Republic Wireless-$10 a month

Well you can't beat $10 a month for all the calls and texts you like, no contract but that is exactly what Republic Wireless does. If you want ALL the bells and whistles it will cost you $25 a month! The only drawback is you MUST buy one of THEIR phones. The new Moto G phones are out and are on sale for $149 for a short time only. These phones run on WiFi and Sprint's cellular backbone when there isn't any WiFi available and will transfer from 1 to the other seamlessly.  We just bought 2 and will let you know how they work! Using MY banner-link below, we both save a bit. 

Is the US Crying out for help?

I suggest ALL Americans read this by Judi McLeod of the Canada Free Press:

America’s cry for help lost in the White Noise

Back in the salad days of President Barack Obama in the Oval Office, the first sign of the coming soft tyranny against We the People should have been the roughly 2000 car dealerships forced out of business by the anti-free enterprise cabal squatting on the White House.

It was Obama’s auto task force that pressed General Motors and Chrysler to close scores of dealerships without adequately considering the jobs that would be lost or having a firm idea of the cost savings that would be achieved, an audit of the process has concluded.” (The New York Times, July 18, 2010).

This was the first visible social engineering adventure of the Obama regime and tens of thousands of jobs were lost as a result.

Back then today’s low information voters were identified as ‘The Gullible’ or ‘The Naive’, who believed that TARP (Troubled Asset Relief Program) of the Treasury Department was all about an idiotic concept known as “too big to fail”.

During the days of the TARP goose-step march through car dealerships,  a complacent G.M. informed more than 2,000 dealers that some or all of their franchise agreements would not be renewed in October 2010.  Chrysler eliminated 789 dealers, or about a quarter of its network, with less than one month’s notice.

“Out of work!” was about to become America’s main mantra, a mantra that continues to the present day.

According to the Times, the Treasury Department—which started the raid on car dealerships—failed to monitor the wrecking ball process.

There were cries of outrage from all sides in a rushing white noise, some more sincere than others.

Representative Darrell Isaa, outspoken Republican of California, rallied: “This sobering report should serve as a wake-up call as to the implications of politically orchestrated bailouts and how putting decisions about private enterprise in the hands of political appointees and bureaucrats can lead to costly and unintended consequences”.

Problem is that the sobering report did not serve as a wake-up call.

It’s four years later and now it is known that the IRS, has been using its power to put people out of business, purportedly unknown to the president until he “read it in the newspapers”.

Republicans Mike Kelly (PA-03) and Jim Renacci (OH-16) are circulating a letter requesting Treasury Secretary Jack Lew to release documents detailing the process and methodology the Automotive Task Force used to shut down General Motors dealerships in 2009 during the automotive industry crisis.

They’re more than four years too late.

Massive government intrusion into an already recession-bound private sector will never be resolved by letters to other politicians sent out by politicians.  It won’t be stopped by pleading letters from constituents to impervious congressmen who just want to go along to get along.  It won’t even be stopped as a result of bold, well-meaning statements by Darrell Issa.

If there is one thing all should have learned since 2009 it is that nothing is changing to relieve America from the clear and present danger that is Barack Hussein Obama.

No matter the talking heads, no matter the media, no matter the wailing politicians making pretty speeches, the Obama regime forges ahead, killing off all individual rights and freedoms in its obsession for the Fundamental Transformation of America.

Every new outrage from the regime falls into the same pattern.  Panel debates by televised talking heads, politicians of all political stripes registering their outrage, sound bites of Obama’s droning voice played over and over again, ad nauseum.

No matter what Obama and the collectivists do, it seems there are no new member’s bills, no discernible line of action other than white noise, and talk, talk, talk.

Tyranny, the same kind that kept the people of the former Soviet Union and environs in the stranglehold of communism for 70 years, is making its way—unhampered—through the USA.

The Obama administration started off by identifying Tea Partiers, returning war vets and Christians as terrorists—and got away with it.

Now news reporters like James Rosen, a Fox News correspondent has been openly branded a “possible criminal co-conspirator” for his alleged role in publishing sensitive security information.

The only difference between soft tyranny and hard tyrannies is that in the latter, those deemed enemies of the state are jailed and killed.  But a cursory read through history teaches that hard tyrannies usually got their start as soft ones.

Intensifying the clear and present danger in the current prolific White House scandals is the propaganda surrounding them.

For instance,  White House spokesman Jay Carney claims that no one is more outraged at the IRS scandal than President Obama.

The only outrage seen from Obama these past four and a half years is the one he fosters for America.

And now anger has its own color according to a study due to be released in July which contends that White Americans are more likely to see Obama as angry than non-white Americans.(USNews.com May 20, 2013)

Meanwhile, America is crying out for rescue and it’s time to replace the white noise dominated by grandstanding politicians with the legal means to halt the Fundamental Transformation of America before there is nothing American left to save.

YOUR Social Security

THE ONLY THING WRONG WITH THE GOVERNMENT'S CALCULATION OF AVAILABLE SOCIAL SECURITY IS THEY FORGOT TO FIGURE IN THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED A SOCIAL SECURITY CHECK!!!

WHERE DID THAT MONEY GO?

