Monthly Archives: March 2009

TALF – The Great Obama Scam

Sorry about all of the recent economic posts, folks, but the more the current financial crisis unfolds, the more preposterous it gets! Frankly, I can't believe what I'm seeing, and I use this forum to vent a little, and, hopefully, to enlighten my readers  and inspire them to take positive action. 😉

Well, it looks like the current administration is a carbon copy of the old one. First it was TARP, a scam bailout of big banks and insurance companies like AIG. Then, the “stimulus” bill. Now comes TALF, the grand Geithner plan to buy up toxic assets and relieve the banks of the burden of worthless derivative assets (“structured products”) that they themselves created.

You’ll recall that in  February, soon after Obama was sworn in, the House and Senate passed a “stimulus” bill. This bill, which no one in Congress  bothered to read (of course) is supposed to “stimulate” the economy by creating around $800 billion more fiat money. But of course, money is not really money, is it? It’s debt.

Take out a bill of any denomination and read the top. It says “Federal Reserve Note.” A note is a promise to pay, a debt. The FRN is simply an IOU. All money in our economy is actually debt. If you don’t believe me, go to You Tube and watch a movie called “Money As Debt.”

Fiat money, or money by decree, can be created by the Fed because it is backed by nothing of value, and is itself intrinsically worthless. In fact, our currency, the dollar, is just another scam. If you look on any bill you will see the inscription “This note is legal tender for all debts public and private.” Legal tender laws force you to accept worthless Federal Reserve Notes in exchange for valuable goods and services. When the printing of money can be accomplished with no restraint, you get a destruction and a devaluation of the currency. And that is precisely what has happened, in case you just arrived from the planet Remulak and haven’t a clue.

Now, back to the stimulus bill.  Recall that President Obama promised the most open, transparent administration in history. He pledged to not sign bills that hadn't been posted online for the public to read for at least five days BEFORE the final vote was cast.
Speaker Nancy Pelosi promised that the final version of the stimulus bill would be posted online for at least 48 hours before the vote. Here's what happened instead:

The 1,073 page bill, with an extra 421 page Explanatory Statement, was delivered, still unfinished, at midnight Thursday Feb 12th.  The House passed the bill 14 hours and 24 minutes later.  The Senate did likewise 3 hours and 5 minutes after the House.  This “stimulus bill” still had handwritten notes in the margins at the time it was passed. (Source,

So much for campaign promises, and so much for integrity.  But that was just the start. Now comes TALF, or Term Asset Backed Securities Loan Facility. This nutty plan will operate, in a nutshell, like this:

“Toxic assets,” (as they have been described by the White House Press secretary) are to be bought up using more fiat money that has been created out of thin air by the Federal Reserve. In anticipation of this new debt, Congress recently increased the Statutory Debt Ceiling from $9.662 trillion dollars to over $12.1 trillion. The Obama administration plans to print 2.3 trillion dollars of new money between March and Sep 30, 2009 (the end of the government’s fiscal year.) This money will go to “investors” who will buy up the “toxic” assets at their nominal value. Of course their real (market) value is unknown, but is certainly much, much less than their stated value. That’s why the banks are in trouble. They are carrying “assets” on their balance sheets that have no relationship to reality.

Congress, and the government, is apparently prepared to continue this charade.  It’s nothing more than a game of musical chairs. A Ponzi scam. Print more bad money to bail out bad investment decisions.  As long as the music doesn’t stop, the game can continue (the game of printing and creating more fiat money -- debt -- out of thin air) until hyperinflation causes a crash and the music stops.

What is the result of the crash? A readjustment back to true market value. So, you ask, why not do that in the first place before things get even worse? That’s the question you must ask your Congressional representatives and your President.

Sure, some people are going to get hurt, but those are the people who made bad choices. Don’t punish the rest of us who have been responsible and pay our debts! Governments, however, reward irresponsibility and punish honesty. Governments reward losers and punish winners. That is a recipe for failure, as we are seeing manifest right before our eyes.

What will happen, of course, is that after $800 billion of TARP and $800 billion of “stimulus” bills, and another $2.3 trillion of TALF, hyperinflation will result, as too much currency chases too few goods and services. Who gets hurt during inflationary periods? Why, the old and the poor, the very people the Democrats say they want to help. Not to mention honest, able people who have saved up their money and now see their purchasing power diminish as the Fed continues to create more and more money (debt).

The argument that new money will stimulate the economy is disingenuous at best, because everyone understands that it’s going to take a long time for that stimulus to actually result in the production of more goods and services in the private sector. The real problem is that all of this new money will eventually find its way back to the banks. It’s another disguised bailout, and it’s what the Democrats and the Republicans are hoping you don’t figure out.

