THEY AUDITED THE FED - AND YOUR MONEY IS GONE!

KOR - So while you are busy with your holiday weekend, the government is hoping you are too busy watching football, drinking beer, swimming in a lake, boating, and cooking out to notice.

All those Ron Paul fans got their wish.
They Audited the Federal Reserve (The Fed) and the results were very bad.

The bill (H.R. 459), which has 270 co-sponsors, passed 327 to 98. All but one Republican -- Rep. Bob Turner of New York -- voted for it, along with 89 Democrats.

Here is a link to the passing of the Audit the Fed Bill:
http://www.huffingtonpost.com/2012/07/25/federal-reserve-audit-bill_n_1702879.html


Be careful what you ask for. You might not like the truth. You cant handle the truth.

Truth is this: The Fed has been recklessly loaning your money out to everyone in the world, BUT YOU.

The FED is loaning TRILLIONS of your money to banks, businesses, and countries.
Why? The banks have been using your personal accounts to play the stock market - and losing.
And those loans equal our national debt.  

This new bill takes a deeper look into a previous bill which audited the fed in which some deeply disturbing things were discovered you may never have heard of....

Paul teamed up with former Rep. Alan Grayson (D-Fla.) in 2010 to pass similar legislation that became part of the final Wall Street reform bill. But Paul has said new audit legislation is needed because the 2010 bill didn't go far enough. Specifically, he states on his website that the audit called for in the 2010 bill only focused on emergency credit programs and procedural issues, rather than on the substantive details of the lending transactions. The 2012 bill doesn't limit the focus of the audit.

Here is what the 2011 audit found out...

Senator Bernie Sanders, an Independent from Vermont posted on his web page a 255 page Government Accountability Office (GAO) report in PDF Format.

Here is that link: http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf 

On Mr. Sanders website he wrote an analysis of this report.

Here is a link to his website: http://www.sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

Mr. Sanders analysis of this Report is as follows:

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details...

"As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else." (Translation by KOR - We helped the banks - screw everyone else)
 
Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president," Sanders said.
The non-partisan, investigative arm of Congress also determined that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse.  In fact, according to the report, the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.

For example, the CEO of JP Morgan Chase served on the New York Fed's board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed.

Moreover, JP Morgan Chase served as one of the clearing banks for the Fed's emergency lending programs.

In another disturbing finding, the GAO said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given bailout funds. (KOR - Didn't know we bailed out GE, the largest government contractor in the world)

One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it might have created the appearance of a conflict of interest. (DUH)

To Sanders, the conclusion is simple. "No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed's board of directors or be employed by the Fed," he said.

The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.

The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo.  The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.

KOR - I initally found this information from this link - http://beforeitsnews.com/economy/2012/09/first-audit-in-the-federal-reserves-nearly-100-year-history-were-posted-today-the-results-are-startling-2449770.html

here is a quote from this article:

The list of institutions that received the most money from the Federal Reserve can be found on page 131of the GAO Audit and are as follows..

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. (KOR - WHERE CAN WE GET THAT KIND OF DEAL ASSHOLES!)Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious – the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.

KOR - $16 TRILLION! Wait.... that number sounds familiar?

We OWE $16 TRILLION IN DEBT!

WHAT.... A ..... CO....INCIDENCE!

So, you might be asking yourself....... SO??

Well, when you pair these two findings together....

You might realize, that every dollar we borrow IN DEBT....
we are turning around and LOANING to these Banks, Companies, and Countries!

Well, what does that mean?

WE DON'T HAVE ANY MONEY!

We are taking CHINAS money, and handing it out to these guys!
Not USA money...
Not Federal Reserve Money...
CHINA.

The people who we BORROW from will surely not be too happy to learn, that our entire financial system
is COMPLETELY being supported BY OUR CREDITORS.

THEY HAVE MORTGAGED AMERICA!

And, guess what?

IT GETS WORSE!!!

This means that OUR BANKS are having to be bailed out? WHY?

BECAUSE THEY LOST OUR MONEY!!!!

Did you know, that your money in the bank... IS NO LONGER YOURS!

The COURTS have RULED against you!