Remember, not only did you and I contribute to Social Security but your employer did, too. It totaled 15% of your income before taxes. If you averaged only $30K over your working life, that's close to $220,500. Read that again. Did you see where the Government paid in one single penny? We are talking about the money you and your employer put in a Government bank to insure you and I that we would have a retirement check from the money we put in, not the Government. Now they are calling the money we put in an entitlement when we reach the age to take it back. If you calculate the future invested value of $4,500 per year (yours & your employer's contribution) at a simple 5% interest (less than what the govt. pays on the money that it borrows), after 49 years of working you'd have $892,919.98.

If you took out only 3% per year, you'd receive $26,787.60 per year and it would last better than 30 years (until you're 95 if you retire at age 65) and that's with no interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per year, you'd have a lifetime income of $2,976.40 per month.

Another thing with me.... I have two deceased husbands who died in their 50's, (one was 51 and the other one was 59 before one percent of their social security could be drawn. I worked all my life and am drawing 100% on my own social security). Their S.S. money will never have one cent drawn from what they paid into S.S. all their lives.

THE FOLKS IN WASHINGTON HAVE PULLED OFF A BIGGER PONZI SCHEME THAN BERNIE MADOFF EVER DID.

Entitlement my foot, I paid cash for my social security insurance! Just because they borrowed the money for other government spending, doesn't make my benefits some kind of charity or handout!!

Remember Congressional benefits? --- free healthcare, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days. Now that's welfare, and they have the nerve to call my social security retirement payments entitlements?

We're "broke" and we can't help our own Seniors, Veterans, Orphans, or Homeless. Yet in the last few months we have provided aid to Haiti, Chile and Turkey. And now Pakistan......home of bin Laden. Literally, BILLIONS of DOLLARS!!!  And they can't help our own citizens in New York and New Jersey!

Our retired seniors living on a 'fixed S.S. income' receive no additional federal aid nor do they get any financial breaks, while our government and religious organizations pour hundreds of billions of $$ and tons of food to foreign countries!

They call Social Security and Medicare an entitlement even though most of us have been paying for it all our working lives, and now, when it's time for us to collect, the government is running out of money. Why did the government borrow from it in the first place? It was supposed to be in a locked box, not part of the general fund.

Sad isn't it?

A horrendous switch

This is what has happened all over Europe and Canada and it is coming to the USA faster than you can imagine!

The following is a copy of an article written by Spanish writer Sebastian Vilar Rodrigez and published in a Spanish newspaper on Jan. 15. 2011. It doesn't take much imagination to extrapolate the message to the rest of Europe - and to the rest of the world.

THIS WAS IN A SPANISH NEWSPAPER:
"EUROPEAN LIFE DIED IN AUSCHWITZ "

By Sebastian Vilar Rodrigez

"I walked down the street in Barcelona and suddenly discovered a terrible truth - Europe died in Auschwitz ...We killed six million Jews and replaced them with 20 million Muslims. In Auschwitz we burned a culture, thought, creativity, and talent. We destroyed the chosen people, truly chosen, because they produced great and wonderful people who changed the world.

The contribution of this people is felt in all areas of life: science, art, international trade, and above all, as the conscience of the world.

These are the people we burned.

And under the pretence of tolerance, and because we wanted to prove to ourselves that we were cured of the disease of racism, we opened our gates to 20 million Muslims, who brought us stupidity and ignorance, religious extremism and lack of tolerance, crime and poverty, due to an unwillingness to work and support their families with pride.

They have blown up our trains and turned our beautiful Spanish cities into the third world, drowning in filth and crime. Shut up in the apartments they receive free from the government, they plan the murder and destruction of their naive hosts.

And thus, in our misery, we have exchanged culture for fanatical hatred, creative skill for destructive skill, intelligence for backwardness and superstition. We have exchanged the pursuit of peace of the Jews of Europe and their talent for a better future for their children, their determined clinging to life because life is holy, for those who pursue death, for people consumed by the desire for death for themselves and others, for our children and theirs.

What a terrible mistake was made by miserable Europe.. A lot of Americans have become so insulated from reality that they imagine America can suffer defeat without any inconvenience to themselves. Recently, the UK debated whether to remove The Holocaust from its school curriculum because it 'offends' the Muslim population which claims it never occurred. It is not removed as yet. However, this is a frightening portent of the fear that is gripping the world and how easily each country is giving in to it.

It is now more than sixty years after the Second World War in Europe ended. This e-mail is being sent as a memorial chain, in memory of the six million Jews, twenty million Russians, ten million Christians, and nineteen-hundred Catholic priests who were 'murdered, raped, burned, starved, and beaten, experimented on and humiliated.' Now, more than ever, with Iran, among others, claiming the Holocaust to be 'a myth,' it is imperative to make sure the world never forgets.

obama's failed green dream

You the taxpayers are on the hook for BILLIONS of dollars and counting because of obama's dismal failure in the move from a petroleum based infrastructure to one of windmills and mirrors. In fact it is smoke and mirrors when it comes to his diatribes.The fact is that if you were to level every state in the lower 48, leaving only California and fill all that land with solar and windmills, you would still not produce enough power to keep California running.

Americans and Californians in particular need to get a grip on reality. Reality is not a concept. If you think that if the whole country went magically green overnight that it would even make a dent in the flawed theory of global warming, you are more than a few tree's short of a forest! With Chindia [China & India] building 1 coal burning plant a week EACH, there is not a chance! 

