| It’s almost like he didn’t want this information to get out. (Bloomberg)- U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya. Dexia SA (DEXB), based in Brussels and Paris, borrowed as much as $33.5 billion through its New York branch from the Fed’s “discount window” lending program, according to Fed documents released yesterday in response to a Freedom of Information Act request. Dublin-based Depfa Bank Plc, taken over in 2007 by a German real-estate lender later seized by the German government, drew $24.5 billion. The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks, accounting for at least 70 percent of the $110.7 billion borrowed during the week in October 2008 when use of the program surged to a record. The disclosures may stoke a reexamination of the risks posed to U.S. taxpayers by the central bank’s role in global financial markets. “The caricature of the Fed is that it was shoveling money to big New York banks and a bunch of foreigners, and that is not conducive to its long-run reputation,” said Vincent Reinhart, the Fed’s director of monetary affairs from 2001 to 2007. ************************************************************************** The Staff: After reading the above, how many of you believe you can trust YOUR government any longer? |
Wednesday, April 6, 2011
Reason Bernake Tried to Shield Names of Institutions
Before you vote for Obama again, Read Below and be sure this is the CHANGE YOU WANT
After two years of Obama...Here's your change!
| | January 2009 | TODAY | % chg | Source |
| Avg.. Retail price/gallon gas in U.S. | $1.83 | $3.104 | 69.6% | 1 |
| Crude oil, European Brent (barrel) | $43.48 | $99.02 | 127.7% | 2 |
| Crude oil, West TX Inter. (barrel) | $38.74 | $91.38 | 135.9% | 2 |
| Gold: London (per troy oz.) | $853.25 | $1,369.50 | 60.5% | 2 |
| Corn, No.2 yellow, Central IL | $3.56 | $6.33 | 78.1% | 2 |
| Soybeans, No. 1 yellow, IL | $9.66 | $13.75 | 42.3% | 2 |
| Sugar, cane, raw, world, lb. Fob | $13.37 | $35.39 | 164.7% | 2 |
| Unemployment rate, non-farm, overall | 7.6% | 9.4% | 23.7% | 3 |
| Unemployment rate, blacks | 12.6% | 15.8% | 25.4% | 3 |
| Number of unemployed | 11,616,000 | 14,485,000 | 24.7% | 3 |
| Number of fed. Employees, ex. Military (curr = 12/10 prelim) | 2,779,000 | 2,840,000 | 2.2% | 3 |
| Real median household income (2008 v 2009) | $50,112 | $49,777 | -0.7% | 4 |
| Number of food stamp recipients (curr = 10/10) | 31,983,716 | 43,200,878 | 35.1% | 5 |
| Number of unemployment benefit recipients (curr = 12/10) | 7,526,598 | 9,193,838 | 22.2% | 6 |
| Number of long-term unemployed | 2,600,000 | 6,400,000 | 146.2% | 3 |
| Poverty rate, individuals (2008 v 2009) | 13.2% | 14.3% | 8.3% | 4 |
| People in poverty in U.S. (2008 v 2009) | 39,800,000 | 43,600,000 | 9.5% | 4 |
| U.S.. Rank in Economic Freedom World Rankings | 5 | 9 | n/a | 10 |
| Present Situation Index (curr = 12/10) | 29.9 | 23.5 | -21.4% | 11 |
| Failed banks (curr = 2010 + 2011 to date) | 140 | 164 | 17.1% | 12 |
| U.S.. Dollar versus Japanese yen exchange rate | 89.76 | 82.03 | -8.6% | 2 |
| U.S.. Money supply, M1, in billions (curr = 12/10 prelim) | 1,575.1 | 1,865.7 | 18.4% | 13 |
| U.S.. Money supply, M2, in billions (curr = 12/10 prelim) | 8,310.9 | 8,852.3 | 6.5% | 13 |
| National debt, in trillions | $10..627 | $14..052 | 32.2% | 14 |
Just take this last item: In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history.. Over 27 times as fast. Metaphorically speaking, if you are driving in the right lane doing 65 MPH and a car rockets past you in the left lane. 27 times faster, it would be doing 7,555 MPH!
Sources:
(1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. Of Labor; (7) FHFA; (8) Standard & Poor's/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. The Staff: Thanks to all the readers who provide us with material for the site. As with all material submitted, we leave it up to the readers to decided for themselves if all information is accurate or not.
THIS IS OLD BUT TIMELY SINCE HE IS RUNNING AGAIN
Obama, Mystery man .................
