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Post  quicksilvercrescendo Tue 08 Jun 2010, 19:10

Evidence Points To BP Oil Spill False Flag

* Sales of shares and stocks in days and weeks beforehand
* Halliburton link, acquisition of cleanup company days before explosion
* BP report cites undocumented tampering with well sealing equipment
* Government uses disaster to push for Carbon Tax, Nationalization talk

Paul Joseph Watson & Alex Jones
Prisonplanet.com
Tuesday, Jun 8th, 2010

Troubling evidence surrounding the Deepwater Horizon explosion on April 20th suggests that the incident could have been manufactured.

On April 12th, just over one week before the Deepwater Horizon rig exploded, Halliburton, the world’s second largest oilfield services corporation, surprised some by acquiring Boots & Coots, a relatively small but vastly experienced oil
well control companies.

The company deals with fires and blowouts on oil rigs and oil wells. It was responsible for putting out roughly one third of the more than 700 oil well fires set in Kuwait by retreating Iraqi soldiers during the Gulf War.

The deal itself is still under scrutiny with Boots and Coots facing an ongoing investigation into “possible breaches of fiduciary duty and other violations of state law”

Where this information gets really interesting is with the fact that Halliburton is named in the majority of some two dozen lawsuits filed since the explosion by Gulf Coast people and businesses who claim that the company is to blame for the disaster.

Halliburton was forced to admit in testimony at a congressional hearing last month that it carried out a cementing operation 20 hours before the Gulf of Mexico rig went up in flames. The lawsuits claim that four Halliburton workers stationed on the rig improperly capped the well.

As the New York Times noted on May 26th, “BP officials chose, partly for financial reasons, to use a type of casing for the well that the company knew was the riskier of two options,”

Workers from the rig and company officials have said that hours before the explosion, gases were leaking through the cement, which had been set in place by the oil services contractor, Halliburton. Investigators have said these leaks were the likely cause of the explosion.”

According to a 2007 study by Minerals Management Service, cementing was a factor in 18 of 39 rig blowouts in the gulf between 1992 and 2006.

Another intriguing connection Boots and Coots has to the Deepwater Horizon explosion comes via Pat Campbell, the man BP has employed to cap the well beneath the ruined rig. Campbell worked for Boots and Coots as general manager for many years.

BP has admitted to buying Yahoo and Google keywords in an attempt to control publicly available information in the wake of the catastrophe. It seems that the company is taking all the flack for the spill while the Halliburton link is being roundly ignored.

BP’s prepared testimony briefing, which has since leaked online, also intriguingly notes that the Hydraulic Control System on equipment designed to automatically seal the well in an emergency was modified without their knowledge sometime before the explosion.

“the extent of these modifications is unknown at this time” states the report on page 37.
News in General - Page 22 08061010

Possible prior knowledge of the explosion is also evident via huge dumping of stocks and shares in the weeks and days prior to the incident.

Goldman Sachs dumped 44% of its shares in BP Oil during the first quarter – shares that subsequently lost 36 percent of their value, equating to $96 million.

Other asset management firms also sold huge blocks of BP stock in the first quarter. Though the amounts pale in comparison to Goldman’s holdings, Wachovia, owned by Wells Fargo, sold 98% of its shares in BP and Swiss bank UBS sold 97% of its BP shares.

Furthermore, as reported by the London Telegraph on June 5th, Tony Hayward, the chief executive of BP, sold £1.4 million of his shares in the fuel giant weeks before the spill.

In the days before the Deepwater explosion, Obama had announced a new effort to explore for and lease new drilling locations in the deep Gulf and in Alaska. In the wake of the disaster, these plans have been cancelled and BP is taking a PR bashing.

All of which has been capitalized on by the Obama administration to reinvigorate talk of a carbon tax and has created the opportunity to reintroduce the idea of nationalizing oil, which the Democratic leadership has long sought.

