Wednesday, August 31, 2011
Only 4% of NEA Dues Dedicated to "Improve Teaching"
Who says education is not big business?
While the majority of a teacher’s dues dollars stay with the state union, $166 is sent to the NEA every year, which is the parent union. As already stated, the NEA only spent $7.44 of that amount on efforts to improve teaching and learning.
To put that into perspective, the NEA spent four times as much ($31.05 of the $166) on “legislative and ballot initiatives” and “partnerships and public relations.” The union spent $68.69 of the $166 on administrative support, governance, legal support, and leadership development and constituency support.
On the Greatness of Thomas Jefferson
At 5, began studying under his cousin's tutor.
At 9, studied Latin, Greek and French.
At 14, studied classical literature and additional languages.
At 16, entered the College of William and Mary.
At 19, studied Law for 5 years starting under George Wythe.
At 23, started his own law practice.
At 25, was elected to the Virginia House of Burgesses.
At 31, wrote the widely circulated "Summary View of the Rights of British America " and retired from his law practice.
At 32, was a Delegate to the Second Continental Congress.
At 33, wrote the Declaration of Independence .
At 33, took three years to revise Virginia ’s legal code and wrote a Public Education bill and a statute for Religious Freedom.
At 36, was elected the second Governor of Virginia succeedingPatrick Henry.
At 40, served in Congress for two years.
At 41, was the American minister to France and negotiated commercial treaties with European nations along with Ben Franklin and John Adams.
At 46, served as the first Secretary of State under George Washington.
At 53, served as Vice President and was elected president of the American Philosophical Society.
At 55, drafted the Kentucky Resolutions and became the active head of Republican Party.
At 57, was elected the third president of the United States .
At 60, obtained the Louisiana Purchase doubling the nation’s size.
At 61, was elected to a second term as President.
At 65, retired to Monticello .
At 80, helped President Monroe shape the Monroe Doctrine.
At 81, almost single-handedly created the University of Virginia and served as its first president.
At 83, died on the 50th anniversary of the Signing of the Declaration of Independence .
John F. Kennedy held a dinner in the white House for a group of the brightest minds in the nation at that time. He made this statement: "This is perhaps the assembly of the most intelligence ever to gather at one time in the White House with the exception of when Thomas Jefferson dined alone."
When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe .
>>> Thomas Jefferson
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
>>> Thomas Jefferson
It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.
>>> Thomas Jefferson
I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
>>> Thomas Jefferson
My reading of history convinces me that most bad government results from too much government.
>>> Thomas Jefferson
No free man shall ever be debarred the use of arms.
>>> Thomas Jefferson
The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
>>> Thomas Jefferson
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
>>> Thomas Jefferson
To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.
>>> Thomas Jefferson
Thomas Jefferson said in 1802:
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their
Tuesday, August 30, 2011
GAO's First Annual Report of Federal Duplication Spending
Many things of interest in this report. The Department of Education and their waste of $4 Billion caught my eye! The following summary is from the the GAO web site! Be ready to be disgusted! And watch Greta on Fox News tomorrow evening 9pm Central time. They will be discussing the education portion of this report.
This is GAO's first annual report to Congress in response to a new statutory requirement that GAO identify federal programs, agencies, offices, and initiatives, either within departments or government wide, which have duplicative goals or activities. Congress asked GAO to conduct this work and to report annually on our findings. This work will inform government policymakers as they address the rapidly building fiscal pressures facing our national government. GAO's most recent update of its annual simulations of the federal government's fiscal outlook underscores the need to address the long-term sustainability of the federal government's fiscal policies. Since the end of the recent recession, the gross domestic product has grown slowly and unemployment has remained at a high level. While the economy is still recovering and in need of careful attention, there is widespread agreement on the need to look not only at the near term but also at steps that begin to change the long-term fiscal path as soon as possible without slowing the recovery. With the passage of time, the window to address the challenge narrows and the magnitude of the required changes grows. GAO's simulations show continually increasing levels of debt that are unsustainable over time absent changes in current fiscal policies. The objectives of this report are to (1) identify federal programs or functional areas where unnecessary duplication, overlap, or fragmentation exists, the actions needed to address such conditions, and the potential financial and other benefits of doing so; and (2) highlight other opportunities for potential cost savings or enhanced revenues. To meet these objectives, we are including 81 areas for consideration based on related GAO work. This report is divided into two sections. Section I presents 34 areas where agencies, offices, or initiatives have similar or overlapping objectives or provide similar services to the same populations; or where government missions are fragmented across multiple agencies or programs. These areas span a range of government missions: agriculture, defense, economic development, energy, general government, health, homeland security, international affairs, and social services. Within and across these missions, this report touches on hundreds of federal programs, affecting virtually all major federal departments and agencies. Overlap and fragmentation among government programs or activities can be harbingers of unnecessary duplication. Reducing or eliminating duplication, overlap, or fragmentation could potentially save billions of tax dollars annually and help agencies provide more efficient and effective services. The areas identified in this report are not intended to represent the full universe of duplication, overlap, or fragmentation within the federal government. We will continue to identify additional issues in future reports.
Given today's fiscal environment, Section II of this report summarizes 47 additional areas--beyond those directly related to duplication, overlap, or fragmentation--describing other opportunities for agencies or Congress to consider taking action that could either reduce the cost of government operations or enhance revenue collections for the Treasury. These cost-savings and revenue opportunities also span a wide range of federal government agencies and mission areas. The issues raised in both sections were drawn from GAO's prior and ongoing work. Many of the issues included in this report are focused on activities that are contained within single departments or agencies. In those cases, agency officials can generally achieve cost savings or other benefits by implementing existing GAO recommendations or by undertaking new actions suggested in this report. However, a number of issues we have identified, particularly in the duplication area, span multiple organizations and therefore may require higher-level attention by the executive branch or enhanced congressional oversight or legislative action. In some cases, there is sufficient information available today to show that if actions are taken to address individual issues summarized in this report, financial benefits ranging from the tens of millions to several billion dollars annually may be realized by addressing that single issue. For example, while the Department of Defense is making limited changes to the governance of its military health care system, broader restructuring could result in annual savings of up to $460 million. Similarly, we developed a range of options that could reduce federal revenue losses by up to $5.7 billion annually by addressing potentially duplicative policies designed to boost domestic ethanol production. Likewise, we identified a number of other opportunities for cost savings or enhanced revenues such as reducing improper federal payments totaling billions of dollars, or addressing the gap between taxes owed and paid, potentially involving billions of dollars. Collectively, these savings and revenues could result in tens of billions of dollars in annual savings, depending on the extent of actions taken. In other cases, precise estimates of the extent of unnecessary duplication among certain programs, and the cost savings that can be achieved by eliminating any such duplication, are difficult to specify in advance of congressional and executive branch decision making. In some instances, needed information on program performance is not readily available; the level of funding in agency budgets devoted to overlapping or fragmented programs is not clear; and the implementation costs that might be associated with program consolidations or terminations, among other variables, are difficult to predict. For example, we identified 44 federal employment and training programs that overlap with at least one other program in that they provide at least one similar service to a similar population. However, our review of three of the largest programs showed that the extent to which individuals receive the same services from these programs is unknown due to program data limitations. In addition, Congress' determinations in making policy decisions and actions that agencies may take would affect the potential savings associated with any given option. Nevertheless, considering the amount of program dollars involved in the issues we have identified, even limited adjustments could result in significant savings.
Ripped off by the Federal Reserve
PREFACE: This mathematical analysis shows how:
1. The economic scheme in the U.S. of creating fiat book-entry money via T-securities in the amount of the principal of the security with a promise to repay the principal PLUS the interest (i.e., deficit spending), is impossible. The interest is never created. The debt must continually be increased to pay interest on earlier securities or the economy will collapse from de-leveraging;
2. The National Debt can never be paid off. Contracts that cannot be culminated are acts of fraud and are void from their inception;
3. The $8.4 trillion received from 2010 Treasury security auctions is hidden in the coffers of the FRBNY; its destination is undocumented and assumed to be profit of the Fed. (If it is used to redeem securities as claimed, there would be no inflation.) Whether concealment of this income from Congress is in violation of Title 12 section 247 requirement to submit a full report to Congress, or constitutes embezzlement, is for Congress to determine;
4. The Fed eventually receives the value of all issued securities as profit (it is inflation). The expense of maturing securities is not included in government records;
5. Congress has temporary benefit of ($1.4 trillion) deficit spending until maturity of the securities (the collateral). At maturity, the government must repay the value (of the loan) to the security holder. BUT THE VALUE OF THE REDEEMED SECURITY IS NOT REDUCED FROM THE FEDERAL DEBT.
