We're Being Set Up For Another War!
We’re Being Set Up For Another War! “The Mexican government had established the border between Mexico and Texas at the Nueces River. Texas, however, set the border at the Rio Grande, giving Texas more land. A dispute over the territory between the rivers would lead to the Mexican-American War. President James K. Polk had sent General Zachary Taylor and 1,500 American troops to the border along the Nueces River. Taylor arrived in July 1845 with his forces, but then was ordered by President Polk to cross into disputed territory. Taylor, with his army, marched to Corpus Christi, and later to north of the Rio Grande. A month later, the Mexicans attacked. Taylor's forces were too much for the Mexicans and drove them back beyond the Rio Grande River. President Polk took advantage of the skirmish and asked Congress for a declaration of war against Mexico. Declaration of war. By then, Polk had received word of the Thornton Affair and added this to the rejection of Slidell as the casus belli. A message to Congress on May 11, 1846, stated that Mexico had "invaded our territory and shed American blood upon the American soil". A joint session of Congress overwhelmingly approved the declaration of war, mostly because Democrats strongly supported the war. 67 Whigs voted against it on a key amendment, but on the final passage only 14 Whigs voted no, including Representative Abraham Lincoln. The United States declared war on Mexico on May 13, 1846, and Mexico declared war on July 7 (sometimes the manifest from President Paredes on May 23 is taken as the declaration of war, but only the congress had that faculty). Whigs in both the North and South generally opposed the war, while Democrats mostly supported it. Whig Abraham Lincoln contested the causes for the war and demanded to know the exact spot on which Thornton had been attacked and U.S. blood had been shed. He was quoted as saying ‘Show me the spot.’” Mexican–American War
http://www.answers.com/topic/mexican-american-war The United States has a long history of fabricating pretexts to invade and expropriate other people’s lands, labor and resources. Every war and “police action” the US has engaged in with the exception of the war of 1812 was based upon ruling elite warmongering, covetousness and deception: the Mexican American war, the US Civil War (a war over who would control the government the Northern financial establishment or the Southern land barons couched in nationalistic, sectional and moral verbiage), the Spanish American War (an explosion in the USS Maine was the rallying cry for a war the elites already wanted), WWI (the sinking of the British ship Lusitania which was carrying armaments bound for England and a few US citizens), WWII (Roosevelt’s deliberate set up of Pear Harbor for attack), Korea (an undeclared war), Vietnam (US supporting imperialist France and the bogus Gulf of Tonkin attack) and both Iraqi wars ( Bu$h The First’s approval of Saddam Hussein’s invasion of Kuwait and Debeyah’s fictitious WMD). Now the Zionist supporting US opinion shaping media is ratcheting up the propaganda for another war, this time with Iran. Just like 1845 when US President Polk deliberately sent US troops into Mexican territory knowing an incident would give him a pretext to press for war because his diplomatic efforts proved unfruitful, the US is using the same ploy by Britain as the excuse to heighten the tensions against Iran. On Friday March 23rd Iranian sailors captured fifteen British sailors and marines in Iranian waters. The UK naturally is saying their sailors were “kidnapped” and are demanding the Iranians release them immediately.
“Of course, for the neocons, these developments are welcome, as they are on a fishing expedition for a pretense, a refashioned Gulf of Tonkin event, and they may as well troll the disputed waters of the Shatt al-Arab in search of it. In fact, the Associated Press more or less admits this is the case, as it reports the United States and Britain ‘have bolstered their presence in the Persian Gulf… to confront an ascendant Iran flexing its muscles throughout the region and developing nuclear technology.’ It should not be considered a coincidence the Brits were ‘kidnapped’ prior to a U.N. Security Council meeting to impose sanctions of Iran for exercising its rights under the Nuclear Non-Proliferation Treaty. ‘The developments coincide with United Nations deliberations over possible sanctions against Iran over its refusal to abandon work on producing enriched uranium needed to build a bomb,’ reports the Scotsman, following the neocon script diligently, as it should be assumed the Iranians will nuke Israel the moment they patch together a crude bomb or two.’” Corporate Media Grooms “Diplomatic Row” Over “Kidnaped” Brit marines
http://kurtnimmo.com Just like in 1845 when Polk sent US troops into Mexico, Bu$h is building up US naval and military presence in the Persian Gulf. Just as the Americans did in 1812 when British sailors violated US territorial waters and shanghaied their sailors, the Iranians have responded aggressively to the violation of their waters. Just like 1812 and1885 Britain and the US are spinning the recent incident in the waters of the Shatt al-Arab as a provocation for military action against Iran. For recent history buffs this is the exact same scenario that occurred last year in Lebanon. Israeli tank corps deliberately crossed into Lebanon and two Israeli soldiers were captured after a brief skirmish with Lebanese forces. The Israelis used this preplanned “incident” as a pretext to invade Lebanon. The arrogant Israelis got their butts kicked and were subsequently forced to withdraw but not before inflicting massive havoc and devastation on the Lebanese infrastructure and population.
The Anglo-AmeriKKKan-Israeli axis of evil are determined to instigate a war with Iran. Regime change throughout the region is the primary goal of the Zionists. This is an arrogantly ambitious bit of imperialism on the part of the Khazar impostors. Rather than doing it themselves the Israelis plan to manipulate their Anglo-AmeriKKKan lapdogs into serving as their surrogates.
“The dramatic similarities between the ‘Clean Break’ scenario and actual Bush II administration Middle East policy are evident not only in the results but also in the sequence of events. Notably, the ‘Clean Break’ report held that removing Saddam was the key to weakening Israel's other enemies; and after removing Saddam in 2003 the United States would indeed quickly threaten Iran and Syria, and talk of restructuring the entire Middle East. Evident, too, is a similarity between actual events and the Yinon proposal of 1982, which also saw regime change in Iraq as a fundamental move in destabilizing Israel's enemies. To reiterate the central point of this essay: the vision of ‘regime change’ in the Middle East through external, militant action originated in Israel, and its sole purpose was to advance the strategic interests of Israel. It had nothing to do with bringing ‘democracy’ to Muslims. It had nothing to do with any terrorist threat to the United States. Those latter arguments accreted to the idea of regime change as the primary military actor changed from Israel to the United States. But the Israeli government would continue to be a fundamental supporter of the regional military action, even as the ostensible justifications for action changed. The Sharon government advocated the American attacks on Iraq and has preached the necessity of strikes on Iran.” The Israeli origins of Bush II's war By STEPHEN J. SNIEGOSKI
http://www.thornwalker.com/ditch/snieg_isrorgs.htm We are being set up for war again, just like AmeriKKKa was in 1845, 1898, 1917, 1941, 1990 and 2003. Someone once said, “those who fail to learn the lessons of history are doomed to repeat them.”. Another relevant axiom is “ the best predictor of current and future behavior is past behavior.” Europeans love war, pillage, plunder and rapine. Their history is replete with examples of their warmongering. Violence is the main entertainment theme in modern AmeriKKKa. AmeriKKKa is the most violent nation on the planet. So we shouldn’t be surprised they are warmongers. Look at the past, discern the patterns, then project the various scenarios. The only way another war will be prevented is if the AmeriKKKan people mobilize en mass to prevent it. If the historical pattern holds that won’t happen.
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BAEo Promotes Black Parental Educational Choice
BAEO Promotes Parental Educational Choice The Black Alliance for Educational Options a grassroots nation wide nonprofit, nonpartisan membership organization whose purpose is to empower families and fight for quality education options for black children held its seventh annual symposium at the downtown Marriott from Thursday through Saturday. BAEO was founded in 1999 after a meeting in Milwaukee Wisconsin on educational options for African-Americans which was held at Marquette University. Since then BAEO has expanded and as become one of the most prominent advocates for the full spectrum of educational options for black children, public, private as well as home schooling. This year’s annual meeting featured workshops on how to build coalitions, grass roots organization and mobilization, how to raise money, managing quality schools and the political implications of parental choice. BAEO is for quality education and the parents’ right to fight for and have the best education for their child by expanding the options and opportunities regardless of income. BAEO’s primary focus is on low income and working class African-Americans. They in turn educate their constituents to empower them to battle for the best education available for their children. In recent years BAEO has partnered with the Gates Foundation to start small quality high schools in poorly served urban areas. This is the second year in a row BAEO has chosen Philadelphia as the site of their annual symposium.
Dr. Howard Fuller Ph.D. is the Chairman of the Board of Directors. Dr. Fuller is a former Dean of General Education at the Milwaukee Area Technical College and a former Director of the Milwaukee County Department of health and Human Services. Dr. Fuller was happy to have the BAEO symposium return to Philadelphia for the second year in a row. “This is actually our third conference this is our second in a row. It is because of the support of State Representative Dwight Evans that we were able to get the resources that were necessary. Philadelphia is also the place where we have one of our strongest chapters. And clearly Philadelphia is a place where there are a variety of options for parents so for all of those reason it’s a great place to come to for us.” Explained Dr. Fuller. For Fuller and BAEO one of their biggest challenges is to support quality education in all its forms and to provide a framework whereby parents particularly low income and working class folks can have access to quality education. “The reality of it is as an organization we are working to try to get options in places where they currently do not exist. And while many of our parents, their kids and their relatives are concerned, the fact of the matter is that most of the political leadership of black people opposes the things that we stand for. We are misinterpreted as being people who are opposed to public schools and public education, which to me are different, public schools and public education are two different things. But we are not opposed to either. We simply believe that low income and working class parents ought to have the same ability to choose as those of us with money. And if the parents choose to be in a public school system, a traditional public school system that’s fine. But we think they ought to be able to choose a charter school, they ought to be able to choose a private school or engage in home schooling, and we support all of these options. The reality of it is for poor and working class people unless there is government support for them making those choices they are not going to be able to do it. So in the same way that the government provides a Pel Grant which allows people to access religious higher education or nonreligious higher education, we think the same thing should exist at the elementary and secondary level.”
