by John Galt
May 24, 2013 05:00 ET

On Thursday May 23, 2013 President Barack Obama gave a foreign policy speech at the National Defense University about counter-terrorism. The speech in total is below available to my readers so there is no mistake nor shall I be accused of being taken out of context when I warn everyone what it really means.

The Daily Caller immediately picked up on one portion of the speech as I did because it was quite clear as to what he was referencing:

During his foreign policy speech Thursday afternoon, President Obama warned that domestic terrorism would increase in the modern age of the Internet.

“[T]his threat is not new,” Obama said. “But technology and the Internet increase its frequency and lethality.”

Obama warned Americans that materials on the Internet could influence people to commit terrorist acts.

“Today, a person can consume hateful propaganda, commit themselves to a violent agenda and learn how to kill without leaving their home,” he said.

The speech then has the President taking a brief pause then proceeding to speak about working with the American Muslim community to prevent domestic terrorism and other such nonsense.

This from a man whose followers proclaim that gun owners are terrorists.

This from a man whose followers proclaim the Founding Fathers of our country were terrorists who murdered innocent Native Americans.

This from a man whose IRS, CIA, FBI, DHS, EPA, DOE, DOL, and USDA along with darned near every other alphabet agency persecuted and if possible prosecuted pro-Christian, pro-Constitution, pro-2nd Amendment, and pro-Patriotic organizations.

This from a man who will proclaim this weekend a great respect for our veterans while five years into his administration almost 900,000 are still waiting to get the word that they even qualify for benefits much less have any thought of ever receiving medical attention or financial aid.

This from a man whose friends and allies refuse to call  a radical Islamist a terrorist but has no problem calling my readers, my friends, my cohorts terrorists when a firecracker or sparkler is fired off in the dark of night.

If you read this article it means YOU are on the internet and according to the groupthink of the extremist left and this President YOU are a terrorist. Now that everyone understands the perceptions of flyover country from Washington, D.C. prepare for the next show to drop because even if the next attack inside the U.S. is committed by an Islamofacist, every effort, once again, will be dedicated to pinning the blame on Bubba so the police state can officially be declared to enshrine his legacy forever.

by John Galt
May 23, 2013 22:00 ET

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by John Galt
May 23, 2013 17:30 ET

The shocking video from ITV via Micheal Savage’s YouTube Channel is only the beginning of this story:

It only goes downhill from there. The Sun Newspaper in the U.K. published an article where Prime Minister David Cameron stated:

“This country will be absolutely resolute in its stand against violent extremism and terror. We will never give in to terror or terrorism in any of its forms”

Well done. Bravo. Take a bold stand. Then of course this portion of the same story pretty much sums up the anger in my title for this brief rant:

Troops in London were advised in the immediate aftermath of yesterday’s attack not to wear their uniforms outside their base.

Excuse me?

A British soldier is being advised that he can not wear his uniform off base on British soil?

It was bad enough watching the entire video with the sheeple standing there with a stupid smug look on their faces so proud that they are a disarmed nation subjected to a camera happy police state but then to hear this order from the United Kingdom Defence Ministry is the ultimate definition of a country that is scared of its own shadow. So a man or woman who endangers their lives in one of the globalist adventures in Afghanistan or other overseas locations can wear their uniforms proudly there but not in their home nation!!! I know this statement does not apply to all Brits but by God it applies to a majority:

No wonder the Islamofacists roam your nation freely, Great Britain has become a nation of pussies.

Don’t feel offended. The United States is not far behind from achieving this same metro-sexual goal of glory and wimpification.

by John Galt
May 23, 2013 05:00 ET

Down 7.32%!!!!

The cratering of the Japanese stock market last night with a massive 7.32% sell off could be an indication that the Fed’s hint that the era of super easy funny fiat printing may start to ease is over. The hangover might begin as U.S. futures are down triple digits as this is typed but is it the end?

If the speculators are any hint, odds are this could be a short sharp correction heading into the Memorial Day weekend holiday as the “sell in May and go away” paradigm might well return. The instability in the Middle East, scandals in D.C., and indications that Europe is again starting to dive economically could provide the 10 plus percent correction many are worried about. The problem with this correction is that once a bubble bursts momentum might well take it down to realville and trigger a 30-45% drop which this author has long been expecting but the Fed has averted with its hedge fund performance.

