Saturday, November 29, 2008

“Obama Must Stand Up Now Or Step Down.”

Real Issue - This is NOT a JOKE! Read this and you will believe as well as be ready for the coming riots and Constitutional Crisis!

Barack Obama birth certificate
Hawaii Issues Birth Certificates to Foreign Born Residents!
Here’s Hawaii saying it like it it. All Doubts Cleared my Friends.

A. From Hawaii’s official Department of Health, Vital Records webpage: “Amended certificates of birth may be prepared and filed with the Department of Health, as provided by law, for 1) a person born in Hawaii who already has a birth certificate filed with the Department of Health or 2) a person born in a foreign country“ (applies to adopted children).
B. A parent may register an in-state birth in lieu of certification by a hospital of birth under HRS 338-5.
C. Hawaiian law expressly provides for registration of out-of-state births under HRS 338-17.8. A foreign birth presumably would have been recorded by the American consular of the country of birth, and presumably that would be reflected on the Hawaiian birth certificate.
D. Hawaiian law, however, expressly acknowledges that its system is subject to error. See, for example, HRS 338-17.
E. Hawaiian law expressly provides for verification in lieu of certified copy of a birth certificate under HRS 338-14.3.
F. Even the Hawaii Department of Home Lands does not accept a certified copy of a birth certificate as conclusive evidence for its homestead program. From its web site: “In order to process your application, DHHL utilizes information that is found only on the original Certificate of Live Birth, which is either black or green. This is a more complete record of your birth than the Certification of Live Birth (a computer-generated printout). Submitting the original Certificate of Live Birth will save you time and money since the computer-generated Certification requires additional verification by DHHL.”

Now that we all understand that you can be born in Madagascar, Russia, Norway, Brazil or even Kenya like Obama and still have a REAL birth certificate that both Snopes and Factcheck would say was real since they are real. That doesn’t mean you were born in Hawaii. Does this matter to America?

Why this is about to explode with SCOTUS (Supreme Court of the US)

Why does this matter to America in the year 2008? Well let’s just think of the Democratic Presidential elect. Here is a man who has frozen his ‘vault copy’ ( the one that tells of the Hospital as well as Dr. that delivered him and place of birth) in Hawaii.

Barack Obama has as of November 27th 2008 spent over $500,000 U.S. to prevent others from seeing it. Why? Didn’t he already win the vote?

Please don’t bring up Snopes (link) that says THEYVE SEEN Obama’s birth certificate and it is the one on his site called Fight the Smears. That is just plain garbage as it has a 2007 border and doesn’t list the hospital, Dr. or place of birth! Plus they say they’ve seen his real birth certificate (you know the one that we the people aren’t allowed to see) .

All of the people born in Korea, Kenya, Mongolia, Australia and who also have Hawaiian birth certificates also have REAL birth certificates.
This does not mean they were born in Hawaii. Get it?

The following is what Obama has on his site as his real birth certificate authenticated by Snopes and Factcheck. Hmmm - 2007 borders, no info on original at all? What’s wrong with this picture? Yes it is a real birth certificate, so are the tens of thousands of other birth certificates given to people born in other countries.

Barack Obama's real birth certificate from 2007)

Fact: Both Hospitals claimed to be Obama’s birthplace in Honolulu have no record of he or his mother ever being there!

Kapiolani Medical Center for Women and Children - Obama and Mom Never There
1319 Punahou Street
Honolulu, Hawaii 96826
(808) 535-7000
Queens Medical Center in Honolulu - Obama and Mom Never There
The Queen’s Medical Center
1301 Punchbowl Street
Honolulu, HI 96813

Who does claim Obama? Kenya and his family there that swears to have been at his birth in Mombasa Coastal Hospital in Kenya.

Please don’t bring up Fact Check either as they and Snopes can literally LOOK AT the thousands and thousands of birth certificates in Hawaii from people born in Korea, Australia, Germany and even Kenya like Barack Obama! They are all REAL and Authentic birth certificates, but that doesn’t mean Barack Obama was born in Hawaii.

