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Date Sent: 2009-08-06
Freedom's Phoenix Global Edition for Thursday, August 6, 2009 PM edition
 
China Warns Developed Nations of Inflation, Currency Threats -- Tennessee Cops Plant Drugs

Should The Mice Vote For The Cats? -- FEMA Announces Creation Of Children's Working Group -- Sen. John Cornyn Sends Letter To President Obama About "Fishy" Activities Program -- Did Morgan Stanley Just Screw Taxpayers Out Of $400 Million? --  High-Frequency Trading Grows, Shrouded in Secrecy -- Pelosi's plan: wine, dine big donors -- Analyst credits short squeeze for AIG rally -- Weekly Unemployment Claims Fall to 550 Thousand -- Mish: Wages and Salaries Fell 4.7%, Most On Record

 

China Warns Developed Nations of Inflation, Currency Threats News Link  •  Currencies
China Warns Developed Nations of Inflation, Currency Threats
08/06/2009  •  Bloomberg 
Obviously if BO was worried about protecting the dollar he would listen but then how else would he bring about his evil plans for his masters of a New World Order where the leaders and elites share the gains and people share the pains? China’s central bank warned that monetary easing by developed nations threatens to cause “severe” inflation and currency volatility. “Failure to manage the degree of easing may lead to concerns about mid- and long-term inflation and exchange-rate stability,” the People’s Bank of China said in a quarterly monetary policy report, posted on its Web site yesterday. China, the owner of $801.5 billion of Treasuries, pressed the U.S. at a summit in Washington last month for economic polices to protect the dollar’s value  Read Full Story
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Tennessee Cops Plant Drugs News Link  •  Criminal Justice System
Tennessee Cops Plant Drugs
08-06-09  •  LiveLeak.com 
Tennessee Police Officers Accused of Planting Drugs and Beating Suspect A lawsuit was filed accusing Cookeville, Tennessee police of “excessive use of force” and “planting contraband" during a domestic assault arrest last year.  Read Full Story
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Reported by: Melinda Carey
FEMA Announces Creation Of Children's Working Group 
News Link  •  Police State
FEMA Announces Creation Of Children's Working Group
08-06-2009  •  FEMA 

The Children's Working Group will be composed of FEMA employees across multiple directorates and offices to ensure coordination and action, and will report directly to the Office of the Administrator.  The working group will be chaired by Tracy Wareing, counselor to Secretary Napolitano for FEMA.

 
Read Full Story
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Reported by: Dave Hodges
The Foolish Grasshopper and the Industrious Ant: 2009 version News Link  •  Economy - Economics USA
The Foolish Grasshopper and the Industrious Ant: 2009 version
08-06-2009  •  cartoon 
Remember your parents reading you the story about the carefree lazy grasshopper and his friend the hard working ant?  The story is updated for modern times.  Read Full Story
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Reported by: Powell Gammill
Radio/TV Show  •  Declare Your Independence with Ernest Hancock - Radio
Host: Ernest Hancock
"Declare Your Independence with Ernest Hancock" - August 6th 2009
   Bud Burrell - Security Industries Veteran explains EXACTLY how America was Robbed! (Great Show... I highly Recommend you listen to this to understand what's happened and why)

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Obama Is President Only Of Himself And His Race
Opinion  •  Obama Administration
Straight Light
Obama Is President Only Of Himself And His Race
08-06-2009
Edwin Sumcad
    

 

Racial narcissism is dangerous. You are challenged at Sumcad's NWS Editorial to know why, once you read his popular regular National Writers Syndicate column patronized by millions.

 


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4409 -- Should The Mice Vote For The Cats? Feature Article  •  Corruption
4409 -- Should The Mice Vote For The Cats?
Forty Four O Nine
   4409 -- Should The Mice Vote For The Cats?
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Obama approval rating sinks to 50%: poll News Link  •  Obama Administration
Obama approval rating sinks to 50%: poll
08-06-2009  •  Raw Story 
US President Barack Obama’s approval rating has slumped to 50 percent, the lowest since his inauguration, according to a poll released Thursday on the eve of his 200th day in office.     Read Full Story
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Reported by: Jim Stachowiak
$ 15 BILLION… sucked out of Americans’ pockets ! News Link  •  Cost of Empire
$ 15 BILLION… sucked out of Americans’ pockets !
08/05/2009  •  Investment Watch 
Remember when BO said he was the only thing standing in the way of Wall Street and citizens with pitch forks? Good thing they contributed so heavily to him it really paying off! Energy swaps are trades in which parties exchange the difference between two price payments, one fixed and one floating, for a specific commodity for a period of time. Goldman Sachs and Morgan Stanley accounted for about half of the $15 billion in revenue that the world’s 10 largest investment banks generated from commodities in 2007, Ethan Ravage, a financial-services industry consultant in San Francisco, estimated last year, as energy prices neared records.  Read Full Story
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Sen. John Cornyn Sends Letter To President Obama About News Link  •  B.O.R.G.
Sen. John Cornyn Sends Letter To President Obama About "Fishy" Activities Program
08-06-2009  •  John Cornyn 
In a letter to President Obama, U.S. Sen. John Cornyn, R-Texas, expressed serious concern about the White House's new program requesting Americans to forward email chains and other communications opposing the President's health care policies. Sen. Cornyn is seeking assurances that the program is being carried out in a manner consistent with the First Amendment and America's tradition of free speech and public discourse.

