"JP Morgan Silver Manipulation Explained": "I am far from a financial expert, so cannot vouch for the soundness of the theory advanced here.
Still, buying silver would have to be a good long term investment, with inflation knocking on our doors.
Saturday, December 4, 2010
"JP Morgan Silver Manipulation Explained"
from New Zeal: Security Risk? More Evidence of Mary Jo Kilroy's ...
"JP Morgan Silver Manipulation Explained": "I am far from a financial expert, so cannot vouch for the soundness of the theory advanced here.
Still, buying silver would have to be a good long term investment, with inflation knocking on our doors.
"
"JP Morgan Silver Manipulation Explained": "I am far from a financial expert, so cannot vouch for the soundness of the theory advanced here.
Still, buying silver would have to be a good long term investment, with inflation knocking on our doors.
"Goodbye Sweden"
from New Zeal: Security Risk? More Evidence of Mary Jo Kilroy's ...
"Goodbye Sweden": "British commentator Pat Condell has some hard truths for Sweden - and every other western country.
"
"Goodbye Sweden": "British commentator Pat Condell has some hard truths for Sweden - and every other western country.
Bipartisanship? Top Senate Democrats defect, join unified GOP And Stop Obama Tax Hikes
from Red White Blue News
Bipartisanship? Top Senate Democrats defect, join unified GOP And Stop Obama Tax Hikes: "
swenbwr
"
Bipartisanship? Top Senate Democrats defect, join unified GOP And Stop Obama Tax Hikes: "
RWB News: This is not what you will be hearing from the Liberal Media and Talking heads,mark my word, but key democrats like Senators Russ Feingold of Wisconsin, Joe Manchin III of West Virginia, Ben Nelson of Nebraska, and Jim Webb of Virginia — as well as by Senator Joseph I. Lieberman, independent of Connecticut joined with Republicans and defeated the bid for “Class Warfare”. Only this group of Liberal Democrats believe this is a good time to raise taxes on anyone including the people that create jobs. “Lets steal more money that doesn’t belong to us from people that do the hiring when times are tough and wonder why Unemployment keeps going up for another 2 years”….sounds like another Democrat economic fix.
Liberals think all Americans are like them and forgot the concept for running a business. Businesses want to hire more people….this means their products are in high demand therefor resulting in a “Profit”. “Profit” is the only reason and what keeps a business open for those people that didn’t know. If a business can’t stay “Profitable” they shut their doors which means everyone is out of a job and join the unemployed. Remember these important concepts: Want to Hire because Hire = profits/ Not Hiring=Can’t afford it-Bad Business decision…everyone gets screwed. Who really believes Businesses would not pass these increases on to the consumer(us)?
Of Course the headline from the AP is : ”GOP block Democratic tax plans on upper-incomes”
The AP reported:
Senate Republicans blocked legislation Saturday to let upper-income tax cuts expire on Jan. 1, a showdown scripted by Democrats eager to showcase GOP lawmakers as defenders of millionaires.
“Do we want to extend those tax breaks for millionaires and billionaires at a time of huge deficits. I would argue vociferously we shouldn’t,” said Sen. Chuck Schumer, D-N.Y., shortly before the votes.
Republicans countered that no taxes should be raised at a time the economy is recovering from a recession. “It is the most astounding theory I have ever seen, raise taxes to create jobs,” said Sen. John Thune of South Dakota.
Both measures would have extended expiring cuts for the middle class.
Ironically, the votes were widely seen as a prelude to a possible agreement next week between the White House and congressional leaders on legislation that would avert tax increases at all income levels, as Republicans want.
Any agreement is also expected to extend jobless benefits for the long-term unemployed, a Democratic priority, and possibly renew tax breaks the White House wants for college students, companies that hire the unemployed and lower- and middle-class wage earners.
The Senate took the two votes on bills that would have permitted tax cuts to remain in effect at most incomes.
