Tag Archives: obama

Business/Economics, U.S.

What Economic Recovery? A sign the Federal Reserve thinks the too big to fail banks are full of crap!

“They’re very worried about the consumer. If we go into another recession, a lot of risk officers feel this is where the damage will be done.”-Paul Miller, former Federal Reserve Bank of Philadelphia, currently working for FBR Capital Markets

It appears the Federal Reserve is losing patience with the Too Big To Fail Banks (TBTFB). It’s questioning the TBTFBs’ desire to pay out huge dividends, and buy back their stocks.

“If the Fed fights back and disagrees and is more aggressive in their stance on cards and mortgages, it would mean banks wouldn’t be able to pay out as much.”-Glenn Schorr, Nomura Securities

Schorr says bank investors are almost demanding 50% to 60% earnings this year!

The problem is that the latest bank stress tests are conflicting with the TBTFB’s own financial claims.  The stress tests are designed to see if a bank has enough cash on hand to handle a sudden huge drop in the economy.

So far unnamed insiders, involved with analyzing the tests, say things aren’t looking good for banks.  When the variable of consumer debt is considered in the stress tests, some banks would suffer almost double the loses than their own in-house projections!

31 TBTFBs are currently undergoing the Federal Reserve stress test.

Business/Economics, International, U.S.

World War 3: Egypt considers refusing any more U.S. aid, in move to end U.S. control

“I wish members of the U.S. Congress could listen to you now to realize that this is the parliament of the revolution, which does not allow a breach of the nation’s sovereignty or interference in its affairs! It seems that the government is pushing for a crisis with parliament.”-Saad el-Katatni, Egyptian Parliament Speaker

After the Obama Administration threatened to cut off U.S. aid to Egypt, over the scandal involving U.S. citizens caught trying to cause trouble in Egypt (including the son of the boss of private intelligence agency Stratfor), the Egyptian parliament members basically said take your U.S. aid and shove it!!!

On March 11, 2012, the parliament voted to refuse acceptance of U.S. aid worth $1.3 billion!

The problem is that it’s actually the pro-U.S. military junta that’s currently running Egypt.  However, the 508 member parliament has begun the process of a no-confidence vote against the junta.  Such a vote of no confidence could create more civil strife, if the junta tries to maintain power.

International, U.S.

Government Evil: U.S. soldiers burn bodies of Afghan children they killed

“They (Americans) poured chemicals over their dead bodies and burned them. I saw that all 11 of my relatives were killed, including my children and grandchildren.”-Samad Khan, witness and relative to the victims

Breaking reports out of Afghanistan.  People are rioting because some Afghans say they caught U.S. led forces burning bodies.  The witnesses say among the bodies there were at least four girls under the age of six being burned!

Kuwaiti media say they bodies are from the early morning shooting that took place on March 11, 2012.  That’s when a U.S. soldier, or soldiers, open fired on an unarmed Afghan family in their home.

One of the witnesses to the burning of the bodies was the father of the girls being burned.

U.S. officials insist it was a lone renegade soldier, but witnesses say there was more than one U.S. soldier doing the shooting: “They were all drunk and shooting all over the place!”-Agha Lala, witness

Another witness said there was no provocation on their part: “No Taliban were here! No gun battle was going on! We don’t know why this foreign soldier came and killed our innocent family members! Either he was drunk or he was enjoying killing civilians!”-witness & relative to the victims

U.S. officials say the shooter is an Army Staff Sergeant from Joint Base Lewis-McChord, Washington, assigned to support special unit operations in Afghanistan.  An Associated Press photographer confirmed some of the bodies had been burned.

International, U.S.

World War 3: Israeli infantry launch another raid kill boy, more Israeli air strikes, Israel condemns U.S., Iran joins Egypt in condemning Israel

“The repeated assaults and aggressions of the Zionist regime’s military men against the defenseless Palestinian people in Gaza… are condemned as war crimes and inhuman acts.”-Iranian Foreign Ministry statement

On March 11, 2012, Israeli infantry raided east of the Jabaliya refugee camp in Gaza Strip, killing a 15 year old boy, and wounding another.

Also, late Sunday night, early Monday morning, it’s being reported that Israeli airforce F-16 Falcons/Vipers have bombed the same refugee camp, which is north of Gaza city, at least four times.  So far at least two people have been killed (a 65 year old man and his 35 year old daughter), and 25 people have been wounded, including nine children.

Israeli news sources are saying the Egyptian military government tried to warn Gaza that Israel was about to assassinate the secretary general of the Popular Resistance Committee (PRC).  That assassination turned out to be the precursor of this latest round of Israeli attacks on Gaza.

According to the Israeli media, PRC members were able to capture informants who confirmed to Hamas officials that they were paid by Israel to spy on PRC leaders.  The informants also confirmed that Egypt tried to warn of the assassination plot by Israel, the only problem is that the Egyptians gave that warning to the informants who were working for Israel.

Israeli media also reporting that at least 40 rockets have been launched from Gaza, Sunday night.  Several were intercepted over the city of Ashkelon.  Most of the rockets are being launched by Islamic Jihad and the Popular Resistance Committee.  Allegedly, Hamas has the most rockets but seems to be holding back.

Arrogant Israeli leaders are calling on the United Nations to condemn the puny rocket attacks from Gaza, so far only a handful of Israelis have been wounded.  Yet Israeli leaders see no problem with the fact they continue to kill hundreds of Palestinians every year!!!