Stay tuned as the European declines could easily trigger a third wave of banking system failures and expand the Euro crisis around the world one more time as the Fed can not continue to save everyone, everyday, especially when Asian economies are starting to contract.

by John Galt
May 23, 2013 05:00 ET

The run of scandals is dizzying at this point of time:

AP/Pressgate

BenghaziGate

IRSGate

EPAGate

Fast and FuriousGate

PigfordGate

Etc.Gate…(for those that have not quite yet bubbled to the surface)

With all that has been happening there is a problem that the President and his staff awake at night. Ever since the Benghazi disaster and the revelations of numerous scandals this year there is one man who could step forward and present the facts which would cause the end of the Obama reign of Marxist terror. To figure out who that might be, some speculation on what has occurred so far might paint a picture of just how severe the major crisis plus one yet to explode scandal actually are as they exist at this moment.

The IRS Scandal is essentially paralyzed unless the Congress can coerce testimony or find one brave bureaucrat willing to sacrifice their career and leak physical evidence like emails or memos with instructions from White House personnel to direct operatives in the IRS to engage in illegal activities. I’m somewhat skeptical that anyone would risk an Arkanicide for themselves or their family to stand in the way of the Obama train and get run over.

The AP/Pressgate scandal continues to expand but once again it will take even more of the media turning against the administration and worse, once again, an honest FBI or Department of Justice agent coming forward to testify that they were indeed instructed to conduct illegal investigations of journalists solely for the purpose of monitoring their activities. As far as EPA and Pigfordgate that would require forced testimony by participating bureaucrats before a Grand Jury to get anywhere and I do not see the Republicans growing enough backbone to force the administration into appointing a special prosecutor.

Fast and Furious is now slow and whimper as Congressman Darrell Issa’s office has butchered this investigation by refusing to take the Obama administration to court for violations of the Constitution by denying Congress key data as requested from this scandal . If Issa could ever be replaced the logjam created by his ineptitude would be broken and an actual Patriot who believes in exercising the role of oversight would move all of the investigations forward.

This brings the list down to the two big scandals, one which is occasionally front page news and the other deliberately ignored by almost all but the internet alternative media. One man holds the key to both scandals however and that is where the story really begins. The scandal being ignored by the so-called mainstream media is how members of Seal Team 6 were loaded off protocol into an unsecured helicopter without their normal escorts and “mysteriously” shot down by Taliban insurgents. The story since day one has stunk to high heaven and only those members of the U.S. Special Forces contingent including the Seals could provide answers should they ever be allowed to speak. The families spoke out about this scandal on May 9, 2013 with very few individuals paying attention to what the allegations were and what they said (video below).

The powerful testimony of those families should have inspired one politician who actually preaches what they promote about the Constitution to demand answers but two weeks later there is nothing but silence. Including a deathly silence from the one man who could shed some light on this scandal and possibly expose a massive case of malfeasance within the Obama regime.

That scandal and the knowledge of the truth about Benghazi would destroy the Obama Presidency and force his resignation should all of the information ever become public knowledge. Unfortunately the one man who has all of the truth behind the Defense Department and CIA scandals resigned in shame on November 9, 2012. The questions are swirling  about  General David Petraeus and why he has yet to come forward:

Was he or his family threatened should he ever divulge anything?

Was he paid to stay silent?

Was he originally part of the plan and forced to retire early for refusing to execute future plans on behalf of the Globalist cabal?

Is he a yellow bellied coward who just doesn’t care about his country any longer?

Petraeus is the one man with all of the inside knowledge about many scandals and quite possibly might know if like Nixon, the CIA was ordered to engage in dirty tricks against the Tea Party, Romney campaign, and select Republican candidates running for office in 2012. If he were to step forward and do his patriotic duty by obeying the oath he took on the day he enlisted in the military to uphold and protect the United States Constitution, President Obama would be out of office long before the end of 2014.

by John Galt
May 22, 2013 05:00 ET

Over the last six plus months, I have penned two articles about the Assassination of Ambassador Christopher Stevens and “The Other Truth about Benghazi,” both of which were fairly simple to understand when one realizes the level of corruption and financial incest occurring inside the nation’s capitol. To this day not one national talk show host nor political animal has asked the most important question remaining in the investigation which will topple the regime in D.C.

Last week The National, a newspaper out of the United Arab Emirates published a fascinating article which drove the point home about what is happening in Saudi Arabia, Turkey, and Syria:

Saudis overtaking Qatar in sponsoring Syrian rebels

In the article by Hassan Hassan it was stated:

Last week, a 12-member delegation from the Syrian opposition visited Saudi Arabia, for an unprecedented two-day official meeting.

by John Galt
May 21, 2013 21:00 ET

Imagine following every aspect of the absurdly complex tax code of the United States of America, as written by the United States Congress and then being called before them to be attacked and berated for not bringing overseas profits home so as to do their “patriotic duty” as some infer, and pay even more taxes above the $6 billion they already submit!

