Spelling Out Obama's Anti-American 'Transnationalism' regarding Arizona

Professor Lovell tells it as it is.

as shown at ResistNet.com

'Operation Gulf Grease' - Much of the Case for Deepwater Horizon Conspiracy

Mr. Weeks' article, "Operation Gulf Grease" is also posted at News and Views, where he contributes regularly. I suggest it is worth consideration, in the effort to connect the dots, to understand those who seek power over us, and to even think "the unthinkable." With people such as George Soros, Maurice Strong, Barack Obama, and their accomplices involved, and considering the historic ways of those who lust for universal power and wealth, one must examine extraordinary potentials. I.O. trusts our readers to evaluate information with us (and though this is an excellent compilation, there is more).

By Darren Weeks

In the days prior to the Gulf drilling operation and ensuing environmental catastrophe, I remember thinking just how odd and out of character it was that Barack Obama had announced his approval for more offshore drilling. On April 1^st, The Washington Post quoted Interior Secretary Ken Salazar as saying the administration had broached “a new direction” in energy policy. ^[1]

Had Obama lost his mind? Had he had some sort of religious experience? This was a president who campaigned against traditional energy sources in favor of so-called “sustainable” alternatives such as wind, solar, etc. This was a president who banned offshore drilling as one of his first acts in executive office. ^[2] This was a president who admitted in a meeting with the San Francisco Chronicle in January of 2008 that it was his plan to use a Cap and Trade system to cause energy prices to “necessarily skyrocket” in order to force people to transition to “green” technologies. “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket,” Obama stated as documented in a YouTube video. ^[3]

Hence, the shock at the sudden “turnabout” in energy policy. True, the vast majority of Americans do support drilling for oil as a counterweight against increasing dependence upon the perpetually troubled Middle East and its OPEC cartel. But since when has any president in recent history paid attention to the opines of their electorate?

Now, as the days turn into weeks, and weeks into months -- and the oil continues to gush in the Gulf with no sign of ever letting up -- Obama has used the crisis as an excuse to not only ban offshore drilling, ^[4] but also to clamor for passage of his “cap and trade” energy bill. ^[5] Politico has cited opinion polls that suggest public support for drilling may be eroding. ^[6]

Was this the Hegelian plan all along? To foment a crisis in the Gulf to condition the masses that the world must adopt Agenda 21 “sustainable development” as its model for energy or pay the environmental consequences? Before you dismiss this notion as insanity, there are many troubling questions that demand answers. Questions that imply foreknowledge and planning. Questions of “coincidence”.

For example, is it “coincidental” the numerous incredible financial and business transactions that took place in the days, weeks, and months prior to the rig explosion?

We know the ties between British Petroleum and Goldman Sachs run deep. Peter Sutherland, the chairman of Goldman Sachs International also served as chairman of BP right up until last year, according to a 2009 bio on the site of the Trilateral Commission. It says,

“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. He is currently UN special representative for migration and development. 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 and was instrumental in concluding the Uruguay GATT Round Negotiations.” ^[7]

On April 30^th, The Huffington Post published a satire piece about Goldman Sachs, who was embroiled in a Congressional probe over the present and pending financial meltdown just days before the Gulf disaster stole the headlines. The spoof article titled, Goldman Sachs Reveals It Shorted Gulf of Mexico, was actually mistaken by some as a legitimate news story. Written by a comedian, the satirical article said,

“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.” ^[8]

After this gag piece was published, various independent researchers began checking into the financial transactions of Goldman. What they found turned out to be a case of art imitating life.

Sterling Allan reported in The Examiner on May 5^th,

“It turns out that Goldman Sachs really did place shorts on TransOcean stock days before the explosions rocked the rig in the Gulf of Mexico sending stocks plunging while GS profits soared -- benefitting [sic] once again from a huge disaster, having done the same with airline stocks prior to 911 then again with the housing bubble.” ^[9]

It’s important to note the cozy relationship between Goldman Sachs and the Obama administration. According to McClatchy, while Goldman Sachs was under fire from the Securities and Exchange Commission, and their lawyers were in negotiations with the regulatory agency, Goldman CEO Lloyd Blankfein was a repeated visitor to the White House. He attended events with Obama and met with Larry Summers, Obama’s top economic advisor. Obama’s 2008 campaign benefited from $994,795 worth of campaign donations from Goldman employees and their relatives. ^[10] The Gulf disaster, coming on the heels of the Congressional hearing and SEC “investigation,” served to distract attention from the ongoing financial fraud and economic meltdown caused by Goldman and others.