6. Fiscal social obligations of the nation will be restricted while debt will escalate exponentially. Imposed social austerity and higher taxes merely postpones the inevitable.
7. The future explosion of interest (currently suppressed to “stimulate” the economy) and escalating debt will eventually consume the entire wealth of the nation and the future earnings of posterity for the benefit of “financiers”;
8. The operation is, as with any Ponzi scheme, predestined for inherent national bankruptcy when buyers to roll over the increasing debt cannot be found.
9. As the scheme becomes visibly precarious and the Fed becomes desperate, the interest rate will sky-rocket and accelerate the collapse.
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The Federal Reserve uses euphemistic smoke and mirrors to obscure their scam. The appearance of the scheme is that Congress receives the benefit of inflation. In reality, it is the Fed that receives the purchasing power from inflation---without public awareness or documentation. With full knowledge the following is not the way the Fed or the government describes the system, allow me to offer a different analysis of their operation.
CREATING BOOK-ENTRY (FIAT) MONEY
Congress can pay for federal expenses with funds collected from taxes, but Congress is never satisfied with this amount. The desire to buy votes/campaign contributions from special interest groups induces congress-critters to spend more, and this is identified as deficit spending. To create this make-believe money requires the assistance of the Federal Reserve.
Congress will give the Fed a T-security (bill, bond, or note) and the Fed will accept the document as an asset of one of the twelve FR Banks. The Fed will then establish a line of credit for the U.S. government (a book entry) in the same amount and list the liability as Federal Reserve Notes. Voila !! Fiat money has just been created for Congress to spend. Ref: 2009 Annual Report to Congress by the Board of Governors, page 448 (for account identification only). http://www.federalreserve.gov/boarddocs/rptcongress/annual09/pdf/ar09.pdf The accumulated securities that have been authorized by Congress add up to the national debt.
If the Fed retained all of the securities (assets), the inflationary pressure created by the extended line-of-credit for Congress would be too obvious. Also, Congress complained several years ago the interest collected was too much profit. The Fed has been forced to return excess profit to the government. The Fed therefore wants to sell a major portion of the securities so it has arranged with the Treasury department to act as auctioneer for selling to the Primary Dealers. This immediately sells the assets of the Fed.
[FN: The Fed recently obtained $700 billion bailout funds. Secretary Paulson begged Congress, on actual bended knee, to give the Fed money and Congress gave them $700 billion in securities. The Fed then swapped the securities to GSE (Freddie and Fannie)/international bankers for toxic MBS‘s---and rescued Paulson’s $800 million in Goldman stock by bailing out AIG. ]
[FN: The 2009 Annual Report lists Assets of $776 billion securities and $908 billion Government Sponsored Enterprise Mortgage Backed securities out of $2.2 trillion total assets. Whether the bailout money, given in large part to international bankers for toxic assets, was a quid pro quo with the PD to avoid lawsuits for fraud is beyond the scope of this writing. The International Bankers do not lightly suffer transgression. The continued mutual benefit of programs, paid for by taxpayers, should evidence Wall Street and the Fed/international bankers constitutes a symbiotic relation.]
The value of any securities not sold by the Fed is still in circulation and becomes the Reserves for commercial banks. Commercial banks, as an aggregate, have no other source of reserves. All money in circulation is originated from T-securities. The reserves, derived from Treasury checks deposited throughout the world, are then multiplied via loans by commercial banks utilizing the fractional reserve practice. (The System Open Market Committee (SOMC) selling and buying of securities alters the reserves---with high leverage---but this effect is applicable only to securities that are already in the public domain.) The Fed currently holds a mere $750 billion of $12.5 trillion issued securities. Ref. http://www.fms.treas.gov/bulletin/b2009_3.pdf. Chart OFS-1.
Observe that the amount of money created by the security is the amount of the principal but the amount promised to be repaid is the principal AND the interest. The interest is never created but payment is required by the agreement. It is impossible. The linear expansion of base/reserve money via fractional reserves by creating commercial loans does not change this. If, hypothetically, all money in circulation was used to pay off the securities issued by Congress, all bank reserves would be wiped out and the commercial loans would collapse---and every dollar of interest on the national debt accumulated from day one would still be due---but there would be no money outside of the Fed’s vaults to pay it.
The debt created by usury based sovereign debt is perpetual; it can never be paid off. The contract cannot be culminated. Any contract that cannot be culminated is an act of fraud. A contract based upon fraud is invalid upon its inception. It would appear the national debt is not legally enforceable. (A debt incurred by a state or municipality is not a sovereign debt as used in this analysis. Such a debt is akin to a commercial loan and is completely repayable---but may be evidence of unwise administration and result in default.)
There are esteemed economists who contend the fractional reserve multiplier is a major cause of inflation. The concept is questionable. Assuming the amount of base money and the multiplier factor remain constant, the creation of fractional reserve money reaches a ceiling that cannot be exceeded until more base money (from T-security issues) is added. The multiplier factor is a mere linear increase of the base money. A major tool of the Fed is to alter the base money with SOMC transactions to boost or quench transient situations. Once the ceiling is reached, only Congressional deficit spending can create new money in circulation.
SOMC operations and multiplier factor alterations change the amount of FRN's in circulation---a debt obligation of the Fed. Only Congressional deficit spending changes the debt obligation imposed on the citizens. However, if the multiplier factor is reduced to zero and banks are permitted to issue currency without limit, this conclusion is subject to review.
THE INESCAPABLE WHIRLPOOL OF PERPETUAL,
ESCALATING NATIONAL DEBT
There is more skullduggery involved. Let us assume a newly established sovereign nation is setting up a usury based economy and will issue 100 unit securities, a five year maturity, and an annual interest rate of 20 percent over a span of five years. A high rate of interest and short maturity is used to reduce repetitive calculations. The identifications of Congress and the Fed will be used to convey the images.
Upon the issuance of the first security, Congress has 100 units to spend. At the end of the year, Congress/Treasury has to pay 20 units to the Fed for interest. If the nation had to pay off the security at the end of the first year, the bankruptcy is obvious. There have never been 120 units created. Twenty units could be removed from society but that would leave only 80 units in circulation, cause great financial hardships, and still leave an impossible obligation to redeem a 100 unit security. (This economic diminution would be akin to a contemporary balanced budget.) The solution is to put off the interest payment until the next issue of security for the second year. The interest is paid from the principal created by the second issue.
During the second year there are 200 units in circulation but the actual rate of interest on the second issue is not 20 percent. Since 20 units had to be paid to the security holders, congress only received 180 units to spend (100 + 80) but they are committed to pay 40 units of interest on the security at the end of the second year. The interest rate of 40 divided by 180 is 22.2 percent. Considering the second year alone, the interest is 20 divided by 80 or 25 percent.
When the security for the third year is issued, the interest of 40 units for the first two years securities will not be available for congress. Congress will receive only 60 units for public projects but will have to pay 20 units interest at the end of the year. The 240 units received by congress (100 + 80 + 60) will require 60 units of interest at the end of the third year. The cumulative interest rate (60 divided by 240) is 25 percent. The interest rate for the third year alone (20 divided by 60) is 33.3 percent.
At the start of the fourth year, the security will have to cover the interest charge for the three prior years of 60 units. Congress will receive 40 units for government spending. The 280 units received by congress (100 + 80 + 60 + 40) will demand 80 units of interest at the end of the fourth year. The cumulative interest rate (80 divided by 280) is 28.5 percent. The interest rate for the fourth year alone (20 divided by 40) is 50 percent.
The security issued for the fifth year will pay the 80-unit interest for the prior four years. Congress will have 20 units to splurge. The 300 units received by congress (100 + 80 + 60 + 40 + 20) will require 100 units of interest at the end of the fifth year. The cumulative interest rate (100 divided by 300) is 33.3 percent. The interest rate for the fifth year alone (20 units received--20 units in interest) is 100 percent.
At the end of the fifth year, 100 units must be found to redeem the maturing security issued the first year (that “loaned” 100 units to the government) in addition to 100 units of interest that must be paid. Congress has an obligation to pay 200 units. This factor alone makes it obvious that more debt must be incurred to continue the scheme. The inescapable whirlpool of usury debt can only avoid obvious default by increasing the value of future securities. Increasing the value of issued securities merely postpones the inevitable result.
