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Citizen Alert: The Philadelphia Lew Blum Towing Parasite King

Beware of where you park in the cities these days. City governments need revenue and will gladly extract it from unsuspecting citizens through systems designed to entrap you.

Not being a resident of the city of Philadelphia and rarely driving to the city, I was unknowingly caught in one such scam quite recently. It cost me $205. The $5 part likely being the last scam in the process.

How The City and Lew Blum Towing Work It

I parked my car to have lunch with my kids (now all young adults). Two were in town visiting. One from New Lew Blum Towing ScamYork and the other from Los Angeles. Great lunch at a place called The Lift on 13th St. between Callowhill and Spring Garden Sts. While I ate, my car was being towed. Nice dessert huh?

It was parked in front of a red car inside the white line. I was careful when I parked to make
sure none of it was in the X’d out box. Unbeknownst to me at the time, in my haste to meet my offspring, I missed a few things.

The Parasite’s Spider’s Net

What I didn’t notice was the faded white line on the sidewalk and the fenced in, overgrown, pad locked and abandoned and obviously unused parking lot to my right with the signs on it. This was my mistake to the tune of $205 as it turned out.

What I did notice was the empty space where I parked my car. I panicked and called two of my daughters. Neither answered. I called my son-in-law and fortunately he did.

I told him I thought my car was stolen. He asked me if it was towed. Hadn’t thought of that. That is when I noticed the sign on the fence of the abandoned and unused parking lot. It had a number to call on it.

Lew Blum Towing- Working It All Day Long

While I was on the phone with him, I also noticed another car being towed on the next block up by Lew Blum Towing. Now, Philadelphia-20140726-00532it all suddenly fit. Apparently, this is an all day endeavor. No rest for the wicked as the saying goes.

I took photo’s and called the number on the sign. A dull sounding voice answered. I said, “I think you guys towed my car.”

He asked for the type of car which I described. The response was, “Yeah, we got it. $205 cash to pick it up.”Philadelphia-20140726-00529

I extracted the address. (It was on the sign which I didn’t notice until after I hung up.)

My son-in-law arrived a few minutes later. He took me to a local bank where I drew out the cash. We went up to 40th and Girard. Drove around for a bit looking for a parking lot. Not seeing any we scouted around a bit and noticed a tow truck parked on a side street. Then, we spotted this door. Whoda thunk?

Philadelphia-20140726-00538

When you open the door. You walk into a run-down, very narrow, and claustriphobically small dark room with a thick window and a slot at the bottom with two pad-locked doors. One with the Lew Blum proclamation “Parking Lot and Driveway Enforcement Specialists” on it. Gee, a new specialty- scamming citizens out of money. Nice way to make a living huh? (Pics are a bit blurry but you get the picture I think.)

The other was locked and marked Private facing you as you enter.

Philadelphia-20140726-00534

No one was present but I heard a TV on and voices. Couldn’t see into the room. Knocked on the window. No one answered. TV was too loud I guess. I noticed 2 unmarked bell buttons. Pushed the lower one figuring the other must be to the upstairs. A young black man eventually appeared. He asked me for a photo license and my keys. I reluctantly gave him both after some minimal resistance or obviously would not have gotten my car.

The 20% City Tax

I asked him why $205 when the sign says $175 and $25 daily storage fee. He said it was a 20% city tax. 20%? Uh, dude 20% of $200 is $40 and of $175 is $35. Uh, how does that equal $5 ya friggin moron? (Basic math apparently wasn’t his strong suit.) I ran through that in my head and didn’t say anything. I figured it was his self-imposed tip.

I told him that all I had was $20 for the extra $5 and asked him if he had any change. He said, “No, but there is a store on the corner you can get it from.” My waiting son-in-law fortunately had $5 so I didn’t have to go to the store which would probably have tried to make me buy something to get change was my speculation since it is likely a regular request.

He left and after a little wait came back with my keys and license. He took the money and gave me the license back. I asked him where the car would be. He replied, “Open the garage door next door and the keys will be on the dashboard.

The Steel Door

I went out the door and noticed a steel garage door to the right of the door. I tried to open it but it was solidly shut. A local black man in his 50’s I guessed was coming up the street. He passed and mentioned something about thePhiladelphia-20140726-00539 friggin scam. He obviously knew what was going on. Most street locals do and can give you the real scoop on more than you might think. It’s the middle class working stiff’s that end up the butt of most of these kind of spider’s nets.

The steel door rolled open after some delay. There was my car in front of another steel door. Just enough space between the steel doors to park your car and return to the safety of their scam center. Well, at least they were polite enough to leave the door open for me. Valet parking however is quite costly in the city these days however.

Very little human interaction. Just the exchange of your cash for your car. Is it even on the books? Who knows. Does Lew even declare it all? It’s all done in cash.

The Receipt

I did get a receipt which had the official Lew Blum Towing Co. Inc on it along with “Parking Lot Enforcement“, “Driveway Enforcement“. (See shot above for the official Lew Blum reception area.) Obviously, the City government and Lew Blum work together cooperatively since I watched another car parked in front of a fire hydrant being towed while I waited for my ride. But hey, it’s for the good of the citizens of course. Just ask honest Lew he’ll tell ya for sure.

After all, Lew’s website claims he makes most of his money from: “property owners, management companies and vehicles that need roadside assistance.” Sure Lew, and snakes really do have legs don’t they?

Notice the totals. $175 is along side “Service at Scene” (A questionable claim to say the least. You call towing someone’s car while they eat in a local restaurant service? For whom I wonder? Not for the private citizen obviously.) and $25 is alongside “Total Storage Charges” (They tow my car and then charge me $25 to store it for a couple of hours at the most. Part of the legalized theft scam obviously.)

The $5 so-called 20% city tax (Guess math wasn’t this dude’s major in school.) wasn’t beside any column. Just part of the total. Nice huh?Philadelphia-Towing-Scam-Receipt

Philadelphia-Towing-Scam-Receipt-Totals

An Expensive Lesson Learned

Cities are hurting for revenue. City and State debts just like our Federal Government which has a national debt sitting at $17.6 Trillion and growing exponentially higher at a greater rate of increase. Local taxes are growing and they are all crying poor. Banks are getting Billion$ bailouts amounting to Trillions. The ultra rich engineer tax breaks and put their money into Foundations to avoid taxes. (Which they use to direct that money into where they want it to go and keep it away from the hands of government. Tax exempt Foundations arose about the same time that the income tax began in 1913 BTW. How coincidental huh?)

Then, you have parasites like Lew protecting the property rights of abandoned, overgrown and pad locked parking lots. Real important work you know. A true service to human kind and our cities.

Meanwhile, a short block up, he was towing a car parked in front of a fire hydrant. Is that private property now Lew? Obviously not!

Who funds the city I wonder? I work in the city and pay city wage taxes amounting to thousands of $ a year? Now I pay Lew for something that impacted absolutely no one but the one caught in the web. (And Lew’s pocket’s too along with my scammed $5 tip.)

You really have to stay alert these days. Watch yourself on highways where the local and State police are waiting to spring a fine for not coming to a complete stop at that stop sign or for the tail end of your car in their arbitrary zone when the light turns red etc. And parking? Well, they’ll get you either way in the cities these days. If you pay for outrageous public parking (in many cases) they get a cut.

If you get scammed by not being fully aware of your choice, you get burnt like I did. Either way you are making up for their short falls and feeding a local parasite as well too.

The ultra rich aren’t. They have the money to pay for the rules to be constructed in their favor.

NationalDebt_7-26-14

Our Debt Grows Exponentially. Over 7 Trillion $ since Obama Took Office!

 

Below are some links to other articles on scams associated with or in the cities. If you have any others let me know and I’ll post them to inform others.

Meanwhile, as the old Amish grandfather said to the character Harrison Ford played, John Book, in Witness:

“You be careful out among them English.” Oh, and watch out from them Lew Blum signs too while you are at it.

General Petreus- America is Over. After America Comes North America.

Long time member of the globalist pushing, elite membership Council on Foreign Relations and regular attendee of the Bilderberger meetings, General Petraeus has declared that our sovereignty as a nation is over. This was Petraeus’ answer to the question, “After America what?” at the Margaret Thatcher Conference for Liberty on June 18, 2014:

After America comes North America. Are we on the threshold of the North American decades – question mark. I threw away the question mark and boldly proclaimed the North American decades as the title now. It’s founded on the recognition that if you put these 3 economies together, as has been the case 20 years into the North American Free Trade Act Implementation, you find unique countries in terms of demographics.

What was NAFTA really about?

So, what is the globalist Petreus saying here? First of all, he is acknowledging that the NAFTA agreement was designed not as a free trade agreement as it is billed as but as a way of stitching together the 3 sovereign nations of the United States, Canada and Mexico into one regional governance area. The borders are no longer existent under NAFTA as the 3 nations have been “harmonized” as the globalists are wont to say into one regional government.

I have already posted on how the free trade agreements are NOT about free trade but rather about the complete opposite of the label. That is, they are about taking America’s sovereign capabilities to control its own trade established by the U.S. Constitution and transferring that power to the United Nations. The example I used was the Columbian Free trade agreement, but as Petraeus confirms each one of these agreements accomplish the very same purpose.

The overall plan is to stitch sovereign nations in various regions together under the deceptive guise of free trade. Then, bind them together under the United Nations into one world government. In case you think this may be a bit of a leap, do some research on the European Union set up. It started out as a free trade agreement and now has its own courts, taxation, currency, laws, military and police…etc. Oh, and they also provide trade regulations as well.

The plan is to implement the same order here as well. That is why Petraeus proclaimed it is no longer a question. It is a reality. Is he right? Quite possibly as all of the puzzle pieces are in place to undermine this nation and railroad us into one regional government.

Honorable Mentions by Petraeus- Robotics

Petraeus also made mention of advances in robotics and genetics. He suggested that robots would soon be displacing large numbers of manufacturing workers across North America and even the world.