We now know from John Byrne at Raw Story that prior to the Gulf oil mess, not only did Goldman Sachs short shares of TransOcean, the owner of the failed Deepwater Horizon rig, they also ditched 4,680,822 shares of BP stock, worth $250 million and representing 44% of their holdings. “Goldman’s sales were the largest of any firm during that time,” writes Byrne. “Goldman would have pocketed slightly more than $266 million if their holdings were sold at the average price of BP’s stock during the quarter.” ^[11]

Byrne also noted other financial institutions that also dumped BP holdings.

“Other asset management firms also sold huge blocks of BP stock in the first quarter -- but their sales were a fraction of Goldman’s. Wachovia, which is owned by Wells Fargo, sold 2,667,419 shares; UBS, the Swiss bank, sold 2,125,566 shares.” ^[12]

If that weren’t enough of a “coincidence,” we also had The Telegraph out of London reporting that the chief executive of BP, Tony Hayward, also sold 223,288 shares, worth £1.4 million of stock in his own company (over $2 million) on March 17^th -- only weeks before the BP Gulf mess. The paper noted that by doing so he “avoided losing more than £423,000 ($614,449) when BP’s share price plunged after the oil spill began six weeks ago.” ^[13] He took the money and paid off the mortgage on his family mansion in Kent.

At this point, a question should be coming to mind: What did these people know that the rest of us didn’t? How is it that stock in BP and Transocean suddenly seemed so unattractive to those closest to the disaster? Ah, the coincidences! But it gets even better.

On April 10^th, The Houston Chronicle reported that Halliburton -- the company of which former Vice-President Dick Cheney was CEO -- was in the process of acquiring Boots & Coots. Reuters reported that the deal was announced on Friday, April 9^th -- just eleven days prior to the explosion. ^[14] The Chronicle noted that “Boots & Coots has become well known for putting out some of the world’s largest oil and gas fires.” ^[15] The company’s website lists services they provide, including “deepwater application and well inspections, as well as blowout prevention and control counsel or assistance...” ^[16] According to the Orlando Sentinel, their expertise is already being put to use in the Gulf, as they are “one of two primary companies designing relief-well strategies for the BP blowout.” ^[17]

So when the acquisition deal is formerly approved by the government, Halliburton -- the company famous for profiting from no-bid government contracts in war zones -- will have collected for themselves yet another “slick” profit.

This is especially intriguing in light of the fact that, according to NPR, Halliburton’s cementing work -- completed only hours prior to the explosion -- has become a “central focus” of the Congressional investigation. ^[18] The Wall Street Journal quotes unnamed “experts” as saying the timing of the cementing in relation to the blast “points to it as a possible culprit.” ^[19]

But Halliburton isn’t the only company that stands to make a killing off the crisis. The Times Online out of the UK reported that TransOcean itself took out a $560 million insurance policy on the Deepwater Horizon rig. The dollar amount was well above the rig’s value. According to the paper, insurance payouts amounted to a $270 million profit from the disaster.

“The windfall, revealed in a conference call with analysts, will more than cover the $200m that Transocean expects to pay to survivors and their families and for higher insurance costs.” ^[20]

A number of people have questioned why Corexit -- a chemical banned in the UK ^[21] and is much more toxic than the oil itself -- was used as a dispersant in the Gulf. Assuming for the moment that chemical dispersants had to be used, the New York Times reported on May 13^th:

“Of 18 dispersants whose use EPA has approved, 12 were found to be more effective on southern Louisiana crude than Corexit, EPA data show. Two of the 12 were found to be 100 percent effective on Gulf of Mexico crude, while the two Corexit products rated 56 percent and 63 percent effective, respectively. The toxicity of the 12 was shown to be either comparable to the Corexit line or, in some cases, 10 or 20 times less, according to EPA.” ^[22]

Yet, despite the EPA data ranking it “far above dispersants made by competitors” for toxicity, BP chose to dump more than 400,000 gallons of Corexit into the Gulf, order 805,000 more gallons with plans of hundreds of thousands of additional gallons should the spewing continue. Why?

The answer may lie in the fact that not only has Corexit production benefited BP and Exxon Chemical Company, it also has ties to the very same banking company that somehow knew to sell nearly half its holdings in BP stock just prior to the disaster -- Goldman Sachs. Cassandra Anderson of Morph City connects the dots to the economic ties between the oil industry and the bankers.

