Special Edition – July 17, 2010

SPECIAL WEEKEND EDITION

I am not sure how far back I said it when I surmised that Goldman Sachs would be fined and that would be the end of it.

Well, Goldman Sachs just got away with economic murder – and there was nary a hue and cry.

Remember when the World was reeling out of control – all because 300,000 American homes went into foreclosure – and this very same bank/investment house was selling bogus mortgage paper on the open markets – to our FRIENDS and ALLIES alike?

It is a very telling move, one that has prompted me to write this special weekend edition.  For in its “adjudication” the stage is set for the next step.

But let’s back up for a moment.

Is it harder to control 8,000 small “regional” banks or easier to control 5 “mega” banks?

The answer is obvious – 8,000 banks is infinitely more difficult.  So how do you get rid of these pesky little companies – and thus corner the banking market in the process?

Would it even be remotely possible that the near “economic meltdown” was a total ruse from the beginning?

I mean, does the WHOLE WORLD ECONOMY really depend upon simple American home mortgages going into bankruptcy?  I am not even talking about commercial mortgage paper – just home mortgages.  Think about that for just a moment.

I know – here we go again with the conspiracy garbage.  But bear me out, just for a few minutes – and start to think WAY out of the barrel that you are now economically drowning in.

It was October 2008 – the election for PRESIDENT – was literally DAYS away.

Suddenly, there is a crisis of MONUMENTAL PROPORTION – and Henry Paulson magically appears on the scene and THREATENS a Worldwide Monetary Collapse, if the US Government does not grant – and approve immediately – a stimulus bill of almost ONE TRILLION DOLLARS – to save the US Economy – and that of the World, to boot.

Without reading the bill, it was passed out of fear and ignorance.

Now – people are asking – where are all the “shovel ready jobs?”

In fact, where the hell did ALL THAT MONEY actually go?

And where is Henry Paulson – the one who used to run Goldman Sachs – along with many other multi-billionaires in high governmental posts.  They have simply vanished into thin air.

Paulson is no where to be found.  It is rumored that he was given a bonus from Goldman to be in the billions.

Where did all that “stimulus money” ACTUALLY go?

NO ONE KNOWS – EXCEPT A SELECT FEW.

And that select few is not, WE THE PEOPLE.

But we ended up footing the TOTAL BILL just the same.

Fast forward now to the “Supreme Court” ruling that Goldman Sachs is just like an individual – AND CAN CONTRIBUTE AS MUCH MONEY AS IT WANTS TO SUPPORT CANDIDATES OF ITS OWN CHOICE.

This is NOT a conspiracy theory.  These are mere FACTS.  The Supreme Court actually did this – and no one is, yet to be, marching in the streets.

And now, we have just seen the Government pass the most sweeping financial changes on the banking industry – 278 or so NEW rules and regulations that will affect mainly SMALL REGIONAL BANKS.  And again, these rules run into the thousands of pages – and few, if any of those who voted for it – can explain what they precisely voted on.

It is simply insane.  And my backing of Scott Brown just went down about 90% in the process.  I made a mistake on thinking that he knew what he was doing.  I was wrong.

But will the Liberals who voted for Obama ever admit they made a mistake?  You already know the answer to that one.

I see a tidal wave of small bank disasters in the coming months, simply because they will not be able to comply with the massive amount of extra paperwork required by the Government.

It will not hurt Bank of America, Morgan Stanley, CITI Bank, JP Morgan – or Goldman Sachs – because they can abide by the rules.  They have the money – that WE THE PEOPLE  gave them.

But the small banks don’t – and they will go bankrupt in droves.

The major banks are now either directly – or indirectly – controlled by the Government.

And all this has been done LEGALLY, without one shot fired.

And one final point:  Where did Bank of America and CitiBank SUDDENLY GET SO MUCH MONEY TO PAY BACK THEIR LOANS – yet, are still NOT loaning money to small businesses?

What are we witnessing here?

WHAT ABOUT HOUSING?

In case you missed it, Fannie Mae and Freddie Mac were COMPLETELY left out of these rules and regulations.

But why?  Doesn’t any fair-mined person even entertain this kind of question?

The Government wants to control WHO gets the loans for housing – so they left these two monstrosities virtually untouched.