Snopes and FactCheck aren’t lying when they say the 2007 birth certificate on Obama’s site is real. So are the thousands and thousands of birth certificates in Hawaii from people born in Korea, Australia, Germany and even Kenya like Barack Obama! They are all REAL and Authentic birth certificates, but that doesn’t mean they or Barack Obama was born in Hawaii.

This is the whole point my friends. That is why many of us are incensed that Obama is about to become the President and may not even Constitutionally qualify to be one!

This is unacceptable to every American who understands that Hawaii issues birth certificates to those born in foreign nations.

To become President of the United States one must meet 3 criteria.

* You must be 35 years of Age
* You must be a resident for 14 years
* You must be a natural born citizen - this is the one that someone born outside of the United States would obviously spend hundreds of thousands to prevent us from seeing. Hint Hint.

Supreme Court meets December 5th

5 Days before the Electoral College Meets on December 10th, 4 Justices of the Supreme Court will gather on December 5th. They will look at the numerous lawsuits before Federal court from all over the nation demanding Obama to reveal his vault copy. Knowing that anyone can have a Hawaiian birth certificate and still be born in other nations, it is imperative that you tell others what is going on.

This isn’t the ravings of a lunatic fringe as the mainstream media would have you believe. I ask any American who now understands that anyone born in any foreign nation can obtain a Real Hawaiian birth certificate that Snopes and FactCheck would authenticate as real.

Since you now know that anyone can get one do we as the people of the United States of America have the right to see Barack Obama’s birth certificate before he is sworn in? He must be a natural born citizen to be our President and obviously since he is fighting to prevent us all from knowing where he was born, he must have been born in Kenya.
Ask yourself why is he fighting all of this if there is nothing to it?

American Thinker rightly says:

B. His motion to dismiss the Berg case for lack of standing could be viewed as contemptuous of the Constitution. See, “Who Enforces the Constitution’s Natural Born Citizen Clause?“ Are we to expect yet another White House that hides behind lawyers, and expects Americans to swallow half-truths on a just-trust-me basis?
C. This issue poses the potential for a constitutional crisis unlike anything this country has seen. Disclosure at this stage, however, could even result in criminal sanctions. Thus, he has motive not to disclose, if he were ineligible.

The question not being asked by the holders of power, who dismiss this as a rightwing conspiracy, is what’s the downside of disclosing? This is a legitimate issue of inquiry because Barack Obama has turned it into one. The growing number of people who demand an answer in conformance with the Constitution are doing their work; the people’s watchdogs aren’t.

This issue will not be put to bed and I pray we resolve it before this man is in office.

Wednesday, November 26, 2008

Myth vs Reality

Obama’s Small Donor Juggernaut More Myth than Reality, Report Shows
Wednesday, November 26, 2008
By Fred Lucas, Staff Writer

President-elect Barack Obama (AP Photo)
( – It was widely reported that Barack Obama’s historic presidential win was fueled by an army of small donors, often contributing $5 and $10, at an unheard of rate in American history, but a recent study shows that Obama’s small donor base – and possibly reports of unparalleled youth-voter turnout – was more myth than reality.

The Campaign Finance Institute (CFI) study says that 26 percent of donors to Obama’s presidential campaign gave $200 or less, the definition of a small donation. That’s compared to 25 percent for President George W. Bush’s 2004 reelection campaign.

Most of the contributions to Obama were from repeat donors or bundled donations, the CFI report says.

“The myth is that money from small donors dominated Barack Obama’s finances,” said CFI Executive Director Michael J. Malbin. “The reality of Obama’s fundraising was impressive, but the reality does not match the myth.”

The study shows that Obama received 80 percent more from large donors, defined as giving $1,000 or more, than from small donors. Meanwhile, 47 percent of his total contributions came from large donors, compared to 60 percent for his Republican opponent John McCain.

