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Presenting The $303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For
Courtesy of the Cronybus(sic) last minute passage, government was provided a quid-pro-quo $1.1 trillion spending allowance with Wall Street's blessing in exchange for assuring banks that taxpayers would be on the hook for yet another bailout, as a result of the swaps push-out provision, after incorporating explicit Citigroup language that allows financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp, explicitly putting taxpayers on the hook for losses caused by these contracts. Recall:
Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article:
Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services.
We say explicitly, of course, because taxpayers have always been on the hook implicitly for the next Wall Street meltdown.
Why?
Exhibit A: US banks are the proud owners of $303 trillion in derivatives (and spare us the whole "but.. but... net exposure" cluelessness - read here why that is absolutely irrelevant when even one counterpaty fails):
Exhibit B: Here are the four banks that are in complete control of the US "republic."
At least we now know with certainty that to a clear majority in Congress - one consisting of republicans and democrats - the future viability of Wall Street is far more important than the well-being of their constituents. Which also, implicitly, was made clear when Hank Paulson was waving a three-page "blank check" term sheet, and when Congress voted through the biggest bailout of banks in US history back in 2008.
The only question is when the next multi-trillion (or perhaps quadrillion now that all global central banks are all in?) bailout takes place.
Source: OCC
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Jim Himes is a treasonous SQUID
"Jim began his professional career at Goldman Sachs & Co. where he worked his way up to Vice President over the course of a 12-year career. There he worked extensively in Latin America and headed the bank’s telecommunications technology group."
http://himes.house.gov/about-jim/biography
I understand the sentiment. The numbers are staggering.
However I take solice in this is such an overreach that it can't realistically be back stopped. It just can't. You can pass a law that says we must stand in the street and stop a speeding semi but it doesn't mean it will happen.
Of course they know the entire amount of these derivatives cant be backstopped. All they care about is taking anough money to keep their companies, salaries, bonuses, and stock prices intact.
Blind monkey,
open your eyes and see! Just because it can not be backstopped does not mean they don't take everything.
By everything I mean, Social Security, Medicare, your bank and credit union accounts through bail ins, the mineral rights, coasts, forests, deserts, national parks of the United States of Bankamerica, your pensions, your 401K's.
The banksters have done this slowly and thoroughly in other countries. Now they want it from you. Who is to stop them if they do it slowly and over 20-70 years? Our sedated populace? The unions? The dancers from Dancing with the Stars?
WHo?
Correct me if I'm wrong but the new Republican majority has yet to be sworn in and this a bill of the Democrats making and passing?
But congrats on the Alinskite tactic.
Shhh.
You're not supposed to notice.
They rely on that.
No they haven't.
But the OLD Republican majority in the House was sufficient to pass this. I hear you on the Alinsky stuff. But Wall Street owns both sides of the aisle. Shit, the Street owns the aisle itself.
They don't need our money ...
It's never about needs, only desires...
I haven't kept my fiat in a bank since March 2013. Cyprus was the writing on the wall for me.
I guess it is not that obvious,
It is NOT just about bank account bail ins. It is about appropriating all of the public resources that should belong to all americans. The national parks, forests, mineral rights, coasts, prairies, deserts, oil, sky and air.
When the crisis comes and the US has to pay for their debts, they will do a fire sale on all U.S. govt properties. They will gut the national parks, forests, lands, etc. IN ADDITION TO MINE AND YOUR PITTANCE OF CREDIT UNION, 401K OR BANK DEPOSITS.
THE END GAME IS FOR ALL THE FUCKIN MARBLES. DONT WE FORGET THAT. THEY WANT IT ALL.
THE CURTAIN IN THE THEATER I COMING DOWN AND THEY WILL LET US KNOW THAT THERE IS A BRICK WALL ON THE OTHER SIDE.
Doesn´t matter. If you are the proud holder of a U.S. citizenship and a SSN-number - you will pay. A lot of money. When those derivates start going south. Serfdom v 2.0
Several poor fucks are on the wrong side of this oil trade.
WHACK!!!!
You don't have to keep your money in a bank in order to be affected by this...
You could keep your money under your matress, and your still going to feel it. If you are a US taxpayer you are on the hook.
Every bank is now, too big to fail.
me either because i don't have any.
"I will never keep my money in a bank again."
