voters...then say "they had to do it". Why am I so sure? The FED (Financial Elitist Dictatorship) simply cannot allow deflation; it hurts bank paper real estate values too much. We can also expect the FED to gain expanded SEC regulatory powers (brings to mind Jack the Ripper babysitting). The unconstitutional banking cartel gets more powerful, gets more money for its cronies. Our sons and daughters to be taxed at birth for generations.
If congress stands up to the financial elites due to the public pressure, it will be a serious shift in political priorities in Washington. It could mean what 'needs to happen' will happen and not be put off... financial collapse and deflation lead depression. Otherwise, I believe the dollar may collapse entirely from the resulting hyperinflation. It's looking like no matter what happens, the result is bad; one is just better long term. The better option is to "man up" and take the hit...because it may be inevitable anyway.
9/25/2008 UPDATE! UPDATE! UPDATE: NO BAILOUT DEAL YET: They are still hammering it out; today was a head fake apparently. DOW futures down about 150 for Friday Sept 26th. Why do you suppose the bailout has been suspended? Perhaps those in Washington are actually reading research papers! Look at this particular research document: Weiss Research Inc. One can only conclude the bailout would not help, we are too far gone. Weiss Research Inc. suggests reinforcing FDIC and other "safety nets"; rewarding savers and NOT bailing out wall street speculators and irresponsible banking interests. I agree.
9/24/2008: China's banks told to stop lending to US banks (Reuters)...
Avoid Bank of America, even though the Government in principle wouldn't let them fail, they will still need taxpayer money for any bailout. I suspect this particular bailout being hammered out in Washington has something to do with Bank of America, behind the scenes. Bank of America now has massive exposure to all negative markets now, with Countrywide and Merrill draining them . I highly suggest picking up some gold or silver if/when you "run" you bank. If Bank of America goes insolvent, it's the end of the world. The fact is; despite what the government says, FDIC cannot cover every deposit in the U.S.; if they tried, it would render the dollar obsolete. Judging the nature of wall street today, we can expect most of the bailout funds to go towards golden parachutes and administrative fixes...not to real systemic correction.
9/27/2008: In the U.S., the American people are the ultimate judge of what is valuable. Fiat currency is merely a 'suggested currency'; not backed by anything. That's not to say the dollar isn't entrenched...of course people will use it diligently. Especially now that we will see a deterioration of credit along with the banks going under (See: The Godzilla Dollar™). Deflation? Possibly, but I think dollar distrust, systemic suspicion, record trillions in debt, and the overall vulnerability of our currency will prop gold up. Gold and silver will be hoarded. Lower prices are buffered by real demand, it's been that way all year. Silver is still priced attractive, as is Palladium and especially Platinum. The rush for gold in the past few days, resulting in a suspension of Gold Buffalos from the US Mint, says a lot about peoples confidence in the system...they don't have any!
9/29/2008: Head fake! House rejected the bailout plan! Rumor on Sunday was it was done...surprising everyone and crashing the DOW. So much for 'steam rollering' the American people with bailouts. People may be moving into gold and the dollar to prepare for extreme hyperinflation or deflation. 50% Cash and 50% gold may be best right now, nothing else. All the principles we grew up with; like, buy and hold, and things always appreciate over time, come under heavy scrutiny on days like today...
Once you consider their whole methodology in this bailout, it's quite insulting; the way financial interests totally discounted the intelligence of the American people. They assume that we are sheep, trained not to question authority. I'm afraid those ancient control mechanisms are fading; and we may be on the verge of a major revolution. Ultimately, the people rule, and the financial elites forgot that. Apparently, enough representatives in the house did not forget that the people are the ultimate authority, not the Financial Elitist Dictatorship (FED).
9/30/2008: Never has a single vote been so transparent as to the true colors of our elected officials. They support rich special interests over the will of the people. Special interests that use financial terrorism to achieve their ends; i.e. the Bush-Paulson-Bernake Axis of Evil. "Either your with us, or your with the financial terrorists". This is the only way to look at it; the line must be drawn in the sand by the people of this country...
We were lied too in order to fast track a wall street bailout. Then we were blatantly manipulated when the markets fell 777 points on 9/29. I suspect the 'Axis of Evil' exacerbated the selloff to create fear and bailout support. The market since has not collapsed, (9/30) it was up 500 points... which means impending disaster does not loom as we were led to believe. You should be more angry than ever at wall street, the fed, Bush, and the political process. They are even trying to devise yet ANOTHER bailout. The people have spoken: NO BAILOUT! What part of that don't they understand? Do we even need another high dollar bailout if the markets are self sustained? Smells like rotten fish, and sounds like the scurry of rats.
