just another guy with straw for brains …
Segment #1: This week in free energy
Presenter: Sterling Allan, CEO, founder of New Energy Congress
Estimated Time: 20 minutes
Segment #2: Scarecrow’s News Rant – Who’s revolution is it anyway?
Presenter: an editorial by SmartScarecrow
Estimated time: 15 minutes
Study finds bank bailouts profitable for U.S.
By Joe Rauch, July 7, 2010
(Reuters) – A government program to bail out banks at the height of the financial crisis has so far turned a profit, according to a report by investment bank Keefe, Bruyette & Woods Inc.
The Capital Purchase Program, part of the $700 billion Troubled Asset Relief Program, has generated an average return of 10 percent on the initial investment in 61 banks that have fully repaid the aid, said the report, issued on Wednesday.
“Its pretty clear that unless the economy just craters, the bank portion of TARP will be profitable,” said Fred Cannon, bank analyst with Keefe, Bruyette and Woods.
About $137 billion, or two-thirds of the initial government investment, has been paid back, with $65 billion still to be repaid, the report said.
The often controversial program injected taxpayer funds into 707 banks nationwide in an effort to prop up the financial system at the height of the crisis in 2008 and 2009.
The KBW study found the U.S. Treasury has received $13 billion in earned income and $2.3 billion in posted losses in the program so far.
Six banks produced a return on investment for the government greater than 20 percent, according to the study.
Most major U.S. lenders repaid their government bailout aid in 2009 and early 2010. The remaining participants in the program are mostly smaller community and regional banks.
The program currently has $65 billion in outstanding investments in 632 U.S. banks, with $4 billion in reported missed interest payments.
THAT IS THE STORY PUT FORWARD BACK IN Mid 2010! AND ITS STILL BEING PUSHED TODAY!
CNN Continues To Try & Paint Occupy Wall Street Protest As A Big Joke! (Seriously CNN?)
MOXNEWSd0tCOM, October 3, 2011
The Daily Bail
Memo To Erin Burnett – Shut Your Banking Apologista Pie Hole And Get Your Facts Straight On The Bailout, Seriously!
This clip is a must see.
CNN’s Erin Burnett ventured down to Occupy Wall Street and told some protesters that “taxpayers actually made money on the Wall St. bailout.” She made fun of the protesters on-air and derided their knowledge of the bailouts.
The only problem for Erin, is that she’s the one who didn’t get her facts straight.
That’s right, the banking apologista, who is engaged to a Citigroup executive, and is infamous for having her ass handed to her on camera by Congressman Brad Sherman over AIG bonuses, didn’t do her bailout research before she decided to ridicule protesters for not doing doing their bailout research.
According to the U.S. Treasury’s own figures, available publicly to any reader, including pneumatic (we understand if you need a dictionary for that one, Erin) and arrogant CNN reporters, as of TODAY, taxpayers are still more than $95 BILLION IN THE RED on TARP. And that’s including all interest and other income. There is still $122 BILLION of TARP funds that have NOT yet been paid back.
We understand that Burnett was excluding GM, but she somehow missed that AIG, alone, still owes over $50 BILLION.
The “we made money on the bailout” meme just won’t die. Facts and in the case of Burnett, poor research, be damned.
Here’s more from Dylan Ratigan on Bank Bailout Lies:
This lie must be beaten back by all of us like whack-a-mole every time it rears its ugly head. Please help me by sending this information to any politician, media figure, banker, neighbor or robot that you find repeating it — they can take our money, but they don’t own the truth.
Let’s break it down:
1. TARP itself hasn’t even made money. AIG alone still owes us $75.6 billion. However, they always add the caveat “Other than AIG…” when they say that the bailouts were “profitable.” But the AIG money was directly paid to many of these same banks that “paid back their TARP” at an outrageous 100 cents on the dollar! Mind you, this was done by government officials that were the former employees and current shareholders of the very banks they were helping. Let’s make banks like Goldman Sachs, Bank of America and Societe Generale pay back the $105 billion of stolen taxpayer money before we let anyone say “TARP was paid back.”
2. TARP is a tiny little part of a massive amount of taxpayer support. TARP is actually less than 10 percent of your tax dollars that have been handed to the banks. And now the banks “paid back” the tiny slice that is TARP with our money, and you are supposed cheer them for savvy. At this very moment, the taxpayer is still owed $2.02 trillion dollars for the bailout by our politicians and banksters, and that number is growing every day.
