Our Conure at 26 mos., "whats up", okay, thank you! :)
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Wash, rinse, an spin.......every 2 years. It will take 6 for a Senator.........and then get rid of him or her, and continue till they pass term limits. If they truly want to do some good for the good of the country, and its people, they need to show up an earn their money, and role up their sleeves on the very first day, or risk getting recalled.
Down!!!!!!!!!with career politicians.
Right On!!
It's time for everyone to
1) put aside their political views and vote out all incumbents in Congress every two years if that what it takes for them to wake up.
2) stop donating to political campaigns and parties. The money that is raised and wasted is nothing short of a crime.
Its ironic. Corporations have destroyed our Ancient Growth Forest.
http://www.forestcouncil.org/pdf/16.1fv.pdf
http://www.treesofmystery.net/sequoia.htm
Its not only still occurring here from coast to coast, but also in Canada and South America. The most precious of resources, resources that serve us an protect us, even give life, have been treated to be no more valuable than having picnic tables, an toothpicks if money can be made in harvesting them, making millionaires, and billionaires for the few.
Corporations, companies, both public an private have Polluted the land, polluted our streams, lakes, and rivers from mining, Polluted our Ocean with everything known to man, Polluted our harbors with every chemical known to man, and our atmosphere.
Just imagine the pollutants from commercial an private planes contribute everyday...........its going on around the world. The devastating impact thats been occurring for centuries in America, in particular over the last 150 years without reservation will have negative implications on our ecosystem may forever have consequences we don't even yet understand?. It happened in Europe, Canada and here, past and present, and its truly sad what has happened in South America, and within the Amazon Basin. The destruction of Primeval Rain Forest like no other on earth is disappearing, along with its plants whose properties are not even known?, and may be the cure for diseases we've yet to face or have.
In time there may nothing left other than mans footprint, and what animals aren't extinct, the ones left may be in zoo's. Its hard to imagine that any man would have the arrogance to cut down a redwood, or harpoon a whale, or cut the fins off a shark for a delicacy, or harvest whales thru trickery, or make a career catching one of the most beautiful fish in the sea in large numbers on an ongoing bases, the exchange for the Marlin's life for money. In fact everything I've noted is all for money, or mans comfortable lifestyle, or for leisure. It may come at the cost of all life on this planet. This in additon to everything else going on within world governments.
We can only imagine what this continent alone looked like 500 years ago, or Africa?.......but we can see whats developed since, and we again can only imagine 200 years in the future?
Scientist can look for a new planet all they want, but they will never find another earth, or anything close to a facsimile, and by some remote possibility they find a means to live on another planet, then what?.........where's the blue sky, where's the wildlife, where's the truly natural beauty?.........who would want to go?, Space adventurers I guess?.......its all science fiction.
Our Government has played a major role in bringing about this devastation all for money, all for the help in getting them re-elected. The sludge in Prince William Sound still exist today, maybe will still be there hundreds of years from now, and long before that accident occurred the government was warned by its people how sloppy that operation was getting.
Whats that ringing in our ear now?, daily?, we may be approaching the eleventh hour before destruction, maybe its already to late.
They now want to go down a different path, and with new intents, and desires, and schemes to save the planet. Corporations have a bag of ideas on how they plan to do it, Cap & Trade being one. If you ask me this is nothing more than their divisiveness to capitalize on more of their manipulative moves, for their overall greedy "green scheme", like what got us here in the first place, so they can rake in billions for govt subsidies, and fat paychecks. The next big thing to move the markets, like they did with the dot coms., like they have with the housing market, like so many other things they've managed to pull off. Whatever they do you can bank on one thing, it will cost the working class plenty, as we see oil again reaching $5 a barrel the squeeze will become more an more prevalent.
Its like anything, the more a person hears the same thing the more, and more he,(she) begins believing it. Everyone we talk to today has something to say about planet green. Kinda like the jargon for Iraq having weapons of mass destruction. Everyone was duped. It really underscored why we were there in the first place. Remember, the Bush family, as well as the Cheney's an Haliburton always were about oil.
"The SEC"..........Does this surprise any of us?. They don't want to interfere with the sponsored corruption running rampant in the market when they themselves are all apart of it, like the former Ron Cox.
High ranking officials receiving a quarter million in government pay, or rather the taxpayers pay so they can surf porn sites during their 8 hour shifts, 5 days a week, at the cost of people losing untold sums from their investments, 401k's, and in some case their total net worth, guess nothing was learned from Enron, Tyco, World Com, Global Crossing just to name a few in the face of Bernie Madoff.
It was reported that one of them used up all their disk space, and had to resort to burning CD's to take them home..........it seems to be pretty wide spread throughout these government agencies.
Remember this? US Department Of The Interior
http://www.denverpost.com/headlines/ci_10428441
http://www.associatedcontent.com/article/1032720/scandal_in_the_department_of_the_interior.html?cat=9
If this wasn't enough, when the Rating Agencies started downgrading what they previously had rated Triple A, for their billionaire clients, Henry Paulson the biggest insider of all wasted no time asking for the bailout, to shore up the banks, Hedge Funds like GS, and other financial institutions balance sheets. He didn't do all this IMO without the full knowledge of being rewarded for it down the road, he, Bush, an Cheney thru direct or indirect means.
The Senate Banking Committee, The Senate, and The House looks to be every bit as foolish, and as incompetent as Mary Shapiro hired to be the overseer of the SEC.
As much a phony, as much a liar, and manipulator Greenspan has proven to be, and no less guilty many in Congress still praise him, and thank him for his service to this country. What a farce it all is.
