News of the finance

When it comes to who the president serves, Obama is no different from Bush, Clinton, Bush Sr., Carter or Reagan

Kurt Nimmo

Glenn Beck, the Fox News talking heads, and no shortage of Tea Party activists like to characterize Barry Obama as a Marxist. In an article gaining a lot of traction across the blogosphere, Wayne Allyn Root, who considers himself a Libertarian Republican, says Obama is purposely overwhelming the U.S. economy to create systemic failure in order to turn the U.S. into a socialist/Marxist state.

Obamacare, cap-and-trade, legalizing 12 million illegal aliens, increased taxation, and endless bailouts and stimulus boondoggles, Root argues, are schemes designed to overwhelm the system and pave the way for a Marxist takeover of America.

It cannot be denied these schemes will destroy America. It also cannot be denied they are intentional. However, it has nothing to do with Marxism.

Marx advocated a proletarian revolution. He said that in order to overcome the restraint of private property the working class must seize political power through a social revolution and expropriate the capitalist classes around the world and place the productive capacities of society into collective ownership. Marx said the ultimate goal is a a classless and stateless form of communism beneficial to the interests of the proletariat or the working class.

Is it possible the Federal Reserve and Goldman Sachs operatives in the Obama administration truly desire a communist revolution as Glenn Beck and Wayne Allyn Root insist?

During the 2008 election cycle, Goldman Sachs donated nearly a million bucks to Obama. Citigroup and JPMorgan Chase donated nearly $1.5 million to the Obama campaign while Morgan Stanley pitched in over a half million dollars. “When you break it out by individual companies, you find that employees of Goldman Sachs gave more to Obama than workers of any other employer. The Goldman Sachs geniuses are followed by employees of the University of California, UBS, JPMorgan Chase, Citigroup, National Amusements, Lehman Brothers, Harvard and Google. At many of these workplaces, Obama has a three- or four-to-one fund-raising advantage over McCain,” the New York Times wrote on July 1, 2008.

Is it possible all these folks are clueless about the supposed Marxist philosophy of Obama? Is it possible transnational corporations and international banks savvy enough to game the system for trillions of dollars support a communist system that would ultimately strip them of that wealth?

Goldman along with the Federal Reserve rule the Obama administration. William C. Dudley was the president of the Federal Reserve Bank of New York and a partner and managing director at Goldman. Gary Gensler, chairman of the Commodity Futures Trading Commission, spent 18 years at Goldman. Mark Patterson, chief of staff to Tim Geithner, is a former Goldman lobbyist. Philip Murphy, nominated for ambassador to Germany, is a former Goldman executive. Diana Farrell, deputy director of the National Economic Council, is a former Goldman employee. Emil Michael, White House fellow, used to be an investment banker at Goldman.

Obama functionaries are connected to the CFR and the Trilateral Commission, two organizations established to implement world government. Tim Geithner, Susan Rice, Pete Peterson, Gen. James Jones, Thomas Donilion, Paul Volker, Dennis Blair, Richard Haass, Dennis Ross, Richard Holbrooke and others have connections to the Trilateral Commission, the Federal Reserve, the CFR, and Bilderbergers.

“We can be quite sure that somewhere between 400 to 500 high-level members of the Obama administration will be members of the CFR. How can we say that? Because that’s about how many CFR members occupy the current Bush administration (beginning with Vice President Dick Cheney, an in-again, out-again member of the CFR board of directors). And about the same number occupied posts in the Clinton administration,” John F. McManus wrote in November of 2008 after Obama was selected to be the front man for the banksters.

Obama’s mischaracterized socialism is a control mechanism created by the bankers. It has nothing to do with liberating downtrodden workers. The Soviet system was financed by Wall Street, as Rep. Louis T. McFadden, chairman of the House Banking and Currency Committee throughout the 1920-30s, explained: “The course of Russian history has, indeed, been greatly affected by the operations of international bankers… The Soviet Government has been given United States Treasury funds by the Federal Reserve Board… acting through the Chase Bank.”

The late Antony Sutton’s exhaustive research demonstrates how Wall Street bankers supported and financed the Russian revolution, supported the Soviet Union financially, technologically and military both before and after the Second World War, and also supported Hitler and Nazi Germany financially and military both before and during the Second World War.

