Filed under: bailout, bank bailout, Barack Obama, Big Banks, chris dodd, Dictatorship, dodd bill, Economic Collapse, economic crisis, Economy, Empire, Goldman Sachs, government regulation, Great Depression, job market, obama, obama deception, SEC, small business, Taxpayers, unemployment, US Economy, Wall Street | Tags: bailout authority, brad sherman, David Vitter, small business, startups, venture capital investing
Dodd Bill KILLS Jobs, Creates Permanent Bailout
NoWorldSystem.com
April 21, 2010
Today, Obama promoted another government takeover bill, this time the financial sector is the target. The bill is basically a sweetheart deal for the banking industry, much like how ObamaCare was a bailout for the insurance companies. The 1,408 page bill includes many provisions like the creation of a permanent and unlimited bailout authority for Wall Street and has the potential for making it difficult for small businesses to succeed.
Obama claims the bill will “put a stop to tax-payer-funded bailouts” when in reality the bill will create a permanent and unlimited bailout mechanism for the big banks and companies that are ‘too big to fail’. “If you liked the bailouts in 2008, you’ll love the Dodd bill,” said Republican Senator David Vitter. “Congressional Democrats and the Obama Administration want to create a permanent bailout mechanism all while spouting their rhetoric of getting tough on Wall Street, but if you look at who is already lining up to support their ‘reform’ measure it’s a who’s who of the big banks that have already received the taxpayer bailout the first time.”
Democrat Congressman Brad Sherman agrees: “There are serious problems with the Dodd bill. The Dodd bill has unlimited executive bailout authority. That’s something Wall Street desperately wants but doesn’t dare ask for.”
The rhetoric by Obama today is just another example of how he slaps the hands of Wall Street to only make sure they prosper on tax-payer-funded bailouts by giving them complete authority. Not only that, but this bill will break the back of small business by placing restrictions on venture capital investing making it harder for small startup businesses to succeed.
Here are a few quotes from a Venture Beat article:
- “First, Dodd’s bill would require startups raising funding to register with the Securities and Exchange Commission, and then wait 120 days for the SEC to review their filing. A second provision raises the wealth requirements for an “accredited investor” who can invest in startups – if the bill passes, investors would need assets of more than $2.3 million (up from $1 million) or income of more than $450,000 (up from $250,000). The third restriction removes the federal pre-emption allowing angel and venture financing in the United States to follow federal regulations, rather than face different rules between states.”
“Obviously, I’m deeply concerned about Senator Dodd’s proposal to place these restrictions on angel investing. I think angel investing is undeniably one of the largest engines for job creation as well as innovation and competitiveness on the global scale for the United States. There’s no doubt about it that the restrictions that he’s proposing would absolutely chill investing.
“Specifically, one of the things we need to take into account is while 10 years ago it may have taken years to build a company, companies are now built in a matter of weeks. So this 120-day waiting period is frankly ridiculous. I have companies with tens of thousands and hundreds of thousands of users that are built in a matter of weeks. They’re generating actual dollars of revenue, creating jobs, investing in real estate office space, capital equipment, etc. If they had to wait 120 days to actually apply for the ability to obtain financing it would absolutely just crush that market.”
Obama is one of the biggest puppets for Wall Street, despite all the rhetoric he uses against them. Obama’s greatest allies are the big banks and most of his important constituents are wall street financiers. In 2008, Obama’s campaign was mostly funded by Wall Street, banks like AIG, JPMorgan and Goldman Sachs all played a major financial role for his presidency taking in $15 million from securities and investment firms, $3 million from commercial banks, and $6 million from other financial institutions.
Obama and the Democrats in Congress will try to rush this bill in before the American people have the chance to find out what’s in it. Just like ObamaCare, they will use non-transparent and secretive tactics to make sure it becomes law. The bill is likely to hit the floor of the Senate as early as next week.
Why The Dodd Finance Bill Is Bad For America
Is Goldman Obama’s Enron? No, it’s worse
Will Obama Return $994,795 In Goldman Sachs Campaign Contributions?
Obama Now Pushing Sneaky Wall Street Bailout
Obama-Dodd financial bill would further enrich Goldman Sachs
Filed under: Credit Crisis, DEBT, devaluation, Dollar, dollar collapse, dollar drop, dollar dump, Economic Collapse, economic depression, Economy, Federal Reserve, forecast, global economy, gold, Great Depression, Greenback, housing market, hyperinflation, Inflation, peter schiff, predictions, Stock Market, unemployment, US Economy, Wall Street
Schiff: No Economic Recovery in 2010
Filed under: Big Banks, central bank, Credit Crisis, DEBT, depression, despotism, Dictatorship, Economic Collapse, economic depression, Economy, Empire, Great Depression, housing bubble, housing market, hyperinflation, Inflation, job market, main street, middle class, mortgage crisis, Stock Market, unemployment, US Economy, Wall Street
No Jobs for The Next Ten Years?
Daily Bell
December 30, 2009
The decade ahead could be a brutal one for America’s unemployed – and for people with jobs hoping for pay raises. At best, it could take until the middle of the decade for the nation to generate enough jobs to drive down the unemployment rate to a normal 5 or 6 percent and keep it there. At worst, that won’t happen until much later – perhaps not until the next decade. The deepest and most enduring recession since the 1930s has battered America’s work force. The unemployed number 15.4 million. The jobless rate is 10 percent. More than 7 million jobs have vanished. People out of work at least six months number a record 5.9 million. And household income, adjusted for inflation, has shrunk in the past decade. Most economists say it could take until at least until 2015 for the unemployment rate to drop down to a historically more normal 5.5 percent. And with the job market likely to stay weak, some also foresee another decade of wage stagnation. Even though the economy will likely keep growing, the pace is expected to be plodding. That will make employers reluctant to hire. Further contributing to high unemployment is the likelihood of more people competing for jobs, baby boomers delaying retirement and interest rates edging higher. All this would come after a decade that created relatively few jobs: a net total of just 464,000. By contrast, 21.7 million new jobs were generated between 1989 and 1999. – Huffington Post
Dominant Social Theme: It’s looking grim?
