Department of Offense

Have you noticed how the Citgo signs have disappeared in the past 7 -8 months? 

Very clever move by Chavez.  But guess what CITGO IS CHANGING ITS NAME TO? This is serious Americans…make sure you read.

 NEWS FLASH:

 Chavez is NOW getting a Russian Weapons Factory built by Putin. The RUSSIANS are building an AK-47 Kalashnikov Assault Rifle factory in Venezuela to give armament support to Communist Rebel groups throughout the Americas;

Chavez NOW has IRANIANS operating his oil refineries in Venezuela for him. It is likely only a matter of time, if not already, before Chavez has Iranian built LONG RANGE missiles, with a variety of warhead types aimed at…. Guess Who?

CITGO  is NOW in the process of Changing its name to  PETRO EXPRESS   due to the loss of gasoline sales in the USA due to the recent publicity of ownership by Chavez of Venezuela …

Every dollar you spend with CITGO or PETRO E XPRESS gasoline will be used  against you, your basic human rights, and your freedoms.  He will start wars here in the Americas that will probably be the death of millions. 

THIS IS VERY IMPORTANT because Chavez is starting to feel the loss of revenue from his holdings.  HE OWNS CITGO. This is a very important move which everyone should be aware of.

‘PETRO EXPRESS’ IS ALSO 100%  OWNED BY ‘CHAVEZ.’

TELL your friends 

BOYCOTT   ‘CITGO’ AND  ‘PETRO EXPRESS’.

MAKE SURE THIS IS PASSED ON TO EVERYONE IN YOUR E-MAIL LIST IN THE UNITED STATES AND OUTSIDE OF  AMERICA

E pluribus hokum or
When the gamblers bail out the casino
By Spengler

Why should American taxpayers give US Treasury Secretary “Hank” Paulson a blank check to bail out the shareholders of busted banks? Why should the Treasury turn itself into a toxic waste dump for their bad loans? Why not let other banks join the unlamented Brothers Lehman in bankruptcy court, and start a new bank with taxpayers’ money? Or have the Treasury pay interest on delinquent mortgages, and make them whole? Even better, why not let the Chinese, or the Saudis or other foreign investors take control of failed American banks? They’ve got the money, and they gladly would pay a premium for an inside seat at the American table.

None of the above will occur. America will give between US$700-$800 billion to the Treasury to buy any bank assets it wants, on any terms, with no possible legal recourse. It is an invitation to abuse of power unparalleled in American history, in which ill-paid civil servants will set prices on the portfolios of the banking system with no oversight and no threat of legal penalty.
Why are the voices raised in protest so shrill and few? Why will Americans fall on their fountain-pens for their bankers? If America is to adopt socialism, why not have socialism for the poor, rather than for the rich?
Why should American households that earn $50,000 a year subsidize Goldman Sachs partners who earn $5 million a year?

Believe it or not, there is a rational explanation, and quite in keeping with America’s national motto, E pluribus hokum. Part of the problem is that Wall Street, like the ethnic godfather in the old joke, has made America an offer it can’t understand. The collapsing the mortgage-backed securities market embodies a degree of complexity that mystifies the average policy wonk. But that is a lesser, superficial side of the story.

Paulson’s dreadful scheme will become law, because Americans love their bankers. The bankers enable their collective gambling habit. Think of America as a town with one casino, in which the only economic activity is gambling. Most people lose, but the casino keeps lending them more money to play. Eventually, of course, the casino must go bankrupt. At this point, the townspeople people vote to tax themselves in order to bail out the casino.
Collectively, the gamblers cannot help but lose; individually they nonetheless hope to win their way out of the hole.

Americans are so deep in the hole that they might as well keep putting borrowed quarters into the one-armed bandit. They have hardly saved anything for the past 10 years. Instead, they counted on capital gains to replace the retirement savings they never put aside, first in tech stocks, then in houses. That hasn’t worked out. The S&P 500 Index of American equities today is worth what it was in 1997, after adjusting for inflation (and a pensioner who sells stock purchased in 1997 will pay a 20% capital gains tax on an illusory inflationary gain of 40%). Home prices doubled between 1997 and 2007 before falling by more than 20%, with no floor in sight.

