Oh Oh Canada!

Bank of Canada governor Mike Carney feels that Canada's "economy is in good shape to weather a global recession." Well, let's look at some of the facts!

• Canada's S&P/TSX composite has tumbled 22% since June, and in the U.S. the DOW has been falling for a year declining more than 25% so far.
• Ordinary Canadian's rely heavily on the spending of ordinary American's to prop up our economy, with 76% of Canada's exports flowing to the U.S. in 2007.
• Every 1% decline in cross-border trade with the U.S. pulls about $3.5 billion out of Canada's economy. Spending by Americans declined this summer - the first time that has happened since 1991.
• Already manufacturers in Ontario and Quebec are hurting from the slowdown.
• Forestry firms in the West are hurting from the slowdown.
• Economists Douglas Porter at BMO Nesbitt Burns and Benjamin Tal at CIBC World Markets have warned seperately that a deep U.S. recession will drag down Canadian real estate prices.
• Nouriel Roubini, a professor of economics at New York University, in a note to his clients this past Monday, stated that "we are in a generalized panic mode, and back to the risk of a systematic meltdown of the entire financial system."
• Already banks around the world have written off more than US$350 billion in bad loans and Roubini projects that number could rise as high as US$1.5 trillion.
• Peter Schiff, president of Euro Pacific Capital in Connecticut predicts that the current financial crisis will be worse than anything we've faced in our lifetimes. He describes a depression so severe that it would forge a "new economic order", with sharply higher interest rates, a weaker American dollar, surging prices and shortages of consumer basics.
• Canada's GDP will shrink at a 0.4% annualized pace this quarter compared to a July prediction of 1.8% growth. There is very little or absolutely no expansion predicted in the first quarter of 2009.
• In Toronto, at 10:42am on Oct 23/08 the Canadian dollar weakened to C$1.257U.S. Earlier the currency dropped as much as 1.6%.
• Falling prices for crude oil.
• Tighter consumer lending.
• The gap between the yield on 1 month commercial paper and BOC's key rate was 55 basis points on Oct 22/08 down from a peak of 78 basis points on Oct 03/08.
• BOC's projection for 2009 consumer spending growth has been revised from 2.3% (July/08 forecast) to 1.5%.
• Business investment will decline 0.2% next year instead of growing 0.5% as predicted in July/08.
• Total inflation increased 3.3% in Sept./08 from a year earlier.
• The inflation rate was 3.5% in August/08, the fastest in more than 5 years.

Don't automatically drink the Bank of Canada's and Ottawa's Kool-Aid! Become informed ...get the real story yourself and then take whatever action you can to protect yourselves and your families as best you can!

Pay particular attention to the so called "Quadrillion Dollar Derivatives Deathstar." There is a wealth of good information available on this impending financial Armageddon.

Bank of Canada Babble.

This past Tuesday, Bank of Canada governor Mike Carney, made the statement that "the economy is in good shape to weather a global recession, although growth will be anemic for the next six months."

What a breathtaking statement to make, when in fact a steadily increasing number of the world's most knowledgeable financial analysts and economists are making a solid case for a total world-wide economic meltdown and collapse. This is a far cry from a recession!

What insight, based on the present and anticipated continuing future financial crises, does Mr. Carney have that would lead him to be speaking in terms of a recession rather than a full-blown depression?

I would argue that Canada's economy will not be strong enough to weather the coming "perfect financial storm." I will address this in my next series of posts.

Perhaps Mr. Carney would care to let us know just how Canada will survive the anticipated imminent implosion of what, in investment circles, is now being dubbed as "The Quadrillion Dollar Derivatives Deathstar" which when it blows, its toxicity will send every major economy into the abyss.

By the way, prior to Mr. Carney's appointment, he had a 13 year career with Goldman Sachs (remember them) eventually becoming a Managing Director of the firm.

I, for one, am not drinking any of Mr. Carney's Kool-Aid anytime soon!

The Presidential Campaign Clothes Wars.

Just some trivia for your next water cooler conversation ...

• Sarah Palin wore a $2,500 Valentino jacket at the Repub Convention.
• Barack Obama wears Hart Schaffner Marx suits that retail for about $1,500.
• John McCain consistently wears $520 Salvatore Ferragamo loafers.
• Cindy McCain wore an outfit estimated to cost $313,100 including diamond earrings and pearl necklace.
• 2007 Democratic Presidential candidate John Edwards paid for two $400 haircuts.

Is there a point to this post? No not really ... I just found this trivia interesting in a National Inquirer sort of way.

Power Shopping Palin!

I would guess that we all know by now that the Republican Party, the party that promises to stop the excesses in Washington, spent $150,000 in 2 months on clothes, hair styling and accessories for Sarah Palin and her family from such "joe six-pack" and "joe the plumber" stores as Saks Fifth Avenue and Nieman Marcus.

Who knew that being a hockey mom could be this expensive!

Lois Brown is just Not Worth the Risk!

I first began blogging about Lois Brown in February 2007 as Lois contested Kirk West for the Conservative party nomination for the federal riding of Newmarket/Aurora. Originally my impetus for blogging was that, in my opinion, Kirk West represented a young man who was chock full of great and very innovative ideas on how to serve riding constituents and as such was light years ahead of anything that Lois offered. His campaign slogan of "Not The Same Old Same Old" said it all! On the other hand, it was readily apparent, even to the casual observer, that Lois Brown was devoid of any original or innovative ideas. Lois' concept of an original thought was the robotic repetition of the Conservative mantra of the day. Quite okay if you're sucking up to leadership, but not nearly enough to break down the walls of a traditional and historic Liberal stronghold.

As the nomination race "heated-up" a number of bloggers began leaving comments in response to my posts alleging various improprieties and possible wrongdoings by Lois, all of which were corroborated, and then published on my blog. It is very important to stress that not once did Lois Brown challenge or respond in any way to these very serious allegations.

Rather than turning this into a very lengthy post, I would urge you to visit my archives starting with my first Lois Brown on Feb 10/07. Here are a few highlights;

• a comment was left by a blogger accusing Lois and the former Alliance party riding association of improprieties and possible wrong-doings in the actual voting process during the vote which nominated Lois as the Alliance candidate. As well the final vote count was never announced nor has it ever been made public. Lois has never responded nor commented on this allegation.
• during her 2007 nomination campaign, Lois' old web site stated that she was endorsed by Frank Klees. One blogger posted that Frank Klees was not endorsing either Lois or Kirk. Another blogger challenged Lois to produce evidence of Frank Klee's endorsement which she never did. A third blogger stated that Frank Klees had fired Lois while she was working for him. Lois has never responded nor commented on the supposed endorsement.
• allegations surfaced in her 2007 nomination campaign that Lois was given preferential access to the Conservative party riding membership list by the executive of the riding association supposedly to "renew lapsed memberships." Kirk West was never asked to help in resigning lapsed members at that time. Lois had the membership list for at least 5 months prior to the nomination vote, making trips to Ottawa to deliver signed members, while Kirk received his copy with just weeks left before the vote. Lois has never responded to this allegation, nor has the executive of the riding association.
• on the night of the nomination vote Lois Brown's people felt it ethical to plaster all four walls of the auditorium with her campaign material, in addition to covering the backrests of every single chair. It was only after Kirk West arrived and initially was unable to display his material, that someone instructed Lois' people that they were only entitled to use 2 walls only. The bottom line was that enough space was cleared for Kirk to display one sign and leave a synopsis of his vision for the riding on most of the chairs.
• On the night of the nomination vote, Stephen Somerville then the president of the riding association, in his opening remarks openly endorsed Lois from the podium prior to the candidates speeches and before the vote. Two Questions .... is this legal and ethical? Secondly .... why Stephen?

Personally, the most interesting aspect of this entire fiasco is that somewhere along the way, some nitwit or a collection of nitwits within the Lois Brown campaign ... maybe Lois Brown herself apparently began to feel uncomfortable with my blogs .... and suddenly the accusation was made that I ...Robert Otto was not Robert Otto at all. These matrons of the logically challenged suddenly deduced that Robert Otto was Kirk West.

They had arrived at their conclusion because, after scrutinizing the membership list(s), and telephone directories they were unable to find a listing for Robert Otto. Obviously it had never occurred to them that I might not be a registered member of the Conservative party (which I'm not) or that I could have an unlisted telephone.

Rather than Lois Brown confronting me directly to challenge and repudiate my allegations Lois' people began to send me juvenile emails asking .... "that I reveal myself because I could be easily working for Belinda Stronach" ... that "I'm hiding in the shadows and suffering from a small man complex" ... and that "I should expose myself otherwise everything on my blog may as well be an urban legend" ... URBAN LEGEND ....oooooooh .......I like that!