A proposal to let tax rates rise on Jan. 1 on incomes over $200,000 for individuals and $250,000 for couples fell on a vote of 53-36, seven short of the 60 needed to advance.
An alternative advanced by Schumer and others—but opposed by the White House—would have let rates rise on incomes over $1 million. The vote was 53-37, also seven short of the 60 needed.
swenbwr
"
Wiki Docs Show Obama Admin. Used Spying, Threats & Bribes to Get Support for Copenhagen Accord
from Red White Blue News
Wiki Docs Show Obama Admin. Used Spying, Threats & Bribes to Get Support for Copenhagen Accord: "
swenbwr
"
Wiki Docs Show Obama Admin. Used Spying, Threats & Bribes to Get Support for Copenhagen Accord: "
Gateway Pundit reported:
Good grief. The Obama Administration used their Chicago-style street thug tactics to spy on and threaten countries who opposed the Copenhagen global warming junk science accord.
And, here we thought they reserved the use of their Alinsky-style tactics on opponents here at home. Boy, were we wrong.
The Obama Administration spied on, threatened and bribed countries to support the Copenhagen Accord. The accord would have devastated American business and manufacturing.
The Guardian reported:
Embassy dispatches show America used spying, threats and promises of aid to get support for Copenhagen accord
Hidden behind the save-the-world rhetoric of the global climate change negotiations lies the mucky realpolitik: money and threats buy political support; spying and cyberwarfare are used to seek out leverage.
The US diplomatic cables reveal how the US seeks dirt on nations opposed to its approach to tackling global warming; how financial and other aid is used by countries to gain political backing; how distrust, broken promises and creative accounting dog negotiations; and how the US mounted a secret global diplomatic offensive to overwhelm opposition to the controversial “Copenhagen accord”, the unofficial document that emerged from the ruins of the Copenhagen climate change summit in 2009.
Negotiating a climate treaty is a high-stakes game, not just because of the danger warming poses to civilisation but also because re-engineering the global economy to a low-carbon model will see the flow of billions of dollars redirected.
Seeking negotiating chips, the US state department sent a secret cable on 31 July 2009 seeking human intelligence from UN diplomats across a range of issues, including climate change. The request originated with the CIA. As well as countries’ negotiating positions for Copenhagen, diplomats were asked to provide evidence of UN environmental “treaty circumvention” and deals between nations.
But intelligence gathering was not just one way. On 19 June 2009, the state department sent a cable detailing a “spear phishing” attack on the office of the US climate change envoy, Todd Stern, while talks with China on emissions took place in Beijing. Five people received emails, personalised to look as though they came from the National Journal. An attached file contained malicious code that would give complete control of the recipient’s computer to a hacker. While the attack was unsuccessful, the department’s cyber threat analysis division noted: “It is probable intrusion attempts such as this will persist.”
The Beijing talks failed to lead to a global deal at Copenhagen.
It’s a good thing the US media is ignoring this story. It might reflect poorly on the Obama Administration.
They certainly don’t want that to happen.
swenbwr
"
Union Member Advocates for End of Capitalism, Private Property Rights
from USACTION NEWS
Union Member Advocates for End of Capitalism, Private Property Rights: "
Union Member Advocates for End of Capitalism, Private Property Rights: "
Calling for civil unrest and the end to private property rights, Sharon Black of the Baltimore All-Peoples Congress, tried desperately to rouse communists and socialists everywhere at the Workers World Party’s annual conference on November 13th and 14th in New York City.
By Warner Todd Huston at Canada Free Press
EXCERPTS:
“Socialist ideology which reflects the highest level of working class of solidarity” Black said, “which points in the direction of eliminating all exploitation and emancipating humankind has been in retreat since the collapse of the Soviet Union.”
Just who is the Sharon Black person? A union member, naturally. She is (or at least was, I can’t find much current info on her) a shop steward for the United Food and Commercial Workers Union (UFCW), Local #27. She is also a founding member of the All People’s Congress of Baltimore, a left-wing “community group” affiliated with the socialist Workers World Party.
