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Wednesday, September 19, 2018
End-Times Persecution? World's Largest Country Is Destroying 1000s Of Crosses And Bibles
Many Christians in the western world don’t even realize that the persecution of the end times has already started. All over the world, Christians are being attacked, Bibles are being burned and churches are being shut down. This persecution has been escalating for quite some time, but what prompted me to write this article today was the dramatic change that we have witnessed in China this year. Up to this point, the Chinese government has largely tolerated the booming house church movement, but now that era of toleration is officially over. New religious regulations that went into effect in February are being brutally enforced, and this is causing some to point out the frightening parallels between Communist China and Nazi Germany.
According to Fox News, during this new crackdown Chinese government officials have been “destroying crosses, burning bibles, closing churches and forcing Christian believers to sign papers renouncing their faith”…
The Chinese government is destroying crosses, burning bibles, closing churches and forcing Christian believers to sign papers renouncing their faith as the crackdown on religious congregations in Beijing and several provinces intensifies.
The suppression of religious freedoms is part of an official campaign to “Sinicize” religion by demanding loyalty to the atheist Communist party and removing any potential challenge to the party’s power in the country.
Doesn’t that sound quite similar to Nazi Germany and other tyrannical regimes?
If Christians refuse to sign these papers, they could lose their jobs or be cut off from all government benefits.
So let us pray for strength for our brothers and sisters in China, because many of them will be confronted with some very hard choices.
According to the Express, authorities have also “raided Christian homes to remove religious symbols, arrested church members and seized churches”. In Henan province alone, more than 7,000 crosses have been destroyed, but other than Fox News most of the mainstream media outlets in the United States have been completely silent about this very important story.
You can see some footage of Bibles being burned in China on Twitter right here. This is evil on a level that is hard to describe, and it seems to be getting worse with each passing month.
Earlier this month, one pastor was heartbroken after authorities burned crosses, Bibles and furniture after a raid on his church…
More
According to Fox News, during this new crackdown Chinese government officials have been “destroying crosses, burning bibles, closing churches and forcing Christian believers to sign papers renouncing their faith”…
The Chinese government is destroying crosses, burning bibles, closing churches and forcing Christian believers to sign papers renouncing their faith as the crackdown on religious congregations in Beijing and several provinces intensifies.
The suppression of religious freedoms is part of an official campaign to “Sinicize” religion by demanding loyalty to the atheist Communist party and removing any potential challenge to the party’s power in the country.
Doesn’t that sound quite similar to Nazi Germany and other tyrannical regimes?
If Christians refuse to sign these papers, they could lose their jobs or be cut off from all government benefits.
So let us pray for strength for our brothers and sisters in China, because many of them will be confronted with some very hard choices.
According to the Express, authorities have also “raided Christian homes to remove religious symbols, arrested church members and seized churches”. In Henan province alone, more than 7,000 crosses have been destroyed, but other than Fox News most of the mainstream media outlets in the United States have been completely silent about this very important story.
You can see some footage of Bibles being burned in China on Twitter right here. This is evil on a level that is hard to describe, and it seems to be getting worse with each passing month.
Earlier this month, one pastor was heartbroken after authorities burned crosses, Bibles and furniture after a raid on his church…
More
Tuesday, September 18, 2018
One of 1st Female Marine Grunts Faces Separation After Marrying Lance Corporal
One of the first women to become an infantry Marine is facing an other-than-honorable discharge after having a relationship with a subordinate in her new unit.
Cpl. Remedios Cruz, a rifleman with 1st Battalion, 8th Marines, pleaded guilty to fraternization as part of a pre-trial agreement after leaders discovered she'd married a lance corporal with whom she had a romantic relationship, officials confirmed.
A decision about whether Cruz, who was busted down in rank from sergeant, will be separated from the Marine Corps could come in days, said Maj. Jordan Cochran, a spokesman for II Marine Expeditionary Force. Cruz's case was first reported Wednesday by The New York Times.
Cruz was accused of adultery, larceny and fraternization, he said.
