Boycott Anything NBC/MSNBC/CNBC - GE Govt's Biggest Beneficiary of Bailout - through Loophole

How outrageous that GE is the biggest beneficiary of the Govt's bailout program, by owning 2 small banks - they don't have to follow the rules either!

link to article: http://www.washingtonpost.com/wp-dyn/content/article/2009/06/28/AR2009062802955.html?hpid=topnews

General Electric, the world's largest industrial company, has quietly become the
biggest beneficiary of one of the government's key rescue programs for banks.

At the same time, GE has avoided many of the restrictions facing other
financial giants getting help from the government.

The company did not
initially qualify for the program, under which the government sought to unfreeze
credit markets by guaranteeing debt sold by banking firms. But regulators soon
loosened the eligibility requirements, in part because of behind-the-scenes
appeals from GE.

So, GE is getting money from all of us, because they can. Mind you the govt. turned down California's request for help, because it was actually for the average citizen. Come July 1st. California is going to be in a world of hurt - welfare, health, parks, jobs, the list goes on and on will be stopping.

But GE a Huge corporation got 340 BILLION from the bail out!!!!

Everyone needs to seriously BOYCOTT ANYTHING NBC!!! All of us suffer, while others get money just for the heck of it, when they don't need it!!!

As a result, GE has joined major banks collectively saving billions of dollars
by raising money for their operations at lower interest rates. Public records
show that GE Capital, the company's massive financing arm, has issued nearly a
quarter of the $340 billion in debt backed by the program, which is known as the
Temporary Liquidity Guarantee Program, or TLGP. The government's actions
have been "powerful and helpful" to the company, GE chief executive Jeffrey
Immelt acknowledged in December.

GE's finance arm is not classified as a bank. Rather, it worked its way into
the rescue program by owning two relatively small Utah banking institutions,
illustrating how the loopholes in the U.S. regulatory system are manifest in
the government's historic intervention in the financial crisis.

Below you will see, it IS the largest corporation - they had NO RIGHT to get 340 BILLION dollars!!!

The current good fortune of General Electric, ranked by Forbes as the world's
largest company, has roots in the Great Depression, when it created a consumer
finance arm so that cash-starved families could buy its appliances.

What
grew from those beginnings is now a powerful engine of profit, accounting for
nearly half of its parent's net earnings in the past five years. GE may be
better known for light bulbs and home appliances, but GE Capital is one of the
world's largest and most diverse financial operations, lending money for
commercial real estate, aircraft leasing and credit cards for stores such as
Wal-Mart. If GE Capital were classified as a banking company, it would be the
nation's seventh largest.

The article is 4 pages long and well worth reading - including on how GE worked the system to get the money!!

The govt. doesn't stop amazing me, on how they are working against the people and only for big corporations!

Again - I have gotten an email going - linking this article asking everyone to BOYCOTT ANYTHING NBC!!

That is one of the mildest things we can all do, to show our disapproval of the government and big corporations who are getting money from all of us!!

Jon Stewart takes Obama to task over Transparency!

I Love Jon Stewart!

He says it like it is! In this segment on Thursday, he called Obama out on his lack of transparency. He did not even mention the stimulus package and how that bill was against Obama's promise of disclosure and transparency with bills to be online for 5 days before being voted on. The cap and tax bill that just passed had 300 pages added at 3am in the morning on Friday. The list goes on and on of none transparency and the continuation of hiding behind Presidential powers.

GO Jon Stewart - Thank you for looking honestly at this administration also!

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
Cheney Predacted
www.thedailyshow.com
Daily Show Full Episodes Political Humor Jason Jones in Iran

Update - to my China and Gold Blogs

China again called today for a new world currency. It seems the economic division is at odds with the political division.

The economic politicians no longer want China to purchase the U.S. debt compared to the politicians buying it strictly for political reasons.

Who will win? I have my own opinion on that, considering how many trillions the U.S. is printing as if the paper will be worth anything.

link to article: http://www.bloomberg.com/apps/news?pid=20601080&sid=aSQeGrhdwipU

China will control the World within 2 years

A senior communist Chinese Communist Party Researcher says China needs to buy Gold to hedge against the U.S. dollar. He feels the Yuan will be the trading currency in the future and China needs to have more gold to back it.

China has been purchasing resources of other countries for the last few months for
China's growing economy. It is also stated, China should start purchasing land within the U.S. with their dollars. China has increased their gold reserves to 1054 tonnes from 600 tonnes since 2003. The IMF (International Monetary Fund) is slated to sell 400+ tonnes of Gold from their reserves in the next few months, it has been hinted at, that China will purchase all of it from the IMF.

Sinopec, China's largest oil refiner, agreed on Wednesday to buy Swiss oil explorer Addax Petroleum Corp for $7.24 billion in China's biggest overseas acquisition.

China is setting themselves up to be the superpower of the world, they will be taking the title from the U.S., I would estimate within 2 years.

China has the manufacturing base, as the U.S. does not now, so they will be able to control the products of the world. China will own the energy and other natural resources throughout the world. They will probably own land and important real estate throughout the world also, including inside the United States.

