Sunday, November 30, 2008
Posted by Ryan Renshaw at 8:53 PM
Don’t let the government trick you out of understanding the true value of gold and silver in the coming era of economic survival...
What’s really going on with gold and silver?
When gold hit $700 per oz, it brought the price to a negative 7% compared to a year ago. This would roughly mirror the huge correction “within” the bull market we saw from 1970 to 1980. The same Bull Run that took gold from $34.50oz. In January 1970, to $850oz. by January 1980, that’s roughly a 2,450% increase!
The question still lies… Why has gold dropped?
I challenge you to see things for what they really are, in terms of U.S. dollars; Gold has indeed dropped from its March highs of $1,000 per oz.
That’s only because gold is traded in U.S. dollars and the U.S. dollar has rose so much against other currencies. In fact, if you are in Australia, New Zealand, Europe, or most other countries, gold is actually at an all time high!
Let’s take a closer look at the reasons the U.S. dollar has surged higher.
To say the U.S. dollar rally is real or sustainable is like saying everything we know about economics is wrong! How can the U.S. dollar get stronger as the U.S. economy deteriorates?
The obvious answer is that it can’t!
The U.S. dollar is being devalued at an alarming rate. Faster than what took place in Argentina, Mexico, and Russia put together. The only difference is that our government has better ways to hide it.
Just think about the recent bailouts, how much has our government thrown down the endless “bail out hole”…
Let’s add it up!
$ 800 billion to support mortgage consumer debt.
$100 billion for Fannie Mae
$100 billion for Freddie Mac
$150 billion for Stimulus package (from January)
$8 billion for Indymac
$29 billion for Bear Stearns
$ 700 billion for Wall Street ( Bank of America; Merill Lynch, City Group, JP Morgan, Washington Mutual, Wells Fargo; Wachovia, Morgan Stanley, Goldman Sachs…)
$143.8 Billion for AIG ( which keeps growing)
$25 Billion for the big three in Detroit.
$138 billion for Lehman Brothers (post bankruptcy) through JP Morgan.
$ 50 Billion for money market funds.
$ 620 billion for general currency swaps from the feds.
Totaling : $2,863,800,000,000
This doesn’t include the hundreds of billions the feds have and will continue to buy in commercial paper. Plus, what they lend out to other financial firms.
Not to mention, the feds recent supply of new credit lines to Brazil, Mexico, South Korea, and Singapore to “help those countries deal with the global credit crisis.” The feds will start at $30 billion and have promised up to $100 billion dollars per country.
Can someone say hyper-inflation!
If you can’t see where the U.S. dollar and gold are headed, I’ll be crystal clear! The dollar is going in the exact same direction as the Zimbabwe dollar and Mexican peso. Between the last devaluations of the peso, it’s lost 99.9%. If you want to know the price of gold in old pesos; you just have to multiply gold by 100,000.
With everything that has taken place, many “main-stream” TV commentators believe or want us to believe, that the U.S. dollar is now the currency of choice; a safe haven or flight to quality.
Nothing can be further from the truth.
The fact is that the U.S. dollar is now seen as a liability, not an asset. More and more countries are walking away from it.
The reason the U.S. dollar has gone higher is due to the $598 trillion dollar derivatives market. You see, hedge funds have over leveraged themselves and have been hit with tremendous margin calls as markets move against them. They have been forced to liquidate their investments overseas, which is why overseas markets are now crashing. They’re liquidating to come up with equity to pay off margin accounts, which need to be paid off in U.S. dollars.
The dollar is NOT rising because it’s a “safe haven” or a flight to quality; but rather to satisfy U.S. margin accounts. Remember until further notice, margin accounts in most emerging world markets can also be satisfied in U.S. dollars hence, the surge in demand for the U.S. dollar over the past few weeks.
Now let’s talk about deflation. It’s true deflation is here! Deflation is a normal stage in any depressionary economic cycle. Prices of goods and services are going down, they have to. We have an over inventory of cars, electronics, homes, etc… The universal law of supply and demand kicks in.
Sellers of goods and services are forced to devalue their prices in order to attract buyers. Regardless of lower prices, people just aren’t buying.
Have no fear, deflation won’t be here long. The un-federal reserve assures us of that, every time they create money out of thin air.
Hyper inflation is just around the corner!
Anyone with a head on their shoulders knows that current consumer price index (CPI) is phony! Real inflation is much higher then government reported numbers.
Whether you believe hyper inflation is coming or not, you better prepare for it.
It happened to the Argentina, Russia, Germany, and recently to Zimbabwe.
It’s true; our government is just as irresponsible in their creation of money.
Another key issue that’s looming on the horizon is the five dollar floor for mutual funds. By law, mutual funds have to sell out of stocks that are trading under $5 per share. With the recent drop in the Dow, a lot of stocks are getting dangerously close to that mark, and when they get there, all mutual funds holding that stock, will have to sell it, creating a snow ball effect. Plus don’t forget we are walking into the worst retail Christmas season, ever forecasted. When the depressing numbers hit Wall Street, get ready to see the DOW take another dive!
Now let’s talk about the nasty rumor of market manipulation and price fixing in the gold and silver markets.
The commodity futures trading commission (CFTC) puts out the “Commitments of Traders” (COT) reports. In where the public can clearly see the net long or short positions held by non-commercial and commercial institutions in all exchange trade commodity markets. Well, without dragging this out..
It’s true! Up until the first week of November, two well known bullion banks held %76 of all the short positions in the silver pits and the same two Institutions also held 60% of all the short positions in the gold pits at the New York Mercantile Exchange and the COMEX division.
The question is, “can this go on forever”? The answer is NO!
In fact, the CFTC is now in an active investigation of both the gold and silver pits.
Plus! At or before the expiration of the specified futures contract (gold/silver) all short positions must be satisfied by either the sale of the commodity (gold and silver) or the buying back of the short position. Well, we know they can’t sell metals they don’t have, therefore the only other option is to buy the short positions back, with a sizable profit I’m sure. Nevertheless, they will be bought back. Which will add a frenzy of buying, ultimately sparking the next Bull Run in that market.
Ladies and gentlemen, the time has never been better to own tangible gold and silver. We all know what gold and silver are capable of when the buying frenzy starts. You don’t need to be a doomsdayer to know that the worst is yet to come.
The largest load of bank loans re-adjusting the first quarter of 2009 and not stopping until 2012
Crashing U.S. dollar
The introduction of the North American Union and the Amero.
We encourage you to acquire tangible gold and silver not so much for profit, but rather for protection.
Posted by Ryan Renshaw at 4:41 PM
Tuesday, November 25, 2008
Monday, November 24, 2008
*** GOLD *** why it is important .... HOW MUCH IT HAS GAINED on the DOW the past DECADE ... A LESSON
Gold never really gains Value or loses much value except in nominal terms .... an OUNCE has pretty much bought the same amounts of OIL WHEAT CORN ETC for over a hundred years and taking OIL out hundreds of years on other commodities...
ONE MUST REALIZE we have a FIAT CURRANCY and it will ALWAYS BE IN INFLATION ( A GRADUAL STEALTH TAX ON THE PEOPLE )
SO even though the DOW might APPEAR to be going up... sometimes I DARESAY its ONLY AN ILLUSION AND INFLATION...
besides BUBBLES( which ALWAYS BUST )and sometimes true ecdonomic growth ...
The last Decade was merely a Bubble of Credit and not true growth ....
GOLD IS ONLY a STORE of WEALTH not a way to make money ... it does PRESERVE your wealth in bad economic times though and allows you to come out on the other side able to use your wealth to make real economic gains once again...
The only important number in the DOW becuase of INFLATION
is the DOW priced in OUNCES of GOLD ....
or how many OUNCES of GOLD it takes to buy the DOW...
The DOW has been SLIPPING AGAINST GOLD FOR 10 years and SEEMS MORE THAN LIKELY on a path to CONVERGE at 1 ounce of gold buying 1 unit of the DOW
Take a look at this graph to see the decline
in 1999 it took 45 ounces of GOLD to buy a unit of the DJIA (DOW)
1999 - 45 ounces
2001 - 42 ounces
2003 - 25 ounces
2005 - 25 ounces
2007 - 20 ounces
2008 - 12.5 ounces in AUGUST this year
PRESENT NOW - ABOUT 10 ounces of Gold will buy the DOW TODAY
I SAY it will converge at 1 ounce of gold buying 1 unit of the DOw in next few years could be as soon as next year ...
so price of DOW doesnt matter doesnt matter if it 100,000 .... all that matters is how many ounces of gold will buy that 100,000 .... and Im telling you if the dow was that hypothetical 100,000 in when gold and dow converge
that 1 ounce of gold will be 100,000 and ....
that will not mean gold made money it will mean gold preserved purchasing power during hyper inflation
- ryan renshaw
Posted by Ryan Renshaw at 4:28 PM
Nov. 24 (Bloomberg) -- The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago.
The money that’s been pledged is equivalent to $24,000 for every man, woman and child in the country. It’s nine times what the U.S. has spent so far on wars in Iraq and Afghanistan, according to Congressional Budget Office figures. It could pay off more than half the country’s mortgages.
“Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,” Bernanke said Nov. 18 to the House Financial Services Committee. “We think that’s counterproductive.”
did you catch that .....
“Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,” Bernanke said Nov. 18 to the House Financial Services Committee. “We think that’s counterproductive.”
look at what BERNAKE SAID !!!!!!!!!!!!!
“Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,” Bernanke said Nov. 18 to the House Financial Services Committee. “We think that’s counterproductive.”
these thiefs are taking care of their OWN AND ARE ANSWERABLE TO NO AMERICAN
Posted by Ryan Renshaw at 2:39 AM
Posted by Ryan Renshaw at 12:35 AM
Sunday, November 23, 2008
Things are now "Out of Control."
This international financial crisis is now out of control as the world asks if the USA has two presidents, one president or no president at all.
It would appear that Paulson is in financial control with Bernanke as his second.
I warned you by personal email long before the statement was proven totally correct that “This is it.” That was followed by “This is it, and it is now.” Many people laughed it off.
This is it, and it is now.
Now it is out of control.
Now we enter the Collapse of Confidence period.
Then we begin the Weimar Experience.
It has all hit the fan, and still the absolute majority have no clue. The OTC derivative dealers broke the system into millions of pieces of glass. This broken glass cannot be put back together.
It is heart rending to see a picture of GM autoworkers holding a prayer meeting for their retirement funds. The retirement money was never funded. It is a lost hope. This is another responsibility the government has undertaken that is going to go wild.
Those of you still in freeze frame are headed for lines around your bank. Your bank will likely be acquired by another bank that also is in deep trouble.
The US dollar, like a leaderless company, will lose its respect and therefore value.
In order of importance the following MUST be done unless you want to be one of the suffering masses that will be all too visible this winter:
1. You must have your assets held anywhere they are in true custodial-ship accounts. That type of account at a bank or broker states clearly that the assets held there are not on the balance sheet of the host financial entity. Those assets are clearly segregated in your name. This must be reviewed by counsel to be sure you have what you think you have. Don’t cheap out. All you have is depending on the validity of true custodial-ship accounts.
You cannot know all the banks are broke, however I feel ALL banks are broke because finance is an intertwined system that if visible would look like a spider’s web. Problems on the top will materialize all along the web. Therefore the singular most important step you must take is the establishment of a true custodial-ship account.
Do not assume you have this type of account unless a competent attorney reviews the account papers.
2. I am extremely concerned about those of you who persist in holding certificates for gold rather than holding the actual metal either delivered to you or held for you in a true custodial-ship type account. The scams out there in gold are plentiful. The only way to avoid these scams absolutely is to have your gold in your own possession.
Every other means of holding gold is steps away from perfection. Some will be ok, but many will not.
3. Why would anyone fail to either take paper certificates or order their financial agent to make direct registration book entry at the transfer agent? In most cases you only have until year-end to accomplish this strategy.
4. Withdraw from ETFs.
5. If you carelessly keep large assets with your broker you are as mad as a hatter. The FDIC DOES NOT have the money to guarantee all they are undertaking. Withdraw excess money constantly from any net broker. If you are so stubborn that you think you can trade to insure yourself when your funds are not making money while still getting your money that counts you are nuts. Admit to yourself you are nothing more than a gambling addict in a downward spiral.
6. Leave no gold or coins with any coin dealer.
7. If you can withdraw from your corporate retirement plan do it.
8. Withdraw from credit unions.
9. Withdraw from all money market instruments.
10. This is it.
11. It is now.
12. It is out of control NOW.
The next two months are going to be shocking, but nothing compared to what you will have to experience in 2009.
Posted by Ryan Renshaw at 8:54 PM
Credit and Credibility
Posted by Ryan Renshaw at 3:30 AM
Posted by Ryan Renshaw at 3:14 AM
"God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. ... And what country can preserve its liberties, if it's rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to the facts, pardon and pacify them. What signify a few lives lost in a century or two?
The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants. It is its natural manure."
(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President
Source: November 13, 1787, letter to William S. Smith, quoted in Padover's Jefferson On Democracy, ed., 1939
Posted by Ryan Renshaw at 1:11 AM
Saturday, November 22, 2008
Freedom -- this thought came to me and it seemed profound enough some future generations might want to remember it .... :)
I truly believe -- I have to believe - that at some point the people of this great nation will once again do the right thing and return our country back to the hands of the people and readhere to the constituion and shed ourselves of the federal reserve - IRS nightmare ...then return to the gold standard ...
if this does not come to pass we will ensure the future slavery of our own decendants...
Posted by Ryan Renshaw at 10:15 PM
Obama Selects Janet Reno's Anti-Gun Point Man As Next Attorney General
So much for "I support the Second Amendment," and so much for the notion of "change."
Media reports say President-elect Barack Obama has selected Eric Holder as his Attorney General, and that Holder may already have accepted the offer. Holder, as Deputy Attorney General under Janet Reno during the Clinton Administration, said that the Second Amendment does not protect an individual right, but instead protects the right to have a firearm when serving with a militia. After leaving office, Holder stuck to that assertion when he signed Janet Reno's brief to the Supreme Court in the Heller case, which stated, "The Second Amendment does not protect firearms possession or use that is unrelated to participation in a well-regulated militia."
At the Justice Department, Holder advocated a waiting period, limiting gun purchases to one per month, and so-called "gun show loophole" legislation--the fine print of which would have driven gun shows out of business. Holder made it clear that he, Clinton, and Reno were more interested in stopping gun sales than in regulating them. When ABC's George Will asked him about guns being used for self-defense more often than to commit crime, and Right-to-Carry states having lower crime rates than other states, Holder dismissed the facts that Mr. Will raised, with the flippant statement, "I'm not sure that we need more than the 200 million or so guns that we have on the streets."
In the same interview, Holder claimed that gun control was responsible for crime declining in the 1990s, when criminologists, law enforcement professionals, and sociologists attributed the trend to other factors entirely. We wonder what Holder would say today, since the federal ban on "assault weapons" and standard-equipment magazines holding more than 10 rounds has expired, the number of privately owned guns has risen by 35-40 million, and yet, murder and total violent crime have declined even more than before.
