Once Again; How Stupid Does The Government Think We Are?

Eight days ago I did something I have not done in months; I bought a bottle of wine and drank 3/4 of it in one evening in the hope that a little self-medication would relieve my angst.  For 8 days, I have been suspended in that split second of motionless time when you see the train wreck about to occur and are trying to decide whether to watch in horror or turn away.  That moment right before time catches up with itself and slams into “real time” and the horror unfolds.  The only difference right now is that I do not know what the train is, just that something is coming, and that the usurper in charge is creating more and more instability in the world with his every word and action.

I have been watching the distract and deflect manuevers from the administration, reading the corporate owned newpapers, and digging for information on items that have been blacked out; i.e. David Kellerman, Mark I. Levy, and the swine flu infected pigs in Canada.  Yet what we are being fed is the lies about the torture photographs, the lies about Pelosi’s knowledge or lack thereof concerning waterboarding, the Federal Reserve pleading stupid while ‘losing’ $9 Trillion dollars, and all I can think is “How Stupid Do They Think We Are?”  The Fed didn’t lose $9 Trillion, they just don’t want to tell anybody where it went; it was Bambi’s idea to release the photographs in the first place, and Nazi Nancy knew about everything because ‘she is what she is’.  Meanwhile, TurboTax Cheating Timmie and Bambi are flying the following fascist b*llsh*t right under the radar, and everybody wants to keep calling Barack Obama a socialist, when I believe he is a fascist who thinks he is something of a cross between Hitler and the Ottoman Empire.  Read the following excerpt and remember that it gets even better after this.  Can anybody identify the traitors to the United States?

U.S. Eyes Bank Pay Overhaul

Administration in Early Talks on Ways to Curb Compensation Across Finance

WASHINGTON — The Obama administration has begun serious talks about how it can change compensation practices across the financial-services industry, including at companies that did not receive federal bailout money, according to people familiar with the matter.

The initiative, which is in its early stages, is part of an ambitious and likely controversial effort to broadly address the way financial companies pay employees and executives, including an attempt to more closely align pay with long-term performance.

Administration and regulatory officials are looking at various options, including using the Federal Reserve’s supervisory powers, the power of the Securities and Exchange Commission and moral suasion. Officials are also looking at what could be done legislatively.

Among ideas being discussed are Fed rules that would curb banks’ ability to pay employees in a way that would threaten the “safety and soundness” of the bank — such as paying loan officers for the volume of business they do, not the quality. The administration is also discussing issuing “best practices” to guide firms in structuring pay.

At the same time, House Financial Services Committee Chairman Barney Frank (D., Mass.) is working on legislation that could strengthen the government’s ability both to monitor compensation and to curb incentives that threaten a company’s viability or pose a systemic risk to the economy.

It is unclear how such a bill would fit with what the Fed and others are already considering. But any legislation passed would make it harder for policy makers to dial back limits once the financial crisis subsides.

Any new compensation rules would likely be rolled out alongside a broader revamp of financial-markets regulation that the Treasury is pushing. The compensation effort is the latest example of the government’s increasing focus on aspects of the financial sector that once were untouched.

Say one thing and do another:

Government officials said their effort, which is just beginning, isn’t aimed at setting pay or establishing detailed rules. “This is not going to be about capping compensation or micro-management,” said an administration official. “It will be about understanding what is the best way to align compensation with sound risk management and long-term value creation.”

President Barack Obama and Treasury Secretary Timothy Geithner have both blamed the way banks structured compensation plans for contributing to the financial mess. In February, Mr. Obama said executive pay helped lead to a “reckless culture and a quarter-by-quarter mentality that in turn helped to wreak havoc in our financial system.”

Mr. Geithner recently instructed his staff to begin discussions with the Fed, the SEC and others about ways to address compensation practices.

During a recent congressional hearing, Chairman Ben Bernanke said the Fed was working on rules that will “ask or tell banks to structure their compensation, not just at the very top level but down much further, in a way that is consistent with safety and soundness — which means that payments, bonuses and so on should be tied to performance and should not induce excessive risk.”

In an indication of how broad the effort may become, Federal Deposit Insurance Corp. Chairman Sheila Bair said regulators need to examine compensation practices in the mortgage industry, suggesting new limits could stretch beyond banks.

