Report: Bernanke, Paulson misled on bailouts

Monday, October 5, 2009

Institutions not so healthy

By Sean Lengell Federal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry M. Paulson Jr. misled the public about the financial weakness of Bank of America and other early recipients of the government's $700 billion Wall Street bailout, creating "unrealistic expectations" about the companies and damaging the program's credibility, according to a report by the program's independent watchdog. The federal government last October loaned Bank of America and eight other "healthy" financial institutions a total of $125 billion - the initial payout from the Troubled Asset Relief Program, or TARP - in an attempt to avoid a series of major bank collapses that would push the sputtering economy into a free fall or depression. The rationale for giving money to stable banks and not failing ones, regulators said, was that such institutions would be better able to lend money and thus unfreeze tight credit markets - a major factor in last year's Wall Street losses. For the full story click here: http://www.washingtontimes.com/news/2009/oct/05/report-bernanke-paulson-misled-on-bailouts/

US economic decline forges new world order

Agence France-Presse - 10/4/2009 3:15 AM GMT The crisis is redrawing the world map of economic power as the influence of US consumer spending declines and major emerging markets like China and India take the lead, finance chiefs said. "One of the legacies of this crisis may be a recognition of changed economic power relations," World Bank president Robert Zoellick said Friday in Istanbul ahead of annual meetings of the World Bank and the International Monetary Fund. "Recent forecasts show that China and India are helping to pull the global economy out of recession.... A multipolar economy less reliant on the US consumer will be a more stable world economy," he added. Consumer spending accounts for around two-thirds of economic activity in the United States -- by far the world's biggest economy -- and experts say lower spending could have radical effects on the US's world standing. The IMF on Thursday forecast emerging and developing economies would grow 5.1 percent in 2010 -- in contrast with just 1.3 percent in advanced economies. China's economy was projected to grow by 9.0 percent next year and India's by 6.4 percent -- far ahead of 1.5 percent expansion in the US economy. "The American engine is not as strong as it was before," IMF managing director Dominique Strauss-Kahn said in a speech in which he called for emerging markets to be given more say in the IMF's decisions. "Emerging economies are becoming more and more the real partners," he said. In a BBC World debate on the crisis held in Istanbul, Niall Ferguson, a professor of business administration at Harvard Business School in the United States, said: "The crisis has accelerated a shift from west to east." "That means rebalancing not only economically... but rebalancing geopolitically, which I think makes some people nervous," Ferguson said. "For the foreseeable future the US will be growing at a much lower rate while China is in fact growing at a much faster rate," he added. The shift is having far-reaching effects around the world. In Latin America, IMF economists said the crisis is affecting countries differently depending on whether, like Mexico, they are more closely tied to the United States or, like Brazil, they have more links with China. "If it was not for China we wouldn't have seen positive growth in the second quarter in Brazil," Ilan Goldfajn, chief economist at Brazilian bank Itau Unibanco, said at an IMF-organised conference in Istanbul. Goldfajn said the world would now start to "rebalance towards Asia." Marek Belka, head of the IMF's European department, cautioned however that for European countries, "demand from Asia is not enough -- the recovery rests on the shoulders of European consumers and investors." This upheaval is changing institutions too, with the G20 group of developed and emerging economies turning into the main forum for international economic policy and strengthening the IMF as a guarantor of global stability. The IMF has bailed out countries around the world in recent months and its members have tripled its lending resources to 750 billion dollars (515 billion euros). Strauss-Kahn has more ambitious plans yet and is seeking more funding to strengthen the IMF's role as a global lender of last resort. "Our ultimate goal is financial and economic stability," he said in a speech in Istanbul at which he outlined plans to even out global economic imbalances. The G20 summit in the US city of Pittsburgh last month also agreed to give more voting shares to emerging and developing economies in the IMF and the World Bank -- a reflection of the shift in economic power. The World Bank's Zoellick has also argued that developing countries in Southeast Asia, Latin Amercia, the Middle East and Africa should be seen as future "engines of growth" rather than recipients of charity from rich nations. In a recent speech in Washington, Zoellick said: "The old international economic order was struggling to keep up with change before the crisis.... It is time we caught up and moved ahead." Source: http://news.my.msn.com/business/article.aspx?cp-documentid=3621721

Chicago's swift elimination as 2016 Olympics host is political blow to Obama

Chicago had been a heavy favorite to at least survive the first round. Tokyo is also cut, leaving Rio de Janeiro and Madrid left in contention. The host city is to be announced today.