Free-Market Analysis: There are a lot of statistics cited in this article but like many articles with a mainstream tone, most of them are besides-the-point or shed little illumination about what is going on. First of all the jobless rate in America is closer to 20-30 percent, we figure, when you throw in everyone who wants to work but can’t find work, even part-time work. And second, we distrust the other unemployment figures cited in this article. Finally, we look in vain for a reason as to why all this is happening. Can we find it somewhere else in the body of the article? Here’s some more:
That’s mainly because the economy’s recovery, sluggish by historical standards, isn’t expected to regain its vigor over the next few years. As a result, companies will be in no rush to ramp up hiring. Other analysts think the economy will recover the jobs wiped out by the recession by 2013 or 2014 but that the unemployment rate will stay high. They note that the healing economy will cause more people to stream back into the labor force, vying for too-few jobs.
In addition, baby boomers whose retirement accounts have shrunk could put off retiring and stay in the work force longer. That would leave fewer positions available for the unemployed. Other contributing forces – businesses squeezing more work from employees they still have and relying more on part-time and overseas help – have intensified. And record-high federal budget deficits and the threat of inflation could drive up interest rates, which could hobble growth and restrict job creation. All those factors could combine to keep unemployment high.
“It will be the mother of all jobless recoveries,” predicts economic historian John Steel Gordon. On the other hand, it’s possible some technological innovation not yet envisioned could generate a wave of jobs. Yet at the moment, most economists aren’t betting that any such breakthroughs will rescue the labor market.
The last time the jobless rate reached double digits, in the early 1980s, it took six years to bring it down to normal levels.
Unemployment hit a post-World War II high of 10.8 percent at the end of 1982 as the country was emerging from a severe recession. The rate fell to around 5 percent in 1988. It took less than two years for the number of jobs to return to its pre-recession level. In this recovery, the economy is far more fragile. Hard-to-get credit is exerting a drag. Wounds from the banking system’s worst crisis since the Great Depression will take years to fully heal. People and companies, scarred by the crisis, are likely to restrain borrowing, spending and investing.
From our perspective this article does what all such articles do, it describes what’s going on without explaining anything. You can read the whole article, and you’ll never come up with a reason why 20 percent or more of America is unemployed. Is it because people are lazy? They don’t want jobs even though they pretend they do?
We would write the article differently. We would start by explaining that for the past 100 years America’s manufacturing might has been disintegrating even though the country has looked relatively healthy. But the combination of the income tax and central banking, introduced in the ‘teens, has robbed the country of its industrial muscle. Many big companies have moved away rather than be subject to the income tax. And employees have given up productive trade and agricultural jobs to chase after the latest Fed-stimulated bubble. The tech sector looked attractive in the 1990s, and the mortgage business was great during the 2000s. But neither business lasted because they weren’t real. They were the chaff of central bank monetary stimulation.
The income tax and central banking have hollowed out American industrial capacity. This is the reason that jobs will not return to America – and the world – for a long time. It wasn’t enough by the way that all this happened over a period of nearly 100 years now, but every time there’s a cyclical bust, the West stimulates – throws good money after bad that only prolongs the agony by confusing the market signals that the economy would otherwise present to rational investors.
Conclusion: Deprived of market signals, investors have a hard time determining what’s an efficient business and what is not. They’ve decided, with considerable reason, that too-big-too-fail banks are probably a good investment. Well, this may be so, but it does nothing for the larger economy. Putting good money after bad into these large fiat-money sinkholes only retards real innovation and sets the economy up for another bout of inflationary bleeding and boom-bust madness. What’s needed is a return to a private market gold-and-silver standard that will provide real feedback to those who want to purchase equity in winning entrepreneurial companies. See, it’s not hard to explain, but for some reason, the story just doesn’t get told, certainly not in the mainstream press.
Filed under: DEBT, depression, despotism, devaluation, Dictatorship, Dollar, dollar collapse, dollar dump, Economic Collapse, economic depression, Empire, GDP, Great Depression, Greenback, health care reform, hyperinflation, Inflation, john williams, middle class, obama care, obamacare, riot, unemployment, Weimar, Zimbabwe
U.S. Halfway to Depression Level
ShadowStats.com founder John Williams explains the risk of hyperinflation. Worst-case scenario? Rioting in the streets and devolution to a bartering system.
Fairfield Weekly
December 31, 2009
Do you believe everything the government tells you? Economist and statistician John Williams sure doesn’t. Williams, who has consulted for individuals and Fortune 500 companies, now uncovers the truth behind the U.S. government’s economic numbers on his Web site at ShadowStats.com. Williams says, over the last several decades, the feds have been infusing their data with optimistic biases to make the economy seem far rosier than it really is. His site reruns the numbers using the original methodology. What he found was not good.
Maymin: So we are technically bankrupt?
Williams: Yes, and when countries are in that state, what they usually do is rev up the printing presses and print the money they need to meet their obligations. And that creates inflation, hyperinflation, and makes the currency worthless.
Obama says America will go bankrupt if Congress doesn’t pass the health care bill.
Well, it’s going to go bankrupt if they do pass the health care bill, too, but at least he’s thinking about it. He talks about it publicly, which is one thing prior administrations refused to do. Give him credit for that. But what he’s setting up with this health care system will just accelerate the process.
Where are we right now?
In terms of the GDP, we are about halfway to depression level. If you look at retail sales, industrial production, we are already well into depressionary. If you look at things such as the housing industry, the new orders for durable goods we are in Great Depression territory. If we have hyperinflation, which I see coming not too far down the road, that would be so disruptive to our system that it would result in the cessation of many levels of normal economic commerce, and that would throw us into a great depression, and one worse than was seen in the 1930s.