Remember this woman whenever you think abut unions. These anti-American types infest unions from top to bottom.
FULL ARTICLE
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"MSNBC Commentators Hide Their Corporate GE Bosses Fed Bailout
from USACTION NEWS
MSNBC Commentators Hide Their Corporate GE Bosses Fed Bailout: "
Cliff Kincaid is the Editor of the AIM Report and can be reached at cliff.kincaid@aim.org. Cliff Kincaid is a regular contributor to usACTIONnews.com
MSNBC Commentators Hide Their Corporate GE Bosses Fed Bailout: "
The partisan commentators on the GE-owned MSNBC television failed to cover the big financial news of the day—their corporate bosses had tapped the Federal Reserve for $16 billion in bailout money. GE owns the NBC television network and MSNBC and CNBC cable channels.
By Cliff Kincaid | December 3, 2010
The partisan commentators on the GE-owned MSNBC television network continued their class warfare rhetoric against Republicans on Thursday night over “tax cuts for the rich” but failed to cover the big financial news of the day—their corporate bosses had tapped the Federal Reserve for $16 billion in bailout money.
Charles Ortel, managing director of Newport Value Partners, says more bad news for the firm is coming. He does not believe U.S. government policies are addressing vexing structural problems and that, in the persistently tough economic environment, the “intrinsic worth” of GE’s stock is about $2, compared to its high of $60 and current price of $16. Ortel wonders whether the company is so poorly managed that it should be put into conservatorship.
The Fed’s massive GE bailout was a shocker. “Newly released documents from the Federal Reserve Board show that General Electric Co. was a significant user of one of the Fed’s rescue programs in the fall of 2008, even as the blue-ribbon company enjoyed the highest credit rating available at the time,” reported Jeff Gerth at ProPublica. GE owns the NBC television network and MSNBC and CNBC cable channels.
This dramatic development was followed early on Friday by news that the unemployment rate had risen to 9.8 percent.
Seizing on the news about GE, conservative commentator Rush Limbaugh connected the dots: “The CEO of GE is Jeffrey Immelt. Jeffrey Immelt sits on one of Obama’s economic commissions. General Electric has been big in this ‘green’ technology movement and every other week it seems all of GE from NBC to CNBC to MSNBC ‘goes green.’ Now we find out that the [Obama] regime found its way on the General Electric board in a sense.”
Immelt also sits on the board of the New York Federal Reserve Bank.
Could GE’s desperate need for federal help have been a factor in the pro-Obama “green” tilt at its media properties? Could GE’s need for such help have given the Obama Administration leverage over the firm’s cable and television channels, in terms of dictating stories, guests, and other content?
On Thursday night, as many different media outlets were covering the sensational news involving the federal bailout of GE, MSNBC commentators such as Keith Olbermann and Rachel Maddow didn’t want to talk about the federal financial “rescue” of the corporate bosses who pay their salaries and the conflict of interest it presents for themselves. Olbermann was preoccupied with helping the Democrats pass their agenda in the lame duck Congress, while Maddow was anxious to get the Senate to pass legislation allowing open gays in the military.
The GE story, which is just beginning to be understood by the media, involves more than just another federal bailout of a failing company.
Charles Ortel of Newport Value Partners has been warning investors since August 2007 that GE was actually an over-leveraged, poorly administered and over-valued financial institution, undeserving of its Triple A debt ratings and iconic reputation.
On September 16, 2008, Ortel made his first televised appearance with news anchor Pimm Fox on Bloomberg television, laying out the case against GE. He tells AIM, “Our work, done exclusively using publicly available data, showed how challenged GE’s core finance businesses were and how weak the remainder of GE’s ‘industrial’ businesses appeared from a financial standpoint. Then and now we believe GE’s financial business is accounted for using aggressive assumptions, and that this business needs more equity. Then and now, we are struck by the fact that the changing pile of supposed market-leading businesses outside finance is not generating consistent growth in revenues and free cash flows. This appears especially to be the case if one estimates performance inside and outside the U.S. and also excluding growth caused by acquisitions.”
