Myths And Legends Die Hard – That’s Why The Casino Never Stops Expecting More Free Money

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This week has already seen a ‘shocking’ move from the PBOC that essentially disqualified almost half of repo collateral from usable status. That amounts to a massive tightening in a manner that is wholly unfamiliar to economists that remain fixated on simple variables like interest rates. The response to the move, especially with further economic data from China, is as if it never happened.
‘It [inflation at a 5-year low] will likely convince policymakers to ease their policy stance further and we continue to expect a RRR [bank reserve requirement ratio] cut in the near term, most likely this month,’ he told Reuters.
Last month, the country’s central bank unexpectedly cut interest ratesfor the first time in more than two years to spur activity.
The first paragraph is this very denial; while the second misreads what happened totally. Again, the PBOC is engaged in a stepped process of removing full monentarism from its presence and thus its toolkit. But they cannot simply go from A to B; instead they are taking a measured approach to figure out stress points (as best as they may be able).
After the February/March yuan occurrence, they went back and began to fortify the ‘good’ parts of the financial system in anticipation of the next step in ‘reform.’ In that context, this assumed ‘rate cut for the first time in two years’ makes perfect sense in that it was preparing and targeting the ‘good’ parts of the system in anticipation of what was about to follow it (the ignored tightening). With the next step in the ‘reform’ process currently taking place, that means there will be no broad PBOC ‘stimulus’ because that is exactly the expectation and reality they are trying very hard to erase.

This post was published at David Stockmans Contra Corner on December 10, 2014.

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Duck And Cover – – -The Lull Is Breaking, The Storm Is Nigh

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September 15, 2008 is the day that Lehman died and the moment that the world’s central banks led by the Fed went all-in. As it has turned out, that was an epochal leap into the most dangerous monetary deformation that the world has ever known.
It needn’t have been. What was really happening at this pregnant moment was that the remnants of honest capital markets were begging for a purge and liquidation of the speculative rot that had built up during the Greenspan era. But the phony depression scholar running the Fed, Ben Bernanke, would have none of it. So he falsely whooped-up a warning that Great Depression 2.0 was at hand – -sending Washington, Wall Street and the rest of the world into an all-out panic.
The next day’s AIG crisis quickly became ground zero – the place where the entire fraudulent narrative of systemic ‘contagion’ was confected. Yet that needn’t have been, either. In truth, AIG was not the bearer of a mysterious financial contagion that had purportedly arrived on a comet from deep space.
As subsequent history has now proven, AIG’s $800 billion globe spanning balance sheet at the time was perfectly solvent at the subsidiary level. Not a single life insurance contract, P&C cover or retirement annuity anywhere in the world was in jeopardy on the morning of September 16th.
The only thing gone awry was that the London-based CDS (credit default swap) operation of AIG’s holding company was monumentally illiquid. Joseph Cassano and the other latter-day geniuses who were running it had spent two decades picking up nickels (CDS premium) in front of a steamroller, while booking nearly the entirety of these winnings as profits – all to the greater good of their fabulous bonuses.

This post was published at David Stockmans Contra Corner on December 10, 2014.

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Dream On Herr Hatzius: You Dwell In A Giant Collapsing Bubble

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How ever-loving stupid do they think we really are?
Goldman’s plenipotentiary at the New York Fed, William Dudley or B-Dud, has been running around pointedly emitting a new word signal called ‘patient’ rather than ‘considerable time’ to describe the Fed’s interest raising plan. Then right on cue, his alter ego back at Goldman central, Herr Hatzius, yesterday dug out and circulated to the clientele an identical 10-year ago audible from when the Fed last changed its password in 2004:
In the 2003-2004 playbook, ‘considerable period’ gave way to ‘patient’ as a signal that the hikes were drawing closer, and it is interesting that the words ‘patient’ or ‘patience’ have shown up quite frequently in recent Fed speeches.
Finally, like clockwork at 6:30 PM last night, the Fed’s official out-sourced spokesman, Jon Hilsenramp, delivered the definitive message to the casino players through Rupert Murdoch’s drop box.
Federal Reserve officials are seriously considering an important shift in tone at their policy meeting next week: dropping an assurance that short-term interest rates will stay near zero for a ‘considerable time’…….
Mr.. Dudley – a part of Ms. Yellen’s inner circle of advisers – has suggested recently that the Fed could replace the assurance of low rates for a considerable time by stating more vaguely that it expects to be patient before moving……. The Fed took this approach the last time it was trying to engineer a liftoff from low rates, in 2004….(when it)dropped an assurance rates would stay low for a ‘considerable period’ and said it would be patient before raising rates.

