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Jesse Ventura Might Run For President in 2012

Jesse Ventura Might Run For President in 2012

Carrie Dann
NBC
September 3, 2008

http://video.google.com/videoplay?docid=7816675266710286414&hl=en

Ron Paul supporters may have found a new champion.

In boisterous remarks at today’s Rally for the Republic, former Minnesota governor and professional wrestling personality Jesse Ventura suggested that he is open to a presidential run in 2012 if enthusiasm for “The Revolution” stays strong.

“If I see it over the next two to three years,” thundered Ventura at the conclusion of a speech to several thousand Ron Paul supporters in the Target Center in Minneapolis. “If I see it start to rise up and if this country shows me that it’s worth it for me, then maybe in 2012… .”

The crowd — which has raucously booed allusions to this year’s presidential candidates and cheered Paul’s hands-off ideals at the all-day rally today — burst into deafening applause at Ventura’s suggestion.

“I will be watching,” Ventura shouted over the ruckus. “If I see it, in 2012, we’ll give them a race they’ll never forget.”

Ventura’s prediction came at the end of remarks in which he questioned the U.S. government’s involvement in a 9/11 plot, lambasted the Patriot Act, and advocated for gun rights so that “if our government gets out of control, we have the ability to rise up and change it.” (He also prophesied success if such a citizen uprising against the U.S. government were to occur, saying “We threw everything we had at Vietnam, and they withstood it all.”)

Ventura, a third party candidate who unexpectedly catapulted to victory in the 1998 gubernatorial election, hopes to be a political figure in the mold of Rep. Ron Paul, whose grassroots movement garnered surprising support during the primary season.

The former Minnesota governor toyed with a run for U.S. Senate this year but chose not to at the eleventh hour; before his remarks today, he told reporters backstage that he made that decision by coin toss.

“I wrote the book “Don’t Start the Revolution Without Me,” Ventura told fans today, shortly before declaring his possible run in four years.

“Well, I’m here.”

Barr in attendance
For what it’s worth, per Steve Sinton, communications director for Libertarian presidential candidate Bob Barr, Barr was in the crowd this morning at the Ron Paul’s Rally for the Republic. He has left the building and will not be speaking.

That — says another spokesman for Barr — is at the request of the Paul campaign, who didn’t want “any presidential candidates” on the podium today.

Paul’s not endorsing Barr but this morning lauded the Libertarian candidate’s ideals and called him a “good spokesman.”


Jesse Ventura Voices 9/11 Truth At Rally For The Republic, Audience Chants “Inside job!”

http://www.youtube.com/watch?v=n0–tWE3-HE

 



Our $100 Trillion National Debt

Our $100 Trillion National Debt

Lew Rockwell
August 7, 2008

The “official” debt of the United States is only around $10 trillion dollars as of August 6, 2008. This is a manageable number; we could pay it off in a few decades if we quit buying luxuries like food and clothing, and take a few other minor economy measures. Unfortunately, the “$10 trillion” number was produced by government accounting, which among other things allows one to ignore Social Security, Medicare, and the new prescription drug benefit. This is like ignoring rent, food, and utilities in your household budget… it will lead to a few bounced checks. Our real debt is about ten times higher.

Who says so? The President of the Dallas Federal Reserve, Richard W. Fisher. In a May speech at the Commonwealth Club of California, he states that the US national debt is close to $100 trillion. You can read his whole speech at the Federal Reserve web site.

The Real Debt

Here is what he said regarding the actual US debt:

“Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon. Traditional Medicare composes about 69 percent, the new drug benefit roughly 17 percent and Social Security the remaining 14 percent.”

Interested readers will notice that the new prescription drug benefit is projected to be more fiscally crushing than all of Social Security.

Mr. Fisher points out that this $99.2 trillion will be a bit of a burden to pay off:

“Let’s say you and I and Bruce Ericson and every U.S. citizen who is alive today decided to fully address this unfunded liability through lump-sum payments from our own pocketbooks, so that all of us and all future generations could be secure in the knowledge that we and they would receive promised benefits in perpetuity. How much would we have to pay if we split the tab? Again, the math is painful. With a total population of 304 million, from infants to the elderly, the per-person payment to the federal treasury would come to $330,000. This comes to $1.3 million per family of four—over 25 times the average household’s income.”