Los Angelos Times

By Christi Parsons and Mark Silva October 3, 2009

Reporting from Washington - Chicago has been eliminated from the contest to host the 2016 Summer Olympics, a surprise development in the decision-making process by international Olympic officials.The city was a heavy favorite at least to make it through the first round of voting, and to be a serious contender in the final round of voting for the coveted Games.The decision dashes the hopes of U.S. boosters -- President Obama chief among them -- who had put their reputations on the line to help win the games for Chicago. The announcement came as the president and first lady headed back to Washington after making a last-minute appeal to the International Olympic Committee as it met in Copenhagen. For the full story click here: http://www.latimes.com/news/nationworld/nation/la-na-olympics-chicago3-2009oct03,0,1471810.story

Montana AG launches probe of jail deal

Matthew Brown / AP

Company in deal with city is headed by a convicted felon with fraud history AP American Press updated 6:30 p.m. PT, Thurs., Oct . 1, 2009

BILLINGS, Mont. - Montana's attorney general launched an investigation Thursday into a California company that wants to take over an empty jail in the rural city of Hardin, following revelations that the company's lead figure is a convicted felon with a history of fraud.

Michael Hilton, who formed Santa Ana, Calif.-based American Police Force in March, came to Hardin last month promising to fill the city's never-used jail and build a large military and law enforcement training center. Hilton has a decades-long track record of fraudulent activities and spent several years in a California prison on grand theft charges. A native of Montenegro, he uses at least 17 aliases. For the full story click here: http://www.msnbc.msn.com/id/33131009/ns/us_news-crime_and_courts/

ALERT-ALERT !! Beginning of the End for FREEDOM On Internet ! as we know it.

"Michael on the Southside"-Columbus Ohio <michaelonthesouthside@gmail.com> Date: October 2, 2009 10:55:26 AM EDT

Yesterday in the Investor's Business Daily 10/1/09 on page A-5(top left) the headline reads "U.S. Loosens Control Over The Internet's Global Traffic Cop" That's right you read correctly,the Obama administration has agreed to release absolute authority from Internet Corporation for Assigned Names and Numbers (I.C.A.N.N.) due to GLOBALIST pressure from world government bodies and an ever increasing European element.

China at this time is not a member of G,A,C, which is ICANN's Governmental Advisory Committee,however the Obama administration and ICANN have signed a new agreement that interestingly has no expiration date!They have called this a pact of "Affirmation of Commitments".What commitments ? Why no time limit? Why surrender our internet Freedom to a world body of socialist,fascist,communist and other freedom hating regimes! This action of the Obama administration / ICANN is indicative and symptomatic of a growing and threatening "communications pattern" that is hostile and problematic to freedom of speech and expression.

Recently we witnessed congressman Joe Wilson express himself exclaiming to the president "You Lie" while the president was giving a deceptive speech falsely declaring that tax money would not be used to give illegals free health care.We all know that Joe Wilson's comment was accurate,timely and courageous as even Rush Limbaugh and many others have stated or implied! However the mere fact that he was told to apologise by his own party represents and displays a more important condition that exist in America today and that is "rhetorical cowardice".Even so called "conservatives" or republicans who are supposed to be champions of free speech have fallen prey to the "political correct speech police" If you have not heard them yet,I would encourage you to tune in to the radio or the web @WTVN.com in Columbus,Ohio on a Clear Channel station called WTVN at 610 on the A.M. dial.