This post was published at David Stockmans Contra Corner on December 9, 2014.

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The CIA Tortured More Than ‘Some Folks’ – – And Now The MSM Invites The Perpetrators To Lie Again

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/ December 9, 2014
It wasn’t that bad, we’ve been told, over and over again, for more than a decade. ‘We only waterboarded three people’ goes the line American officials have been force-feeding the world for years. ‘We tortured some folks,’ Barack Obama admitted recently, still downplaying war crimes committed in America’s name. But we now know those statements do not even begin to do justice to the horrific activities carried out by the CIA for years – atrocities that now have been exposed by the US Senate’s historic report on the CIA’s torture program, finally released on Tuesday after years of delay.
There are stories in the CIA torture report of ‘rectal rehydration as a means of behavior control’, threats to murder and ‘threats to sexually abuse the mother of a detainee’ – or cut a mother’s throat. There are details about detainees with broken bones forced to stand for days on end, detainees blindfolded, dragged down hallways while they were beaten. There were even torture sessions that ended in death. The list goes on and on, and on and on.
But beyond all the the depravity, perhaps the most shocking part of this exposed history is the action of US officials who knew these horrors were unfolding – and covered them up.
For years, as the 480-page executive summary of the report documents in meticulous detail, these officials lied to the Senate, the Justice Department, the White House, to the American public and to the world. They prevented CIA officers involved from being disciplined. They investigated and marginalized those who were investigating them. They happily leaked classified information to journalists – much of it false – without worry of consequence.

This post was published at David Stockmans Contra Corner By Trevor Timm theguardian.

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The Crucifixion of Jonathan Gruber by Mike Turner

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The following video was published by InvestmentResearchDynamics on Dec 9, 2014
Jonathan Gruber testified today before the House concerning the bait-and-switch tactic used to pass Obamacare despite the fact that the Administration knew the legislation was a flat out tax.
Gruber was a self-dealing architect of that legislation, the passage of which has netted his company millions in compensation. Gruber achieved notoriety by publicly boasting of his deception at the same time he berated Americans as stupid.
Today the chickens came home to roost for Jonathan Gruber, who got crucified during a 5-minute examination by Rep. Mike Turner.

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Reprise: The Quiet Coup d’Etat in the Anglo-American Financial System

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‘The fine thing about pacts with the devil is that when you sign them you are well aware of their conditions. Otherwise, why would you be recompensed with hell?’
Umberto Eco, The Name of the Rose
This is a reprise of an interview with MIT economist Simon Johnson which I first wrote about in February, 2009.
I think I ought to republish this as a reminder every few years, until reform has been achieved, or until the Internet goes dark.
Have we heeded Simon Johnson’s warning? Has he proven to be prescient? Is crony capitalism and the kleptocracy becoming bolder, more aggressive, ever more demanding?
“I think I’m signaling something a little bit shocking to Americans, and to myself, actually. Which is the situation we find ourselves in at this moment, this week, is very strongly reminiscent of the situations we’ve seen many times in other places.
But they’re places we don’t like to think of ourselves as being similar to. They’re emerging markets. It’s Russia or Indonesia or a Thailand type situation, or Korea. That’s not comfortable. America is different. America is special. America is rich. And, yet, we’ve somehow find ourselves in the grip of the same sort of crisis and the same sort of oligarchs…
But, exactly what you said, it’s a small group with a lot of power. A lot of wealth. They don’t necessarily – they’re not necessarily always the names, the household names that spring to mind, in this kind of context. But they are the people who could pull the strings. Who have the influence. Who call the shots…
…the signs that I see this week, the body language, the words, the op-eds, the testimony, the way they’re treated by certain Congressional committees, it makes me feel very worried.
I have this feeling in my stomach that I felt in other countries, much poorer countries, countries that were headed into really difficult economic situation. When there’s a small group of people who got you into a disaster, and who were still powerful. Disaster even made them more powerful. And you know you need to come in and break that power. And you can’t. You’re stuck….

This post was published at Jesses Crossroads Cafe on 09 DECEMBER 2014.