You do have $1.3 million in your pocket, right? What, are you some kind of deadbeat?

Speaking of deadbeats, the “$99.2 trillion” estimate does not include the subprime bailout. So for those who like large round numbers, by the end of 2008 the real National Debt should be large, round, and about $100 trillion.

Read Full Article Here

Recent News:

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican
http://www.cnsnews.com/public/content/article.aspx?RsrcID=33574

U.S. crude futures fall below $112
http://www.earthtimes.org/articles/show/225..n-3-below-112.html

Home foreclosure filings up 55 percent in July
http://news.yahoo.com/s/nm/20080814/bs_nm/usa_foreclosures_dc

Subprime Losses Top $500 Billion on Writedowns
http://www.bloomberg.com/apps/ne..7&sid=aSKLfqh2qd9o&refer=worldwide

Foreclosure fallout: Houses go for a $1
http://www.detnews.com/apps/pbcs.dll..13/METRO/808130360

Federal budget deficit nearly tripled in July to $102.8 billion
http://www.usatoday.com/news/w..udget-deficit_N.htm?loc=interstitialskip

How to Conceal Massive Economic Collapse
http://www.congresscheck.com/20..to-conceal-massive-economic-collapse/

Inflation Highest Since 1991
http://www.ft.com/cms/s/0/a8b27794-6a04-11dd-83e8-0000779fd18c.html

Consumer Prices Rise At Double The Expected Rate
http://news.yahoo.com/s/ap/20..rvHZMh.hDDbWuXtRZZaJZJv24cA

1/3 Owe More On Homes Than They’re Worth
http://www.bloomberg.com/apps/n..id=a3uzhDOF9FXI&refer=worldwide

Greenspan sees house price bottom in 2009: report
http://www.reuters.com/article/ousiv/idUSN1350807020080814

GAO: Most U.S. Corporations Don’t Pay Income Taxes
http://www.roguegovernment.com/news.php?id=11377

FDIC Fund Strained By Bank Failures
http://www.bloomberg.com/apps/new..z7p4wU&refer=worldwide

Wachovia to close mortgage offices in 19 states
http://www.bizjournals.com/triad/stories/2008/08/11/daily11.html

UK home repossessions rise by 48%
http://news.bbc.co.uk/2/hi/business/7548877.stm

Europe teeters on the brink of recession
Fed: More Banks Tightening Lending Standards
Who Made 270 million On Collapse of Bear Stearns
EUR/USD Drops Towards $1.4639 Support
RBS slumps to £691m loss
Fannie Mae Posts Massive $2.3B Loss
Greenspan Says Federal Company Would Best Ease Crisis

U.S. Economic Collapse News Archive

 



Taxpayers Will Pay $800 BILLION For Failed Mortgage Lenders

Taxpayers Will Pay $800 BILLION For Failed Mortgage Lenders
House & Senate passes housing bailout bill H.R. 3221 (The American Housing Rescue & Foreclosure Prevention Act) by an overwhelming 272-152 vote, Bush will sign soon.

Youtube
July 24, 2008

Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt.

Also, slipped into the bill, was the stipulation that ALL credit card transactions must now be reported to the IRS.

http://www.youtube.com/watch?v=Wy6SlUpbnIU

Details of today’s housing bill by Dr. Ron Paul:

-$2.5B line of credit to the Treasury (Fannie & Freddie – ‘F & F’) is now “open-ended”

  • UNLIMITED – Treasury now allowed to buy all ‘F & F’ housing securities
  • Congress no longer involved in appropriating funds (Treasury now does)

-National Debt Ceiling Moved up $800 BILLION (buried in the bill)

Treasury Bills being exchanged for unwanted ‘F & F’ securities

  • This is the asset which “backs up our currency”
  • Value of these assets are depreciating
  • Treasuries have replaced gold and silver to back US Dollar

– Solution breeds inflation

  • Places pressure on the US Dollar

-Mortgage industry workers “will now have to be fingerprinted.

All credit card transactions will now be reported to the IRS.