She pleaded guilty to fraternization during non-judicial punishment to avoid facing court-martial. She also waived her right to an administrative discharge board as part of the pre-trial agreement, Cochran said.
Cruz could not immediately be reached for comment. She told the Times she was ready to move on from the Marine Corps.
"The biggest mistakes I've made in the infantry were from my personal relationships," she said.
More
Cpl. Remedios Cruz, a rifleman with 1st Battalion, 8th Marines, pleaded guilty to fraternization as part of a pre-trial agreement after leaders discovered she'd married a lance corporal with whom she had a romantic relationship, officials confirmed.
A decision about whether Cruz, who was busted down in rank from sergeant, will be separated from the Marine Corps could come in days, said Maj. Jordan Cochran, a spokesman for II Marine Expeditionary Force. Cruz's case was first reported Wednesday by The New York Times.
Cruz was accused of adultery, larceny and fraternization, he said.
She pleaded guilty to fraternization during non-judicial punishment to avoid facing court-martial. She also waived her right to an administrative discharge board as part of the pre-trial agreement, Cochran said.
Cruz could not immediately be reached for comment. She told the Times she was ready to move on from the Marine Corps.
"The biggest mistakes I've made in the infantry were from my personal relationships," she said.
More
Former Illegal Alien Wins NY Assembly Primary in Foreign-Born Populated District
A woman who came to the United States as an illegal alien has won the Democratic primary for New York’s District 39 in the State Assembly.
Catalina Cruz, 35-years-old of Colombia, beat out her opponent for the Democratic nomination for the assembly seat, which encompasses Jackson Heights, Corona, and Elmhurst – three neighborhoods in Queens, New York.
Cruz came to the U.S. as an illegal alien with her mother from Colombia in 1992 and eventually was able to obtain a Green Card in 2005. In 2009, Cruz became a U.S. naturalized citizen.
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Catalina Cruz, 35-years-old of Colombia, beat out her opponent for the Democratic nomination for the assembly seat, which encompasses Jackson Heights, Corona, and Elmhurst – three neighborhoods in Queens, New York.
Cruz came to the U.S. as an illegal alien with her mother from Colombia in 1992 and eventually was able to obtain a Green Card in 2005. In 2009, Cruz became a U.S. naturalized citizen.
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"We're Going To Unmask You": James O'Keefe Set To Expose Deep State With New Investigation
Investigative Journalist James O’Keefe is set to make public a new investigation that will “unmask” and “put a face to the individuals who seek to disturb the fabric of our Republic.”
The investigation was teased in a 30-second trailer released on Friday under O’Keefe’s non-profit organization, Project Veritas.
More
The investigation was teased in a 30-second trailer released on Friday under O’Keefe’s non-profit organization, Project Veritas.
It has become necessary to unmask, to personify, and to put a face to the individuals who seek to disturb the fabric of our Republic. In order to do that, we must expose them with their own words. See more: projectveritas.com/2018/09/14/unm…
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Best Questions to Ask on a First Date
Engaging in small talk with anyone can be a little nerve-racking — you’re on an improv stage for two, and have to think of things to say on the fly, avoid awkward silences, and come off as at least moderately charming to boot.
Engaging in small talk on a first date can be especially anxiety-ridden. While unspoken, you’re being actively evaluated on your attractiveness (both in personality and looks). It’s like a “job” interview for the position of potential significant other. Ace it, and it could be the start of a lifelong love affair. Blow it, and you might never see that someone special again.
No pressure, right?
As an aid in being successful at this kind of high-stakes small talk, you can find plenty of lists out there which suggest good questions to ask someone on a first date.
These lists tend to fall into two categories: basic, stock questions (“Where are you from?” “What do you do for fun?”), and more unique, out-there questions (“If you could only bring 3 things with you on a desert island, what would they be?”).
The problem with the first set of questions is that they’re boring; if someone is dating a lot, they get tired of being asked if they like their job and how many siblings they have. The problem with the second set, is that they can seem pretty random — and overly scripted — if you just drop them into conversation.
