Link To The Weathermen Manifesto

July 29th, 2010

Here’s what Cass Sunstein had to say about them;  ”I feel very uncomfortable with their past, but neither of them is thought of as horrible types now. So far as most of us know, they are legitimate members of the community.”

Here’s an in-depth previous post about what we had to say about the White House regulatory czar Cass Sunstein: http://tradewithdave.com/?p=117

Here’s the manifesto which you can read online:

http://www.archive.org/details/YouDontNeedAWeathermanToKnowWhichWayTheWindBlows_925

Here are links to previous posts on the subject:

http://tradewithdave.com/?p=407

http://tradewithdave.com/?p=594

http://tradewithdave.com/?p=862

Change is a comin’

July 29th, 2010

http://www.cspan.org/Watch/Media/2010/07/28/HP/A/36096/Natl+Commission+on+Fiscal+Responsibility+and+Reform+Meeting.aspx

National Commision on Fiscal Responsibility and Reform

Above is a link to a two-and-a-half hour video from the public hearing of “The Debt Commission” yesterday.  If you’re wondering where the new austerity program for the U.S. is going to emanate from, this is the spot.  How smooth is Erskine Bowles?   He’s a smooth as silk.  How rough is former Wyoming Senator Alan Simpson?  He’s as rough as a sandpaper. 

If you watch the video, you’ll have the opportunity to listen to the senator wax eloquently while he weaves the occasional curse word into his rhetoric for increased effect.  If you listen to Mr. Bowles, you will hear the fact that 2/3 – 3/4 of the recommended cost reductions will come from cuts in government spending.  What does that mean?  Here at TradeWithDave.com we think that means your Social Security benefits are fixin’ to be cut big time.

Value of Lives Now Measured In Barrels of Oil?

July 27th, 2010

Sir Mark Allan

BP Special Advisor Sir Mark Allen (photo: Mail Online)

270 souls died in bombing of Pan Am flight 103.  189 of these precious people were Americans. 

The only person convicted of the murders was released by Scotland and allowed to return to Libya to a hero’s welcome.  The convicted murderer was diagnosed with cancer while he was in custody before his release. 

Questions have emerged that the deal to release the convicted murderer was connected to a $900,000,000 offshore drilling deal between BP Oil Company and the Libyan goverment. 

Today four U.S. Senators want Secretary of State Hillary Clinton to ask the government of the United Kingdom to have the convicted murderer returned from Libya to serve out the remainder of his sentence.

Who is BP Special Advisor Sir Mark Allen: http://www.dailymail.co.uk/news/article-1211483/Ex-spy-BPs-Lawrence-Arabia.html

Here’s a link to a story in the U.K. Telegraph outlining the work which former Prime Minister Tony Blair is doing on behalf of his employer J.P. Morgan in Libya:  http://www.telegraph.co.uk/news/newstopics/politics/7895997/Tony-Blair-met-Colonel-Gaddafi-in-Libya-last-month.html

Letter from the senators to the Secretary of State: http://menendez.senate.gov/newsroom/press/release/?id=6f3a48fd-e09f-406c-9ba7-5f8b89d48b5d

Here’s a video interview with Senator Menendez raising questions about the swapping of justice for commercial interests.  http://www.youtube.com/watch?v=Td0KOPmuoCo

Here’s a video of the hero’s welcome to Libya.  Notice the Scottish Saltire flying high over Libyan soil.  Where’s the outrage?:  http://www.youtube.com/watch?v=A1WmAx31Jz4

Here’a a video of the Scottish Justice Secretary announcing the release of the convicted murderer a year ago: http://www.youtube.com/watch?v=tzv04WuHqTM&feature=related

Here’s a video of a mainstream media version of the story: http://www.youtube.com/watch?v=IFb_-MIZ95o&feature=fvsr

Here’s a link to the first in a series of 7 videos providing more info on this story (remaining 6 videos will appear as links in the right column on Youtube): http://www.youtube.com/watch?v=k-0gjdB9sQU&feature=related

Here’s a U.K. mainstream media report: http://www.youtube.com/watch?v=p9SA-OlJHUo&feature=related

News report on the Scottish National Party’s position in this controversy: http://www.youtube.com/watch?v=7ieXClq4VX0

Here’s a link to the David Milliband video mentioned above: http://www.youtube.com/watch?v=xrQWixw3XeU

Details of Tony Blair’s job with JP Morgan: http://edition.cnn.com/2008/BUSINESS/01/10/us.blair/

Daddy… will America go to heaven?