 

Housing bailout bill – another $800 billion gift from the taxpayer to Wall Street

http://youtube.com/watch?v=TeWJZiJGc2s

Related News:

**RED ALERT** RAPE BY CONGRESS IMMINENT
http://market-ticker.denninger.net/archive..GRESS-IMMINENT.html

Investors worldwide are betting more than $1 trillion on a collapse in American stock prices
http://www.wakeupfromyourslumber.com/node/7529

Faber: Fannie, Freddie Should Not Get Aid
http://www.bloomberg.com/apps/n..&sid=a_L_tms03WSI&refer=home

Senate Passes Housing Bill
http://www.axcessnews.com/index.php/articles/show/id/16490

House OKs Fannie Freddie Bailout
http://news.yahoo.com/s/ap/200..Aujs0nZJn4G9TEm4v_o7vh.MwfIE

woman commits suicide as home foreclosed
http://www.norwichbulletin.com/new..suicide-as-home-foreclosed

Fannie and Freddie Own A Record $6.9 Billion Foreclosed Homes
http://www.economicpolicyjournal.co..d-freddie-own-record-69.html

U.S. Foreclosures Double
http://www.bloomberg.com/apps/news..87&sid=aomtw8.Pro2E&refer=home

IMF: U.S. Housing Overvalued By 20%
http://www.reuters.com/article/domesticNews/idUSN2542244220080726

California foreclosures up 261% from ‘07 levels
http://latimesblogs.latimes.com/laland/2008/07/cal-foreclosure.html

Freddie MAC CEO Paid $20 Million A Year
http://money.cnn.com/2008/0.._CEO.ap/index.htm?section=money_latest

Fannie, Freddie rescue pricetag could hit $25B
Housing report bruises Wall Street
Bank of China may hold huge US debt
Dems & Paulson Push Fannie/Freddie Bailout

 



OPEC Dumping the Dollar Means Iran War

OPEC dumping the dollar could be the real reason for a war with Iran

http://www.youtube.com/watch?v=EEpp9E6aJGw

Recent News:

California reaching $5.00 Gasoline, kids carpool with strangers
http://uk.reuters.com/article/motorin..NOA62976920080626

Federal Reserve leaves key interest rate at 2%
http://www.latimes.com/news/nationworld..un26,0,7851841.story

Kuwait Buying Up U.S. Infrastructure
http://biz.yahoo.com/ap/080624/kuwait_fund_us_banks.html?.v=1

U.S. Senate To Pass Bank Bailout Bill
http://apnews.myway.com/article/20080625/D91H2TT80.html

Bad economy cancels central Florida city’s 4th of July fireworks display
http://www.local6.com/money/16709180/detail.html

Utilities Cutting Off More Customers
http://www.usatoday.com/money/indu..ff-disconnect_N.htm

Suburbia Life Tougher Because Of Gas Prices
http://www.iht.com/articles/2008/06/24/business/exurbs.php

Oil prices ’will not come down’ says OPEC boss
http://www.telegraph.co.uk/mone..06/24/bcnoil124.xml

LA Seeing More People Living In Cars
http://www.breitbart.com/article.php?id=D91FV1E80&show_article=1

Economy on brink of recession, Greenspan says
http://www.reuters.com/article/businessNew..s&rpc=23&sp=true

OPEC talks: Saudi Arabia to boost oil output
http://www.telegraph.co.uk/news/m..oost-oil-output.html

IMF sees zero US growth in 2008
http://www.gulf-news.com/business/Economy/10222823.html

Few people are conscious of how the United States can use food as a political weapon
Big Shots Jump at Bilderberg’s Oil Orders
Paulson & Co. Says Writedowns May Reach $1.3 Trillion
Japan Offers Helping Hand To World Banks
Bush administration wants to give Federal Reserve more power

U.S. Economic Collapse News Archive

 



151 Congressmen Derive Financial Profit From War

151 Congressmen Derive Financial Profit From War

Ralph Forbes
American Free Press
April 28, 2008

Who profits from the Iraq war? More than a quarter of senators and congressmen have invested at least $196 million of their own money in companies doing business with the Department of Defense (DoD) that profit from the death and destruction in Iraq.

According to the latest reports, 151 members of Congress invested close to a quarter-billion in companies that received defense contracts of at least $5 million in 2006. These companies got more than $275.6 billion from the government in 2006, or $755 million per day, according to FedSpending.org, a website of the watchdog group OMBWatch.