As a national organization, BAEO has its detractors many who charge they are undermining public education. Dr. Fuller reiterates BAEO advocates for parental empowerment. “As an organization we are working right now in Missouri, Louisiana, Pennsylvania, Ohio, Florida, Wisconsin, Texas and in D.C. These are places that either have parental choice programs or we have the potential to create new programs. And then of course we are also supporting Charter Schools because the states that I mention are places where we are either fighting for a tax credit program or a voucher program and other states already have charter schools and so in some places we are fighting to improve the charter school law or protecting the charter school law.”
One of the things that makes BAEO so unique is that it is an inter-generational organization. They actively recruit and encourage the participation of young people. “We have a strand for high school students and there are a growing number of high school students coming to our conferences. We decided a long time ago that our organization would be inter-generational. Our view is that for high school students you have to incorporate them, they do the introductions in our meetings they have their own workshops and they are in workshops we all come to. We have a Baily-Sullivan leadership institute where we train the next generation of leaders.” Addison Small-Bradley 16, is currently a student at Parkway Northwest in Philadelphia he is on the national BAEO board. He attended a BAEO school and was chosen to represent the school at the BAEO Symposium in Detroit in 2005. Since then he has remained actively involved with BAEO. “It feels like I am helping the cause. I feel I have an advantage because even at my young age I’m able to help older people help us. I feel that they respect me as one of them and they treat me as an equal and I have an equal chance as one of them to help the cause. The fight is not going to end after they’re gone, I’m going to have to keep it going and the next generation is going to have to keep it going. We have to unite and work together.” As active as young Mr. Small-Bradley is, he feels he is the exception to the rule. Many of his peers are apathetic and unconcerned. “It’s difficult (to get his peers involved) because they say, ‘Why should I do it, I’m almost done school, how is it going to help me?’ It’s a selfish attitude that some people have.” His goal is to convince his peers to see beyond and step outside of themselves. “My goal is to change people’s minds to try to get them to think beyond them to think about their little brothers and sisters and think about the future. That’s an issue that a lot of us have.” He plans to attend college and major in electrical engineering and minor in business.
This year’s symposium was the largest in BAEO’s history more than 1,000 registrants which greatly pleased Dr. Fuller. “It’s been great. I want to feel that way but we have an objective measurement. Everyone who comes to the symposium is asked to grade and evaluate each session, we then go through and grade it in the aggravate. We are very data driven. The people who get the highest rating we’ll bring them back but we also like to do new things each year.” Dr. Fuller enjoys coming to Philadelphia and he is hopeful the BAEO symposium will return in the not too distant future. For more information about BAEO go to www.baeo.org
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War Weary AmeriKKKa Marks Forth Anniversary of Iraq Invasion
War Weary AmeriKKKa Marks Forth Anniversary of Iraq Invasion “Four years after the invasion of Iraq, the high and growing demand for U.S. troops there and in Afghanistan has left ground forces in the United States short of the training, personnel and equipment that would be vital to fight a major ground conflict elsewhere, senior U.S. military and government officials acknowledge. More troubling, the officials say, is that it will take years for the Army and Marine Corps to recover from what some officials privately have called a ‘death spiral,’ in which the ever more rapid pace of war-zone rotations has consumed 40 percent of their total gear, wearied troops and left no time to train to fight anything other than the insurgencies now at hand.” Military Is Ill-Prepared For Other Conflicts By Ann Scott Tyson Washington Post Staff Writer Monday, March 19, 2007 http://www.washingtonpost.com/wp-dyn/content/article/2007/03/18/AR2007031801534.html
Even the Washington Post one of the biggest and loudest shills for the NeoCrazies’ push for invasion and rapine of Iraq is now forced to face the fact the invasion and occupation are taking a heavy toll on AmeriKKKan imperial ambitions. Their concern is not the loss of life or the immorality of a war based upon lies. Their main objective is beating the drums and cheer leading for more war more, more death, more fiscal waste and fraud. Corporate opinion molding outlets like the Washington Post, The New York and LA Times and ideological cannons like The Weekly Standard don't care about the loss of innocent life of Muslims Arabs, US troops or the damage this insanity is causing at home and to what’s left of AmeriKKKa’s reputation. Imperialist warmongers in the US, England and Tel Aviv are now beating their drums for more war at a time when even according to the Washington Post the US military is hard pressed to keep the empire afloat.
“Under current Army and Marine Corps plans, it will take two to three years after the Iraq war ends and about $17 billion a year to restore their equipment levels. It will take five years and at least $75 billion for the Army to increase its active-duty ranks to 547,000 soldiers, up from the current 509,000, and for the Marine Corps to increase its numbers to 202,000, up from 180,000. Boots on the ground matter," the senior Army officer said. ‘If they are tied down, your ability to terminate a conflict on your terms, earlier, may not be there.’” http://www.washingtonpost.com/wp-dyn/content/article/2007
The problem for Joe and Jane Sixpack and the rest of a war weary citizenry is, the Iraq and Afghanistan wars are not going to end anytime soon, despite verbiage coming from Democoward presidential hopefuls. For the military industrial complex, these wars are a boondoggle beyond their wildest dreams. Keep in mind that as a presidential candidate George W Bu$h called for an increase in military spending and war preparation at a time when things were relatively quiet. He and his handlers knew the US was going to war in the not too distant future one way or another! 9-11 proved to be their spring board into a fanatical crusade for oil and US dollar hegemony. Never mind that to most astute observers 9-11 appears to have been an inside job or at the very least it was allowed to happen on purpose. Why do I say that? Because the psychopathic NeoCons needed an excuse to foment war. War means huge profits for the international bankers who lend money to cash strapped debtor countries like the United States so they can fund their illegal wars. War means huge profits for the defense contractors, military supply and support companies. The NeoCons at the behest of the Israeli lobby have also set their sights in Iran with Syria in the background. Perpetual war is their ongoing agenda. They make no bones about it, this war is an trans-generational endeavor.
The non Beltway crowd however take a different view. Over the weekend thousands of AmeriKKKans demonstrated against the war with many demanding not only a swift resolution and return of US troops home, but also the impeachment of the Bu$h-Cheney cabal for taking the nation to war for oil, US dollar hegemony and Israel. While the modern anti-war movement is relatively benign, anti-war sentiment is huge. This sentiment was reflected in the 2006 mid term elections. The results of that election were in fact a referendum on the war and scandal plagued Bu$h administration. The war, Hurricane Katrina and the mounting political scandals did the Republicans in. Voters turned the Republican rascals out and voted for Democrat hoping they would end the war and bring the troops home. Public opinion polls now reflect the opposition of the vast majority of AmeriKKKans to the war. Even the majority of the military are now saying invading Iraq was a mistake.
“Only 35 percent of the military members polled this year said they approve of the way President Bush is handling the war, while 42 percent said they disapproved. The president’s approval rating among the military is only slightly higher than for the population as a whole. In 2004, when his popularity peaked, 63 percent of the military approved of Bush’s handling of the war. While approval of the president’s war leadership has slumped, his overall approval remains high among the military. Just as telling, in this year’s poll only 41 percent of the military said the U.S. should have gone to war in Iraq in the first place, down from 65 percent in 2003. That closely reflects the beliefs of the general population today — 45 percent agreed in a recent USA Today/Gallup poll. While approval of Bush’s handling of the war has plunged, approval for his overall performance as president remains high at 52 percent. While that is down from his high of 71 percent in 2004, it is still far above the approval ratings of the general population, where that number has fallen into the 30s. Down on the war Poll: More troops unhappy with Bush’s course in Iraq Published: Dec. 29, 2006 http://www.militarycity.com/polls/2006_main.php
Don’t get giddy about these poll results. If we use the past as a guide, the Bu$hites will use the manpower, equipment and supply problems facing the US military as an excuse to funnel billions of additional dollars to their friends who operate the war machine.
“President Bush said Sunday that the 4,600 additional troops he is sending to Iraq above an increase announced in January are slated for support roles only, and urged Congress to approve funding for the war ‘without any strings attached.’ Mr. Bush said in January after an extensive review that 21,500 additional American soldiers would be sent to Iraq to help calm Baghdad and the troubled Anbar Province... President Bush asked Congress on Friday for $3.2 billion to pay for the new Iraq troops, as well as for 3,500 new U.S. troops to expand training of local police and army units in Afghanistan. This revision came as lawmakers opposed to the war have been debating the $93.4 billion in additional defense money he's already requested to finance this year's war operations in Iraq and Afghanistan.” http://www.cbsnews.com/stories/2007/03/11/politics/main2556723
In addition to war materials the warmongers will be forced to employ even more mercenaries to do their dirty work. (This is a sure sign of a failing empire when the citizens of the nation are too fat or too apathetic to even join the military to support their empire.) The Bu$h cabal dare not institute a military draft now, both the war and Bu$h are too unpopular.
When you stop and think about this, it’s a huge Confidence game. It’s a scam. It’s what con artists call the “long con” where the mark or the suckers (the US citizens) are strung along and duped out of increasing amounts of money and valuables. The suckers get fleeced for more money than during a quick and easy snatch con. In this case the losses will include more lives, more suffering and more money.
Tuesday marks the fifth anniversary of the US invasion of Iraq. The occupation doesn’t look like it will end any time soon. The Democowards lack the will, the guts or a plan to defy the ruling elites or their bagmen and prostitutes. So the war will continue. The only way the war will end is if the AmeriKKKan public takes drastic action to end it. The only way to end it is through economic action coupled with grassroots activism. The war can only be ended through massive consumer boycotts, massive civil disobedience and economic divestment strategies aimed at disrupting business as usual for the warmongers and their war machine.