The full story of what is happening in the Gulf of Mexico is yet to emerge, there are rumours of more spills and an ongoing coverup. The site represents a $2.2 trillion source of wealth and power, a motive along with a plethora of suspicious activity that needs to be investigated further.
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Post  quicksilvercrescendo Tue 08 Jun 2010, 19:13

In their most tenacious effort to control the ‘spin’ on the worst oil spill disaster in the history, BP has purchased top internet search engine words so they can re-direct people away from real news on the Deepwater Horizon catastrophe.

BP spokesman Toby Odone confirmed to ABC News that the oil giant had in fact bought internet search terms. So now when someone searches the words ‘oil spill’, on the internet, the top link will re-direct them to BP’s official company website.

This would not be the first time that BP has tried to control information to protect the company’s public image.

Shortly after the Deepwater Horizon exploded on April 20, 2010, BP executives quickly underestimated the size of the disastrous oil spill. Some suggest they did it to avoid costly EPA per-gallon spill fines. The less oil spilled, the lower the fines.

A month into the spill, the public learned through independent science, that the spill was in fact a million gallon a day gusher. BP got caught in their own lie when the used a syphon pipe in one of the broken riser pipes and proudly proclaimed that they were capturing 5,000 barrels of oil a day. With the oil obviously still gushing, they had to up their spill rate to explain the reported discrepancy in their earlier estimates.

As the dead bodies of birds, turtles and dolphins began showing up on land, BP used a private security company as their ‘oil spill police’ to try to keep photographers and reporters away from the true death toll from their spill. Tides of black goo lapping a shore lined in corpses did not portray the company image Tony Hayward and his oil rich executives wanted.

BP can spend millions on advertising campaigns, and they can try to misdirect people on the internet. But no matter how hard BP tries or how much money they spend on public relations, they will never be able to hide the apocalypse unfolding in the Gulf of Mexico. You just can’t buy or smile your way out of a multi-billion gallon oil spill disaster.

The world is watching the Gulf of Mexico from airplanes, boats and satellite images. Sending people to the BP company website when they click on the words ‘oil spill’ is not going to erase the horrors of the Deepwater Horizon disaster, nor will the trickery of British Petroleum.
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Post  quicksilvercrescendo Tue 08 Jun 2010, 19:15

BP, other companies point fingers in oil rig blast

By MATTHEW DALY (AP) – May 10, 2010

WASHINGTON — Early finger-pointing erupted Monday among companies involved in the oil rig explosion in the Gulf of Mexico and unstopped leak of millions of gallons of oil, on the eve of the first congressional hearings into the accident.

A top American executive for BP, Lamar McKay, said a critical safety device known as a blowout-preventer failed catastrophically. Separately, the owner of the rig off Louisiana's coast said BP managed it and was responsible for all work conducted at the site. A third company defended work that it performed on the deepwater oil well as "accepted industry practice" before last month's explosion.

"We are looking at why the blowout preventer did not work because that was to be the fail-safe in case of an accident," McKay, chairman and president of BP America, said in testimony prepared for a Senate hearing Tuesday. A copy of his testimony was obtained by The Associated Press. "Transocean's blowout preventer failed to operate."

The chief executive for Swiss-based Transocean, which owned the oil rig and the blowout preventer, shifted blame to BP.

"All offshore oil and gas production projects begin and end with the operator, in this case BP," CEO Steven Newman said in his Senate testimony, also obtained by the AP. Newman said BP was responsible for submitting a detailed plan specifying where and how a well is to be drilled, cased, cemented and completed.

Newman also said BP's contractor, Halliburton Inc., was responsible for encasing the well in cement, putting a temporary plug in the top of the well and ensuring the cement's integrity. That cementing process was dictated by BP's well plan, Newman said.

A Halliburton executive, Tim Probert, said the company safely finished a cementing operation 20 hours before the rig went up in flames. Probert said Halliburton completed work on the well according to accepted industry practice and at the direction of federal regulators.