When everyone is pointing their finger at everyone else, in the end no one will take responsibility, or be held accountable. If they were handing out academy awards for acting, everyone of them would have to show up to receive theirs, C-Span with its producers an directors would be in attendance as well. It would look like this as they arrived an walked down the red carpet.
........the Hollywood version looks similar.
How much more obvious can it be?........
http://finance.yahoo.com/news/Senate-probe-says-credit-apf-2181252849.html?x=0&sec=topStories&pos=1&asset=&ccode=
First we have the people at the center of all this who were able to create these CDO's, and the only ones who understood them. We then have the Investments banks, HedgeFunds like Goldman Sachs who made the credit agencies Fitch, Moody's, Standard&Poor, offers they could not refuse if they would sell their souls, their triple A "ratings", so these bad instruments could be sold. Kinda like the Realtors who wanted to sell homes that were dangerous or faulty, but whose building inspectors were paid off, and the mortgage lenders were in on it. These very same agencies had to be given the signal when to pull the trigger to downgrade what wasn't suppose to fail to fail. Then the likes of people like Paulson, Goldman, Wall Street insiders, and other hedgefunds could rake in billions.
A very good point was made by Elliot Spitzer. He said, "ask the question", "what is it that Goldman does other than to create these kind of risky derivatives?, what does that firm do for us?.
What vital role does that firm play to deserve tens of billions of taxpayers dollars?, while making billions for themselves.
In my view nothing!. Its egg on our elected officials faces. Its a disgrace. Aig is no better. Many of these peoples heads that were involved with these scams should have their day with the chopping block.
Paulson, Cox pulled off the biggest bank heist in the history of the world............and the Senate Banking Committee gave them the keys to the printing presses, and the vault. With their blessings. Bernake with Paulson sucked them into believing that the world as we know it would end for all eternity. If anything it lit up whats been going on in this country, and these corporations for everyone to see.............China is eating Americas lunch............remember the WTO, and GATT, all 22,000 pages of it?..........wheres the jobs now?. Only one Senator read that bill from what I remember.......he opposed it!
Whatever happened to the Golden rules?...The professors at Harvard teach that getting a degree from their elite College will propel them to Wall Street, or maybe a stint at the SEC which can easily guarantee them a position at a Wall Street Firm maybe even Goldman, or one like it, who can be a good reference for a prominent White House position, then maybe back to Wall Street, the cycle is complete for a Lobbying position, even one for Goldman?...........
Harvard's decree: Screw the golden rules, Goldman rules!
http://www.huffingtonpost.com/searchS/?q=Goldmans+fraud+
There isn't enough bleach to get the stains out. There will always be evidence when justice comes calling. What a crook!!
I ran across this article from a year ago. I'm sure we all recall the one big party at that high end resort thrown by AIG shortly after it was approved for this bailout. One of the biggest in US history........I guess since the history of the world?. Whether its the fraud GS committed, or the $23B that was given them from tarp, only $10B had to be repaid. I know half of this was to be repaid thru GS selling stock.......morons undoubtedly bought it.
"What a racket!", this only illustrates the problems that exist with stock offerings, and the legal corruption. These companies are allowed to use them like an ATM, its the next best thing for owning printing presses to produce money. Whatever money GS paid for fines is still only a fraction of what they've paid out in bonuses, an comp...........Remember the statement made by GS Ceo?, "We are doing Gods work!".......in reality its an evil institution, and this statement was nothing more than mockery.
http://www.straitstimes.com/Breaking+News/Money/Story/STIStory_353212.html
I wondered where this was going?........its probably fair to say this has been going on for decades. It would be interesting to see some of the names on that list. I'm sure we would recognize a few.
This guy looks like Michael Corleone
http://www.msnbc.msn.com/id/21134540/vp/36601813#36601813
http://www.msnbc.msn.com/id/36597290 These charges are far more severe than anyone had imagined," and suggest Goldman teamed with "the leading short-seller in the industry to design a portfolio of securities that would crash," said John Coffee, a securities law professor at Columbia Law School in New York.
"The greatest penalty for Goldman is not the financial damages -- Goldman is enormously wealthy -- but the reputational damage," he said, adding that "it's not impossible" to contemplate that the case could lead to criminal charges. Coffee spoke on Reuters Insider.
Goldman vowed to defend itself.
"The SEC's charges are completely unfounded in law and fact," it said. "We will vigorously contest them and defend the firm and its reputation."
E-mails from former Washington Mutual Inc CEO Kerry Killinger read aloud during a congressional hearing this week illustrated clients' concerns about working with Goldman.
In 2007, Killinger discussed hiring Goldman or another investment bank to help Washington Mutual find ways to reduce its credit risk or raise new capital, according to one of the e-mails, which Michigan Democratic Sen Carl Levin read during the hearing.
"I don't trust Goldie on this," Levin quoted one of Killinger's e-mails as saying. "They are smart, but this is swimming with the sharks. They were shorting mortgages big-time while they were giving (Countrywide Financial Corp) advice."
Take a lesson...
An old prospector shuffled into the town of El Indio , Texas leading an old tired mule. The old man headed straight for the only saloon in town, to clear his parched throat. He walked up to the saloon and tied his old mule to the hitch rail. As he stood there, brushing some of the dust from his face and clothes, a young gunslinger stepped out of the saloon with a gun in one hand and a bottle of whiskey in the other.
The young gunslinger looked at the old man and laughed, saying, "Hey old man, have you ever danced?" The old man looked up at the gunslinger and said, "No, I never did dance... never really wanted to."
A crowd had gathered as the gunslinger grinned and said, "Well, you old fool, you're gonna' dance now," and started shooting at the old man's feet. The old prospector, not wanting to get a toe blown off, started hopping around like a flea on a hot skillet. Everybody was laughing, fit to be tied.