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Hard Times Are Coming
Hard Times Are Coming “We are the American generation that only promises massive debt to those who will follow. Diane Lim Rogers from the Brookings Institution calls this ‘a birth tax’ -- a stark, absolute tax that cannot be repealed yet is imposed on every American newborn. The nation's comptroller general, David Walker, who heads the U.S. General Accountability Office, said it's important for every citizen to know that the country's finances are ‘worse than advertised.’ The problem, he says, is that we've gone from $20 trillion in liabilities and unfunded commitments for things such as Social Security and Medicare in 2000 to $50 trillion in 2006. ‘That's $435,000 per American household. The median household income in the United States is $36,000 -- that's a 9-to-1 debt-to-income ratio and it's going up every second,’ he said. ‘We're spending more than we make and we're charging it to our credit card.’” Wake up, America! We've got to pay our bills By MARK TRAHANT P-I EDITORIAL PAGE EDITOR http://seattlepi.nwsource.com/opinion/294391_trahant03.html
It’s not just the housing, auto, airline and mortgage industries that are in dire straights, it’s the whole AmeriKKKan economy. AmeriKKKa’s debt problems especially the looming US entitlement programs that are set to trigger a massive tsunami of increased red ink that will swamp the country in the not too distant future if something drastic isn’t done soon. Things are so bad David Walker the US Comptroller General who heads the US Government Accountability Office is on a nationwide speaking campaign dubbed the Fiscal Wake Up Tour to tell citizens the US is on a doomsday coarse with fiscal insolvency. This is no Chicken Little “The Sky is Falling” scenario. Walker’s alarm is based upon bottom line accounting procedures and real facts. Unlike his counterparts in the US Congress or the privately owned Federal Reserve banking system, Walker appears to be a man of integrity, he wants US citizens to know the truth!! And in this case the truth is scary. Go to the GAO Website http://www.gao.gov/special.pubs/longterm/challenge.html and click on any link. You will see information and a perspective you won’t get from the corporate mind control apparatus or our compromised Congress critters.
Unlike Arthur Anderson and similar accounting firms, the GAO doesn’t cook the books nor do they keep separate accounting ledgers. They tell it like it is. Their bottom line is relatively accurate and the truth is not pleasant.
“Over the next few decades, the nation’s fiscal outlook will be shaped largely by demographics and health care costs. As the baby boom generation retires, federal spending on retirement and health programs—Social Security, Medicare, and Medicaid—will grow dramatically. A range of other federal fiscal commitments, some explicit and some representing implicit public expectations, also bind the nation’s fiscal future. Absent policy change, a growing imbalance between expected federal spending and tax revenues will mean escalating and ultimately unsustainable federal deficits and debt.” Our Nation's Fiscal Outlook: The Federal Government's Long-Term Budget Imbalance GAO
This report focuses primarily on Social Security, Medicare and Medicaid commitments and their lack of adequate funding to meet the future demographic realities and obligations in the coming years. Keep in mind this doesn’t even address the daily two to three billion dollar debt the US government incurs just to pay its’ bills (including interest to the bankers whose loans keep the government afloat), wage perpetual war and waste billions in Corporate Welfare and fraud for the rich!
Walker and the people traveling with him are trying to wake the people up, they are attempting to let us know what is really happening. Unfortunately the mass media cares more about Anna Nicole Smith or some other foolishness than the state of the government’s finances. Walker to his credit, is sounding an alarm.
“I would argue that the most serious threat to the United States is not someone hiding in a cave in Afghanistan or Pakistan but our own fiscal irresponsibility. I’m going to show you some numbers…they’re all big and they’re all bad. You know the American people, I tell you, we’ve been to 13 cities outside of Washington with the fiscal wake up tour. They are absolutely starved for two things: the truth, and leadership. The first baby boomer will reach 62 and be eligible for early retirement of Social Security January 1, 2008. They’ll be eligible for Medicare just three years later. And when those boomers start retiring in mass, then that will be a tsunami of spending that could swamp our ship of state if we don’t get serious. What’s going on right now is we’re spending more money than we make…we’re charging it to credit card…and expecting our grandchildren to pay for it. And that’s absolutely outrageous. We've gone from surpluses to huge deficits and our long range situation is much worse. If nothing changes, the federal government's not gonna be able to do much more than pay interest on the mounting debt and some entitlement benefits. It won't have money left for anything else – national defense, homeland security, education, you name it.” David Walker - Wake Up America http://www.stockhouse.com/blogs.asp?
Walker’s projections augur dismal times and very difficult decisions will have to be made to stave off a financial collapse down the road. But most folks don’t have any incentive to think about what is going to happen in 2020 or 2030. Nevertheless, if these issues are not confronted those of us who are still around in 2020 9and our children and grandchildren) will face major problems funding government entitlement programs like Social Security, Medicare and Medicaid. “
Today, Social Security taxes are running ahead of benefits by about $70 billion. But by 2009, the annual excess will start to fall and by 2017 there won't be any excesses at all. From then on, widening deficits are projected for as far as the eye can see. At first, the gap between promised benefits and dedicated revenues will be relatively small -- $9 billion in 2017 -- but it will grow very quickly as those who were born in the peak of the baby boom begin to retire in large numbers during the 2020s. The Social Security Trustees project that the annual shortfall will grow to $256 billion by 2030 in inflation adjusted dollars and that the program's cost will grow from roughly 4.3 percent of the nation's gross domestic product (GDP) today to 6.1 percent in 2030. While seemingly a small increase, it means Social Security will draw nearly half as much more out of the economy in 2030 as it does today. Expressed as a share of workers' pay (taxable payroll), Social Security will grow from about 11 percent today to nearly 17 percent in 2030. This means the Social Security program will require 50 percent more from workers' wages as it does today.” Keep in mind much of this problem has been acerbated by the US government “raiding” the Social Security Trust Fund of billions of dollars to fund its operation! The excess Social Security funds not used to fund current liabilities and obligations are “invested” in US Treasury notes. Supposedly these investments earn interest. However one economist offers his take on what is really happening.
“The Social Security Trust Fund currently claims to hold assets of $1.6 trillion. What do these assets consist of? Nothing more than IOU's from the U.S. Treasury. Of the $7.4 trillion in gross federal debt outstanding at the end of the last fiscal year, $1.6 trillion represented money that the federal government (in the form of the U.S. Treasury) owes to itself (in the form of the Social Security Trust Fund). Considered as a single fiscal entity, the federal government has no net assets whatsoever that have been set aside to provide Social Security payments to future beneficiaries. Rather, the federal government owes a vast sum that needs to be paid in the future even if it never delivers a dime to the retiring baby boomers. The trust fund amounts to nothing more than an accounting fiction that the dollars currently collected from Social Security contributions are a different color from the dollars collected from income taxes.” Concerns about the latest Social Security proposal http://www.econbrowser.com/archives/2005/06/concerns_about.html
This is just one problem the US government is facing. The GAO also audits each department and publishes reports on their operations. I suggest you log onto their Website and peruse the various issues and reports they post. Take for example their audit of waste and fraud during Katrina or the ongoing debacle in Iraq. The GAO documents the mismanagement of our tax dollars. Speaking of tax dollars, George W. Bu$h’s tax cuts for the rich were nothing but a resurrection of Ronald Reagan’s failed Voodo Economics which resulted in Clinton having to raise taxes to forestall an economic meltdown. Well that meltdown is coming and David Walker and several other folks are going around the country trying to educate the public about it. But the entitlement meltdown will start around 2019. There is a current crisis that may sink the economy that is unraveling now right before our very noses. It’s the housing and mortgage burst that is sending ominous ripples across the world.
“Mortgages requiring little or no documentation became known colloquially as liar loans.’ An April 2006 report by the Mortgage Asset Research Institute, a consulting concern in Reston, Va., analyzed 100 loans in which the borrowers merely stated their incomes, and then looked at documents those borrowers had filed with the I.R.S. The resulting differences were significant: in 90 percent of loans, borrowers overstated their incomes 5 percent or more. But in almost 60 percent of cases, borrowers inflated their incomes by more than half. A Deutsche Bank report said liar loans accounted for 40 percent of the subprime mortgage issuance last year, up from 25 percent in 2001. Securities backed by home mortgages have been traded since the 1970s, but it has been only since 2002 or so that investors, including pension funds, insurance companies, hedge funds and other institutions, have shown such an appetite for them. Wall Street, of course, was happy to help refashion mortgages from arcane and illiquid securities into ubiquitous and frequently traded ones. Its reward is that it now dominates the market. While commercial banks and savings banks had long been the biggest lenders to home buyers, by 2006, Wall Street had a commanding share — 60 percent — of the mortgage financing market, Federal Reserve data show losses. The big firms in the business are Lehman Brothers, Bear Stearns, Merrill Lynch, Morgan Stanley, Deutsche Bank and UBS. They buy mortgages from issuers, put thousands of them into pools to spread out the risks and then divide them into slices, known as tranches, based on quality. Then they sell them... Wall Street became so enamored of the profits in mortgages that it began to expand its reach, buying companies that make loans to consumers to supplement its packaging and sales operations. In August 2006, Morgan Stanley bought Saxon, a $6.5 billion subprime mortgage underwriter, for $706 million.And last September, Merrill Lynch paid $1.3 billion to buy First Franklin Financial, a home lender in San Jose, Calif. At the time, Merrill said it expected First Franklin to add to its earnings in 2007. Now analysts expect Merrill to take a large loss on the purchase. Indeed, on Feb. 28, as the first fiscal quarter ended for many big investment banks, Wall Street buzzed with speculation that the firms had slashed the value of their numerous mortgage holdings, recording significant losses” Crisis Looms in Market for Mortgages new York Times March 11, 2007 http://www.nytimes.com/2007/03/11/business/11mortgage.html?