The great mystery.............. Ever wonder why no one ever came forward from President Obama's past saying they Knew him, attended school with him, was his friend, etc. ?? Not one person has ever come Forward from his past. VERY, VERY STRANGE.. This should really be a cause for great concern. To those Who voted for him, you may have elected an unqualified, inexperienced shadow man. Reminds me of The Manchurian Candidate.... Let's face it. As insignificant as we all are .. Someone Whom we went to school with remembers our name or face ... Someone Remembers we were the clown or the dork or the brain or the quiet one or The bully or something about us. George Stephanopoulos of ABC News said the same thing during The 2008 campaign. He questions why no one has acknowledged the President was in their classroom or ate in the same cafeteria or made Impromptu speeches on campus. Stephanopoulos also was a classmate of Obama at Columbia -- the Class of 1984. He says he never had a single class with him. While he is such a great orator, why doesn't anyone in Obama's College class remember him? And, why won't he allow Columbia to release His records? NOBODY REMEMBERS OBAMA AT COLUMBIA ! Looking for evidence of Obama's past, Fox News contacted 400 Columbia University students from the period when Obama claims to have Been there, but none remembered him. Wayne Allyn Root was, like Obama, a political science major at Columbia who also graduated in 1983 In 2008, Root says of Obama, "I Don't know a single person at Columbia that knew him, and they all know Me. I don't have a classmate who ever knew Barack Obama at Columbia. EVER! Nobody recalls him. Root adds that he was also, like Obama, "Class of '83 political science, pre-law" and says, "You don't get more Exact or closer than that." Never met him in my life, don't know anyone Who ever met him. At the class reunion, our 20th reunion five years ago, Who was asked to be the speaker of the class? Me. No one ever heard of Barack! And five years ago, nobody even knew who he was. The guy who writes the class notes, who's kind of the, as we say In New York , the macha who knows everybody, has yet to find a person, a Human who ever met him." Obama's photograph does not appear in the school's yearbook and Obama consistently declines requests to talk about his years at Columbia, Provide school records, or provide the name of any former classmates or Friends while at Columbia . NOTE: Root graduated as Valedictorian from his high school, Thornton-Donovan School , then graduated from Columbia University in 1983As a Political Science major in the same class that Barack Hussein Obama Was supposed to have been in. Some other interesting questions.. Why was Obama's law license inactivated in 2002? Why was Michelle's law license inactivated by Court Order? It is circulating that according to the U.S. Census, there is Only one Barack Obama but 27 Social Security numbers and over 80 aliases. WHAT!! ??? The Social Security number he uses now originated in Connecticut where he Is never reported to have lived. No wonder all his records are sealed! I'm no "birtha", but this sure makes me wonder. Even a democrat must have a question or two. The Staff: Do we want to elect again a person as unqualified as Obama? After all this time he still wants to remake America into something it isn't? Thanks to the person who sent this so it may finally bring the truth forward once and for all. |
Saturday, April 2, 2011
Been Here Before
The Washington Post
The Arctic Ocean is warming up, icebergs are growing scarcer and in some places the seals are finding the water too hot, according to a report to the Commerce Department yesterday from Consulafft, at Bergen, Norway. Reports from fishermen, seal hunters, and explorers all point to a radical change in climate conditions and hitherto unheard-of temperatures in the Arctic zone. Exploration expeditions report that scarcely any ice has been met as far north as 81 degrees 29 minutes. Soundings to a depth of 3,100 meters showed the gulf stream still very warm. Great masses of ice have been replaced by moraines of earth and stones, the report continued, while at many points well known glaciers have entirely disappeared.
Very few seals and no white fish are found in the eastern Arctic, while vast shoals of herring and smelts which have never before ventured so far north, are being encountered in the old seal fishing grounds. Within a few years it is predicted that due to the ice melt the sea will rise and make most coastal cities uninhabitable.
* * * * * * * * *
I apologize, I neglected to mention that this report was from November 2, 1922, as reported by the AP and published in The Washington Post - 88 years ago.
The only true wilderness is between the ears of a Green
The Arctic Ocean is warming up, icebergs are growing scarcer and in some places the seals are finding the water too hot, according to a report to the Commerce Department yesterday from Consulafft, at Bergen, Norway. Reports from fishermen, seal hunters, and explorers all point to a radical change in climate conditions and hitherto unheard-of temperatures in the Arctic zone. Exploration expeditions report that scarcely any ice has been met as far north as 81 degrees 29 minutes. Soundings to a depth of 3,100 meters showed the gulf stream still very warm. Great masses of ice have been replaced by moraines of earth and stones, the report continued, while at many points well known glaciers have entirely disappeared.