“there is a new 7th Circuit opinion saying that there is no reason to impose a constructive trust on a lender’s takings of customers’ funds from client commodity firms that were used (inappropriately) to secure the firms’ borrowings, as long as the lender can say that it did not know WITH CERTAINTY that customers’ funds were being repledged. Negligence and misappropriation (vs. knowing criminal intent) are now a sufficient excuse for letting the lender keep the money and go to the head of the line for distributions in bankruptcies of the client commodity firms.”

Here is an article explaining this: http://theintelhub.com/2012/08/24/customer-deposits-are-property-of-the-bank-close-your-account-now/  

So a bank, made a short term loan, and LOST IT'S ASS. They got sued.

THEY GOT OFF! 

In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds.
Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.”

These customer funds were used to “back up personal investments” which were part of “collateral for a loan from Bank of New York Mellon” (BNYM).

This loan derived from stolen customer monies was “used to purchase millions of dollars worth of high-risk, illiquid securities, including collateralized debt obligations, or CDOs, for a trading portfolio that benefited Sentinel’s officers, including Mosley, Bloom and certain Bloom family members.”

Fast forward to August 9th of 2012, and the 7th Circuit Court of Appeals (CCA) rules that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by SMG.
When a banking customer deposits their money into their bank account, the Federal Deposit Insurance Corporation (FDIC) and Securities Investor Protection Corporation (SPIC) are in place to protect the customer from fraud or theft.

The ruling from the CCA means that these regulatory systems will not insure customer funds, investments, depositors and retirees who hold accounts in banks.

In fact, the banking institution is now legally allowed to use those customer funds deposited as collateral, payment on debts for loans made, or free use on the stock market to purchase investments as the bank sees fit.


THEY ARE LEGALLY GAMBLING YOUR MONEY - USING YOUR BANK ACCOUNTS
AS COLLATERAL FOR RISKY STOCK MARKET INVESTMENTS!

They got away with it: http://www.reuters.com/article/2012/08/10/us-sentinel-appeals-decision-idUSBRE87900T20120810


When a customer deposits money into a bank, the bank essentially issues a promise to have those funds available when the customer returns to withdraw the deposited amount.

When the same customer withdraws funds from their account (whether checking or savings) the customer assumes that the bank has enough funds to cover their withdrawal; including the presumption that their monies are separate from the bank’s assets.

Now, those funds are up for grabs by the bank at their discretion without explanation to the customer – nor is the bank obligated to recoup the customer should they “lose” those funds due to bad loans, bankruptcy or stock market loss.

Customer funds are no longer secure, no longer backed by the FDIC or other insurance corporations, and banks are legally allowed to co-mingled customer money with other funds of the bank. The only safe place for your money is with you.

Now is the time to close your bank account.

INFORMATION LIKE THIS WILL DESTROY PEOPLES CONFIDENCE IN OUR ENTIRE BANKING SYSTEM! 

THEIR WILL BE RUNS ON THE BANKS IF THIS GETS OUT. 

BUY GOLD! THEY ARE!

http://www.cnbc.com/id/48773207 

And George Soros - Bought the GOLD COMPANIES!

http://www.bloomberg.com/news/2011-05-16/soros-sold-most-of-his-gold-etp-holding-during-first-quarter-filing-shows.html 

Billionaire investor George Soros sold most of his holdings in the bullion-backed SPDR Gold Trust and iShares Gold Trust (IAU) funds in the first quarter and bought shares of mining companies Goldcorp Inc. and Freeport-McMoRan Copper & Gold Inc. (FCX), a government filing shows.

TROUBLE IS BREWING...BE PREPARED

KOR REPORT 5-10-12

Finally all that groping of old women and children by the TSA has paid off! They finally found another underwear bomb! Oh and it was on a Arab Guy..... who'd a thunk it?

china was caught exporting herbal remedy pills containing ground up dead babies, who knew "other natural flavors" meant people?

Congratulations to obama! On the eve of osamas capture, you foiled another underware bomber! This evil conspirator was working from inside the CIA as an informant. It feels good to know the CIA is keeping tabs on its own employees, and making sure they dont try to kill us! This is a fine piece of investigative work! Finding a terroroist who works for you, who your paying to hang out with other terrorist.... how did you find him!

Obama finally creating jobs! Today Divorce Lawyers across america cheered Obama's support of Gay marriage. With this great new customer base they will surely need to hire more staff to handle the extra business!

