
Location: 25 miles S of Sandspit, British Columbia
Magnitude: 7.7, Depth: 11.81 (Mi.)
Lat: 52.9 ° N Lon: 131.9 ° W
Origin Time: Sat Oct 27 2012 20:04:10 GMT-0700 (Pacific Daylight Time)
This is interesting because this group is the same one in control of the White House albeit from the Republican side. But both sides are run by the Bush Cabal and ultimately report to the Jesuits...So what is really going on here? In some twisted way it would actually seem that the arrest had to do with another group than the one being described here. Or has another objective all together.Today, Rear Admiral Charles M. Gaouette was “fired” from his command of one of the three carrier battle groups back to Bremerton, Washington to face an investigation.
It is impossible to adequately state how unusual this is and how serious..."
..."the decision was made based on a conversation with the Secretary of Defense who, at the end of the talk, believed Gaouette was part of a group of military officers who have been under suspicion for planning a “Seven Days in May” type overthrow of the US government if President Obama is re-elected.
This is not conjecture, dozens of key officers face firing, hundreds are under investigation, all with direct ties to extremist elements in the Republican Party and the Israeli lobby."
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| Image credit and copyright: David Hathaway/NASA/MSFC |
POOF refers to the "Matrix" quite a bit. Its clear its not quite the evil all encompassing matrix as in the movie, its related to this new financial system the Dragon families are rolling out.We've hit the end of the wait so, of course we had bankers throwing themselves on their swords from Switzerland, to Austria, even Denver Fed boys. Arrested and locked up. One of the problems these clowns have is, they just can't grasp the technology of the matrix. It's as alien as any ET stuff, comparable to 'sentient' computers. Watch the movie again if you don't get it. It's more real than you imagine, that's why these guys get busted so quick.
Urgent Press Release:
Michael Tellinger -- founder of the UBUNTU Liberation Movement and the UBUNTU political party in South Africa. Organised professional hit squad attacked their legal adviser Raymondt Dicks, his son and a friend, in Johannesburg on 20 October 2012, and kept them hostage and tied up, face down on the floor for 3 hours at gunpoint, while going through all his legal files and evidence gathered in favour of exposing criminal activity by the banks.
The only legal document missing were the files related to Tellinger's case, the UBUNTU Party and NewERA -- Scott Cundill's non-profit organisation to help people against the abuse of banks. Michael reveals a sinister attempt by corporations that include the banksters who can only be defined as organised crime syndicates, that seem to use rogue groups within the SA Police Services as hit squads to take people hostage at gun point, intimidate people and steal sensitive documents, computers and other items that may implicate such corporations in financial fraudulent activity and be exposed in the courts.
Until recently the courts have ignored our attempts to bring the banksters' corrupt action to light, but in the past month -- during October 2012, we have had a string of small but critical victories in the form of judgements against banks. These have now set a precedent for future judgments and with our own actions against the banksters together with many other people around SA and the world, we expect this to become an rapid exponential expose of their criminal activity against the good, honest, but mostly ignorant and gullible people of the world. www.ubuntuparty.org.za
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| Click here for the Google NYC Hurricane Sandy Crisis Map: http://google.org/crisismap/2012-sandy-nyc |
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| http://www.iris.edu/seismon/ |
Tsunami Warning
![]() Location: 25 miles S of Sandspit, British Columbia Magnitude: 7.7, Depth: 11.81 (Mi.) Lat: 52.9 ° N Lon: 131.9 ° W Origin Time: Sat Oct 27 2012 20:04:10 GMT-0700 (Pacific Daylight Time)
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In Romney's version of the tale, Bain Capital – which evolved into what is today known as a private equity firm – specialized in turning around moribund companies (Romney even wrote a book called Turnaround that complements his other nauseatingly self-complimentary book, No Apology) and helped create the Staples office-supply chain. On the campaign trail, Romney relentlessly trades on his own self-perpetuated reputation as a kind of altruistic rescuer of failing enterprises, never missing an opportunity to use the word "help" or "helped" in his description of what he and Bain did for companies. He might, for instance, describe himself as having been "deeply involved in helping other businesses" or say he "helped create tens of thousands of jobs."
