Monday, May 11, 2009

Preakness Week in Maryland



Leg two of the triple crown of horse racing moves to Pimlico in Maryland for the Preakness this Saturday. If the Kentucky Derby is the pride of the southern aristocrats and the Belmont in New York is the pride of New York, the Hamptons, Cape Cod and New England Eastern society then the Preakness is surely the pride of the beer drinking college party crowd.

Very strange things are happening, however, that may forever doom the Animal House image like the State of Maryland said no one can bring their own cooler full of beer this year. Last year 126 people were thrown out of the infield for disorderly conduct while six were arrested. Kids may not want to spend the big bucks for Preakness beer so they might not show up.

There is the theme, "the People's Race - the People's Party." That sounds like words out of the Communist Manifesto by Karl Marx. Then again a state like Maryland might want to impress the new liberal Democrats in control of our nation's capitol. We may find out soon if they are the people's party.




You see there is a filly named Rachel Alexandra who has won 5 straight stakes races. The owners kept her out of the Kentucky Derby and ran her in the Kentucky Oaks for fillies instead. She won by 20+ lengths. The only way she can race in the Preakness is if other eligible horses do not run.

Twenty horses ran in the Derby. Only 14 are allowed to run in the Preakness. There were 13 triple crown horses committed to run leaving one opening if no other eligible horses filed to run. Along comes Rachael whose new owner wants her in with the big boys.

Suddenly the owners of horses eligible but not running are being called by owners in the race and asked to enter their horse in the Preakness, even if they didn't intend to run, so Rachael would not get in the field of fourteen. It seems the filly has some of the money people scared she may distort the odds and blow away any chance Derby winner Mind that Bird has for a triple crown.



Television ratings are everything. It has been 31 years since we had a triple crown winner, the longest stretch in history. During those years eleven horses won the first two, (Derby and Preakness) but lost in the Belmont. Big money wants to keep Rachael out while the People want her in.

If Rachael gets denied the chance to race it will be a result of skullduggery and collusion on the part of owners in the race. That would be a big blow to the liberal Democrats, media and Obama backers who are the self-proclaimed protectors of the "people's party". I say give the filly a chance to prove herself.

On the other hand this could all be a contrived media act to manipulate the odds as if Rachael gets in the race she will be a 1-1 favorite over all the guys. The odds on all the rest of the field will go up meaning more money will be made if any beat Rachael. The TV Ratings will increase, they are already sliding, if there is some new drama in the plot.


To top it all off, there will be a show in the infield to distract the college kids from realizing they are paying a fortune for beers. There will be man's favorite Olympic competition, Women's Beach Volleyball with the bikini clad bronzed babes like Misty May Treanor and Kerri Walsh, USA Olympic champions.




Add to that a concert by ZZ Top and a couple of other rock groups, all on the infield with the volleyball babes and thousands of drunk kids and you might think you just dropped acid, I mean, you were supposed to be at a horse race in Maryland and wound up in a flashback at Woodstock.

I'm for Rachael.



Posted by at No comments:
Labels: , , , , , , ,

Friday, May 08, 2009

Coltons Point Times Financial Articles



Because of interest in the financial articles previously posted and the fact they are running on dozens of other web sites including Ron Paul's home page the following is a listing of all the previously released stories from the Coltons Point Times on Wall Street, Capitol Hill, the White House, the Rothschilds, Goldman Sachs, JP Morgan, the trillionaires, oil price conspiracy, credit crisis, bank bailout, sub-prime mortgages and related actions causing our economic meltdown and recovery.
A painting of prayers with the Rothschilds.

Click on the link and enjoy the articles that tens of thousands of people have been reading.
Posted by at No comments:
Labels: , , , , , , , , , ,

The Obama Goldman Rothschild Update - The Trillionaire Puppet Masters at Work


The deeper we dig into the world economic chaos the clearer the picture becomes that what has happened the past two years in the international economic meltdown could be a strategic move to solidify control of the US and world economies. For three years this paper has projected market manipulations underway that resulted in the near collapse of world economies. From the sub-prime mortgages to oil and commodity price manipulations, swaps and derivatives to a credit crash, a cascading series of unlikely events sent the world to the brink of economic disaster.