CNN Reporter Brooke Baldwin announced Obama finished his evolution on gay marriage and rush limbaugh said it was like he turned into a butterfly! Which thankfully is the end of the metamorphic process before a worm dies.

the federal reserve approved china opening banks in the usa - now we can sell our childrens futures directly to china and skip the government middleman!

The un says we must give back mount rushmore and other lands promised to the indians by treaties with the us government. This sounds like a great idea, and I think we should start with the land the UN is sitting on!

when you visit the whitehouse, and your pregnant, you have to register your unborn child with the visitors office, unless your baby is unwanted, then you can simply write in the name Barry

but ... but wait... unborn babies... are not people.... so maybe we should pass a law requiring a visitor register at all abortion clinics?

masachusetts has banned bake sales, and california has banned  lemonade sales... did I mention the nazi's and socialist got elected again in europe?

STOP THE PENIS WAR!

My penis is costing me a thousand dollars a year to maintain. I want healthcare that will provide safe ejaculatory services at a reasonable cost. I should be able to freely use my penis without persecution. Stop this war on my penis!

There is no readily available affordable ejaculatory treatment for this normal bodily function. I have to face the embarrassment of walking into a drug store with an erection to buy magazines and Kleenex to deal with this hardship that I must keep locked away in secrecy in my bathroom.

Over the course of a 3 year college degree this may cost me over $15000 dollars!

If men could simply copulate in a safe manner without being treated as perverts then that would reduce healthcare costs from unwanted pregnancy, abortions, sexually transmitted disease, welfare .... just provide public masturbation service for all men.

Not to mention the incalculable savings from the reduction of male aggression. How many billion of dollars are being sucked out of our budget by testosterone rage driven wars? How many women are being treated for abuse from horney men who cannot recieve any of the help they need to treat this daily torture?

Society just spits in our faces like we are some sort of deviant. We did not choose this condition. We were born into it. Our sexuality is not a choice, it is genetic. We are born this way. And we should not be punished for seeking the medically necessary treatment we need from our bulging scrotum.

Yet they continue to hit us where it hurts. Our wallet. Excessive taxes on pornography, child support, anti-prostitution laws all forcing us to take our bodies, and our rights, and shove them into some back alley dark dirty glory hole, and be ashamed.

How dare the government stick their nose into our business.

It is time society open up to the plight of men all over the world and allow us the free and unrestricted access to this 100% effective form of birth control.

KOR REPORT 3-1-12

journalist andrew breitbart passed away last night. He recently said he had video of obamas college days that would be coming out soon. But unfortunatly mr breitbart was buried at sea this afternoon.

bernanke says were heading for a fiscal cliff, hopefully we can get a republican president elected again so we can get back in the ditch where its safe!

So a bald eagle is protected as an egg and is regarded as a precious animal and is protected from conception to death with fines and prison. Why again do we think abortion is ok?

Olympia Snowe announced she will be retiring after 18 years in congress. Her run as a senator has been amazing! Especially to scientists who were baffled her longevity. Who knew snowe could last 18 years in hell?

the military is building a soccer field at the prison at guantanimo bay, cuba, with a price tag of 750 thousand dollars. Games at the field will be as realistic as possible so the prisoners will feel right at home. As is tradition, the losing team will be executed by an angry mob.

Jessie jackson says its an HONOR to be the food stamp president. Because food stamps employ people. They also aparently cure cancer, neutralize nuclear radiation, cause rainbows, and are the force.

CRAZY LOUIE farrikahn says that racial hatred could lead to obama getting assassinated.... but no worry louie... one thing is keeping him safe...
two words.... PRESIDENT BIDEN

Democratic governers met with obama this week discussing ways to bypass congress and further their agenda. Unfortunatly it was from the 51st thru 57th states...

a dog was registered as a voter in new mexico... guess which party?