It is also my understanding from several sources that apparently sometime after Lois Brown defeated Kirk West she asked for a meeting with Kirk to discuss the Robert Otto blogs. She was still firmly convinced that Kirk was me. Apparently Lois and a number of her disciples grilled Kirk at a coffee shop...... HATS OFF TO KIRK FOR EVEN ATTENDING THAT MEETING. PERSONALLY I WOULD HAVE TOLD LOIS TO TAKE A FLYING FADOO. But that's just me ...I'm plain Cantankerous.

I also understand that Kirk has now been in effect blackballed from the party by Lois Brown.

LOIS ........ENOUGH IS FINALLY ENOUGH !!!!!!!!!!

I will not stand by any longer as you run rough-shod over other people with your Gestapo-like tactics. Kirk West has never done one single solitary thing to harm you. As a matter of fact he even went so far as to step aside when you asked him to so that you could lose to Belinda Stronach in the last election. Did he also not campaign for you????? You should be ashamed of yourself if only you knew how.

You have impugned the integrity and reputation of a fine young man. Kirk deserves a public apology from you and from all of the others who participated in defaming him.

LOIS I challenge you to meet me ..... Robert Otto ...Not KIRK WEST. We will meet in the same coffee shop and you can bring as many people as you wish. I will bring two members of the press because quite frankly I can't trust you to tell the truth after the meeting is over. I will answer all of your questions and you will answer all of my allegations. Once were done you can make the trip to Kirk West's house and apologize.

LOIS .... MY NAME IS ROBERT OTTO ..... AND YOU'RE 15 SECONDS OF FAME ARE UP!!!!

Just email me with your contact information and I will be there.

The Bail-Out of Wall Street Will Not Bail-Out Main Street!

The claims by Bernanke (Fed) and Paulson (Treasury) that the best way to open-up the credit markets is to recapitalize financial institutions through buying-up their toxic waste has absolutely no basis in fact.

This method of recapitalization is a total rip-off of Americans ... pure and simple! All this plan does is to provide a massive bail-out of the common and preferred shareholders and unsecured creditors of banks and other financial institutions and will do very little to open credit markets. Because at the end of the day, even assuming that all of the toxic waste has been snapped-up by your tax dollars, a large number of banks will still remain under capitalized, as they have been since 2007.

Also, it does nothing to resolve the severe stress in money markets and interbank markets which are now on the edge of a systematic meltdown. It does little to resolve the debt burden of millions of distressed homeowners, and the cost of borrowing $700billion to Americans will go right through the roof.

Paulson's Plan is a total and unmitigated disgrace. If its intent was to Bail-Out Main Street instead of the gypsies, tramps and thieves on Wall Street, then why have we not seen simple, yet cost-effective strategies, such as;

• public injection of preferred shares into distressed financial institutions.
• the mandated matching of capital by current shareholders to ensure that shareholders take the first loss. Why should non-investors be on the hook for reckless behaviour. They haven't speculated nor invested money so why should they now have to cover investor losses. Doesn't sound like a free market economy to me.
• suspension of all dividend payments.
• conversion of some of the unsecured debt into equity via a debt for equity swap.

In this way shareholders and creditors are forced to contribute to the recapitalization of affected financial institutions, and now, the $700billion bailout becomes a $350billion taxpayer bailout with only 50% used to buy toxic assets with the other 50% taking the form of public capital injection.

It is absolutely pathetic that the only financial strategy which Congress is looking at is Paulson's and Bernanke's Plan. Unless both are the world's foremost financial minds, Congress should also be seeking the advice of world-class economists and financial experts on behalf of the American people, to evaluate alternative plans which could possibly be more efficient and less costly in resolving this huge crisis.

In my opinion, the bottom-line on the bail-out package, as it currently stands, will privilege the gains and socialize the losses!

Caught between a Rock and a Hard Place of their Own Making.

This is where the U.S. government sits tonight. Whichever way Congress moves on the bail-out or as the spinmeisters are now labeling it ...the rescue package ... the fools on capitol hill will be facing their constituents in a no-win situation.

If they adopt the bail-out package, Congress will be accused of bailing out the Wall street psychopaths and sociopaths while sticking the American public with yet another Ponzi-scheme from the bankers.

If they don't adopt the plan and the credit markets freeze, sending the U.S. economy down the tubes, they will be blamed for that as well.

The fact of the matter is that Congress deserves its ultimate destiny. These pompous, self-serving, do-nothing, fat-cats sat on their collective butts and allowed this financial mess to happen. All of this mess could have been so easily avoided if THEY HAD DONE THEIR JOBS. If they had actually cared one iota about the American public whom they were elected to serve and not destroy!

Even the slightest amount of regulation and oversight could have prevented all of this. But no, the cowboys on the Hill completely and effectively deregulated Wall street allowing all of the corporate gypsies, tramps and thieves to excess America to death.

Tonight the Congress, Bush, Bernanke, Paulson, et al; continue their charades and theatrics. On the one hand Bush, Bernanke and Paulson are stating that a financial Armageddon will happen if the bail-out isn't approved.

On the other hand Congress appears to be balking. They claim that they need more time to deliberate the the implications and ponder alternative plans and modify the current proposal to make it more palatable to voters.

Forget about making your "solutions" more palatable to American's!!!!

Grow a back-bone and do what's right!!!! Quit rolling-over like little puppies every time some financial scum-bag or lobbyist offers you a bone!

If American's are left "holding the bag" for a mess which they didn't create, then every incumbant in Washington should be fired (voted out of office) because they did not do their job and as a result placed every single American in harms way.

Obama and McCain are right. Washington does need a change ... and that change should begin by giving every single politician their walking papers.

Palin Will Not file her Ethics Reports untill After the Palin-Biden Debate.

Sarah Palin received a 4 day extension on her federal financial disclosure report. Now her report will be due by Oct. 03/08, with the Federal Election Commission also stating that Palin could extend the due date even further - to Oct 06/08 if she requested still more time.

Trevor Potter, general counsel for the McCain-Palin campaign, told the Federal Election Commission that the campaign thought that it had until Oct 04/08.

Presidential, vice-presidential and congressional candidates must all file ethics reports outlining their assets and liabilities. That includes income, investment properties, stocks and debt.

As of now, Palin intends to release her disclosure report on the day AFTER her debate with Joe Biden in St. Louis. Hmmmmm!

Riddle me this Batman .... if John McCain filed his ethics reports before the deadline, then how on God's green earth could their be any confusion at all as to the due date of Palin's report?

Presumably Palin has a battery of accountants, lawyers etc., to complete these documents and ensure that they are submitted on time. It's not as though Sarah is sequestered in a log cabin somewhere in Alaska filling out these reports by the light of a kerosene lamp.

So my question is a very simple one. Is the Republican campaign so incompetent that they become confused by due dates, or is there more to this story than meets the eye? Stay tuned!

Just a thought .... if Sarah Palin and her people are incapable of submitting one single report to the American people on time because of apparent confusion by something as simple as a due date, then why would Sarah feel that she could help run an entire country without becoming confused?

U.S. Election Junk Talk #2: from the Candidates, their Spin-Meisters and Hangers-On.

FORMER ARKANSAS GOV. MIKE HUCKABEE said:

"Sarah Palin got more votes running for mayor of Wasilla, Alaska than Joe Biden got running for president of the United States."

THE FACTS:

In the 1996 mayoral election Palin garnered a total of 616 votes. In her 1999 re-election race she received 909 votes. My abacus tells me that over 2 elections Palin received 1,525 votes.

As you will recall Joe Biden dropped out of the race after the Iowa caucuses, but still received 76,165 votes in 23 states and the District of Columbia where he was on the ballot during the 2008 presidential primaries.

Palin with 909 votes ....... Biden with 76,165 votes ........ hmmmmmm!

CONCLUSION: Either he told one "doozie" of a lie, or poor Gov. Mike is severely mathematically challenged. I would hope that it was the latter!

U.S. Election Junk Talk #1: from the Candidates, their Spin-Meisters and Hangers-On.

FORMER MASSACHUSETTS GOV. MITT ROMNEY said:

"We need change all right - change from a LIBERAL Washington to a CONSERVATIVE Washington! We have a prescription for every American who wants change in Washington. Throw out the big government LIBERALS, and elect John McCain and Sarah Palin."

THE FACTS: Newsflash Mitt - George "Wuh" IS A CONSERVATIVE REPUBLICAN who has been president for almost 8 years, and those "looney Democrats" have only been in charge of the House and Senate since January 2007.

Question: So who exactly are those big government Liberals you want run out of Dodge?

