The Golden Truth: FNM and FRE Hold Shotguns To The Taxpayer's Head

Friday, December 25, 2009

FNM and FRE Hold Shotguns To The Taxpayer's Head

Please re-read my post from Dec 21 and then read below: Americans Get Desperate

It's a Happy Holiday season for the crooks running our system and paying themselves with YOUR money. Please remember that FNM and FRE are wards of the U.S. Government, which means every cent going to the people running them comes from YOU:

Big paydays for Fannie and Freddie bosses

Here's the full article: Let The Taxpayers Eat Cake

Don't forget to think about the Obamas enjoying Christmas in Hawaii on a vacation paid by you while millions suffer. I heard many horror stories from a family member last night who volunteers at the Jeffco Action Center - a place where those in need can go and get clothing, toys and food for their families. Moreover, all the Denver-area rescue centers are in desperate need of food and clothing donations, while Obama is stuffing his fat-lipped face with lots of Christmas prosperity.

Merry Christmas and a belated Happy Hanukkah to all.

9 comments:

HalFriday, 25 December, 2009
Amazing how the media was all over Pres Bush for his trips with nary a word about this Junket to Hawaii. But the real issue is one of leadership: and we are not seeing any from President Obama and his administration and most of Congress. In fact the Copenhagen affair early this month was an education in the failure to lead by many parties.

Dave: you are preaching to the choir.

Obama was right on one thing he said: he said (I presume in general) America was arrogant, derisive and devisive.

He, the adm and Congress are great role models for that style.

all have a great and safe holiday season!
ReplyDelete
Replies
Dave in DenverFriday, 25 December, 2009
Hal, Obama showed his political incompetence in Copenhagen. Wen Jiabao completely ate him alive and it was a pleasure to watch.
ReplyDelete
Replies
DingleberrySaturday, 26 December, 2009
Lets face it, every government runs on taxes. Government officials are employees of the state and they are paid and treated as such.
ReplyDelete
Replies
DingleberrySaturday, 26 December, 2009
We the people chose this political system through our collective will in votes.
ReplyDelete
Replies
HalSaturday, 26 December, 2009
He has one goal in mind--health care--everything else was a smoke screen. And his league of constituents who voted him in for the free lunch wil get a watered down version of it that still will be unaffordable--in an ocean of unaffordable initiatives called entitlements.
His political savvy is nil. The needed reforms on Wall Street and in DC cannot be legislated because of special interests.

Rather, we get the Rahm Emanuael style.
ReplyDelete
Replies
AnonymousSaturday, 26 December, 2009
fat lipped eh. bone through the nose as well?
ReplyDelete
Replies
EconomicDisconnectSunday, 27 December, 2009
Dave,
another tough one for the Broncos. They still have good chances for the playoffs though. I almost did not recognize the Patriots today, they looked pretty good!
ReplyDelete
Replies
curlySunday, 27 December, 2009
Just a funny clip, not dirty or anything, totally unrelated to the topic at hand.

http://www.hulu.com/watch/99370/the-tonight-show-with-conan-obrien-sesame-street-does-health-care
ReplyDelete
Replies
Dave in DenverSunday, 27 December, 2009
@gyc: they had Philly pinned deep in their own territory, 3rd and 25 and they let McNab scramble to get the 1st. If Denver could have stopped them there, they might have won.

Oh well. They'll finish 9-7, but probably miss the playoffs unless the stars line up for them next week. But considering that everyone, including myself, was predicting anywhere from 3-13 to 6-10, the seaon was a moral victory.

Pats could be gaining momentum at the right time of the season.
ReplyDelete
Replies

Add comment

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.