A MILLION REASONS NOT TO VOTE FOR NEWT GINGRICH

Something I found on glenn becks wall posted by a fan.... no link to source

Newt Gingrich's Entire Political History

05/04/1979 – He voted for a federal land grab that put tens of millions of acres of land in the hands of Washington bureaucrats.
09/20/1979 – He voted to raise the debt ceiling for the first time.
09/27/1979 – He voted to establish the Federal Department of Education.
06/04/1980 – He voted to raise the debt ceiling for the second time.
02/05/1981 – He voted to raise the debt ceiling for the third time.
06/28/1984 – He voted to raise the debt ceiling for the fourth time.
04/02/1987 – He cosponsored the 1987 Fairness Doctrine (anti 1st Amendment legislation)
02/22/1989 – He cosponsored the Global Warming Prevention Act of 1989.
10/22/1991 – He voted for an amendment that would create a National Police Corps.
03/–/1993 – He was “passionately in favor” of sending $1.6 Billion in foreign aid to Russia.
11/19/1993 – He voted for the NAFTA Implementation Act.
11/27/1994 – He supported the GATT Treaty giving sovereignty to the U.N.
12/25/1994 – He was quoted as saying that his wife was “not young enough or pretty enough to be the wife of the President. And besides, she has cancer.”
04/10/1995 – He supported Federal tax dollars being spent on abortions.
06/–/1995 – He wrote the foreword to a book about tearing down the U.S. Constitution and implementing a Fascist World Government.
08/27/1995 – He suggests that drug smuggling should carry a death sentence.
01/06/1996 – He himself conceived a secret CIA mission to topple the Iranian leadership.
04/18/1996 – He voted for Federal restrictions on laser sighting devices.
04/25/1996 – Voted for the single largest increase on Federal education spending ($3.5 Billion)
06/01/1996 – He helped a “Clinton Clone” Democrat switch parties in an attempt to defeat constitutionalist Ron Paul in the 1996 election.
09/16/1996 – He voted for the anti-gun Brady Campaign’s Lautenberg Gun Ban, which took away gun rights for people involved in certain misdemeanors.
09/25/1996 – Introduced H.R. 4170, demanded life-sentence or execution for someone bringing 2 ounces of marijuana across the border.
09/28/1996 – He voted for the “Gun Free School Zones Act” which resulted in schools being easier targets for shooters, and disarming law-abiding citizens.
–/–/1996 – He earned a “D” rating from the Gun Owners of America.
01/22/1997 – Congress gave him a record-setting $300,000 fine for ethical wrongdoing.
11/05/1998 – He resigned from his House seat three days after being elected to his 11th term.
10/13/2005 – He called for “universal but confidential” DNA testing of citizens.
09/07/2006 – He stated that Congress should declare WWIII, and wants a “dramatically larger budget” for war, new homeland security agencies, and attacks on Iran, Syria, North Korea, & Lebanon.
11/29/2006 – He said that free speech should be curtailed in order to fight terrorism. Wants to stop terrorists from using the internet. Called for a “serious debate about the 1st Amendment.”
11/29/2006 – He called for a “Geneva Convention for terrorists” so it would be clear who the Constitution need not apply to.
02/15/2007 – He supported Bush’s proposal for mandatory carbon caps.
04/04/2007 – He says that there should be a clear distinction about what weapons should be reserved for only for the military.
04/11/2007 – He had a public debate with John Kerry on global warming, in which Newt agreed with Kerry and his views on the environment, praised his book, and almost hugged him.
04/20/2007 – He praised NYC Mayor Michael Bloomberg; said that he “takes his hat off to the mayor for proving government can be effective.”
04/24/2007 – He praised the corporatist business-model of Freddie Mac, saying it would be effective for space travel to Mars.
04/24/2007 – He said about Government-Sponsored Enterprises (GSEs): “conservatives should embrace [them] and want to extend as widely as possible.”
05/20/2007 – He would bypass the court system by establishing a “military tribunal system to lock people up the way Abraham Lincoln would’ve done it.”
05/20/2007 – He would “establish a nationwide ID card with biometrics so you can actually track everybody in the country.”
04/17/2008 – Made a commercial with Nancy Pelosi on Climate Change.
04/28/2008 – He said that allow some terror to happen, to keep the people afraid.
04/28/2008 – He wants yet another new Federal agency to be “very aggressive” against “terrorists” and have “extraordinary abilities” that are not restricted by the constitution.
09/28/2008 – Says if he were in office, he would have reluctantly voted for the $700B TARP bailout.
10/01/2008 – Says in an article that TARP was a “workout, not a bailout.”
09/28/2008 – He says that McCain’s vote for TARP bailouts rivaled President Eisenhower’s pledge to send troops to Korea.
12/08/2008 – He was paid $300,000 by Freddie Mac to halt Congress from bringing necessary reform.
03/31/2009 – Says we should have Singapore-style drug tests for Americans.
10/16/2009 – He angered conservatives by endorsing super liberal Dede Scozzafava.
06/10/2010 – He’s cozy with VeriChip/PositiveID, a company that specializes in human-microchipping.
07/30/2010 – Says that Iraq was just step one in defeating the “Axis of Evil”.
08/03/2010 – Advocates attacks on Iran & North Korea.
08/16/2010 – Opposes property rights of the mosque owner in NYC.
08/16/2010 – Compares mosque supporters to Nazis
11/15/2010 – He defended Romneycare; blamed liberals
12/02/2010 – He advocates a pathway to citizenship for illegal aliens.
12/05/2010 – He said that a website owner should be considered an enemy combatant, hunted down and executed, for publishing leaked government memos.
01/30/2011 – He lobbied for ethanol subsidies.
01/30/2011 – He suggested that flex-fuel vehicles be mandated for Americans.
02/02/2011 – He says we are “losing the War on Terror”; the conflict will be as long as the Cold War
02/10/2011 – He wants to replace the EPA instead of abolishing it.
02/13/2011 – He criticized Obama for sending less U.S. tax dollars to Egypt.
02/15/2011 – His book said that he believes man-made climate-change and advocated creating “a new endowment for conservation and the environment.”
03/09/2011 – He blames his infidelity to multiple wives on his passion for the country.
03/15/2011 – Says that NAFTA worked because it created jobs in Mexico.
03/19/2011 – He has no regrets about supporting Medicare drug coverage. (Now $7.2T unfunded liability)
03/23/2011 – He completely flip-flopped on Libyan intervention in 16 days.
03/25/2011 – He plans to sign as many as 200 executive orders on his first day as president.
03/27/2011 – He says that America is under attack by atheist Islamists.
04/25/2011 – He’s a paid lobbyist for Federal ethanol subsidies.
05/11/2011 – His campaign video said that he wants to “find solutions together, and insist on imposing those solutions on those who do not want to change.”
05/12/2011 – He was more supportive of individual health-care mandates than Mitt Romney.
05/15/2011 – Said GOP’s plan to cut back Medicare was “too big a jump.”
05/15/2011 – He backed Obama’s individual mandate; “All of us have a responsibility to help pay for health care.”
05/16/2011 – He also endorsed individual mandates in 1993 when Clinton pushed Universal Health Care.
05/17/2011 – He has an outstanding debt to Tiffany’s Jewelry of between $250K – $500K.
06/09/2011 – His own campaign staff resigned en masse.
07/15/2011 – His poorly managed campaign is over $1 Million in debt.
08/01/2011 – He hired a company to create fake Twitter to appear as if he had a following.
08/11/2011 – His recent criticism of the United Nations is United Nations by a long, long history of supporting it.
09/27/2011 – He says that he “helped develop the model for Homeland Security”
10/07/2011 – He said he’d ignore the Supreme Court if need be.
11/12/2011 – He advocates assassinating Iranian scientists and covert war with Iran.
11/19/2011 – He said Barney Frank should be arrested for his close ties lobbying for Freddie Mac, just one month before it became public that Gingrich was also lobbying for them at the same time.
11/20/2011 – He has been outed as a paid lobbyist for drug companies, but he still denies it.
11/22/2011 – He supports the Patriot Act and would like to see it strengthened.
11/22/2011 – He says that matters of National Security should not be encumbered by giving Due Process to the accused.
11/28/2011 – He thinks its the job of the Federal Government to ban medical marijuana.
11/28/2011 – He is a Pharmaceutical lobbyist, and coincidentally thinks that non-Pharma drugs like medical marijuana should be banned by the Federal government.
11/28/2011 – He said he wants to be “aggressive” with Cuba topple their government before 2014.
11/28/2011 – He praised draconian drug penalties in Singapore for the second time.
12/01/2011 – His comments about warning Freddie Mac of its “insane” business model are proven false when his laudatory interview from 2007 surfaced again.