Sen. Cornyn's letter also inquires about the collection of names, email addresses, IP addresses, and private speech of U.S. citizens that will be reported, which raises the specter of a data collection program.

"I am not aware of any precedent for a President asking American citizens to report their fellow citizens to the White House for pure political speech that is deemed ‘fishy' or otherwise inimical to the White House's political interests," Sen. Cornyn wrote. "You should not be surprised that these a  Read Full Story
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Reported by: Morpheus Titania
Did Morgan Stanley Just Screw Taxpayers Out Of $400 Million? News Link  •  Cost of Empire
Did Morgan Stanley Just Screw Taxpayers Out Of $400 Million?
08/06/2009  •  The Business Insider 
Well Jamie is after all Resident obamas favorite banker!  This morning Morgan Stanley said it paid $950 million to repurchase warrants issued to the government as part of last fall's bank bailout program. So how does that stack up against recent TARP exits? Not very well, according to TARP warrant expert Linus Wilson. "This deal was not as good as the Goldman Sachs and American Express deals for taxpayers," economist Wilson says. Morgan Stanley paid just 68 cents on the dollar, according to Wilson's calcuations. By that metric, the Morgan Stanley warrant deal short changed taxpayers by about $400 million.  Read Full Story
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Reported by:
AARP members against Obama on his health care package: Town Hall meeting did not help (video) News Link  •  Healthcare
AARP members against Obama on his health care package: Town Hall meeting did not help (video)
08/06/2009  •  The Examiner 
Although, President Barack Obama participated in an AARP Town Hall to promote his health care reform, his appearance was not a success among members of the powerful AARP. Comments posted by AARP members indicate they are far from assured by Obama or his message. Most comments show a continued distrust of Obama's assurances that Medicare will be protected and that health care will be better. Baby boomers who now hold a great deal of power in the AARP and among voters, just don't want their entitlements smaller  Read Full Story
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The “Chicago Way” and Tenured Radical Bill Ayers News Link  •  Corruption
The “Chicago Way” and Tenured Radical Bill Ayers
08/06/2009  •  AIM 
The University of Illinois, which employs communist terrorist Bill Ayers as a professor, has been hit by an admissions scandal which has forced the resignation of the chairman of its board of trustees. An investigation by the Chicago Tribune found that more than 800 undergraduate applicants received special consideration from 2005 to 2009 because "they had powerful patrons, including elected officials, trustees and donors." It added that "Dozens more law and graduate school applicants also got preferential treatment." But how did Bill Ayers get his job? All signs point to his rich father, Thomas Ayers, who was CEO of Commonwealth Edison and a major power player in the Chicago establishment.  Read Full Story
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Reported by:
Stocks Fall, but AIG Still Climbing News Link  •  Crony Capitalism
Stocks Fall, but AIG Still Climbing
08/06/2009  •  WSJ 
Makes sense with all those Government give aways of your tax dollars with the residents "AIG Breakup Is Fee Bonanza" Wall Street banks and lawyers could collect nearly $1 billion in fees from the Federal Reserve Bank of New York and American International Group Inc. to help manage and break apart the insurer, according to a Wall Street Journal analysis. That would represent one of Wall Street's biggest paydays -- four times the fees paid to break up AT&T Corp. in 1996, and nearly double those paid for Visa USA's 2008 initial public offering, the largest U.S. IPO ever. They know they will make a killing off of YOU! The stock maket edged lower on Thursday but some major financial names remained as bright spots, limiting the declines in major indexes. American International Group, whose shares surged 60% Wednesday, was up by another 11.8%.  Read Full Story
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Reported by:
ObamaCare’s Real Price Tag
The funding gap is a canyon by year 10. News Link  •  Healthcare
ObamaCare’s Real Price Tag The funding gap is a canyon by year 10.
08/06/2009  •  WSJ 
Socialism is EVIL because in order to do the so called good you must first do Evil. How is it that we should be robbed to pay for someone else? As ObamaCare sinks in the polls, Democrats are complaining that the critics are distorting their proposals. But the truth is that the closer one inspects the actual details, the worse it all looks. Today’s example is the vast debt canyon that would open just beyond the 10-year window under which the bill is officially “scored” for cost purposes. The press corps has noticed the Congressional Budget Office’s estimate that the House health bill increases the deficit by $239 billion over the next decade. But government-run health care won’t turn into a pumpkin after a decade. The underreported news is the new spending that will continue to increase well beyond the 10-year period that CBO examines, and that this blowout will overwhelm even the House Democrats’ huge tax increases, Medicare spending cuts and other “pay fors.”  Read Full Story