One of his many media appearances on this matter came on Bloomberg radio, where he discussed GE’s “creative accounting.”
Ortel says that the firm is reportedly under investigation by the Securities and Exchange Commission (SEC) “for discrepancies in the bullish cases made by management in various presentations from September 2008 onwards concerning GE’s prospects and implications for investors and pleas for the extra-ordinary government assistance this then-Triple A rated company received.”
As recently as October 15, 2010, Ortel discussed GE’s financial problems on Bloomberg.
Ortel predicts mounting public anger and Congressional scrutiny when it is more widely understood that the firm was securing federal assistance while selling common stock to gullible investors. Some of these investors thought GE was a good buy because legendary investor Warren Buffett had invested in it.
At the time, the MSNBC website carried an AP story proclaiming, “Warren Buffett’s Berkshire Hathaway Inc. is investing $3 billion in General Electric Co., a huge vote of confidence for an iconic American company battered by the financial crisis.”
“My guess is that many of these investors, who paid $ 22.25 per share—a level never remotely seen since, did not fully understand that Warren Buffett supported GE on much richer terms for him than any common investor got,” Ortel told AIM. “Common investors in October 2008 put their money in on October 7 before TARP was approved and before GE shared its estimated third quarter results. In contrast, Buffett funded his purchase of high-yielding senior preferred securities with extraordinarily-highly valued warrants on the 16th of October.”
Ortel says the GE board is at least guilty of dereliction of duty in allowing Jeffrey Immelt, chairman and CEO, and Keith S. Sherin, senior vice president and GE’s chief financial officr, who have presided over GE’s financial implosion, to remain as senior level executives.
He added, “Even if GE’s condition was worse than understood at the time Immelt replaced John F. Welch (on September 7, 2001), these men have garnered tens of millions in compensation while shareholders were crushed, while debt was piled on and while stated and contingent liabilities have soared.”
What’s worse, Ortel goes on, Immelt and other executives appear to have received outsized total compensation packages while severely underfunding the pension system for GE workers and retirees and failing to provide proper visibility into GE’s true financial performance inside the U.S. and in key foreign locations.
Cliff Kincaid is the Editor of the AIM Report and can be reached at cliff.kincaid@aim.org. Cliff Kincaid is a regular contributor to usACTIONnews.com
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"WikiLeaks cables reveal how US manipulated climate accord
from USACTION NEWS
WikiLeaks cables reveal how US manipulated climate accord: "
WikiLeaks cables reveal how US manipulated climate accord: "
US mounted a secret global diplomatic offensive to overwhelm opposition to the controversial “Copenhagen accord“. US diplomatic cables reveal how the US seeks dirt on nations opposed to its approach to tackling global warming; how financial and other aid is used by countries to gain political backing; how distrust, broken promises and creative accounting dog negotiations.
Damian Carrington at guardian.co.uk
EXCERPTS:
Hidden behind the save-the-world rhetoric of the global climate change negotiations lies the mucky realpolitik: money and threats buy political support; spying and cyberwarfare are used to seek out leverage.
Negotiating a climate treaty is a high-stakes game, not just because of the danger warming poses to civilisation but also because re-engineering the global economy to a low-carbon model will see the flow of billions of dollars redirected.
Seeking negotiating chips, the US state department sent a secret cable on 31 July 2009 seeking human intelligence from UN diplomats across a range of issues, including climate change. The request originated with the CIA. As well as countries’ negotiating positions for Copenhagen, diplomats were asked to provide evidence of UN environmental “treaty circumvention” and deals between nations.