After leaving the Justice Department, Holder kept his anti-gun bona fides up-to-date by writing a column in the Washington Post advocating a law that would ban any gun sale without a background check--even between family members and close friends--and also "give the Bureau of Alcohol, Tobacco and Firearms a record of every firearm sale." Holder claimed--since his column appeared just a month after the September 11, 2001 attacks--that his national gun registration scheme would help protect us from terrorists, when, in reality, this was just political opportunism at its worst.
Obama's selection of a Clinton Administration veteran with an anti-gun record as long as his own, signals that the new president is just as committed to his promise of respecting the Right to Keep and Bear Arms, as he is to his promise of change: "Yes We Can" get elected by lying to the American people.
Posted by Ryan Renshaw at 2:49 PM
its not just conservatives ... its liberals conservatives and independents in power that are part of the council on foriegn relations and its agenda ... screw them all
AND NEVER EVER VOTE for any politician on any level that is in support of the council on foriegn relations or the federal reserve ... they are the enemy of the american people
Posted by Ryan Renshaw at 4:17 AM
Friday, November 21, 2008
Thursday, November 20, 2008
Posted by Ryan Renshaw at 8:18 PM
Posted by Ryan Renshaw at 8:10 PM
Posted by Ryan Renshaw at 8:01 PM
I am a student of history and have studied it all my life. I think there is something monumentally large afoot, and I do not believe it is just a banking crisis, or a mortgage crisis, or a credit crisis. Yes these exist, but they are merely single facets on a very large gemstone that is only now coming into a sharper focus.
Something of historic proportions is happening. I can sense it because I know how it feels, smells, what it looks like, and how people react to it. Yes, a perfect storm may be brewing, but there is something happening within our country that has been evolving for about ten - fifteen years. The pace has dramatically quickened in the past two.
We demand and then codify into law the requirement that our banks make massive loans to people we know they can never pay back? Why?
We learn just days ago that the Federal Reserve, which has little or no real oversight by anyone, has loaned two trillion dollars (that is $2,000,000,000,000) over the past few months, but will not tell us to whom or why or disclose the terms. That is our money. Yours and mine. And that is three times the 700B we all argued about so strenuously just this past September. Who has this money? Why do they have it? Why are the terms unavailable to us? Who asked for it? Who authorized it? I thought this was a government of we the people, who loaned our powers to our elected leaders. Apparently not.
We have spent two or more decades intentionally de-industrializing our economy. Why?
We have intentionally dumbed down our schools, ignored our history, and no longer teach our founding documents, why we are exceptional, and why we are worth preserving. Students by and large cannot write, think critically, read, or articulate. Parents are not revolting, teachers are not picketing, school boards continue to back mediocrity. Why?
We have now established the precedent of protesting every close election (now violently in California over a proposition that is so controversial that it wants marriage to remain between one man and one woman. Did you ever think such a thing possible just a decade ago?). We have corrupted our sacred political process by allowing unelected judges to write laws that radically change our way of life, and then mainstream Marxist groups like ACORN and others to turn our voting system into a banana republic. To what purpose?
Now our mortgage industry is collapsing, housing prices are in free fall, major industries are failing, our banking system is on the verge of collapse, social security is nearly bankrupt, as is medicare and our entire government, our education system is worse than a joke - the list is staggering in its length, breadth, and depth. It is potentially 1929 x ten. And we are at war with an enemy we cannot name for fear of offending people of the same religion, who cannot wait to slit the throats of your children if they have the opportunity to do so.
And now we have elected a man no one knows anything about, who has never run so much as a Dairy Queen, let alone a town as big as Wasilla, Alaska. All of his associations and alliances are with real radicals in their chosen fields of employment, and everything we learn about him, drip by drip, is unsettling if not downright scary (Surely you have heard him speak about his idea to create and fund a mandatory civilian defense force stronger than our military for use inside our borders? No? Oh of course. The media would never play that for you over and over and then demand he answer it. Sarah Palins pregnant daughter and $150,000 wardrobe is more imporant.)
Mr. Obamas winning platform can be boiled down to one word: change.
I have never been so afraid for my country and for my children as I am now.
This man campaigned on bringing people together, something he has never, ever done in his professional life. In my assessment, Obama will divide us along philosophical lines, push us apart, and then try to realign the pieces into a new and different power structure. Change is indeed coming. And when it comes, you will never see the same nation again.
And that is only the beginning.
And I thought I would never be able to experience what the ordinary, moral German felt in the mid-1930s. In those times, the savior was a former smooth-talking rabble-rouser from the streets, about whom the average German knew next to nothing. What they did know was that he was associated with groups that shouted, shoved, and pushed around people with whom they disagreed; he edged his way onto the political stage through great oratory and promises. Economic times were tough, people were losing jobs, and he was a great speaker. And he smiled and waved a lot. And people, even newspapers, were afraid to speak out for fear that his brown shirts would bully them into submission. And then, he was duly elected to office, a full-throttled economic crisis at hand [the Great Depression]. Slowly but surely he seized the controls of government power, department by department, person by person, bureaucracy by bureaucracy. The kids joined a Youth Movement in his name, where they were taught what to think. How did he get the people on his side? He did it promising jobs to the jobless, money to the moneyless, and goodies for the military-industrial complex. He did it by indoctrinating the children, advocating gun control, health care for all, better wages, better jobs, and promising to re-instill pride once again in the country, across Europe, and across the world.
He did it with a compliant media did you know that? And he did this all in the name of justice and . . . change. And the people surely got what they voted for.
(Look it up if you think I am exaggerating.)
Read your history books. Many people objected in 1933 and were shouted down, called names, laughed at, and made fun of. When Winston Churchill pointed out the obvious in the late 1930s while seated in the House of Lords in England (he was not yet Prime Minister), he was booed into his seat and called a crazy troublemaker. He was right, though.
Dont forget that Germany was the most educated, cultured country in Europe. It was full of music, art, museums, hospitals, laboratories, and universities. And in less than six yearsa shorter time span than just two terms of the U. S. presidency it was rounding up its own citizens, killing others, abrogating its laws, turning children against parents, and neighbors against neighbors. All with the best of intentions, of course. The road to Hell is paved with them.
As a practical thinker, one not overly prone to emotional decisions, I have a choice: I can either believe what the objective pieces of evidence tell me (even if they make me cringe with disgust); I can believe what history is shouting to me from across the chasm of seven decades; or I can hope I am wrong by closing my eyes, having another latte, and ignoring what is transpiring around me.
Some people scoff at me, others laugh, or think I am foolish, naive, or both. Perhaps I am. But I have never been afraid look people in the eye and tell them exactly what I believea nd why I believe it.
I pray I am wrong. Unfortunately, I do not think I am.
Posted by Ryan Renshaw at 6:06 AM
ALRIGHT I KNOW THIS IS NOT POLITICAL BUT ITS THE FUNNIEST THING IVE SAW IN AWHILE
Posted by Ryan Renshaw at 5:06 AM
Wednesday, November 19, 2008
How Obama Got Elected... Interviews With Obama Voters --- UNREAL PEOPLE THIS UNINFORMED and I dare say unintelligent CAN VOTE
UNREAL WHO ACTUALY GETS TO VOTE !!!
Posted by Ryan Renshaw at 2:28 PM
OBAMA doesnt have a clue about DEFICIT SPENDING ... showing how ignorant and dangerous he truly could become
"Air America is pointed nose down at 60 degrees in a full-power dive and we're dangerously close to structural failure of the wings. If our trajectory is not altered now our nation is going to play economic lawn dart at 600mph - possibly within weeks, likely within months.
We have squandered more than $2 trillion that has been blown via commitment or direct expense down the rathole of coverups, handouts and bailouts, and we will need that money in the next couple of years to feed, clothe and shelter our people. Thanks to Bernanke, Paulson and Congress its gone.
Barack Obama made the statement that "deficits are not important" on 60 Minutes Sunday.
He is going to get a rude surprise; the President of the United States is subservient to the bond market - specifically, he is subservient to the willingness of foreigners to finance our deficit spending. Embroiled in their own mess this capacity is quickly eroding, and over the last ten years our Treasury has put itself in the unenviable position of shortening the maturity of its outstanding debt (to get lower interest rates) which raises the potential of a rollover funding "emergency".
I have said it before and I'll say it again - President Obama is going to find himself on the wrong end of reality, and be forced into austerity measures that neither he or Americans are going to like one little bit. I wouldn't want his job when he is forced to go on Prime Time TV to tell America that we simply can't finance our profligate spending any more and that serious, real, across-the-board cuts are going to have to be made to our federal budget, entitlements and "promises" - that we simply cannot keep those promises. Historically there is only one other way out of the trap we are now in.
Start a war. A really big one - big enough to kill a couple million Americans (reducing competition for jobs) and destroy a trillion or more dollars in American "stuff" (that will have to be replaced.)That option would truly suck.Oh, and if you think that the FDIC presentation today on CSPAN is a model for "preventing foreclosures", you might not want to read this:
"Industry evidence indicates that in a majority of instances loan modifications simply delay the timeline from default to foreclosure but don't prevent them from taking place," Nathaniel Otis and William Clark, analysts at KBW, wrote in a note to investors on Tuesday.
For the industry in general, after mortgages are modified roughly 25% go delinquent again after just one post-modification payment and more than half end up delinquent after several post-modification payments, Lender Processing Services told the analysts. So much for "putting a floor under home prices", "keeping people in their homes" and "an effective program to prevent foreclosures."I know, I know, telling the truth is difficult in front of Congress, as we've seen, and Congress is too spineless to issue a contempt citation (or ten.) They sure don't want truth-tellers on their panels, or they'd have invited people like Mish and myself to come testify!
Posted by Ryan Renshaw at 1:08 PM
Posted by Ryan Renshaw at 12:28 AM
Tuesday, November 18, 2008
I CHALLENGE YOU TO FIGURE up your GROSS income for the year....
now subtract out all the taxes you pay EVERY YEAR !!!
mad yet ?
dont forget all the taxes below that are well hidden so you dont think about them much !!!!!!!!!!!!!!!!!!
If you don't read it all, go to the ending then you may want to. Isn't this amazing?
Accounts Receivable Tax
Building Permit Tax
Capital Gains Tax
CDL license Tax
Corporate Income Tax
Court Fines (indirect taxes)
Dog License Tax
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel permit tax
Gasoline Tax (42 cents per gallon)
Hunting License Tax
Inheritance Tax Interest expense (tax on the money)
Inventory tax IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Local Income Tax
Marriage License Tax
Real Estate Tax
Septic Permit Tax
Service Charge Taxes
Social Security Tax
Road Usage Taxes (Truckers)
Recreational Vehicle Tax
Road Toll Booth Taxes
State Income Tax
State Unemployment Tax (SUTA)
Telephone federal excise tax
Telephone federal universal service fee tax
Telephone federal, state and local surcharge taxes
Telephone minimum usage surcharge tax
Telephone recurring and non-recurring charges tax
Telephone state and local tax
Telephone usage charge tax
Toll Bridge Taxes
Toll Tunnel Taxes
Traffic Fines (indirect taxation)
Trailer registration tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft registration Tax
Well Permit Tax
Workers Compensation Tax
COMMENTS: Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt, had the largest middle class in the world and Mom stayed home to raise the kids. What the hell happened?
TIME FOR ANOTHER BOSTON TEA PARTY ?
Posted by Ryan Renshaw at 7:24 PM
About the time our original thirteen states adopted their new constitution in 1787, Alexander Tyler, a Scottish history professor at the University of Edinburgh, had this to say about the fall of the Athenian Republic some 2,000 years earlier:
'A democracy is always temporary in nature; it simply cannot exist as a permanent form of government.''A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury.'
'From that moment on, the majority always vote for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due toloose fiscal policy, which is always followed by a dictatorship.
''The average age of the world's greatest civilizations from the beginning of history, has been about 200 years'
'During those 200 years, those nations always progressed through the followingsequence:
1. from bondage to spiritual faith;
2. from spiritual faith to great courage;
3. from courage to liberty;
4. from liberty to abundance;
5. from abundance to complacency;
6. from complacency to apathy;
7. from apathy to dependence;
8. from dependence back into bondage'
WE ARE ENTERING THE DEPENDENCE STAGE NOW !!!
Posted by Ryan Renshaw at 5:01 PM
Monday, November 17, 2008
YOU THINK WE CANT LOSE OUR RIGHT TO BEAR ARMS IN AMERICA ? ... THINK AGAIN WATCH VIDEO ON WHAT HAPPENED IN AUSTRALIA AND BRITAIN
WATCH THIS VIDEO IT WILL MAKE YOU SICK and you should ponder whether or not you ready to fight hard for this right in american soon the assualt will begin here as well
Posted by Ryan Renshaw at 2:57 PM
AN EXCELLENT READ and one that might make you think just a tad .... and wonder what the hell has happened to our country...
Posted by Ryan Renshaw at 12:08 PM
*** WARNING *** G20 summit LAID THE FOUNDATION for AMERICA and GREAT BRITIAN to give up their SOVERIENTY ... as well US by defa
AMERICAN LEADERS just laid the foundation to give up our ECONOMIC FREEDOM and our SOVEREINTY to the WORLD in a huge white flag of surrender ..... and no media outlet seems to care..... IF THE AVERAGE AMERICAN UNDERSTOOD WHAT THE FUCK JUST HAPPENED THERE WOULD BE RIOTS IN THE STREETS AND AN OVERTHROW OF OUR GOVERNMENT ... no matter which side of the political ISLE one might reside ....
The leaders of both parites are TRAITORS to their own people ...
main things to understand ....
1.) the use of the dollar as the worlds reserve currancy is over ... and will be filtered out very low key while the governments of the world get rid of all the dolalrs they can ..... THIS SUMMIT PAVED WAY TO RID THE WORLD OF THE US DOLALR AS RESERVE CURRANCY!!!!!
2.) THE g20 summit has paved way for the FEDERAL RESERVE to be controled by the IMF AND WORLD BANK !!!!!!!!!!!!!!!!!! WHICH IN TURN CONTROLS EVERYTHING IN AMERICA!!!!!!!!!
NOTE: this was always the people behind the federal reserves plan
3.) WE HAVE JUST LAID THE FOUNDATION TO JOIN by DEFAULT THE E.U. ////// WTF ARE WE THINKING
I GUESS THE DUMBING DOWN OF AMERICANS THROUGH OUR INEPT EDUCATION SYSTEM k-12 has worked .... VERY FEW UNDERSTAND
the GRAVE CONSEQUENCES TO AMERICANS ... if this comes to pass ....
This is a confidential strategy paper for the November 15 G-20 summit in Washington DC. This is not a new Bretton Woods in any sense, but rather a British-steered attempt to impose the dictatorship of the International Monetary Fund (IMF) on the entire planet, wiping out all hope of economic recovery, the modernization of the developing countries, and national sovereignty at the same time.
Under this plan, the IMF would dictate the economic policies of all states. The IMF orthodoxy is austerity, sacrifice, deregulation, privatization, union busting, wage reductions, free trade, the race to the bottom, and prohibitions on advanced technologies. These policies would strangle humanity.