Rand Paul (R-KY) nailed the critters and rats that infest the Senate today with this great speech below and somehow survived the barbs and nasty comments from the cowardly panelists with him who attacked him for speaking logic, truth, and about the Constitution. Too bad they can not accept responsibility for their own actions and ignored his words of wisdom.

Special thanks to Mediate for capturing this C-SPAN hearing:

by John Galt
May 21, 2013 20:30 ET

Ah, New Jersey. Home of the Sopranos. A dead Jimmy Hoffa under a parking space at the Meadowlands. And of course, the only governor to have a Krispy-Kreme franchise open just above his navel.  I heard it even has its own drive thru window also.

Now the New Jersey legislature, possibly only third to Washington, D.C. and Chicago as far as corruption (or are those last two one and the same?) is proposing a new law which is right out of 1984 and should have everyone in America reflecting on the future of freedom of movement and expression as our Constitution continues to be destroyed by evil:

A Mileage Tax Monitored By Big Brother For All N.J. Drivers? It Could Happen

In the article at the link above from CBS News New York, the proposal is to force drivers to affix a GPS tracking system to hybrid, electric, or natural gas powered vehicles or offer the option of a $50 per year fee. This was after the initial hue and cry about taxing all vehicles but once Pandora’s box is open, it will only be a short matter of time before all vehicles are taxed using a GPS tracking system.

In fact, some individuals might be taxed a tad bit more. If anyone has paid attention to the IRS scandal, what would stop an energetic bureaucrat from tweaking the tax rate up on a driver say driving to a Tea Party assembly, or notifying authorities that an innocent individual was lawfully attending a gun show and that the authorities should intercept that person after a legally purchased a firearm, ammunition, or accessories? The implications of mandated GPS tracking are endless as are the abuses. Until we become a nation of laws and not technocrat inspired lawyers and political elites ideas like this shall continue to be viewed with justifiable skepticism.

I just wonder what happens if this does become the law of the land in NJ and someone experiences an automatic deduction for a round trip to Miami,  because after all, only the wealthy can afford to drive from New Jersey to Florida according to the bureaucrats who masturbate before their idol known as “Big Brother.”

by John Galt
May 21, 2013 19:15 ET

The hue and cry originally expressed by the Tea Party, 9/12 Project, Conservative Talk Radio, and other patriot/Constitutionalists type groups was a death scream into the darkness as now I fear the entire IRS scandal is officially dead. Unbeknownst to them, it died on Friday May 17, 2013 around 6 p.m. ET when the President made his famous “You’re Fired” speech to the media about the already outgoing interim IRS Commissioner Steven Miller. One needs to take a deep breath and understand that when it was announced that Eric Holder was opening a criminal investigation into the allegations about the Internal Revenue Service, that killed the scandal and any unbiased investigation.

The nightmare which was the “Fast and Furious” scandal was buried when the Federal Government under Eric Holder opened an investigation of the Bureau of Alcohol, Tobacco, and Firearms (BATF) which resulted in a massive smoke screen and years later a continuing obfuscation of the facts. Sadly, American Congressional leaders have refused to show the testicular fortitude to stand up to the Departments of Justice and Homeland Security by cutting off funding to the payroll of the leadership or other actions to force a full and complete disclosure under oath with all supporting documents. Why would anyone expect any different result with a new investigation by this administration of itself on a different subject?

The tragic events in Moore, Oklahoma with the destruction from the massive tornado and unfortunate fatalities will buy the Obama administration about 72 to 96 hours of relief from the various scandals, and most importantly the IRS debacle. President Obama can now travel to Oklahoma for a politically arranged memorial service for the victims, provide the usual phony platitudes and prayers for the victims and survivors, and promise that his administration will give unlimited resources to help rebuild the town. Of course that did not work well for the citizens of Staten Island, New York or other areas affected by Hurricane Sandy but who in their right mind expects the national media to follow-up with reports of the Messiah’s failures?