Sorry ... you are the winner of the first annual TWITT Romney Award!

John McCain's McLying Game

Oh John, John, John ... you little maverick you! Big talk about wanting to be the new sheriff in town who has come to clean-up wild, wild Washington! Well giddy-up pardner!

It seems as though Sheriff John McCain, with his ten gallon hat and eleven gallon head, is not much different than the rest of those bad boys in Washington.

McCain started his campaign expressing his hope that the presidential campaign would not become sleazy. Well "holy talking out of the both sides of your mouth Batman." In fact, McCain's lies have traveled the full spectrum from annoying to the sleazy. Even the New York Times editorial board are calling John McCain a liar!

Let's check out some of the things which Sheriff McCain has said;

• 38 million American's heard Obama say in his speech at the Democratic National Convention that he was open to off-shore oil-drilling and the building of new nuclear-power plants. Then McCain in his own acceptance speech said that Obama was opposed to both of these potential options. Perhaps not a lie and just a senior moment.
• McCain is big on talking about supporting and protecting American workers. Yet Sheriff McCain supported the foreign buyout of an American company in Wilmington, Ohio which led to the loss of thousands of jobs.
• McCain says that Obama favors a government-run health-care system ... another lie! In fact Obama wants a market-based system subsidized by the government whereby there would be increased government regulation of the drug and insurance industries.
• McCain really turned sleazy when he ran a television ad claiming that Obama favored "comprehensive" sex education for kindergartners. In fact Obama favored a bill that would have warned kindergartners about sexual predators and improper touching. A big difference wouldn't you say?
• Obama, in talking about McCain's effort to remarket his economic policies, said that it was like putting "lipstick on a pig" McCain then accussed Obama of referring to Sara Palin. My personal opinion is that if the lipstick fits ..........couldn't resist that cheap shot.
• McCain is accussing the "elite media" for spreading rumors about Palin's personal life. In fact Palin rumors are originating in the blogosphere and the tabloid press.
• McCain has been contrasting his ALLEGED FOREIGN POLICY EXPERTISE and toughness with Obama's inexperience and alleged weakness. McCain wants to "win" the Iraq war and face down the Iranians. Then a funny thing happened on the way to the forum. The Iraqis said that they favored Obama's withdrawal plan, and surprise of surprises, Bush and the Boys started talking to the Iranians. So what does McCain do? He questions Obama's patriotism. saying that Obama would rather lose a war than lose the presidential election. HuH???
• When the financial crisis blew-up in America's face this week, Sheriff McCain in all of his sartotial splendor and righteous indignation promised, that when he went to Washington as president, he would clean-up all of the gypsies, tramps and thieves on Wall Street through stringent government over-sight and increased regulations. The trouble is that over the years Sheriff McCain has been one of the biggest proponents of deregulating Wall Street. In fact, John McCain was an effective gog in the wheel which set the financial deregulation table in the first place so that the Wall Street psychopaths in their Armani suits could dine like kings ... only this week they are dining-out on the taxpayers tab!

These are but a few examples. John McCain's campaign has been a never ending series of demeaning ads and a daily dose of widely documented and exposed McLies! This from a man who claimed that this was the type of election campaign which he did not want to run in the first place.

In my opinion, John McCain has raised serious questions about whether he has the character needed to lead America out of its current difficulties and challenges.

When a military "hero" is prepared to lie and to wallow in the mud in order to become president, he is not the principled maverick which he claims to be, but rather just another part of the sorry, self-serving Washington crowd which he claims not to be a part of. And that is probably the biggest McLie of all!

Putting on a Brave Face but the FDIC is Quaking in its Boots!

I watched Sandra Thompson from the FDIC on CNN this morning assuring viewers that their deposits of up to $100,000 are "safe and sound" because they are insured by the Federal Deposit Insurance Corporation (FDIC).

Well folks, here are the straight goods!

In actual fact, the FDIC has only ONE-CENT in reserves for every dollar that it is responsible for ... ONE PENNY ON THE DOLLAR! As of today, the FDIC is responsible for insuring $8.6 TRILLION DOLLARS OF YOUR MONEY! You do the math.

The FDIC lacks the capital to fully insure your money. If the banking system continues to crumble, the U.S. government will be forced to BAIL-OUT the FDIC with funds which the government DOES NOT HAVE!

They will have to create more debt by printing and selling more bonds to meet the demand, which will then become the obligation of American taxpayers. My gosh, what a surprise!

Since these bonds will be immediately monetized they will be highly inflationary.

The possibility of Washington Mutual (WaMu) joining the ranks of the bankrupt has the FDIC quaking in its boots. With WaMu being the nation's largest savings and loan, a bankruptcy puts $310 billion in assets at risk, making the FDIC liable for stepping up to the plate. The question is, will they even have a bat?

Ron Paul says No to John McCain!

Ron Paul has rejected John McCain's appeal for his endorsement.

Paul said; "the idea was that he (McCain) would do less harm than the other candidate."

I must say that John McCain missed a golden opportunity to hold his tongue!

Dion and the Looney Liberal's Green Shift.

As we all know by now those loveable, intellectually challenged, Liberals revealed their party's carbon tax plan today.

The Liberal's head Dunce, party leader Stephane Dion said that his plan - The Green Shift - is "as powerful as it is simple."

Personally I agree with Mr. Dion ... the plan is simple! But then again what else would you expect from the simpletons occupying the opposition benches.

I leave the analysis of The Green Shift to my esteemed fellow bloggers and pundits, save for this one simple question. Afterall a simple plan demands a simple question.

Mr. Dion, please cite me just one instance in the entire illustrious history of Canada where any tax of any kind, at any time was revenue neutral. That dog simply don't hunt!!

The Green Shift is in fact The Green Shaft and you my friend are giving us the gears!!!

Dennis Kucinich moves to Impeach George W. Bush

kucinich.house.gov

Kucinich Contact: (202) 225-5871

ARTICLES OF IMPEACHMENT OF PRESIDENT GEORGE W. BUSH

Dennis J. Kucinich of Ohio

In the United States House of Representatives

Monday, June 9th, 2008

A Resolution


ARTICLES OF IMPEACHMENT FOR PRESIDENT GEORGE W. BUSH
Resolved, that President George W. Bush be impeached for high crimes and misdemeanors, and that the following articles of impeachment be exhibited to the United States Senate:

Articles of impeachment exhibited by the House of Representatives of the United States of America in the name of itself and of the people of the United States of America, in maintenance and support of its impeachment against President George W. Bush for high crimes and misdemeanors.

In his conduct while President of the United Staes, George W. Bush, in violation of his constitutional oath to faithfully execute the office of President of the United Staes and, to the best of his ability, preserve, protect, and defend the Constitution of the United States, and in violation of his constitutional duty to take care that the laws be faithfully executed, has committed the following abuses of power.

ARTICLE I

Creating a Secret Propaganda Campaign to Manufacture a False Case for War Against Iraq.

ARTICLE II

Falsely, Systematically, and with Criminal Intent Conflating the Attacks of September 11, 2001, With Misrepresentation of Iraq as a Security Threat as Part of Fraudulent Justification for a War of Aggression.

ARTICLE III

Misleading the American People and Members of Congress to Believe Iraq Possessed Weapons of Mass Destruction, to Manufacture a False Case for War.

ARTICLE IV

Misleading the American People and Members of Congress to Believe Iraq Posed an Imminent Threat to the United States.

ARTICLE V

Illegally Misspending Funds to Secretly Begin a War of Aggression.

ARTICLE VI

Invading Iraq in Violation of the Requirements of H.J. Res114.

ARTICLE VII

Invading Iraq Absent a Declaration of War.

ARTICLE VIII

Invading Iraq, A Sovereign Nation, in Violation of the UN Charter.

ARTICLE IX

Failing to Provide Troops With Body Armor and Vehicle Armor.

ARTICLE X

Falsifying Accounts of US Troop Deaths and Injuries for Political Purposes.

ARTICLE XI

Establishment of Permanent U.S. Military Bases in Iraq.

ARTICLE XII

Initiating a War against Iraq for Control of That Nation's Natural Resources.

ARTICLE XIII

Creating a Secret Task Force to Develop Energy and Military Policies With Respect to Iraq and Other Countries.

ARTICLE XIV

Misprision of a Felony, Misuse and Exposure of Classified Information And Obstruction of Justice in the Matter of Valerie Plame Wilson, Clandestine Agent of the Central Intelligence Agency.

ARTICLE XV

Providing Immunity from Prosecution for Criminal Contractors in Iraq.

ARTICLE XVI

Reckless Misspending and Waste of U.S. Tax Dollars in Connection With Iraq and US Contractors.