As the sixth year approaches, the Fed holds 500 units of securities that must be redeemed by the Treasury before year eleven. The Fed has already received 200 units as interest while Congress retains 300 units from those securities. Before year eleven, the securities will accumulate an additional 300 units of interest payable to the Fed. That accounts for the entire 1000 units of securities and interest that have been involved over the five years. (Each of the five 100 unit securities involved 100 units of interest.)
Do not let the subtly of the numbers escape you. As the example demonstrates, the Fed receives the total value of the security and the interest if it does not sell the security. Only 500 units were created by the securities but 1000 units (interest and principal) were somehow acquired by the Fed. The only way for Congress to get the funding is to issue a 200 unit security at the end of the fifth and subsequent years and ALL of the value will be instantly due to the Fed. The scheme is not only perpetual but it must increase in size to continue.
When the 200 unit security matures, the value will belong to the Fed. And then a larger security must be issued to pay for the 200 unit security and the accruing interest further down the road. This is the methodology of any Ponzi scheme. The increase in the required size of deficit spending must be large enough to make the interest payment a relatively acceptable percentage to minimize public hostility.
The example’s 100 unit roll-over value of year five reached $7.0 trillion in year 2009 with an additional $1.4 trillion securities issued for deficit spending. Ref. Post.
A high rate of interest has been selected for the example to minimize repetitive calculations. A ten percent interest rate will return 100 percent of the security value in ten years; a five percent interest rate will take twenty years. Lower rates of interest merely require more years to reach the same inherent bankruptcy. (Actually, bankruptcy occurs the first year irrespective of the interest rate, but then again, since the debt can never be paid off, the entire scheme is based upon fraud. A contract based upon fraud is void from its inception.)
But 5 year securities are a slow game. If we shifted our attention to 13 week bills, or even four-week bills, each obligation will quickly mature and must repeatedly be rolled over. Each new issue causes the creation of fiat money (inflation) and is profit for the Fed. If time lapse between bid and issue dates are ignored, the roll-over of four week 100 unit securities can be repeated thirteen times within a year. The gain of 1300 units of profit for the Fed only involves 100 units of national debt.
An economic scheme that utilizes later investors to pay the interest due earlier investors is identified as a Ponzi scheme. This is precisely the scheme that has been presented above.
A government publication has noted the fiscal policy insecurity: “(T)his growing gap between (Government’s) receipts and total spending …cannot be sustained indefinitely.” http://www.fms.treas.gov/frsummary/frsummary2010.pdf page 3 of 12. The statement was undoubtedly intended to support confiscation of more wealth from the citizens.
ALL FIAT MONEY BECOMES A PROFIT FOR THE FED HIDDEN BY THE FRBNY; THE OPERATION TRANSFERS ALL THE WEALTH OF THE NATION TO “FINANCIERS”
If a security is sold at auction, as approximately ninety percent of them are, the Fed receives the value of the security from the Primary Dealer and the ultimate purchaser is eventually reimbursed by the Treasury at maturity. Whether auctioned or not, the Fed receives the value of the security. The value of all T-securities held by the Fed until redemption is a clear profit for the Fed, as is the value of all securities sold to and held by Primary Dealers, funds, nations, states, or financial institutes.
Low interest rates will reduce gain for security investors but will provide cheap money for commercial banks to loan. Much of the interest from T-securities held by the Fed must be returned to the government as a result of 1970’s legislation, so the Fed has little motivation to raise rates to make more money--they receive the value of the security.
The total value of auctions in 2010 was $8.4 trillion. Approximately $6 trillion of the securities sold matured in less than one year. http://www.treasurydirect.gov/instit/annceresult/press/preanre/2010/2010.htm ; http://www.treasurydirect.gov/RI/OFAuctions?form=histQuery .
The handling of auction funds is the responsibility of the Fed. Ref. GAO FINANCIAL REPORT TO SECRETARY OF TREASURY, Nov 2010, page 17. http://www.treasurydirect.gov/govt/reports/pd/feddebt/feddebt_ann2010.pdf. This writer concludes the sales are credited to an account of the Fed and not to an account of the Treasury. There is no inflation if it is otherwise.
The $8.4 trillion in income does not reveal itself in the ANNUAL REPORT TO CONGRESS; Ref. Tables 10 and 11, pages 454 to 462 REPORT for 2009. Id. (Auctions are not Open Market transactions. Securities that are not sold are assigned to SOMC.) This $8.4 trillion is concealed from Congress and the public.
The NY Fed handles accounting for the securities. Ref. ACCOUNTING FOR TREASURY SECURITIES AT THE FEDERAL RESERVE BANK OF NEW YORK , GAO /AFMD-84-10, May 2, 1984, page 9 of 30, http://archive.gao.gov/d5t1/124060.pdf. The report does not identify the account that is being used to redeem the securities. This writer concludes the payments are debited to an account of the Treasury and not to an account of the Fed.
Confirmation of the Fed’s handling is found in their ANNUAL REPORT: BUDGET REVIEW 2010, “The Reserve Banks auction, issue, maintain and redeem securities…(and handle) paper U.S. savings bonds and book-entry marketable Treasury securities.” p 5.
“Aha!” exclaims a disciple of the Fed. “The above analyze proves the integrity of the Fed. The $8.4 trillion is obviously being used to pay the redeemed securities and the sale and redemptions are off-setting.” And thus would the Fed beguile the naïve. Indeed, the Treasury’s receiving the value from auctions for that purpose is widely proclaimed in media publications. Treasury financial statements claim “borrowing from the public” finances government operations. However, direct transfer of money from the public cannot, in any way, expand the monetary system or result in the creation of fiat money (i.e., inflation) any more than can the payment of taxes by a private entity. The label is deliberately misleading.
The confusion actually confirms the scenario developed herein. When $8.4 trillion in securities is transferred from the Treasury to the Fed, there is a credit on an account of the Treasury (but is considered a liability in a Fed account titled federal reserve notes) and an asset entry in an account of the Fed (titled T-securities). The $8.4 trillion book-entry for the Treasury is used to pay the $7 trillion redeemed securities with $1.4 trillion being available for deficit spending by Congress. The T-securities possessed as an asset by the Fed are sold at auction and the $8.4 trillion belongs to the Fed. Where the value from the auctions is entered into the books of the Fed, and to where the $8.4 trillion goes, is not available information. This is how the fiat money of inflation is created as detailed earlier. It is assumed the IRS knows nothing of this income or profit. Whether Title 12 section 531 or some other provision excludes such income from taxation is for Congress to determine.
Observe the deficit spending of $1.4 trillion requires Congressional approval. The $7 trillion roll-over securities somehow require no Congressional action but occurs automatically. With the national debt at approximately $15 trillion, the average maturity of Treasury securities would be about one year. The interest on the national debt is shown as an expense on the government’s balance sheet. The $7 trillion from the sale of the roll-over securities is not included in government accounting and is concluded to be a profit for the Fed.
INITIATING THE SCAM
Similar historic banking operations declared they loaned the value of the security to the king and therefore they should receive interest from the loan. The pretense is a sham. Congress and the Fed have agreed they are going to rip-off the public by devaluating the currency. Each party acquires purchasing power from the scheme. Congress gives a promise to pay (a security or collateral) which is given to the Fed and the Fed gives a promise to honor the government’s checks with fiat book-entry money (printing press money, i.e., FRN‘s, a legal tender.) A “legal tender” is a commodity that is required by law to be accepted for a contract stipulating another commodity (i.e., the original contract is in dollars; you must accept FRN). It is an acknowledgement of debt that can never be paid because there is no lawful money available. Title 12 section 411 clearly stipulates “(Federal Reserve notes) shall be redeemed in lawful money on demand at the Treasury Department of the United States… or at any Federal Reserve bank.” Good luck with that. You will only receive more debt of an under-capitalized federal corporation shell created by Wall Street bankers during a week-long retreat on Jekyll Island.
To get the scheme started and the con game financed by third parties, it must have the appearance that interest is their source of profit and a gain must be made from the brokerage difference. A prime concern for the Fed under these conditions would be the difference in the value credited to the Treasury account and the value received from the auction. If the value of securities purchased by the public is transmitted directly to the Treasury, there cannot be any inflation, but then there is no gain to the Fed from book-entry money. The percentage taken by the Fed for profit can even be variable but is hidden without an audit.