As it is, many of the baby boomers now on the verge of retirement will spend their declining years working at Wal-Mart or McDonalds rather than cruising the Caribbean. Some of them still have time to tighten their belts and save 10% of their income (by consuming 10% less), plus a good deal more to compensate for the missing savings of the 1990s.

Altogether, they’d rather gamble, and if that requires a bailout of the house, they gladly will chip in to pay for it. After all, today’s baby boomers won’t pay for the bailout. The next generation of taxpayers will pay for Paulson’s $700-$800 billion. If that enables the present generation to keep borrowing rather than saving, it is no skin off their back. If home prices continue to collapse, the baby boomers will die in debt anyway, working at low-paying jobs until the day before their funerals.

The homeowners of America hope against hope that somehow, sometime, the price of their one only asset will bounce back. The character of Mortimer Duke in the 1983 film Trading Places comes to mind. After losing his fortune in the frozen orange juice futures market, Duke screams, “I want trading reopened right now. Get those brokers back in here! Turn those machines back on! Turn those machines back on!” If a reverse takeover of the US government by Goldman Sachs is what it takes to turn the machines back on, the American public will support it. Sadly, there is no reason to expect the bailout of bank shareholders to have any effect at all on American home prices, which will continue to sink into the sand.

Contrary to what the Bush administration says, it is not the case that banks’ troubled mortgage assets cannot be sold in the private market. Those are the so-called “Level III” assets that banks say they cannot value. But that is only a dodge that the banks use to postpone taking losses. There is a ready bid for these assets from hedge funds, in multi-hundred-billion-dollar size. The trouble is that the market bid is 25% to 30% below the prices that banks carry these assets on their books.
Traders at Wall Street boutiques who specialize in distressed securities say that US regional banks regularly make discreet offers to sell private mortgage-backed securities (not guaranteed by a federal agency) at prices, for example, of 75 to 80 cents on the dollar. Hedge funds bid, for example,
55 to 60 cents in return.

On rare occasions, the bank seller and the hedge fund buyer will meet in the middle, although very few transactions occur. Although many banks are desperate to sell, they cannot accept the offered price without taking losses over the threshold of mortality, for write-downs of this magnitude would destroy their shareholders’ capital. Investment banks typically hold about $30 of securities for every $1 of capital, so a 3% write-down would leave them insolvent. Lehman Brothers classified 14% of its assets as Level III at the end of the first quarter; Goldman Sachs was at 13%. Why is Lehman bankrupt, and Goldman Sachs still in business? If Secretary Paulson, the former head of Goldman Sachs, had not proposed a general bailout last week, we might already have had the answer to that question.

For the Paulson bailout to be helpful to the banks, it must buy their securities at much higher prices than the private market is willing to pay. Otherwise it makes no sense at all, for the banks could sell at any moment to the hedge funds. But that is a subsidy to private banks, administered at the whim of the Treasury Secretary, without oversight and without the possibility of legal recourse.

Some Democrats in Congress are asking for some form of oversight, but it is hard to imagine how they might use it, for a Treasury with $800 billion to spend would constitute the whole market bid for low-quality mortgage assets, and would set whatever prices it wished. Professionals with years of experience set prices on these securities with great uncertainty. How would an overseer determine if it had set the correct price? And if the Treasury decided to bail out one bank (say, Goldman Sachs) rather than another, how would the overseer judge whether that decision was judicious, politically motivated, venal, or arbitrary?

Opposition to the Treasury plan is disturbingly thing. Bloomberg News on June 21 quoted the Democratic chairman of the Senate Banking Committee, Christopher Dodd, saying, “I know of nobody who is arguing over the amount of money or even about that the secretary ought to have the authority to purchase these toxic instruments, these bad debts.”

