UNLOCK YOUR HIP FLEXORS

Tuesday, October 30, 2012

Shocking pictures of New York after "SANDY" turns it into apocalyptic scene

UPDATE:
After seeing one of those subway cars flooded, I had a feeling it was going to be really bad:
NYC subways worst disaster in 108 years, Seven subway tunnels under the East River flooded, Damage throughout the entire system, Salt water affects wiring

DAMAGE - 20 pictures of New York from Pamela Geller
http://atlasshrugs2000.typepad.com/atlas_shrugs/2012/10/damage.html

Tanker washed up, homes razed to the ground and flooded streets littered with cars: Obama declares a 'major disaster' after Sandy turns New York into apocalyptic scene and death toll jumps to 39 - around 60 pictures PLUS maps and diagrams and a video:


Schools closed tomorrow as well. Bus and subway service will not be restored for four or five days. All bridges will reopen today except for Rockaway bridges. The Battery and Holland tunnel will remain closed. Both JFK and LaGuardia will remain closed today. LaGuardia will be closed tomorrow due to extensive damage.

These two below are in Brooklyn:



Here are a few tips to keep your pets safe this Halloween:

* Keep pets indoors in a secure, comfortable area with a radio or television playing in the background.  Many pets fear the noises of trick-or-treaters.

* Always keep your pet’s license current. A current license and ID tags securely affixed to your pet’s collar.  A license tag and a microchip is the only voice a pet has if he or she becomes lost.

* Do not leave pets outside unattended.  Loud noises frighten pets and they may panic, become confused, and go through great lengths to escape their enclosures.

* Keep pets away from all candy. Chocolate, which contains theobromine, can be poisonous to pets, causing nerve damage and even death.

* Properly dispose of all candy wrappers. Tinfoil and cellophane candy wrappers are tempting treats for pets and can cause pets to choke or to have intestinal blocks.

* Keep pumpkins or jack-o-lanterns away from pets.  Pets can easily knock them over, which could result in a burn.

* Halloween pet costumes can pose safety hazards for pets.  Do not dress your pet up unless he or she is used to it.  Make sure the costume does not restrict their movement, vision, hearing, or the ability to breathe or bark. Pet costumes should not have small or dangling accessories that can be swallowed by your pet.

* If your pet does become lost, it is critical that you physically visit the animal shelters surrounding your area. Be sure to bring a photograph of your missing pet to post at your local shelter.

For more information, contact your local animal shelter!

SCV NEWS

Obama and Biden Indicted by Grand Jury

(Ocala, Florida, October 30, 2012). Larry Klayman, the founder and chairman of Freedom Watch today announced that President Barack Obama and Vice President Joseph Biden have been criminally indicted for having willfully released classified national security information concerning the raid on Osama bin Laden's compound, U.S. and Israeli war plans concerning Iran and their cyber-attack on Iran's nuclear facilities. The release of this information, among other harm to U.S. national security, resulted in the killing of members of Seal Team Six by terrorists and the arrest and imprisonment of American covert agents by Pakistan, such as the doctor who aided the CIA with regard to the bin Laden assassination. U.S.-Israeli war plans with Iran have also been compromised.

A true bill of indictment was issued by a Citizens' Grand Jury in Ocala, Florida, who reviewed evidence and voted unanimously to indict Obama and Biden at 6:02 pm on October 29, 2012.

The authority for a Citizens' Grand Jury can be found at www.citizensgrandjury.com.

The criminal defendants, Obama and Biden, will now be given notice of their indictment, arraigned and then tried for their alleged crimes.
READ MORE

Sunday, October 28, 2012

OBAMA: DERELICTION OF DUTY

Former National Security Adviser Bud McFarlane: For Obama to Do Nothing During Benghazi Attack is “Dereliction of Duty” (Video)

WHAT LIBERTARIANS THINK ABOUT THE U. S. CONSTITUTION

Library of Law and Liberty:

Part I: Some Reflections

Part II: Strengthening the Federal Government

Did General Ham get relieved of his command for attempting Benghazi rescue?

Was General Ham Relieved for Attempting Benghazi Rescue?
The information I heard today was that General Ham as head of Africom received the same e-mails the White House received requesting help/support as the attack was taking place. General Ham immediately had a rapid response unit ready and communicated to the Pentagon that he had a unit ready.

General Ham then received the order to stand down. His response was to screw it, he was going to help anyhow. Within 30 seconds to a minute after making the move to respond, his second in command apprehended General Ham and told him that he was now relieved of his command.

The story continues that now General Rodriguez would take General Ham’s place as the head of Africom.

I found this story when I got home after hearing this story. quote:
“President Barack Obama will nominate Army Gen. David Rodriguez to succeed Gen. Carter Ham as commander of U.S. Africa Command and Marine Lt. Gen. John Paxton to succeed Gen. Joseph Dunford as assistant commandant of the Marine Corps, Defense Secretary Leon Panetta announced.”

Saturday, October 27, 2012

BENGHAZI EXPOSED

Benghazi
Posted by Ann Barnhardt - October 26, AD 2012 7:23 PM MST
 
Let's quit the chickenshit dancing around here.

The Obama regime has been running guns and BIGTIME armaments and munitions, including MANPADS, which are shoulder-launched surface-to-air missiles designed to shoot down commercial jetliners, to the Muslim Brotherhood. This is just Fast-and-Furious except that the people being armed are musloids tasked with reforming the Islamic Caliphate instead of the drug cartels. But it is exactly the same thing. Ghadaffi was overthrown because the Obama regime wanted to use a chaotic, destabilized "wild west" Libya as the doorway to the Caliphate to get the arms in for distribution to Syria, Yemen, Jordan, Egypt and eventually Saudi Arabia. Egypt would have been too risky.

Ambassador Chris Stevens and the CIA were somehow, some way running or heavily involved this armament pipeline.

The Obama regime wanted and "needed" Chris Stevens dead, probably to cover the gun and armament running, so they killed him. Word was sent to the Muslim Brotherhood to attack the Benghazi facility. The Obama regime promised that there would be no retaliation and that a cover story about "slandering the prophet" would be provided. The Muslim Brotherhood wins all around. They get to keep all of the arms and MANPADS supplied by Obama with no whistleblowers AND they get their bullshit sharia law agenda advanced and explicitly ratified by the government of the United States.

Get used to this business of the Oligarch class using the Muslim Brotherhood to do their dirty work for them. This has been the plan all along, and it will only escalate from here.

As I have been saying since 2008, Barack Obama is the explicit enemy of what used to be the First American Republic, and of Western Civilization in general. EXPLICIT ENEMY. As in traitor. As in treason. As in murderer. As in should be arrested as a non-state, non-uniformed enemy belligerent, tried in a military tribunal, and upon conviction be put against a wall and shot by a firing squad, and then have his dead body publicly displayed so that there will be no future doubt or bullshit conspiracy theory crap that the son of a bitch wasn't executed. No shit.

And the same goes for dozens of people in his "administration" right along with him, except that the U.S. citizens, like Hillary Clinton, should be tried for treason. But like Obama, upon conviction (which should take all of five minutes to deliberate) these people should be executed by firing squad without delay. They are traitors and they are murderers.

