John R. Houk
© September 3, 2011
Standard & Poor warned of a downgrade of United States credit rating. There was data and hints from S & P of what kind of hoops the U.S. government must do to avoid the rating downgrade. Conservatives felt that there should be a lid on the debt ceiling, a Balanced Budget, cuts in wasteful government spending and fewer taxes or some find of tax reform that encouraged business with the hope that jobs would be created with the forethought that more jobs meant more tax revenue. Leftists (in my estimation) desired higher taxes with a focus on the wealthy, closing tax loopholes for the wealthy, more government spending to fund government programs that would miraculously lead to job creation which in turn mean more tax revenue and having no qualms about raising the debt ceiling because after all we can have the Fed print more money for circulation.
The Republicans and Democrats were light years apart on which hoops to jump through to entice S & P not to downgrade the U.S. credit rating. With pressure rising concerning the debt ceiling and the effectiveness of the U.S. government to continue its obligations (e.g. payroll, Medicare, SS Checks, and so on) financially, Democrats and Republicans went behind closed doors to verbally duke it out about the old give and take compromises that would be needed.
In a twelfth hour kind of move behind closed doors a temporary deal was made which included rising the debt ceiling. The deal included tackling the U.S. debt at a later time on a bipartisan basis.
After the hoops were all jumped through the S & P still downgraded the U.S. credit rating. With the downgrade came the political finger pointing between White House-Dems and Republicans.
The propaganda impetus from the Left is that it is all President Bush’s fault followed by the intransience of Tea Party Republicans. Every intelligent person realizes the Tea Party did more to work on the debt problem rather than the Dems who were more active in taxing the rich to keep the status quo Government programs for the poor and illegal aliens with thoughts of 2012 votes more than government solvency. So with a little deceptive smoke and mirrors the propaganda agenda of the Dems is to vilify the Tea Party Movement as the problem that ails the Obamanation-Dem managed government. The plan appears that if the Dems can get enough mud to stick to Tea Partiers voters will not view Tea Party influence as a new hope for better government. The fabricated mud of the Dems is hoped to make voters forget about all the Obama “Change” mantra used by Obamasiah to transform America into a Secular Humanist-Moral Relativist-Socialistic Utopia (SA Rules for Radicals excerpts by Saul Alinsky).
When one hears, sees or reads criticism of the Tea Party Movement you are reading criticism of people that belief in Original Intent interpretation of the U.S. Constitution. Tea Partiers and smart Americans are simply resisting the Obama concept of change.
Writing all that I will turn you toward some edited emails from Tony Newbill that expresses concern over Conspiracy Theory (incidentally Newbill dislikes my association of his info with the words “Conspiracy Theory”) with the S & P credit rating downgrade as part of the NWO Left Wing transformation.
JRH 9/3/11
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Tony Newbill Emails Relating to the S & P
Roughly from 8/18 to 8/22/11
S&P and the Bilderbergers all part of the Plan
Tony Newbill
Sent: 8/18/2011 5:06 PM
We have GOT to Find a LEADER that will win the PRESIDENCY and stop the USA from falling into this DEMISE!!!!!
Go read this Site, it will Blow you away:
S&P and the Bilderbergers all part of the Plan
By Ellen Brown
August 18, 2011
Web of Debt Blog
…
On Tuesday, August 9, however, the market gained more points from its low than it lost on Monday. Why? A tug of war seemed to be going on between two titanic forces, one bent on crashing the market, the other on propping it up.
…
Dean Baker, co-director of the Center for Economic and Policy Research, said in a statement:
“The Treasury Department revealed that S&P’s decision was initially based on a $2 trillion error in accounting. However, even after this enormous error was corrected, S&P went ahead with the downgrade. This suggests that S&P had made the decision to downgrade independent of the evidence. [Emphasis added.]