Whats more, with the failure of the Fukashima nuclear power plant disaster in Japan, it sent shock-waves around the world to the point that several countries, including Japan have decided to call it quits and go nuclear free. 

Germany and other European countries have passed laws that close down their reactors over the next decade or so. Some of you might welcome this, but they have to be replaced with something to make up the severe shortage of power they will experience. Do you have any idea what they are building, again, to make up that huge deficit of electricity? Well it doesn't spin, absorb or reflect. It IS black, abundant and very cheap.....yep you guessed it, COAL! On average it takes 10 coal burning plants to reach the same capacity of 1 nuclear plant and there are hundreds of nuclear power plants dotted all over Europe and Japan. 

Unlike Americans, they realize that going green, won't even make up 5% of the electricity they have become accustomed to. Do you people have ANY ideas that will make up the 95% you have just taken off line? NO, of course you don't.

I would luv to take all you green thumb, tree hugging imbeciles aside and strip you of all the things that you so verbosely espouse to! Lets see, we will start with your cell phones and vehicles, then cut you off the grid and leave you with your beloved windmills and mirrors,[nope, they too took energy and mining to produce] an axe to chop wood [oops, no, can't cut down trees] so you better find something for warmth and cooking...well you can see where this is going. At this rate you better PRAY for global warming or start WALKING to the tropics and live on coconuts. 

Do you still not see how absurd your cries of insane demands are? No you don't. You never will, but you will carry on with your outrageous hypocritical rants and still seem to think you have some semblance of credibility! You are a joke to anyone with a grade 3 education or higher with the exception of union run schools from whence you came. 

When are we going to hear what YOUR fantastic ideas YOU have on keeping this planet running without using ANYTHING you say you hate so much? Grow up and try and do something productive with your lives that might HELP others instead of trying to take away things that most of us luv and realistically, can't live without!

Texas-The newest Country

The Country of Texas ~ being that Texas is the only state with a legal right to secede from the Union . (Reference the Texas-American Annexation Treaty of 1848.)

We Texans love y'all, but we'll probably have to take action if Barack Obama wins the election. We'll miss you too.

Here is what can happen:

1: Barack Hussein Obama is President of the United States, and Texas secedes from the Union in summer of 2013.

2: George W. Bush will become the President of the Republic of Texas . You might not think that he talks too pretty, but we hadn't had another terrorist attack, and the economy was fine until the effects of the Democrats lowering the qualifications for home loans came to roost.
So what does Texas have to do to survive as a Republic?

1. NASA is just south of Houston , Texas . We will control the space industry.

2. We refine over 85% of the gasoline in the United States .

3. Defense Industry--we have over 65% of it. The term "Don't mess with Texas," will take on a whole new meaning.

4. Oil - we can supply all the oil that the Republic of Texas will need for the next 300 years. What will the other states do? Gee, we don't know. Why not ask Obama?

5. Natural Gas - again we have all we need, and it's too bad about those Northern States. John Kerry and Al Gore will have to figure out a way to keep them warm....

6. Computer Industry - we lead the nation in producing computer chips and communications equipment -small companies like Texas Instruments, Dell Computer, EDS, Raytheon, National Semiconductor,Motorola, Intel, AMD, Atmel, Applied Materials, Ball Microconductor, Dallas Semiconductor, Nortel, Alcatel, etc, etc. The list goes on and on.

7. Medical Care - We have the research centers for cancer research, the best burn centers and the top trauma units in the world, as well as other large health centers. The Houston Medical Center alone employees over 65,000 people.

8. We have enough colleges to keep us getting smarter: University of
Texas , Texas A&M, Texas Tech, Texas Christian, Rice, SMU, University
of Dallas , University of Houston , Baylor, UNT ( University of North
Texas ), Texas Women's University, etc. Ivy grows better in the South anyway. 
9. We have an intelligent and energetic work force, and it isn't restricted by a bunch of unions. Here in Texas , it's a Right toWork State and, therefore, it's every man and women for themselves. We just go out and get the job done. And if we don't like the way one company operates, we get a job somewhere else.

10. We have essential control of the paper, plastics, and insurance industries, etc.

11. In case of a foreign invasion, we have the Texas National Guard, the Texas Air National Guard, and several military bases. We don't have an Army, but since everybody down here has at least six rifles and a pile of ammo, we can raise an Army in 24 hours if we need one. If the situation really gets bad, we can always call the Department of Public Safety and ask them to send over the Texas Rangers. 
12. We are totally self-sufficient in beef, poultry, hogs, and several types of grain, fruit and vegetables, and let's not forget seafood from the Gulf. Also, everybody down here knows how to cook them so that they taste good. Don't need any food.

13. Three of the ten largest cities in the United States , and twenty- three of the 100 largest cities in the United States , are located inTexas. And Texas also has more land than California , New York , New Jersey , Connecticut , Delaware , Hawaii , Massachusetts , Maryland , Rhode Island and Vermont combined.

14. Trade: Three of the ten largest ports in the United States are located in Texas .

15. We also manufacture cars down here, but we don't need to. You see, nothing rusts in 
Texas, so our vehicles stay beautiful and run well for decades.