July 26th, 2010

“What do you mean son?”

“Will America go to heaven daddy?” 

“Well, not exactly son.  America is a country.  Countries don’t go to heaven, people do.” 

“But what about Faithful America daddy?”

“What Faithful America son?  Americans can be faithful, but America can’t be faithful.  America is a country while Americans are the people.  It’s the people that count.  Just like a church.  It’s not the building or the name of the church.  It’s the people that make up the church that are the church.” 

“I know Daddy, but I saw a website.  It was called FaithfulAmerica.org.  Does that mean America is faithful?” 

“Son, I told you that a country can’t be faithful, only it’s people.  Anyone that tells you otherwise has an agenda and is attempting to deceive you.” 

“How would they try to deceive me daddy?”

“Well son, they could take a website and co-opt it from another group that was originally a legitimate church-based organization.   Then they could link their organization through another religious website that covers every possible type of faith so that it is politically correct.”

“Like FaithInPublicLife.org daddy?” 

“I guess you could say that son.  As long as an organization presents its faith as being connected with a multitude of popular faiths, then it is viewed as being politically correct and the participants may believe that this is a form of protection – being all things to all people so to speak.  Then once they have successfully filtered the organization through organized religions, then they would link it out to a powerful politicial organization?” 

“What is an example of a powerful political organization daddy?”

“Well, the Center for American Progress at www.americanprogress.org is an example of a very powerful political organization.  According to a report in the Washington Post, global financier George Soros and mortgage bankers Herbert and Marion Sandler invested in the formation of the organization?”

“Daddy, are you sure they paid for it?”

“Son, there’s no way to know for sure.  You see they keep their finances secret.” 

“Why would an organization built on faith try to keep secrets daddy?   What about the transparency and accountability that you told me were so important.” 

“That’s a good question son.  It’s the same reason that organizations which try to say that a country is more important than its citizens call themselves progressive.  It’s not progress for the individual people, it’s progress for the state, but it sounds good and especially when you watch their fancy videos like this one titled Progress is American.  Progress is a good thing, just like your progress in school.  But words can be used for lots of different purposes.  I believe sometimes the word ’progressive’ is designed to confuse the progress of a person with the progress of the state or country.  We are a country of people, not a people of country.  It’s like when I told you about putting the cart before the horse.  The people of America are the horse and America itself is the cart.  The people come first and never let anyone tell you anything different.  When you watch the video tell me if it makes you feel like it is more about “We the People” or “We the Country” and then you can decide for yourself what true progress means.  I would like to see a video titled Americans are Progress because that’s the truth.    

http://www.americanprogress.org/aboutus/

The Global Bank Overseers Have Spoken

July 26th, 2010

The Wizard of Oz in the world of global central banks has spoken and 3% is the new agreed upon ratio for fractional reserve banking.  Banks have just over four years to get in line until they must start publishing their ratios in 2015 which could become binding (following certain adjustments) by 2018.

Most enlightening is the statement regarding the equal treatment of sovereign states in comparison with conventional non-bank business in regard to a number of lending practices.  What does this mean for the municipal and state bond markets and the cost of funds for sovereigns?  What about banks that are caught up in long-term commercial real estate deals that won’t be compliant within this timeframe?  My guess is rising rates ahead and anyone stuck with bonds is in a heap of trouble.  I’m sure TBTF banks are in the clear, but couldn’t these parameters spell doom for select regional banks.

