Sheriff Threatens Feds With SWAT Team ~ Grass Roots Take Charge!

http://politicalvelcraft.org/2011/11/14/u-s-sheriffs-rise-up-against-federal-government-sheriff-threatens-feds-with-swat-team/

U.S. Sheriffs Rise Up Against Federal Government: Sheriff Threatens Feds With SWAT Team ~ Grass Roots Take Charge!

November 14, 2011 by Volubrjotr 148 Comments

Sheriff Threatens Feds With SWAT Team

As more people became dissatisfied with federal government controls and land grabs, it was inevitable that local law enforcement would eventually see the bigger picture. At the northern California fairgrounds of Yreka last month, seven California sheriffs and another from Oregon gathered with a large group of citizens to say that they are finally going to do something about it.
“A giant has been awakened,” said Plumas County, Calif. Sheriff Greg Hagwood, “and they didn’t count on that,” speaking of the federal bureaucracy.

With exposure of the Emergency Management Center in San Luis Obispo a few decades ago, California began to offer the rest of the nation some evidence of the psychological conditioning aimed from the federal level at state, county and city law enforcement.

• Nevada Sheriff Tony DeMeo Stops Federal Government: Feds Engaging In Illegal Confiscation Of Cattle And Water Rights Of County Property Owner.
• Oregon Sheriff Gil Gilbertson Gives Federal Agents The Boot: Feds Have No Jurisdiction!

Dean Wilson, sheriff of Del Norte County (Sacramento), is a great example of this great awakening. He received the loudest and longest applause  for his candor in confessing past faults after apologizing for not understanding the central government assault and land grab being committed against the people and what he should have been doing about it. Only in the past year has he done a turnaround and begun to behave as a county sheriff instead of an extension of federal law enforcement.


“I had spent a good part of my life enforcing the penal code, but not understanding my oath of office,” he told the audience. “I was ignorant and naïve, but now I know of the assault against our people by the federal government.”

• Montgomery County Sheriff’s Office To Launch Drone: Texas Sheriff Gains Bird’s-Eye View To Keep Check On Crimes By Federal, Domestic, Or Criminal Aliens!

Host sheriff John Lopey of Siskiyou County, speaking about the federal environmental intervention, said: “I have told federal and state officials over and over that, yes, we want to preserve the environment, but you care more about the fish, frogs, trees and birds than you do about the  human race. When will you start to balance your decisions to the needs of the people?” Later he told the audience, “We are right now in a fight for our survival.”
Glenn Palmer, sheriff of Grant County, Oregon, said, “If an elected official has not taken an oath of office, he does not belong in office.”
AFP readers are familiar with the work of former Arizona Sheriff Richard Mack, who has spent the latter half of his life teaching sheriffs that they are the top law enforcement officers in their counties despite continuing federal intervention attempts. The ears that were deaf for so long may finally be starting to hear.

• States Of The Republic: Correcting Their Wayward Child ~ New Laws Constraining The Federal Government.
• Stop Homeland Security Agents Cold In Tennessee: McNairy County Sheriffs!

“It’s becoming a national movement now,” Mack told AFP, citing Immigration and Naturalization Service failure at the Mexican borders, the phony drug war, plus IRS and other unconstitutional intervention within these states.
His plans to take this movement national will be launched at a January meeting, where he anticipates 200 sheriffs will be in attendance.
“The county sheriff is the last line of defense guarding our people’s liberty,” he said.
Retired USAF Col. Richard Niemela of Reston, Va. has been exposing the federal monster for years.
He told AFP: “It’s the surreptitious domination by international globalists insidiously using unauthorized and illegal tactics to render null and void those historic and unique powers of the sheriff.”

 

Market and Macro Econ Update 11/05/11

Submitted by: Francis Soyer

As our media continues to spew out garbage day after day essentially saying the same things over and over again about how bad the Euro zone situation is and how it might be solved one day and how it will fail the next. I thought it reasonable to get into the actual numbers of what all of these media organizations seem to ignore. How bad is it? Who is next and is the crisis solvable. From my sheet which is base and pulling numbers that are ball park ranges for government stats provided the situation in the Euro zone is materially LESS worse than they are here in the U.S.A.