When his last bullet had been fired, the young gunslinger, still laughing, holstered his gun and turned around to go back into the saloon. The old man turned to his pack mule, pulled out a double-barreled shotgun, and cocked both hammers. The loud clicks carried clearly through the desert air.
The crowd stopped laughing immediately. The young gunslinger heard the sounds too, and he turned around very slowly. The silence was almost deafening. The crowd watched as the young gunman stared at the old timer and the large gaping holes of those twin barrels.
The barrels of the shotgun never wavered in the old man's hands, as he quietly said, "Son, have you ever kissed a mule's ass?"
The gunslinger swallowed hard and said, "No sir..... but... I've always wanted to."
There are a few lessons for us all here:
1. Never be arrogant.
2. Don't waste ammunition.
3. Whiskey makes you think you're smarter than you are.
4. Always, always make sure you know who has the power.
5. Don't mess with old men, they didn't get old by being stupid.
Enjoy!!!!!
The Dam
http://www.just4funemail.com/emails/beaver.htm
This is an actual letter sent to a man named Ryan DeVries regarding a pond on his property. It was sent by the Pennsylvania Department of Environmental Quality, State of Pennsylvania . This guy's response is hilarious, but read State's letter before you get to the response letter.
SUBJECT: DEQ File No.97-59-0023; T11N; R10W, Sec. 20; Lycoming County
Dear Mr. DeVries:
It has come to the attention of the Department of Environmental Quality that there has been recent unauthorized activity on the above referenced parcel of property.. You have been certified as the legal landowner and/or contractor who did the following unauthorized activity:
Construction and maintenance of two wood debris dams across the outlet stream of Spring Pond.
A permit must be issued prior to the start of this type of activity. A review of the Department's files shows that no permits have been issued. Therefore, the Department has determined that this activity is in violation of Part 301, Inland Lakes and Streams, of the Natural Resource and Environmental Protection Act, Act 451 of the Public Acts of 1994, being sections 324.30101 to 324.30113 of the Pennsylvania Compiled Laws, annotated.
The Department has been informed that one or both of the dams partially failed during a recent rain event, causing debris and flooding at downstream locations. We find that dams of this nature are inherently hazardous and cannot be permitted. The Department therefore orders you to cease and desist all activities at this location, and to restore the stream to a free-flow condition by removing all wood and brush forming the dams from the stream channel. All restoration work shall be completed no later than January 31, 2010.
Please notify this office when the restoration has been completed so that a follow-up site inspection may be scheduled by our staff. Failure to comply with this request or any further unauthorized activity on the site may result in this case being referred for elevated enforcement action. We anticipate and would appreciate your full cooperation in this matter. Please feel free to contact me at this office if you have any questions.
Sincerely,
David L. Price
District Representative and Water Management Division.
Here is the actual response sent back by Mr. DeVries:
Re: DEQ File No. 97-59-0023; T11N; R10W, Sec. 20; Lycoming County
Dear Mr. Price,
Your certified letter dated 08/17/09 has been handed to me to respond to. I am the legal landowner but not the Contractor at 2088 Dagget Lane , Trout Run, Pennsylvania .
A couple of beavers are in the (State unauthorized) process of constructing and maintaining two wood "debris" dams across the outlet stream of my Spring Pond. While I did not pay for, authorize, nor supervise their dam project, I think they would be highly offended that you call their skillful use of natures building materials "debris."
I would like to challenge your department to attempt to emulate their dam project any time and/or any place you choose. I believe I can safely state there is no way you could ever match their dam skills, their dam resourcefulness, their dam ingenuity, their dam persistence, their dam determination and/or their dam work ethic..
These are the beavers/contractors you are seeking. As to your request, I do not think the beavers are aware that they must first fill out a dam permit prior to the start of this type of dam activity.
My first dam question to you is:
(1) Are you trying to discriminate against my Spring Pond Beavers, or
(2) do you require all beavers throughout this State to conform to said dam request?
If you are not discriminating against these particular beavers, through the Freedom of Information Act, I request completed copies of all those other applicable beaver dam permits that have been issued.
(Perhaps we will see if there really is a dam violation of Part 301, Inland Lakes and Streams, of the Natural Resource and Environmental Protection Act, Act 451 of the Public Acts of 1994, being sections 324.30101 to 324.30113 of the Pennsylvania Compiled Laws, annotated.)
I have several concerns. My first concern is, aren't the beavers entitled to legal representation? The Spring Pond Beavers are financially destitute and are unable to pay for said representation -- so the State will have to provide them with a dam lawyer. The Department's dam concern that either one or both of the dams failed during a recent rain event, causing flooding, is proof that this is a natural occurrence, which the Department is required to protect. In other words, we should leave the Spring Pond Beavers alone rather than harassing them and calling them dam names.
If you want the stream "restored" to a dam free-flow condition please contact the beavers -- but if you are going to arrest them, they obviously did not pay any attention to your dam letter, they being unable to read English.
In my humble opinion, the Spring Pond Beavers have a right to build their unauthorized dams as long as the sky is blue, the grass is green and water flows downstream. They have more dam rights than I do to live and enjoy Spring Pond. If the Department of Natural Resources and Environmental Protection lives up to its name, it should protect the natural resources (Beavers) and the environment (Beavers' Dams).
So, as far as the beavers and I are concerned, this dam case can be referred for more elevated enforcement action right now. Why wait until 1/31/2010? The Spring Pond Beavers may be under the dam ice then and there will be no way for you or your dam staff to contact/harass them.
