"Thank you for this great post"
Arise and Shine
Obama’s Treasury Candidates: Old Guard Of The Corp, Elite & Confessions Of An Economic Hit Man & Ford announces $129M 3Q loss, burns $7.7B in cash
Obama’s Treasury Candidates: Old Guard Of The Corporate Elite
Steve Watson
Infowars. net
Thursday, Nov 6, 2008
All of the leading candidates for the position of Treasury Secretary under president elect Barack Obama directly represent the old guard of the corporate elite system that has used the American economy as it’s engine to drive their march toward a global empire for decades.
Under the banner of “change” whichever of these candidates is appointed to the Treasury will continue to rapidly expand the empowerment of the Federal Reserve monetary system and institute the very policies that have led us to the brink of financial ruin to move the economies of the world toward a centralized global banking system.
The Leading candidate for Obama’s Treasury Secretary is current Chairman of the Federal Reserve Bank of New York Tim Geithner.
In 2001, after leaving Bill Clinton’s Treasury, Geithner joined the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in October 2003. In 2006 he became a member of the influential Washington-based financial advisory body, Group of Thirty, which was founded in 1978 at the initiative of the Rockefeller Foundation.
Back in June of this year after attending the annual Bilderberg power brokers conference in Virginia, Geithner penned an article in the Financial Times in which he called for a worldwide financial overhaul and the implementation of a globalized banking system.
Geithner stated that the US Federal Reserve should play a “central role” in the new regulatory framework, working closely with supervisors in the US and round the world.
“At present the Fed has broad responsibility for financial stability not matched by direct authority and the consequences of the actions we have taken in this crisis make it more important that we close that gap,” Geithner wrote.
How can Geithner represent real change when he is a long time servant of the very entities that created the conditions for and perpetuated financial meltdown for years?
Geithner represents an entrenched central banking system that has killed the free market, built up a power monopoly over the money and credit system, consistently followed an intrinsically detrimental path of ceaseless borrowing and presided over the fundamentally damaging process of printing of money out of thin air, leading to the devaluation of the US dollar which now has a global reputation on a par with if not worse than that of George W. Bush.
Geithner represents a critically bloated bastard entity of government and private wealth that has manipulated interest rates and falsely inflated bubbles that have fostered an economy of moral hazard and driven the world straight into a financial black hole.
In what way does this man offer any possibility of “change”?
He now advocates the implementation of measures of predatory globalism to solve the very crisis those policies have created. And he will have the tools to do it after the recent bailout bill passed granting the Treasury virtual dictatorial powers over economic policy.
Geithner is likely to get the nod as Treasury Secretary because he best fits the appearance of change, even though he does not represent any significant change.
Consider the following from a recent New York Times article:
[...] one senior adviser said it would be important to send a message of change at a time of economic crisis. “You can expect a fresh face instead of a recycled face” at the Treasury, the adviser said. He said that would include the boyish-looking Mr. Geithner, 47, who worked at the Treasury under Mr. Clinton and his Republican predecessors and has generally gotten high marks for his role in shaping the government response to the current crisis.
These traits symbolize Obama’s presidency to the tee, he appears to offer change on the surface, but underneath he offers as little real change from the entrenched elitist system in Washington as a McCain presidency would have or if George W. Bush had simply announced he was going to serve a third term.
(Article continues below)
The other candidates for Treasury secretary are likely to pursue exactly the same path as Geithner.Those candidates are:
Paul A.Volcker
The former Federal Reserve chief was a key figure in the decision to suspend gold convertibility in 1971, which resulted in the collapse of the Bretton Woods system. Volcker’s policies and continued high interest rates contributed to the significant recession the US economy experienced in the early 1980s, which included the highest unemployment levels since the Great Depression.
After leaving the Fed he became chairman of J. Rothschild, Wolfensohn & Co, the prominent New York investment banking firm run by former president of the World Bank and prominent Bilderberger James D. Wolfensohn.
Volcker was also a founding member of the Trilateral Commission along with David Rockefeller, whom he has also worked with at Chase Bank and through membership of the Trust Committee of Rockefeller Group, Inc.
As of October 2006, he is the current Chairman of the Board of Trustees of the Rockerfeller-founded Group of Thirty.
Robert E.Rubin
Former Treasury Secretary during the first and second Clinton administrations.
Rubin is as much to blame for the creation of the current financial crisis as Alan Greenspan is, as both men ignored the advice of the Commodity Futures Trading Commission (CFTC) and strongly opposed the regulation of derivatives. Over-exposure to credit derivatives of mortgage-backed securities - or credit default swaps (CDS) was a key reason for the failure of Bear Stearns, Lehman Brothers, Merrill Lynch, American International Group, and Washington Mutual in 2008.