The overall philosophy is to continue globalization by reinforcing free trade and by creating a world economic government under the IMF.
The IMF Program Reads As Follows:
1) require the credit rating agencies to be registered and monitored and submit to rules of governance;
2) halt the principle of a convergence of accounting standards and re-examine the application of the fair market value rule in the financial field, so as to improve its coherence with the rules of prudence and conservatism;
3) to resolve that no market segment, territory, or financial institution shall escape from a proportionate and adequate regulation, or at the least, surveillance;
4) set up a code of conduct to avoid excessive risk-taking in the financial industry, including in the area of compensation. Supervisors will have to follow this code in evaluating the risk profiles of financial institutions;
5) to entrust to the IMF the primary responsibility, along with the FSF (Financial Stability Forum - Basel), to recommend the necessary measures to restore confidence and stability.
The IMF must be equipped with the essential resources and suitable instruments to support countries in difficulty, and to exert its role of macroeconomic surveillance to the fullest.
IF THE FREE PEOPLE OF THE WORLD ALLOW THIS TRO COME TO PASS THEN THEY DESERVE WHAT THEY GET... in other words they will have REAPED what they have SOWN
Posted by Ryan Renshaw at 10:57 AM
Sunday, November 16, 2008
VERY WISE WORDS --- AND GREAT FORETHOUGHT INTO THE FUTURE FROM 30 years ago...... BE EVER VILIGENT and be prepared to defend fr
WISDOM and PERCEPTION of the future from 30 years ago .... stand up for that in which you believe dearly
Posted by Ryan Renshaw at 11:56 PM
THERE IS NO REASON TO FEAR OUR GOVERNMENT BECUASE ....
WE THE PEOPLE ( at least in america ) ARE OUR GOVERNMENT ... EVERY LAST ONE OF US ...
IT is not the Government I FEAR ...
but its a combination of UNEDUCATED and UNINFORMED Citizens along with POWER HUNGRY BOUGHT AND PAID FOR Beurocrat's .... and what the NWO ELITE's pay for these TREASONOUS TRAITORS to do to our beloved country while they are in bestowed positions of power .....
Posted by Ryan Renshaw at 8:35 PM
Wednesday, November 12, 2008
*** WARNING *** THE ENEMIES OF THE AMERICAN PEOPLE HAVE EXPOSED THEMSELVES ... are you paying attention!!!!!
ENEMIES OF THE AMERICAN PEOPLE------------------------------
1.) THE FEDERAL RESERVE
2.) THE IRS
3.) BOTH MAJOR POLITICAL PARTIES IN THE USA
4.) THE COUNCIL ON FORIEGN RELATIONS
5.) THE TRILATERAL COMMISION
6.) THE ROCKEFELLER and ROTHCHILD FAMILIES and their pawns
7.) THE BILDERBERG GROUP
9.) ANY AMERICAN THAT BELIEVES AND WANTS GLOBALISM TO TAKE ROOT IE NEW WORLD ORDER OR ONE WORLD GOVERNMENT AND FINANCE
9.) LAST but not least most major mainstream american media are in their pockets as well and easily researchable
THESE ARE ALL GROUPS PUSHING HARD FOR A ONE WORLD GOVERNMENT or "NEW WORLD ORDER" and a consolidatoin of WEALTH ... OUR WEALTH
"For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as "internationalists" and of conspiring with others around the world to build a more integrated global political and economic structure — one world, if you will. If that's the charge, I stand guilty, and I am proud of it."
—David Rockefeller, "Memoirs" autobiography (2002, Random House publishers), page 405
when are the majority going to "GET IT"
BOTH PARTIES ARE IN THE TANK FOR THE FED
the federal RESERVE is the ENEMY OF THE AMERICAN PEOPLE AND they are the ones that have INTENTIONALLY brought this financial disater upon the AMERICAN PEOPLE to create the basis for more rapid movement towards a one world govenrment and total control of the wealth of the world !!!!!!!!!!!!
Posted by Ryan Renshaw at 3:19 PM
WELL FOLKS ... what just a few short years ago was thought of as kooky paranoid talk from the fringe about a new world order ... is now being championed by the leaders of the world .. . are you still going to keep your head in the sand or finally stand up and say HELL NO!
Posted by Ryan Renshaw at 12:18 PM
ONCE AGAIN MORE PROOF THAT THE FEDERAL RESERVE IS THE ENEMY OF THE AMERICAN PEOPLE .... and it seems more and more are finally realizing this EVEN MAINSTREAM SOURCES SUCH AS BLOOMBERG NEWS .....
Our “adversary” media have been extremely deferential toward those promoting the looting of the American taxpayers during the ongoing economic and financial crisis. However, Bloomberg News should be congratulated for filing suit against the Federal Reserve in an effort to disclose the securities the central bank is accepting on behalf of American taxpayers as collateral for $1.5 trillion of loans to banks such as Goldman Sachs.
.......“The American taxpayer is entitled to know the risks, costs and methodology associated with the unprecedented government bailout of the U.S. financial industry,” said Matthew Winkler, the editor-in-chief of Bloomberg News. .....
.....The China connection to Goldman Sachs figures prominently in the current crisis. Because China owned $376 billion of Freddie Mac and Fannie Mae paper, it played a big role in the financial crisis, and Treasury Secretary Henry Paulson, with his own personal and financial ties to China, admittedly tried to reassure the Chinese through this process that their investments would be protected. They are being “protected” in the sense that the American taxpayers are now on the hook for these government mortgage companies, which have been nationalized.
On top of this, Paulson, a former CEO of Goldman Sachs, made sure, as part of the bailout legislation, that he could bail out Chinese banks holding other troubled U.S. assets.
Schiff, who blows the whistle on these schemes, is not very popular in the media, which have been telling us consistently that things would get better after Wall Street was bailed out. But Schiff was on Bloomberg on October 28 talking about how the problems will get worse if we continue to follow the current tax, spend and bailout policies. His basic message is that the U.S. is broke and that the situation will get worse under an Obama Administration because of its commitment to more federal interference and involvement in the economy.
Check out the whole article. Great look on the truth from an independent news source (not US based :-)
Posted by Ryan Renshaw at 12:01 PM
Report: American Express seeking $3.5 billion as part of government bailout program
WAKE UP AMERICA - STILL THINK THE FINANCIAL CRISIS IS JUST A NORMAL ECONOMICAL BUMP IN THE ROAD INDUSTRIAL SOCIETY GOES THROUGH FROM TIME TO TIME... THINK AGAIN ... READ ALL THE POSTS ON MY BLOG ... THIS HAS BEEN A PLANNED FINANCIAL DISASTER by the POWER ELITE of the FEDERAL RESERVE and their European counterparts as well as the COUNCIL on FORIEGN RELATIONS - and other such dubious groups like the TRI LATERAL COMMISSION ... ( DAVID ROCKEFELLER ) ....... ALL THE DOTS ARE LAID OUT TO CONNECT FOR THOSE OF AVERAGE INTELLIGENCE AND A DESIRE TO LEARN .... GO THROUGH THE ENTIRE BLOG and connect the dots ... wake up your friends - family - and neighbors before its to late for us all....
HERE is a story just today and there will be many more like it in the ocming months...
NEW YORK (AP) -- American Express Co. is seeking $3.5 billion in funds under the government's plan to directly invest in financial firms, according to a Wednesday report in The Wall Street Journal citing unnamed sources.
Earlier this week, American Express received approval from the Federal Reserve to become a bank holding company, which is a similar structure to traditional commercial banks. The credit card company now has access to financing from the Fed and the ability to grow a large deposit base.
The increased funding opportunities through government programs, including the potential $3.5 billion investment, could be a huge boost to American Express as one of its primary sources of funding has nearly disappeared amid the ongoing credit crisis.
American Express relied on packaging pools of credit card debt and selling them to investors in the securitization market. As investors have shied away from purchasing all but the safest forms of debt, the market for credit card-backed securities has dwindled.
American Express is also facing a slowdown in the broader economy, which has led to more customers missing payments and cutting back on spending, hurting the company's profitability
Third-quarter profit at American Express fell 24 percent to $815 million, or 70 cents a share, the company said last month. The card company took a $1.36 billion provision for loan losses, 51 percent higher than the year-ago quarter.
The $3.5 billion from the government could help alleviate some of the company's funding problem and help bolster reserves to protect against future losses.
Last month, the government approved a $700 billion bailout package that allows it to directly invest in financial firms. The companies can apply for a certain amount of cash based on their assets and in return the government receives preferred stock in the company and warrants to purchase common shares.
The government set up the plan in an effort to thaw the nearly frozen credit markets, which come under even more pressure in September when investment bank Lehman Brothers Holdings Inc. filed for bankruptcy protection and Washington Mutual Inc. failed.
Shortly after that time, investment banks Goldman Sachs Group Inc. and Morgan Stanley received approval to change to bank holding companies in a similar move to what American Express just completed.
American Express did not immediately return calls seeking confirmation of the plan.
Posted by Ryan Renshaw at 11:46 AM
Tuesday, November 11, 2008
How did I not hear of this?
ABC NEWS BANS FLAG LAPEL PINS
This is true and even though I will have little effect on ABC News revenue I do plan on being careful to not view any program that is on ABC and boycott, if at all possible, the sponsors of ABC.
Barbara Walters said that this was going to hurt ABC bad. As you know she works for ABC.
This should make your blood boil...it DOES mine!
ABC NEWS BANS FLAG LAPEL PINS!YESTERDAY THE BRASS AT ABC NEWS ISSUED ORDERS FORBIDDING REPORTERS TO WEAR LAPEL PIN AMERICAN FLAGS OR OTHER PATRIOTIC INSIGNIA. THEIR REASONING WAS THAT ABC SHOULD REMAIN NEUTRAL ABOUT 'CAUSES'.SINCE WHEN IS SUPPORT FOR PREVENTING DEATH AND DESTRUCTION SOME SORT OF A 'CAUSE'?
SINCE WHEN IS PATRIOTISM TO BE DISCOURAGED?I URGE YOU TO BOYCOTT ABC AND ITS SPONSORS AND AFFILIATES. WE ARE SLOWLY LOSING EVERYTHING OUR COUNTRY STANDS FOR AND EVERYTHING OUR MEN AND WOMEN FOUGHT AND DIED TO PRESERVE!
Posted by Ryan Renshaw at 5:23 PM
The rise now of China, Japan, Europe, and others-India, Korea, and to some extent Russia and Brazil-means the United States must be relatively diminished on the world stage, much as an only child whose mother just gave birth to quintuplets.
The United States is losing its capacity as supplier of many useful things to the world. This role is being seized by China and others. The American working class, which briefly achieved the status of world's working-class aristocracy after World War II-industrial workers who enjoyed homes, cars, long vacations, and even boats-has seen real wages declining for many years.
It works against rising competitors who can now deliver the benefits of their much lower costs to the world owing to the phenomenon of globalization. American manufacturing jobs are moving to the lower-cost places, replaced at home if at all by relatively low-wage service jobs.
The American establishment's vision of the future, implicit in its behavior and policies, has been that traditional manufacturing jobs will pass to developing countries while greater value-added high-tech jobs and intellectual property rights will provide America's economic strength.But that is a somewhat arrogant vision, because competitors like China and India do not plan to do only lower value-added work, and they are uniquely gifted to succeed.
The Chinese, Japanese, and Indians have an extraordinary reservoir of natural mathematical and engineering talent-every international competition or test shows this starkly - that is only now beginning to be harnessed. There is every reason to believe that over any substantial time the US will decline to a secondary role in high-tech. China or India each likely have something on the order of three or four times the natural mathematical endowment of the US. Their new high-growth economies and emerging modern infrastructure prepare the way for full application of this priceless talent.
You only have to look at photos of American Senators to see the swollen, crinkled faces of arrogant (mostly) men, faces of bloated entitlement, grasping power into their seventies and eighties. They resemble the faces of heads of powerful families in the 16th - 18th century's
Thoughtfulness and real debate at the national level have become uncommon.
Posted by Ryan Renshaw at 5:03 PM
GETTING MORE AND MORE ACCEPTABLE TO DISCUSS THIS IN THE MAINSTREAM AS INEVITABLE!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by Ryan Renshaw at 3:48 AM
Monday, November 10, 2008
Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system.
Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.
``The collateral is not being adequately disclosed, and that's a big problem,'' said Dan Fuss, vice chairman of Boston- based Loomis Sayles & Co., where he co-manages $17 billion in bonds. ``In a liquid market, this wouldn't matter, but we're not.
The market is very nervous and very thin.''Bloomberg News has requested details of the Fed lending under the U.S. Freedom of Information Act and filed a federal lawsuit Nov. 7 seeking to force disclosure.
The Fed made the loans under terms of 11 programs, eight of them created in the past 15 months, in the midst of the biggest financial crisis since the Great Depression.``It's your money; it's not the Fed's money,'' said billionaire Ted Forstmann, senior partner of Forstmann Little & Co. in New York.
``Of course there should be transparency.''Federal Reserve spokeswoman Michelle Smith declined to comment on the loans or the Bloomberg lawsuit.
Treasury spokeswoman Michele Davis didn't respond to a phone call and an e-mail seeking comment.The Fed's lending is significant because the central bank has stepped into a rescue role that was also the purpose of the $700 billion Troubled Asset Relief Program, or TARP, bailout plan -- without safeguards put into the TARP legislation by Congress.$2 Trillion
Total Fed lending topped $2 trillion for the first time last week and has risen by 140 percent, or $1.172 trillion, in the seven weeks since Fed governors relaxed the collateral standards on Sept. 14.
The difference includes a $788 billion increase in loans to banks through the Fed and $474 billion in other lending, mostly through the central bank's purchase of Fannie Mae and Freddie Mac bonds.
Before Sept. 14, the Fed accepted mostly top-rated government and asset-backed securities as collateral. After that date, the central bank widened standards to accept other kinds of securities, some with lower ratings.
The Fed collects interest on all its loans.The plan to purchase distressed securities through TARP called for buying at the ``lowest price that the secretary (of the Treasury) determines to be consistent with the purposes of this Act,'' according to the Emergency Economic Stabilization Act of 2008, the law that covers TARP.
`We Need Transparency'The legislation didn't require any specific method for the purchases beyond saying mechanisms such as auctions or reverse auctions should be used ``when appropriate.'' I
n a reverse auction, bidders offer to sell securities at successively lower prices, helping to ensure that the Fed would pay less. The measure also included a five-member oversight board that includes Paulson and Bernanke.
At a Sept. 23 Senate Banking Committee hearing in Washington, Paulson called for transparency in the purchase of distressed assets under the TARP program.``We need oversight,'' Paulson told lawmakers. ``We need protection. We need transparency. I want it. We all want it.''At a joint House-Senate hearing the next day, Bernanke also stressed the importance of openness in the program. ``Transparency is a big issue,'' he said.
Banks Resist Disclosure The Fed lent cash and government bonds to banks, which gave the Fed collateral in the form of equities and debt, including subprime and structured securities such as collateralized debt obligations, according to the Fed web site.