Combined with the wave of illegal immigrants currently pouring across the southern U.S. border as part of what officials and critics have said is an orchestrated operation endorsed by the Obama administration, the competition for jobs, then, will become even more intense. Indeed, the wage gap between the United States and Mexico is narrowing. Contributing to this is the smallest participation in the work force we have had in the last 36 years. Unemployment numbers have dropped not because job rates have risen but because more people are simply not looking any more.

Add the intentional increase in illegal immigrants supported by our government now, plans to eliminate workers through robotics, massive losses in the manufacturing job sector along with outsourcing and the future for American labor is not looking all that bright.

For people like Petraeus this is good news. His intent is one world government. If you have to hurt a few million Americans in the process, so what? It is after all for their own good right?

Below are some articles that demonstrate the smoke blowing nonsense that we are fed and the reality we seem to miss on NAFTA. Note the manipulative assessments.

Another Reality That Offsets the False Recovery- Huge Unsold New Car Inventories!

Author and blogger,Vince Lewis,  updated his post (Unsold Cars) on unsold new car inventory recently and it does not make the claim of recovery seem very promising or real. Picture after picture, view-able on Google Maps even, show huge lots of brand new car inventory just sitting in the sun or rain in the UK.

Unsold_Cars_Sheerness_UK

Unsold New Cars Sheerness_UK

NewCar_Inventory_NissanFactory_Sunderland_UK

New Car Inventory- Nissan Plant, Sunderland, UK

There are also see views in Port of Baltimore, Md. where there is another chunk of inventory spread over many acres. Another large unsold inventory sits beside the Nissan plant in Sunderland, UK. There are large chunks in Spain, Italy and even Russia. And these are not luxury vehicles but rather cars that the average person should be able to afford, through bank sponsored financing of course.

Nevertheless, if this recovery were actually happening then why this huge, global stock pile? Could it be that the world economy is shouting out loud that by and large there is no money to spare on purchasing new in the average family’s budget?

Even China is Feeling the Pinch

The Chinese auto industry has grown tenfold in the last decade to become the world’s largest, looking like a formidable challenger to Detroit. But now, the Chinese industry is starting to look more like Detroit in its dark days in the 1980s.

Inventories of unsold cars are soaring at dealerships across the nation, and the Chinese industry’s problems show every sign of growing worse, not better. So many auto factories have opened in China in the last two years that the industry is operating at only about 65 percent of capacity — far below the 80 percent usually needed for profitability.

The Looming Problem

The underlying problem is not just the millions of unsold cars building up around the planet. It is the need to continue manufacturing new cars despite the fact that inventories are building to remarkable levels. If the auto industry adjusted their manufacturing to meet actual need, they would have to close plants and lay off thousands of workers further exacerbating economic decline. This would in turn produce a domino effect in the steel industry and parts industries where car parts are made and result in additional tens of thousands more layoffs. Where would the recovery story be then one has to wonder?

Meanwhile, sales of high end cars like BMW, Ferrari, Porsche, Mercedes, Rolls-Royce have shot up 80% while the inventories of the lower priced more affordable cars sit and waste away. This points to a further stratification of the natural distribution of wealth which always occurs under Marxist oriented socialist systems which are growing as governments “democratize”.

What a Waste!

A more insidious issue here is the waste of human effort and valuable resources. When a new car is left idle:

  • Oil sinks to towards the bottom of the engine.
  • Normal weather conditions wear on the unused and unprotected engine parts
  • Condensation begins to build up in the cylinders producing rust in the bores.
  • Over time, unless these vehicles are professionally freed they will seize when started.
  • The batteries start to lose their charge.
  • Tires lose air.
  • New paint finishes begin to lose their luster and oxidize and more.

Fact is, unless a vehicle is taken care of it will simply deteriorate into waste.

After a few years of sitting there will be no alternative to either crush these never owned, new vehicles or dismantle them (at least some of them) for parts. But for now, the inventory build-up continues. All to promote the illusion that there is a recovery. Like the illusion and economies built on monopoly money like the Federal Reserve note, it cannot last. The jig will one day be up.

Meanwhile, keep your eyes open and take precautions. At some point, signs like these that are being shut off from the public eye by a media more interested in Miley Cyrus, American Idol or gay football players, will be recognized for the reality they actually point to.

 Related articles

      Patriots_Plan

Collectivists Like Putin Hate Internet Freedom- Brands it a “CIA” project

The attack on freedom of expression by the State loving collectivists continues to grow. Recently, using the NSA spying and Snowden as an excuse Putin labeled the internet a CIA project (ostensibly because of its origins with the Defense Advanced Research Projects Agency (DARPA) which is an agency of the United States Department of Defense.), Putin called for more international control of the internet and the break up of ICANN or the Internet Corporation for Assigned Names and Numbers which is a nonprofit organization that coordinates the Internet’s global domain name system.

Bloggers in Putin Russia- Now a Threat to National Security

How much freedom do you think we will have under that arrangement? Look to China and Russia for the answer to that question. Meanwhile, while Putin is slamming the CIA created internet and citing foreign influence at Yandex (Russia’s most popular search engine), the State DUMA, or Russian Federal Parliment, passed an anti-terrorism bill that will allow Russian bloggers to be prosecuted for publishing content deemed to be a threat to national security. Guess who does the deeming?

Under the amendment, any blogger, social network site or personal website receiving more than 3,000 hits a day with commercial advertising on their blog will be categorized as online media.  The fines for breaking the new law range from 10,000 to 50,000 rubles ($280 to $1,400) for individuals, and 50,000 to 500,000 rubles for legal entities.

Putin’s Real Concern

Putin_speaking_to_media

Is that KGB/FSB past kinda
bleeding through perhaps?

What Putin really hates is the freedom of expression that the internet allows, not the CIA spying. Heck, anyone with even half of their brain cells working knows how deceptive the Soviet spy network is and has been since the inception of the KGB agency under Communism which still reigns in Russia despite the claim that it converted to a Democracy when it allegedly “collapsed” in the 90’s.

Putin’s Real Background

Putin spent 17 years as a mid-level agent in the Soviet KGB’s foreign intelligence wing, rising only to the rank of lieutenant colonel. Then he was hand picked to run for President by Boris Yeltsin even though he spent most of his career in the background. Somehow, despite his lack of public polish, he won the “election” if that what you could call a Russian political race. (Or our Presidential elections for that matter these days as well which as we’ve witnessed with Obama are illusions not elections.)

Brazil President Rouseff – Marxist in Drag – Concurs

Putin’s remarks gained ground in Germany and Brazil. Of course, the Brazilian President, Dilma Rousseff is a former Marxist guerilla who spent 3 years in jail for some of her terrorist activities. Why wouldn’t she side with a Statist collectivist like Putin? She is cut of the same cloth.

Obama Too?

Putin_and_Obama_Meet_in_Moscow

Two Peas in a Pod
The Buds Confer

Oh, and speaking of cut of the same cloth, while Putin is pushing for control of the internet back in March, Obama agreed with his bud during his visit to Moscow. This led to hearings on April 2, 2014 by the Subcommittee on Communications and Technology which conducted a Hearing on “Ensuring the Security, Stability, Resilience, and Freedom of the Global Internet”

The Collectivist View of Reality

The bottom line is that collectivists, or people who believe our freedoms are best determined by the State since we exist for its benefit and not for our own or our family’s, detest the freedom of expression that the internet allows. That is why a State dominated society like China rigidly controls its internet and Russia has implemented controls such as those expressed above against bloggers that are “deemed” to be a threat to national security which is a euphemism for any truth not sanctioned by the controlling elite or Communist core.

As long as we maintain our comments within approved expressions such as comments on American idol or some meaningless media “super star” like Miley Brainless all is well. However, venture too far into unsanctioned territory such as the truth about Putin, Obama, or former terrorist Dilma Rousseff and you are probably venturing into becoming a threat to national security.

The fact is, any expression of individual freedom under the tyranny of the State is a threat to their security as the controllers of our realities. This is simply uncivilized and not to be tolerated. Meanwhile anything you can do to thwart this movement is important. Look for the buzzwords of internationalization of the internet. We don’t need it. What we do need is less government in our faces and a return to the intent of the first amendment.

P.S. – As noted by Art Thompson in the video below since the Lincoln administration which first took Federal control of a public media (the telegraph) the Federal government has exerted control over all of the major public media except the internet. Guess what is next?

 

 

 

 

 

 

Michelle’s Visit to China Speaks Volumes – Is Anyone Listening?

While the Eukraine crisis continues and sanctions create tensions, Michelle and her daughters are visiting in China for a weeklong visit emphasizing education and cultural exchange. (Read that more like propagandizing our youth, as they do in China and Russia with their educational systems, and what globalist one-world enthusiasts refer to as “harmonization” which is to say the comfortable blending of unique cultures into one “convergence”, i.e. transformed, culture- a goal of the one world government crowd.)

It is said that one can judge a person by the company they keep. Perhaps Michelle’s unscheduled, surprise visit on her first day from Xi Jinping, referred to in the media as the “President of China” serves as such a clue toMichelleObama_and_Xi_handshake the Obama administration character?

Interestingly, Michelle greeted him in an appropriately colored red dress with a matching color scheme from her youngest daughter as well. Accidental or intentional I can’t say but how often does Michelle wear all red I wonder? Just curious.

The visit with Xi, while seemingly just a casual social meeting, to me says volumes about the Obama administration and its intent if you accept that you can judge a person (or administration) by the company they keep. So I decided to do a little research on who this Xi guy is and what kind of a character he represents.

Who is Xi Jinping?

First of all, he is not “just” the President of China. The 61 year old Xi Jinping is also formally the General Secretary of the Communist Party of China, and the Chairman of the Central Military Commission. As General Secretary, he is also an ex officio member of the CPC Politburo Standing Committee which is China’s de facto top decision-making body.

