President Obama Has Been Swarmed By The Huge Financial Beehives

I heard a story from a gas company technician about a massive hive of bees that swarmed him. He was standing still when he saw a queen bee leave what he assumed was a meadow hive leading a giant swarm of bees numbering in the thousands. He said it was a huge black cloud of bees that weaved all around as it approached him. The giant swarm came toward him, encircled him, and then, led by the queen, took off into the distance.

This is what has been happening to the average person in the United States. Since Reagan, the financial beehives have been building their worker bee populations in order to go out upon the planet seeking grains of pollen. The pollen consists of the people’s financial wealth.

We have seen a Goldman Sachs beehive, as well as a CITI hive, a BoA hive, and the list goes on. Instead of just a localized, unassuming tree hanging hive, they built fortress hives. The chair queens not only had worker bees, but operative bees that trained the busy little worker drones in the process of finding grains of pollen from the most barren and questionable sources, as well as from the common and plentiful sources.

The worker bees were shown that pollen could be discovered in the open market fields where there could be found a plethora of blooming wealth of flowering capital sources ready for the picking. And, there was nothing to stand in their way.

The worker bees also found usable flowering capital under many rocks and stones, of which they overturned to pluck for the taking.

The chair queens created a syndicate. They would meet together in secret plotting and developing ways to take the pollen grains and brew securitized and “derivativized” nectar formulas to feed all the worker bees motivating them to gather up more and more pollen grains. They were even encouraged to keep a portion of the nectar brew to sell or use for themselves.

The leader of all the land, which had been picked by the leading chair queens, began getting supplied with all the nectar he could get away with. This would ensure the control by the chair queens over the pollen gathering processes. This man was President Obama. The leading and most powerful chair queen was one who ran the Goldman Sachs hive. This chair queen told President Obama that he would be bringing key GS hive operators into his command and control center. The list of key operator bees was numerous. They were instrumental in training operators that swarmed the congress of the land, as well as many other agencies, facilities, and companies.

The goal of all these operators was to make sure that even the pollen stored inside the Treasury of Pollen would end up in the various hives, but mostly in the deep storage module vaults of the GS hive, AIG hive and the CITI hive.

The danger that occurred was that President Obama had placed in charge of the people’s Treasury of Pollen a key GS hive operator. This operator, a high level worker bee, had a fellow pollen-syndicate operator in charge of the Federal Reserve of Pollen Grains. He devised a technique that took a grain of pollen and repeatedly split it into numerous grains diluting the original value of that grain but which still could be made into nectar, although watered down in many respects. Therefore, it no longer had the same potency and “nutritional value” when used requiring more to supply the typical daily requirements of nectar.

The people, who worked hard to plant the seeds, toiled the land using their bodies and minds to cultivate the plants and crops that provided the blossoms and flowers, and ultimately, the seeds that produced the pollen, which the worker bees took at will. There were no rules or regulations set upon the worker bees because if the people’s representatives did not play the game the way the chair queens wanted it played, then they would be attacked by the swarm with repeated stings removing them as an adversary to their greed-based objectives.

After decades of the people laboring over their fields of flowering plants and crops, the worker bees took so much pollen so quickly that the plants could not pollinate each other because the pollen was not being used to propagate the land with new and improved crops and plants, but to steal the pollen to produce nectar inside the hives. In other words, the chair queens and operators wanted all the pollen grains for themselves.

This resulted in fewer crops and plants to find pollen grains. The hives had to lay-off worker bees, and the field hands no longer were able to grow as many crops and plants for the purpose of producing seeds for the following planting season. The overall economy of the land fell into collapse. In the past, the people had lots of fruits, flowers, beans, nuts, seeds, and grains to keep the economy thriving. It thrived too much and the nectar brew began to overheat. The process of splitting the pollen grains to produce the diluted “nectarized” securities and derivative formulas ended up causing a great fire from an unregulated fermentation process destroying all that had been stored and saved.

The frightened chair queens ended up going to the Federal Reserve of Pollen Grains and President Obama’s key chair queen operative inside the Treasury of Pollen demanding they turn over all their stored grains to them, otherwise the hives will self-destruct and disappear leaving only the small beehives hanging throughout the fields, valleys, mountains and villages. The chair queens painted a bleak and grim future if they were not in control of the pollen grains.