In conclusion, I would like to bring to your attention to a real environmental quality, health, problem in the area.. It is the bears! Bears are actually defecating in our woods. I definitely believe you should be persecuting the defecating bears and leave the beavers alone. If you are going to investigate the beaver dam, watch your step! The bears are not careful where they dump!
Being unable to comply with your dam request, and being unable to contact you on your dam answering machine, I am sending this response to your dam office.
THANK YOU,
RYAN DEVRIES
& THE DAM BEAVERS
SEC accuses Goldman Sachs of fraud in failing to disclose conflict in mortgage securities
http://finance.yahoo.com/news/SEC-accuses-Goldman-Sachs-of-apf-1523020722.html?x=0
Paulson & Co's Hedge Fund Mgr raked in 4B in mgmt fee's in 2008. This was tied to CDO's & CDS's if I remember?
He and 4 others, George Soro's being one that raked in a couple billion for himself.
The good ole boys club. You can just imagine the money that was made for their wealthy clients, Paulson's fee's were a mere 2%. This of course on the back of shortselling. A ban was imposed on short-selling in the financial sector, "only until", the $750B was authorized.........3 days later it was lifted.
Paulson has a similar type set up like Madoff. His family runs the brokerage he uses for his transactions. He has his operation cornered to take full advantage of the market.
There is another way to get rich:
This is the deal!:)
Yep! not one is worth 5 million 10, 50, or a hundred million a year, to include Bill Gates. The comp they receive doesn't come for the revenues the company generates.
The way most people working a company are paid, a payroll check, and if they are making money for the company they aren't either.
This is where the problem lies, where they begin and end. ...........Stock holders pay it.
Only the founder(owner), and partner(s), should own stock.
Shareholders who purchase on the open market, and or the financiers who lend for additional working capital. This should be regulated in such a way that it would dis-allow owners to sell until the company is acquired thru a sell, or the shares that give them control of the company to each other if they want out. Legally they would probably have binding agreement the partner(s) have first right, and if there is no one buying they can sell on the open market. If these are sold and purchased inside the company by a partner these shares would have to remain restricted under the same guidelines.
Financiers stock should be restricted for a minimum of a year unless their is a written agreement clause that gives the company the right to repurchase the shares upon re-payment with interest.
Anyone including the owners who wish to own more shares would have to buy an sell on the open market like everyone else. The SEC needs to be informed when they are doing this thru a filing.
To me this only makes common sense, why should a owner be allowed to use a public company to their benefit in such a way, as opposed to the companies benefit, and its shareholders?. These people are allowed to use these companies as their own personal piggy bank.
A million dollar salary sounds like a lottery ticket, who is really worth more than this, its more than most people make, and at $50k, if their workers are even making this?, annually, unlikely, but it would take that average worker 20 years to make this kind of money.............see how crazy it all is?.
Gates is pulling in around a half billion annually with stock, an opitons, but the stock price doesn't benefit, its been trading in the same range for at least 7 years+, but if it should go higher he and his execs benefit, not the stockholder............He makes software!, not remedies for cancer, or water filled bottles with the fountain of youth inside.
These ideas are simple, but if it was well thought out, and written in legal language it would stop this nonsense. Its nothing more than legal manipulative corruption. Its here where the door opens for every other kind of corruption.
Kinda looks like Obama has joined the government he spoke of changing, the good ole boys club. I don't know what will happen in the next election, but 30 years of the Reagan regime has been more than one could bear...........first things first, lets get rid of every Congressman who presently holds office, and get some term limit laws passed..........2 for Congress and 1 for the Senate...........its really bazaar that Congress passed a law that would only allow a president 2 terms, but not include themselves.............80 years is not enough for them. The longer they stay the worse it gets an the more control and power they gain which serves their corruption.
He and Paulson made sure they rewarded all their buddies before leaving, no doubt they were rewarded to, like many a Congressman, all they had to do is ask for a trillion, this was the greatest of all heist in history, it was done without firing a shot. The 2 of them would never have a chance like that again. Wonder just how deep Goldman was in on it?
In private I bet they have had many many laughs over it, the timing couldn't have been better. Little changed since the S&L scandal and the Keating 5, nor will it, things are in motion on what to do when the next one of a dozen shoes drop.
In other words this should fit nicely with the caveat of Safe Harbor which has no relevance for pinksheets. Its nothing more than double talk. Like his "unaudited financials". I counted at least 11 opinion clauses, and at least 2 assumptions. In the conclusion of the letter the attorney states, "to not contact him on any future matters regarding these matters.":)
Wonder where Berman dug up this guy?
Berman will do anything to keep pushing this garbage so he can sell worthless paper to enrich himself, and now he has another partner.
Berman needs to check for his chemical imbalances before releasing any of his BS PR's. Something I ran accross. The bottom line is the attorney gives his opinion, and not the attorney he has listed on the pinksheet, we know Berman does his own unaudited financials which means the letter and his reporting is as meaningless as his PR's. The only algae Berman is growing is between his ears that makes him see green.
What he needs to supply to investors is the net of money he's stolen from investors.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=29551
SOMMER & SCHNEIDER LLP
595 STEWART AVENUE, SUITE 710
GARDEN CITY, NEW YORK 11530
??????
Herbert H. Sommer Telephone (516) 228-8181
Joel C. Schneider Facsimile (516) 228-8211
February 26, 2010
Pink Sheets, LLC
304 Hudson Street, Second Floor
New York, NY 10013
Re: Russell Industries, Inc. (the “Issuer”)
Issuer Information and Disclosure Statement Update (the “Report”)
Gentlemen:
We have been asked to provide you an opinion with respect to the Report publicly disclosed by the Issuer and published in the Pink Sheets News Service on February 25, 2010. This opinion is solely for the information of the addressee hereof and Pink Sheets is entitled to rely on such letter in determining whether the Issuer has made adequate current information publicly available within the meaning of Rule 144(c)(2) under the Securities Act of 1933.