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Reported by:
Despite Bailouts, Business as Usual at Goldman News Link  •  Bailouts
Despite Bailouts, Business as Usual at Goldman
08/05/2009  •  NYT 
Remember when they say the Government stepped in that is YOU being FORCED thru the threat of imprisonment (IRS Failure to pay taxes) to pay back the kick backs for their campaign contributions. Lloyd C. Blankfein has a story about the cataclysm that nearly brought down all of Wall Street. It goes something like this: One by one, lesser banks were swept away by the financial storm of 2008. And as the floodwaters rose, no one, not even Goldman Sachs, seemed safe. The question, in Mr. Blankfein’s eyes, was how high the water would rise. But Washington stepped in with all those bailouts before the surge reached Goldman. The story, which was recounted by several friends and colleagues, represents a sobering private admission from Mr. Blankfein, Goldman’s chief executive. Publicly, it is a different story. Now that Goldman is minting money again, the bank insists that it was never in any real danger. Mr. Blankfein, in an e-mail message this week, disputed his private account, say  Read Full Story
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High-Frequency Trading Grows, Shrouded in Secrecy News Link  •  Corruption
High-Frequency Trading Grows, Shrouded in Secrecy
08/05/2009  •  Time 
The Securities & Exchange Commission (SEC), concerned about the exponential growth of hyper-frequency trading, announced on Tuesday, Aug. 4, that it was considering a ban on one form of this activity, known as flash trading. But it has said nothing about an even bigger element of high-frequency trading, known as co-location, even as the New York Stock Exchange (NYSE) is building two new facilities to house such traders.  Read Full Story
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Reported by:
Shiller calls for second stimulus News Link  •  Economy - Economics USA
Shiller calls for second stimulus
08/06/2009  •  The Mess That Greenspan Made 
Insanity doing the same thing over and over and expecting a different outcome. The video report does tell how dire the situation really is wow all along I was led to believe by the Resident that the first porkulus was working. Yale economist Robert Shiller was on Bloomberg yesterday talking about the need for more action by the U.S. government to ward off a dreaded "double-dip" recession.  Read Full Story
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Buffett's Inner Pigman Shines Through News Link  •  Bailouts
Buffett's Inner Pigman Shines Through
08/06/2009  •  The Market Ticker 
Keep in mind without the "Pig Politicians" this could not happen. Who doesn't love the image Warren Buffett projects in the media? The beloved stock-picker, with his mantra "buy smart, sell never", has become an American icon. He preaches the free market, capitalism, smart business practices and running a tight ship. He lives frugally in a modest home, doesn't flash his (extreme) wealth and claims that through hard work and dedication one can succeed in America. And now, Berkshire is set to report what may be the best quarter in his firm's history. The truth is somewhat different. Buffett has repeatedly used his influence to exempt himself from laws that apply to everyone else. Among them is an exemption from reporting requirements when he acquires or sells significant stakes in companies; these actions are required, for ordinary people, to be reported to the SEC and filed publicly. Warren has an exemption. He was a "smart investor" i  Read Full Story
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More BAD News (Unemployment Claims) News Link  •  Economy - Economics USA
More BAD News (Unemployment Claims)
08/06  •  The Market Ticker 
I love how the media (CNBC in particular) "spins" the weekly unemployment report. Let's dissect it - again. Continuing claims is the key number. It rose 69,000 from the week previous on a seasonally-adjusted basis. But look down the table in that report. 139,291 people rolled off the continuing claims numbers into "extended benefits." Those folks are still unemployed, yet they understate the continuing claims number by a whopping 140,000. This is the distortion that creeps into the numbers, and over time it gets quite ugly. What's worse is that we're now starting to see people drop off the extended programs, and this will accelerate into August and beyond (although Congress is threatening to extend those benefit times once again.) The market spiked on the release but again, the issue for the economy is consumption going forward. Government money dumps ultimately must be funded and while this has so far "worked", it cannot continue for  Read Full Story
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Max Keiser: Banking oligarchy bailouts vs auto workers pounding sand News Link  •  New World Order
