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	<pubDate>Sat, 25 Oct 2008 18:25:55 +0000</pubDate>
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    <item>
      <title><![CDATA[Thoughts About Banking and the Economy]]></title>
      <description><![CDATA[
URGENT LETTER FROM THE PRODUCERS OF &quot;THE MONEY MASTERS&quot;

    * Your Thoughts About Banking and the Economy

From the Producer of THE MONEY MASTERS

October 1, 2008

Urgent Letter re the $700 Billion Bank Bailout

Dear Fellow American Citizen:

The ongoing, severe economic turmoil in our nation - destined to get worse if the right remedy is not enacted - was predicted in our video The Money Masters as the inevitable result of our fractional reserve banking system.

Our banking system, established by the Federal Reserve Act of 1913, works essentially like a spring. When the Central Bank, the Federal Reserve, wishes to create new money, it simply does so. There are no reserves to our money. The Fed then spends this money, usually to buy Treasury Bonds from private owners of the bonds (more recently to bailout or help huge banks buyout failing banks), which the sellers had purchased from the Treasury Department. These bonds (and Treasury bills, TIPS and notes) were initially sold to the public to fund government deficits. In our metaphor the money created by the Fed is the spring. The spring gets stretched in the following manner.

Banks, privately-owned, are permitted to loan out 90% of this new Fed-created money once it is deposited by the sellers of the bonds. That would not be a problem, except for the fact that the borrowers almost always redeposit the money (or the people they pay with their loan proceeds do). Once re-deposited, the banks can lend it out again. This re-loan, redeposit, re-loan, redeposit, etc. scheme, authorized by the Federal Reserve Act of 1913, allows banks each time to retain just 10% of the re-deposited loan proceeds as a reserve, ultimately allowing banks to lend out 9 times the original amount deposited, and to charge interest on it as many times as it was loaned. So instead of an interest rate of, for example, 6%, the banks may be collectively receiving a total of 54% interest per year (6% x 9; usually it is somewhat less ..]]></description>
      <link>http://www.hitechreps.com/post/index/31/Thoughts-About-Banking-and-the-Economy</link>
      <pubDate>Sat, 25 Oct 2008 18:25:54 +0000</pubDate>
      <category>General</category>
      <comments>http://www.hitechreps.com/post/index/31/Thoughts-About-Banking-and-the-Economy#cmt</comments>
    </item>
    <item>
      <title><![CDATA[They Did It On Purpose: The Housing Bubble &amp; Its Crash were Engineered by t]]></title>
      <description><![CDATA[ They Did It On Purpose: The Housing Bubble &amp; Its Crash were Engineered by the US Government, the Fed &amp; Wall Street

Richard C. Cook
Global Research
Friday, Oct 24, 2008

During the Clinton administration, the government required the financial industry to start expanding the frequency of mortgage loans to consumers who might not have qualified in the past.

When George W. Bush was named president by the Supreme Court in December 2000, the stock market had begun to decline with the bursting of the dot.com bubble.

In 2001 the frequency of White House visits by Alan Greenspan increased.

Greenspan endorsed President Bush’s March 2001 tax cuts for the rich. More such cuts took place in May 2003.

Signs of recession had begun to show in early 2001. The stock market crashed after 9/11. The U.S. invaded Afghanistan in October 2001 and Iraq in March 2003.

The Federal Reserve began cutting interest rates, and by 2002 a home-buying frenzy was underway. Fannie Mae and Freddie Mac went along by guaranteeing the increasing number of mortgage loans.

According to a mortgage broker this writer interviewed, word began to come down through the mortgage banks to begin falsifying mortgage applications to show more borrower income than borrowers actually possessed

Banks that wrote mortgages began to offload them when Wall Street packaged them into mortgage-backed securities that were sold around the world as bonds to investors.

(Article continues below)

Risk-analysts at the leading credit-rating agencies, such as Standard and Poor’s, Moody’s, and Fitch, gave their highest ratings to mortgage-backed securities whose risks were later acknowledged to be grossly underestimated.

Mortgage companies, with Alan Greenspan’s endorsement, began to offer more Adjustable Rate Mortgages (ARMs), loans that would reset at much higher rates in future years.