In the process regulatory agencies were proven to be toothless when it came to enforcement, Congress was inept in identifying problems or solutions, hundreds of millions of dollars were poured into political campaigns from Obama to our congressional leaders while behind the scenes the puppet masters were busy carrying out the script. This week the long awaited bank stress test results were released and surprise, surprise, JP Morgan and Goldman Sachs continue to separate themselves from the rest of the world.


The world economy may have been on the precipice of disaster but these two companies benefited in ways it will take years to assess and one has to wonder why? If you followed the series of articles in the Coltons Point Times you would have known. You can see the index of the Economic articles in the recent past at the Coltons Point Times http://coltonspointtimes.blogspot.com/ .
House of Rothschild Family Crest


Let's examine where we are today. First, the Rothschilds control JP Morgan as they have for most of the past century along with an astounding number of major banks, brokers and corporations around the world. Then it is no surprise that in terms of the Market Cap on investment banking institutions in America JP Morgan stands alone with over $130 billion. They along with Goldman also had the highest ratings in the bank stress test and do not need any additional capital.


Behind Morgan comes Wells Fargo $99.16 billion (Warren Buffett is a substantial investor), Bank of America $69.39 billion but dropping, and Goldman Sachs at $64.37 billion (Warren Buffett is also a savior of that bank). Bank of America was the worst of all banks but not bad all the same and Wells does need to raise some capital.


How about the stock prices the past year. JP Morgan lost 27.8% of value, Goldman Sachs lost 31.6% of value and Wells Fargo lost 22.5% of value. All outperformed the markets which are still down about 40-42%. In the banking sector Bank of America lost 73.6% of value and Citigroup lost 87.3% of value. Most important, since Obama got elected our golden boys JP Morgan and Goldman both more than doubled in value to lead the economic rebound.


During the past year virtually all the competition to the golden buys disappeared, Bear Stearns, Merrill Lynch and Lehman Brothers were wiped out, companies that were founded in 1923, 1914 and 1850. All other major competitors were left broken like Bank of America and Citigroup.


Goldman probably owes it's survival to the fact it has long served as a front or partner with JP Morgan, meaning the Rothschild empire, just as the JP Morgan company survived by being a front for the Rothschild family. While Morgan has a market cap of over $130 billion, the Rothschild fortune is estimated to be as high as $200 trillion, not billion. That is more than the annual budgets of every nation on earth, actually more than every nation's budget on earth combined. The largest budget by far is the USA at $3.44 trillion with $11.2 trillion in debt, pocket change to the Rothschild family.


If the Rothschilds are the puppet masters of the world Goldman is their star puppet being in the forefront of every major financial catastrophe in recent history and benefiting each time. They secretly backed Obama well before he was a candidate for President and have been getting dividends on their investment ever since.

Both Morgan and Goldman got billions in bank bail out money from the last Administration, approved by Congress and approved by Senator Obama. Neither needed or ever used it. Since becoming President Obama gave billions to bail out AIG and AIG turned around and paid off billions in debt owed to Morgan and Goldman. How do these things happen under the very nose of Congress and federal regulators?


Look at the record of where former Goldman executives have settled. Here is just a partial list and it makes you wonder if Goldman Sachs is controlling Wall Street and Washington?

Henry H. Fowler - 58th United States Treasury Secretary (1965-1969)
Robert Rubin - Former United States Treasury Secretary, ex-Chairman of Citigroup.
Henry Paulson - Former United States Treasury Secretary.
Edward Lampert- Hedge Fund Manager of ESL Investments. Brought K-Mart out of Bankruptcy in 2003
Joshua Bolten - former White House Chief of Staff
Erin Burnett - CNBC Host
Jon Corzine - Governor of the State of New Jersey.
Michael Cohrs - Head of Global Banking at Deutsche Bank
Emanuel Derman - Author of My Life as a Quant and co-developer of the Black-Derman-Toy
model
Jim Cramer - founder of TheStreet.com, best selling author, and host of Mad Money on CNBC
Ashwin Navin - President and co-founder of BitTorrent, Inc.
Abby Joseph Cohen - Perma-bull market forecaster formerly of Drexel Burnham Lambert
George Herbert Walker IV - member of the Bush family and current managing director at Neuberger Berman
Robert Zoellick - Uniteed States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President.
Mark Carney - Current Governor of the Bank of Canada
Michael D. Fascitelli - President & Trustee of Vornado Realty Trust
Neel Kashkari - Assistant Secretary of the Treasury for Financial Stability
Charlie Haas - Wrestler, who is working for World Wreestling Entertainment
Malcolm Turnbull - Australian politician, currently the federal leader of the Liberal Party of Australia
John Thain - former Chairman and CEO, Merrill Lynch, and former chairman of the NYSE.
Thain was replaced at the NYSE by Goldman veteran Duncan Niederauer.
Robert Steel - Chairman and President, Wachovia Bank.
Reuben Jeffery III, Under Secretary of State for Economic, Business and Agricultural Affairs (2007-)
Romano Prodi, Prime Minister of Italy twice (1996-1998 and 2006-2008) and President of the European Commission (1999-2004)
Mario Draghi, governor of the Bank of Italy (2006- )
Massimo Tononi, Italian deputy treasury chief (2006-2008)