If the Fed projected a guise of a brokerage firm to sell government bonds to the public to a susceptible Congress, it would be a simple arrangement with minimal investment or risk. The currency in circulation in 1913 was non-interest bearing U.S. Notes. After the operation was set up and the New York Federal Bank was handling the accounting, it would be a simple shift of accounting procedures to have the T-securities accepted by the FR Bank as owner instead of as a broker. The difference allows the Bank to create fiat money (inflation or Federal Reserve Notes) as a profit for the Bank. Whether this falls within the parameters of embezzlement depends upon many conditions.
The 1913 congressional report of objects of the legislation by Senator Glass included the statement “(3) Furnishing an elastic currency…of bank notes…” Perhaps the enumerated powers of the Federal Reserve Banks at 12 USC section 341, paragraph Eighth, might be stretched to authorize the practice of debasing the money. However, the courts have repeatedly concluded the profits of the Fed belong to the United States. Ref. Scott v FRB of Kansas City, 405 F3d 532, 535; In Re Hoag Ranches, 846 F2d 1227. The fact that the income is not reported is suggestive of subterfuge.
To put $8.4 trillion in perspective, the 2010 operation of the U.S. government involved $3.4 trillion and that includes the $1.3 trillion deficit. The entire amount of taxes collected by the U.S. government was only $2.1 trillion. Title 12 section 247 imposes upon the BOG a responsibility: “The Board of Governors of the Federal Reserve System shall annually make a full report of its operations to the Speaker of the House of Representatives, who shall cause the same to be printed for the information of the Congress.” The requirement is not limited to administrative costs. Why does this not include a report of the $8.4 trillion from the auctioning of T-securities that is handled by the FRBNY ??
Good luck on trying to follow this sequence in the accounting records. Even Enron, World Com, and Bernie were able to cook the books---and they were audited. The annual audit of the Fed follows accounting guidelines established by the Fed. Those guidelines do not permit the receipts and disbursements of T-security auctions being examined.
If asked “Who owns the T-securities that are sold at the auctions--the Fed or the U.S. government?” a Fed representative will respond “The securities are a liability of the government.” An astute observer will note the inquiry was avoided; it was not answered.
A newspaper article a couple of years ago informed us the annual increase in interest to be 15 percent while the budget only grew 7 percent. That reflects the exponential growth of interest. More recently the deficit has been increasing much faster to fund/conceal the rapid growth in interest requirement---and to rescue financial institutes from default. Professor Bob Blain, Southern Illinois University, Edwardsville has graphed the exponential growth in debt from 1915 to be irregular only during the 1930’s.
In 1790 during Congress’ consideration of Alexander Hamilton’s proposal to pay the national debt with a usury based obligation placed upon the citizens, congressman James Jackson, after lengthy reflection on the devastation similar plans had imposed on European countries and cities, included the following observation to Congress:
“Let us take warning by the errors of Europe, and guard against the introduction of a system followed by calamities so universal…The funding of the debt will occasion enormous taxes for the payment of the interest…(such a system) must hereafter settle upon our posterity a burthen (sic) which they can neither bear nor relieve themselves from.” Ref. ANNALS OF CONGRESS, Vol. 1, 1790, pp. 1141-2.
In actual practice within the United States, a collection of taxes for part of the government spending is well known. Payment of part of the government expenses by taxation does not alter the government’s usury program; for analytical analysis they can stand alone. The ninety year pattern of increasingly larger deficit spending is the escalation as the climax of chaos beyond description approaches.
The end result of economic exploitation by usury is becoming transparent in Europe. As various nations become indebted to “financiers,” the demand to satisfy the debt includes the selling of national heirlooms and infrastructure to the creditors. Airports, roads, government buildings, and all resources are fair game. Ownership of land and resources by a financial oligarchy is but one example of feudalism—the government is mere window-dressing. The outstanding unfunded debt that is even now overhanging the citizens of the United States is more than enough to impose slavery if the people submit. If the people can be brainwashed to believe they must pay the debt, the income tax (if it exists) can be used to confiscate 100 percent of their income and the masses must subsist on government largess. Benjamin Ginsberg documents in FATAL EMBRACE numerous times when societies have revolted against such oppression. What the people of the U.S. will tolerate remains to be seen.
References:
Thanks to a professor teaching a graduate course of Money and Banking for revealing how the Fed creates money. The rest of the analysis is an inescapable mathematical progression as recognized in engineering.
Dr. Bob Blain, Emeritus Professor of Sociology at Southern Illinois University, Edwardsville, in a published paper “Revisiting U.S. Public and Private Debt” released in 2008 observes the exponential increase in national debt from 1915 and the destruction inflicted upon historic societies by usury based monetary systems.
FATAL EMBRACE by Benjamin Ginsberg documents historic occasions in which a usury debt based economic system (but not so identified) resulted in the “financiers” facing public fury including deportation, confiscation of estates, and physical harm to the individuals involved.
GREENSPAN’S BUBBLES; THE AGE OF IGNORANCE AT THE FEDERAL RESERVE by Bill Fleckenstein reveals how the Fed suppressed Federal Fund interest rates to create a false prosperity that devastated the economy for 20 years and destroyed the home construction industry.
THIS TIME IS DIFFERENT; EIGHT CENTURIES OF FINANCIAL FOLLY by Carmen Reinhart & Ken Rogoff reviews defaults as seen by an economist speaking to the International Monetary Fund/World Bank. It is the nature of governments to steal from the people.
Monday, August 29, 2011
Spur Chaser

Sunday, August 28, 2011
More Central High School International Baccalaureate (IB) Information
I remembered that in my research of IB I did obtain some information from the Springfield School District about Central's IB results. It took a freedom of Information request and $25.00 to get it, boy you talking about tight lipped on such an outstanding program. Let me be clear, not all students at Central participate in the IB program. I do have the numbers for six years and will share them here. Remember these are from IBO official documents:
2005 had 81 candidates, 26 earned the IB Diploma = 32% success rate
2006 had 82 candidates, 28 earned the IB Diploma = 34% success rate
2007 had 114 candidates, 21 earned the IB Diploma = 18% success rate
2008 had 119 candidates, 40 earned the IB Diploma = 34% success rate
2009 had 111 candidates, 28 earned the IB Diploma = 25% success rate
2010 had 159 candidates, 31 earned the IB Diploma = 19% success rate
Over six years that equals an average 27% success rate. This success rate correlates closely with that of the US News and World Report statistics.
Now let me show you how the Springfield School districts shows a higher success rate. Instead of using the total number of candidates each year they only measure the number of candidates that attempted the diploma.
2005 had 81 candidates, 31 attempted the diploma = 38% attempt rate
2006 had 82 candidates, 31 attempted the diploma = 37% attempt rate
2007 had 114 candidates, 31 attempted the diploma = 27% attempt rate
2008 had 119 candidates, 55 attempted the diploma = 46% attempt rate
2009 had 111 candidates, 41 attempted the diploma = 37% attempt rate
2010 had 159 candidates, 41 attempted the diploma = 26% attempt rate
The district took the number of diplomas awarded from the first chart above and then divided by the number of diplomas attempted and came up with a higher success rate.
Here is what the district shows as their Diploma Success Rate:
2005 had 31 diplomas attempted, 26 diplomas earned = 84% success rate
2006 had 31 diplomas attempted, 28 diplomas earned = 90% success rate
2007 had 31 diplomas attempted, 23 diplomas earned = 74% success rate
2008 had 55 diplomas attempted, 40 diplomas earned = 73% success rate
2009 had 41 diplomas attempted, 28 diplomas earned = 68% success rate
2010 had 41 diplomas attempted, 33 diplomas earned = 80% success rate
This is misleading to the public and they should be called out on it. What of the students that did not attempt the diploma? Is the district not accountable for them as well? Their statistics are trying to support a program that they describe as highly successful. Because the district has spun the numbers I personally discount their success statistics and you should as well!
I ask how many programs outside the public school system can survive with such low success rates. The average cost to most schools nation wide to operate an IB Diploma Program is $200,000 annually. That does not include salary for those involved. Readers might be surprised how much this six year 27% success rate has really cost the taxpayer considering that Central has over 25 IB teachers in their six content areas. They also employ an IB Coordinator, a DP counselor, a secretary, a CAS coordinator, and an extended essay coordinator.
The District also informed me that it would take several days (and my $) to extract IB specific expenditures from their budget lines. No transparency! There will continue to be disagreement about IB and I know that, but I ask you, would this be acceptable to the taxpayers if it were widely known? Some may believe that students that participate in IB classes may be better prepared for college even those that don’t attempt the diploma. And there may be some truth in that, though IBO can give no proof of that fact. As a taxpayer I need something to measure the success to cost ratio of any program within the public education system. We can not afford to pay for programs that do not have very successful outcomes!