Mortgage brokers fed the growing bubble by telling people they should buy now because housing prices wou ..]]></description>
      <link>http://www.hitechreps.com/post/index/30/They-Did-It-On-Purpose-The-Housing-Bubble--Its-Crash-were-Engineered-by-t</link>
      <pubDate>Sat, 25 Oct 2008 08:32:44 +0000</pubDate>
      <category>General</category>
      <comments>http://www.hitechreps.com/post/index/30/They-Did-It-On-Purpose-The-Housing-Bubble--Its-Crash-were-Engineered-by-t#cmt</comments>
    </item>
    <item>
      <title><![CDATA[ Government of Thieves: When Greed is Rewarded]]></title>
      <description><![CDATA[  Government of Thieves: When Greed is Rewarded

PAUL CRAIG ROBERTS
COUNTER PUNCH
Friday, October 17, 2008

Just as the Bush regime’s wars have been used to pour billions of dollars into the pockets of its military-security donor base, the Paulson bailout looks like a Bush regime scheme to incur $700 billion in new public debt in order to transfer the money into the coffers of its financial donor base. The US taxpayers will be left with the interest payments in perpetuity (or inflation if the Fed monetizes the debt), and the number of Wall Street billionaires will grow. As for the US and European governments’ purchases of bank shares, that is just a cover for funneling public money into private hands.

The explanations that have been given for the crisis and its bailout are opaque. The US Treasury estimates that as few as 7% of the mortgages are bad. Why then do the US, UK, Germany, and France need to pour more than $2.1 trillion of public money into private financial institutions?

If, as the government tells us, the crisis stems from subprime mortgage defaults reducing the interest payments to the holders of mortgage backed securities, thus driving down their values and threatening the solvency of the institutions that hold them, why isn’t the bailout money used to address the problem at its source? If the bailout money was used to refinance troubled mortgages and to pay off foreclosed mortgages, the mortgage backed securities would be made whole, and it would be unnecessary to pour huge sums of public money into banks. Instead, the bailout money is being used to inject capital into financial institutions and to purchase from them troubled financial instruments.

(ARTICLE CONTINUES BELOW)

It is a strange solution that does not address the problem. As the US economy sinks deeper into recession, the mortgage defaults will rise. Thus, the problem will intensify, necessitating the purchase of yet more troubled instruments.

If credit card debt h ..]]></description>
      <link>http://www.hitechreps.com/post/index/29/Government-of-Thieves-When-Greed-is-Rewarded</link>
      <pubDate>Sun, 19 Oct 2008 09:59:42 +0000</pubDate>
      <category>General</category>
      <comments>http://www.hitechreps.com/post/index/29/Government-of-Thieves-When-Greed-is-Rewarded#cmt</comments>
    </item>
    <item>
      <title><![CDATA[A Prayer for our Country]]></title>
      <description><![CDATA[

WRITTEN BY A 15 yr. Old SCHOOL KID IN ARIZONA :

 

New Pledge of Allegiance (TOTALLY AWESOME) !

 

Since the Pledge of Allegiance

And

The Lord's Prayer

Are not allowed in most

Public schools anymore

Because the word 'God' is mentioned....

A kid in Arizona wrote the attached

 

NEW School prayer :

Now I sit me down in school

Where praying is against the rule

For this great nation under God

Finds mention of Him very odd.

 

If Scripture now the class recites,

It violates the Bill of Rights.

And anytime my head I bow

Becomes a Federal matter now.

 

Our hair can be purple, orange or green,

That's no offense; it's a freedom scene.

The law is specific, the law is precise.

Prayers spoken aloud are a serious vice.

 

For praying in a public hall

Might offend someone with no faith at all.

In silence alone we must meditate,

God's name is prohibited by the state.

 

We're allowed to cuss and dress like freaks,

And pierce our noses, tongues and cheeks..

They've outlawed guns, but FIRST the Bible.

To quote the Good Book makes me liable.

We can elect a pregnant Senior Queen,

And the 'unwed daddy,' our Senior King.

It's 'inappropriate' to teach right from wrong,

We're taught that such 'judgments' do not belong.



We can get our condoms and birth controls,

Study witchcraft, vampires and totem poles.

But the Ten Commandments are not allowed,

No word of God must reach this crowd.

 

It's scary here I must confess,

When chaos reigns the school's a mess.

So, Lord, this silent plea I make:

Should I be shot; My soul please take!

