The Scofflaw Scoop

American Scofflaw

Sit your child down, and gently explain to your child that the destruction of the Twin Towers on 911 was part of a global, overarching strategy by elements within the intelligence communities, global financial elite, both in the United States and Israel, to initiate a war against humanity; utilizing the fear generated in the world by the 911 attacks to foment the formation of a global police state, a New World Order, composed of a hierarchy of a handful of billionaire oligarchs sitting on top of billions of poor, living in Mumbai-type slums, providing a control-matrix within which the elite would run the world, without fear of retribution for their acts of tyranny.

Gently explain to your child, for they will now be afraid, that 911 was a "false-flag" terrorist act. That false-flag terrorist acts are acts of mass-murder using bombs, chemicals, diseases, etc...against innocent populations, children, to instill mass hysteria, but then in the ensuing confusion, blame these atrocious acts against a third party to deflect responsibility away from the real culprits; and then use the fear generated for some ulterior purpose. In the case of 911, Osama bin Laden was blamed for the attacks, along with his organization, al Qaeda, a secret army created by the CIA that fought the Russians in Afghanistan, the Serbs in Kosovo, and in the Bekaa Valley, the Syrians; and in the aftermath of fear, the global elite, led by the Bush administration, began the work of installing the police state that now exists in the United States (Homeland Security), Britain, Australia, and France.

As added background, tell your babies that 911-type terrorism has evolved, historically, to its present form, dating from the overthrow of the Hawaiian monarchy in 1896, and has been used by the U.S. and other countries to control the innate need for people everywhere to freely express themselves and be self-determined. That controlling them, making them more fearful and compliant, was necessary so international corporations could control markets, labor, production and distribution without fear of unions, living wages, environmental protection laws, taxes or fear of being arrested for crimes against humanity, like drug running or child sex tourism.

If your children are now crying hystericlly, take the time to calm them down, and then as part of your presentation to your children, it would be wise to explain to them that much of modern tension in the world, muslim world, and the west is rooted in the Israeli occupation of Palestine and the U.S. led overthrow of the Mossadegh government in Iran in 1953. That the islamic fundamentalism that has swept the middle east and central asia was just a reaction, a blowback, from these two events; and that part of the strategies laid out in the post-planning process of 911 false-flag attacks was to follow Israeli foreign policy aims, destroying the infrastructure of the muslim world, create a greater Israel from parts of the muslim middle east and, at the same time, opening up markets for corporations, for resources like oil in these muslim countries, for the Koran strictly forbids usury and taking advantage of the weak and the helpless; and then, ultimately, acting to undermine the governments of Russian and China, with color-code revolutions, as they are "competitors" to the corporations run by the global elite, and the New World Order the "elite" wish to impose upon the world.

Lastly, explain to your now terrified, comatose children, that the current global economic melt-down was another act of terror, part of the strategy of fear enacted by elite-run global central banks: siphoning billions of dollars from the Pentagon, Iraq crony contacts, from the central banks of the United States and Europe, in the aftermath of the CDO melt-down, to off-shore island bank accounts and in Israel, as part of the strategy of global mass-hysteria; so that the world would blindly go along into the New World Order. That mommy cannot now find a job, as there are none, so she has to work as a prostitute in order to feed her babies.

Would You Buy A Used Economy From This Man?

Bank Scofflaws In Perspective

American Scofflaw
The US government has given Citigroup $45 billion in direct cash injections while guaranteeing another $291 billion of the banks toxic (worthless) assets. Citi’s cost to the taxpayer now totals $336 billion.

Think you over paid? You did. The entire market capitalization of Citigroup is only $19 billion which means that anyone can buy the entire company and assume full control for $19 billion. Taxpayers have paid Citi almost 18 times what the entire company is worth, while receiving no control, voting rights, or even an ATM fee reversal!

Bank of America is a similar story. $183 billion in injections and guarantees of worthless assets on a company that can be bought and controlled entirely for $27 billion.

Bank of America and Citigroup have already cost the US taxpayer a whopping $519 billion.

To put things in better perspective, at $519 billion, you could completely own and control General Motors, Alcoa, American Express, The Disney Corporation, McDonalds, Home Depot, Hewlett Packard, Merck, Du Pont, Boeing, Caterpillar, Intel, 3M, and Kraft foods while still having a cool $6 billion in cash left over.

Nearly half of a trillion dollars has gone to Citigroup and Bank of America alone. The government has overpaid by more than 11 times the total value of the two companies and has absolutely nothing to show for it. The taxpayers receive no dividend or interest payments, have no ownership or control, and are at the mercy of paying back interest and fees to organizations running on public money.