The monopoly men who exported jobs from America to slave labor gulags in China and are now in the process of looting the financial system are not dedicated Marxists. The late Gary Allen wrote:

If you wanted to control the nation’s manufacturing, commerce, finance, transportation and natural resources, you would need only to control the apex, the power pinnacle, of an all-powerful socialist government. Then you would have a monopoly and could squeeze out all your competitors. If you wanted a national monopoly, you must control a national socialist government. If you want… a worldwide monopoly, you must control a world socialist government. That is what the game is all about. “Communism” is not a movement of the downtrodden masses but is a movement created, manipulated and used by power-seeking billionaires in order to gain control over the world…. first by establishing socialist governments in the various nations and then consolidating them all through a “Great Merger,” into an all-powerful world, socialist super-state.

The Obama banker-CFR-Trilat-Bilderberg administration is the process of forging this “Great Merger” and is moving inexorably toward an all-powerful world, socialist super-state. Obama’s socialism will not emancipate the workers of America. It will further impoverish and enslave them.

As we approach the mid-term elections, the deceptive claim that Obama is a Marxist will pick up steam and will be exploited by the Tea Party movement as it attempts to get Republicans masquerading as patriots and constitutionalists elected to office.

Glenn Beck and Wayne Allyn Root need to reexamine and stop chanting the ludicrous Obama is a Marxist mantra and point out what Obama really is — a sock puppet reading a teleprompter for his employer: the control freaks at the international banks and multinational corporations.

Everything You Ever Wanted to Know About the Tea Party — Well, Maybe You Didn’t

NOTE: This is here, this is now. Please read “Where I am Coming From” if you don’t get that.

The next three portions of the proported Tea Party suggestions for America are relatively easy. Please note, the numbered suggestions in bold are NOT MINE. I do not like them at all.

3. End Medicare as it presently exists
This one can be handled pretty much like Social Security. Lots and lot of details to work out though, so I am not making light of it. Personally, I think socialized medicine has a better chance at getting through than this. And no, I don’t think private insurance can do a better job than the government. Neither is to be trusted.

4. Extend the Bush tax breaks for the wealthy and big oil
I don’t like taxes any more than you do. I do admit that I don’t pay taxes because my income is too low ($12,000 a year for a family of two). But I don’t like taxes for you either. Let’s get this part real clear, tax breaks for the rich are disgraceful. (OK, OK, they’re disgraceful on anyone if you are a liberatrian. I have no problem with that.) I personally think that EVERYTHING, including, for example, speeding tickets, ought to be income based. That Bill Gates and I pay the same for speeding is flat wrong.

5. Repeal Wall Street Reform
We should NOT role back consumer protection, let banks get to big to fail and let predatory lenders carry on. And yes, the Tea Party and Republican Party want to do this. Large corporations ARE the government. Big banks ARE the government. Wall Street IS the government. That’s not free enterprise. That’s a licence for the rich to continuing screwing over the middle class.

These are more discussion points than complete programs

I was surprise when I learned that the police case i am having was filed by First Gulf Bank where in fact I have already paid and close the credit card and loan with them 2 years ago, that was 2008 and the police case was file january 12, 2010?!?!? Not to mention that i have overpaid for the amount of AED800.00 because of the penalty incurred of not paying the excess of less than AED10.00 . . . . Hahahaha I really can’t believed this is happening but yes it happened and i did not able to get the AED800.00 which i have been following up for the last two years with First Gulf Bank and Aramex (since i was told that the cheque was already dispatched by them).  However, I was informed the last time I called the customer service that apparently since 2 years has passed it would become the bank’s profit!  Hahaha, give me a break!!! And so I give in just to have a peace of mind, LET THEM ENJOY IT!

Here is another crazy situation: I went to the bank and ask for their legal and recovery department why I am being wanted by the police?  And you know what is their answer? — Go to the police station and ask for the print out of the police case that you have?

HOW CONVENIENT WAS THAT!!! Bullshit!!! They are the ones who filed the case and yet they don’t have a copy of those documents? And what they were thinking, since I am already considered WANTED, it never occurred in their scattered brains that if I go there directly, the policemen will put me behind bars BIG TIME!!!

I don’t think these people knows what they are doing, yet THEY ARE RUNNING A BANK for heaven’s sake!