The borrowers have included the now-bankrupt Lehman Brothers Holdings Inc., Citigroup Inc. and JPMorgan Chase & Co.Banks oppose any release of information because it might signal weakness and spur short-selling or a run by depositors, said Scott Talbott, senior vice president of government affairs for the Financial Services Roundtable, a Washington trade group.``You have to balance the need for transparency with protecting the public interest,'' Talbott said.
``Taxpayers have a right to know where their tax dollars are going, but one piece of information standing alone could undermine public confidence in the system.''Frank Backs FedThe nation's biggest banks, Citigroup, Bank of America Corp., JPMorgan Chase, Wells Fargo & Co., Goldman Sachs Group Inc. and Morgan Stanley, declined to comment on whether they have borrowed money from the Fed.
They received $120 billion in capital from the TARP, which was signed into law Oct. 3.In an interview Nov. 6, House Financial Services Committee Chairman Barney Frank said the Fed's disclosure is sufficient and that the risk the central bank is taking on is appropriate in the current economic climate. Frank said he has discussed the program with Timothy F. Geithner, president and chief executive officer of the Federal Reserve Bank of New York and a possible candidate to succeed Paulson as Treasury secretary.``
I talk to Geithner and he was pretty sure that they're OK,'' said Frank, a Massachusetts Democrat. ``If the risk is that the Fed takes a little bit of a haircut, well that's regrettable.'' Such losses would be acceptable, he said, if the program helps revive the economy.Frank said the Fed shouldn't reveal the assets it holds or how it values them because of ``delicacy with respect to pricing.'' He said such disclosure would ``give people clues to what your pricing is and what they might be able to sell us and what your estimates are.''
He wouldn't say why he thought that information would be problematic.`Unclog the Market'Revealing how the Fed values collateral could help thaw frozen credit markets, said Ron D'Vari, chief executive officer of NewOak Capital LLC in New York and the former head of structured finance at BlackRock Inc
.``I'd love to hear the methodology, how the Fed priced the assets,'' D'Vari said. ``That would unclog the market very quickly.''TARP's $700 billion so far is being used to buy preferred shares in banks to shore up their capital.
The program was originally intended to hold banks' troubled assets while markets were frozen.The Bloomberg lawsuit argues that the collateral lists ``are central to understanding and assessing the government's response to the most cataclysmic financial crisis in America since the Great Depression.
''AIG LendingThe Fed has lent at least $81 billion to American International Group Inc., the world's largest insurer, so that it can pay obligations to banks. The central bank is also responsible for losses on a $26.8 billion portfolio guaranteed after Bear Stearns Cos. was bought by JPMorgan.``As a taxpayer, it is absolutely important that we know how they're lending money and who they're lending it to,'' said Lucy Dalglish, executive director of the Arlington, Virginia- based Reporters Committee for Freedom of the Press.
Ultimately, the Fed will have to remove some securities held as collateral from some programs because the central bank's rules call for instruments rated below investment grade to be taken back by the borrower and marked down in value.
Losses on those assets could then be written off, partly through the capital recently injected into those banks by the Treasury.Moody's Investors Service alone has cut its ratings on 926 mortgage-backed securities worth $42 billion to junk from investment grade since Sept. 14, making them ineligible for collateral on some Fed loans.
The Fed's collateral ``absolutely should be made public,'' said Mark Cuban, an activist investor, the owner of the Dallas Mavericks professional basketball team and the creator of the Web site BailoutSleuth.com, which focuses on the secrecy shrouding the Fed's moves.
Posted by Ryan Renshaw at 4:54 PM
The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.
"The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said.
"In the United States there is already a funding crisis, and they will have to sell a lot more bonds next year to fund the bailout packages that have already been signed off," Hennecke told CNBC.
In order to solve or stem the economic slowdown, Hennecke suggested the US would have to radically reduce spending across all sectors and recall all its troops from around the world.
As for a stimulus package, there is not much of an industry left to stimulate back into life, Hennecke said.
VIDEO LINK : http://www.cnbc.com/id/27641538
Posted by Ryan Renshaw at 4:23 PM
Friday, November 7, 2008
DONT THINK KIDS OF AMERICA ARE BEING INDOCTRINATED .... watch this sick video where the teacher at the end doesnt even feel she was indoctrinating them ... dam sad this is happening in public school system !!!!!!!!!!!!!!!!!!!!!!!
Posted by Ryan Renshaw at 9:15 AM
Thursday, November 6, 2008
I believe this to be true ..... " it is very possible the US government may have no other choice than to default and in doing so be prevented from paying back its creditors (holders of US Treasury Bonds, of Fanny May and Freddy Mac shares, etc.).
Of course such a bankruptcy will provoke some very negative outcome for all USD-denominated asset holders. Accordingly, the period that will then begin should be conducive to the setting up of a « new Dollar » to remedy the problem of default and of induced massive capital drain from the US. The process will result from the following five factors studied in detail further in this POST:
• The recent upward trend of the US Dollar is a direct and temporary consequence of the collapse of stock markets
• Thanks to its recent "political baptism", the Euro becomes a credible "safe haven" value and therefore provides a "crisis" alternative to the US dollar
• The US public debt is now swelling uncontrollably
• The ongoing collapse of US real economy prevents from finding an alternative solution to the country's defaulting
• "Strong inflation or hyper-inflation in the US in 2009?", that is the only question.
*Studying the case of Iceland can give an idea of the upcoming stages of the crisis. This country indeed provides a good illustration of what the US and the UK should be expecting. It can be considered – and that is what most Icelandic people do today – that the collapse of Iceland's financial system came from the fact that it was disproportionate to the size of the country's economy.
Inflation in Iceland - 2003-2008 - Source Central Bank of Iceland
Financially speaking, Iceland thought of itself as UK, in the same way as, financially speaking, UK thought of itself as the US and the US thought of themselves as the entire world. It is therefore quite useful to study the case of Iceland in order to understand the course of events that London and Washington will follow in the next 12 months.
What we see today is a double historical phenomenon:.
* On the one hand, since September 2008 (as anticipated in the February 2008 edition of the GEAB - N°22), the whole planet has become aware that a global systemic crisis is unfolding, characterised by the collapse of the US financial system and its contagion to the rest of the world..
* On the other hand, a growing number of global players are beginning to act on their own, in reaction to the ineffectiveness of the measures advocated or implemented by the US though they are the centre of this global financial system. What happened with this first Euroland (or Eurozone summit which took place on Sunday, October 12, 2008, and whose decisions, by their scope (close to 1,700-billion EUR) and their nature, resulted in a regain of confidence on financial markets from all over the world, is typical of the « post-2008 world ».
Map of deposit insurances in the EU - Source AFP - 10/09/2008
Indeed there is such a thing as a « post-September 2008 world ». It is now clear that this past month will remain in the history books of the whole planet as the month when the global systemic crisis started; even if what is really at play is its decanting phase, the last of a series of four phases of the crisis described by LEAP/E2020 as early as June 2006. As always when it comes to large human groups, the perception of change among the general public only occurs when change is already far on its way.
As a matter of fact, September 2008 is the month when the « financial detonator » of the global systemic crisis exploded. According to LEAP/E2020 indeed, this second semester 2008 is the time when « the world dives into the heart of the impact phase of the global systemic crisis »; which means that, at the end of this semester, the world enters the « decanting phase » of the crisis, i.e. a phase when the outcome of the shock settles down. This phase is the longest (from 3 to 10 years, according to the country) and the one affecting the largest number of people and countries. It is also the phase when the components of new global equilibriums will start to appear, two of them being already described in the graphic illustration below.
Therefore, as we repeated it on and on since 2006, this crisis is far more important, in terms of impact and outcome, than the 1929 crisis. Historically, we are the very first players, witnesses and/or victims of a crisis affecting the whole planet, in a situation of unprecedented interdependence of countries (resulting from twenty years of globalisation) and people (the level of urbanization - and related dependence for all the basic needs – water, food, energy… - is also unprecedented). However, the 1929 experience and all its dreadful outcome, is still vivid enough in our collective memories to hope, if citizens are vigilant and leaders clear-sighted, that we will be spared from a « remake » leading to major conflagration(s).
Europe, Russia, China, Japan,... are certainly the collective players who can make sure that the unfolding implosion of today’s world power, i.e. the United States, does not drive the planet into a disaster. Indeed, except for Gorbachev’s USSR, empires have a tendency to strive in vain to reverse the course of History when they realize their might is escaping them. It then belongs to partner-powers to channel the process peacefully, as well as it belongs to the citizens and rulers of the concerned country to be clear-sighted and face the difficult times they are about to cross.
Total borrowings of US Depository Institutions from the US Federal Reserve (01/08/1986 – 10/09/2008) - Source Federal Reserve Bank of St Louis
The « emergency repair » of international financial channels, achieved by the countries of the Eurozone at the beginning of this month of October 2008, should not hide three fundamental facts:
• The “repair” was necessary to curb the panic that threatened to squander the entire global financial system in just a few weeks, but what it heals temporarily is merely a symptom. It has just bought a bit of time, two to three months maximum, as the global recession and the collapse of the US economy (the table above shows the staggering increase of US banks’ borrowings from the Fed) will speed up and create new tensions in the economic, social and political fields, that must be anticipated and coped with as soon as next month (as soon as the “financial packages” have been implemented)
• The huge financial means allocated worldwide for « emergency rescues » of the global financial system, though they were necessary to put back in order the system of credit, are lost for the real economy when it is on the verge of facing a global recession
• The « emergency repair » results in further marginalization, and therefore weakening, for the United States, because it sets up processes that are contrary to those advocated by Washington for the allocation of the Hank Paulson’s and Ben Bernanke’s 700-billion USD TARP: bank recapitalisation by governments (a decision Hank Paulson has now come to follow) and interbank loan guarantees (in fact Euroland governments substitute to credit insurers, a mostly American industry at the centre of global finance since decades). These trends turn more and more decision-making relays and financial flows away from the United-States when because of the explosion of their public and private debt they need them more than ever; not to mention pensions going up in smoke.
The last aspect shows how, in the coming months, solutions to the crisis and to its various sequences (financial, economic, social and political) will increasingly diverge: what is good for the rest of the world will not be good for the United States, and now, Euroland in the first place, the rest of the world seems determined to make its own choices.
The sudden shock that will result from the US defaulting in what I predict to be summer 2009 is partly due to this decoupling of decision-making processes of the world’s largest economies with regard to the US. It is predictable and can be dampened if global players start to anticipate it. As a matter of fact, I hope that the September shock has “educated” the world’s political, economic and financial policy-makers and made them understand that it is easier to act by anticipation than in a panic. It would be a pity if Euroland, Asia and oil-producing countries, as well as US citizens of course, discover one morning of summer 2009 that, after a long-week-end or bank-holiday in the US, their US T-Bonds and Dollars are only worth 10 percent of their value because a « new Dollar » has just been imposed. "
THIS WILL BE THE AMERO that will replace the US dollar!
Posted by Ryan Renshaw at 4:14 PM
CNBC Ron Paul grills Bernanke, traders cheering 2008.02.27 - The war on the middle class and everyone else
MORE WISE WORDS FROM RON PAUL THAT GO UNHEADED INTENTIONALLY BY THE FED
Posted by Ryan Renshaw at 12:56 PM
Posted by Ryan Renshaw at 12:48 PM
Posted by Ryan Renshaw at 12:40 PM
BILL OF RIGHTS
James Madison - December 15, 1791
Here is how the Bill of Rights is being destroyed:
Congress shall make no law respecting the establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
In direct defiance of the Bill of Rights, commercial, sexual, and political speech are increasingly censored. In the name of "national security", government employees have been censored for life. To combat pornography, federal and state governments have imprisoned musicians, seized the entire contents of bookstores and video rental outlets, and have even prosecuted museums and art galleries. To "fight crime," hundreds of communities have enacted curfews and "anti-loitering" laws. Children who refuse to attend government schools can be imprisoned along with their parents. Freedom of speech, press, religion, and assembly are under siege.
A well-regulated militia, being necessary for the security of a free State, the right of the people to keep and bear Arms shall not be infringed.
Our right to bear arms is being gradually destroyed as the federal government, the states, and communities enact ever more repressive "gun control" legislation. California made criminals of over 700,000 of its citizens with the stroke of a pen by banning many popular semi-automatic rifles. To fight government and criminal violence, Americans need the means to defend themselves more than ever, yet we are being legally disarmed.
No soldier shall, in time of peace be quartered in any house, without the consent of the owner, nor in time of war, but in a manner prescribed by law.
In Puerto Rico, National Guard troops have been permanently stationed in 54 apartment buildings. Government also destroys our privacy by wire-tapping our telephones, seizing business records and keeping extensive files on most citizens.
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the person or things to be seized.
Recent Supreme Court decisions have given the police nearly unlimited power to search houses, businesses and cars – in many cases without a warrant. In Florida, courts have refused to stop police from boarding buses, blocking exits and searching passengers. RICO laws and "anti-drug" laws have given government the power to seize all of an individual's or company's assets without indictment or trial. Strip-searching persons arrested for even minor traffic violations is becoming more and more common. Courts and legislatures now consider virtually any government search and seizure "reasonable."
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use without just compensation.
The Founding Fathers believed that no one should be indicted without a hearing. Today the IRS can seize your bank account, the FBI can take your computer, the Coast Guard can take your boat, and welfare authorities can take away your children, without any hearing or indictment by a Grand Jury. Increasingly, fundamental legal restraints on the power of government agencies are being abandoned.
In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the State and district wherein the crime shall have been committed; which district shall have been previously ascertained by law, and to be informed of the nature and the cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have assistance of counsel for his defense.
The United States has adopted the totalitarian practice of imprisoning defendants for long periods before trial. As a growing list of personal behavior and technical errors are criminalized, the court system is being impossibly over-loaded. It now takes years before most serious cases ever get to trial. The growing power of prosecutors, and government seizure of attorneys' fees, are destroying the ability of those accused to defend themselves.
In Suits of common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by a jury shall be otherwise re-examined in any Court of the United States, than according to the rules of the common law.
Less than 3% of criminal defendants now get a trial. Pre-trial detention is growing and some people have been imprisoned for over two years without trial. In direct violation of the Constitution, the Supreme Court has ruled that you don't even have to be given a jury trial if you face less than six months in prison. And if you have a dispute with the IRS, EPA or any of a dozen other regulatory agencies, your case will usually be heard by an administrative law judge employed by the same agency you are disputing. Judges routinely deny the traditional right of jurors to judge the law, as well as the facts of a case, and vote their conscience. Judges and prosecutors exclude any juror who won't agree to convict in advance, stacking juries to ensure convictions. These are precisely the sorts of abuses our Bill of Rights was designed to prevent.
Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.
By calling penalties "civil" rather than "criminal," government can seize all of your assets without trial or any other form of legal proceeding. Bail has been abolished for virtually all federal crimes, including crimes that didn't even exist as recently as ten years ago, such as "money-laundering" and "structuring." Punishments are becoming increasingly harsh. Teenagers are getting years or decades in prison for minor drug offenses. Businessmen are receiving long prison sentences for technical violations of incomprehensible tax laws and securities regulations. Ordinary citizens are being imprisoned for possession of banned literature, guns, and even medicines.