It doesn't matter where the hell you keep your money because when Citigroup's derivative trades blow up YOU WILL BE TAXED.
This is more true than you know.
The American dollar is used because of the threat of force. Americans pay taxes in dollars or are jailed by the use of force. OPEC exchanges oil for dollars or they are droned.
The next phase is a general realizing where all this power originates during the right conditions (a large devastating financial collapse). We'll have a true military dictator within the next generation. Everything points to it.
And he/she will be cheered into power by hopeful and ignorant masses.
"Nothing changes until we roll the "National razor" "
In that case, it's time people joined the Nat. Razor Association. As upstanding (up and standing) members in training. If you're not upstanding you ain't up & standing.
Just joking. I think. I can never tell when I'm serious or sarcastic, dear Gov.
Looking forward to Megan Kelly's monologue the day after the collapse
"No one has seen the collapse coming. It caught the entire world by surprise. My God Bless everyone and the United States as we work through this difficult time."
I am not sure what everyone is worried about. Americans are saving so much money on low gas prices that we'll easily be able to pay for this, pay down the national debt, and pay down our own debt. Whou would've thunk that low gas prices was THE FIX.
"Next in breaking news, the new weapons collections centers will open tomorrow at noon local time. You are requested to go to the closest one, and turn in your weapons for your certified Federal T-Bill, which is redeemable in 10 years. Please also remember to print out your ration cards on both sides of the paper. In this time of financial need and desparity, you can, not only save money by using both sides, but its better for the environment as well."
"In other news, Russia just attacked the USS Abraham Lincoln as it was docked in Odessa Ukraine. We are expecting a press confrence from the President shortly. Casualties are high."
And your local true-value has stocked up on guns and ammo so don't hesitate to spend that saved gas money on weapons.
Let me say this in small words- it is important to go out and buy weapons from people you don't know and people who don't feel like they have to keep records. Sure, you may have to hand in the guns that are on the books, but that one extra, undocumented, firearm may just save your life.
Amnesty for undocumented firearms!!! Don't ask, don't tell. Of course I just wish I would have bought a gun at some time. I'm probably too late already. Oh well.
The fix for whom? Oh yeah, those clever Saudi bastards. Oil could be $25 a barrel and they would still be making money. This was all engineered to kill shale oil, which can only be produced for profit when gas is through the roof. So now the USSA has to go kill more brown people, since the shale oil miracle has been slaughtered.
No,
This was engineered by the US, Israel and Saudi Arabia to kill Russia. It is financial economic war.
They will even let the S&P crash hard if it means that Russia/Putin is destroyed.
They will allow deflation to happen until Russia crashes, and then they will reinflate.
+1000
The conserva-chumps were pretty dismissive and smug against OWS.
They happily sneered the whole thing as an anti-capitalist, commie slum-out.
Well OWS should be gratful they were not anal probed by the IRS on orders of president Zero...oh that's right they had no income, their shtick was wanting mine via the force of a .gov gun barrel, guess they won by the looks of the article.
Most people just want to work for a living, you know, a good job with a decent wage. But paying a fair salary is not something most companies have to worry about these days since there is plenty of competition for the types of jobs Americans are forced to take. Unless you're banker, money doesn't grow on trees and wages have to be paid by someone. The crazy fucking conservatives and their oligarch masters now want us to believe a fair wage is wealth redistribution or even communism. That's messded up.
Don't worry.
Pretty soon the 'Ministry of Fair Wages' will take over those unfair competetive private businesses and award those 'fair wage' jobs to their family and 'politically reliable' friends.
Got any friends? You already look politically reliable.
Cuz we're AWESOME!
What about Peter Schiff? The guy predicted all of this. He's been warning us for years!
Peter Schiff will be jumping up and down on CNBC screaming at the top of his lungs about this the day after -- and these idiot talking heads will still dismiss him.
Schiff is a genius -- no doubt. He just doesn't fit with the official narrative.
I think Schiff -- like Alex Jones -- needs to -- EVERYTIME HE IS ON TV -- or the internet -- or writes a column, or ANYTHING -- say over and over and over again "I am not suicidal."
If he doesn't -- he might be #38.
+1, Hans!
I'm not suicidal; I don't own a nail gun; I don't take baths, My car is 30 years old; I only go into single-story buildings; Basically, I just sit on the couch all day and the only food I consume is blended.... no choking hazards.
