Just as Wall Street and the Government like to release bad news on 5 p.m. on Friday, when the markets have been closed for a few hours globally and everyone is focused on the weekend, I offer up my congratulations to the New England Patriots today, who thoroughly trounced the Broncos.
Having said that, I feel good about next season, as it looks like Tim Tebow has shown the ability over the course of the season to learn the pro-style passing game. What all of his critics fail to mention as they hurl unfounded insults at him is that, not only was he tossed in as the Bronco starter at halftime of the Bronco's 5th game, but because of the player strike he was unable to work on his game with his teammates during the off-season and he had very little practice time with the first team offense until preparations were being made for the team's 7th regular season game. The Broncos were 1-4 when Tebow took over. Denver has the 2nd youngest team in the league and it will be a good bet that they'll be back in the playoff picture next season...
I thought it would be interesting to point out Romney's biggest contributors so far, as sourced from zerohedge.com. Goldman Sachs is number #1, followed by Credit Suisse and Morgan Stanley rounding out the top 3. Bank of America is #7 and JP Morgan rounds out the top 10. Five of his top 10 contributors are Too Big To Fail Banks. Goldman is #1 contributor for both Romney and Obama. Goldman's actions remind me of the Rothschild family's actions in World War 2. The Rothschild's - Europe's extraordinarily wealthy Anglo-Jewish family - financed BOTH the Third Reich/Germans and the Allies (the good guys). Most people are unaware that they were bankers to Hitler.
It just goes to show that it doesn't matter what political party is in "power," the real power behind the politicians are the ones who throw the most money at them. Goldman doesn't care which party is in the White House as long as they have purchased control. Quite frankly, if Obama really truly stood for the principles on which he campaigned, he would not accept money from Wall Street. Of course, we know Romney has already revealed himself as a true whore early on. Democracy is dead and has been for quite some time...
Sunday, January 15, 2012
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Howdy! Any credible source on that Rothschild story?
ReplyDeleteYou can probably google it and get plenty of sources, but G. Edward Griffin outlines it extensively in "The Creature From Jekyll Island: A 2nd Look At The Federal Reserve."
ReplyDeleteIn that book you will also learn that the Rothschild's were one of the primary founders of the Federal Reserve along with JP Morgan (the man). It is thought that the Rothschild's control the Bank of England.
And it wasn't just WW2. As Griffin outlines, the Rothschild family always financed both sides of any war and always came away with a lot of gold in the process.
ReplyDeleteHow do they get creditors to lend all this debt ?
ReplyDeleteRomney's Bain made millions as S.C. steelmaker went bankrupt
Bain Capital spent $24.5 million to acquire GS Industries in 1993, according to an investment prospectus for the company that was obtained by the Los Angeles Times and reviewed by McClatchy Newspapers. By the end of that decade, Bain Capital estimated its partners had made $58.4 million off its investment in GS Industries, according to the prospectus.
Bain Capital's partners also earned multimillion-dollar dividends from GS Industries and annual management fees of about $900,000. But by the time GS Industries filed for bankruptcy protection in 2001, it owed $553.9 million in debts against assets valued at $395.2 million.
Read more here: http://www.mcclatchydc.com/2012/01/14/135889/romneys-bain-made-millions-as.html#storylink=cpy
The Truth About Private Equity: Politicians Need It, Taxpayers Fund It
First, the tax structure for private equity—and hedge-fund and venture-capital firms—gives it an unfair advantage, while encouraging excessive fee and profit extraction from flailing companies. Second, private-equity funding disproportionally comes from public pension funds. In other words, from government-backed, taxpayer-supported money.
On the tax matter: the leaders of these firms pay at the most 15 percent on their income, rather than the 35 percent rate that normal people pay. The GOP won’t touch adjusting this discrepancy, and though President Obama has been talking about it since his last presidential campaign, there’s been little activity in Congress to indicate it will be happening any time soon. Two political parties, different use of words, same result.
http://www.thedailybeast.com/articles/2012/01/13/the-truth-about-private-equity-politicians-need-it-taxpayers-fund-it.html
An Interview with Josh Kosman on the Embeddedness of Private Equity in the Tax Code
So the business model is based on a capital structure and tax arbitrage?
Yes. It’s a transfer of wealth as well. It’s taking the wealth of the company and transferring it to the private equity firm, as long as it can pay down its debt. It think it is real – the very early firms targeted industries in predictable industries with reliable cash flows in which they by and large could handle this debt. As more went into this industry, it became very hard to speak to the original model. Now firms are taken over in very volatile industries. And they are taking on debts where they have to pay 15 times their cash flow over seven years — they are way over-levered.
If you look at Ted Forstmann, an original private equity person who just passed away, he would rail against dividends in this manner — borrowing money to pay out dividends. He was more interested in taking companies public and selling shares and paying down debts and collecting proceeds that way. I can respect that a lot more. The initial private equity model was that you would make money by reselling your company or taking it public, not by levering it a second time.
http://rortybomb.wordpress.com/2012/01/12/an-interview-with-josh-kosman-on-the-embeddedness-of-private-equity-in-the-tax-code/
...and without fed easy money policies and the derivative markets would any of these valuations have ever been realized??????????
I remember when Kohlberg of kkr fame would do bootstrap investing and create wealth through streamlining and expanding markets and product lines, paying down debt, and increasing equity ....the shit they do today is just plundering with a food stamp kicker for the population!
Dante
No humility here....
ReplyDeleteNewspapers in Colorado today are reporting that the elegant Hotel Jerome in Aspen, Colorado, will be closed to the public from today through Monday at noon.
Why? Because a local squire has apparently decided to rent out all 94 rooms of the hotel for three-plus days for his daughter’s Bat Mitzvah.