But Wait! There’s More!

Professor Roubini is not the only economist speaking the truth about the fall of the dollar as the world’s reserve currency.  After this little blurb, you will see why our dollar is more than likely going to crash, and reduce the once great United States to a third world country that is controlled by the United Nations and the world globalists.

China’s yuan ‘set to usurp US dollar’ as world’s reserve currency

Professor Roubini, of New York University’s Stern business school, believes that while such a major change is some way off, the Chinese government is laying the ground for the yuan’s ascendance.

Known as “Dr Doom” for his negative stance, Prof Roubini argues that China is better placed than the US to provide a reserve currency for the 21st century because it has a large current account surplus, focused government and few of the economic worries the US faces.

In a column in the New York Times, Prof Roubini warns that with the proposal for a new international reserve currency via the International Monetary Fund, Beijing has already begun to take steps to usurp the greenback.

China will soon want to see the yuan included in the International Monetary Fund’s special drawing rights “basket”, he warns, as well as seeing it “used as a means of payment in bilateral trade.”

From the dipshit-in-charge, and the person who will forever be etched in my mind as the perennial winner of the ‘Today’s Are You Freakin’ Kidding Me? Award’, his holiness, Barack Obama.

Obama Says U.S. Long-Term Debt Load ‘Unsustainable’ (Update2)

May 14 (Bloomberg) — President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”

Earlier this week, the Obama administration revised its own budget estimates and raised the projected deficit for this year to a record $1.84 trillion, up 5 percent from the February estimate. The revision for the 2010 fiscal year estimated the deficit at $1.26 trillion, up 7.4 percent from the February figure. The White House Office of Management and Budget also projected next year’s budget will end up at $3.59 trillion, compared with the $3.55 trillion it estimated previously.

Two weeks ago, the president proposed $17 billion in budget cuts, with plans to eliminate or reduce 121 federal programs. Republicans ridiculed the amount, saying that it represented one-half of 1 percent of the entire budget. They noted that Obama is seeking an $81 billion increase in other spending.

This is $17 Billion in cuts after some $12 Trillion in spending.  What few realize is that the U.S. is $1.24 QUADRILLION in debt when the Social Security balloon is added into the equation, yet this frakkin’ idiot and the brain dead congress are spending with no concern for us or future generations because it appears they definitely know something we don’t.

In his New Mexico appearance, the president pledged to work with Congress to shore up entitlement programs such as Social Security and Medicare. He also said he was confident that the House and Senate would pass health-care overhaul bills by August.

“Most of what is driving us into debt is health care, so we have to drive down costs,” he said.

NO!  What is driving us into debt is the ponzi scheme of Social Security and BARACK OBAMA’S ADMINISTRATION AND DEMOCRAT DRIVEN CONGRESS who have now been empowered after 100 years of bad decisions and unconstitutional laws and mandates being passed by frakkin’ socialists.  The Founding Fathers are way past turning in their graves now.

“We’ve got a long way to go before we put this recession behind us,” Obama said. “But we do know that the gears of our economy, our economic engine, are slowly beginning to turn.”

If that were true, Chrysler and GM would not be the situation they are in, credit would not still be frozen after the TARP money was dispersed, (the banks are waiting for the commercial real estate bubble to pop),  and we would NOT be reading these headlines:

Citigroup Issues $2 Billion in Bonds Without a Safety Net

J.P. Morgan Sells $1 Billion Bond Deal

Treasurys Slide on Profit-Taking

Fitch warns on possible bank downgrades

BOSTON (MarketWatch) — Fitch Ratings on Friday gave the markets notice that it may issue wholesale ratings downgrades on the U.S. banking sector if credit conditions and the economy continue to worsen.

Bank of England’s Dangerous Game

Given all that information in one little string of facts over marketing, here is something everybody should be thinking about and considering; do you believe there are late night meetings at the WH that are attended by David Axelrod, Rahm Emanuel, and Michelle Obama while his holiness sleeps?  Would this not explain:

  • His absolute need for a cheat-sheet called a teleprompter, and
  • His inability to make a decision and stick with it because it wasn’t his idea to begin with?