The disappearance of the giant hives would have been good in the long run because the local people would have a more sustainable relationship with the bees, the crops and plants. The chair queens were afraid of this occurring removing them from the wealth-gathering process of stealing pollen grains from the people.

The sustainable scenario did not happen. The chair queens won out because President Obama favored them over the needs and survival of the people. What would be needed is for President Obama to authorize his command center to go out and use a potent and effective, as well as long lasting, bug defogger on all the massive hives that had caused the collapse in the first place!

The sequel has yet to be made. Stay tuned.

thanks for reading, jerry

Timmy Geithner Continues to Rip-Off the Taxpayers

SPECTRE of Deflation, a loyal reader and insightful commentator on this blogspot, offered this news SNIP:

Banks buying back TARP warrants at a discount, panel says
Published on 07-10-2009


WASHINGTON - A panel that oversees the $700 billion bank bailout package said Friday that financial institutions buying out warrants they gave the government in exchange for capital injections are now buying back those stakes at well below their fair value.

The Congressional Oversight Panel, which is charged with overseeing the Troubled Asset Relief Program, or TARP, said in a report that a group of 11 small banks that have repurchased government warrants in exchange for taxpayer-funded assistance, have bought-out the stakes at 66% of their face value.

The oversight panel, which employed three Harvard University valuation experts to conduct the analysis, said taxpayers would have received $10 million more had the warrants been sold back to the banks at their face value.

The report argues that liquidity discounts are a key factor for why the warrants were purchased at such low prices. Should a similar discount be a major factor for warrant repurchases at larger institutions buying out government stakes, the shortfall to taxpayers could be as much as $2.7 billion, the report said.

A group of 32 financial firms, including 10 large financial institutions, paid $70.2 billion to buy out preferred shares Treasury received when they received financial assistance. These buyouts have made the firms eligible to buy back the warrants the government received along with the preferred shares.

Banks that received financial assistance as part of TARP were required to give the government warrants for the future purchase of some of their common shares. Warrants are the right to buy common shares of a company at a set price at some point in the future.

The report said, however, that the Treasury may have other goals with the repurchases that supersede maximizing taxpayer returns.

"Treasury has said that it wants to allow banks to operate again without TARP assistance as soon as they are strong enough to do so," it said.

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My comment back to SPECTRE was as follows:

"The report said, however, that the Treasury may have other goals with the repurchases that supersede maximizing taxpayer returns.

"Treasury has said that it wants to allow banks to operate again without TARP assistance as soon as they are strong enough to do so," it said."

I guess the goal is to rip-off the taxpayers in order to favor those who brought down the economy in the first place.

This is my view---the consumer definitely must take some of the blame for their current fate, but the fact remains that they were told from the President Bush on down that spending and borrowing was good for the country. That low interest rates, high returns on equities, and that speculation was the way wealth was to be created, and productivity and an increase in GDP, as well as foreign investment was healthy for the nation.

Bush said after 9-11 for America to go shopping! "Leave your troubles in an old kit bag and smile, smile, smile."

This is what many, many Americans believed. They are not economists. They saw that when the Tech Bubble broke, it took down the value of equities,but the recovery only took a couple years to show progress again. They think the same way today! They don't realize that these lost jobs are gone forever.

Currently, the consumer is being punished, so to speak, by seeing that the financial syndicate con artists, such as Geithner, are continuing to offer special deals and arrangements to those banksta thieves.

Spectre, I am assuming you feel the same, how disheartening it is that there are no real leaders, other than Ron Paul and a few others who don't really march into the public eye screaming how we should not take this anymore.

Michael Jackson, upon his death, gets a massive vocal and public audience. I guess upon the death of America it will be then when the loud voices of protest and anger begin to get loudly heard.

I felt this news flash was important enough to post. Thanks, jerry

A BRIC Thrown To President Obama

President Obama had a dream, but when he woke up he found a BRIC had been thrown through the White House window! (See the past opinion piece posting.)

The People’s Republic of China is ramping up the rhetoric. It is calling out the dangers of the world’s reliance on a “single sovereign-sovereign currency”. The danger lies in the “concentration of risk and the spread of the crisis”. Now, if this does not sound like “Reaganistic” Cold War Battle Cries, I don’t know what does!

