The Golden Truth: ...And The Golden Truth Is Revealed:

Wednesday, August 31, 2011

...And The Golden Truth Is Revealed:

Kudos to a commentor who dug this story up. It turns out that the owner of Solyndra was a big source of campaign contributions to Obama AND Obama cut corners around the rules in place to get over $500 million in funding to Solyndra. Here's the report: LINK

Since this company just pissed away public money, I would suggest that we get to see a detailed look at the inside books so we can see just how much of that $500 million went into the bank accounts of the upper management.

Moreover, it sounds like many of Obama's political allies and fundraisers were beneficiaries of "green" loans from the Taxpayers. I don't know who the Obama supporters think they voted for, but I guarantee you that Obama is at least as corrupt as most of his predecessors. One of my biggest worries about him was that he was a product of the Chicago political "machine," which means there isn't an honest bone in his body...Please note that the story is from ABC News and not some conspiracy-theory addled source.

6 comments:

AnonymousWednesday, 31 August, 2011
I once had 3 companies, I did just like Solyndra management did. I only pocketed $6 mil. I wish I knew Obama back then.
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AnonymousThursday, 01 September, 2011
Banksters Bailout Builds

http://michael-hudson.com/2011/08/banksters-bailout-builds/
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AnonymousThursday, 01 September, 2011
I look forward to the day when a special prosecutor is appointed to investigate the crimes of this administration. This is just one of the many crimes. The sooner the better.
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AnonymousThursday, 01 September, 2011
(Dave)

I used to look forward to that day too. Unfortunately, those who would be in charge of appointing that prosecutor are the same people engaging or complicit in the crimes. We will never see that day. It will take a revolution.
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AnonymousThursday, 01 September, 2011
oh...please...grow up....everyone does it

"miscellaneous consulting services."

"And you have absolutely over the last 10, 15, 20 years not a lot of demonstrable business experience that would bring about a company investing $2 million in you?"

"I personally would object to the assumption that they're investing $2 million in me," said Bush, who went on to explain that he knew a lot about business and had been working in Asia for years.

Bush, who inked the Grace deal in August 2002, said he had not yet received any stock from the company, which built a plant in Shanghai that began production in September. He is supposed to consult for the company and be on the board of directors, he said.

http://edition.cnn.com/2003/ALLPOLITICS/11/25/bush.brother.reut/
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AnonymousThursday, 01 September, 2011
Secret files: US officials aided Gaddafi

and David Welch, former assistant secretary of state under George W
Bush. Welch was the man who brokered the deal to restore diplomatic
relations between the US and Libya in 2008.

Papers and files were strewn about the offices of Libya’s intelligence
agency [Evan Hill/Al Jazeera]

Welch now works for Bechtel, a multinational American company with
billion-dollar construction deals across the Middle East. The
documents record that, on August 2, 2011, David Welch met with
Gaddafi’s officials at the Four Seasons Hotel in Cairo, just a few
blocks from the US embassy.

http://www.nakedcapitalism.com/2011/09/links-9111.html#comment-457002
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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.