Goldman just hired former Barney Frank staffer Michael Paese to be top Washington lobbyist.
This position was formerly held by Mark Patterson, the current chief of staff at the Treasury.
Tim Geithner, Obama Secretary of Treasury was mentored by Gerald Corrigan, a former New York Fed president and current partner and managing director of the Office of the Chairman of Goldman Sachs. Geithner’s replacement as president of the New York Fed, William C. Dudley, is also a former Goldman executive

Ed Liddy, who the government appointed as CEO of AIG was Goldman’s vice chairman

Akshaya Prasad has left Goldman's and joined investment company Greater Pacific Capital as co-head of their Indian business.

Of course these high-level appointments are probably just coincidental. Just as it was probably coincidental that on September 15, 2008, then New York Fed president Tim Geithner pressed for AIG’s biggest counterparty, Goldman Sachs, to help the insurer raise capital after it became clear that AIG was at risk of going bankrupt. And that on the same day Goldman’s current CEO, Lloyd Blankfein, was at the New York Fed. And that Goldman ended up in receipt of about $12 billion in tax dollars thanks to AIG’s wholesale credit-default swap and after the government bail out.

Just today we learned that the chairman of the Federal Reserve Bank of New York, Stephen J. Friedman, abruptly resigned on Thursday, days after the Wall Street Journal raised questions about his ties to his former employer, Goldman Sachs.
Mr. Friedman, who led or co-led Goldman from 1990 until 1994 and remains a director, was chairman of the New York Fed at the same time. He also held a substantial stake in the firm as the Federal Reserve drew up plans to keep Wall Street’s banks afloat.


Because the New York Fed approved a request by Goldman to become a bank holding company, the chairman’s involvement in Goldman was a violation of Fed policy, The Wall Street Journal reported. The New York Fed had asked for a waiver, which, after about two and a half months, the Fed granted, the newspaper said. During that time, Mr. Friedman bought 37,300 more Goldman shares, which have since risen $1.7 million in value.

In fact the control of the Rothschilds and Goldman are so complex the following is a chart tracking some of the Goldman connections.



As the world economy improves which it must for the golden boys to benefit maybe you should look carefully at our politicians and Wall Street executives and look closely for the puppet strings from the real Master.




Posted by at No comments:
Labels: , , , , , , , , , , , , , ,

Tuesday, May 05, 2009

Derby Day at the Point



The gang at Coltons Point gathered for the 135th Kentucky Derby with a bevy of hats and a flurry of long shots making it a most interesting ride. After the morning favorite scratched from the race it was wide open and the Pointer faithful managed to bet in a manner that had eight winners of the various pools.
Even Mary Poppins showed up...


Only in the Point could the results come out like they did as I, for one, picked a long shot West Side Bernie who finished ninth and I still won the pool for third place. It seems the handicapping of the crowd was lacking as no one picked 6 of the top 8 horses.


Then again even the pros had a tough day since the favorite at the time of the race finished 18 out of 19. The jaw-dropping winner, Mine That Bird, broke all the odds and almost all the records with the second highest payout in Derby history at 50-1 odds, paying $103.20 on a $2.00 bet.


A horse that sold for $9,500 racing against multi-million dollar horses. A trainer who broke his leg and hobbled around on crutches had to tow the Derby champion in a trailer on a 21 hour drive from New Mexico to get to Churchill Downs. Most horses come by chartered jet. A jockey not given a chance but who won the Derby two years ago on Street Sense simply could not believe the horse he was riding.