Amen

]]></description>
      <link>http://www.hitechreps.com/post/index/28/A-Prayer-for-our-Country</link>
      <pubDate>Mon, 04 Aug 2008 07:40:54 +0000</pubDate>
      <category>General</category>
      <comments>http://www.hitechreps.com/post/index/28/A-Prayer-for-our-Country#cmt</comments>
    </item>
    <item>
      <title><![CDATA[Lets Offend Everyone...!]]></title>
      <description><![CDATA[Date: Monday, July 21, 2008, 4:03 PM
Let's offend everybody

Q.  What's the Cuban National Anthem?
A.  Row, Row, Row Your Boat

Q.  Where does an Irish family go on vacation?
A.    A different bar

Q.  What did the Chinese couple name their tan, curly-haired baby?
A.  Sum Ting Wong

Q.  What do you call it when an Italian has one arm shorter than the other?
A.  A speech impediment

Q.  What does it mean when the Post Office's flag is flying at half-mast?
A.They're hiring

Q.  Why aren't there any Puerto Ricans on Star Trek?
A.  Because they're not going to work in the future either

Q.  What do you call a Mississippi farmer with a sheep under each arm?
A.  A pimp

Q.  Why do Driver Ed classes in redneck schools use the car only on Mondays,
Wednesdays and Fridays?
A.  Because on Tuesday and Thursday, the Sex Ed class uses it.

Q.  What's the difference between a southern zoo and a northern zoo?
A.  The southern zoo has a description of the animal on the front of the
cage along with a recipe.

Q  How do you get a sweet little 80-year-old lady to say the &quot;F&quot; word?
A.  Get another sweet little 80-year-old lady to yell &quot;BINGO!&quot;

Q.  What's the difference between a northern fairytale and a southern
fairytale???
A.  A northern fairytale begins, &quot;Once upon a time...&quot; A southern fairytale begins, &quot;Y'all ain't
gonna believe this shit.&quot;

Q.  Why doesn't Mexico have an Olympic team?
A.  Because all the Mexicans who can run, jump or swim are already in the United States .]]></description>
      <link>http://www.hitechreps.com/post/index/27/Lets-Offend-Everyone</link>
      <pubDate>Fri, 25 Jul 2008 07:22:23 +0000</pubDate>
      <category>General</category>
      <comments>http://www.hitechreps.com/post/index/27/Lets-Offend-Everyone#cmt</comments>
    </item>
    <item>
      <title><![CDATA[President's Email of the Year!]]></title>
      <description><![CDATA[REALLY WISH THE PRESIDENT WOULD GET A HOLD OF THIS!!!!!!
 

    E-Mail of the Year!!
     wouldn't it BE GREAT TO TURN ON THE TV AND HEAR ANY U.S. PRESIDENT, DEMOCRAT OR REPUBLICAN GIVE THE FOLLOWING SPEECH?
    'My Fellow Americans: As you all know, the defeat of the Iraq regime has been completed.

    Since congress does not want to spend any more money on this war, our mission in Iraq is complete.

    This morning I gave the order for a complete removal of all American forces from Iraq This action will be complete within 30 days. It is now time to begin the reckoning.


    Before me, I have two lists. One list contains the names of countries which have stood by our side during the Iraq conflict. This list is short . The United Kingdom , Spain , Bulgaria , Australia , and Poland are some of the countries listed there.

    The other list contains every one not on the first list. Most of the world's nations are on that list. My press secretary will be distributing copies of both lists later this evening.

    Let me start by saying that effective immediately, foreign aid to those nations on List 2 ceases immediately and indefinitely. The money saved during the first year alone will pretty much pay for th e costs of the Iraqi war. THEN EVERY YEAR THERE AFTER IT'll GO TO OUR SOCIAL SECURITY SYSTEM SO IT WONT GO BROKE IN 20 YEARS.

    The American people are no longer going to pour money into third world Hell holes and watch those government leaders grow fat on corruption.

    Need help with a famine ? Wrestling with an epidemic? Call France

    In the future, together with Congress, I will work to redirect this money toward solving the vexing social problems we still have at home On that note, a word to terrorist organizations. Screw with us and we will hunt you down and eliminate you and all your friends from the face of the earth.