And so I went to the Police Station, however I called my friend and ask her to represent me just to get the information that the bank demanded.  I am not that stupid to endorsed myself directly there and be killed instantly!

In conclusion:  I was able to get the released letter from the bank and then endorsed it to the police so as to clear my name in WANTED LIST.

This i a real life experience and I recommend to stay away from First Gulf Bank.  If you are really in dire need of money, where in you are caught in between life and death situation and you don’t have any other choice, then get a loan from them and face the CONSEQUENCE but if you can avoid this bank, please stay away from it…

Is it just me or does dealing with Charter Communications make everyone want to commit Hari Cari?

I had double dealings this morning. First I needed to find out why they are still sending my mother a paper bill after I specifically said I did not want a bill sent to her anymore.  Made an online account, created a password and the whole nine yards just to check a box saying send the bill via email (to me).   I did not want a bill mailed to her anymore because she keeps forgetting to pay it. Then they call to tell her they are shutting off her t.v.  So what happens then is she pays it and I pay it.  With the bill coming only to me she will not remember she needs to pay it and I will take care of it.  RIGHT?  Well not when they send her a bill to and she pays it too.   We shall see next month if they can get their act together on this one simple thing and not send her a bill again.

Second call was for my own service.  All I have through them now is internet and that is just because I have no other options.  Back in middle July they threatened to shut me off.  Yea I did owe them money because it is just so hard for me to reason myself into sending them anything.   Well I gave some person who did not speak English well my banks routing number and account number.  They were to put the payment through and turn my internet back on.  After a few hours I had to call again to have them reset the modem so I would have the internet.  With the push of a button on their end WAALAA my computer was back up and humming.  All was right with the world again.  I paid them the current balance two weeks later. 

Imagine how irate I was last week when my ebill arrived and it said I still owed all this money.   That was my call for this morning. Of course it was my banks fault.  They reversed the payment due to over draft.  Yea ok.  I have over draft protection.  I also have a small town bank.  I called and spoke with one of the girls.  She looked everything up and said Charter never put through the payment.  Imagine that and they have the nerve to threaten me with disconnect again.  Amy said it would show if it came through and the bank denied it or paid it.  I know this.  I used to work in a bank.  I also know I would have been charged $5.00 if I had to use overdraft protection.  Amy laughed and apologized for not knowing which account she should have taken the money out of.  Even if the number was wrong she should have known it was for me.  It is always her fault.

So back to Charter I went.  Got another girl who spoke English, but with a strong accent.  She informed me that yes the payment was reversed because of insufficient funds and yada yada yada.  I told her wrong way to go and my payment BETTER NOT COME THROUGH TWICE or heads would roll.  Not sure whose because I can’t fly to Pakistan or India, but someones will.   I agreed to pay the amount paid on July 15, but only through my banks website not with one of them again.  Get a load of this one.  If it does not reach  them by the end of the week they will disconnect me again for the same amount that was paid two weeks ago and was screwed up by them. 

I think I need a coffee and a moment of quiet meditation to calm myself and go on with this beautiful Saturday morning.  If I had any options with internet service I would give Charter the boot completely but the Verizon guy came and ripped the lines off my house last year when a tree branch (off a tree that was supposed to have been cut down, that is another story completely) landed on them. Because we did not have them as a provider at the time he said “YOU DON’T NEED THESE, YOU DON’T HAVE OUR SERVICE”  and he proceeded to take them down instead of securing them back where they were.  Bye Bye Verizon.  Won’t pay to have them rerun to the house. 

Oh the joys of utilities.  Maybe we should go back to smoke signals and messenger services.

From the VOMITORIUM

It is all so much BS!

We have hear all the attacks on the Prez and his jobs agenda….all the crap about it is small business that creates all the jobs and that small business should be a priority for the Obama admin……you have heard it all…….the Dems are failing the American people by NOT emphasizing small business and the creation of jobs…..

But wait!  The Repubs have a better idea right?

From the AP:

Senate Republicans in the United States blocked a bill to increase small business lending Thursday, dealing a setback to the jobs agenda of President Barack Obama.

The bill would create a $30 billion (U.S.) government fund to help community banks increase lending to small businesses, combining it with about $12 billion in tax breaks. Democrats say banks should be able to use the lending fund to leverage up to $300 billion in loans to small businesses, helping loosen tight credit markets.

