In a most stunning and abrupt discovery we learn that several days ago hackers invaded Hadley University of East Anglia and made off with a handful of documents and emails.  The director of the Climate Research Unit confirms that the emails are indeed genuine and now the search has begun.  Files have been dispersed like wildfire through the Internet and are at the mercy of every skeptic who has fought against the hoax known to us as Global Warming.  I am currently examining the emails myself and some of the information appears to be tremendously incriminating and could be the final nail in the coffin.  While I do not personally endorse the hackers nor do I find their methods admirable nor do we appreciate the invasion of Green fascists into our homes and lives.  Cap and Trade was poised to devastate our economy despite the already mounting piles of evidence suggesting that global warming is a fraud just like the people pushing it.  Hopefully this discovery will finally bury this piece of horrible legislation away for good and we can just get on with our lives.

Here are some emails that I have begun examining, all emphasis are mine. 

An e-mail discussing practices.

I think that my > experience with audits and engineering studies is more substantial than > Bradley's and this is an extraordinarily silly thing for him to > say. After the fact, one of the key mis-steps in the Bre-X fraud was > the engineering report in which ore reserves were calculated using false > data supplied to the consulting engineers by Bre-X, without any > verification being carried out by the engineers.

IPCC is always a favorite target of mine and not because they share the Nobel prize with Gore, but because they have been wrong over and over.  They are nothing more than a politicial body and hopefully they will be exposed for who they are

In my (perhaps too > > harsh) > > view, there have been a number of dishonest presentations of model > > results by individual authors and by IPCC. This is why I still use > > results from MAGICC to compare with observed temperatures. At least > > here I can assess how sensitive matches are to sensitivity and > > forcing assumptions/uncertainties.

There are many emails about Wei-Chyung Wang and him falsifying data as a basis for his research papers.  He is only important insofar as he is a professor and the recepient of a lot of money in order to study greenhouse gases.  His fraud however is widely available.  The paper is written by one, Phil Jones, whose name is only important in establishing the veracity of these emails.

Many emails also must be written carefully and taken in context, but the following blurbs do appear to be dubious.

To be realistic, the fresh-water flux used should ideally be the observed flux - I agree that a diagnosed field hides model errors. Its similar to the flux correction or no flux correction dilemna of coupled models - do you want a realistic state with unrealistic processes, or a possibly unrealistic state with realistic processes. Either way, the response of the model to perturbations cannot be guaranteed to be realistic. The best current way is to do both. Then, with luck, the real world will lie between the two answers obtained.

Some scientists raising concern over averaging.

> 8. I repeat my concern re too much spatial aggregation of results if it > hides important regional differences, as these are very important for > questions of intragenerational equity. I think the paper should > specifically warn against this. Averaging is notorious as a way of > hiding important differences.

Without understanding the full details, the following email is dist

I've just completed Mike's Nature trick of adding in the real temps to each series for the last 20 years (ie from 1981 onwards) amd from 1961 for Keith's to hide the decline.

This following email is sent from a rather respected individual in the community and what he is saying is rather shocking.

I presume congratulations are in order - so congrats etc ! Just sent loads of station data to Scott. Make sure he documents everything better this time ! And don't leave stuff lying around on ftp sites - you never know who is trawling them. The two MMs have been after the CRU station data for years. If they ever hear there is a Freedom of Information Act now in the UK, I think I'll delete the file rather than send to anyone. Does your similar act in the US force you to respond to enquiries within 20 days? - our does ! The UK works on precedents, so the first request will test it. We also have a data protection act, which I will hide behind.

 Another email is a series of questions about data gone "missing".

After nearly a year and over 25 emails, Crowley said in mid-October that he has misplaced the original data and could only find transformed and smoothed versions. This makes proper data checking impossible, but I'm planning to do what I can with what he sent. Do I need to comment on my attitude to the original data being "misplaced"?

This is just the beginning folks. 

After yesterday's passing of the Paul/Grayson amendment and the fledgling optimism beginning to dissapate, some questions have arisen as to which party supports the auditing of the Fed.  The amendment passed in a bi-partisan fashion, however the list of those voting NO is quite telling.  I have prepared the list with party denomination for your viewing pleasure.