I can envision these two entities telling prospective customers that if they make too much money they are not qualified to get a loan.

You will, sooner or later, have to be in financial hardship to qualify.

This will leave the economic middle class virtually out of the picture – but they will be forced to pay for SUBSIDIZING these two Governmental entities through the IRS.

Again, what the hell is going on?

Now, the major lending institutions for ADEQUATE HOUSING – are also TOTALLY GOVERNMENT CONTROLLED.

Is there an intentional pattern going on here?

WHAT ABOUT TRANSPORTATION

The Government also controls CHRYSLER and GENERAL MOTORS.

Again, this is not a conspiracy theory.  It is simply the truth.

Remember, Toyota and their “murder cars?”

Suddenly, the best built car in the world – with a dynamic following – was going berserk on its own and killing its drivers.

The Media went wild with this one.  But why?  Because the Government wanted to do physical and economic damage to its most potent competitor – Toyota Motors.

The President of Toyota, no less, was summoned to Washingon from Japan – and grilled mercilessly for hours on end.

If this is not arrogance, I do not know what is.  Would the head of ANY major American corporation ever go to another country and explain why its product is not as it was purported to be?

Well, it now seems that most of the accidents, that have been investigated so far, were caused by “driver error.”

According to the Investors Business Daily (IBD), the National Highway Traffic Safety Administration (NHTSA) has discovered that the onboard data recorders “from dozens of cars show that accelerators were open and there was no braking when the cars crashed.”

I am sure that this finding will be “revised” by the White House, but for now it stands on record.

Is this a conspiracy theory of mine again?  Not at all.  This is quoted fact, IBD, Thursday Edition, July 15, 2010, page A 10 – just in case you want to take the time and look it up for yourselves.

My question is – if Toyota is found to be mostly innocent of wrongdoing – will the Government and the Government Media offer an apology?

Will Lloyd Blankfein, the head of Goldman Sachs, ever go to other countries and apologize for selling them a bill of goods?

The answer to both questions is an emphatic NO.  This Government – and this so-called free press of ours DOES NOT MAKE MISTAKES – thus I guarantee no public apology will be forthcoming.

And what about the Millions that Toyota has already paid in fines?  Will that money be repaid – with interest?  Then again, what good is a rhetorical question at this point in time?

HEALTHCARE/MEDICARE/MEDICAID/SOCIAL SECURITY

Is a comment even necessary on any one of these points?

Yet, we tend to forget that these are all Government Controlled entities, in and of, themselves.

And they are all going broke.

What recourse will you have if the Government suddenly says it will only give medical care to people under a certain age?  It could happen.

What will you do if Medicare is suddenly phased out and you have to pay for these costs yourself?  It could happen.

What if Social Security suddenly says that they will forgo paying the Cost of Living Adjustment (COLA) for two years?

Did you just read the last one?  This has ALREADY HAPPENED.  It is not a “what if” situation.  It has already come to pass.

And all those good readers on Social Security – what did you do?  I can tell you exactly what you did.  You did precisely what I did – Nothing!

Because there was nothing WE THE PEOPLE could do.

Again, what is really going on in this Country of our Forefathers?

YOU ARE ALL OVER THE PLACE – GET BACK TO GOLDMAN?

Good point.

Goldman Sachs has direct lines into the FED – the PRIVATE organization that controls the printing of the United States dollar.

Does anybody even know who these FED people are?  Is there a list where I can look up their names and what they do for a living?  I mean everyone – including the “advisors.”

Is there any other country in the world that allows an elite group of men to dictate the amount of currency to be printed – by a private institution?

And, on top of that, once the money is printed – then this ultra-elite group of men do not give it to the United States of America.  They loan it to the Government – and charge 4% interest on the money they print and actually sell to the United States.

So, why not just print as much money as you can (rampant inflation) – and charge 4% – on the total amount?

This whole concept gives a totally new meaning to the phrase, “A license to steal.”

Goldman is up to its neck in money – and I am not talking about millions, billions or trillions – but QUADRILLIONS!

Sounds like another conspiracy theory, doesn’t it?