The blame-game took hold on Capitol Hill as Congress and federal investigators were to begin a series of hearings in Washington and on the Gulf Coast. Two Senate hearings were set for Tuesday, and a House hearing was scheduled for Wednesday. In Louisiana, near the disaster site, a six-member panel that includes investigators from the Interior Department and Coast Guard was to begin two days of hearings.

McKay, the BP executive, said the company wants answers itself. He disclosed that the company has at least 40 people internally investigating the accident, but he acknowledged that the cause is still a mystery. Transocean has its own investigative team, Newman said.

"We are looking at our own actions and those of our contractors," McKay wrote in his Senate testimony.

Newman said it makes no sense to suggest the blowout preventer caused the accident. He said it was ironic that attention was being focused on the blowout preventer because at the time of the explosion drilling at the site was finished.

The blowout preventer, made by Houston-based Cameron Inc., is a 450-ton piece of equipment that sits on top of the wellhead during drilling operations. It contains valves that can be closed remotely in case of an accident or increase in pressure.

"The systems are intended to be fail-safe; sadly and for reasons we do not yet understand, in this case, they were not," McKay said.

The cause of the explosion is under investigation, but lawsuits filed after the disaster have alleged it occurred when Halliburton workers improperly capped the well — a process known as cementing. Halliburton denies wrongdoing.

According to a 2007 study by the Minerals Management Service, an agency within the Interior Department, cementing was a factor in 18 of 39 rig blowouts in the gulf between 1992 and 2006.

Probert of Halliburton said the company had four workers stationed on the rig performing several tasks, including cementing — a process of applying cement and water to a pipe to prevent the wall of the hole from collapsing during drilling.

A positive pressure test was conducted after the work was finished to demonstrate the integrity of the cement job, Probert said. Transocean, the well owner, decided to continue operating the well after the cement job was completed, he said.

Probert said a "negative" pressure test, which measures the integrity of the casing seal assembly, was conducted by BP at the direction of Transocean and according to requirements of the Minerals Management Service.

After the test was completed, BP "then continued to displace the riser with seawater before the planned placement of the final cement plug, which would have been installed inside the production string and enabled the planned temporary abandonment of the well," Probert said.

Before Halliburton personnel could set the final cement plug, the explosion occurred. "As a result, the final cement plug was never set," Probert said.

David Nagel, a senior vice president and head of BP America's Washington office, emphasized in a meeting with reporters Monday that the company is making every effort to find a way to halt the spill, pay for cleanup and address claims from people that are being harmed — a theme that will be repeated by BP executives to senators.

"We want to do the right thing," Nagel said.
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Post  tgII Tue 08 Jun 2010, 23:10

Qsc, the rig was sabotaged. That info fits the crime. It was
sabotaged to take down BP.
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Post  tgII Tue 08 Jun 2010, 23:31

Lot's. First, understand sabotage is extremely difficult to
prove, that's what sabotage is. Once the sabotage has
been carried out you have deception teams that go into
action so it becomes even more difficult to uncover
forensic evidence because it has been destroyed in the
incident.

The evidence suggests the rig was taken out based on a
contract for let's say 100 million tons of carbon emissions
output. Look at the financial underpinnings, not the actual
evidence of the disaster, i.e., each worker on the rig killed
in the initial explosion was insured for ten million.

If you want more contact me through PM.
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Post  KapitanScarlet Wed 09 Jun 2010, 00:48

Tony hayward the BP CEO was interviewed in BBc breakfast news on sunday , this is one of the coldest fishes ive seen in interview, completly emotionless when grilled about the disaster (well a bbc grilling)

He repeated in a quiet controled "caring " tone that the accident was an absolute freak, that 7 points of safety were breached which he estimated was a one in 100000 to one in a million chance of happening , he said they had to improve safety standards and that they were spending a fortune putting it right

But the main thing that was not mentioned in the interview was ..............

Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.
Mr Hayward, whose pay package is £4 million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at more than £1.2million.
There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history.
His decision, however, means he avoided losing more than £423,000 when BP’s share price plunged after the oil spill began six weeks ago.
Since he disposed of 223,288 shares on March 17, the company’s share price has fallen by 30 per cent. About £40 billion has been wiped off its total value. The fall has caused pain not just for BP shareholders, but also for millions of company pension funds and small investors who have money held in tracker funds.
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Post  quicksilvercrescendo Wed 09 Jun 2010, 16:08

A little more here about...prior knowledge of problems with the rig and procedures...
http://www.prisonplanet.com/attorney-deepwater-horizon-managers-knew-about-oil-rig-problem-before-explosion.html
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Post  tgII Thu 10 Jun 2010, 01:51

Kapis, ever hear of 'Crown Agents?'

Heads up on this one and am surprised in all this alternative
research coming out now MTSAR and others are totally in
the dark on this one.

My head is spinning from the enormity of it all...
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Post  quicksilvercrescendo Thu 10 Jun 2010, 13:31

ever hear of 'Crown Agents?'

Chairman of Goldman Sachs International Was – Until Last Year – Also Chairman of BP
Washington’s Blog
June 10, 2010

Janine Wedel has written extensively on how the “shadow elite” rule the world and about the “flexians” – the movers and shakers of the shadow elite who glide across borders, and structure overlapping (and not fully revealed) roles in government, business, media, and think tanks to serve their own agendas.

Wedel says that flexians wear many hats both within and outside of government, and use their networks of contacts to influence policy – are warping our democracy and the rule of law.

Peter Sutherland is the quintessential flexian.

According to his September 2009 bio:

Peter Sutherland is chairman of BP plc (1997 – current). He is also chairman of Goldman Sachs International (1995 – current). He was appointed chairman of the London School of Economics in 2008…. Before these appointments, he was the founding director-general of the World Trade Organisation. He had previously served as director general of GATT since July 1993 ….

Sutherland resigned as BP’s chairman in 2009, but apparently still serves in various key capacities.

Sutherland is managing director – as well as chairman – of Goldman Sachs International (Goldman Sachs International is the very powerful subsidiary of the Goldman Sachs Group, of which Lloyd Blankfein is CEO). Sutherland is also an Advisory Director of the Goldman Sachs Group itself.

And he is European Chairman for the Trilateral Commission.

He has, at various times, attended meetings of the Bilderberg group.

As if that is not enough, Sutherland also serves in the following capacities (click on “Read Full Background”):

Mr. Sutherland served as an Attorney General of Ireland and also served as European Commissioner from 1985 to 1989 where he was responsible for competition policy…. He serves as the Chairman of British Petroleum, BP Amoco PLC and United Kingdom. From 1989 to 1993, he served as the Chairman of Allied Irish Bank. …. He serves as a Non-Executive Director of Telefonaktiebolaget LM Ericsson. He serves as a Director of Goldman Sachs International. He has been Member of Supervisory Board at Allianz SE since January 2010 and serves as its Member of International Advisory Board …. Mr. Sutherland served as a Non Executive Director of BP Plc since July 1995. He serves as a Member of Foundation Board of World Economic Forum. He served as an Independent Non Executive Director of National Westminster Bank PLC since January 2001. He served as an Independent Non Executive Director of The Royal Bank Of Scotland Plc from January 2001 to February 6, 2009…. In addition, he serves on the board of Allianz, Koc Holding A.S. and is a member of the advisory board of Eli Lilly…. He served as a Director of LM Ericsson Telephone Co since 1996, Ericsson SPA since 1996 and Investor AB since 1995. He served as a Non Executive Director of Royal Bank of Scotland Group plc from January 2001 to February 6, 2009.