QUOTES
“The idea that a congressman would be tainted by accepting money from private industry or private sources is essentially a socialist argument.” – Newt Gingrich
“[O]ur government, at all levels, must be modernized to successfully partner, let alone compete, with the private sector.” — Newt Gingrich, A Contract with the Earth (p.196)
“The U.S. government operates endowments for the humanities and the arts…Perhaps, it is time we consider a new endowment for conservation and the environment.” — Newt Gingrich, A Contract with the Earth (pp. 115-116)
“We agree that there is plenty of evidence that global climate change is occurring…While humanity is certainly causing its fair share of the change, scientists are still not able to precisely pinpoint the extent of the change, or the margin of error in their estimates.” — Newt Gingrich, A Contract with the Earth (p. 200)
“In spite of the demonstrated liberal leanings in academia, we have nothing but respect for the nation’s scientists. They represent America’s best hope to protect the environment. We support a dramatic increase in science and technology research and development because we desperately need to understand global climate change and other environmental phenomena.” — Newt Gingrich, A Contract with the Earth (p. 201)
“If you import a commercial quantity of illegal drugs, it is because you have made the personal decision that you are prepared to get rich by destroying our children. I have made the decision that I love our children enough that we will kill you if you do this.” — Newt Gingrich (source)
“What we’re being told is that free trade with Mexico would devastate the U.S. economy. With its low wages, Mexico would unleash a flood of cheap imports into our markets. There would be a mass exodus of U.S. factory jobs, as hordes of American companies fled across the border…. All this is scare talk.” — Newt Gingrich, on the House floor 9/22/1993. (source)