According to the Chinese Constitution, the General Secretary must be a member of Politburo Standing Committee, China’s de facto top decision-making body. Since the early 1990s, the holder of the post has been, except for transitional periods, the Chairman of the Central Military Commission making the holder the leader of the People’s Republic of China

Since the abolition of the post Chairman of the Communist Party of China in 12th Central Committee in 1982, the General Secretary is the highest-ranking official of the party and heads the Central Secretariat, Political bureau and its Standing Committee.

Since its founding, the most important position in the People’s Republic of China has been that of the General Secretary. As a single party state, the Communist party leader holds ultimate power and authority over state and government.

In other words, Xi Jinping, is a very powerful man in China. More powerful than the simple media label of President of China conveys which conveniently ignores the Communist Party connections.

To give you an idea of where Xi stands on the power table in China a list of general secretaries and chairmen quickly reveals that one of the most known of these leaders was Mao Zedong who served as the Chairman of the Communist Party from 1943 to his death in 1976. A nice lineage to follow for Xi.

A Pointed Warning to Michelle

“China views Mrs Obama’s trip most positively,” said Shen Dingli, professor of international relations at Fudan University in Shanghai. “If she is humble and respectful, she will win the support from the Chinese public for building good relationships with the United States under the leadership of her husband.”

In other words, if she stays in line, we will give her the Communist stamp of approval. With the red dress greeting, I don’t think that will be a problem Mr. Dingli. Not to worry. She’ll be good for sure.

Some of Xi’s Pet Projects

Secretary General Xi has some interesting pet projects. For example, as noted in the New York Times (a long time Corporate member of the Council on Foreign Relations, just sayin.):

SHANGHAI — President Xi Jinping is presiding over a new working group on cybersecurity and information security, China announced on Thursday, a sign that the Communist Party views the issue as one of the country’s most pressing strategic concerns.

The government said Mr. Xi and two other senior leaders, Prime Minister Li Keqiang and Liu Yunshan, a member of the Politburo Standing Committee, would help draft national strategies and develop major policies in a field that might include protecting national secrets and developing digital defenses, among other goals. “Efforts should be made to build our country into a cyberpower,” Mr. Xi said in a statement released after the first meeting of the group on Thursday, according to the official Xinhua News Agency.

The announcement comes as Mr. Xi is solidifying power, mounting a bold crackdown on corruption at the top of the Communist Party and pushing through overhauls aimed at strengthening and restructuring the country’s economy. In his first year in office, Mr. Xi, 60, seems determined to signal that he is firmly in control, amassing powers that some analysts say hark back to Deng Xiaoping’s tenure as the country’s supreme leader. 

Note: In other words, China does not strongly encourage individual expression and will have the chops to make sure it doesn’t happen too often.

Another Pet Project

Elite in China Face Austerity Under Xi’s Rule

The crackdown appears to be real, as far as it goes, which may not be very far. After a year of scandal that led to the toppling of a member of the Politburo, Bo Xilai, and numerous reports of widespread official corruption, Mr. Xi’s highly public campaign seems aimed at curtailing the most conspicuous displays of wealth by people in power. He has done little to tackle the concentrations of money and power in China’s state-directed economy that have allowed numerous members of the Chinese elite and their extended families to amass extravagant fortunes.

Some analysts note that even a modest first step toward reducing corruption, a proposed regulation that would require top officials to disclose their personal assets publicly, appears to be stalled, highlighting the elite’s resistance to real change.

Wu Qiang, a political science professor at Tsinghua University in Beijing, expressed cynicism about the moderation campaign, saying it distracted attention from the kinds of political reform necessary to make government more accountable and transparent. “More than just restricting people’s eating habits, we need to restrain the party’s power, otherwise this is just political farce,” he said.

Parallel with Obama Perhaps?

Xi Jinping consolidates power and stabilizes China

David Ignatius, Washington Post, Opinions, Published: February 28, 2014

“Since taking over as party chief in November 2012 and as president last March, Xi has transformed what was a colorless collective leadership into an aggressive instrument of control and reform. “Xi Jinping marks the arrival of a golden age for Chinese neo-authoritarianism,” commented Chinese scholar Xiao Gongqin in a November 2013 interview with the New York Times.

The “princeling” son of a famous revolutionary and a fan of the movie “The Godfather,” Xi has used all the levers of power in this one-party society. He has launched an anti-corruption campaign that targeted top officials of Beijing’s state security bureau, the national oil company and other previously untouchable power centers.

Like so much in modern China, Xi’s reforms are a study in contradiction. He proposes at once that market forces have a “decisive” role in the Chinese economy and that state ownership play a “leading” role. A Chinese official conceded during a conference here that “it’s obvious” there is a conflict between the two mandates, but both are attempts to “crack the nuts” that block change.

“The old way is unsustainable,” this official told the conference, the Stockholm China Forum, which was organized by the Shanghai Institutes for International Studies and the German Marshall Fund of the United States (of which I am a trustee). But the official stressed that “We should not expect that reforms led by the Communist Party will weaken the party’s leadership.” Quite the opposite; Xi wants to enhance the party’s power.

So, What is Xi Jinping’s Chinese Dream Anyway?

“The fear is that Xi is a nationalist, who has set China on an aggressive course of bullying its neighbors and confronting the United States.

The fear seems not unfounded. China has intensified its territorial claims, from island disputes with Japan to vast areas of the South China Sea.

Xi frequently inspects People’s Liberation Army forces, especially naval fleets, exhorting China’s military to “get ready to fight and to win wars” and “to win regional warfare under I.T.-oriented conditions.”

Xi holds China’s top three positions: head of the ruling Communist Party of China, head of state, and, as chairman of the Central Military Commission, head of the military. He will likely lead China for a decade.

The Chinese Dream has four parts: Strong China (economically, politically, diplomatically, scientifically, militarily); Civilized China (equity and fairness, rich culture, high morals); Harmonious China (amity among social classes); Beautiful China (healthy environment, low pollution).

Xi was not selected by Deng Xiaoping, the architect of reform, as were his predecessors (Jiang Zemin and Hu Jintao), and he was not elected by the people.

To perpetuate its rule (which China’s top leaders truly believe is essential for the well-being of the country), the Chinese Communist Party has constructed a grand narrative that is founded on three critical claims: Only the Communist Party can continue to improve citizen’s standard of living (and ameliorate severe social and economic disparities); only the party can maintain a stable, unified country and construct a happy, harmonious society; and only the party can effect the “rejuvenation of the Chinese nation,” which stresses a firm command of “core interests” (i.e., sovereignty and territoriality) and increasing global respect.

Late last year, Mr. Xi was named to head a leading working group on overall change and a state security committee that some experts say was inspired by the National Security Council, which advises American presidents. He has also presided over a government that has tightened control over the news media and Internet microblogs.”

Note: All of the above re: Xi’s dream points to collectivism. That is that the collective is greater than the individual. Individual freedoms and liberties must be sacrificed for the greater good- a decidedly Marxist point of view.

The Overall Purpose of Michelle’s Trip? Just Pleasantries

Michelle Obama, the first US president’s wife to visit China independently, thanked Xi for the warm reception, telling him: “We have had a wonderful first day here in China.”

He (Xi) responded: “I cherish my sound working relationship and personal friendship I have already established with your husband. We stay in close touch.

Gee, I never got that impression from our media yet obviously Xi has a different viewpoint than our media. My questions are:

What kind of a “sound working relationship”?

And how close a touch?

Keep in mind that this statement is being made by the Secretary General of the Chinese Communist Party or its de facto head.

Earlier in the day, Obama played table tennis at Beijing’s elite Second High School and met students who were building robots. The school has 33 American exchange students, and some of its Chinese students aspire to study in the US. How appropriate that Michelle visit a school where they are building robots. I can not help but think that this seems like a nice parallel to the Obama administration dream to me.

Even though the purpose of Michelle’s trip is ostensibly simply to emphasize education and cultural exchange, her meetings with remarkable men like Xi speaks volumes once you understand just who this man really is and what he represents. He is more than just a casual social visitor greeting a first lady. He stated so when he referred to his close working relationship with Barack with whom he stays in touch.

There is to me quite obviously more than meets the eye here and more to come for sure. Of course, no reporters from the U.S. were allowed to accompany Michelle to China. We just get to pay for it and they get to spin it. The question is who profits? Why so chummy with a communist party leader I wonder? Do they all share the same dream perchance?

I don’t know, it all just seems kind of reddish to me.

 

Is This What You Call Human Evolution? Burning Babies for Heat Instead of Witches?

Apparently, man has continued to evolve. Instead of burning witches at the stake we now burn aborted babies instead. I suppose some heartless souls would describe that as progress since the “clinical waste” (which is the label aborted babies get tagged with) can now serve as heat production sources after their deaths providing benefit to the living.

Don’t count me in with that crowdBaby_In_Arms please. I’d rather be classified as primitive.

As it turns out, an investigation discovered that the bodies of hundreds of aborted and miscarried babies were incinerated as “clinical waste”. However, it gets better. In an apparent stroke of genius, some of this “clinical waste” was used to heat hospitals.

Ten UK National Health Service trusts have admitted burning fetal remains (That would be aborted, or murdered as some would describe it, babies.) alongside other rubbish while two others used the bodies in ‘waste-to-energy’ plants which generate power for heat.

FACTOID: A developing fetus has both a heartbeat and brain waves at 8 weeks. If a human being has a heartbeat and brain waves are they not considered alive?

Last night the Department of Health issued an instant ban on the practice which health minister Dr Dan Poulter branded ‘totally unacceptable.’

Bear in mind that NHS trusts changed in April 2013 and a new commissioning system of primary care health fully took over called NHS England

As a result of this move, the DHS hospitals were placed under one central authority NHS England. NHS England claims that “central to our ambition is to place the patients and the public at the heart of everything we do”. Apparently, dead babies are out of the patient mix and considered to be nothing more than rubbish or a source of cheap heat.