Sutherland is – literally – like Lloyd Blankfein and Tony Hayward rolled into one. But unlike Blankfein and Hayward, he has also held numerous powerful governmental and quasi-governmental positions.
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Post  quicksilvercrescendo Fri 11 Jun 2010, 10:28

by Sterling D. Allan
On Apr. 30, the Huffington Post published a story stating:

In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made "a substantial financial bet against the Gulf of Mexico" one day before the sinking of an oil rig in that body of water.

The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice "Fabulous Fab" Tourre in which he bragged to a girlfriend that the firm was taking a "big short" position on the Gulf.

"One oil rig goes down and we're going to be rolling in dough," Mr. Tourre wrote in one email. "Suck it, fishies and birdies!"


VATICAN OFFICIAL TIED TO BP, GOLDMAN-SACHS, AND MEDIA CENSORSHIP IN THE OIL FIASCO INCREASING EVIDENCE OF FOUL PLAY
by
Sherri Kane and Leonard G. Horowitz

News unfolding from the oil crisis in the Gulf of Mexico has linked media censorship to investment bankers at Goldman Sachs (GS) stewarding the Vatican's wealth, and increasing evidence that the explosion was intended.

A near total news blackout from independent sources, and arrests of anyone caught photographing and filming the devastation, show the Halliburton-British Petrolium (BP) oil crisis is being criminally controlled, implicating some of Wall Street's heaviest hitters.

According to a report issued by frightened, yet faithful, documentary filmmaker, James Fox, interviewed from the Gulf's Grand Isles by Mel Fabregas on the Internet's Veritas Radio Show, "There is a complete media blackout" on news coverage broadcast from the region.

"They are arresting people with cameras and anyone off camera that is caught talking to a reporter," Fox testified.
Another reporter told Fox,"You call this a free country? Right here, in the United States of America, there's no freedom of press. There's no freedom of speech. They're closing down the airspace above the oil spill, so reporter's can't fly over to determine how bad these oil plumes really are."

Suspicious pieces of this deadly puzzle feature Halliburton, the world's second largest oil field services company, headquartered in Houston and Dubai, whose negligence is blamed for the timely and profitable explosion.

Three weeks before the "natural gas leak," the George Bush/Dick Cheney 9-11-linked Halliburton company negotiated the purchase of the world's largest oil-spill cleanup firm (Boots & Coots) at the exact time keen observers on Wall Street--financial intelligence agents at Goldman Sachs (GS; often called "Government Sachs")--unloaded 44% of their stock in BP.

These facts parallel the shorting of airline stocks by those in the know prior to the World Trade Center (WTC) 9-11 attacks that new scientific evidence proves were followed by building demolitions, given the red thermite incendiary powder found everywhere around ground zero.

The WTC lessor, Larry Silverstein, partnered with Lloyd Blankfein of GS in the little known Partnership for New York City (PFNYC), took out a General Electric insurance policy just six weeks before the attacks. PFNYC "partners," in charge of assessing financial damages to NYC, and reconstruction plans for the WTC, obviously "veered" insurance payoffs and additional private equity investments to Las Vegas for the construction of the 9-11 memorial--speciously called the "Veer Towers" in the "New World Center." (Watch PHARMAWHORES, the movie; 1-888-508-4787.)


Blankfein, the PFNYC Co-Chairman and GS CEO, was barraged with indictments and rising media infamy regarding Goverment Sachs's conflicting interests effectively demolishing the US economy through the "shorting" of the housing industry--scrutiny suspended by Halliburton's oil rig synchronously exploding most profitably for GS and its CEO.


GS is covertly invested in the Bush-Cheney-linked Halliburton Company according to veteran observers. GS and Halliburton both had massive financial incentives to cause the profitable explosions--the three 9-11 WTC building demolitions, and the most recent "accident" in the Gulf.