Fortunately for President Obama, the Scarecrow and Chief Republican Globalist Surrender Monkey has thus far refused to take any course of action other than the “someone needs to fired” nonsense for the actions of those responsible. Was there a call for a special prosecutor? No. Demand for a joint special investigative committee with full subpoena powers for all parties? No. Is there any plan to freeze the government by stopping all Congressional action (or in his case inaction) for all programs until all data, emails, and testimony is released to a special committee or even just the House Ways and Means investigation? No. The cowardly Scarecrow will grab a drink and a smoke and cry into the cameras that he’s doing all he can while the Republic crumbles under his watch.

Lastly, today’s news is the final nail in the coffin as planned by Attorney General Eric Holder and reported by the Los Angeles Times tonight:

Top IRS official will invoke 5th Amendment

The course of action taken by the former head of the non-profit division of the IRS, Lois Lerner, is no shock to this blogger as once a criminal investigation is announced, all cooperation ceases. All witnesses and potential whistle blowers will obtain counsel and please the 5th Amendment also. Emails, memos, and any printed material will not become evidence in the possession of a Republican dominated committee but instead will be sealed by the Attorney General so as not to “taint” any case that may develop against those guilty of any potential crimes. The actions initiated by Eric Holder with the announcement last Friday night of a criminal investigation has basically initiated a course of action identical to what occurred with the Fast and Furious scandal.

The problem and clash between branches will now depend on second and third level Senators and Congressmen initiating action to pressure the leadership into forming a select committee to investigate at a minimum the IRS scandal if possible all of the abuses of power engaged in by the Obama administration. Based on the track record of the Republican leadership (or lack thereof) and the inability of the media to grasp the depths of the crisis should Obama be allowed to escape prosecution, Americans should begin preparations to live in a totally lawless society controlled with a police state based domestic military and continuous variations of regulation to create a nation of citizen criminals guilty of only living within our borders and out of favor with the powers that be.

by John Galt
May 20, 2013 21:05 EDT

This sad, sad, story continues to worsen with breaking news tonight that now 51 confirmed fatalities with possibly dozens of children also lost in the storm and over one hundred injured.

This is the live coverage feed from KFOR in Oklahoma City of the storm and its aftermath:

The video below is from an amateur using an Android phone to record this but it gives one an idea of just how powerful the storm was:

Pray for the poor souls in Oklahoma tonight.

by John Galt
May 20, 2013 17:45 EDT

I am officially now a racist according to the media, politically correct, and terminally stupid. I disagree with the path that our nation is on, the actions taken since 2004 in our country but even more so since 2009, and worse, I have this nasty tendency to tell it like I see it and that of course means I am a biased bigot to those who disagree.

Shortly after assuming office, the current and unfortunate President of the United States engaged in a daring act of state power outside of the limits of the United States Constitution by nationalizing General Motors and Chrysler Motors in June of 2009. The preplanned bankruptcy was declared as necessary by the administration to ensure the survival of these corporations as too many jobs were at stake despite the collapse of much larger threats to the nation’s economy in 2008. Within the restructuring of the automotive manufacturers seized by the Federal Government, the bondholders sued and took the case on the fast track to the United States Supreme Court which rejected their plea despite a valid complaint of violation of their 4th and 5th Amendment rights. The excuse of basically giving the remains of the corporations and the controlling interest to the United Auto Workers and Fiat was that the extraordinary economic circumstances justified this thievery while rewarding the various contributors who helped Obama win the Presidency in 2008. The true free market capitalists complained far and wide about this unconstitutional action but their voices were drowned out by the media with one refrain:

It’s okay, because he’s black.

The newly empowered regime did not just stop there. Less than two months after the election in March of 2009, the Missouri Information Analysis Center (MIAC) drafted a a report about the “modern militia movement.” Amazingly enough, anyone with a Ron Paul or other third party candidate bumper sticker, against abortion, or possessing, not distributing but possessing any part of a list of what is considered subversive literature the Department of Homeland Security MIAC Fusion Center alleged that that individual might be a member of a  militia. The report was immediately pulled when outrage was expressed however the DHS has never fully denied adopting those standards as a basis for creating surveillance files on potential future threats even if the Americans in question had never posed a threat or committed any crime. When the mainstream media and elites within both political parties were confronted with the joint outrage of civil libertarians and those who were the subject of the report the reply was simple:

It’s okay, because he’s black.