After almost four years of this shit, you people are still trying to parse these events as if these people are just misguided or inept. These people are the declared enemy of what used to be the United States (they put the last nail in the coffin - the Republic is already dead) and of Western civilization. They are attempting to bring about a global tyrannical oligarchy and are in a close, explicit alliance with islam in order to consolidate control of the oil producing areas of the muslim world and eliminate Israel, and eventually to use the Caliphate as the army which will totally overrun and overthrow Europe.

Clinton, Obama, Panetta, Axelrod and THEIR HANDLERS, all of these people are coming straight out of Communism, which is really nothing more than a push for a global tyrannical oligarchy. It has little to do with any sort of economic theory per se, its only goal is to put a cadre of oligarchs in power, and to enrich them by any means necessary. We should probably stop calling it Communism and just call it neo-Stalinism.

Chris Stevens was tortured, gang ass raped, killed, and his dead body was gang ass raped again because the initial order came from Washington D.C. to kill him. The details really didn't concern the murderers sitting in Washington watching it happen via drone-cam, nor did the collateral damage in the form of the other three men killed. Stevens thought he was "in the club", but the poor fool was just another "stupid faggot" in the eyes of the Obama regime who was used and then killed because he was worth less than nothing to them. But then, all human life is worth less than nothing to these people.

One of the SEALs was on the roof of the building painting a target with a laser expecting a drone or a gunship to engage. What the SEAL failed to understand is that the drone he knew was flying above him was in fact the asset of the very people who ordered the strike, and that they were back in Washington watching via that drone-cam, cooly waiting for him, the ambassador and the other assets there present to die.

You people need to wake the hell up. Prepare for war. These people are killers and will stop at nothing until someone stops them.


This clip isn't about Limbaugh. This is all about the caller who is a SPECOPS guy. Listen to him. The default order is to rescue an ambassador under attack. They only way that DOESN'T happen is if an explicit order to stand down is given, and it must come from Washington from the very, very top.





HUGH HEWITT'S 100 REASONS TO VOTE AGAINST PRESIDENT OBAMA / FOR MITT ROMNEY

From Hugh Hewitt
Know someone who is wavering?  Send them to the 100 Reasons to Vote for Romney or Against Obama, or ship them the book The Brief Against Obama: The Rise, Fall and Epic Fail of the Hope and Change Presidency today:
Part One:

1-50

Part Two:

51-100

BLACKFIVE: The second worst feeling in the world...

The second worst feeling in the world has to be the platform crew being desperately asked for help, given a clear target and then having to stand down and watch your fellow Americans die.

The worst has to be the team on the ground knowing that the President just left you to die.
There are six updates here...one commenter posted twice in a row with great points about Update #6 which is important since it seemed to confirm Leon Panetta's version of events on 9/11/12 in Benghazi, Libya where we lost our American Ambassador Chris Stevens and three other brave Americans: RIP Chris Stevens, Sean Smith, Tyrone Woods, Glen Doherty.

10/26/12 (11:43 PM):

Re Update 6: "Marine resources were in the middle of a rotation" Does a rotation take more than 7 hours? Wouldn't you have a policy of "make-before-break" when rotating forces?

10/26/12 (11:47 PM):

Would you time a rotation for Sep 11?

Bigger than Watergate: Proof that the President is Lying about Benghazi?


Thursday, October 25, 2012

SPECIAL OPS: OPSEC

STOP THE POLITICIANS, PRESIDENT OBAMA AND OTHERS, FROM POLITICALLY CAPITALIZING ON U.S. NATIONAL SECURITY OPERATIONS AND SECRETS!

Special Operations OPSEC needs your help today to spread the word about the unpatriotic leaking of sensitive national security information by the Obama Administration for personal political gain. Please use these links to take immediate action.

Donkey love busts Muslims

Weasel Zippers points out Muslim hypocrisy:

British Jihadists: Non-Muslims Have “Sex Like Donkeys” And Deserve To Be Blown-Up. . .

On the other hand: Man mounts his donkey in Iraq. U.S. soldiers get it on tape with night vision.

Wednesday, October 24, 2012

Tuesday, October 23, 2012

Obama's unprecedented budget deficits pose serious economic risks



Some fact-checks on the final debate:

OBAMA: Repeatedly claimed that ending expensive wars meant the U.S. now has money to spend at home.

FACT: There is no such peace dividend because the wars were financed largely by borrowing.

------------------------------------------------------------

ROMNEY: Said that when he was Massachusetts governor, high-school students who graduated in the top quarter "got a four-year, tuition-free ride at any Massachusetts public institution of higher learning."

OBAMA: "That happened before you came into office." (an outright LIE on the spot, heatedly and convincingly repeated)

ROMNEY: "That was actually mine, actually, Mr. President. You got that fact wrong."

FACT: Romney was right: The John and Abigail Adams scholarship program began in 2004 when he was governor.

-------------------------------------------------------------

ROMNEY: "I said that we would provide guarantees, and that was what was able to allow these (auto) companies to go through bankruptcy, to come out of bankruptcy. Under no circumstance would I do anything other than to help this industry get on its feet. And the idea that has been suggested that I would liquidate the industry. Of course not. That's the height of silliness. I have never said I would liquidate the industry."

OBAMA: "Gov. Romney, you keep on trying to airbrush history here. You were very clear that you would not provide government assistance to the U.S. auto companies, even if they went through bankruptcy. You said that they could get it in the private marketplace. That wasn't true. They would have gone through a liquidation."

THE FACTS: It's true that Romney didn't preach liquidation of GM and Chrysler and that he saw his approach as a way to save the auto companies. Opposing a government bailout, Romney instead favored private loans to finance the automakers' restructuring in bankruptcy court.

----------------------------------------------------------

OBAMA: "What I would not have had done was left 10,000 troops in Iraq that would tie us down. And that certainly would not help us in the Middle East."

THE FACTS: Obama was suggesting that he had never favored keeping U.S. troops in Iraq beyond the December 2011 withdrawal deadline that the Bush administration had negotiated with the Iraqi government. Actually, the Obama administration tried for many months to win Iraqi agreement to keeping several thousand American troops there beyond 2011 to continue training and advising the Iraqi armed forces. The talks broke down over a disagreement on legal immunity for U.S. troops.

This is the first time since 1988 that climate hasn't been mentioned in the presidential debate cycle!

Last Night's Presidential Debate Proves That Al Gore's Life Has Been In Vain

Via HotAir.com

Sunday, October 21, 2012

The strategy behind the Obama-Iran story leaks?

Why is the White House denying this story in the New York Times today?

Here is one possible strategy:

Other than Benghazi, Iran is the biggest foreign policy topic right now and would have normally been one of Romney's attack points in Monday night's debate on Foreign Policy. However, leaking this story (front page of the New York Times--U.S. Officials Say Iran Has Agreed to Nuclear Talks) means that it has been neutralized already.

How?

The Obama administration may think this will stop Romney from talking about it, but if Romney does go ahead and talk about Obama's lack of progress in dealing with Iran, then Obama can suddenly admit that, well, yes, the story is actually true...and that neutralizes Romney's criticism!