The undersigned grants Pink Sheets full and complete permission and rights to publish the letter in the Pink Sheets News Service for viewing by the public and regulators.
The undersigned is a U.S. resident and was retained by the Issuer for the purpose of rendering this opinion and related matters. We currently serve as special disclosure counsel for the Issuer.
This opinion is based on our knowledge of the law and facts as of the date hereof.
The undersigned has examined such corporate records and other documents and such questions of laws as deemed appropriate for the purposes of rendering this opinion.
The undersigned was admitted to the Bar of the State of New York in 1985. The undersigned is permitted to practice before the Securities and Exchange Commission (“SEC”) and has never been barred from practice in any of the foregoing jurisdictions.
In connection with the opinion set forth below, we have examined such corporate records and documents including but not limited to the Issuer’s Articles of Incorporation, By-Laws and, minutes of meetings and actions of its Board of Directors and such other documents as we deemed relevant and necessary as a basis for the opinion hereinafter set forth.
In such examination, we have assumed the genuineness of all signatures set forth on each document, the authenticity of all original documents and the conformity to original documents of all copies of such documents as may have been supplied to us during the course of our examination.
For the purposes of rendering this opinion, we have assumed that no person or entity has engaged in fraud or misrepresentation regarding the inducement relating to, or the execution or delivery of, the documents reviewed.
Furthermore, we express no opinion as to the validity of any of the assumptions, form or content of any financial or statistical data contained therein. The terms used in this opinion shall have the meaning ascribed to them in the documents relied upon in rendering our opinion.
Pink Sheets, LLC
February 26, 2010
Page Two
Regarding the common stock of the Issuer, par value $.000001 (the “Securities”), in the opinion of the undersigned, the Issuer Information and Disclosure Statement as published on the Pink Sheet News Service on February 25, 2010 and the Issuer’s financial statements for the period ended December 31, 2009 as published on the Pink Sheet News Service on February 25, 2010 (i) constitutes “adequate current public information” concerning the Securities of the Issuer and “is available” within the meaning of Rule 144(c)(2) under the Securities Act, (ii) includes all of the information that a broker-dealer would be required to obtain from the Issuer to publish a quotation for the Securities under Rule 15c2-11 under the Securities Exchange Act of 1934 (the “Exchange Act”), (iii) complies as to form with the Pink Sheets Guidelines for Providing Adequate Current Information, which are location on the Internet at www.pinksheets.com, and (iv) has been posted in the Pink Sheets News Service. Furthermore, after reasonable investigation I have no reason to believe that such information contained an untrue statement of a material fact or omitted to state a material fact in order to make the statements made, in light of the circumstances under which they were made, not misleading.
Mr. Richard M. Berman, President and CEO of the Issuer, is responsible for the preparation of the unaudited financial statements published on the Pink Sheet News Service.
The qualifications of Mr. Berman are outlined in his biographical information set forth in the Report.
The Company’s transfer agent is, Pacific Stock Transfer Company and to the best of my knowledge is registered with the SEC and we have reviewed a copy of the shareholder list prepared by the transfer agent as of December 31, 2009 and the current date to confirm that the number of outstanding shares set forth in the Report is correct.
The undersigned has (i) previously met face to face with the Issuer’s management and a majority of its directors, (ii) reviewed the Report published by the Issuer on the Pink Sheets News Service, and (iii) discussed the Report with management and a majority of the directors of the Issuer. To the best of our knowledge, and after reasonable inquiry of the Issuer’s management and directors, there is no officer, director, 5% holder, or counsel currently under investigation by any federal or state regulatory authority for any violation of federal or states securities laws.
This opinion is solely for the information of the addressee hereof and the other parties specifically identified in the first paragraph hereof, and is not to be quoted in whole or in part or otherwise referred to, nor is it to be filed with any governmental agency or other person without our prior written consent. Other than the addressee hereof and such other parties, no one is entitled to rely on this opinion. This opinion is based on our knowledge of the law and facts as of the date hereof.
We assume no duty to communicate with you with respect to any matter which comes to our attention hereafter.
Thank you for your consideration and attention.
Very truly yours,Sommer & Schneider LLP
/s/ Joel C. Schneider
Joel C. Schneider, Esq. Partner
In the 70's a Ceo was compensated approx 40x's more, than those who labored for a given company, those who were on the lower rungs, and as outrageous as this was today its 500x's this an more, much much more. Many have seen pay cuts. Most workers earnings are, and have been stagnate for years, while the cost of living increases at a greater rate than earnings can keep up with. Inflation is always with us as the govt continues to print more an more money, many businesses take full advantage of it using this as a factor for why we are paying more an more for goods and services, whether its credit cards, what we pay at the pump, utilities- gas or electric, an auto garage, or the cable company.