I encourage the taxpayers of Ozark, MO to ask the hard questions about how much it will really cost per IB student and per IB diploma. The Ozark School District must be transparent as they move forward this debacle. We must demand that the IB success rates not be spun in support of the program, but be truthful so that the future of this program can truly be judged. As taxpayers we need to be knowledgeable about programs paid for with our money. Lets get involved!
Saturday, August 27, 2011
Scriptural Marriage & Marriage Licenses: Let the State Grant Permission for What God Has Put Together
Today, I ask my friends one final question about government and it concerns the sacred institution of marriage. Why do Christians allow the government to grant permission for what God has brought together? Of course I am talking about that tax, which is now used to redefine marriage, known as the marriage license. Isn't the very idea of a marriage license blasphemy?
To understand this, you must first look at what a scriptural marriage is. When you read scripture, you understand there is no marriage license. In fact, if I told you what a marriage license was originally intended for you would find the whole concept even more insulting that you should now as Christians, conservatives, and libertarians.
Today's marriages are based on superficial things and fail to meet spiritual criteria. This of course is how the conveniences and comforts of which man creates begins to infiltrate God's sacred plan of marriage. Of course, each time this is trampled on by new laws by the state, you see how much less marriage means overall in society.
In Biblical times, from the history I have learned, there was no going to the state and receiving permission by paying a fee to marry. Marriage involved three steps as laid out in the Bible in order to create the covenant and a the step of becoming transparent to your spouse opening up to them and sharing those things that are you.
First the Bible states that both man and woman must be willing to leave their parents.
"Therefore shall a man leave his father and his mother..." Genesis 2:24 states. This of course was before the creation of Israel, which is considered the first state according to the Bible. As you can see, marriage is so important to God, that it comes up quickly in the Bible. God also defines marriage before the fall of Adam and Eve.
Genesis 2:24 continues, "and shall cleave unto his wife.."
The idea of cleaving comes long before the deal is sealed. This is the courting process and the word cleave means to pursue hard after someone. God intends this both before the the marriage and after the marriage. In other words, date nights are an important part of both stages of love. Unfortunately today, the idea of cleaving is far too often forgotten as too many people are too ready to have sex without any feelings towards the other. Sometimes these lead people to being forced into a man-made marriage, a shotgun wedding, which cleaving wasn't present. Therefore, many marriages today aren't scriptural because there wasn't this action that took place that developed the love prior to the final act.
Genesis 2:24 notes the final act to create a marriage is to become one flesh. God is clear about his gift of becoming one flesh. "And they shall be one flesh…"
This of course is the act of consummating the love that takes place from the cleaving process. There are no marriage certificates. There are no taxes to pay. This is an oath that two people who really love each other take through a clear process that has obviously become polluted by the laws of man.
It has been only recently, thanks to reading the scripture that I have discovered reasons for why I have felt a certain way in my life. For some strange reason, I had a connection, a strong connection, to a woman, and she had that strong connection for me. I had no clue why that connection existed. All I know is for 16 years, I could never get this woman out of my mind, and for her those same thoughts existed as our lives were intertwined based on the promises we made to each other through our love and actions twenty years ago.
I have come to realize that the only logical way to realize why there was a connection was because we walked down this path just over 20 years ago, as our time together was like no other. Of course, I looked at marriage as something more of what man sees it today, than what God's original design for it was. For 16 years, I longed to be with one woman to the point it drove me crazy not understanding why until I read the scripture on marriage. Then I understood the connection we made. I understood the feelings and love during that period that led to two people feeling something they never felt before and they never felt again with anyone. Without going into details, I realize now how man's interference with marriage has redefined it and lessened it's meaning, giving us something much different today. By the way, that woman is now my wife, but we didn't understand the Bible well enough to understand the blessing that God gave us and the connection that took place upon walking down this path together. From the moment I met my wife, there was this energy about her that overtook me like no other. My desire to be with her never ended even when we were apart for so many years.
It took a hard question to discover this truth. If there are grounds for a scriptural divorce then God must also have a plan for a scriptural marriage. Neither involve any legal documentation by the way. A scriptural divorce happens when one party is guilty of adultery. There are no divorce courts in the Bible. There are no divorce decrees. Upon this happening, the innocent party has the right to remarry, but for some reason, even the church has adopted man's laws over Biblical laws. All the while, the institution of marriage suffers.
My research into this soon discovered just how threatening man's laws are to God's plan for scriptural marriage. When you look at the intentions of man which gave the state authority in both marriage and divorce, you see how wrong the whole concept of a marriage license is.
When you think of marriage, you think of a lifetime of love, but a marriage license didn't honor this concept. In fact, it worked to prevent a lifetime of love from happening between certain people. Now the Bible says, let no man separate what God has put together. Yet one of the original purposes of a marriage license was to do just that.
A marriage license was created not to bring joy to two people who love each other. No, it served a purpose to make exceptions to laws that prevented two people, which God had brought together, to marry. In early America, it was illegal for whites to marry blacks. A marriage license granted interracial couples the power to marry. In other words, marriage licenses are a reflection of slavery in the United States, and in more ways than one. Obviously, you have the history to back that up, but why do we allow couples in love to become slaves of the state by forcing them to get permission from the state in order to carry out their desire to be with each other for a lifetime? After all, God put these two people together not the state.
So why are we so eager to rush into marriage under the conditions of the law of man? After all, as more states face budget shortfalls, gay marriage is being pushed not as law that really has the sincere interests of gay couples, but as as a law to increase revenues for failing budgets. Notice most of the states pushing gay marriage are also in budget crisis. The states doing so have no interest in God's blessing of marriage. They only see dollar signs, which is the entire purpose of a modern marriage license anyway. That really takes the significance away from God's idea of marriage. Marriage under God's eyes is a simple concept in which a man and woman who love each other come together as one flesh with the promise of spending a life time together. It has nothing to do with licenses or extravagant ceremonies.
With these final words, which I have prayed on and felt in my heart this morning to share with you for my final article, I now go on to work on my marriage and make it a happier place working to understand God's word to make myself a better Christian in that I will be a more loving husband. I do it knowing my marriage was based on scripture and not the fact we bought a marriage license in Eureka Springs.
Tuesday, August 23, 2011
Central High School IB Student Performance
http://education.usnews.
IB Participation Rate = 25.7% - This is the percentage of IB test takers who passed (received scores of 4 or higher) on at least one IB exam.
Quality-Adjusted IB Participation Rate = 25.0% - This is the percentage of 12th graders who took and passed (received a score of 4 or higher) on at least one IB test at some point during high school.
IB Participant Passing rate = 97.3% - This is the percentage of IB test takers who passed (received scores of 4 or higher) on at least one IB exam. People will read this statistic and say "WOW" IB is great, until they understand that this is nowhere near the percentage of students that receive an IB Diploma. This very misleading!
IB Exam Pass Rate = 84.8% - This is the percentage of students taking IB tests who earned a 4 or higher. Again the stat is misleading!
IB Diploma Per IB Test Taker = 0.5% - This is the success rate. Percentage of IB participants that ultimately achieve an IB Diploma! Here it is, only 0.5% receive a Diploma! I bet ya, Central will never tell you this, at least those that have been brought in to speak to our BOE, never said it. They did use the higher numbers!
IB Diploma Per grade 12 enrollment = 0.1% - This is the Diploma Rate. The percentage of students in cohort that receive an IB Diploma!
Ladies and Gentleman this is insane. I do not agree with the districts consultant, Dr. Reed that the journey is what IB is about, not the diploma! As she said "The point is not the point!" IB is money down the rabbit hole! Speak up tell your school board members they have made a tremendous mistake!
College-ready student performance data derived from data provided by the College Board and/or International Baccalaureate of North America.
Advanced Placement student performance data derived from data provided by the College Board. Copyright © 2011. Data provided by the College Board. All rights reserved. http://www.collegeboard.com/
International Baccalaureate student performance data derived from data provided by International Baccalaureate of North America. Copyright © 2011. Data provided by International Baccalaureate of North America.