On November 4, 2007, Rubin became the Chairman of Citigroup and is currently co-chairman of the board of directors of the Council on Foreign Relations. Rubin is also a member of the Group of Thirty.
Lawrence H.Summers
Former chief Economist for the World Bank (1991–1993) and Secretary of the Treasury for the last year and a half of the Clinton administration. Also served as the 27th President of Harvard University from 2001 to 2006.
Summers has been persistently criticized as an ardent proponent of globalization.
He has been involved in scandal several times, but perhaps the most notable was in December 1991 while at the World Bank. Summers signed a memo, which was subsequently leaked to the press, stating that developed countries ought to export more pollution to developing countries because these countries would incur the lowest cost in terms of lost wages of people made ill or killed. An aside to the memo stated that “the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that”.
Summers is also a member of the Group of Thirty, the Council on Foreign Relations and the Trilateral Commission.
So there you have it, choose your poison. Although they all have different labels they originate from the same bottle. These people do not represent change, they represent a continuation of the same elitist system that has no allegiance to the US and has been driving the American economy into the ground as part of its maniacal agenda for decades.
http://www. infowars. com/?p=5805 Confessions Of An Economic Hit Man
Confessions of an Economic Hit Man - Part I
..Perkins - Confessions of an Economic Hitman (2004) - Upload a Document to Scribd.... Read this document on Scribd: Perkins - Confessions of an Economic Hitman (2004) ..
Ford announces $129M 3Q loss, burns $7.7B in cash
By TOM KRISHER and JAMES PRICHARD, AP Business Writers
DEARBORN, Mich. – Ford Motor Co. says it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion in cash.
The automaker also said Friday it will cut about 2,260 more white-collar employees in North America as it tries to weather the worst economic downturn in decades.
Ford says it lost 6 cents per share for the quarter, compared with a loss of $380 million, or 19 cents per share, a year ago.
The company posted a pretax loss of $2.7 billion from continuing operations. But it was offset partly by a $2 billion gain as the company shifted retiree health care liabilities to a trust run by the United Auto Workers.
Sales fell 22 percent to $32.1 billion from $41.1 billion due to lower volume and the sale of Jaguar and Land Rover.
Excluding special items, Ford lost $1.31 per share, worse than Wall Street expected. Analysts surveyed by Thomson Reuters predicted a loss of 94 cents per share on sales of $28 billion.
Dearborn-based Ford reported its worst three-month performance ever in the second quarter, when it lost nearly $8.7 billion.
The cash burn — in which a company spends more money than it takes in — was far higher than the $2.1 billion it burned through in the second quarter.
Ford said the cash burn primarily reflected pretax automotive losses, changes in working capital and payments to its credit arm to reduce interest rates for buyers. It was exacerbated by sales drops and production cuts of 500,000 fewer vehicles from second-quarter levels, resulting in $3 billion less in incoming cash for the quarter.
Chief Financial Officer Lewis Booth would not say if he expects the cash burn rate will continue at the present levels.
"With our present assumptions, we are comfortable with our liquidity position," Booth told reporters Friday morning. "I think it goes without saying, forecasting the future at the moment is extremely difficult. Trying to find out just exactly what is happening with the consumer is really tough."
Industry analysts say that if the economy doesn't improve, Ford could run out of money sometime after 2010.
U.S. automakers have approached the U.S. government for low-interest loans as they try to weather the global economic slowdown.
Ford is among automakers that are talking with the European Commission for a 40 billion euro low-interest loan. It also is talking to other governments.
Ford said it will cut North American production in the fourth quarter by 40,000 units more than what was announced in September, primarily with shift reductions and temporary plant shutdowns. In September, the company announced a fourth-quarter production cut of 171,000 units over the fourth quarter of last year, mainly in trucks.
The salaried cuts, Ford said, equate to about 10 percent of its North American salaried work force of 22,600.
It also said that it has no plans to offer more buyout or early retirement packages to blue-collar workers.
Ford announced that some of its vehicle programs will be deferred, although the company described the moves as minor timing changes.
Steve Watson
Infowars. net
Thursday, Nov 6, 2008
All of the leading candidates for the position of Treasury Secretary under president elect Barack Obama directly represent the old guard of the corporate elite system that has used the American economy as it’s engine to drive their march toward a global empire for decades.
Under the banner of “change” whichever of these candidates is appointed to the Treasury will continue to rapidly expand the empowerment of the Federal Reserve monetary system and institute the very policies that have led us to the brink of financial ruin to move the economies of the world toward a centralized global banking system.