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David Stockman: Yellen’s ‘Bathtub Economics’ Is Producing a Cold Bath for the US

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Federal Reserve Chair Janet Yellen and her cronies are resorting to parlor tricks to prop up the U. S. economy, but the curtain will fall soon enough on their harmful efforts, according to David Stockman, White House budget chief during the Reagan administration.
One problem is that household debt is still off the charts even while Yellen et al are practicing ‘bathtub economics’ in the face of a glaring gap between income and jobs on the one hand, and aggregate demand for goods and services on the other, Stockman maintains.
‘This purported ‘output gap’ is conveniently self-serving. It has been interpreted to mean that the Fed has a plenary mission to fill up the nation’s economic bathtub by generating sufficient incremental aggregate demand to offset the shortfall.’
Writing on his Contra Corner blog, Stockman said Washington has empowered the Fed ‘to manipulate, massage, twist, bend and pump any financial variable that in its wisdom is deemed to influence the transmission of its monetary policy (i.e., ‘aggregate demand’ stimulus) into the real economy.’
However, the problem is that what drives the real main street economy, in his view, is nothing more than total spending by households and businesses. And spending can only be accomplished with income or debt.

This post was published at David Stockmans Contra Corner on December 5, 2014.

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THIS MUST-SEE DOCUMENTARY COULD CHANGE THE WHOLE WAY YOU SEE THE WORLD

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The worldwide awakening is picking up steam and having an effect on major parts of our overall culture, including the dictionary. No longer is it a mystery to individuals how the world is run: government and business team up to plunder wealth (taxation) and pay off friends. This system is called crony capitalism, and it is now in the Oxford dictionary.
According to oxforddictionaries.com, ‘crony capitalism’ is defined as an economic system of close, mutually advantageous relationships between business leaders and government officials. Reflecting the influence of popular culture, Oxford dictionary has included abbreviations like ‘IDC’ (I don’t care) and others.
New entries, other than crony capitalism, include ‘algorithmic trading’ (automated stock exchange trades made by computers …in order to manipulate global markets) ‘challenger bank’ (a small retail bank competing with big lenders); ‘misery index’ (a measure of economy adding together inflation and unemployment…both of which are fabricated numbers).

This post was published at Dollar Vigilante on December 4th, 2014.

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Five Facts About Who Is Really Behind the Food Stamp Program

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More than one in seven people.
That’s how many people are on food stamps in America these days. More than one in seven people.
In fact, the number of recipients of federal food assistance rose a whopping 171% between 2000 and 2011 alone, to an all-time record of more than 47 million Americans across the country now on the food stamp dole.
That means more U. S. citizens are receiving food stamp benefits now than in the entire history of the food stamp program ever.
One-sixth of the country is now receiving food stamps and the number just continues to climb.
Most argue this increase simply has to do with the terrible recession and resultant unemployment; but the food stamp program, now known as the Supplemental Nutrition Assistance Program or SNAP, is yet another crony capitalist scheme (surprise, surprise).
Many blame the people who need help instead of pointing the finger at a system designed to get as many people on the dole as possible. The government and the corporations it represents literally advertise to get as many people on food stamps as they can and then keep them there as a captured market for Wall St. banks, mega food corporations that churn out a bunch of crap food, and mega box and grocery stores that sell all that crap.
Here are a few more crony facts most people might not realize about our nation’s food stamp program.


This post was published at The Daily Sheeple on December 4th, 2014.

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Obama Bribes US Companies to Break the Law – Offers $3,000 to Hire Illegals instead of Americans

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Wow. President Obama and his Democrat cronies have done it again. They are once again showing the nation the incredible amount of disdain they have for the American people. This time, it’s the perfect storm of Obamacare, Amnesty and Unemployment…
The Democrats under Obama have created a perverse system of incentives that give companies 3,000 reasons to hire illegal aliens who have been amnestied instead ofunemployed American citizens…
Under the president’s new amnesty, businesses will have a $3,000-per-employee incentive to hire illegal immigrants over native-born workers because of a quirk of Obamacare.
President Obama’s temporary amnesty, which lasts three years, declares up to 5 million illegal immigrants to be lawfully in the country and eligible for work permits, but it still deems them ineligible for public benefits such as buying insurance on Obamacare’s health exchanges.
Under the Affordable Care Act, that means businesses who hire them won’t have to pay a penalty for not providing them health coverage – making them $3,000 more attractive than a similar native-born worker, whom the business by law would have to cover.