The high rollers were in town...

Back at the Point the hats were all the buzz and the participants were pretty buzzed themselves. Mint Juleps were everywhere as we learned more about the strange little horse. The trainer, Bennie "Chip" Woolley was an ex-rodeo cowboy who broke his leg in a motorcycle accident two months ago.



The owners were two New Mexico buddies, Mark Allen and Dr. Leonard Blach who purchased him in Canada of all places. You could not miss the cowboys with their bolo ties and cowboy hats. The jockey, Calvin Borel burst into tears as he crossed the finish line but had never seen the horse until the Monday before the race.

Winners of the hottest hat contest...


The owners didn't believe the little horse had a chance and the trainer almost left the grandstand halfway through the race when his horse was far behind the leaders and trailing the entire field of horses. And then the Gods of Churchill Downs stepped in and the horse was on fire blazing to a 6 3/4 length victory.


Posted by at No comments:
Labels: , , ,

The Price of Being President

I guess it is too much to expect the new royalty of American politics to get it all right but at least we know they do make mistakes.

Like Michelle Obama addressing workers at a food program for the poor in $546 sneakers.



Or maybe what happens to our President when the teleprompter fails to work. Without the script he is just another clumsy speaker.



Of course there is also the next in line for the presidency, just plain Joe Biden.



Even the late night rulers have found fun with Obama on occasion.



Finally there was the top secret challenge between Obama and McCain to decide who would win the election, the Dance Off for President.



Have a good day.
Posted by at No comments:
Labels: , , , ,

A Video You Must Watch

Rarely does the internet provide us with something that can really influence your day in a positive way what with the politicians, media analysts and games but this is it. Check it out.



From the award-winning documentary, "Playing For Change: Peace Through Music", comes this version of Stand By Me recorded with various artists throughout the world. The Virtual Studio is a breath of fresh air.
Posted by at No comments:

Monday, May 04, 2009

Polar Pam Conquers South Pole


Here at Coltons Point we have some pretty famous people like Polar Pam who has been to the deep freeze of the South Pole a couple of times and we have the proof. The South Pole, in the heart of Antarctica, is the coldest, driest, windiest place on earth and Antarctica has the highest average elevation of any continent in the world. Winter temperatures can range from 90 to 130 below zero and that is pretty darn cold.




This is Polar Pam and her Sherpa guide preparing for the flight to the South Pole to visit the National Science Foundation research ice boxes down there. They made their way to the deep freeze through New Zealand and other exotic locales.

Here they are getting close to the Pole walking along a sidewalk that had just been shoveled as you can see from the pile of snow along the road. We estimate the snow is about 50 feet over her head at this point.



In the two shots above she is preparing for the final part of the journey after traveling by airplane with skiis and helicopter. The snow machine is needed to make it through the final part of the adventure. In the second photo she is hanging from the tail of a wrecked plane in the tundra demonstrating Antarktarobics, a strange form of physical workout when you spend too much time at a lonely research outpost. Below you see the adoring crowd of Penguins she is entertaining with her high flying act. It was a sell out crowd for her performance.


Above you see her welcomed to the South Pole and standing by the South Pole and now you know why it is the last place on earth you would ever want to go. No one is there. You can't even get a McDonalds. The Antarctic is the fifth largest continent on earth and maybe 5,000 people live there, mostly in steel huts buried in the snow. There is over 5.4 million square miles, 98% covered by ice.



In the upper photo she is in the Ice Box Bar and Grill where you make your own booze on those long lonely nights and endless days. As you can see in the next photo, it helps to speak a little Penguinese if you want to have any friends down there.

And finally, since she is at the very bottom of the world you can see her hanging off the bottom of the earth holding on for dear life in the last photo. Check out the feet flailing at the air. I doubt you will ever again see someone hanging off the bottom of the world like that and we thank her and her courage for undertaking such a death defying stunt.





Now don't you agree that Coltons Point has some most unusual natives of our own that have gone out and conquered some major places around the world. Polar Pam is now back in our nation's capitol and spends weekends in rehab here at the point. While she may occasionally break into a Penguin Break Dance you need not worry, no one notices here at the Point.

