My internet and my phone line oddly fried this week, one after the other, so although I have had trouble getting online, I haven’t had trouble following the news. The news this week has been triply disturbing, as have the weird things going on with my life and the life of my partner in activism, the co-leader to our group of conservatives. In her case, her internet was flagged because of a benign email about getting our small weekly groups going. The phrase that was at odds with AOL’s TOS agreement was “organizing small groups”. She was roundly scolded that email is for fun and entertainment and this email did not “fit into” that category, therefore if she persisted, her account would be closed. She was also unable to reply or to print her emails, only to delete them. She was able to get this decision reversed…but the question remains for how long will that last?
Hmmm. I don’t know…Anyway, all this aside, the real smoke and mirrors is the White House this week, and this is where I shall focus the rest of my efforts in this blog.
The Smoke
The White House flip-flopped again, this time on the release of memos of our simulated drowning and other "insect letting" on terrorists who have attacked our country. Then the White House oddly flipped back on Thursday. Do we ask ourselves why???
The Mirrors
We must remember that Obama does nothing without an agenda and that he creates diversion through smoke so the mirrors do not reflect what he is really doing to our country under the cover of said smoke. What else happened during this recent 4-day period?
Obama went after credit card companies early this week.
He told them that they WILL issue credit, massive amounts of credit, even though a staggering one out of six people are not paying their credit card bills, and that the great benevolent government will supply them with their privatized gains, while publicizing their losses. As an interesting side note, American Express, who was not the holder of credit, the money in most cases, but a pass through Credit Company, signed on last November to become a “bank” so they would be able to cash in on the government handouts. In December, they were approved. Since then their losses have been a staggering 56%. They want out. Obama doesn’t want to let them out. With a sixth of the payments becoming chargebacks, how exactly will this work to help us out of financial demise?
Obama went after the banks this week.
He used his bully pulpit and the media against them to switch up the TARP rules to trade the Preferred Shares we agreed upon in October to common shares. This will negate the ability for our Tax coffers to be paid out first and best in dividends, relieving the American people of a bit of the great burden of the bailout through dividends through profits. It will also mean that if any of these banks go belly up, our tax coffers will not be the first to receive payouts in assets, again relieving the American taxpayer of a bit of the great burden. What it will do however, is to give our government the ability to vote on the shares. You can’t vote on preferred shares, but you can vote on common shares. Therein lays the sting, the completion of the nationalization of the banks, otherwise known as the first step in the government controlling all aspects of our lives through credit and banking.
Obama stated we will release the Uighur GITMO detainees into America this week.
Obama has stated that as many as seven GITMO detainees will be freed in the United States, which not only endangers the lives of American citizens, but more importantly is a violation of U.S. law. Known as the "Uighurs", they were captured on the Pakistan-Afghanistan border and were trained at the al-Qaeda affiliated East Turkistan Islamic Movement ("ETIM") Tora Bora camp while the military was hot on the trail of Osama Bin Laden. Obama Bin Lyin’ says we will protect these men and let them free in America. Quotes "The Obama administration is preparing to free into the United States Chinese Muslims being held at Guantanamo Bay, Cuba, the first release of any of the detainees into this country, according to current and former U.S. officials." – Chicago Tribune and "Officials have not said where in the United States they (Uighurs) might live. But many Uighur immigrants from China live in Washington's Virginia suburbs, and advocates have urged that the detainees be resettled near people who speak their language and are familiar with their customs." – Los Angeles Times
Obama pushed through his agenda on the Healthcare bill this week.
Obama has pushed through his agenda on healthcare, to be voted on next week. With socialized medicine comes rationing. Who among us is prepared for being “queued” for a gall bladder removal or a hip replacement, who among us is prepared for being left to die “in dignity” if we are 80, otherwise healthy and happen to get an infection that requires aggressive and expensive treatment? I dare say none of us is prepared for that eventuality, but an eventuality it is. You cannot have it both ways, free and without strings. The strings are rationing and queuing.
Obama used the memos to reflect attention away from the HR 1913 Hate Crimes Bill.
Obama has used the memos uproar to up the ante in the HR1913 Hate Crimes bill being heard this week and being voted on April 29th. This bill, in short protects sexual behaviors by refusing to define sexual orientation and gender identity, imposes greater penalties on pastors for Bible Speech than child molesters, forces to remove the Findings Section--fraudulent basis for the legislation, equates bizarre sexual behaviors with race, religion and ethnicity and lays the legal foundation and framework to investigate, prosecute and persecute pastors, Bible teachers, Sunday School teachers, youth leaders, Christian counselors, religious broadcasters, etc. which have been protected by the First Amendment.
There is more, so much more. But this ought to keep your mind busy enough for now. Where there is smoke in this administration, there are mirrors, do not doubt that. Be on the lookout under the cover of next weeks burdeoning new smoke screen, the new "Swine Flu" outbreak. He will use this coverage and fear to release a whole new host of hidden agenda's. God help us all. Don't fear an outbreak, just use common sense, use a mask, wash your hands, restrict unnecessary travel right now, eat well, and take your vitamins.
Cut through the noise, do not be distracted, and keep an eye on the small print as well as on the bills. Fight back people, before we can fight back no more.
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I hope all of your readers can see the significance of preferred shares vs common shares.
ReplyDeleteAs a taxpayer - My tax dollars helped these failing companies, so I want to be first in line to get my money back when they fail!
If anybody is unsure of the meaning of "preferred shares" -
Capital stock which provides a specific dividend that is paid before any dividends are paid to common stock holders, and which takes precedence over common stock in the event of a liquidation. Like common stock, preference shares represent partial ownership in a company, although preferred stock shareholders do not enjoy any of the voting rights of common stockholders. Also unlike common stock, preference shares pay a fixed dividend that does not fluctuate, although the company does not have to pay this dividend if it lacks the financial ability to do so. The main benefit to owning preference shares are that the investor has a greater claim on the company's assets than common stockholders. Preferred shareholders always receive their dividends first and, in the event the company goes bankrupt, preferred shareholders are paid off before common stockholders. In general, there are four different types of preferred stock: cumulative preferred, non-cumulative, participating, and convertible. also called preferred stock.