Instead of the “menace” being the “Red Menace”, ie. Communism, it has become the United States via the dollar. (Read “Wary of Dollar, China Wants Super-Sovereign Currency”, Informationclearinghouse.net; Xin and Buckley, 6-26-09.)

The People’s Bank of China is inferring the U.S. dollar is becoming not only an international concern, and a risky global currency, but also the Boogieman’s currency for all to watch under a global microscope by the planet’s new CSI (‘Currency Scrutinizing Investigators’) forensic headquarters—The International Monetary Fund (IMF).

There is new pressure on the IMF, as they become the organizational body, to perform Timmy Geitheresque Currency Stress Testing on the dollar, as well as other currencies being considered for reserve currency status.

They might ask such questions as, will the dollar hold up under increased financial loads, such as further bankruptcies, to include credit card and commercial loans, further un-underemployment pressures, higher federal indebtedness, expansion of poverty figures, additional military expenditures and entanglements, decreasing private investments, increased personal savings (currently, it reached 6.9% of disposable personal income, and will likely reach 10% in the future), and more.

The sited authors stated “In an essay last March, [China’s central bank’s governor,] Zhou [Xiaochuan] caused a stir by suggesting that the Special Drawing Rights, the IMF’s unit of account, could eventually displace the dollar as the principal reserve currency.” OUCH!

It appears that China’s central bank’s governor, the equivalent of Federal Reserve bank governor Ben Bernanke, has pushed aside the Federal Reserve’s head honcho, and others, as he grabbles his way to the top of the heap in order to claim King of the Hill banker status. The blustery talk of Mr. “X” puts fear into the Dow Jones and forces the U.S. executive branch to go on the defensive. Bernanke ends up looking weaker and weaker on the domestic front, as well as the incompetent head of ‘Banksta Incorporated’ who has placed the U.S. economy into its dangerous tailspin causing a national security disaster.

Mr. “X”, China’s “Dragon Master”, appears to have come out showing he might be able to reduce Beanie Benny Bernanke into a naked pile of carved up flesh shavings. 

China’s Mr. “X” wrote an essay in March referencing a PBOC 670 page report recommending the use of the IMF’s SDR (Special Drawing Rights) currency as the principal reserve currency. The report Mr. “X” referenced said, “ to avoid intrinsic shortcomings in using a sovereign currency as a reserve currency, we need to create an international reserve currency that is divorced from sovereign states and can maintain a stable value over the long term”, as sited in the Xin and Buckley article. Again, these two authors bring more forward.

It seems that China has taken a lesson from the Little Boy Bush Presidential Playbook. In the chapter named Mind Control, and under the subchapter---Make Them Afraid, the Chinese government has raised the “Red Flag” that the “U.S. fiscal and monetary stimulus will generate inflation and drive down the dollar, handing Beijing big losses on its vast portfolio of U.S. bonds”, as was reported by Chinese officials.

The PBOC report, as sited by the mentioned authors, laid claim that much blame can be placed at the feet of poor regulation and supervision. “[There has been] inadequate [attention] paid to the risks.”

Once again, Mr. “X” slaps at “Bada Bing” Bernanke and Timmy “the Titanic” Geithner’s hands, as well as the others culpable as governmental incompetents who are using government positions to serve their financial crime syndicate masters, and accomplices in the theft of America’s wealth for the purpose of derivative gambling via the securities crap tables in order to make the top 10% extremely rich at the expense of everyone else, while bringing the nation to a Code Red National Security Risk level. Where is Tommy “the Tank” Ridge when you need him to dispense the duct tape and sheet plastic.

Team Obama is hoping none of these changes will happen very quickly, but if the U.S. economy continues to erode, falter, and sputter as seen with June’s unemployment figures, there is much for concern. Team Obama thinks it has time on its side because there maybe trouble brewing inside China’s Emerald City. Experts are saying that China maybe creating its own economic/financial bubble, the likes we saw break in 2007.

China is buying up huge amounts of commodities inflating the prices. This is a worry. Chinese lenders are handing out cheap yuan to commodity speculators, while those in the “real” economy are having a hard time getting access to cash.

Team Obama might be waiting to see if such a meltdown occurs inside China, which might defuse the alterations to the dollar as the reserve currency.