Max Keiser: Banking oligarchy bailouts vs auto workers pounding sand
08-05-2009  •  Maxkeiser.com/2009/ 
 "To avoid being enslaved by these corporations and banks you've got to push back, unfortunately the time has come to push back or just admit that your going to be living as an impoverished indentured servant to the banking class, and you have no hope of escaping penury or debt slavery because that is the goal of Goldman Sachs." Max Keiser  Read Full Story
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Reported by: Jack Gregson
How Is America Going To End?
Slate's News Link  •  Entertainment: Games
How Is America Going To End? Slate's "Choose Your Own Apocalypse" lets you map it out
08/05/2009  •  Slate 
If and when America expires, we probably won't agree on the cause of death. For proof that autopsies of empires are inconclusive, consider the case of Alexander Demandt, the German historian who set out in the 1980s to collect every theory ever given for why Rome fell. The final tally: 210, including attacks by nomads on horseback, blood poisoning, decline of Nordic character, homosexuality, outflow of gold, and vaingloriousness. Scroll through the list of theories for America's demise, then select up to five that you find most persuasive. (If you'd prefer, you can also read all 144 end-of-America scenarios on a single page.) As you're making your picks, you'll get real-time updates on the apocalypse you've chosen"our Apocalypse Matrix reveals if your American end times will be bloodless or violent, and whether you blame man or nature for the country's downfall. You can also compare your choices with those of the average Slate reader. And check back on Fr  Read Full Story
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Photo Radar Exec Invokes 9/11 News Link  •  Men trying to be our God
Photo Radar Exec Invokes 9/11
08/05/2009  •  CameraFRAUD 
Andrew Noble, president of photo radar manufacturer Gatso USA, recently invoked 9/11 as a reason he believes the public is becoming "more accepting" to surveillance: "9/11 had a big impact on that and the idea that to some extent safety does come with increased security surveillance."  Read Full Story
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Reported by: Camera FRAUD
‘Pain Ray’ First Commercial Sale Looms News Link  •  World News
‘Pain Ray’ First Commercial Sale Looms
08-05-2009  •  Wired Magazine 
The military isn’t about to deploy its pain ray to the battlefield. But someone in the commercial sector is about to one. We don’t know who. The sale is mentioned in a presentation by Raytheon, who built the microwave weapon for the Defense Department.     Read Full Story
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Reported by: Jim Stachowiak
'CIA and Mossad paying $1,000 to Christian converts in northern Iraq'
News Link  •  Religion: Believers
'CIA and Mossad paying $1,000 to Christian converts in northern Iraq'
08/04/2009  •  Jerusalem Post 
Iran's Fars news agency claimed Tuesday that the CIA and the Mossad were actively promoting Christianity in the Kurdish region of northern Iraq.  Read Full Story
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Reported by: Lola Flores
Buffett’s Betrayal News Link  •  Bailouts
Buffett’s Betrayal
08/04/2009  •  Reuters 
Teach your children well so they do not fall victim to these crooked politicians and the Wall St. Predators! When I was 14, Warren Buffett wrote me a letter. It was a response to one I’d sent him, pitching an investment idea. For a kid interested in learning stocks, Buffett was a great role model. His investing style " diligent security analysis, finding competent management, patience " was immediately appealing. Buffett was kind enough to respond to my letter, thanking me for it and inviting me to his company’s annual meeting. I was hooked. Today, Buffett remains famous for investing The Right Way. He even has a television cartoon in the works, which will groom the next generation of acolytes. But it turns out much of the story is fiction. A good chunk of his fortune is dependent on taxpayer largess. Were it not for government bailouts, for which Buffett lobbied hard, many of his company’s stock holdings would have been wiped out.  Read Full Story
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Obama passing new law to allow searching of PC's, Laptops, and media devices News Link  •  Obama Administration
Obama passing new law to allow searching of PC's, Laptops, and media devices
8/05/09  •  Atlas Shrugs 
"In extreme secrecy from the public, the Obama administration is hammering out an international treaty with other several other countries and the EU ......under ACTA, the government will get sweeping new powers to search and seize material thought to be in breach of copyright. But why all the secrecy? What it will do on a larger scale is let big brother watch you; however, this time on a completely different level." see video  Read Full Story
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Reported by: Anonymous Watchman
Pelosi's plan: wine, dine big donors News Link  •  Legislative Mischief
Pelosi's plan: wine, dine big donors
08-06-2009  •  Politico 