What can we do to stop from going over the cliff? Personally each of us must begin to get out of debt. While that may be easier said then done, we must make a serious effort. Start crafting a strategy that will significantly cut into your debt, eliminate your high interest credit cards and cease conspicuous consumption!!! Stop going for the okey-doke. The ruling elites want to make us all wage/debt peons. Don’t co-operate in your own debauchery and enslavement! There are agencies both non profit and for profit that can assist you in getting out of debt. Look them up but make sure you do your homework. There are a lot of snake oil salesmen and con artists out there. Start thinking of ways you can save money, AmeriKKKans have minus savings as a nation. We need to promote savings and responsible handling of our finances. Lastly think for yourself. Don’t buy into the gloom ad doom or th e media hype.
Self-determination and empowerment are achievable, but it takes courage and perseverance! We don’t have to go out like paupers, beggars and indigents. We can survive the coming hard times in AmeriKKKa. Better yet, if you can handle your business so you avoid them altogether.
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Something Fishy Is Going On
Something Fishy Is Going On “The original purpose of the Plunge Protection Team was to prevent another 1987-type ‘Black Monday’ stock market crash. This seems like a reasonable way to address the prospect of a major economic collapse following a terrorist attack or a natural disaster. However, the systemic weakness in the market and the great uncertainty surrounding hedge funds and derivatives suggests that the PPL is probably being used to stabilize an over-leveraged and thoroughly debauched system. If that’s the case, then we need to know whether the PPT really operates in the public interest or if it is just a stopgap for big business to avoid a painful retrenchment?” Juicing the Stock Market The Secret Maneuverings of the Plunge Protection Team by Mike Whitney www.dissidentvoice.org March 4, 2007
Black folks generally don’t pay much attention to the stock market, the financial pages or the overall condition of the US or global economies. We have been brainwashed and conditioned to think this is White folks’ business or biness as we say. Since we’re not in the loop we are not aware how the system really works. Nor do we show much interest in what’s going within a global economic system that is ripping Africans off world wide and exploiting us around the globe. But this is all the more reason we should be up on what’s happening. Now I don’t pretend to be an economist by any means, but surely we ought to be paying attention to what is going on. If for no other reason that we don’t have a working alternative to a ruthless and predatory system that impacts the quality of our lives and the lives of our loved ones on a daily basis. One reason most of us don’t bother to read the financial section is because there are too many conflicting notions of what is happening, doublespeak, jargon and gobbledygook. Very rarely to they speak in plan simple terms. I suspect this is by design. This is so the vast majority of us black and white who are not actively involved in the stock market, bonds, investments or mutual funds will be unable to discern what is really going on! All we know about these things is what we see and hear on the television which as Chuck D says is merely “telling lies to our vision.” Here is a sample of the type of gobbledygook one routinely reads in the financial pages.
“In Chairman Ben Bernanke’s semiannual monetary policy report on February 15 he outlined several reasons for the FED not to increase or to decrease the interest rate in the near-term. First, the U.S. economy is showing potential for consistent expansion at a moderate pace over the next year, with growth strengthening, imports increasing, and the housing market becoming less of a burden. Second, the core inflationary pressures are showing signs of decreasing. The primary reason for the decline was the drop in the price of crude oil toward the end of last year, which has led to lower prices for fuel at the pump, inputs for producers, and – thus - final products that you buy at the store. Therefore, since the economic growth is continuing at a moderate pace and inflation abating, the need to increase interest rates does not appear to be there.” http://www.gocurrency.com/forex-news/
What world do these people live in? What are they talking about when they say the US economy is “showing potential for consistent expansion... and the housing market has become less of a burden.” ? The last time I checked unemployment was rampant in the black community. Hasn’t anyone informed these “experts” US manufacturing jobs are way down, new housing construction has slowed to a standstill, mortgage defaults and foreclosures are at an all time high and mortgage companies that specialize in making loans to folks with shaky credit are going belly up on a daily basis?! The “experts” at least the mass media ones lie like a worn out rug. Things do not look good in AmeriKKKa but only a few are willing to tell us the truth.
During the last week in February the US stock market took a huge dive. The Asian markets also shuddered and lost significant ground. Given the precarious situation in AmeriKKKa: the mountains of personal and government debt, the abysmal savings rate and a central bank with the inflation throttle open all the way, the shock waves of four days in February when the US stock market took major dives should have set off major alarm bells. But almost miraculously the markets “righted” themselves and a disastrous ripple failed to materialize. The setback in Asia and the tremors in the US market didn’t result in a global economic tsunami. Was that the work of natural “market forces” or was a hidden hand involved? Knowing the white man as I do I suspect it was the latter. In fact so do many market watchers. An official mechanism for market manipulation has been in place for years. It’s called the
President’s Working Group on Financial Markets. It’s other name is the
Plunge Protection Team. Here is what Wikipedia has to say about it,
“Plunge Protection Team, was originally the headline for an article in The Washington Post by staff writer Brett D. Fromson, published on Sunday, February 23, 1997. He did not invent the term. It was added later by a copy desk editor as a sensational nickname for the subject of the article, the President's Working Group on Financial Markets in the United States. It includes the Secretary of the Treasury, the Chairman of the Federal Reserve, the Chairman of the Securities and Exchange Commission and the chairman of the Commodity Futures Trading Commission. Founded in 1988 after the 1987 stock market crash, it theoretically ensures the stability of the financial markets, prevents liquidity problems, and ensures that stock market hiccups do not cause bank runs. Some Wall Street bears believe that it buys stock index futures or uses other methods to help keep the American stock markets afloat. Upon that suspicion, Plunge Protection Team or PPT for short, has become a catch phrase among those who warn about the danger of monetary inflation being used as a tool to more or less directly support stock market prices. The term, Plunge Protection Team, has also been used to include high ranking private bank officials. Private bank risks have increased with growth in the use of derivatives. Trying to prevent a sudden drop in stock prices might be a way to alleviate some of those risks without cutting back on the derivative contract sales that certain banks make a large percentage of income from. So they, especially those banks associated with the Counterparty Risk Management Policy Group of 1999 and the more recent CRMPG II, have also been suspected of conspiring as part of a broader PPT. Please see the article on derivatives for further explanation.” http://en.wikipedia.org/wiki/Plunge_Protection_Team
That’s a pretty straightforward explanation. What it means is, there is a special insider group formed by an executive order by a US president that has massive funds at its disposal to use as it sees fit to prevent panic runs on banks and stocks. While that may be a good thing, it also has its detractors. Many suspect this group or groups like it (including major private international bankers) manipulate the market whenever they want not just to head off a sudden downturn. “
The pre-911 U.S. markets showed an astounding - yet confounding and puzzling - rise for the 4 months proceeding 911. The U.S. media dubbed it a ‘patriotic rally’. The European Press called it a ‘PPT [Plunge Protection Team] rally’. Obviously, the U.S. markets were manipulated and rigged to an inflated value in advance of the 911 disaster. Was this a coordinated measure in anticipation of what was to come? Only The Powers That Be can answer that question directly. Since 911, there have been at least three major long-term stock market rallies. In all 3 instances, when the markets opened all the indexes began to quickly plunge. In each incidence, by early afternoon the markets were brought back from the brink of collapse to the surprise of everyone, including historical analysts. An event that should have sent markets spiraling downward was the Enron, et al, unprecedented corporate accounting scandals. Yet despite this, an unprecedented accross-the-board markets rally began on July 24, 2002. Once again, the European Press called it a ‘PPT rally’.” Secrets Of The Plunge Protection Team The Four Derivative US Dictators By Michael Edward http://www.rense.com/general52/secretsoftheplunge.htm
The stock market is a giant Ponzi scheme that can be easily manipulated by massive buying or selling. Rich white boys do it all the time, coupled with insider trading. Lately I’ve been doing some research learning about Hedge Funds and derivatives which make up a significant portion of the new economic system. These items are just as shaky and tricky. It can be confusing because when you couple all that with what the US Federal Reserve Bank does: set credit and interest policies, create worthless money out of thin air and charge the US Treasury (US taxpayers) to do it and they charge interest for the US (us) to use this money, you have the makings of a fragile house of cards that could get blown away by a feeble wind.
Keep in mind the US government as we know it is broke, just like many of us! And the rest of the world knows it! Our conspicuous consumption and threats of military action are all that stand between AmeriKKKa being a wobbly imperial power or a third rate also ran. Given how the Iraqis, Afghans and humble folks in Columbia have stymied and flummoxed the US military and the precarious shape of the US dollar/economy, the days of US imperial domination appear numbered. How can I say that? Because the US government borrows over two billion dollars a day just to keep the lights on, pay salaries, pay its’ bills, do the corporate welfare thing and wage war. What would happen if the US citizens rose up and abolished the Fed or forced it to stop printing worthless monopoly money? What would happen if private bankers and foreign governments stopped lending the US money or buying its’ T Bills and notes? What would happen if the rest of the countries in the world suddenly stopped accepting US dollars as payment for stuff? I wonder what the talking heads the media dubs financial experts would say if someone asked them these questions?