Fact is, 700 billion is really insignificant to these guys...It could be just a token attempt to make the people feel like they are part of the process. Again, we need to keep a close eye on our representatives, and who contributes to their campaigns and holds sway over them. Democrats voting against the will of their constituency raises major red flags. I am afraid this entire bailout bill "process" could be something of a sham. The FED has already pumped several hundred billion "somewhere" into the system already, to no avail. Where has all this money gone? I have to suspect they are hoarding money supply and removing it from the system, to create deflation. That means The Godzilla Dollar; and a repeat of the great Depression (or the Great Banking Heist)...where cats like JP Morgan and Rockefeller bought up assets for pennies on the dollar through manipulation (See Open your eyes, and defend your Constitution!).
9/30/2008: Would you like to know how our California representatives voted on the bailout? here it is:
Democrats
Republicans
Yes
Berman, Capps, Cardoza, Costa, Davis, Eshoo, Farr, Harman, Honda, Lofgren, Zoe, Matsui, McNerney, Miller, George, Pelosi, Richardson, Speier, Tauscher, Waters, Waxman
Bono Mack, Calvert, Campbell, Dreier, Herger, Lewis, Lungren, Daniel E., McKeon, Miller, Gary, Radanovich
No
Baca, Becerra, Filner, Lee, Napolitano, Roybal-Allard, Stark, Sanchez, Linda T, , Sanchez, Loretta, Schiff, Sherman, Solis, Stark, Thompson, Watson, Woolsey
Bilbray, Doolittle, Gallegly, Hunter, Issa, McCarthy, Nunes, Rohrabacher, Royce
Source: Active Research
Gallup Poll: Currently, we are approaching historic lows for American satisfaction with their government, specifically Bush and Congress. 31% approve of Bush, and 18% approve of Congress (9/18/08)! Change is needed, our leaders cannot be sheepish followers. Those voting for bailouts may have priorities other than those of the taxpayers. They have some explaining to do, and may need to be placed on your "Eject 'Em List" for November.
Upon analysis: Voting Yes -> 140 Democrats and 65 Republicans. Voting No -> 95 Democrats and 133 Republicans. Why are Democrats the primary support for this thing? Aren't they supposed to represent the middle and lower classes? It makes more sense for republicans to be behind this type of initiative. If the people overwhelmingly demanded "no bailout", then why would a democrat (or republican) ignore their constituency?
Politicians should fear the peasants pitchfork before the goldsmith moneylenders. Something stinks here. This is especially scary when you consider Democrats should not be unduly influenced by the ultra rich. It all reeks of elitist infiltration into the political party that is supposed to represent the common man. This is shameful... has our country lost its soul? All this illustrates is how the poor and even middle classes don't have representation in Washington. I urge you to read this article to understand why this may be so: The Puppet Nation.
10/01/2008: BAILOUT EXPOSED! Has an economic war been declared by China? Saudi Arabia? Is the United States being extorted? The true purpose of the bailout bill is to support foreign banks who bought subprime assets. Bush and Paulson (to advise) have threatened veto of ANY bill that does not include this provision. This means we as taxpayers would be bailing out foreign banks with our tax dollars. Outrage! We have been lied too and deceived by Bush and the Treasury to believe this bailout would help the common people...it does not. It bails out foreign banks, who then (in theory) would continue to buy US Treasuries. In essence, we are bailing out the world, not just the United States...
SEC. 112. COORDINATION WITH FOREIGN AUTHORITIES AND CENTRAL BANKS. The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 101.
Our country is in deep, deep trouble. How did we get here? How did things get so dire? How did we get so dependent on foreign interests that our leaders have to deceive us en masse? It's similar to a child covering up a lie. Contact your local Congressperson and ask them point blank what is going on; see if they give you truth or 'spin'. It's amazing how these people have underestimated the American people.
It's all starting to make sense now. Remember this headline? 9/24/2008: China's banks told to stop lending to US banks (Reuters) Why haven't we heard anything like this in the past few days from China; why have they gone silent? Could it be because Bush and Paulson are ironing out a 'compensation package' to them, in the guise of a "Rescue Plan" for the U.S. Economy? Batten down the hatches, folks... things are about to get ugly. As more and more people realize the true intentions of this bailout, they will be more inclined to rally against it.