The idea of a massive stimulus to bail the economy out of its doldrums was railroaded through the Democrat controlled House and Senate for over $800 billion was a payoff to unions, government employees at the Federal and State level, and select donors who owned companies with the inside for contracts in Democratically controlled districts. The lack of a sustained economic recovery as in the past with over 4% GDP growth was blamed on George W. Bush failing to delineate to the incoming administration just how severe the economic crisis was and Republicans were blocking an effective all encompassing economic program which would help those in the most need for a recovery. Criticism was met with blunt force from the media however as those who opposed the stimulus program and other attempts to institutionalize government graft were labeled “racists”  or worse.  These false accusations and attempts to destroy the reputations of the opposition even though they quoted actual facts were praised by the media and repudiated with an anger unseen since the extremist left of the 1960′s screamed for revolution. Why was this justified and allowed to occur unchecked?

It’s okay, because he’s black.

The United States of America declared war on a sovereign nation without any justification nor action taken against our country by Libya yet this President launched a subversive campaign to kill the leader of a foreign nation in direct violation of U.S. law. The CIA and our military’s special forces were used to supply weapons, logistics, and assist NATO bombers (primarily bombers) to attack Libyan positions up to and including targeting Muammar Qaddafi even though the Federal Government denied such actions. After the conflict the United States, under orders from this administration ordered the seizure of the weapon’s cache of the Qaddafi military under the premise of presenting terrorists from obtaining the advanced weaponry from the destroyed Libyan military.

On September 11, 2012 the new Ambassador to Libya, Christopher Stevens, was killed during a terrorist assault on a consulate building in Benghazi. The cover up was not about the malfeasance of the administration by denying military assistance to save the Ambassador’s life. In fact it was more about the gun running operations illegally supplying weapons from Libya to the Syrian rebels which includes members from the very terrorist groups DHS and our national security apparatus have been warning the world about for years! The media, despite hearings which included brave whistle-blowers from the State Department ignore the fact that the President was allegedly “asleep” during the assault nor that his regime would provide adequate security despite warnings many months before. The excuse offered?

It’s okay, because he’s black.

The corruption extends far beyond the American military and domestic security departments however. The Department of Agriculture engaged in a program of blatant restitution to minorities, primarily African-Americans, who may or may not have ever been associated with, lived on, or owned a farm in their lives. The Pigford Settlement was exposed by Breitbart.com to act as a method for once again filtering taxpayer dollars to many undeserving applicants who would know a hoe from a ho. As Andrew Breitbart stood firm and countered every lawsuit and action taken against him, he was called a racist, a bigot, and a yellow journalist by many but he stood his ground. When the Republicans dared to challenge the President’s USDA on this matter, the response as to why Obama could support this settlement and promote those responsible was simple:

It’s okay, because he’s black.

Corruption.

Violations of the Constitution.

Engaging in multiple violations of Federal and State laws.

Allowing blanket secret amnesty for millions of illegals.

Forcing smaller banks out of business to support too big to fail institutions.

Enabling our enemies to expand in the Middle East and North Africa while penalizing our allies.

Further restricting our freedoms and rights with Obamacare, Executive Orders for the NLRB, EPA, USDA, etc., and imposing penalties on Americans without due process or trial.

Using the IRS to collect data, deny due process, and intimidate political appointments to reduce funding to his opposition.

Expanding domestic spying using drones, a domestic civilian military only he controls, and recording every purchase, conversation, or internet action an individual engages in without a warrant or cause.

The excuse that allows all this to happen?

It’s okay, because he’s black.

America is at the final crossroads yet by reversing the course and allowing race to be used as justification for the imposition of a leftist at best, Marxist at worst, national dictatorship where the rule of law is determined by political appointees and not the United States Constitution is at hand. We the people have a choice. If the Obama administration gets away with the current scandals plastering the media then our nation shall fall. It was historic that our nation elected its first minority but is that justification for allowing the destruction of the Republic in the process? According to the mainstream media and the elites of our nation, it is and guess why?

It’s okay, because he’s black.

Even he makes that claim now:

by John Galt
May 19, 2013 13:50 EDT

Just a quick heads up for my readers as the shortwave radio schedules in English for the spring/summer broadcasting season have been updated at the link below:

English Shortwave Radio Schedules

Enjoy the summer season as with the increasingly active sunspot cycle it would appear that things are about to get interesting on the shortwave bands.

by John Galt
May 17, 2013 11:15 EDT

The news from Europe and the so-called successful European Union continues on a dire path, now with the tiny nation of Slovenia following in the footsteps to slavery and a Panzerbank march to seize control of the nation’s wealth. The economic Blitzkrieg that Germany’s favorite Marxist, Herr Merkel, is executing would make Rommel jealous as now Slovenia is in precisely the same danger as Greece was in 2009. This is not a surprise as I warned on March 27th of this year in the article “Slovenia is the Next Crisis for the Dysfunctional European Union“, that indeed Slovenia was next on the list of European nations to fall. Of course Hungary still has a chance to beat them to the punch.

