Archive for the ‘Lies’ Category
Let’s see how I do with the list.
- Fast And Furious (guns for drug lords, resulting in murder of Americans and Mexicans)
- Robosigning (over 100,000 perjured affidavits filed in court cases)
- IRS Tea Party and other group and individual abuse in direct violation of the law (politically-based harassment and now apparently-perjured testimony before Congress)
- Money Laundering for terrorists and drug lords (by multiple large banks)
- Intentional and unlawful destruction of property rights (GM bondholders screwed for political cronies in the UAW)
- Intentional and unlawful destruction of your saved wealth (QE, QE2, QE3, QEinfinity, $1 trillion+ deficits, etc; Treasury and Federal Reserve actions)
- Benghazi (apparent illegal arming of terrorists, then an attempt to reverse that leading to the attack on our CIA outpost and what appears to beintentional indifference and orders to stand down during the attack that had to come from the White House despite ability to respond; this amounts to conspiracy with the terrorists to kill Chris Stevens and the others who died.)
- Swindles by the billions in countless schemes during the 2000s related to securitizations and other hinky deals (where despite black letter legal requirements for actual endorsement and delivery of documents banks simply did not comply and now argue there should be no penalty for not having done so, and that these defects are “mere procedural errors” despite intent to not comply.) The result is that our land title system no longer has any resemblance of integrity.
- Intentional destruction of anything approaching a “free market” for health care going back 30+ years and now compounded through active conspiracy by Obama and all of the political parties to grant, protect and enforce through government monopolies and cost-shifting resulting in cost escalations of 500-1,000% or even more against market prices and now, with Obamacare, abuse of the IRS tax power to force another 100% or more increase in those expenses down your throat for the express purpose of enrichment of those in the medical industry.
I’m sure I’ve missed a bunch, but this is a good start.
What do all these (and more) have in common?
Your refusal, as Americans, to stand and demand that The Rule of Law be restored and honored and that those who refuse to do so be impeached (if in government) and stand trial for their abuses.
I keep hearing people ask when I, or someone else, will “lead” on this issue.
Why do you ask where the leader is?
Do you want a Hitler? You’re going to get one if you keep that shit up.
We the people do not need “leaders” to resolve this.
We all need to personally grow a pair of balls to replace that vacuum between our legs (or nestled in our pelvis where our ovaries are supposed to be.)
We need to get off our fat asses and stop demanding that someone else take care of what is our job as citizens of this nation.
You do not have the right to health care.
You do not have the right to a job.
You do not have the right to go to college.
You do not have the right to a house.
You do not have the right to food.
You do have the right to effort to generate some form of economic activity by your own hand and mind for yourself and those who you have as dependents through your own actions, such as your children (who exist because of your actions – your exercise of the power to create life.) You may then expend the fruits of that economic activity as you see fit because such is your property; you earned it through an honest exchange with another.
You do have the right to life, liberty and the pursuit (but not guarantee of attainment) of happiness. This means that all of the above — every single one of those abuses that have been served upon you — are unlawful.
But those three rights only exist so long as you will stand and defend them. A person is a victim only until he or she gives consent.
Put a different way: The only difference between sex and rape is consent.
As soon as you consent to the frauds and abuses heaped upon you they cease to be frauds and abuses and become part of a sick sado-masochistic ritual you have willingly taken upon yourself.
They remain so until you stand and demand that it stop, backing that demand with whatever defensive force is necessary to stop what has now become rape rather than sex.
It is for that reason that I am an absolutist on where the Second Amendment’s boundaries lie. It is impossible as a matter of logic for me or anyone else to depend on someone else to stop a criminal who intends to take my life or that of those in my care, irrespective of how we would otherwise design such a social system. By definition the first person able and often the only person able to stop such an assault is the victim that the perpetrator intends to assault or kill. It matters not whether the assailant is an individual thug, a pair of thugs, an organized gang or a government agency.
The bottom line is the same; your right to life only exists so long as you are willing and able to defend it.
The same bottom line exists for liberty and the offense against it that is delineated in most of the above list; you have such a right only so long as you are willing to defend it. The minute you cede that right you have consented to what you are experiencing and you lose the right to bitch about it until and unless you stand and take back that which God gave you.
This is basic logic and as soon as you cede basic logic you inevitably lose every other point of argument. In this case when you lose those arguments you risk losing your life and/or liberty; you are literally risking death or enslavement.
Since 2007 I have written on these matters in the economic realm and laid forth arithmetic proving that what has been done is not an accident but rather is a swindle. It is not a new swindle either; it is in fact one of the oldest in the history books, rivaling only prostitution in age. Arithmetic is not subject to debate; you can choose to overlook it but you cannot change it.
Those of you who seek leaders are fools; each of you should lead for yourself and confine that leadership to yourself and your life along with those dependent upon you through acts of your own free choice, enjoying or suffering the consequences of those choices.