The media's gross neglect of the full extent of the crisis obviously supports GS's damage control and incriminating connections. These include Blankfein's PFNYC Co-Chairman, Rupert Murdoch, and their pernicious influence over the major networks and the PFNYC--the world's leading petrochemical-pharmaceutical-biotechnology consortium profiting from death, disease, and environmental destruction. This unholy alliance best explains the media's aversion to responsible reporting in the Gulf and elsewhere.

Besides Blankfein and Government Sachs backing stock in both BP and Halliburton, another red oil-drenched herring is Peter D. Sutherland--the outgoing Chairman of BP is also the current Non-Executive Chairman of Goldman Sachs International.

The scariest part of this whole story is that Mr. Sutherland, the man standing with one foot in GS, and the other on the burning Halliburton-BP oil rig, is the Consultor of the Extraordinary Section of the Administration of the Patrimony of the Apostolic See. In other words, Sutherland is the chief financial adviser to the Pope.


In 2010, Mr. Sutherland finished a 13-year stint as Chairman of BP, Europe's largest oil company. A former Attorney General of Ireland, he is President of the Federal Trust for Education and Research, a British think tank whose efforts might better be called corporatist indoctrination than trustworthy "education." He is Chairman of The Ireland Fund of Great Britain, and a member of the advisory council of Business for New Europe--a pro-New-World-Order European think-tank based in Britain.

From 1993-95, Sutherland was the Director-General of the World Trade Organization.

In January 2006, the current Non-executive Chairman of Goldman Sachs International, was appointed by United Nations Secretary General, Kofi Annan, as his Special Representative for Migration.

Now, ironically, Sutherland's mission impossible is to migrate marine flora and fauna, fisherman, and coastal residents out of harms way in this spreading international emergency.
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Post  tgII Sat 12 Jun 2010, 12:24

  • This whole world is going straight to Hell.


Flames, no it's not, but first, some music to relax the nerves:



Understand first that BP has been attacked and its assets sold off.

BP was the contractor, Transocean was doing the drilling and was
responsible for any 'accident', not BP. The public is being fed a line
of a shit about BP despite their insiders getting inside information.

Transocean is domiciled in ZUG, that would be Switzerland, big fucking
red flag.
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Post  tgII Mon 14 Jun 2010, 01:17

Flames, where are you?! Check this out, two young boys
fatally inject themselves using a computer-based command
and control system to take their lives.

‘Suicide by laptop’ riddle of two brilliant students found dead in hotel room

This is awesome, and I think we should use their lives as an
example rather than just feel sorry for them and their families
of their tragic loss.

What is their message to the rest of us? Think hard now.

They are telling us technology is fatally flawed and they used
technologically via computers to relay that message.
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Post  KapitanScarlet Tue 15 Jun 2010, 08:04

The question they asking the authorities in scotland is "did they stream their suicide on the internet and why " ?

Authorities = no comment at present
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Post  KapitanScarlet Tue 15 Jun 2010, 08:23


Understand first that BP has been attacked and its assets sold off.

BP was the contractor, Transocean was doing the drilling and was
responsible for any 'accident', not BP. The public is being fed a line
of a shit about BP despite their insiders getting inside information.

Transocean is domiciled in ZUG, that would be Switzerland, big fucking
red flag.

According to reports in uk ....
3 Companies embroiled in the oil spill disaster have largely escaped criticism from obamawama

As you say TG ...the Geneva based Transocean ........The owners and operators of the rig has largely escaped the obama and public wrath
And Halliburton , the us contractor formerly run by Dick Cheney......which was responsible for cementing work on the seabed has largely escaped the obama and public wrath
Then Cameron International ... the us manufacturers of the failed Blow-out preventer that was supposed to seal of the leak has largely escaped the the obama and public wrath

There were 126 people working on the deep horizon rig at the time of the explosion
Only 8 of those were BP staff, 79 of those were Transocean staff and the rest were Halliburton and other contractors
Bp owns the rights to the leaking oilfieldand leased out the deepwater rig and workers to Transocean which in turn contracted halliburton to cement the plug in the well one mile under the oceans surface

BP blamed transocean who blamed BP and halliburton

The rig was designed and built by TRansocean, but they claim their contract with bp protects them from lawsuits by injured parties onshore such as fishermen, tourist spots or local authorities affected by the spill.