ARTICLE XVII

Illegal Detention: Detaining Indefinitely And Without Charge Persons Both U.S. Citizens and Foreign Captives.

ARTICLE XVIII

Torture: Secretly Authorizing, and Encouraging the Use of Torture Against Captives in Afghanistan, Iraq, and Other Places, as a Matter of Official Policy.

ARTICLE XIX

Rendition: Kidnapping People and Taking Them Against Their Will to "Black Sites" Located in Other Nations, Including Nations Known to Practice Torture.

ARTICLE XX

Imprisoning Children.

ARTICLE XXI

Misleading Congress and the American People About Threats from Iran, and Supporting Terrorist Organizations Within Iran, With the Goal of Overthrowing the Iranian Government.

ARTICLE XXII

Creating Secret Laws.

ARTICLE XXIII

Violation of the Posse Comitatus Act.

ARTICLE XXIV

Spying on American Citizens, Without a Court-Ordered Warrant, in Violation of the Law and the Fourth Amendment.

ARTICLE XXV

Directing Telecommunications Companies to Create an Illegal and Unconstitutional Database of the Private Telephone Numbers and Emails of American Citizens.

ARTICLE XXVI

Announcing the Intent to Violate Laws with Signing Statements.

ARTICLE XXVII

Failing to Comply with Congressional Subpoenas and Instructing Former Employees Not to Comply.

ARTICLE XXVIII

Tampering with Free and Fair Elections, Corruption of the Administration of Justice.

ARTICLE XXIX

Conspiracy to Violate the Voting Rights Act of 1965.

ARTICLE XXX

Misleading Congress and the American People in an Attempt to Destroy Medicare.

ARTICLE XXXI

Katrina: Failure to Plan for the Predicted Disaster of Hurricane Katrina, Failure to Respond to a Civil Emergency.

ARTICLE XXXII

Misleading Congress and the American People, Systematically Undermining Efforts to Address Global Climate Change.

ARTICLE XXXIII

Repeatedly Ignored and Failed to Respond to High Level Intelligence Warnings of Planned Terrorist Attacks in the US, Prior to 911.

ARTICLE XXXIV

Obstruction of the Investigation into the Attacks of September 11, 2001.

ARTICLE XXXV

Endangering the Health of 911 First Responders.

Why is Michael Reagan still on the Air?

Remember when Don Imus referred to members of the Rutgers women's basketball team as "nappy headded hoes?" Every major TV network, radio program, ink-stained wretch and social activist such as the Rev. Al Sharpton were all over Don Imus and his employer untill Mr. Imus was fired.

When Rush Limbaugh made a comment about black quarterbacks not being as good as white quarterbacks on ESPN, the usual suspects came jumping out of the woodwork and Mr. Limbaugh was forced to resign.

Granted, both comments were inappropriate and in poor taste. But how about Michael Reagan?

Seems that Ronald Reagan's adopted son was "bent out of shape" because a gentleman by the name of Mark Dice was sending "9/11 truth material" to U.S. troops.

So last week, on his nationally syndicated show Regan stated ........

........ "we should find the people who are doing this, take them out and shoot them." "You take them out, they are traitors to this country, and shoot them." "You have a problem with that? Deal with it! You shoot them! You call them traitors, that's what they are, and you shoot them. I'll pay for the bullets."

Oh my gosh Martha, there goes another Bushite/McCainanite falling off the back of a turnip truck!

Where's the hue and cry from the elitist corporate media in America clamoring for Mr. Reagan's firing? Where are the Al Sharpton's of the world or would they only kick-up a fuss about Reagan if Mr. Dice were not white?

Why has Mr. Reagan not been fired? I suppose that it wouldn't have anything to do with Mr. Reagan being a boot-licking Washington insider. Is it true that Mr. Reagan carries a box of tissues with him as he follows around his Repub cronies in the event that they stop too quickly?

Michael Reagan has gone beyond poor taste. He in fact has broken the law. Under California's Penal Code 422, it states:

Any person who willfully threatens to commit a crime which will result in death or great bodily injury to another person with the SPECIFIC INTENT THAT THE STATEMENT MADE VERBALLY, IN WRITING, OR BY MEANS OF AN ELECTRONIC COMMUNICATION DEVICE IS TO BE TAKEN AS A THREAT EVEN IF THERE IS NO INTENT OF ACTUALLY CARRYING IT OUT, which is on its face and under the circumstances in which it is made is so unequivocal, unconditional, immediate and specific as to convey to the person threatened a gravity of purpose and an immediate prospect of execution of the threat and thereby causes that person reasonably to be in sustained fear for his or her own safety, or for his or her immediate family's safety ..............SHALL BE PUNISHED BY IMPRISONMENT IN THE COUNTY JAIL NOT TO EXCEED ONE YEAR OR BY IMPRISONMENT IN THE STATE PRISON.

Interesting that Mr. Reagan, a prominent Republican, has not yet been charged! Seems that he will continue to air his dirty laundry over the airwaves instead of the laundry detail at Levenworth.

John McCain Feels Your Pain!

EADS manufactures the Airbus. Recently the Defense Department awarded a $35 billion contract to EADS instead of to Boeing to build air fleet tankers.

By so doing, 44,000 well-paying U.S. jobs will now be winging their way to the Europeans ... but John McCain feels your pain!

It didn't seem to matter to John McCain and to the other Bozo's on the Beltway that the Boeing model is a more capable aircraft. That it produces 25% less carbon dioxide and offers a 24% fuel savings - fuel which you will be paying for courtesy of your income tax ... but John McCain still feels your pain!

John McCain (R-AZ) played a crucial role in blocking the deal going to Boeing!

Now if this wasn't stupid enough, after the deal was done and the contract for $35 billion was being handed over to the Europeans, your federal government has now decided to aggressively pursue legal action against EADS at the WTO for getting grants and loans at unfairly favorable rates, using illegal subsidies and winning exemptions from key national security laws .... outstanding due diligence fella's ... but John still feels your pain!

Is this another example of John McCain's Presidential ability? Oh Oh!

To suggest that John McCain and the deal-makers at the Defense Department are a bunch of idiots would be an insult to idiots!

An Army of Parasites!

A Blogger by the name of Paula (I'm sorry I do not have her last name) hits the nail on the head.

"The Credit Crunch is being spoken of as an act of God, but it of course was created by the banks. Some argue that the gullible should not have been sucked in, but if plausible striped-suit prestidigitators want to wander down the street throwing bundles of money into the air for us to catch it's a strong character who refuses them."

"They are responsible for the vast house price inflation throughout most of the world because it was in their interests to inflate - the bigger the loan the bigger the commission, the bigger the cut for lawyers, the builders, the real estate agents, the whole vast army of parasites feeding on a single host, housing."

"But now the host is dying and the parasites will die with it. A few corpse-feeders will do well; the pawnbrokers are already smiling, the lawyers are rapidly shifting to bankruptcy work."

"It has all been a wonderful scam in which we were all conned into thinking we had some money... we didn't. And, as it turns out, nor did they. The bundles they were throwing at us were illusory - money made out of thin air."

"Now they want their funny money back and will be disappointed when we give them our illusory wealth (our devalued houses) instead."

California Dreaming - Hardly!

The California city of Vallejo (population 117,000) has just made history by opting for Chapter 9 bankruptcy because of severe tax erosion resulting from a 26% decline in local house prices. Half Moon Bay might very well be next.

Orange County board chief John Moorlach is quoted as saying that "this is the tip of the iceberg; everybody is going to line up for Chapter 9 in California."

California Dreaming is about to become a nightmare!

The Elitists are Destroying America while Congress does Nothing!

Here's what the elitist psychopaths have managed to destroy so far!

• They have destroyed the real estate industry and have put millions of people out of work.
• They have caused a faltering U.S. economy.
• They have created an insane national debt with an equally insane trade deficit transforming America from the world's greatest creditor nation to the world's greatest debtor nation within the space of one single solitary decade.
• They have driven oil to levels that will decimate the entire world economy despite abundant domestic reserves of oil.
• They have created hundreds of trillions in derivatives that have virtually no collateralization, thus threatening the entire world financial system.
• They have inflated American's out of their wealth. Now there is very little left to spend to drive the U.S. economy.
• They have created the perfect financial storm which will suck America into a catastrophic hyperinflationary recession followed by a deflationary depression the likes of which have never been seen before in the entire history of the U.S.
• They have created trillions upon trillions in entitlements that cannot be possibly paid without reducing all of your benefits or drastically increasing your taxes.
• They have perpetrated one fraudulent financial scheme after another creating a credit crunch that threatens to annihilate bank capital.
• They have caused the price of food to skyrocket in America and food riots to break out around the globe while giant "agro-corporations" are earning record profits.
• They have plans to nationalize all the financial losses caused by Wall Street fraud and then put the Fed, and not the Government, in charge of the entire U.S. financial system when in fact their buddies at the Fed have been the root cause of virtually every problem in the American financial system!!!