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More Money More War and More Waste
More Money, More War and More Waste “President Bush asked Congress on Saturday for $3.2 billion to pay for 8,200 more U.S. troops needed in Afghanistan and Iraq on top of the 21,500-troop buildup he announced in January. Bush wants Congress to fund 3,500 new U.S. troops to expand training of local police and army units in Afghanistan. The money also would pay for the estimated 3,500 existing U.S. troops he already announced would be staying longer in the region to counter an anticipated Taliban offensive in Afghanistan this spring. In Iraq, most of the additional troops would help with the latest Baghdad security plan, which is getting under way in the capital. The money would pay for 2,400 combat support troops, 2,200 military police forces and 129 troops for reconstruction teams. The budget revisions come as many lawmakers opposed to the buildup in Iraq are debating funding for the war. But in a letter to House Speaker Nancy Pelosi, Bush proposed canceling $3.2 billion in low-priority defense items to offset the extra money needed to support the additional troops.” Bush wants more troops Written by The Associated Press
Sunday, 11 March 2007
http://www.capitolhillblue.com/cm/content/view/211/159/ The US corporate media casually reported the other day George W Bu$h is requesting additional troops and more money to keep the AmeriKKKan empire’s war machine whirling in Iraq and Afghanistan. Bu$h claims the men and money are needed to help turn the tide in Iraq and Afghanistan where US forces are bogged down in losing efforts to extend US hegemony. The Bu$h-Cheney cabal is making sure their buddies at Haliburton, Lockheed Martin and the military industrial war apparatus have a banner year. The latest request for troops and money are nothing more than an incremental escalation to man permanent garrisons in Iraq as contrasted to the massive escalations and troop deployments that happened in Vietnam. The Democoward majority in Congress, the same folks who were elected by the people last November to bring closure to the Iraq debacle have betrayed the public already, they will not turn off the funding spigot nor exert their constitutional oversight authority to bring this fiasco to an end.
The sell outs and traitors in Congress who never miss an opportunity to line their own pockets with raises while the masses are struggling to make ends meet as the proverbial ends move farther and farther apart are once again dancing to the tunes of their lobbyist bagmen and New World Order pipers. They are showing their true allegiance, choosing to do the bidding of the lobbyists and corporate campaign contributors rather than handling the people’s business or doing the right thing. In November the ruling elites allowed the voices of the people to be heard choosing to not rig elections on a grand scale like they did in 2000 and 2004. The people overwhelmingly voted for the Democrats, kicking the Republicans to the curb thereby sending the unequivocal message they want change. By their vote the people emphatically demonstrated they want an end to the policies of perpetual war. But Congress betrayed them.
The Bu$hites are moving ahead with their surge plans ostensibly designed to clamp down on the violence in Baghdad and the increasing presence of the Taliban in Afghanistan. Due to the corporate media’s help in drumming up support for the bogus War on Terrorism and denouncing anyone who dared ask serious questions or express righteous dissent, up until recently, Bu$h and Co have had their way. The NeoCon’s policies have not only bankrupted the nation, they have made AmeriKKKa a hideous monster in the eyes of most of the world. Their policies have insured there will be animosity and bloodshed for years to come. Their hubris has blinded them to the lessons of history and the very real implications that this region is the home of the notions of “an eye for an eye, tooth for tooth”, clan retribution and revenge. Not only is the psychopathic NeoCon policy makers’ ignorance of past history undermining everything they do, they are not too swift when it comes to making plans to quell the resistance. It has never dawned on these morons and their US military puppets the tribal freedom fighters and religious Jihadists who are defying the Anglo-AmeriKKKan invaders and the Quisling “governments” in both Iraq and Afghanistan will simply leave Baghdad and take up operations in another part of Iraq beyond the current reach of the US military. In the case of Afghanistan, the resurgent Taliban are making life miserable for the US and NATO forces as they hit and run, duck and dodge into the treacherous mountains and caves of Afghanistan, dart back and forth across the Afghani-Pakistan border and mingle with the locals in both countries who view them far more favorably than they do the Western occupiers. This is the price the US must pay for failing to learn the lessons of both recent and ancient history.
When will the US people realize the ruling elites have no intention of leaving the Persian Gulf region? If the US still has numerous military bases in Germany, Japan and the Philippines sixty-two years after WWII and there are no oil, natural gas or gold in those countries what makes US citizens think the US military plans to leave Afghanistan or Iraq anytime soon? When will Joe and Jane Sixpack wake up and accept the fact the ruling plutocrats are committed to bankrupting AmeriKKKa if necessary to insure they and their multinational oil buddies control all the resources in the Persian Gulf, Central Asia and the Horn of Africa? The bogus War on Terror is merely a PR justification to do a modern day pillage and plunder to steal the oil, maintain US dollar hegemony and subjugate the indigenous people via puppet governments that do the will of the US ruling elites.
The people of Iraq and Afghanistan have other plans! They will resist to the death and they are planning for the long haul. This will be a multi-generational struggle unless the US wakes up and pulls out like they did in Somalia several years ago. All Bu$h is doing is wasting money, wasting innocent lives and diverting resources that could be used to fix our roads, build better schools and fund beneficial and cost effective social programs. Bu$h has the audacity to ask Congress for more troops and money to carry out his doomed to fail escalation plans! The freedom fighters and Jihadists are not going to lay down their arms nor will they surrender to the invaders, its just not going to happen. The real tragedy is Congress will probably give in to Bu$h and appropriate even more money we don’t have for this losing effort. The top candidates for the presidency in both parties all backed the war and none of them have any plans for the total withdrawal of US forces from the region, let alone ending the carnage or saber rattling at Iran, North Korea and Venezuela.
They are all in cahoots with the warmongers in the military industrial complex, the media and international bankers. Not one of them has any serious plans to end the war. The major campaign contributors made sure of that. The Congress has been bought and paid for by Haliburton, Bechtel, Lockheed Martin, GE and so many others. The more money the Congress wastes on bombs and destruction the more profits the bankers, military contractors and media make. It’s a vicious circle. The only way it will stop is if and when the AmeriKKKan people determine to take decisive action, using massive peaceful demonstrations, civil disobedience, consumer boycotts and general strikes to stop it. Until then there will be more money, more war and more waste.
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Is Barack Obama's Soul For Sale?
Is Barack Obama’s Soul for Sale “ ‘We should take no option, including military action, off the table’. That is precisely the language that John Edwards used addressing a conference in Israel - for exactly the same reason that Obama has been tying himself in knots. It is probably the formulation that AIPAC is insisting on from all candidates. So the only candidates getting any media attention have to pledge, however they hedge, support for potential war on Iran. Not bad work from a lobby for which it's a thoughtcrime to suggest has influence over American foreign policy! And, of course, it's a testament to how much more important donors' cheques are than voters' concerns at this stage of the primaries. Obama's big advantage over Hillary has been his consistent opposition to the Iraq war, a position that is in line with most voters, most Democrats - and indeed the overwhelming majority of American Jews, who are maintaining their traditional liberal postures despite the donor-driven politics of their ‘official’ organizations. A Gallup meta-poll found that 77% of American Jews think the Iraq War was a mistake, compared with 52% of the general American public. Gallup's poll found that 89% of Jewish Democrats think the war was a mistake, and even among non-Democratic Jews, 65% thought so.” A Barack-star no more Barack Obama used to inspire nothing but sympathy and affection. But recently he's given pandering a bad name. http://commentisfree.guardian.co.uk/ian_williams
Just as they helped corrupt the Republican Party and made it a tool of Big Oil, the Military Industrial Complex, big Pharmaceuticals, the Israeli lobby is working on the Democratic front runners to pull them into their warmongering orbit . Poor Barack Obama is being wooed and enticed by the AIPAC the major US Israeli lobby to become a puppet and sycophant for Israel’s hegemonic agenda of death, destruction and conquest in the guise of preservation and security. He has been invited to speak before Zionist organizations and share his views on global politics and domestic issues. Of course in his quest for big bucks, Obama has not disappointed the people he is pandering to.
“I don’t think there is any nation that would not have reacted the way Israel did after two soldiers had been snatched. I support Israel’s response to take some action in protecting themselves.” Obama said during a recent speech.
The problem for truth seekers is the situation Obama refers to was a real life set up to instigate a pre-planned war on Lebanon by Israel! The two Israeli soldiers were not kidnapped by the Lebanese army. A few Israeli tanks trespassed across the border well into Lebanese territory. After a brief skirmish in which the Israeli tanks were destroyed, two Israeli soldiers were captured. The Israelis cunningly manipulated the incident as a justification to trigger an invasion and attack on Lebanon. Unfortunately for them, they were checked by the Hezbollah militia. Of course warmongers never let a little detail like truth get in the way of their plans. In order for Barack Obama to get the big dollars to make a serious run as a presidential candidate he must first pledge fealty to the Israeli lobby. Once AIPAC has confidence he will do their bidding he is then “free" to barter whatever is left of his soul to the rest of the barracuda lobbyists and special interest agents.
Barack is good at shuffling and buck dancing despite the fact he didn’t grow up in AmeriKKKa. Part of his attraction is he is not the average African in AmeriKKKa. He is the anointed “clean Negro”. The quintessential non-threatening black man. According to reports, AIPAC was impressed with his speech and the fact he has signed on some heavy Zionist fund raisers and advisers to his campaign. Of course this means he is now wedded to the Zionist agenda and has become like so many others in Washington, a marionette dancing to the strings and tune played by the special interest groups or worse a bedraggled deluded hooker doing tricks for the New World Order. In order for Obama to make the big show he must be seen as the non-threatening Good Negro. He must distance himself from anything appearing too black too African (his father was a continental African) or too grass roots. The ruling elites must be convinced he has sold his soul to them and his allegiances are to them and them alone. He seems to be moving in that direction.