Brilliant?

Saturday, October 20, 2012

Yes, there are moderate (more precisely, passive) Muslims--there's just no such thing as moderate Islam.

Did you know:
Muslims aren't just the main source of terror overseas, they're the main source of it in our own backyard. Muslims represent just 1% of the U.S. population, yet account for 82% of all domestic terrorism convictions.
How about this:
We are told our Muslims are patriotic. Except did you know that Muslim leaders in this country prohibit sending food and other aid to U.S. troops? The Assembly of Muslim Jurists of America has ruled it a "sin."

Did you also know that:

• According to the U.S. government, virtually every major Muslim organization in this country is controlled by Muslims who believe "jihad is our way and death for the glory of Allah is our greatest ambition"?

• These "mainstream" Muslim groups were set up in America with millions of dollars in Saudi cash for the purpose of "destroying" America "from within"?

• Our Muslim establishment has raised millions for al-Qaida and Hamas here inside America?

• Roughly 80% of the more than 15,000 jihadist websites ID'd by the FBI operate off servers based inside the U.S.?

• "Honor killings" — murders of Muslim girls by relatives who claim the victim brought shame to the family — are on the rise in America? Just kissing a boy can trigger a justifiable homicide in Islam.
FINALLY TIRED OF ASSUMING THE BEST ABOUT MUSLIMS?

W.H. Tries to Write Al Qaeda Out of Libya Story

The Obama administration appears to be mounting yet another version of its campaign to push back on claims that it misled on the intelligence related to the attacks in Benghazi on 9/11/12. But the new offensive by the administration, which contradicts many of its earlier claims and simply disregards intelligence that complicates its case, is raising fresh questions in the intelligence community and on Capitol Hill about the manipulation of intelligence for political purposes. . .
READ MORE

Obama’s National Security Priority: Moderate Muslim Rappers

The State Department has even sent an Islamic rap group to various Muslim countries as goodwill ambassadors...
READ MORE

Is there any adult still possessing a rational mind that wants these idots running the country for FOUR MORE YEARS?!?

Freedom from Islam is the fundamental freedom of our time...it is the freedom on which all other freedoms depend.

In 1941, FDR proposed his famous Four Freedoms. Some seventy years later it may be time to add a fifth freedom to that list. . .

The first freedom in the days of the American Revolution was freedom from British rule. The first freedom in 1941 was freedom from Nazi Germany and Imperial Japan. The first freedom during the Cold War was freedom from Communism. The first freedom in our own time is freedom from Islam.
READ MORE

Friday, October 19, 2012

The Tonya Harding approach to energy

Remember Tonya Harding?
She became notorious after her ex-husband, Jeff Gillooly, conspired with Shawn Eckhardt and Shane Stant to physically assault her skating competitor Nancy Kerrigan at a practice session during the 1994 U.S. Figure Skating Championships.
According to Daniel Kish (Senior VP for Policy, Institute for Energy Research) the President, himself, has pushed for higher energy prices...and what we have now is the Tonya Harding approach to energy!

Thursday, October 18, 2012

American Jews have had it with Obama

What's driving the Jewish exodus from the Democratic Party? Like everyone else, Jews are singing the bad economy blues. But they're also increasingly acknowledging the uncomfortable facts about Obama's hostility towards Israel and its Jewish supporters.
READ MORE

Wednesday, October 17, 2012

10/22/12: The coming October Surpise - UPDATE

First Hint: It will directly, explicitly and irrefutably contradict public statements.
STAY TUNED

Tuesday, October 16, 2012

Getting High with Barry: The Complete Guide


The Week (5/25/12):

'The Choom Gang': 9 juiciest details from Barack Obama's days as a pothead

ABC News (5/25/12):

Obama and His Pot-Smoking ‘Choom Gang’

The Washington Post (5/25/12):

The Choom Gang: President Obama’s pot-smoking high school days detailed in Maraniss book

BuzzFeed (5/25/12):

A User's Guide To Smoking Pot With Barack Obama

The Blaze (5/26/12):

The Top Headlines About Barack Obama’s Pot-Smoking High School ‘Choom Gang’

Real Clear Politics - The Washington Post (5/27/12):

The Choom Gang: Obama's Pot-Smoking Days

Communities - Washington Times (5/29/12):

Lessons from the Choom gang: Don't air your dirty laundry

United Liberty (6/12/12):

For Choom, the Bell Tolls

Obama's long-haired gay homeless hippie pizza-guy drug dealer, Ray:



Monday, October 15, 2012

Most Americans are eating significant amounts of feces on a regular basis without even realizing it.

But feces is not just a problem in imported food...
READ MORE

Sunday, October 14, 2012

Democrats caught encouraging voter fraud

In scandalous footage captured by a Project Veritas videographer, a top Obama campaign worker gleefully helps an undercover reporter cast a ballot for the president in two states. The reporter identifies herself as an Obama supporter who has illegally registered to vote in Florida and Texas and plans to vote in both places.
READ MORE

Saturday, October 13, 2012

You'll never guess who's going to actually pay the Obamacare Individual Mandate Tax


The mortgage crisis was government driven from the start and many years in the making.

The Origins of the Mortgage Crisis

by Kurt Vangsness on Thursday, October 14, 2010 at 9:02pm ·


The mortgage crisis was government driven from the start and many years in the making. FDR helped to create Federal National Mortgage Association (Fannie Mae) as part of the New Deal and Richard Nixon chartered the Federal Home Loan Mortgage Corporation (Freddie Mac) in 1970. Then the Community Reinvestment Act was passed in 1977 to prevent "redlining" by banks of low income neighborhoods.

The Clinton Administration instructed Fannie and Freddie to increase the number of risky mortgages in their portfolio from poor and minority communities. HUD Secretary Cuomo helped to facilitate a mandate to fund poor families with down payments and low interest mortgages, which amounted to "affirmative action" lending. Also, community activist groups like ACORN harassed banks and bank executives as well as threatened action under the CRA if the banks didn't make more money available to poor neighborhoods.

Then starting in 2000 various members of Congress and other outside groups called for stricter regulations on Fannie and Freddie, but many other members of Congress, predominately Barney Frank, Chris Dodd, etc. said there was no problem and threatened to block any stricter regulation of the two GSE's (Government Sponsored Entities).

See: Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform
http://www.facebook.com/note.php?note_id=60838741791

From an interview with Barney Frank, the Boston Globe reported the following (see link below):

"Frank, in his most detailed explanation to date about his actions, said in an interview he missed the warning signs because he was wearing ideological blinders. He said he had worried that Republican lawmakers and the Bush administration were going after Fannie and Freddie for their own ideological reasons and would curtail the lenders’ mission of providing affordable housing."

Fannie and Freddie were exempted from Sarbanes Oxley reporting rules. The Democrats also threatened to filibuster any legislation designed to place stricter regulations on Fannie and Freddie in the Senate. When it was clear executives at Fannie and Freddie were guilty of accounting fraud to the tune of $200 million, no one went to jail. A number of the executives like Franklin Raines and Jamie Gorelick were former Clinton Administration officials and James Johnson was a Democratic Party Operative, so that had friends in high places who protected them.