This just names a few of the items that will keep the Republic of Texas in good shape. There isn't a thing out there that we need and don't have.

Now to the rest of the United States under President Obama: Since you won't have the refineries to get gas for your cars, only President Obama will be able to drive around in his big 5 mpg SUV.The rest of the United States will have to walk or ride bikes.

You won't have any TV as the Space Center in Houston will cut off satellite communications. You won't have any natural gas to heat your homes, but since Mr. Obama has predicted global warming, you will not need the gas as long as you survive the 2000 years it will take to get enough heat from Global Warming. 

Signed,
The People of Texas

P.S. This is not a threatening letter - just a note to give you something to think about!

SLEEP WELL TONIGHT - THE EYES OF TEXAS ARE UPON YOU!!

JW Sues Fed for Records Detailing U.S. Taxpayer Bailout of European Banks

Why on Earth is our government sending billions upon billions of dollars overseas to bail out European banks? That question is at the center of a new Judicial Watch investigation as we continue our effortto force the Obama administration to come clean on all aspects of the ongoing bailouts - which began five years ago and, despite what some politicians may tell you, never really ended.  On Tuesday we sued the Board of Governors for the Federal Reserve System and the Federal Open Market Committee (FOMC), a committee within the Federal Reserve, for records detailing the Fed's December 2011 taxpayer-funded bailouts of European Banks.

 

But wait a moment... Didn't Federal Reserve Chairman Ben Bernanke sayin a December 14, 2011, meeting with Senate Republicans that he lacked the authority to use taxpayer dollars to bail out troubled European banks? Yes, he reportedly did just that. However, a "currency swap" program extended by the Fed on November 30, 2011, led to nearly $95 billion in loans to the European Central Bank in December 2011 alone. Let's take a look at how this "swap" works. Under what is known as a "temporary U.S. dollar liquidity swap arrangement," the Fed lends U.S. dollars to foreign central banks which then auction these dollars off to their local banks. The Fed's stated intent for initiating the program was to ease lending for European banks during the financial crisis. The Fed initiated the program in December 2007 and allowed it to expire in February 2010. In May 2010, the Fed rebooted the program and on November 30, 2011, extended it through February 1, 2013. This extension prompted a sharp increase from $400 million to $95 billion in loans in December 2011. How is this different from any other run-of-the-mill bailout? It isn't. And that's why we want to uncover as many details as possible about why these swaps are taking place and under what circumstances. On January 3, 2012, we submitted Freedom of Information Act (FOIA) requests seeking communications between the Federal Reserve Board of Governors, the FOMC, the Federal Reserve Bank of New York and the European Central Bank related to the November 30, 2011, currency swap extension. We also want access to records describing the justification for extending the currency swap program, as well as individual details regarding each swap transaction. Moreover, given that little information is available to the public regarding the identities of the recipients of currency swap funds, Judicial Watch also seeks, "any and all records identifying, describing, or setting forth the identity of any bank or financial institution and the collateral offered by the bank or financial institution," between December 5, 2011, through December 31, 2011. Here's why this last request is important, per Bloomberg: For all the transparency forced on the Federal Reserve by Congress and the courts, one of the central bank's emergency-lending programs remains so secretive that names of borrowers may be hidden from the Fed itself. As part of a currency-swap plan active from 2007 to 2010 and revived to fight the European debt crisis, the Fed lends dollars to other central banks, which auction them to local commercial banks...While the transactions with other central banks are all disclosed, the Fed doesn't track where the dollars ultimately end up, and European officials don't share borrowers' identities outside the continent. The Federal Reserve Bank of New York reports that, as of March 31, the European Central Bank had $33 billion in outstanding swaps. The secrecy of these arrangements has beencriticized by Gerald O'Driscoll, a former Vice President of the Federal Reserve Bank of Dallas, as "bailing out European banks and, indirectly, spendthrift European governments. It is difficult to count the number of things wrong with this arrangement." Regarding our basic FOIA request, the Federal Reserve Board of Governors and the FOMC can't say it was "lost in the mail." The stonewalling is intentional. Both entities acknowledged receipt of our records request on January 3, 2012, and were required by law to respond by February 1, 2012. However, as of the date of Judicial Watch's lawsuit, neither defendant has submitted a lawful response to Judicial Watch's original FOIA request. Chairman Bernanke can dress it up in whatever language he chooses, but these "currency swaps" are nothing more than massive bailouts of European banks. That we have to sue to get basic information about this massive bailout speaks volumes about the dubious nature of this under-the-radar program. But this secrecy is not altogether surprising considering that we have had to sue the "super transparent" Obama administration for records related to the bailout/government takeover of U.S. companies. At this point, with trillions of dollars now committed to this Big Government takeover of the private sector, we still do not have any answers regarding the legal justification used to authorize the bailouts. No Congress voted to bail out Europe. And no president, let alone this one, signed a law authorizing such a bailout. From the beginning, the bailouts have been marked by contempt for the rule of law.  And, now, with a massive secret bailout of "Europe" underway, there seems to be no controlling legal authority for our nation's central bank and the politicians who refuse to seriously police the Fed's activities. Judicial Watch aims to change that and bring sunlight and the rule of law to this out-of-control government operation. From Judicial Watch, which we fully support here.