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Science vs. Faith
by Lisa E. McLoughlin
Monday, August 22, 2011
This Puppet Government Act Is Getting Old
You're in the mid-80s. The main man Ronald Reagan is sitting in the Oval Office. He, along with the rest of the nation, hears word of unrest in Afghanistan over USSR intimidation. The unrest is over oppressive rule and no representation. Of course, we're all; "Yeah awesome! Let's help those guys show those commies who's boss!" So, we finance and send the rebels weaponry through Israel as an abstraction layer (after all, there does not need to be a direct link between our weapons and where they came from; then the USSR could come after us). The rebels (freedom-fighters) successfully fought off the USSR (though internal struggle inside the USSR also helped). There was a distinct pro-Western slant among most of the Middle East throughout the 90s and early 2000. Some countries (Iran is most notable) do not care for us; but most liked us (you know, for helping them defeat the commies). We also got in deep with the oil companies over there, to the point that our "cheap" gas comes from the fact that oil companies price barrels by the US dollar, which is why other countries get miffed when our dollar gets weakened. Nice. Throughout the 90s though, small pockets of Middle Easterners realize that their rulers were being manipulated through back-door tactics from the United States. They don't want it.
After September 11th, who we thought would be our allies wound up being our enemies. Whether bad military tactics and diplomatic relations were on our part is still being debated; however, the one thing that is proven fact is; we gave these people resources back in the day to fight against a different enemy. That wound up not happening. So, H.W.'s son there took his rage (and sweet time) against former interests and supposedly toppled one or two of them. Our leftovers from Iraq remain though. There's nothing temporary about those temporary military bases over there. We still have 50,000 troops over there as well placed on advisory roles.
It's now 2011. The Libyan rebels are being oppressed by the crazy-man Gadhafi (who some people say was Western-funded). We are directly funding the rebels (the National Transition Commission of Libya) this time; and the head guy appears to be quite the pro-Westerner; stating that they (the NTC) will "build up a united and democratic Libya." It won't be the revolution people wanted should the majority of the world consider the NTC main governing body of Libya; and pockets of rebellion will start up again, after learning of the heavy Western ties (there's gold over there too). They would like their freedom without the strings of the US being tugged every-so-often thank you very much.
Re-read that first paragraph, only put "2011" in place of "mid-80s" and "Barack Obama" in place of "Ronald Reagan". Then there's a different (smaller) stage, but the course of action is exactly the same.
Saturday, August 20, 2011
IB's Radioactive Redhead
by Lisa E. McLoughlin
The International Baccalaureate Organization & Secular Humanism
The International Baccalaureate Organization (IBO) promotes these Secular Humanist perspectives as International Education that is marketed for use in primary and secondary schools worldwide.
“Helping young people to become fully human is something that the IBO can foster if, of course, the leadership is there to confront the challenges that will come from the relativists and the fundamentalists. We need to be helping our young people to be compassionate, caring, ethical individuals. This will mean helping them to make distinctions between what is right and wrong; just and unjust; true and false; good and evil.” – Dr. Peter Vardy on “Values Education” at the 2006 IBO International Conference in Hanoi.
Personal issues such as attitudes and values become subject to non-negotiable IBO dictates. The President of the IB council of Foundation, Monique Seefried has stated: “As an organization, the IBO is an independent organization and an organization of choice. No school has to take on our programs, and if they do, they choose to embrace our values and to abide by them. If they don’t, they don’t need to belong to our communities of schools…”
At the Continuum of International Education (2002) IBO identified their source of values: “In developing an awareness of the diverse values of different cultures. It is, however, fundamental that students in each IBO program are exposed to those human values which are recognized as universal; these are embodied in the Universal Declaration of Human Rights, adopted and proclaimed by the General Assembly of the United Nations in 1948.”
The IBO Goals and Mission Statement that follow fit very nicely into the Secular Humanist prospective. “The International Baccalaureate (IB) is more than its three educational programmes. At our heart we are motivated by a mission to create a better world through education. We value our hard-earned reputation for quality, for high standards and for pedagogical leadership. We achieve our goals by working with partners and by actively involving our stakeholders, particularly teachers. We promote intercultural understanding and respect, not as an alternative to a sense of cultural and national identity, but as an essential part of life in the 21st century. All of this is captured in our mission statement.”
“ The International Baccalaureate aims to develop inquiring, knowledgeable and caring young people who help to create a better and more peaceful world through intercultural understanding and respect. To this end the organization works with schools, governments and international organizations to develop challenging programmes of international education and rigorous assessment. These programs encourage students across the world to become active, compassionate and lifelong learners who understand that other people, with their differences, can also be right”.
The IBO unashamedly admits that it is a Secular Humanist Organization. Its ties with other Non-Governmental Organizations (NGO’s) such as the United Nations Education Scientific and Cultural Organization (UNESCO), United Nations International Children's Emergency Fund (UNICEF), United Nations Fund for Population Activities (UNFPA), United Nations Development Program (UNDP) and the World Bank further identify IBO as such.
The humanistic system of values has now become the predominant way of thinking in most of the power centers of society. Universities, news media, entertainment industry, judiciary, federal bureaucracy, business, medicine, law, psychology, sociology, arts, Congress and now our public schools at the primary and secondary level through the implementation of IB.
But as admirable as the Humanists’ initiative is, and as far reaching as their impact has been, their efforts will only serve a destructive purpose if their fundamental belief system is wrong. Good intentions are not enough; these intentions must be based upon truth. As a Christian I believe that Humanist at all levels and especially those that pursue and push the IB program are leading society in the wrong direction and it is my duty to provide leadership according to the worldview I believe is based in truth, Christianity!
Do You Really Care about the International Baccalaureate and Agenda 21?
Others have told me they will take a wait and see approach. I will tell you this, "silence equals compliance." I will not be compliant in this UN takeover of our public school system. I will continue to oppose this program, even if I am the lone person crying in the wilderness!
If you no longer desire to be apart of this challenge and are tired of receiving emails and face book posts or feel that no impact can be made, please let me know and I will remove you from my email and face book friend list. There will be no hard feelings on my part, just disappointment.
BBCW and TAIB continue to be outlets for commentary on this issue as well as the superdave blogtalk radio show, which I hope all of you visit regularly. I am also a director with the South West Radio Group which is an initiative by David Day (superdave) to bring your voice on all things political and dear to you hearts to South West Missouri through a local radio station.If you haven't checked this out you need to. We are trying to raise the money to get this radio station going and the deadline is fast approaching. Please visit http://www.superdaveshow.com for information on how you might assist it getting this radio station off the ground. We hope that we are successful, but we do need more monetary help!
Another UN issue that has raised its ugly head in Christian County is Agenda 21 (which IBO promotes through sustainable development education). I attended the 11th Conference on private property rights (hosted by the Ozarks Property Rights Congress) in Mountain Grove, Missouri along with approximately 300 other concerned citizens (mostly land owners and farmers). A lot of great information was covered and I could actually see the connection that IB has with this UN agenda. You should also know that there is a Christian County Chapter of the Ozarks Property Rights Congress, you can contact Bob Estep at 417-844-8406 for meeting information.
I encourage everyone to check out this web site: http://www.ozarksprc.com. We really need to understand what is happening locally, not just in the school system, but within our local governments. I also encourage you to visit http://www.sheriffmack.com for more information on the role of our local sheriff in helping stop some of this International and Federal intrusion into our personal lives.
More people must speak out on these issues and I encourage all to become knowledgeable about the issues and do just that speak out. We must keep the pressure on those elected officials that make decisions that affect our children and our property rights.
Republican Congressman Billy Long has some explaining to do
Last Year, a number of candidates, 8 total, were vying for election in the Republican primary in Missouri’s 7th Congressional District.
This District is a ‘Redder than Red’ with a very strong base in the Evangelicals, States Rights advocates, and your standard gun toutin’ and pick-up drivin’ denizens who work hard and play the same way and are proud of their independent ways.
During the primary run-up, then candidate William ‘Billy’ Long II, sold himself as a small businessman who was ‘Fed-up’ with Washington D.C. and all it’s backroom deals and the ‘quid pro quo’s’ that most Americans detest. He beat out two well respected State Senators and a host of others that rounded out the field to win the nomination and the General Election.
In this district, even a conservative Democrat would not be able to win.
However, his win didn’t come without controversy.
Weeks before, a woman came forward and alleged the Mr. Long and his cronies had participated is several debaucheries at a local restaurant. Poker, Strippers, and booze were on the playbill, as well as his behavior towards people of color.
Long denied the allegations.
One day before the general election a fake e-mail address with his opponents name on it, was distributed to numerous news outlets in the 7th Congressional District, stating that the Democrat challenger, Mr. Scott Eckersley, had withdrawn from the race. News stations ran with the story without checking the validity of the claim, damaging his small but hopeful campaign to win the general election.