How far off do you think I am?  Now excuse me, I have a train wreck to watch…

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Comments
23 Responses to “Once Again; How Stupid Does The Government Think We Are?”
  1. Check Out Sarah Palin 2012 and vote in the Nancy Pelosi Poll.

    http://sarah-palin-2012.blogspot.com/2009/05/liar-liar-pants-suit-on-fire.html

    Guess how I voted 🙂

  2. Walt1 says:

    This looks like way more than a train wreck. John Galt better chiime in soon or we have some hard days ahead.

  3. Damn, Diamond! I’ve pulled up my chair to watch. Just trying to enjoy the last days of freedom.

    I can say that we have tried to get the truth out there in our own ways, & that you will always be one of my heroes.

    God bless you, my friend, & God bless America!

  4. I have been seeing the same train wreck in slow motion. From my view it is a 5 way track crossing and it is still a toss up as to which 2 trains will collide first and the order the other ones will collide into the mess. Problem is it looks like they will all hit! I’ll pull up my chair and watch next to genie.

    An to echo genie, Diamond, you will always be one of my heroes too!

    God Bless and Protect you and yours!

  5. navyvet48 says:

    For months now I keep telling my husband that we are living in some horrible alternate universe. I said it again last night as we drifted off to sleep. I often look out the window and feel as though I can’t really touch anything, the color isn’t right. In my mind’s eye I see gray everywhere as if I am suffering from a perpetual seasonal affect disorder. I wake each morning and try to change the tv channel but the same thing is on every channel.

    I am tired of watching so I find myself sleeping more often. And I have lost my ability to paint….something I love to do…it is like all my creativity has just ebbed and is no longer flowing.

    I want to wrap myself into a cocoon until 2012.

    I believe there are late night meetings…and that explains the teleprompters…and why the messiah couldn’t continue the other day when his teleprompter messed up.

    Bless you my dear friend and your family. I feel as though you are part of my family these days. Mine left me behind because they all support the resident evil.

  6. I love you guys! I’ll be the one in the back mixing margaritas until we are all blithering idiots and don’t give a shit what they do next! 😉

  7. Oh My Diamond, you did it again. As we chatted last night, talking of Doldrums, little did we know they would end this morning. Mine ended with Chris Hill’s news that backers had pulled out of the June 13 Troop rally because of their concern about “the current political climate…”

    Like many of you, my genetic family has deemed me an unacceptable conversation partner as I have learned more than I ever wanted to know about what evils lurk in the hearts of men…and women, and foolishly thought that others might want to know too. How silly of me. But, knowing what I now know, and seeing the train coming fast [WHY IS it that WE are the only ones seeing it??!] we now have to decide whether to continue to try warning those hapless souls sitting on the tracks ahead and be dismissed as crazed Cassandras or remain silent, thereby keeping our dignity and the respect of those about to be squashed on the tracks. Well, I’m just not one to pander to the crowd. If the emperor has no clothes I have to say so, lest I lose my self respect, and so it is with that train I hear acomin’…I’ll be shouting warnings until it hits, in the hope that a few will be saved, or even, miracle of miracles, rally even more of us, all the better to throw a log in front of it and stop the dam thing before it destroys us all. But, as my former father-in-law always said, “WTF do I know?” Guess we’ll have to wait and see, but I’m going to keep spreading the alarm til my last breath. Which we hope will NOT be taken as the train hits.

    Love u all, now and always 😉

  8. Where do I begin? The Chinese yuan story is the next show dropping after what I wrote about a couple of months ago screaming about the IMF, IMF bonds, Russia and China wanting the basket of currencies….The Chinese are buying up property here and going merrily on their way…

    The news from the local NM papers is full of quotes by people who thought the credit card business (the topic of O’s visit)is just peachy keen! Meanwhile, it’s just another diversion from the absolute hell we’re in.

    As for 2012– I keep telling people that this smiling jackass is setting the table….When the backlash happens eventually (and it may not be 2012) and Republicans return, you can bet the stage will have been set for MASSIVE slash and burn, which has been their wet dream for social programs for years.

    I almost freaked when Cheney showed up and mentioned Jeb Bush….we are so SCREWED!!!!! It’s so easy to connect the damned dots and yet….nobody is doing so except a very few of us…

  9. Sorry, that’s “SHOE” dropping…

  10. Leaping Spark says:

    Doing research again Diamond even though there is not enough Miller Lite in the world to cool my anger as I watch the little Communist Muslim Bastard destroy America. I did however dig up some interesting tenants about the Communist take over of America, or was that the Mexican take over, or maybe the Muslim take over, or maybe it was the black liberation take over, oh hell just pick one.