Will Government Motors go bankrupt again?

The Story No One Tells About One of America's Biggest Bankruptcies

The GM situation is a microcosm of what's gone wrong in our country. In the June issue of my Investment Advisory, I argued that the bankruptcy process resolved none of GM's core problems. The process was subverted by the political establishment, which sought to protect one class of citizen at the expense of the regional economy, GM's bondholders, and its customers. If we can't apply the rule of law and sound economics to fixing one of the world's most important manufacturing concerns… it doesn't bode well for anyone else being afforded these privileges, either. That's why it's so important for you to understand what happened. Most people simply don't realize that the bailout of GM wasn't a bailout of the company. It wasn't a bailout of its shareholders, who lost everything… or its bondholders, who lost almost everything. Where did the money go? To the union. The United Auto Workers (UAW) ended up with all the money. Let me show you how… GM slid into bankruptcy primarily because it couldn't profitably manufacture cars. (Yes, there were plenty of other issues, like too much debt, investments in subprime mortgages, etc. But the primary reason it couldn't solve these other problems was that it hadn't been making routine profits from manufacturing cars in about 20 years.) And the biggest single reason it couldn't profitably make cars was because its labor costs had soared. Well, guess what? At $56 per hour, GM still has the highest labor costs in the industry. The bankruptcy process didn't deal with the biggest financial hurdle GM faces, which is an enormous (and growing) unfunded pension liability. When the company entered bankruptcy, it owed $20 billion to the trust that was established to pay for the health care of its retired workers. Its pension program, with $100 billion in obligations, was also underfunded by roughly $10 billion. That's $30 billion in legitimate claims, which the union had to present to the bankruptcy court on behalf of GM's employees. It could have received a mixture of cash and equity in the new GM – just like any other unsecured creditor. But there wasn't really a bankruptcy court. Instead, there was Steve Rattner – "the Rat," as we call him – the crooked Democratic political operative under investigation for bribing New York State pension officials. Obama made him the "car czar." His job wasn't to fix GM. It was to deliver billions to the union and, thus, deliver Michigan for Obama in the next election. Bondholders at GM were owed $30 billion, too. A legitimate bankruptcy would have sold or liquidated the company's assets and split the proceeds between the two major claimants, the bondholders and the unions. GM had roughly $20 billion in tangible assets, plus probably another $10 billion in intellectual property. These sums could have either been liquidated or put into a new company, with the equity split between bondholders and unions. Not surprisingly, the current market cap of the new GM is $34 billion, right around the same number that could have been raised in a liquidation. The bankruptcy court should have given the unions roughly $15 billion worth of cash or new equity and the same thing to bondholders. Everyone would be square. And the company (or at least the company's assets) would have been freed from the stranglehold of huge debts and pension obligations. Taxpayers shouldn't have paid a dime in this process because, frankly, it's none of our business. Remember… the purpose of bankruptcy isn't to repay creditors. They're screwed. They're not getting all their money back because they bet on the wrong horse. That's how capitalism works. That's the price of liberty – you're free to make bad choices. The purpose of bankruptcy is to free productive assets from the burden of debts that can't be repaid or refinanced. We do this because it's good for society, not because it's good for creditors. Had the bankruptcy been handled legitimately, GM's assets would have ended up in the hands of better entrepreneurs. Its workers could have found new, productive jobs at a rate the market would bear. (Other carmakers are paying $47 per hour – these aren't bad jobs.) Yes, GM's retirees, its pension program, and its bondholders would have taken a hit. But they wouldn't have walked away empty-handed. They would have been the owners of a profitable company, operating debt-free and without the burden of almost endless obligations to a pension fund. But that's not what happened. Instead, the government injected an amazing $50 billion into the company and, at last count, has lost roughly half of it. How did taxpayers lose $25 billion on a company whose total tangible assets were only worth $20 billion? How did bondholders lose almost all of their $30 billion, too? And most importantly, how did our country end up with a GM that can't earn a genuine profit because of never-ending obligations to its pension fund? I think you probably know, dear subscriber. The Rat did what he was being paid to do. He delivered billions and billions of dollars to the union… amounts that will never be recovered… billions that will never be found. Here's what we do know about where the money went… Bondholders got 10% of the new GM – about $4 billion worth of stock at the time of the IPO. However, they weren't allowed to sell until much later, so that value dropped about one-third by the time they could have actually liquidated. Thus, bondholders ended up getting about 10 cents on the dollar. The unions, on the other hand, got paid 100% of the pension liability – about $10 billion, which was simply passed onto the new GM and has now grown to $13 billion. In addition, the union's health care trust got 17.5% of the new equity (worth about $6 billion), plus $9 billion in preferred stock and notes. These securities are not only worth more, but they will also likely end up with essentially all the company's cash flows for the next decade.  In total, the unions walked away with about $28 billion in cash and stock (out of $30 billion owed). Not surprisingly, that's almost exactly the amount of money that's gone missing from the government's accounts. The union also retained a position of absolute control over the company's earnings. In short, the unions got paid 93% of what they were owed and will likely continue to have a legal claim to virtually all of GM's cash flow. The bondholders got a few pennies. The taxpayers lost $25 billion. And GM still can't make a real profit. Bravo! I'm sure folks as virtuous, thrifty, and honest as the good people of the UAW will prove to be excellent stewards of GM's assets and reputation. Surely, GM's future has never been brighter. And Obama's legacy as the savior of Detroit is assured… By the way… the numbers above are all real. Most of the stuff you see reported about GM is not. There's a good reason for this, of course… The government continues to own a large portion of GM's stock, and GM is one of the largest advertisers in the U.S. Nobody wants to take on those two powerful interests. Take, for example, what Morgan Stanley's GM analyst, Adam Jonas, told the Wall Street Journal earlier this month… He claimed GM had gotten rid of 20% of its roughly $100 billion total pension obligation by spending only "$3 billion." Imagine if that were true! If the company was able to resolve $20 billion in obligations by spending $3 billion now, well… that would dramatically improve the financial standing of the business and probably double or triple its stock price. Strangely, that's not what happened. Instead, the credit ratings agencies warned they "might" have to downgrade GM's debt. And the share price continued to fall… I don't know Adam Jonas. And I don't know that the paper is quoting him fairly. But whatever the case, nothing could be further from the truth. GM unloaded $26 billion in future pension liabilities by contributing $25 billion in pension fund assets, $1 billion in cash, and paying $3 billion in an insurance premium. So what actually happened is that the company put virtually all of its earnings – $4 billion – toward its pension (again) and saw the total unfunded liability drop by a mere $1 billion, from $14 billion to $13 billion. Assuming the rest of these liabilities could be extinguished at the same rate, it would cost GM roughly $50 billion to wipe out all its remaining pension liabilities. Strangely, neither Jonas nor the Wall Street Journalsaw fit to mention that part… I'll leave you with these two simple questions… If we can't count on the media to keep us informed about the major problems of our country's most important companies… and if we can't count on the government (which still owns 26% of GM's equity) to deal with its pension obligations honestly and fairly… what does this say about the likely future prospects of GM? What does it say about our country? By Porter Stansberry