In 2004, Bush raised 60 percent of his campaign funds in large donations, while his Democratic opponent Sen. John Kerry raised 56 percent in large donations.

News reports that seemingly overstated the power of small donations in Obama’s campaign are similar to those stories that reported young voters – ages 18 to 29 – mobilized in droves as never before to elect Obama as president.

However, the percentage of voters falling into this age category did not soar. There were 17 percent in that age category casting a ballot in 2004 compared to 18 percent in 2008, according to exit polling data from Edison Media Research/Mitofsky International.

The swing occurred in the margin of young people voting for the Democratic ticket, as Kerry beat Bush by nine points among young voters in 2004 while Obama trounced McCain by 34 points in that category, according to the exit polling data. A Fox News exit poll showed similar results.

“All this publicity about droves of young people that were sending him small contributions and it was a revolution in campaign finance was all a smokescreen to cover the fact that he was rejecting public funding, having said he would accept it, and he was taking large major contributions hand-over-fist,” author and former campaign consultant Dick Morris told

In total, Obama’s presidential campaign raised $452.8 million compared to McCain who raised $204.4 million.

McCain was constrained by the same public financing system used by both candidates in the 2004 race, which Obama opted out of this year allowing him to raise an unlimited amount. In 2004, Bush raised $256 million compared to Kerry’s $215.9 million.

Voter “turnout was only about 4 million higher, while as from ’00 to ’04 it grew by 20 million,” Morris said. “The big change was that the black percentage rose from 11 to 13. But other than that, it was essentially the same electorate.”

Tuesday, November 25, 2008

Change is coming!


By Frosty Wooldridge
November 24, 2008

"America: the world's most powerful nation, bankrupt and armed to the teeth; flooded with diametrically opposing cultures--turning it into a balkanized third world country. Frightening! " Rolando

Our U.S. Congress signs America’s death warrant by the tens of thousands every month. While one in every six American children lives below the poverty line, Congress imports 200,000 immigrants every month that equal 2.4 million legal and illegal immigrants annually that need housing, medical care and education. While 28 million Americans subsist on food stamps, we host 20 million illegal aliens that displace jobs from those Americans without jobs. With 14 million Americans unemployed, our U.S. Congress outsources, insources and offshores jobs with incredible alacrity.

Now, as if we do not suffer enough problems, the Bush administration flies 1,000 Iraqi refugees into our country every 30 days. Thus far in 2008, 11,000 more Iraqi immigrants live off American tax dollars, with another 17,000 expected in 2009. But these aren’t just ‘usual’ immigrants; these people represent Sunni and Shiite Muslims that have battled each other for hundreds of years. These folks don’t just ‘hate’ each other; they despise and kill one another!

Why not inject ourselves with the Bubonic Plague, import Israel and Palestine immigrants or more Saudi immigrants who flew airliners into the World Trade Centers? Can anyone imagine ‘how’ angry these immigrants must be? Bush bombed them back into the stone age? He killed thousands of their women and children! Can you imagine how many live for revenge? How many of the 12,000 that make our shores this year and the 17,000 arriving next year will be angry, livid and outraged?

Immigrant multitudes pour into California without end. A whopping 1,650 people, mostly immigrants, per day, arrive into that already overpopulated state. One reader wrote, “This proves the people of California have lost their minds. There are 1.5 million Californians out of work and now they are doing this just when we are in a financial crisis. I think they are trying to kill America. How many more people can we absorb? Our government has lost its mind if they allow this. They should be marching in the street in Los Angeles to NOT bring in more people. More people for the taxpayer to pay for does NOT make any sense.”

“Your most recent article TEN REASONS WHY MEXICANS CAPTURED AMERICA, Nov. 13th, 2008 cannot be more plain in telling a chilling reality most Americans seem so passively be accepting of and apparently indifferent to our country’s invasion by Mexico,” said one reader. “Manuel Alderete, of the Mexican Movement is proudly expressing the fact of the matter to America’s future result of a brainwashed, ignorant or lethargic bundled state in a majority of our fellow citizens.