This post was published at The Common Sense Show on Dec 3, 2014.

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$178 Billion In Government Kickbacks: Meet The World’s Biggest Organized Crime Syndicate

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Once upon a time it was the Sicilian, or Russian, or Japanese, or Chinese mob that were some of the biggest sources of funding for corrupt government officials (incidentally, most of them). After all, the government is smart enough to realize that it is more lucrative to “cooperate” with the world’s biggest criminal syndicates than to wipe them out and cut off a major source of funding (of course, when it comes to populist optics and reelection, there is always an easy low-level perp walk every week or so to keep the peasants in place… and Diebold). So while the underlying symbiotic principle between the government and the world’s biggest criminal enterprise remains the same, the counterparty has changed.
So who, in simple numeric terms, is the world’s biggest organized crime syndicate?
The answer, courtesy of a new report by the Boston Consulting Group, which shows the transfer of some $178 billion in litigation costs into the pockets of government appartchiks in the past 6 years, is clear…

This post was published at Zero Hedge on 12/03/2014.

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The Birth of a Monster

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The Federal Reserve’s doors have been open for ‘business’ for one hundred years. In explaining the creation of this money-making machine (pun intended – the Fed remits nearly $100 bn. in profits each year to Congress) most people fall into one of two camps.
Those inclined to view the Fed as a helpful institution, fostering financial stability in a world of error-prone capitalists, explain the creation of the Fed as a natural and healthy outgrowth of the troubled National Banking System. How helpful the Fed has been is questionable at best, and in a recent book edited by Joe Salerno and me – The Fed at One Hundred – various contributors outline many (though by no means all) of the Fed’s shortcomings over the past century.
Others, mostly those with a skeptical view of the Fed, treat its creation as an exercise in secretive government meddling (as in G. Edward Griffin’s The Creature from Jekyll Island) or crony capitalism run amok (as in Murray Rothbard’s The Case Against the Fed).
In my own chapter in The Fed at One Hundred I find sympathies with both groups (you can download the chapter pdf here). The actual creation of the Fed is a tragically beautiful case study in closed-door Congressional deals and big banking’s ultimate victory over the American public. Neither of these facts emerged from nowhere, however. The fateful events that transpired in 1910 on Jekyll Island were the evolutionary outcome of over fifty years of government meddling in money. As such, the Fed is a natural (though terribly unfortunate) outgrowth of an ever more flawed and repressive monetary system.

This post was published at Ludwig von Mises Institute on DECEMBER 1, 2014.

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Why Crony Capitalism Will Be Hard To Uproot: Interview Of David Stockman

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David Stockman was elected to Congress at age 29 back in 1976; he was an avid student of Austrian economics and supported a gold-backed money system and a balanced budget. He later joined the Reagan administration as Budget Chief, where he watched in awe as the Reagan administration quickly became the most profligate spenders in the history of the United States.
After leaving the Reagan Cabinet, he worked at the well-known investment house Salomon Brothers, and later co-founded the Blackstone Group alongside legendary hedge-fund manager Steve Schwarzmann.
In his most recent book, The Great Deformation: The Corruption of Capitalism in America, Stockman systematically repudiates and dismantles the myths surrounding the Fed’s supposed past successes at helping the US economy avoid major breakdowns, going all the way back to the crash of ’29. Instead, as he explains, ‘Programs born out of desperation or idealism 75 years ago have ended up as fiscal time bombs like Social Security or as captive fiefdoms of one crony capitalist syndicate or another… Policies undertaken in the name of public good inexorably become captured by special interests and crony capitalists.’
The most important lesson I took from the book and the interview? Remember that there has never been a time of such profound debt saturation, coupled with intense crony capitalism, as today. No one has ever been here to tell how it turns out. We truly are in an unprecedented era…
David, can you explain how the ‘Fed put’ works on the stock markets and bond markets? How exactly does it translate into artificially higher stock prices and lower interest rates?
The Fed injects massive amounts of liquidity into Wall Street through the dealer system – that is, the 21 authorized treasury-bond dealers. The liquidity comes in the form of new credits to their bank accounts supplied by the Fed in return for the governments bonds, notes and bills, and even the GSE (Government-sponsored entity) obligations that it buys from them. The credit that the Fed supplies to the dealers is manufactured out of thin air; therefore it expands total credits and liquidity in the system. The dealers use it to buy other types of securities – stocks, bonds, derivatives positions and so forth.
Historically, the purpose of the Fed’s open-market intervention in this form was to encourage the banking system to extend credit to the business and household sectors, thereby stimulating economic growth, as predicated by the Keynesian model. That was always a one-time parlor trick, however, because with each cycle of easing leverage ratios in the business and household sectors were ratcheted steadily higher. Household debt ratios, for example, went from 80 percent of wage and salary income prior to 1975 to 220 percent by 2007.
The problem today is that we have reached ‘peak debt.’ The household sector has $13.3 trillion of debts1, even after the modest post- crisis deleveraging; the ratio is still sky-high at 180 percent of wage and salary income.