What kind of hyperinflation are we talking about?
I am talking something like you saw with the Weimar Republic of the 1930s. There the currency became worthless enough that people used it actually as toilet paper or wallpaper. You could go to a fine restaurant and have an expensive dinner and order an expensive bottle of wine. The next morning that empty bottle of wine is worth more as scrap glass than it had been the night before filled with expensive wine.
We just saw an extreme example in Zimbabwe. … Probably the most extreme hyperinflation that anyone has ever seen. At the same time, you still had a functioning, albeit troubled, Zimbabwe economy. How could that be? They had a workable backup system of a black market in U.S. dollars. We don’t have a backup system of anything. Our system, with its heavy dependence on electronic currency, in a hyperinflation would not do well. It would probably cease to function very quickly. You could have disruptions in supply chains to food stores. The economy would devolve into something like a barter system until they came up with a replacement global currency.
Filed under: 60 minutes, austan goolsbee, bailout, bank bailout, Barack Obama, bernanke, Big Banks, bob rubin, CBS, citigroup, Congress, Credit Crisis, DEBT, deregulation, devaluation, Dictatorship, Dollar, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, free market, gangsters, geithner, Goldman Sachs, Great Depression, Greenback, House, hyperinflation, hypocrisy, Inflation, Jamie Rubin, larry summers, mafia, main street, middle class, obama, obama bailout, obama deception, oligarchy, Paul Volcker, Propaganda, Robert Rubin, Senate, socialism, Stock Market, Taxpayers, Timothy Geithner, Too Big to Fail, unemployment, US Economy, Wall Street, White House | Tags: Matt Taibbi
Obama’s Bullshit-Meter Off The Charts:
“I did not run for office to be helping out a bunch of fat cat bankers on Wall Street”
Zero Hedge
December 13, 2009
Obama goes back to his Wall Street-bashing rhetoric in today’s 60 Minutes on CBS, after he has already doomed this country to tens of trillions in excess debt to make sure that Wall Street not only thrives, but prospers, courtesy of Bernanke’s vertical bond curve and the daily destruction of the dollar. With statements such as “I did not run for office to be helping out a bunch of fat cat bankers on Wall Street” which the WSJ disclosed will be uttered by Obama shortly, only the most clueless viewers will find empathy with Obama’s latest message of banker “anti-hope.”
White House economic adviser Larry Summers also voiced aggravation with Wall Street on Sunday. “Here is what I think they don’t get…It was their irresponsible risk-taking in many cases that brought the economy to collapse,” Mr. Summers, who chairs the National Economic Council, said on CNN’s “State of the Union.”
“And they don’t get in some cases that they wouldn’t be where they are today, and they certainly would not be paying the bonuses they are paying today, if their government hadn’t taken extraordinary actions.”
“For them to be complaining about serious regulation directed at making sure this never happens again is wrong. For $300 million to be spent on lobbyists trying to gut serious efforts at financial reform is not how this country should be operating,” Mr. Summers said. “For firms that have benefited from taxpayer support to be complaining about the government burdening them is, frankly, a bit rich.”
And it is not only Obama, but Wall Street protege Larry Summer himself who continues the banker bashing:
- White House economic adviser Larry Summers also voiced aggravation with Wall Street on Sunday. “Here is what I think they don’t get…It was their irresponsible risk-taking in many cases that brought the economy to collapse,” Mr. Summers, who chairs the National Economic Council, said on CNN’s “State of the Union.”
“And they don’t get in some cases that they wouldn’t be where they are today, and they certainly would not be paying the bonuses they are paying today, if their government hadn’t taken extraordinary actions.”
“For them to be complaining about serious regulation directed at making sure this never happens again is wrong. For $300 million to be spent on lobbyists trying to gut serious efforts at financial reform is not how this country should be operating,” Mr. Summers said. “For firms that have benefited from taxpayer support to be complaining about the government burdening them is, frankly, a bit rich.”
First you bail them out, and now you bash them? It is one thing to dash criticism upon rhetoric but at least be consistent. If people can not read between the lines of this administration’s endless hypocrisy, they deserve all they get. And if Matt Taibbi’s latest controversial piece in Rolling Stone “Obama’s Big Sellout” needed any final validation, you just provided it Mr. President. Because while your Wall Street-centric policies can be explained by your lack of financial comprehension and private-sector experience (thereby justifying your desire to be “advised” by those who are an integral part of the banker syndicate), your complete disdain for the average American’s intellectual level exemplified by your most recent, upcoming 7 pm TV appearance is what is truly insulting. Maybe you can put Mr. Geithner up there next to you on the TV screen, and he can justify his reasoning for why incremental “fat cat” bonuses are such a bad idea. Come to think of it, why not make it into a round table, and include Larry Summer and Robert Rubin: we are confident they will have no problem distancing themselves from the very bankers they talk to 10 hours a day, telling them (and thus you) how to run national policy.
You say “Some people on Wall Street still don’t get it”… The problem, Mr. President, is that more and more people on Main Street, do get it. They now realize just whose agenda you have at heart. And said Main Street expects nothing but merely more theatrics during your upcoming meeting with Wall Street “fat cats” tomorrow.
Obama’s sellout to Wall Street creates ‘permanent bailout’
Obama turns to Big Bankers for campaign cash
WSWS
October 21, 2009
Under conditions of growing unemployment and deepening social misery for working people throughout the US, President Barack Obama flew into New York City Tuesday to raise millions of dollars in campaign donations from America’s financial elite.
He was expected to clear at least $3 million, largely from a Manhattan bash with an entry fee of $30,400 per couple—the maximum contribution allowed by law.