Again, the Government, IN DIRECT CONJUNCTION with the Mass Media, has come out banging their chest that this is the “biggest fine ever levied” on any American company or corporation.

But, when you look at it, you have GOT to ask yourself if this really is the truth – when you consider the TOTAL PACKAGE that we are talking about.

Yesterday, the Securities and Exchange Commission (SEC) announced – again on Friday – that the investment bank will pay a record $550 MILLION (NOT BILLION) in fines and compensation.

$550,000,000.

The reason I am making a point of million, and not billion, is because people are already confusing the two.  Chaos Theory is alive and well.

Did anybody hear that dime hit the bottom of the tin cup?

Do you realize how little this actually is – considering that Goldman Sachs reports income in the BILLIONS – on a QUARTERLY BASIS?

Yet, no one knows exactly how much Goldman Sachs actually pocketed during their worldwide financial scam.  I will bet a million dollars that it was a lot more than $550,000,000.

I ask WE THE PEOPLE again, what the hell is really going on here?

These are FACTS.  Ladies and Gentlemen – WAKE UP!  BEFORE IT REALLY IS TOO LATE!

IS THIS A CONSPIRACY BY AN EVER-ASCENDING OLIGARCHY?

Main Entry: ol·i·gar·chy

Pronunciation: \ˈä-lə-ˌgär-kē, ˈō-\

Function: noun

Inflected Form(s): plural ol·i·gar·chies

Date: 1542

1 : government by the few
2 : a government in which a small group exercises control especially for corrupt and selfish purposes; also : a group exercising such control
3 : an organization under oligarchic control.

SOURCE: Merriam-Webster’s On-line Dictionary

It is up to WE THE PEOPLE to decide if we are going to allow this kind of usurpation of our Constitution to continue or not.

Please remember, not ONE of these elements are of a conspiratorial nature.  These are stated – and proven – FACTS.

There are no conjured up stories here.  All of this is happening right this very minute.  It is real and WE THE PEOPLE are the only ones who can stop it before it is too late.

This is the kind of chaos theory that all Radical Elements – down through the ages – employ, to confuse, obfuscate and circumvent what is really going on.

Keep shooting in all directions, keep pointing fingers, keep yelling that the economy is getting better, keep bullshitting – and sooner or later everyone just gets tired of the whole charade and gives up.

THAT is their strategy – and I beg you not to let this happen to WE THE PEOPLE.

Don’t give up.  Keep fighting.  Don’t be afraid to speak your honest feelings.  Get involved.  Work your Conservative phone banks.  Stand on the street corners and wave signs for Conservative candidates.  Get out and knock on doors.

And, whatever you do, don’t let the Liberals sidetrack you with “SOCIAL ISSUES.”

We have much more pressing problems right now than to be distracted even further with things such as abortion and gay marriage.  Deal with those matters later.

But many will still succumb to these sucker punches from the Government and Mass Media.

And I am afraid that this will be the next tactic that the Government and Mass Media will begin to exploit.

Be careful.  Don’t take the bait.  Don’t be fooled – again.  Too much is at stake for America.

November 2nd – the first Tuesday after the first Monday – is ELECTION DAY.

This might be the most important vote in your entire lifetime.  Make it count.

In closing, I ask you not to take my word for all that was said above.  Rather, ponder a quote by a conspiracy theory expert from a much earlier period:

” I believe that banking institutions are more dangerous to our liberties than standing armies.  If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations that will grow up around the banks will deprive the people of all property – until their children wake up homeless on the continent their fathers conquered.”

Thomas Jefferson

Take care and keeping thing positive!

Lawrence Klepinger
Editor/Publisher
THE AMERICAN TELEGRAPH

 

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Comments:

9 Responses to “Special Edition – July 17, 2010”

  • John Says:

    Well, when I do watch the news (listen to) and read the little ticker tape on the bottom of the screen, then really watch and listen to what TV news people are saying, its never along the same lines. Remember TV is in the business as a news bureau…not an entertainment center. Today news in any media form is tainted to what they want to present and the side of the fence they want to be on. Take a look at an old western movie that involves a newspaper in the story line. That newspaper is feared by many as to what they may print; and they don’t control them, they kill them.