To summarize: Greece with a pathetic annual GDP of roughly $305,415,000,000 our maybe twice the annual GDP of California.. has a debt to equity ratio of 122.70%. Meaning for every dollar they make there is an existing one dollar and twenty two point 7 cents of debt that is owed on that dollar of GDP revenue.

In second place is Italy with a debt to equity ratio of 109.37% and then in third Belgium at 91.72%

What is more interesting is that in comparison the USA comes in at 102.67% which would put us behind Italy. This ratio will change once debt ceiling wrangling begins in December when congress will need to increase that ceiling by roughly 5 trillion or 20% which will put us well in front of Greece as most insolvent in the world. What happens then? Financial disaster and another crushing blow to the value of the dollar. See table below.

Global Debt Summary A/O 11/05/11
		Debt		% of Ann GDP	2009 to 2010	GDP As Reported	GDP As Reported
Euro Zone	Public Debt	Per Capita	Population	World Debt Clock	Change	IMF A/O 2010	IMF A/O 2009
Greece	374,758,904,110	34,069	11,000,000	122.70%	-24,509,000,000	305,415,000,000	329,924,000,000
Italy	2,247,586,027,397	37,305	60,248,493	109.37%	-57,666,000,000	2,055,114,000,000	2,112,780,000,000
Belgium	429,046,301,370	40,476	10,600,000	91.72%	-743,000,000	467,779,000,000	468,522,000,000
France	2,089,358,630,137	33,100	63,122,739	81.53%	-83,648,000,000	2,562,742,000,000	2,646,390,000,000
Portugal	174,502,465,753	16,462	10,600,000	76.15%	1,478,000,000	229,154,000,000	227,676,000,000
Ireland	147,186,301,370	34,831	4,225,753	71.11%	-20,208,000,000	206,985,000,000	227,193,000,000
Germany	2,302,336,712,329	27,739	83,000,000	70.06%	-43,581,000,000	3,286,451,000,000	3,330,032,000,000
Malta	5,477,260,274	13,693	400,000	66.22%	822,000,000	8,271,000,000	7,449,000,000
Austria	245,868,767,123	29,270	8,400,000	65.15%	-7,526,000,000	377,382,000,000	384,908,000,000
Spain	895,289,863,014	19,442	46,048,493	63.50%	-50,304,000,000	1,409,946,000,000	1,460,250,000,000
Netherlands	470,218,082,192	28,370	16,574,246	60.23%	-11,460,000,000	780,668,000,000	792,128,000,000
Cyprus	12,883,287,671	16,104	800,000	55.59%	-1,736,000,000	23,174,000,000	24,910,000,000
Finald	106,992,328,767	19,908	5,374,246	44.73%	1,665,000,000	239,177,000,000	237,512,000,000
Slovenia	17,830,410,959	8,915	2,000,000	37.35%	-744,000,000	47,733,000,000	48,477,000,000
Slovakia	32,325,753,425	5,986	5,400,000	36.96%	-192,000,000	87,450,000,000	87,642,000,000
Luxembourg	7,803,013,699	15,606	500,000	14.14%	2,746,000,000	55,195,000,000	52,449,000,000
Estonia	1,400,000,000	1,077	1,300,000	7.27%	133,000,000	19,253,000,000	19,120,000,000
Total Debt	9,560,864,109,590	22,491	329,593,970	78.61%	(295,473,000,000)	12,161,889,000,000	12,457,362,000,000
		EU Zone Avg. Per
		Capita Debt
		Debt		% of Ann GDP	2009 to 2010	GDP As Reported	GDP As Reported
USA	Public Debt	Per Capita	Population	World Debt Clock	Change	IMF A/O 2010	IMF A/O 2009
United States	14,940,082,649,500	47,802	312,538,895	102.67%	537,000,000,000	14,551,800,000,000	14,014,800,000,000
		Debt	Tax Payer	% of Ann GDP	2009 to 2010	GDP As Reported	GDP As Reported
USA	Public Debt	Per Tx Pyer	Population	Tax Payer Debt	Change	IMF A/O 2010	IMF A/O 2009
United States	14,940,082,649,500	108,275	137,982,203	102.67%	537,000,000,000	14,551,800,000,000	14,014,800,000,000