Fortunately, it doesn’t have to be an either-or equation. There’s a better way to ask first date questions that incorporates both types of them
More
Engaging in small talk on a first date can be especially anxiety-ridden. While unspoken, you’re being actively evaluated on your attractiveness (both in personality and looks). It’s like a “job” interview for the position of potential significant other. Ace it, and it could be the start of a lifelong love affair. Blow it, and you might never see that someone special again.
No pressure, right?
As an aid in being successful at this kind of high-stakes small talk, you can find plenty of lists out there which suggest good questions to ask someone on a first date.
These lists tend to fall into two categories: basic, stock questions (“Where are you from?” “What do you do for fun?”), and more unique, out-there questions (“If you could only bring 3 things with you on a desert island, what would they be?”).
The problem with the first set of questions is that they’re boring; if someone is dating a lot, they get tired of being asked if they like their job and how many siblings they have. The problem with the second set, is that they can seem pretty random — and overly scripted — if you just drop them into conversation.
Fortunately, it doesn’t have to be an either-or equation. There’s a better way to ask first date questions that incorporates both types of them
More
'No evidence' having high levels of bad cholesterol causes heart disease
No evidence exists to prove that having high levels of bad cholesterol causes heart disease, leading physicians have claimed.
Researchers have warned statins - cholesterol-busting drugs - offer no protection to millions of people and doctors should 'abandon' them.
The findings add fuel to the ever-growing, controversial row over statins, as cardiologists continue to disagree on whether the cheap pills have any benefit.
Experts do agree that for people who already have a high heart risk - particularly those who have already had a heart attack or a stroke - statins are proven lifesavers, slashing the chance of a second attack.
High levels of LDL-C, known as bad cholesterol, has been considered a major cause of heart disease - the world's leading killer - for at least 50 years.
More
Researchers have warned statins - cholesterol-busting drugs - offer no protection to millions of people and doctors should 'abandon' them.
The findings add fuel to the ever-growing, controversial row over statins, as cardiologists continue to disagree on whether the cheap pills have any benefit.
Experts do agree that for people who already have a high heart risk - particularly those who have already had a heart attack or a stroke - statins are proven lifesavers, slashing the chance of a second attack.
High levels of LDL-C, known as bad cholesterol, has been considered a major cause of heart disease - the world's leading killer - for at least 50 years.
More
Congressman Andy Harris Receives NFIB Guardian of Small Business Award
Jon Kurrle, Vice President of Federal Government Relations, awarded Congressman Harris with the NFIB Guardian of Small Business Award on behalf of the congressman’s “strong small business voting record in the 115th Congress” and his “support of small business and free enterprise.” The Congressman received the NFIB Guardian of Small Business Award three times previously during the 112th, 113th, and 114th Congressional Terms. This will be his fourth consecutive Congressional term receiving the award.
Congressman Harris issued the following statement upon receiving the award:
“I am honored to receive the NFIB Guardian of Small Business Award from the National Federation of Independent Business. The NFIB is a strong advocate for small businesses across America. Small businesses, entrepreneurs, and innovators are the backbone of our country and employ the majority of our workforce. For many people, owning their own business is part of the American Dream. I will continue to support efforts to reduce the tax and regulatory burdens faced by our small employers.”
Republicans push to give your savings account a tax cut
House Republicans, having cut taxes on business income and individual earnings, are now looking to cut them on savings, through new universal savings accounts.
The House GOP attached the accounts, allowing individuals to save up to $2,500 annually on a tax-privileged basis, to what they are calling “Tax Reform 2.0" — a permanent extension of the individual-side tax cuts included in the December tax law.
House Republicans advanced the legislation through the Ways and Means Committee last week. The legislative package isn’t expected to reach President Trump’s desk this year, but the inclusion of the savings accounts sets up a future GOP Congress to enact them and transform the way Americans save.
More
The House GOP attached the accounts, allowing individuals to save up to $2,500 annually on a tax-privileged basis, to what they are calling “Tax Reform 2.0" — a permanent extension of the individual-side tax cuts included in the December tax law.
