One word, one clarification for those who’ve become weary with my warnings about the trends this country has taken in recent years, and the continual abysmal track record that has been the result of the failed policies of this administration on practically every agenda across the board. It does not give me any satisfaction to have been correct about my warnings of where an Obama presidency would take this nation which I made to my readers three years ago.
Nor has it, or does it give me any sense of either satisfaction or glee, to give you the joyless task of continually reporting where the destructive policies are taking US – everyone reading this, with very few exceptions; are not succeeding holding their heads above water. In fact, almost all of the people one meets are worst off now than they were three or four years ago.
The only people doing good today are those connected financially to this White House and the Eastern Liberal Establishment that has rigged every election for the last several decades. Regardless of who the people elect, Republican or Democrat; with the exception of Ronald Reagan who wasn’t one of them, every president we’ve had has been one of “them” and not one of US.
So, it is not surprising that the policies of subsequent administrations have been to promote whatever would further the goals of the elitists of the Eastern Liberal Establishment shadow government who hold the purse strings of just about every one of our politicians in both political parties. And since they’ve not been able to infiltrate and coop the TEA Party, because it is not a party but a grass roots movement of the American electorate who’ve had it with their games, they’ve gone all out to defame and discredit them, using their attack dogs in the media, liberal politicians, several members of the Congressional Black Caucus who are nothing more than drones of the DNC.
When this didn’t work, because – like the charges they’ve made against Herman Cain – are baseless; they’ve instead tried to equate the Marxist Soros-organized and funded Occupy Movements allied to this White House with them, as though the two were one and the same; which everyone knows they are not. One is a grass roots movement of concerned Americans, who made their voices heard in the 2010 elections all across this land; whereas the other is nothing more than a Soros creation with big union help, promoted by the same people within the DNC who mischaracterized and slandered the TEA Party as extremists and racists, but are now saying that the Occupiers are the voice of the American people, rather than a small but loud pressure group well organized with a few hundred in number across the country and in Europe and Israel; to make their numbers deceptively appear more than what they really are.
While some of their number may indeed be sincere people who’ve had it with the hedge fund crooks who’ve raided the American economy and amassed untold of wealthy practically overnight under the eyes of several administrations, including this one, while politicians who held important positions in key committees who were supposed to watch for this, turned a blind eye to it and well handsomely paid off; yes, while some are protesting these excesses and criminality, the movement is being now controlled and directed away and morphed into nothing more than a rally for this White House. A White House that has its fingers all over a number of scandals that the media is using these protests to obfuscate and hide from public view. These protests are being used to direct the public’s attention away from criminal activities being conducting from this White House, and the Herman Cain allegations are just the most recent actions along these lines. We you are seeing is nothing more than a three ring circus that is keeping you from seeing what is really going on above you, as everything is about to come crashing down on your head.
Recently, I received the following e-mail from Weiss Associates Investments, which I subscribe to. I warn you, what it has to say is not good. No it is not good news, and it concerns the banking system; the global banking system, and the banking system here in the US. This is what Martin Weiss, the investment expert had to say about something that just occurred in Europe, but went under the radar by the news media here:
Dear Investor,
A giant bank has just gone under.
It’s the biggest bank failure since the debt crisis of 2008-2009.
It’s so big, in fact, that its assets are actually LARGER than the total GDP of the country where it’s domiciled.
And this kind of failure is precisely what we’ve been warning you about in our new blockbuster video.
In this video, not only do we say what’s going to happen next, but also name the 10 giant U.S. banks that are most vulnerable to this banking crisis.
We urge you to click here to watch it now. With this huge new bank failure hitting the news, it’s more urgent than ever.
The bank that failed is Dexia, and the country is Belgium. But if you don’t live in Belgium ... and you think that fact makes this failure less relevant to your banks or to your investments, consider these shocking facts:
Shocking fact #1. Dexia was the world’s largest lender to municipal governments in the U.S. and overseas. So as the bank’s various pieces are chopped up and sold off to other institutions, it’s naturally going to be a lot tougher for municipalities to get financing.
Result: More belt tightening and job cuts at local governments everywhere.
Shocking fact #2. Dexia was one of many large banks that actually PASSED Europe’s official “stress tests” just three months ago.
And yet it’s the first to go down!? What does that tell us about the OTHER, even larger banks that supposedly passed the tests?
We're talking about giant banks loaded with bad loans like ...
• Italy’s UniCredit, which is 1.8 times larger than Dexia in terms of assets ...
• France’s Société Générale, which is more than double the size of Dexia ...
• France’s Credit Agricole, which is almost three times larger than Dexia ...
• And France’s BNP Paribas, nearly FOUR times larger than Dexia.
The big disconnect: The official stress tests let these banks lie through their teeth about their huge loans to Greece, Ireland, Portugal and other PIIGS countries.
Those loans are worth as little as 40 cents on the dollar on the market. And yet, in the recent stress tests, the banks were allowed to value them at 100 cents on the dollar!
Result: They also lied about their capital and their solvency!
This absurd — and deliberate — oversight by the banking regulators is widely known; and they’ve already been raked over the coals for it.
What’s not widely known is ...
