Archive for August 8th, 2011

Mystery Investor Set to Make Billions on US Credit Rating Downgrade

By Jerry A. Kane

Last month, a mystery investor or hedge fund bet almost $1billion at 10/1 odds that the United States’ credit rating would fall, and by cracky it did. After Standard and Poor downgraded the country’s credit rating from AAA to AA+ last Friday, some “lucky” investor is now positioned to get 1,000 per cent return on his money, with the expectation that interest rates will rise following the downgrade.

So who made the billion dollar bet? Well, George Soros’ name has been bandied about as a possibility. After all he made more than $1billion on currency speculation during the United Kingdom currency crises in 1992.

He’s also tied at the hip to the Ruler and his Bread and Circuses administration and could have been privy to inside information before placing the billion dollar bet in the futures market.

It was just two years ago when Soros made a move to get dividends from his holdings in Petrobras only days before the Ruler announced $2 billion in loans and guarantees to finance the Brazilian company’s exploration of the Tupi oil field near Rio de Janeiro.

And just recently Soros stopped managing money for outside investors, which means he will receive less scrutiny from the Securities and Exchange Commission.

Although some other billionaire could have made the mystery bet, “the man who broke the Bank of England” is the odds-on favorite because he was better positioned to know that a downgrade was in the cards.

“The rich man is always sold to the institution which makes him rich. Absolutely speaking, the more money, the less virtue.”—Henry David Thoreau

For more on the story, see Who made a billion dollars on 10/1 bet that U.S. credit rating would be downgraded?

Obama loans 2 bill in a Soros, Petrobras, Brazil & offshore drilling double standard 2:42 Video


Read Full Post »

The charge against the Israelis has been that they are occupying Palestinian lands. But in truth, Arabs are occupying Israeli land. There has never been a country, ancient or otherwise, called Palestine with an Arab government, flag, and officially recognized borders.

“[I]n the history of the world, Palestine has never existed as a nation. The region known as Palestine was ruled alternately by Rome, by Islamic and Christian crusaders, by the Ottoman Empire and, briefly, by the British after World War I. The British agreed to restore at least part of the land to the Jewish people as their ancestral homeland. It was never ruled by Arabs as a separate nation.”

Palestinians do not have a distinct culture or national identity. In other words, the Palestinian people don’t really exist; they are a political fabrication used to unite Arabs in their struggle against the state of Israel.

The Palestinian people does [sic] not exist. The creation of a Palestinian state is only a means for continuing our struggle against the state of Israel for our Arab unity. In reality today there is no difference between Jordanians, Palestinians, Syrians and Lebanese. Only for political and tactical reasons do we speak today about the existence of a Palestinian people, since Arab national interests demand that we posit the existence of a distinct “Palestinian people” to oppose Zionism.

For tactical reasons, Jordan, which is a sovereign state with defined borders, cannot raise claims to Haifa and Jaffa, while as a Palestinian, I can undoubtedly demand Haifa, Jaffa, Beer-Sheva and Jerusalem. However, the moment we reclaim our right to all of Palestine, we will not wait even a minute to unite Palestine and Jordan.”—Zuheir Mohsen, leader of the pro-Syria faction of the Palestine Liberation Organization (PLO)

Check out the 3:40 video for an explanation of how the Palestinian people came to be.

(H-T Chuck on the Right Side)

I.M. Kane

For more, see Palestinian people do not exist and Are Palestinians the Indigenous People of Palestine?

Islam’s Greatest Invention3:40 Video

Read Full Post »

Largest Theft in History

By William E. Been

While watching the Debt Ceiling increase by $2.4 trillion just to cover spending until the next presidential election, the scam perpetrated on the American people could not have been any more obvious.

While the GOP House of Representatives negotiated with itself for weeks attempting to propose something that might save our great nation from financial disaster, neither the U.S. Senate nor the White House proposed anything.

Even worse, while listening to the rhetoric of Mr. Obama about the need for a bipartisan solution, the Majority Leader of the Democrat-controlled Senate announced that bills coming from the House were “dead on arrival.” In fact, nothing coming from the GOP House was even allowed to be debated by the totally partisan Senate leadership. This resulted in another crisis not to be wasted.

As the Administration-imposed deadline of August 2 approached, the Democrat rhetoric followed a familiar pattern as they attempted to frighten the American public with false accusations that grandma won’t get her medical care, seniors will lose their Social Security, sick children will be turned away, and that a major calamity will occur if no increase in the debt ceiling is approved by August 2.  

In attempting to understand how and why our government has become so blatantly irresponsible, I heard an interview with Orin Hatch on FOX News. Senator Hatch spoke of his past attempts at a Balanced Budget Amendment, specifically one in 1997 that failed to pass by a single vote. I could not help but wonder what that one vote would have meant to the current situation.

With the debt being $5.4 trillion in 1997 and heading for $15 trillion in 2011, it is clear that holding at the 1997 levels would have assured that no crisis would have occurred and that the spending being generated by the Obama Administration would have been dramatically reduced. As a result, it is important to understand who those senators were that accounted for the missing vote that would have facilitated financial soundness.

A familiar pattern was again evident. The vote was 66-34 with a super majority of 67 votes required to pass the Amendment. Upon review of the vote by senator, it was once more aggravating to see the partisan politics that has ruled this country since the early 1990s.

The “one vote” that killed the bill was cast by 34 Democrats who, as a block, killed the chance for financial sanity. Even more remarkable, every GOP senator voted for the bill along with eleven Democrats. Yet, the 34 Democrats blocked a bill that could have completely eliminated the debt ceiling crisis of 2011.

Sadly, eighteen of these 34 senators are still in the US Senate blocking all attempts to reduce spending and debt. This Group of Eighteen has destroyed the financial stability/strength of the greatest nation in history. Every American needs to know these senators who will be listed as the “Dirty Dozen plus 6” at the end of this document.  

Having documented the Democrat destruction of mortgage lending standards during the 1990s, this irresponsible destruction of a bipartisan Balanced Budget bill in 1997 coupled with the mortgage lending debacle should be an indictment of the entire Democrat Party. No theft of wealth at any level can even begin to approach what the Democrats and their Progressive Movement allies have committed against our great country.

The Democrats have literally destroyed our financial reputation, the reserve status of our dollar, and are continuing the reckless spending at the prodding of the current President who calls it “investment.” It is time to stop the Democrats, their Progressive masters, and their Socialist allies.


Dirty Dozen Plus 6

Akaka (D-HI)
Inouye (D-HI)
Mikulski (D-MD)
Bingaman (D-NM)
Kerry (D-MA)
Murray (D-WA) 
Boxer (D-CA)
Lautenberg (D-NJ)
Reed (D-RI)
Conrad (D-ND)
Leahy (D-VT)
Reid (D-NV)
Durbin (D-IL)
Levin (D-MI)
Rockefeller (D-WV)
Feinstein (D-CA)
Lieberman (D/I-CT)
Wyden (D-OR)

William E. Been is author of Masters of Audacity and Deceit.

Read Full Post »