Then if small business is the engine of our economy, why would they block a bill to help loosen up credit for the small businesses in this country?  Good question…..

Much of the bill had bipartisan support, but Senate Republican leader Mitch McConnell of Kentucky said Democrats were blocking GOP amendments.

What would those amendments be?  Glad you asked……

GOP amendments included measures to beef up border security, impose a government spending cap and lower the estate tax, which is scheduled to return next year with a top rate of 55 per cent on estates larger than $1 million.

One Republican amendment would repeal a new tax reporting requirement for businesses that was included in the massive health care overhaul enacted last spring.

The amendments have NOTHING to do with small business….if the GOP is so hot for the small businessman then why would they scuttle a bill that would help the businesses and jobs?  It is an easy one to answer……politics…..nothing short of politics…it is NEVER about loosening credit for small business…it is about seeing that the Dems have nothing when it comes election time…..this screwing of small business helps Repubs and does NOTHING to help the American people…..Can you see the game for what it is now?

You want an idea of how the deficit expands so rapidly?  Earmarks!  You know those add-ons to bills…..the pork……what does border security have to do with small business?  What does a spending cap mean when you add on so much new spending?

Special interests and pure gamesmanship and small business is just a pawn in this elaborate game of politics…..

The 25-basis point’s hike in the repo rate and the 50-basis points increase in the reverse repo rate announced by the Reserve Bank of India may lead to an upward bias in interest rates in the short-term, according to senior bank officials.

“Every bank will have to take a look at their assets and liabilities. There is certainly an upward bias in interest rates. Though lending rates might not inch up immediately, deposit rates are likely to move up,” said Mr J. P. Dua, Chairman and Managing Director, Allahabad Bank.

The bank will take a call on interest rates at the Asset-Liability Committee (Alco) meeting that is scheduled to take place in the next two to three days, he said.

Base rates

While the short-term deposit rates are likely to inch up immediately, that on the one-to-two year deposits is also likely to move up in due course, according to Mr S. L. Bansal, Executive Director, United Bank of India.

“The short-term deposit rates will go up within the next one week and correspondingly, lending rates will also increase. Since banks have fixed the base rate recently, any change in the base rate is ruled out immediately. However, banks will try to pass on the rise in cost of funds to their customers,” Mr Bansal told Business Line.

The RBI’s move to hike the short-term lending and borrowing rates was primarily to rein in inflation, according to Mr Hemant Kanoria, Chairman and Managing Director, Srei Infrastructure Finance Ltd.

Mr Shailendra Bhandari, Managing Director, ING Vysya Bank, said that he did not think that banks will rush out to increase long-term deposit rates. “However, I expect short-term rates, especially CDs, to jump up,” he said.

According to him, most banks will also look at revising their lending rates before the end of the second quarter. Banks that offer teaser home loan rates might increase their rates now, he pointed out.

Mr H.S Upendra Kamath, Executive Director, Canara Bank, said that the bank will not look at an immediate revision of deposit rates because “there will be need for liquidity only if credit growth happens.”

He pointed out that credit growth for the first quarter of this fiscal was largely driven by 3G disbursements, and “subsequently credit growth has not been that brisk,” he said.

Besides, Government bonds to the tune of Rs 25,000-30,000 crore are “being readied” for the immediate future, and Government spending is also expected to happen. “So there will no pressure on liquidity,” said Mr Kamath.

Explaining that the prime target for the RBI seems to be controlling inflation, Ms Shubhalakshmi Panse, Executive Director, Vijaya Bank, said that with this move, the interest rate corridor has been reduced too.

“Last year, the difference between repo rate and reverse repo rate was 3 per cent, and it has now been brought down to 1.2 per cent. The RBI seems to be moving in a calibrated manner,” she added.

On hiking deposit rates, she said, “There will have to be a relook on deposit rates, which in turn will have an impact on interest rates. Probably, shorter-term deposit rates (up to 270 days to a year) may be reviewed. Based on liquidity, we will review deposit rates.”

On lending rates going up, she said the bank will take a call based on the cost of deposits.

“However, we will take a view only after seeing how other players are responding and also based on a good monsoon and agriculture,” she added.

Punjabi Movie: The Lion of Punjab

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Location: United States 94114

Type: Part-time

Experience: Associate

Industries: Financial service

Functions: Public Relations

Job Description:

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Skills

Company Overview:

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