Just look what it cost for a party of 3 to go out for a steak dinner?,,,,,,,,,,when is a market up enough?,,,,,,,,600%, 800%, 1000%......I walked into a tiny tiny little sandwich shop downtown who served soup for lunch, also coffee, drinks etc,. What could an egg sandwich cost?, I gave it little thought until I paid for it minus the OJ, $4.50...........if a person wanted a pack a smokes get ready to fork out nearly $15, a pack would cost $8 approx. I remember when smokes were $0.28 cents a pack, I paid $0.20 when I was in the service. Glad I didn't ask for bacon on it:)...........in reality how many people will return?.............
you go into a garage for a $30 part and the labor is $270.........the average worker is just not making the money to absorb this kind of cost, and its something we all face on a daily basis...........so if I was waiting for my car, needed to grab a bite from the one cafe in that location, and later needed to fill up having missed a day of work maybe?, how many hours would it take to earn this?. I guess I go home an kill myself!:)
Then think of a publicly traded company and this one in particular is one of a chain where we might get the car worked on, and its Ceo is raking in $20,000+ an hour, on the low end, getting compensated in stock an options whether the business is showing a profit or not?. Better to show losses for a tax write off. The consumer, stock holders, and the individual tax payer aborbs it.
Restaurants are famous for showing losses even though the owner could have made a million for himself.
I received this from my brother, and wanted to share:
Subject: Brother's Day
To my brother's out there trying to win the battles . . .
Be the kind of man who, when your feet hit the floor each morning the devil says, "Oh CRAP! He's UP!"
Brother, life is too short to wake up with regrets.
So love the people who treat you right.
Love the ones who don't, just because you can.
Believe everything happens for a reason.
If you get a second chance, grab it with both hands.
If it changes your life, let it.
Kiss slowly,
Forgive quickly.
God never said life would be easy. He just promised it would be worth it.
Today is Brothers Day, so send this to all your brothers, fathers, sons.
If you get back seven, you are loved.
Happy Brothers Day!
To the cool men who have touched my life . . . I LOVE YA, BROTHER!
Here's to you.
Send to anyone you consider "Brother."
My footnote:
Having served in the military a real connection grew withing the group we would spend most of our time with, it still exist many years later, even those who grouped with other soldiers. We all shared a common bond like no other, and as a unit we were family.
Individually we knew who was real, and had substance if an when the time came who we could count on, I guess this made the link.
Its not the uniform, its the person in the uniform, the real armor, on the outside we all kinda looked the same, but it was this that made us a band of brothers.
Its no different within the Christian brotherhood, the real substance is what lives in the heart and mind, and its this that makes the person, and what God acknowleges. He's given us a conscience "our inner self" to know the difference between right and wrong. Following the path of whats right keeps us balanced, and keeps it all real, it opens a many a window we can look thru so we can experience appreciation for the life given us.
http://finance.yahoo.com/news/Rubin-Prince-pressed-on-roles-apf-521735539.html?x=0&sec=topStories&pos=main&asset=&ccode=
Just give a look of how these guys were leveraged. Lehman bros, Aig, etc., these guys are just as dirty as Enron was with their rolling black outs. The difference is that Enron knew it was going down with-out a parachute. Lehman would have been rescued if not for Goldman Sachs, Paulson was once his competitor, and the biggest of banks knew the govt would come to their rescue as they would Fannie Mae. The people at the top made out like bank robbers, just like Aig's execs, just like the Ceo's of the big 3. When future comp was gone so were they. The Ceo of Lehman still has his billions. But if this were you or I, or a micro scale, they would not only come after us, but our bed. We wouldn't get a slap on the hand an a party at some high end resort, we would get the low end resort with bars. No stay for us at some country club protected from population like Kozloski, Madoof, or Skilling..........but rather hard time. White collar crime should be eliminated within our justice system, those criminals destroy peoples lives who lose everything, no different than the heroin dealer, if a person is caught with a huge amount of dope, although a non violent crime they will be locked up with all the rest of the evil prevalent in our society. 3 strikes an your out means life.
:) I wonder who he plans to sell his next 10b of certs to?. It will have to be well below market price of .0000000000001
My pleasure. I have some info stored thats in pdf, if I can figure out how to copy it I will get it to you.......if not I can email it to you. If the trend changed in the market tomorrow, and tulips were the next hot thing, Berman would forget this, and then on to tip toeing thru his lying two-lips.:)
Imagine this when Buffet points out how derivatives distort the market?........this is an understatement when we look at that chart.
If we would max out our credit based on our actual worth we would have to leverage everything for collatoral, less we had the cash to back it. The hope would be to make a nice percentage in profit at the point of sale just to make it worthwhile, thus paying off the debt, or we pay down the debt unable to borrow more. "forever", or go bust.
If we could do this and max out our credit to the tune of 5x our actual tangible worth, and find creditors who were willing to go along with it, they would need to have their heads examined, then strapped in for being a danger to the public.
If our idea was the hope of making a profit we would need little more than a padded room. This kind of thinking got Bugsy Segal killed.
Anyone willing to insure our risk for the cost of a premium without having the capital to back it up would be committing fraud, and having broke this law should get a stiff prison term.
The people who are fired up are those who earn $250k+, and are worried sick about how much more tax they will pay, this is the bottom line. The millionaires have more than one loop hole to use among the 62000 tax codes. Just look at GE, a multinational that keeps all of its cash outside the US, and pays zero tax...........You pay more tax than GE. They like many a small business, in particular those that trade publicly will always have write downs, they forever are showing losses even though they are making money, an those at the top are making a killing. The average worker will always get clipped. We will pay for the Tarp, as well as the Health care bill in one form or the other, well......until it all implodes.
The republicans support their rich friends, these people can be looked at as their special interest groups. Reagan rallied for a smaller government, but not for the reasons they aspire to...........
The democrats for the last 40 years are guilty of supporting to many special interest groups that don't have the nations interest at heart only their own.
When FDR was president he supported the Nation, and its people, and went to war for righteous causes.
Every war we have been in since has been for reasons of showing might, and with this might we should have ended Afghanistan, in fact we should have not involved ourselves when Russia was battling with them, and if we hadn't 911 would probably not have occurred.