Never mind the money that these same banks make getting endless 0 percent interest loans from the Federal Reserve (aka you) while either they lend it back to you at 14 percent interest or just lend it right to back the government and pocket the yield. Never mind the multitude of benefits they get from being Too Big To Fail. But you’re not supposed to pay attention to that; you’re only supposed to notice how fast they paid back TARP!
So instead of these politicians looking for the only obvious place to find the money –clawbacks from the people who continue to steal it — we are now being subjected to outright lies as they once again pick the banksters over the people who voted them in. But don’t let them, or anyone in the media, get away with it without hearing from you.
Segment #3: Feature Presentation – What is all this prepping stuff all about?
Presenter: SmartScarecrow & Todd
Estimated time: 30 minutes
I plan on covering an overall brief description of the key elements to prepping. I will touch on the top topic items and in a general content from food to protection. Remember each one of these groups all have sub groups beneath them.
Before starting, one of the question is “how much” will I need. There is no good answer for this, the best one I tell people is you and your family need to decide on what events you are preparing for. Only you can make this decision and prepare to meet the goals you have set forth. What I have found personally for myself is prepare for the basics and make your preparing part of your daily life, this way you are prepared and if something does occur the change is not as big of an impact on you and your family and you do not have to think about it. The plan has been practice and you just grab and go and each family member know what they need to do.
Another key point that needs to be addressed here is you may not be able to stay in your home depending on what might occur you also need to have an exit plan. With an exit plan you may be limited to the amount of items can be transported.
There is a lot more that is involved with this but the intent here is to get you thinking on where you are and what you need to change if you decide to go down this path. In the amount of time for this show it will impossible to cover everything.
You will find a lot of information on this out on the net. There are some really good channels on this subject along. Food items consist of can goods, dehydrated goods, long term, short term, seeds, growing, growing equipment, canning and so on.
Milk, dehydrated use instant or non-instant with ingredients, NONFAT MILK, VITAMIN A PAL-MI-TATE, VITAMIN D3, Whole Eggs, dehydrated Potatoes, dehydrated Canned butter, canned cheese Red feather is the way of choice here Canned meats, buy different types and introduce them to the family and keep a list of ones that pass and do not.
Also food prepping comes in here with packaging your own items via #10 cans, Mylar bags, caning and food dehydration.
Another consideration here is bread machines.
This one can become very in depth and I believe one that should have some thought put into and is different for each individual. How you prepare here depends on what you believe may occur.
Remember water is not just for drinking, there is cleaning, bathing, cooking and possible washing clothes.
This is one that is not touch on to much but is just as important as all the others. Things like chemical suits and gas mask also can fall under this category. (Insert Ham radio slide) Hand held walkie-talkies, but remember these may have overwhelming chatter in an event and render them useless. Ham radios
This is another one over looked. Items like tooth brushes, tooth paste and so on. One thing to have if nothing else, toilet paper, toilet paper, toilet paper, did I mention toilet paper?
A basic first aid kit, get cpr or first responder training. Redundancy plans
This one too depends on what you believe may occur. If you decide to stay at your place of residence there are things that need to be done, you also should have an exit plan and location/locations in mind as well.
You should have one well maintained vehicle and one that could go over rough terrain. Keep the gas level up and have additional gas cans at the house to take with you and also to fill the tank if you need to leave. Something else to mention is Geocaches
This can be many things, wood, electric power generation (all forms) and maybe people power.
This one by far is one that is talked about the most. All I will say on this is have a hand gun in 9mm/45 or both, shot gun, long gun ar15/ak47 several mags, several hundred rounds and reloading equipment. One item that is not mentioned to often are the compound bow and crossbow. The main thing to say here, join a gun club and get training and practices, practices, practices.
Forming groups in your area of like minded people allows for expertise where this is lacking, examples nurses, electricians, gardeners and so on. Many states now are having prepper conferences.
Many times this area is also forgotten until the moment of the occurring event.
In closing, all the items mentioned here may or may not apply to you. The idea is to get you thinking and evaluating your current situation, maybe none of this applies or even matters, but if it does only you can decide what the best path forward is for you and your family.
Segment #4: Audience Q&A Session
Estimated time: 10 minutes