From the website EuroNews this afternoon:

Slovenia’s shaky banks bring a downgrade from Fitch

In the story it is pointed out that Fitch cited the banking sector was still at risk and in reality referring to previous entries, the entire banking sector of Southern Europe is in danger thanks to horrid practices and risks due to deteriorating real estate portfolios. The situation is starting to creep into the so-called stronger nations like Austria so as the downgrades accelerate while American investors snooze, watch out for the big bad ass Black Swan to fly north from the Med and into the headlines once again.

by John Galt
May 17, 2013 15:00 EDT

Normally the news from Tampa is bizarre, almost Jerry Springer like. For once I can share a video that will make everyone feel good:

Thank you Lt. Colonel Adams for your service and your family for the sacrifices they have made.

by John Galt
May 16, 2013 09:45 EDT

I just love a book or movie with a happy ending. No further commentary is necessary so enjoy!

 (h/t Fisher over at TB2K)

by John Galt
May 16, 2013 21:30 EDT

As the world turns and Obama twists in the wind, the cowardly creatures with such cute little nicknames like “Rino” and “Coward” and “F***ing Assh***s,” went to work behind the back of conservative voters and the party which put them into power to cut a deal in the House of Representatives for a comprehensive immigration reform bill, er, illegal alien amnesty. From such famous cowardly creatures like John Boehner this is not a surprise but the timing is about as stupid as humanly possible because the Republicans had a chance to take back the momentum  from the regime and weaken their positions on much more important issues.

When the Reuters story first flashed on my screen, the revulsion and acid reflux hit my system immediately:

U.S. House lawmakers reach tentative deal to revamp immigration

From the story linked above:

The breakthrough came at the end of a two-hour private meeting of seven Republican and Democratic negotiators. The eighth negotiator in this so-called House Gang of Eight was unavailable after undergoing surgery on Wednesday.

The final sticking point, according to congressional sources, was over whether illegal immigrants now in the United States who gain legal status under the bill could participate in the new healthcare law known as “Obamacare,” which Republicans want to repeal.

None of the negotiators would comment on how the matter was resolved. Nor would they provide other details of the deal.

Seriously? The Republicowards who were supposedly seeking to repeal Obamacare cut a deal with the most untrustworthy anti-American group of souls in the country known as “Democrats” and found common ground? With only two Republicans of the seven known Republican participants, John Boehner and Mario Diaz-Balart (R-FL), it will be interesting once it is discovered who the other five were and which districts they represent.

The warnings have been issued for years now but voters are too stupid, lazy, or gullible to do what needs to be done. The removal of the old guard for both political parties must begin immediately or the Republic will fall.

by John Galt
May 15, 2013 19:00 EDT

Uh, this sounds a lot like 2008 or 2009. The Central Arizona Bank in Scottsdale, AZ did not even open THIS MORNING!!!! The bank was seized last night with little warning and instead of seizing the parent company in total (Capitol Bank Holdings, Lansing, MI) this one unit was suddenly seized Tuesday night and shut down. Something does not smell right as it has always been EXTREMELY RARE for a bank to be shut down on a weekday evening other than Fridays.

From the FDIC website:

Western State Bank, Devils Lake, North Dakota, Assumes All of the Deposits of Central Arizona Bank, Scottsdale, Arizona

FOR IMMEDIATE RELEASE
May 14, 2013

Central Arizona Bank, Scottsdale, Arizona, was closed today by the Arizona Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Western State Bank, Devils Lake, North Dakota, to assume all of the deposits of Central Arizona Bank.

The sole former branch of Central Arizona Bank will reopen tomorrow as a branch of Western State Bank during its normal business hours. Depositors of Central Arizona Bank will automatically become depositors of Western State Bank.  Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.  Customers of Central Arizona Bank should continue to use their current branch until they receive notice from Western State Bank that systems conversions have been completed to allow full-service banking at all branches of Western State Bank.

 

This evening depositors of Central Arizona Bank can access their money by writing checks or using ATM or debit cards.  Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.

 

As of March 31, 2013, Central Arizona Bank had approximately $31.6 million in total assets and $30.8 million in total deposits.  In addition to assuming all of the deposits of the failed bank, Western State Bank agreed to purchase essentially all of the failed bank’s assets.