My mom use to say, when one party isn't taxes us to death the other is sending us to war.
For their many wrong and unjustified pursuits the government has weakened this country.
Just look at the role the very rich an corporations have played in it all, politicians looking out for themselves, it becomes more about them.
Its sadly disgraceful they don't care as long as they can buy themselves another home every few years. They're market-racketeers.
It works no better than the Whaling Commission.
http://en.wikipedia.org/wiki/Derivative_(finance)
Large notional value
Derivatives typically have a large notional value. As such, there is the danger that their use could result in losses that the investor would be unable to compensate for. The possibility that this could lead to a chain reaction ensuing in an economic crisis, has been pointed out by famed investor Warren Buffett in Berkshire Hathaway's 2002 annual report.Buffett called them 'financial weapons of mass destruction.
The problem with derivatives is that they control an increasingly larger notional amount of assets and this may lead to distortions in the real capital and equities markets.
The use of derivatives can result in large losses because of the use of leverage, or borrowing. Derivatives allow investors to earn large returns from small movements in the underlying asset's price. However, investors could lose large amounts if the price of the underlying moves against them significantly. There have been several instances of massive losses in derivative markets, such as:
The need to recapitalize insurer American International Group (AIG) with $85 billion of debt provided by the US federal government.[10] An AIG subsidiary had lost more than $18 billion over the preceding three quarters on Credit Default Swaps (CDS) it had written.[11] It was reported that the recapitalization was necessary because further losses were foreseeable over the next few quarters.
The loss of $7.2 Billion by Société Générale in January 2008 through mis-use of futures contracts.
The loss of US$6.4 billion in the failed fund Amaranth Advisors, which was long natural gas in September 2006 when the price plummeted.
The loss of US$4.6 billion in the failed fund Long-Term Capital Management in 1998.
The bankruptcy of Orange County, CA in 1994, the largest municipal bankruptcy in U.S. history. On December 6, 1994, Orange County declared Chapter 9 bankruptcy, from which it emerged in June 1995. The county lost about $1.6 billion through derivatives trading. Orange County was neither bankrupt nor insolvent at the time; however, because of the strategy the county employed it was unable to generate the cash flows needed to maintain services. Orange County is a good example of what happens when derivatives are used incorrectly and positions liquidated in an unplanned manner; had they not liquidated they would not have lost any money as their positions rebounded.[citation needed] Potentially problematic use of interest-rate derivatives by US municipalities has continued in recent years. See, for example:[12]
The Nick Leeson affair in 1994.
Members of President Clinton's Working Group on Financial Markets: Larry Summers, Alan Greenspan, Arthur Levitt, and Robert Rubin, have been criticized for torpedoing an effort to regulate the derivatives' markets, and thereby helping to bring down the financial markets in Fall 2008. President George W. Bush has also been criticized because he was President for 8 years preceding the 2008 meltdown and did nothing to regulate derivative trading. Bush has stated that deregulation was one of the core tenets of his political philosophy.
The NASD was on to this guy which later became FINRA. The agency knew he was duping investors for money, the agency knew those mines were nothing more than a platform to get people to invest.
The SEC exist to prevent fraud as well as to arrest it. Its obvious these people need to find other jobs.
He tried doing the same thing with AUMN, buy it didn't fly. This to is just one big scam. The very reasons why none of these agencies have any integrity. Mary Shapiro, another Ron Cox?. So far not one thing has changed, not one. The government is still allowing the criminals to run the institution. It all begins "right here" in the OTC market and works its way up to the seniors, here an abroad, and the hedge-funds benefit quite nicely operating outside US jurisdiction short selling, and benefiting from TARP. Just where the good ole boys want them, they have a tangible vested interest in them, like they do with Wall Street, campaign contributions, and kick backs............the very reasons the market collapsed, the very reason the crooks got richer as they ran their companies into the ground, and the taxpayers will absorb the tab, for decades to come, and as we speak the government is looking into how they will bail these bums out in the future knowing this will all happen again, and if history teaches us anything we know it will. The Congress is little more than their lap dogs, just like the SEC who allowed Madoff to operate for decades because he had friends on the inside, and if we have listened agents of SEC are intimidated by the power and wealth of these crooks Madoff being a prime example.
Letter to Russel Industries from NASD:
Dated: 03-14-07. Posted 04-21-07
Great oversight by the Nasd. This is official with their letterhead and phone numbers.
http://img103.imageshack.us/img103/3433/rsdssi3.jpg
If anyone believes Berman will be selling anything, or producing anything that anyone would buy to make fuel back up the car an have him fill it up, before leaving ask to have the windows cleaned and the oil checked as well, and if its low add a little bioooooooo-fuel.
Some history on Berman and his strategic planning shrouded in lies:
RSDS -- Russell Industries, Inc.
COMPANY NEWS AND PRESS RELEASES
----
Monday January 29, 9:30 am ET
HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (RSDS.PK) reports the following update regarding its proven and probable reserves. When extrapolating the preliminary report from Edge Consulting in December 2006 and information obtained by the Atomic Energy Commission dating back to February and June 1955 the geo-statistical estimation of reserves with underground mining, estimated reserves from the Russell Industries 54 claim group would be 2 - 20 million pounds of Uranium (U308) with an average grade of .27% and a cutoff of .10%. An additional benefit of this area is the high content of Vanadium within the ore. Based on historical records, shipping records and samples, the average Vanadium content is 2 - 3%.
The current market price for Uranium is $71.00 per pound and $20.00 for Vanadium. The extrapolation of these parameters indicates the range of ore in the claims to have a value range in excess of $38,340,000. The Company is being encouraged to further testing which will require costly extensive mining, sampling and testing. "We are encouraged with the preliminary reports and will evaluate our options over the next 90 days," Rick Berman, President.