…
In an illuminating expose posted on Firedoglake on August 5, Jane Hamsher concluded:
It’s becoming more and more obvious that Standard and Poor’s has a political agenda riding on the notion that the US is at risk of default on its debt based on some arbitrary limit to the debt-to-GDP ratio. There is no sound basis for that limit, or for S&P’s insistence on at least a $4 trillion down payment on debt reduction, any more than there is for the crackpot notion that a non-crazy US can be forced to default on its debt. . . .
It’s time the media and Congress started asking Standard and Poor’s what their political agenda is and whom it serves.
…
[A]fter the market close on Friday August 5th, we received word that S&P CEO Deven Sharma had taken control of the ratings agency and personally led the push for a U.S. downgrade. There is a lot of evidence that he has deliberately tried to trash the U.S. economy. Even after discovering that the S&P debt calculations were off by $2 trillion, Sharma made the decision to go ahead with the unethical downgrade. This is a guy who was a key contributor at the 2009 Bilderberg Summit that organized 120 of the world’s richest men and women to push for an end to the dollar as the global reserve currency.
[T]hrough his writings on “competitive strategy” S&P CEO Sharma considers the United States the PROBLEM in today’s world, operating with what he implies is an unfair and reckless advantage. The brutal reality is that for “globalization” to succeed the United States must be torn asunder . . .
…
Daniel Estulin, noted expert on the Bilderbergers, describes that secretive globalist group as “a medium of bringing together financial institutions which are the world’s most powerful and most predatory financial interests.” Writing in June 2011, he said:
Bilderberg isn’t a secret society. . . . It’s a meeting of people who represent a certain ideology. . . . Not OWG [One World Government] or NWO [New World Order] as too many people mistakenly believe. Rather, the ideology is of a ONE WORLD COMPANY LIMITED.
It seems the Bilderbergers are less interested in governing the world than in owning the world. The “world company” was a term first used at a Bilderberger meeting in Canada in 1968 by George Ball, U.S. Undersecretary of State for Economic Affairs and a managing director of banking giants Lehman Brothers and Kuhn Loeb. The world company was to be a new form of colonialism, in which global assets would be acquired by economic rather than military coercion. The company would extend across national boundaries, aggressively engaging in mergers and acquisitions until the assets of the world were subsumed under one privately-owned corporation, with nation-states subservient to a private international central banking system.
Estulin continues:
The idea behind each and every Bilderberg meeting is to create what they themselves call THE ARISTOCRACY OF PURPOSE between European and North American elites on the best way to manage the planet. In other words, the creation of a global network of giant cartels, more powerful than any nation on Earth, destined to control the necessities of life of the rest of humanity.
…
The Securities Exchange Commission announced on August 8 that it is investigating the downgrade. According to the Financial Times, the move is part of a preliminary examination into potential insider trading.
Whatever was going on in the market in the first two weeks of August, it was unprecedented, unnatural, and bears close observation. [Excerpts: Read the whole article by Ellen Brown]
CRIME that’s Underway Here with S&P
By Tony Newbill
Sent: 8/18/2011 9:32 PM
I broke this down a little to make better sense of the CRIME that’s underway here With S&P and the Globalist Financial operation to wipe out the Dollar as world trade currency and collapse the capitalist system and the free markets.
I think I Know why Janet Napolitano is giving the Obama Administration Cover on who they are calling terrorists!!!!