The list of those voting NO on the Paul/Grayon amendment:

(D) CA-35 Rep. Maxine Waters
(R) CA-42 Rep. Gary G. Miller
(D) CA-43 Rep. Joe Baca
(D) CT-04 Rep. Jim Himes
(D) FL-22 Rep. Ron Klein
(D) IL-04 Rep. Luis V. Gutierrez
(D) IL-08 Rep. Melissa L. Bean
(D) IL-14 Rep. Bill Foster
(D) IN-02 Rep. Joe Donnelly
(D) IN-07 Rep. Andre Carson
(D) KS-03 Rep. Dennis Moore
(D) MA-04 Rep. Barney Frank
(D) MA-08 Rep. Michael E. Capuano
(D) MA-09 Rep. Stephen F. Lynch
(D) MN-05 Rep. Keith Ellison
(D) MO-05 Rep. Emanuel Cleaver
(D) NC-12 Rep. Melvin L. Watt
(D) NC-13 Rep. Brad Miller
(D) NY-05 Rep. Gary L. Ackerman
(D) NY-06 Rep. Gregory W. Meeks
(D) NY-14 Rep. Carolyn B. Maloney
(D) OH-06 Rep. Charles Wilson
(D) OH-15 Rep. Mary Jo Kilroy
(D) TX-09 Rep. Al Green
(D) WI-04 Rep. Gwen Moore
(R) WV-02 Rep. Shelley Moore Capito

That is odd.  Of the 23 people objecting to a Fed audit, 21 are Democrats while only 2 are Republicans.  Why is this odd?  Because Democrats are often the ones leading the charge against corporations and enterprises large enough to compromise the American taxpayer.  At the same time, Republicans are usually corporatist thugs more occupied with preserving their special interests, yet in this particular instance the divide is painfully obvious. 

While both parties are painfully misguided as to the dangers the Federal Reserve presents this country and the incessant flow of cheap money, some brave individuals (Grayon, Paul & those that voted YES) do get it or at the very least are uncomfortable with secrecy the Fed maintains. 

To all those reading this, seriously ask yourself about the integrity of the politicians and the Party you support and whether we need to seriously and fudamentally change course in this country.

Exit question:  Alan Grayson has been an outspoken critic of Republicans and their position on health care while advocating ObamaCare.  Does he not realize that by supporting legislation that could compromise the Fed's ability to monetize further debt?  Without the printing press Congress will have to suddenly make-as-they-spend thus contradicting ObamaCare and other entitlement programs?

Everyone in America admires Warren Buffet, after all, the man is a genius so why not listen to everything he says?  Because he doesn't care about you, that is why.  In fact, he is perfectly comfortable with what appears to be a systematic looting of the middle class perpetrated by the Federal Reserve.   In case you have not noticed, yesterday's Paul/Grayson amendment to audit the Fed was met with great cheer for those wishing to return to some kind of normalcy in this country.   Despite the objections of corrupted and bribed politicians like Barney Frank, Mike Capuano, Mel Watt, Maxine Waters and other enemies of state - the amendment passed.   

When all the bullshit melts away and push comes to shove, you will plainly see who can or cannot be trusted.  Warren Buffet unfortunately is on top of the pile as this CNBC interview proves.

Buffett: Well, I think there is nothing more important in the economic future of the country than to have an independent Fed. And I think that’s been demonstrated over the years. I think it was demonstrated even particularly last fall. But we do not want to fool around with the independence of the Fed.

Buffett: I think it’s done a good job over the years. I think it’s had good leadership most of the time. I think it has terrific leadership now. And I think that curbing the independence of the Fed could lead to a lot of mischief.

The first point is just laughable.  On what historic precedent is this being based on?  Considering the Federal reserve is the exact cause of the Great Depression why is Buffet willing to give so much benefit of the doubt?  

The second point should raise a lot of questions.  First of all, what kind of mischief could we possibly raise beyond all the mischief we already have?  The Fed has trillions of dollars on his books and due to some idiotic secrecy we are not privied to this information?  This is our money we are talking about on what absurd ground can you possibly protect this.  This is the equivalent of Congress collecting our taxes, but not actually telling us what the taxes are used for.  More succintly I could argue, we do not even need a central bank and were perfectly fine without one for many decades.  To suggest that tampering with an optional institution could lead to problems is misleading at best and deceitful at worst.  (Spare me the banking panic crap, because the recessions we have had since the Fed were just as bad if not worse than the panics).

Second of all, how can anyone in their right mind possibly say the Fed has done a great job?  The Fed has created every bubble in the past 20 years.  Has caused multiple recessions.  Crushed the US Dollar and now, systematically looting the middle class.  While all the big banks that should have failed are being propped up by the existence of a "lender of last resort", the rest of us poor schmucks are living with stagnant or reduced wages and higher taxes.  Great deal!