This post was published at David Stockmans Contra Corner on November 24, 2014.

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U.S. Senate Tries Public Shaming of New York Fed President Dudley

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Last Friday, the Senate Subcommittee on Financial Institutions and Consumer Protection, chaired by Sherrod Brown, effectively put William Dudley, President of the Federal Reserve Bank of New York, in stocks in the village square and engaged in a rather brilliant style of public shaming. With each well-formed question posed by the panel, Dudley’s jaded leadership of a hubristic regulator came into ever sharper focus.
There were a number of elephants in the room during the lengthy session that were only briefly touched upon but deserve greater scrutiny by the press. First, Congress knew that the New York Fed was a failed, crony regulator during the lead up to the financial collapse in 2008, but it granted it an even greater supervisory role under the Dodd-Frank financial reform legislation in 2010. This Congress has also failed to engage in public shaming of President Obama for brazenly ignoring the Dodd-Frank’s statutory mandate that calls for him to appoint, subject to Senate confirmation, a Vice Chairman for Supervision at the Federal Reserve Board of Governors, who could have shaped and monitored a more credible policing role for the New York Fed.
Section 1108 of Dodd-Frank requires: ‘The Vice Chairman for Supervision shall develop policy recommendations for the Board regarding supervision and regulation of depository institution holding companies and other financial firms supervised by the Board, and shall oversee the supervision and regulation of such firms.’ President Obama was required to nominate this individual once the Dodd-Frank Wall Street Reform and Consumer Protection Act became effective; that was July 21, 2010 – more than four years ago. The President has simply ignored this provision of the law – no doubt to the extreme satisfaction of Wall Street.
The final elephant is that as a result of giving a failed regulator enhanced power and failing to appoint a person to a leadership role in supervision, the U. S. Senate has effectively become Wall Street’s cop on the beat, doing the job the New York Fed’s cronyism prevents it from doing.
The last point was buttressed by the fact that simultaneous with this hearing, Senator Carl Levin’s Permanent Subcommittee on Investigations was holding its second day of hearings on how Wall Street, under the nose of the New York Fed, has massively and secretly gobbled up a huge swath of the nation’s physical commodities, like oil and aluminum, creating cost spikes for the consumer and industrial users while also placing huge trading bets on commodity prices.

This post was published at Wall Street On Parade By Pam Martens and Russ Marte.

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Hey, Monsanto! Were Anniston and Nitro just conspiracy theories too?

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Hey there, Monsanto Man! You like to paint those who are against you, your toxic sludge and what it is doing to our health and the planet as conspiracy theorists without a leg to stand on, while you paint your products as safe and beneficial to the environment.
Isn’t that exactly what you did in Anniston, Alabama, which is now a superfund site due to PCB contamination caused by you that you said was perfectly safe, and in Nitro, West Virginia, where people were poisoned with your Dioxin? You were ordered to pay on both of those catastrophes, weren’t you?
Yet, you still insist, even with numerous lawsuits in your checkered past, to flagrantly declare that your products are safe, once again. You have never once admitted blame nor accepted responsibility for your actions unless forced to by a court with a judge that for some insane reason, you have not managed to ‘influence.’
Let’s just take a little trip in the Wayback machine…
Anniston, Alabama and PCBs
On the west side of Anniston, the poor side of Anniston, the people ate dirt. They called it ‘Alabama clay’ and cooked it for extra flavor. They also grew berries in their gardens, raised hogs in their back yards, caught bass in the murky streams where their children swam and played and were baptized. They didn’t know their dirt and yards and bass and kids – along with the acrid air they breathed – were all contaminated with chemicals. They didn’t know they lived in one of the most polluted patches of America.