“If the Gallup Poll July, 2008 linked in your article, truly and accurately reflects Americans opinion on immigration, finds that only 39% of Americans favor a reduction on immigration, there is no hope left for America and I rest my case.

“If our fellow-citizens would take the 10 minutes time or less to read your bi-weekly columns and nothing else, by now, they would be well informed about America’s perils and incoming bleak future. And maybe, they would also feel as I do, mad as hell, and join the efforts of others to stop it.

“The result of the poll tells me that our countrymen still do not “Get it”, that our government, our two major political parties and their corrupted whores posing as the representatives of the “people”, along with the fifth column MSM and the ethnocentric special interests groups, are each pursuing interests that will change America into a borderless territory as a non- Nation as part of a global feudal-like community in the Northern-Southern hemisphere.

“Our fellow citizens with the aid of the fifth column MSM have systematically being conditioned or coerced into accepting political correctness tactic effective in the use of words to discourage attempts and to quell any meaningful opposition.

“As an example, being opposed to illegal immigration- -racist! A term skillfully employed which most Americans are quick to deny it and to run away from. La Raza’s and their ilk intimidating tactics have effectively quieted Mr. Lou Dobbs, an outspoken champion of the legal immigration issue and many others in TV land. Radio talk opponents are next and the Internet perhaps not far off.

“I reside in the South West Texas gulf area in the Rio Grande Valley, the entire region along the border and beyond it is Mexican dominated; grocery products, music, radio, TV programming, all government services and offices, politicians, you name it. The displaying of the Mexican flag and signs in the Spanish language and among themselves speaking in Spanish is not uncommon. A large portion of these people, perhaps Mexicans-Americans are capable of speaking English, but if you are not Anglo looking in appearance, you will be most surely, spoken in Spanish. I often hear comments- Anglos should learn to speak Spanish.

“Their displaying of the Mexican flag and speaking in Spanish, it is nothing more than an “in your face” demonstration of their arrogant and contemptuous attitude.

“Mexicans are fiercely pro-Mexican and very resentful of European-Americans. I will venture to guess that there would be nothing more satisfying to Mexicans than to see America on “its knees”. Our fellow citizens not becoming active in the defense of our country, and those living in their pristine communities enclaves in particular, are in for a rude awakening!”

Another reader, Brian said, “You ask the question, "Where will Americans flee?" I think the question to ask is where will Mexicans flee? Mexico, according to economist Thomas Sowell, is actually richer in resources than the United States. But Mexican culture has made it a violent, corrupt, impoverished, hellhole. Who can blame Mexicans for fleeing to a better place which has been built by Americans who value education, justice, private property, and the rule of law--all those qualities of our nation which made it free and prosperous?

“Unfortunately, when Mexicans reach this relative paradise, instead of embracing our Constitution and the values which have made this country so much better than Mexico--or any other place I know of--they proceed to make it as much like Mexico as they can. They encourage more Mexicans to come here, driving down their own wages, bankrupting hospitals, and creating crime-ridden slums. Indeed I have read about Mexicans already fleeing Mexicanized areas of the United States for those better areas still largely populated by, and run by, Americans.

“Mexicans apparently believe that wealth is somehow intrinsic to this place--they do not realize that it is the principles and values of Americans which made it wealthy. Mexicans apparently believe that they can just take this wealth away from Americans--and for a time, they can, but the wealth will run out. Already Mexicans have bankrupted California--a study found that if it were not for all those immigrants consuming more in state services than they pay in, California would actually have a budget surplus instead of a huge deficit.

“Now Mexicans have helped elect Obama. Bad as Jorge Bush and his predecessors have been, Obama will only accelerate the decline with his socialist programs. Of course it is in Obama's interest to bring in and give citizenship to as many more third world immigrants as possible to assure his next election victory. The more minority interest groups clamoring for handouts, the more secure future socialist administrations will be. America will become a hellhole to rival Mexico itself.