Market Update 11/1/11

Submitted by: Francis Soyer

Happy November. Now that the window dressing on light volume for 10/31/11 is behind us and the market has done its homework on how ludicrous the proposed bailout plan as of last week is now we see where the rubber meets the road so to speak. In short (and time to panic and get short) The financial system collapse has begun in Ernest. The Euro is in it's early innings of being blown apart. Next up the U.S.D. with Congress needing to figure out how they will raise the debt ceiling over $5 Trillion for FY 2012 in order to avoid defaulting. This of course has to be done during an election year with both parties having axes to grind. Good luck, they will need it... The key issues of the day are the following:

MF Global while not quite a LTCM (Long Term Capital Management) blow up it is severe and will shake confidence in futures and capital markets.

Former PBoC Monetary Policy Committee Member: "Beijing Will Not Ride To Eurozone’s Rescue"

Emergency Greek Cabinet Meeting At 4 pm Local - Early Elections, Referendum To Be Discussed 

10Y Bund Yield Drops 5 Standard Deviations, Most Ever

• ONE GREEK RULING SOCIALIST LAWMAKER QUITS PARLIAMENTARY GROUP - STATE TV MORE - RTRS
• GREEK MP'S MOVE REDUCES PM PAPANDREOU'S MAJORITY TO 152 OUT OF 300 DEPUTIES - RTRS
• More resignations/defections from Greek ruling part is possible according to an Official - Dow Jones

Political Wednesday 10/26/11 Ron Paul Continued

Submitted by: Francis Soyer

In the early hours of the morning 2:00 a.m. to be specific and grinding out my due diligence on political affairs I have come across something profound. I have found resolution to apathy. The apathy that has hovered over me since I have been old enough to vote is beginning to to lesson its cold grip.

Every four years its seems that I like almost all other Americans will have to make the choice of the lesser of two evils. For this coming election in 2012 I feel that GOD himself has provided us with a messenger, a man of integrity, a man of TRUTH, a man not afraid to speak that truth, a scholar and a prince of peace and of how to achieve well being and prosperity for all.

As a student of the constitution and of the founding fathers I can say that he does remind me of Thomas Jefferson and Benjamin Franklin.

As a business man I have traveled the world, managed multi billion dollar hedge funds and have seen just about anything and everything you could imagine. I have learned how businesses work, what makes them successful what makes them fail and how to identify talent and intelligence. I have learned how to spot liars, clowns and whores. After my due dil on Ron Paul I can honestly say that there is reason for hope. In my industry what he has to say has profound meaning. That meaning is of a positive nature that I do not think you could imagine. 

He has my vote and I will do whatever I can to help him get there. I hope you get to know him. I am busy trading my way to feed myself and family but I will provide as much as I can on my blog to inform you as things progress. If he were a stock I would buy until my gums, fingers and toes bled.


Best,

Francis

Political Wednesday Ron Paul Update 10/25/11

Submitted by: Francis Soyer

As a follow up to the last post as we anger to put some perspective on the 2012 elections see the below. My take away from researching Ron Paul is that given how our media intentionally ignores him gives me the signal that he will be the one to be elected president. Why? because he stands for the very document that made this country break away from England and become the greatest power on earth. What is that document? It is the U.S. Constitution. Read it you will not be disappointed and it is this citizen journalists opinion that you will realize just how brilliant our founding fathers were.

I have contributed to his campaign to the point where my gums bled, and the funny thing is that as far as campaign contributions he is absolutely blowing away all other republican candidates by multiples and these contributions are not coming from special interests. They are coming by way of $10 and $15 donations FROM PEOPLE LIKE YOU AND ME! No wonder why Ronald Reagan liked him....