Meanwhile, Fannie and Freddie continued to amass large portfolio's of mortgage debt, which were then securitized via Wall Street into CMO's (Collateralized Mortgage Obligations). Per Edward Pinto, a former executive at Fannie, starting in 1993 Fannie often misrepresented mortgages which were subprime in nature, as prime when the mortgages were securitized.

This was due to Congress wanting Fannie to pass its lower cost of funds (due to it's de facto Government backing) on to the consumer, i.e., in the form of lower interest rates on mortgages to borrowers. The problem is that Fannie can't give out a "below market" mortgages and then not expect the market to discount the principal value based on market risk pricing (e.g., a risky loan requires a higher interest rate than a low risk loan). Inherently then Fannie was encouraged to misrepresent the mortgages as prime in order to get full principal.

"There is more to this ugly situation. New research by Edward Pinto, a former chief credit officer for Fannie Mae and a housing expert, has found that from the time Fannie and Freddie began buying risky loans as early as 1993, they routinely misrepresented the mortgages they were acquiring, reporting them as prime when they had characteristics that made them clearly subprime or Alt-A." see WSJ.com: "The Price for Fannie and Freddie Keeps Going Up"

Once these securities were sold as CMO's, Fannie actually bought these CMO's in the secondary market and held up to $1 trillion in CMO's. Essentially, they were making the market for CMO's and gave the market the illusion of liquidity which essentially increases the market price.

In order for Commercial Banks to buy CMO's they needed to be rated by Moody's, Fitch, and S&P due to a 1930's law, which prevents banks from investing in securities not rated by an outside agency. As reported in the WSJ article "Let's Write the Rating Agencies Out of Our Law," 85% of the tranches of CMO's containing subprime mortgages were rated "AAA" and almost all tranches were rated as investment grade. A banks capital requirements (i.e., allowable leverage) is based on the rating of the security and the type of security. Per the article:

"For every dollar of equity that insurance companies are required to hold for bonds rated AAA, $3 is needed for bonds rated BBB, and $11 is needed for bonds rated just below investment grade (BB). For banks, the sensitivity of capital requirements to ratings is generally even more extreme."

The WSJ article, "A Silver Lining to the Financial Crisis: A More Realistic View of Capitalism," further illustrates how Commercial Banks were encouraged to hold CMO's via regulator capital requirements:

"But under the recourse rule, "well-capitalized" American commercial banks were required to spend 80 percent more capital on commercial loans, 80 percent more capital on corporate bonds, and 60 percent more capital on individual mortgages than they had to spend on asset-backed securities, including mortgage-backed bonds, as long as these bonds were rated AA or AAA or were issued by a government-sponsored enterprise (GSE), such as Fannie or Freddie.Specifically, $2 in capital was required for every $100 in mortgage-backed bonds, compared to $5 for the same amount in mortgage loans and $10 for the same amount in commercial loans." 

So to recap, Commercial banks bought "AAA" rated Mortgage-backed securities because they were safe and allowed the banks to further extend their capital (i.e., greater leverage). So banks were encouraged by banking regulations to buy Fannie or Freddie mortgage-backed securities because they required less capital than holding individual mortgages and commercial loans in which the bank performs its own credit risk assessment instead of the ratings agencies.

Then when the bottom dropped out of the market, Fannie stopped buying CMO's in the secondary market, which accounted for a large part of the market activity. This caused mortgage-backed securities to become illiquid (huge drop in price, because if you can't sell something it has less value). Mark-to-market accounting then required banks to devalue their holdings (on paper) because market prices dropped and in some cases the market price was based on a few "fire-sales" (kind of like appraising your house based on one foreclosure sale 5 blocks away). Then the ratings agencies, realized they screwed up, downgraded the ratings on existing mortgage backed securities being held by the banks even though nothing may have changed in the mortgage security pool backing the CMO's. This drove many banks to be further under-capitalized.

With mortgage-backed security prices in a free fall due to rating down grades and lack of liquidity, Credit Default Swaps based on these CMOs, required capital calls, i.e., more money being paid out (AIG). This was all due to the "perceived market value", i.e., regardless of actual value and actual mortgage defaults. When an investment is as opaque (less available information) as mortgage backed securities and market confidence drops, investors discount the value heavily to account for the unknown (unknown = greater risk = lower price relative to the yield).

This was manufactured and triggered by the government, Fannie Mae and Freddie Mac, and banking regulators. But of course the government points to the Wall Street Investment Banks and mortgage originators as causing the problem. It like blaming the tail for wagging the dog.

REFERENCES:
=======

Boston Globe: Stance on Fannie and Freddie dogs Frank
http://www.boston.com/news/politics/articles/2010/10/14/frank_haunted_by_stance_on_fannie_freddie/
=======
"Frank, in his most detailed explanation to date about his actions, said in an interview he missed the warning signs because he was wearing ideological blinders. He said he had worried that Republican lawmakers and the Bush administration were going after Fannie and Freddie for their own ideological reasons and would curtail the lenders’ mission of providing affordable housing."
=======
WSJ.com: The Future of Housing Finance
We'll never get a rational mortgage system until the government's affordable housing mandates are ended.
http://online.wsj.com/article/SB10001424052748704407804575425231311880538.html
=======
WSJ.com: Moving Beyond Fannie and Freddie
The experiences of other countries show there's no need for a government role in housing finance.
http://online.wsj.com/article/SB10001424052748704353504575596872063967914.html
"    Research by Edward Pinto, a resident fellow at the American Enterprise Institute who was chief credit officer of Fannie Mae in the 1980s, has shown that by 2008 half of all mortgages in the U.S.—27 million—were subprime and other high-risk loans, often with little or no down payments by borrowers. Because of their affordable- housing requirements, the GSEs bore the risk of default on 12 million of these mortgages. The Federal Housing Administration (FHA) and other government agencies insured or held an additional five million. And banks under the Community Reinvestment Act, and other mortgage providers under a Department of Housing and Urban Development program, made another 2.2 million.
    Thus, more than 19 million subprime loans were the responsibility of taxpayers, courtesy of the federal government's housing policies. The balance, slightly less than eight million loans, were securitized by Countrywide and other private issuers."