    Thirsting for a gutsy country to terrorize? Try France or maybe China

    I am ordering the immedi ..]]></description>
      <link>http://www.hitechreps.com/post/index/26/Presidents-Email-of-the-Year</link>
      <pubDate>Fri, 25 Jul 2008 07:03:34 +0000</pubDate>
      <category>General</category>
      <comments>http://www.hitechreps.com/post/index/26/Presidents-Email-of-the-Year#cmt</comments>
    </item>
    <item>
      <title><![CDATA[Are Feds Stock Pilng Food?]]></title>
      <description><![CDATA[
Are feds stockpiling survival food?
'These circumstances certainly raise red flags'
Posted: July 24, 2008
12:00 am Eastern WorldNetDaily
[http://images/misc/foodtwo.jpg]

A Wall Street Journal columnist has advised people to &quot;start stockpiling food&quot; and an ABC News Report says &quot;there are worrying signs appearing in the United States where some … locals are beginning to hoard supplies.&quot; Now there's concern that the U.S. government may be competing with consumers for stocks of storable food.

&quot;We're told that the feds bought the entire container of canned butter when it hit the California docks. (Something's up<img src="http://www.hitechreps.com/smilies/icon_exclaim.gif" alt="!)" />,&quot; said officials at Best Prices Storable Foods in an advisory to customers. Spokesman Bruce Hopkins told WND he also has had trouble obtaining No. 10 cans of various products from one of the world's larger suppliers of food stores, Oregon Freeze Dry. (Story continues below)

He said a company official told him on the telephone when he discussed the status of his order that it was because the government had purchased massive quantities of products, leaving none for other customers. That, however, was denied by Oregon Freeze Dry. In a website statement, the company confirmed it cannot assure supplying some items to customers.

&quot;We regret to inform you Oregon Freeze Dry cannot satisfy all Mountain House #10 can orders and we have removed #10 cans from our website temporarily,&quot; the company tells frustrated customers. &quot;The reason for this is sales of #10 cans have continued to increase. OFD is allocating as much production capacity as possible to this market segment, but we must maintain capacity for our other market segments as well.&quot;

The company statement continues, &quot;We want to clarify inaccurate information we’ve seen on the Internet. This situation is not due to sales to the government domestically or in Iraq. We do sell products to this market, but we also sell other market segments … The reason for this decision is solely due to an unp ..]]></description>
      <link>http://www.hitechreps.com/post/index/25/Are-Feds-Stock-Pilng-Food</link>
      <pubDate>Fri, 25 Jul 2008 06:55:22 +0000</pubDate>
      <category>General</category>
      <comments>http://www.hitechreps.com/post/index/25/Are-Feds-Stock-Pilng-Food#cmt</comments>
    </item>
    <item>
      <title><![CDATA[Obama's &quot;Not Exactly's]]></title>
      <description><![CDATA[ Obama's &quot;Not Exactly's&quot;:

 Obama's &quot;Not Exactly's&quot;:   This person is more dangerous than any
 candidate in recent years....


    1.) Selma Got Me Born - NOT EXACTLY, your parents felt safe
    enough to have you in 1961 - Selma had no effect on your birth, as
    Selma was in 1965. (Google'Obama Selma ' for his full March 4,
    2007 speech and articles about its various untruths.)

    2.) Father Was A Goat Herder - NOT EXACTLY, he was a
    privileged, well educated youth, who went on to work with the Kenyan
    Government.

    3.) Father Was A Proud Freedom Fighter - NOT EXACTLY, he
    was part of one of the most corrupt and violent governments Kenya has
    ever had.

    4.) My Family Has Strong Ties To African Freedom - NOT
    EXACTLY, your cousin Raila Odinga has created mass violence in attempting to overturn a legitimate election in 2007, in Kenya . It is the first widespread violence in decades. The current government is pro-American but Odinga wants to overthrow it and establish Muslim Sharia law. Your half-brother, Abongo Obama, is Odinga's follower. You interrupted your New Hampshire campaigning to speak to Odinga on the phone. Check out the following link for verification of that....and for more.

    Obama's cousin Odinga in Kenya ran for president and
    tried to get Sharia muslim law in place there. When Odinga lost the elections, his followers have burned Christians' homes and then burned men, women and children alive in a Christian church where they took shelter.. Obama SUPPORTED his cousin before the election process here started. Google Obama and Odinga and see what you get. No one wants to know the truth.