According to the Los Angeles Times, four of the seven co-chairs of the event and about a third of the guests come from the big banks and Wall Street.
Behind all the rhetoric about “change,” this is Obama’s most important constituency. In his run for the presidency in 2008, he captured the lion’s share of donations from Wall Street, taking in $15 million from securities and investment firms, $3 million from commercial banks, and $6 million from other financial institutions.
Under conditions of growing unemployment and deepening social misery for working people throughout the US, President Barack Obama flew into New York City Tuesday to raise millions of dollars in campaign donations from America’s financial elite.
He was expected to clear at least $3 million, largely from a Manhattan bash with an entry fee of $30,400 per couple—the maximum contribution allowed by law.
According to the Los Angeles Times, four of the seven co-chairs of the event and about a third of the guests come from the big banks and Wall Street.
Behind all the rhetoric about “change,” this is Obama’s most important constituency. In his run for the presidency in 2008, he captured the lion’s share of donations from Wall Street, taking in $15 million from securities and investment firms, $3 million from commercial banks, and $6 million from other financial institutions.
Top contributors to Obama and McCain are big banks
Filed under: Credit Crisis, DEBT, depression, dollar collapse, dollar dump, Economic Collapse, economic depression, Economy, Great Depression, Greenback, hyperinflation, Inflation, job market, main street, middle class, recession, Stock Market, Taxpayers, unemployment, US Economy, Wall Street
Animated US Map Shows Startling Growth of Unemployment
Filed under: Barack Obama, bernanke, Big Banks, China, Credit Crisis, death of u.s. economy, DEBT, deflation, devaluation, Dollar, dollar collapse, dollar dump, Economic Collapse, economic depression, Economy, economy collapse, Euro, Federal Reserve, fiat currency, food market, global economy, gold, gold standard, Great Depression, Greenback, housing market, hyperinflation, imf, Inflation, interest rate cuts, job market, latin america, liquidity, obama, Oppression, peter schiff, private banks, rate cut, silver, stock exchange, Stock Market, subprime, subprime lending, unemployment, US Economy, Wall Street, weimar republic, World Bank, Yen, Zimbabwe
Peter Schiff: Get out of the U.S. Dollar NOW
Filed under: 2-party system, 2008 Election, bailout, Barack Obama, big bankers, Big Banks, campaign contribution, Credit Crisis, DEBT, deflation, Dictatorship, Dollar, Economic Collapse, economic depression, Economy, Empire, Fascism, global economy, Great Depression, Greenback, House, hyperinflation, Inflation, John McCain, left right paradigm, middle class, Neolibs, New York, obama, socialism, Stock Market, Taxpayers, unemployment, US Economy, Wall Street
Obama turns to Big Bankers for campaign cash
WSWS
October 21, 2009
Under conditions of growing unemployment and deepening social misery for working people throughout the US, President Barack Obama flew into New York City Tuesday to raise millions of dollars in campaign donations from America’s financial elite.
He was expected to clear at least $3 million, largely from a Manhattan bash with an entry fee of $30,400 per couple—the maximum contribution allowed by law.
According to the Los Angeles Times, four of the seven co-chairs of the event and about a third of the guests come from the big banks and Wall Street.
Behind all the rhetoric about “change,” this is Obama’s most important constituency. In his run for the presidency in 2008, he captured the lion’s share of donations from Wall Street, taking in $15 million from securities and investment firms, $3 million from commercial banks, and $6 million from other financial institutions.
Filed under: big pharma, Bio Weapons, biological warfare, deadly vaccinations, deadly vaccines, Dissent, forced vaccinations, h1n1, h1n1 clinic, h1n1 vaccine, health and environment, health care providers, health care workers, hospitals, Human Experiments, human rights, influenza, innoculation, mandatory vaccinations, medical industrial complex, New York, Pennsylvania, Protest, supreme court, swine flu, swine flu vaccine, unemployment, vaccinations, Vaccine | Tags: Richard Daines, sue field
Judge Halts Mandatory Vaccinations For Health Workers
New York Health Care Employees Won’t Be Forced To Get H1N1 Vaccine…For Now
CBS
October 16, 2009
Health care workers in New York will no longer be forced to get the H1N1 swine flu vaccine, CBS 2 has learned.
A state Supreme Court judge issued a restraining order Friday against the state from enforcing the controversial mandatory vaccination.
The order came as the Public Employees Federation sued to reverse a policy requiring vaccination against the seasonal and swine flu viruses, arguing that state Health Commissioner Richard Daines overstepped his authority.
Three parties – the Public Employees Federaion, New York State United Teachers, and an attorney representing four Albany nurses – challenged the order and for now the vaccination for nurses, doctors, aides, and non-medical staff members who might be in a patient’s room will remain voluntary.
The health department had said the workers must be vaccinated by November 30 or face possible disciplinary action, including dismissal. PEF said it encourages members to get flu vaccinations, but opposes the emergency regulation requiring the vaccine as a condition of employment.
A judge granted a temporary restraining order Friday morning, PEF spokeswoman Debbie Miles said. A court hearing is scheduled for October 30.
New York was the first state in the country to initially mandate flu vaccinations for its health care workers, but many health care workers quickly protested against the ruling. In Hauppauge, workers outside a local clinic screamed “No forced shots!” when the mandate came down at the end of September.
“I don’t even tend to the sick. I am in the nutrition field. They are telling me I must get the shot because I work in a health clinic setting,” said Paula Small, a Women, Infants and Children health care worker.
Small said she would refuse to be vaccinate, worried the vaccine is untested and unproven, leaving her vulnerable. In 1976, there were some deaths associated with a swine flu vaccination.
Registered nurse Frank Mannino, 50, was also angry. He said the state regulation violates his personal freedom and civil rights.
“And now I will lose my job if I don’t take the regular flu shot or the swine flu shot.”