House Republicans advanced the legislation through the Ways and Means Committee last week. The legislative package isn’t expected to reach President Trump’s desk this year, but the inclusion of the savings accounts sets up a future GOP Congress to enact them and transform the way Americans save.
More
Hey, dregs of society! Joe Biden wants your vote
You'd think Democrats would have learned their lesson about the electoral hazards of denigrating large numbers of voters. Hillary Clinton, for one, should have with her "deplorables" descriptor about Donald Trump's voters. She didn't, even after the example of the GOP's Mitt Romney, who lost his election with his off-the-record "47%" remark.
Now here comes Joe Biden.
Sure enough, he just came out denouncing President Trump's voters again, this time calling them the "dregs of society" to a gay special interest group that opposes Trump on Saturday.
Get a load of the pious tears and flapdoodle:
"Forces of intolerance remain determined to undermine and roll back the progress you have made," the former vice president warned his audience.
More
Now here comes Joe Biden.
Sure enough, he just came out denouncing President Trump's voters again, this time calling them the "dregs of society" to a gay special interest group that opposes Trump on Saturday.
Get a load of the pious tears and flapdoodle:
"Forces of intolerance remain determined to undermine and roll back the progress you have made," the former vice president warned his audience.
More
Judge Nap: ‘Another Version of the Clarence Thomas-Anita Hill Hearings’
Monday, senior judicial analyst Andrew Napolitano reacted on “Fox & Friends” to President Donald Trump’s Supreme Court associate justice nominee Brett Kavanaugh’s sexual assault allegations brought by Christine Blasey Ford, saying Kavanaugh’s hearings will be “another version” of the Clarence Thomas-Anita Hill hearings.
“[W]e’re going to see another version of the Clarence Thomas-Anita Hill hearings right before our eyes, sometime in the next few weeks, maybe as soon as Thursday,” Napolitano said.
He added, “This is a classic he said-she said. So, she’ll come before the Senate Judiciary Committee, she’ll make these allegations. The Democrats will throw her softballs, the Republicans will grill her and cross-examine her.”
More
“[W]e’re going to see another version of the Clarence Thomas-Anita Hill hearings right before our eyes, sometime in the next few weeks, maybe as soon as Thursday,” Napolitano said.
He added, “This is a classic he said-she said. So, she’ll come before the Senate Judiciary Committee, she’ll make these allegations. The Democrats will throw her softballs, the Republicans will grill her and cross-examine her.”
More
An Obituary printed in the London Times.....Absolutely Dead Brilliant!!
Today we mourn the passing of a beloved old friend, Common Sense, who has been with us for many years.
No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape. He will be remembered as having cultivated such valuable lessons as:
- Knowing when to come in out of the rain;
- Why the early bird gets the worm;
- Life isn't always fair;
- And maybe it was my fault.
Common Sense lived by simple, sound financial policies (don't spend more than you can earn) and reliable strategies (adults, not children, are in charge).
His health began to deteriorate rapidly when well-intentioned but overbearing regulations were set in place. Reports of a 6-year-old boy charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition.
Common Sense lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly children.
It declined even further when schools were required to get parental consent to administer sun lotion or an aspirin to a student; but could not inform parents when a student became pregnant and wanted to have an abortion.
Common Sense lost the will to live as the churches became businesses; and criminals received better treatment than their victims.
Common Sense took a beating when you couldn't defend yourself from a burglar in your own home and the burglar could sue you for assault.
Common Sense finally gave up the will to live, after a woman failed to realize that a steaming cup of coffee was hot. She spilled a little in her lap, and was promptly awarded a huge settlement.
Common Sense was preceded in death,
-by his parents, Truth and Trust,
-by his wife, Discretion,
-by his daughter, Responsibility,
-and by his son, Reason.
He is survived by his 5 stepbrothers;
- I Know My Rights
- I Want It Now
- Someone Else Is To Blame
- I'm A Victim
- Pay me for Doing Nothing
Not many attended his funeral because so few realized he was gone. If you still remember him, pass this on. If not, join the majority and do nothing.