Think about that while you hear more about the “Nationalizing the banks” campaign being sold in the media. How much more are we to pay for these companies?

That is the Mayor of Berwyn Heights

American Scofflaw
There's no way to know how badly things would have gone at the Berwyn Heights, Maryland home of Cheye and Trinity Calvo if Amir Johnson hadn't shown up when he did.

Johnson, a private on the local police force, was making his accustomed rounds in the neighborhood when he saw a swarm of heavily armed men laying siege to the Calvo home. Inside, Cheye and his mother-in-law, Georgia Porter, were being held face-down at gunpoint with their hands tied behind their backs. The Calvo family's two black Labradors, Chase and Payton, were dead from gunshot wounds. The assailants who killed the dogs were leaving bloody bootprints throughout the home. "That guy in there is crazy," one of the stormtroopers complained to Johnson as he emerged from the crime scene (that is, the scene of a crime committed under color of state "authority"). "He says he's the Mayor of Berwyn Heights."

"That is the Mayor of Berwyn Heights," Johnson told assailant, a member of the Prince George's County police department (which has overlapping jurisdiction with the town police). Johnson quickly contacted Berywn Heights Police Chief Patrick Murphy to tell him that a SWAT team had just laid waste the the Mayor's home and killed the family's dogs. Glancing around, he couldn't see any evidence of a search warrant. Inquiries about this omission were greeted with the assurance that the document was "en route."

Gold Fever Behind Hallucinations

The Gay Secretary

This morning, the United States Treasury Department issued a press release that constituted the Treasury Borrowing Advisory Committee’s (TBAC) report to the Secretary of the Treasury. TBAC membership is derived from senior members of the Securities Industry and Financial Markets Association. These would be the proverbial foxes advising the chickens - a favorite Midas Letter theme.

This group forms the consulting connection between the U.S. Treasury and the investment industry who is tasked with finding investors for U.S. debt so that the behemoth debt machine can continue its primary function of maintaining the United States standard of living at the expense of foreign treasuries.

Remarkably, the foreign treasury managers have either not yet caught on, or are duplicitous in maintaining the illusion of a sustainable deficit government that would swallow the global GDP of several generations should it ever be called for repayment.

This group meets in closed conference in a hotel in downtown Washington, and the Treasury lays out what it needs, and the TBAC tells them how they think it can be done. What is interesting in the published minutes of the meetings is that it now is apparent that both sides are concerned solely with rolling out new and modified debt instruments in increasing quantity to service the debt requirements of the nations future spending requirements. Servicing current debt is barely mentioned, though one might deduce that those requirements are incorporated by default into future borrowing figure requirements. (The following quotes are taken from the press release)

“The deterioration in the budget outlook, combined with expenditures associated with the TARP, potential FDIC guarantees, and expected additional stimulus spending have increased private forecasts for total funding needs of the U.S. government for fiscal year 2009 to approximately $2 trillion. This is likely to stress the existing auction schedule and consequently warrants tangible adjustments to that schedule.

Faced with an unprecedented increase in net borrowing needs, the Treasury in its first charge to the Committee sought our advice and recommendation on changes to the auction calendar for debt issuance.”

The strategy for financing the new debt required for the TARP (Toxic Asset Relief Program) purchases and the stimulus packages calls for the expansion of debt instrument auctions across the entire maturity spectrum:

“Faced with such extraordinary financing needs, the Committee focused on the optimal potential size of each coupon issue, while not jeopardizing a successful auction process.

It was the Committee's recommendation that existing monthly 2-year and 3-year notes could be increased by $5 billion in size, to $45 billion and $35 billion, respectively.

Furthermore, the Committee recommends that monthly 5-year notes have the greatest room for expansion given their liquidity and focus and should be increased by as much as $10 billion per issue. This would bring the monthly issuance size to as much as $40 billion.

And lastly, the committee recommends that the Treasury increase the size of the newly issued quarterly 10-year notes by $5 billion and by $4 billion when re-opened the two months following the new issue. In other words, the sizes of the 10-year issuances would increase from $20 billion, $16 billion and $16 billion each quarter to $25 billion, $20 billion and $20 billion, respectively.”

What a brilliant solution! In the absence of demand, and abundant supply, issue more supply!

Significantly, the estimated spending requirement for 2009 has, in the estimation of this committee, now ballooned to $2 trillion, and the stipulation is made that a similarly grotesque figure will be required for 2010.