=======
WSJ.com: Fan and Fred and the Problem of Narrative
The GSEs don't fit the left's story about how greedy bankers caused the financial crisis. That's why they haven't been reformed.
http://online.wsj.com/article/SB10001424052748703467304575383451809694546.html
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WSJ.com: The Lesson of Basel's Bean Counters
Decades of obsession with accounting standards couldn't overcome the perverse incentives created by 'too big to fail.'
http://online.wsj.com/article/SB10001424052748704508904575192534100550538.html
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WSJ.com: Angels Out of America
How the Dodd bill harms start-ups.
http://online.wsj.com/article/SB10001424052748704671904575194483171910348.html

"Mr. Dodd's bill would change all this for the worse. Most preposterously, it would require that start-ups seeking angel investments file with the Securities and Exchange Commission and endure a 120-day review. Rare is the new company that doesn't need immediate access to the capital it raises, and a four-month delay is the kind of rule popular in banana republics that create few new businesses."
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WSJ.com: An Economy of Liars
When government and business collude, it's called crony capitalism. Expect more of this from the financial reforms contemplated in Washington.
http://online.wsj.com/article/SB10001424052748704508904575192430373566758.html

"The idea that multiplying rules and statutes can protect consumers and investors is surely one of the great intellectual failures of the 20th century. Any static rule will be circumvented or manipulated to evade its application. Better than multiplying rules, financial accounting should be governed by the traditional principle that one has an affirmative duty to present the true condition fairly and accurately not withstanding what any rule might otherwise allow. And financial institutions should have a duty of care to their customers. Lawyers tell me that would get us closer to the common law approach to fraud and bad dealing."
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WSJ.com: Staffer One Day, Opponent the Next
The revolving door can turn swiftly at the Securities and Exchange Commission.
http://online.wsj.com/article/SB20001424052702303450704575160043010579272.html
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WSJ.com: Fannie and Freddie Amnesia
Taxpayers are on the hook for about $400 billion, partly because Sen. Obama helped to block reform.
http://online.wsj.com/article/SB10001424052748704671904575193910683111250.html

"The date of the Senate Banking Committee's action is important. It was in 2005 that the GSEs which had been acquiring increasing numbers of subprime and Alt-A loans for many years in order to meet their HUD-imposed affordable housing requirements accelerated the purchases that led to their 2008 insolvency. If legislation along the lines of the Senate committee's bill had been enacted in that year, many if not all the losses that Fannie and Freddie have suffered, and will suffer in the future, might have been avoided.

Why was there no action in the full Senate? As most Americans know today, it takes 60 votes to cut off debate in the Senate, and the Republicans had only 55. To close debate and proceed to the enactment of the committee-passed bill, the Republicans needed five Democrats to vote with them. But in a 45 member Democratic caucus that included Barack Obama and the current Senate Banking Chairman Christopher Dodd (D., Conn.), these votes could not be found."
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WSJ.com: The Dodd Bill and U.S. Competitiveness
Its new taxes and regulations will make the U.S. an unattractive jurisdiction for financial companies.
http://online.wsj.com/article/SB10001424052748704117304575137980120672008.html
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WSJ.com: If You Liked Fannie and Freddie...
... You'll love Chris Dodd's latest reform proposal. It would make many more companies too big to fail and lead to far greater financial consolidation.
http://online.wsj.com/article/SB10001424052748704743404575127541719271252.html

"If passed in its current form, the bill would give the government control over the financial system in roughly the same way, and to the same extent, that ObamaCare would take over the nation's health care. There isn't a public option, exactly, but the private firms involved would be so heavily regulated that they would be effectively controlled by the government."
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WSJ.com: Most Pundits Are Wrong About the Bubble
The repeal of Glass-Steagall has helped us weather the storm.
http://online.wsj.com/article/SB122428270641246049.html

"As for the evils of deregulation, exactly which measures are they referring to? Financial deregulation for the past three decades consisted of the removal of deposit interest-rate ceilings, the relaxation of branching powers, and allowing commercial banks to enter underwriting and insurance and other financial activities. Wasn't the ability for commercial and investment banks to merge (the result of the 1999 Gramm-Leach-Bliley Act, which repealed part of the 1933 Glass-Steagall Act) a major stabilizer to the financial system this past year? Indeed, it allowed Bear Stearns and Merrill Lynch to be acquired by J.P. Morgan Chase and Bank of America, and allowed Goldman Sachs and Morgan Stanley to convert to bank holding companies to help shore up their positions during the mid-September bear runs on their stocks."
=======
WSJ.com: "A Silver Lining to the Financial Crisis: A More Realistic View of Capitalism"
Two familiar scapegoats for the financial crisis---deregulation and bankers' bonuses--- don't appear to be responsible for the disaster.

http://online.wsj.com/article/SB10001424052748704454304575081680480599148.html

"Regulators of banks, insurance companies and broker dealers have all incorporated the work of the ratings agencies into their regulations in myriad ways. Most importantly, bond ratings determine -- as a matter of law -- how much capital regulated institutions need in order to own the bonds.

For every dollar of equity that insurance companies are required to hold for bonds rated AAA, $3 is needed for bonds rated BBB, and $11 is needed for bonds rated just below investment grade (BB). For banks, the sensitivity of capital requirements to ratings is generally even more extreme.

The Bank for International Settlements also uses ratings to drive capital requirements, so the rating agencies have the same role in global capital markets that they have in the U.S.

For money market funds, ratings are equally critical: They are typically barred altogether from investments rated lower than AAA. In short, the ratings agencies are like a Consumer Reports for financial instruments -- but with the force of law behind their ratings. It is as if you were forbidden by law from buying an iron or a toaster unless it is rated 'Excellent.'"
---
"But under the recourse rule, "well-capitalized" American commercial banks were required to spend 80 percent more capital on commercial loans, 80 percent more capital on corporate bonds, and 60 percent more capital on individual mortgages than they had to spend on asset-backed securities, including mortgage-backed bonds, as long as these bonds were rated AA or AAA or were issued by a government-sponsored enterprise (GSE), such as Fannie or Freddie. Specifically, $2 in capital was required for every $100 in mortgage-backed bonds, compared to $5 for the same amount in mortgage loans and $10 for the same amount in commercial loans."
=======
WSJ.com: "The Price for Fannie and Freddie Keeps Going Up"
Barney Frank's decision to 'roll the dice' on subsidized housing is becoming an epic disaster for taxpayers.
http://online.wsj.com/article/SB10001424052748703278604574624681873427574.html

"There is more to this ugly situation. New research by Edward Pinto, a former chief credit officer for Fannie Mae and a housing expert, has found that from the time Fannie and Freddie began buying risky loans as early as 1993, they routinely misrepresented the mortgages they were acquiring, reporting them as prime when they had characteristics that made them clearly subprime or Alt-A."
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WSJ.com: Let's Write the Rating Agencies Out of Our Law
By Robert Rosenkranz
http://online.wsj.com/article/SB123086073738348053.html