Q: “Will you rally the troops for GATT and the World Trade Organization?”
A: “Yes. In the first place, the Administration has accepted amendments of Senator Dole and myself giving Congress dramatically more oversight of the WTO, including the right to bring up a vote on withdrawal every five years in perpetuity, so at any point that we think it is out of control or inappropriate, we can simply withdraw.” — Newt Gingrich, 11/11/1994 (source)
“The American challenge in leading the world is compounded by our Constitution. Under our [constitutional system] – either we’re going to have to rethink our Constitution, or we’re going to have to rethink our process of decision-making.” He went on to profess an oxymoronic belief in “very strong but limited federal government,” and pledged, “I am for the United Nations.” — Newt Gingrich, July 1995, speech at the Center for Strategic & International Affairs (source)
“I think we’re seeing around the world an emerging Third World War from North Korea to Pakistan to India to Afghanistan to Iraq and Iran to the increasing alliance between Venezuela and Iran to the British terrorists who are getting trained in Pakistan.” — Newt Gingrich, 2006, interview with Greta Van Sustren
On executing people for drug offenses: “The first time we execute 27 or 30 or 35 people at one time, and they go around Colombia and France and Thailand and Mexico, and they say, ‘Hi, would you like to carry some drugs into the U.S.?’ the price of carrying drugs will have gone up dramatically.” — Newt Gingrich, 1995 (NY Times)
“See, when I smoked pot it was illegal, but not immoral. Now, it is illegal AND immoral. The law didn’t change, only the morality… That’s why you get to go to jail and I don’t.” — Newt Gingrich, 8/8/1996, Wall Street Journal (source)
When asked if he would change or repeal the Patriot Act: “No, I would not change it. I’m not aware of any specific change it needs. And I’d look at strengthening it, because I think the dangers are literally that great.” — Newt Gingrich, 11/22/2011, CNN Debate (source)
“This is, by the way, one of the great tragedies of the Bush Administration. The more successful they’ve been at intercepting and stopping bad guys, the less proof there is that we’re in danger. And therefore the better they’ve done at making sure there isn’t an attack, the easier it is to say that there was never going to be an attack anyways. And its almost like they should, every once in a while, have allowed an attack to get through, just to remind us. Think about the psychology. Why do we wrap up so many people? Well, because we wiretapped. And again, I’m going to be a little controversial. I would divide the FBI into two agencies. I would have an anti-domestic-crime FBI which was very cautious, very respectful of civil liberties. You are innocent until proven guilty. And I would have a small but VERY aggressive anti-terrorism agency. And I would frankly give them EXTRAORDINARY ability to eavesdrop. And my first advice to civil libertarians is simple: Don’t plot with terrorists.” — Newt Gingrich, 4/29/2008 (source)
In March 1993, I got an assistance program I could support: $1.6 billion in direct aid to help Russia stabilize. Although a public poll said that 75% of the American people were opposed to giving Russia more money, and we were already in a hard fight for the economic plan, I felt we had no choice but to press ahead. American had spent trillions of dollars in defense to win the Cold War; we couldn’t risk reversal over less that $2 billion and a bad poll. To the surprise of my staff, the congressional leaders, including the Republicans, agreed with me. At a meeting I convened to push the plan, Senator Joe Biden, the chairman of the Foreign Relations Committee, strongly endorsed the aid package. Newt Gingrich was passionately in favor of helping Russia, saying it was a “great defining moment” for American and we had to do the right thing. — Bill Clinton, 2004 (My Life, p. 506-507).
“Professor Gingrich hopefully will never be called upon to teach a course in the proper role of our federal government. His rare votes against bloated big government usually have been prompted by the partisan wrangling of the moment, not by any great respect for, or understanding of, the Constitution.” –James Toft of “Tax Reform Immediately” (TRIM)