Eckersleys’ staff quickly determined the IP address of the originating sender and that info was turned over to the authorities and was traced back to what looks like an old friend of the Long Family. This may considered election tampering.
If Congressman Long’s fingerprints are on this or is implicated in this mess, his short political career will be over.
But unfortunately, it doesn’t stop there as there are two more issues that may keep the Federal Election Commission (FEC) as well as the Ethics Committee in Congress busy.
Congressman Longs Springfield office is a little off the beaten path but close to his favorite restaurant where he has a steak named after him, the Billy Long Cut, an 11oz. Boneless Rib-Eye, and its close to his home. The problem arises when one looks at the lease his official office has. Not so much as the price of the lease but to whom. A quick check on the Greene Co. Assessors and the Missouri Sec. of States Office, reveals that Long rented space from CRW Properties and is owned by Jerry Jared.
Nothing wrong with that until you cross-reference this name with Congressman Long’s Donors.
Jerry and his wife both donated a total of $4800 each for Congressman Longs Campaign.
The House Ethics rules page 150 second paragraph clearly state that “…No solicitation of a campaign or political contribution may be linked to any action taken or to be taken by a Member or employee in his or her official capacity.
House Ethics Rules Page 162 of 456 of PDF
In other words, Congressman Long may have violated house ethics rules and the acceptance of a contribution in this circumstance and may violate a provision of the federal gift statute (5 U.S.C. § 7353) or the criminal statutes on bribery and illegal gratuities.
A second charge under this statute would be the $5,000 Dollar ‘donation’ to Longs campaign from the National Auctioneer Association and Congressman Longs sponsored Bill that called for an ‘National Auctioneer Day’
Last but not the least, Congressman Long should have been included in the top 50 richest members of Congress and may have misled or lied to the FEC and The House in his financial statements.
From the beginning of Congressman Long candidacy, once the threshold of raising five thousand dollars is met, all candidates are required to disclose their personal financial situation. Congressman Long owned several businesses that engaged in auctioning and real estate sales. He also publicly stated that he owned one third of the largest real estate company in southwest Missouri.
That would be Murney Associates.
According to the Sec. of State’s office in Missouri, Congressman Long was president and owner of Billy Long Inc. until his election to office, when his wife took over the business. This is key because all the while he was a candidate, he stated on his financial disclosure forms that he was the only one owning and controlling Billy Long Inc. that he claimed was worth between $2-30k
Billy Long Inc. owns 1/3rd of Murney Associates according to the Missouri Sec. of States office corporate web search site. see here
According to RSIMedia, the nations go-to website for anyone in the real estate business, in 2009 when Congressman Long started his campaign, Murney Associates was on a Half Billion Dollar rip, $655,507,132 to be exact, (see here) and was ranked at number 81 of America's Power Brokers.
From the years '08 '09 & '10, Murney Associates had gross sales in excess of $1.8 Billion
Considering just the '09 data, and doing some quick math, it can determined that after paying commissions on the gross and before paying for the lights and staff on four building, worth about $1million each, it would equal about $12-14 million, net $10-12 million.
Using the standards for business worth: assets plus Price vs. Earnings ratio (P/E) of say 10 to 1, (GE is 16 to 1), That would put Murney Associates estimated worth of $100 million which Congressman Long owned one third during that time. Based on that information his Billy Long Inc. is estimated worth between $15-30 Million. Not the pittance he stated on his financial disclosures.
All of these things may set him up for House Censure, perjury charges, and federal indictment for taking, according to House rules and the U.S.C., a bribe from a donor in return for Congressman Long moving his Official Office into his owned property, not to mention his potential involvement in election tampering.
When the people of Southwest Missouri, find out this info, Mr. Longs days in D.C. may be numbered if any of these allegations are true.
Thursday, August 18, 2011
Philly Fed: The Choice Corner is Now!!!
Reference material borrowed from The Ticker Guy (Karl Denninger).
We have arrived folks. The many convoluted early-20th century financial instruments have been set up and matured, the timer was beeping through the 70's, then a mini-spark went off in 2008. Keeping things on a national level, the diffusion index has dipped sharply. What's a diffusion index? Investopedia defines it as:
A measure of the percentage of stocks that have advanced in price or are showing a positive momentum over a defined period. It is used in the technical analysis of stocks.
So having a sagging diffusion index is generally not good for an area; as both the current outlook and future outlook are not optimistic. Stock prices showing growth generally indicates a good level of employment and great demand for the product that the companies that issue the stocks provide. Also the local housing markets have an impact on this index as well; since happily employed workers can afford these houses and fill them with nice stuff. The diffusion index that the Philly Fed issues in the upcoming chart is a average of all companies.

Notice how the forecast is much more optimistic than current activity? But that's actually not the main thing I want you to pay attention to. Take a look in the grayed in area of the chart between 07 and 09. That was the diffusion index during the collapse of '08. Notice how the current levels are dipping down to those older levels? What can we draw from this?
Well, there are several conclusions that I came up with (feel free to add your own in the comments):
Heap all that on top of a helping of garbage housing market and bunk markets from Europe and you'll draw some ultimate conclusions as to why the markets sagged roughly 450 points yesterday. On a side note: Check this SEC investigation of S&P; the government thinks they can smack S&P around for giving sub-prime mortgages the ol' AAA rating while downgrading ours.
What am I leading to? It's time to stop listening and start doing!!! What do I mean by "doing"? Well, anything you can think of! If your idea of doing is grabbing all the metals you can and wait for hyperinflation, do that! If your idea of doing is getting these politicians to do something, than do it (though in my humble opinion it has been a long time since we can rely on a politician for change)! Put some good people in the Senate next year! Is slowly weening yourself from all paper financial systems your idea of "doing"? Well, it's never too early to start! Simple networking is good too. The conscious of this area is awakening, I can feel it every time I leave work for lunch. Less people talk sports and more people talk about the Constitution, what's good for the country, how to change the direction, and so on and so forth.
The Execution of Seal Team 6
POSTED BY ANN BARNHARDT - AUGUST 6, AD 2011 4:08 PM MST
You're damn right I said it.
On May 5th I had an email conversation with a retired military man with spook contacts. All were in total agreement that the Bin Laden episode was pure theater. The SEALS were sent into a compound as evidenced by the lost chopper on site. But Osama Bin Laden wasn't in that compound. Osama Bin Laden has been dead for years. Bin Laden had a genetic condition that caused renal failure (this genetic condition is common among deeply inbred Saudi arab muslims). Bin Laden had been on dialysis BEFORE 9/11. Dialysis is difficult enough for people in first world countries who can have it done in outstanding facilities. Bin Laden was having it done either in caves or in homes post 9/11. People in renal failure having dialysis done in fricking caves do NOT live for ten more years. Period. There was no dialysis equipment found in the compound the SEALS raided on May 2. Of course there wasn't. Bin Laden wasn't in that compound because Bin Laden has been dead for years.
This is why the "body" was declared "positively identified" faster than any known DNA testing process in existence - and this DNA testing was carried out not in a lab mind you, but inside Chinook and/or V-22 Osprey helos en route to the USS Carl Vinson. The body was then dumped into the Indian Ocean in a mad dash to ensure that "burial" took place within 24 hours of death in order to "honor" musloid burial traditions. Not a single picture of the so-called "Bin Laden corpse" has ever been released - and never will.
The entire Bin Laden episode was stagecraft. It was pure theater that was designed to give Obama a boost in the polls and give distraction and cover. Distract from what? Cover from what?
April 20, 2011: The release date of Dr. Jerome Corsi's book, "Where's the Birth Certificate" is announced as May 17, and pre-sales begin on Amazon.com. Corsi's work is known to be extremely thorough and meticulous. Within hours, Corsi's book is #1 on Amazon.com - fully 28 days before its release. The Obama regime is panicked.
April 27, 2011: In order to diffuse and undercut the Corsi book, the Obama regime releases a PDF image purported to be a scan of his original long-form Hawaiian birth certificate. Within hours, thousands of graphic designers, many of whom are self-professed Obama voters and supporters, isolate and demonstrate with dozens of objective proof sets that the PDF released by the Obama regime is not just a forgery, but an astoundingly incompetent and obvious forgery.