"Indeed, that is the entire raison d'être of the $6 trillion structured-finance business, which serves little economic function other than as a rating-agency arbitrage. Subprime mortgages (and all manner of other risky loans) held directly by financial institutions are questionable assets with high associated capital charges. Each one alone would deserve a "junk" rating. Structured finance simply piles such risky assets into bundles and slices the bundles into tranches. The rating agencies deemed some 85% of the tranches by value as AAA, and nearly 99% as investment grade -- thus turning dross into gold by a sort of ratings alchemy."
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AmericanThinker.com: Why the Mortgage Crisis Happened
By M. Jay Wells
http://www.americanthinker.com/2008/10/what_really_happened_in_the_mo.html
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Townhall.com: Frank Data: How Federal Policy Triggered the Mortgage Meltdown
http://townhall.com/columnists/CarlHorowitz/2010/05/29/frank_data_how_federal_policy_triggered_the_mortgage_meltdown
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Video of the CSPAN congressional hearings on the Fannie Mae and Freddie Mac Accounting scandal which came to light in 2004.
see: http://www.youtube.com/watch?v=_MGT_cSi7Rs
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Clinton administration's "BANK AFFIRMATIVE ACTION"
Andrew Cuomo references a Federal Reserve Report that was later discredited.
http://www.youtube.com/watch?v=ivmL-lXNy64
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IBDeditorials.com: How the Fed, Media and Academia Aided and Abetted Lending Debacle
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=459798
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WSJ.com: A Mortgage Fable
http://online.wsj.com/article/SB122204078161261183.html
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WSJ.com: The Fannie Mae Gang
By Paul A. Gigot
http://online.wsj.com/article/SB121677050160675397.html
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WSJ.com: Information Haves and Have-Nots
http://online.wsj.com/article/SB122203382068860947.html
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NationalReview.com: Inside Obama’s ACORN
By Stanley Kurtz
http://article.nationalreview.com/?q=NDZiMjkwMDczZWI5ODdjOWYxZTIzZGIyNzEyMjE0ODI=
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IBDeditorials.com: Congress Tries To Fix What It Broke
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=490605
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WSJ.com: Faith in Ratings
http://online.wsj.com/article/SB122212668589565225.html
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WSJ.com: The Moody's Blues
http://online.wsj.com/article/SB120303641478270219.html
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WSJ.com: AAA Oligopoly
http://online.wsj.com/article/SB120398754592392261.html
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WSJ.com: Another 'Deregulation' Myth
http://online.wsj.com/article/SB122428201410246019.html
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WSJ.com: Spitzer and Sarbox Were Deregulation?
http://online.wsj.com/article/SB122541609109386729.html
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WSJ.com: The Ratings Racket
http://online.wsj.com/article/SB121435051391301517.html
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WSJ.com: The Meltdown That Wasn't - A primer on credit default swaps, the latest Beltway scapegoat.
http://online.wsj.com/article/SB122670411909729683.html
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WSJ.com: Bad Accounting Rules Helped Sink AIG
http://online.wsj.com/article/SB122169320421449849.html
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NYTimes.com: Dear A.I.G., I Quit! http://www.nytimes.com/2009/03/25/opinion/25desantis.html
=======
SeattlePI.com: Activists vent at AIG executives http://www.seattlepi.com/business/404117_aigbus22.html

Wednesday, October 10, 2012

Have you heard about the government's War On Health?

FIRST DOCUMENTARY DETAILING AND CHALLENGING THE FDA's AGENDA
5 Jul - In the near future, American medical practice may change dramatically for the worse. No longer will maximal dose natural supplements—vitamins, natural compounds, and scientifically proven medicinal herbs—be available over the counter in local health and grocery stores. Holistic practice, which relies upon non-prescription natural treatments instead of Big Pharma drugs prescribed for the length of person’s life, will diminish. American healthcare will be imprisoned as patients will be forced to abide by a single medical paradigm defined by corporate drug and food executives and dictated by a government enforcement agency, the Food and Drug Administration (FDA). This is the bleak scenario if the FDA succeeds in limiting Americans’ options to prevent and treat diseases.

Gary Null’s War on Health is the first documentary detailing and challenging the FDA’s agenda and its allegiance with the international Codex Alimentarius, which hopes to establish a monolithic food and health regime.  Betraying its founding mandate to assure drug, food and chemical safety in the interests of public health, the FDA today is a repressive bureaucracy serving pharmaceutical and agricultural greed and profits.
READ MORE

Tuesday, October 09, 2012

The position that Obama's eligibility hinges only upon a geographic natal origin fails foolishly when mortally impaled by two facts

Excerpts from Presidential Illegitimacy: Obama's Perishing Dilemma

(1)
Obama, himself, voted to uphold SR 511 which declared his 2008 opponent, John McCain a Natural Born citizen explicitly because McCain was born to two citizen parents.  If the question of natural born citizenship is merely endowed by earth-birth, why did Obama and so many of his esteemed degenerates not disqualify the Panamanian-born McCain?
(2)
...the framers of the Constitution explicitly differentiate language for natural-born citizenship from mere common citizenship as an exaction of two absolutes founded in the natural laws of God, not the laws of man.  Having only recently established this new nation, they were at a disadvantage, militarily, to defend it’s borders from invasion, indefinitely.  However, they could defend the sovereignty of their new government and, therefore, the strength of their constitutional resolve by declaring that the President be a natural born citizen in the common sense, by citizenship of their parentage.  For no parents who were citizens of the U.S. in 1787 could conspicuously bear a foreign child to raised among the "brethren" and, later, betray the blood of patriots by becoming a tyrant unopposed.  His parentage was an indicator of his loyalty and intentions.


Monday, October 08, 2012

Who is racist: Democrats or Republicans?

Excerpts from HISTORY OF DEMOCRAT RACISM...HOPE AND CHAINS
The most vocal opponents of the Civil Rights Act were all Democrats, including Albert Gore, Sr., father of former Vice President and 2000 Democrat presidential nominee Al Gore, and the Methuselah of the Senate, former Senate Majority Leader Robert Byrd, former “Kleagle” and “Grand Cyclops” of the Ku Klux Klan, who personally spoke for an astonishing fourteen hours straight in the Senate in an attempt to block passage of the 1964 Civil Rights Act. This was the same Robert Byrd that called MLK [a Republican] a “troublemaker” and a “coward,” and the same Byrd who vociferously opposed integrating the military, proclaiming he would “…rather die a thousand times and see Old Glory trampled in the dirt, never to rise again, than see this beloved land of ours become degraded by race mongrels, a throwback to the blackest specimen of the wilds…”

It was Democrat Alabama Governor George Wallace who said in his inaugural speech, “I draw the line in the dust and toss the gauntlet before the feet of tyranny, and I say segregation now, segregation tomorrow, segregation forever!” He would attempt to keep his promise by physically blocking the desegregation of Alabama schools. . .

. . .during an 1872 Congressional investigation, Democrats admitted to forming the Ku Klux Klan as a way to stop the growth of the Republican Party. He continues, “As PBS’s ‘American Experience’ notes, ‘In outright defiance of the Republican-led federal government, Southern Democrats formed organizations that violently intimidated blacks and Republicans who tried to win political power. The most prominent of these, the Ku Klux Klan, was formed in Pulaski, Tennessee, in 1865.”

Jim Crow laws? Passed by Democrats. Harry Truman, member of the Kansas City chapter of the KKK? Democrat. Fugitive slave laws which returned runaway slaves to their owners? Democrats. 1856 Supreme Court decision in the Dred Scott case, legally defining blacks as the property of their masters? A 7-2 decision, written by Chief Justice Roger Taney, a Democrat, with every concurring vote cast by a Democrat. The two opposing? One Republican and one Whig (a portion of which party had split to form the Republican Party). Passage of the Kansas-Nebraska Act, which repealed the slavery-limiting Missouri Compromise? That would be, you guessed it, Democrats. . .