“Mexicans should be worried about how to preserve America as Americans made it. When the entire country has become Mexicanized, where then will they flee?”

Bailout $$$

Bailout costs more than Marshall Plan, Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war, and NASA's lifetime budget -- *combined*!
Posted by Cory Doctorow, November 25, 2008 4:48 AM | permalink
Barry Ritholtz sez,

In doing the research for the "Bailout Nation" book, I needed a way to put the dollar amounts into proper historical perspective.

If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars.

People have a hard time conceptualizing very large numbers, so let’s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.

Crunching the inflation adjusted numbers, we find the bailout has cost more than all of these big budget government expenditures – combined:

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion

TOTAL: $3.92 trillion

Monday, November 17, 2008

Obama crimes full page Washington Times 11/7/08

You may also find the following link interesting:

Wednesday, November 12, 2008

Proof - Obama born in Kenya

The Imam who came forward to assist in the search of Barack Obama’s identity left Kenya secretly last night, and will arrive in the UK this morning. He will meet with a US contact person who will assist him in recording an asylum statement in the UK after handing over the documents that caused the blessing of Obama when he was born and to confirm the origin of the name Hussein.

The man will join relatives in the UK because his life will be in danger if he were to return to Kenya after removing the documents from the Mosque’s archives and taking them out of the country. The man has been informed about the on-going case filed in the US Supreme Court by attorney Philip Berg challenging Barack Obama’s citizenship.

When the man heard that Jerome Corsi was in Kenya a few months ago, he took a decision to try and meet him, but had to travel back to Mombasa from Nairobi on hearing that Corsi had been bundled and taken to the airport on deportation orders.

The Imam is the grandson of the late Imam who blessed Barack Obama when he was born in Mombasa on the 4th of august 1961.

While in the UK, the Imam and the American contact person will visit Amnesty International before handing himself over to the authorities where he will formally deliver his application for asylum. The contact man has arranged so that they get an official from Amnesty international to accompany them to the home office desk where he will inform them on he dangers that will face him if he were to return to Kenya after delivering the documents on Obama.

This may now bring to close the speculations on Obama’s citizenship and the secrecy on where he was born.

API will dispatch a detailed letter in support of the Imam’s - application for asylum and protection - to the UK Home Office Secretary later today. The letter will be made available on the site here, but minus the names of the Imam.

African Press International

Unprecedented times

These ARE unprecedented times.
by Eric deCarbonnel

Here is a great blog entry by Chuck from Rebel Traders:

It is getting very difficult to find new words to describe what has been unfolding in our nations economy over the past year. Each day brings more news about declining corporate earnings, economic conditions deteriorating, and a falling consumer confidence of record levels.

And with each bit of news that further points to a bleak economic outlook I find it difficult to find ways to describe it without sounding repetitious. Just how many times can I say “unprecedented” before it becomes ineffective, or it looses its strength? The dictionary defines unprecedented as follows…

without previous instance; never before known or experienced; unexampled or unparalleled: an unprecedented event.

Roget’s Thesaurus gives some alternate words such as “
abnormal“, “anomalous“, “extraordinary“, “remarkable“, and “unrivaled” as some other ways to describe unprecedented. But, there is simply no better word to describe what has happened over the past year. So with fear of sounding repetitious once again… we are witness to unprecedented events unfolding at an almost daily rate.

Lets recap:

