Whateva….

http://www.youtube.com/watch?v=KX37Jrw_dMM

Thursday January 24, 2008

FLORIDA ‘S MOST RESPECTED CONSERVATIVE, PRO-FAMILY LEADERS ENDORSE MIKE HUCKABEE FOR PRESIDENT

( Orlando, FL ) Today, the Co-Chairmen of the Florida Huckabee Faith and Values Coalition, John Stemberger and Dr. David Uth, announced that a clear consensus has been reached among pro-family leadership in Florida and that Mike Huckabee is the candidate to back for social conservatives. This was further evidenced by rock solid conservative Congressman, and former presidential candidate, Duncan Hunter’s endorsement of Governor Mike Huckabee yesterday.

Stemberger said, “A year ago, several leaders set out to build a consensus around who was the best candidate to stand for conservative, pro-life and pro-family values. While it has taken us a while to get here, we are proud to announce that a consensus has been reached not only around the country, but specifically here in Florida . For conservative pro-family voters, Huckabee is our man!”

“I have known Governor Huckabee for 32 years and have found him to consistently represent the Biblical values that we can all hold dear.” Said David Uth.

Florida’s closed primary is a different ball game than in New Hampshire and South Carolina where independents and liberal democrats can cross over and vote for a candidate like John McCain. Social and religious conservatives comprise upwards of forty percent of the primary voters in Florida and Governor Huckabee can be very competitive and could win Florida as the consensus continues to build.

“One of the primary questions we have to ask is who can we trust to bring us home? Mike Huckabee is the answer.” John Stemberger said. While hundreds of Florida pro-family advocates and pastors have endorsed Mike Huckabee, the following high profile leaders are announcing their joint endorsement today:

Art Ally

The Timothy Plan

Frank Attkisson

State Representative

Florida House

Bill Bunkley

Host of Drive Time

Salem Radio Network

Barbara Collier

Christian Coalition of

Broward County *

Ken Connor

Center for a Just Society*

John Grant

Florida Senate, Retired

Janet Folger

Faith2Action*

Terry Kemple

Community Issues Forum*

Tomas Lares

Council on Faith in Action (CONFIA)*

Pam Olson

Florida Prayer Network*

Rep. Marco Rubio

Speaker, Florida House of Representatives

Mat Staver

Liberty Counsel*

John Stemberger

Florida Family Policy Council*

Stephen Strang

Strang Communications

Dr. David Uth

First Baptist Church of Orlando *

Senator Daniel Webster

Florida Senate

Bain Capital bought Clear Channel which is the largest owner of radio stations in the United States

Rush Limbaugh, Fox, and the rest of the media are all big Romney fans because they are scared stiff to slander Romney because of the influence which Romney and his cronies have in allowing the EIB Network to purchase air time.

Bottom line the media, and Washington Insiders are all in bed together to take out Huckabee’s chances as the Republican Candidate

You should also look at Bain Capital and its partnership with the Carlyle Group… which is linked to a lot of very interesting people in both Saudia Arabia and China.

Vote for Ron Paul. It will give the satisfaction of knowing that one at least TRIED, instead of lining up behind those who destroyed the greatest nation on earth via financial insanity.

How does one protect themselves?
Gold, conservative growth?

Back to the topic, it has been clear here for the last two years that the “loan to distribute” model would cause enormous problems. Frankly, the dispersion of risk poisoned the entire ocean of world finance. The Deutsche case shows that bailouts of borrowers and lenders won’t be easy because there are 4 an 5 parties to each loan transaction and who actually “owns” the mortgages is not clear.

Let’s review the bailouts now in play: 1. The FED lowers the funds rate, thereby bailing out the banks on the backs of savers and the public. 2. The administration orders ARM lenders to hold the borrower’s rates at the ‘teaser rates’ concurrently rewarding wreckless folks over others who saved until they could afford their house AND at the same time assaulted the property rights of the loan holders. 3. The Federal Home Loan Banks lend $650 to subprime lenders, taking worthless CDO’s as ‘collateral.’ 4. The central banks inject another $1 trillion (admitted) in liquidity. and 5. NOW the DC pols are going to expand the conforming loan limits to $625,000, allowing Freddie and Fannie (both already in financial trouble) to assume jumbo loans and thereby extend the implicit Federal government loan guarantees to relieve the crooked bankers of even more potential losses.

Worst yet, now there is talk (make that DEMANDS from the likes of Mad Money Cramer) bailout is about to be extended to the monoline bond insurers who have $45 TRILLION in exposure, thereby extending bailouts to defaulting counterparties. In other words, they are actually going to TRY to bailout all four or five levels of this fraud!!!!!

What they are doing will cause a $US collapse.