No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape. He will be remembered as having cultivated such valuable lessons as:
- Knowing when to come in out of the rain;
- Why the early bird gets the worm;
- Life isn't always fair;
- And maybe it was my fault.
Common Sense lived by simple, sound financial policies (don't spend more than you can earn) and reliable strategies (adults, not children, are in charge).
His health began to deteriorate rapidly when well-intentioned but overbearing regulations were set in place. Reports of a 6-year-old boy charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition.
Common Sense lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly children.
It declined even further when schools were required to get parental consent to administer sun lotion or an aspirin to a student; but could not inform parents when a student became pregnant and wanted to have an abortion.
Common Sense lost the will to live as the churches became businesses; and criminals received better treatment than their victims.
Common Sense took a beating when you couldn't defend yourself from a burglar in your own home and the burglar could sue you for assault.
Common Sense finally gave up the will to live, after a woman failed to realize that a steaming cup of coffee was hot. She spilled a little in her lap, and was promptly awarded a huge settlement.
Common Sense was preceded in death,
-by his parents, Truth and Trust,
-by his wife, Discretion,
-by his daughter, Responsibility,
-and by his son, Reason.
He is survived by his 5 stepbrothers;
- I Know My Rights
- I Want It Now
- Someone Else Is To Blame
- I'm A Victim
- Pay me for Doing Nothing
Not many attended his funeral because so few realized he was gone. If you still remember him, pass this on. If not, join the majority and do nothing.
Breaking News: The Brooklyn Diocese paid $27.5 million to 4 men sexually abused by a religion teacher in one of the largest settlements by the Catholic Church.
The settlement comes two weeks after the New York State attorney general announced a statewide civil investigation into sex abuse within the Catholic Church and its cover-up by church leaders.
Read More »
Four men who were repeatedly sexually abused as children by a religion teacher at a Catholic church in Brooklyn received a $27.5 million settlement. The settlement comes two weeks after the New York State attorney general announced a statewide civil investigation into sex abuse within the Catholic Church and its cover-up by church leaders.Read More » |
Baltimore's 'No. 1 trigger puller' on trial for racketeering
The man police called Baltimore’s “No. 1 trigger puller” is set to go on trial as part of a federal racketeering case against a gang accused in 10 unsolved killings.
Montana Barronette, along with 9 other men, is accused of being a member of vicious street gang “Trained to Go” – reportedly an offshoot of the Black Guerrilla Family.
The 23-year-old Barronette was arrested more than two years ago in connection to a 2014 murder, which was just one of up to a dozen homicides police believed he was behind, Fox Baltimore reported in August 2016.
More
Montana Barronette, along with 9 other men, is accused of being a member of vicious street gang “Trained to Go” – reportedly an offshoot of the Black Guerrilla Family.
The 23-year-old Barronette was arrested more than two years ago in connection to a 2014 murder, which was just one of up to a dozen homicides police believed he was behind, Fox Baltimore reported in August 2016.
More
For Canadian marijuana investors, coming to U.S. is a ‘crapshoot’ that can end in lifetime ban
Immigration lawyer sees ‘potential chilling effect’ on investment; investor who was banned calls it ‘one of the worst experiences of my life’
Visiting the U.S. is a “crapshoot” that could lead to a lifetime ban for foreign nationals who are invested or work in the Canadian marijuana industry, which could hurt the booming sector, immigration lawyers said Friday.
Todd Owen — a senior officer with U.S. Customs and Border Protection, or CBP, overseeing border operations — told Politico in an interview published Thursdaythat border agents would still seek to permanently ban any foreign visitor who admits to working or investing in the cannabis industry, or admits to have taken the drug, even after recreational marijuana use becomes legal in Canada on Oct. 17.
MarketWatch confirmed that stance in an email exchange with a CBP spokeswoman, who said investors could face a permanent ban from entering the U.S.
“Although medical and recreational marijuana may be legal in some U.S. states and Canada, the sale, possession, production and distribution of marijuana or the facilitation of the aforementioned remain illegal under U.S. federal law,” spokeswoman Stephanie Malin said in a statement.