Princess Pelosi Chief Facilitator in Selling Off America to UN

For those of you not familiar with the UN [Useless Nazi's] Agenda 21, you had better start doing some homework on it very quickly. In short terms it means "collective rights trumping individual rights". Like the Liberals in Canada, taking away individual property rights, to doing away with the American Bill of Rights all together! Not only will you lose your individual rights and freedoms [what's left of them] you won't be allowed guns for protection or survival or have ANY say on what you can or can't do with your property! Read this from fellow Blogger Judy McLeod:

If the March 15 executive order, signed by Obama intended to make the all-encompassing United Nations Agenda 21 the law of the land, could be put into fairytale script, it would go something like this:
A long time ago while all were struggling through Life on Earth,  a cunning politician soon to be made infamous by the immortal words “we have to pass the bill so that you can find out what is in it” as ObamaCare was being forced on an unwilling public, was working an evil plan through a doofus Congress.



The accepted fake image of the United Nations as a warm fuzzy blanket could now be used to smother all facets of freedom, and the deed could be done before most even knew it was happening.
The cunning politician who starred in in this true story is more responsible than any other living person for the smothering UN blanket known as Agenda 21.


“A long time ago” in this nightmare fairytale come true was August 5, 1992.  That’s the day when Nancy Pelosi (CA) introduced a concurrent resolution in Congress (H.Con. Res. 353), dictating that the United States of America should reform all domestic and foreign policy to adhere to the agreements, develop a national strategy to implement Agenda 21, and regularly report to the United Nations our progress on that path. (freedom21santacruz.net).


“Undaunted by slow going in Congress, Nancy Pelosi returned to the house floor on March 29, 1993, and introduced a joint resolution (H.J. Res 166) to renew the call for the United States “to assume a strong leadership role in implementing…Agenda 21 and other Earth Summit agreements.”


Pelosi eventually gathered 67 co-sponsors for her bill, about half of whom are still collecting Congress pay checks to this very day.
Pelosi’s revolutionary resolutions were picked up by an incoming President Bill Clinton, who on June 14, 1993, with only six months in office, signed an executive order establishing the President’s Council on Sustainable Development (PCSD)—which would carry out the exact functions called for in Pelosi’s earlier resolutions.


Frick and Frack, once Pelosi and Clinton, is now Pelosi and Obama.
The transition could be seen in full view some 19 years later when on March 15, 2012, President Barack Obama issued an Executive Order creating the White House Council on Strong Cities, Strong Communities.  As venerable Internet writer Henry Lamb points out, “the next day, another controversial Executive Order, National Defense Resources Preparedness, vastly expanded the President’s power to control virtually all resources in times of emergency”.


With the worldwide creep of Agenda 21, it becomes easier to see that for all of his arrogant bravado, Barack Hussein Obama is just another cog in the big wheel when it comes to handing control of the USA over to the control-crazed UN.
In looking back on how America tragically began losing its very sovereignty, it becomes easy to understand why Pelosi wears a perpetual smirk as she antagonizespatriots trying to slow down and hopefully halt the promised Fundamental Transformation of America.


Major distractions have always had a big part to play in the Decline of America.
The history of how America was lost includes a president whose Monica Lewinsky antics took public attention away from what really mattered most and a smirking Nancy Pelosi, who after laying out the groundwork for Agenda 21, went on to become the most spite-driven House Leader of all time.