This is the monster which both the domestic and global elitists have created. My hope is that their monster eats them alive. Yesterday would not be soon enough.

My New TV Reality Show - "The Last Man Standing"

Going to pitch this show to Mark Burnett the creator of Survivor. The premise of the show is quite simple:

(1) We take every president, vice president, prime minister, king, queen, dictator, despot, general, jihadist etc., ... in other words every head of state and the leaders of terrorist organizations around the globe who are in the business of causing wars, conflicts, and tortures in our world ... and drop them off on a deserted island somewhere in the South Pacific ... preferably on an island that has been previously used for nuclear testing.

(2) We arm each and everyone with as many weapons as they want. They can be conventional weapons, bacteriological, chemical, nuclear, laser ... in other words every single weapon which these Bozo's of Death have ever caused to be created.

(3) These leaders can create their own armies, if they wish, by recruiting their own family members to help them do battle. Can't remember if any high ranking politician's sons or daughters have ever served their country on the field of battle, or just served cold ones in their mansions in the Hampton's.

(4) They will have 7 days to fight each other, face to face, for what they "supposedly believe in" instead of giving orders for others to fight and die for reasons which have clearly been fabricated. Can you imagine president Bush slugging it out with the president of Iran. Or Prime Minister Harper of Canada kicking the stuffing out of Osama bin Laden? Damn, that would be twice as exciting as Ultimate Fighting. Let's get Vince McMahon involved!

(5) The last man standing will be declared the winner and his prize will be that he will own and control the world.

We already have Haliburton and the usual military defense contractors as sponsors.

Kaboooooom ..... Let the games begin!

The U.S. vs Iran; Some More Dots to be Connected

Large U.S. naval, air and marine forces are on their way to beef-up the Fifth Fleet in the Persian Gulf and Middle East. They include 2 nuclear aircraft carriers with assault troops on board.

A majority of the "beltway bozos" are betting against Bush risking a major new war in the short time remaining to him as the president and Dick Cheney as the co-president, especially in light of the upcoming November election.

But a strong minority believe that Bush will pull the trigger and order American armed forces to go forward.

According to DEBKAfile, a respected Israeli internet news site, a U.S. military source has advised them to keep a close eye on America's military movements in the region for clues, because a concentration this heavy must have a definate purpose.

The words of President Eisenhower, reported in the New York Times on April 17, 1953 are truer today than they were more than half a century ago:

A life of perpetual fear and tension; a burden of arms draining the wealth and the labor of all peoples; a wasting of strength that defies the American system or any other system to achieve the true abundance and happiness for the people of this earth.

Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.

This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children.

We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people.

This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity, hanging from a cross of iron.

Go ahead and connect the dots ... 'sure ain't a pretty picture!

Planet Earth to: Clinton, Obama and McCain

It's time that the three presidential hopefuls stopped shoveling-out the back of their manure trucks.

Enough already with the tripe, fluff, platitudes, accusations and mud that the 3 amigos have been slinging.

Enough already with the dreams, the experience, the phone calls at 3 in the morning .... blah, blah, blah, blah!

America is in very deep trouble and she needs a PRESIDENT WITH STONES who will tell American's just how deep the pile is that they are currently standing in and how America will get out of it.

I haven't heard any one of the presidential candidates offer specific solutions to;

• putting the brakes on the price of oil which is skyrocketing to levels that will inflate everything out of sight.
• putting a stop to price fixing amongst the big oil companies.
• increasing refinery capacity to reduce prices at the pumps.
• food prices which continue to skyrocket thus putting a huge damper on family spending. Between 2006 - 2007, food prices have soared 40%. That's just plain criminal.
• the bio-fuel scam.
• speaking about scams, when is a future President going to shut down that privately owned corporation known as the Fed - see my series on the Fed.
• this year's accelerating inflation rate.
• medical insurance and health care costs which are heading for the stratosphere.
• no new home equity lines of credit being offered.
• existing lines of credit being shut down.
• 2.5 trillion in losses to U.S. home values so far.
• the destruction of the U.S. dollar around the globe.
• the trillions in losses which are about to hit the U.S. economy from the imminent collapse of prime mortgage-backed bonds and derivitives.
• to prevent taxpayers from being taken to the cleaners by having to pay for the bailouts of investment banks, failed financial institutions and the bankruptcy of government mortgage-insuring, deposit-insuring and pension-insuring agencies.
• to prevent hyperinflation.
• to prevent the national debt from doubling and tripling over the next decade.
• to stop the off-shoring of American jobs
• to call out Bush and Cheney on their plan to start yet another war this time in Iran. Heaven help us all. After 5 years, billions of dollars and over 4,000 lives, the United States of America can't even control the city of Baghdad ... one single solitary city... never mind the country of Iraq. How incompetent is that?

This list could be much longer but the hour is late and I'm becoming more agitated and cantankerous. Let me just end this blog by saying that when it comes to any one of the 3 presidential hopefuls intelligently addressing any one of these few issues and presenting a viable solution, the silence has been quite deafening!

America you deserve better than Obama, Clinton or McCain.

The Cantankerous Conservative pays his Canadian Taxes!

April 17, 2008

Dear Revenuers at Revenue Canada,

Enclosed and/or attached, you will find my 2007 tax return showing that I owe $3,407.00 in taxes.

Please note the attached article from the Toronto Globe and Mail newspaper; dated 12 November, wherin you will see the Canadian Department of National Defense is paying $171.50 per hammer and Fisheries and Oceans Canada has paid $600.00 per toilet seat for its icebreakers.

As payment, I am enclosing eighty (80) toilet seats valued at $2,400 and 35 hammers valued @ $1,029, which I secured at Canadian Tire (because I couldn't find the Government's supplier), bringing my total remittance to $3,429.00

Please apply the overpayment of $22.00 to the "Stephan Dion Election Fund," as noted on my return.

You can do this inexpensively by sending Mr. Dion one (1) Phillips Head screw (see aforementioned article from The Globe and Mail detailing how the Department of Public Works pays $22.00 each for 1.5" Phillips Head Screw. One Phillips screw is enclosed for your convenience.

I would consider it a personal favour if you could inform Prime Minister Stephen Harper that I have now opened "Robert Otto's House of Hardware and Toilet Seats" and am looking forward to chatting with his common-sense-impaired purchasing officers as I believe that I can supply the government with $750.00 toilet seats, $225.00 hammers and $35.00 Phillips Head Screws.

It has been a pleasure to pay my tax bill this year, knowing that my hard earned tax dollars are being spent so wisely, and I look forward with great anticipation, to paying you even more taxes next year.

Sincerely,
Robert James Otto

PS: Don't forget to tell Stephen about "the crapper collars."

Clinton, Obama and the Flying Pigs.

Both Clinton and Obama talk a lot about the lobbyists and special interests in Washington. Well just how powerful are these "babblers of balderdash?" Here are some interesting facts from the Center for Responsive Politics which tracks lobbyist spending on their OpenSecrets.org website.

• Lobbyists spent a record $2.79 billion in 2007.
• Every day that Congress was in session they spent $17 million to lobby lawmakers.
• Health interests spent more on federal lobbying than any other economic sector - $444.7 million.
• Finance, insurance and real estate was second, spending about $418.7 million.
• Combined, pharmaceuticals and health products shelled out $227 million for lobbying services, or an average of $1.4 million dollars for each and every day of the 164 days that the 110th Congress met in 2007.
• The drug industry has spent $1.3 billion on federal lobbying over the last 10 years, more than any other industry.
• The computer/internet industry spent $110.6 million.
• Hospitals and nursing homes at least $90.5 million.
• In 1998 Total Lobbying Spending was $1.44 Billion.
• In 2007 it was $2.79 billion

So when Clinton and Obama look into the television cameras with a "steely eyed" determination and promise to "reign-in" all those nasty and horrible special interests in Washington ... I say of course you will ....WHEN PIGS FLY!

Does Obama Walk His Talk?

Barack Obama has lambasted lobbyists and moneyed interests in his speeches.

Meanwhile behind his rhetoric, Obama stands out as being the most active of the Democratic presidential hopefuls, with a dozen tariff suspension bills to his name benefiting various corporations.

Hillary Clinton has co-sponsored 19 bills that were introduced by Senator Charles Schumer, D. N.Y.

Only former 2008 presidential hopeful, GOP longshot candidate Sen. Sam Braunback, Kan; had introduced more tariff suspension bills than Obama. Senator Sam had 30 of them.

