America After Obama


Barack Obama has gone from the “one we’ve been waiting for” to the one we can’t wait to kick out. No one ever thought one man could bring the nation to its knees, but here he is living in the White House. And on our knees we have been praying for the day that he leaves.

The audacity of a president hell-bent on destroying our great nation has truly been a stunning spectacle to observe. No lie is too ridiculous to tell about anyone who opposes him. With a compliant media behind him, the smears this Demagogue-in-Chief promises to unleash on his opponent this fall could divide the county so badly that it becomes ungovernable.

The societal tensions Obama promised to ease have worsened by his politics of envy. The racial healing he promised has been made worse. Despite overwhelming opposition, he forced a health plan on the people that few want. He has trampled on the Constitution, and infringed on powers granted to Congress. He has bailed out auto companies, investment bankers and insurance companies. He has given Constitutional rights to terrorists.

Obama’s greatest transgression, however, has been the explosion of government spending to the point where we are enslaved to a mountain of debt that can never be repaid. He has given us $1.6-trillion deficits, and will have added more than $6 trillion to the debt by the end of his term. He has risen the percentage of GDP consumed by government to 25 percent. And all his spending has stimulated nothing.

If you believe what the government reports, total unemployment is currently 15.2 percent as measured by U-6. During Obama’s tenure, true unemployment has been running greater than 20 percent and is near Depression Era levels. In sum, Obama’s presidency has hastened a financial disaster upon the nation.

Obama calls his policies “transformation.” In an earlier age, they would have been considered something akin to treason. Our enemies could not have planted someone to have caused more damage. And now, with financial collapse on the horizon, our very way of life is threatened.

Altogether, Barack Obama will probably go down in history as the worst president of all time. Until now, historians have long given that dubious distinction to James Buchanan, who left office to Abraham Lincoln as the nation was falling apart and headed toward civil war. It is no exaggeration to say the 2012 election is every bit as important as was the 1860 election. James Buchanan at least had good intentions. The same cannot be said for Barack Obama. His intent is not to build up, but only to tear the nation down, and then to cover his tracks. There is no other way to explain his actions.

Millions of Americans, however, have finally had enough. A counterrevolution is rising to a level rarely seen in our history. There hasn’t been this intensity of grassroots activity since the abolitionist movement of the 1850s. People are making themselves visible in the community. They are organizing rallies and call-in campaigns. They are studying the Constitution, and will not be silenced by charges of racism or any other falsehood uttered by the Left.

And when the new president is sworn in, collective relief will be felt across the land. But the long and hard road to recovery will have only begun. WhetherAmericaavoids financial collapse will be uncertain for years to come.

For a government that borrows 36 cents of every dollar it spends, the math is simple. We will need real cuts to the federal budget near 36 percent to survive. Factor in modest economic growth and perhaps the cuts could be 30 percent. But failure to make real cuts on this scale risks runaway inflation and disaster. Any way you look at it, people’s pain will be deep, and it will be real.

With Obama gone and the threat of reprisals removed, people will begin to talk, and eventually the truth about Obama’s mysterious past will come out. What was hidden, scrubbed, and not vetted in 2008 — including his grades, his college records, his passport, his personal associations, and yes, even his birth — will all be exposed. It is all just a matter of time. The duplicity and deceit to be uncovered will shock even his most ardent supporters.

Who knows? A pariah status could very well attach itself to Obama on a level reserved for few individuals in American history. Obama could be regarded as the Benedict Arnold of our time. The masses may come to shun him, and rightly so. If there is poetic justice in this world, this will be his legacy.

November is not just another election; it is a seminal moment in American history. If Obama is reelected, expect ObamaCare to stay, the debt to crush us, our defenses to be laid bare,Iranto get the bomb, and at least two liberals to be named to the Supreme Court. If Obama is reelected,Americaas we know it will be gone forever. Collapse will be certain.

For true hope and true change, perhaps we should try returning to a limited Constitutional government. We all need to be involved. Whether or not we can turn around the disaster Barack Obama has foisted upon us hinges first on removing him from office. Now is the time to go about the work of doing just that. This is the year, folks. Buckle up. It’s going to be a rough ride.

 


Did Hedge Funds Throw the 2008 Election?


Hedge fund traders had a great year in 2008. That year, hedge fund short sellers were instrumental in the spike in fuel prices, the bankruptcy of Lehman Brothers, the banking crisis, and the stock market collapse. While extremely wealthy hedge fund traders engineered each of these calamities, and made billions of more dollars short selling each one, the American people collectively lost trillions of dollars in the value of their homes and savings.

And, as amazing as it is, no one went to jail. Why? Well, perhaps it is because in 2007 the perpetrators had some laws changed to their liking. And perhaps it is because these people are politically connected to the Obama Administration and Congressional liberals. Our government is protecting them, and there needs to be a public investigation into this matter.