At least 15,500 fetal remains were incinerated by 27 NHS trusts over the last two years alone, UK’s TV Channel 4 Dispatches discovered.

The program found that parents who lose children in early pregnancy were often treated without compassion and were not consulted about what they wanted to happen to the remains.

 Mothers Told They Were Cremated

While the mothers were told that their babies had been cremated, Addenbrooke DHS in Cambridge incinerated 797 babies below 13 weeks gestation at their “waste to energy” plant.

Ipswich DHS, operated by a private contractor, beat them with a total of 1,101 incinerated remains between 2011 and 2013. They were brought in from another hospital before being burned to generate energy for the hospital site. Ipswich Hospital itself disposes of their own generated remains by cremation.

Powers That Be Are Upset Of Course

“This practice is totally unacceptable,” said Health Minister, Dr Poulter. “While the vast majority of hospitals are acting in the appropriate way, that must be the case for all hospitals and the Human Tissue Authority has now been asked to ensure that it acts on this issue without delay.”

Human Tissue Authority? Sounds a bit Orwellian to me.

Sir Bruce Keogh, NHS Medical Director, has written to all NHS trusts to tell them the practice must stop. The Chief Medical Officer, Dame Sally Davies, has also written to the Human Tissue Authority to ask them make sure that guidance is clear.

And the Care Quality Commission said it would investigate the programs findings. Where was the Care Quality Commission before TV 4 arrived I wonder? And the best they can offer is another investigation? Sounds like they have been moved to action by compassion huh?

Prof Sir Mike Richards, Chief Inspector of Hospitals, said: “I am disappointed trusts may not be informing or consulting women and their families. This breaches our standard on respecting and involving people who use services and I’m keen for Dispatches to share their evidence with us. We scrutinize information of concern and can inspect unannounced, if required.”

 Sir Mike is disappointed in the lack of consultation to the woman but no mention is made of the aborted babies. Guess that part isn’t disappointing.

According to NHS Figures- Makes it OK?

A total of one in seven pregnancies ends in a miscarriage. NHS figures also show there are around 4,000 stillbirths each year in the UK, or 11 per day.

Ipswich Hospital Trust said it was concerned to discover that fetal remains from another hospital had been incinerated on its site. A spokeswoman said: “The Ipswich Hospital NHS Trust does not incinerate fetal remains. She added that the trust “takes great care over fetal remains”

 Of course, she forgot to add, “Most of the time anyway.”

A spokesman for the Cambridge University Hospitals NHS Foundation Trust said that trained health professionals discuss the options with parents ‘both verbally and in writing.’ “The parents are given exactly the same choice on the disposal of fetal remains as for a stillborn child and their personal wishes are respected,” they added.

 A Natural Outgrowth of Two Movements?

Seems to me that this practice is a natural outgrowth of 2 primary movements in our societies.

The first is the callous disregard for the developing baby. The labeling of the unborn as a fetus creates an object in the mind of the perceiver. It is not a developing human being. It is a fetus.

However, as mentioned above, a so-called fetus has a brain wave and heartbeat by 7 or 8 weeks. What is considered a human life if not one which has a working brain and a heart beat I wonder? Human flotsam until delivered?

Fact is, there is more concern for the mother’s needs than for the needs of the child developing in her womb. The needs of the State have become more important than the needs of the individual and apparently the unborn as well.

Socialist Medical Care

In actual practice it seems, socialized medicine ultimately removes the human element particularly when it becomes more and more centralized and detached from the local community. Patients and their treatments become statistics and costs rather than living and breathing human beings it seems.

Lives become expendable when they cause costs to rise and costs necessarily do rise under socialism. With the brake of out of pocket costs removed, spending grows appreciably. Consumers don’t get to vote with their dollars and competition goes out the window. The only competition is for approval as a government provider. Once that happens, its how much can we charge and get away with before it is noticed.

Entitlement mentality consumers don’t think about costs. They aren’t paying it. Someone else will. Reminds me of the smokers who carelessly toss their butts on the ground. What do they care? Someone else will clean it up right?

Just as the number of butts on the ground grow, so costs under a socialist system continue to grow. That’s when the cost savings generated by the detached propeller heads come in. That’s when useless eaters are eliminated through euthanasia or aborted and miscarried babies get burnt for heat.

It is interesting to note that the practice apparently grew when the DHS system became even more centralized. Is this type of inhumanity a portent of what we can expect with a fully functional Obamacare in the U.S.? Unfortunately, I believe the answer to that question is affirmative.

Like I said, if this is called the evolutionary progress of man, I’d rather be considered primitive. How about you?

Some Final Thoughts on the Guns and Ammo Article- Part 3

Just a few random thoughts about the Guns and Ammo article and the response of the subscribers to the article. While I fully applaud and appreciate their response and pray for more of the same from informed citizens, it is only one issue. While it is an important issue and can reach far, it is limited in scope.

The fact is, the 2nd Amendment is not the only aspect of our freedoms under attack. Every single one of our Bill of Rights and Constitutional freedoms is under attack.

Federal Reserve Controls Our Economy

The economy is under attack from the Federal Reserve cartel and the international banking concerns that it protects and funds leaving our citizens with massive debt. The Federal Reserve is destroying the value of the dollar with its inflationary policies and buying control over politicians who tap into it for funds to run their campaigns (Which is channeled through Corporations and party organizations but originating from the Federal Reserve who issues and controls our money supply.). These same politicians also use the Mandrake Mechanism to buy votes and funds through crony capitalism and pushing through legislation to have pet projects funded which helps these same funding sources.

If we are to survive as a nation economically, the public has to become aware of and do something about this massive deception and misuse of our Constitution as well. If the citizenry were as informed about the nature and actual mechanisms of the Federal Reserve which has produced an unsustainable level of debt as the readership of Guns and Ammo is about the 2nd Amendment, we could produce a massive change in our economic well being.

For example, suppose citizens rejected the Federal Reserve Note and began trading in locally and more broadly based A”real money” based on commodities like silver and gold? What do you think would happen to the Federal Reserve Note? Don’t think it cannot happen. It already is on a smaller scale. It may happen anyway, if the dollar collapses altogether which is a real possibility.

Medical Care or Who Cares Anymore?

Our medical care system has been mightily undermined through Obamacare and Medicare/Medicaid. We no longer have a free market in medical care. In reality,  it is the most heavily regulated market in our economy. The result? Massive price increases and declining quality. Personally, I predict that the persons attracted to this industry, if Obamacare is fully implemented, will decline in quality as well.

The more intelligent and talented will soon see that they will spend a fortune creating massive debt for themselves only to end up little more than a government employee with government regulating their every move. Incomes will decline as regulations and controls grow. Our overall medical treatment system will falter mightily in response.

Education or Indoctrination?

Our educational system is declining steadily. Our youth are being indoctrinated not educated into accepting external authority over their own internal drives, creativity and ambitions as more important than they are. The push by those who wish to control humanity is to install a system of collectivism over the force that produced the most free and abundant nation ever on this planet- individualism.

The greatest innovations came from individuals striving to express their own ambitions and drives for success and the gratification of personal achievement. It did not come from the “collective” a myth as in reality a “collective” can only exist through the tyranny of authority forcing everyone to fit into the same mold as the book by George Orwell “1984” notes.

The fact is everything the government touches turns to you know what. Our educational system is not only declining performance wise but students are graduating with massive debt and no jobs or jobs paying much less than they expected.

And on top of it all, their education is a failure. As an English Literature undergrad major, some of the emails I see shooting around at work are downright embarrassing. Misspellings galore. Long run on sentences with no punctuation. Complete misuse of grammar and the English language. Abominable! And a tell-tale signpost of what our educational systems, at dear cost to the citizens, is actually producing.

And there is more!

The media? Little more than propaganda for the controlling elite. Highly leftist and collectivist and very highly biased. Truth? What truth? There is none these days.

Religion? If you are a Christian these days, you are a fool. Islam? Buddhist? Hindu? Black Muslim? All OK. Christian? Fuggeda bout it! You are anathema to secularism and the fairy tale of evolution. Do you know what the most persecuted religion is in the world today? Yes, today. Do a little probing into the Middle East and what religions they are attacking and whose churches they are burning for some clues.

Guns and Ammo

So what do I take away from the Guns and Ammo response? It is good but it is bad as well.

It shows what informed citizens can and will do when they know whereof for what they stand.

On the other hand, it is a limited response on a singular issue. That is the bad part.

We need more. Much, much more. And we need it soon. Please keep educating yourself. Then take action. Inform others. Get them up to speed. Get them active. A good organization that is active on a wide range of issues is the John Birch Society. Love him or hate him, Alex Jones is another voice in the wilderness. Sure he is brash and too angry at times but heck we need that brashness and anger about now. Too many people are settling for handouts from their slave masters when we need to bite the hand trying to feed us so we can feed ourselves, thank you very much.

There are more. Freedom Force International, Edward G. Griffins site and the Mises Institute and others. Above all, eschew the mass media. Like nearly every one of our politicians they are controlled and not worth paying a bit of attention to other than to keep you abreast of the game plan against your freedoms.

Rant over for now. More to come God willing. Hope it did some good.



 

Guns and Ammo Article on the Second Amendment – Part 2

There are some points to cover in the Guns and Ammo issue that somehow are often overlooked regarding the 2nd amendment. In addition to affirming the right of the people to keep and bear arms, the amendment also emphasizes the Constitutional restriction against a standing army which was not a provision granted to the Federal government. The framers having experienced the tyranny of a standing army knew that if a nation maintained one as all the nations did in Europe, it was going to find a reason to put them to work one way or another.

James_MadisonJames Madison, often referred to as the Father of the Constitution, in the Federalist Papers stated:

“A standing military force, with an overgrown Executive will not long be safe companions to liberty. The means of defence against foreign danger, have been always the instruments of tyranny at home.”

