Archive for October, 2009

Government Is Trying to Make Bailouts for the Giant Banks PERMANENT

Posted in Attack on Freedom, economic tyranny, Economy, Fiat Currency, New World Order, News, Shadow Government, The Federal Reserve, Tyranny, Unconstitutional with tags , , , , , , , on October 29, 2009 by truthwillrise

Washington’s Blog
October 29, 2009

 

 

 

 

 

Congressman Brad Sherman: “I’m not looking for a TARP on steroids with oversight. I’m looking for an end of TARP.”

featured stories   Government Is Trying to Make Bailouts for the Giant Banks PERMANENT  
  brad sherman
   
 
   

On September 25th, I wrote:

Paul Volcker and senior Harvard economist Jeffrey Miron both testified to Congress this week that the government is trying to make bailouts for the giant banks permanent.

 

 

 

 

 

 

 

 

 

 

 

Writing Wednesday in The Hill, Congressman Brad Sherman pointed out that :

In my opinion, Geithner’s proposal is “TARP on steroids.” Section 1204 of the proposal [the proposal being the “Resolution Authority for Large, Interconnected Financial Companies Act of 2009”] allows the executive branch to use taxpayer money to make loans to, or invest in, the largest financial institutions to avoid a systemic risk to the economy.

Geithner’s proposal reminds me of the Troubled Asset Relief Program (TARP), the $700 billion Wall Street bailout adopted last year, but the TARP was limited to two years, and to a maximum of $700 billion. Section 1204 is unlimited in dollar amount and is a permanent grant of power to the executive branch. TARP contained some limits on executive compensation and an array of special oversight authorities. Section 1204 contains absolutely no limits on executive compensation and no special oversight.

When I asked Geithner whether he would accept a $1 trillion limit on the new bailout authority (if the executive branch wanted to spend more, it would have to come back to Congress), he rejected a $1 trillion limit, insisting that the executive branch be able to respond without coming back to Congress.

Both TARP and the Treasury proposal have vague provisions under which taxpayers might possibly recover any money lost through a special tax on the financial services industry. Under the Treasury proposal, only the very largest institutions could benefit from a bailout, but the special tax, if ever collected, would fall chiefly on medium-sized institutions.

Thus, the medium-sized institutions will be at a competitive disadvantage for two reasons. First, the largest institutions will be able to borrow money more cheaply because their creditors will believe that if the institution is unable to pay, the taxpayers will. Second, if there ever is a bailout benefitting a very large financial institution, the tax will be imposed on the medium-sized institutions.

Sherman is a senior member of the House Financial Services Committee and a certified public accountant, so he has a good nose for analyzing proposed financial regulations.

Last week, Sherman made the following comments to the Washington Independent regarding Congress’ proposed bill on the too big to fails:

That is a huge gravy train to the top 20 [financial institutions] because it allows them to borrow money at a lower rate. Think of what this does to moral hazard.

I’m not looking for a TARP on steroids with oversight. I’m looking for an end of TARP.

The House Committee on Financial Services will hold a hearing on the bill tomorrow, with Tim Geithner, Sheila Bair, John C. Dugan (Comptroller of the Currency), Daniel K. Tarullo (Governor, Board of Governors of the Federal Reserve System), John E. Bowman (Acting Director, Office of Thrift Supervision), Richard Trumka (President, AFLCIO), and others as witnesses.

As the Washington Independent points out, Sherman is going to try to take Tarp off of steroids:

Sherman said he intends to offer a series of amendments addressing the issue during the Financial Services panel’s markup of the bill, which has yet to be scheduled. Included will be a provision to cap the president’s bailout authority at $1 trillion, and another to strip out the resolution authority language entirely. A potential third proposal — to create an oversight panel like that monitoring TARP funds — is one he’s leaning against.

Charged with Murder, Son Who Stabbed House Raider

Posted in Attack on Freedom, New World Order, News, Stupid Government Tricks, Tyranny with tags , , , on October 29, 2009 by truthwillrise

David Pilditch
Daily Express
Ocotber 29, 2009

 

A son hailed a hero for tackling two teenage burglars, stabbing one of them to death, was charged with murder yesterday.

