Good day all ! Today I have even more things that make you go hmmmmmm! For instance; I was reading in Rolling Stone about a article that truly made me scratch my head in disbelief. I am sure all you good people have heard about the recent government bailouts of some of our great nations largest, and most dependant on for a sound economy, corporations such as General Motors, Chrysler, and many banks and other financial institutions . This has been a matter of public information, and was duly recorded in the budget.Most Americans know about this so called budget which even our grandchildren will be paying for. I came to find out that there is something called the "Shadow Budget" . This budget has traditionally been a sectret, and after the 2008 financial crash this Shadow budget is approxiamtly the same size of the regular budget. The "Fed" has sent money to such diverse places as ....to other banks also that you might not even guese , even in your wildest dreams. These banks in Mexico,Bahrain, and Bavaria. They also have sent "bailouts to a Japanese car companies. Excuse me but I thought OUR Government was to manage the budget to benefit our country.This Shadow budget also included loans to Citigroup and Morgan Stanly in excess of two TRILLONS of our hard earned dough to each of these companies.Plus billions more to a string of lesser known Millionairs & Billionairs with addresses in the Cayman Islands.
This debacle becomes even worse, for instance; the wife of John Mack, Christy, and one of her cohorts named Susan Karches. The Fed handed them loans of, at low intrest, of about a quarter of a billion dollars.They used these funds for investments like buying stuent loans and commercial mortgages. The loans were structured in such a way as they would keep 100% of any gains on the deals and the Fed ( read the American taxpayer) would eat 90% of any losses.If that isn't a classic heads I win, tails you lose scenario, I don't know what is,
Once the money stated flowing, our financial institutions tell the Fed that they are afraid to make any kind of loan unless the Fed guarenties them that their investment carries no risk.
Think about it , you borrow a ton of money from the fed, ( Read The taxpayers)They buy crap securities and stash then on the Feds books, Now if they make money, you keep the profits by buying them back from the fed and if they don't...... Then you leave them in the feds progams and you, the taxpayer, eats them.If that isn't enough to make you scratch your head , lets go back to Bahrain for a moment. The fed extended a $35 billion dollar loan to the banks of Bahrain at a interest rate of 1/4 of 1 % interest. Even more disturbing is one of the banks that belong to the central bank of Bahrain is the central bank of Libya which owns 59% the Bank of Bahrain.In fact the central bank of Bahrain has just recieved an special exemption from having it's assets frozen in accord with economic sanctions against Libya. Thats right folks Muammar Qaddafi recieved more than 70 loans from our Federal Reserve. HMMMMMM if you aint scratching yer head now you never will be.
Things That Tic Me Off
Saturday, April 23, 2011
Thursday, April 21, 2011
Things That Make You Go Hmmmm
Well friends, today is the beginning of a new blog for me.I was told by my lovely wife ( did you ever hear anyone say ("that troll of a woman" ) that "why don't you tell someone else your problems?" Well that has been coming from her a lot as of late so I thought it was time to start this blog anew.I know in all of your lives that certain little thing that,when it occurs you just gotta scratch your head and go hmmmm Well that is going to be the general theme of this blog. I hope that you all can identify with this and will be welcome to jot me a note and tell me your experiences also.
Today's "THING" is why are prices going up all over the free market and the portions you receive are even smaller? Do they expect us to not notice when we buy a three pound can of coffee it is no longer three pounds? Or, when they write new and improved on a bottle of laundry soap that it really is new and improved or just had some of the water removed from the original formula and sold in smaller quantities at a higher price?Thereby,double dipping on the price increase.I am ,for one, sick of being abused at the grocers, the as pumps, and almost every place I go to get the necessitys of life. If you are also, gimmie some feed back. Thanks and hoping to hear from you.
Today's "THING" is why are prices going up all over the free market and the portions you receive are even smaller? Do they expect us to not notice when we buy a three pound can of coffee it is no longer three pounds? Or, when they write new and improved on a bottle of laundry soap that it really is new and improved or just had some of the water removed from the original formula and sold in smaller quantities at a higher price?Thereby,double dipping on the price increase.I am ,for one, sick of being abused at the grocers, the as pumps, and almost every place I go to get the necessitys of life. If you are also, gimmie some feed back. Thanks and hoping to hear from you.
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