The failure of Bear Stearns
The failure of Lehman Brothers
The disguised failures of the Goldman Sachs and Morgan Stanley by converting to bank holding companies
Largest bank failures in US history (Washington Mutual, IndyMac)
Other banks merging and/or failing
The failure of Freddie Mac and Fannie Mae and their subsequent nationalization
The failure of AIG (yes, it is a failure otherwise the Government would not have had to step in and become essentially an 80% owner of the company)
Record foreclosures on residential properties
Record losses among many US companies
Rapidly rising personal bankruptcy filings
US Government bail out funding of $700 Billion
Federal Reserve’s creation of numerous “lending facilities”
Record depletion of reserves among the US banks
Direct tax payer funds being injected into the banks balance sheets
$150 Billion Stimulus bill and more to come
Rapidly increasing layoffs
Rising number of retail stores filing chapter 11 and others going out of business
Numerous mortgage companies closed up operations
Collapse of the credit system
Drastic declines in US home prices
The collapse of the economic systems of Iceland
The increasingly likelihood of entire nations becoming insolvent (Hungary, Argentina, Ukraine, etc)
Numerous Federal Reserve emergency rate cuts. And now an effective funds rate of near zero
The near bankruptcy of the major auto manufacturers (General Motors, Ford, and Chrysler)

That is just what comes to mind without going back and looking through my many notebooks. And all of that happened within just the past year. Now you know why it is I use the word “unprecedented” so often. Because it is!

The bear market of 2000 - 2003 reduced the S&P 500 index 47% from peak to trough. That bear market was pale in comparison to the problems that are unfolding currently. Back then it was driven by an over exuberance in the stocks of the Internet revolution (aka ‘tech boom’). When many Internet and technology companies could not survive unemployment went up and the nation entered into a brief recession. There were no systemic risks to the US and global economies like we have now. There is simply no comparison between the previous bear markets of the past 70 years to the one we are in now.

Market analysts in the mainstream media like to keep saying that stocks are a great value currently. They keep trying to draw comparisons to the last bear market and how we are very close the percentage declines from that one. And that in itself they believe is reason enough to think it is a good time to scale back into the stock market for the long haul.

The professional Wall Street analysts have never changed their ways. During the bear market of 2000 - 2003 many analysts kept advising to ‘buy, buy, buy’ as the market kept declining. And they were advising their clients to buy the very companies that were in the most in danger of going out of business… and many did.

You think the professional analysts who work for the major institutions (of those that are now still in business) have your best interest at heart? Well just go back to the last bear market and this news item…

From April 2003…
Wall Street Investment Firms Fined Historic $1.4 Billion in Settlement

In a settlement announced on Monday, April 28 2003, ten Wall Street Firms - Salomon Smith Barney, Merrill Lynch, Credit Suisse First Boston, Morgan Stanley, Goldman Sachs, J.P. Morgan Chase, Bear Stearns, Lehman Brothers, US Bancorp Piper Jaffray, UBS Warburg (UBS Paine Webber) - will pay out at least $1.4 billion and will be required to accept business reforms. No firm or individual has admitted to having misrepresented information presented to investors. Internal emails were used as evidence that analysts had known the stocks were not represented accurately. In fact, while the stocks were being touted in public, they were being disparaged in private emails.

The settlement with its fines, payments, and reforms are geared towards increasing investor confidence. $387.5 million of this fund has been set aside to reimburse investors who were victims of stock broker fraud.

And some memorable quotes following that suit…

William Donaldson, Chairman of the SEC: “These cases reflect a sad chapter in the history of American business – a chapter in which those who reaped enormous benefits from the trust of investors profoundly betrayed that trust.”

Eliot Spitzer, New York State Attorney General, speaking about Salomon executives awareness of manipulating research to benefit investment banking business: The executives “fully grasped and understood the way research was being manipulated.” Reimbursement fund for “small investors lead astray…because of fraudulent research”.

John Markese, President of the American Association of Individual Investors: The settlement “brings home just how rotten this thing was.”

Dick Grasso, New York Stock Exchange chairman: “This historic settlement establishes a clear bright line – a banker is a banker and an analyst is an analyst. The two shall never cross.”

Today nothing has changed. The professional Wall Street firms always have, and always will, continue to look out for themselves and their ‘big money’ interests, not yours.

The problems we face today have been greatly amplified by the greed of the very same Wall Street firms who recklessly sought to capitalize in every way possible in the credit and housing growth of the late 90’s and early 2000’s. Their creation of securities that were all tied right back to the mortgages of the average home owner was done without any regard for the dangers and perils of what they were doing. And in order to get even more mortgages to ‘play with’ the mortgage industry loosened their lending standards so that more and more people could obtain a mortgage. All ingredients for a major disaster which we now have.