More
Visiting the U.S. is a “crapshoot” that could lead to a lifetime ban for foreign nationals who are invested or work in the Canadian marijuana industry, which could hurt the booming sector, immigration lawyers said Friday.
Todd Owen — a senior officer with U.S. Customs and Border Protection, or CBP, overseeing border operations — told Politico in an interview published Thursdaythat border agents would still seek to permanently ban any foreign visitor who admits to working or investing in the cannabis industry, or admits to have taken the drug, even after recreational marijuana use becomes legal in Canada on Oct. 17.
MarketWatch confirmed that stance in an email exchange with a CBP spokeswoman, who said investors could face a permanent ban from entering the U.S.
“Although medical and recreational marijuana may be legal in some U.S. states and Canada, the sale, possession, production and distribution of marijuana or the facilitation of the aforementioned remain illegal under U.S. federal law,” spokeswoman Stephanie Malin said in a statement.
More
Andrew Gillum ‘Proud’ of Movement that Demands End to ‘Disaster Capitalism’
NEW YORK — An organization that has a close relationship with Florida Democratic gubernatorial candidate Andrew Gillum calls for an “end” to “disaster capitalism,” rants against Independence Day and spreads malicious falsehoods about Israel.
Dream Defenders Co-Director Phillip Agnew recently described a long and close working and personal relationship with Gillum and said he considers Gillum to be “part of the movement.” Dream Defenders Action Fund, the electoral and c4 nonprofit arm of Dream Defenders, was part of a progressive coalition that reportedly committed $3.5 million to help Gillum win the Democratic primary against Gwen Graham.
Gillum himself said in June that he is “pleased and proud” to have snuck food to Dream Defenders activists during a 30-day sleep-in protest at the Florida State Capital, referring to a 2013 month-long anti-gun protest in the wake of the Trayvon Martin shooting. “I hope you keep at it,” Gillum said of Dream Defenders activism during a June event.
More
Dream Defenders Co-Director Phillip Agnew recently described a long and close working and personal relationship with Gillum and said he considers Gillum to be “part of the movement.” Dream Defenders Action Fund, the electoral and c4 nonprofit arm of Dream Defenders, was part of a progressive coalition that reportedly committed $3.5 million to help Gillum win the Democratic primary against Gwen Graham.
Gillum himself said in June that he is “pleased and proud” to have snuck food to Dream Defenders activists during a 30-day sleep-in protest at the Florida State Capital, referring to a 2013 month-long anti-gun protest in the wake of the Trayvon Martin shooting. “I hope you keep at it,” Gillum said of Dream Defenders activism during a June event.
More
"What Keeps Them Up At Night?"
“Government has coddled, accepted, and ignored white collar crime for too long. It is time the nation woke up and realized that it’s not the armed robbers or drug dealers who cause the most economic harm, it’s the white collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most. They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives.” – Harry Markopolos, Madoff Whistleblower
The tenth anniversary of the Wall Street created financial catastrophe brought back some bittersweet memories this week. I wrote my first articles during the summer/fall of 2008 for Seeking Alpha. They included: Is The U.S Banking System Safe? (Aug 2008), The Great Consumer Crash of 2009 (Aug 2008), Looming Financial Catastrophe: A Real Inconvenient Truth (Aug 2008), Is Wachovia the Worst Run Bank in America (Sept 2008), The U.S. on the Precipice (Sept 2008), On Board the U.S.S. Titanic (Sept 2008), Our Coming Depression (Oct 2008), among others. I was pumping out 5,000 word articles every 2 or 3 days.
I was full of piss and vinegar. I was outraged by the actions taken by Paulson, Bernanke and Bush in bailing out criminal bankers with our money. This ensemble of accurate and acerbic articles led to requests for appearances on Glenn Beck’s CNN show, Neil Cavuto’s show, and several others. My need for my day job led me to turning down the invitations. I did several radio interviews, but kept a relatively low profile.
Ten years later, I’m running low on piss and vinegar. Irrationality reigns. Abnormal is the new normal. Delusions and new paradigms rule the day. During manias it is virtually useless to try and use facts and rational arguments against propaganda, misinformation and hype. The delusional will have to be clubbed like a baby seal once again to regain some sense of reality.