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"Global Warming… no Global Cooling… no Global Warming…NO, IT’S COOLING!!
from USACTION NEWS
Global Warming… no Global Cooling… no Global Warming…NO, IT’S COOLING!!: "
Global Warming… no Global Cooling… no Global Warming…NO, IT’S COOLING!!: "
The media has written on the dangers of global warming or cooling for almost a century. Guess what? The sun still rises in the east and sets in the west. The moon still goes through its phases from full-moon to new-moon and back again as always. Since Reid Bryson predicting “a billion people starving in 1974,” the earth’s population has increased by 2.5 billion. So, as you see, amid the steady proclamation of doom by the media, the politicians, and the scientists, life does in fact go on. Unfortunately the gloom and doom prophecies do so as well.
By Doug Bronson at Canada Free Press
EXCERPTS:
Global Cooling:
“The discoveries of changes in the sun’s heat and the southward advance of glaciers in recent years have given rise to conjectures of the possible advent of a new ice age.” Time Magazine, September 10, 1924.
“MacMillan Reports Signs of New Ice Age” The New York Times, September 18, 1923
“The possibility of another Ice age already having started… is admitted by men of first rank in the scientific world, men specifically qualified to speak.” The Los Angeles Times, June 28, 1923
Global Warming:
“Gaffers who claim that winters were harder when they were boys are quite right… weather men have no doubt that the world at least for the time being is growing warmer.” Time Magazine, Jan. 2, 1939
“America in Longest Warm Spell Since 1776; Temperature Line Records a 25-Year Rise” The New York Times, March 27, 1933
“Permafrost in Russia is receding northward up to 100 yards per year.” Time Magazine, 1951
“Winters are getting milder, summers drier. Glaciers are receding, deserts growing.” U.S. News and World Report, Jan. 8, 1954
Global Cooling…. Again?
“Scientists Ponder Why World’s Climate is Changing; A Major Cooling Widely Considered to Be Inevitable” The New York Times, May 21, 1975
“Climatological Cassandras are becoming increasingly apprehensive, for the weather aberrations they are studying may be the harbinger of another Ice Age.” Time Magazine, June 24, 1974
“North Atlantic sea temperatures declined, and shipping routes were cluttered with ice. Furthermore, the permafrost in Russia and Canada was advancing southward.” The New York Times, December 29, 1974
“There is very important climatic change going on right now… It is something that, if it continues, will affect the whole human occupation of the earth—- like a billion people starving. Fortune Magazine, from Reid Bryson, February 1974
Back to Global Warming…..Confused Yet??
“About 10 million residents of Bangladesh will lose their homes and means of sustenance because of the rising sea level, due to global warming, in the next few decades.” Al Gore, from ‘Earth in Balance” 1992
“Billions will die,” says Lovelock, who tells us he is not normally a gloomy type. Human civilization will be reduced to a “broken rabble ruled by brutal warlords”, and the plague-ridden remainder of the species will flee the cracked and broken earth to the Arctic, the last temperate spot, where a few breeding couples will survive. The Daily Telegraph, February 2, 2006
“Scientists no longer doubt that global warming is happening, and almost nobody questions the fact that humans are at least partly responsible.” Time Magazine, April 9, 2001
“Past Hot Times Hold Few Reasons to Relax About New Warming” The New York Times, December 27, 2005
The above facts and dates can be found at: businessandmedia.org
These people are in theory considering blocking out the sun’s rays to cool the earth. They talk about it. It’s discussed in the White House. These people are dangerous, really. Holdren himself has said there could be grave side effects. YOU RECKON??
The amazing thing about all this global warming talk we’re being pounded with is the fact they don’t know, yet daily there is more and more scientific findings that totally debunk their theories. This is all about redistribution of wealth, is there ANY policy anymore which isn’t?
So, now you can see why I’m confused on the whole climate change issue. This is not an inevitable event calling for immediate action by the Holdren’s, the Erhlich’s, the Gore’s, or the Obama’s to save our planet from immediate destruction. It’s just one other way to control people and their lives, as well as redistributing OUR wealth, not theirs!
FULL ARTICLE
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