It's sad how CHANGE can be nothing more than more of the same-old same-old!

Cha Ching in Congress!

• According to FedSpending.org 151 current members of Congress invested between $78.7 million and $195.5 million in companies that received defense contracts of at least $5million in 2006.
• The defense contractors received more than $275.6 billion in government contracts. That works out to $755 million dollars per day.
• The return for Congressional investors yielded them between $15.8 million and $62 million in income from 2004 through 2006 through dividends, capital gains, royalties and interest.
• Members of the Senate Foreign Relations and Armed Services committees had between $32million and $44 million invested in companies with DOD contracts.
• The average share price of these corporations today is nearly twice what it was in 2004.

John McCain suggests that the Iraqi war could last another 10 years. Oh my ... belly-up to the trough boys!

Gen. Rick Hillier described the Taliban as Detestable Murderers and Scumbags!

General Rick Hillier, the outspoken chief of Canada"s defence staff, will step down in July.

Here's what I like and respect about General Hillier:

• He was an exceptional "soldier's soldier" and a military leader who put the welfare of his troops above all.
• He was recognized as one of the most charismatic and visible Canadian military leaders.
• He rarely pulled punches in his support of the military.
• General Rick Hillier refused to be muzzled by his political masters in Ottawa.
• He built a reinvigorated military after years of neglect by Ottawa.

General Rick Hillier was loved by his troops because he had the guts to always stand-up for them!!

• He told it like it was, describing the period of budget cuts to the military that began in 1994 as the decade of darkness.!

He told it like it is describing the Taliban as detestable murderers and scumbags.

General Hillier, I thank-you very much for your exceptional service to Canada, and may God Bless you sir!!!

Is Washington's Iranian Trigger Finger Getting Itchy Again?

Is the U.S. ramping-up to hit Iran? Follow the timeline and come to your own conclusion!

February '08

• The U.S. started purchasing oil for its Strategic Petroleum Reserve. The reserve of crude oil which is stored in underground salt domes stood at 96.2% capacity. But the government is topping it right up.
• Imad Mughniyah, a leader of Hezbollah, was assassinated by a car bomb in Syria.

March '08

• Washington dispatched the USS Cole to Lebanese coastal waters. Shortly after that, it was replaced with two escorts from the Expeditionary Strike Group (ESG). They are still there.
• The Israeli's announced that they would be carrying out a military exercise in April ... Code Name - Turning Point 2.
• After the announcement the Syrian's deployed 3 divisions (two armored, one mechanized) to the Lebanese-Syrian border in the Bakaa Valley, the western part of which is Hezbollah's stronghold.
• Dick Cheney visits Oman, Saudi Arabia, Israel and Turkey, all whose co-operation the U.S. will need if they were to attack Iran.
• German news service DPA is reporting, that according to reliable sources, after Dick Cheney's visit to Oman the Saudi Shira Council is preparing "national plans to deal with any sudden nuclear and radioactive hazards that may affect the kingdom."
• Jerusalem was notified at the last minute by the White House that they were to prepare themselves for lengthy and exhaustive discussions on Iran with Cheney and his aides.
• Israel's defense cabinet was convened to decide which of Israel's military plans of action were to be presented to Cheney.
• Admiral William Fallon who was quoted as saying that "there will be no attack on Iran on my watch" resigned (was removed) as U.S. Chief of Central Command
• U.S. nuclear submarines along with another aircraft carrier attack group have been dispatched to the Persian Gulf.
• The U.S. is deploying anti-missle defenses to protect U.S. bases and Saudi oil fields.
• According to Novosti, the Russian News & Information Agency, Russian Colonel General Leonid Tivashov said "the latest military intelligence data point to heightened U.S. military preparations for both an air and ground operation against Iran." "The Pentagon is planning to deliver a massive air strike on Iran's military infrastructure in the near future."
• General David Patraeus declares that Iran is responsible for a major attack on Baghdad's Green Zone and the main driver of violence in Iraq.
• U.S Treasury Department's Financial Crimes Enforcement Network (FinCEN) set in motion a process that could make any bank or financial institution in the world that does business with Iran subject to complete exclusion from the U.S. financial system.

April '08

• Israel commences Turning Point 2 which is the largest exercise in Israeli history and includes the calling-up of reserves. The official explanation is that the exercise is designed to test civil defenses and the ability of the national command to continue functioning in the event of an attack with "unconventional weapons."
• Israeli Defense Minister Ehud Barak canceled a scheduled visit to Germany at the last minute.
• Damascus has deployed the 10th Armed Corps. at the Massaneh crossing of Mount Herman. Syrian troops are now strung along a continuous crescent shaped line from the central Lebanese mountains up to southeastern Lebanon.
• The Lebanese government has started to evacuate some civilians from the south.
• Hezbollah has apparently gone on alert and mobilized its forces and is buying-up weapons and rockets.
• The U.S. Navy claims that it turned away Iranian speed boats in the Persian Gulf. Iran denies reports of the confrontation.
• General Patraeus tells Congress that Iran is the cause of the Iraqi insurgency. Blames Iran for the outbreak of fighting in Basra and Baghdad and charges that they were providing funds, training, arms, ammunition to so-called "special groups."

If it looks like a duck, walks like a duck, sounds like a duck ... chances are it's a duck.

If it looks like war, feels like war, sounds like war ......... chances are .................................

Here's the Garden Path that the Financial Psycopaths on Wall Street have been Leading you Down!

Banks and mortgage brokers have been "sucking" people into ARM's (Adjustable Rate Mortgages)

Unaffordable rate resets on ARM's and declining home values lead to mortgage defaults.

Which lead to the erosion of collatoral values on mortgage-backed derivatives.

Which lead to asset devaluations.

Which lead to bank insolvencies.

Which lead to the tightening of credit and increased interest rates to remove and compensate for increased risk.

Which leads to a decrease in home demand because of fewer qualified buyers and higher loan costs.

Which leads to current homeowners who are now unable to trade-up.

Which leads to declines in new homebuilding.

Which leads to job loss in the building trades and businesses which supply homebuilders.

Which reduces wages.

Which reduces consumer demand.

Which fuels a recession.

Which causes the Fed to now lower interest rates.

Which causes the Fed to expand the money supply and credit availability to avoid a recession.

Which causes inflation as money supply expands.

Which causes an erosion of wages and buying power.

Which causes a further reduction in consumer demand and spending.

Which causes a further reduction of qualified home buyers.

Which causes a further reduction in the demand for housing.

Which causes a further erosion of real estate values.

Which causes a deeper recession.

Which causes the Fed to further expand the money supply.

Which causes the interest rate to be lowered even more.

Which causes even greater inflation.

Which causes the Fed to now raise interest rates to stop the economy from totally imploding.

Which causes the cost of business to drastically increase.

Which causes corporate profits to be drastically reduced.

Which causes the cost of home ownership to drastically increase.

Which causes further reductions of real estate values.

Which causes increased loan defaults.

Which causes the recession to deepen.

Which causes the stock markets to crash and burn.

In my opinion, the War on Financial Terror should be fought right now against the psycopaths on Wall Street, the dishonest brokers, bankers, credit rating agencies, the political eunuchs in Washington and against the SCAM known as the Federal Reserve.

For it has been through the nefarious actions of these people, that the U.S. and large parts of the world, will be propelled into the greatest economic depression that the world has ever seen.

The Cantankerous Conservative Poll Results

This month we ran two polls; one for my American readers, the other for my Canadian readers. Here are the reults:

The first poll asked ... "Which of the front-running Presidential candidates do you believe has the skills necessary to "turn-around" the American economy? This is how you voted:

Clinton 3.7%
McCain 25.9%
Obama 29.6%
None of the Above 40.8%

The second question asked; "If you are a Canadian, which one of the Presidential candidates do you believe would be most beneficial to Canada from an economic perspective? This is how Canadians voted:

Clinton 13.3%
McCain 40.0%
Obama 6.7%
None of the Above 40.0%

Hold your Noses, Here Comes the Fed Again!

The J.P Morgan Chase buyout of Bear Stearns stinks to high Heaven .... here's why!