Political Wednesday 10/26/11

Submitted by: Francis Soyer

So in answer to some questions that I get frequently...what the heck is going on in the markets, why are they so crazy etc. etc. I was lucky enough to find a video summary that quickly and decisively describes our current situation. Video Below.

Gold and Silver Update 10/24/11

Submitted by: Francis Soyer

In terms of currency revaluation on the heels of global currency collapse i.e. failure of the Euro and then the inevitable failure or default on the U.S.D. the global reserve currency, the article below ends up on the higher end of the range when central bank assets get a global reset and then tied to the hard asset value of Gold and Silver. In short the valuation in this article comes in at around $10,000 per ounce on Gold roughly a 5 multiple from here which would give us $150 per ounce on silver. Pretty scary stuff but the work from these fund managers appears to be reasonable. As for the timing of such events, this analyst expects this scenario to play out roughly by the end of 2012. The article is below with the link.

Best,

Francis

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/19_KWN_Special__Dollar_Devaluation_Coming,_Gold_to_be_Revalued.html
With continued worries surrounding the metals markets, today King World News spoke with the firm that is calling for $10,000 gold.  Paul Brodsky, who co-founded QB Asset Management Company, explains, “We spent twenty odd years as bond traders before deciding there was no value anywhere in the interest rate arena at all.  As that background would imply, we like to know what fair value is for things.  So we went back and knowing that gold was fundamentally cheap we wanted to find where purchasing power parity would be based on all past monetary inflation.”

Paul Brodsky continues:

 

“We figured you should take the monetary base and divide it by official gold holdings.  That would give you the price in terms of monetary inflation that it would be worth today.  Coincidentally, after we came up with that theory we went back and looked at what they used to use, the formula for arriving at the Bretton Woods dollar exchange value with gold at $35 and it was the same formula.  So if you were to divide base money by official gold holdings today, after QE2, you would come up with a price just north of $10,000 an ounce.”

When asked how he sees this playing out, Brodsky responded, “At some point the Fed will have to formally devalue the dollar vs gold and I think all central banks, economies and treasury ministries will have to fall in line with that.  The way this would be accomplished might look very similar to the way they have been targeting interest rates through the Fed funds market....

.

“We may go into a weekend and if confidence continues to erode to the point where global trade really falls off a cliff and commercial exchange drops dramatically because fewer people have confidence in the currencies they are receiving, then I could see the Fed or the Treasury opens the drawer and they take out plan B.

This would mean they say, ‘Ok, on Monday the Fed would be tendering all gold at $10,000 an ounce,’ or some number that would cover that debt.  So if the debt is $53 trillion and the monetary base is not quite $3 trillion, then they would come up with a number where bank assets or loans would be covered and that would be the magnitude of the devaluation. 

They tender for gold, using this example, at $10,000 an ounce.  The proclamation itself would not be inflationary, but the act of purchasing private sector gold at $10,000 an ounce would demand they print a bunch of money and that would be inflationary.  That is how the system would be de-levered.

That would have good ramifications, even though it’s highly inflationary and it devalues the dollar dramatically, it would have politically expedient benefits to debt holders.  So we see that as being the end game.”

This is why it is absolutely critical to own physical gold and silver.  When the monetary system is rebooted and gold is revalued, you don’t want to be left holding fiat money.

BAC update 10/24/11

Submitted by: Francis Soyer

BAC is in trouble. At this point there simply is no doubt. In terms of their balance sheet a couple of Financial Journalists from Main Stream Media have picked up on it. The article with links is below.