China has spent $4T yuan on its stimulus. Bank lending for the purpose of issuing credit has reached $6T yuan since December. “Much of this lending has not been used to support tangible projects but, instead, has been channeled into asset markets”, written by Mr. Andy Xie in his piece titled “Fear the Dark Side of China’s Lending Surge” (found on Bomlat.blogspot.com). Mr. Xie wrote further “The current surge in commodity prices, for example, is being fueled by China’s demand for speculative inventory. Damage to the domestic economy is already significant. If lending doesn’t cool soon, this speculative force will transfer even more Chinese cash overseas and trigger long-term stagflation.”

I believe we have seen this all before. Is China close to what we have already been experiencing with our economy? The flight of cash and investment, as well as the financial economy taking favor over the real economy is all too familiar to the U.S.

The People’s Bank of China’s vice-governor, Su Ning estimated more that $6T yuan of credit lines would be given to investors for the first half of the year. The economy expanded by 6.1% in the first three months, and is expected to grow by 7.0% from April to June.

China has seen significant outflows of capital exiting safe investments, such as money market funds into riskier credit and equity funds, such as emerging market funds.

Found on Bomlat.blogspot.com, Mr. John Lee was sited in his piece “Gloss Cannot Hide Rot in China’s Growth Story”, “Most Western commentators focus on the spectacular success of China’s export sector and the emergence of China as the world’s factory. But the greater contributor to Chinese growth is actually domestically funded fixed investment, which constituted over 50 percent of gross domestic product last year and more than 40 percent of that year’s growth.” “[B]ank loans drawn from citizen deposits funneled into state-controlled banks—constitute around 80 percent of all investment activity in the country.”

WOW!!! Does this sound familiar?

“Despite impressive GDP growth, about 400 million Chinese people have seen their net incomes stagnant or decline over the past decade. The income of the poorest 10% has been declining by 2.4% every year since the beginning of the century.”

Bloomberg News wrote this on 6-25-09: “hidden debt in China’s corporate sector is higher than revealed by official bank-loan data, since 44 percent of corporate capital expenditures in 2008 was financed by money whose source is literally unknowable.” This was the case with U.S. mortgage-backed securities and credit default swaps. The origin of those bonds was literally unknowable, too.

If this actually happens, and the U.S. economy picks up, then Team Obama will look good. But, if China is able to maintain a positive GDP, and avoid an economic meltdown by building its nation from within--domestically, then Team Obama will likely be permanently damaged for the rest of their one-trick pony show presidential term.

How can the United States have a ‘jobless recovery’, which is what the flap jawin’ media is hacking about? The stimulus package will save many government jobs, such as those employed by colleges, universities, junior colleges, and those inside government offices, but where will that lead? From where will the nation’s productivity evolve? How will it increase exports, reduce foreign oil, improve the consumer markets, such as the sales of the New GM? Is Team Obama seeing the purchase of a New GM automobile the end goal? 

What is now being written is that through increased personal saving, the consumer spending frenzy, which was extraordinary, will return to what will be seen as more normal. Yet, what will be normal will require a significant shrinkage in the consumer marketplace, such as fewer retail jobs and the entire supply chain that gets product on the shelf. There will be shrinkage in commercial real estate, and manufacturing, as well.

It sure appears that the shrinkage is not over. I suspect there is much more to come. Now, who will blink first: China or the United States? Will BRIC succeed or fail?

Henry Kissinger said that Obama is playing a game of chess. Those who will continue to suffer are those in the middle and lower classes as their pieces get knocked off the board. Yet, it is clear that the biggest financial banking syndicate: Goldman Sachs and CITI will be standing right behind President Obama pointing out the moves.

Thanks for reading, jerry

NPR's Fresh Air interview of Christopher Dickey on the Iranian Crisis

Once again, Ms. Terri Gross, the host of the Npr.org radio program, Fresh Air, has interviewed journalist Mr. Christopher Dickey, who spoke about the crisis in Iran and the a look into the future! This is extremely interesting.  Listen now.

The Iranian Crisis Discussed By Karim Sadjadpour on Fresh Air

This is a must listen to program!!! Mr. Karim Sadjadpour, a political analyst discusses the current political crisis in Iran with Ms. Terri Gross, host of the NPR radio program called Fresh Air. This discussion is excellent!!! He discusses the challenge President Obama will faced with if President Mahmoud Ahmadinejad is declared the official winner of their current election.