“Corexit is produced by NALCO, originally named the National Aluminate Corporation, which formed a limited partnership with Exxon Chemical Company in 1994. Ondeo Nalco was purchased by Goldman Sachs, Apollo and Blackstone in 2003 and is currently a publicly traded company. Given NALCO's business ties, it seems that safe and natural cleanup methods were avoided in the Gulf to pursue an economic agenda. The use of Corexit in Alaska, after the Exxon Valdez disaster, resulted in toxicity to humans that included respiratory, nervous system, liver, kidney and blood disorders.” ^[23]

They say that history repeats itself. We know from wire reports that all 125 fishing boats had to be recalled from Gulf cleanup efforts after workers aboard began “experiencing nausea, dizziness, headaches and chest pains”. ^[24]

What’s going on here? Is the Gulf being poisoned on purpose to enhance corporate profits? Or has this crisis been orchestrated by the illuminists in order to force the United States to ratify the Law of the Sea Treaty (LOST) which would cede control of the oceans -- over 70 percent of the planet’s surface -- to the United Nations?

One must always keep in mind that Agenda 21 is the game plan for all that happens in the world today. The Hegelian dialectic is the means by which that game plan is implemented -- creation of a crisis to condition the minds of the people that an undesired change is necessary, creation of their own controlled opposition to the crisis, finally the introduction of their pre-determined solution.

Chapter 17 of Agenda 21 deals with “Protection of the Oceans, all Kinds of Seas, Including Enclosed & Semi-enclosed Seas, & Coastal Areas & the Protection, Rational Use & Development of their Living Resources”. Who will determine what constitutes “rational use” of the oceans and their resources? If the LOST is ratified, it will be the United Nations.

In July 2009, State Department official Margaret Hayes told the New York Times that the Obama administration was in the process of working to “craft a plan to ratify the U.N. Convention on the Law of the Sea.”

“President Obama is strongly in favor of the United States becoming a party to the Law of the Sea Convention,” Hayes was quoted as saying. “There is discussion going on as to the exact timing of when they might have a hearing and when they might proceed to have the full Senate consider accession.” ^[25]

The Times goes on to report that the administration is continuing a multi-year mapping of the sea floor in the Arctic in preparation to stake a claim under the LOST. ^[26]

Furthermore, the World Ocean Council, an alliance of multi-national businesses that are dedicated to ocean “sustainability,” is having its “Corporate Ocean Responsibility” meeting this month -- conveniently on the heels of a major maritime disaster. The Sustainable Ocean Summit is described as “the first international, cross-sectoral ocean sustainability conference for the private sector - [that] will catalyze the growing interest among ocean businesses for more effective leadership and collaboration in addressing ocean environmental challenges.” ^[27] It just so happens that two of the founding members of the World Ocean Council are ExxonMobil and TransOcean. ^[28]

That the crisis in the Gulf may have been planned and executed with the intention of profiting from it while pushing an environmental control agenda, might explain the pathetic federal response after the disaster.

Three days after learning of the Gulf gusher, the Interior Department Chief of Staff Tom Strickland left for the Grand Canyon with his wife and went white water rafting. ^[29] The Department of the Interior is charged with the task of coordinating federal response to a major oil spill. Yet, Strickland’s priorities were elsewhere.

The “In-Situ Burn” plan was developed by the federal government in 1994 to deal with oil spill disasters in the Gulf, and calls for the immediate use of fire booms. Had the plan been followed, it might have prevented oil from reaching the shoreline. A single fire boom can burn up to 1,800 barrels or 75,000 gallons an hour. Yet, despite the plan, not one fire boom was available anywhere in the Gulf at the time of the incident. ^{[30] [31]}

On May 11^th, ABC News reported that the U.S. Coast Guard conducted operations in the Gulf, simulating a major oil spill and practicing federal response to it a mere three weeks prior to the real disaster. ^[32] What was the purpose of the simulation? Obviously, it wasn’t to improve federal response.

In 2002, there was a similar practice operation which ABC describes as “eerily similar” to the current disaster. Lack of experience, poor communications, conflicting roles, and a need for new technology were cited. None of the recommendations were ever put into place. ^[33]

Wire reports from the Associated Press have said that workers aboard the rig were forced to sign statements that they hadn’t witnessed the explosion. They were told they couldn’t go home, nor could they make phone calls and talk to their friends and family until they signed the statements indicating they had no “first hand or personal knowledge” of the incident. ^[34]

We now have private military contractors deployed from Wackenhut -- the military contractor infamous for its employees’ drunken brawls and vodka shots taken out of each other’s backside -- guarding the perimeter of the Deepwater Horizon Unified Command.