• The Fed says that Bear Stearns (BS) was headed for bankruptcy. How strange that Bear's officers and directors received billions of dollars in bonuses just before the sale to J.P. Morgan (JPM) ... what's that strange smell?
• Then the Fed announces that they were going to open the discount window to Goldman, Lehman, Morgan and others. But guess what? Nobody at the Fed bothered t0 tell BS ... that strange smell is getting stronger!
• If BS was about to get vaporized, why didn't the Fed offer the $30 million dollars directly to BS as opposed to backing JPM's purchase of BS for a pittance? The straight answer is that the Fed wanted BS to go down! .... that strange smell is now becoming overpowering.
• New York Stock Exchange rules supposedly prevent any one from buying more than 20% of a company without a shareholder vote. JPM bought 39.5% of BS without bothering to talk to the shareholders ... now that strange smell has become a stench which is wafting towards the Heavens.
• The Fed overstepped its legal boundaries .... what else is new! It did not provide liquidity to the banking system, but rather, it went far beyond that by putting up a $30 billion dollar non recourse loan to JPM to ensure the solvency of a non-bank entity. Bear Stearns is not a bank. It's an investment (excuse me while I guffaw) bank.... the stench is almost at the Pearly Gates.
• FYI...FYI...FYI...FYI... J.P. Morgan is the Federal Reserves largest SHAREHOLDER!!!! Oh my, you don't think that there could be any connection here do you?
• As I have documented in my previous posts, the Fed is neither Federal nor a Reserve ... it is in fact the biggest scam of all time! .... now their stench has definately risen higher than Heaven itself.

Did Billary Clinton Mispeak or Mislead?

Okay so it's my turn to take a "kick at the cat." Normally I would have just let this incident "go quietly into that dark night." But the more that I watched Billary's "cheshire cat grin" as she fielded questions about her Bosnia incident, the more cantankerous I started to become.

As you already know, last week Hillary stated that as First Lady, she and her entourage came under direct sniper fire upon landing at the Bosnia Airport in 1996, and that they all had to run. "with our heads down" to the safety of vehicles parked on the tarmac.

But news footage of the visit showed an apparently relaxed Billary greeted on the tarmac by a welcoming group that included an eight-year-old-girl. No evidence of snipers anywhere! Could this really be?

Then in a subsequent statement Billary said that the long grind of the presidential campaign had caused her to "misspeak" about the circumstances of the visit.

Billary said, "I made a mistake and, you know, I had a different memory. And you know, my staff and others have, you know, all kind of come together trying to sort it out." Well here's what I know Mrs. Clinton.

First things first!

• To MISSPEAK means: to speak or pronounce incorrectly... as in "The actor misspoke his lines."
• To LIE means: to give a false impression; anything that serves or is meant to give a false impression ... as in, "I did not have sexual relations with that woman, Ms. Lewinsky."

Secondly, Billary uses as her defense, the long grind of the presidential campaign causing her to misspeak. In other words, "the devil made me do it" defense." Poor baby! A year on the road campaigning has worn her down to the point where sometimes she misspeaks.

So, to my cantankerous mind, the logical extension to her defense is that during the long 4 year grind as President we can expect "a whole lot of misspeaking going on." Oh what the heck, that only puts her on par with other presidents!

Thirdly ... do you believe for one New York second that the secret service would allow her plane to land in Bosnia if there was even the remotest possibility that it would come under sniper fire or any other potential threat. We're talking about the First Lady and her daughter here folks. (Duuuuh)! Don't you think that the various secret services would have swept and secured the perimeter long before the plane landed? And if, by some miracle, snipers were to have breached the perimeter, do you believe that Hillary and Chelsea would have been exposed to running across the tarmac with, as she claimed, bullets whizzing around their heads.

Item 4 ... Billary claims to have "a different memory" of the Bosnia incident....really! Let me ask you this folks. If someone was shooting at you and your daughter don't you think that the specifics of the incident would have been burned into your mind forever without any confusion?

Love the next comment. Billary went on to say; "my staff and others have, you know, all kind of come together trying to sort it out." This is interesting. What does "kind of come together" mean? You have either come together for a purpose or you haven't. You are either pregnant or you're not. Don't believe that you can be "kind of pregnant."

Notice that Mrs. Clinton states that it is her staff and "others" ... who are the others ...that have kind of come together. Why is Hillary not part of this "sorting-out" equation. Is this what America can expect from Billary as president, in terms of personal credibility, taking ownership, responsibility and leadership. When the proverbial s_ _ _ hits the fan will the clean-up be left to her staff and others to kind of come together and try to sort it out? Hmmmmm.

What is there to sort out? If her staff and others were on the trip to Bosnia then they would know exactly what happened. If they weren't, it's quite simple to identify who was on the plane with Hillary and Chelsea and determine what really happened.

It's not rocket science. Either they were fired upon ... or Billary was playing "meet and greet" on the tarmac, all the while grinning like a Cheshire cat!

Did Hillary Clinton misspeak or did she out-and-out lie? You connect the dots!

The Chinese Olympic Torch

Part of the Olympic flame's journey will take it through Tibet to Mount Everest.

The question is whether the journey will take place before or after the Chinese torch Tibet!

Disturbing "Goings-On" in Canada

ITEM: On Feb. 14/08 Canada and the U.S. signed an agreement that paves the way for the militaries from either nation to send troops across each others borders during an emergency.

This deal was never presented to, nor approved by the U.S. Congress, and Canadian Prime Minister Stephen Harper has kept complete silence on the deal. I don't recall this even being on the agenda of Canada's Parliament ... strange!

The only Canadian statement has come from Canada Command spokesman David Scanlon stating, "if U.S. Forces were to come into Canada, they would be under tactical control of the Canadian Forces but still under the command of the U.S. Military."

What kind of gobbeldy-gook double speak is this? Lucy, you got a lot of 'splainin' to do!

ITEM: Next year, on April 2009, there are plans to practice a terrorist-reponse drill in Vancouver led by the U.S. Department of Homeland Security. Code-named TOPOFF5, it will be conducted by Canada, the U.S. and Mexico ... oh my gosh if it isn't the 3 amigos of the Security and Prosperity Partnership of North America (SPP) which proposes the joining of all 3 countries into a single North American Union by 2010 with a possible single currency tentatively called the Amero.

By the way, for those of you who still are not aware of the SPP, which is working towards the deep integration of Canada, Mexico with the U.S., visit the government SPP websites in all three countries. They are chock-full of information, as is the website for the Council on Foreign Relations ,... the prime mover and shaker for a one world government. These folks are making no secret as to what they are up to, so if one day you are caught by surprise, you have no one to blame but yourself.

YOU LOVE CANADA SO YOU NEED TO CHECK THE SPP FOR YOURSELF! There are literally hundreds of websites and blogs devoted to the SPP .... just Google it. The Alberta government SPP website is particularly interesting.

As usual, the Bushwhackers in Washington are moving ahead WITHOUT CONGRESSIONAL APPROVAL. Prime Minister Harper seems to have become a cowboy as he moves ahead with the proposal without any dialogue whatsoever with Canadians! To be fair, I haven't heard a peep from Jack Layton or monsieur Dion either. And what about our "ami" Gilles Duceppe? Interesting ramifications for the sovereignty movement within the context of a 3 nation integration mais non?

Going back to TOPOFF5, does this mean that there will be American and Mexican troops on the ground during the Vancouver Olympics?

ITEM: The most recent audit by the FBI's inspector general documents the growth of FBI operations in Canada since 2001. It shows U.S. agents carrying out investigations without the approval of the Canadian Government.

The FBI has given agents in the Buffalo field office clearance to conduct "routine investigations" up to 50 miles into sovereign Canadian territory and it also says that about 30% of FBI agents crossing the border are doing so without Canada's approval.

Would it be fair to say that 70% of the crossings have Canadian Government approval? Why?

The inspector general's report documents 135 unapproved FBI crossings!

The FBI is a domestic agency mandated to operate within the U.S. Are they crossing Canada's borders because they are geographically challenged, or do they now consider parts of Canada to be domestic?

In view of rampant globalization and increasing talk of a one world government by governments around the world, perhaps these sort of activities are to be now expected. In my opinion they are nevertheless unacceptable and more than a little disturbing!

This Would Make Tony Soprano Proud!

Yesterday I reported that Goldman Sachs, Morgan Stanley and Bear Stearns were under criminal investigation.

Now the FBI has disclosed that criminal investigations have been launched against 17 companies in the fallout of the subprime mortgage collapse.

The FBI Criminal Investigation Division currently has 1,253 mortgage fraud investigations into all types of mortgage fraud and schemes around the country, including illegal property flipping, home equity schemes and check fraud cases.

Tony Soprano's Goodfella's "ain't got nuttin'" on this den of vipers on Wall Street!

Some News about Goldman Sachs, Morgan Stanley, Bear Stearns and J.P. Morgan Chase

In February 2008 Goldman Sachs, Morgan Stanley and Bear Stearns were under investigation by the FBI and the SEC, as well as by the states of New York and Connecticut in the default of mortgage-backed bonds.

They are looking for criminal activity and insider trading in the packaging of subprime loans as securities.