 

Omari Roberts, 23, was widely praised after tackling Tyler Juett, 17, and a 14-year-old accomplice when he caught them breaking into his mother’s home.

He chased the 14-year-old off, then returned to the house to find Juett still there. They scuffled and Juett suffered a six-inch stab wound that severed vital arteries.

Juett was rushed to hospital but later died from his injuries.

Read entire article

Shots Fired at home of Lou Dobbs

Posted in Attack on Freedom, New World Order, News with tags , , , on October 29, 2009 by truthwillrise

ALIPAC
October 29, 2009

“The Attack on the Dobbs Family Was An Attack On All Americans That Value Our 1st Amendment Rights!” — William Gheen of ALIPAC.us

Friends of ALIPAC,

 

  • A d v e r t i s e m e n t
  • featured stories   Shots Fired at home of Lou Dobbs

We have just learned that someone has fired a gun at the home of Lou Dobbs, with his wife just a few feet away from the incident. The gunfire followed a series of threatening phone calls.

 

Lou Dobbs is being targeted by the pro-illegal alien groups and pundits who feel that Dobbs is stopping Amnesty from passing.

The Southern Poverty Law Center, the Anti Defamation League, the National Council of La Raza, Media Matters, and Geraldo Rivera of Fox News are using false information to foment hatred towards Lou Dobbs or any American who speaks out against Amnesty or illegal immigration.

They have pushed for Lou Dobbs to be fired and since CNN has refused to do that some people are now turning to violence to try and achieve their goals.

The lies and hate coming from these radical pro-illegal alien groups is now manifesting in the form of gunfire fired into the occupied home of an innocent multi-racial family.

Lou Dobbs is a great American who is standing up for the people of the United States and sharing information with the public that the elites want censored.

Here is the Audio of Lou Dobbs telling the tale of this gunfire into his home.

Please share this video with others, make supportive comments, and add to your favorites to spread the word!

Cops Disguised as Homeless Bust Drivers in Houston

Posted in New World Order, News, Police State/Martial Law with tags , , , on October 29, 2009 by truthwillrise

Mary Benton
Click2Houston
October 29, 2009

The Houston Police Department launched a new creative campaign to crack down on dangerous and aggressive drivers, KPRC Local 2 reported Wednesday.

 

The plan calls for putting plainclothes officers in different locations around the city to spot drivers who are speeding, not wearing seat belts, or changing lanes erratically.

In one tactic, senior Houston Police Officer William Dodson will dress in street clothes and stand at a street corner with a sign in his hand.

Some people could mistake him for a vagrant, but on closer inspection, they will see that the sign is reminding people to wear their seat belts.

Read entire article

Canadians wary of swine flu vaccine

Posted in Attack on Freedom, False Flag Terror, New World Order, News, Poison Foods and Products with tags , , , , on October 26, 2009 by truthwillrise

OTTAWA — Most Canadians are skeptical of the swine flu threat and of the vaccine to fight it, a survey suggested on Monday as the country’s largest-ever vaccination program in Canada got underway.

Fifty-one percent of 1,000 Canadians surveyed by polling firm Strategic Counsel for the daily Globe and Mail newspaper said they would not get vaccinated against the deadly A(H1N1) flu virus, while 49 percent said they wanted a flu shot.

The poll gave no margin of error because the respondents answered voluntarily through an online survey. A similar survey in July showed 62 percent saying they planned to get a swine flu shot.

The split reflects lingering concerns that the vaccine developed by GlaxoSmithKline has not been fully tested and that the influenza outbreak is not very serious, pollster Tim Woolstencroft told the newspaper.

“There has been a real drop-off in the desire to have the vaccination shot,” he said, due mostly to safety concerns and the view that health officials “have been crying wolf too many times” about the threat posed.

The swine flu has so far contributed to 86 deaths in Canada, more than 1,500 hospitalizations and close to 300 critical care ward admissions, according to Health Canada.

Even so, 59 percent of respondents said they believe the swine flu is no more dangerous than the common cold. Only seven percent thought it could be life-threatening.

