rochesterpatriot.com

Attended Rep. Eric Massa’s Town Hall meeting at Victor High School Auditorium this afternoon/evening. Quite a crowd! I brought fliers for our upcoming “Freedom Flicks” movie night (a 7:00 pm showing of ‘Fiat Empire’) at The German House Theatre Sept. 10 and managed to distribute about 400. Most people were receptive and I was surprised how many had already heard about it.

I arrived around 4:30, an hour before the scheduled start. Grabbing a spot by the main entrance, I found it tough sledding at first. The early arrivals were predominantly supporters of Mr. Massa and his positions. There was a tight lipped determination about them as they strode through quickly looking neither left or right. The offer of a “Free Movie” brought few smiles to their faces. Knowing that they’ve been outnumbered at these events, there seemed an effort to fill the hall as best they could before the arrival of what the media has been describing as “the angry mob”. And arrive they did. There was a steady line of cars snaking slowly onto the campus for well over an hour. When the lots were full they parked up and down High Street. These folks were generally much more receptive and smiling to my offer. Once inside people lined the hallways with no hope of gaining entrance to the overflowing room. They could not hear or see what was happening but they weren’t leaving. Through their presence alone they were willing the course of the debate.

This feels to me like there is much more than health care at play here. Lost jobs, missing pensions, cuts to Social Security, trillion dollar bailouts with no accountability, “hate crime” bills infringing on constitutionally guaranteed free speech, government takeover of the auto industry among others, a continuation of the wars in Iraq and Afghanistan with looming wars in Pakistan and Iran, amnesty, spending money that we do not have saddling our children’s children with a debt burden they will never be able to repay, has energized the people in way we have not seen before.

I left at 6:45 and went back to work for a bit. Watched the news at 11:00 with footage from inside the Auditorium.

It seems the sleeping giant has awakened.

Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.”

“Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.”

CBS ” 60 MINUTES” documentary on the swine flu epidemics of 1976 in the U.S. It went on air only once and was never shown again. Please look at this, it speaks for itself.

From the “Onion”…..

From SilverStockReport.com:

……’Now think:  How can the silver price drop by nearly $2/oz., when all these reports come in saying that the dealers are sold out, or nearly out, of physical silver?  This is the clearest evidence of paper short selling manipulation that I’ve ever seen since I started watching the silver market back in 1999, and I’ve seen a lot of evidence!’…..

Ted Sampley at US Veterans Dispatch.

From CNN:

…..”In the 21st century, he said, “You offend God not only by stealing, blaspheming or coveting your neighbor’s wife, but also by ruining the environment, carrying out morally debatable scientific experiments, or allowing genetic manipulations which alter DNA or compromise embryos.” …

From Guardian UK:

…”Barack Obama faced potential damage to his campaign yesterday after television networks aired footage of sermons by the former pastor of Obama’s church likening the Democratic frontrunner to Jesus and declaring: “God damn America.”

 From HeraldSun.au:

‘US President George W Bush says he would fight in Afghanistan if he was younger.’

‘Rumors are the Paul followers plan to flood the caucuses and will try to overturn the already established rules regarding how Missouri’s delegation will vote at the National Convention in St. Paul this summer.’

Another robbery of the American people.

From the NY Times:

‘JPMorgan Chase says that in conjunction with the Federal Reserve Bank of New York it will provide temporary funding for Bear Stearns.

The funding will be provided as necessary for up to 28 days. During that time, JPMorgan Chase will also help Bear Stearns find permanent financing.

Bear Stearns says its liquidity significantly deteriorated over the past day and the temporary funding will help it continue operating normally. The investment bank added there is no guarantee any permanent strategic alternatives will be successful.’

From The TimesOnline:

…’The name on most people’s lips was Bear Stearns. Although the Fed billed the co-ordinated rescue as a way of improving liquidity across financial markets, economists and analysts said that the decision appeared to be driven by an urgent need to stave off the collapse of an American bank.’ …

From Mike Adams at Natural News:

‘NaturalNews has also learned that HPV vaccines have been proven to be flatly worthless in clearing the HPV virus from women who have already been exposed to HPV (which includes most sexually active women), calling into question the scientific justification of mandatory “vaccinate everyone” policies.

Furthermore, this story reveals evidence that the vaccine currently being administered for HPV — Gardasil — may increase the risk of precancerous cervical lesions by an alarming 44.6 percent in some women. The vaccine, it turns out, may be far more dangerous to the health of women than doing nothing at all.’

From AP:
‘House Democratic leaders agreed Thursday to a rare closed-door session — the first in 25 years — to debate surveillance legislation.
Republicans requested privacy for what they termed “an honest debate” on the new Democratic eavesdropping bill that is opposed by the White House and most Republicans in Congress.
The closed-door debate was scheduled for late Thursday night, after the House chamber could be cleared and swept by security personnel to make sure there are no listening devices.’