WTF. Past due to have all theses crook TBTF bankers & their crony corruot elected ruling political elite turds to have all of their skin sandpapered off and buried in salt.
Sen Liz Warren objected:
http://www.c-span.org/video/?c4518885/senator-elizabeth-warren-2015-fede...
It's Gramm-Leach-Bliley Part Two ...
Will never change
That's perfect. Kind of a reverse Glass-Seagull. Glass-Seagull existed to protect the public from the investment banks, and it resulted in 60 odd years of banking security and freedom from worry for the citizens; I wonder what this one will result lin ? It's a wonderful world, when no-one pays any attention anymore; you can do whatever you want and the sheeple just keep their muzzles down in the feed trough.
@SAT 800 No, this is even worse. Gramm-Leach-Bliley (1999) put an end to Glass-Steagall when it was slipped into a Congressional packet much like the one passed today.
This latest bit of Citicorp crap is repealing the Dodd-Frank Act provision enacted after the financial system blew up in 2008.
Why Citicorp wasn't long ago put out of business is already a cause of shame but why Citicorp is now able to slip its own legislation through Congress buried in an omnibus spending bill is ... well, it's gonna end in tears for everyone.
Who cares... they have stolen everything from me already. Except my AR15. Good luck getting that.
It will be easy when Obola is spewing from all your orifices and 200,000 Federal Useless Eaters are walking around collecting the gunz.
The Lloyd giveth, and the Lloyd taketh away.
Treason!
<--Crash before Christmas.
<--Crash immediately after Christmas.
no crash, they are not allowed to make it....
QE4 around february.
all your points of view are based on the simple fact that the debt have to be paid somedays.....
WHICH IS NOT....
this all the strategic point : nothing will be paid bad ever... period.
dont worry guys we can just print our way out.
We derivatized some folks...
We examined the prostrates of some folks using a broom handle.
It use to just be the toilet plunger.....now it's the broom.
When the derivatives bomb goes off it will be a telephone pole.
Does the NYPD still have that practice as policy?
+1 for digging deep down the memory hole.
OT, my hugelkultur, chickens, fruit and nut trees move inversely proportional in value relative to the coming shit storm coming when the Senate passes this crap. In my mind this was the last standing perimeter defense to prevent the financial collapse of the USA.
Risk on will now explode towards full retard mode everywhere.
I hope you truly know your neighbor when the blood starts gushing in the streets.
the last standing perimeter defense to prevent the financial collapse of the USA actually occurred in 1913
I agree and get your point.
But a lot of shit has happened between now and then.
It is the now that I am most concerned with.
Peace.
I get that. But as slow motion train wrecks go on a 35mm film reel saga, it doesn't occur to me to care much about which frame I'm in at any given moment. I just want the movie to end.
I truly do know my neighbor, and his blood will be among the first gushers.
Do you know where your Money Market Fund is tonight ? T ha t's my new question for Mr. and Mrs. "everything's all right, you worry too much".
$303 Trillion In Derivatives That US Taxpayers Are Now On The Hook For
Happy Christmas.
It's now open season on Oompa Loompas. Get your urban camo gear today.
http://www.gandermountain.com
Over here we say 'Merry Christmas'. But only in places where you are allowed to say the word Christmas.
Don't try this in any public school.
Alrighty......Merry Christmas it is.
All you had to do is ask.
When people say Happy Holidays to me my standard reply is which holidays? Do you celebrate them all?
Call it a Miracle, but "Christmass" is still observed in our school district. With pride and fun.
As are demands for a quality curriculum, top teachers and results that work. It also so happens that people move into our area for the great public schools, parents are actively involved, and we seem to be strangely unrepresentative of the country's demographic mix. We don't like to advertise, lest we attract all the wrong sorts (riff-raff) and the place goes to hell.
JPMorgan Chase
Total Assets: $2,520,336,000,000 (about 2.5 trillion dollars)
Total Exposure To Derivatives: $68,326,075,000,000 (more than 68 trillion dollars)
Citibank
Total Assets: $1,909,715,000,000 (slightly more than 1.9 trillion dollars)
Total Exposure To Derivatives: $61,753,462,000,000 (more than 61 trillion dollars)
Goldman Sachs
Total Assets: $860,008,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $57,695,156,000,000 (more than 57 trillion dollars)
Bank Of America
Total Assets: $2,172,001,000,000 (a bit more than 2.1 trillion dollars)
Total Exposure To Derivatives: $55,472,434,000,000 (more than 55 trillion dollars)
Morgan Stanley
Total Assets: $826,568,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $44,134,518,000,000 (more than 44 trillion dollars)
Sheeple get back to work for your masters
But all these derivatives are necessary to provide liquiditiy to the market, no? This is purely for the benefit of main street, isn't it?