The conspiracy to do away with the dollar as World trade currency has Now come to the light of Day, as Obama is defecting for Political flavor from the Global elite trying to get the 2012 vote, but 2 years ago His Administration Officials were at a Meeting calling for the end of the US Dollar in particular SEC Chairwoman Mary Schapiro see here:
Let me see if I can break this down for you to see the events here playing out now and how their plan is falling apart because Obama needs the vote NOW, but 2 years ago he and his global buddies all agreed that the dollar should be ditched. The Key name in this argument is S&P President Deven Sharma. See here:
Now it says this S&P president is a guy who was a key contributor at the 2009 Bilderberg Summit that organized 120 of the world's richest men and women to push for an end to the dollar as the global reserve currency. Guess who else confirmed attendees at past Bilderberg conferences are: None other than Michel Barnier and the godfather of hedge fund manipulation Mr. George Soros himself. And Our President Obama has ties in all kind of ways to SOROS so we have to consider He is in on the Plan to terrorize the world Economies in an attempt to crash the Capitalist system but-but-but, here comes the Hypocrisy of this: Obama has His SEC Investigating S&P. So how can you 2 years later have your SAME SEC investigating the same S&P that 2 years earlier you all were at a Meeting agreeing to wipe out the DOLLAR? And this starts to happen 2 years later and Obama in front of JOE VOTER tells his SEC to Investigate S&P concerning the Downgrade that would perpetuate - what His Administration officials 2 years earlier at this meeting said - they agreed to have happen:
And so is the Obama Administration associated with the Globalist Terrorists like SOROS????
Here is the SEC investigation story:
I found all this at this SITE:
Man this is bad-bad-bad stuff! I don't even know what we call this crime of the 21st century. Does anyone want to make up a name for this???
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Collapse the Dollar and Crash the US Economy for a New World Order and UN Agenda 21
By Tony Newbill
Sent: 8/19/2011 12:43 AM
There is a connection between these 2 global agendas to collapse the dollar and crash the US economy for a New World Order and UN Agenda 21.
There is a connection between these 2 global agendas to collapse the dollar and crash the US economy for a New World Order:
What is Agenda 21? If you do not know about it, you should.
Agenda 21 is a two-decade old, grand plan for global ’Sustainable Development,’ brought to you from the United Nations. George H.W. Bush (and 177 other world leaders) agreed to it back in 1992, and in 1995, Bill Clinton signed Executive Order #12858, creating a Presidential Council on ‘Sustainable Development.’ This effectively pushed the UN plan into America’s large, churning government machine without the need for any review or discussion by Congress or the American people.
‘Sustainable Development’ sounds like a nice idea, right? It sounds nice, until you scratch the surface and find that Agenda 21 and Sustainable Development are really cloaked plans to impose the tenets of Social Justice/Socialism on the world.
At risk from Agenda 21;
· Private Property ownership
· Single-Family homes
· Private car ownership and individual travel choices
· Privately owned farms
The Agenda 21 plan openly targets private property. For over thirty-five years the UN has made their stance very clear on the issue of individuals owning land; [Read the Whole Article]
The conspiracy to do away with the dollar as World trade currency has Now come to the light of Day, as Obama is defecting for Political flavor from the Global elite trying to get the 2012 vote, but 2 years ago His Administration Officials were at a Meeting calling for the end of the US Dollar in particular SEC Chairwoman Mary Schapiro see here:
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S&P President Plot to Destroy Dollar and U.S. Monetary System
Tony Newbill
Sent: 8/22/2011 10:44 AM
The Federal Reserve Is spending money outside of Congress to the tune of trillions and Tacking it onto the backs of the USA taxpayer so you claim that the Federal Reserve doesn't make the debt but that Congress does - is Baseless and false. They just Bailed Out their Buddies with Money leveraged against the US Taxpayers that You and Me and JOE Public did not even get to VOTE ON. Look here:
And this QE 2 did even get to the credit markets to be loaned out:
On June 30, QE2 ended with a whimper. The Fed's second round of "quantitative easing" involved $600 billion created with a computer keystroke for the purchase of long-term government bonds. But the government never actually got the money, which went straight into the reserve accounts of banks, where it still sits today. Worse, it went into the reserve accounts of FOREIGN banks, on which the Federal Reserve is now paying 0.25 percent interest.
Before QE2 there was QE1, in which the Fed bought $1.25 trillion in mortgage-backed securities from the banks. This money, too, remains in bank reserve accounts collecting interest and dust. The Fed reports that the accumulated excess reserves of depository institutions now total nearly $1.6 trillion.
