Posts Tagged ‘fraud’

Snow Blankets Global Warmng Legislation Debate In London (Elevation 79′ (24m))!!

Wednesday, October 29th, 2008

Snow blankets London for Global Warming debate

Photobucket
OK, so this picture wasn’t actually part of the article, but the location and the snow and the tents of the citizens trying to voice an opinion against the illegal Iraq War and its continuing bloody mess are!!
http://www.ewagz.com/blogs/1462/Snow-blankets-London-for-Global-Warming-debate.html
Snow fell as the House of Commons debated Global Warming yesterday – the first October fall in the metropolis since 1922. The Mother of Parliaments was discussing the Mother of All Bills for the last time, in a marathon six hour session.

Photobucket

In order to combat a projected two degree centigrade rise in global temperature, the Climate Change Bill pledges the UK to reduce its carbon dioxide emissions by 80 per cent by 2050. The bill was receiving a third reading, which means both the last chance for both democratic scrutiny and consent.

Federal Judge Declares Constitution Null and Void!!

Monday, October 27th, 2008

THIS IS NOT A POLITICAL GAME!!! THIS IS A CONSTITUTIONAL CRISIS!!
The following excerpts are from federal judge surrick’s ruling of 24Oct08!!

“To reiterate: a candidate’s ineligibility under the Natural Born Citizen Clause does not result in an injury in fact to voters.” (p.18 para 2)

“The alleged harm to voters stemming from a presidential candidate’s failure to satisfy the eligibility requirements of the Natural Born Citizen Clause (ie Constitution) is not concrete or particularized enough to constitute an injury in fact sufficient to satisfy article III standing.” (p.14 para 1)

“The question, therefore, is straightforward: Does the Natural Born Citizen Clause create a federal right the violation of which results in a cognizable (1983) claim? We think not.” (p. 21 last sentence)

Presidential Eligibility Unimportant Jugement Surrick 25Oct08Upload a Document to Scribd

http://www.newswithviews.com/Devvy/kidd407.htm
Phil Berg’s lawsuit to force production of Barack Hussein Obama’s birth certificate is not a political game, it’s a constitutional issue. The most cogent narrative, including excerpts from Judge Surrick’s decision is found here. To say millions of us are outraged is putting it mildly. Enraged is more appropriate. If one reads the dishonorable Surrick’s words, it becomes apparent this judge, if he is the one who actually wrote the decision, thinks we the people are too stupid to understand his outrageous remarks:

“…regardless of questions of causation, the grievance remains too generalized to establish the existence of an injury in fact. To reiterate: a candidate’s ineligibility under the Natural Born Citizen Clause does not result in an injury in fact to voters. By extension, the theoretical constitutional harm experienced by voters does not change as the candidacy of an allegedly ineligible candidate progresses from the primaries to the general election.”

According to this bench warmer, a candidates INELIGIBILITY to run for office doesn’t present an injury to voters! We just accept fraud as eligibility! “Theoretical constitutional harm” experienced by we the people doesn’t change as the fraud passes from one phase of the election cycle to another! Surrick is lost in purple haze. Typical of these weenie federal judges, when they can’t find the guts to do the right thing, they take the cheap way out and try to pass the buck to the other incompetents, Congress:

“So, who does have standing? According to the Hon. R. Barclay Surrick, that’s completely up to Congress to decide.

700-850 BILLION DOLLAR BULLSHIT DEFINED!! IT IS A SHELL GAME!!

Sunday, October 12th, 2008

Credit Default Swaps….a kind of off the books insurance they all can write on each other and then swap as necessary to fool the customer into believing there is any money (ball) in (under) any account (shell)…..quite a confidence game…..I have noticed a lack of accounting of the 700-850 billion dollars on the US Treasury Account Balance Sheet…..maybe Paulson is playing the shell game with our money now!! It would appear so!!