While Clinton’s impeachable distraction was Lewinsky, Obama’s distractions include bowing to America’s enemies, and running an administration from the luxury of holidays.
Before morphing into the blanket that began smothering life on earth as we know it, the United Nations traversed to the top of the power ladder via the astroturfed vision of being the world’s, innocent, warm, fuzzy blanket.


With all the cunning of the Marxist dialectic, the UN continues to hide its agenda behind long forgettable names like the International Council for Local Environment Initiatives (ICLEI) and the International Union for Conservation of Nature (IUCN), like all UN derivatives as evil in intent as they are benign sounding.  Lost in all the politically correct rhetoric is the fact that ICLEI was created at the behest of the UN expressly for the purpose of advancing Agenda 21 around the world.
Older in intent than even Pelosi, since 1995 these two organizations have been working ‘round the clock to force Agenda 21 on the masses by converting it into irrepealable binding international law.


Tea Party leaders beware: propagandists pushing the claim that Agenda 21 is just a “conspiracy theory” advanced by right-wing crackpots (Henry Lamb, Canada Free Press, March 24, 2012), are lining themselves up as available speakers for Tea Party gatherings.
With all the lies masquerading as truth in an astroturfed world, it is sometimes difficult to recognize the Agenda 21 players for who they really are.


Few clarify them as aptly as anothervoice.com which states: “Very important to understand.  The United States has already been given over to the One World Government.  It is not coming, the USA is absolutely in it now.  Also very important to understand, whether it is palatable or not, no election or politicians will change anything.  Every politician is a facilitator, whether they understand or not.  No politician can ever operate outside of this system.  It matters not what level.  From city councils to mayors to governors to representatives to senators, all they will ever be able to do is implement “the decisions of the Council”.  (The White House Council on Strong Cities, Strong Communities issued as Obama’s March 15 Executive Order).


While it sounds as if society has been contained like house flies in a tightly capped bottle, and even with 600 of the 1,200 cities around the world having already joined ICLEI for their assistance in implementing “sustainable development”, it is not too late for citizen-member groups who are fighting final implementation of Agenda 21.


These include Freedom21, Freedom Advocates in California, the American Policy Center, Tea Parties, 9/12 and property rights groups, among others.
These groups recognize politicians as the facilitators of Agenda 21.
There can be little doubt that more would fight the implementation of Agenda 21 if only they knew about it.


Both recognizing and identifying Agenda 21 ‘facilitators’ is crucial before it passes from its current testing the water stage to its subsequent legally-binding treaty.
Meanwhile if Agenda 21 could be represented in a folk song, it would be called This Land is Their Land.

Is the Government Going to Crash the Stock Market?

Trying to figure out where this president, a communist posing as a socialist is taking this country is becoming more clear after every campaign speech! He is following the direction of a scumbag called Saul Alinsky, page by page! 

• First- command the mainstream media, CBS, ABC, NBC, MSNBC, CNN, PBS and Bloomberg are already his left wing campaign broadcasters!
• Second- cause civil unrest across the country, obama, reid and princess pelosi have made it very clear they are behind the "occupy Wall St." anarchists!
• Third- make people dependent on government, we now have almost 50% of the population on some form of government subsidy in which they feel entitled. Try taking that away! 
• Fourth- crash the economy, well actions speak louder than words in this very ANTI-business, high taxing, regulation strangling administration!

We are now in the fourth and final part of this 100 year progressive campaign. It all started with the creation of the Fed, something our founders fought long and hard, tooth and nail to NOT allow to happen! Read this so you will know what is happening before most others:

Is the Government Going to Crash the Stock Market?

OK all you conspiracy theorists… dust off your aluminum foil hats and get out your J.D. Salinger novels. The government is going to push stock prices lower. The U.S. Treasury is going to be auctioning off another series of 30-year bonds on February 9. If this auction goes off like the last three have, stock prices are in for a rough time. Stocks sold off ahead of each of the three previous 30-year U.S. Treasury bond auctions. Now normally, I'm not a big believer in the government manipulation of stock prices. It probably does happen – just not to the extent that most of the folks in the "ham-radio" community think it does. But let's face it… The government needs investors to buy its bonds to help keep interest rates low. And what better way to encourage demand in bonds than to orchestrate a stock market selloff just ahead of a bond auction? Think about this… The government auctioned off $13 billion in 30-year bonds on November 10. The S&P 500 peaked above 1,280 just 10 days prior… and then bottomed at 1,230 the day before the auction. In December, the S&P 500 hit 1,260 early in the month. Then it declined 4% in five trading days… bottoming at 1,210 on December 14 – the day the U.S. Treasury auctioned $16 billion in 30-year bonds. January's action was less obvious. As all conspiracy advocates know, it's just like the government to try to be less obvious. Stocks didn't decline much ahead of the January 12 auction of $13 billion in 30-year bonds. But the market did fall hard the morning of the auction. So there you have it… Three auctions… three stock market drops. Interest rates have been rising recently as folks have taken money out of Treasurys in favor of better returns in the stock market. But the Treasury needs to somehow motivate investors to bid for at least $13 billion in 30-year bonds on February 9. I can't think of a better way to coax investors back into the Treasury market than to have stocks fall hard in the early days of February. Normally, it would seem absurd to think the government is actively manipulating stock prices. But given all the shenanigans the Fed has pulled over the past three years – and given the stock market action just before the past three bond auctions – it's almost absurd not to consider the possibility. The market is already poised for at least a short-term pullback. Investor sentiment (a contrary indicator) is overwhelmingly bullish. Stocks are extended to the upside after rallying 5% already this month. And the Volatility Index (or "VIX") is on the verge of reversing higher. The upcoming Treasury bond auction is just one more reason – albeit a bit of a conspiracy theory – to be a little cautious with stocks here. Of course, once we get the February 9 auction out of the way, the stock market rally can continue. And we can get back to more important things… like looking for President Kennedy's real assassin.