    I am retired and my money is not sustaining, it is going away, who is going to help me live when that his gone. Why is medicare, when I turned 65, the primary medical provider?

    Social Security is as the name implies, not a retirement plan. Think about that!! Why does Social Security give COL allowances, but my company retirement plan does not? When I retired 9 years ago, I was told my dental and vision care would return when turning 65; but NO it didn’t, WHY?

    I repeat what I heard over 50 years ago. “The way to defeat the United States is in the pocket book.” Just seems that is what Mr. Klepinger is talking about; and that it is not coming from foreign sources, it is coming right from our our Government; Get this, we elect that Government!!

    I repeat again, think about what is being said in this American Telegraph, NOT what you can argue with. Where is our government leading us, taking us, doing to us? The people who work earn wages and then have to give it to the government to spend for “We the people, of the people, by the people”. Who really has control. Protesting does nothing, they have learned how to control and work with that type of faction, and they are doing the same with the converstations and your vote. Take a chance, vote aaaahhh, is that liberal or conservative…or maybe just not for an incumbant.

    I was told I could not refinance, not wanting money, just a lower APR, but they said I did not enough equity in my home. No equity because the value has come done to meet the loan amount. Humm!!!

    And one more fact: if you take and have time, try an Internet search on the words “Obama and the Chicago Mob”. I think you will find the number of hits and the conversation very interesting. Do a little research on the Internet before you vote. It is fascinating what you find out, and you can tell real from fiction.

  • Doug Says:

    Dear old Larry
    Nothing short of collapse will ever cleanse the planet of the human virus. With collapse will come renewal. Unfortunately the most advanced of the life forms will have been blasted back into god’s welcoming embrace ( or the arms of the multi virgins of the Islamic fantasy.)

    When you consider the portent of Human dedication to pure fantasy in their choice of “entertainment” currently vastly Vampire and a distinct preoccupation with the absurdities of Harry Potter and moving on to cataclysmic nonsense of varying degrees you must accept that average Joe has no interest in mundane reality .

    After you ponder such trends and their implication turn to religion (Contain your impatience politics is in my sights) Now there is huge fantasy Agents of evil masquerade as priests to molest children under protection of a church heirarchy. Agents of the Islam “religion” slaughter innocents and the fantasy that supports gardens with talking snakes and wooden boats overloaded with animal poop sailing gigantic floods commands the faith of millions.

    Likewise in politics The fantasy of “representation” survives and here it is labelled “Democracy”. Now entrenched in that democracy are all the highly devious and dishonest traits of We The People and the snowflakes of immorality therein become an avalanche in Washington (Hence my bumper sticker: “Invest in America – Buy a politician”.

    Whatever “force” created the mess in which we all now wallow sure doesn’t portend well for ANY system of management of our affairs and our ethics. I will just repeat here Larry that I believe that you could not mount any theory fantasy or otherwise that would not sooner or later be bested by the realities of greed based politics.

    I of course am doomed to die in despair. On the other hand you and your worthy belief that the malaise can be countered may lead you to a better end. Good luck I have given up hope

    Doug

  • joe winstead Says:

    Well, Gosh Darn it Doug, my feelings are now really hurt. Before today’s blog I always liked like to think of myself as an “average Joe” – Good ‘ole “Joe six pack’, just like the media like’s to call usun. Alway’s made me proud! Funny thing is, there really isn’t much mundane about the current reality of American politics, is there? Greed based politics are nothing new – take a look at the Grant administration, for starter’s. It’s been a long history, much of what we haven’t learned from.
    Me, I have no intention of dying in despair. What the hell’s the point of that! Hope springs eternal, or so I’ve been told. Dying at either end of an M-16 is a much better proposition, and maybe it’s time to consider that option.

  • Doug Says:

    Dear Joe

    good to “meet” you online
    compliments on your upbeat comments.
    As a kid I received a book “Murphy for Dummies” but it took me many many years of frustrating disappointments before its message…… “If a thing CAN go wrong it WILL go wrong.” registered with me as an accurate “bible” of democracy.

    Democracy the beautiful became Democracy the decayed in the hands of human greed. I accept what you say: I suppose politicians have always rolled in the muck (so to speak) even back to Grant.