Banks like Goldman Sachs whose only existence can be attributed to the American taxpayer are posting massive profits and allocating over 20 billion dollars for BONUSES.  Average GS employee makes 775,000 as of 2008!   Goldman Sachs is also fighting the auditing of the Fed and should this be surprising?

So Mr. Buffet, who side are you on?  The struggling middle class or your friends at the Federal Reserve and the modern robber barons at Goldman Sachs.  I am curious by the way, does your investment totaling 5 billion dollars into Goldman Sachs have anything to do with your perplexing choice of words today? 

Nah, must be a coincidence. 

Mike Capuano of the eight Congressional District here in Massachusetts talks a slick game and feels he belongs in the Senate.  This is ironic because he does even deserve his current post. 

Besides ignoring emails from his constituency on the matters most pertinent to our economy, Mike has the following to say on his page (emphasis are his).

When it comes to TARP and other emergency lending programs, Mike continues to speak out to the Federal Reserve and the Treasury Department regarding the need to protect taxpayers.

So far so good, yes?  Yesterday, Mike Capuano had a unique opportunity to protect the taxpayers by voting on an amendment for a bill designed to Audit the Fed.  Because Mike Capuano serves on the finance committee in the house, he has foremost knowledge of the efforts undertaken by the Federal Reserve to remain secret and resist auditing.  Currently the Federal Reserve has a unique position of being able to print money at will, bail out banks and buy toxic paper under the cover of secrecy - actions that exceed the original charter and are grossly unconstitutional. 

The amendment proposed by Alan Grayson and Ron Paul would be the first step in at least exposing to the American public what the Federal Reserve is doing and who is the recipient of OUR money (current and future).

Mike Capuano voted NO on the Paul/Grayson amendment. 

Why?  Who exactly are you serving Mike?  Because it sure as hell NOT the American taxpayer despite your blatant lies to the contrary, furthermore as a Congressman you swore to uphold and protect our constitution and you have failed that duty spectacularly.  Your only remaining option now, is to resign.

Grayson may be a maniac when it comes to distribution of wealth or understanding what makes actual health care reform, but damn, he got this spot right and ad hominem attacks should not be used to discredit or undermine noble action. 

"Capitalism requires rewarding success and punishing failure.... So far we have seen plenty of reward for success on Wall Street but no punishment for failure, not when the Fed is handing out blank checks"

Eliot Spitzer then chimes in and basically vocalizes what so many of us have been saying and thinking all along.  Greenspan got it wrong, got it wrong many times and Bernanke is continuing the failed policies. 

Today the house finance committee passed what will surely be a historic amendment 43-26.  This a very straight forward amendment, allow the Federal Reserve to be audited without question.  One would think that such a simple request should pass without objection, right?  After all, why would we want a highly political organization such as the Federal Reserve possibly hide anything from the American Public?   Congress created the Fed and Congress can destroy the Fed (technically speaking).  Examine who voted to maintain the status quo and against auditing the engine of inflation, credit and virtually every single recession including the Great Depression.  You may not understand this yet, but the Fed absolutely and without question created the Great Depression and while FDR exacerbated the situation - without a central bank injecting credit the economic collapse of 1929-1932 would not have happened.  We are now on the brink of exactly the same collapse or a Japanese style multi-decade malaise.

Those who have voted to continue destroying this country:

(D) CA-35 Rep. Maxine Waters (Also voted against regulation of Fannie/Freddie, "fannie/freddie has been outstanding")
(R) CA-42 Rep. Gary G. Miller
(D) CA-43 Rep. Joe Baca
(D) CT-04 Rep. Jim Himes
(D) FL-22 Rep. Ron Klein
(D) IL-04 Rep. Luis V. Gutierrez
(D) IL-08 Rep. Melissa L. Bean
(D) IL-14 Rep. Bill Foster
(D) IN-02 Rep. Joe Donnelly
(D) IN-07 Rep. Andre Carson
(D) KS-03 Rep. Dennis Moore
(D) MA-04 Rep. Barney Frank (Was against Fannie/Freddie regulation) - Chairman
(D) MA-08 Rep. Michael E. Capuano (Running for Senate now, promising to impose financial regulation)
(D) MA-09 Rep. Stephen F. Lynch
(D) MN-05 Rep. Keith Ellison
(D) MO-05 Rep. Emanuel Cleaver
(D) NC-12 Rep. Melvin L. Watt (Top contributors campaign include every giant bank in the US)
(D) NC-13 Rep. Brad Miller
(D) NY-05 Rep. Gary L. Ackerman
(D) NY-06 Rep. Gregory W. Meeks (Was against Fannie/Freddie regulation, "pissed off at regulation")
(D) NY-14 Rep. Carolyn B. Maloney
(D) OH-06 Rep. Charles Wilson
(D) OH-15 Rep. Mary Jo Kilroy
(D) TX-09 Rep. Al Green
(D) WI-04 Rep. Gwen Moore
(R) WV-02 Rep. Shelley Moore Capito
-------------