Posted by at No comments:
Labels: , , ,

Friday, May 01, 2009

Secret Dance Ritual being Performed on Porch of St. Clements Lighthouse



There are certainly some odd things that happen in Coltons Point. If you have read any of the previous articles about Coltons Point you will understand. Like the time Stevie Van Zany took me on his sail boat to St. Clements Island, just 10-15 minutes away according to Zany.

We set sail, the wind pushed us back into the deck where the flag got stuck in the pier and when we finally really set sail I knew we were doomed. After the first hour of tacking, which means zig zagging across the wind, we were farther away from the island than we started on shore. We were making serious progress the opposite direction on a straight course for the Chesapeake Bay and Atlantic Ocean.

Stevie assured me this was how a proven sail boat captain would swing out wide and then ride the tide or some such nonsense into the back side of the island. Remember, this island was not more than a quarter mile from the shore. I figured Zany decided he needed to swing out past the Florida peninsula far south to get to the island. I was wrong.


Two hours later we were staring at the island far in the distance only now we were on the other side up river. We stopped and tried to flag anyone down to tow us back to reality. Stationary buoys in the river kept floating past us, the same buoys over and over. Exhausted we collapsed on the deck of the sail boat with ice cold beers pouring down our throat and waited for the Potomac River to decide what to do with us. Finally a wind came and blew us back to shore a little over four hours from when the 10-15 minute adventure began.

Well last weekend I ran into Stevie Van Zany and he again offered me a boat ride to St. Clements Island. Sure thing. Only this time it would be in a motor boat. So we bounced across the smooth waters and reached the St. Clements Lighthouse in record time.


If you have not been there it is a real treat. In the summer guides are in the lighthouse to tell the visitors all kinds of stories about the history of St. Clements, Coltons Point and the Lighthouse. Most folks around here have no idea of the astounding events around the world that led to the landing of the English colonists on St. Clements Island 375 years ago.


That little island was the birthplace of religious freedom not just in America but throughout the world. A fort was built on it and the Island and Coltons Point are most likely the oldest continuously lived in settlement in colonial America.

So as we neared the island just before sun down when strange shadows are dancing all over it as we approached, we heard odd noises coming from the direction of the lighthouse. We left the boat and made our way to the lighthouse for a closer look and shot the following photo of some ancient ritual dance being performed by a modern day Messiah.



This secret society secret ritual was being performed on the porch of our beloved lighthouse by this nearly naked warrior or medicine man of old. If this is what goes on just after dark just think of what happens out here late in the midnight hours.


Anybody reading this really should pack your wallet and get down here to Coltons Point and experience life in the land of Oz right here in the Southern Maryland tidewater region. See if you can find the incredible missing history of St. Clements Island and Manor for yourself. If you do come check the expiration dates of the food in our only general store before you buy it. Sometimes it seems the store is a historic preservation site already.


In 1883 Coltons Point was one of the most popular summer resorts in the Eastern United States with four hotels including one on the island, a beer garden on the island, and dancing on the huge pavilion under the night sky overlooking the 7 mile wide Potomac River. Every week steamboats from Baltimore and our nation's capitol brought hoards of city folk looking to escape the world. Maybe the magic can be recaptured once again?




Posted by at No comments:
Labels: , , ,

Wednesday, April 29, 2009

Kentucky Derby Time!!!


Pictured Derby Longshot Desert Party

My favorite time of the year, the first Saturday in May and the annual running of the Fastest Two Minutes in Sports, the Kentucky Derby. This is the 135th year of the Derby making it the oldest major sporting event in America and this year promises even more as there may be a favorite, but it is not overwhelming. That means anything can happen which is normal for the Derby anyway as the horse least likely to win is the pre-race favorite.

This year I Want Revenge is the favorite but he is not an overwhelming favorite. So I am going to take the approach that tradition will dominate and the favorite won't win. Horses like Dunkirk, Pioneer of the Nile and Friesan Fire all could win and will all have low odds. But I think this year will be different so I am going with the long shots.

I think the race will be between two such long shots, Desert Party and West Side Bernie and if I am right it will be a sizzling finish. West Side Bernie will probably push the lead throughout the race and Desert Party will remain in the pack. If Desert Party (15-1) is patient and remembers his roots, he could be the winner. Though from Dubai and having lost his last race against another horse from Dubai, Regal Ransom, both were bred in Kentucky.