Your right to lead in that regard ends as soon as you demand that someone else pay for whatever it is that you want to acquire or suffer as a consequence of your actions and inactions, whether it be food, shelter, education, health care or anything else.
The first principle behind The Declaration is that we are a nation governed by laws, not men, with each such law that is valid and enforceable being able to be tied back all the way to The Declaration through The Constitution.
The Declaration sets forth the reason why although rights are absolute societies organize governments — it is for the purpose of providing a framework of laws to enforce those rights and punish violators. Absent that you have only the law of the jungle, where the individual with the biggest teeth, claws and body mass wins while everything else is food.
That is what you have in the absence of the rule of law, and that is what we have collectively and individually allowed to occur in this country. All of the above has occurred because we have regressed to The Law of the Jungle from The Rule of Law.
We either stop it or we will be consumed by it.
Oh, but everyone believed that if Cyprus “came up with” $7 billion (by stealing deposits) and shutting down the banks, along with capital controls, the $10 billion was “enough.”
Oops — it’s not. As I noted at the time the destruction of jobs that came from pilfering small and medium sized business bank accounts was going to lead to monstrous layoffs — and thus fewer tax receipts.
Now the number has gone up to $23 billion — six billion more — which incidentally is twice what the government was first told they had to find on their own.
Yet another abject fraud perpetrated on the people.
Are you learning yet America?
Your Representatives aren’t telling you the truth. Neither Democrats or Republicans are doing so. The Fed isn’t doing so. And you’re not paying attention because “happy days are here again, the market is going up!”
Uh huh. It did in 1999 too.
It did in 2006 and 2007 too.
There were “rational” and “reasonable” views of why everything was going to be ok then too.
But the number didn’t add up then just like they don’t now.
Don’t say you weren’t warned, because you were.
The premium in America has shifted from truth to self-serving distortion, and from trust to manipulation.
The premium we place on truth and trustworthiness is self-evident. Truth is uniquely productive feedback from the real world. Truth (including factual data) is indispensable, for it alone enables us to correct errors, learn from mistakes and improve our effectiveness and communication.
We pay a premium for trust because the cost of dishonesty and artifice is steep.Would you pay more to buy a used car from someone you trust? If you place no premium on trustworthiness, then you buy the “great deal” used car you found online: oops, the “new” battery was spray-painted black, the crankcase leaks, the engine is shot and doesn’t pass smog, and the certificate of ownership is forged.
The premium on truth and trust is eroding under the constant onslaught of officially manipulated data and markets, and a vast array of distortions and propaganda designed to serve the interests of ruling Elites and key constituencies.
We all know the negative premium placed on fact: telling the truth will get you fired. And not just in the corporate world: politicians from the President on down all worship at the altar of the carefully distorted unemployment rate.
The officially sanctioned lying and manipulation are now shameless. Never mind that millions of people have become statistical phantoms (i.e. not in the workforce) to generate that low rate, and college graduates working 3 hours a day (if they’re called in at all) are gleefully counted as employed, as if there is no difference between a full-time job and a marginal one.
President Obama is touting rising auto sales as proof of the “recovery” (and implicitly, of his wise stewardship), studiously avoiding the fact that these stupendous auto sales are the result of offering low-interest rate auto loans to marginal borrowers with near-zero collateral (i.e. skin in the game).
How did blowing a credit bubble and securitizing the debt turn out last time?
Never mind: here we go again. Via Doug Nolan at Prudent Bear:
Springleaf Finance Corp., the lender to borrowers with poor or limited credit, sold $604 million of bonds last month backed by personal loans secured by household goods from furniture to electronics, its first such deal. Demand for riskier asset-backed bonds has grown as the Federal Reserve holds its benchmark interest rate at almost zero for a fifth year. Sales of securities linked to subprime auto loans doubled to $4 billion in January from a year earlier.
Manipulation and carefully crafted distortion erode trust, not just in the individuals employed to repeat the lies but in the institutions that issue them. The ruthless pursuit of self-interest is now the norm; truth is a terribly risky disruptor that must be hidden, masked or countered with plausible lies.
As a nation, we’re like the obese person who looks at himself in the mirror and sees his body as normal–the distortion of truth is so complete that we literally no longer recognize reality. Untruth no longer arouses any moral indignation; we are either too jaded to care, or our moral compass now spins aimlessly from one manipulation to the next.
There can be no trust if there is no truth. How can we trust people who lie to us constantly, who issue one self-serving justification after another for their own parasitic predation? We cannot. How can we trust institutions whose credibility now rests on the continuation of lies that are so embedded in our financial sector and State that their collapse will bring down the entire house-of-cards debtocracy? We cannot.
The premium in America has shifted from truth to self-serving distortion, and from trust to manipulation. This spiritual and moral rot will end gloriously, have no doubt, for the stock market’s permanent ascendancy dissolves all other narratives.