When asked if he’s willing to lose his job, Mannino said, “Absolutely. I will not take it, will not be forced. This is still America.”
The protest also shook Albany. Hundreds of demonstrators demanded freedom of choice. After all, as health care professionals, they argue they’re already constantly washing their hands and aren’t likely to transmit or contract the flu.
Around 500,000 health care workers would have been slated to receive the vaccine
“It’s certainly their prerogative to voice their opinion,” said Dr. Susan Donelan of Stony Brook University Hospital.
Donelan said most in the medical community see the benefits and safety of the shots and welcome them, and that hospitals must obey the law.
“Our hospital is committed to following the mandate to have our personnel vaccinated,” she said.
The state said change was needed this year to save lives. Typically only about 45 percent of health care workers take advantage of voluntary flu vaccines.
More than 150 institutional outbreaks of seasonal and H1N1 flu are expected this year in hospitals, nursing homes and hospice centers.
There is also a strong resistance to the vaccine from the general public. A new Harvard University poll shows that only four in 10 adults intend to take the vaccine themselves, and only six in 10 plan to give it to their children.
NY Nurse Sues To Block Mandatory Flu Vaccines
Filed under: Al Gore, alarmism, alarmist, cap-and-trade, carbon credit system, carbon credits, carbon dioxide, Carbon Tax, climate change, Co2, Congress, Dictatorship, Empire, energy, environmental taxation, food market, food prices, food tax, gas prices, gas tax, global tax, Global Warming, global warming deception, gore, gore deception, Hoax, House, HR 2454, hype, hysteria, MIT, Neolibs, paul broun, scam, Senate, tax, Taxpayers, unemployment
Broun: Man Made Climate Change Is A Hoax
Filed under: 1st amendment, civil disobedience, civil rights, Credit Crisis, DEBT, deflation, DHS, Dictatorship, Dissent, Dollar, domestic terror, domestic terrorism, Economic Collapse, economic depression, Economy, Empire, Fascism, free speech, g20, gerald celente, global economy, Great Depression, Greenback, health and environment, Homeland Security, human rights, hyperinflation, Inflation, intimidation, intimidation tactics, Iraq, kettling, LRAD, Martial Law, militarization, Military, Military Industrial Complex, military weapons, mlitary, Nazi, nazi germany, Operation Steel Kickoff, Oppression, Pennsylvania, Pittsburgh, Pittsburgh g20 summit, pittsburgh police department, Pittsburgh summit, Pittsburgh summit 2009, police brutality, Police State, Protest, riot squads, State Sponsored Terrorism, Stock Market, super weapons, swat, tax, Taxpayers, unemployment, urban warfare, US Constitution, US Economy, Wall Street, War On Terror | Tags: securities and exchange commission
DHS Doles Out Fed Cash to Deploy Military LRADs in U.S. Cities
Kurt Nimmo
Infowars
October 3, 2009
The LRAD devices used against protesters and the residents of Pittsburgh last month were a beta test for things to come. As reported by the Washington Times on October 1, the Department of Homeland Security is doling out federal money to get police departments around the country stocked up on the LRAD weapons.
“With the help of Homeland Security grants, police departments nationwide looking to subdue unruly crowds and political protesters are purchasing a high-tech device originally used by the military to repel battlefield insurgents and Somali pirates with piercing noise capable of damaging hearing,” write Jerry Seper and Chuck Neubauer.
According to San Diego-based American Technology Corp., the company that makes the devices, LRADs are not weapons. American Technology insists LRADs are to be used in order to “influence the behavior and gain compliance” from people.
“It is designed to get people to do what police want. It makes them uncomfortable but does not hurt them,” he said Raymond DeMichiei, Pittsburgh’s deputy director of emergency management and homeland security.
In other words, as was the case in Pittsburgh, LRADs will be used prevent people from engaging in the First Amendment and the right to peacefully assembly and protest government policies.
American Technology stated in a Securities and Exchange Commission filing in September 2008 that the device is “capable of sufficient acoustic output to cause damage to human hearing or human health,” expressing concern that its misuse could lead to lawsuits. It is said the decibel range of the LRAD used in Pittsburgh was similar to standing next to an exploding IED.
“The association said that at 130 to 140 decibels, damage to the ear can be instantaneous, adding that the 145 to 151 range of the LRADS is ‘the kind of sound that can cause tinnitus and hearing damage immediately.’ Tinnitus is a condition that causes ringing in the ears, sometimes permanently,” the Times reports.
Trends forecaster Gerald Celente has an uncanny ability to predict the future. In 1987, he predicted the stock market crash and the fall of the Soviet Union. In November of last year he predicted revolution in America, food riots, tax rebellions, and angry people taking to the streets as the economy implodes and the nation is wracked by mass unemployment.
“America’s going to go through a transition the likes of which no one is prepared for,” said Celente.
It looks like the government will be prepared — to assault the desperate hordes that will gather and make demands on the government — and that is why the Department of Homeland Security is doling out wads of cash to militarized and federalized cops around the country for high-tech weapons.