Interestingly, $1.6 trillion is also the size of the federal deficit - a deficit so large that some members of Congress are threatening to force a default on the national debt if it isn't corrected soon. [Read Entire Article]
And while they are playing that little game of Bleeding out the Consumers of their investment capital of Stimulus that was supposed to be used to reboot the economy that NEVER got to the Consumers, they have shut down the credit too. So we are fast collapsing as people run out of their primary reserve of cash.
And no due to the Cover-up and plot to withhold funding to the Free Enterprise Business sector so Wealth could be achieved and Supply expanded so the debt of these programs could be converted into true equity supply, we now have the Collapse they all seemed to plan for:
The Great Collapse Has Officially Begun
08/20/2011 16:51 -0400
ZeroHedge.com
…
Well, the period I’ve been warning of is now here. What’s happening right now is not just a market crash, bear market, deflation, or any other item related to just one asset class.
Instead, this is a collapse of the entire US monetary and political system and the mentality of spending one’s way to wealth.
For 80+ years, the US has operated under a crony capitalist system in which politicians dole out political and economic favors to the chosen few whose bribes/donations funded their campaigns.
This system was aided and abetted by the US Federal Reserve, which dealt with any and all economic issues by printing more money. Whether it was the Asian Crisis, Long Term Capital Management, or the 2008 Crash, the Fed dealt with the issue by opening the floodgates and flooding the financial system with liquidity.
Aside from making moral hazard (the notion that those large firms who screwed up were never actually allowed to fail) the bedrock of the financial system, the Fed also blew a credit bubble which in turn funded bubbles in virtually every asset class: bonds, stocks, real estate, emerging markets, even some commodities.
Indeed, the vast majority of US economic growth over the last 40 years has been fueled by the Fed’s loose money policies.
…
As you can see, when we account for inflation, the US economic “miracle” of the last 30 years is in fact not all that miraculous. Take away easy credit and Fed funny money and the US GDP has barely grown at all since the ‘70s.
When your entire financial system is built on debt eventually you hit a brick wall. We did this in 2008. The Fed barely held the system together by going “all in” and funneling over $11 trillion in bailouts, backstopping the major US banks, and transferring north of $2 trillion in garbage debt to the public’s balance sheet (these are just the moves we know about).
This effort has now failed as the world collectively realizes that the Fed cannot hold the system together. This began to become clear when QE 2 spent $600 billion and the US got at most three months’ worth of improved economic data (while inflation exploded throughout the global economy, leading to riots, coups, and more).
In simple terms, we’ve now entered the Real Crisis, the END GAME, for our current monetary system. Before the dust settles on this mess, the US and its political, economic, monetary structure will look very very different.
… [Read Entire Article]
Was it all their plan to create their perfect Utopia?
Actually they are Tanking the supply-side economy on Purpose - UN Agenda 21 ICLEI, NGO's:
S&P Quote:
"[T]hrough his writings on “competitive strategy” S&P CEO Sharma considers the United States the PROBLEM in today’s world, operating with what he implies is an unfair and reckless advantage. The brutal reality is that for “globalization” to succeed the United States must be torn asunder".
HELLO! This Treasonous quote By the S&P President should have summonsed the Obama SEC and the FBI to take into Custody the Threat of this destruction of the US Dollar and Monetary System in 2009. So why did Obama and his Administration Heads wait?? Why did they wait for over 2 years and allow what they knew was the plan to unfold at this present time and not pass a US Government Budget? Instead the Obama Administration ran massive deficits instead of a clear plan of both budget and stimulus that would direct the money we the people appropriated for economic recovery. All we heard 2 years later was this quote out of Obama:
"OH I guess there was NOT as many Shovel Ready JOBS as I thought".
COME ON! Who is going to take this CRAP to the HIGH COURTS???????