- Card-Carrying member of the Council on Foreign Relations (CFR), a globalist think tank
- “Distinguished member” of the Foundation for Defense of Democracies (neocon, pro-interventionism group)
- Member of Bohemian Grove
- Member of the World Future Society
- Described himself as a conservative in the Alexander Hamilton-Teddy Roosevelt tradition.
- Voted for NAFTA, a blatant circumvention of Congress’ exclusive power to regulate commerce with foreign nations. Took power from American people and put it into the hands of unelected Bi-national panels, made mostly of foreigners.
- Supported GATT
- Supported WTO
- Continually supported increased federal spending.
- Supported the National Endowment for the Arts;
- Voted for the creation of the Federal Dept. of Education in 1979 under Jimmy Carter.
- Big supporter of Foreign Aid — even to Soviets through the Export-Import Bank.
- In one year (1994-1995) Gingrich voted for nearly $45 billion in foreign aid.
- He helped push through Federally-funded loan guarantees to Communist China.
- He voted to raise the debt ceiling four times (one, two, three, and four).
- Urged the House to repeal the War Powers Act and give the Presidency more power.
- Urged Clinton to expand military presence in Bosnia.
- Supports Afghan War
- Supports Iraq War
- Calls for Iran War
- Supported Clinton’s welfare programs, education programs, labor programs, and environmental programs, as well as most of his foreign affairs programs.
- Supported spending $30B for the Violent Crime Control and Law Enforcement Act of 1994 that shackled gun owners with new restrictions, federalized a number of crimes, and handed the feds police powers that the Constitution reserves to the states.
- Voted to give billions of dollars to United Nations “peacekeeping” operations;
- Pushed for a School Prayer Amendment
- Mentored by Henry Kissinger
- Bailed out savings and loan institutions in 1991. $40B Bank bailout
- He was a draft-dodger during the Vietnam War, yet pushed aggressive foreign interventionism his entire political career, and did say that Vietnam was the “right battlefield at the right time.”
- He cheated on one of his wives while she was suffering from cancer, delivered divorce papers to her in the hospital.
- Worked on the Rockefeller presidential campaign in 1968. Was a Rockefeller State Chairman.

KOR REPORT 2-17-12

Obama claims that rising gas prices are a sign of an improving economy
yep, things are always better when they are more expensive
which means obama may well be THE GREATEST PRESIDENT IN HISTORY

Whitney houston died this week.
Governor Chris Christy announced that flags in New Jersey
were to be flown at half staff.
In a strange twist her funeral will be broadcast live on the internet.
It is rumored that this will be her best performance in years!

Also it was rumored that north korean leader kim jon un had been assassinated this week
but that rumor was quickly resolved after checking the illinois voter register
where they did not find kim as a registered democrat voter, which means he is not dead.
however their was a lady named whitney houston

dhs intercepted thousands of unsafe hair-dryers coming across the mexican border.
Hey um janet, thats not exactly the kind of blow we need you to stop coming across the border!

obama said this week that he did not know how bad the economy was going to be.
as a matter of fact he underestimated the budget deficit by 138%
and recently congress had to again raise our debt ceiling to over 16 trillion
but obama said not to worry, he had a hot stock tip about a new solar company

Obama wants to cut our nuclear arsenal by 80%,
which would mean we will have less weapons than china
but it really doesnt matter because at this point any nukes we bought
would be paid for with chinese money
and besides a chinese nuclear warhead would probably just break the first time they used it

On MONDAY obama announced his truth team.
Their first task was to clear up the matter regarding obamas birth certificate
in a related story -
on TUESDAY obama signed an executive order dissolving his truth team.

