Daily Thought Pad: Goldman Sachs, Cap and Trade and Your Skyrocketing Energy Costs…

Beck: Why Goldman Sachs Is Willing to Take the Heat

The video you must see: HERE

Some Notes on Today's Show Immediately Below and a Highlight Review of the Bill S3217 Below That – Please Watch Video Above First (More Videos Toward Bottom)

The Finance (Reform) Bill - S3217 in Congress right now is a trial balloon for the move toward globalization – a New World Order (Full length movie). Remember when saying those words used to make you a conspiracy theorist?? Now the Progressives are saying it regularly… Why? Because they know, if you say things often enough… people (the masses) will get used to the idea and eventually accept it.

Why Goldman Sachs and why now???

Ask yourself… If Goldman Sachs was really as bad as they are being portrayed?? Then why are all their former leaders still working in the White House?

Who or what is the CCX – Chicago Climate Exchange – A company/group ‘voluntarily’ bound to meet all the green rules of the Cap and Trade scheme – the transfer of wealth from companies that ‘have’… to companies that ‘have not’ (or are preferred by gov’t).

A theory to penalize you for creating invisible harmful gas (that essentially doesn’t exist). (Remember ClimateGate??) “Big evil rich companies… pay (give their money) to small good companies somewhere across the world. If you really look at it… it looks a lot like Marxism… but the Progressives depend on the fact that you won’t notice. And mind you… Obama has already said… in his own words that under his plan, electricity rates and all other power types will sky-rocket… for you and me.

Mind you, Spain and other European Countries that have already tried this found it bankrupted them~

So who in their right mind would start something like this… and why?? The CCX was started from grants from the Joyce Foundation, who is bigger than the (Soros, John Kerry, Teresa Heinz Kerry… that help fund Bill Ayers brother) the Tide Foundation… a foundation that launders money to Progressive causes, so we the little guy doesn’t notice…) The founder of the Climate Foundation, Richard Sandor (Sandor: Father of Deriviatives and Futures! Is also Father of the Climate Exchange: http://is.gd/bIZ6G), says it is a 10 Trilion $$ market… selling smoke. There is a lot of money riding on this scheme… just ask Al Gore… and many Goldman Sachs execs… In fact Goldman Sachs own 10% of the stock in CCX.

So now we are going to fix Goldman Sachs to set us up for Cap and Trade… Which will be the Cornerstone to a New World Order… right now being touted as a new monetary global order. The machinery: through a Franklin Raines (Pres of Fannie Mae) plan.

Nov 6, 2006 – Dems took over Congress

Nov 7, 2006 – Fannie Mae buys Carbon Trading Mechanism for future ClimateGate mandates through bundling… exactly what they are now going after Goldman Sachs for.

And who was involved in 2006? Obama, Al Gore, Goldman Sachs Mgmt… most of which now work in the White House…

Why this Goldman Sachs upheaval now?? Somebody has to take the heat and divert us so they can pass the Wealth and Finance reform Bill – S3217, which if it passes will be the first step toward Cap and Trade and then global government. It will also give Congress the ability to pass never-ending bailouts.

The White House and lame stream media will try to sell you that the Republicans are the party of NO on this… but if you understand you will realize that they are fighting to protect and save us!! They won a small victory today, but the Progressive Dems in power are focused on passing this and will press on doing whatever they need to, to pass it, just like with HC. Remember what Pelosi said… the takeover of HC and our kids through student loans and funding was step 1…

Every day we are finding out another frightening thing that was written into ObamaCare… the last mega bill that Congress didn’t read. Don’t let them do it again!! Several Senators already admitted today that they again had not read the bill.

Spread the Wealth with Finance Reform S-3217

It’s probably a good idea to ask your Senators if they’ve read the finance reform bill - S3217. Here’s the link: http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:s3217pcs.txt.pdf

If they read it, they will see that REDISTRIBUTION OF WEALTH somehow made its way into the bill. We all know that grants given by the government are done so with taxpayer dollars. It’s free money for the recipient of the grant. If this bill passes, taxpayer dollars will be provided to low- and moderate-income individuals “to meet the financial needs of such individuals”; they’ll also receive products and services which include “small-dollar value loans”.

First, who decides what “small-dollar value” is? Perhaps those who are passing trillion dollar legislation in the blink of an eye? After all, it’s just taxpayer dollars. Second, isn’t that how we got into the mortgage mess… low- and moderate-income individuals being given home loans they couldn’t afford?

Page 1401:

SEC. 1204. EXPANDED ACCESS TO MAINSTREAM FINANCIAL INSTITUTIONS.

(a) IN GENERAL.—The Secretary is authorized to establish a multiyear program of grants, cooperative agreements, financial agency agreements, and similar contracts or undertakings to promote initiatives designed—

(1) to enable low- and moderate-income individuals to establish one or more accounts in a federally insured depository institution that are appropriate to meet the financial needs of such individuals; and

(2) to improve access to the provision of accounts, on reasonable terms, for low- and moderate income individuals.

Page 1402:

(2) ACCOUNT ACTIVITIES.—Subject to regulations prescribed by the Secretary, an eligible entity may, in participating in a program established under subsection (a), offer or provide to low- and moderate-income individuals products and services relating to accounts, including—

(A) small-dollar value loans; and

(B) financial education and counseling relating to conducting transactions in and managing accounts.

REDISTRIBUTION OF WEALTH also involves “THE BUREAU”. I assume this means they’ll have insight into residential and commercial accounts since they will “assess the distribution”… “across income and minority level census tracts”. That’s as comforting as knowing they “may use the data for any other purpose as permitted by law.”

Page 1262:

(d) BUREAU USE.—The Bureau—

(1) shall use the data on branches and deposit accounts acquired under this section as part of the examination of a covered person as part of an examination under this title;

(2) shall assess the distribution of residential and commercial accounts at such financial institution across income and minority level of census tracts; and

(3) may use the data for any other purpose as permitted by law.

Perpetual use of taxpayer dollars for banks that need it is conveniently located on pages 1365 to 1371.

Page 503 tells us about the G20 nations’ agreement that all standardized over-the-counter derivative contracts are to be cleared through central counterparties by the end of calendar year 2012 at the latest. Is there anything coincidental about that timeframe?

Page 816 will look out for all of us by the Comptroller General who will consider “the role of financial planners in providing advice regarding the management of financial resources, including investment planning, income tax planning, education planning, retirement planning, estate planning and risk management.” Wow! They’ve got everything covered for us! Maybe they’ll require us to buy a student loan whether we want it or not. Déjà vu – didn’t they do that with healthcare? Isn’t it great that they’ll nudge us to purchase financial products which they decide we need?

Pages 1060 and 1061 are going to create an “Office of Financial Literacy” and implement “initiatives intended to education and empower consumers to make better informed financial decisions.” The Earned Income Credit, which provides EXTRA taxpayer dollars for low-income individuals via their tax returns (aka: free money from taxpayers), along with “Federal Benefits” (aka: free money from taxpayers) is included for “wealth building”. This will surely help our government steal from those who work hard to earn a living so that they can give it to those who may not. After all, everyone’s got to have an equal amount, right?