 

Customers with questions about today’s transaction should call the FDIC toll-free at 1-800-423-6395. The phone number will be operational this evening until 9:00 p.m., Mountain Time (MT), and thereafter from 9:00 a.m. to 6:00 p.m., MT. Interested parties also can visit the FDIC’s Web site at http://www.fdic.gov/bank/individual/failed/centralaz.html

 

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $8.6 million.  Compared to other alternatives, Western State Bank’s acquisition was the least costly resolution for the FDIC’s DIF.  Central Arizona Bank is the 13th FDIC-insured institution to fail in the nation this year, and the second in Arizona.  The last FDIC-insured institution closed in the state was Gold Canyon Bank, Gold Canyon, on April 5, 2013.

Something seriously does not smell right here. What records did this bank hold relating to Fast and Furious or one of the other scandals that needed to be sealed?

19:26 ET….

One more thing:

If the Feds needed to use a bank for laundering funds for Fast and Furious in AZ, this is a good location and small enough to not attract suspicion.

Just sayin’…

by John Galt
May 14, 2013 21:00 EDT

There is this running theory in politics and business that if one works within the Kissinger-Rockefeller sphere of influence, that lucky soul has immunity from any event as long as the individual continues to work for the benefit of the greater globalist financial cabal. Apparently the Teflon coating is still quite intact and functional for the former Secretary of the Treasury as the scandals which happened under his watch continue to explode with fresh headlines on the front pages of newspapers and the internet on a daily basis.

Timothy Geithner is best known as one of the most important Obama appointments to leave after the first term, yet his recent career moves seem to suggest a propensity to abandon ship after the vessel has struck an iceberg and taken on inordinate amounts of water. This was not the case in his early career where he cut his teeth on domestic and international political economics as a consultant with Kissinger and Associates. The biography continues with his career in government starting in 1988 with a stint as an attaché within the Treasury Department for International Affairs in Tokyo. In 2001 his work shifted to the IMF, a notoriously corrupt financial institution, before returning to work within the United States financial system exclusively.

The rat became CEO of the most powerful branch of the Federal Reserve Banks, as the New York branch was directly in control of so many aspects of our financial system from establishing authorized Primary Dealers for Treasury Bond auctions to oversight of every financial institution headquartered within the New York area including Wall Street. It was that role during the housing crisis which began in late 2006/early 2007 culminating in an economic crash and financial crisis in throughout 2008 and most of 2009 where his role and actions or lack thereof became glaringly obvious.

As financial institutions began to hide problems with their MBS (Mortgage backed security) portfolios and the derivative instruments affiliated with those investments, the Federal Reserve Bank of New York (FRBNY) under Geithner sprang into action and immediately began to work with the larger institutions to cover up the evidence of their malfeasance. While numerous bloggers and the occasional act of journalism started to report on the severity of the coming crisis in 2007, the FRBNY began to work with Bernanke and Secretary of the Treasury Hank Paulson to find taxpayer funding if necessary and creative accounting methods to cover the losses which were expanding exponentially on a monthly basis. During Geithner’s reign as head of the FRBNY the number of CEO’s, COO’s, and CFO’s penalized or prosecuted for securities violations and breaking the financial services laws which the Fed had responsibility for enforcement was zero and to this date remains ZERO.

The election of President Obama in November of 2008 in the midst of the worst economic crisis since the Great Depression gave Geithner the opportunity to abandon the sinking ship of Wall Street and the crisis the Federal Reserve found itself in and shift his power base to Washington, D.C. where his arrival as Treasury Secretary nominee will never be forgotten by any taxpayer.

Needless to say the Democratic Party’s excuse machine and the less than a coward vigilance of the Republicans guaranteed that Mr. Geithner’s “oversight” would be dismissed and he would become the Secretary of the Treasury. From there the illegal actions of the Obama administration during the seizure of General Motors and Chrysler from their respective bondholders was ushered through by strong arming lawmakers into silence while using his financial connections along with the lawyers from the Department of Justice to convince the world that the 5th Amendment did not apply to the bondholders because of the severity of the American economic decline.

Fast forward to the newly revealed abuses by the Internal Revenue Service regarding not just the deliberate delays and inquiries into Jewish, Tea Party, educational, and Conservative groups, but the illegal disclosure of confidential information to leftist media outlets as revealed by Breitbart  today. For those ‘low information voters’ who might be perusing these pages for the first time, the Secretary of the Treasury is the ‘boss’ over the IRS. Amazingly enough as Timothy Geithner is now in private life, not one media outlet, not even the vaunted Fox News has dared to ask the question that really matters to the latest revelations:

How is that every time there is a major scandal, be it financial, legal, or political, the person in charge of that department or agency is always in private life again shielded by Executive Privilege and never forced to answer for his actions or inaction?