Why the taxpayers of America would allow their pockets to be picked in this fashion requires a different sort of explanation than one finds in economics textbooks. My analogy of gamblers taxing themselves to bail out the casino is inspired, in part, by a remarkable new book by the Canadian economists Reuven and Gabrielle Brenner (with Aaron Brown), A World of Chance. In effect, the Brenners re-interpret economic theory in terms of gambling, showing how profoundly gambling figures into human behavior, especially in such matters as so-called life-cycle investing. The 50-ish householder who has not made enough to retire may take outsized chances, considering that as matters stand, he will work until he drops dead in any case.

The Brenners write:
If people reach the age of fifty or fifty-five and have not “made it,” what are their financial options to still live the good life? Except for allocating a few bucks to buy lottery tickets, it is hard to think of any other option. If people find themselves down on their luck and see no immediate opportunities to get rich, what can they do to sustain their hopes and dreams? Allocating a fraction of their portfolios with a chance to win a large prize is among the options. And when people are leapfrogged – that is, when some “Joneses” who were “below” them jump ahead – how can they catch up? They will tend to challenge their luck for a while, taking risks that they might have contemplated before in business, financial markets, and other areas but did not follow up with action.
A World of Chance undermines our usual view of “economic man” and substitutes the angst-ridden, uncertain denizen of a world that offers no certainties and requires risk-taking as a matter of survival. I hope to offer a proper review of the work in the near future. As my marker, though, permit me to leave the thought that for providing a theoretical foundation for the counter-intuitive behavior of American taxpayers, the Brenners deserve the Nobel Prize in economics.

Alas for the gamblers of America: they will tax themselves to keep the casino in operation, but it will not profit them. Where, oh where, is America’s Vladimir Putin, who will drive out the oligarchs who have stolen the country’s treasure and debased its currency?

” Those who do not learn from history are doomed to repeat it.”
George Santayana

“All that’s necessary for the forces of evil to win in the world is for enough good men to do nothing.”
Edmund Burke 

A German’s View on Islam

A man, whose family was German aristocracy prior to World War II, owned a number of large industries and estates. When asked how many German people were true Nazis, the answer he gave can guide our attitude toward fanaticism. ‘Very few people were true Nazis,’ he said, ‘but many enjoyed the return of German pride, and many more were too busy to care.. I was one of those who just thought the Nazis were a bunch of fools. So, the majority just sat back and let it all happen. Then, before we knew it, they owned us, and we had lost control, and the end of the world had come. My family lost everything. I ended up in a concentration camp and the Allies destroyed my factories.’

We are told again and again by ‘experts’ and ‘talking heads’ that Islam is the religion of peace, and that the vast majority of Muslims just want to live in peace. Although this unqualified assertion may be true, it is entirely irrelevant. It is meaningless fluff, meant to make us feel better, and meant to somehow diminish the spectra of fanatics rampaging across the globe in the name of Islam.

The fact is that the fanatics rule Islam at this moment in history. It is the fanatics who march. It is the fanatics who wage any one of 50 shooting wars worldwide. It is the fanatics who systematically slaughter Christian or tribal groups throughout Africa and are gradually taking over the entire continent in an Islamic wave. It is the fanatics who bomb, behead, murder, or honor-kill. It is the fanatics who take over mosque after mosque. It is the fanatics who zealously spread the stoning and hanging of rape victims and homosexuals. It is the fanatics who teach their young to kill and to become suicide bombers.

The hard quantifiable fact is that the peaceful majority, the ‘silent majority,’ is cowed and extraneous.

Communist Russia was comprised of Russians who just wanted to live in peace, yet the Russian Communists were responsible for the murder of about 20 million people. The peaceful majority were irrelevant.

China’s huge population was peaceful as well, but Chinese Communists managed to kill a staggering 70 million people.

The average Japanese individual prior to World War II was not a warmongering sadist. Yet, Japan murdered and slaughtered its way across South East Asia in an orgy of killing that included the systematic murder of 12 million Chinese civilians; most killed by sword, shovel, and bayonet.

And, who can forget Rwanda, which collapsed into butchery. Could it not be said that the majority of Rwandans were ‘peace loving’?

History lessons are often incredibly simple and blunt, yet for all our powers of reason we often miss the most basic and uncomplicated of points: Peace-loving Muslims have been made irrelevant by their silence.Peace-loving Muslims will become our enemy if they don’t speak up, because like my friend from Germany, they will awaken one day and find that the fanatics own them, and the end of their world will have begun.