“Some Palestinians are feeling betrayed by Barack Obama. They say the man who at one time called for an ‘even-handed’ approach to the Israeli-Palestinian dispute. has done a policy U-turn now that he's running for president. Speaking to a forum at the American Israeli Public Affairs Committee in Chicago on Friday, Obama called for ‘a clear and strong commitment to the security of Israel: our strongest ally in the region and its only established democracy.’ He went further, condemning ‘the smuggling of weapons and cash by Iran into Gaza’ and vowing to continue ‘our total commitment to our unique defense relationship with Israel’ to ‘help Israel maintain its military edge and deter and repel attacks from as far as Tehran and as close as Gaza.’ Ali Abunimah, founder of The Electronic Intifada, criticized Obama's ‘about-face.’ ” Palestinians not happy with Obama From Matthew Kalman, Jerusalem http://sfgate.com/cgi-bin/blogs/sfgate/detail?
The sadder reality is so many black folks are ecstatic Obama is making a run for the US presidency. Most astute black folks realized Colin Powell was held in such high regard by white folks because he routinely jumped through their hoops and was their lap dog executing their fiendish policies. But at the same time they were proud Powell exhibited some scruples and refused to be totally down with Bu$h and NeoCon warmongers until he did his UN shuffle.
Our people have been duped to believe the lies they were told in school about AmeriKKKa being a nation “of the people, by the people and for the people.” The fact of the matter is, AmeriKKKa is a pluralistic plutocracy disguised as a representative democracy. In AmeriKKKa differing ethnic groups and special interest groups jockey for power, influence and control while the masses are duped to believe their votes every two or four years are important and that by voting they set policy and run the show. Nothing is further from the truth. Lobbyists, bag men and prostitutes who pass money and favors to the politicians on behalf of the interest groups and elites to entice the politicians to do their bidding is how the system really works. The voters only mean anything if at all at election time and nowadays elections can be rigged by the push of a button.
In the beginning of this nation’s history the White Anglo Saxon Protestant males held sway. They set the tone and tenor of how things would work setting themselves up as the ruling elites. But succeeding waves of European immigrants and economic interests have joined the mix. Nowadays the Irish, Italians and Ashkenazim elbow each other at the table in the proverbial back rooms to set policy and reap the spoils of their deals while marginalized people of color scramble and fight for the crumbs. All the players except Africans in AmeriKKKa know this is a pluralistic society where group solidarity is paramount for success. To make it in politics, business or anything else in AmeriKKKa, a person not only needs his own family, tribe, community or group to be behind him or her; he or she also needs the support of other groups. Hence Obama’s need to shamelessly buck dance and pander before the Ashkenazim and not offend other whites by being seen or associated with his Afrocentric pastor Jeremiah A Wright Jr.
Alas, poor Obama has not merely reduced himself to shuffling and buck dancing to entertain white folks and make a few pennies to support himself and his family. He has either knowingly or unwittingly sold his soul to the devils.
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Are the US Hosung and Mortgage markets Going Belly Up?
Are The US Housing and Mortgage Markets Going Belly Up? “Mortgage brokers, who make their money on issuing mortgages, not holding them, had been anxious to get as many people as possible to buy mortgages. While old-fashioned bankers would demand large down payments and good credit histories, many mortgage brokers were happy to issue mortgages that they knew buyers could not pay off. Since the brokers dump their mortgages in the secondary market almost immediately after they are issued, they have little reason to be concerned about whether the buyer can actually meet the payments. Mortgage brokers were able to entice more people into the housing market with low teaser rates' that were often several percentage points below the market rate to which the loan would eventually reset. Many home buyers who could meet their monthly payment on a mortgage with a 1.5 percent interest rate would be hopelessly over their heads when the mortgage reset to a 6.5 percent rate. But, everything was fine, as long as home prices continued their rapid appreciation. If a home buyer's income wasn't high enough to make the mortgage payment, the home buyer could draw on the new equity created by a rising home price. As a result, delinquency and foreclosure rates remained low through 2004 and 2005, even as the number of high-risk mortgages soared.” The Housing Bubble Starts to Burst By Dean Baker http://www.truthout.org/docs_2006/030607J.shtml
Honest economists and analysts have been predicting for years the US housing and lending bubbles were about to burst leaving millions of AmeriKKKans in ever rising debt or experiencing the excruciating pain of losing their homes due to mortgage default and foreclosure. The cause of the crisis are the loose predatory/exploitative lending practices and the pushing of the “AmeriKKKan Dream” of home ownership on people least likely to be able to afford and maintain the expenses of home ownership. Statistics are alarming. Over two million AmeriKKKans now find themselves in some stage of home foreclosure.
“WASHINGTON (MarketWatch) -- The number of U.S. homes entering the foreclosure process because of nonpayment on mortgages rose to 130,511 in January, 25% more than in January 2006, according to data released Monday by Realtytrac Inc. The foreclosure rate was one for every 886 U.S. households. The 130,511 foreclosures is the highest monthly total since the firm began tracking national foreclosures two years ago. Foreclosures were up 19% compared with December. With different laws and economic climates, foreclosure rates varied widely among metropolitan areas and states. There were 14,728 foreclosure filings in Texas, but just two in Vermont. Nevada had the highest foreclosure rate, with one foreclosure filing for every 362 households. By contrast, Vermont's two foreclosures amounted to one in every 147,191 households. The remaining top five states for foreclosures were Michigan (one in 366 households), Georgia (one in 372), Colorado (one in 377) and Arizona (one in 526). Jurisdictions with few foreclosures per households included Maine, the District of Columbia, New Hampshire and the Dakotas. Detroit had the highest foreclosure rate among cities: one for every 124 households. Greeley, Colo., had a foreclosure rate of one in 173, while Atlanta had one for every 214. Foreclosures doubled in Detroit and rose by 25% in Atlanta compared with December.” Foreclosures jump 25% in January By Rex Nutting, MarketWatch http://www.marketwatch.com/news/story/foreclosures-jump-25-january/story.
Many of the victims of this escalating economic tsunami are Africans in AmeriKKKa and Latinos, folks how bought into the “dream” of wealth building via home ownership but who did not have the savings, incomes or down payment needed to secure a traditional home mortgage. Unscrupulous mortgage brokers took advantage of these people signing them in what are called sub-prime mortgage loans, loans whose interests rates are lower than the standard rate for a brief period of time but are structured to balloon to exorbitantly higher rates in just a few years. Many were steered towards unconventional or non-traditional loans such as interest only loans where the monthly payments go to the interest only not to principle or no money down loans. Of course the mortgage brokers have an incentive to do this, they get higher commissions on these types of loans. They could care less if the buyer is unable to make the payments two or three years down the road when the interest rates explode.
Homeowners during boom times, when housing prices and appreciation were shooting through the roof, can use the rising equity on their homes like a credit card by borrowing on the increasing equity or by refinancing their loans at lower interest rates to pay their bills and keep their heads above water. But now that the housing market has cooled precipitously, they can no longer use their home as a credit card. This is what we are seeing now as defaults, foreclosures and bankruptcies soar.
“Mortgage brokers were able to entice more people into the housing market with low ‘teaser rates’ that were often several percentage points below the market rate to which the loan would eventually reset. Many home buyers who could meet their monthly payment on a mortgage with a 1.5 percent interest rate would be hopelessly over their heads when the mortgage reset to a 6.5 percent rate. But, everything was fine, as long as home prices continued their rapid appreciation. If a home buyer's income wasn't high enough to make the mortgage payment, the home buyer could draw on the new equity created by a rising home price. As a result, delinquency and foreclosure rates remained low through 2004 and 2005, even as the number of high-risk mortgages soared. However, the party began to end last year as house prices started to fall. The fall thus far has been relatively modest (around 3 percent nationwide), but with prices going in the wrong direction, most new home buyers have no equity that they could rely upon to meet their monthly payments. As a result, delinquency rates began to soar in 2006. More than 10 percent of the subprime adjustable rate mortgages issued last year (the most risky category) were already seriously delinquent or foreclosed within 10 months of issuance. This is even before any of these mortgages reset to a higher interest rate. With foreclosure rates soaring, the music is about to stop. The investors who bought up these mortgages in the secondary market are now refusing to lend more money. Credit is drying up for both the subprime and the Alt-A market, which is a notch above subprime in creditworthiness. These two segments of the housing market together accounted for 40 percent of the mortgages issued in the last two years.” The Housing Bubble Starts to Burst By Dean Baker http://www.truthout.org/docs_2006/030607J.shtml
The party is over not just for home owners who are struggling to hold onto their homes, the party has become a drag for home builders and mortgage companies that specialize in sub prime lending. Huge inventors of unsold homes are piling up. Housing construction has slowed and mortgage companies are going out of business!
“NEW YORK (CNNMoney.com) -- Lending to homeowners and buyers without good credit has suddenly become a very bad business - and possibly a very big problem for the U.S. economy as a whole. The sector is known as subprime mortgages, which pumped $640 billion into the economy through facilitating home purchases and refinancings in 2006, according to trade publication Inside B&C Lending. That's nearly twice the level of this kind of lending seen as recently as 2003. But now, with delinquencies and defaults by borrowers rising, experts in the field see more lenders filing for bankruptcy and a sharp pullback in subprime lending. In addition, banking regulators are proposing tougher lending standards and regulations in the sector. All that sent shares of some major financial firms sharply lower Monday. ‘Everyone in the subprime sector this year is going to lose money,’ said Bose George, analyst with Keefe, Bruyette & Woods, a Wall Street firm specializing in banking and finance. ‘They're getting squeezed on all sides. Going into the year, we were looking for a decline of 15 percent [in subprime lending], but clearly now that is far too low. It's now looking like a 25 to 30 [percent] decline.’” Subprime woes: How far, How Wide? http://money.cnn.com/2007/03/05/news/economy/subprime
The yellow alert is flashing brightly. But most are too busy trying to make ends meet to pay attention. Over thirty major mortgage companies have gone belly up in the last few months. This is a ominous sign for the US economy because many of these companies are subsidiaries of larger financial entities.