The people in Congress should understand this, but they apparently do not. If your congressman or Senator votes(d) for these bills, they should be recalled.
(Guess what, people? The arguments you see on TV are all for show. Democrats and Republicans are actually quite friendly. They see each other outside the Capitol Building, have dinner, and socialize together. If you think there is a fundamental difference between Democrats and Republicans – despite what idiots like Bill Maher say --  I’ve got a used car I’d like to sell you.)

Back to TALF. Let me ask you something: if you lent $10,000 to your brother-in-law and you know he can’t pay it back, what do you do? Well, you write that $10,000 off your personal balance sheet. It’s just too bad, but you have to eat it.

The government’s plan, however, under TALF, is to go out and get a credit card and put $10,000 on it. Except that they are playing with trillions, not thousands!

How can you “buy back” worthless assets by creating more debt? You can’t.

But this is the insane plan of the Obama administration, the Geithner Treasury, and the Democrats.  Of course, the hypocritical Republicans, who did the same thing when they had control of Congress, are now playing holier-than-thou.

What’s the point?

The point is, we can no longer trust the Republican or the Democratic parties. The Republican-Democratic debate is a false dichotomy, as I have pointed out in an earlier blog post. Until the electorate wakes up and refuses to put any more of these jokers in office, America will continue down the road to financial ruin.

What can you do?

Join Downsize DC at (non-profit). Find out what’s going on in Washington D.C. and do something positive about it! And for God’s sake, get yourself educated on the subjects of money and finance. Start by going to You Tube and see “Money As Debt.”
There’s still time to save America, but we as citizens cannot accept “business as usual” from the Democratic and Republican parties.

P.S. I promise I’ll eventually put up parts 2 and part 3 of It’s Nitty-Gritty Time. I’ve been busier than a one-legged buttkicker the past month, working on my new project, called The Give-A-Shit-O-Meter. Coming soon to a website near you!


I will be posting the two sequels to "It's Nitty-Gritty Time," I just haven't gotten to it yet.

Today something happened that really blew my mind.
The Federal Government announced that the budget deficit for fiscal year 2009 will be … $2 trillion dollars. That’s correct, folks. Two TRILLION dollars.

And where will that money come from, do you think?

Well, after soaking the private sector for several trillion, the Fed will simply print more money. Or the Geithner Treasury will try to sell more worthless Treasury securities to a world that is awash in dollar-denominated debt.

In a previous blog post I mentioned that the Obama administration plans to borrow $2.7 trillion over the next 7 months. Frankly, I didn’t believe it. I didn’t believe that the level of mismanagement of our government’s finances could be so egregious. But apparently it is.

You’ll recall that last month, President Obama sent secretary of State Hillary Clinton to China. Secretary Clinton told the Chinese leaders that they would have to keep buying our debt so that we could keep buying their products. Huh? Didn't we used to make those products?

The Chinese already hold trillions of dollars worth of our debt. The entire world knows the United States is bankrupt. Apparently, our Congressional representatives haven’t a clue.

Why would anyone in their right mind buy more US debt?

The answer is that the rest of the world is fed up with the United States’ fiscal policies. We are trading on the fact that the dollar is still the linchpin world currency, to pay our debts by simply inflating our currency. It ain’t going to happen, folks, because the rest of the world has wised up. We are not going to be able to float anymore debt, certainly not trillions of dollars worth.

So what will happen? The Fed will simply create more money to fill the huge deficit spending hole, further devaluing the dollar. Will the government actually reign in spending, as you and I must do when our expenses exceed our income? Nope.

Congress does not even read the bills they pass. That’s how a budget can be passed with a $2 trillion dollar hole in it. If you want to do something about that, go here :

At the same time, Speaker Pelosi announced that the Federal government is looking out for you, by passing legislation that will try to take back around $185 million in bonuses paid by AIG to its executives, after that disgusting bailout last year.

Thanks, Nancy.

You are planning to borrow and spend TWO TRILLION more than you take in this year, and you expect us to be happy because you’re going after a paltry $185 million?

That is the state of affairs in our country today. Our representatives have gone stark, raving, mad.

The Democratic and the Republican parties are both irresponsible and corrupt. These two parties are killing us, devaluing our currency, our economy, and no one seems to care.

I went to, expecting to see the projected government deficit as front page news.

Guess what?

It wasn’t even mentioned. The Fourth Estate is just as irresponsible as Congress.

If you continue to vote Democratic or Republican, you are voting to continue the madness.

I voted Libertarian again, for the 4th election in a row, but my vote doesn’t count. Third party votes aren’t even mentioned anymore. All pretense of an actual democracy has been tossed out of the window. It’s just the “red” gang versus the “blue” gang on the Big Political Map. Reminds me of the Crips and the Bloods feud in L.A. several years ago.