The reality is that toward the middle of his career at Bain, Romney made a fateful strategic decision: He moved away from creating companies like Staples through venture capital schemes, and toward a business model that involved borrowing huge sums of money to take over existing firms, then extracting value from them by force. He decided, as he later put it, that "there's a lot greater risk in a startup than there is in acquiring an existing company." In the Eighties, when Romney made this move, this form of financial piracy became known as a leveraged buyout, and it achieved iconic status thanks to Gordon Gekko in Wall Street. Gekko's business strategy was essentially identical to the Romney–Bain model, only Gekko called himself a "liberator" of companies instead of a "helper."
Here's how Romney would go about "liberating" a company: A private equity firm like Bain typically seeks out floundering businesses with good cash flows. It then puts down a relatively small amount of its own money and runs to a big bank like Goldman Sachs or Citigroup for the rest of the financing. (Most leveraged buyouts are financed with 60 to 90 percent borrowed cash.) The takeover firm then uses that borrowed money to buy a controlling stake in the target company, either with or without its consent. When an LBO is done without the consent of the target, it's called a hostile takeover; such thrilling acts of corporate piracy were made legend in the Eighties, most notably the 1988 attack by notorious corporate raiders Kohlberg Kravis Roberts against RJR Nabisco, a deal memorialized in the book Barbarians at the Gate.
Romney and Bain avoided the hostile approach, preferring to secure the cooperation of their takeover targets by buying off a company's management with lucrative bonuses. Once management is on board, the rest is just math. So if the target company is worth $500 million, Bain might put down $20 million of its own cash, then borrow $350 million from an investment bank to take over a controlling stake.
But here's the catch. When Bain borrows all of that money from the bank, it's the target company that ends up on the hook for all of the debt.
Now your troubled firm – let's say you make tricycles in Alabama – has been taken over by a bunch of slick Wall Street dudes who kicked in as little as five percent as a down payment. So in addition to whatever problems you had before, Tricycle Inc. now owes Goldman or Citigroup $350 million. With all that new debt service to pay, the company's bottom line is suddenly untenable: You almost have to start firing people immediately just to get your costs down to a manageable level.
"That interest," says Lynn Turner, former chief accountant of the Securities and Exchange Commission, "just sucks the profit out of the company."
Fortunately, the geniuses at Bain who now run the place are there to help tell you whom to fire. And for the service it performs cutting your company's costs to help you pay off the massive debt that it, Bain, saddled your company with in the first place, Bain naturally charges a management fee, typically millions of dollars a year. So Tricycle Inc. now has two gigantic new burdens it never had before Bain Capital stepped into the picture: tens of millions in annual debt service, and millions more in "management fees." Since the initial acquisition of Tricycle Inc. was probably greased by promising the company's upper management lucrative bonuses, all that pain inevitably comes out of just one place: the benefits and payroll of the hourly workforce.
Once all that debt is added, one of two things can happen. The company can fire workers and slash benefits to pay off all its new obligations to Goldman Sachs and Bain, leaving it ripe to be resold by Bain at a huge profit. Or it can go bankrupt – this happens after about seven percent of all private equity buyouts – leaving behind one or more shuttered factory towns. Either way, Bain wins. By power-sucking cash value from even the most rapidly dying firms, private equity raiders like Bain almost always get their cash out before a target goes belly up.
This business model wasn't really "helping," of course – and it wasn't new. Fans of mob movies will recognize what's known as the "bust-out," in which a gangster takes over a restaurant or sporting goods store and then monetizes his investment by running up giant debts on the company's credit line. (Think Paulie buying all those cases of Cutty Sark in Goodfellas.) When the note comes due, the mobster simply torches the restaurant and collects the insurance money. Reduced to their most basic level, the leveraged buyouts engineered by Romney followed exactly the same business model. "It's the bust-out," one Wall Street trader says with a laugh. "That's all it is."