    Now as my demise looms I acknowledge the futility of expecting much of politicians of any cult as guardians of ethics: their survival mandates duplicity their drives succumb easily to bribery and corruption and their collective conduct can get nearly as low as street gang warfare.

    Jaundiced? Who? Me? You betcha !

    One consolation as Churchill once observed something like this
    Democracy is the worst form of government… excpt for all the others

    Doug

  • Alma Arthur Says:

    Larry,
    You did place the word PRIVATE organization in bold print, referring to the Federal Reserve, but practically everyone I know doesn’t get it. They truly believe the Federal Reserve Bank is a government agency. They do not know the 1913 Glass-Owens bill was written in secret by the corupt huge private bankers of New York City, at their private hunting lodge on Jekyll Island, GA. The new agency was supposed to keep the country from depression. The public was hoodwinked by the spin on the propaganda they themselves published. America needs to repeal the Fed Reserve Banking System (really controlled by a few greedy, exceeding powerful men). Why should we pay interest to private banks on money the US mint prints? REPEAL THE FEDERAL RESERVE.
    Yes, I have to agree with your choice of words; The United States is already an oligarchy.

    I don’t live in New Hampshire, but if I did I would vote for Peter Schiff for Senate. I think he is one of the few people who could begin to repair our corupt system. Alma

  • FRED KIELY Says:

    KEEP UP THE GOOD WORK AND REMEMBER IT TAKES A VILLAGE TO DELEATE A POLITCIAN

  • FRED KIELY Says:

    THE TIME FOR CHANGE HASTAKEN ON A NEW MEANING. THE AMERICAN PEOPLE NEED TO STAY INFORMED AS TO WHAT THE GOVERNMENT IS DOING. IN THE PAST SIX MONTHS I HAVE SPOKEN TO THREE PEOPLE WHO DIDN’T EVEN KNOW THAT A NEW HEALTHCARE BILL WAS PASSED. IF YOU REALLY WANT TO KEEP ON TOP OF THINGS THEN I SUGGEST YOU START WATCHING FOX NEWS. ABRAHAM LINCOLN ONCE SAID YOU CAN FOOL SOME OF THE PEOPLE ALL OF THE TIME, YOU CAN FOOL ALL OF THE PEOPLE SOME OF THE TIME, BUT YOU CAN’T FOOL ALL OF THE PEOPLE ALL OF THE TIME. THERE ARE STILL A LOT OF PEOPLE IN THIS COUNTRY WHO HAVE NO IDEA WHAT IS TAKING PLACE, SOME DON’T CARE, AND OTHERS ARE JUST FOOLED ALL OF THE TIME.

  • joe winstead Says:

    Hello Doug- Pleased to make your acquaintance. You hit the nail on the head with ethics and politicians – it’s like oil and water. What we need to do is make sure that they don’t survive – through the use of term limits. But how do ‘We the People’ get a constitutional amendment passed without help from within Congress? I wish I knew.

    Something has to happen to break the political spin cycle we’ve been in all these years. It will be a massacre for the Democrats this November, but then what will we end up with? More jerks like Brown from Mass. – a guy that Larry thought (briefly) was going to save America. So a little to the right we’ll go next year, and a few years later back to the left. Meanwhile the national debt will continue to grow unchecked because no politician has the guts to cut spending. AIG or GM may be too big to fail, but I don’t think America is. And it will, if we don’t change course quickly.

    Alma wants to abolish the Fed. That would indeed be a great start. Then we could eliminate the IRS, about a third of the cabinet agencies, drop out of NATO (they can afford to defend themselves), bring our troops home from the 100 and some countries they are now stationed in (they could easily protect our borders like they have South Korea’s for 50+ years), and move the UN to Zimbabwe, where it belongs. Think how quickly we could balance the budget. By golly, we could even use our foreign aid money to rebuild our own infrastructure. Egypt, Gaza, Iraq and all the rest would just have to fix their own damn roads and bridges. I say stuff this one globe one world nonsense. Could you imagine what this nation could become (again) if we limited government and actually put America first?
    But enough dreaming – let’s do something to actually fix our problems – like maybe dig Lincoln back up like Chavez did with Bolivar. Now there’s a politician on a mission. I wonder what Churchill would think?

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