10/01/2008: SENATE 'IRRESPONSIBLY' APPROVES BAILOUT, 74 TO 25; No investigations were conducted into the details of the bill, it was just "rubber stamped". The Senate has chosen for us to back down to extortion...what do you think we should do? Now the bailout is set to return to House for final approval. Fattened bill includes even more monetary inflation than the original. How did our California representatives vote? Boxer (D) Yes; Feinstein (D) Yes. Voting yes were 39 Democrats, 34 Republicans and 1 independent. Voting No were 9 Democrats, 15 Republicans and 1 independent.
10/02/2008: All eyes on the House...will they sell out the taxpayers, to bail out foreign interests? Who specifically will surrender their "No" vote? The people are watching...
Factory orders drop 4% in August, Unemployment claims at 7 year high. Deflation strikes all markets as stocks and commodities tank, dollar strong. Could our previous predictions of deflation already be coming to pass?
10/3/2008: CONGRESS HAS APPROVED THE BAILOUT: 263 TO 171.
10/3/2008: Rumor has it that troops are coming in from Iraq to be used for peacekeeping and "crowd control". Why? Is the government preparing for something? Why are combat troops being used domestically, in preparation against US citizens on American soil? Are the pieces being set for Martial Law?
All this credit tightening by the banks suggests a mass financials "cash horde". Could this reflect an industry wide strategy to manipulate the global economy into deflation? The banking cartels remove access to credit and cash, freezing corporations and consumers and forcing liquidation and deflation. Then they use that same cash and credit to buy up fire sale assets for pennies on the dollar. Same scam as the great depression. Remember, the banking cartels are not our friends; and the Fed's priority is the banks and financial elites...not the American people.
10/4/2008: Final Analysis on passage:
Now the government has taken over the role of "speculator' for the housing market. Apparently, our government seems to believe the housing market needs speculation for price appreciation, year over year. The original gamblers that drove up prices in Greenspan's 'free money environment' have gotten hurt and foreclosed upon because of the expenses of owning multiple homes. Does the government think it's exempt from these costs? If it does, then we can expect more unemployment as state taxes go unpaid, insurance companies consolidated, and realty agents rendered obsolete. What about the international toxic debt that the Treasury wants to buy, and the foreign bank bailouts... how much of our 700 billion is going for that? How does that help the American people? Once again, I refer you to my notes and original thoughts: Housing: Time to panic!
As this "Black Hole Bailout" starts to really impact the government bottom line and create negative GDP, we will see massive auctions as they attempt to dump these liabilities. The chain reaction? Current prime borrowers could abandon their underwater mortgages, as the comps and appraisals tank due to these huge government property auctions. It all sure makes a strong case for deflation, not inflation...best to hang on to some Federal Reserve Notes as well as gold.
10.05.2008: FEATURE: WHICH CALIFORNIA HOUSE MEMBERS CHANGED THEIR VOTE?
The following politicians in the House reversed their vote, and voted "Yes" on the bailout, after previously voting "No."...
Joe BACA, Barbara LEE, Adam SCHIFF, Hilda L SOLIS, Mike THOMPSON, Diane WATSON, Lynn WOOLSEY.
If the people overwhelmingly demanded "no bailout", then why would these politicians reverse themselves and ignore their constituency? Real leaders do not reverse their course, they stand their ground. Real leaders are not intimidated by special interests. How can we allow fear to rule over us, where strength is in dire need? Real leaders do not fold under pressure, and real leaders enforce the will of people...not government and financial networks. The people were adamantly against this bailout, from 50 to 1 to as much as 3000 to 1.
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Now, these politicians listed below HELD THEIR GROUND. They did not waver. They enforced the will of the American people. I strongly suggest you as a taxpaying citizen support these representatives that showed courage under fire. They showed strength when it mattered, and we need this strength in office now more than ever ...
BECERRA, FILNER, NAPOLITANO, ROYBAL-ALLARD, STARK, Linda SANCHEZ, Loretta SANCHEZ, SHERMAN, BILBRAY, DOOLITTLE, GALLEGLY, HUNTER, ISSA, MCCARTHY, NUNES, ROHRABACHER, ROYCE.
If you directly OPPOSED the bailout, you are obliged to support these representatives, and to vote down and defeat any of their opponents. Strength is the most important quality in a leader today, and a conscience servitude to the unmistakable will of the people...not whether they are a democrat or republican.