And now that these same firms are in serious financial turmoil and they are begging the Government (tax payers) to keep them alive. They want you and I to kiss their wounds and make it all better. Well you know my position on this.. I say “kiss off’. No more tax payer funds to keep companies that made bad decisions alive. We have become a nation of rewarding bad behavior with rescue packages, bail outs, and low interest loans. The companies that got in over their heads, and lost Billions, need to fix their own problems… or fail.

Now we have the automakers at the brink of collapse. The CEO’s of the largest automakers all went to Washington last week to cry and whine about how bad business is. Now you and I will be asked forced into bailing them out too.

You might be asking yourselves just where the hell are all of my tax dollars going when these companies get handed checks by the Government. Well your not alone, people have been trying to get data out of the Government to see just what they are doing.

From the Wall Street Journal:

November 7, 2008, 5:09 pm
Bloomberg News Sues the Fed

Bloomberg News is going to court to compel the Federal Reserve to disclose securities the central bank is accepting as collateral for its raft of new lending. The company is filing its suit based on the U.S. Freedom of Information Act.

Bloomberg says:

Bloomberg News on May 21 asked the Fed to provide data on the collateral posted between April 4 and May 20. The central bank said on June 19 that it needed until July 3 to search out the documents and determine whether it would make them public. Bloomberg never received a formal response that would enable it to file an appeal. On Oct. 25, Bloomberg filed another request and has yet to receive a reply.

The Fed staff planned to recommend that Bloomberg’s request be denied under an exemption protecting “confidential commercial information,” according to Alison Thro, the Fed’s FOIA Service Center senior counsel. The Fed in Washington has about 30 pages pertaining to the request, Thro said today before the filing of the suit. The bulk of the documents Bloomberg sought are at the Federal Reserve Bank of New York, which she said isn’t subject to the freedom of information law.

“This type of information is considered highly sensitive, and it would remain so for some time in the future,” Thro said.

The information is considered “highly sensitive”… Just a convenient way of hiding the facts from the people. There is only one way to end this problem. And it begins with the immediate disclosure of all assets and their mark to market values. Let the losses be realized in full. This way the strong will survive and the weak will die. Flush the system out in the open and then, and only then, can the problems be dealt with.

Right now the Government is trying to apply bubble gum to a dam that is springing numerous leaks. They need to open the emergency flood gates. By opening the flood gates it will likely destroy some innocent companies downstream, but it is easier to rebuild some as compared to rebuilding everything should the dam fail completely which is becoming increasingly likely with each passing day.

The S&P 500 index is has declined 37.5% from peak to trough during this current bear market. Do you think that it is over and we are beginning a new multi year bull market? I have bad news for you… Take the 37.5% experienced so far and double that for starters. There will be the occasional ‘bear market rally’, but the long term picture remains very bleak.

These ARE unprecedented times…

My reaction: Reading this entry reminds me why I started this blog. After a year of "unprecedented" events, I got tired of hearing talking heads on the radio predicting market bottoms and new bull markets. There is only so much delusional optimism I can tolerate.

We are not near a market bottom or a new bull market. Those historical examples analysts love to talk about (ie: historically municipal bonds have had a low default rate) mean nothing In unprecedented times. Those "great valuation" you hear about are pipedreams based on optimistic earnings estimates. Finally, the nightmare scenario, a deflationary and dollar collapse, is the likeliest outcome at this point (if you know how we can avoid it without an act of god, I would love to hear it). So please, ignore the optimism oozing out of Wall Street and go buy some gold instead.

Sunday, November 9, 2008

An Obama inspired Constitutional crisis?

Will Barack Obama throw America into a Constitutional Crisis by denying the Supreme Court’s order of proof of citizenship?

