Infinite Unknown

- Hank Paulson Burned As Another Electric Car Maker Goes Up In Flames (ZeroHedge, Mai 1, 2013):

It would appear that (apart from Tesla, for now) that any thing related to electric cars is going up in flames. From Fisker’s fubar (and blowing all that hard-earned government funding) and Chevy’s Volt dysphoria to A-123 Systems (the Lithium-Ion battery-maker) and now Coda – which Yahoo Finance notes was among an emerging crop of California startups seeking to build emission-free electric cars three years ago. After selling just 100 of its $37,250 five-passenger vehicles, Coda filed Chapter 11 today taking a few well-known investors with it. On the bright side, the government was not involved (from what we can tell), but on the even brighter side, none other than former US Treasury Secretary Hank Paulson was among those burned by the company going up in flames (as was Harbinger’s Phil Falcone).Despite the $300 million the company managed to raise, that quickly went and unable to raise an additional $150 million in new funding (we suspect blaming ‘market conditions’ for its mere $22million raise), Coda had no choice (and Fortress was more than happy to scoop it up and provide the DIP – the cars will make for fancy paperweights in a collateral liquidation). ‘Green’ is the new ‘red’ as it seems when it comes to electric cars, regardless of funding source – private or public – it goes up in flames.

Via Reuters,

Green car startup Coda Holdings Inc filed for Chapter 11 bankruptcy protection on Wednesday after selling just 100 of its all-electric sedans, another example of battery-powered vehicles’ failure to break into the mass market.

… exit the auto sector and refocus on energy storage, a far less capital-intensive business. Continue reading »

Tags: Bankruptcy, Cars, Economy, Electric Car, Global News, Henry Paulson

YouTube Added: 19.03.2013

Tags: Alex Jones, Bank of England, Banking, Cyprus, Dictatorship, ECB, EU, Europe, Fascism, Gerald Celente, Global News, Goldman Sachs, Government, Henry Paulson, Mario Draghi, Mark Carney, New World Order, Robert Rubin

- Secrets and Lies of the Bailout (Rolling Stone, Jan 4, 2013):

It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to the bankers and their allies in Washington tell it, you’d think the bailout was the best thing to hit the American economy since the invention of the assembly line. Not only did it prevent another Great Depression, we’ve been told, but the money has all been paid back, and the government even made a profit. No harm, no foul – right?

Wrong.

It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn.

Continue reading »

Tags: AIG, Bailout, Bank of America, Banking, Barack Obama, Ben Bernanke, Bush administration, Citigroup, Economy, FDIC, Fed, Federal Reserve, Financial Crisis, General Motors, George Bush, Global News, GM, Goldman Sachs, Government, Great Depression, Henry Paulson, Jamie Dimon, Larry Summers, Lehman Brothers, Merrill Lynch, Neil Barofsky, Nomi Prins, Obama administration, Politics, Ponzi schemes, Sheila Bair, Society, TARP, Taxpayers, Timothy Geithner, U.S., Wachovia, Wall Street, Wells Fargo

FYI.

- Audit of NY Fed Reveals Technocrat’s Creation and Cover-Up of Global Financial Crash (Occupy Corporatism, Sep 5, 2012):

Senator Ron Paul has introduced the Federal Reserve Transparency Act of 2012 ( HR459) to the upset of Ben Bernanke, Chairman of the Federal Reserve Bank. In August, the House of Representatives passed 327 – 98 on a vote which exceeded the necessary 2/3rd majority.

Paul, who is pushing for “transparency” in America’s relationship with the Fed, said that Americans are “sick and tired of what happened in the bailout and where the wealthy got bailed out and the poor lost their jobs and they lost their homes.”

The Audit legislation will direct the Government Accountability Office (GAO), which is an independent congressional agency, to oversee a full review of the Fed’s monetary policy while conducting an audit of them and their decisions will be turned over to the Federal Open Market Committee.

In July, the first audit of the Federal Reserve Bank of New York (FRBNY) was published by the Government Accountability Office (GAO). According to Senator Bernie Sanders : “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world. This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

During 2007 – 2010, the Federal Reserve banks provided “assistance” of more than a trillion dollars in “emergency loans” to stabilize the financial system.

YouTube

A source in the Deutsche Bank explained that in 2008 our financial and monetary system completely collapsed and since that time the banking cartels have been “propping up the system” to make it appear as if everything was fine. In reality our stock market and monetary systems are fake; meaning that there is nothing holding them in place except the illusion that they have stabilized since the Stock Market Crash nearly 5 years ago.

The Deutsche Bank informant says that the cause for the bailout of the banks was a large sum of cash needed quickly to repay China who had purchased large quantities of mortgage-backed securities that went belly-up when the global scam was realized. When China realized that they had been duped into buying worthless securitized loans which would never be repaid, they demanded the actual property instead. The Chinese were prepared to send their “people” to American shores to seize property as allocated to them through the securitized loan contracts.