The Republican Party was formed in 1854 for the specific purpose of ending slavery. Less than a decade later, the first Republican president, Abraham Lincoln, would issue the Emancipation Proclamation, freeing the slaves in the Southern states, and see the blood of hundreds of thousands shed to insure that victory. In 1865, the 13th Amendment formally and legally freeing the slaves was passed with every Republican in the House and Senate voting in favor, but only 19 Democrats supporting it (less than one quarter). It was Republicans, against vicious Democrat opposition, that passed the 14th Amendment (establishing citizenship for former black slaves), and the 15th Amendment (granting blacks the right to vote). It was Republicans who first passed Civil Rights Acts (in 1866 and in 1875), which would be rescinded by Democrats with the passage of the Repeal Act of 1894. A little over half a century later, it would be Republicans that would push through the Civil Rights Acts again, with 80% of Republicans voting for the 1964 law compared to only 64% of Democrats. . .

Vice President “Bumblin’Joe” Biden, addressed a mostly black audience in Danville, Virginia (or as Biden would say, “North Carolina”) and proclaimed the election of Mitt Romney would mean big banks running roughshod over helpless blacks. In a horrific, cringe-inducing attempt at a Southern drawl (reminiscent of Hillary Clinton’s 2007 pandering murder of an old gospel hymn, where she proclaimed in a faux-black preacher accent, “Ah don’t fee-yull noways tahrd. Ah’ve come too faarrr from where I started fruum…”), Uncle Joe declared that blacks must fear Romney and the Republicans because “They’re gonna put ya’ll back in chains.” I suppose we must at least listen and consider the verity of Biden’s words. After all, who knows more about putting black people in chains than the #2 guy in the Democrat Party? This is the same Joe Biden that, in a 2006 interview, bragged about his home state of Delaware having been a slave state.
And from the UK DAILY MAIL:
The nation’s first black governor, Virginia’s Douglas Wilder, recently blasted Biden for engaging in racially charged rhetoric:
‘Slavery is nothing to joke about. And the history of this nation’s involvement with slavery is nothing to pass off in a joke.’

Sunday, October 07, 2012

Do you qualify for the Obamacare mandate-tax-penalty surchage fee?

Find out here:



What is Islam?

Daniel Greenfield's comments after reading this:
Islam was built on the power to take away religion and freedom, to force people to worship Allah by destroying their religions, their cultures and their freedom to choose.

Islam is an anti-religious religion that purges, persecutes, tortures and intimidates. It is a religion based around the man and the power of his followers to terrorize those who might decide for themselves that an illiterate pedophile mass murderer is not their way to the truth.

Islam is power. There is no love in Islam. Only hate and fear. There is no G-d in Islam, only death.

Infiltration, Treason, Jihad – Welcome to The Project

As I have contended from the very beginning, Obama and his minions are corrupt beyond belief. It is my belief that Obama is actively facilitating the Muslim Brotherhood and radical Islam in an effort to bring America to her knees and usher in not only Sharia law, but a worldwide caliphate. This week, I am going to summarize for you the content of The Project and what it means to Americans. Time is growing short, we are entering the third and final phase of a very, very evil plan.

In 2001, an Islamic manifesto called The Project was discovered in Switzerland. This document is a plan to carry out a quiet coup within the United States through indoctrination, subversion and infiltration at all levels of our government and through key positions in education and other influential positions such as the media. Fast forward to 2008 and the Holyland Foundation Trial. This showcased the largest terror financing trial in US history. There are 80 boxes of evidence, including The Project, that have been made available by our government to the accused enemies of America, but which, to this day, are being withheld from our leaders and the American people. Barack Obama, Eric Holder and Janet Napolitano cite national security, but have given the terrorists a free pass to review the documents. I contend, that if they haven’t already done so, that Obama and his colleagues will destroy those documents because they implicate Obama and his administration in outright treason by aiding and abetting the Muslim Brotherhood. If Obama loses this election, he will most likely do two things: 1) He will release the Blind Sheik and 2) he will have those 80 boxes of documents destroyed if he hasn’t done so already. Obama will remain faithful to his Muslim roots and his anti-colonialist leanings. Remember Obama’s words:

"The future must not belong to those who slander the prophet of Islam."

Saturday, October 06, 2012

Introducing THE USA PLAN

The USA Plan is bold and truly revolutionary. It should satisfy both capitalists and collectivists, Republicans and Democrats, Libertarians and Anarchists and everyone in between because it makes the poor, the middle-class and the rich wealthier – in fact it delivers the American Dream to just about everyone.
The USA Plan is designed to increase the wealth of all citizens not just the few. It is triggered by the reduction of taxes imposed on them by government. The Plan is based on the Rise Up Theory of Economics which elevates the financial rights of the individual over those of the state.


The Rise Up Theory does for the poor and middle class what the "Trickle Down" Theory did for the rich - it makes them wealthy. It closes the gap between the rich and the poor and eliminates the cry for social justice. It reduces the income disparity which has become a major political issue for which no party has been proposing a workable solution. The USA Plan is that solution.


It is a simple concept, it redirects the 15.3% presently paid by individuals (and in the case of employees, their employers too) in the form of payroll taxes into a personally-owned investment account ( a “USA” – a Universal Savings Account)) that will grow into millions over the citizen's working life. The funds are invested in safe indexed stock funds that have historically been growing at over a 10% rate for the last 25 years.


At that rate of return a taxpayer or household making an average $50,000 per year would invest 15% per year or $7,500 and generate over a 40-year working life a $4 million nest egg. Go to the website www.theusaplan.com to review the year by year analysis of how the $300,000 ($7,500 x 40 years) accumulates, grows and compounds into a $4 million-dollar nest egg which will throw off a $33,000 a month retirement check.


As it will not require a taxpayer to invest his after-tax dollars into IRA or similar retirement plans it will cost no more than what is presently being taken by government. Americans can then use their after-tax cash to support their chosen lifestyles. The USA Plan will insure them of an affluent retirement and enough monthly income to buy the best medical care on the planet. The Plan eliminates the need to save for retirement.


As we know all private and public pension funds are all heavily invested in the stock market. By creating a vehicle to fund the growth of the private sector the investment of “USA” funds will immediately create millions of new jobs while at the same time guaranteeing the taxpayer a million-dollar nest egg at retirement. It will explode the overall wealth of the nation. The USA Plan is a short- term solution as well as a long-term solution we all are looking for.


Man has been saddled with poverty since the beginning of time. The few who were fortunate enough to be born into wealth or smart enough to accumulate it throughout history have always been a very small number of people. American independence changed all that to enable more 0f the population to become wealthy.


Unfortunately one-hundred years ago that independence permitted the people to give the right to tax incomes to the state which has been perverted into a mechanism to funnel wealth to the very few who know how to legally avoid taxation - Guys like Warren Buffet and Bill Gates whose fortunes have never been taxed because we don’t tax the appreciation in value until the stock is sold.


America has never attempted to solve the riddle of poverty but has left that up to the individual. He or she either sinks or swims AFTER TAXES. And there is the problem. By punitive taxation and suffocating regulation that raise all costs of living most Americans can’t save or work their way out of poverty. The talk of the American Dream of financial independence is just that – talk.


The Rise Up Theory of Economics as incorporated in the USA Plan will solve the riddle of poverty and generate all kinds of peripheral benefits not the least of which will be the elimination of war as soon as the Plan is adopted throughout the world.


War is not waged by people who want to protect their property.