What’s the difference between the  old Soviet Union and the United States today? Not much. A huge, corrupt government, fake elections, and an economy that is going down the tubes.

But in the Soviet Union, at least the people KNEW their government was lying.

In the United States, we swallow bigger and bigger untruths and put up with more and more gross mismanagement of our currency and our economy every day, without blinking an eye.

As this is being written, our species is on the brink of a world-wide financial collapse. It appears that our future is in the hands of a small elite, but I would argue that our fate is in the hands of all of us.

We are, collectively, writing the screenplay for the next act. Some have said that the year 2012 will somehow, mysteriously, lead to a resolution of our predicament. A magical number like 2012, however, will not determine our future. This sort of thinking is what got us into the mess in the first place. Looking toward 2012 is like asking Merlin the powerful wizard to wave a magic wand and make everything all right. As individuals and as a species, we have been sleeping for millennia, but it's now time to WAKE UP.

The demand for change is growing exponentially. As the vast majority of us live our normal, daily lives, a significant number of us are asking for an evolution out of the old, imprisoning memes of thought. This asking is creating a vibrational whirlwind that is shaking the foundations of the old order.

What are the dominant memes of the old order? Scarcity and unworthiness, which leads to a "follow-the-leader" mentality, and creates hierarchical structures. Geometrically speaking, the most prevalent and well-known of these structures on earth is the pyramid, with a very large base at the bottom, and a very small tip at the top. The earth is littered with them, and they exist on every continent except Australia.

The pyramid is the perfect representation of mankind's belief systems.

A pyramid is wide at the bottom and tapers to a small point at the top, inviting domination and control. Naturally, since there is only a very small space at the top, those who want to take a leadership role gravitate to these positions. Because the masses of humanity have, in the past, given up their power, our societies have a "top down" orientation that perfectly satisfies all of the participants. Those at the bottom gripe and moan about their condition (while maintaining the attitude that "you can't fight city hall") while those at the top, left without direction, see fit to do as they please. This has lead to societies that eventually spin out of control and deteriorate, as those at the top aggrandize more and more power to themselves. Eventually such a society must fail, because it is imbalanced. And so we begin the process all over again. That has been the cycle for the past several millennia, after the collapse of the last great civilization on our planet, which some have called Atlantis.

Now, however, the demand for change is so high that it is rocking the foundations of this well-established pattern. Right now, the world is facing a financial crisis that is a perfect representation of the vibrational patterns of thought in the species.

The old, top-down order defends itself by using the old methods of coercion, conflict, and domination. The new consciousness requests more harmony, cooperation and abundance for all. The new paradigm feels its way, like a blind man who is just beginning to see the light through eyes that are beginning to function properly, into a stronger and stronger vibrational resonance.

The result is, of course chaotic. But science has done a good job of describing chaotic systems. When a natural system becomes chaotic, it will inevitably stabilize itself after a period of time. That is precisely what is occurring at this time. The important thing to recognize is that WE, as individuals, are choosing the new patterns of thought, right now, around which the new system will resonate.

Individuals are NOT powerless! Collectively we determine the parameters of action of the so-called elites. The prominent belief systems in societies with hierarchical structures is scarcity, and unworthiness. As Erich Fromm described in his 1941 book "Escape From Freedom," individuals within human societies seem to enjoy giving authority over their lives to governments and authority figures. This "follow-the-leader" mentality gets the human race into trouble time after time, as leaders gravitate to the power vacuum caused by the abandonment of individual responsibility by its citizens.

Kenneth James Michael MacLean has written 8 inspiring books, over 100 content-rich articles, and produced two movies. Visit Ken at his website, The Big Picture, at

To see "The Law of Attraction Explained" and "The Unity of Spirit and Matter" movies, go to

(continued from Part 1)

My Story, Part 2

Every 9 – 10 years or so, I went through a depressive phase. In 1979 I had a very severe case of the flu, which apparently triggered another depressive cycle. During these cycles I maintained my health, but for several hours a day – at unpredictable intervals – I would feel psychological and neurological symptoms such as paranoia, hopelessness, timidity, inability to make decisions, and a feeling that I was going crazy. Later I discovered that all these symptoms were brought about by the mercury in my dental amalgam that was slowly seeping into and polluting my brain. Doctors wanted to place me on medication, but I refused. I knew I could deal with it, and I did. These cycles would last for approximately 12 – 18 months, and then I would feel better again. It was inexplicable.