TRansocean has invoked a 19th century american law to limit its liability in the disaster to 18.5 million, a fraction of the final expected compensation
Under maritime law, the rig is classified as a seagoing vessel, just like a freighter or a cruise liner, and as such, the company is filing for protection under the little used limitation of liability act of 1851, which was designed to help the american shipping industry
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Post  KapitanScarlet Tue 15 Jun 2010, 08:24

will do flames but due to its public sensitivity , im sure the media will be "filtered"
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Post  quicksilvercrescendo Tue 15 Jun 2010, 11:40

Last week, Democrat Congressman Bod Etheridge (D-NC2) attended a fundraiser headlined by Speaker Nancy Pelosi. He was asked by some students on the street whether he supported the “Obama Agenda.” He didn’t take it well.



Have another one on me...Congressman.
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Post  KapitanScarlet Wed 16 Jun 2010, 00:05

thats funny , if that happened in the uk, it would be front page on the tabloids
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Post  tgII Wed 16 Jun 2010, 00:45

Dunno who is the wiser, or more ignorant, the college student or
the congressman?

Congressmen and Senators work for corporations, they are officers
of that corporation carrying out the dictates of the corporation. Their
responsibility is first to the corporation.

The student actually thinks this abstract morally bankrupt idea of
'democracy' demands of him to approach this congressman in the
first place. His idealism is applauded, but I think he needs to go back
and get an education - and not at a university either where this morally
bankrupt and thoroughly corrupt learning will hamper his ability to
understand his actual circumstances as they are related in 'law' to this
corporation both he and the congressman both serve.

Here is what the student should have approached the congressman
with. There is an egregious bill now to politicize the twelve Federal Reserve
regional banks which historically have been off limits to the politics of
Washington. The Communist-Marxist Maxine Waters is pushing this bill
and will have catastrophic effects permanently turning Amerika into a
complete Marxist state.

  • Politicizing the Fed

    Congress seeks more control over the 12 regional banks.

    For 97 years the 12 regional banks of the Federal Reserve system have operated relatively free of political interference from Washington. The looming financial reform bill threatens that independence, not least through an effort to impose new presidential appointees at the regional banks.

    The biggest under reported threat comes from Subtitle I, Section 1801 of the House financial reform bill titled "Inclusion of Minorities and Women; Diversity in Agency Workforce." Sponsored by California Democrat Maxine Waters, the provision requires each federal financial agency, the Fed Board of Governors and the 12 regional Fed banks to "establish an Office of Minority and Women Inclusion."

    So what else is new, you say? Don't the feds already dictate racial and gender hiring? Yes, they do, through the Equal Employment Opportunity Commission and assorted other federal laws. As a matter of racial and gender diversity, the Waters provision is at best redundant.

    News in General - Page 22 Maxine_waters

    But Ms. Waters and the House are hunting bigger game—to wit, the political allocation of credit. They want to put a network of operatives at the highest level of government who are responsible for making sure that regulators put the hiring of, and lending to, minorities at the top of their priority list. The House provision makes that very clear by making each diversity officer a Presidential appointee who must be confirmed by the Senate. The post, says the bill, will be "comparable to that of other senior level staff."

    The law says this diversity czar will "ensure equal employment opportunity and the racial, ethnic and gender diversity" of the work force and senior management of these institutions. More ominously, this creature of Congress and the White House will also be charged with "increas[ing] the participation of minority-owned and women-owned businesses in the programs and contracts" of each agency and conducting "an assessment" of stated inclusion goals.