    1) Use acceptance of coexistence as the only alternative to nuclear war.

    2) Use willingness to capitulate in preference to war.

    3) Develop the illusion that nuclear disarmanent by America would be a demonstration of moral strengh.

    11) Promote UN as the only hope for mankind.

    13) Do away with loyalty oaths.

    15) Capture one or both of the political parties.

    17) Take control of the schools and use them as propaganda machines for socialism, put the desired agenda in the textbooks.

    20) Take control of the press, control assignments, writing and policy making.

    21) Take control of radio, TV, and motion pictures.

    26) Present homosexuality, degeneracy, and promicuity as normal, natural, and healthy.

    27) Take control of the churches and discredit the bible.

    28) Eliminate all prayers in schools.

    29) Discredit the Constitution by calling it inadequate, out of date and not relevant to modern times.

    30) Discredit the founding fathers.

    31) Belittle American culture and discourage the teaching of American history.

    32) Support any Socialist movement that gives centralized control over education, industry, banking, social services agriculture, and health care.

    35) Discredit and diamantle our intelligence gathering community.

    36) Gain control of unions.

    40) Discredit the family as an institution.

    41) Emphasize the need to raise children away from the negative influences of their parents.

    46) Import anti- American people from the third world via open border policies and force their intergration to divide and conquer America.

    47) FEminize and disarm both the civilians and the military; especially disarm the white males.

    Too many to write down so I picked a few that I thought were most relevant.

    nv-wa-do-hi-ya-da

  11. no-nonsence-nancy says:

    Dame– What was the troop rally that was supposed to be on Jun 13th? Was that the one in Phlly at the Constitutional Center?

  12. I had read that, Diamond. This plan has been in the works and we have been fed morsel by morsel for a very long time. If nothing can be said for the evil powers that be, they are very patient if nothing else. I can still remember my grandfather always screaming that “those commie bastards are ruining this country!”. I used to just think that he was a little off kilter, but now I realize he was seeing the train way back then and screaming a warning.

    I don’t care if my family doesn’t want to talk to me, and if my neighbors try to hide when they see me, I will keep up the warning. I have to, to do otherwise will really drive me over the edge! Thank God for the internet and for the friends I have found here. Kindred spirits are always a welcome comfort. At least we know that we are not crazy and someone else sees that damned train!!

  13. Kathy says:

    Diamond, I recall a recent reply to one of the comments, in which , I can not remember who , seemed about ready to jump off the deep end, and you said,”You have to have faith, walk in the light” , not your exact words but similar.

    I know we are all just ready to give up, I had to laugh when you mentioned wine, I am keeping my grocer out of stock of Merlot. Not really but I do know some times you just want to forget it all, and most especially you as you seem to always be in the bowels of all of this.

    So I too thank you and may I offer a suggestion, sometimes when you do not know what to do the best thing is to step back and do nothing for awhile.

    We do not know what God is doing in the background and while it is obvious, at least to me, that he has chosen you as one of his instruments to lead this charge, he does not want any of us working to the point where they want to give up.

  14. …and now you know the world is upside down if I have been left anywhere near the front of the line. 😉

    Mahalos kathy!

  15. DT, I was actually going to email you along the lines of the comment that just went up by Kathy…I remember you telling me one day as we talked that things were going to be OK, things were afoot…

    But I see you’re drinking wine now…which gives me the sense that our moment to right this sinking ship may have passed. Because all I see coming down the pike are more Republicans, who already have managed to get firearms into the national f*cking parks and who will drool at cutting Medicare and Social Security and screwing people until the end of time.

    Hey, how do you like the new Ambassador to China…yup, a Republican who worked for Bush….Yup, China, Poppy Bush, and ,by the way, wasn’t China just about the only place George W. ever really traveled to before he hit D.C.?? Yes, it was….

    • Insight – I’m back to not imbibing due to the insane percentage of increased cancer in women who even drink a couple times a week. As for my mood, things are going to work out exactly the way they are supposed to. I just hate not knowing just how bad the train wreck is going to be. There is one thing I know – perception is not reality – this whole situation could turn on a dime given one event at the right time and the right place.