Differential political identification is an antiquated notion. Our two party system is governed by one overall sphere of influence (The Puppet Nation). Systemic control is held by the elitist cartel that makes sizable donations to both parties through stealth corporations, closely tied to the financial industry. Politicians cower to them, because they believe money is what gets them elected. This foolish notion is rapidly becoming a falsehood, simply because of the internet. The internet has empowered grass roots efforts and will ultimately dictate who will be chosen to represent the people, not the elitist financial cartels. Even now, there are efforts by this elitist cartel to stifle free speech on the internet; and perhaps limit its use by the people (The Assault on our First Amendment Rights). Keep a close eye on this effort, high ranking senators are part of the governments censorship programs. Beware!
How they voted (source): www.clerk.house.gov
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Last chance to vote them out: List of California Representatives who supported the crooked Wall Street and Foreign bankers bailout
Democrats
Republicans
Yes
Berman, Capps, Cardoza, Costa, Davis, Eshoo, Farr, Harman, Honda, Lofgren, Zoe, Matsui, McNerney, Miller, George, Pelosi, Richardson, Speier, Tauscher, Waters, Waxman
Bono Mack, Calvert, Campbell, Dreier, Herger, Lewis, Lungren, Daniel E., McKeon, Miller, Gary, Radanovich
The following politicians in the House reversed their vote, and voted "Yes" on the bailout, after previously voting "No."...
Joe BACA, Barbara LEE, Adam SCHIFF, Hilda L SOLIS, Mike THOMPSON, Diane WATSON, Lynn WOOLSEY.
Senate? Boxer (D) Yes; Feinstein (D) Yes.
10/28/2008: Above is the list of the California rep's who voted for the bailout. Be especially suspicious of those who changed their 'No' vote to 'Yes'. Now it is being reported that billions are being given as bonuses to those on Wall Street who created this mess. Banks are also holding back capital, and not lending it.. evidently paying themselves and not benefiting the taxpayers. Predictable, and pathetic. Vote them out!
Verify the names for yourself, click this link: www.clerk.house.gov.
11/4/2008: California Election Results
US Congress by District State Assembly by district State Senate by District
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Proposition 1A: High Speed Train: 52.3% YES, 47.7% NO. PASSED.
Proposition 2: Standards for Farm Animals: 63.3% YES, 36.7% NO. PASSED.
Proposition 3: Children's Hospital: 54.6% YES, 45.4% NO: PASSED.
Proposition 4: Parental notification/waiting/pregnancy - constitutional amendment: 47.4% YES, 52.6% NO. FAILED.
Proposition 5: Non violent drug offenses: 40.2% YES, 59.8% NO. FAILED.
Proposition 6: Police & law enforcement funding: 30.4% YES, 69.6% NO. FAILED.
Proposition 7: Renewable energy: 35% YES, 65% NO. FAILED.
Proposition 8: Same sex marriage ban: 51.8% YES, 48.2% NO. PASSED.
Proposition 9: Criminal justice, Victims rights: 53.1% YES, 46.9% NO. PASSED.
Proposition 10: Alternative Fuel: 40% YES, 60% NO. FAILED.
Proposition 11: Redistricting: 50.5% YES, 49.5% NO. PASSED.
Proposition 12: Veterans bond: 63.4% YES, 36.6% NO. PASSED.
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11/7/2008: Banks are not lending, but hoarding the 850 billion dollars our "representatives" approved under duress and threat of martial law. We are now seeing multi year records in unemployment (6.5%), retail sales drops, and nonexistent industrial production. Why is this happening all the sudden? We do not produce anything, we consume. It's all tied to the banks and consumer credit. The problem is that banks are pulling back credit card lines. Without credit, there can be no consumption. Consumption has sustained us for the last several years, and now its really over... those lines of credit wont be coming back.
It's clear what the banks are doing. They are purposefully exacerbating the deflationary cycle, so they can sell their assets while acquiring more purchasing power from the Federal Reserve. After they sell everything off, they introduce the "new money" into the system by buying up the same assets at much cheaper prices. The end result is that savers and people with existing systemic money get the shaft. The "new money" being provided by the 850 Billion dollar bailout is now hoarded, and is simply being used against the taxpayers that provided it! It's the same scam as the great depression: the financial elites have again fooled the public into this bailout and they will now cheapen the purchasing power of your dollars... only after they have exploited the value to their gain.
I sincerely hope you voted against politicians supporting the bailout, and you are owed an explanation of what is being done with the money.
11/12/2008: Treasury Secretary Paulson changed the rules surrounding the terms of the bailout today. Now, instead of buying up bad debt from the banks, the government will buy the banks themselves. He claimed the process would take too long to buy up the rotten assets. From the perspective of a government eye, this is simply Nationalization of the banking sector. So much for the free markets, it now means the government will be getting intimate with the books of these banking institutions. Wow, what a boon for the IRS! More ways to regulate and control the population, and keep an eye on everyone's money for them!