The one continuing thread since the emergence of the financial crisis in 2007 to the front pages of our media until the events at the IRS revealed last week is that the person in charge, Timothy Geithner, is never questioned, never subpoenaed, nor ever charged with any culpability no matter the carnage left behind. Strange isn’t it, that this rat always seems to escape just as the scandals begin to emerge.

by John Galt
May 14, 2013 05:45 EDT

On September 11, 2011 yours truly posted the article at the link below:

The Future of the Capitalist World is Controlled by 2 Students of Marx

There were many comments via email that I was nuts. The sources were dubious according to their understanding and that I was simply looking to place the “Communist” tag on anyone who had a different worldview than I held. In the article I was quoting sources in Germany which warned about her past involvement with the Communist Party and her interesting work for the German Democratic Republic (GDR) while a member of the party.

Fast forward to the Financial Times publishing an innocuous looking article last night:

Merkel faces scrutiny over Communist past

In the article (subscription/registration required to read) by Peter Ehrlich it is stated:

“She was responsible for brainwashing in the favour of Marxism”, Günther Krause, a former minister and ally from the chancellor’s Christian Democrats, says in the book.

While that might sound shocking, her response about the membership in the party and various organizations being for “social purposes” does not hold water when one remembers her education at the University of Moscow and further indoctrination into the Communist Party ways by the Soviet Union apparatus. What is more terrifying is the fact her father used the church to find dissidents and turn them into the Stasi in exchange for political favors which indeed may have put Ms. Merkel on the fast track to a collegiate career and ultimately a higher standing withing the East German Communist Party.

Naturally to retain the balance of power in her current political party’s favor, the responses were swift from her political allies in Berlin:

Senior Christian Democrats rallied to Ms Merkel’s defence on Monday. “Angela Merkel was a young person”, Julia Klöckner, head of the CDU in Rhineland-Palatinate, told reporters.

Yeah, I’m sure that defense holds water with all of the terminally stupid who fail to realize that they are trusting people like Merkel and Obama with their nation’s economies and neither of them will take responsibility for any accounting or their actions in the past, present, or future.

by John Galt
May 20, 2013 16:30 EDT

The Mayor of New York, America’s Jewish Himmler wannabe must be furious that his empire is under assault with the revelation that the reporters at the company which bears his name were allegedly illegally snooping into the actions and activity of Bloomberg terminal users:

Bloomberg: Yes, reporters had access to client data

The CNET News story at the link above by Lance Whitney indicates that the reporters had limited access to a user’s data. Of course that comes from the people at Bloomberg so judge that for oneself:

“There was good reason for this,” Winkler said, “as our reporters used to go to clients in the early days of the company and ask them what topics they wanted to see covered. Understanding how clients used the terminal was more important then. We still do that today, which is why we have feedback tabs on our news-related terminal functions.”

Winkler stressed that reporters had no access to trading, portfolio, or stock monitoring systems. They were unable to see the stories being read by or the stocks being researched by the firm’s clients, nor could they peek at messages sent from one client to another. Further, Bloomberg reporters sign a confidentiality agreement that prevents them from disclosing any non-public information in their news stories.

 

The obvious questions becomes what if a reporter contacted a competitor with some piece of information for feedback or verification on an exclusive story, is there really any check or balance within the Bloomberg newsroom to verify that the confidentiality agreement was being upheld? The extremely liberal nature of the news, especially relating to social issues or the current administration’s actions, should cause the viewer of Bloomberg Television and readers of their website to cast a wary eye on any response regarding this scandal. Remember when it comes to the financial or mainstream media, often one and the same, trust but verify.

The challenge for those of us in the stands sipping beer and eating popcorn as the circus gets larger and louder will be to see if the Obama administration, a long time friend of the Mayor and his corrupt regime in New York City, will begin an investigation into potential violations of Federal Wiretapping laws. The law on this matter is fairly cut and dry with the pertinent information highlighted in red for my readers to review.

From Cornell University Law School’s website:

  18 USC § 2511 – Interception and disclosure of wire, oral, or electronic communications prohibited

(1) Except as otherwise specifically provided in this chapter any person who—

(a) intentionally intercepts, endeavors to intercept, or procures any other person to intercept or endeavor to intercept, any wire, oral, or electronic communication;