Aboriginals, youths and medical staff — groups believed to be most at risk of serious infection — received the first round of swine flu shots on Thursday.

A national vaccination campaign kicked off Monday.

Circulation drops at U.S. newspapers as readers turn to online news sources

Posted in Business, Economy, News with tags , on October 26, 2009 by truthwillrise

Martin Zimmerman
The Los Angeles Times
October 26, 2009

Circulation at U.S. newspapers fell more than 10% during the last six months as readers fled to the Internet at a faster pace.

 

The Audit Bureau of Circulations reported today that the average weekday circulation of the nearly 400 daily papers that reported sales slid 10.6% between April and September compared to the same six-month period in 2008. That was bigger than the 7.1% decline recorded during the previous six months.

Of the nation’s five biggest daily papers, four reported circulation declines. The Wall Street Journal displaced USA Today as the nation’s largest daily, notching a slim 0.6% gain in subscribers to reach slightly more than 2 million. USA Today’s circulation fell 17% to 1.9 million as the Gannett Co. paper, which gets many of its sales at hotels and airports, was hit by the slump in travel.

Read entire article

Podesta Suggests Legalizing Pot and Taxing It

Posted in News with tags , , , on October 26, 2009 by truthwillrise

ABC News
October 26, 2009

Not there yet, but the roundtable seemed to think that the legalization of marijuana is coming. John Podesta even suggested (in jest?) taxing marijuana could be a way to pay for health care. The times they are a-changin’.

Police Define Political Activism As ‘Domestic Extremism’

Posted in Attack on Freedom, New World Order, News, Paul Watson, Police State/Martial Law, Stupid Government Tricks, Tyranny with tags , , , , , on October 26, 2009 by truthwillrise

Paul Joseph Watson
Prison Planet.com
Monday, October 26, 2009

Police Define Political Activism As Domestic Extremism 261009top

Police in Britain have defined political activism as “domestic extremism” and are treating people who attend demonstrations as criminals, cataloguing them on multiple national databases as well as tracking their vehicle license plates to enable them to be targeted for stop and search harassment.

People of any political persuasion protesting any cause whatsoever, right or left-wing, are having their details stored on a network of nationwide intelligence databases overseen by three national police units exclusively devoted to spying on those who are even mildly politically active in Britain.

“The hidden apparatus has been constructed to monitor “domestic extremists”, reports the London Guardian. “Detailed information about the political activities of campaigners is being stored on a number of overlapping IT systems, even if they have not committed a crime.”

The police units in control of the system are headed up by the “terrorism and allied matters” committee of the Association of Chief Police Officers (Acpo), illustrating once again that the British government equates peaceful protest with domestic terrorism.

“Vehicles associated with protesters are being tracked via a nationwide system of automatic number plate recognition (ANPR) cameras,” reports the Guardian. “One man, who has no criminal record, was stopped more than 25 times in less than three years after a “protest” marker was placed against his car after he attended a small protest against duck and pheasant shooting. ANPR “interceptor teams” are being deployed on roads leading to protests to monitor attendance.”

 

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  • featured stories   Police Define Political Activism As Domestic Extremism

The system, funded to the tune of £9 billion by the taxpayer, also employs spies to infiltrate and inform on protest groups.

 

The following Orwellian statement is the the government’s response to criticism that the databases contain vast numbers of people who have no criminal record.

“Just because you have no criminal record does not mean that you are not of interest to the police,” said Anton Setchell, national co-ordinator for domestic extremism for the Association of Chief Police Officers (Acpo). “Everyone who has got a criminal record did not have one once.”

In other words, everyone who attends a protest, criminal record or not, is on the database and is regarded as a “domestic extremist” by the government.

Superintendent Steve Pearl, the front man for one of the units within Acpo tasked with surveilling protesters told the Guardian that the system was set up after intense pressure from big business, particularly pharmaceutical giants, as well as banks, who demanded that demonstrators be targeted after a minority of animal rights activists engaged in criminal acts.

As another Guardian report on the story explains, just like their counterparts across the pond, British authorities have rebranded lawful protests as “domestic extremism” and now treat any attempt to further a campaign, change legislation or domestic policy as probable cause for criminal surveillance.