The enumeration in the Constitution of certain rights shall not be construed to deny or disparage others retained by the people.
The Constitution and Bill of Rights were intended as strict restrictions on government power. Those powers not explicitly granted to government were retained by the individual. Today the Constitution has been stood on its head. Courts are now saying anything the government wants to do is permissible, unless explicitly prohibited by the Constitution. Government now has nearly unlimited power, and the American people are losing control of their own lives, property, and destinies.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.
Power has shifted from the individual to the states, and from the states to the federal government. Federal aid to states has meant federal control of the states. By including the entire economy under the Constitutions "interstate commerce" clause, the Supreme Court has given the US Government control over every aspect of society.
Posted by Ryan Renshaw at 11:55 AM
Posted by Ryan Renshaw at 11:52 AM
Posted by Ryan Renshaw at 11:39 AM
Wednesday, November 5, 2008
I DID NOT VOTE FOR OBAMA ....not becuase he was black but becuase of his character and his views on our constitution ...
HOWEVER I AM NOT A RACIST and even though I did not vote for President Elect Obama ... I still got a lump in my thoat this morning and a smile on my face as the significance of America electing a black man to the office of the president poured through me ... I WAS VERY PROUD OF AMERICANS FOR THAT and and EUROPE can kiss our ass now for pretending to be so much more "EVOLVED" as human beings... to my knowledge they have never elected a minority to any of their highest offices ....
President Elect Obama is America's incoming president now and I wish him well and hope I am wrong in my fears... I can only hope God will grant him the wisdom and insight to Lead us all into a better tomorrow while at the same time ENSURING THE LIBERTIES and FREEDOMS so many have given the ultimate sacrifice for throughout our history.
I still believe that the Council on Foriegn Relations is the enemy of the people of the United States and the world and pray that if he has not already - does not fall completely under their spell of power...
The Patriot Mind
Posted by Ryan Renshaw at 3:31 PM
Posted by Ryan Renshaw at 3:05 PM
Posted by Ryan Renshaw at 2:57 PM
Monday, November 3, 2008
Some time ago, I asked my colleagues a rhetorical question with regard to the onslaught of government growth in the post-September 11th era: Is America becoming a police state?
The question is no longer rhetorical. We are not yet living in a total police state, but it is fast approaching. The seeds of future tyranny have been sown, and many of our basic protections against government have been undermined. The atmosphere since 2001 has permitted Congress to create whole new departments and agencies that purport to make us safer - always at the expense of our liberty.
But security and liberty go hand-in-hand. Members of Congress, like too many Americans, don't understand that a society with no constraints on its government cannot be secure. History proves that societies crumble when their governments become more powerful than the people and private institutions.
Unfortunately, the new intelligence bill passed by Congress two weeks ago moves us closer to an encroaching police state by imposing the precursor to a full-fledged national ID card. Within two years, every American will need a "conforming" ID to deal with any federal agency - including TSA at the airport.
Undoubtedly many Americans and members of Congress don't believe America is becoming a police state, which is reasonable enough. They associate the phrase with highly visible symbols of authoritarianism like military patrols, martial law, and summary executions. But we ought to be concerned that we have laid the foundation for tyranny by making the public more docile, more accustomed to government bullying, and more accepting of arbitrary authority - all in the name of security.
Our love for liberty above all has been so diminished that we tolerate intrusions into our privacy that would have been abhorred just a few years ago. We tolerate inconveniences and infringements upon our liberties in a manner that reflects poorly on our great national character of rugged individualism. American history, at least in part, is a history of people who don't like being told what to do. Yet we are increasingly empowering the federal government and its agents to run our lives.
Terror, fear, and crises like 9-11 are used to achieve complacency and obedience, especially when citizens are deluded into believing they are still a free people. The loss of liberty, we are assured, will be minimal, short-lived, and necessary. Many citizens believe that once the war on terror is over, restrictions on their liberties will be reversed. But this war is undeclared and open-ended, with no precise enemy and no expressly stated final goal. Terrorism will never be eradicated completely; does this mean future presidents will assert extraordinary war powers indefinitely?
Washington DC provides a vivid illustration of what our future might look like. Visitors to Capitol Hill encounter police barricades, metal detectors, paramilitary officers carrying fully automatic rifles, police dogs, ID checks, and vehicle stops. The people are totally disarmed; only the police and criminals have guns. Surveillance cameras are everywhere, monitoring street activity, subway travel, parks, and federal buildings. There's not much evidence of an open society in Washington, DC, yet most folks do not complain - anything goes if it's for government-provided safety and security.
After all, proponents argue, the government is doing all this to catch the bad guys. If you don't have anything to hide, they ask, what are you so afraid of? The answer is that I'm afraid of losing the last vestiges of privacy that a free society should hold dear. I'm afraid of creating a society where the burden is on citizens to prove their innocence, rather than on government to prove wrongdoing. Most of all, I'm afraid of living in a society where a subservient populace surrenders its liberties to an all-powerful government.
It may be true that average Americans do not feel intimidated by the encroachment of the police state. Americans remain tolerant of what they see as mere nuisances because they have been deluded into believing total government supervision is necessary and helpful, and because they still enjoy a high level of material comfort. That tolerance may wane, however, as our standard of living falls due to spiraling debt, endless deficit spending at home and abroad, a declining fiat dollar, inflation, higher interest rates, and failing entitlement programs. At that point attitudes toward omnipotent government may change, but the trend toward authoritarianism will be difficult to reverse.
Those who believe a police state can't happen here are poor students of history. Every government, democratic or not, is capable of tyranny. We must understand this if we hope to remain a free people.
Posted by Ryan Renshaw at 5:53 AM
Sunday, November 2, 2008
Okay, I will admit that the following scholarly article is loooooong by no stretch of the imagination. But, I started reading it and just couldn’t stop!
It perfectly expresses and explains that gut-feeling of apprehension we as Americans have when it comes to the Obamessiah. In short, it confirms that we are not just being paranoid.
First, a little background about Ali Sina - the author of this article:
Ali Sina is an ex-Muslim from Iran and the author of “Understanding Muhammad: A Psychobiography of Allah’s Prophet.” Also, he is the founder of “Faith Freedom International,” a movement of ex-Muslims created to warn the world of the danger of Islam and to help other apostates from Islam.
That being said, please read this article when you have a good chunk of time to digest its content. You won’t be disappointed - unless you are an Obamite Leftard (which, in case you haven’t noticed, is now my newest favorite buzzword of the day).
When you are done reading it, please make copies and email it to ALL of your friends. Also, be sure to sign the petition at the end of the article.
Update: I have included a text file, sans the photos and links, for you to download by right CLICKING HERE and using the “Save as” option.
Understanding Obama: The Making of a Fuehrer
By Ali Sina - FaithFreedom.org
I must confess I did not like Senator Barack Hussein Obama from the first time I saw him. At first I was excited to see a black candidate. He looked youthful, spoke well, appeared to be confident – a good package. It is so instinctive for most people to want to see blacks succeed. It is as if all humanity is carrying a collective guilt for what the ancestors of blacks endured. However, I was put off soon, not just because of his shallowness but also because there was an air of haughtiness in his demeanor that was unsettling. His posture and his body language were louder than his empty words.
It is surreal to see the level of hysteria in his admirers. This phenomenon is unprecedented in American politics. Women scream and swoon during his speeches. They yell and shout to Obama, “I love you.” Never George Washington, Abraham Lincoln, Franklin Roosevelt. Martin Luther King Jr. or Ronald Reagan aroused so much raw emotions. Despite their achievements, none of them was raised to the rank of Messiah. The Illinois senator has no history of service to the country. He has done nothing outstanding except giving promises of change and hyping his audience with hope. It’s only his words, not his achievements that is causing this much uproar.
When cheering for someone turns into adulation, something is wrong. Excessive adulation is indicative of personality cult. The cult of personality is often created when the general population is discontent. A charismatic leader can seize the opportunity and project himself as an agent of change and a revolutionary leader. Often, people, tired of the status quo, do not have the patience to examine the nature of the proposed change. All they want is change. During 1979, when the Iranians were tired of the dictatorial regime of the late Shah, they embraced Khomeini, not because they wanted Islam, but because he promised them change. The word in the street was, “anything is better than the Shah.” They found their error when it was too late.
Khomeini promised there would be separation between religion and state. He lied and they did not care to look into his past to see whether he actually meant what he said. Had they done that they would have seen that he always believed in caliphate and the rule of Islam. People gobbled everything he told them uncritically. They wanted to believe and therefore closed their eyes so they don’t see what they did not want to see. Eyes welled when he spoke. Masses poured into the streets by the millions, screamed and shouted to greet him. People kissed his pictures. Some saw his portrait reflected on the Moon.
Listening to Obama … it harkens back to when I was younger and I used to watch Khomeini, how he would excite the crowd and they’d come to their feet and scream and yell.
I was amused to hear a listener calling Fox News Radio’s Tom Sullivan Show, (Feb 11) and saying: “Listening to Obama … it harkens back to when I was younger and I used to watch those deals with Hitler, how he would excite the crowd and they’d come to their feet and scream and yell.” ( Videos of Hitler’s speeches are available on Youtube. They are worth a look.)
Equating anyone to Hitler by highlighting the similarities between the two is a logical fallacy. This fallacy, known as reductio ad Hitlerum is a variety of both questionable cause and association fallacy. I believe it is wrong to trivialize the holocaust and the horrors of Nazism by comparing our opponents to Hitler.
However, Hitler, prior to coming to power had not killed anyone. He was insane, but few could see that. Far from it, he was seen as a gifted man and hailed as the savior of Germany. He was admired throughout the world. He appealed to the masses of people – the working class and particularly to women, and did not just inspire them, he “elevated” them. Thousands rallied to listen to his passionate speeches. He gave them promises of change and instilled in them hope. They shed tears when he spoke. Women fainted during his speeches. To Germans, he was not a politician, but a demigod, a messiah. They envisioned him as truly a magical figure of majestic wisdom and glory. They worshiped him. They surrendered their wills to him. He restored their national pride. He projected himself as their savior. He ran on the platform of change and hope. Change he delivered all right, but hopes he shattered.
I think it is fair to say that the Illinois senator puts the same passion in his speeches that Hitler used to put in his, and he evokes similar raw emotions in his audience. This much we can agree. Okay, we can also agree that both Hitler and Charlie Chaplin wore square moustaches. So what?
The Cult of Personality
There are other disturbing similarities. Like Hitler and Khomeini, Obama also likes to create a cult of personality around himself. Wherever a large number of a population is discontent, a charismatic leader can seize the opportunity and present himself as the agent of change. He can create a cult of Personality by associating himself with the idea of change. He convinces everyone that things are terrible and a drastic change is needed. He then casts himself as the only person who can deliver this revolutionary transformation that everyone is waiting for. He portrays himself as a benevolent guide, the only one who cares about people and their needs and can pull them out of their alleged misery.
These revolutionary leaders need foes. They exaggerate the problems. They make everything look gloomy. They lie, cheat and slander their opponents while casting themselves as the saviors of the nation. Hitler chose the Jews to blame for everything that was wrong in Germany. Khomeini made the Shah and his westernization plans his scapegoats. Obama has chosen President George W. Bush to smear. He can rally people around himself, as long as he can instill in them the dislike of Bush and equate his rival, McCain to him. Sigmund Freud wrote, “It is always possible to bind together a considerable number of people in love, so long as there are other people left over to receive the manifestations of their aggressiveness” (Civilization and Its Discontents)
A cult of personality is excessive adulation, admiration and exaltation of a charismatic leader, often with unproven merits or achievements. It is similar to hero worship except that it is created specifically for political leaders.
Let us read a few of the comments Obama’s fans have made about him. Their unbounded adulation of this totally unknown figure is proof of my claim.
Jon Robin Baitz is the creator of the ABC series “Brothers & Sisters.” He writes:
“Today we saw and heard a preview of our brightest possible American future in Senator Barack Obama’s glorious speech. This, then, is what it means to be presidential. To be moral. To have a real center. To speak honestly, from the heart, for the benefit of all. If there was any doubt about what we have missed in the anti-intellectual, ruthlessly incurious Bush years, and even the slippery Clinton ones, those doubts were laid to rest by Barack Obama’s magisterial speech today. A speech in which he distanced himself from a flawed father figure, Reverend Wright, and did so with almost Shakespearian dignity and honor.”
For twenty years Obama was part of Jeremiah Wright’s racist church and listened to all the hate which that man spewed against the Jews and the “rich White America.” Obama did not object to any of those hateful comments and even donated $20,000 dollars to his Trinity United Church of Christ. Baitz is willing to overlook all that and, mesmerized by Obama’s speeches, she embraces a man who up until yesterday supported the racist views of his spiritual mentor. She calls Obama’s speech “glorious,” and concludes he is honest and moral. How did she come to that hasty conclusion? There is no evidence of that except her “gut feeling.” That observation is subjective. We have not seen any evidence of Obama’s honesty yet. On the contrary, he has been caught with a litany lies.
Clearly Sen. Obama has a charming effect on his audience, who after listening to him are so moved that they willingly give up their reason and follow their hearts. Let’s see how Baitz adulates Obama to the point of worship.
“Barack Obama’s speech, perhaps one of the most important in modern political history pushed us as a people to move beyond race and gender, beyond Democrat and Republican, beyond politics and into reviving the spirit of the nation itself. To talk, to talk at home, at work, at the dinner table. To really finally talk. What a great day, and where else in the world but in the United States? Today I am very proud to be an American.”
Remembering the reaction of Iranians to Khomeini’s speeches, this is all deja vu for me.
There is an old adage that says, “Tell me who your friends are and I will tell who you are.” Don’t the quality of Obama’s friends and associates tell us about the man? Shouldn’t we look in the his history of this man to acertain his truthfulness? One characteristic of cult of personality is that people become ready to close their eyes. They find excuses and rationalize the sins of their leader.
Another Obama worshipper is Ezra Klein. He is an associate editor at The American Prospect. Klein wrote:
“Obama’s finest speeches do not excite. They do not inform. They don’t even really inspire. They elevate. They enmesh you in a grander moment, as if history has stopped flowing passively by, and, just for an instant, contracted around you, made you aware of its presence and your role in it. He is not the Word made flesh, but the triumph of word over flesh, over color, over despair. The other great leaders I’ve heard guide us towards a better politics, but Obama is, at his best, able to call us back to our highest selves, to the place where America exists as a glittering ideal, and where we, its honored inhabitants, seem capable of achieving it, and thus of sharing in its meaning and transcendence.”