Meanwhile the rumor persists on Wall Street and in Frankfurt, London and Paris that J.P. Morgan Chase has a $4Billion dollar loss on a derivatives trade coming very soon.

Now J.P Morgan Chase pays $2 a share ($270 million) to buy all of Bear Stearns - less than one-tenth the firm's market price on Friday. Only a year ago, Bear's shares sold for $170. The sale price includes Bear Stearn's soaring Madison Avenue headquarters.

The deal for Bear was done at the behest of the Fed and Treasury Department with the Fed approving a $30 billion credit line to help J.P. Morgan do the deal for the troubled firm, which was driven to the brink of bankruptcy by what amounted to a run on the bank.

Isn't it interesting that the Fed, which is a privately owned corporation (see my series: The Federal Reserve is neither Federal nor a Reserve. It is one of the Greatest Scams of Alltime!) was created by 7 men in 1910 at a highly secret meeting on Jekyll Island. Two of these men were; Henry Davison, senior partner of J.P. Morgan Company and Benjamin Strong, head of J.P. Morgan's Banker's Trust who 3 years later became the first head of the Federal Reserve System.

Have You Heard about Project Turquoise?

Project Turquoise is a share trading system which is backed by a group of the world's largest investment banks and allows transactions both on-exchange as well as in "dark liquidity pools" where firms offer to buy and sell large blocks of shares "out of public sight."

One of the many "movers and shakers" leading the charge toward "Exclusive Stock Markets" is Goldman Sachs - the guys who are joined at the hip with the Rothschild banking dynasty.

In May 2007 Goldman Sachs launched a platform allowing an exclusive club of big investors to trade unregistered privately placed securities ... a serious challenge to U.S. equity markets.

Private placement is a big deal amongst the psychopaths in Gucci suits on Wall Street because it provides an attractive alternative for companies that want to raise capital without having to honor the regulatory and disclosure requirements that come with a public listing.

In 2006, $162 billion of capital was raised through unregistered private placements, compared with $154 billion through IPO's which are registered with the Securities and Exchange Commission.

Under SEC rules, companies can sell securities without registering them as long as issues are limited to qualified institutional buyers with at least $100 million of assets and no more than 499 shareholders.

In 2007, Phillip Hylander, co-head of European Equities at Goldman Sachs explained it best ... "Project Turquoise is to be a hybrid that will incorporate a public order book and a non-public book. Project Turquoise will be an aggregator of dark pools."

How very Darth Vaderish!!!

PS: Precious metals and commodities are now the only place to be and all the pros know this, so they are looking to use Project Turquoise before the upcoming election to bail out of their huge paper positions into commodities.

PPS: GET OUT OF ALL NON-RESOURCE STOCKS - NOW!!!!!!!
GET OUT OF ALL DOLLAR DENOMINATED BONDS AND TREASURIES - NOW!!!!!!!

Oh, and by the way, for all those who's mantra has been - Let The Market Decide - which market are we talking about? The visible one or the invisible one?

President Andrew Jackson "Kills" the Bank and the Bankers almost Kill President Jackson!

Episode 12 from: The Federal Reserve is neither Federal nor a Reserve. It is one of the Greatest Scams of Alltime!

Throughout the history of the United States there has been a vicious struggle between central bankers and those who oppose them. In fact, the United States was created out of that struggle.

During a visit to Britain in 1763, The Bank of England asked Benjamin Franklin to explain the new found prosperity in the colonies. Franklin replied:

"That is simple. In the colonies we issue our own money. It is called "Colonial Script." We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money we control its purchasing power, and we have no interest to pay to no one."

The Bank of England was none to happy and so the bankers convinced British Parliment to put a stop to Colonial Script. The Currency Act of 1764 did just that and the Colonial Script was to be exchanged at a rate of 2:1 with Bank of England Notes.

The result was widespread unemployment and economic depression in the colonies!

Twenty-seven years pass and the European bankers start a private Central Bank known as The First Bank of the United States. Secretary of State Thomas Jefferson argues that the bank violates traditional property laws. He goes on to say;

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 and then 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 fathers conquered. The issuing power should be taken from banks and restored to the people to whom it properly belongs."

The First Bank of the United States was given a 20 year charter. In the first 5 years of operation, the American government borrowed $8.2 million and prices rose by 72%. After the 20 year charter expired the government voted against renewing it and the bank closed its doors on March 31, 1811.

Nathan Mayer Rothschild, son of Mayer Amschel Rothschild head of Europe's most powerful banking family was reported as saying that "the United States would find itself involved in a most disastrous war if the bank's charter were not renewed." Five month's after The First Bank of the United States closed the British declared war on the United States. (The War of 1812) allegedly financed by loans from the Rothschild's.

Four years later The Second Bank of the United States was chartered in 1816 ... the European bankers were back!! Andrew Jackson was an advocate of sound monetary policies as outlined in the U.S. Constitution and opposed the central bank system of issuing currency against debt. So he had an investigation done on the bank and discovered "beyond question that this great and powerful institution had been actively engaged in attempting to influence the elections of public officers by means of its money."

On July 10, 1832 President Jackson veteod Congress' decision to renew the charter of The Second Bank of the United States. He said;

"It is not our own citizens only who are to receive the bounty of our government. More than 8 millions of the stock of this bank are held by foreigners ... is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence would be more formidable and dangerous than a military power of the enemy."

In 1835 Jackson paid off the final instalment on the national debt. He was the first and only president to ever accomplish this!

Speaking about the bankers he said;

"You are a den of vipers, I intend to rout you out, and by the Eternal God I will rout you out! If the people only understood the rank injustice of our money and banking system there would be a revolution before morning."

A few weeks later, Richard Lawrence, attempted to assasinate President Andrew Jackson who then told his Vice President Martin Van Buren, "The Bank Mr. Van Buren IS TRYING TO KILL ME."

Richard Lawrence allegedly told several friends that wealthy people in Europe had promised to get him released should he be caught.

The Vast Majority of American's have Never Legally Owed a Dime in Federal Income Taxes!

In doing my research on the SCAM that is the FED, I spent a lot of my time reading the U.S. Federal Income Tax Act ... yes, I'm in desperate need of a life!

Why? Because, as I have already stated, it is the American taxpayer who is the guarantor of the American debt, a debt which is owned by the Fed and by foreign governments.

After you sift through all of the mumbo-jumbo of government-speak the truth, as it will always do, becomes crystal clear and self-evident. After all the truth is the truth!

The Constitution allows Congress to impose a limited, perfectly Constitutional Tax, on income derived from commerce with foreign nations, nonresident aliens, foreign corporations, and in certain cases, citizens and domestic corporations deriving income from sources within possessions of the United States, places like Guam and Puerto Rico. [(26CFR&39.22(a)-1 (1956)]

Over several decades of regulations and ammendments nowhere in the Constitution of the United States is there a provision for domestic income tax to be levied on American citizens by the Federal government. It simply is not and has never been within their pervue!

The well over one trillion dollars ($1,000,000,000,000) of income tax which American's pay each and every year to their government is the largest financial fraud in history. Remember, Congress started dipping their hands into your pockets a few month's following the establishment of the Federal Reserve System. (check-out my previous posts on this subject).

Albert Einstein said that the highest form of arrogance is "condemnation before investigation." So before you dismiss the Cantankerous One as some kind of conspiracy wing-nut, DARE TO FOLLOW the EVIDENCE with an open mind, wherever the evidence may lead. Evidence will eventually lead to the truth and the truth will speak for itself!

What you do or not do with the truth is completely up to you!

PS: Here is an extremely informative web site which will take you through the tax system in a concise and easy to understand manner. I think that you will find "Taxable Income (The Evolution of Deception), a deciphering of the Federal Income Tax Act to be more than a little disturbing.
http://www.theft-by-deception.com/TaxableIncome2007.pdf

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 11: Right From the Horse's Mouth

Here is a quote from Page 2 of Modern Money Mechanics, a publication of the Federal Reserve Bank of Chicago:

"The actual process of money creation takes place in the banks."

Subsequent to that, a quote from Page 8 of Philadelphia's The National Debt, which is also a Federal Reserve Bank publication:

"The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money - almost any amount of it. This power makes technical bankruptcy out of the question."

Federal Reserve member banks are protected from any risk of bankruptcy. Just by keeping a 10% reserve rate in the bank's Federal Reserve Account they are allowed to loan more money than they have. For example, a $10,000 "deposit" allows the bank to lend $90,000 which it does not have and still remain protected.

How? The American public protects the banks from bankruptcy by paying higher prices for goods and services should the Fed have to dilute the money supply by printing sufficient money to prevent the bankruptcy of a bank.