Yes, derivitives keep us all safe & warm. Praise be to our wise & altruistic masters.
Think of the children this holiday season, a CDS in every stocking.
Honestly, these gross notional amounts outstanding of derivatives that you speak of are actually misleading. They count the underlying principals that the derivatives are based on (but are not usually exchanged), thus not the actual cashflows that take place under the contracts. While they give a "size" of the derivatives market, they do not indicate the true risk exposure.
For a better idea of derivative risk exposure, see net notional amounts outstanding. They are much less than the numbers you often hear such as the gross "$600 quadrillion derivative timebomb" quoted in the press.
I'd keep a close eye on the net notional amounts outstanding, particularly of CDS products on various entities, particularly those which are unthinkable to fail yet do (Lehman anyone?). CDS payouts are what brought AIG to its knees (it was a net payer of insurance for underlying Lehman CDSs that blew up). But data for such is hard to come by due to the OTC nature of derivatives and lack of central exchanges. ISDA is the only real authority for OTC derivatives.
That being said, a black swan event is bound to come along and fuck the party up for everybody. Always does.
Get ready for the next round of drama from Greece.
So what is the real risk number as we always get the overal figure? I would like to know how big a check I am writing..
Well according to ISDA, if you remember the last Greek drama in 2012 about whether or not it constituted a "credit event" to thus trigger CDS payouts....apparently the real risk number was only $3.2 billion.
They must have done the calculations first and announced the credit event later because it was deemed "manageable" to the system. If the numbers won't be acceptable, I bet they'll find a technicality to not call it a credit event.
http://www.forbes.com/sites/afontevecchia/2012/03/09/on-greece-defaults-...
Net notional is only an accurate measure of exposure if every counterparty makes good on their commitments. If ShittiBank goes tits up (again), then US taxpayer will have to cough up perhaps USD 30 trillion (2x US GDP) in order to keep JPM, GS, BoA etc afloat (so they can maintain their net notional myth)...
Net notional hasn't worked in theory (much less practice) since Hank "tanks in the streets" Paulson chose to BK the House of Kuhn Loeb (Lehman).
I still haven't seen any full accounting of how they cleared ALL the derivatives that Lehman was a counterparty to? (i.e. How many tens (or hundreds) of billions of derivatives where Lehman is the counterparty are still marked to myth (anything other than 0) on the other Banks' balance sheets?
We won't know until it is leaked in the year 2100...
ekm1 has been banging the drum on triple Lehman.
It would appear he's grossly underestimated. ;)
Kudo's ekm1!
Dont worry -bilateral netting will save the day!
hahahahahahaha
"While they give a "size" of the derivatives market, they do not indicate the true risk exposure.
For a better idea of derivative risk exposure, see net notional amounts outstanding...."
That's one way to look at it, and certainly the way bankers would prefer it be considered. Another way (either net or gross) is that the sums involved are multiples of either balance sheet values (insurance) or even transactions volumes. In other words, the excess of derrivatives over either of these amounts represents pure gambling (or speculation if you're squeamish).
They are desperately pursuing a Martingale strategy hoping for the payoff before the casino closes. Unfortunately for them (and us to some extent) is their strategy is a circle jerk among the top 5 big boyz. If one wins, the others lose, which is why they needed to bring in the taxpayer (mark). In this they have miscalculated however. The mark is broke.
As we saw in 2008-09, these instruments whether for insurance purposes or speculation, fail in non-linear fashion. That suggests that those on this site who write, the bail out does not matter are probably correct. The potential losses are so staggeringly large, the only solution will be a force majeure declaration and all bets are off. This is the path of least resistance since the derivatives are off-balance sheet. They'll try everything else short of that but will ultimately be forced to the inevitable. A debt (derivative) that CANnot be paid WILL not be paid.