Respected attorney Ellen Brown has written about empty Wackenhut buses with prison bars on the windows being driven around for no apparent reason in Arizona. Your writer has personally talked to other people who have seen these buses. Ellen wrote last year:

“The new Wackenhut operation is shrouded in mystery. It has been running its fleet of empty prison buses night and day, apparently logging miles on a Department of Homeland Security (DHS) contract. Multiple buses can be seen driving all over town and even on remote desert back roads. Oddly, except for the driver and one escort guard seated in front, these buses appear to be empty.” ^[35]

Network news media have been complaining of being harassed and threatened by the security contractors for shooting video of the coast, ^{[36] [37]} which we’re told may soon become uninhabitable. Will Wackenhut buses be utilized to relocate mass numbers of people out of the coastal states?

It’s shaping up to be an interesting summer.

---

^[1] President Obama opens new areas to offshore drilling, Washington Post, April 1, 2010

^[2] Obama blocks offshore drilling, Washington Times, February 11, 2009

^[3] Barack Obama meeting with San Francisco Chronicle, January 2008. Video from YouTube at http://www.youtube.com/watch?v=HlTxGHn4sH4 accessed June 13, 2010

^[4] Obama block on Gulf of Mexico drilling meets with anger, The Guardian, June 9, 2010

^[5] After oil spill, Obama vows to find votes for energy bill, AFP, June 2, 2010

^[6] Poll: Drilling support eroding, Politico, May 28, 2010

^[7] Trilateral Commission website at http://www.trilateral.org/membship/bios/ps.htm accessed June 13, 2010

^[8] Goldman Sachs Reveals it Shorted Gulf of Mexico, Andy Borowitz, Huffington Post, April 30, 2010

^[9] No joke: Goldman Sachs shorted Gulf of Mexico, Sterling Allan, The Examiner, May 5, 2010

^[10] Goldman's White House connections raise eyebrows, McClatchy, April 21, 2010

^[11] Goldman Sachs sold $250 million of BP stock before spill, John Byrne, Raw Story, June 2, 2010

^[12] Ibid.

^[13] BP chief Tony Hayward sold shares weeks before oil spill, Jon Swaine and Robert Winnett, The Telegraph, June 5, 2010

^[14] Halliburton agrees to buy Boots & Coots, Reuters, April 9, 2010

^[15] Halliburton planning to buy Boots & Coots, Houston Chronicle, April 10, 2010

^[16] Boots & Coots website www.boots-coots.com, accessed June 10, 2010

^[17] 'Relief wells' are last resort for stopping BP's oil spill, Orlando Sentinel, May 21, 2010

^[18] Cementing Becomes One Focus In Gulf Oil Probe, Elizabeth Shogren, National Public Radio, May 5, 2010

^[19] Drilling Process Attracts Scrutiny in Rig Explosion, Wall Street Journal, April 30, 2010

^[20] Rig firm’s $270m profit from deadly spill, Times Online, May 9, 2010

^[21] Oil Spill Treatment Products Approved for Use in the United Kingdom (pdf), Marine Management Organisation of the United Kingdom, May 18, 2010

^[22] Less Toxic Dispersants Lose Out in BP Oil Spill Cleanup, New York Times, May 13, 2010

^[23] Oily Politics Grease the Wheels of Control, Cassandra Anderson, MorphCity.com, June 4, 2010

^[24] US oil spill clean-up boats recalled after crews fall ill, AFP, May 27, 2010

^[25] U.S. Pushes for Law of the Sea Ratification as New Arctic Mapping Project Begins, New York Times, July 29, 2009

^[26] Ibid.

^[27] World Ocean Council “Sustainable Ocean Summit” Set for June 2010, OceanUnited.net, accessed June 14, 2010

^[28] World Ocean Council Founding Members, World Ocean Council website, accessed June, 13, 2010

^[29] While Oil Slick Spread, Interior Department Chief of Staff Rafted with Wife on "Work-Focused" Trip in Grand Canyon, ABC News, May 5, 2010

^[30] Despite plan, not a single fire boom on hand on Gulf Coast at time of oil spill, Alabama Live, May 3, 2010

^[31] US had burn-off plan for oil spills but the equipment wasn’t there, Times Online, May 4, 2010

^[32] Training Exercises Revealed Gaps in Preparedness for Major Oil Spill, ABC News, May 11, 2010

^[33] Ibid.