Surely they must know this…..or maybe not. At every debate, the other Presidential candidates started shuffling their feet and looking down because neither they nor the equally-idiotic media inquisitors have the faintest clue of the financial knowledge displayed by Ron Paul.

This is nearly Biblical in proportions and also Biblical is the way the one man who warned of it and continues to warn how the two parties are making it worse is ridiculed and dismissed as a kook.

Based on your M3 comment yesterday, I researched the following articles on how we got to where we are, in economic terms.

These are three articles explained by a Princeton educated German that put some perspective on where the US economy was, is, and may go:

http://www.globalresearch.ca/index.php?context=va&aid=7413

http://www.financialsense.com/editorials/engdahl/2008/0116.html

http://www.financialsense.com/editorials/engdahl/2008/0123.html

Pretty sobering stuff, I wonder if Ron Paul read this?

What is scaring ME is the state of deterioration that I saw 20 years ago caused me to predict where we are today, the big trouble being that we are at a point today that I thought would arrive in 2030.

Yesterday there was talk of federalizing the monoline insurors, which would mean monetizing derivatives at many multiples of GDP. Freddie, Fannie, and the Federal Home Loan Banks will require bailouts of $2 trillion or so ($650 Billion has been quietly doled out by the FHLB’s to prop up subprime lenders in just the last 2 quarters.)

Go back and look at the numbers I posted above. Look at them very closely, then consider that consumer installment debt is in the $trillions and unfunded state liabilities are in the $trillions (Georgia has $20 billion in health care liabilities.).

There is NO WAY these debts can be paid, so the poor fools who doubled them now wish to double down again.

It won’t work.

To paraphrase Ron Paul “Just how do you cure inflation…..with more inflation?”

That was a great factoid on M3, and the implications are that the Fed is becoming less transparent.

Why? As one of the links points out, perhaps to keep peeps from seeing that the M3 (a very broad measure of the money supply) is growing exponentially.

When the buck devalues, the debt becomes ‘manageable’ and the ‘full faith and credit’ of the US T Bill will be questionable.

CIA indicated it would take China 20 years to reach economic parity with the US and that we would share the World stage as a superpower.

That was eight years ago.

For the Fed to stop publishing M3 to save money, when the Fed creates money from nothing takes all of the excesses to the pinnacle of absurdity.

We boomers took the sex, drugs, and rock thing a mite too far, you think? Some 70% of us were caught up in it, so it is hardly surprising that some of the more demented – make that FRIED – minds wound up in control.

Who needs to retire anyway?

http://www.financialsense.com/editorials/conrad/2005/1122.html

http://www.federalreserve.gov/Releases/h6/discm3.htm

http://research.stlouisfed.org/publications/mt/20080201/mtpub.pdf

M3 was discontinued by Fed in ‘06.

For those who are not completely bored by this stuff, the St. Louis Fed (Home of Milton Friedman) link above is the most accurate and useful basic data for public and private money management.

http://www.federalreserve.gov/releases/h6/Current/

That does not portend well for the future.

Folks, unlike previous doom and gloom theories and predictions these facts do matter.

WASHINGTON (CNN) — California Rep. Duncan Hunter, a former presidential candidate, announced Wednesday he is endorsing Mike Huckabee’s White House bid.

“I got to know Governor Huckabee well on the campaign trail,” Huckabee said in a statement. “Of the remaining candidates I feel that he is strongly committed to strengthening national defense, constructing the border fence and meeting the challenge of China’s emergence as a military superpower that is taking large portions of America’s industrial base.

“Along with these issues of national security, border enforcement and protecting the U.S. industrial base, I see another quality of Mike Huckabee’s candidacy that compels my endorsement,” he added. “Mike Huckabee is a man of outstanding character and integrity. I saw that character over the last year of campaigning and was greatly impressed. The other Republican candidates have many strengths and I wish them all well.”

The Dems are the party of taxation.

The Repugs are the party of inflation.

The official debt – issued bonds and notes – of the USA stand at $120,000 for a family of four, the net present value of the debt plus the other unfunded obligations is approaching $800,000 for a family of four and the average income after tax is well short of $60,000. These numbers spell DOOM for they foretell of horrendous inflation and taxation to make the numbers work. Even worse is that the current “stimulous” and multiple $trillion bailouts of Freddie and Fannie that will soon strike make these numbers even more impossible.

Before the Fed stopped printing the numbers the M3 money supply curve had turned nearly vertical. The net result of yesterday was that the money supply has turned vertical.

Ron Paul is a prophet on these things, but the public shuns him in favor of a crew of “borrow and spenders” who pledge more business as usual as we hurdle toward a financial reckoning that will make all flinch.