If you have any doubt that Bank of America is going down, this development should settle it …. Both [professor of economics and law, and former head S&L prosecutor] Bill Black (who I interviewed just now) and I see this as a desperate move by Bank of America’s management, a de facto admission that they know the bank is in serious trouble. The short form via Bloomberg:

Bank of America Corp. (BAC), hit by a credit downgrade last month, hasmoved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation…
Bank of America’s holding company — the parent of both the retail bank and the Merrill Lynch securities unit — held almost $75 trillion of derivatives at the end of June, according to data compiled by the OCC. About $53 trillion, or 71 percent, were within Bank of America NA, according to the data, which represent the notional values of the trades.
That compares with JPMorgan’s deposit-taking entity, JPMorgan Chase Bank NA, which contained 99 percent of the New York-based firm’s $79 trillion of notional derivatives, the OCC data show.

Now you would expect this move to be driven by adverse selection, that it, that BofA would move its WORST derivatives, that is, the ones that were riskiest or otherwise had high collateral posting requirements, to the sub. Bill Black confirmed that even though the details were sketchy, this is precisely what took place.
And remember, as we have indicated, there are some “derivatives” that should be eliminated, period. We’ve written repeatedly about credit default swaps, which have virtually no legitimate economic uses (no one was complaining about the illiquidity of corporate bonds prior to the introduction of CDS; this was not a perceived need among investors). They are an inherently defective product, since there is no way to margin adequately for “jump to default” risk and have the product be viable economically. CDS are systematically underpriced insurance, with insurers guaranteed to go bust periodically, as AIG and the monolines demonstrated. [Background.]
The reason that commentators like Chris Whalen were relatively sanguine about Bank of America likely becoming insolvent as a result of eventual mortgage and other litigation losses is that it would be a holding company bankruptcy. The operating units, most importantly, the banks, would not be affected and could be spun out to a new entity or sold. Shareholders would be wiped out and holding company creditors (most important, bondholders) would take a hit by having their debt haircut and partly converted to equity.
This changes the picture completely. This move reflects either criminal incompetence or abject corruption by the Fed. Even though I’ve expressed my doubts as to whether Dodd Frank resolutions will work, dumping derivatives into depositaries pretty much guarantees a Dodd Frank resolution will fail. Remember the effect of the 2005 bankruptcy law revisions: derivatives counterparties are first in line, they get to grab assets first and leave everyone else to scramble for crumbs. [Background.] So this move amounts to a direct transfer from derivatives counterparties of Merrill to the taxpayer, via the FDIC, which would have to make depositors whole after derivatives counterparties grabbed collateral. It’s well nigh impossible to have an orderly wind down in this scenario. You have a derivatives counterparty land grab and an abrupt insolvency. Lehman failed over a weekend after JP Morgan grabbed collateral.
But it’s even worse than that. During the savings & loan crisis, the FDIC did not have enough in deposit insurance receipts to pay for the Resolution Trust Corporation wind-down vehicle. It had to get more funding from Congress. This move paves the way for another TARP-style shakedown of taxpayers, this time to save depositors. No Congressman would dare vote against that. This move is Machiavellian, and just plain evil.
The FDIC is understandably ripshit. Again from Bloomberg:

 

The Federal Reserve and Federal Deposit Insurance Corp. disagree over the transfers, which are being requested by counterparties, said the people, who asked to remain anonymous because they weren’t authorized to speak publicly. The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC, which would have to pay off depositors in the event of a bank failure, is objecting, said the people. The bank doesn’t believe regulatory approval is needed, said people with knowledge of its position.

Well OF COURSE BofA is gonna try to take the position this is kosher, but the FDIC can and must reject this brazen move. But this is a bit of a fait accompli,and I have NO doubt BofA and the craven, corrupt Fed will argue that moving the derivatives back will upset the markets. Well too bad, maybe it’s time banks learn they can no longer run roughshod over regulators. And if BofA is at that much risk that it can’t survive undoing this brazen move, that would seem to be prima facie evidence that a Dodd Frank resolution is in order.
Bill Black said that the Bloomberg editors toned down his remarks considerably. He said, “Any competent regulator would respond: “No, Hell NO!” It’s time that the public also say no, and loudly, to this new scheme to loot taxpayers and save a criminally destructive bank.

http://www.fourwinds10.net/siterun_data/government/banking_and_taxation_irs_and_insurance/social_security/news.php?q=1319245749