In Article 1, Section 8 of the Constitution in the clauses that define the powers of Congress, the limitations on a permanent standing army are clearly defined:

“To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer term than two Years;” and “To provide and maintain a Navy”

The framers clearly made a distinction in the Constitution between an Army to be called up when needed for a specified duration of time and a full time Navy.

The Function of the Militia

The 2nd amendment affirms the above provision in its qualifying clause. If there was no standing Army to protect the States, then obviously a militia was required to do the job. And to make sure that the militia was well prepared (or well regulated) and also well armed, the people’s right to keep and bear arms shall not be violated.

So, why is it that we have a continuously standing army then? Where and when did that change in the Constitution?

The fact is, it actually hasn’t. What has changed is the people’s will to elect representatives and then hold their feet to the fire thereafter. The fire being the clear provisions of our Constitution. A document that too few pay attention to these days. A document that outlines and affirms our human rights.

As we observe today, Madison (along with Washington and Jefferson among others) was prophetically correct. A standing military force and an overgrown Executive have been used as instruments of tyranny here at home. Take the case of hurricane Katrina for example. Military and even hired contractors went to private homes and businesses to collect arms under penalty of arrest or worse from law abiding citizens. Citizens legally armed who were exercising their 2nd amendment right to keep and bear arms for protecting their persons and property.

Lame Examples

Mr. Metcalf also used some pretty absurd examples to affirm his assumption that all Constitutional rights are regulated. He claimed that shouting “Fire!” in a crowded theater or that practicing human sacrifice in a church constitute regulations granted under the authority of the 1st amendment.

Really now? Shouting Fire when there was none in a crowded theater and human sacrifices by religion need to be referred to the 1st amendment. Not a very convincing application of the amendment IMHO.

Perhaps Mr. Metcalf, in his newly found free time, should conduct some additional research on the 1st amendment now. I will not digress into it as it takes me off topic but I would affirm that his interpretation of it seems to be as off base and misconstrued as his interpretation of the 2nd.

Or how about this example for regulating freedom of assembly? “People who don’t like you can’t gather an “anti-you” demonstration on your front lawn without your permission.”

Come on man. People have a right of privacy and pay taxes on private property. Do we really need to stretch it to the 1st amendment to prevent some idiots from having an “anti-you” demonstration on our lawn. Methinks a simple phone call to 911 would do the trick wouldn’t it with the 1st amendment nowhere in sight!

The Intent of the Amendment

The bottom line to all of this is that, contrary to the fantasies of Statists, the 2nd amendment is not a Constitutional right. It is a right granted to us through natural law which existed before the Constitution was ever written. It is a right that arises from the recognition that people have rights when they are born that come from the Creator, NOT government.

People have the right to protect themselves against threats to their lives and earned property. As the qualifier of the 2nd amendment makes clear, this is necessary in order for people to be secure.

Additionally, the amendment refers to the right as being necessary to the security of the State, not the Federal government. The Federal government really should have bearing on this right. They are never referred to in that amendment anywhere. It is a right of the people’s and the State secondarily, not the Federal government.

Recommended Reading

Personally, I believe that individuals like Mr. Metcalf should read and absorb “Death By Gun Control” by Aaron Zelman and Richard W. Stevens before they so freely surrender the people’s rights and place them under the regulation of government. For as Madison affirms above when referring to a standing army, the loss of our right to keep and bear arms (Including automatic weapons which do have their place to the chagrin of liberals who would have us all disarmed and dependent upon the state.) will lead to a tyranny by government.

As the aforementioned book affirms: “In a totalitarian or police state, the law protects the state.” And there is a cost for laws that protect the state when it comes to gun control. That cost is reflected in what they refer to as the genocide formula:

Hatred + Government+ Disarmed Citizens = Genocide

The facts prove that every genocide is preceded by gun control. Zelman and Stevens provide the historical examples to back that up.

Gun control in reality is control over the people. That is why the 2nd amendment was the 2nd amendment and not the 3rd, 4th or 5th or 10th. The people wanted to make this perfectly clear right up front.

It is that important……after God that is if you consider the importance of religious freedom in the framers and people of the colonial era’s minds to make that right the first.

At any rate, Mr. Metcalf found out what happens when you try to pull the wool over informed citizens minds. They take action. I only wish we had more of them.

Go to Part 3

Heads Roll at Guns and Ammo Over Editorial on the 2nd Amendment – The Power of Informed Citizens, Part 1

I was working on my hunter friend’s computer at work the other day which was ailing. As the processes were taking some time to run, I picked up an issue of Guns and Ammo (December 2013) he had around and browsed through it.

On the last page was the closing editorial entitled “Let’s Talk Limits: Do certain firearms really constitute infringement?” As I read through it I was quite surprised at the conclusions the author was drawing. Particularly in a magazine entitled “Guns and Ammo”!

Since, I am not a subscriber to the magazine, apparently this caused quite an uproar as it should have. However, I just wanted to throw my 2 cents in the ring even though the end result was IMHO favorable.

The Claims of the Article

The author of the article, Dick Metcalf, made the following statement in his article after printing the text of the amendment:

“Note carefully: those last 4 words say “shall not be infringed”. They do not say “shall not be regulated.” “Well regulated is, in fact, the initial criterion of the amendment itself…..I bring this up because way too many gun owners still seem to believe than any regulation of the right to keep and bear arms is an infringement. The fact is, all constitutional rights are regulated, always have been, and need to be.”

Now, bear in mind that the Bill of Rights arose out of much debate during the ratification conventions. In fact, considerably more representatives debated during the ratifying conventions than at the ConstitutionalSecond_Amendment convention in Philadelphia.

Without these debates and an agreement to include a Bill of Rights (which each of the 13 States already had), the Constitution would likely not have been agreed upon to be ratified by the States. Hence, the language chosen was legally specific and considered highly important.

Consequently, I wonder if this author of the aforementioned article writing in Guns and Ammo, truly understands the nature of the amendment he is referring to based upon his interpretation. It certainly did not seem so to me.

Original Intent of the Bill of Rights

First of all, let’s consider the intent of the original Bill of Rights itself. It is essentially a list of what government can not do. Not a list of what it can do. The Bill of Rights refers to the rights of the people first and the States in some cases. It does not grant any rights whatsoever to the Federal government. In fact it clearly restricts.

So, Metcalf’s 1st mistake is to use an amendment from a document whose intent was to clarify the limitations of the Federal government as a grant of right to it! And from Guns and Ammo yet? And on the 2nd amendment as well? Whew, quite a surprise here.

The 2nd Amendment clearly reads, “the right of the people”. The Bill of Rights did not give that right to the people nor did the government of the States or the Federal government. It was already there by virtue of the fact that every free man has the right to protect himself, family and property. It is NOT a Constitutional right. It is a natural right that existed before the Constitution was ever framed. A right therefore of the people NOT that of government.

That is why it is specifically referred to as “the right of the people”. It is our right, not the governments- State or Federal.

Shall Not Be Infringed

The amendment also plainly states: “shall not be infringed”. The online Merriam Webster dictionary defines infringement as “an encroachment or trespass on a right or privilege” I would expect that this definition was no different at the time the Bill of Rights was put together. However, what is made clear in the 2nd amendment is that it is a “right” which is to say it is a power or privilege to which one is justly entitled.

Additionally, as previously pointed out, it is a right owned by the people. Not the government or authorities but the people. The Constitution does not grant the right, nor is the right being ceded to the government in any way as the language of the amendment makes plainly clear.

In actuality, the 2nd amendment affirms this right of the people in writing. The only right ceded to the government regarding this right is that of supporting and defending it along with the rest of the Bill of Rights and Constitution which is affirmed each time they take their oaths of office.

This is also true for the President as well who swears (or affirms) that they will “to the best of my Ability, preserve, protect and defend the Constitution of the United States.” (Fact chance of that happening these days it seems and that must change or we are doomed to tyranny.)

Regulation Has More Than One Meaning

As for the regulation portion of the amendment, let’s be clear about the use of language there as well. The first portion of the Amendment states, “A well regulated Militia, being necessary to the security of a free State,” It doesn’t say “the” well regulated Militia. It specified “a” well regulated one. Which militia then is referred to therefore in this amendment? It obviously does not specify which one does it?

The words of this clause are a qualifying statement. They are used to qualify the 2nd portion of the amendment. They present a general concept to introduce the right itself.

In other words, it could be stated that “because” a well regulated militia is necessary to the security of a free state, the right of the people….. It is not a concession of the right. It is a statement of reason for the right to continue to be preserved for the people by the elected representatives of the people.

Let’s also consider what the word regulated might mean here as well since Mr. Metcalf claims that it means that it is an “initial criterion of the amendment itself”.  Does the word in its context here mean that it a militia should have a gaggle of regulations placed upon it by the government? Or perhaps there is another intent offered there?

Regulate Means…

Regulate means to bring under the control of law or an authority. It also means to bring order, method or uniformity to something, in this case the militia. Now, since the sense that the militia was used in was that of a qualifying statement of the right which was affirmed in the 2nd clause of the amendment, we would logically expect that the 2nd definition which is that of bringing order, method and uniformity to the militia so that it was efficient in preserving the security of a free State would be more applicable than the first meaning of the word.

This would be particularly so since as previously stated, the original 10 amendments of the Bill of Rights was instituted to protect NOT grant rights. Read the amendments and see just how many refer to a ceding of power to the Federal government. Uh, like none.

The Ignored 9th Amendment

Also, pay attention to the 9th amendment, even over the 10th:

“The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people.”

Isn’t the 2nd amendment right to “keep and bear” one of those?

The 2nd amendment does not in any way grant control of this right to the government. In fact, it affirms against government having any say in controlling this right when it plainly states “shall not be infringed”.

The Blowback- As “They” Say

Hence for Mr. Metcalf to state that all Constitutional rights are regulated, and therefore so is this one, is to miss the point of the amendment entirely. Again, I was quite surprised that a publication like “Guns and Ammo” printed this to say the least.

