WRH News stories for Saturday, December 11, 2010 Part 2

Obama Administration Blocks Legal Aid for Homeowners Facing Foreclosure

Consider the 19 states which are recipients of the Hardest Hit Fund (HHF)—a portion of TARP money set aside to help homeowners in states struggling with the highest unemployment rates and steepest declines in the housing market.

Some of those states, including Ohio, let Treasury Secretary Tim Geithner know as far back as this past spring that they wanted to use some of those funds to assist legal aid groups that help individual homeowners. Seems like a reasonable request—unlike the absurdity of handing over trillions of dollars to robo-signing, foreclosure-mad banks, no questions asked.

Treasury solicited the opinion of an outside law firm, Squire, Sanders & Dempsey. Never mind that the firm's clients include BB&T Corporation and payday lender CNG Financial Corp. The firm said, in essence—sorry, no can do on the legal aid. Not permitted under the TARP.

Huh? Hold on a sec—is this the same TARP that granted the Treasury Secretary all those "extraordinary powers" to protect people's home values, preserve home ownership, promote economic growth, etc.?

Flashback: United States Economy Collapsing

Over 90% of America did not want to passage of HR3997. The US Congress was held at "Executive Gun Point" and told: "you either pass this bill or we will declare martial law."

The most painful part of HR3997 is the shift in the final bill. What was the shift? Unbeknownst to the American people, however, is that since September 20th 2008, the $700 billion (TARP) bailout bill signed into law by President Bush Jr., was expanded from its original 3 pages to a 451 page virtual novel of new laws virtually enslaving them to the foreign holders of their debt.

In addition, there are reports circulating in the Kremlin stating that the first deployment of Chinas elite People's Armed Police (PAP) under an agreement signed between the United States and China, and US Homeowners Soon To Be Evicted By Chinese Police Under New Law HR3997. (Is this option of the bill in practice?)

Even more disturbing, these reports continue, are that these new laws not only give Chinese and European banks control over the mortgage debt of the American people, they now include their credit card balances, and which virtually the entire US populace have indebtedness to.

To how utterly chilling this new US law for the American people, titled the Emergency Economic Stabilization Act of 2008, Russian legal experts point out in these reports that:

Section 101 (a)(1) establishes what is termed the Troubled Asset Relief Program (TARP) to which substantial portions of what the American people currently owe to their banks and financial institutions is to be turned over the US Government for redistribution to foreign banks.

Section 101(c)(3) Designates for the first time in American history these foreign banks as financial agents of Federal Government with full law enforcement authority over the citizens in the US.

Section 3 (b) allows the US Secretary of the Treasury to put any kind of debt, including credit card, home loans, personal loans, automobile loans, etc., into the TARP programme.

Section 112 allows the US Secretary of the Treasury to astoundingly extend financing to foreign banks to purchase the debt of the American people.

Section 112 (1)(a) allows the US Government to hold stocks in companies for the first time in their history and which completely destroys the capitalist economy of their Nation.

Section 119 (2)(a) gives the US Secretary of the Treasury dictatorial powers not reviewable by courts making this position the most powerful one in America.

Section 122 increases the US public debt to the incredible amount of $11,315,000,000,000 (Trillion) - Currenty $13.855 Trillion.

Section 204 puts the United States under emergency economic rule and states, "all provisions of this Act are designated as an emergency requirement and necessary to meet emergency needs.

The clip here is from the newest addition of Zeitgeist explaining the Federal Reserve.

Farewell to Afghanistan

Sama Adnan considers the crippling impact of the US intervention in Afghanistan on the American economy and society, highlighting among other things that while President Obama has cut federal salaries in order to save 2.5 billion dollars a year, the US continues to spend 100 billion dollars annually on the Afghan war.

Will Fed's 600 Billion Jumpstart Economy?

Robert Pollin: Nothing in Fed's plan will make banks lend more money

---Comment---

The Fed purposely debasing the dollar is giving every American a pay cut. The? American now has to earn and spend more dollars for the same goods and services. Everyone's standard of living decreases. The poor and lower middle class feel this decrease the most. The Fed is artificially creating the forces of poverty. Quantitative easing is wrong economically-- it is anti-Liberty, unsound, not afforded in the US Constitution, and immoral. To put it bluntly, it is insane!

Gold and Silver Recap: Silver Price to $50?

First let’s look at some history. Bunker Hunt and a few friends tried to corner the silver market by buying silver and buying silver futures. They drove the silver price skywards, to a level that’s not been reached since. Then the authorities did some dirty tricks with the silver futures contracts, the price of silver fell, and everyone brushed themselves off and got on with life.

Now J.P. Morgan has been accused of doing the same thing, but in reverse. Instead of buying silver they are selling it short, that is they are selling it now to buy in six months time. They have, it has been alleged, sold far more silver than they can possibly have. This has meant that the rise in the silver price is going to kill them if we all buy physical silver.

Protest doesn't sway WSU - Officials will not reinstate Thomas diversity award

Webmaster's Commentary:

"Israel told us we have to kick Helen's ass for saying Israel controls the USA, so dammit, we have to kick Helen's ass!"

Vladimir Putin Sings "On Blueberry Hill"

Enjoy: there was a lot of hard musical arranging work which went into this performance!:-)

Truth Jihad Radio exclusive: "A person in my family was involved in 9/11"

Why can't Wikileaks, with all its amazing resources, break any 9/11 stories? It's not like it's all that hard. This Saturday, 12/11/10, I'll be breaking two!

Rushing in where Assange fears to tread, I will be interviewing two people who have had to live with the emotionally devastating reality of knowing that people they are/were close to are 9/11 criminals. My first hour guest, Witness #1, says it flat-out: "A person in my family was involved in 9/11."

Interview With Gordon Duff: Wikileaks Debunked

Harry Markopolos On Madoff Fraud - CBS 60 Minutes

60 Minutes Video - Complete Interview with Madoff Whistleblower

This is a great clip - Markopolos annihilates the SEC

If you haven't heard, Mark Madoff hanged himself today in his NY apartment...

All news and commentary taken from, Mike Rivero's whatreallyhappened.com