Charles Hugh Smith – Of Two Minds
In late 2010, in a superficially stunning move, Bank of America was sued by, among many others, the New York Fed over the biggest bogeyman for the bank’s balance sheet – its legacy portfolio of super toxic Countrywide mortgages it inherited in the worst M&A deal of all time (its purchase of CFC) and the inheritance of woefully inadequate mortgage issuance standards which ever since then (recall our prediction on this issue) has cost the bank billions in litigation payments and reserves.
Obviously, the Fed had no concerns about collecting the money it itself creates, and it certainly doesn’t care about legality and criminal financial impropriety, so why was it among the list of plaintiffs? Simple: as we suggested back then, and as has since been proven correct, it was simply so that Bill Dudley’s henchmen have a first row view of everything going on in the putback litigation that has been the primary concern for BofA, but with a few of keeping the damage to a minimum. Sure enough, Ever since then the Fed has done everything in its power to mitigate potential losses to BofA as a result of Agent Orange selling hundreds of billions in biohazardous mortgages to anyone and anything with a pulse. It has gotten so bad that the Fed was last week caught lying under testimony, forcing the Fed to take back testimony in a parallel lawsuit between AIG and BofA, which has also involved the New York Fed, as a indirect guardian of BAC’s cash hoard.
The WSJ reports:
The Federal Reserve Bank of New York is having some trouble getting its story straight. A New York Fed employee took back testimony he previously gave in a legal clash between American International Group Inc. and Bank of America Corp. over about $10 billion in mortgage-investment losses, according to the big insurer in its newest federal-court filing in a lawsuit seeking compensation.
The testimony is part of a long-running battle between AIG and Bank of America over losses the insurer incurred after purchasing troubled mortgage bonds underwritten by Countrywide Financial Corp. and Merrill Lynch & Co., now part of the Charlotte, N.C., bank. The primary legal battle has been sidetracked by a dispute over who has the right to sue Bank of America.
AIG says it does. But the bank claims AIG gave up its rights to sue when it accepted a bailout by the New York Fed, which purchased the troubled securities in 2008 through a vehicle called Maiden Lane II.
To help decide the dispute, AIG and Bank of America have sought depositions from New York Fed employees who were involved in the bailout.
Bank of America previously cited December 2012 testimony from James Mahoney, one of the New York Fed’s lead negotiators on the Maiden Lane II deal.
Mr. Mahoney said that when the Fed bailed out AIG, it intended to receive the rights to all future legal claims.
But on March 18, Mr. Mahoney told AIG’s lawyers: “I was really just concerned about moving all the upside and recourse over to the Fed. I didn’t contemplate taking something away.”
He also said he never discussed with anyone the idea that “AIG was somehow giving up its [tort] claims.”
Mr. Mahoney explained the discrepancy in his testimony by saying he spent “less than 10 minutes” discussing a document prepared by Bank of America that asserted AIG had given up all legal claims in the bailout.
Fine, so Bank of America must have legal obligations to the Fed if it has been released of all claims toward AIG right? Wrong.
To settle a separate matter, Bank of America agreed to pay the New York Fed $43 million in exchange for the Fed dropping all legal claims against the bank.
A “massive” $43 million to absolve the bank of any wrongdoing relating to $10 billion in bonds? Some things crony capitalism can’t buy: for everything else there’s BailoutCard.
As for the Fed and Bank of America, complete the sentence: “when it gets serious, you have to [ ___ ]“.
My evidence is here:
Note who it’s from, their position and the letterhead. There’s only one question: Is the letter real or is it a spoof? Note that the question that led to it is real, as it was published in the FT.
More the point, if this sort of nonsense continues to go unpunished and the acts stand, we do know that Cypriot politicians did rule out confiscation of deposits shortly before they did so, and you continue believe a word that comes out of Bernanke’s mouth — or that of the FDIC, OTS, OCC or any other US Federal regulatory agency on a similar matter the case is closed.
YOU ARE A FOOL AND WILL SOON BE BROKE
Bill Still is a guest on the Day Trade Show. Some very wise words of caution regarding a gold standard. The large banking institutions are starting to push a ‘gold-backed currency.’ Everyone from the IMF to the BIS to the World Bank is starting to suggest that this is what will be implemented when fiat money printing no longer kicks the can. One has to ask the obvious question: Why would the same banking institutions who have successfully monopolized fiat currency want this if it would, as purported, put the money power back in the hands of the people or in any way prevent them from a total monopoly yet again.
The short answer is: it won’t. The banks control the gold as much, if not more so, than they do fiat currency. The whole point is to try to push you, JoeCitizen into ‘trusting’ that this is a much more fair method. Do not be fooled. It’s time that we learnt our lessons from history. Remember, we went off the gold standard not because it was too restrictive for the bankers, we went off the gold standard because people were losing faith in it. The bankers had manipulated it so much, that no one believed it was real anymore. And it wasn’t. It is time to STOP trusting what these money changers suggest!