Police Define Political Activism As Domestic Extremism 261009top2

Police are provided with mug shots of protesters, known as “spotter cards,” (see above) enabling them to identify key members of protest groups, despite the fact that these individuals have no criminal records.

As comedian Mark Thomas discusses today in his Guardian piece, despite the fact that he was merely attending an arms fair for the purpose of researching for a book, his mug shot is featured on the “police spotter card,” while companies inside the fair who were openly selling illegal torture devices were completely ignored by the government and the police.

“The very phrase “domestic extremist” defines protesters in the eyes of the police as the problem, the enemy. Spying on entire groups and organisations, and targeting the innocent, undermines not only our rights but the law – frightfully silly of me to drag this into an argument about policing, I know,” writes Thomas.

“Protest is part of the democratic process. It wasn’t the goodwill of politicians that led them to cancel developing countries’ debt, but the protests and campaigning of millions of ordinary people around the world. The political leaders were merely the rubber stamp in the democratic process. Thus any targeting and treatment of demonstrators (at the G20 for example) that creates a “chilling effect” – deterring those who may wish to exercise their right to protest – is profoundly undemocratic.”

This is what spying on and treating protesters as extremists and criminals is all about. The government has created a chilling atmosphere where people are scared to exercise their rights because of the fear they will be targeted by the authorities. This is an end run around freedom as it is just as good as outlawing protest altogether. This is how tyranny throughout history always begins – first the state demonizes protesters as extremists and discourages anyone from joining their ranks through fear and intimidation. Once the number of dissidents has been reduced to a tiny minority, the authorities then have free reign to stamp the boot down and eliminate free speech altogether.

The only way to counter this is to shake off the psychological shackles of intimidation, get past our fear and be more vocal than ever in exercising free speech and our right to protest – because the alternative and what it may entail is nightmarish to even consider. If you care about living in anything like a free society with any modicum of free speech whatsoever, then the message is simple – use it or lose it.

Poll Shows Belief in Global Warming is Declining PDF

Posted in "Global Warming", Attack on Freedom, New World Order, News with tags , , , , , on October 24, 2009 by truthwillrise

Written by James Heiser
Friday, 23 October 2009 14:00

With the Copenhagen UN Climate Change Conference less than two months away, a new poll reveals that more and more Americans are seeing through the hype. Meanwhile, the Internationalists are squealing that Obama isn’t doing enough to push their agenda.

A poll by the Pew Research Center has documented a 20 point drop in the number of Americans who believe in anthropogenic (that is, man-made) climate change. According to a story from the Associated Press:

Just 57 percent think there is solid evidence the world is getting warmer, down 20 points in just three years, a new poll says. And the share of people who believe pollution caused by humans is causing temperatures to rise has also taken a dip, even as the U.S. and world forums gear up for possible action against climate change.

In a poll of 1,500 adults by the Pew Research Center for the People & the Press, released Thursday, the number of people saying there is strong scientific evidence that the Earth has gotten warmer over the past few decades is down from 71 percent in April of last year and from 77 percent when Pew started asking the question in 2006. The number of people who see the situation as a serious problem also has declined.

The margin of error in this study is relatively small — three percent — and thus it is clearly an indication of very good news which could not have come at a better time. As we have documented previously, there are valid scientific grounds for doubting the ‘doom and gloom’ scenarios being pushed by the environmental extremists: the models which predicted extreme climate change are out of step with the data.

When it comes to environmental fear-mongering, more people need to be asking: “Cui bono?” Who stands to gain from fomenting hysteria? Massive economic redistribution schemes are caught up in the plans for Copenhagen — in fact, as much as $1 trillion may be taxed out of the hides of the people of the First World and given to the Third World to offset the costs of their adaptation to the Green Global New World Order.

