Quotes from the Great Depression

September 1929
“There is no cause to worry. The high tide of prosperity will continue.” — Andrew W. Mellon, Secretary of the Treasury.

October 14, 1929
“Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board.” — New York Times

December 5, 1929
“The Government’s business is in sound condition.” — Andrew W. Mellon, Secretary of the Treasury

Read moreQuotes from the Great Depression

Ford Posts Loss of $8.7 Billion on Asset Woes

DETROIT – The Ford Motor Company, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday that it lost $8.7 billion in the quarter, its worst ever, and would overhaul its North American plants to focus on small cars.

The loss, equal to $3.88 a share, was mostly the result of $8 billion in write-downs because of falling demand for and resale values of gas-thirsty pickups and sport utility vehicles in the United States. Ford took charges of $5.3 billion charge related to lower asset values in North America and $2.1 billion on the lease portfolio at its financing arm, the Ford Motor Credit Company.

The news sent Ford shares tumbling nearly 10 percent in morning trading.

Excluding the write-downs and other charges, the company lost $1 billion from continuing operations, down from a profit of $483 million a year ago. It lost $1.3 billion in North America, where $4-a-gallon gasoline has caused consumers to clamor for more fuel-efficient vehicles.

Read moreFord Posts Loss of $8.7 Billion on Asset Woes

Housing bailout bill – another $800 billion gift from the taxpayer to Wall Street

This bill will probably pass in Senate tomorrow. You, your children and generations to come will pay for this. All taxes will be spent servicing this debt.

Cost of 5 years of Iraq war: $560 billion
Cost of this bill: $800 billion

It will be spent bailing out the same fraudsters who got us into this mess. Call your senator now and demand they vote against this! If you don’t, it will probably pass. If you care for your country and your children’s future, vote this video up.


Video: Current.com

Ron Paul on the Housing Bill 7/23/08

“The Mother of All Bailouts”


Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt.

Also, slipped into the bill, was the stipulation that ALL credit card transactions must now be reported to the IRS.


Added: July 23, 2008

Source: YouTube

Governor plans to slash state workers’ pay to the federal minimum

Gov. Arnold Schwarzenegger plans next week to slash the pay of more than 200,000 state workers to the federal minimum of $6.55 per hour to help ease the state’s budget crisis, according to a draft executive order obtained by The Chronicle on Wednesday.

The governor also will order an end to overtime pay for all but critical services, a freeze on state hiring and the immediate layoff of nearly 22,000 temporary, seasonal and student workers.

“As a result of the late state budget, there is a real and substantial risk that the state will have insufficient cash to pay for state expenditures,” the executive order states.

Read moreGovernor plans to slash state workers’ pay to the federal minimum

Exposing Bush’s historic abuse of power

Salon has uncovered new evidence of post-9/11 spying on Americans. Obtained documents point to a potential investigation of the White House that could rival Watergate.

Excerpts (Full article follows):

“According to several former U.S. government officials with extensive knowledge of intelligence operations, Main Core in its current incarnation apparently contains a vast amount of personal data on Americans, including NSA intercepts of bank and credit card transactions and the results of surveillance efforts by the FBI, the CIA and other agencies. One former intelligence official described Main Core as “an emergency internal security database system” designed for use by the military in the event of a national catastrophe, a suspension of the Constitution or the imposition of martial law. Its name, he says, is derived from the fact that it contains “copies of the ‘main core’ or essence of each item of intelligence information on Americans produced by the FBI and the other agencies of the U.S. intelligence community.”

“An article in Radar magazine in May, citing three unnamed former government officials, reported that “8 million Americans are now listed in Main Core as potentially suspect” and, in the event of a national emergency, “could be subject to everything from heightened surveillance and tracking to direct questioning and even detention.”

Related information:

The Last Roundup: MAIN CORE

Homeland Security: Operation Endgame
Why do you think they have called it “Operation Endgame”? That makes no sense if you just want to get rid of some illegal immigrants. The Nazis had the term Endsieg (Sieg = Victory). And here we have Operation Endgame with it’s concentration, ahhhmmm, detention camps. Probably just a coincidence.

Police State 2008 (Interview with Paul Craig Roberts )
Paul Craig Roberts, a Republican who worked in the Reagan administration: “Homeland that is a Nazi term.”
He is predicting a 9-11 type of attack before the 2008 elections. If that occurs, Bush can declare martial law and begin arresting those who disagree with his foreign policy (based on Executive Orders recently issued by the Bush Administration that grant the president these powers

G. W. Bush and Adolf Hitler signed a Directive 51
Adolf Hitler signed a Directive 51 (Source: Brittanica.com) and here is Bush’s NSPD 51 (Source: The White House).
National Security Presidential Directive 51 Source: YouTube
If President Bush will declare Martial Law, for the given reasons in NSPD 51, he will hold all power in his hands alone. He has to answer to no-one anymore. Presidential Directive 51 overrides everything.
So both directives were issued to give the Dictator in charge absolute power!

Jul. 23, 2008 | The last several years have brought a parade of dark revelations about the George W. Bush administration, from the manipulation of intelligence to torture to extrajudicial spying inside the United States. But there are growing indications that these known abuses of power may only be the tip of the iceberg. Now, in the twilight of the Bush presidency, a movement is stirring in Washington for a sweeping new inquiry into White House malfeasance that would be modeled after the famous Church Committee congressional investigation of the 1970s.

Read moreExposing Bush’s historic abuse of power

FDIC Faces Mortgage Mess After Running Failed Bank

Subprime Lender Made Problem Loans On Regulators’ Watch

Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to borrowers who couldn’t afford them.

[Loan Troubles]

It turns out that the U.S. government itself was one of the lenders giving out high-interest, subprime mortgages, some of them predatory, according to government documents filed in federal court.

The unusual situation, which is still bedeviling bank regulators, stems from the 2001 seizure by federal officials of Superior Bank FSB, then a national subprime lender based in Hinsdale, Ill. Rather than immediately shuttering or selling Superior, as it normally does with failed banks, the Federal Deposit Insurance Corp. continued to run the bank’s subprime-mortgage business for months as it looked for a buyer. With FDIC people supervising day-to-day operations, Superior funded more than 6,700 new subprime loans worth more than $550 million, according to federal mortgage data.

The FDIC then sold a big chunk of the loans to another bank. That loan pool was afflicted by the same problems for which regulators have faulted the industry: lending to unqualified borrowers, inflated appraisals and poor verification of borrowers’ incomes, according to a written report from a government-hired expert. The report said that many of the loans never should have been made in the first place.

Read moreFDIC Faces Mortgage Mess After Running Failed Bank

Apollo 14 astronaut claims aliens HAVE made contact – but it has been covered up for 60 years


Edgar Mitchell was the Lunar Module Pilot for Apollo 14

Aliens have contacted humans several times but governments have hidden the truth for 60 years, the sixth man to walk on the moon has claimed.

Apollo 14 astronaut Dr Edgar Mitchell, said he was aware of many UFO visits to Earth during his career with NASA but each one was covered up.

Dr Mitchell, 77, said during a radio interview that sources at the space agency who had had contact with aliens described the beings as ‘little people who look strange to us.’

He said supposedly real-life ET’s were similar to the traditional image of a small frame, large eyes and head.

Chillingly, he claimed our technology is ‘not nearly as sophisticated’ as theirs and “had they been hostile”, he warned ‘we would be been gone by now’.

Read moreApollo 14 astronaut claims aliens HAVE made contact – but it has been covered up for 60 years