Filed under: albany, big pharma, Bio Weapons, biological warfare, CDC, deadly vaccinations, deadly vaccines, Dissent, Eugenics, flu shot, flu vaccine, forced vaccinations, Fox News, free speech, Genocide, h1n1, h1n1 clinic, h1n1 vaccine, health and environment, health care providers, health care workers, Human Experiments, human rights, immune system, immunization, influenza, influenza vaccine, innoculation, mandatory vaccinations, Media, medical Experiments, medical industrial complex, Mercury, New York, Pandemic Influenza, pandemic vaccine, Population Control, Propaganda, Protest, shepard smith, super weapons, swine flu, swine flu pandemic, swine flu vaccine, Thimerosal, toxic vaccines, toxicity, unemployment, US Constitution, vaccinations, Vaccine | Tags: nurse protest, sue field
Fox News’ Shepard Smith: Trust The Government And Get Injected
Filed under: albany, Australia, autism, autoimmune disease, Barack Obama, belgium, big pharma, Bio Weapons, biological warfare, California, Canada, Child Abuse, deadly vaccinations, deadly vaccines, Dissent, Eugenics, firefighters, florida, forced vaccinations, France, Genocide, Guillain-Barré syndrome, h1n1, h1n1 clinic, h1n1 vaccine, h5n1, health and environment, health care providers, health care workers, Human Experiments, human rights, influenza, innoculation, Iowa, Maine, mandatory vaccinations, maryland, Massachusetts, medical Experiments, medical industrial complex, Mercury, nebraska, New York, obama, obama deception, ohio, Oppression, Pandemic Influenza, pandemic virus, Population Control, Protest, seizures, squalene, squaline, swine flu, swine flu pandemic, swine flu vaccine, Texas, Thimerosal, unemployment, vaccinations, Vaccine, virginia, virus pandemic, wisconsin | Tags: HCA, Home Care Association, New York State Department of Health, northeast health, Northeast Health in Albany New York
Editors note: Health care workers in California, Florida, Iowa, Maine, Massachusetts, Maryland, Nebraska, Ohio, Texas, Virginia and Wisconsin will also be forced to take the flu shot or face unemployment.
Daycare Worker Told She’ll Be Fired For Refusing Mandatory Flu Shot
Paul Joseph Watson
Prison Planet.com
September 22, 2009
A daycare worker employed by Northeast Health in Albany New York was shocked to be told by her boss that she would be fired if she refused to take a seasonal swine flu shot on the spot. Similar stories have been pouring in to us from all over the country as fears that the upcoming H1N1 shot will also be mandatory continue to grow.
The case emphasizes why President Obama’s claim that the swine flu shot will be voluntary is completely deceptive and misleading. Americans across the country, even those not directly connected with health care work, are being ordered to take the mandated seasonal and swine flu shots or lose their jobs.
The story of what happened to the daycare worker, who would like to go by the pseudonym “Clare,” was sent to us by her sister who also provided Clare’s real name and the full name of the facility she is employed with.
Clare works in a daycare center which is affiliated with the local hospital but in a completely separate building. It was reported earlier this month that all hospital workers in the entire region would be forced to take the seasonal flu shot or lose their jobs and that the vaccine would become a condition of employment.
“On the Tuesday morning following the Labor Day weekend (Sept 8th), the director of the daycare of Northeast Health announced to employees on the spot (without a meeting, memo or discussion) that everyone had to go get a flu shot immediately and staff would be rotated so that everyone would be inoculated by the end of the day,” writes Clare’s sister.
“Clare said “I don’t get flu shots” and was told “well then you’ll be fired.”
The director told Clare that the H1N1 shot would also be mandated in the same way when it becomes available. When Clare warned the director that the swine flu shot contained mercury, squalene and other dangerous additives, the director told her that regardless of her objections, if she refused to be vaccinated she would be suspended from November 13th and then formally fired on November 30th.
“Clare asked how she can be fired for something that was not a condition of her employment when she was hired? She was told it was not Northeast Health’s policy, it was the director of the New York State Department of Health who made the shot mandatory,” writes her sister.
Home Health Care Workers in New York Required to Get Vaccinated
Kurt Nimmo
Infowars
September 21, 2009
On today’s show, Alex called for hospital workers and others associated with the health care industry to come forward and provide documentation on corporations demanding that employees receive the toxic seasonal flu vaccination or lose their jobs.
Many of you have responded. We are in the process of looking over your documentation and will post this information on Infowars and Prison Planet in the coming days.
In the meantime, as an example of how mandatory vaccinations are spreading, consider the document here issued by HCA, the Home Care Association of New York State.
The memo here, dated August 21, 2009, indicates that all “home health direct care workers, among others, [are] to be vaccinated against influenza as a precondition to employment and on an annual basis.” The directive was issued by the New York State Department of Health.
The New York State Department of Health expects health care employees to receive both the seasonal and the coming H1N1 vaccines.
The CDC has released a hierarchical list of “groups targeted” for vaccination. Pregnant women, “household contacts and caregivers for children younger than 6 months of age,” healthcare and emergency medical services personnel, and all people from 6 months through 24 years of age are “targeted” for vaccination.
At present, only health care personnel are required to take the toxic shot at risk of losing their employment. “The committee believes that once the demand for the vaccine for these prioritized groups has been made, that programs and providers should begin to vaccinate everyone from the age of 25 through 64 years,” the memo states.
How long before other workers directly in contact with the public will be required by the state and employers to take seasonal and H1N1 vaccinations? Will daycare employees and the counter jockey at the local Quick Pic be required to pony up for their squalene and mercury injection?
We will find out in the next few weeks.
Swine Flu Document Lists Sports Arena As Mass Vaccination Centre
Belgium Suspends Democracy And Civil Rights Over “Swine Flu” Pandemic
French scientist : French military told to get ready for forced vaccinations
Mandatory Swine Flu Shots For Firefighters?
Mercury In Australian Approved H1N1 Vaccine
Public Health Officials in Canada Engaged in Cover-Up Operation To Conceal Flu Origin
Filed under: Barack Obama, Economy, health care, health care reform, Healthcare, medical care, obama, obama care, obamacare, poll, rasmussen, unemployment, US Economy | Tags: obamas approval ratings, obamas job approval ratings, obamas job performance
Obama’s approval ratings continue to drop
Cincinnati Conservative Examiner
August 24, 2009
President Barack Obama’s love affair with voters has hit a rough spot.
According to a Rasmussen poll released today, over 40% of Americans strongly disapprove of Obama’s job performance, compared to 28% who strongly approve.
