Journal: Federal Financial Difficulties

03 Economy, 10 Transnational Crime, Budgets & Funding, Commerce, Commercial Intelligence, Ethics, Government, Reform

Wave of Debt Payments Facing U.S. Government

By EDMUND L. ANDREWS

WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation, aided by ultralow interest rates, may not last much longer.   Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.

Revisiting a Fed Waltz With A.I.G.

By GRETCHEN MORGENSON

‘A government report on the bailout of A.I.G. is must reading for taxpayers looking to know why the $182 billion “rescue” is the most troubling episode of the financial disaster.’)   …  The Fed, under Mr. Geithner’s direction, caved in to A.I.G.’s counterparties, giving them 100 cents on the dollar for positions that would have been worth far less if A.I.G. had defaulted. Goldman Sachs, Merrill Lynch, Société Générale and other banks were in the group that got full value for their contracts when many others were accepting fire-sale prices.

By TOM RAUM (AP)

WASHINGTON — Suddenly the Federal Reserve is everybody’s punching bag.  …  Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say.

Continue reading “Journal: Federal Financial Difficulties”

Event: October 24-26, 2009 Rio Rico, Arizona – Disclosure Project

Uncategorized

Phi Beta Iota supports all forms of disclosure, and is pleased to connect those interested in public intelligence to the conference whose logo and details are below.  Click on the image below to get complete information.  If anyone who attends this event wants to do a proper trip report, we can afford $100 and will post it with or without attribution.

NEW HEADLINES 21 Oct 09: British local politician calls for UFO disclosure (21 Oct 09)  Why I believe that full UFO ‘Disclosure’ is almost impossible for the U.S. or other governments (21 Oct 09)  Where Are We in The UFO/ET Issue in 2009? Peeling Back the Layers (19 Oct 09)  Despite partial disclosure, Europe’s UFO files remain mostly under wraps (13 Oct 09)  Will Obama Be the First President to Tell the Truth About UFOs? (9 Oct 09)  Brazil declassifies new UFO secrets documents (1 Oct 09) World-wide Disclosure movement will be launched in Denver on June 18, 2009


Disclosure Conference
Disclosure Conference

Review DVD: Bride and Prejudice

5 Star, Culture, DVD - Light, Reviews (DVD Only)

Amazon Page
Amazon Page

5.0 out of 5 stars Brilliantly Clever at All Levels–Remakes US View of India,

July 19, 2005
Naveen Andrews
This movie is so extraordinarily clever, at all levels, that I have watched it twice with undivided attention, and have it playing on background now. It does nothing less than remake US views of India. As I read the full page advertisements in the Washington Post saluting the visit of the Indian Prime Minister, and reading about the White House agreeing to sponsor nuclear information exchanges while India sponsors a second green revolution, I cannot help but think that this movie, in a unique way, captures both the beauty of India, and its arrival as a world power equal to the US.

I spend a lot of time thinking about both reality and perception. The US has blown it when it comes to the billions of poor–not just the Arab fundamentalists, but the non-violent individuals who see us occupying their countries and looting their natural resources. If America could produce a movie like this, one that reflected the best of America, the ideals of the original Republic, it would have more of an impact than the billions of dollars we are spending on a heavy-metal military.

This movie is extraordinary. It is brilliant. It is worth buying, viewing multiple times, and as a gift idea.

Vote on Review
Vote on Review