This post was published at FarmWars on Nov. 19, 2014.

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The Falcon Can No Longer Hear the Falconer

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We in the center that cannot hold can only watch as things fall apart.
In so many ways, the falcon can no longer hear the falconer. The phrase is drawn from William Butler Yeats’ poem, The Second Coming:
Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, and everywhere The ceremony of innocence is drowned; The best lack all conviction, while the worst Are full of passionate intensity.
The falcon can no longer hear the falconer describes our disintegrating era well.
The politicos can no longer hear the people they supposedly serve.
Concentrated wealth no longer heeds any falconer; it is free to exploit its power in the market and the halls of government.
Unconstrained by an inner falconer of integrity, many seek to game the system to maximize their private gain by any means available.
Market manipulators, equally unconstrained, ceaselessly rig markets for their private gain and the benefit of their cronies.

This post was published at Charles Hugh Smith on WEDNESDAY, NOVEMBER 19, 2014.

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Stockman And Stiglitz On Crony Capitalism: Agreements And Disagreements.

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The role of government in the economy has been a major public policy issue for more than two centuries. Critics of capitalism, at least since Karl Marx, have argued that the system is skewed to benefit the political and economic elite at the expense of the masses: the proletariat over the bourgeoisie, as Marx put it, or the 1 percent over the 99 percent, as the Occupy Movement that began in 2011 put it.
Two recent books have looked at these issues, one from the vantage point of the political left and the other from the political right. Joseph Stiglitz, a Nobel laureate economist and frequent commentator on the political left, discusses the way the system is skewed to support the 1 percent over the 99 percent in his book The Price of Inequality (2012), while conservative writer and former Michigan congressman and budget director in the Reagan administration David Stockman addresses these same issues from the political right in The Great Deformsation (2013). Considering their political leanings, it is worth emphasizing how much their books have in common when describing the causes of the major economic and political problems they perceive in the United States.
Both Stiglitz and Stockman argue that corruption of the U. S. political system is damaging both the economic system and democracy. This article documents the commonality of ideas in their two books while recognizing the significant differences in their policy recommendations.

This post was published at David Stockmans Contra Corner on November 17, 2014.

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The How and Why Behind Obama’s Mysterious Rise to the Presidency

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How does a man get elected President after serving less than one full term as a U. S. Senator? Does being a community activist/antagonist qualify one for the highest office in the land? Were the Soviet defectors correct in that Obama is the manifestation of a multi-generational plot to bring America to her knees? It is easy to comprehend how and why Putin would want to destroy America. But is Obama is his accomplice in this mission which could imperil all of us?
Former FBI Weatherman Task Force supervisor, Max Noel, noted that the FBI utilized a CARL test when it conducted background checks on various suspects. The acronym CARL stands for Character, Associates, Reputation, and Loyalty is used to assess candidates fitness to hold the highest office in the country. On each of these four points of power, Obama fails and fails miserably. Like many FBI law enforcementagents and officials, Noel was alarmed by the fact that someone like Barack Obama could capture the presidency. For some unexplained reason, Obama was never vetted before he became a candidate for the presidency by the FBI. This is an unacceptable result of our national security system and is wholly suggestive of internal plot to allow the installation of a blatantly communist advocate into the highest political position in America.
Soviet Defectors Warn of Deception and the Emergence of a Manchurian Candidate Did you really think Alger Hiss would be the last communist traitor to serve in a high level US governmental position?
Through the testimony of high-ranking Soviet defectors, it can clearly be established that the Russians have been engaged in a multi-generational plot to destroy the United States from within and from without. Domestically, the Russian communists are in the midst of completing a coup d’tat, with the help their communist stooge, Barack Obama. In the following paragraphs, the verbatim statements of high ranking Soviet defectors are offered as proof of these claims. The first three defectors tell how the Soviets are setting the table for America’s demise. Stunningly, the fourth defector warns our country of a Manchurian candidate type of leadership whose job it will be to hand over a weakened America to the Russians (see Part Two).
Today, many people have been in a position to now vet the President after Obama’s first six years in office and observed his ‘fundamental transformation of America’. This particular series will continue to connect the dots of the secretive and nefarious communist background of Barack Hussein Obama.

This post was published at The Common Sense Show on November 12, 2014.

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