Pictured Derby Longshot West Side Bernie

However, if West Side Bernie, a much longer shot in the early odds (30-1) does not get pinned between horses while challenging for the lead he could grab the trophy and Bed of Roses right out from under all the favorites. If Bernie gets an outside pole position it will make him even stronger. Now those of you who believe one long shot is crazy, two long shots are downright insane, well you may be right.

But I happen to think the Derby is always capable of a surprise. Winner - West Side Bernie, and Runner up Desert Party.

Posted by at No comments:
Labels: , , , ,

Thursday, April 23, 2009

Obama Report Card - 1st 100 days - Chaos or Calculated Choreography



Everyone deserves a chance to know their grades so here is President Obama's chance to see how the Coltons Point Times grades his first 100 days as president. There are two elements to the grade, the personal actions of the president and the policy actions of the president. The true performance in both these areas is a reflection of just what type of leader he will become.

In terms of international relations the grade is quite good as most nations of the world are now more interested in photo ops with our president than trashing the USA. Yet we have received nothing tangible from other nations in terms of the things he asked them to do. Korea shot off the missile, Iran builds nuclear weapons, terrorists rule Afghanistan and Pakistan, drugs flow through Mexico, there is little coordination between nations in stimulating the economy and on and on but at least they are now smiling when they stick it to us.

Back here in the USA his grade is more mixed. There is little doubt he controls Congress and in order to take advantage of this he is flooding Congress with requests for legislation, appropriations and new programs. In fact the volume of requests from the Administration has clearly overwhelmed the ability of Congress to absorb them so we have the Pelosi & Reid Rubber Stamp which means if the president wants something and it is liberal enough, it gets rubber stamped.

The House and Senate Democratic leaders and even the president seem to think all those people who voted against Bush wanted immediate socialism when they wanted change but I don't think so and when people realize how far left we have already drifted they are going to be shocked. They also seem to forget that 47% of the people voted against Obama and another 45-50% of the people eligible to vote did not register or vote. That means in truth Obama got about 25-27% of the eligible vote, hardly a mandate from the people.


Campaign Spending

After promising to limit the cost of the campaign by taking public funds, Obama changed his mind and proceeded to spend the largest amount in history, $775 million. Add in another $160 million for his Inauguration and $18 million to be spent after the election and he is the first BILLION DOLLAR president in history. So much for limiting campaign spending. With tastes like that it is no wonder over $3 trillion has been allocated by the government for bailouts and bribes, payoffs and profits, all of which was approved by Obama.

It seems the same problem existed in his selection of talent when he promised all new people to replace the old gang of Washington insiders. He is surrounded by Clinton and other Democratic hacks along with a legion of former Goldman Sachs and other lobbyists who have now turned their attention from wrecking Wall Street and the economy to sucking every last cent from the federal government and Federal Reserve. In the process he also was the first president to nominate seven tax cheats to the highest offices in the nation.

Latin American Relations

Obama seems to have impressed the leaders of the Latin countries just as he did the Europeans and Asians and I don't get too concerned about him getting cozy with Fidel's brother in Cuba and Hugo Chavez in Venezuela even if they are playing him. We need to do a lot of work with the Latin countries and Canada, like form some kind of American Union, so we can fix the mess we are in. Maybe Obama can help?

Middle East Relations

In spite of our presence in Iraq and the Middle East, our troops stationed there, and our massive foreign aid expenditures to both sides of the Israel and Palestine groups, we have little impact on anything that happens there. The Middle East is oil rich country, oil we could temporarily replace with drilling offshore and in Alaska and sharing the resources of Canada, Mexico and South America. If we were moving in the direction of eliminating oil consumption over a period of decades we could supply our own oil and gas right from the Americas.

The Middle East problem cannot be solved at this time. Hatred runs rampant between Moslem Shiites and Sunni, between Moslems and Israelis, between the Taliban and traditional Moslems, between the Christians and radical Moslems, between just about everyone. There will be war in the Middle East because there is always war in the Middle East, for as far back as our history takes us. Obama could be a Moslem, Jewish, Coptic Christian and it will not matter, there will be war.