For all those people who believe China needs us, well you may be in for a rude awakening, as China is positioning themselves for almost every other country, to need them in the future. They will control the world's resources and products.

I have no doubt when China has fully positioned themselves by getting rid of the the majority of their U.S. debt reserves by purchasing resources throughout the world, prime and important real estate throughout the world, backing the yuan by a gold standard and have made enough agreements with other countries for using the yuan as a reserve and trading currency, in one full swoop it will hit the U.S. and those people who have not been paying attention hard.

China will have the control to pull the rug out from the U.S. in one go, or they can continue to let the U.S. slowly but surely decline. They are the ones who have the control NOT the United States. Oh, if you don't believe that, then you are hiding your head in the sand and not looking at the situation honestly in the United States.

Also, if you think the U.S. is rich in gold, you may want to think again! The U.S. has not allowed an accounting or audit of the supposed gold at Fort Knox since Eisenhower was President. Many many groups have asked for an independent audit of the gold and release to the public how much is there, but all have been refused. Why? Is that why Nixon took the U.S. off the gold standard in 1971, because there was no gold to back the paper money?

I listened to a radio program online a couple of months ago, the person was an international gold trader. The person mentioned there was "melt" on the market being sold. Everyone who is in the gold business knew that the only entity/country who would be selling "melt" as what was on the market was the United States. The U.S. is the only country that had ever confiscated gold from their citizens in the 1930s and melted it. He also stated, by there being melt on the international gold market for sale, that meant that "someone" was at the bottom of their barrel of gold.

The next question is, when will those countries holding the United States debt demand for an audit of the Fort Knox, besides the United States action groups? Will the U.S. deny the demands? I would think so, because I also believe the U.S. does not have any gold left. Otherwise they would not have refused every demand for an audit, they would have opened the vaults to stop the rumours and accusations of the U.S. no longer having any gold for over 30 years.

People need to look at the situation without rose colored glasses and take the "red" pill. China will be the superpower of the world and they will start controlling what happens in the world along with all the resources. The United States once the dollar has lost it's reserved currency status, along with the truth of Fort Knox gold, others will not buy our debt and our dollar will hyperinflate. The truth is hard to swallow, but if you don't acknowledge the truth now, you will not have positioned yourself for the coming changes and will be lost like the majority of the population of the U.S.. Look at the situation honestly don't be taken by surprise and shock at what the future of the U.S. will be.

LINKS to corresponding articles: http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=85486&sn=Detail

http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5989271.ece

ANOTHER LINK - about China's purchases of resources around the world:

http://www.time.com/time/magazine/article/0,9171,1890398,00.html

NASA to bomb the Moon - My Question WHY? REALLY WHY?

People are hurting and our economy has been melting down, money is needed for the most basic items like housing and food. The government has refused to help California with their deficit which will have them shut down parks, stop welfare, health care etc. for the people.

So what is the government doing? BOMBING the moon to see if there has been water on the surface before!! Really, what the hell is that about? WHY spend money in the million/billions to see if the moon ever had water on it? Besides why wasn't this done 20/30 years ago? Why now, when money is needed for more important things?

link to article: http://www.scientificamerican.com/article.cfm?id=nasas-mission-to-bomb-the-moon-2009-06

I find it bewildering our government is willing to spend money on things that will not benefit us in the long run, when people are hurting and needing help more than ever in our countries history.

My respect for this government and the way they spend money, keeps going downhill.

Obama equals - No Change, No Difference, No Transparency, More Extreme - Continues Bush Policy

How come the media is not stating the fact the United States has Not gotten Change except for the worst from Obama.

What happened to all the rhetoric during his campaign? Where is the change, where is the transparency, where is ending the war?

Obama is continuing Bush's policies and even doing the most ridiculous! His administration is defending Cheney's secrecy in court by saying "It can't become public, because the Daily Show would use the information to make fun of Cheney". Seriously! WTF is that?

The Senate passed Obama's bill making sure torture photos are not released. What happened to the ending of all of that and the "coming clean to the world"?

He already broke his transparency commitment and bills would be on the internet for 5 days before they are voted on. The stimulus was an immediate vote starting at 9am in the morning, when it was released at midnight the night before, missing 3 sections. It was voted on before any Congressman had a chance to even read it. More bills have had the similar fate since then too.

Obama has broken almost every single campaign promise - where is the diplomacy promised with Iran and the rest of the world? Where is listening to the American people?

But more of a question, why is it the American people have not recognized the fact Obama is a continuation of Bush now? His administration is in all the various courts defending Bush and Cheney in the various lawsuits about disclosure.

Obama is doing everything opposite of what he promised. Where are the American people and media pointing that out and demanding he follow his campaign promises?

Yes, I admit I voted for Obama, but I am not blindly following him, I voted for him, because I thought the government would go back to "For the People, By the People" government.

Will he be held accountable for his campaign promises? It does not look so.

Welcome to the third term of Bush!

Obvious Gold and Silver Manipulation - Graphs of Shorts

Ted Butler from Silver Seek, put together some graphs showing the obvious manipulation of the metals market. Metals are the biggest shorted items of commodities.