Very few seals and no white fish are found in the eastern Arctic, while vast shoals of herring and smelts which have never before ventured so far north, are being encountered in the old seal fishing grounds. Within a few years it is predicted that due to the ice melt the sea will rise and make most coastal cities uninhabitable.
* * * * * * * * *
I apologize, I neglected to mention that this report was from November 2, 1922, as reported by the AP and published in The Washington Post - 88 years ago.
The only true wilderness is between the ears of a Green
The Staff: Whoever sent this in I thank you for your time.
Thursday, March 17, 2011
A Moment of Silence, America Has Died
Where has America gone? At one time there was a country known for freedom, defender of the weak, and champion of the oppressed. That country died a long time ago and we need a moment of silence as no one noticed when it happened.
We watch now as the people of Libya who challenged a dictator for freedom and this once great country stood by as we watched them die while waiting for the world to do something. The world did something, they let them die. Can anyone explain why we waited for the UN while civilians were being bombed or shot because they wanted freedom? Who gave the UN the right to decide who lives and who dies? Forgot, America gave up its right to help those who long for freedom to a bunch of hand wringers. Since the UN was founded has anything gotten better or has it gotten where no one is blamed for anything? Everyone can now take a pass and claim "The UN Must Take Action" as it is world problem. Why should countries like China or Russia be able to tell us who to help and who doesn't get help?
America at one time would not have allowed this to happen but America as we knew her passed away a long time ago. Maybe we should blame the current administration for this as maybe President Reagan would have said enough and told Libya to cease killing civilians or pay the price. Remember he bombed them once for far less and I don't think he would have hesitated to do so again.
Obama has always disappeared during these time so why should we expect anything different. I feel sorry for America as it is now a second rate country and heading toward a third. Can this be turned around, don't know as our elected leaders can't even get our financial house in order.
What this has shown the world and our allies is that Obama can not be counted on and may be a coward. He is afraid to act for the right reasons and reacts for the wrong reasons. Does anyone remember him opening his mouth about how the police reacted? He tends to open his mouth before knowing the facts.
I want to apologize to the people of Libya who wanted freedom for their country and let them know someday we will have a new president. At that time maybe we will have the courage to help. America, England, and France should be ashamed of themselves for letting this happen. At one time these countries would have gone it alone and to the hell with the rest of the gutless countries. Does anyone remember WWII where these powers fought a great evil without asking permission from anyone?
We watch now as the people of Libya who challenged a dictator for freedom and this once great country stood by as we watched them die while waiting for the world to do something. The world did something, they let them die. Can anyone explain why we waited for the UN while civilians were being bombed or shot because they wanted freedom? Who gave the UN the right to decide who lives and who dies? Forgot, America gave up its right to help those who long for freedom to a bunch of hand wringers. Since the UN was founded has anything gotten better or has it gotten where no one is blamed for anything? Everyone can now take a pass and claim "The UN Must Take Action" as it is world problem. Why should countries like China or Russia be able to tell us who to help and who doesn't get help?
America at one time would not have allowed this to happen but America as we knew her passed away a long time ago. Maybe we should blame the current administration for this as maybe President Reagan would have said enough and told Libya to cease killing civilians or pay the price. Remember he bombed them once for far less and I don't think he would have hesitated to do so again.
Obama has always disappeared during these time so why should we expect anything different. I feel sorry for America as it is now a second rate country and heading toward a third. Can this be turned around, don't know as our elected leaders can't even get our financial house in order.
What this has shown the world and our allies is that Obama can not be counted on and may be a coward. He is afraid to act for the right reasons and reacts for the wrong reasons. Does anyone remember him opening his mouth about how the police reacted? He tends to open his mouth before knowing the facts.
I want to apologize to the people of Libya who wanted freedom for their country and let them know someday we will have a new president. At that time maybe we will have the courage to help. America, England, and France should be ashamed of themselves for letting this happen. At one time these countries would have gone it alone and to the hell with the rest of the gutless countries. Does anyone remember WWII where these powers fought a great evil without asking permission from anyone?
Saturday, March 12, 2011
Obamacare - Liars, Accounting Tricks, Hidden Cost
Do any of you remember the former idiot speaker standing up and stating she didn't know what was in the healthcare bill but we would have to pass it to find out? What a moron the democrats followed but not real surprising is it. Has your healthcare bill been reduced since Obamacare passed? Mine hasn't as I just received my new monthly bill and it has increased over $77.00 per month and now I am looking for cheaper insurance as this liar of a president continues to fail as a leader.