This particular radio station has a program director named Mike Elliott who has appointed himself to be the speech police of the "Electronic Town Hall meeting" that occurs every Saturday morning in Columbus,Ohio from 6a.m. until 10a.m. This open phone talk radio show has been on the air in Columbus since around the late 80's. The forum is supposedly open to all,that is until recently program director- Mike Elliott declared that "everyone's welcome except "Michael". Who is MICHAEL the crowd asks? I am the Michael Mr. Elliott refers to and has banned from participating in the "electronic Town Hall meeting on 610- WTVN radio in Columbus,Ohio.

 This action was dictated by Mr. Mike Elliott even though no crime was committed,no slander was spoken,vulgarities were not made,defamation did not occur and no other action or reason was given except the accusation that I disrespected and offended the host-period.That's right,Mike Elliott said I offended or disrespected his host! And I say you and your host Mike Elliot are in the wrong business if your so easily offended! Since that time I immediately requested by e-mail for him to give me the time,date and evidence of my action,and he has not responded yet. In addition to this outrageous and glaring example of rhetorical cowardice you can tune in just about every Saturday morning between 6am and 10 am on the same radio show on WTVN or the web at WTVN.com (listen live) and hear several counterfeit conservative,R.I.N.O."village idiots" crying about how other callers attack them and their ideas personally.

Two of these callers are Robert Wagner who calls himself "Bob from west side" - "internet sceptic" -"bumpy" who is also a former congressional candidate from the of 15th district of Ohio and the other caller is his former campaign manager George Momirov who calls himself "Tomato Man" or George from northwest" being an Upper Arlington suburb of Columbus,Ohio.Both of these callers demonstrate this threat to freedom of speech when they cry in the name of "civility" that certain callers should be banned from the "electronic Town Hall meeting" because" they were too mean " cried both of them several weeks ago in July and August of 2009.(see audio archives at WTVN.com.)More importantly this guy Robert Wagner wants to be a congressman in Ohio's 15th district and he can't even handle a little citizen critic like me-Michael on the southside !!

 I say grow up first then make your attempt at politics.Both of these men have applauded the tyrannical actions of program director-Mike Elliott to ban talk radio callers simply on the opinion that certain callers are allegedly offensive or disrespectful. The question is this, was Joe Wilson disrespectful of the president? Yes he was, but the presidents speech and rhetoric was not worthy of respect by Joe Wilson or any American who demands honest government So let us consider this fact that our house(country) America is on fire,Ok so are we going to just quietly and politely say to the inhabitants" get out! " or will we be courageous like Joe Wilson and shout the hard truth in a timely,sharp and pointed manner "GET OUT NOW" The truth is this,there is something smelly and fishy today on the" rhetorical theatre stage" of politics and current events and that smell and illustration can be found by three specific men on WTVN-610 A.M. radio dial in Columbus,Ohio (test market U.S.A.) the "heart of it all" on "Saturday morning open phones" at 6am until 10am and their names are - MIKE ELLIOTT program director WTVN/CEAR CHANNEL RADIO-, -talk show caller ROBERT WAGNER who calls himself "Bob from westside" on radio,he's also former Ohio congressional candidate from 15th District, then there's -GEORGE MOMIROV from the northwest calls himself "Tomato man" on radio, former campaign manager of ROBERT M. WAGNER's bid for 15th District. Mr. Wagner also is a staunch defender of the FEDERAL RESERVE which is by the way,not federal and has no reserves.!!!!A bankster Monopoly that is un-American,socialistic,fascist,fraudulent and unconstitutional!!!!!!!

Tune in to a citizen "Electronic Town Hall" meeting in the heart of it all Columbus,Ohio every Saturday morning in test market U.S.A. and make your voice heard in defense of freedom,liberty and the American Way! I am sincerely MICHAELONTHESOUTHSIDE@gmail.com also visit - WAROFINFO.com P.S.- In conclusion wouldn't it be nice to have a local media outlet to help facilitate and protect your political aspirations like Mike Elliott of Clear Channel Communications from bad ole critics like "Michael on the southside" a citizen who simply demands honest government.

AMERICAN POLICE FORCE-The Beginning of Obama's Private Military Security Force For America?

http://werhit-mathenyahu.blogspot.com/

October 1, 2009

Mark Matheny

During the campaign of Barack Obama, he once stated to Americans that we could no longer continue to rely on our military only, but that we needed a private military security force that would be equal to that of the United States Military. Now in a stunning development, just such a force may have been uncovered in a small Montana town called Hardin, where a paramilitary security force known as "American Police Force" has began to patrol the streets in full force.