    Mull over that one for a minute. Having recently lived through a financial mania and panic caused in part by political pressure for "affordable housing," Congress will now order regulators to allocate credit by race and gender. Isn't the point of this financial reform supposed to be to make regulators better judges of systemic risks, which means focusing on financial safety and soundness? If the Waters provision passes, federal regulators will have to put racial and gender lending at the top of their watch list when they do their checks on the banks and hedge funds they are regulating.

    This is especially pernicious at the Fed regional banks, which have long operated independently of political intrusion. Federal Reserve bank presidents aren't appointed by the President precisely to avoid Treasury and White House control. They are appointed by their regional bank boards.

    However, in another threat to Fed independence, the Senate bill departs from that tradition by making the president of the New York Fed a Presidential appointee. Blame for this Congressional intrusion goes to Treasury Secretary Tim Geithner and former Goldman Sachs executive Stephen Friedman for orchestrating the selection of former Goldman economist William Dudley as Mr. Geithner's replacement at the New York Fed.

    Mr. Friedman chaired the search committee to replace Mr. Geithner even as he increased his ownership of Goldman shares. Though this violated Fed rules, Fed Vice Chairman Donald Kohn and the Board of Governors gave Mr. Friedman a conflict-of-interest waiver. Congress has now seized on this to justify putting the New York Fed chief on a Washington political leash.

    The Waters provision will also give Congress and the White House a new and powerful lever to influence the operation of the 12 regional Fed banks. Accusations of racial or gender indifference, much less outright bias, are politically deadly. With the threat of such an accusation in their holster, the Waters czars will have enormous clout to influence Fed governance and regulatory decisions, perhaps including monetary policy.

    Fed regional presidents are often the main proponents of tight monetary policy. The presence of a diversity czar is one way Congress and the White House can intimidate these regional presidents to go along with the policies they favor. No Fed bank president will want to take the risk of being hauled before Congress to answer a report that the banks under his jurisdiction aren't racially or gender sensitive enough in their lending.


The dialectic is what these operatives are manipulating to their
advantage in which the average American hasn't a clue what is
going on. There are entities racing to take complete control of
the Fed and Maxine Waters is one of their operatives.

The public debate over Fed independence has focused on
Congressional demands for an audit, but that's benign compared
to the threat of political appointees sitting on the senior staff of
the regional banks and Board of Governors
. While masquerading
as reform, the Waters and New York Fed provisions are the most
brazen attempt to hijack central bank policy since its founding
nearly a century ago.

The law will make it harder for regulators to do what ought to be
their main job, which is making sure that they don't again let a
credit mania run out of control. It's one more way in which this
much vaunted reform will make the financial system even more
politicized, and thus more vulnerable to another panic.


If Maxine Waters gets her way as an Marxist-Communist operative
buried in government, she will appoint totally incompetent people
based on race to positions of extremely important functions. This is
precisely what happened in South Africa. Infrastructure and businesses
are collapsing as well as social services and health.

Watch this video clip as the Communist-Marxist makes it known her agenda:



Waters hasn't produced anything. Has this Communist-Marxist
ever drilled or done surveys to locate oil reserves? Started up an
alternative energy firm? Designed an energy saving piece of
equipment for people? Ran a multi-billion dollar company?
Produced anything of any value anyone would buy?

NO.

These Communist-Marxist social agitators are extremely dangerous
people and they need to be replaced.

She more than likely drives around in a car and expects the tank
to be filled on demand, lives in a large home heated with natural
gas, works in a plush office heated with natural gas, flushes her shit
down a toilet using lot's of water, wipes her ass with countless rolls
of toilet paper per year, used the financial system she wants to
destroy to buy her property/ies, car etc., dines at the finest restaurants,
shops at upscale stores, and exhales carbon emissions.

Fucking arrogant Communist-Marxist hypocrite.
tgII
tgII

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Post  quicksilvercrescendo Sat 19 Jun 2010, 09:09

Execution by Firing Squad...
quicksilvercrescendo
quicksilvercrescendo

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