“The net supply of Treasurys in 2009 and 2010 combined seems likely to total more than $3 trillion and could climb as high as $4 trillion. The Congressional Budget Office (CBO) estimates the 2009 Federal budget deficit to be $1.2 trillion. The consensus of private sector analysts is similar to that figure. Yet, neither the CBO estimate nor the private consensus reflect fully the funding needs associated with the Obama Administration's fiscal stimulus plans, the implementation of TARP (or another TARP-like program), or the rumored creation of a bad/aggregator bank to help deal with the underperforming assets weighing down financial institutions. Some of the funding of these government programs will spill over into 2010, a year in which the "core" budget position also will be weak according to mainstream expectations for economic performance.”

Importantly, the committee acknowledges for the first time that China will likely be a less reliable sucker for the continued sale of the expanding sea of U.S. debt instruments:

“China, on the other hand, could slow its accumulation of dollar-denominated debt. Such a trend already has begun to develop with respect to its accumulation of overall dollar assets as the flow of private capital into China has cooled alongside the global downturn, alleviating the need to offset capital inflows.”

And, in apparent support of the argument for diminishing demand for U.S.Dollar-denominated junk debt, the committee suggests that having a bigger “primary dealer community” would bolster the odds against future auction failures. The solution appears to be to hire more salesmen.

And finally, a larger primary dealer community would help to reduce on the margin the possibility of an undersubscribed auction(s). There currently are just 17 primary dealers, down from 30 a decade ago. Government bond trading desks at the dealers also are not immune from sector-wide capital/balance sheet issues and desks at many dealers are being encouraged to minimize risk.

What an operation! How can this charade be allowed to continue? The only explanation, and its glaringly obvious, is that nobody, from the executive administration level down to Joe the Plumber, is willing to step up and be first to pull the plug and the artificial standard of living we’ve created for ourselves at the current expense of foreign treasuries and at the future expense of our progeny.

What a sad statement as to the integrity of the human race.

But, whatever. We can't afford to sit around and pity ourselves just because we allowed the thieves of Wall Street and Washington administer this unlubricated broomstick to our collective backsides.

The only intelligent thing to do, and yes I do believe there is a "stuck record" frequency developing here, is to buy gold and silver. This $4 trillion hallucination on the part of the United States financial mismanagers is directly dilutive to the the value of any currency issued by that bankrupt nation, and is therefore a natural exponential driver for the gold price.

Gold bullion, gold mining shares, and for maximum upside (with correlated risk) gold juniors. If you choose NOT to participate in gold, you will have no one but yourself to blame for the splinters you'll be plucking out from your derriere that have "In God We Trust" printed on them.

Face It: You Got Scammed

同性戀秘書長

Key members of Congress were stunned to hear Federal Reserve Board Chairman Ben Bernanke and Treasury Secretary Hank Paulson say on Sept. 18 in a closed-door meeting on Capitol Hill that the country was “days away” from a complete financial meltdown—one that could lead to Depression-like runs on banks, widespread violence and ultimately even to a possible declaration of martial law. It was a vision of Armageddon, but, of course, 10 days later, the House rejected a Wall Street bailout package sent over by Paulson, only to pass one in a more limited form—the Emergency Economic Stabilization Act—a week later that gave Paulson less power and only half the money he wanted.

Meanwhile, the financial system did not collapse and while a few banks were failing, there were no runs on them, and martial law wasn’t invoked. One reason things didn’t fall apart when Congress didn’t immediately act as Paulson and Bernanke demanded, may be that there wasn’t any danger of a meltdown in the first place. So say three senior economists working at the Federal Reserve Bank of Minneapolis, who in October examined the Fed’s own data, and concluded in an article titled Facts and Myths About the Financial Crisis of 2008 that the claims that interbank lending and commercial lending had seized up were simply not true.

“Bank lending to consumers and to non-financial companies had not ceased, and banks were lending to each other at record levels,” says V.V. Charri, an economist at the Minneapolis Fed. “Maybe Bernanke and Paulson had information that they were not making public, but the available data simply did not support what they were saying.” Charri and his colleagues and co-authors Lawrence Christiano and Patrick Kehoe agree that with companies like Lehman Brothers, AIG and Citigroup foundering because of toxic debt instruments, there was a sense of a financial crisis brewing, but they say it wasn’t a credit freeze.

“This was a lot like the run-up to the Iraq invasion in 2003,” says Charri. “You had people in government saying: `We’re smart guys, trust us.’ But they were either wrong or they were lying.”

Adds Kehoe: “Normally, when you’re going to spend a lot of money, you present the data and the economic theory to support it, yet here’s the biggest non-military government intervention in history since the Great Depression, and there was no evidence presented to support it, and no detailed economic argument made about what market failures this $700 billion was going to fix.”

John Bolton Is Upset

American Scofflaw

Bolton then went on to claim that the US's mother dresses it funny, and that the US's dog is really ugly.