obama and the price YOU pay for gas

If you can remember when Senator obama was running for President, one of his major campaign promises was on the price at the pumps! He said that gasoline at $3+ a gallon was seriously hurting American business and how he would change that. The fact that this, along with almost every other promise he made is and was a LIE, should come as NO surprise after seeing how low he has brought this country in 3 very long, financially draining years. 

Under Bush the average price of a barrel of oil was $35 a barrel and gas averaged $2.10  a gallon, under obama it is $96 a barrel and $3.52 a gallon! Now I know that the POTUS has minimal power over the price of oil [this didn't stop the dems calling for the head of Bush on a platter when it briefly went to $144 a barrel, nor did they give him credit when he brought back down to $33 a barrel BEFORE he left office] but he has gone out of his way to keep gas ABOVE $3 a gallon. 

His EPA and tree-hugger supporters have gone out of their way to shut down every refinery expansion, nuclear expansion, pipeline expansion and are now moving against natural gas, fracking, and shale gas/oil development. He and his cronies have lost hundreds of billions of YOUR tax dollars on subsidies for windmills and solar panels and bio fuels. If you took away the bio-fuel subsidies alone the price of corn [which is in 1/2 the food products in this country] would fall by half and the money he is taking from big oil to help pay for this would take a $1.50 of the price of a gallon of regular gas alone.

Not only did he say we have to stop relying on hostile foreign countries for our energy needs [another lie] by turning down CANADA, our biggest trading partner proves this, he is keeping the price of fossil fuels deliberately high by making our new #1 export, .....you guessed it [or maybe not] FUEL! Here is the latest from Yahoo News:

In a first, gas and other fuels are top US export

For the first time, the top export of the United States, the world's biggest gas guzzler, is — wait for it — fuel.

Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels.

Just how big of a shift is this? A decade ago, fuel wasn't even among the top 25 exports. And for the last five years, America's top export was aircraft.

The trend is significant because for decades the U.S. has relied on huge imports of fuel from Europe in order to meet demand. It only reinforced the image of America as an energy hog. And up until a few years ago, whenever gasoline prices climbed, there were complaints in Congress that U.S. refiners were not growing quickly enough to satisfy domestic demand; that controversy would appear to be over.

Still, the U.S. is nowhere close to energy independence. America is still the world's largest importer of crude oil. From January to October, the country imported 2.7 billion barrels of oil worth roughly $280 billion.

Fuel exports, worth an estimated $88 billion in 2011, have surged for two reasons:

— Crude oil, the raw material from which gasoline and other refined products are made, is a lot more expensive. Oil prices averaged $95 a barrel in 2011, while gasoline averaged $3.52 a gallon — a record. A decade ago oil averaged $26 a barrel, while gasoline averaged $1.44 a gallon.

— The volume of fuel exports is rising. The U.S. is using less fuel because of a weak economy and more efficient cars and trucks. That allows refiners to sell more fuel to rapidly growing economies in Latin America, for example. In 2011, U.S. refiners exported 117 million gallons per day of gasoline, diesel, jet fuel and other petroleum products, up from 40 million gallons per day a decade earlier.

There's at least one domestic downside to America's growing role as a fuel exporter. Experts say the trend helps explain why U.S. motorists are paying more for gasoline. The more fuel that's sent overseas, the less of a supply cushion there is at home.

Gasoline supplies are being exported to the highest bidder, says Tom Kloza, chief oil analyst at Oil Price Information Service. "It's a world market," he says.

Refining companies won't say how much they make by selling fuel overseas. But analysts say those sales are likely generating higher profits per gallon than they would have generated in the U.S. Otherwise, they wouldn't occur.

The value of U.S. fuel exports has grown steadily over the past decade, coinciding with rising oil prices and increased demand around the globe.

Developing countries in Latin America and Asia have been burning more gasoline and diesel as their people buy more cars and build more roads and factories. Europe also has been buying more U.S. fuel to make up for its lack of refineries.

And there's a simple reason why America's refiners have been eager to export to these markets: gasoline demand in the U.S. has been falling every year since 2007. It dropped by another 2.5 percent in 2011. With the economy struggling, motorists cut back. Also, cars and trucks have become more fuel-efficient and the government mandates the use of more corn-based ethanol fuel.

The last time the U.S. was a net exporter of fuels was 1949, when Harry Truman was president. That year, the U.S. exported 86 million barrels and imported 82 million barrels. In the first ten months of 2011, the nation exported 848 million barrels (worth $73.4 billion) and imported 750 million barrels.