They's nicely distributed though, right? Just the Deutsche Bank is missing...
think about what constitutes "assets"
And Wells Fargo??
When the shit goes down, head West. 200 West St, that is. Seriously, 30x leveraged derivatives can be just as dangerous as 30x leveraged loans. They aren't THAT stupid. American taxpayers will be paying with their dollars (or freedoms) for all the bankster bonuses that have been doled out as a result of this terrific derivative engineering. When you get pissed off today, kick a bankster.
Lets swap! My turd for your hard earned money. Same as it ever was.
what difference does it make....
Well played, Nobel Prize Winner. You sold out this country to the banksters so totally that there is nothing more to sell. Free trillions to Wall Street even as 0.1% own more wealth than the bottom 90% in the land of the free.
You sold out your country to Israel in March 2009 by handing over all NSA data collected on Americans to Israel without any legal restrictions.
You promised to label GMO foods in 2007 and then reneged.
Bombing 7 Muslim countries and destabilizing Ukraine was an apt way to celebrate your Nobel Prize.
If not for selling-out, you would have no accomplishments.
We sold out some folks
We also rectally fed some folks.
This was predestined before the nobel prize winner smoked his first reefer....
Keep your eye on the ball!
100 Years ago another academic was elected as POTUS and we got WWI, Federal Reserve, Income Tax, Neutered States, ...
Obamba is just making up for lost time.
The Congressional staff that put that in there needs to be dumped into the Potomac
But don't worry, fellas: it's for bona fide risk hedging only!
And no way would they sell in the money derivatives to do it.
The Congressional staff that put that in there needs to be dumped into the Potomac
If they float they're witches......if they drown.......they were probably OK.
But these are "systemically important financial institutions" so it's all for our own good, right?
Brilliant!
Just when you think you are totally screwed, they take the game to a whole new level. Now it's HUNDREDS of trillions the taxpayer is on the hook for.
Who says the game's not rigged?
You can bet your sweet ass not one off shore account will be euthanized in the process.
We must start the wholesale euthanizing of the Baby Boomers and sell their stuff on ebay.... or our lifestyle decline will continue.
I certainly hope you bring proper weaponry, for your sake, as there WILL BE RESISTANCE.
Yea, yea, yea....
Yeah the oxygen toting walker brigade is a thing to behold.
They might run over your foot with their power mobility scooter!
https://www.youtube.com/watch?v=Zrv2FuajJZ8
As if they can just wave the magic wand of government decree and risk can disappear.
Risk does not disappear, it is shifted from one persons back to anothers.
The banks are paying off politicians to pass bills that allow banks to privatize the gains from selling their fraudulent paper, and to spread the "costs and risks" of doing so onto the publc.
(Make money with fraud, and put the public on the hook for the down side)
Thats all thats going on here.
Its a Bail-In Package.
More Bailouts for 2b2f banks that will fail regardless.
Since it is fraud it should stop right there. Money made on fraud practices should be zero!
Oh, the fraud got written on paper and voted on by a bunch of fraudsters.....alls well.
Carry one!
I already had an assumption that profits are privatized and losses are socialized.
I also have had an assumption that the global Ponzi will eventually blow up and take pretty much all of us with it.
They can assign themselves lifeboats all they want because it isn't going to matter.
When this thing blows up those decrees will be worth less than the paper they are printed on because confidence in paper promises will be gone. When confidence in paper blows up it doesn't quickly return without some sort of physical backing.
if this report is accurate this the end..WS are now openly advertizing they own the Gov.
O, Congress and the Senate ought to be shot for this.
I am truly truly appalled that elected reps could shaft their own people like this.
Democracy is over.
Drink a Samuel Adams beer and relax.
The government has always been owned by Wall Street. We have just reached the point that people are too stupid to realize it even when they openly show it.
Wall Street and the government are the only places that exist where you can be completely corrupt and completely worthless, yet still become insanely rich without lifting a finger.
You could also be a Kardashian
Are those the big assed aliens from planet Kard that are on the new Star Trek Movie?
"If this report is accurate" IF?
Get those machines printing, Ms. Yellen...
http://olduvai.ca
Communal living in unsanitary pig sties and cat food for dinner.
shut up and put your wallet in the bag!
This is your country. This is your country on traitors .
The goyim must always shoulder the burden.
It's about time for the cattle to break down the fence and stampede on the heads of the overburdening masters.