Did anyone catch the statement on the hill of the health secretary (I think) where she stated that the savings from cutting Medicare was going to be used for TWO different things? The same money saved is going two places. Wonder how the hell that is possible but we need to remember this is Washington and anything can happen. What liars and deceitful people Obama has brought into the government. It's bad enough the president is a professional liar so I guess we shouldn't be surprised by her lying until she was under oath. I really enjoyed her sweating while having to tell the truth. It must have really hurt her.
Did anyone watch Obama and his lies about oil production and how much oil we have access to in our country?Hell, that's another story for another time. Remember the story about the little boy whose nose got bigger when he lied? Keep watching Obama's ears, as they are growing with each lie.
Did anyone catch the statement on the hill of the health secretary (I think) where she stated that the savings from cutting Medicare was going to be used for TWO different things? The same money saved is going two places. Wonder how the hell that is possible but we need to remember this is Washington and anything can happen. What liars and deceitful people Obama has brought into the government. It's bad enough the president is a professional liar so I guess we shouldn't be surprised by her lying until she was under oath. I really enjoyed her sweating while having to tell the truth. It must have really hurt her.
Did anyone watch Obama and his lies about oil production and how much oil we have access to in our country?Hell, that's another story for another time. Remember the story about the little boy whose nose got bigger when he lied? Keep watching Obama's ears, as they are growing with each lie.
WHO CARES ABOUT FOOTBALL
How many of us would be willing to earn $3.6 million for three years work knowing at the end our profession would no longer exist? Most anyone would take that and smile but not the players union. For years they have screwed over the older players and not helped those who got next to nothing to establish the game that the cry baby's of todays league have.
The face of todays union are players such as Manning, Brees, and Brady and we are to feel sorry for them? Give me a break as these super rich players don't get it. THEY work for the owners and the owners should be able to set the wage scale and benefits offered. If they don't like the offer, they should be able to go elsewhere and the owners should NOT be able to dictate where they go. There is nothing special about them or their union and they should function like other unions.
Real simple, if you don't like your job, go elsewhere and the owners should not be allowed to stop them. If the players sign a contract for 2 years, 3years or whatever, they have to adhere to it. No new contracts can be written during the first contract and if the player slacks off because they want more money, to bad. They will have to wait for the next contract or they can quit playing until the contract they signed expires.
I use to be a fan of baseball as I pitched into college but damaged my elbow. Loved baseball for over 12 years and now, I don't watch. I ceased caring about it when they canceled the world series because of a strike. All the men who play these sports need to remember, baseball, football, and basketball are games and they get paid to PLAY GAMES. If they all went away and we the public started with new players in those sports, we would enjoy them just as much in time. Yes, we would miss some of the players but would find new players to root for.
The players better wake up and understand THEY NEED "WE THE PUBLIC". The public can live without them. All the folks that have business based on sports need to get ready for bad times as the owners and players don't give a damn about you. The greed of both sides will be the death kneel of football as the strike in baseball has caused it to no longer be "Americas Game" as it once was.
The face of todays union are players such as Manning, Brees, and Brady and we are to feel sorry for them? Give me a break as these super rich players don't get it. THEY work for the owners and the owners should be able to set the wage scale and benefits offered. If they don't like the offer, they should be able to go elsewhere and the owners should NOT be able to dictate where they go. There is nothing special about them or their union and they should function like other unions.
Real simple, if you don't like your job, go elsewhere and the owners should not be allowed to stop them. If the players sign a contract for 2 years, 3years or whatever, they have to adhere to it. No new contracts can be written during the first contract and if the player slacks off because they want more money, to bad. They will have to wait for the next contract or they can quit playing until the contract they signed expires.
I use to be a fan of baseball as I pitched into college but damaged my elbow. Loved baseball for over 12 years and now, I don't watch. I ceased caring about it when they canceled the world series because of a strike. All the men who play these sports need to remember, baseball, football, and basketball are games and they get paid to PLAY GAMES. If they all went away and we the public started with new players in those sports, we would enjoy them just as much in time. Yes, we would miss some of the players but would find new players to root for.
The players better wake up and understand THEY NEED "WE THE PUBLIC". The public can live without them. All the folks that have business based on sports need to get ready for bad times as the owners and players don't give a damn about you. The greed of both sides will be the death kneel of football as the strike in baseball has caused it to no longer be "Americas Game" as it once was.
OWNERS & PLAYERS, YOU HAVE TIME TO SETTLE THIS BEFORE
NO ONE CARES.
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