Joy bahair on the view said it is wrong to make women
view an ultrasound of a baby in their uteris before an abortion.
Joy you should see how awful it is to see your uteris from our perspective!

a native american tribe in nebraska is suing beer manufacturers for making them alcoholics. Sueing beer companies for their alcohol problems is like Rosie O'Donnel sueing silverware companies for her weight problem.

LA county has outlawed playing with toys on their beaches
and is issuing a $1000 fine for violaters.
Nobody has been issued a citation yet because
they are all too high from their legal marajuana to organize a game of frisbee.
They would rather stay home and play gears of war on their xbox

It was announced this week that last year the fcc provided 1.6 billion dollars
in free cell phone service to low income familes.
But since recent studies have shown a realtionship between cell phones and cancer
michelle obama has decided to replace the phones with something more healthy.
So now all poor people will be required to communicate
by actually walking down to the corner to buy drugs with their WELFARE checks!

BUDGET DEFICIT vs. BUDGET SHORTFALL

Ok here is something that really pisses me off!

When I hear politicians talking about DEFICIT SPENDING, or BUDGET DEFICIT I go crazy!

I often hear the democrats accusing the republicans of causing a BUDGET DEFICIT. And demanding that things like the bush tax cuts, are causing a BUDGET DEFICIT.

Lets look at what the world DEFICIT means.

def·i·cit

   [def-uh-sit; Brit. also dih-fis-it] Show IPA

noun

1.

the amount by which a sum of money falls short of the required amount.

2.

the amount by which expenditures or liabilities exceed income or assets.

3.

a lack or shortage; deficiency.

4.

a disadvantage, impairment, or handicap: The team's major deficit is its poor pitching.

5.

a loss, as in the operation of a business.

Have you ever heard this term.... DEFICIT SPENDING?

What these terms refer to is... SPENDING MONEY YOU DONT HAVE. Spending money you expected to get, but did not receive.

And example in your life, is to go out and spend $1000.00 this month on bills.
When pay day came, you only got paid $700.00! Whoa!
You spent $300.00 more than you had!

You just experienced DEFICIT SPENDING!

YOU JUST HAD A BUDGET SHORTFALL!

You budgeted for $1000.00 in bills, but only got home with $700.00....

so what do you do? Borrow $300 bucks!

Next month, you have a few choices....

1. spend more than you have again
2. make more money
3. spend less money

Now in government terms...

1. Run a BUDGET DEFICIT again, and increase your DEBT
2. Tax people more
3. make BUDGET CUTS.

George Bush gave people for example, a TAX CUT... took less of THEIR money.
The Democrats, instead of making BUDGET CUTS
to compensate for the BUDGET SHORTFALL
Said those TAX CUTS were creating a BUDGET DEFICIT and demonized
something that normally would be a good thing...
LETTING PEOPLE KEEP THEIR MONEY

Instead of cutting the budget, and spending less
they just continued to spend the same amount the ALWAYS PLANNED TO.
Were not cutting any programs. Were still going to spend the money.
EVEN THOUGH WE DONT HAVE THE MONEY.

Its YOUR fault, that you didn't send in enough TAXES that we are experiencing this
BUDGET DEFICIT

And because of you GREEDY PEOPLE KEEPING YOUR MONEY

We have to RAISE OUR DEBT LIMIT and BORROW the money we require to
meet the demands of the budget WE DONT HAVE THE MONEY TO PAY FOR!!!

TAX CUTS are not bad things.
TAX CUTS do not cause BUDGET DEFICITS.
OUT OF CONTROL SPENDING CAUSES BUDGET DEFICITS!

When you have a BUDGET SHORTFALL
YOU CUT SPENDING.
You DO NOT continue to use the planned budget and BORROW MONEY to
compensate for your BUDGET DEFICIT.

And our congress has now been operating
FOR 3 YEARS WITHOUT A BUDGET!!!!!

RAISING THE DEBT LIMIT OVER AND OVER
SPENDING MONEY THEY DONT HAVE
OPERATING IN A BUDGET DEFICIT

And blaming YOU for causing it.