Justice Souter of the Supreme Court has ordered President Elect Obama to produce a ‘vault’ copy of his birth certificate by Dec 1st 2008. This is the same document that up until now the Obama legal team has fought showing to the American public. It is widely rumored that Obama was born in Kenya and his vault copy of his birth certificate will say this. Hence his legal maneuvering to not let the public see it. The Supreme Court will not let this go.

From Atlas Shrugs:

“I can see a unanimous Court (en banc) decertifying the election if Obama refuses to produce his birth certificate,” says Raymond S. Kraft, an attorney and writer. “They cannot do otherwise without abandoning all credibility as guardians of the Constitution. Even the most liberal justices, however loathe they may to do this, still consider themselves guardians of the Constitution. The Court is very jealous of its power - even over presidents, even over presidents-elect.”

Also remember that on December 13, the Electoral College meets to casts its votes. If it has been determined that Mr. Obama is an illegal alien and therefore ineligible to become President of the United States, the Electors will be duty-bound to honor the Constitution. see article

Will Obama tell the Supreme Court that he doesn’t need to prove his citizenship? Only time will tell now. America awaits.

Thus far he has used every legal trick in the book to have this case dismissed. He is doing everything to not have to show the Supreme Court his birth certificate.

Just as a simple question of his integrity, why would he be fighting it? He won the the vote after all and is set to be sworn in in January. How on earth can anyone say that he doesn’t need to show the Supreme Court his birth certificate? He can not and the Court as well as the Electoral college can see to it that he is not sworn in on Constitutional grounds.

Monday, November 3, 2008

One Last Try for Sanity

The facts please... just the facts......
Mr. Obama

1. Occidental College records -- Not released

2. Columbia College records -- Not released

3. Columbia Thesis paper -- not available, locked down by faculty

4. Harvard College records -- Not released, locked down by faculty

5. Selective Service Registration -- Not released

6. Medical records -- Not released

7. Illinois State Senate schedule -- 'not available'

8. Law practice client list -- Not released

9. Certified Copy of original Birth certificate - Not released

10. Embossed, signed paper Certification of Live Birth -- Not released

11. Harvard Law Review articles published -- None

12. University of Chicago scholarly articles -- None

13. Your Record of baptism-- Not released or 'not available'

14. Your Illinois State Senate records--'not available'

You couldn't get a job at McDonalds and become district manager after 143 days of experience.

You couldn't become chief of surgery after 143 days of experience of being a surgeon.

You couldn't get a job as a teacher and be the superintendent after 143 days of experience.

You couldn't join the military and become a colonel or even a Sargent after 143 days of experience.

You couldn't get a job as a reporter and become the nightly news anchor after 143 days of experience.


'From the time Barack Obama was sworn in as a United State Senator, to the time he announced he was forming a Presidential exploratory committee, he logged 143 days of experience in the Senate. That's how many days the Senate was actually in session and working. After
143 days of work experience, Obama believed he was ready to be Commander In Chief, Leader of the Free World .... 143 days later.

We all have to start somewhere. The senate is a good start, but after 143 days, that's all it is - a start.

AND, strangely, a large sector of the American public is okay with this and campaigning for him. We wouldn't accept this in our own line of work, yet some are okay with this for the President of the United States of America ? Come on folks, we are not voting for the next American Idol!

It is no wonder the country is in the shape it is in. Wake up Dorothy...because we sure as hell are not in Kansas anymore. It feels more like "Bizzarro World".

Please, please forward this before it's too late!!!!

Obama says, "So long, Coal industry".

Coal States Virginia , Ohio, Pennsylvania, Colorado, and Indiana, Are you listening?

Free Republic transcribed this video (via Gateway Pundit):

Let me sort of describe my overall policy.

What I’ve said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else’s out there.

I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.

So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.

That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches.

The only thing I’ve said with respect to coal, I haven’t been some coal booster. What I have said is that for us to take coal off the table as a ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

So if somebody wants to build a coal-powered plant, they can.

It’s just that it will bankrupt them.