Of course “peace on earth” depends on America leading the way and exercising leadership and resolve not to change or weaken the


USA Plan.

COINCIDENCE?

In the four years I have been gathering information about—and evidence against—Barack Hussein Obama, I have encountered hundreds of coincidences that strike me as amazing. None of those coincidences, by themselves, may mean much. But taken as a whole it is almost impossible to believe they were all the result of chance. Consider the Obama-related coincidences:
READ MORE

Filed under: This Explains Everything

Face palm of the day thanks to HotAir.com:

...between 1 percent and 4 percent of some modern humans' DNA came from Neanderthals, who lived between about 130,000 and 30,000 years ago, the researchers report today.

Friday, October 05, 2012

Shale shafts 'Vlad the Impaler': If the price of oil drops, Russia is wiped out

Sweet...oh, SO SWEET!!

Thanks to Daniel Greenfield over at Sultan Knish:
...if conservatives win in America and elsewhere, domestic drilling will go into high gear and the price of oil will drop. If the price of oil drops, Russia is wiped out.
Why Putin Cannot Afford an Obama Defeat.

And, if you're really into energy 'inside baseball' (as many fancy themselves to be):
...if anything, highlights the gas giant’s core problem: Gazprom has gone beyond the point of any commercial return to play the role that Russia wants, due to shale developments elsewhere [Emphasis mine.]. Unless Putin backs up his words with credible actions, not just fobbing off the EU, but putting more ‘state’ and cash back into Gazprom to progress its global ambitions, it’s going to suffer a slow and painful market death. That’s not exactly good news for Mr. Putin either. Back to Soviet economics 101.
Do any of you realize how f*cking amazing life is that this ex-KGB self-worshipping tough guy Vladimir Putin's entire f*cking future rests with our real-life version of Maxwell Smart's re-election? (Forget Chauncey Gardiner!)

ROFL.


Top 10 True/False Quiz

HERITAGE FOUNDATION:

First Presidential Debate 2012

Ann Barnhardt joins Glenn Beck in praying for the safety of our president

Those who follow and watch Glenn Beck (as we do) know that he has been worried about the president's safety for quite some time and he's pointed to the unnerving statements of Louis Farrakhan.

Now Glenn has been joined by what might seem, at first glance, to be an unlikely 'bedfellow'-- Ann Barnhardt:
Truly Scary
Posted by Ann Barnhardt - October 3, AD 2012 9:21 PM MST

I didn't watch the debate. I went over to a Friend's house and talked, read some Aquinas, and then talked some more. Then I went to Chick-Fil-A.

I find myself with an intense feeling of dread after reading the wrap-up comments.

Obama got his ass kicked, or to be more precise, kicked his own ass. From what people are saying, it seems clear that Obama did not prepare in any way, shape or form. More on point, Valerie Jarrett, Michelle Obama and David Axelrod did not force Obama to prepare. At all.

This implies two things. First, the "less-bad" implication:

No preparation was done because they know that the elections will be fixed and none of them care, least of all Barry who is a drug-addled imbecile and doesn't care about much beyond his next gram of coke and male fellation.

What really, really is bothering me and has me genuinely scared (yes, I do feel fear) is the fact that it can now no longer be denied that Barack Obama is worth more to his neo-Stalinist handlers dead than alive.
Someone has to say it. It might as well be me.

There has been buzz of a false-flag assassination attempt contingency plan among the Valerie Jarrett gang, but after this, I am genuinely scared that the false-flag assassination may no longer be a mere attempt, but a full-on JFK scenario.

Obama the man is now a liability to the putsch. These people are evil on a scale that most people cannot fathom, and Barry has only ever been a puppet and a tool to them.

Join me in praying for the safety of Barack Obama or whatever the hell his name is. He needs to be removed, arrested, tried and convicted for what he has done in the calmest, most orderly way possible. If his own handlers false-flag assassinate him, the entire world will fall into tyranny almost overnight, and my fear is that is exactly what they want, and they may be audacious and desperate enough to do it - especially after tonight. [Emphasis mine.]

Stay frosty. Pray hard.

Joe Klein stumbles on the truth about Obama

TIME|Swampland:
Did the President send out his body double to this debate? Because if that were the actual Barack Obama out there, I’m not sure he could communicate well enough to be an effective President in a time of trouble, to say nothing of winning a second term.
Obama’s Debate Strategy: Unilateral Disarmament?

Thursday, October 04, 2012

MIT Prof: Birthers not going anywhere except into the voting booths

Americans' distrust of Obama birth story rises

The only time you will laugh about OBAMACARE

A doctor who is running for Illinois Senate makes a brutal but hilarious statement about OBAMACARE that has gone viral...
Watch here!

A BAD night for Obama!

National Review Online:

Obama looked tired, in the Nixonian mode, and he sounded like a petulant 1980 Jimmy Carter...

American Thinker:

Obama appears to ahve [sic]been overmatched and outclassed...

Wednesday, October 03, 2012

Obama planning on cutting more than $250 billion from Medicare if he wins the election

Bob Woodward:
The long-time political reporter and author claims that Obama has plans to cut more than $250 billion from Medicare in his next term, and has seen the memos detailing those proposals:
STORY & VIDEO

Tuesday, October 02, 2012

Efforts to Eliminate the Natural Born Requirement (2003-2005)

From 2003 through 2008, members of Congress--most of them Democrats--feverishly worked to eliminate Article II, Section 1 (Clause 5) of the United States Constitution requiring that all presidential candidates be "natural born citizens" of the United States.
VIDEO and LINK TO ORIGINAL ARTICLE

Trinity Church members reveal Obama's shocking secret

To Trinity insiders, the Down Low Club was simply known as “the program.”

“That’s the terminology. At Trinity, you’re urged to ‘get with the program,’” explained a male beneficiary of the Down Low Club. “What that means is it’s OK to go ahead and have sex with men, just as long as you ‘get with the program’ and marry a woman, somebody no straight guy would want to marry.”

The wife, the Down Low Club member explained, is “your ‘beard,’ your cover – so you can look like you’re living a straight life, even thought your not.”

Carolyn and the other members of Trinity who provided statements corroborating her testimony were insistent that WND conceal their identities as a condition of being interviewed. . .

“I’m still scared to discuss any of this,” Carolyn said.

“At Trinity, if you even hint at talking about Obama being gay, you are reminded of our dear departed choir director,” she said. “He was killed, and it wasn’t a robbery. The Christmas presents weren’t touched. The TV was not taken, nothing in the apartment was missing.”

Carolyn’s reference was to Donald Young, the 47-year-old homosexual choirmaster at Trinity who died of multiple gunshot wounds in his Chicago apartment Dec. 24, 2007.

Young’s murder was preceded Nov. 17, 2007, with the execution-style murder of 25-year-old Larry Bland, another black gay member of Trinity United. He also was murdered in his home, dying of multiple gunshot wounds, according to his death certificate.

Just two days after the murder of Young, a third openly “gay” member of Wright’s church, Nate Spencer, reportedly died of septicemia, pneumonia and AIDS.

Monday, October 01, 2012

THE GALLERY

EXCLUSIVE: Obama pics you've NEVER seen!