Our policy so far has been to aid and arm all sides, a technique perfected by the European bankers that helped fuel a constant state of war in Europe for a couple of centuries. The Christians, Buddhists and Hindus of the world can sit back and watch as the Arabs and Israelis battle it out once again. It seems ironic that the Talmud of Israel is like our Old Testament and the Moslem Koran is like our New Testament yet the nations following them seem oblivious to the most important Commandment of all, love thy God and love thy neighbor.

Banks and Credit

Now that we have pumped about $3 trillion into economic stimulus and corporate bailouts what have we achieved? We are still here. Credit remains a problem but VP Biden finally got his way and Obama will be meeting with the credit card companies to discuss ways to save them. Most of these companies are located in Delaware, the same state Biden used to represent. What a coincidence. Biden should have the agenda down pat, he took care of these companies when his son was their lobbyist. He even sponsored a bill to change the personal bankruptcy law to protect the delinquent bills of credit card companies during a bankruptcy action.

Goldman Sachs continues to rule Wall Street and Washington, DC meaning anyone who owes them money through loans, warrants, derivatives or other manipulations will get a government bailout at least enough to pay off their debt to Goldman. So AIG teeters on the brink of disaster and gets $173.3 billion in federal aid then pays off $30 billion to Goldman. A failing company and Goldman gets 100% of all the money owed by AIG. It does go to show how firms like Goldman have seemingly unlimited access to the US Treasury and Federal Reserve.

When is Obama going to have Treasury tell us how much money is yet needed to cover the toxic loans, the commercial real estate loans, and the credit card delinquencies? Someone knows the numbers but the transparency of the president seems to have no effect on his people. Do we face trillions more in socialist subsidies and bailouts before we see light? Maybe!

Health Care Reform

Somehow the notion of spending $634 billion as a "down payment" on health care reform is not how reform is achieved. Normally you identify the savings and then reduce the budget, not increase it. As the changes work, a rather bold assumption, you bring in the people not covered by health insurance. Did you ever see health and life-expectancy statistics on people with no health care? What if they live longer and happier than those covered by insurance? Just how many billions and billions of dollars are spent on unnecessary operations and medication?

If Obama is really an advocate of transparency, then he should publish the total income of doctors, hospitals and clinics from government programs like Medicare, Medicaid and veterans treatment, or did they contribute so much to the campaign they are protected like so many other groups? This entire industry from professional services to hospital facilities, drugs to treatment costs to insurance must be investigated from top to bottom to find where greed took over and then eradicate it.


Obama and Religion

"America is not a Christian nation!" so echoed the words of our new president in his first major address to the Moslem people of the world. Since taking office his liberal media allies have been foretelling the death of Christianity in America and his actions have helped pound a couple of nails into the coffin of Christianity. Our founding fathers might have found his words a bit hard to swallow.

It took Obama 8 weeks from the day he was inaugurated to find his way to a church with his family. At that pace he will attend church service 6 times his first year in office, or about 100 less times than he gets on the basketball court for a little b-ball. Of course after his experience with his big mouth minister during the campaign maybe he is a little gun shy. At least we found out he doesn't pay attention while at church since he didn't hear a thing his radical minister bellowed from the pulpit.

He has liberalized abortion in the year when America has now reached over 50 million legalized abortions performed. For every 6 Americans living one was aborted and for every 2 abortions performed for medical reasons (either the fetus or the mother) 25 abortions were performed for no reason. Add in the expansion of stem cell research Obama approved, research certain to lead to even more abortions for profit, and we fail to find much of anything that would appeal to Christians.


Global Warming

So what can we say about the Obama multi-billion dollar Global Warming initiative? Well I've studied a little bit of history and seems I've found a little information that casts doubt on this Global Warming thing. It seems global warming and cooling are a natural part of the existence of Earth.

In fact the worst ice age of all time occurred between 850 million and 630 million years ago during the Cryogenian period. Scientists believe it produced a Snowball Earth in which the entire globe was covered in permanent ice. Back then the accumulation of greenhouse gas, the stuff we are trying to get rid of, was produced by volcanoes which melted the ice and saved the Earth.

At least four major ice ages took place in our Earth's history. The current age started 2.58 million years ago and we are currently in the warming phase. These cycles of warming and cooling complete their cycle at 40,000 and 100,000 year time periods. The next ice age can be scientifically predicted to begin about 50,000 years from now, with or without human generated global warming. Nature will follow it's course no matter what we do.