^[34] Rig Workers Made to Sign Statements after Blast, Associated Press, May 11, 2010

^[35] Mystery Prison Buses in the Desert, Ellen Brown, January 22, 2009

^[36] Heavy Sludge Oozes into Marshes of Louisiana, CBS News, May 18, 2010

^[37] The Conversation: Press Hassled on Gulf Coast?, ABC News, June 10, 2010

April Video Indicates U.S. Government Aware of Much Greater Volume of Gulf Gusher; Evidence Raises Suspicion of Cover-Up

Some of the truth has been hiding in plain sight since May Day, at AL.com. Visit the government at work, specifically the National Oceanic and Atmospheric Agency of the U.S. Department of Commerce (NOAA) meeting in "Warroom 1." They are intently collecting data on what is apparently the 22nd, 23rd, or 24th of April. They are scientists for an United States government which refused massive clean-up help from foreign sources. then, and refuses such help now -- an U.S. government which seems to have lied to us, all this time. Note the following:

At the 3 minute mark in the video and at 3m:17s, see what one member of this NOAA meeting has scrawled in his notebook: "53 to 110 K [brrel?]."

At 6 minutes 35 seconds, the man on the phone says, "I've heard two different estimates on, some'n, far as uh, between sixty-five and a hundred thousand barrels a day."

Then, see what is written, back at the War Room's white board (frozen in time, below). Those are numbers much, much higher than the story they have given the public, then or now: 64,000 to 110,000 barrels per day.

Last Wednesday evening, June 9th, I interviewed Mark Proegler, Director of Climate Energy Policy for BP plc, working for Deepwater Horizon Unified Command. He recounted to me that the early, officially released estimate of the rate of the leak was 5,000 barrels per day. Then, he said, the U.S. government put together two technical groups to assess the flow and they performed numerous tests. Their two results, according to the government, were between 12,000 and 19,000 barrels per day from one group and between 12,000 to 25,000 barrels per day from the other. At the time of this article's release, the latest official estimate by the government I have found was issued on June 10th: from 20,000 to 40,000 barrels per day.

Compare these early numbers with the evidence discussed here: 65,000 to 100,000 barrels per day on the telephone call, 64,000 to 110,000 barrels per day on the whiteboard, and 53,000 to 110,000, in the notebook. Look for anything written around those numbers in the video. Do you see words such as "could eventually become?" I do not. The white board prefaces its numbers with terse immediacy: "estim." Further, by that point, they had noted a "twelve mile long slick of emulsified oil," visible by aircraft.

The only part of this May 1st report by Ben Raines which seems at odds with observable facts is its title, in its use of the words, "potential for." No, these appear to be concurrent estimates of the actual oil being blasted out of that orifice in April, not analyses of potentials.

Video Shows Federal Officials Knew Quickly of Potential for Massive Oil Flow in Gulf Spill
by Ben Raines, Birmingham Press-Register, 5/1/2010


A National Oceanic and Atmospheric Administration video, shot as officials coordinated response to the Deepwater Horizon disaster, shows that federal officials almost immediately worried that the oil well could leak up to 110,000 barrels per day, or 4.6 million gallons.

The video appears on a federal Web site.

It was filmed in Seattle, at NOAA's Western Regional Center, as scientists and federal officials in Seattle, Houston and New Orleans engaged in telephone conferences, according to a companion document on the Web site.

View full size (NOAA video still)Federal officials discuss the Gulf of Mexico oil spill soon after the explosion of the Deepwater Horizon offshore drilling rig. The image is a still frame from a NOAA Web site video depicting the meeting at the agency's Western Regional Center in Seattle.

The video appears to have been edited, and it was shot by a person carrying a camera from room to room.

In it, officials are discussing the search for survivors of the Deepwater Horizon explosion. There is a hand-drawn map of the spill dated April 22. At one point, the video freezes on a sign next to a door that reads, "War Room."

In one scene, officials say that the estimate for the leak in a worst-case scenario is between 65,000 and 100,000 barrels per day. A dry erase board on the wall reads "Estim: 64,000 to 110,000 bbls/day. CNN reported 300,000 gal/day."

The high end of the estimate, 110,000 barrels, is about 4.6 million gallons. At that spill rate, 32 million gallons of oil would enter the Gulf every week. By comparison, the entire Exxon Valdez spill was about 11 million gallons.