Even more arrogant, Israeli politicians have condemned the Obama Administration’s call for cease fire: “I think that every American should be ashamed of such a statement coming from the administration.”-Danny Danon, deputy speaker of Israel’s Knesset (parliament)

 

 

International, U.S.

Government Evil: Netanyahu uses NAZI Sieg Heil salute at end of AIPAC speech

At the beginning of march 2012, Israeli Prime Minister Benjamin Netanyahu gave his speech at the annual AIPAC convention.

Before he starts he waves and thanks numerous people in the audience.  His arms are lose at the elbows, as are his wrists when he waves his hands.

But look at the difference (video here) after he ends the speech, his elbows are actually locked and his hand waves are stiffer (especially between 29:26 & 29:44 into the video). It looks like he’s reminding himself to wave his hands. It reminds me of how many NAZIS ended their speeches in the 1930s/1940s.

International, U.S.

Government Evil: U.S. soldiers go renegade in Afghanistan shoot into homes, at least 15 women & children killed

“When the Americans are killing civilians intentionally, this is called terror and it is an unforgivable act!“-Hamid Karzai, President of Afghanistan

On March 11, 2012, U.S. soldiers fired randomly into the homes of Afghans!

Local U.S./NATO/ISAF officials claim it was one renegade U.S. soldier, but witnesses say there were several U.S. personnel firing into houses.  Even the U.S. Ambassador indicated there was more than one shooter: “We assure the people of Afghanistan that the individual, or individuals, responsible for this terrible act will be identified and brought to justice.”

At least 16 people were killed, Afghan President Hamid Karzai says most of them were women and children.

“The so called American peacekeepers have once again quenched their thirst with the blood of innocent Afghan civilians…avenge every single death inflicted by the savage murderer invaders.”-“Taliban” statement

Business/Economics, U.S.

Government Incompetence: Pentagon gives multi-million dollar contracts to yet another company that hasn’t paid taxes!

It’s been revealed that Leonie Industries owes the United States $4 million in taxes, yet has been awarded Defense Department contracts worth at least $120 million.

The company is supposed to be providing marketing and media services, as well as intelligence and information operations.

U.S. Senators Tom Carper (D-Delaware) and Tom Coburn (R-Oklahoma) have demanded that Defense Secretary Leon Panetta explain how a company that owes taxes gets awarded so many contracts.

 

International, U.S.

World War 3: Afghans attack Bagram again, civilians continue anti-U.S. demonstrations, more foreign fighters captured in Afghanistan

March 10, 2012, “Taliban” claim they’ve launched two rockets against Bagram airfield. As usual the rockets didn’t do much damage.  Bagram is under almost continuous attack from rockets, suicide bombers or other forms of attack.

Hundreds of unarmed Afghans continue to protest the United States.  The latest rally took place in the town of Tagab in Kapisa Province. This comes after a U.S. terror drone attack in the same province earlier in the morning.

March 9, 2012, Afghan officials admitted that U.S. led commandos, from the 9th Commando Kandak, were ambushed by “Taliban”.  It happened on March 6, near Sakharai village, Murghab district.  But this case is a great example of overkill by U.S. led forces.  The commandos were first attacked by only two freedom fighters.  Under the guidance of U.S. troops they called in an air strike, for just two insurgents!

But that only made the locals more angry and six more insurgents showed up! Afghan and U.S. officials say they called in another air strike and killed the six new insurgents.   A second air strike to handle six people?  This makes the Vietnam War look efficient.

On March 8, 2012, U.S./NATO/ISAF officials announced they captured two “Taliban” who were actually from Uzbekistan.  They say both were involved in planning suicide attacks.

 

 

 

Business/Economics, International, U.S.

World War 3 & Government Incompetence?: U.S. Senator calls for blocking all Iranian oil, even thought it would destroy U.S. allies. War with Iran is meant to allow the U.S. to become a major oil exporter

Days after a UBS oil analyst said ten countries (allies of the U.S.) would be destroyed if Iranian oil was cut off, a dumb U.S. Senator proposes to cut off Iranian oil!

In a Friday interview with C-SPAN’s (Cable-Satellite Public Affairs Network) Newsmakers program, democrat Carl Levin says he wants to use the U.S. Navy to blockade Iranian oil shipments.

Levin is inviting other countries to join in: “I think (these are) options that whoever is willing to participate should explore, including Israel and including the United States.”

Levin admitted that alternative oil supplies would have to be found for the allies of the United States.  Mmmm, you mean like the United States now that it actually has too much oil on hand (recently the CEO of Exxon Mobil said the U.S. oil “…markets are well supplied.”)?  Now we know the real reason for going to war against the World’s second largest petroleum producer  (oil from Canada and North Dakota is actually creating a surplus in the U.S.).

 

Business/Economics, International, U.S.

World War 3: UBS says war with Iran will destroy U.S. allies

Julius Walker, an oil analyst with Swiss based financial company UBS, says war with Iran could destroy ten countries, from lack of oil.

He told Business Insider that not only would the price of oil skyrocket past $250 per barrel, but the economies of ten countries could be devastated.

Those ten countries are actually allies of the United States (and some are already on the verge of collapse): China, India, Japan, South Korea, Turkey, Italy, Spain, Greece, South Africa and France.  Maybe they won’t be allies for very long?