House Speaker Nancy Pelosi moves in a rarefied world of high society and high-level politics " and nothing underscores that fact quite like her plans for the August recess.

Pelosi will spend next weekend quietly tending to top party donors and political allies at a series of private events in Northern California.

 
Read Full Story
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Reported by: Powell Gammill
As Wall Street overhaul slips, a reminder from Enron
Commentary: How history repeated itself sooner News Link  •  Corruption
As Wall Street overhaul slips, a reminder from Enron Commentary: How history repeated itself sooner
08/06/2009  •  Market Watch 
I highly recommend this article think Cap and Tax and the money the residents favorite banker JP Morgan and Government Sachs not to mention gore, pelosi stand to make off your misery of being forced to pay for this nonsense. It was because in his bio is a stark reminder of what happens when we collectively ignore a major scandal and move on to the next bull market. Arnold, now managing partner of the $5 billion Centaurus Advisors hedge fund had worked for Enron Corp. back in the day. The disastrous and ultimately useless Sarbanes-Oxley law on accounting disclosure was rushed through. A handful of CEOs were tossed in country club jails. And the usual bunk about greater corporate governance was debated at conferences. Yet only seven years after Enron went down in a flaming pile of management hubris and false accounting -- taking corporate America's reputation with it -- small investors and savers found themselves again at the mercy of a Wall Street-induced scandal, this time one  Read Full Story
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4409 & RV crew being arrested near Yuma, Arizona (UPDATE 1) Feature Article  •  Politics: General Activism
4409 & RV crew being arrested near Yuma, Arizona (UPDATE 1)
Ernest Hancock
   Going to Yuma for a court hearing in the Pastor Anderson case the 'crew' are in trouble... details to follow. Just got a call from Renee informing me that Shelton 4409 got arrested for asking questions (at a restaurant???). Working on it...

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Analyst credits short squeeze for AIG rally News Link  •  Bailouts
Analyst credits short squeeze for AIG rally
08/05/2009  •  Market Watch 
What a deal bribe the politicians with campaign contributions (google barack obamas wall st problem is now Americas - no quarter and obamas money cartel sometime or go to open secrets and see obamas kickback from AIG) and they enslave your grandchildren to pay them off! Now snippets from the story... AIG, which was rescued several times by U.S. taxpayers, who now own more than 75% of the company, recently named a new chief executive, and will report earnings on Friday. The company has been the focus of intense criticism for its risky behavior writing what amounted to insurance contracts for risky subprime mortgages and other debt. When those debt securities' prices fell, AIG didn't have the money to pay off counterparties. That's when the government stepped in to make AIG trading partners like Goldman Sachs and foreign government funds whole with taxpayer dollars. Interestingly, short selling played a significant role in AIG's downfall as well as wreaking havoc th  Read Full Story
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Warren Buffett's Inner Pigman Shines Through News Link  •  Corruption
Warren Buffett's Inner Pigman Shines Through
08-06-2009  •  Market-ticker.denninger.net 
 Warren's statements both at the time and later one made clear that he had every expectation, and perhaps even inside information, that the government would not allow these firms to fail. That is, he didn't make a bet - he jumped in front of the taxpayer, a form of legal "front running", to garner a guaranteed profit.  Read Full Story
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Reported by: Jack Gregson
Weekly Unemployment Claims Fall to 550 Thousand News Link  •  Economy - Economics USA
Weekly Unemployment Claims Fall to 550 Thousand
08-06-2009  •  CalculatedRiskblog.com 
 In the week ending Aug. 1, the advance figure for seasonally adjusted initial claims was 550,000, a decrease of 38,000 from the previous week's revised figure of 588,000. The 4-week moving average was 555,250, a decrease of 4,750 from the previous week's revised average of 560,000.   Read Full Story
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Reported by: Jack Gregson
Mish: Wages and Salaries Fell 4.7%, Most On Record News Link  •  Economy - Economics USA
Mish: Wages and Salaries Fell 4.7%, Most On Record
08-06-2009  •  Michael Shedlock / Mish 
 Wages and salaries, which drive recoveries in spending, fell 4.7 percent in the 12 months through June, the biggest drop since records began in 1960, according to Commerce Department figures released yesterday.  Read Full Story
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Reported by: Jack Gregson
Folly of Hate Crime Laws News Link  •  Free Speech
Folly of Hate Crime Laws
08-06-2009  •  arclein 
For the most part, hate-crime legislation is just a sop for politically influential interest groups -- yet another area in which liberals, traditionally sensitive to civil liberties issues, have chosen to mollify an entire population at the expense of the individual and endorse discredited reasoning about deterrence.  Read Full Story
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Reported by: Robert Klein
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