The hedge fund short sellers who were at the root of the mayhem are found primarily at the Managed Funds Association (MFA), the so-called “voice of global alternative investment community.” MFA members include George Soros, John Paulson, Jim Chanos, James Harris Simons, and others.

When Democrats took control of Congress in January 2007, MFA lobbyists soon began pressuring Securities and Exchange Commission Chairman Christopher Cox to remove safeguard regulations that provided the conditions for stable markets. Such regulations had been in place since 1938. Cox eventually yielded to their requests to repeal the uptick rule, circuit breakers, and trading curbs. The Federal Accounting Standards Board also instituted mark-to-market accounting. Short ETFs (Exchange Traded Funds) were introduced that year as well. Collectively, these changes fomented the resulting financial disaster.

The next year was a tumultuous one for investors. Early in 2008, the stock market was trending lower as news of the subprime mortgage crisis began to unfold. In July, oil prices spiked to $147 per barrel sending ripples through the economy. One of those ripples was to hit Lehman Brothers. The double whammy of subprime mortgages and soaring oil prices put them under.

On Monday, Sept 15, Lehman filed for Chapter 11 bankruptcy while other lending institutions lined up like dominoes teetering on the edge of bankruptcy. On Thursday of that week, a $550 billion electronic run on banks occurred within an hour or two, going mostly to offshore accounts. Instantly, there became a liquidity crisis within the banking industry. In an unprecedented move, the Treasury and the Federal Reserve had to act together to stop what had become a full-fledged panic. No one has ever investigated who withdrew the money or to where it went.

Up to that week, John McCain was ahead of Barack Obama in some polls by about 3 percent. By Oct. 10, the S&P 500 Index had lost 25 percent of its value from what it had been a month before and the McCain campaign was doomed. Hedge fund short sellers effectively handed the election to Barack Obama.

Declining markets occur all the time. Hypothetically speaking, it would be an outrage to the American people if someone were to induce a market panic in the midst of a presidential campaign. Could this be what happened in 2008? We may never know. The evidence is admittedly lacking, and is at best circumstantial. This could possibly be the perfect crime of all time. The question we need to ask ourselves now is whether we are exposed for this to happen in 2012?

Among MFA members, George Soros is the most well known. He has made his fortune by short selling and then pouring his private wealth into shadow organizations to subvert various nations. Hastening a market meltdown to give the election to Barack Obama would fit with his pattern of profiting while destroying the social order of his target country. His financing of the Democrat Party and hundreds of 527 organizations collectively has become a “Shadow Party” unto themselves. While profit and control motivate most hedge fund executives, Soros also has an ulterior motive to hasten a New World Order.

Another Soros associate is John Paulson. Paulson has contributed financially to both major political parties. He too has made billions by shorting collateralized mortgage debt securities, and then waiting for the financial institutions to collapse a few months later.

In his book, Wizards of Wall Street, Jubi Diamond detailed how the hedge fund short sellers operate in private. According to Diamond, the hedge fund short sellers are predators who feast on companies and economic sectors that can be pummeled “by market manipulations through collusion and unrestricted short selling.” Hedge fund traders, Diamond notes, can drive prices down and then drive them back up, all within a 15-minute period. Unlike mutual funds, this is an unregulated industry with many traders located offshore, outside the jurisdiction of the United States.

In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law, which did little about regulating the hedge fund short sellers.

Diamond explains:

“The only financial reform needed today is to regulate and monitor the hedge funds and the hedge fund short sellers, some of them which are registered off-shore to avoid scrutiny. These global operators, with investors who remain mostly anonymous, must be compelled to register with the Securities and Exchange Commission (SEC), publicly disclose their positions in the markets, and maintain accounting and trading records for a period of 10 years so their activities can be monitored and scrutinized. Just like mutual funds, they must be prohibited from engaging in day trading activities.”

Much of the financial damage happened because of the mark-to-market rule, and because there was no uptick rule, no circuit breakers, and no trading curbs. They changed these regulations in 2007, meaning that the risk of investing has been borne by common investors “as the hedge fund short sellers operate with impunity looting the invested capital of American families.”

On March 9, 2009, the mark-to-market accounting rule was reversed, and (perhaps not so coincidentally) the S&P 500 Index happened to hit a low that same day, and more than doubled over the next two years.

The MFA’s short selling in 2008 was mostly legal because few laws were in place to stop them. And in the high-speed world of electronic trading, little evidence exists to convict them. The ways of hedge fund traders will not change until there is a public investigation, and we return regulations at least to what they were in 2006.

Perhaps we should consider the recent market volatility as the start of the 2012 campaign. Expect a wild ride as we count down to the election.