Iran's nuclear program is a power station. And the fuel rods to operate it. Both activities are guaranteed to Iran under the Nuclear Non-Proliferation Treaty which both the US and Iran (but not Israel) have signed.

Nobody has offered any proof that Iran is doing anything other than building a power station.

Folks, this is a repeat of the lies used to start a war with Iraq, but since they cannot go ahead and claim that Iran actually has nuclear weapons without a demand of proof from a world made skeptical by the Iraq lies, so the claim is that Iran may have nuclear weapons in the future, a far more difficult claim to prove or (for the purposes of the war mongers) disprove.

But this idea of killing people because of what they MIGHT do in the future is the slipperiest of slopes. Can I shoot my neighbor today because there is a very real chance he might attack my wife next month? Can I shoot the teenagers hanging around my car rather than risk having them steal the vehicle at some point in the future? I don't like the way the guy who lives by the mailboxes looks at me; does that give me the moral right to set fire to his home to drive him out?

Absolutely

American Scofflaw
A coming episode of the acclaimed FX drama “Rescue Me” will tackle what may sound like a far-fetched plot line: that the attacks of Sept. 11 were an “inside job.” The actor who espouses the theories on camera, it turns out, also subscribes to them in real life.

Mr. Sunjata surprised some of the TV reporters when he said that he “absolutely, 100 percent” supports the assertion that “9/11 was an inside job.”

Claims that Al Qaeda terrorists were not solely responsible for the attacks have a lively following on the Internet, including on YouTube, but the second episode of “Rescue Me’s” fifth season, starting in April, may represent the first fictional presentation of 9/11 conspiracy theories by a mainstream media company (FX is operated by the News Corporation).

“They’re not discussed a lot in the press,” Daniel Sunjata, the actor who plays Franco Rivera on “Rescue Me,” told reporters at a television press tour last month. He predicted that the episode would be “socio-politically provocative.”

In the episode, Mr. Sunjata’s character delivers a two-minute monologue for a French journalist describing a “neoconservative government effort” to control the world’s oil, drastically increase military spending and “change the definition of pre-emptive attack.” To put it into action, he continues, “what you need is a new Pearl Harbor.

Where dat $$$

American Scofflaw

It never existed.

The problem with a debt-based economic system, found in the Federal Reserve and its cousins around the world, is that the moment it goes into creation, more money is owed than actually exists. The more money which is created (out of thin air) in response to loans, the more money which does not exist is owed.
Simply put, if there is 1,000,000 in circulation, then 1,050,000 is owed to the Federal Reserve. a recession is when nobody can come up with that extra $50,000, but then again, it never existed in the first place.

As long as an ever larger pool of borrowers can be found to create more new money to pay the interest on the older loans, the system will grow, but eventually you run out of new borrowers, which isd what has happened now. and, in their desperation to keep things going, the bankers encouraged everyone to do their finances on credit rather than on cash. Stores borrow the money to stock their shelves, shippers borrow the money to fuel their cargo ships, all of it running up the tally of money owed to the banks; money that does not and never did actually exist.

So, all a recession is is the banks demanding that interest money and nobody being able to find it... because it never existed.

May or May Not Get It

American Scofflaw
In 2002, Gary McKinnon was charged by the U.S. Department of Justice for hacking into a series of computers in the Pentagon, NASA, and other sensitive military locations. McKinnon claimed he was seeking information on UFOs and says he found files dealing with “non-terrestrial officers” and “fleet-to-fleet transfers” involving ships not on any U.S. Navy registry.

Not impressed by McKinnon's internet snooping for UFOs or alleged discoveries of classified information concerning non-terrestrial affairs, the U.S. Department of Justice began extradition proceedings.

After a series of unsuccessful legal appeals McKinnon stands on the verge of being extradited to the U.S.

Don't Fire Me, Don't Fire Thee, Fire That Man Behind The Tree

American Scofflaw

Blagojevich correctly told the state Senate on Thursday that the mover behind the drug importation issue was then Rep. Rahm Emanuel, now President Obama's chief of staff. The FDA proved to be a toothless tiger in the drug importation movement and never seriously tried to either approve or block any importation plans put in place by a relatively small number of cities and states.

That's the context. Blagojevich said he the state senate fires him, than Emanuel should be tossed out too.

After listening to Rod Blagojevich speak outside his Chicago home this evening I am certain that IL's impeached Governor is going to start talking about alot of IL and Chicago Political doings. Rahm Emmanuel may be planning to have another Donald Young type execution take place only this one directed at Blagojevich.

Lets not forget that IL newly sworn Governor Quinn has some political ethics questions as well. Can't wait to see who hangs Obama's skinny ass out to dry first. You know Blago is not about to go down alone.