Peace-loving Germans, Japanese, Chinese, Russians, Rwandans, Serbs, Afghans, Iraqis, Palestinians, Somalis, Nigerians, Algerians, and many others have died because the peaceful majority did not speak up until it was too late.

As for us who watch it all unfold, we must pay attention to the only group that counts; the fanatics who threaten our way of life.

Lastly, anyone who doubts that the issue is serious, is contributing to the passiveness that allows the problems to expand. Let us hope that thousands, world wide, read this and think about it, and send it on before it’s too late.
 

This will bring a tear or two…
 
My lead flight attendant came to me and said, ‘We have an H.R. on this flight’.  H.R. stands for human remains.
 
‘Are they military?’ I asked. ‘Yes’, she said. ‘Is there an escort?’ I asked.  ‘Yes, I already assigned him a seat’.
 
‘Would you please tell him to come to the flight deck. You can board him early’, I said.
 
A short while later, a young army sergeant entered the flight deck.  He was the image of the perfectly dressed soldier.  He introduced himself and I asked him about his soldier.  The escorts of these fallen soldiers talk about them as if they are still alive and still with us.
 
‘My soldier is on his way back to Virginia’, he said.  He proceeded to answer my questions, but offered no words on his own.  I asked him if there was anything I could do for him and he said no.  I told him that he had the toughest job in the military and that I appreciated the work that he does for the families of our fallen soldiers.  The first officer and I got up out of our seats to shake his hand.  He left the flight deck to find his seat.
 
We completed our preflight checks, pushed back and performed an uneventful departure.  About 30 minutes into our flight I received a call from the lead flight attendant in the cabin.  ‘I just found out the family of the soldier we are carrying, is on board’, he said.  He then proceeded to tell me that the father, mother, wife and 2-year old daughter were escorting their son, husband, and father home.  The family was upset because they were unable to see the container that the soldier was in before we left.  We were on our way to a major hub at wh ich the family was going to wait four hours for the connecting flight home to Virginia. The father of the soldier told the flight attendant that knowing his son was below him in the cargo compartment and being unable to see him was too much for him and the family to bear.  
 
He had asked the flight attendant if there was anything that could be done to allow them to see him upon our arrival.  The family wanted to be outside by the cargo door to watch the soldier being taken off the airplane.  I could hear the desperation in the flight attendants voice when he asked me if there was anything I could do. ‘I’m on it’, I said.  I told him that I would get back to him.
 
Airborne communication with my company normally occurs in the form of e-mail like messages.  I decided to bypass this system and contact my flight dispatcher directly on a secondary radio. There is a radio operator in the operations control center who connects you to the telephone of the dispatcher.  I was in direct contact with the dispatcher.  I explained the situation I had onboard with the family and what it was the family wanted.  He said he understood and that he would get back to me.
 
Two hours went by and I had not heard from the dispatcher.  We were going to get busy soon and I needed to know what to tell the family.  I sent a text message asking for an update.  I saved the return message from the dispatcher and this following is the text:
 
 
‘Captain, sorry it has taken so long to get back to you.  There is policy on this now and I had to check on a few things.  Upon your arrival a dedicated escort team will meet the aircraft.  The team will escort the family to the ramp and planeside.  A van will be used to load the remains with a secondary van for the family.  The family will be taken to their departure area and escorted into the terminal where the remains can be seen on the ramp.  It is a private area for the family only.  When the connecting aircraft arrives, the family will be escorted onto the ramp and planeside to watch the remains being loaded for the final leg home.  Captain, most of h ere in flight control are veterans.  Please pass our condolences on to the family. Thanks.’
 
I sent a message back telling flight control thanks for a good job.  I printed out the message and gave it to the lead flight attendant to pass on to the father.  The lead flight attendant was very thankful and told me, ‘You have no idea how much this will mean to them.’  Things started getting busy for the descent, approach and landing.
 