The Leading candidate for Obama’s Treasury Secretary is current Chairman of the Federal Reserve Bank of New York Tim Geithner.
In 2001, after leaving Bill Clinton’s Treasury, Geithner joined the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in October 2003. In 2006 he became a member of the influential Washington-based financial advisory body, Group of Thirty, which was founded in 1978 at the initiative of the Rockefeller Foundation.
Back in June of this year after attending the annual Bilderberg power brokers conference in Virginia, Geithner penned an article in the Financial Times in which he called for a worldwide financial overhaul and the implementation of a globalized banking system.
Geithner stated that the US Federal Reserve should play a “central role” in the new regulatory framework, working closely with supervisors in the US and round the world.
“At present the Fed has broad responsibility for financial stability not matched by direct authority and the consequences of the actions we have taken in this crisis make it more important that we close that gap,” Geithner wrote.
How can Geithner represent real change when he is a long time servant of the very entities that created the conditions for and perpetuated financial meltdown for years?
Geithner represents an entrenched central banking system that has killed the free market, built up a power monopoly over the money and credit system, consistently followed an intrinsically detrimental path of ceaseless borrowing and presided over the fundamentally damaging process of printing of money out of thin air, leading to the devaluation of the US dollar which now has a global reputation on a par with if not worse than that of George W. Bush.
Geithner represents a critically bloated bastard entity of government and private wealth that has manipulated interest rates and falsely inflated bubbles that have fostered an economy of moral hazard and driven the world straight into a financial black hole.
In what way does this man offer any possibility of “change”?
He now advocates the implementation of measures of predatory globalism to solve the very crisis those policies have created. And he will have the tools to do it after the recent bailout bill passed granting the Treasury virtual dictatorial powers over economic policy.
Geithner is likely to get the nod as Treasury Secretary because he best fits the appearance of change, even though he does not represent any significant change.
Consider the following from a recent New York Times article:
[...] one senior adviser said it would be important to send a message of change at a time of economic crisis. “You can expect a fresh face instead of a recycled face” at the Treasury, the adviser said. He said that would include the boyish-looking Mr. Geithner, 47, who worked at the Treasury under Mr. Clinton and his Republican predecessors and has generally gotten high marks for his role in shaping the government response to the current crisis.
These traits symbolize Obama’s presidency to the tee, he appears to offer change on the surface, but underneath he offers as little real change from the entrenched elitist system in Washington as a McCain presidency would have or if George W. Bush had simply announced he was going to serve a third term.
(Article continues below)
The other candidates for Treasury secretary are likely to pursue exactly the same path as Geithner.Those candidates are:
Paul A.Volcker
The former Federal Reserve chief was a key figure in the decision to suspend gold convertibility in 1971, which resulted in the collapse of the Bretton Woods system. Volcker’s policies and continued high interest rates contributed to the significant recession the US economy experienced in the early 1980s, which included the highest unemployment levels since the Great Depression.
After leaving the Fed he became chairman of J. Rothschild, Wolfensohn & Co, the prominent New York investment banking firm run by former president of the World Bank and prominent Bilderberger James D. Wolfensohn.
Volcker was also a founding member of the Trilateral Commission along with David Rockefeller, whom he has also worked with at Chase Bank and through membership of the Trust Committee of Rockefeller Group, Inc.
As of October 2006, he is the current Chairman of the Board of Trustees of the Rockerfeller-founded Group of Thirty.
Robert E.Rubin
Former Treasury Secretary during the first and second Clinton administrations.
Rubin is as much to blame for the creation of the current financial crisis as Alan Greenspan is, as both men ignored the advice of the Commodity Futures Trading Commission (CFTC) and strongly opposed the regulation of derivatives. Over-exposure to credit derivatives of mortgage-backed securities - or credit default swaps (CDS) was a key reason for the failure of Bear Stearns, Lehman Brothers, Merrill Lynch, American International Group, and Washington Mutual in 2008.
On November 4, 2007, Rubin became the Chairman of Citigroup and is currently co-chairman of the board of directors of the Council on Foreign Relations. Rubin is also a member of the Group of Thirty.
Lawrence H.Summers
Former chief Economist for the World Bank (1991–1993) and Secretary of the Treasury for the last year and a half of the Clinton administration. Also served as the 27th President of Harvard University from 2001 to 2006.
Summers has been persistently criticized as an ardent proponent of globalization.
He has been involved in scandal several times, but perhaps the most notable was in December 1991 while at the World Bank. Summers signed a memo, which was subsequently leaked to the press, stating that developed countries ought to export more pollution to developing countries because these countries would incur the lowest cost in terms of lost wages of people made ill or killed. An aside to the memo stated that “the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that”.