“Last Thursday, Countrywide Financial, one of the nation's largest mortgage lenders, warned that 19 percent of the nonprime loans it collects payments for are delinquent. Its shares slid another 3 percent Monday on concerns about the sector. Other leaders in subprime mortgage lending in the United States are units of some of the nation's biggest financial services firms, including HSBC, the No. 1 subprime lender, which took a $10.6 billion charge for bad loans, as well as General Electric, Wells Fargo and Washington Mutual. And some businesses that aren't generally thought of as subprime mortgage lenders, such as H&R Block and General Motors , also have subsidiaries in that business. One cause of GM's delay in reporting fourth-quarter results is the attempt to look at how changes in the real estate loan market affect the value of GMAC, the financing subsidiary that GM sold a 51 percent stake in during the quarter.” The corporate media will not sound the alarm or tell us the real deal. They are still singing the everything is going great rah rah song. The fact of the matter is, these trends will have a negative ripple effect on the US economy. Record levels of default, foreclosure and bankruptcy hurt the economy. Banks and finance companies lose money, their shareholders become upset, they become gun shy and credit dries up. This in turn hurts new construction, which concomitantly impacts blue collar workers who can no longer pay their mortgages and on and on. Look for our Congress critters to look into the situation later this year. Unfortunately it may be too little to late. They will not be able to save the millions of AmeriKKKans who only wanted a piece of the AmeriKKKan Dream but who are now living an AmeriKKKan nightmare of debt peonage in an increasingly uncertain economy.
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Evil Genius, Now It All Makes Sense
The Evil Genius of The west, Now It All Makes Sense
“White House whose sole purpose is to reduce the world's population by 2 billion people through war, famine, disease and any other means necessary. This apparatus, which includes various levels of the government is determining U.S. foreign policy. In every political hotspot -- El Salvador, the so-called arc of crisis in the Persian Gulf, Latin America, Southeast Asia and in Africa- the goal of U.S. foreign policy is population reduction. The targeting agency for the operation is the National Security Council's Ad Hoc Group on Population Policy. Its policy-planning group is in the U.S. State Department's Office of Population Affairs, established in 1975 by Henry Kissinger. This group drafted the Carter administration's Global 2000 document, which calls for global population reduction, and the same apparatus is conducting the civil war in El Salvador as a conscious depopulation project. ‘There is a single theme behind all our work-we must reduce population levels,’ said Thomas Ferguson, the Latin American case officer for the State Department's Office of Population Affairs (OPA). ‘Either they [governments] do it our way, through nice clean methods or they will get the kind of mess that we have in El Salvador, or in Iran, or in Beirut. Population is a political problem. Once population is out of control it requires authoritarian government, even fascism, to reduce it ‘The professionals,’ said Ferguson, ‘aren't interested in lowering population for humanitarian reasons. That sounds nice. We look at resources and environmental constraints. We look at our strategic needs, and we say that this country must lower its population-or else we will have trouble.’” WORLD DEPOPULATION IS TOP NSA AGENDA http://www.apfn.net/MESSAGEBOARD/06-12-04/discussion.cgi.50.html
When we look at the track record of the Bu$h administration, if we weren’t aware of preexisting plans, policies and agendas we might conclude George W Bu$h and his cronies are a bunch of inept, bungling, hubris driven individuals cosmically ordained to mess up everything they touch. As plausible as this seems given their history, Bu$h and Co are not cursed with some sort of Midas touch, whereby everything they come in contact with ends in disaster. As strange as this may seem, I am suggesting that what they are doing is deliberate!! Once we discover certain facts like the existence of official government documents like the National Security Study Memorandum 200 (NSSM 200) - April 1974 which outlines a program for global depopulation we can see how everything and I mean everything: 9-11, the bogus War on Terror, Bu$h’s response to Katrina, the Iraq invasion/occupation, the war in Afghanistan and the pending preemptive attack on Iran are all part of an overarching plan to greatly reduce the number of humans on the planet. Google the National Security Study Memorandum 200. It is part of a plan dubbed Global 2000 designed by obvious psychopaths to come up with ways to decimate the population via wars, disease, policy induced famines, economic chaos and natural resource manipulation and exploitation.
When you read their writings, keep in mind these papers and policy directives were written by the minions and lackeys of the ruling elites to serve as policy guides and benchmarks for their New World Order agenda. To put it bluntly the NWO agenda is sick, it is anti-life and demonstrates an evil genius in the world working against humanity, to enslave us and reduce us to mindless zombies! They view humanity as a “population problem”, “overpopulation” and “a national security threat” which are code words to justify genocide on a massive global scale.
“One issue in any global population strategy is the degree of emphasis in allocation of program resources among countries. The options available range from heavy concentration on a few vital large countries to a geographically diverse program essentially involving all countries willing to accept such assistance. All agencies believe the following policy provides the proper overall balance. In order to assist the development of major countries and to maximize progress toward population stability, primary emphasis would be placed on the largest and fastest growing developing countries where the imbalance between growing numbers and development potential most seriously risks instability, unrest, and international tensions. These countries are: India, Bangladesh, Pakistan, Nigeria, Mexico, Indonesia, Brazil, The Philippines, Thailand, Egypt, Turkey, Ethiopia, and Colombia. Out of a total 73.3 million worldwide average increase in population from 1970-75 these countries contributed 34.3 million or 47%. This group of priority countries includes some with virtually no government interest in family planning and others with active government family planning programs which require and would welcome enlarged technical and financial assistance. These countries should be given the highest priority within AID's population program in terms of resource allocations and/or leadership efforts to encourage action by other donors and organizations.” Keep in mind that was written in 1974. The ruling elites have since amended their plans and are aggressively executing a multi-pronged approach using civil and regional wars instigated by the West (Europeans), pandemic diseases, famine and Neo-colonial economic strangulation programs by the IMF, World Bank and US-AID (also known as globalization also see
Confessions of and Economic Hit Man by John Perkins) in “under developed” nations. However they are also aggressively moving to undermine the standard of living in developed nations like the US.
“Poor people living in third-world countries are not the only victims of the so-called new world order. At the heart of this "new" order is a troubling paradox: Poor people within the United States, and the country as a whole, are getting poorer at the same time as the rich within the United States are getting richer. The massive wealth drain from third-world countries to first-world elites has not prevented the economic decline of the United States. Its pressing national problems mirror those of many third-world countries. The infant mortality rate in inner cities like Detroit and Washington, D.C., exceeds that of impoverished Honduras. The United States, in less than two decades, went from being the world's largest creditor nation to being the world's largest debtor. It is also a country of stark contrasts including billionaires and homeless people, measles epidemics and military bands, crack babies and Wall Street speculators. The most disturbing parallel between the United States and the Third World is that massive wealth transfers from the third world poor to the first-world rich have a domestic counterpart. During the 1980s there was a dramatic shift in wealth from poor and working-class Americans to U.S. elites. This upward redistribution of wealth was accompanied by a radical shift in relative wealth and economic power from the United States to Japan and Western Europe. There is one other paradox that is central to understanding U.S. goals within the new world order: The nation's declining economic power is accompanied by and linked to United States ascendancy as the world's undisputed leader in military power.” Brave New World Order by Jack Nelson-Pallmeyer Orbis Books, 1992, paper http://www.thirdworldtraveler.com/New_World_Order/First_World_Order_BNWO.html
The ascendancy of the US to a position on unipolar military dominance (or at least in the ruling elites’ depraved minds) also makes their depopulation strategy easier to actualize. The Shock and Awe of the US pre-emptive and illegal invasion of Iraq was the cause of over 600,000 (and counting) Iraqi deaths! The US recently killed some innocent Somalian nomads in a raid against their global bogey men al Qaeda which as most folks know was the creation of the US CIA and a hard core group of Saudi Arabian religious fanatics. Osama bin-Laden and al Qaeda are merely the enemy de jure that replaced global communism as the major national security threat. al Qaeda is the reason for a permanent US war footing so they can wage their bogus “War on Global Terrorism” which feeds and rationalizes the obscene military spending that sustains the US military industrial complex. The money being wasted on this sham war is being borrowed from foreign banks. The interest the US is forced to pay for these loans is being diverted from domestic programs such as health are, education and infrastructural improvements that would benefit the public, but the ruling elites could care less! So much the better, it means more privation, suffering and death here in AmeriKKKa.
In fact, the US is planning to initiate additional resource wars around the world, in places like Somalia, under the guise of their ongoing War on Terror. These resource wars are designed to control and expropriate the mineral wealth of developing nations. The wars will result in the deaths of millions of indigenous people. But to the ruling elites their deaths, the devastation and their suffering are merely “collateral damage”. Once you understand the real agenda, you realize it all makes sense. It is all part of an overarching bi-partisan plan of global genocide, just like their genocide against the Native Americans and all other aboriginal people around the globe! This is evil genius and barbarism at its highest.