Congressmen gave themselves a loophole so they only have to report their assets in broad ranges. Thus, they can be off as much as 160 percent. (Try giving the IRS an estimate like that.) In 2004, the first full year after the present Iraq war began, Republican and Democratic lawmakers—both hawks and doves—invested between $74.9 million and $161.3 million in companies under contract with the DoD. In 2006 Democrats had at least $3.7 million invested in the defense sector alone, compared to the Republicans’ “only” $577,500. As the war raged on, so did the billions of profits—and personal investments by Congress members in war contractors, which increased 5 percent from 2004 to 2006.

Investments in these contractors yielded Congress members between $15.8 million and $62 million in personal income from 2004 through 2006, through dividends, capital gains, royalties and interest. Sen. John Kerry (D-Mass.) and Rep. James Sensenbrenner (R-Wis.), who are two of Congress’s wealthiest members, were among the lawmakers who garnered the most income from war contractors between 2004 and 2006: Sensenbrenner got at least $3.2 million and Kerry reaped at least $2.6 million.

Members of the Senate Foreign Relations and Armed Services committees which oversee the Iraq war had between $32 million and $44 million invested in companies with DoD contracts.

War hawk Sen. Joe Lieberman (IConn.), chairman of the defense-related
Senate Homeland Security and Governmental Affairs Committee, had at least $51,000 invested in these companies in 2006.

Sen. Hillary Clinton (D-N.Y.), who voted for Bush’s war, had stock in defense companies, such as Honeywell, Boeing and Raytheon, but sold the stock in May 2007.

Of the 151 members whose investments are tied to the “defense” (war)
industry, as far as we know, not one of them offered to donate their bloodstained profits to the national treasury to offset the terrible debt they have imposed. Has one of them even offered to donate one cent of their war profits to lessen the debt that increases more than $1 million a minute?

When our boys and girls are wounded the government bills them to return their reenlistment bonus. They have to return any pay they received while they were hospitalized. They have to pay for their helmets and uniforms that are destroyed in the hell of war. But they keep on fighting for these politicians’ right to keep their war profits.

• Sen. John Kerry (D-Mass.) $3,001,006 to $5,015,001
• Sen. Tom Harkin (D-Iowa) $250,001 to $500,000
• Rep. Kenny Ewell Marchant (R-Tex.) $162,074 to $162,074
• Rep. Carolyn B. Maloney (D-N.Y.) $115,002 to $300,000
• Rep. Rodney Frelinghuysen (R-N.J.) $115,002 to $300,000
• Rep. Shelley Berkley (D-Nev.) $100,870 to $100,870
• Rep. James Sensenbrenner Jr. (R-Wis.) $65,646 to $65,646
• Sen. Jeff Bingaman (D-N.M.) $50,008 to $227,000
• Rep. Sam Farr (D-Calif.) $50,001 to $100,000
• Rep. Stephen Ira Cohen (D-Tenn.) $45,003 to $150,000

 



Government May Use Steel Pennies

Government May Use Steel Pennies

News Day
March 13, 2008

No more penny for your thoughts. It’s 1.7 cents. And start thinking more of the nickel, because it’s worth a dime.

Those are the U.S. Treasury costs of minting the penny and nickel, thanks to metal prices shooting up by as much as 450 percent since 2003. With congressional lawmakers trying to right the lopsided ledger of making money, the pennies in your purse may soon be made of steel but treated to retain the copper color.

“Never before in our nation’s history has the government spent more money to mint and issue a coin than the coin’s legal tender value,” Edmund Moy, director of the United States Mint, wrote in testimony submitted at Tuesday’s hearing before the House Financial Services Committee’s panel on monetary policy.

“With each new penny and nickel we issue, we also increase the national debt by almost as much as the coin is worth, and these losses are rapidly mounting.”

Changing the metals or the percentage mix in coins could save the Treasury about $30 million a year for the penny and $70 million for the nickel under the proposed Coin Modernization and Taxpayer Savings Act of 2008, supporters said.

The bill would give the Treasury the flexibility to revamp the metal and weight makeup of all coins in response to metal prices. It would require the department to immediately stem losses over the one-cent coin by making pennies primarily of steel within 180 days of the law’s passage.

Read Full Article Here