As shown on the chart produced by Rasmussen, there is a steady decline in those who strongly approve of the President’s handling of key issues. The number has dropped from a high of 41% in January, to a new low of 28% today. That is an approval index of -12. Although his lowest index was at -14 a week ago, the graph shows a further decline is likely.
Key factors affecting Obama’s approval ratings include a stagnant economy, high-unemployment, and a failure to pass health-care reform.
Filed under: 2-party system, AIG, audit the fed, bailout, bailouts, Barack Obama, Bear Stearns, bernanke, Big Banks, Credit Crisis, DEBT, deficit, deflation, Dictatorship, Dollar, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, George Bush, global economy, Goldman Sachs, Great Depression, Greenback, housing market, hyperinflation, Inflation, interest rate cuts, left right paradigm, obama, rate cut, socialism, Stock Market, Taxpayers, Tim Geithner, unemployment, US Economy, Wall Street
Embracing Bushonomics, Obama Re-appoints Bernanke
Mark A. Calabria
Cato @ Liberty
August 25, 2009
In re-appointing Bernanke to another four year term as Fed chairman, President Obama completes his embrace of bailouts, easy money and deficits as the defining characteristics of his economic agenda.
Bernanke, along with Secretary Geithner (then New York Fed president) were the prime movers behind the bailouts of AIG and Bear Stearns. Rather than “saving capitalism,” these bailouts only spread panic at considerable cost to the taxpayer. As evidenced in his “financial reform” proposal, Obama does not see bailouts as the problem, but instead believes an expanded Fed is the solution to all that is wrong with the financial sector. Bernanke also played a central role as the Fed governor most in favor of easy money in the aftermath of the dot-com bubble — a policy that directly contributed to the housing bubble. And rather than take steps to offset the “global savings glut” forcing down rates, Bernanke used it as a rationale for inaction.
Perhaps worse than Bush and Obama’s rewarding of failure in the private sector via bailouts is the continued rewarding of failure in the public sector. The actors at institutions such as the Federal Reserve bear considerable responsibility for the current state of the economy. Re-appointing Bernanke sends the worst possible message to both the American public and to government in general: not only will failure be tolerated, it will be rewarded.
Geithner: Auditing the Fed is a “line that we don’t want to cross”
Filed under: Australia, Britian, cap-and-trade, carbon credit system, carbon dioxide, Carbon Tax, Co2, environmental taxation, Europe, european union, global tax, Global Warming, kevin rudd, london, Senate, unemployment
Global Warming Bill Could Cost 2.4 Million U.S. Jobs, $1,250 per household
Mike Sunnucks
Phoenix Business Journal
August 14, 2009
A carbon emissions plan under consideration in Washington aimed at global warming could cost the U.S. economy between 1.8 million and 2.4 million jobs over the next two decades.
The study, released Wednesday by the National Association of Manufacturers and the American Council for Capital Formation, worries about plans of Democrats and the Obama administration plans that would put caps and fees on carbon emissions and pollution.
The business study says the climate bill would increase costs that would be passed onto consumers and that a U.S. household would lose as much as $250 annually by 2020 and $1,250 by 2030. Also, according to the study, the GDP could lose 2.4 percent of its value by 2030.
Filed under: 2008 Election, Amero, angela merkel, asia, bailout, Bank of America, Big Banks, brad sherman, Britain, C-Span, Canada, Carroll Quigley, central bank, CFR, China, civil liberties, civil rights, CNBC, Congress, corporations, corporatism, Credit Crisis, DEBT, Dictatorship, Dollar, ECB, Economic Collapse, economic depression, Economy, Empire, Europe, european central bank, european union, Fascism, Federal Reserve, France, g8, George Bush, Germany, glenn beck, global economy, global elite, global government, Globalism, gordon brown, Great Depression, Greenback, Habeas Corpus, henry paulson, Hitler, House, hyperinflation, imf, Inflation, interest rate cuts, internationalist, internationalists, job market, John McCain, liquidation, london, Martial Law, Media, middle class, morgan stanley, mortgage, national socialism, Nazi, New World Order, paris, Paulson, peter schiff, Police State, Posse Comitatus, rate cut, Sarkozy, Senate, single currency, socialism, sovereignty, Stock Market, tax, Taxpayers, unemployment, United Kingdom, US Economy, us sovereignty, US Treasury, Wall Street, World Bank, WW2, Zimbabwe | Tags: Ewald Nowotny, fiat currency, global currency, global currency system, global financial order, globalists, globalization, international order, Jean-Claude Trichet, Jeffrey Garten, John Mack, José Manuel Barroso, new global monetary authority, one world currency, Timothy Geithner, weimar republic, world economic crisis, world financial system, world monetary system, world money system, world order
Globalists Exploit Financial Meltdown In Move Towards One World Currency
Paul Joseph Watson & Kurt Nimmo
Prison Planet
October 20, 2008
The swift and ruthless exploitation of the economic meltdown on behalf of globalists and central banks revolves around their drive to move towards a one world currency system and an unprecedented centralization of global financial power.
Statements on behalf of world leaders and central banks over the past two weeks have made it clear that the agenda to further collate economic power and control of currencies into the hands of the few is rapidly accelerating – all in the name of solving a financial crisis that was caused as a result of the same fiat money system that the elite themselves created and maintained.
The original Bretton Woods agreement in 1944, spurred by the depression of the 1930s and the second world war, created the International Monetary Fund, the World Bank and laid down common standards for markets around the world. Now with the current financial crisis EU leaders see another opportunity to impose global regulations on sovereign economies.
As the crisis reached its peak at the end of September, British Prime Minister Gordon Brown led the call for “a new global financial order” in which the world financial system would be built around a centrally coordinated policy of international regulation.
Morgan Stanley Chief Executive John Mack has also called for a new global body to oversee the financial crisis, warning that it is like nothing he’s ever seen before.