Shocking fact #3. It wasn’t recognition of the bad PIIIGS loans that sunk Dexia. Even now, as Dexia is being split up and sold off, it’s STILL carrying those loans at full value on its books!
So what did sink Dexia?
It was a bank run — the sudden and mass withdrawal of its funding.
Moreover, the run on Dexia’s funds was not by consumers lining up on the street to pull out their deposits. Rather, it was by so-called “wholesale funding” sources — other big banks and institutional investors who can pull out hundreds of millions of euros and dollars with a simple click of the mouse.
What makes this truly shocking is that nearly ALL large banks in Europe — including many that supposedly passed the stress tests with flying colors — also depend very heavily on these same funding sources:
On average, they get nearly HALF of their money from these here-today-gone-tomorrow funding sources. That’s far MORE than they get from ordinary deposits.
Even Moody’s admits: “Until this problem is corrected, ‘fixing’ European banking is merely applying band-aids.”
And guess what! The promises made last night by France and Germany — to “recapitalize the banks” — do NOT fix this problem!
If anything, if France and Germany throw more good money after bad into saving these banks, it will merely sink their own finances, invite more ratings downgrades, cause bigger losses in sovereign bonds, and dig a deeper hole in the banks’ capital.
Shocking fact #4. Some of the largest U.S. banks, including Bank of America and JPMorgan Chase, are equally vulnerable, according to our analysis.
They’re loaded with toxic assets of their own. And to make matters worse, they have placed big bets with European banks.
We name them in this new video. Plus, give you a 6-step plan for protection and profit from this crisis. Click here, and it will begin playing on your screen right away.
Just bear in mind that the crisis is hitting right now. So time for protective action is running out.
Good luck!
Weiss Research, Inc.
In another report, I will detail precisely the tangled web of connections that tie the Bush Administration and the Obama Administration, going all of the way back to the Clinton White House, and how all of these were part and parcel of the worst economic debacle in history, and how many of the same players are still behind the curtain in this administration, continuing the failed practices with the same people on Wall Street and the big banksters, that will bring about what Martin Weiss has detailed above. Never in this nation’s history has there been such criminality in our government at this level and at this extent. The same people who promised US transparency and a stop to gutter politics have brought gutter politics and criminal behavior to the White House and the halls of congress, and the American people are paying for their misdeeds.
Because most of the history behind the events of the past three, six, and eight years will be recounted in the other report titled, A WATCHMAN'S WARNING TO AMERICA: Exporting America & How the New Great Depression Overtook the US & World, I will leave this report at this point and allow the news below to speak for itself.
In this report, I am outlining 9 Signs - 9 Evidences - 9 Woes - of America's decline, what they are, what in the news is the evidences of this condition, and therefore giving the reader the opportunity to take stock in it, and allow himself/herself to understanding that not all is as it appears, and there will be a great reckoning opon this country. The corruption is too great, the greed cannot be measured, it permeates every institution, and we are riddled with the worst collection of leaders this nation has ever had.
The ignorance and apathy are just too great, and for a moment, the TEA Party was and may again be that shining example of what is best in America, because it embodies the desires of every working class American regardless of race, party, religious affiliation, or national origin. Its beliefs transcend all of these because they are founded upon the bedrock of American Republicanism (not the party); individual responsibility/accountability, free speech, the right of assembly, the right to one’s religion, the sanctity of human life, the belief that every citizen, including our leaders, are not above the law, and are equal under the law, the belief that our rights come from G-d and not from man, and are protected equally under our Constitution from tyranny – be it the tyranny of man, and that such rights belong to the minority as well as to the majority under law, responsible and accountable leadership upholding the law and the Constitution of the United States, and protecting the rights of all of its citizens, and the conviction that these beliefs are not up for sale to anyone. Now what is so extreme and radical about such beliefs, I ask you? Of course you will answer, nothing, because these beliefs are enshrined in our Constitution and Bill of Rights, and our outlined in our Declaration of Independence.
We are riddled with the most corrupt politicians in the history of our nation, and the press is complicit in keeping silent about what they have done. It is criminally complicit in not reporting the activities of Barack Obama and his top lieutenants in much of the criminality at the top, and it is shameful to watch this president gallivanting across the country in a large bus campaigning to get reelected on tax payer’s expense, without addressing the economic ills of the country, while blaming the Republicans in congress for his policy failures the last three years. The ignorance of a good portion of our electorate and the machine politics of the inner cities, coupled with massive voter fraud; have given US the elected officials – not all of them, but a good many of them – that we have had in recent years, and this president. The corruption in government and the media complicity in not reporting it, is the evidence that like a cancer, this corruption has spread so far, that it may very well be too late for this country.
Even now, this president and many in both houses of congress allied to him, have misused their office to enrich themselves, their allies in the unions, and political allies in industry – too many to count here, but it is being investigated by congress, yes without the cooperation of the president’s party. This is more evidence of how great this corruption is; not a single principled leader among them to step out and speak up, and stop the corruption, not one! It is horrendous, and to watch Obama do practically whatever he wishes with impunity in violation of the law, even in contempt of congress, while the media and congress give him a free pass, is too much to take. It is heartbreaking.
But, while it is true Mr. Obama, that you can fool some of the people some of the time, and you may fool all of the people some of the time; it is equally true that you cannot fool all of the people all of the time.
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