There you have it folks, plain and simple.  There is absolutely NO reason why any of these people should have supported an institution whose practices enable and enrich all the big banks while destroying the middle class.  This is disgusting, deplorable and all of these people should be ASHAMED including those that have been tied to the Housing Crisis, truly begs the question as to how these people get re-elected.  Please do your patriotic duty and voice your anger.  Below is the original video demonstrating unequivocally who is on the side of the American people and who is on the side of banksters.   Notice that some of SAME bastards who voted against the amendment today, blocked all regulation against Fannie/Freddie and were belligerent and nasty in the process. 

Wow, tempers are flying high in Washington DC as demonstrated by this exchange.  Tim 'TurboTax' Geithner almost evokes a bit of sympathy as he is barraged by a relentless attack by Brady.

Before you feel too bad, Geithner's answer amounts to "This is all Bush's fault".  Yet Geithner was the president of the NY Fed and the NY Fed being the most powerful of the Fed's member bank is entirely complicit in the monumental monetary expansion undertaken by the Federal Reserve in the last 20 years.

Geithner may try to save face by suggesting that the 700 billion TARP saved us from a financial collapse, except that a financial collapse is precisely what we need.  Banks that have given too much credit and too many loans via artificially engineered interest rates set by the Federal Reserve have not only ruined the businesses and lives of those people to whom they lent money to, but also destroyed their balance sheets.  Therefore bailing out an institution that has made repeated errors while operating with outrageous leverage is precisely the opposite of what should be done.  Yes, it would have been painful, but it is the only possible solution for a country saturated in so much debt!

Finally, Geithner's admission that his role of preserving the strength of the dollar while in reality doing everything he can to destroy it is insulting and grounds for dismissal.  I would only be chagrined in realizing that Geithner stepping down only to be replaced by an equally inept stooge while diverting the attention of the public's growing discontent.

I do agree with Geithner on one point.  The Federal Reserve WAS established by Congress and coincidentally has the privilege to revoke it, something that needs to be done as soon as we can establish an alternative medium of exchange. 

From the Financial Services Committee, the debate can be seen live from their website.

Currently the discussion is between the Paul-Grayson ammendment versus the corrupt Mel Watt amendment.

Regardless of your political affiliation and regardless of how much knowledge you have of financial and economic details of our country - this is crucial!

"The Mel Watt amendment will obliterate everything HR 1207 is trying to do and in fact the Watt amendment will make the situation worse" - Ron Paul

Unlike proposals that target the Fed’s 13(3) facilities, the Paul/Grayson amendment opens up the entire $2 trillion Federal Reserve balance sheet to a GAO audit. The Fed’s recent purchases of nearly $800 billion in mortgage-backed securities (MBS) have occurred under the MBS Purchase Program, authorized under section 14(b) of the Federal Reserve Act. This program, which is expected to reach a size of $1.25 trillion, would remain exempt from audit even if all the current 13(3) audit proposals were to go into effect. Targeting facilities that are in the process of being drawn down and that are authorized under a specific subsection of the Federal Reserve while allowing other facilities to spring up in their place is counterproductive to true transparency. All purchases and loans that appear on the balance sheet should be subject to audit, without loopholes for the Fed to evade scrutiny.


Update:  The plan is to vote for the Paul-Grayson amendment at 4pm today.
Update:  The plan is to vote for the Watt amendment right after.  (Although they seem to entirely contradict each other)
Update:  Voting delayed by 45 minutes.
Update:  43-26 for the Paul-Grayson amendment, bringing this bill back to legitimacy.  I would just like to note, for anyone reading this in Massachusetts.  Michael Capuano (MA-8) currently running for Senate, voted 'NO' on this critical amendment.  This is the same individual who is claiming to be on the side of the consumer and for tougher financial regulation.  There you have it, typical snake.