Obama is not seen by his admirers as a politician but as something holy. Klein says “He is not the Word made flesh, but the triumph of word over flesh.” The truth is that Obama is nothing but words! What is scary is that so many smart people are willing to fall for his empty words. Interestingly the same Ezra Klein had earlier said:
“Obama is a cipher, an easy repository for the hopes and dreams of liberals everywhere…But if Obama avoided being battle-tested in 2004 by the grace of God, it’s his own timidity that has kept his name clean since. Given his national profile and formidable political talents, he could have been a potent spokesman for Democratic causes in the Senate. Instead, he has refused to expend his political or personal capital on a single controversial issue, preferring to offer anodyne pieces of legislation and sign on to the popular efforts of others…Indeed, Obama is that oddest of all creatures: a leader who’s never led. There are no courageous, lonely crusades to his name, or supremely unlikely electoral battles beneath his belt. He won election running basically unopposed, and then refused to open himself to attack by making a controversial but correct issue his own.”
Quite a shift I would say. What did exactly Obama do, for Klein to change his views so drastically? Nothing! Obama has won this man’s heart only by the power of his mesmerizing words. he is making his conquests, through the sheer power of his oratory. That is how Hitler won the hearts of the Germans. As Obama’s life story show, his words don’t have any bearing on reality. Words are powerful, but when they are not backed by any substance they are empty rhetoric.
Todd Gitlin, is professor of journalism and sociology at Columbia University. He is another worshiper of Obama. This is what he says about his leader.
“This speech was a triumph on so many levels, does one dare hope it will turn the trick for hordes of parsing skeptics and listeners whose eyes did not water? First, Obama took the high road, which is also the long and demanding road. He refused to “move on” with a cursory acknowledgment that “mistakes were made.” He did not acknowledge. He preached and he reasoned.”
Let us pause here and examine what this professor of journalism and sociology says. Obama was a close friend of Rev. Jeremiah Wright and listened to his racist sermons for twenty years. Wright is a man who has intense hatred for the Jews, for Whites and for America. This clip shows some of his remarks made from the pulpit. Here is a gleaning from his sermons:
* We [The White controlled America] have supported state terrorism against Palestinians and Black South Africans … Because of the stuff we have done overseas is now brought back to our own home front yards. America’s chickens are coming home to roost.
* No, no, no! Not God bless America. God damn America. That is in the Bible, for killing innocent people. God damn America.
* Government lied about Pearl Harbor. They knew that Japanese are going to attack.
* They [Government] purposely infected African-American men with syphilis!
* What is going on in White America, U.S. of KKK?
* Black men turning on Black men? That is fighting the wrong enemy. You both are primary targets in an oppressive society that sees both of you as a dangerous threat.
* What we [America] is doing is the same thing Al Qaida is doing, under a different flag.
* Oh I am so glad, that I got a God who knows what it is to be a poor Black man living in a country and a culture that is controlled by and run by rich White people.
* Yes, 911 happened to us, and so did slavery happen to us. Yes the World Trade Center happened to us, and so did White supremacy happen to us.
* “Barack knows what it means to be a Black man living in a country and a culture that is controlled by rich White people.”
When all these came to light, at first the Illinois senator denied having heard them. That excuse was not believable. Wright was Obama’s spiritual mentor and the most influential man in his life. And yet he expects us to believe he listened to his sermons for 20 years but did not pay attention to what he was saying? So he changed his position and admitted to having heard them, but he categorically condemned them. Obama went one step further. He did not just condemn the racist remarks of his Pastor, but he preached and he sermonized how bad are those comments. Now, this requires some audacity that only a narcissist can muster. Instead of apologizing and recognizing his error, Obama turned the table and preached to others.
How can we understand this? The man himself is the sinner but instead of acknowledging his sins, he preaches to others about the vices of those sins. The answer can be found in the description of narcissistic personality disorder (NPD). Narcissists will never admit being wrong. They are always one step ahead of you.
Those who remember Rev. Jimmy Swaggart know that he was one of the most popular and successful televangelists of all times. During the 1980s, he had millions of fans all over the world. He mesmerized his audience. He was more than a rock star, he was a phenomenon. Swaggart was a preacher of “morality.” He was so against promiscuity and unlawful sex that he went after two other televangelist magnates, Marvin Gorman and Jimmy Baker, exposed their adultery and brought their empires down.
However, what narcissists preach and what they do are two different things. Soon after exposing Gorman’s adultery, Swaggart himself was pictured with a prostitute in a motel room. He was banned from giving sermons for three months. But he could not stay away from the church that provided him with adulation and the people who fed his narcissistic need. He said, “If I do not return to the pulpit this weekend, millions of people will go to hell.” So he returned to the pulpit and after shedding a few crocodile tears of repentance, he went right on preaching morality, chastising adultery and sermoning to others, how THEY should live a chaste life.
This requires audacity. How one who has been caught with a prostitute, literally with his pants down, could have the cheek to preach to others about the very thing he is guilty of? NPD provides the answer to both Swaggart and Obama’s responses, when caught red handed. The narcissist will not apologize for his own sins; he will go on preaching to you about the evilness of those sins. If Professor Gitlin had read a book or two on narcissism, he would have not been hoodwinked by Obama’s preaching about racial harmony after being caught with his proverbial pants down in his racist church. Giltin is not alone; millions of Americans have fallen for this narcissist’s mind games.
Prof. Gitlin continues:
“The Reverend Jeremiah Wright,” he [Obama] said, “had spoken in an ‘incendiary’ manner,” but Obama offered himself as the man who rises from flames and invites you to rise from your own. He took a grievous embarrassment and moved his lesson to the plane of prophecy. Talk about hope; talk about audacity. Tears came to my eyes. I don’t think I’m especially hard-hearted, but I cannot think of another time when the speech of a presidential candidate watered me up.”
It is amazing to see to what extent people are willing to go to eulogize another human being. It is this excess that constitutes the cult of personality. The difference between admiration and cult of personality is in the degree of adulation. Is it not fair to say that Obama has the same effect on his fans that Hitler, Khomeini or other famous demagogues such as Joseph Stalin or Mao Ze Dong had? I am not equating Obama to those mass murderers. Obama has not killed anyone (at least not yet). I am only comparing their effects on their audience, particularly prior to their rise to power.
Obama’s speeches are unlike any political speech we heard in American history. Never a politician in this land had such a quasi “religious” impact on so many people. The fact that Obama is a total incognito with zero accomplishment, makes this inexplicable infatuation alarming.
Obama’s speeches are grandiose. They are other worldly. He may talk about the war in Iraq, taxes or social security. It does not matter how mundane is the subject, he makes them sound transcendental and his audience is moved to tears. His worshipers do not go to listen to his plans. He has yet to offer any that is workable and different. They go to bask in his glory, to get high. Obama presents himself as someone with a unique vision and grasp of the entire problems affecting, not just the nation but the world, a pretense that is incommensurate with his track record. When in a meeting with House Democrats waxing lyrical about his trip to Europe, he concluded, “this is the moment, as Nancy [Pelosi] noted, that the world is waiting for.” The world is waiting for Obama, according to Obama. In one of his rallies he reiterated this delusion of grandiosity and said, “We are the one we’ve been waiting for.” This sentence is logically absurd. What actually Obama wanted to say, which he masked with fake modesty is “I am the one the world has been waiting for.”
There is nothing more dangerous than the cult of personality. When you fall for someone to this extent that Obama’s followers have fallen for him, you surrender your reason and individuality to him willingly. When millions of people surrender their hearts and their minds to one person the result can be catastrophic. This is what happened in Germany with Hitler, in China with Mao, in the Soviet Union with Stalin, in Cuba with Castro, in Iran with Khomeini, and so and on so forth. Today, we think these men were monsters, but that was not what millions of their worshiper thought. Those people loved them. Dictators can’t dictate, unless peole are willing to be dictated.
Here is what Wikipedia says about Cult of Personality:
“A cult of personality or personality cult arises when a country’s leader uses mass media to create a heroic public image through unquestioning flattery and praise. Cults of personality are often found in dictatorships but can be found in some democracies.
“A cult of personality is similar to general hero worship except that it is created specifically for political leaders. However, the term may be applied by analogy to refer to adulation of non-political leaders.”
Who is Obama?
Obama is not an ordinary man. He is not a genius. In fact he is quite ignorant on most important subjects. Barack Obama is a narcissist. Dr. Sam Vaknin, the author of the Malignant Self Love, also believes, “Barack Obama appears to be a narcissist.”
Vakinin is a world authority on narcissism. He understands narcissism and describes the inner mind of a narcissist like no other person. When he talks about narcissism everyone listens. After recognizing that diagnosing someone without lengthy tests and personal interviews is not accurate, Vaknin says that Obama’s language, posture and demeanor, and the testimonies of his closest, dearest and nearest suggest that the Senator is either a narcissist or he may have narcissistic personality disorder (NPD).
Vaknin explains: “Narcissistic leaders are nefarious and their effects pernicious. They are subtle, refined, socially-adept, manipulative, possessed of thespian skills, and convincing. Both types [cerebral and somatic] equally lack empathy and are ruthless and relentless or driven.” These were the very traits that distinguished Hitler and Khomeini. Many of these traits can be seen in Obama. As for his ruthlessness, we have no idea. Narcissist need power to show their ruthlessness. However, considering the fact that he neglected his own half brother, George Obama, who lives on one dollar per month in Kenya, we can’t vouch for Obama’s empathy or say he is a caring person.
What is Narcissism?
The Diagnostic and Statistical Manual of Mental Disorders (DSM) describes narcissism as a personality disorder that “revolve around a pattern of grandiosity, need for admiration, and sense of entitlement. Often individuals feel overly important and will exaggerate achievements and will accept, and often demand, praise and admiration despite worthy achievements.”
The third and fourth editions of the Diagnostic and Statistical Manual (DSM) of 1980 and 1994 and the European ICD-10 describe NPD in similar language:
An all-pervasive pattern of grandiosity (in fantasy or behavior), need for admiration or adulation and lack of empathy, usually beginning by early adulthood and present in various contexts. Five (or more) of the following criteria must be met:
* Feels grandiose and self-important (e.g., exaggerates achievements and talents to the point of lying, demands to be recognized as superior without commensurate achievements)
* Is obsessed with fantasies of unlimited success, fame, power or omnipotence, unequalled brilliance (the cerebral narcissist), bodily beauty or sexual performance (the somatic narcissist), or ideal, everlasting, all-conquering love or passion
* Is firmly convinced that he is unique and, being special, can only be understood by, should only be treated by, or associate with, other special, unique, or high-status people (or institutions)
* Requires excessive admiration, adulation, attention and affirmation, or failing that, wishes to be feared and notorious (narcissistic supply)
* Feels entitled. Expects unreasonable or special and favorable priority treatment. Demands automatic and full compliance with his expectations
* Is “interpersonally exploitative” i.e., uses others to achieve his or her own ends
* Is devoid of empathy. Is unable or unwilling to identify with or acknowledge the feelings and needs of others
* Is constantly envious of others or believes that they feel the same about him or her
* Is arrogant, has haughty behaviors or attitudes coupled with rage when frustrated, contradicted, or confronted.
Pathological narcissism, is not akin to typical narcissism—someone with a hedonistic or self-centered sense of self —but rather someone with a very weak sense of self. Obama’s narcissism is pathological.
Narcissists are skillful, relentless and driven. They seek power. That is the whole purpose of their existence. Power for them is the elixir of life. Those who know about NPD can’t help but notice it in Obama’s posture, the tone of his voice, his demeanor and particularly his grandiose claims and unscripted adlibs.
Narcissim has degrees. When it is extreme it shows in the posture and the way the narcissist walks and talks. Obama’s posture, exudes haughtiness. He is all puffery. Compare his posture to those of Hitler, Stalin and Saddam.
According to Vaknin, Obama displays the following behaviors, which are among the hallmarks of pathological narcissism:
- Subtly misrepresents facts and expediently and opportunistically shifts positions, views, opinions, and “ideals” (e.g., about campaign finance, re-districting). These flip-flops do not cause him overt distress and are ego-syntonic (he feels justified in acting this way). Alternatively, reuses to commit to a standpoint and, in the process, evidences a lack of empathy.
Ignores data that conflict with his fantasy world, or with his inflated and grandiose self-image. This has to do with magical thinking. Obama already sees himself as president because he is firmly convinced that his dreams, thoughts, and wishes affect reality. Additionally, he denies the gap between his fantasies and his modest or limited real-life achievements (for instance, in 12 years of academic career, he did’t publish a single scholarly paper or book).
- Feels that he is above the law.
- Talks about himself in the 3rd person singluar or uses the regal “we” and craves to be the exclusive center of attention, even adulation
- Has a messianic-cosmic vision of himself and his life and his “mission”.
- Sets ever more complex rules in a convoluted world of grandiose fantasies with its own language (jargon)
- Displays false modesty and unctuous “folksiness” but is unable to sustain these behaviors (the persona, or mask) for long. It slips and the true Obama is revealed: haughty, aloof, distant, and disdainful of simple folk and their lives.
- Sublimates aggression and holds grudges.
- Behaves as an eternal adolescent (e.g., his choice of language, youthful image he projects, demands indulgence and feels entitled to special treatment, even though his objective accomplishments do not justify it).
Narcissists project a grandiose but false image of themselves. Jim Jones, the charismatic leader of People’s Temple, the man who led over 900 of his followers to cheerfully commit mass suicide and even murder their own children was also a narcissist. David Koresh, Charles Manson, Joseph Koni, Shoko Asahara, Stalin, Saddam, Mao, Kim Jong Ill and Adolph Hitler are a few examples of narcissists of our time. All these people had a tremendous influence over their fanciers. They created a personality cult around themselves and with their blazing speeches elevated their admirers’ souls, filled their hearts with enthusiasm and instilled in their minds a new zest for life. They gave them hope! They promised them the moon, but alas, invariably they brought them to their doom.
One determining factor in the development of NPD is childhood abuse. “Obama’s early life was decidedly chaotic and replete with traumatic and mentally bruising dislocations,” says Vaknin. “Mixed-race marriages were even less common then. His parents went through a divorce when he was an infant (two years old). Obama saw his father only once again, before he died in a car accident. Then, his mother re-married and Obama had to relocate to Indonesia: a foreign land with a radically foreign culture, to be raised by a step-father. At the age of ten, he was whisked off to live with his maternal (white) grandparents. He saw his mother only intermittently in the following few years and then she vanished from his life in 1979. She died of cancer in 1995.”
In Vaknin’s words, “Pathological narcissism is a reaction to prolonged abuse and trauma in early childhood or early adolescence. The source of the abuse or trauma is immaterial: the perpetrators could be dysfunctional or absent parents, teachers, other adults, or peers.”
If we look into the childhood of all narcissists, we can see that invariably they were abused. Saddam was born to a widow who after losing her husband and her 12 year old son was so distressed that she attempted suicide. Before his birth, she would pull out clumps of her hair and pummel her pregnant abdomen with her fists. Saddam Hussein in his own official biography recounts his unhappy childhood. Hitler was the son of a very abusive man who would beat him regularly. From Saddam to Osama, to Hitler, to Stalin, to Khomeini, to Mao and to Kim Jong Ill, it is wounded childhood that causes NPD. Obama’s chaotic childhood and his continuous struggle to find his identity make him a prime candidate for NPD.