Summers is also a member of the Group of Thirty, the Council on Foreign Relations and the Trilateral Commission.
So there you have it, choose your poison. Although they all have different labels they originate from the same bottle. These people do not represent change, they represent a continuation of the same elitist system that has no allegiance to the US and has been driving the American economy into the ground as part of its maniacal agenda for decades.
http://www. infowars. com/?p=5805 Confessions Of An Economic Hit Man
Confessions of an Economic Hit Man - Part I
..Perkins - Confessions of an Economic Hitman (2004) - Upload a Document to Scribd.... Read this document on Scribd: Perkins - Confessions of an Economic Hitman (2004) ..
Ford announces $129M 3Q loss, burns $7.7B in cash
By TOM KRISHER and JAMES PRICHARD, AP Business Writers
DEARBORN, Mich. – Ford Motor Co. says it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion in cash.
The automaker also said Friday it will cut about 2,260 more white-collar employees in North America as it tries to weather the worst economic downturn in decades.
Ford says it lost 6 cents per share for the quarter, compared with a loss of $380 million, or 19 cents per share, a year ago.
The company posted a pretax loss of $2.7 billion from continuing operations. But it was offset partly by a $2 billion gain as the company shifted retiree health care liabilities to a trust run by the United Auto Workers.
Sales fell 22 percent to $32.1 billion from $41.1 billion due to lower volume and the sale of Jaguar and Land Rover.
Excluding special items, Ford lost $1.31 per share, worse than Wall Street expected. Analysts surveyed by Thomson Reuters predicted a loss of 94 cents per share on sales of $28 billion.
Dearborn-based Ford reported its worst three-month performance ever in the second quarter, when it lost nearly $8.7 billion.
The cash burn — in which a company spends more money than it takes in — was far higher than the $2.1 billion it burned through in the second quarter.
Ford said the cash burn primarily reflected pretax automotive losses, changes in working capital and payments to its credit arm to reduce interest rates for buyers. It was exacerbated by sales drops and production cuts of 500,000 fewer vehicles from second-quarter levels, resulting in $3 billion less in incoming cash for the quarter.
Chief Financial Officer Lewis Booth would not say if he expects the cash burn rate will continue at the present levels.
"With our present assumptions, we are comfortable with our liquidity position," Booth told reporters Friday morning. "I think it goes without saying, forecasting the future at the moment is extremely difficult. Trying to find out just exactly what is happening with the consumer is really tough."
Industry analysts say that if the economy doesn't improve, Ford could run out of money sometime after 2010.
U.S. automakers have approached the U.S. government for low-interest loans as they try to weather the global economic slowdown.
Ford is among automakers that are talking with the European Commission for a 40 billion euro low-interest loan. It also is talking to other governments.
Ford said it will cut North American production in the fourth quarter by 40,000 units more than what was announced in September, primarily with shift reductions and temporary plant shutdowns. In September, the company announced a fourth-quarter production cut of 171,000 units over the fourth quarter of last year, mainly in trucks.
The salaried cuts, Ford said, equate to about 10 percent of its North American salaried work force of 22,600.
It also said that it has no plans to offer more buyout or early retirement packages to blue-collar workers.
Ford announced that some of its vehicle programs will be deferred, although the company described the moves as minor timing changes.
Replies to This Discussion
-
Permalink Reply by James and Terry Hamilton on
-
The Elite have a new man in position~~~Lets hope in the process the Ruach descend's upon Mr "O" and he does the right' thing"
-
About
We are serious about your spiritual/physical health & well being~~~
Thank you for joining and adding value to the quest of the meaning of life/chayim
~Shalom/Welcome to SHEKINAH~LIFE'¬ Your hosts Jim and Terry Hamilton
B"H.
As The Zohar itself proclaims: "Woe unto those who see in the Law nothing but simple narratives and ordinary words .... Every word of the Law contains an elevated sense and a sublime mystery .... The narratives of the Law are but the raiment within which it is swathed."
Shalom to one and all/.....Your host:
Jim and Terry
http://ShekinahLife.ning.com/m (mobile)\
TZEDAKAH / donations
SHALOM ALEICHEM
join us here Shekinah~Life
Leaving Comments: The Comments section of ShekinahLife-is provided in the interests of free speech only.
It is mostly moderated, however comments that are off topic, offensive, slanderous, or otherwise annoying-and-or-spamming stand a chance of being edited or deleted
Enjoy your Journey~"Y&T"
Latest Activity
- Top News
- Everything
Rose sharon -shekinahlife
In the beginning of the "Zohar" the Article, the Rose,..it says: "Just as the rose among thorns is…
© 2025 Created by James and Terry Hamilton.
Powered by