From AFP at RawStory:

‘The White House, buffeted by a stronger than expected drop in monthly US retail sales, urged US consumers Thursday to shop and said they should be confident in long-term US economic health.’

From The Telegraph UK:

‘The Irish banking system faces acute strains and may require a phase of temporary nationalisation as the property slump leads to a wave of defaults, according to a leading Irish economist.’

From Susan Jacoby at Washington Post:

“The mind of this country, taught to aim at low objects, eats upon itself.” Ralph Waldo Emerson offered that observation in 1837, but his words echo with painful prescience in today’s very different United States. Americans are in serious intellectual trouble — in danger of losing our hard-won cultural capital to a virulent mixture of anti-intellectualism, anti-rationalism and low expectations.

From Mihael Rozoff at LewRockwell.com:

“Yesterday the S&P 500 closed at a low for the year, lower even than on Jan. 21 when the Fed surprised the market with its 75bp cut. That was an act of attempted market manipulation by the plunge protection team (PPT). I said then on this blog that there would be a short-lived rally and that the market would sink back to its lows, which it has. That is because there is no force that can stop this bear market from unfolding. It will end only when the bad credits are worked out and business activity, financed by real capital, can advance naturally.

This morning we have a repeat performance, a promise of injected bank funds in higher doses, this time coordinated with other Central banks, and announced before the open. Thus, the pre-open futures trades show s big rally to begin the day.

I can’t think of a more stupid way to prolong and deepen the recession we are already in. The Central bankers, acting on their outmoded and false theories, know not what they do. They think they can stimulate the world economy and avoid the bad debt and malinvestment problems by printing fiat money. They think they can forestall a bear market. They think they can control stock prices.

But they can’t accomplish any of these things with a printing press. They can only make matters worse. Look at the Japanese stock market! After its boom of 1989 and after enormous injections of funds into the banks, their stock market remains far, far lower than its peak. The Nikkei 225 was over 40,000 and it is now 12,658. Is this the fate of American stocks?

The Fed tried to save American stocks in 2001-2002, creating a long-lived rally lasting until mid-2007 that took the S&P 500 back to its peak of 1550 in nominal terms. Now that long rally has failed. The S&P500 is back to 1300. What can we expect of this renewed attempt in 2008 to prevent a bear market? Failure. The system is in much worse shape this time. The excesses and imbalances are worse. The gold price is far higher. The deficits are much larger. The housing industry cannot possibly lead a revival, even if Fannie Mae limits are raised. That will make matters worse, if anything. In terms of psychology, the Fed’s acts will be more clearly seen as desperate moves.

Once again, I think what will occur (the highest likelihood scenario)is a short-lived rally. This one may be even shorter than the last one. It might not even last out today, or it may be only a few days. Even if I am wrong, as there are always other possible scenarios and unknown future events, I think that this act today has no chance of launching a real and solid bull market.

Again I advise: Patience. Wait. When and if conditions arise for a solid new bull market, they will be evident and there will be time to enter the stock market. “

“It’s unfortunate that the American people still just don’t understand. It’s hard to watch them be so easily swayed by the endless mainstream nonsense while the truth is right in front of them. It’s by design of course, and the perpetrators have had a lot of practice at this.”

From Mike Whitney:

“Market conditions are the worst anyone in this industry can ever remember. I don’t think anyone has a recollection of a total disappearance in liquidity…There are billion of dollars worth of assets out there for which there is just no market.” Alain Grisay, chief executive officer of London-based F&C Asset Management Plc; Bloomberg News.

From George McGovern in Wall Street Journal:

‘Nearly 16 years ago in these very pages, I wrote that “‘one-size-fits all’ rules for business ignore the reality of the market place.” Today I’m watching some broad rules evolve on individual decisions that are even worse.’

From Jon Markman at MSN Money:

“As if a bear market, credit crunch, energy crisis and city financing emergency were not enough for one year, experts say the world is now facing down the barrel of the worst catastrophe of all: famine.”

“CNN host Lou Dobbs says that the New World Order can be defeated but only if “Americans awaken and soon,” as he attacked the Bush administration’s “shameless” destruction of U.S. sovereignty on a nationally syndicated radio show.”

Robert Scheer at Huffington Post:
“Are the media dumb or just out to lunch? Sorry to be intemperate, but how else can one explain the meager attention paid to the truly historic visit of Iranian President Mahmoud Ahmadinejad to Iraq? Not only is he the first Mideast head of state to visit the country since its alleged liberation, but the very warm official welcome offered by the Iraqi government to the most vociferous critic of the United States speaks volumes to the abject failure of the Bush doctrine.”

“In a stunning decision affecting thousands of families in California, the California Court of Appeal has issued an opinion finding no legal right to home school. “Parents who fail to [comply with school enrollment laws] may be subject to a criminal complaint against them, found guilty of an infraction, and subject to imposition of fines or an order to complete a parent education and counseling program,” wrote Justice H. Walter Croskey whose opinion was joined by the other two members of the appellate panel.”