Most Americans certainly don’t want to see a system of cap-and-trade imposed on their economy, just to watch the taxes raised by that system given away to other nations. Again, according to the AP article:

The steepest drop has occurred during the past year, as Congress and the Obama administration have taken steps to control heat-trapping emissions for the first time and international negotiations for a new treaty to slow global warming have been under way. …

Only about a third, or 36 percent of the respondents, feel that human activities — such as pollution from power plants, factories and automobiles — are behind a temperature increase. That’s down from 47 percent from 2006 through last year’s poll. …

Political breakdowns in the survey underscore how tough it could be to enact a law limiting pollution emissions blamed for warming. While three-quarters of Democrats believe the evidence of a warming planet is solid, and nearly half believe the problem is serious, far fewer conservative and moderate Democrats see the problem as grave. Fifty-seven percent of Republicans say there is no solid evidence of global warming, up from 31 percent in early 2007.

With the economy in shambles, and mid-term elections only a year away, many politicians will to be looking to their futures. The science is weak and the people know it — despite a seemingly-endless indoctrination program from almost every media outlet, clearly many citizens are simply refusing to listen to the hype anymore.

The result of this public disbelief in man-made climate change? The Internationalists are beginning to panic. Today, the official UN website for the upcoming Copenhagen Conference is publicly excoriating President Obama for not doing more to force adoption of cap-and-trade:

Adoption of US legislation on climate change before the UN conference in Copenhagen this December will be crucial to the successful outcome of the conference. Therefore, US President Barack Obama should not resign himself to suggestions that the legislative process will need more time.

This was the message from Rajendra Pachauri, head of the Intergovernmental Panel on Climate Change (IPCC), as he attended a debate in Stockholm.

“I personally feel he (Barack Obama) ought to do a lot more (…) He really has to assert himself to see that the US passes legislation (…) He has to get the Senate to legislate the Kerry-Barbara Boxer bill (…) He had not (yet) put his weight behind it,” Rajendra Pachauri said according to AFP.

The IPCC chair added that he was cautiously optimistic on the chances of getting US legislation in place before the Copenhagen conference; that it is “critically important that the US be part of this world deal” and that a US bill “could make all the difference in the negotiations.”

But the candidate of “Hope and Change” is hearing a lot of political whining right now. From the utter inability of the Obama administration to deal with a cratering economy, and the constantly moving deadline for health care collectivization, it appears that the President has discovered it is easier to read speeches than actually work within the messy political process; the only ‘change’ presently coming out of this White House seems restricted to what can be wrapped in the mantle of “executive orders” and similar unilateral machinations.

Yes, the pesky political process of the United States is wearisome to the gaggle of globalists at the IPCC. And certainly the environmental fringe will not quietly accept their weakening position in the opinion of the public; in fact, one may anticipate that the Chicken Little brigade is presently investing in louder megaphones and they, together with the media and political elites, will ramp up the threats of imminent global death unless we surrender control of the global economy to international environmental regulation. But for the moment, truth is making headway against error, and that is good news indeed.

Rt. Rev. James Heiser has served as Pastor of Salem Lutheran Church in Malone, Texas, while maintaining his responsibilities as publisher of Repristination Press, which he established in 1993 to publish academic and popular theological books to serve the Lutheran Church. Heiser has also served since 2005 as the Dean of Missions for The Augustana Ministerium and in 2006 was called to serve as Bishop of the Evangelical Lutheran Diocese of North America (ELDoNA). An advocate of manned space exploration, Heiser serves on the Steering Committee of the Mars Society. His publications include two books; The Office of the Ministry in N. Hunnius’ Epitome Credendorum (1996) and A Shining City on a Higher Hill: Christianity and the Next New World (2006), as well as dozens of journal articles and book reviews.

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RP said:


When breaking the numbers down, 57% believe there is global warming. Only 36% of THOSE believe global warming is anthropogenic. What this means is that LESS than 21% of respondents believe in anthropogenic global warming.

Mr. Gore, it is obvious that you have managed to fool some people, you have also shown it obvious that you know the truth because of your refusal to even TRY to debate your position. You KNOW you don’t have a leg to stand on, and yet you persist.

Ron Paul: Wall Street’s Banker Bailout Fraud

Posted in economic tyranny, Fiat Currency, International Bankers, New World Order, News, Shadow Government, The Federal Reserve with tags , , , , , , on October 21, 2009 by truthwillrise

Infowars
October 20, 2009

Wall Street has the strings on Washington.

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