I hope you are very concerned with what we are seeing here. It is highly possible Obama had a chat with him; after all, Paulson will be replaced in 2 months. What we could be seeing are the preliminary stages of Obama's "plan": Socialist Nationalization. Keep an eye on other changes or direction that are made; it will be a clue as to what to expect under an Obama presidency... because frankly today we have NO idea.
The Elitist Dictatorship is now on the verge of complete, unchecked jurisdiction over the United States. The democratic party, now the primary initiative party for the elites, was the major force behind the approval of the 700 billion dollar bailout. Of course, the republican party is also entirely corrupted. But the purposeful assimilation of the democratic party by the elites makes sense, and provides insight towards their tactics. It also exploits their primary weakness: The assumption of continued occult-based control over the population. This institutional control grid is breaking, as the people are beginning to wake up and realize the truth about the political and economic system that enslaves them...
How can the democratic "peoples party" be the policy driver for the financial elitist dictatorship? Because it is a stealth means of mass deception. Specific democratic party representatives purposefully went against the will of their constituency, and chose to support the corrupt bailout, that clearly would not benefit those they supposedly represent. Why? Were they intimidated? Were they bought by elitist corporate fronts?
With the election of Obama, and the Democratic majority in the House and Senate, the mandate of the elite will be enacted, without opposition. As there now exists no check or balance system for the elitist political order, we must CREATE one, by and for the people. The means to achieve this will be grass roots information networking, keeping the people aware of what our "representatives" are up to in Washington. It is more important than ever that we monitor and exploit the actions of the elites; and their influences through our politicians, our government, and corporate gestapo regimes. The goal of this website is to monitor, network, and keep the population informed on the actions of the now entirely corrupted government.
Watch these free online movies to learn more about the history of the Elitist Dictatorship (NWO)... and their plans for your future: Alex Jones: Endgame Zeitgeist Part I Zeitgeist Part 2
11/25/2008: CITIGROUP BAILOUT ANNOUNCED!
The U.S. government has decided to invest $20 billion in Citigroup, and guarantee $306 billion in risky assets.
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Cheers!
Written By: The Sniper
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DISCLAIMER: These articles are provided for entertainment purposes only and are not meant to provide investment advice to anyone. Please consult with your professional financial planner for investment advice. Not associated with any city, county, civil entity, or government body. No warranties are stated or implied. Use at own risk. External web sites are not endorsed. Users agree to all terms. These articles merely reflect the opinions of this author and are by no means a guarantee of future economic conditions. Though the author strives to provide accurate and relevant data, he sometimes relies on external sources and cannot assure the reader of the accuracy contained within. Additionally, these articles are provided for information purposes only and are not meant to provide investment advice to anyone. Please consult with your professional financial planner for investment advice.
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Past Articles:
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Click here for an Updated! Analysis of CA Bank Earnings -Highly Recommended!
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Deflation with Inflation: No Recession, but Depression? "06.15.08 .. in order to survive, we will be forced to become a fascist aggressor or a socialist state. With the failure of Iraq, the latter seems more likely..."
.. Oil and war speculation 06.07.08 the markets have reacted to oil price surges driven solely by speculators, and a preemptive strike possibility that has not even occurred....
.. Bank of America & Countrywide: A signal of a housing bottom? 06.05.08 The lender will once again have the position of strength.... ..
Southern California real estate blog and news center
... Next for the Economy: The Greatest Bull Run in History? An analysis of the stock market and economy since the Bear Stearns incident in March '08...
.. Bearish on Housing.... Bullish on Stocks Stock rally, housing folly ... Riverside-San Bernardino tops the list... Of locales most likely to tank this year....
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So what do we do now? Where to put money - when everything is so ugly?...
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No Recession, but Deflation? The March '08 UCLA economic report so far is 'right on target.... ... The Schizophrenic FED Gambit ...................................... Please visit this link for the most up to date real economic news information: Southern California Real Estate & Economy Blog & News Center
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Microchip technology, Patriot Act, the war on terror, and the introduction of the mark of the beast: Beware! (offsite) ...
Alex Jones' Infowars.com: There is a war on: for your mind! (offsite) ..
Visit the Alex Jones youtube page (offsite) for the most up to date information on the assault by the New World Order on your constitutional rights! ...
What's the real story on 9/11? What does the evidence show?... ..
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