And, as it turns out, apparently so did others. There was an outcry for his ouster from the advertisers and subscribers alike. Dick Metcalfe was summarily fired. The editor, Jim Bequette, announced his resignation shortly thereafter. (See the articles below for updates. Notice the conciliatory tones of the media towards Metcalf from the major media outlets. And they wonder why no one trusts the media any more?)

I will expand a bit more on this issue in Part 2 as I think it is more important than we are led to believe by our media sycophants.

Read Part 2

 Related articles

ObamaCare Future? EU Healthcare Crisis- Healthcare Budgets Slashed, Services Cut, Long Waiting Lists

The promises of Obamacare are already wearing thin as premiums rise and tens of thousands are forcibly dumped from their individual plans. It is already becoming clear that the public was lied to as the plan that Obama claimed was not a tax was labeled a tax by the Supreme Court decision to keep it from being annulled.

Then in November and December tens of thousands of people learned that they were being terminated from their individual plans because it did not meet the requirements of the new law. Another lie uncovered as all were promised by Obama that they could keep their plans when he was selling it to the American public and received now justified criticism about the real provisions of the plan.

Politicians lie for their Corporate and Bankster partners, from the very top on down. Obamacare was written for the benefit of Corporate profits, continued debt production and control over the people. However, now we get a chance to see what our future really holds under the Socialist medical care that isn’t really Socialist medical care according to the liar in chief and his sycophant minions.

According to a report which aired on Press TV:

“Countries using the Euro currency have been most severely impacted by the economic crash that first struck the European Union in 2008. Government health service budgets have been slashed in countries such as Greece, Spain, Portugal, France, Italy and Ireland. Waiting lists for medical procedures are growing all the time and many people, who simply cannot afford it, have no alternative but to use the little money they have on private healthcare.”

The experts at a recent conference in Brussels as reported by Press TV “agreed that there are no easy solutions when it comes to the EU’s healthcare crisis.”

Socialist Healthcare Failing

While liberals, fooled by the rhetoric ignore the reality, the socialist healthcare system is collapsing for the very people it is supposed to be helping. The rich can afford to pay for private treatment. Those in the middle and lower classes are falling through the cracks. They now cannot even afford to pay the premiums for the coverage. As in the U.S., birth rates are falling, retirees are growing and the tax base is shrinking accordingly. As the report from Press TV notes: “This raises serious questions about how healthcare in the EU is going to be paid for in the decades ahead.”

Expect the same in our nation. Our baby boomer generation is growing. There are less workers compared to retirees and college graduates are graduating with choking debt levels to being at income levels significantly below what they expected. The tax base is shrinking and the debt levels are choking the retail sector as noted in my last post about Janet Yellen.

The Petro Dollar System is Collapsing

What is happening in the EU will happen in the United States too. It is inevitable. We already have a national debt level of $17.3 Trillion or nearly $55,000 per citizen and over $150,000 per taxpayer. It is being masked by our status as the reserve currency of the world which was set up under the Petro Dollar agreement establishing the dollar as the only currency that could be used to purchase oil on the international market. This forces nations who wish to purchase oil to stock pile dollars. This, in turn, allows our Federal Reserve to produce a large volume of dollars and produces the illusion that there is no inflation. In return, we provide the Middle East with military protection. (Are you beginning to see  the connection here between our military presence in Iraq and Afghanistan while our borders are hardly protected?)

This unfortunately is coming to an end. As the true inflationary decline of the purchasing power of the dollar begins to show world wide, direct currency swap agreements are growing between nations needing oil. This means they are by-passing the dollar. It also means our inflation is creeping up to where it actually should already be.

Additionally, countries holding dollars in reserve such as China, no longer need the dollars to purchase oil. Now with currency swaps they can get the oil directly from oil producing nations. Those dollars we send overseas now longer are needed as reserves. The dollar is dropping in value as inflation erodes its purchasing power. What better time to begin to unload it than now.

The Future of Obamacare

So what does this all mean for Obamacare? Well, guess who pays for it? It is public healthcare, government sponsored but paid for by the public. The pool of insureds do not serve as the funding source, the government does. And who is ultimately responsible for the public debt but the taxpaying and producing public.

Costs of Obamacare will rise through inflation because the government (AKA our taxes and currency value impacted by government inflationary debt) is paying the bill. Once our government gets involved, the free market provisions of voting with your dollars for products and services ends. Now, providers can raise their prices (just as they have done in our colleges with government guaranteed student loans) without fear of market backlash. After all, people typically assume the government will cover it right? It’s not my earned income, they imagine, so why should I worry?

Unfortunately, it all comes out in the wash as the saying goes. Just as the debt crisis is blowing up the socialized, government healthcare system in the EU, it will do so here as well. We were warned by the more prudent and aware citizens. Personally, I was doing what I could to make the public aware through dong public presentations, forum posts, contact with congressmen and fighting Obamacare anywhere I could as soon as it was advanced. Having seen the impact of Medicare already as a health insurance sales rep, I already knew where it will lead. It is arriving where I expected.

The EU healthcare crisis is a snapshot of what is to come. The same crisis will happen here. You can take that to the bank. Or rather the banks are bringing to you- like it or not. Complacency is quite expensive when all is said and done in the end. Unfortunately, we all will share in the truth of that prediction- like it or not.

 

Janet Yellen Takes the Reigns at the Federal Reserve- Expect No Change and More of the Same

As expected (by me anyway)  Janet Yellen’s, a member of the Council on Foreign Relations (CFR) along with all of the “too big to fail banks” and Tim Geithner, appointment changes absolutely nothing in the FederalYellen_Takes_the_Oath Reserve’s direction.

Yellen made it quite clear at her first press conference stating that she expects “a great deal of continuity” in Fed policy. The obvious meaning is that she will follow the instructions of her controllers using the same game plan as her predecessor. Ben Bernanke. This also means the market will continue to get blown up by easy Fed money which is why it responded so positively to the Yellen conference.

In all likelihood, the engineered decline of America will continue as planned. I hope you are still not naïve enough to think that all of this is happening by accident. Hint: In the realm of high finance there are few accidents that have not been well contemplated in advance. Undisclosed agenda and content at meetings of the wealthiest, power elite on the planet like the Bilderberger meetings, ensure that is not happening. It may not unfold exactly as visualized in the end, but it is not accidental.

The Failure of Capitalism?

Some people like to claim, with pre-digested opinions fed to them through the media, that it is the fault of failed capitalism. But really, how utterly naïve can one be?

I mean really now, capitalism? What capitalism? Obviously, it is not a form of capitalism that can be labeled as a “free market” variety. The Feds , a privately held cartel posed as a quasi-government agency, as evidenced from Yellen’s hubris and confident declarations, serve as an unacknowledged controller of our economy. They dictate the purchasing power of the dollar through the supply of Federal Reserve Notes (FRN’s) in the market place. A privilege granted to them by a Congress whose vote buying legislation and programs they fund through what Edward G. Griffen, author of The Creature from Jekyll Island, refers to as “The Mandrake Mechanism”.

The hidden factor in this mechanism of currency supply is that there is nothing behind it but our taxes. It is issued with no redeemable value other than through its use as a debt and tax payment instrument. Even this it gets by fiat (declaration) by government as legal tender. The reserve of the Federal Reserve is our labor paid out in the form of taxes.

This means they (The Federal Reserve), in truth, create money from nothing! The government asks for it and the Feds issue it with interest payable to them of course. As government debt grows or the Fed issues money for banks (including foreign banks)they generate more FRN’s. The more FRN’s there are in circulation, the lower the purchasing power of the FRN.

Think of it this way. What do you think would happen to the value of diamonds if they discovered a moderately sized island with a beach of diamonds surrounding it? Might tend to skew the value of the available supply of diamonds a bit to downward side one would think.

The same principle applies to Federal Reserve Notes. The fact is, purchasing power has been lowered during the 100 years of the Fed considerably to 5 cents of what it was worth when the Fed began. All consistent with a case of continually growing supply of money based on nothing.

A reflection of this is our national debt. The citizens of the U.S. are currently carrying a national debt of $17.3 Trillion or over $150,000 per taxpayer or over $54,000 per man, woman and child.

Now, throw in mega Trillions in debt from unfunded liabilities like Medicare and Social Security as a growing number of baby boomers reach retirement age, along with our continual wars, and you can predictably expect a landslide of future debt arriving with increasing velocity over the next decade and beyond. This is what the Congressional Budget Office called in its reports an unsustainable economy before the 2008 crash.

The Impact of Regulations

Then, in this mislabeled “free market” economy, which some blame on capitalism there exists an additional $1.8 Trillion annual regulatory debt functioning as a hidden tax that further drags on the “free” market and adds over 10% to the cost of most manufactured goods.

According to the Competitive Enterprise Institutes (CEI) Annual Report – The 10,000 Commandments, “Total costs for Americans to comply with federal regulations reached $1.806 trillion in 2012.

For the first time, this amounts to more than half of total federal spending. It is more than the GDPs of either Canada or Mexico with whom we are tied through the UN driven NAFTA agreement.

According to the latest report from CEI, regulatory costs amount to $14,678 per family which is 23 percent of the average household income of $63,685 and 30 percent of the expenditure budget of $49,705. It is also more than receipts from both corporate and personal income taxes combined.”

When regulatory costs are combined with $3.53 trillion in federal spending, Washington’s share of the economy now reaches 34.4 percent of the economy. Free market?

So how can this be the fault of capitalism? The government controls all of our markets, some more than others, with regulations. The privately held Federal Reserve controls the economy through determination of the money supply and its borrowing costs (interest rates). What free market? Between the Fed and the government the free market is no more real than Puff, the Magic Dragon or Buffy, the Vampire Slayer.

http://cei.org/10kc

Unemployment- The Fed is Here to Help?