They can keep getting away with it, because they have the backing of the American government. It would not do, for gold and silver to actually be high in price, as it would debase the paper that is being printed 24/7 in the U.S.

link to full article: http://news.silverseek.com/TedButler/1245173905.php

Meetings happening between Eastern Countries - U.S. not allowed to attend. The final hammer coming down for U.S.?

Seems there are meetings between 6 Eastern countries right now, Russia,
China and others, one person has said it is the most important meeting of the
21st century.

The U.S. asked to attend to observe, but was denied admittance. Why did they do that? Are they discussing the getting rid of the dollar and making agreements with each other?

Interesting enough Russia had come out saying they were happy with the dollar just 2 days ago, as the dollar was in decline on the index, as I posted about. But did they do that to dump them in the next few days - doing it that fast?

For those who think the U.S. will stay standing, are ignoring what is happening. People need to stop being blind to what is actually happening behind the scenes and our MSM does not report, including this huge meeting between the largest nations that the U.S. wasn't allowed in.

Right now, they can come out and let the U.S. fall on it's face, though I think they will not do it so fast, they are planning how to protect themselves and how to get rid of their dollars while there is still strength in it.

link to article: http://www.truthdig.com/report/print/20090614_the_american_empire_is_bankrupt/

There are meetings
being held Monday and Tuesday in Yekaterinburg, Russia, (formerly
Sverdlovsk) among Chinese President Hu Jintao, Russian President Dmitry
Medvedev
and other top officials of the six-nation Shanghai Cooperation
Organization. The
United States, which asked to attend, was denied
admittance. Watch what happens
there carefully. The gathering is, in the
words of economist Michael Hudson,
“the most
important meeting of the 21st century so far.”
It is the first
formal step
by our major trading partners to replace the dollar as the
world’s reserve
currency. If they succeed, the dollar will dramatically
plummet in value, the
cost of imports, including oil, will skyrocket,
interest rates will climb and
jobs will hemorrhage at a rate that will make
the last few months look like boom
times. State and federal services will be
reduced or shut down for lack of
funds. The United States will begin to
resemble the Weimar Republic or Zimbabwe.
Obama, endowed by many with the
qualities of a savior, will suddenly look
pitiful, inept and weak. And the
rage that has kindled a handful of shootings
and hate crimes in the past few
weeks will engulf vast segments of a
disenfranchised and bewildered working
and middle class. The people of this
class will demand vengeance, radical
change, order and moral renewal, which an
array of proto-fascists, from the
Christian right to the goons who disseminate
hate talk on Fox News, will
assure the country they will impose.

The U.S. people need to get smart and understand, we are no longer the leaders of the world, the other countries now have the upper hand and are able to control our future. Our future was squandered away by our politicians, by printing the amount of money that has been and continues to be printed, and all the other countries who hold our debt.

Update:

http://www.foxnews.com/story/0,2933,526541,00.html

Russia came out of meeting, saying the world does need another trading currency other than the U.S. dollar. They sure do keep saying different things. Is this why the dollar index is declining today and gold is going back up once again?

Russia reverses themselves - "Dollar is good" - Are they playing Roulette in Reality?

It seems Russia has reversed themselves saying "They are happy with the dollar". Though just last week, President Dmitry Medvedev, questioned its global status, joining China’s central bank Governor Zhou Xiaochuan in suggesting the world may need another benchmark for settling international debts.

Okay, so a complete reversal has happened! Does everyone feel better about the dollar?

Now, before getting all warm and fuzzy about the dollar, lets take a critical look at what has been said in the past, compared to what is being said now!

Since the end of March, China and Russia have been saying "get rid of the U.S. dollar as the reserve and trading currency. But now they are saying "We are happy with it all of a sudden".

Hmmmm, something does not sound right about that. The dollar index had been in a decline and metal prices have been in the increase, until a couple of days ago.

Why the sudden change?

Could it be, that in reality, they KNOW the dollar has been printed WAY TOO MUCH and it was in a decline, yet they have Billions in dollar reserves themselves! So, what do they do? Keep thrashing the dollars status and let it decline while they have Billions of it? OR do they get smart and come out to the public saying they are fine with the dollars status, to keep it strong and the gold prices stable and low while they work furiously behind the scenes to get rid of their dollar reserves?

Information had come out last week about Russia exchanging their U.S. dollars for IMF debt, China has been increasing their gold reserves.

Sorry, no one should take and feel comfortable with the U.S. dollar status as being secure and able to stay the reserve and trading currency of the world. Look more critically at what is really going on, watch the movement of dollars. Other countries are going to do what is in their best interest, not in the U.S.'s best interest, so what they are doing is very smart right now. They are behind the U.S. dollar has they work to do everything they can to get rid of it, secretly and quietly and totally behind the scenes while it still has value.

Don't take what is being said at face value, look at it carefully and closely and think about to what advantage is there to countries with huge dollar reserves to keep it strong at the moment.

Russia playing roulette with the dollar - betting the house of reserves and getting rid of it?