Narcissists have only one issue: They want power and will do and say anything to get it. Their words mean nothing to them. They do not intend to keep them. They look into your eyes and swear on a stack of Bibles that they are not going to do something when that is exactly what they intend to do. They break their promises when it suits them and annul their treaties when they can get away with it. They lie, and lie, and lie, and lie, and lie, and lie, and lie, and lie, and lie, and lie, and lie, and lie, and lie, and lie.
Narcissists are pathological liars. They lie even to themselves. Ironically, they are the first to believe their own lies. When normal people lie, they show the sign of distress. Narcissists don’t. They can pass any polygraph test with flying colors. It is this conviction that fools people around them making them believe in their truthfulness and sincerity. In a twisted way they are sincere because, although they are conscience that they are not truthful, they believe in their own lies. This is difficult to understand and even more difficult to explain, but for a narcissist fantasy and reality are intertwined. The narcissist’s delusional thoughts of grandiosity are real to him.
Germans are not particularly an evil race. They are no better or worse than any other nation. And yet, despite their advanced culture and civility they committed the most hideous crime in modern history. They murdered up to ten million people, because these unfortunate souls did not meet their standard of “ethnic purity.” Hitler did not kill anyone; the Germans did.
So the question is: What made these smart and highly civilized people commit such horrendous acts of savagery?
According to Vaknin, “The narcissistic or psychopathic leader is the culmination and reification of his period, culture, and civilization. He is likely to rise to prominence in narcissistic societies.”
Is America a narcissistic society? Vaknin believes “Pathological narcissism is a ubiquitous phenomenon because every human being - regardless of the nature of his society and culture - develops healthy self esteem early in life [which he calls healthy narcissism]. Healthy narcissism is rendered pathological by abuse - and abuse, alas, is a universal human behavior. By “abuse” we mean any refusal to acknowledge the emerging boundaries of the individual - smothering, doting, and excessive expectations - are as abusive as beating and incest.”
The emergence of so many cults in America is proof that America is not an exception to the norm. If demagogue narcissists, like Jim Jones, David Koresh or Jimmy Swaggart can find a fertile ground in America, why not one with a political message?
Narcissists are manipulative and extremely resourceful. They know how to the play their game, and how to get what they want, by using others. Obama is the least experienced senator among the Democrats. His political views are the most foolish of them all. He opposed the surge in Iraq and he was wrong. He thinks the solution to terrorism is to sit with terrorist states without precondition and negotiate with them. When Russia invaded Georgia, all this genius did was to urge both sides to “exert restraint”. Everything this man has said so far reveals his ignorance in economical, political and military matters. Despite that, this junior senator has managed to rally the seasoned senators of the Democratic Party around himself and, not withstanding his ineptitude, he has emerged as the leader de facto of his party and their presidential candidate.
This is a remarkable feat. One must never underestimate the manipulative genius of pathological narcissists. They project such an imposing personality that it overwhelms those around them. Charmed by the charisma of the narcissist, people become like clay in his hands. They cheerfully do his bidding and delight to be at his service. The narcissist shapes the world around himself and reduces others in his own inverted image. He creates a cult of personality. His admirers become his co-dependents.
Anyone can be fooled by narcissists. Just as experienced and smart senators of the Democratic Party have surrendered to the charisma of Obama, a man who is inferior to them all in every sense; many members of the media also have fallen for his charm hook, line and sinker. The American media is soft on Obama, but extremely harsh and deceitfully unfair on Governor Palin. The “rich White Americans,” the very people he despised for twenty years are swooning for him. The Jews whom he opposed all his life are backing him. They are opening their wallets and supporting his campaign in an unprecedented way. He has managed to charm even the Kennedys. Ted Kennedy, the lion in the Winter, passed the Kennedy mantle unto Obama. That was hugely symbolic.; As for the great Clintons he made them submissive and obedient. And for whatever reason, incomprehensible to me, they are playing his game. Think about it. Obama is a cipher. In reality, he is nobody. And yet, thanks to his overbearing display of authority, the very mask that he is wearing to hide his devalued and injured self, he has overwhelmed all the giants of the Democratic party. Cults are full of very smart people who have fallen prey to very sick needy people.
Could all this phenomenal support and unbounded adulation erupt into violence? All the abuses and killings in Nazi Germany were done by the Germans, ordinary people who loved Hitler and believed in the glorious tomorrow that he was promising them. Hitler was insane, but those who did his bidding were not. Despite being smart, they did not hesitate to fulfill their fuehrer’s wishes and commit the most heinous crimes. The same thing happened in Iran. Ordinary people, once under the spell of Khomeini, acted like beasts. This is what happens when sane people follow insane people.
Could the same happen in America? Why not? Look how millions of people literally worship Obama. With some people I cannot even talk about Obama. They cannot tolerate any criticism of him. They get angry and, not only they want to end the conversation but threaten to end our friendship. I am familiar with this kind of religious devotion to a person. The reaction that I get from Obama worshipers is similar to that of Muslims when their prophet is criticized. They are even prone to insult you. See how they overlook Obama’s blatant lies and are willing to forgive his major sins such as racism. Note how the mainstream media bends the rules, twists the facts, exaggerates Obama’s little virtues, absolves his sins, and even lies to sell him to the public. Compare the royal treatment that the liberal press has given to Obama to how unfairly they treat Governor Palin, how they smear her character and belittle her experience and achievement. ABC’s Charlie Gibson’s interview with Governor Palin was a stain on journalistic integrity. Is it more important that Palin has not traveled the world and has not shaken hands with heads of states, or the fact that Obama has lied so many times? Under what pretext should an ordinary citizen visit heads of foreign states? The question itself is preposterous.
While not shaking hands with foreign heads of states does not disqualify one to run for any office, The Logan Act (est. 1799) makes it a crime for a citizen to confer with foreign governments against the interests of the United States. Specifically, it prohibits citizens from negotiating with other nations on behalf of the United States without authorization.
That is exactly what Obama did during his trip to Iraq, a charge that Obama’s national security spokeswoman Wendy Morigi confirmed, while trying to deny it. She said, “In fact, Obama had told the Iraqis that they should not rush through a ‘Strategic Framework Agreement’ governing the future of US forces until after President George W. Bush leaves office.”
This is high treason. Ordinary citizens have no right to enter into negotiations with foreign countries without authorization from the Government. Obama tells the Iraqis not to let the American soldiers go, so he can call them in January supposedly when he is the president and claim victory for himself. Will Mr. Gibson or anyone in the liberal media question Obama for this crime?
Gibson’s questions were tricky. He asked the Governor, “what do you think of Bush’s doctrine,” and then, instead of explaining himself, he insisted that his interviewee define what he meant. After letting the Governor look puzzled, Gibson explained what he understands by Bush Doctrine, which according to him is preemptive strike.
Assuming this is a “Bush doctrine,” is it his only doctrine? Isn’t being pro life also a Bush doctrine? Isn’t Christianity or creationism a Bush doctrine? Bush believes in a multitude of things. How can one know what Gibson has in mind? Do you see the trickery?
Many members of the media have been hoodwinked by the charm of the rising fuehrer. They have become his extensions, act deceitfully and dishonestly to make their beloved leader’s rise to power a reality.
How can smart people let themselves be manipulated by a psychopath to such an extent that they become quasi zombies? Recall what the smart Germans did under the spell of Hitler. Bear in mind what the Soviets did under the influence of Stalin. Consider what the Japanese did during WWII when they believed in the divinity of their emperor. Evoke how the Chinese Red Guard massacred millions of their own countrymen when they were blinded by their love for Mao and his faux notion of equality. Look at the Islamic terrorists. Can’t we say the same about them? Isn’t Islamic savagery the result of Muslims’ uncritical devotion to a long deceased narcissist? If you don’t know what I am talking about, I invite you to read my book, Understanding Muhammad. When sane people fall for the lies of an insane man they act insanely.
No one is born a terrorist. Terrorists are ordinary people who do the bidding of a pathological narcissist whom they love and worship as their liberator. They are so enamored with him that they stop thinking and act like automatons. To prove their love and devotion they can commit murder and even suicide. They can kill their own children, as the followers of Jim Jones did in Guyana. The narcissist encourages all of this behavior because it fuels his need for power. It reassures him that he is loved. Did you hear the song played during the Democratic convention? It said, “This is the church.” And who do you think is the head of that church? Americans are as fallible and as gullible as everyone else. It is foolhardy to say “it won’t happen to us.” Just as today, Obama’s supporters happily engage in intellectual dishonesty, deceitful reporting, and even hooliganism, I predict they will soon, merrily commit the same crimes other nations committed under the spell of their narcissistic leaders.
The Sick Symbiosis
Narcissists need their narcissistic supply to fuel their narcissism. They get it through adulation from people around them. These people are often also needy people. They are known as co-dependents. The narcissist and his co-dependent therefore, form a sick symbiosis in which both benefit. Let me give you one example to explain this mechanism.
David Sirota is a nationally syndicated newspaper columnist. In December 2006, in an article entitled “The Ridiculousness & Danger That Is Obama ‘08” Sirota lambasted the Democrats who wanted Obama, an incognito junior senator, to run for presidency.
“Sometimes, you really just have to sit back and laugh at the ridiculousness of the celebrity-obsessed political culture we now live in.” wrote Sirota in his column. “Take this Chicago Sun-Times article by Lynn Sweet in which she predicts Illinois Sen. Barack Obama (D) will run for president. She goes through what he has to do to prepare for his run, and this is the one that just makes you chuckle: “Develop signature legislative initiatives: Once the Democrats control Congress come January, there’s a chance to pass legislation. Watch for Obama to focus on alternative energy measures, health care and ethics reform legislation that stalled earlier this year.”
Think about it. The national media is swooning over Obama, begging him to run for president. Yet, at the same time, they are implicitly acknowledging that he has actually not “developed significant legislative initiatives.” In other words, we are to simply accept that the Obama for President wave has absolutely nothing to do with anything that the man HAS DONE and further, that whenever he does decide to use his enormous political capital to do something, it is all in pursuit of the White House - not any actual sense of DOING SOMETHING for the people who elected him to the Senate.
I don’t blame Obama for not having accomplished much - he’s been in the Senate for two years. As I wrote in the Nation, the main concern about him is that he doesn’t actually seem to ASPIRE to anything outside of the Washington power structure (other than maybe running for another higher office), and doesn’t seem to be interested in challenging the status quo in any fundamental way. Using his senate career as a guide, it suggests that any presidential run by him is about him, his speaking ability and his fawned over talent for “connecting” (whatever the hell that means).” (Read the rest of Sirota’s comment in his own blog.)
I could not say it better. Sirota understood the problem with Obama. He realized that not only this man has zero experience; he is actually a power hungry charlatan that aspires to noting other than running for another higher office. He then expressed his outrage at the fellow Democrats who tried to make a leader out of this quack.
These Democrats laid all their hopes on Obama. They were captivated by his charm. They could not see that this man is wearing a mask of authority to cover his inner feeling of insecurity; that he is a fraud, a narcissist. When approached, Obama at first confessed to his inexperience, but the sycophants in the Democratic Party, were so desperate to find a charismatic leader that they could not let go of their prize. It does not take much to persuade a narcissist that he can do anything. He is already convinced that he is smarter and better that everyone else. So, despite his own confession of lack of experience, Obama could not resist the temptation.
To nurture his narcissism, the narcissist needs narcissistic supply. It is always people around the narcissist who provide that supply and encourage him in his psychosis. If it were not for Khadijah who reassured her husband that his hallucinations were not demonic, as he had thought, but divine intimations, Muhammad may never have started his prophetic career. It was she who encouraged him to launch a new religion, instead of calling an exorcist.
This is called co-dependency. The co-dependent, who also suffers from low self esteem, seeks his or her grandeur and narcissistic supply in the greatness of a narcissist of whom she seeks to become a part.
According to Wikipedia, “a ‘codependent’ is loosely defined as someone who exhibits too much, and often inappropriate, caring for persons who depend on him or her. A ‘codependent’ is one side of a relationship between mutually needy people. The dependent, or obviously needy party(s) may have emotional, physical, financial difficulties, or addictions they seemingly are unable to surmount. The “codependent” party exhibits behavior which controls, makes excuses for, pities, and takes other actions to perpetuate the obviously needy party’s condition, because of their desire to be needed and fear of doing anything that would change the relationship.”
The Democrats were desperately in need of a charismatic leader. They saw their hope in a needy man, a narcissist who portrayed himself as self assured, eloquent and authoritative and had sex appeal. It was love at first sight and they set on to polish him as their candidate. In this relationship the Democratic Party became the co-dependent of the narcissist Obama. They needed someone to shine so they can bask in his splendor. And Obama needed them to fulfill his delusions of grandiosity. This is how codependency works. It is a sick symbiosis of two needy parties. Behind every successful narcissist, there is always a co-dependent.
When the co-dependent and the narcissist team-up the result can be catastrophic. Now we have folie à deux. The delusional belief of the narcissist about himself is transmitted and shared by another needy, but ostensibly smart person. The codependent validates and encourages the narcissist’s delusion. As the result, the narcissist becomes bolder, more assertive, more authoritative and more confident. The partnership of the narcissist and the codependent dons their delusion with the mantle of credibility. The codependent will then do everything to persuade others as well. The narcissist’s cause is himself. The codependent will champion that cause. By recruiting others, they find validation for their own belief about the narcissist. Soon the folie à deux becomes folie à trois, then folie à quatre, and when you are a presidential candidate and are followed by a hoard of journalists and cameramen, before you blink there will be folie à plusieurs (madness of many). Recent psychiatric classifications refer to the syndrome as shared psychotic disorder.
Like gasoline being poured on a fire, the sycophants around the narcissist provide him with an abundance of narcissistic fuel to feed upon. The unbounded adulation poured at his feet further reinforce and escalate the unique and divine self-image of the narcissist. The larger the narcissistic fuel supply becomes, the more inflated becomes his ego, and the more firmly set in his own mind becomes the conviction of his own invincibility and superiority over other men. The narcissist reaches a stage that he will claim to be a revolutionary leader, an agent of change and renascence, an instrument of God, even a messenger or prophet of God. Just as a fire can grow infinitely large as long as it receives its fuel, there is no limit to the delusional belief of a narcissist. When millions of people yell and scream and shout “I love you,” an ordinary narcissist is prone to believe that he is God. If the narcissist happens to be a person with power and authority, in a position of high leadership commanding armies and weapons of mass destruction, the result too often leads to the horrific slaughter of millions of innocent souls in the gulag, gas chambers, or killing fields.
Unbounded adulation reconfirms the narcissist that he is right and that anyone who disagrees with him is evil and therefore it is just to punish him. Narcissists do not understand the concept of the Golden Rule. Right is what benefits them and wrong is what harms them. So they fight for their own interest and are convinced that this is justice. Human rights and human lives are important only to the extent that they meet their narcissistic needs. They are worthless, and can be disposed of, if they don’t.