April 27 through May 2: The Obama regime is now in a blind panic. Deeming it too risky, instead of commissioning the forged birth certificate from document and photo illustration experts within the CIA or NSA, the Obama regime instead farmed the project off on someone inside the White House with a functional but middling knowledge of photo illustration programs. To the thoroughly inexpert eyes of Barack Obama, Michelle Obama and Valerie Jarrett, the forged certificate file appeared extremely convincing, and was thus released with fanfare. Within hours, they knew that they had not only made a mistake, but a massive mistake that could land them all in prison. The forger was so incompetent that he/she didn't even flatten the image thus compressing and masking the component layers before posting it. And that was just the tip of the iceberg of glaring flaws and errors. The mainstream press was, so far, completely complicit in the cover-up of the forgery, but Rathergate proved that if the forgery debunking generated any mainstream traction whatsoever, the end could come swiftly. The Obama regime needed a big distraction and they needed it fast. They had been planning on holding the staged Bin Laden capture and killing until 2012 - for the thick of the campaign, and perhaps as an "October Surprise", but it would have to be moved up to now.
May 2, 2011: The Bin Laden operation occurs. In all likelihood, a low-to-mid level Taliban or insurgent leader is killed.
May 3, 2011: Within hours, Vice President Joe Biden destroys any notions of OPSEC and bellows to the entire world in public remarks at a dinner at the Ritz Carlton that the Bin Laden raid was carried out by "the SEALS". Within hours Obama regime had gleefully leaked that the raid was carried out by "SEAL Team 6", also known as DEVGRU. Up until this point in history, all DEVGRU activities and information had been highly classified. Now the term "SEAL Team 6" was blasted across every newspaper in the world, with Disney even moving to trademark the name. The Obama regime wanted the ENTIRE WORLD to know the name "SEAL Team 6".
May 5, 2011: As I said earlier, I conversed with retired military contact with spook contacts regarding the obvious theatrics of the Bin Laden episode and the need for a cover-up by the Obama regime. The conversation ended with the following exchange: Ann: I'm on the US Military casualty email list. It would be NO PROBLEM to "hide" casualties. It's a steady stream out of Afghanistan.
Contact: look for training accidents in the eastern mountains.
May 6, 2011: Obama travels to Ft. Campbell, KY to openly "meet and congratulate" SEAL Team 6 members. This receives huge press coverage, and the press declares the incident "a huge boost [for Obama] going into 2012." Video citation here:
Full Post and video here: Barnhardt.biz - Commodity Brokerage
THE EXECUTION OF SEAL TEAM SIX (PART 2)
POSTED BY ANN BARNHARDT - AUGUST 6, AD 2011 4:07 PM MST
August 6, 2011: A Chinook helo is shot down in Tangi, Wardak Province, Afghanistan. Within hours, before family notifications could possibly have been completed, global press accounts positively confirm that 22 of the 30 Americans killed were not just SEALS, but members of SEAL Team 6. Again, DEVGRU operations have been, up until now, highly classified. Today, the Obama regime made a point of immediately revealing the unit identities of the SPECOPS forces among the dead.
In the past, DEVGRU men and other SPECOPS men have been killed in action, but their missions were so secret and so crucial to OPSEC that their deaths were covered-up by the government and attributed to such things as "training accidents" and the like - and I have no problem with that. These men understand going in to intense units such as DEVGRU that OPSEC is paramount, that they will never be publicly acknowledged for their heroism, and that if they are killed or captured in action, the government will lie about that in order to protect OPSEC and to prevent the enemy from gaining a propaganda and morale coup. Compare that reality with what happened today. The Obama regime distributed this information, and the Obama regime's lapdog press instantly splashed headlines declaring this as the Taliban's "REVENGE" for the "death of Bin Laden." As I write this now, the Drudge Report headline in bright red reads, "REVENGE: SEALS WHO GOT OSAMA KILLED IN AFGHANISTAN."
I'll say what everyone else is thinking but is too scared to say. The Obama regime is almost certainly directly complicit in these deaths. The time, location and most especially, the PASSENGERS in the Chinook were passed to the Taliban. Additionally, you can't take out a Chinook with small arms fire or even standard RPGs such as the Taliban use. The Taliban needed serious weaponry to take this helo down, and that serious weaponry needed to be in exactly the right spot at exactly the right time, ready to fire.
Why would the Obama regime kill Americans? I think the question is, why WOULDN'T the Obama regime kill Americans? The Obama regime is composed of Marxist-Leninist psychopaths. A glancing, superficial survey of 20th century history shows one glaring fact above all others: MARXISTS MURDER PEOPLE WITHOUT COMPUNCTION. Marxists also hate Americans, by definition.
Three tacks:
1. The men on board the Chinook may have been the same men who participated or had direct knowledge of the staged Bin Laden raid and were killed to permanently silence them. See my email exchange of May 5 above.
2. These DEVGRU men were killed to send a signal to the surviving DEVGRU men who carried out the Bin Laden raid to keep their mouths shut.
3. Certainly, the release of the unit identity of the dead within hours - before even family notification could have been made (which requires an IN PERSON visit to the family, remember) was an obvious bow to Al Qaeda, the Taliban and the entire muslim world. This event was INSTANTLY propagandized by the Obama media as "revenge" exacted for Bin Laden's death. And remember, Bin Laden has been dead for many years. The raid of May 2 was pure stagecraft to distract the world from the release of the forged Obama birth certificate.
I am not a conspiracy theorist. I can't stand Alex Jones or any 9/11 truther. I have turned down dozens of interviews with such types. In fact, I am a huge believer in the Lex Parsimoniae, which is sometimes called "Occam's Razor", which states that the simplest explanation is most likely the correct one. I teach this as part of my job, namely that the cattle markets are neither manipulated nor impossible to operate within at a profit. The reality is that the cattle industry participants do not make money because they are functionally incompetent. It is very, very simple. True conspiracies are very rare.
This entire Obama situation is a conspiracy, and I say that without the slightest hesitation. Obama is not a citizen of the United States, he is a puppet front for a cabal of Marxist-Leninists including Soros, Ayers, Dohrn, Strong, Jarrett and many, many others. These people are enemies of the United States. These people are deeply psychologically damaged, and are capable of ordering people murdered in order to protect themselves and increase their own power. The three dead homosexual black men from Trinity United Church of Christ, Young, Bland and Spencer, all of whom were sexually linked to Barack Obama, were probably the first people specifically murdered by the Obama regime. The hundreds of Mexicans and the two American agents Terry and Zapata were murdered by Operation Fast and Furious in order to advance and increase the power of the Obama regime. These SEALS and the others on board that Chinook today were almost certainly betrayed and murdered by the Obama regime.
Why did the Obama regime immediately reveal the unit identity of the SPECOPS forces involved in the first place, despite the fact that DEVGRU was highly classified? Why was the personnel composition of the Chinook released IMMEDIATELY today after the helo went down - before even family notifications could be made? WHY? Why would you hand your enemy, Al Qaeda and the Taliban, a massive propaganda coup? WHY?
I'll tell you why. Because the Obama regime IS THE ENEMY. They are Marxist tyrants who hold the lives of Americans not just cheap, but in scathing contempt. They will say anything, they will do anything, and they will murder ANYONE in order to protect themselves and consolidate and increase their power. Please, I beg you, for the love of God and all that is good in this world, read the history of the Soviet Union. Read about Lenin and Stalin and how they murdered people without any hesitation. Read about how Hitler was constantly ordering the murder of his own officers. Read about Communist China. Read about Mao and the millions upon tens of millions of murders he ordered. Read about the killing fields of the Communist Khmer Rouge in Cambodia led by Pol Pot. PLEASE. Marxists MURDER PEOPLE. That is what they do. The Obama regime is MARXIST to the bone. If the Obama regime is not stopped, the 30 Americans murdered today in Afghanistan will be just the beginning. I promise you that.
Here, again, is the clip of Larry Grathwohl, who infiltrated the Weather Underground Marxist terrorist organization in the 1970s. The Weather Underground was founded by Obama's political godfather, communist mentor (along with Frank Marshall Davis), murderer, and ghostwriter of "Dreams From My Father", Bill Ayers and his wife Bernardine Dohrn. In this interview, taped in 1980 while Obama was still just an unknown undergrad foreign scholarship student at Occidental College, Grathwohl describes the leadership of the Weather Underground (which is Ayers and Dohrn) discussing what will be done with the "unreformable, diehard capitalists" once they have overthrown the government of the United States. The answer is extermination in camps in the Southwest. The estimated total that would need to be killed? 25 million, which was 10% of the population at the time. Ayers & Dohrn already have overthrown the government of the United States via their puppet protégé, Barack Obama. They have guaranteed that the economy will collapse. The only thing left for them to do is suspend the Constitution and open the camps. I'll see you there!
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