Continue reading »

Tags: Banking, Ben Bernanke, Bush administration, China, Debt, Economy, EU, Europe, Fed, Federal Reserve, George Bush, Global News, Government, Henry Paulson, Politics, Ron Paul, Society, U.S., Wall Street

- Treasury’s Secretive $2.4 Trillion Fund Guarantee (CNBC, Aug 9, 2012):

Details about a secretive government program to bail out money-market mutual funds are finally coming to light.

Acting without any explicit Congressional authority, the U.S. Treasury guaranteed in excess of $2.4 trillion of money market funds after the giant Reserve Primary Fund “broke the buck” following the bankruptcy of Lehman Brothers. The program, which ended on Sept. 18, 2009, seems to have successfully prevented a panicked run by money-market fund investors.

But until now the Treasury has kept the identities of the funds that received government backing and the amounts guaranteed secret. It was not clear how many funds obtained backing or for how much taxpayers were on the hook during the program’s duration.

Continue reading »

Tags: Bailout, Barack Obama, Bush administration, Economy, George Bush, Global News, Henry Paulson, Lehman Brothers, Obama administration, Politics, Timothy Geithner, Treasury, U.S.

YouTube Added: 13.06.2012

Tags: Banking, Barack Obama, Bush administration, Congress, Debt, Economy, Fannie Mae, Financial Crisis, Freddie Mac, George Bush, Global News, Government, Henry Paulson, Mortgage crisis, Mortgages, Obama administration, Politics, TARP, U.S., Wells Fargo

YouTube Added: 05.11.2011

Tags: Banking, Economy, Global News, Goldman Sachs, Government, Henry Paulson, Marcy Kaptur, Obama administration, Politics, Timothy Geithner, U.S.

A MUST-SEE!

And watch Joe Biden in the second video!

See also:

- The Federal Reserve And The $16 Trillion Bankster Bailout

If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
– New York Post

When CNN wants to know about the Top Trends, we ask Gerald Celente.
– CNN Headline News

There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
- CNBC

Those who take their predictions seriously … consider the Trends Research Institute.
– The Wall Street Journal

A network of 25 experts whose range of specialties would rival many university faculties.
– The Economist

YouTube Added: 03.12.2011

YouTube Added: 03.12.2011

Don’t miss:

- The New American: US Senate Traitors Pass ‘Indefinite Detention’ Bill S.1867, Create A Military Police State – Senator Rand Paul’s Adress To The American People (Video)

- Business Insider: The Media’s Blackout Of The National Defense Authorization Act Is Shameful – ‘IF THIS BILL PASSES IN ITS CURRENT FORM THE UNITED STATES WILL BE A MILITARY POLICE STATE’ (Video)

- Constitutional lawyer (Yale Law School graduate) & Founder Of Oath Keepers Stewart Rhodes: Senate Bill Declares War On Americans (Video)

- Wired: U.S. Senate Wants The Military To Lock You Up Without Trial

- Natural News: Occupied America: Senate Bill 1867 Would Allow US Military To Detain And Murder Anti-Government Protesters In American Cities

- FOX News: Freedom Watch – Judge Napolitano Interviews Rand Paul On Unconstitutional INDEFINITE DETENTION Bill S. 1867 (Video)

- InfoWars: Senate Bill Would Allow US Military To Indefinitely Detain Americans Without Charge Or Trial Anywhere In The World

- Mother Jones: Is the US Getting Domestic Indefinite Military Detention (Also For US Citizens And Legal Permanent Residents) For Thanksgiving?

Tags: Banking, Barack Obama, Bonds, CFTC, CME, Debt, Defense Department, Democrats, Dictatorship, Economy, EU, Europe, Fascism, Gerald Celente, Global News, Gold, Goldman Sachs, Government, Henry Paulson, Indefinite Detention, Joe Biden, Jon Corzine, Law, Martial Law, MF Global, Military, New World Order, Obama administration, Pentagon, Police State, Politics, Republicans, Robert Rubin, Society, U.S., Wall Street

YouTube Added: 02.07.2011

… Control oil, and you control nations. Control food, and you control people. Radio Interview with William Engdahl

Tags: 9/11, Afghanistan, Barack Obama, Bilderberg, Bill Gates, Bush administration, Congress, Dick Cheney, Dictatorship, Economy, Education, Environment, Fascism, Food, Genetically Modified Organisms, George Bush, George Soros, Global News, GMO, Government, Health, Henry Paulson, Iraq, Medicine, Middle East, Monsanto, New World Order, Obama administration, Pakistan, Police State, Politics, Rockefeller, Rothschild, Roundup, Roundup Ready, Saddam Hussein, Society, Syngenta, Technology, Terrorism, Terrorists, U.S., Warren Buffett

Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

- Saving the Rich and Losing the Economy (OpEdNews, Sep. 26, 2011):

Economic policy in the United States and Europe has failed, and people are suffering.

Economic policy failed for three reasons:

Continue reading »

Tags: Banking, Barack Obama, Bonds, Bush administration, Debt, Economy, EU, Europe, Fed, Federal Reserve, George Bush, Global News, Government, Henry Paulson, Paul Craig Roberts, Politics, Society, U.S., Wall Street