“Incredibly, this article reveals that an aggressive attack on the populations of Third World Countries originated through Henry Kissinger in April, 1974 (still Secretary of State under President Ford), through President Jimmy Carter, and ending at Defense Secretary Rumsfeld of the Bush Administration. Thus, you can say that depopulation of Third World Countries has been a major part of American foreign policy for the past 30 years and is continuing today; further, you can say that this policy is completely bi-partisan, as it was supported strongly by both Democrats and Republicans through numerous administrations. We have long stated that the Illuminati plans a 66% decrease in the population of the world. New Age author, Bill Cooper, writes about the severe depopulation plans in his book, Behold A Pale Horse, and every former Satanist with whom I have worked since 1991 has stated that the Illuminati plans this degree of death. Once we discovered the Pentagon's New Map which is currently guiding our invasions of Iraq, Afghanistan, The Solomon Islands, and Indonesia's Aceh Province, we realized that Kissinger's depopulation plan probably is aimed at all ‘Non-Integrating’ countries of the world, and is continuing today.” Depleted Uranium a tool to depopulate the world by Sepp Hasslberger http://www.indybay.org/newsitems/2006/04/09/18141251.php
The ruling elites are able to pull this off without serious opposition by brainwashing the public through fear. Keep the yahoos distracted and fearful and they can do pretty much whatever the elites please. The latest “threat” is WMD in Iran. So what if Iran has nuclear weapons, even if they wanted to and they don’t, they have no way to attack the US with nuclear weapons. It’s all part of the psychological warfare hype to justify permanent war, death and destruction. This time its Arabs and Muslims the US is targeting. Keep in mind the US is the only nation that has actually unleashed nuclear weapons on civilians (Nagasaki and Hiroshima). Uncle Sam’s other partner in crime Israel, is the most militarily aggressive nation in the region. Israel has a massive nuclear arsenal but whines about countries like Iraq and Iran posing a threat to them! The fact is neither Iraq nor Iran has invaded nor attacked Israel. But Israel attacked Iraq without provocation in 1981 using US made F-15 and F-16 fighters and bombers to take out Iraq’s nuclear reactor in Osirak. Claims by Israel that Iraq and Iran are threats to their “security” are utter nonsense. The fact is, Israel is pushing for a pre-emptive attack on Iran as part of their plan to wipe out thousands if not millions of their Arab and Muslim neighbors. When you stop to think about it, Israel’s genocidal plans coincide perfectly with the Global 2000 depopulation plans of the US ruling elites. Food for thought.
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The Real AmeriKKKa
The Real AmeriKKKa “US STEPS TOWARD BANANA REPUBLIC Many might recall my frequent comments over the past couple years about the United States gradually resembling, if not becoming a Banana Republic. Hats off to Marc Faber, who recently has written (click here) in a thorough fashion so as to qualify the issue according to several criteria. The prime identifying characteristics are a spoiled political system, corrupt wealthy elite in power, control exerted by foreign entities, huge wealth inequities and a shrinking middle class, decayed infrastructure, urban wastelands with filthy pockets, primitive segments of the economy, low capital expenditures, capital flight externally, reliance upon foreign capital, heavy monetary inflation, outsized federal budget deficits, excessive import dependence, elite accounts in foreign locations, lowly paid common working class, large police and security forces, enormous prison population, proliferation of gambling casinos, and a weak currency. Some of the last few items are my additions beyond Faber's list. The United States has all of the above with no exception, as few might debate. If not today, then certainly the US has set upon on an unobstructed pathway.” Hat Trick Letter http://www.321gold.com/editorials/willie/willie011807.html
While the corporate mind control apparatus keeps us fixated on all the minutia of the death and burial of Anna Nicole Smith, what who wore to the Oscars, the latest sports trivia and related gibberish, the ruling elites are fast turning AmeriKKKa into an impoverished totalitarian police state. Things are getting so bad white writers on both sides of the political and economic spectrum are now calling AmeriKKKa a “Banana Republic”. Quiet as its kept, they are right on target and point. Present day AmeriKKKa is for all intents and purposes is a bedraggled, Pavlovian conditioned populous living in a modified third world, gulag infested, police state. The ruling elites: the central bankers, financiers, media conglomerates, the fascist social engineers and puppeteers pulling the politicians’ strings and calling the shots have decreed AmeriKKKa will revert to the era of the robber barons lording it over a increasingly impotent populous being strangled by political corruption, and weighed down by debt peonage and wage serfdom. Our slumping standard of living is falling fast as the gap between the super rich and the poor widens every week. Things are so bad CNN newsman Lou Dobbs who is far from a radical leftist ideologue speaks openly of class warfare in AmeriKKKa.
“Our country's middle class is not just collateral damage in what has become all-out class warfare. Political, business and academic elites are waging an outright war on working men and women and their families, and there is no chance the American middle class will survive this assault if the dominant forces unleashed over the past five years continue unchecked. They've accomplished this through large campaign contributions, armies of lobbyists that have swamped Washington, and control of political and economic think tanks and media. Lobbyists, in fact, are the arms dealers in the war on the middle class, brokering money, influence and information between their clients our elected officials.” Lou Dobbs http://www.cnn.com/2006/US/10/10/Dobbs.Oct11/index.html
Others have looked at present day AmeriKKKa and concluded this country is sliding into conditions that rival a banana republic.
“The American dream is on its way out. The coming failure of the dollar and the collapse of the American economy will traumatize the American people, but not before the elite have set up the necessary police state to protect themselves and their interests. The American people have been seduced, and soon will be reduced to pauper-dom. Class warfare by the rich has been very successful. Americans should have taken a hint when it became clear that the pollution of the air by coal-fired electricity generation could cause massive outbreaks of asthma and even death without any regulatory concern by a government of the wealthy, by the wealthy and for the wealthy. The American people should have opened their eyes when they saw wars of conquest disguised as wars for democracy, while both political parties easily subverted democracy, now totally dominated by the uber-rich.” America's Wealthy Waging Class War Against the Rest by Stan Moore http://world.mediamonitors.net/content/view/full/14305/
The fascist elites have set as their goal the bankrupting of this country, demolishing the middle class and reducing the rest of us to a state of abject poverty and wage slavery.
“The Center for Responsible Lending estimates that 2.2 million American homeowners will likely lose their homes via foreclosure. Default rates are terrible in many regions of the nation, not confined in any way since a systemic problem. One in five subprime mortgage customers who purchased homes in the last two years is likely to enter foreclosure, amounting to 1.1 million people. The most alarming conclusion made from the study, after analysis of more than six million mortgages since 1998, is that the risk of default is independent of the credit score of the borrower. The failures are occurring regardless of income and past credit history. In 1994, only 5% of mortgages underwritten were risky subprimes. Now the subprimes comprise over 25% of the mortgage industry, totaling over $600 billion in 2005. Abuses of negative amortization, piggyback loans to cover down payments, and other stretched deals are discussed in the January Hat Trick Letter report, as are the key specific factors tipping homeowners over the edge into foreclosure. The most dangerous bank system risk might not be the failures so much as the skewed internal underwriter risk controls, and policy for loan loss reserves. Piggyback loans are insane since they directly enabled loans which would not have been approved. They are called ‘silent seconds’ since their loan-to-value lenders only report the first mortgage. Mortgage industry data is thus skewed and biased.” Jim Willie Hat Trick Newsletter http://www.321gold.com/editorials/willie/willie011807.html
All this is deliberate, it is by formulated plan, a plan articled for the elites by former Federal Reserve Board Chairman Alan Greenspan with his easy credit and mortgage policies that were trumpeted by the corporate media. The Fed’s policies opened a flood gate of sub-prime loans, loans targeting folks with less than stellar credit and anemic savings (most AmeriKKKans especially Africans in AmeriKKKa have negative savings status) who bought into the mass media hyped notion of the AmeriKKKan dream of home ownership. Now thanks to the Fed’s policies and predatory lending by unscrupulous mortgage companies, their dreams are turning to ashes as foreclosures and defaults skyrocket. Honest economists, the Fed and the major lenders had to know this would happen sooner or later. But they didn’t care. Even more ominous is the fact sub-prime lending institutions are going belly up on a regular basis, which will undermine the whole economic system! “The financial distress of an increasing number of subprime lenders is indeed now becoming pervasive as four of them have gone under in the last two months alone. First, Ownit, the 11th largest wholesale subprime mortgage lender in the US, closed operations in early December and filed for Chapter 11 at the end of the year. Second, Harbourton Mortgage Investment stopped funding new mortgages in late December. Third, Mortgage Lenders Network shut down operations in early January; MLN was the third-largest originator of subprime mortgages at the time of its shutdown. Fourth, SecuredFunding, a HELOC and home equity lender based in California closed shop too. And on top of this some of the biggest mortgage lenders – such as HSBC – are also reporting serious losses in their mortgage and subprime lending operations. So it is no surprise that HSBC and several other financial institutions – such as H&R Block - have been reported to be planning to sell their subprime lending operations given the mounting troubles and losses of such operations. ” The continued troubles of subprime lenders and borrowers: the beginning of a credit crunch? Nouriel Roubini Jan 09, 2007 http://www.rgemonitor.com/blog/roubini/172081 Each week news of another mortgage lender closing shop is whispered but the AmeriKKKan people are not in the information loop so we are totally clueless about what is happening. Most of them will be caught in a lurch and end up losing everything
Couple these developments with the massive political corruption that permeates AmeriKKKa, the permanent war footing of the US government and the growing influence of the military industrial complex and we have the making of a perfect storm for a disastrous national implosion fueled by fascism, militarism, moral and economic bankruptcy. AmeriKKKa is collapsing before our eyes. Joblessness and homelessness are on the rise in the supposed richest nation on the face of the earth. AmeriKKKa’s mayors gave a report in 2006 that revealed the sorry state of many of its citizens.
“Homelessness in 2006- During the past year, requests for emergency shelter increased in the survey cities by an average of nine per cent, with 68 per cent of the cities registering an increase. Requests for shelter by homeless families alone increased by five per cent, with 59 per cent of the cities reporting an increase. An average of 23 per cent of the requests for emergency shelter by homeless people overall and 29 per cent of the requests by homeless families alone are estimated to have gone unmet during the last year. In 86 per cent of the cities, emergency shelters may have to turn away homeless families due to lack of resources; in 77 per cent they may also have to turn away other homeless people. People remain homeless an average of eight months in the survey cities. Thirty-two per cent of the cities said that the length of time people were homeless increased during the last year.” http://www.citymayors.com/features/uscity_poverty.html Alas what we are seeing is a snapshot of the real AmeriKKKa in 2007.
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