The hotel’s general manager, Tony DiLucia, would say only that the party was being thrown by a "nice family," but newspapers are now reporting that the Daddy of the lucky little gal is one Jeffrey Verschleiser, currently an executive with Goldman, Sachs.
At first, I couldn't remember how I knew that name. But then I looked it up and saw an explosive Atlantic magazine story, published last year, called, "E-mails Suggest Bear Stearns Cheated Clients Out Of Millions." And then I remembered that piece, and it hit me: Jeffrey Verschleiser is one of the biggest assholes in the entire world!
The story begins at Bear Stearns, where Verschleiser used to work, up until the company exploded, in large part because of him personally.
So Verschleiser would sell bad mortgages back to the banks at a discount, but instead of passing the money back to the trust, he and other Bear execs allegedly pocketed the funds.
Read more: http://www.rollingstone.com/politics/blogs/taibblog/everything-you-need-to-know-about-wall-street-in-one-brief-tale-20120113#ixzz1jYbIIjYL
NFL Running Back Arian Foster is Voting For Ron Paul.
ReplyDeletehttp://www.youtube.com/watch?v=QqNU-C1euzQ
Mitt Romney Fails To Sway Ron Paul Supporter At Huckabee Forum
ReplyDeletehttp://sgtreport.com/2012/01/ron-paul-supporter-asks-mitt-romney-excellent-questions-at-huckabee-forum/
@13 minutes
ReplyDeleteMax talks to investment adviser and blogger Michael Krieger about Ron Paul, the Fed and political futures.
http://youtu.be/vVECwKRmhx8
Dave wrote: "Democracy is dead"
ReplyDeleteSince we live in a representative republic, this is good. Democracy, or 50% + 1 stripping everything from the 49%, is a quick path to slavery.
Evening of Feb 7th is caucus in Colorado! Who can spare a couple hours for the future of our children?
Dave
ReplyDeleteOnce again where is your proof that the Rothschilds were bankers to one nut? For anyone who is Jewish that is a hell of a libel otherwise
Once again, read you jack-off. "The Creature From Jekyll Island: A Second Look At The Federal Reserve." Griffin has extensive footnotes citing sources. I'm Jewish by heritage you pea-brain.
ReplyDeleteMagnus, a great expose on the financing of both sides during WWI and WWII are these three books by Antony Sutton, a former researcher at The Hoover Institute:
ReplyDeletehttp://reformed-theology.org/html/books/bolshevik_revolution/
http://reformed-theology.org/html/books/wall_street/
http://www.reformation.org/wall-st-fdr.html
Based on my read of these books, unlike Dave, I have quit calling the Allies the 'good guys.' The troops were good folks, but the U.S. government was (and is) evil incarnate.
Did you know that the U.S. government was secretly shipping uranium to the Soviets beginning in 1942?
http://arcticbeacon.com/books/Maj_Geo_Racey_Jordan-FROM_MAJOR_JORDANS_DIARIES.pdf
9/11 had many, many precedents in U.S. history.
Interesting...and true...with many issues.
ReplyDeleteRon Paul Debate Flushes Out Gender-Baiting Right Wing Opportunists Masquerading as Progressives
That shouldn’t be surprising given the point often made here and in the few lonely “progressive” outposts on the blogosphere (“progressive” is in the process of being co-opted in the same way “liberal” has been): that the Democratic party has been so deeply penetrated by the neoliberal/Robert Rubin/Hamilton Project types that it isn’t that different from the right on economic issues.
It should not be controversial to point out that the Democratic party uses identity politics as a cover for its policy of selling out the middle class to banks and big corporate interests, just on a slower and stealthier basis than the right. And we’ve seen the identity card used in a remarkably dishonest manner in this Ron Paul contretemps.
The strategy used is shameless straw manning in combination with gender baiting.
Ah, the gender baiting card! No women or non whites have anything nice to say about Ron Paul! That’s patently untrue, but identity bigots like Pollitt apparently can’t wrap their minds around the notion that many people see themselves as citizens first and their demography second, and can and do have nuanced views based on how they weigh multiple political considerations: class, concentration of power, rule of law, civil liberties, and gender/race/sexual orientation.
http://www.nakedcapitalism.com/2012/01/ron-paul-debate-flushes-out-gender-baiting-libertarian-hypocrites-masquerading-as-progressives.html
keep chipping away...
ReplyDeleteRanting Andy Says Europe is Toast – 01-16-2012
http://sgtreport.com/2012/01/ranting-andy-says-europe-is-toast-%E2%80%93-01-16-2012/
Not bad for going and staying in school...wonder what this statistic looks like in the states?
ReplyDeleteUniversity vice-chancellors take average £9,700 pay rise
Heads of elite universities' earnings exceed £333,000 on average, despite squeeze on institutions' overall budgets
http://www.guardian.co.uk/education/2012/jan/16/vice-chancellors-9700-pay-rise
Barret Capital Management accused of using client cash for its own purposes
ReplyDeleteTORONTO - One of Canada's investment regulators has accused Barret Capital Management, a firm specialized in futures and options on metals and other exchange-traded commodities, of using client money for its own purposes.
The Investment Industry Regulatory Organization of Canada warned Monday that Barret clients are at risk due to the firm's "ongoing misappropriation of their money to fund losing trades and ongoing misinformation about the value and holdings in their accounts."
The allegations have not been proven.
http://www.winnipegfreepress.com/business/breakingnews/barret-capital-management-accused-of-using-client-cash-for-its-own-purposes-137439933.html
cockroach theory.??..http://www.investopedia.com/terms/c/cockroach-theory.asp#axzz1jgJuvgFv
secret to their success... ? http://www.youtube.com/watch?v=yr6-YabThxY