If you think that Credit Rating downgrade matters a lot to these people, you are absolutely wrong. They knew beforehand that even if the debt ceiling is raised nobody will lend them the money. What they are doing now is to grab as much real money as possible, whoever owns them, including that which is allocated for you, the Global Settlement Fund, and put them into their personal bank accounts.
1St Global Settlement Completed, Obama et al. Take It As Personal Account
Early this week Obama made a phone call and gave the order to settle with Ed Falcone. That’s the financial fraud situation we have talked about where Bush Sr., Romney, Herzog and their gang of associates stole Falcone’s 700 million dollars. This is the situation were the Federal Bureau of Investigation have buried Falcone’s complaints in the “Bush-directed-us-to-ignore-this” file. Well, apparently our reporting of this matter is not only accurate but has uncomfortably exposed our former leaders as it was directed by Bush Sr to Obama to pay him off to get him out of their hair.
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The order and instructions went through The Vatican Bank, but Jamie Dimon routed the 30 Billion Dollars through Central America (Guatemala) and arrived in the United States mid week in CitiBank, Chicago. At this time they put the funds into a high yield trading program utilizing the accounts “tear sheet” to commence the trading program. Not so amazingly, Obama was once again in position to handle the transaction when the funds arrived in Chicago. Under the disguise of paying Falcone, they cleverly diverted 30 Billion Dollars from the US Treasury and stole from each American citizen for their own greedy personal gain. The details at this time are continuing to be investigated.
Federal Reserve audit exposes major securities fraud and the embezzlement of $16 trillion
An audit of the Federal Reserve has revealed that the privately owned Federal Reserve secretly doled out more than $16 trillion in zero interest loans to some of the largest financial institutions and corporations in the United States and throughout the world. The non-partisan, investigative arm of Congress also determined that the Fed acted illegally. In fact, according to the report, the Fed provided conflict of interest waivers to its employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans. The report is evidence that reveals major securities fraud in the embezzlement of $16 trillion by the Federal Reserve.
$16 trillion is 10 times more than what the U.S. Congress authorized and Bush ($700 billion) and Obama ( $787 billion) signed off on. The Federal Reserve was only authorized by Congress to use $1.487 trillion in federal tax dollars in bailouts. The Federal Reserve embezzled another $14.5 trillion.
The Congressional report determined that the Fed secretly hide most of the embezzled money into their own banks. The rest the Fed unilaterally transfered trillions of dollars to foreign banks and corporations from South Korea to Scotland. Foreign banks and corporations which the Federal Reserve bankers had a personal financial interest or stake in.
“The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone,”
– Xinhua
BEIJING — China, the largest foreign holder of U.S. debt, demanded Saturday that America tighten its belt and confront its “addiction to debts” in the wake of Standard & Poor’s decision to downgrade the U.S. credit rating.
China currently owns $1.2 trillion of U.S. Treasury debt, the largest stake of any central bank. The commentary carried by the state-run Xinhua News Agency was Beijing’s first official response to the S&P decision.
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“China, the largest creditor of the world’s sole superpower, has every right now to demand the United States to address its structural debt problems and ensure the safety of China’s dollar assets,” it said.
Xinhua said the U.S. must slash its “gigantic military expenditure and bloated social welfare costs” and accept international supervision over U.S. dollar issues.
“The debt ceiling crisis is a manufactured one, engineered to extort concessions that will lock the middle class in debt peonage for decades to come. Congress is empowered by the Constitution to issue the money it needs to pay its debts.”
If there is one thing that the office of President Barack Obama demonstrates it is that democracy does not exist in the United States. This may seem a rather outlandish statement. For many people, the fact that the 44th president is the first black man to preside over the White House – with its American colonial-style architecture – is a tribute to the triumph of US democracy.
But many other more telling facts indicate that Obama is but a figurehead of an unelected government in the US. This unelected power of corporate elites – commercial, financial, military – governs with the same core policies regardless of who is sitting in the White House. Whether these policies are on social, economic or foreign matters, the elected president must obey the direction ordained by the unelected elite. That kind of untrammeled power structure conforms more closely in practice to dictatorship, not democracy.
As Michael Hudson and Ellen Brown reveal in their analyses of the US budget debacle, Obama is pathetically doing the bidding of Wall Street – much like an errand boy [1] [2].
Brown writes: “The debt crisis was created, not by a social safety net bought and paid for by the taxpayers, but by a banking system taken over by Wall Street gamblers. The gamblers lost their bets and were bailed out at the expense of the taxpayers; and if anyone should be held to account, it is these gamblers.
“This is not a question of credit ratings. We can always print money. There is zero probability of default.”
Alan Greenspan showing how years of dealing with Federal Arithmetic can be stressful.
The Obamas spend millions on vacations
It looks as if all of that change Obama was talking about is adding up. A report released while the president is on his Martha’s Vineyard vacation says that the first lady is blowing millions of dollars on lavish trips on America’s dime.
White House sources tell the National Enquirer that Michele Obama has spent more than $10 million in public money on vacations since her husband took the oath of office in 2009. Speaking to the Enquirer, an oval office insider goes as far as to call the First Lady a “vacation junkie” whose behavior in regards to breaking the bank on trips is “disgusting.”
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