During the crisis in 2009, some guy kept badgering me with emails and phone calls to appear in his documentary about the financial crisis. He had been reading all my Seeking Alpha articles and my early Fourth Turning articles tying the financial collapse to the start of our current twenty-year Crisis. His name was Steve Bannon, a former Goldman Sachs banker and obscure documentary filmmaker. My 30 seconds of fame was appearing in his excellent documentary called Generation Zero, weaving the Financial Crisis into the Fourth Turning generational theory. I wonder whatever happened to that guy.
In the midst of the crisis I had the opportunity to attend a lecture/discussion where the Assistant Secretary of the Treasury provided his false narrative about the causes of the crisis and the taxpayer funded bailout of the criminal Wall Street banks. His goal was to convince the audience the government had the best interests of the common people in mind with their $700 billion injection into insolvent Wall Street banks, who took extreme risks and blew up the world. After his initial monologue the plan was to open it up to questions from the audience.
I had told a number of people I was going to ask a question that would make him uncomfortable. After he fielded a bunch of softball questions they handed the microphone to me. I asked him if the Federal government takeover of Fanny and Freddie were nothing more than a $200 billion backdoor bailout of the Wall Street banks, since the taxpayer was forced to backstop two insolvent zombies and not forcing Wall Street bankers to incur mortgage losses.
More
The tenth anniversary of the Wall Street created financial catastrophe brought back some bittersweet memories this week. I wrote my first articles during the summer/fall of 2008 for Seeking Alpha. They included: Is The U.S Banking System Safe? (Aug 2008), The Great Consumer Crash of 2009 (Aug 2008), Looming Financial Catastrophe: A Real Inconvenient Truth (Aug 2008), Is Wachovia the Worst Run Bank in America (Sept 2008), The U.S. on the Precipice (Sept 2008), On Board the U.S.S. Titanic (Sept 2008), Our Coming Depression (Oct 2008), among others. I was pumping out 5,000 word articles every 2 or 3 days.
I was full of piss and vinegar. I was outraged by the actions taken by Paulson, Bernanke and Bush in bailing out criminal bankers with our money. This ensemble of accurate and acerbic articles led to requests for appearances on Glenn Beck’s CNN show, Neil Cavuto’s show, and several others. My need for my day job led me to turning down the invitations. I did several radio interviews, but kept a relatively low profile.
Ten years later, I’m running low on piss and vinegar. Irrationality reigns. Abnormal is the new normal. Delusions and new paradigms rule the day. During manias it is virtually useless to try and use facts and rational arguments against propaganda, misinformation and hype. The delusional will have to be clubbed like a baby seal once again to regain some sense of reality.
During the crisis in 2009, some guy kept badgering me with emails and phone calls to appear in his documentary about the financial crisis. He had been reading all my Seeking Alpha articles and my early Fourth Turning articles tying the financial collapse to the start of our current twenty-year Crisis. His name was Steve Bannon, a former Goldman Sachs banker and obscure documentary filmmaker. My 30 seconds of fame was appearing in his excellent documentary called Generation Zero, weaving the Financial Crisis into the Fourth Turning generational theory. I wonder whatever happened to that guy.
In the midst of the crisis I had the opportunity to attend a lecture/discussion where the Assistant Secretary of the Treasury provided his false narrative about the causes of the crisis and the taxpayer funded bailout of the criminal Wall Street banks. His goal was to convince the audience the government had the best interests of the common people in mind with their $700 billion injection into insolvent Wall Street banks, who took extreme risks and blew up the world. After his initial monologue the plan was to open it up to questions from the audience.
I had told a number of people I was going to ask a question that would make him uncomfortable. After he fielded a bunch of softball questions they handed the microphone to me. I asked him if the Federal government takeover of Fanny and Freddie were nothing more than a $200 billion backdoor bailout of the Wall Street banks, since the taxpayer was forced to backstop two insolvent zombies and not forcing Wall Street bankers to incur mortgage losses.
More
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