Employment_ServicesLike Bernanke, Yellen pointed to ongoing concerns about the long-term unemployed. “We shouldn’t focus only on the unemployment rate,” Yellen said.

I guess that could be because it isn’t real, but she didn’t exactly flesh that part out.

As of January 2014, about 3.6 million Americans were unemployed for more than 6 months. They make up 36% of the unemployed. Another 7 million Americans were classified as “part-time for economic reasons,” meaning they worked fewer than 35 hours a week due to slack work, unfavorable business conditions or inability to find a full-time job.

In reality, about 91 million adult Americans don’t work, and aren’t even looking for jobs. They make up 37% of the population — the highest level on record since 1978. They don’t count in the unemployment figures. Many Americans are simply not looking for jobs.

At present, the Federal government claims that in January, unemployment fell to 6.6%. However, much of the decline in the unemployment rate over the last three years has come from Americans simply dropping out of the labor force. According to government measurements, only those workers who have actively looked for work within the last 4 weeks are included in its numbers when calculating the unemployment rate.

Yellen acknowledged this reality without stating it directly when she stated: “Too many Americans remain unemployed, inflation remains below our longer-run objective [Yet another lie.], and the work of making the financial system more robust has not yet been completed”.

So what does the next Federal Reserve puppet head plan to do about it? In her testimony, Yellen said the Fed plans to continue winding down the stimulus program “in further measured steps at future meetings.” She also reiterated that the Fed intends to keep its key interest rate near zero “well past the time” the unemployment rate falls to 6.5%.

She intimates that this will serve as a stimulus to employment by allowing banks to borrow money for nothing. (Nothing for nothing I guess.) If borrowing flows, according to Keynesian inspired deficit spending theory, so too will the economy. But will a stimulus of money for nothing really stimulate an economy?

Greece: Three Years After the Bailout

It’s been three years since Greece was granted 110 billion euros in the first of two bailouts by its EU partners and the International Monetary Fund. What actual results have been produced as a consequence of this money manna from Central Banker Heaven?

In Greece, harsh austerity measures have driven the economy into the ground since the economic stimulus plans were initiated. Unemployment has soared. More than 6 in 10 young workers are out of a job. Greek unemployment has gone from 9.5% in 2009 to 27% in 2013. Government debt as a % of GDP has risen from 130% in 2009 to 175% in 2013.

Money from nothing in actual reality changes nothing. And, in fact, as Greece demonstrates, it only makes it worse.

An article from Zero Hedge entitled The Retail Death Rattle states:

“The entire economic recovery storyline is a sham built upon easy money funneled by the Fed to the Too Big To Trust Wall Street banks so they can use their HFT supercomputers to drive the stock market higher, buy up the millions of homes they foreclosed upon to artificially drive up home prices, and generate profits through rigging commodity, currency, and bond markets, while reducing loan loss reserves because they are free to value their toxic assets at anything they please – compliments of the spineless nerds at the FASB.

GDP has been artificially propped up by the Federal government through the magic of EBT cards, SSDI for the depressed and downtrodden, never ending extensions of unemployment benefits, billions in student loans to University of Phoenix prodigies, and subprime auto loans to deadbeats from the Government Motors financing arm – Ally Financial (85% owned by you the taxpayer).

The country is being kept afloat on an ocean of debt and delusional belief in the power of central bankers to steer this ship through a sea of icebergs just below the surface.”

We all need to stop blaming a mythical, non-existent system with the fraudulent label of “capitalism”. We really need to blame ourselves for being spineless dupes who have allowed a minority of elite super wealthy people to take control of all of our lives and do something about it. We can start at the voting booth including the primaries where the first choices are made.

Nero fiddled while Rome burned. We watch American Idol, Super Bowls and Survivor as American freedom burns. Isn’t it time we got a little more active in this game, in place of complacently letting things happen without active protest at least at the voting booths and with our dollars?


Related articles

Obama State of the Union Speech- Rhetoric vs. Reality

When I listen to politicians, most of the time I find myself getting irritated, edgy and sometimes downright angry. Obama’s 2014 State of the Union address was no exception. There were so many points of disagreement that I hardly know where to start.

Obama- State of the Union 2014

The Only Thing Out of Place in This Pic is the American Flag.

As pointed out by the New American magazine the dude is pushing more “Facism By Decree” “wherever and whenever I can take steps without legislation to expand opportunity for more American families, that’s what I’m going to do. ” by promising to take “executive action” to seize more land, attack gun rights, redistribute the wealth “average wages have barely budged…Our job is to reverse those trends” and create more private-public partnerships “My administration has launched two hubs for high-tech manufacturing in Raleigh and Youngstown, where we’ve connected businesses to research universities that can help America lead the world in advanced technologies.  Tonight, I’m announcing we’ll launch six more this year.” Is this promoting more freedom or more facism? I vote the latter myself.

Climate Change is a Fact

Meanwhile, as he spoke a snowstorm was crippling Washington and days later even Atlanta, Georgia was caught off guard with a totally unexpected snowfall that brought a city that is not built for snow to a halt. But according to Obama, climate change is simply a fact.

” The shift to a cleaner energy economy won’t happen overnight, and it will require tough choices along the way.  But the debate is settled.  Climate change is a fact.”

Climate change is a fact? When this is happening across our nation:

U.S. Cold Wave Kills 21, Temps Lower Than South Pole

“Unseasonably cold weather in the U.S. has led to at least 21 deaths and resulted in freezing temperatures in all 50 states on Tuesday, according to reports.”

I traveled by car across the country in early January taking a Southern route through Georgia, Louisiana, Texas, New Mexico and Arizona. It was below freezing in most cities during the night, cold during the day and never reached above 40 until we reached Los Angeles where it was in the 40’s that night when we stopped in Santa Monica for something to eat.

Statistically temperatures have trended lower. According to a report by the UN’s global warming pushing IPCC (Intergovernmental Panel on Climate Change), the earth hasn’t warmed for the last 15 years!

But of course, that is just a mistaken computer model the apologists claim. Don’t pay any attention to that man behind the curtain of course. For I am the Great and Powerful Wizard of…….

And here I thought the debate was all settled, climate change is a fact, according to Obama anyway. (Anyone looking for a bridge in Brooklyn? Got one cheap.)

Iraq: a Victory?

Obama claimed: “While we have put al Qaeda’s core leadership on a path to defeat, the threat has evolved, as al Qaeda affiliates and other extremists take root in different parts of the world. In Yemen, Somalia, Iraq, and Mali, we have to keep working with partners to disrupt and disable these networks. In Syria, we’ll support the opposition that rejects  the agenda of terrorist networks.”

Meanwhile, according to a recent article which appeared on CNN online:

The recent fighting in Iraq has posed a serious challenge to Prime Minister Nuri al-Maliki and his government, raising questions about his ability to hold the country together amid a rising insurgency.

Is this what Obama calls “a path to defeat’? After over a decade of occupation, thousands of lives (military and civilian) lost and over a Trillion $ spent, we leave and Al Qaeda grows. What was the point? Who got defeated here I wonder?

And for a war that resulted in this kind of change, Cory Remsburg, and others like him ended up maimed for life? Personally, while I absolutely feel for Cory, I don’t think this type of event deserves a standing ovation but rather anger at why young people like Cory end up permanently damaged fighting in a war that did little to change anything for the better…here or there.

Fighting for our freedom my you know what. More like fighting to enrich the defense industry and promote the globalist One World Government agenda methinks.

Seems Like An Obvious Contradiction To Me

On the one hand:

Five years ago, we set out to change the odds for all our kids.  We worked with lenders to reform student loans, and today, more young people are earning college degrees than ever before.

On the other

We’re offering millions the opportunity to cap their monthly student loan payments to ten percent of their income, and I want to work with Congress to see how we can help even more Americans who feel trapped by student loan debt.

So while, Obama and his enablers continue to push for more wonderful sounding government sponsored student loans, this is the reality that our students and nation faces:

How The $1.2 Trillion College Debt Crisis Is Crippling Students, Parents And The Economy

Forbes Magazine Online- 8/7/2013

Two-thirds, that’s right, two-thirds of students graduating from American colleges and universities are graduating with some level of debt.  How much?  According to The Institute for College Access and Success (TICAS) Project on Student Debt, the average borrower will graduate $26,600 in the red.  While we’ve all heard the screaming headlines of graduates with crippling debt of $100,000 or more, this is the case for only about 1% of graduates.  That said, one in 10 graduates accumulate more than $40,000.

Student_Debt

Now up to $26,600 per Student and Rising!

Personally, I have talked to people earning $14 an hour who acquired $70,ooo  and $80,000 of student debt at the company I work for. So I think Forbes may be a little conservative with their numbers. Is this level of debt considered helping young people?

Fact is, government has eliminated competition in the market place for education by making public loans freely available. As a result, colleges have raised their prices. Why not? The money, thanks to our politicians like Obama, which comes from the public will pay for their educations regardless of cost. So with competition eliminated, educational costs have skyrocketed. Like everything the government gets involved in (Think health care here too!) costs rise as competition for consumer dollars in a free marketplace fades.

Change We Need Rolls On

So are we going to just sit back and let this lame duck President with a decidedly UnConstitutional bent simply march onwards towards the dismantling of what is left of our Constitutionally affirmed freedoms and principles? Unless America wakes up soon en masse….tyranny, NOT freedom, will be the watchword of the day. That’s not what I dream of. How about you?

What Obama Really Said in the Address

And to cap it all off. Here is what Obama really said during the State of the Union address. (Reading between the lines of course.)

2014- The Year to Come In Pictures

Pics Gathered to Muse Upon for 2014

Snapshot of America 2014

Obama_Really_is_Scary

How Times and Deceptive Images Change

Democrats_vs_Republicans

Give Me Liberty or……….?

(Actually That Would Be $17.2 Trillion Now!)

GiveMeLiberty_or

“Happiness is a Warm Socialist’ – B. Obama

Gun_Control

The Theory of Evolution?