The sentiment echoes those of elite figures such as CFR member Jeffrey Garten and Timothy Geithner, president of the Federal Reserve Bank of New York, who have both recently called for a “new global monetary authority”, a de-facto global financial dictatorship, operating across borders and forcing nations and corporations to register and adhere to strict monitoring and regulations.
European Central Bank council member Ewald Nowotny told Bloomberg yesterday that the centrality of the U.S. dollar was in question and that a “tri-polar” global currency system is in development between the U.S., Asia and Europe to replace it.
This followed a call by French President to question whether a “worldwide currency system” should be introduced in response to the financial crisis.
“Another subject in tomorrow’s world is that of the great currencies. How many should there be? What should the agreement between these great currencies be? Should we organize a discussion? Should a country like India one day have a global currency?” Sarkozy told a news conference, reports Reuters.
Any discussion would be purely academic, as the ruling elite long ago decided to force a global currency down our throats. In fact, a global currency is at the very core of their plan to dominate the world. Control money and you control the destiny of states, you eliminate national sovereignty. “The control of money and credit strikes at the very heart of national sovereignty,” A.W. Clausen, president of Bank of America once observed.
As Georgetown professor and CFR historian Carroll Quigley noted, the goal of the banking families and their minions consists of “nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole… controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.”
It remains to be seen if the EU will realize its “solution” to the world economic crisis. In 2007, Robert Mundell, “the father of the euro,” noted that “international monetary reform usually becomes possible only in response to a felt need and the threat of a global crisis.”
Certainly, the elite cooked up an appropriate global crisis, now they will engage in a full court press to establish a global currency and eventually a global government.
EU Leaders Call for Global Currency
Kurt Nimmo
Infowars
October 18, 2008
If we are to believe the Washington Post, French president and current EU leader Nicolas Sarkozy has pledged to save us from nameless “freewheeling bankers and traders” who get the blame for the current economic crisis.
Sarkozy, Gordon Brown, and EU honcho José Manuel Barroso are talking up an international summit to discuss an “urgent overhaul of the world’s financial architecture,” that is to say a new Bretton Woods to establish a brand spanking new international economic order. Sarkozy has managed to grab George Bush’s ear and he will travel to Washington on Saturday to lay the groundwork for a conference.
In 1944, 44 allied nations met at a resort in Bretton Woods, New Hampshire, to fiddle with monetary standards, fix exchange rates, and create the IMF and World Bank. “Launching a remake of this old model — particularly in such a short time, with so many new participants — would represent a daunting challenge at any time, but particularly during the twilight of the Bush presidency and the crisis that is still jolting banks and stock markets around the world,” reports the Post.
Sarkozy and the EU leaders would have us believe this new Bretton Woods will call for “globally coordinated regulation of the financial industry, elimination of tax havens and a compensation system in which traders are not rewarded for dangerous risk-taking,” among other things.
It was the demise of Bretton Woods in 1971, insists European Central Bank president Jean- Claude Trichet, that led to the abandonment of regulation and subsequent market turmoil. “The explosion of the first Bretton Woods in a way could be interpreted as a rejection of discipline,” said Trichet, reports Bloomberg.
Gordon Brown, the former Chancellor of the Exchequer, wants to fix that turmoil with a new spate of regulations aimed at international finance. On October 13 in London, Brown said “we must devise new rules for a world of global capital flows” just as the founders of Bretton Woods “devised rules for a world of limited capital flows.”
“We now have global financial markets but what we do not have is anything other than national and regional regulation and supervision,” Brown lamented from Brussels.
All of this is nonsense. It should be obvious by now the bankers engineered the current crisis in order to consolidate their hold on the global economy and all the talk about rogue traders, tax havens, and over-compensated executives is merely that — talk, or more specifically a sales pitch, a slick parlor trick devised to fool the commoners.
Glossed over in all the corporate media coverage is the global elite demand that a global currency be established. “Europe wants to present a blueprint for a new worldwide currency system,” reports the AFP in the video here.
“Another subject in tomorrow’s world is that of the great currencies,” Reuters reported Sarkozy musing on October 16. “How many should there be? What should the agreement between these great currencies be? Should we organize a discussion?”
Glenn Beck On One World Currency
“There is a global meltdown coming, it is a global depression, a One World Currency and One World Financial System is the ENDGAME! China said last week said they want One Global Currency, France said yesterday or the day before that they want One World Order a New World Order at the end of this event!” – Glenn Beck
CNBC: The New World Order is in effect on wall street
http://www.prisonplanet.com/calls-for-new-global-financial-order-increase.html
Tri-Polor Global Currency A Possibility
http://www.bloomberg.com/apps..&sid=apjqJKKQvfDc&refer=home
http://www.nationalpost.com/news/story.html?id=885494
G-8 Announces Global Summit On Financial Crisis
http://news.yahoo.com/s/a..t=Ah6wNwIX5KlE5B1m5eFoDXlbbBAF
Bush & Allies Pledge Joint Action On Economy
http://www.youtube.com/watch?v=InFBnX87lzU
Brown: Use This Crisis To Create New Financial World Order
http://www.prisonplanet.com/..new-financial-world-order.html
Filed under: corporations, Credit Crisis, DEBT, Economic Collapse, economic depression, Economy, global economy, Globalism, Great Depression, Greenback, hyperinflation, Inflation, job market, Mexico, North American Union, Stock Market, unemployment, US Economy, Vicente Fox
Vicente Fox Tells Unemployed Americans “Get Over It”
An interview with EX president of Mexico Vicente Fox at Wayne State University September 12, 2008 where he tells American workers to “get over it”, that their jobs are gone forever and that they must retrain for GLOBAL work. The news report also calmly mentions that he wants a North American Union (you know, that thing that doesn’t exist) and a single Amero currency – before moving on to the weather and a segment about owning a horse.
noworldsystem.com 