  16. Leaping Spark says:

    Democrats, Republicans same thing, it’s about time for a political party that honors the Constitution of the United States of America. Time to form a real American party, because the Democratic and Republican parties have sold America out. I hear panic in the voices of the current group of corrupt politicians anytime someone mentions forming a new party. They can see their meal tickets slipping away from them. It is also interesting that it also panics the liberal and conservative talk show hosts when a viable third party is mentioned as they immediately try and steer the person mentioning the third party back to the to one of our corrupt and usless political joke shows. F#%K the Republicants, and the Socialistcrats, it’s time for a real change America, it’s time for “We the People” to take America back!

  17. Patrio Tick says:

    They have a large lead on us Diamond: A hundred years give or take. The American people have been warned about the FED again, and again. Number one top ten response was to throw the messenger under the bus. But wait you say, wasn’t it true that the Fed was established under the auspices of the Government via the Federal Reserve Act of 1913, a bold move to stablize the monetary system? Yeah right. That’s what they TOLD us. But they lied. And now, a hundred years on, we are seeing they are just about finished squeezing the life out of this country. Amazing that it took them that long, considering the evil intent behind it all. Just goes to show what can be done with patience and tenacity, as well as a solid grasp on mass psychology. I’ve said to you all before: Obama is batting clean up. All those CFR presidents b4 him loaded the bases. He’s going to slam one outta the park and bring it all home in the form of the biggest financial bust in history. But he has to connect; if he strikes out, what then? Gerry Celente warned well in advance about the residential real estate bubble. They poo poo’d him, but he was right. Later on he started warning about the Commerial RE bubble busting. His prediction is dire enough, but I’m thinking it will bust just about the time the Government Deficit bubble busts. It will be nuclear. I see they have kicked it into overdrive to get all this done fast enough B4 the deficit bubble explodes. That’s why this apparent devil-may-care attitude: Because money- our money that is, IS going out of style! There won’t be pandemonium. There won’t be riots, and there won’t be a revolution. That’s because I believe the UN is poised to do the storm trooper thing to come to our “rescue”. When they move in, we’ll see all the Change that Obama promised during his campaign. People should have read his books b4 the election to discover how much he hates us. Maybe that would have given them pause. Maybe not. Here’s what I can’t fathom. I know there are still Congressmen and Senators of a sound mind who know all about what is going on. Why are they not telling anybody in the form of a JOINT STATEMENT OF PATRIOTIC REPRESENTATIVES WHAT IS GOING ON?? If they all did that…I believe then people would listen…but they have to do it soon; like on Monday. My take: The Fed and the US government are working hand in glove toward New World Order, and for that to succeed, America has to be conquered. They are doing it as they promised via a FIAT monetary system whose design IS to fail us.

  18. DT, glad you’re taking care of your health re: wine!
    As for things turning on a dime…yes, they could! BUT…
    then what? MORE OF THE SAME CRAP since they’re all pretty much all together on this these days and destroying those who try to put up a fight…

    Sigh, let’s send all our good thoughts to Gibson, the world’s largest dog (a Great Dane) who had to have one of his front legs amputated because of cancer…

  19. The one thing that has always stood in the way of anyone conquering the US from without or within was our right to bear arms. The citizenry is armed and will be dangerous when the time comes. There is no other nation in the recorded history of the world that has been so well armed, and no other people that has known the freedoms we have known. We have freedom in our lungs, our blood, our very DNA; God save the person(s) who tries to snatch it from us! I have never been a gun owner, but have come to realize the wisdom of the Founders in giving us this gift over 200 years ago.

    We will overcome my friends! Know that in your hearts, no matter how bleak it may seem on the horizon. There is no man, no group, and no conspiracy that can extinguish the flame of American freedom. We are the break wall that will stop the flood, no matter how hard they may try to destroy us. Stand strong and know that we have each other’s backs.

    The final assault will be ugly, and it will come soon. As Credit card Joe says, gird your loins. But always know that you are not alone, and you are not crazy. You are Patriots.

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  1. @Mike C. says:

    Once Again; How Stupid Does The Government Think We Are? – http://tinyurl.com/qo4h7q



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