Assuming the bill passes as is and clears the House, we might be potentially looking at the first major dent against the invisible and secretive Federal Reserve despite the corruption of Mel Watt and Barney Frank whose tenure hopefully will come to do an abrupt end come 2010.


Final bill will be voted at a later date.

If you care about the direction of this country and are "fed up" (pun intended) with what is happening with the US Dollar, inflation and corruption then support the following Congressmen in their fight against the Fed.  As you may know, Ron Paul's audit the bill fed has ran into a massive roadblock, by the name of Mel Watt (North Carolina 12th) who is PURPOSELY trying to protect the federal reserve for audit in order to support his biggest donors.  This guy is epitome of everything wrong with Congress and special interests.

As a reminder, Mr. Watt's biggest donors are: Bank of America ,Wachovia Corp, American Express, American Bankers Assn.  Do you suppose Mr. Watts is representing the American people or the banksters who without the Fed would not even exist anymore.  

Ron Paul's bill, HR 1207, currently has a 99% approval rating from opencongress.org and a whopping 310 co-sponsors.  This should not be in committee at all, but instead should go to the House floor to be voted on.  A bill with such popular support to be held up by corrupt thieves like Mel Watts is a travesty. 

A letter written to Barney Frank (who is also the recipient of massive bank contributions) is looking to examine the entire structure of the Federal Reserve and a full public audit.   This letter is signed by the following people and they need your support.  Raise awareness.

Elijah Cummings 
Lloyd Dogget
Maurice Hinchney
Tim Walz
Alan Grayson (yeah, the crazy one)
John Tierney
Peter Welch

This could just be a show trial, but the language in the letter indicates that they are interested in a full congressional oversight and that is a great start.

If you want to send an email, please head over the members page of the House Financial Services Committee and email your representative urging them to pass a comprehensive Fed Audit bill.

One would expect to find this headline from Onion news, but apparently Obama indeed warns of a double-dip recession due to mounting debt!!  No sh*t Sherlock!   It has now officially become impossible to take our president seriously, he sounds like a child pure and simple.  Obama's policies alone have piled on more debt that Bush ever did and Obama can claim all day that his administration inherited a mess, but anyone with an IQ higher than their shoe size should now realize that our debt problem are due to Obama. 

Let's just go from memory to see how our 2009 deficit jumped from 485 billion/year to 1.8 trillion /year

- 787 billion dollar stimulus package; we argued against it on the grounds that infusing an economy with more liquidity was not the answer.  We now know the stimulus is riddled with fraud and our economic condition worsened, not improved.
- 33 billion  in homebuilder bailouts!!  After the housing bubble do you think the home builders need tens of billions of our dollars!?
- 33 billion in SCHIP expansion. 
- billions in bailing out GM and Chrysler.
- 700 billion TARP which was under Bush, but supported by Obama and the Democrats.  After all, it could have been reversed.

Much more mind numbing are the plans to spend. 

- Health reform (a total farce) estimated to cost anywhere between 1 to 2.6 trillion dollars. 
- Cap and Trade (based on global warming hysteria) starting with 200 billion and up, almost impossible to estimate due to business fluctuation.

How can Obama with a straight face complain about debt after he passes the biggest federal handout in history while advocating equally historically reform plans?  There are also credible rumors that another stimulus package is in the works.  Remember, as long as Congress and the President have a Federal Reserve willing to create money, government will continue to grow and grow until the destruction of dollar ultimately ushers in our demise.  Easy to createmoney when it's value is derived from the words of Ben Bernanke.

Truth of the matter is this;  Bush was an interventionist and a big government Keynesian.  He expanded Medicare more than any one of his predecessors, bailed out the big banks and AIG and gave us the first stimulus package (remember the 600 dollar checks?).  Obama is more of the same, but an even bigger Keynesian.   His plan is to do everything Bush did, but on an even larger scale.  Meanwhile he stands in front of the American public and blames Bush's administration for America's problems. 

ARE YOU FREAKING KIDDING ME!?!?!?

Mr. President, you are doing the exact same thing.  Either you are incredibly stupid or a filthy liar.  Even though you still have never showed us your grades from Columbia or Harvard, I will assume you are not incredibly stupid and will conclude that you are a liar.  Let us hope the rest of America realizes this.