    5.) My Grandmother Has Always Been A Christian - NOT
    EXACTLY, she does her daily Salat prayers at 5am according to her own
    interviews. Not to mention, Christianity wouldn't allow her to have
    been one of 14 wives to 1 man.
    6.) My Name is African Swahili - NOT EXACTLY, your name is
    Ara ..]]></description>
      <link>http://www.hitechreps.com/post/index/24/Obamas-Not-Exactlys</link>
      <pubDate>Fri, 25 Jul 2008 06:35:20 +0000</pubDate>
      <category>General</category>
      <comments>http://www.hitechreps.com/post/index/24/Obamas-Not-Exactlys#cmt</comments>
    </item>
    <item>
      <title><![CDATA[How Did America Get HERE?]]></title>
      <description><![CDATA[(Note; if you don't vote much, then it's probably not worth your time to read this)


A professor at The University of North Texas was speaking to a class on politics one day recently, when one young student (majoring in both history and politics)
raised his hand and mentioned that it  appears to him, that we have losing some individual freedoms over the last few decades.

The professor replied to the student; &quot; That is exactly what has been happening in America over the last forty plus years&quot;.

He then asked the student; 'Do you know how to catch wild pigs?' The student thought the question was a joke and asked for the punch line.
The professor promptly assured him that it was no joke.
The professor then said; &quot;Let me explain how it is done&quot;.

&quot;You catch wild pigs by finding a suitable clearing in the woods and putting corn on the ground.
The pigs find it and begin to come everyday to eat the 'free' corn. When they become used to coming each day, you put a fence down one side of this area&quot;.

When they get used to that portion of fence, they begin to eat the corn again and you then put up another side of the fence.
They get used to that and start to eat again. You continue until you have all four sides of the fence up with a gate in the last side.

The pigs, which are now very used to the 'free' food, start coming through the gate to eat that 'free' corn again, and again.
You then slam the gate on them and catch the whole herd. Suddenly, the wild pigs have lost their freedom!
They run around and around inside the fence, but they soon realize that they are caught. So, they just go back to eating the 'free' corn.
They get so used to it that they forget how to forage in the woods for themselves for food; so they just accept it.

Our government has been pushing us toward Communism/Socialism by spreading the 'free' corn out in the form of 'handouts' such as; supplemental income, Section 8 housing,
unearned income credits, tobacco subsidies, dairy  ..]]></description>
      <link>http://www.hitechreps.com/post/index/23/How-Did-America-Get-HERE</link>
      <pubDate>Fri, 25 Jul 2008 06:30:48 +0000</pubDate>
      <category>General</category>
      <comments>http://www.hitechreps.com/post/index/23/How-Did-America-Get-HERE#cmt</comments>
    </item>
    <item>
      <title><![CDATA[Axis of Idiots]]></title>
      <description><![CDATA[Subject:  Axis of Idiots

        SEMPER FI

                     (Too bad we don't have folks on Capitol Hill willing to speak out like this.

                    J.D. Pendry is a retired Marine Sergeant Major who writes for Random House. He is eloquent, and he seldom beats around the bush<img src="http://www.hitechreps.com/smilies/icon_exclaim.gif" alt="!)" />

                    &quot;The Axis of Idiots&quot;

                    Jimmy Carter, you are the father of the Islamic Nazi movement. You threw the Shah under the bus, welcomed the Ayatollah home, and then lacked the spine to confront the terrorists when they took our embassy and our people hostage. You're the runner-in-chief.

                    Bill Clinton, you played ring around the Lewinsky while the terrorists were at war with us. You got us into a fight with them in Somalia and then you ran from it. Your weak-willed responses to the U.S.S. Cole and the First Trade Center Bombing and Our Embassy Bombings emboldened the killers. Each time you failed to respond adequately, they grew bolder, until 9/11/2001.

                    John Kerry, dishonesty is your most prominent attribute. You lied about American Soldiers in Vietnam. Your military service, like your life, is more fiction than fact. You've accused our military of terrorizing women and children in Iraq. You called Iraq the wrong war, wrong place, wrong time, the same words you used to describe Vietnam. You're a fake. You want to run from Iraq and abandon the Iraqis to murderers just as you did the Vietnamese. Iraq, like Vietnam, is another war that you were for, before you were against it.

                    John Murtha, you said our military was broken. You said we can't win militarily in Iraq. You accused United States Marines of cold-blooded murder without proof and said we should redeploy to Okinawa. Okinawa, John? And the Democrats call you their military expert! Are you sure you didn't suffer a traumatic brain injury while you were off building your war hero resume? You're a sad, pitiable, corrupt  ..]]></description>
      <link>http://www.hitechreps.com/post/index/22/Axis-of-Idiots</link>
      <pubDate>Mon, 21 Jul 2008 09:35:41 +0000</pubDate>
      <category>General</category>
      <comments>http://www.hitechreps.com/post/index/22/Axis-of-Idiots#cmt</comments>
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