According to the AFP official website, they are a Security Organization that "provides surveillance, investigative, and military services around the world." The website shows men in black "SWAT"-type uniforms with automatic machine guns and protective gear typically worn by military personnel.

In another section of the website the organization states, "As part of our mission, AFP plays a critical roll in helping the U.S. government meet vital homeland security and national defense needs. Within the last 5 years the United States has been far and away our #1 client. Technologies, programs, and services performed by APF have played a very important role in U.S. military and civilian efforts to protect our homeland and combat terrorism."

According to a report on Prison Planet.com, AFP was originally contracted to provide security for a Detention Facility in Hardin, but are now apparently patrolling the streets in SUV's marked with the words "Police Department" on them.Apparently this may be in violation of article 2 section 33 of the Montana Constitution titled; Importation of Armed Persons. It states the following:

"No armed person or persons or body of men shall be brought into the state for the presentation of the peace or the suppression of domestic violence unless the application of the legislature or of the governor when the legislature cannot be convened."

The founder of the organization, Michael Hilton, is a " convicted felon with a number of aliases, a string of legal judgments against him, two bankruptcies and a decades-long reputation for deals gone bad," according to the Associated Press.

Officials of Two Rivers Authority, the economic development agency that paid for the facility, signed a contract with a private police firm called American Police Force to fill the jail, however, patrolling the streets was not a part of the contract."I have no idea. I really don't because that's not been a part of any discussions we've had with any of them," stated Al Peterson of Two River Authority to KULR 8 News.

This is a dangerous precedent to be setting in any U.S. State! It looks as if the government may be using the private paramilitary force to sidestep any outcries of citizens who will say that U.S. troops patrolling the streets would be in violation of the Posse Comitatus act. American Police Force may also then begin to patrol in other states they have apparently targeted to occupy according to a reporter known as "Agent Provocateur" of Godlikeproductions.com, who reports that he will cover further developments on the ground in Hardin Montana.

With the economic turmoil still looming, and Obama's ever slipping popularity, we could be seeing the escalation of a Gestapo-like force that will begin to crush the resistance of the Obama Administration, and usher in a Police State along with filling the Detention facilities talked about in "Camp Fema" the Documentary recently released (available at Infowars.com). We are seeing children in our public schools being brainwashed to sing allegiance to Obama in ways reminiscent to the days of the Hitler Youth in Nazi Germany when a reign of terror was unleashed by a Butcher called Adolf Hitler.

Every Patriotic American needs to spread this information to everyone they know. We must also voice outrage that our government would even think of allowing such a violation of our security and liberty!

Mark Matheny

Check out these links as well : http://www.americanpolicegroup.com/special.html http://www.infowars.com/exposed-american-police-force-is-a-blackwater-front-group/

http://www.examiner.com/x-14795-Page-One-Examiner~y2009m9d29-American-Police-Force

http://suzieqq.wordpress.com/2009/09/15/american-police-force-to-manage-hardin-montana-prison/

World Bank President Says Financial Crisis is Shifting Balance of Power

Voanews.com By Mil Arcega Washington 30 September 2009 World Bank president Robert Zoellick says the U.S. dollar's role as the world's reserve currency may be diminishing as a result of the financial crisis. Although he says the dollar will remain a major economic force, Zoellick says the balance of power is shifting. And as the global financial system evolves, Zoellick says other currencies, including the Euro and the Chinese Yuan could become increasingly attractive alternatives.In the aftermath of the global economic meltdown, the head of the World Bank says the U.S. should not assume the dollar will always be the world's business currency. Speaking at the School of Advanced International Studies at Johns Hopkins University in Washington, Robert Zoellick says world finances are undergoing a seismic shift."The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency," he said. "Looking forward, there will increasingly be other options to the dollar."For the full story click here: http://www.voanews.com/english/2009-09-30-voa14.cfm