Veil Of Politics
Why is it that nobody ever mentions in stories like this the fact that the US dollar is supposed to be the tool with which American’s, and all holders, PRESERVE their wealth? Most American’s still don’t realize that if they put $1000 in the bank, that the purchasing power is less when they withdraw it because of the Fed using the dollar as an instrument of control rather than a store of value to be preserved…
If this were brought up, the very basis of these debates would need to change.Go get yourself gold and silver bullion cause the dollar is likely to collapse by 2012 as many forecasters predict
On September 11th $550B Was Withdrawn From Your Checkbook!
How does one save a political party, that continues the failed system used by France, England, Holland, in other words Europe?
One uses slight of hand. Its very simple when working with an audience that is addicted to MSM (main stream media) who are also supporting the defunct system of federal government controlling your lives. On September 11th, the Government simply hid $550B USD of your money and of course they sent out their pied piper to ‘alert’ everyone by not going onto the MSM to do so.
I think $550,000,000,000.00 is worth at least a foot note on Fox News or CNN. I can understand why not on MSNBC, NBC, ABC, as it is controlled by G.E. and the CEO is in tight with Obama. Yet even at $550B absconded in less than 30 minutes, it tells us it was not a sell out by investors, but rather a controlled and well timed absconding.
As of today there has been no convincing answers for such a dramatic absconding. As of today, there has been nothing but presumption and assumptions. As of today and as with many important issues, there has been complete silence from the Democratic Party/Obama.
As of today this issue when studied critically fails to hold any context, any consistency, any confirmation, yet it does appear to have several witnesses to this issue. IOWs, those elected in the controlling party such as Barbara Boxer, Christopher Dodd, Nancy Pelosi, Barny Frank, Charlie Schumer, Barack Obama, have offered no answer.
This did happen on President Bush’s watch and about 3 weeks before election day 2008. Republicans if they knew, certainly did not want to say anything to hamper John McCain. Could it have been the Republicans? If it was and they had ulterior motives, I would think it would have broken into MSM. As it is and with behind closed door meetings on this subject and no one reading the current stimulus/spending bill before votes (to shut out Republicans) my guess is to make the Democratic Party look productive with a nation controlled by the Government/Democrats instead of the Government controlled by the States/Republican.
“Obama Budget Aims to Cut Deficit in Half by End of Term
President Obama’s 2010 federal budget proposal relies on war spending cuts and taxing the rich to reduce the deficit”
Isn’t this an interesting bit of news from Mr AKA; Obama?
We have $550B USD spirited away in less than 30 minutes September 11, 2008 and then before his first term is over, $533B (Fox News) is back into our Checkbook. “Its like a promise we can’t refuse”, especially when all he did was use slight of hand with our own money. How rue is that for electing charlatans. But IS HE HOPING we forget or will he fulfill his prophesy?
WASHINGTON. D.C. – House Committee on Oversight and Government Reform Ranking Member Darrell Issa (R-CA) and Financial Services Committee Ranking Member Spencer Bachus (R-AL) sent letters today to Treasury Secretary Timothy Geithner and the Special Inspector General for the Troubled Asset Relief Program (TARP) Neil Barofsky calling for an “audit of the formation, content and operation of these [AIG] trust arrangements and the degree to which the public can be confident in their ability to hold the trustees available.”
The AIG Credit Facility Trust Agreement was established to manage the government’s ownership stake in AIG and charged three trustees with the responsibility to manage and dispose of the taxpayer’s 80 percent share in AIG.
“It is not clear how the American people can hold the AIG Trustees accountable for their actions. While the trustees have the discretion to exercise full control over AIG, since the American taxpayers own nearly 80 percent of its shares, the trustees cannot be fired if their decisions conflict with the preferences of government officials,” Issa and Bachus wrote. “This raises a troubling and urgent question: who can the American taxpayers hold accountable if the trustees make a decision that is not in their best interest?”
Issa and Bachus also noted that the “lack of transparency and accountability in the operation of the AIG Trust is particularly relevant if Treasury moves forward with a similar trust agreement for its interest in Citigroup.”
“If the AIG Trust is going to be the model for the delegation of the management of the public’s shares in Citigroup and other bailed out companies, the American people have a right to know how these trusts are going to be designed, how they will operate, and how the trustees can be held accountable,” Issa and Bachus wrote. “President Obama has repeatedly promised an unprecedented level of transparency and accountability for his Administration’s bailout efforts. Once again, the American people are not getting what they promised.”
Click Here to view Ranking Member Issa and Bachus’ letter to SIGTARP Barofsky
Click Here to view Ranking Member Issa and Bachus’ letter to Treasury Secretary Geithner