During this time I took liquid herbal nutritional formulas, designed by Dr. Watkins to relieve symptoms, and I am sure they helped. At that time (1979) no one knew about, or even suspected, the effect that dental amalgam could have on the body.

In 1988 I experienced another relapse when I too ka large dose of what was called “blue-green algae.” Blue-green algae is some sort of living biological material that is supposed to have beneficial effects, and so I and a number of my friends tried it. Everyone I knew had either positive reactions to it, or no reactions at all. But when I took this stuff, it literally exploded in my brain, and I felt like I was falling off the end of the world. Literally. And I was back in another cycle that lasted for about a year.

My doctors had no idea what was wrong with me, and their solutions ranged from drugs of various kinds to anti-depressive medications. But again, I refused to take these drugs. I still had my health, and continued to run and feel quite physically fit, even though my brain sometimes felt as if it were controlled by aliens from the planet Zorkon. If you have ever felt like you are going nuts, I sympathize with you. I’ve been there, more times than I would care to count! My condition was still a gigantic mystery.

In 1997 I experienced another of these cycles, again brought on by a very severe case of influenza. This cycle lasted about 14 months, and then I felt better again. Between these cycles. I felt like a normal human being. During them, I could still work and function normally, but my nervous system often felt like it was connected to a vibrator.

From 1985 to 2005 I was a home services contractor, and I used a lot of paint and other chemicals, which I’m sure didn’t help my condition. But there is simply no way to explain why (1) I felt in good physical health the entire time, and (2) why, every 9 – 10 years, I would suddenly become neurologically batty. If these chemicals were the cause of my condition, why didn’t I get physically ill? Why didn’t I experience neurological symptoms all the time?

Well, to make a long story short, in 2005 I hit the wall. I woke up one morning so sick I couldn’t even get out of bed, depressed, and chronically fatigued. Dr. Watkins had no answers for me. My doctors wanted to put me on meds. One of them said my thyroid was the problem, but I had no symptoms of thyroid malfunction. Then one day, almost a year later, I was talking to my friend Dave Froseth, who I call “genius Dave.” Dave is a musician, and one of those guys who can do anything he wants. He builds keyboards, teaches, performs, and studies just about everything under the sun. Dave looked in my mouth and said that I had a lot of dental fillings. I said, “so what?” Dave recommended a book by Dr. Hal Huggins called “It’s All in Your Head.”

I’ve skipped a year here, because that year was the worst in my life, a year I would not wish on my worst enemy, if I had one. Not only did I experience the neurological symptoms, but now I was chronically depressed, along with experiencing chronic fatigue. I still had no idea why I was feeling the way I was. Then one night I woke up at 4 in the morning. I felt like I was going nutsoid. I remembered the book Dave had told me about, and how, according to the author – a dentist – mercury in dental amalgam could adversely affect your health. I randomly googled “mercury poisoning” and found the web site of a woman who had been through precisely what I was going through. She listed 25 physical and neurological symptoms of mercury poisoning, and I counted them off. Which ones did I have? I had 22 of them!

Right then I knew the cause of my lifelong, mysterious problems. I remembered the name Hal Huggins and I went on his site. At that time, he had something posted for all those suffering from mercury poisoning. I can’t find it on his site anymore, but basically it said, ‘You aren’t crazy. Those weird thoughts you have, and your poisoned and burning brain, your fogginess, your light headedness, your loss of cognitive function, is caused by mercury from dental amalgam fillings.’ I’ll never forget that, because it was a profound relief.

So I saw a dentist and had all of my fillings removed in Feb 2006. This was a serious operation that lasted 7 hours, and was performed by a Hal Huggins approved dentist in Montreal, Canada, Dr. Carl Benoit. They give you a vitamin C drip, and an anesthesiologist is present. Strict protocols are followed to ensure that absolutely no mercury gets into your body (all of the fillings have to be drilled out). After I had my fillings removed, I was warned that I might actually feel worse. That’s because when the fillings are out, the body tries to get rid of the stuff. And when mercury moves, it doesn’t feel good, especially when it is lodged in your brain. And that’s exactly what happened. So now I felt really rotten, because I did the correct procedure and I still didn’t feel any better!

Well, that brings us to the PhD chemist Andrew Hall Cutler and his protocol for safely removing mercury from the brain and the body, and to an exciting new alternative technology called Rife technology, which I’ll get into in the next blog posting. These two alternative methodologies have resulted in a slow removal of the mercury from my body and my brain. My health is now much better. Even though I sometimes get frustrated at the slowness of the recovery process, I am still thankful that I am getting better. I’ll conclude my story (up until the present day, that is) in the next posting.

I’ll also have another blog post soon on the world financial crisis, and my thoughts about where we are headed.

🙂 Ken