Even a cattle knows when to avoid pain.
The goyim must always shoulder the burden.
My ancestors crossed Caucus Mountains and my drivers license identifies me as a Caucasian......no way in hell I'm paying for this crap.
I'm grandfathered in.....go see someone else.
You're invoking Caucasian privilege , are you?
ummmmm.......
If that doesn't work.....I'll whip out my Zebulon card.
No way in hell they'll question that.
I'm thinkin' bein' called WHITE is racially Insultin'.
http://www.urbandictionary.com/define.php?term=Zebulon
can cattle swim across the ocean , to find the real masters ???
Aren't the sheeple on the hook for everything?
Last time they were socilaizing the losses. This time round they will be socializing the destruction if the taxpayer has to foot the bill for derivatives gone bad.
A fractional system of banking is corrupt and as fragile as they come, but to foist derivative losses on that system as well, shows a blatant disregard for markets, savers, the system and the rule of law.
Citi simply getting ready for the next finanCial crisis. They are ready! Are we ready?
KILL THEM ALL...
ALL CONGRESSPERSONS...
ALL SENATORS...
ALL BANKERS...
death to the MoneyChangers.
Someone took a whip to those boys once.....they killed him for it.
I think what he really meant was give them a fair trial, and a Quick Hanging everybody in the Mob volunteering to be a juror raise your hand..
Arrest Jim Himes for treason. Jump Bankster Jump.
The message to the world at large, stay out of USD, banks, fiat....own something real useful and productive....and some real coin. Also gold miners starting to look extra cheap....the ones without so much debt of course.
my family waits till Dec 25 for presents....I guess the banks front run even that....giving them gifts so early
In time for Hanukkah. Who cares about Christmas? That's for Goyim and Chinese take-out.
AS USUAL: Nobody gets in trouble, nobody goes to jail.
Until we start horizontalizing the Wall Street Skyscraper People, we're never going to see the end of this goddamn idiocy.
LIMBAUGH, I know you and Snerdly are here. That lady was right wasn't she, we are on the hook and you DAMN well know there is no Red team why not grow a set and tell the truth. Repugs are not scared of the press they are in on the conspiracy bastard!
Did you get lost on your way Huffpo lil fella?
Yes my friend Huffpo, you know not of what you speak, Limbaugh is the pressure valve for those who think conservatively, I am sick of his techniques. We have been here before.. BTW, how the hell does that make sense, I tell Limbaugh he is a lying ass and I showed up from Huffpo? WTF, after 4 years you should be brighter..
I gotta ask.....how do you feel about Ted Nugent?
Another pressure valve, how do you feel about Elizabeth Warren?
About the same as I feel about those trying to pass themselves off as fake Navy Seals.
I actually am part indian.....Cherokee.
You're up.
Umm, non-sequitur much, fake Navy Seals and your better than fauxahontous.. Ok then got ya Chief, up the meds friend..
Cut to the Alinsky tactics.......so soon?
Ha, "The lady doth protest too much, methinks", before we get to my Alinskyite tactics perhaps you could explain how we got to fake Navy Seals and Fauxcahontous from the previous post.. Getting me off topic is going to be a bit tougher than that...
Naw....you're off topic twice now.....the next one will be the third time.
Well, we know for sure your more Cherokee than Elizabeth and your ambivalent towards fake Navy Seals. Any other enlightenment you care to share Pocahontas? This is the subject you wished to stay on, right..
The subject I would like address is character.
If she lied about that what else would she lie about?
The answer to that is simple.....probably everything.
You clearly do not listen to Rush. He has more contempt for repugs than you do. I think you meant to reference Hannity.
Don't even ask Levin........forget about it.
You need to listen closer and bring some common sense to the effort. Preaching to Republicans about not being afraid of the media while winning landslide elections..... Wipe that Kool-aid off your chin boy..
Hannity and Limbaugh are there to keep the spooked sheep from leaving the plantation/farm.
Damn right and they should be called out as the fake pressure release valves they are, nothing more nothing less..
The CFR, davos deviates,bilderbergers,bohemian grove, members just were given their christmas present from the american .gov, run for the elite by the elite
Novus Ordo SeclorumIts amazing how easy our congress is to buy.....with all these new billionaires...one of them someday is going to buy them all....and be a ruler without being elected...