Ayatollah Montazeri, the man who was originally chosen to succeed Khomeini, recalled when Khomeini ordered the execution of 3000 youths who were captured during a demonstration against the regime. He protested and Khomeini angrily told him, “I will respond for my actions in the Day of Judgment.” Khomeini was a man of God. However, as a narcissist, he was convinced that because he was a superior being and a chosen one, a delusional belief that was reconfirmed by millions of people when they cheered for him, anyone who opposed him was opposing God and therefore by killing them he was doing the maker of the universe a favor.
There is no cure for narcissism. However, deprived of adulation, the disorder will remain dormant. The narcissist, without the narcissistic supply, may become grumpy and complain that the world does not understand them or appreciate their importance. They will continue to cheat and lie when they can get away with it, but the damage that they can cause is not earth shattering. However, when a narcissist becomes the focus of unlimited narcissistic supply, where millions of people scream at his feet, he goes insane.
As narcissism maturates, the narcissist becomes more demanding for respect and compliance and more intolerant of criticism. He becomes paranoid, and divides the world into “us” vs. “them,” and friends vs. foes. He casts himself as victim and instills in his minions the distrust of the “others”.
The narcissist’s anger and intolerance is projected on his servile followers who also become angry and intolerant of criticism of their leader. Remember the sick symbiosis between the narcissist and his codependents? The followers get their narcissistic supply by elevating the status of their leader. The greater he looks, the better they feel. They see their glory is his glory. Conversely, when the narcissist is criticized, his followers become offended. They take those criticisms personally and their instinct of self defense is triggered. They will become vigilantes and will silence their critics through intimidation, threats and violence (like calling those who disagree with Obama, racists).
Sirota was no fool. He saw what is wrong with Obama and was right on the money when he described him. But, as I have repeated many times, narcissists are gifted manipulators. Sirota is an influential man. Obama needed his support and called him.
It’s not every day that God calls your cell phone,” wrote Sirota, sarcastically speaking of Obama, ‘This is Barack Obama.’ Thinking it was a good friend playing a joke, I said I didn’t believe him. But no, the voice insisted with a laugh, it was Illinois Senator Barack Obama, otherwise known in cult-of-personality political circles as a deity, a rising Democratic star or, as George W. Bush recently called him, “the pope.”
Narcissists are relentless and very convincing. They tell you exactly what you want to hear. They are full of promises. Their talent to manipulate is phenomenal. Well, not this time! Sirota apparently was not ready to sell his conscience (at least not yet) and endorse a man who according to him did not “aspire to anything outside of the Washington power structure (other than maybe running for another higher office.)”
This is the kind of patriots America needs – men of integrity and conscience. Where does David Sirota stand today? Errr!… Amm!… Why do you want to know? Emm!… How can I put it? Mr. Sirota…, Errr!…, Ah! Yes! Mr. Sirota has had an epiphany - a Pauline sort of experience. As he neared Damas. Oopps! I mean Denver, on his journey to the Democratic Convention, suddenly a light from heaven flashed around him. He fell to the ground and heard a voice on his cell phone say to him, “David, David, why do you persecute me?” “Who are you, Lord?” David asked. “I am Barack, whom you are persecuting,” he replied. “Now get up and go into the city, and you will be told what you must do.” That is how David Sirota became a believer of Obama. He stopped blaspheming his Lord by calling him inept and opportunist. Guess what? He has even defended Jeremiah Wright. Hallelujah! Surely “God” (the emerging one) can transform the hearts of his enemies.
Narcissists have an almost surreal power to manipulate others. They can literally charm their adversaries and turn them into cheerful scullion, who will even thank them for giving them the privilege to slave for them.
You see! The narcissist and the codependent need each other. Many members of the Democratic Party may know what Sirota knows, but they need Obama. They have to keep the appearances (think Hillary).
Narcissists are amoral. They consider themselves to be above the law. Once in power, they will try to strengthen their hold by surrounding themselves with equally amoral people. A good example of what we should expect in Obama’s administration is the infamous NAFTA gate scandal. This is what happened:
A senior member of the Obama campaign called the Canadian government to say that “when Sen. Obama talks about opting out of the free trade deal, the Canadian government shouldn’t be worried; that it is just campaign rhetoric and shouldn’t be taken seriously.”
Isn’t it amazing? Obama tells the Ohio voters, who are unhappy with NAFTA that he is going to kill it, when actually he does not mean to do any such thing. For a narcissist, end justify means. He feels warranted to lie and deceive in order to accomplish what he has to accomplish.
This story was denied by Obama, but confirmed twice by sources at the highest level of the Canadian government. This is how a narcissist operates. Obama will lie to Americans and he will surround himself with equally unethical people. With a Congress controlled by Democrats, nothing will stop him from abusing his power.
The Cause of the Narcissist
The cause of the narcissist is himself. Everything else is a tool, a stepping stone for the narcissist to ascend to power. Narcissists don’t have any ideology. They champion the cause that has a better chance of making their ascent to power easier.
Vaknin writes: “Narcissists use anything they can lay their hands on in the pursuit of narcissistic supply. If God, creed, church, faith, and institutionalized religion can provide them with narcissistic supply, they will become devout. They will abandon religion if it can’t.”
Therefore, the question whether Obama is a Muslim or a Christian, whether he is pro Palestine, as he has been all his life or whether he is pro Israel, whether he is a black supremacist or an agent of racial harmony, are moot. Obama is anything you want him to be and situation dictates. He takes the side that is more expedient to his cause. To communists he is a comrade, to Islamists he is their man, to Palestinian fighters he is their hope and to the Jews he is a staunch Zionist. The narcissist’s creed is himself. Everything else is negotiable.
Obama will do and say anything as long as it suits him. He will embrace any cause, will align himself with anyone, and will shift his position wherever the wind blows. Narcissists are chameleons.
Obama voted “present” in the Senate most of the time, (130 times to be precise) not because they were too difficult decisions, as Rudy Giuliani said at the GOP convention, but because those issues were not relevant to his cause.
Narcissists have no interest in things that do not help them to reach their personal objective. They are focused on one thing alone and that is power. All other issues are meaningless to them and they do not want to waste their precious time on trivialities. Anything that does not help them is beneath them and do not deserve their attention. If an issue raised in the Senate does not help Obama in one way or another, he has no interest in it. The “present” vote is a safe vote. No one can criticize him if things go wrong. Why should he implicate himself in issues that may become controversial when they don’t help him personally? Those issues are unworthy by their very nature because they are not about him.
Obama’s election as the first black president of the Harvard Law Review led to a contract and advance to write a book about race relations. The University of Chicago Law School provided him with a fellowship and an office to work on his book. The book took him a lot longer than expected and at the end it devolved into…, guess what? His own autobiography! Instead of writing a scholarly paper focusing on race relations, for which, he had been paid, Obama could not resist writing about his most sublime self. He entitled the book Dreams from My Father .
Not surprisingly, Adolph Hitler also wrote his own autobiography when he was still nobody. So did Stalin. For a narcissist no subject is as important as his own self. Why would a he waste his precious time and his genius, writing about insignificant things when he can write about such an august being as himself?
Narcissists are magical thinkers. They live in a world of fantasy; fantasies of grandiosity and unlimited power. But they are convinced that those fantasies will become reality because they are special and destined for greatness. That is why Obama already sees himself as president and acts presidential. The very fact that he traveled abroad and visited with several heads of states is another sign of this man delusions of grandiosity. He is not representing the government. Under what pretext he visited those heads of states and entered into negotiations with them?
Vaknin explains, “Bragging and false autobiography – The narcissist brags incessantly. His speech is peppered with ‘I’, ‘my’, ‘myself’, and ‘mine’. He describes himself as intelligent, or rich, or modest, or intuitive, or creative – but always excessively, implausibly, and extraordinarily so.”
Narcissists Are Dangerous.
Narcissists are often callous and even ruthless. As the norm they lack conscience. This is evident from Obama’s lack of interest in his own brother who lives on only one dollar per month. A man who lives in luxury, who takes a private jet to vacation in Hawaii, and who has raised nearly half a billion dollars for his campaign (something unprecedented in history) has no interest in the plight of his own brother. Why? Because, his brother cannot be used for his ascent to power. A narcissist cares for no one but himself.
Compare this to what the McCains did. They brought a child from Bangladesh with facial deformities - a little girl with no chance for a normal life – and with plastic surgery restored her beauty and adopted her as their daughter. Millions of ordinary people, who are not even wealthy, have adopted children of total strangers in third world countries and give about a dollar a day for their education and upbringing.
Narcissists can be very generous, but never without an ulterior motive. They are generous when their display of generosity is noticed and elevates them in the eyes of others. Obama donated $20,000 to his racist and anti-Semitic church, but neglected his brother who could get some education and live a lot better if only he had one dollar per day.
Narcissism is all about image. Vaknin says, “The narcissist is shallow, a pond pretending to be an ocean. He likes to think of himself as a Renaissance man, a Jack of all trades. The narcissist never admits to ignorance in any field – yet, typically, he is ignorant of them all. It is surprisingly easy to penetrate the gloss and the veneer of the narcissist’s self-proclaimed omniscience.”
Obama’s gaffes on history and world affairs are proof of that. He said if elected president he would “immediately call the president of Mexico[and ] the president of Canada, to try to amend NAFTA.” Canada does not have a president.
Narcissists have a profound sense of call as they believe that they have a “special purpose” or a “high calling.” In his autobiography Hitler wrote, “I believe today that my conduct is in accordance with the will of the Almighty Creator.” Politics and religion offer irresistible lure for the narcissist.
And this is what Obama said about his “calling:” “Kneeling beneath that cross on the South Side of Chicago, I felt I heard God’s spirit beckoning me,” he said of his walk down the aisle of the Trinity United Church of Christ. “I submitted myself to his will and dedicated myself to discovering his truth.”
At least one mental health professional believes that about 6% of Americans are pathological narcissists. This percentage in countries where child abuse is more prevalent is a lot higher. Although all narcissists are cunning, and bereft of conscience, not all of them have the wits to rise to power. A narcissist with smarts can be dangerous.
Hitler was smart, and so is Obama. Hitler would not have become the monster that he became had he not risen to power and had he not received so much narcissistic fodder to feed on. One man who saw Khomeini prior to rising to power recalled he would gently push flies out of his window, but would not kill them. The same man massacred tens of thousands of Iranians. It is power that brings madness out of the narcissist.
America is at a crucial moment of its history. I cannot think of any disaster greater than putting a pathological narcissist in control of the world’s most powerful military machine.
Narcissists are empty in substance but full on promises. Obama has not proposed a single concrete workable plan, but he has raised the hopes and expectations of millions of people with his promises. The glorious tomorrow that he offers is no more real than the Styrofoam Greek columns that adorned his image during his acceptance speech.
Vaknin says, “The narcissistic leader prefers the sparkle and glamour of well-orchestrated illusions to the tedium and method of real accomplishments, His reign is all smoke and mirrors, devoid of substances, consisting of mere appearances and mass delusions. In the aftermath of his regime - the narcissistic leader having died, been deposed, or voted out of office - it all unravels. The tireless and constant prestidigitation ceases and the entire edifice crumbles. What looked like an economic miracle turns out to have been a fraud-laced bubble. Loosely-held empires disintegrate. Laboriously assembled business conglomerates go to pieces. “earth shattering” and “revolutionary” scientific discoveries and theories are discredited. Social experiments end in mayhem.”
“The narcissist who regards himself as the benefactor of the poor, a member of the common folk, the representative of the disenfranchised, the champion of the dispossessed against the corrupt elite - is highly unlikely to use violence at first.”
The pacific mask crumbles when the narcissist has become convinced that the very people he purported to speak for, his constituency, his grassroots fans, the prime sources of his narcissistic supply - have turned against him. At first, in a desperate effort to maintain the fiction underlying his chaotic personality, the narcissist strives to explain away the sudden reversal of sentiment. “The people are being duped by (the media, big industry, the military, the elite, etc.)”, “they don’t really know what they are doing”, “following a rude awakening, they will revert to form”, etc.
When these flimsy attempts to patch a tattered personal mythology fail - the narcissist is injured. Narcissistic injury inevitably leads to narcissistic rage and to a terrifying display of unbridled aggression. The pent-up frustration and hurt translate into devaluation. That which was previously idealized - is now discarded with contempt and hatred.
This election is like no other in the history of America. The issues are insignificant compared to what is at stake. What can be more dangerous than having a man bereft of conscience, a serial liar, and one who cannot distinguish his fantasies from reality as the leader of the free world?
I hate to sound alarmist, but one must be a fool if one is not alarmed. Many politicians are narcissists. They pose no threat to others. They are simply self serving and selfish. Obama evinces symptoms of pathological narcissism, which is different from the run-of-the-mill narcissism of a Nixon or a Clinton, for example. To him reality and fantasy are intertwined. This is a mental health issue, not just a character flaw. Pathological narcissists are dangerous because they look normal and even intelligent. It is this disguise that makes them dangerous.
Vaknin says, “When the narcissist reveals his true colors, it is usually far too late. His victims are unable to separate from him. They are frustrated by this acquired helplessness and angry at themselves for having failed to see through the narcissist earlier on.”
Today the Democrats have placed all their hopes in Obama. But this man could put an end to their party. The great majority of blacks have also decided to vote for Obama. Only a fool does not know that their support for him is racially driven. Brendan Farrington, reported, evidence indicates that some black Republicans are switching parties to vote for Obama. He wrote, “Florida has 81,512 more black Democrats compared to a loss of 784 black Republicans; Louisiana has 34,325 more black Democrats, while the number of black Republicans dropped by 907; North Carolina has 92,356 more black Democrats and 2,850 fewer black Republicans. The only three states that track voting registration by party and race show black Republican registration dropping slightly since the beginning of the year.”
Let us call a spade a spade. This is racism, pure and simple. The truth is that while everyone carries a misconceived collective guilt towards the blacks for wrongs done centuries ago by a bygone people to a bygone people, the blacks carry a collective rancor, enmity or vendetta towards non-blacks and to this day want to “stand up” to the whiteman. They are stuck in 19 century.
The downside of this is that if Obama turns to be the disaster I predict, he will cause widespread resentment among the whites. The blacks are unlikely to give up their support of their man. Cultic mentality is pernicious and unrelenting. They will dig their heads deeper in the sand and blame Obama’s detractors of racism. This will cause a backlash among the whites. The white supremacists will take advantage of the discontent and they will receive widespread support. I predict that in less than four years, racial tensions will increase to levels never seen since the turbulent 1960s. Obama will set the clock back decades.
America is the bastion of freedom. The peace of the world depends on the strength of America, and its weakness translates into the triumph of terrorism and victory of rogue nations. It is no wonder that Ahmadinejad, Hugo Chavez, the Castrists, the Hezbollah, the Hamas, the lawyers of the Guantanamo terrorists and virtually all sworn enemies of America are so thrilled by the prospect of their man in the White House. America is on the verge of destruction. There is no other insanity greater than putting a pathological narcissist in the White House.
When a narcissist is running for the highest office in the world, the stakes cannot be higher. Did it matter what were Hitler’s views on abortion, economy, environment, education, old age pension, gay rights, social security, jobs or housing? With Hitler, the only thing that really mattered was his mental sanity.
Posted by Ryan Renshaw at 4:59 PM