Who are these guys: 

“…the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”

Professor Carroll Quigley – Georgetown University

Tragedy and Hope: A History of the World in Our Time (1966)

(special thanks to Gordon T. Long of  LCMGroupe for this quote - http://lcmgroupe.home.comcast.net/~lcmgroupe/Tipping_Points.htm)

Here’s a link to the official press release:  http://www.bis.org/press/p100726.htm

Here’s a link to the details of the agreement: http://www.bis.org/press/p100726/annex.pdf

Update: Richard Thomas of Bank of America provides this detailed explanation of the Basel III rewrite as reported by the most excellent website www.zerohedge.comhttp://www.zerohedge.com/article/basel-iii-gutted-delayed-even-existing-regulatory-regime-too-burdensome-insolvent-banking-in

President of the United States To Make History

July 26th, 2010

by appearing on a daytime talk show…

http://theview.abc.go.com/blog/president-barack-obama-appears-thursday

Channeling Brooksley Born

July 26th, 2010

Iowa Senator Chuck Grassley has a few unanswered questions for Goldman Sach’s Lucas van Praag who attempts to describe how the end justified the means.

“The government determined that a collapse of AIG would be systemically disastrous.  And of course if a systemic problem had ensued, we along with every company in the world would likely have been affected.”  Lucas van Praag, Goldman Sachs

Here’s a link to Senator Grassley’s questions and the documents detailing the financial relationships.  http://4closurefraud.org/2010/07/24/shocking-goldman-sachs-documents-list-financial-institutions-with-whom-goldman-had-hedged-the-risk-of-its-exposure-to-an-aig-default/

Here’s a link to a previous post for the one person who refused to stop asking the same questions.  Once again, the folks here at TradeWithDave.com proclaim Brooksley Born for President!  http://tradewithdave.com/?p=1215

Update:  Questions and Answers from the heartland.  The Des Moines, Iowa register gets in the game: http://www.desmoinesregister.com/article/20100724/BUSINESS/7240337/Goldman-Sachs-reveals-where-bailout-cash-went

Update:  USAToday offers this simplified 5 minute video explanation of the Goldman Sachs saga: http://link.brightcove.com/services/player/bcpid42806360001?bctid=180367718001

China’s People’s Bank Makes Case For The Basketcase

July 23rd, 2010

Here’s a link to the People’s Bank of China explanation of why they’re moving away from the U.S. dollar as a reserve currency.  Why now?  Because the plan is going to be to accelerate the velocity of money finally here at home which is going to kick off inflation and a rise in interest rates and China wants out of the U.S. dollar before that happens.  The plan as I see it, is to accelerate the economic engine just in time for some meaningful job creation prior to the November election season, to be followed immediately thereafter by huge jumps in inflation and rising interest rates.  So much for the great run in bonds over the past six months with unexpected rises in Treasury yields.  If this is the plan, the fourth quarter financial reports for equities could be stellar. 

With more stimulus appearing to be off the table, velocity is the best substitute without expanding the money supply or reducing rates.  How does the Fed increase velocity.  It’s simple.  Create a situation where they can no longer arbitrage on treasuries with money they borrowed from the Fed.  When that happens banks will have no choice but to start lending money or to close their doors. 

Here’s the interesting question.  Will the International Monetary Fund and the Bank for International Settlements special drawing rights be a part of this new basket of currencies?

http://www.pbc.gov.cn/english/detail.asp?col=6500&id=196

Makes Me Want to Give Up

July 23rd, 2010

When someone comes along and virtually removes all the speculation from the situation, it makes me feel irrelevant.  This is without a doubt the single most imporant thing I have read since the fall of Lehman Brothers. 

I have no idea who this guy Gordon T. Long is, but this is…, well, I’m speechless.  My only comment would be to say that normally the only people who can get it right to this level are the CIA.  And if it’s the CIA, then there is always a possibility of disinformation.  Nonetheless, this is off the charts:  http://home.comcast.net/~lcmgroupe/2010/Article-Sultans_of_Swap-Gold_Swaps.htm

Does This Contract Represent 84% Ownership In Facebook?

July 23rd, 2010

http://www.scribd.com/doc/34742607/Facebook-Ceglia-Contract

Our most popular blog post on Facebook was titled Trust and the Trillion Dollar Brain.  If we end up doing research into this 2003 alleged contract with Paul Ceglia, I think we’ll title it; Contracts – They’re Still A Social Norm or maybe Trust and the Just Desserts. 

Special thanks to BusinessInsider.com for the Scribd link to the purported contract… we’ve been searching for the image.

For previous blog posts on Facebook click here: 

http://tradewithdave.com/?p=261

http://tradewithdave.com/?p=816