Obama_and_Friends

The Obama Economic Team

Obama-Economic-Team

Obamacare Begins in Earnest

Obamacare_begins_in_Earnest

Why We Really Need Taxes

(Hint: It’s a Subliminal Image)

Taxes

The Presidential Advisers

Obama_I_Have_A_Dream

As We Start the New Year With a Clean Slate

US_Debt_1-1-14

Suggested Reading for 2014

Happy New Year!

Dog_NewYears

14 Ways to Recover Your Freedom of Choice Under Obamacare

Obamacare is on its way. In 2014 most of the law will take full effect. I did my best to educate and generate resistance even giving public presentations on its unheralded takeovers of our private lives and families. The real facts of Obamacare thanks to our Corporate controlled media, propaganda machine and government controlled public school system never really made it to the public eye. Instead grassroots organizations and informed citizens had to do that job on their own time and dime. It obviously wasn’t enough. Media distractions and disinformation while leading the public towards red herrings made sure of that.

Meanwhile, the media cheers on the troops at every chance (especially during professional sports events) emphasizing how free we are. In reality, we are becoming a socialist stateBaby_Birds with increasing velocity. Unless you have been too dumbed down to notice, socialism is a form of force. Putting your hand in someone else’s pocket and removing the money they earned through their labor is, in normal society, considered theft. But not under a socialist government.

Forcing contraception acceptance on the public without their consent using public funds is a violation of our freedom of choice. But not under socialist Obamacare.

Restricting someone’s capacity to choose freely in the marketplace under penalty of law is a form of enslavement and constitutes an invasion of one’s private life. But not under socialist Obamacare!

Take heart however! There are ways to take back your freedom. Our government has provided us with trap doors to liberty!

Ok, you may have to stretch the truth a bit, but hey remember, sometimes truth needs to be stretched a bit!

You know, like during political campaigns for example. The Change We Need and Change We Can Believe In. Stuff like that there.

Government to the Rescue!

Fortunately, the government is generously riding to the rescue with a guide for recovering your freedom of choice. It may not be for everyone, but like Obamacare its all about freedom of choice right?

Here are 14 ways to recover your freedom of choice under the new “Affordable?” Care Act:

Hardship Categories and Documentation- Health Insurance Marketplace

You may qualify for a hardship exemption if you experienced one of the following:

  1. You were homeless. (No documentation needed. One of the benefits of living on the street along with a free phone, meals and a private bush for nappy time.) 
  2. You were evicted in the past 6 months or were facing eviction or foreclosure. (Copy of eviction or foreclosure notice needed. See exemption 1. for additional details.) 
  3. You received a shut-off notice from a utility (Copy of shut-off notice from a utility company Company needed. Whoda thunk not paying bills would become a benefit!) 
  4. You recently experienced domestic violence. (No documentation needed. Don’t even have to show the marks either I guess.) 
  5. You recently experienced the death of a close family member. (Copy of death certificate, copy of death notice from newspaper, or copy of other official notice of death. Now don’t use this as an excuse to get rid of that annoying Uncle or brother please.) 
  6. You experienced a fire, flood, or other natural human-caused disaster that caused substantial damage to your property. (Copy of police or fire report, insurance claim, or other document from government agency, private entity, or news source documenting event. Old sheds in the back that were falling down anyway don’t count.) 
  7. You filed for bankruptcy in the last 6 months. (Copy of bankruptcy filing needed. This might become an easier requirement to fill with Obama in office you know.) 
  8. You had medical expenses you couldn’t pay in the last 24 months. (Copies of medical bills needed. Hey the way the government is driving up medical costs with its regulatory overkill this may be another viable means of recovering your freedom.) 
  9. You experienced unexpected increases in necessary expenses due to caring for an ill, disabled, or aging family member. (Copies of receipts related to care needed. Euthanasia is cheating you know. Although Obamacare doesn’t penalize for that. Look it up.) 
  10. You expect to claim a child as a tax dependent who’s been denied coverage in Medicaid and the Children’s Health Insurance Program (CHIP), and another person is required by court order to give medical support to the child. (Copy of medical support order AND copies of eligibility notices for Medicaid and CHIP showing that the child has been denied coverage. See indigent children can be useful after all!) 
  11. As a result of an eligibility appeals decision, you’re eligible either for: 1) enrollment in a qualified health plan (QHP) through the Marketplace, 2) lower costs on your monthly premiums, or 3) cost-sharing reductions for a time period when you weren’t enrolled in a QHP through the Marketplace. (Copy of notice of appeals decision needed. Great you are a confirmed member of the lower class. Welcome aboard! Enjoy the free ride.) 
  12. You were determined ineligible for Medicaid because your state didn’t expand eligibility for Medicaid under the Affordable Care Act. (Copy of notice of denial of eligibility for Medicaid. That darn state and 10th amendment. Can’t stand it when they get in the way of tyranny!) 
  13. You received a notice saying that your current health insurance plan is being cancelled, and you consider the other plans available unaffordable. (Copy of notice of cancellation. Hey I thought this plan was called The Affordable Care Act! Oh well, so much for euphemisms.) 
  14. You experienced another hardship in obtaining health insurance. (Please submit documentation if possible. Yeah, a case of raging Cancer can be a pesky little detail when applying for health insurance sometimes I guess.)

Ain’t it great to know that your government is looking out for you. They may create the very problems they propose to resolve but give them credit, they will ride right in and fix them too…..with more government naturally! All you have to do is convert your status to that of a second class citizen and submit to their authority and bingo! You will get your freedom right on back!………Well, kinda anyway.

And who said Obamacare doesn’t work? How silly.

Banking Crisis in Europe Deepens. World’s Oldest Bank in Italy in Crisis.

Monte_dei_Paschi_bank_logo

Monte dei Pashi bank logo

The world’s oldest bank and Italy’s 3rd biggest bank (Monte dei Paschi di Siena) needs to tap investors for cash to pay back the EU loan of 4.1 Billion Euros it received earlier this year after the euro debt crisis. It was forced to delay a vital 3 billion euro ($4.1 Billion) share sale to raise capital until mid-May or later because of shareholder opposition. It’s main shareholder, the Monte dei Paschi foundation with close links to Siena politicians, is opposing the move.

The Bankers Move

Chairman Alessandro Profumo, a strong-willed and internationally respected banker who was formerly the chief of UniCredit, said he and CEO Fabrizio Viola will decide in January whether to step down as a result. A board meeting is scheduled for mid-January according to a bank spokesman.

Profumo and Viola have already secured a pool of banks to guarantee the cash call but only if it was carried out by the end of January.  They warn if the cash call is not done by the end of January, the financial condition could precipitate a nationalization of the bank. It faces a string of cash calls by other Italian and European lenders triggered by a sector health check at that time.

Analysts however said a delay, and the possibility of Profumo resigning, might undermine the whole rescue of the bank. “It’s important to carry out the capital increase as early as possible,” said Roberto Lottici, fund manager at Ifigest. “The risk is that the bank finds itself rushing into a cash call later at a lower price than what it could achieve now.”

The Largest Shareholders Move

The Monte dei Paschi foundation “forced a postponement until at least mid-May to win more time to sell down its 33.5 percent holding and repay its own debts.” Profumo was described by an aide as “very annoyed” with the move. Hey, no worries, former European Central Bank policymaker Lorenzo Bini Smaghi and Carlo Salvatori, chairman of the Italian unit of German insurer Allianz are among possible candidates to replace Profumo.

Siena mayor Bruno Valentini, whose city council is the top stakeholder in the Monte dei Paschi foundation, said on Friday a postponement might help keep the bank in Italian hands.

“We cannot let the third biggest bank in this country fall prey to foreign interests,” he said. “Monte dei Paschi is not just an issue in Siena, it is a big national issue.”

Antonella Mansi is a feisty 39-year-old businesswoman who was recently appointed head of the Monte dei Paschi foundation. She said her insistence on a cash call delay did not amount to a no-confidence vote in the bank’s management. Carrying out the capital increase in January would massively dilute the foundation’s holding, leaving it with virtually nothing to sell to reimburse debts of 340 million euros. “We have a precise duty to ensure (the foundation’s) survival. You can’t ask us to let it collapse,” she said.

The Battle Lines Have Been Drawn

So the battle appears to be between the politician based shareholders and the bankers. Does the foundation collapse or the bank? Something has to give here it appears.

In Siena, the bank is known as “Daddy Monte”  because it is the biggest employer. There are fears that the cash call might sever the umbilical cord between the lender and the city. The bank is already cutting 8,000 jobs and closing 550 branches.

The bank claims that the delay in the cash call will cost at least 120 million euros ($164 million at present value) in payments owed to the state on the bonds. The foundation claims it could bankrupt them.

Is Nationalization Next?

The precipitating cause is debt and a restructuring agreement with the EU Central bank in Brussels. Under the EU restructuring, if the bank cannot complete its capital increase by the end of 2014, the Treasury would convert the bonds it bought from the bank into shares, effectively nationalizing it.

So, does the baby get thrown out with the bath water? Does the bank end up in the hands of the state? Debt creates chaos eventually if not repaid. Keep in mind that Monte Paschi is not the only bank in trouble in the Euro zone. There are many others with derivative based debt. A bank failure of this size has a domino effect. If Europe goes, other financial systems will feel the effect.

Ant_working

Prepare or Play?

According to the real time U.S. debt clock, the U.S. sits at $17.2 Trillion or $54,429 per citizen and $150,162 per taxpayer. We are already spending much more than we take in as a nation with a budget deficit of over $650 billion this year alone, probably more. We will not be immune from the impact. With an admitted 10.8 million and an estimated 20.3 million unemployed (when the fudged government numbers are adjusted for marginally attached and part time workers), we are not in the strongest of financial positions. I would suggest, keeping Aesop in mind, that you be the ant and not the grasshopper. Prepare just in case.

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