Since the last ice age was longer than 2.58 million years ago and at least four ice ages have taken place with most if not all of the entire globe frozen, and this was before civilized man, before any man we know of, what caused the natural cycle? Either volcanoes explode, and there are still many around the world and in America, they create a dense layer of soot and ash in our atmosphere, and the debris blocks the sun from hitting the Earth. A few hundred years are required for the Earth's atmosphere to clean up and then we have another ice age. A large meteor could do the same and some have hit the earth.

How could we have had four major ice ages and thousands of warming and cooling cycles like we are in without mankind populating the earth and no advanced technology? No doubt mankind can speed up the process of global warming with our excessive consumption and emissions. But no matter what we do the global warming and cooling cycles will come and go

Personally I think if we want to stop polluting we should just ban all plastics which are made from oil, ban imports from countries that are polluting with their factories, and give a tax rebate of $2,500 for every car bought getting 35-49 miles per gallon (mpg), $3,500 for cars getting 50-75 mpg and $5,000 for cars getting 76-100 mpg. That kind of subsidy will make the hybrids, hydrogen and electric cars profitable to the car makers.

Okay, so what about the report card? Well, I say forget the grades, the Democratic leadership in Congress will just change the grading system in America to accommodate and cover up the fact we no longer lead the world in much of anything. It is not politically correct to encourage individual excellence, leadership, innovation or exceptional performance in a socialist world if that is what the left wing wants. I say give them a blank report card just like the report cards our public school students get. How else could we have the highest cost of education in the world and the worst results of most developed nations?

Posted by at No comments:
Labels: , , , , , , , ,

Wednesday, April 15, 2009

Can Goldman Silence the Media?

Article from Daily Telegraph of UK

Wednesday 15 April 2009 Banks and Finance feed All feeds

Website of the Telegraph Media Group with breaking news, sport, business, latest UK and world news. Content from the Daily Telegraph and Sunday Telegraph newspapers and video from Telegraph TV.

Goldman Sachs hires law firm to shut blogger's site
Goldman Sachs is attempting to shut down a dissident blogger who is extremely critical of the investment bank, its board members and its practices.

By James Quinn, Wall Street CorrespondentLast Updated: 2:16PM BST 11 Apr 2009

The bank has instructed Wall Street law firm Chadbourne & Parke to pursue blogger Mike Morgan, warning him in a recent cease-and-desist letter that he may face legal action if he does not close down his website.

Florida-based Mr Morgan began a blog entitled "Facts about Goldman Sachs" – the web address for which is goldmansachs666.com – just a few weeks ago.

In that time Mr Morgan, a registered investment adviser, has added a number of posts to the site, including one entitled "Does Goldman Sachs run the world?". However, many of the posts relate to other Wall Street firms and issues.

According to Chadbourne & Parke's letter, dated April 8, the bank is rattled because the site "violates several of Goldman Sachs' intellectual property rights" and also "implies a relationship" with the bank itself.

Unsurprisingly for a man who has conjoined the bank's name with the Number of the Beast – although he jokingly points out that 666 was also the S&P500's bear-market bottom – Mr Morgan is unlikely to go down without a fight.

He claims he has followed all legal requirements to own and operate the website – and that the header of the site clearly states that the content has not been approved by the bank.
On a special section of his blog entitled "Goldman Sachs vs Mike Morgan" he predicts that the fight will probably end up in court.

"It's just another example of how a bully like Goldman Sachs tries to throw their weight around," he writes.

Speaking to The Daily Telegraph, Mr Morgan explained how he went through a similar battle with US homebuilder Lennar a few years ago after he set up a website to collect information on what he alleged was shoddy workmanship in its homes. The pair eventually settled out of court.
"Since I went through this with Lennar, I've had advice from some of the best intellectual property lawyers, and I know exactly what I can and can't do. We're not going to back down from this," he promises.

Mr Morgan adds that if Goldman manages to shut down his site, he has a number of other domain names registered.

• Speculation is mounting that Goldman Sachs is set to raise several billion dollars via a share sale, possibly next week, in order to pay down a $10bn (£6.8bn) US government loan, as revealed in The Sunday Telegraph last week.
Posted by at No comments:
Labels: , , ,
Subscribe to: Posts (Atom)