Officials estimate current flow from the damaged well at 210,000 gallons a day.

It is unclear from the video what events would have to transpire to raise the flow rate higher.

A confidential NOAA report, dated April 28 and circulated among federal agencies, makes similar projections regarding spill size in a worst-case situation.

View full size (NOAA video still)A hand-drawn map of the Gulf of Mexico oil spill dated April 22, 2010, is seen in this image from a video downloaded from the NOAA Web site. The video shows federal officials discussing the oil spill soon after the Deepwater Horizon exploded.

It describes newly discovered leaks in the tangle of riser pipe, attributing them to ongoing erosion of the pipe. The riser pipe, in this case about 5,000 feet long, connects the wellhead on the sea floor to the drilling rig on the surface.

"If the riser pipe deteriorates further, the flow could become unchecked," reads the report.

On Thursday, the day after the NOAA report was circulated, BP officials said they were worried about "erosion" of the piping.

Sand is an integral part of the formations that hold oil under the Gulf. The raw crude rising from the bottom of a well carries sand and other abrasive materials. In effect, the oil is sandblasting the piping as it rushes through with tremendous force, according to petroleum engineers.

"I think we need to be prepared for it to be the spill of the decade," Debbie Payton of NOAA, the meeting's coordinator, says during the NOAA video.

NOAA did not immediately respond to the Press-Register's request for comment on the video.

• EARLIER REPORT: Government fears Deepwater Horizon well could become unchecked gusher
  

View full size (NOAA video still)A still image from a video downloaded from the NOAA Web site shows a dry erase board with figures depicting the potential oil flow. Oil has been spewing into the Gulf of Mexico since the offshore drilling rig exploded and sank. Eleven oil rig workers are missing and presumed to be dead.

Related topics [I.O.: in AL.com]: Deepwater Horizon, Gulf of Mexico oil spill, Gulf oil spill, National Oceanic and Atmospheric Administration, NOAA, oil spill

You can read this at it's original site, published May 1st, at AL.com:

http://blog.al.com/live/2010/05/video_shows_federal_officials.html

Does anyone reading this believe that BP is the problem in allowing this crisis to become more "significant," the word Rahm Emanuel used in his famous quote, "You never want a significant crisis to go to waste?" Is this administration allowing this disaster to worsen, in order to push for Cap and Trade law and a Climate Change Treaty? Are they actually fostering this horrific calamity, to build the coffers of investors in the Chicago Climate Exchange, while further transferring America's wealth to foreign nations and instituting global government over the sovereign United States of America (as reported here)? Is this effectively a false-flag attack upon this nation, blamed on an oil-rich "capitalist" corporation?

Follow the money, the means, and the ends, and see if you find extortion and globalist Marxofascism. As guest contributor, CJ affirmed last week, we need an honest and comprehensive investigation of this -- a criminal, RICO investigation which must include members of the United States Government. - AW

photos, NOAA
This is an update of an original I.O. entry on 6/15/2010

Obamafinance to 'Require Banks to Track and Report Personal Checking Accounts to Feds'

Viewing the Obama regime from I.O's perch, the bill most central to their globalist Marxofascist goals may be the Obamafinance bill, from Dodd & Company. I invite you to examine this new item from BigGovernment.com. There must be every bit as much mega-buzz about this attack on America (and about Cap and Trade) as there was about Obamacare. Sovereign Citizens must have the truth put in front of their faces. -- AW

Bailout Bill Would Require Banks to Track and Report Personal Checking Accounts to Feds
by Capitol Confidential

It’s amazing to watch the civil libertarians hide when Democrats propose the most sweeping intrusions of privacy in generations. In addition to the litany of bad policies contained in the Dodd Financial Reform bill is this nugget on pages 1039-1040. In short, it extends government reach to every deposit account of every citizen.
Subtitle G of the Dodd discussion draft bill requires that records be maintained and reported “for each branch, automated teller machine at which deposits are accepted, and other deposit taking service facility with respect to any financial institution, the financial institution shall maintain a record of the number and dollar amounts of deposit accounts of customers.”

What’s worse, banks will be required to submit these records to the new super regulatory agency called the Consumer Financial Protection Agency (page 1041). The CFPA will be allowed to use this information for any purpose “as permitted by law” under CFPA rules—rules set by CFPA themselves.

So, lets get this straight—the law requires banks to snoop on its customers MOST PERSONAL INFORMATION and submit it to another government agency so it can be used anyway the CFPA see’s fit.

continued....