After landing, we cleared the runway and taxied to the ramp area.  The ramp is huge with 15 gates on either side of the alleyway.  It is always a busy area with aircraft maneuvering every which way to enter and exit.  When we entered the ramp and checked in with the ramp controller, we were told that all traffic was being held for us.
 
‘There is a team in place to meet the aircraft’, we were told.  It looked like it was all coming together, then I realized that once we turned the seat belt sign off, everyone would stand up at once and delay the family from getting off the airplane.  As we approached our gate, I asked the copilot to tell the ramp controller we were going to stop short of the gate to make an announcement to the passengers.   He did that and the ramp controller said, ‘Take your time.’
 
I stopped the aircraft and set the parking brake.  I pushed the public address button and said,
‘Ladies and gentleman, this is your captain speaking.  I have stopped short of our gate to make a special announcement.  We have a passenger on board who deserves our honor and respect.  His name is private XXXXXX, a soldier who recently lost his life.  Private XXXXXX is under your feet in the cargo hold.  Escorting him today is army Sergeant XXXXXXX.  Also, on board are his father, mother, wife, and daughter.  Your entire flight crew is asking for all passengers to remain in their seats to allow the family to exit the aircraft first.  Thank you.’
 
We continued the turn to the gate, came to a stop and started our shutdown procedures.  A couple of minutes later I opened the cockpit door.  I found the two forward flight attendants crying, something you just do not see.  I was told that after we came to a stop, every passenger on the aircraft stayed in their seats, waiting for the family to exit the aircraft.  When the family got up and gathered their things, a passenger slowly started to clap his hands.  Moments later more passengers joined in and soon the entire aircraft was clapping. Words of ‘God Bless You’, I’m sorry, thank you, be proud, and other kind words were uttered to the family as they made their way down the aisle and ou t of the airplane.  They were escorted down to the ramp to finally be with their loved one.
 
Many of the passengers disembarking thanked me for the announcement I had made.  They were just words, I told them, I could say them over and over again, but nothing I say will bring back that brave soldier.  
 
I respectfully ask that all of you reflect on this event and the sacrifices that millions of our men and women have made to ensure our freedom and safety in these United States of America.

Romanian Newspaper ArticleWe rarely get a chance to see another country’s editorial about the USA .

Read this excerpt from a Romanian Newspaper. The article was written by Mr.

Cornel Nistorescu and published under the title ‘C’ntarea Americii, meaning ‘Ode To America ‘ in the Romanian newspaper Eveniment ulzilei ‘The Daily Event’ or ‘News of the Day’

~An Ode to America ~

Why are Americans so united? They would not resemble one another even if you painted them all one color! They speak all the languages of the world and form an astonishing mixture of civilizations and religious beliefs.

Still, the American tragedy turned three hundred million people into a hand put on the heart.

Nobody rushed to accuse the White House, the Army, or the Secret Service that they are only a bunch of losers. Nobody rushed to empty their bank accounts. Nobody rushed out onto the streets nearby to gape about. Instead the Americans volunteered to donate blood and to give a helping hand.

After the first moments of panic, they raised their flag over the smoking ruins, putting on T-shirts, caps and ties in the colors of the national flag. They placed flags on buildings and cars as if in every place and on every car a government official or th e president was passing. On every occasion, they started singing: ‘ God Bless America !’

I watched the live broadcast and rerun after rerun for hours listening to the story of the guy who went down one hundred floors with a woman in a wheelchair without knowing who she was, or of the Californian hockey player, who gave his life fighting with the terrorists and prevented the plane from hitting a target that could have killed other hundreds or thousands of people.

How on earth were they able to respond united as one human being?

Imperceptibly, with every word and musical note, the memory of some turned into a modern myth of tragic heroes. And with every phone call, millions and millions of dollars were put into a collection aimed at rewarding not a man or a family, but a spirit, which no money can buy.

What on earth can unite the Americans in such a way?

Their land? Their history? Their economic Power? Money? I tried for hours to find an answer, humming songs and m urmuring phrases with the risk of sounding commonplace, I thought things over, I reach ed but only one conclusion… Only freedom can work such miracles.

Cornel Nistorescu

 GOD BLESS AMERICA ! ! AMEN!!!!