The Golden Truth: Congress: Just Say "NO" To Obama

Saturday, September 10, 2011

Congress: Just Say "NO" To Obama

Please read thru this next-step description of the busted solar energy company that essentially is about to steal over $500 million of Taxpayer money. Solyndra is controlled by one of Obama's big financial supporters - Tulsa hick George Kaiser. I know quite a bit about finance and at the very least the Taxpayer "green" investment money should be made on a senior secured basis. This deal was set up to enable Kaiser to take a shot on the business for free and now steal $850 million of book assets for less than $100 million.

Here's the account of this fraud in process as presented by Bruce Krasting: LINK

It is way beyond any stretch of faith that DOE people representing the Taxpayers in this deal were acting in their capacity as a fiduciary. As Krasting points out, many of them are trained attorneys. This deal was put together to in a way that would enable Kaiser to steal Taxpayer money. I presented a blog earlier this week that shows how Obama knows about this deal, gave his blessing and rewarded a large contributor. Obama is supposedly a Harvard-blessed and trained legal mind. As a leader he should be in a position to prevent this kind of theft. He FAILS again.

This is EXACTLY why the Government needs to be cut way back. To let Obama have another $450 billion of Taxpayer money to sprinkle around to his supporters would be one of this century's great tragedies.

9 comments:

Chris BeanieSaturday, 10 September, 2011
C'mon friend. Not all companies in new fields are gonna make it. Just a fact of life. Many internet companies didn't make it either, and they got some govt funding.
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AnonymousSaturday, 10 September, 2011
..and look who people are saying "yes" to...small sample but look at the losers(ie last 5)..they seem to get more importance in media...telling.

Who won the Republican debate?

http://thelastword.msnbc.msn.com/_news/2011/09/08/7673078-who-won-the-republican-debate
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AnonymousSaturday, 10 September, 2011
(Dave)

Didn't watch the debate. Ron Paul should be the guy but the media will see to it that he's not.

Beanie you need to read my previous blog on this and then re-read today. It's not about a company failing. It's about how Obama made sure this company didn't have to follow the rules and protocol for getting the funding. Obama jammed this thing thru because it was one of his bigger individual contributor's venture.

I guess you must have voted for Obama. So you should know he hasn't fullfilled any of his promises and he's doing the exact kind of corruption and skullduggery that he promised to clean up.
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AnonymousSaturday, 10 September, 2011
Anyone see this?

Buying gold and silver in liquid ban in France on 1 September 2011

http://translate.google.nl/translate?sl=auto&tl=en&js=n&prev=_t&hl=nl&ie=UTF-8&layout=2&eotf=1&u=http://www.egaliteetreconciliation.fr/Achat-d-or-et-d-argent-en-liquide-interdits-en-France-au-1er-septembre-2011-7960.html

http://www.itulip.com/forums/showthread.php/20356-France-to-ban-sales-of-Gold-Silver
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AnonymousSaturday, 10 September, 2011
Just mentioning that you say 500 million in the 1st paragraph and 450 billion in last paragraph.

...But what does it matter anyways, seems like the system has lost track of the difference between millions and billions. At this rate trillions will go out of style.
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AnonymousSunday, 11 September, 2011
(Dave)

$500 million refers to the money that Obama allowed one of his big supporters to basically steal under Obama's "green" initiative.

$450 billion refers the even bigger wealth transfer program that Obama wants. Most of that money will go to deadbeats who can work but don't want to because they can get unemployment benefits and other transfer payments and most of it will go to private contractors who do work for the Government and the owners and CEO's who "invested" in Obama's Presidency.
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BrianSunday, 11 September, 2011
Beanie, ain't your wool getting a little long?
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AnonymousSunday, 11 September, 2011
Desperation and reverse psychology ...?don't fall for their bluff...

Heard on the Street, by Liam Denning
from The Wall Street Journal

Central banks' demand for gold has been crucial to boosting the metal's price. That should make gold bugs uncomfortable.

http://online.wsj.com/article/SB10001424053111903285704576561012669934804.html?mod=djemheard_t
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AnonymousSunday, 11 September, 2011
Jamie's cry'in...sounds like one of the Duke's at the end of Trading Places!

JPMorgan CEO says bank rules "anti-American": FT

(Reuters) - The United States should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, said in an interview with the Financial Times.

Dimon said he was supportive of forcing banks to have more capital but argued that moves to impose an additional charge on the largest global banks went too far, particularly for U.S. lenders.

He was quoted as describing new international bank capital rules as "anti-American".

"I'm very close to thinking the U.S. shouldn't be in Basel anymore. I would not have agreed to rules that are blatantly anti-American," he said in the interview.

"Our regulators should go there and say: 'If it's not in the interests of the U.S., we're not doing it'."

The Basel III capital rules are designed to increase the safety of the financial system by making banks build up risk-absorbent "core tier one" capital to at least 7 percent of risk-weighted assets. The biggest, including JPMorgan, have to reach 9.5 percent.

http://www.reuters.com/article/2011/09/11/us-banks-basel-jpmorgan-idUSTRE78A3Z420110911
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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.