CHECK THIS OUT!!
The Bailout Plan Passed 3Oct08 and was signed by Bush 43 minutes later…SO IT WAS LAW BEFORE CLOSE OF BUSINESS ON FRIDAY!!
ONE DAYS INTEREST ON 700 BILLION DOLLARS AT 4% PER YEAR (Which is a rather poor investment performance number so very conservative) IS $76,712,328.78 IN ONE FREAKIN DAY!! SO WHY IS THIS NOT LOGGED ONTO THE US TREASURY STATEMENT OF 3OCT08?? THAT MAKES FRIDAY, SATURDAY, AND SUNDAY A TOTAL LOSS!! THAT IS 230 MILLION DOLLARS IN INTEREST ON OUR HARD EARNED MONEY UNACCOUNTED FOR…AND THAT IS ASSUMING THEY INTEND TO EVEN PUT THE $700 BILLION ON THE BOOKS AT ALL EVER!!
ALSO NOTICE THE SHARP INCREASE IN THE SHORT POSITION FROM THE 29AUG STATEMENT TO THIS 3OCT STATEMENT!! A CHANGE FROM 62 BILLION TO 215 BILLION IN SHORT POSITION!! A 153 BILLION DOLLAR INCREASE…..THAT IS A CHANGE OF TWICE THE ENTIRE US RESERVE ASSETS AS ANNOTATED AT THE TOP OF THE SPREAD SHEET AT APPROXIMATELY $72 BILLION!!
Spread Sheets Highlighted Here On Page Three!

US Treasury Reserve Position 2Sep08 Thru 3Oct08Upload a Document to Scribd

http://www.ustreas.gov/press/international-reserve-position.html
Traders’ worst fears realised at Lehmans auction

http://www.independent.co.uk/news/business/news/traders-worst-fears-realised-at-lehmans-auction-957953.html

Hundreds of billions set to change hands as credit default swaps are reconciled

By Stephen Foley in New York
Saturday, 11 October 2008

Derivatives traders were yesterday nervously picking their way through the wreckage of the Lehman Brothers bankruptcy in what was the biggest test to date of the unregulated $60 trillion (£35.4 trillion) credit default swaps market.

Investors who had placed bets on Lehman’s creditworthiness held an auction aimed at clarifying who owes what to whom after the investment bank went bust four weeks ago, and analysts believe that several hundreds of billions of dollars will change hands.

Credit default swaps are a kind of insurance, which investors used to protect themselves in the event that Lehman defaulted on its bonds. Unlike traditional insurance, however, any financial firm could write a credit default swap contract so banks, insurance companies, hedge funds and traditional fund managers are among those now being required to make investors whole.

The auction set a price for Lehman bonds of 8.625 cents on the dollar. Financial firms that sold credit default swaps, therefore, owe 91.375 cents on the dollar – more than Wall Street had been factoring in. That figure increased nerves about whether everyone in the chain will actually be able to pay the amount that they owe, something that will become clear over the coming days. Participants said the auction went smoothly and efficiently.

The insurance giant AIG was one of the biggest sellers of Lehman Brothers credit default swaps, and it faces big losses as a result. It had to be bailed out by the US government three days after the Lehman bankruptcy filing, and has so far been extended $123bn in loans from the US taxpayer. What investors and regulators fear most is a failure to pay by one link in the chain could cause a cascade of losses through the system.

Analysts say the amount of money that has to change hands could be more than $200bn. Some estimates put the value of outstanding credit default swaps on Lehman Brothers debt at $400bn, although some of these trades have already been netted out because some investors both sold and bought CDS contracts. Exact figures are not available because a CDS is a private contract and is not traded on an exchange, but the payout will certainly be the biggest in the 10-year history of the market.

CDS issuance has exploded in recent years as investors have used the instruments not just to insure bonds that they hold, but also to bet on the creditworthiness of companies. The growth of the market has been so fast that Wall Street has not had time to invent a central trading mechanism.

The New York branch of the Federal Reserve, the US central bank, summoned market participants to a meeting yesterday to discuss creating just such a mechanism. IntercontinentalExchange, the electronic trading platform that is now one of the most popular places to buy and sell oil, said yesterday it had set up a joint venture to create a CDS settlement system. Its announcement came three days after CME Group, which runs the Chicago Mercantile Exchange for derivatives trading, said it was joining forces with hedge fund Citadel to set up a similar system.

Deutsche Borse and NYSE Euronext have also expressed interest, suggesting there could be ferocious competition between exchanges if CDS trading is forced into the regulated arena.

Take The Load Off Fannie, Put The Load Right On We!!

Wednesday, September 10th, 2008

This would be much more enjoyable if it wasn’t so tragically true!!



Thanks
juan

Take a Load off Fannie, and put the load right on me!
The bailout of Fannie & Freddie will do little to stem the inevitable deflationary credit collapse and economic depression.The Patriot act and virtually all other anti terrorist measures have been enacted soley to deal with the civil unrest that will ensue as a result of the financial turmoil that is about to unleashed on an unsuspecting American public.The government has anticipated and More..has been preparing for these developments for decades.Ron Paul and his phylosophy of isolationism for America is the only real solution to this problem.