---------------------------------------------
RSDI did a reverse split (1 for 100) and became RSDS. Just before that they finalized its acquisition of 54 mine claims located in San Juan County, Monticello, Utah from U.S. Minerals, LLC, (Mesa, AZ).
The claims are part of the Morrison formation known for the many valuable deposits of Uranium and Vanadium. Several areas are shallow enough, less than 100 feet, to easily mine. The current market price for Uranium is $280.80 per ore ton and $800.00 per ore ton for Vanadium. Vanadium is used to strengthen steel and is in big demand in Asia. The company estimates that its ore reserves could be as high as 4.5 million tons. Russell Industries plans to mine and lease the claims in 2007. The Company is looking forward to a significant revenue stream from this acquisition.
--------------------------------------------------------------
Russell Industries Finalizes Divestiture
Russell Industries, Inc. (PINK SHEETS:RSDI) announces that it has finalized its divestiture of WB Solutions, an oil and gas services provider. Rick Berman, Russell Industries President and CEO stated that "We acquired WB in 2005 with the idea of assisting the Company in continuing its development of their proprietary water reclamation technology in the Coal Bed Methane market. Looking forward Russell Industries will focus on revenue based acquisitions instead of trying to develop technology. We sold the technology for 28,500,000 shares of Russell Industries stock, which we will use to further acquire potentially profitable mining claims."
Earlier this month Russell Industries acquired 54 Uranium and Vanadium mining claims in Utah and is active looking at seven other sites in Nevada, Arizona and Utah. The company's President went on to say, "With the recent acquisitions we have today, we are very excited about the near future, an the partnerships we are developing."
------------------------------------
---------------------------------
-----------------------
Russell Industries: Russell Industries to acquire 8 mine claims
HOUSTON, TX, Mar 26, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) has agreed to acquire 8 Uranium mine claims, known as the "Rage Mining Claims" in San Juan County, Utah from BRW Mines (Monticello, Utah). The Company plans to engage BRW to mine part of the claims in coordination with buy orders from interested mills. "The opportunity to acquire these claims is consistent with Russell Industries strategic plan for 2007", Rick Berman, President. The transaction should close in April.
RUSSELL INDUSTRIES ANNOUNCES STRATEGIC PLAN
HOUSTON, TX, Mar 27, 2007
(M2 PRESSWIRE via COMTEX) --
Russell Industries, Inc. -
(RSDS.PK) plans on acquiring 200 Uranium Mine Claims
as part of its strategic plan for 2007.
Russell Industries Reserve Update
Russell Industries: RUSSELL INDUSTRIES ANNOUNCES STRATEGIC PLAN
HOUSTON, TX, Mar 27, 2007 (M2 PRESSWIRE via COMTEX) --
Russell Industries, Inc. -
(RSDS.PK) plans on acquiring 200 Uranium Mine Claims
as part of its strategic plan for 2007.
" Upon evaluating present market trends,
The Company believes very strongly that the value
of Uranium will continue to increase and will
aggressively pursue acquiring claims as opportunities
present themselves,"
Rick Berman, President.
About Russell Industries, Inc.
Russell Industries,
a Nevada Corporation,
was incorporated in 1997.
Russell Industries is a holding company
that will acquire assets in the energy, mining,
healthcare and financial industries.
Safe Harbor ----
HOUSTON, TX, Apr 03, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) has staked and filed with the Bureau of Land Management 26 additional Uranium mine claims in Utah. More details will follow as The Company pursues acquiring additional mine claims as part of its 2007 strategic plan.
Russell Industries Acquires 26 Uranium Mining Claims
HOUSTON, Apr 10, 2007 (BUSINESS WIRE) --
Russell Industries, Inc.
(RSDS.PK) announces that it has acquired another 26 Uranium Mine Claims in San Juan County, UT.
The acquisition of these claims raises the current total
of San Juan County Uranium Claims to 154.
Additionally, The Company plans to begin mining some of its claims, pending regulatory approval, in May.
Russell Industries: Russell Industries: Raises Authorized Shares
HOUSTON, TX, Apr 16, 2007 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSDS.PK) has filed a Certificate of Amendment with the Nevada Secretary of State to raise its authorized shares from 750,000,000 to 2,000,000,000. "The purpose of this change in authorized shares is to accommodate further raising of equity capital and continued acquisitions", Rick Berman, President and CEO. The Company is aggressively pursuing additional mine claims as part of its 2007 strategic plan.
About Russell Industries, Inc.
Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns an ownership interest in 154 Uranium Mining Claims as of April 16, 2007. Safe Harbor
Trophy Resources Adds Two New Board Members
Thursday April 19, 8:54 am ET
CLEVELAND, OH--(MARKET WIRE)--Apr 19, 2007 -- Trophy Resources' (Other OTC:TRSI.PK - News) Board of Directors is pleased to announce the addition of two new members: Mr. Al Saavedra and Mr. Richard Berman.
http://biz.yahoo.com/iw/070419/0241150.html
Mopar was the best, most parts would last twice as long, longer. We'll miss the older vehicles, and unlike these new ones relatively easy to work on. Nothing will compare to some of those vehicles that ran on real gas, and leaded, and much cheaper............I remember when diesel was the cheapest, how times have changed.
The fumes we inhale today are much healthier, I get stuck in traffic just so I can get my daily dose. :)
As you work on your taxes this month, here's something to raise your hackles: Some of the world's biggest, most profitable corporations enjoy a far lower tax rate than you do -- that is, if they pay taxes at all.
http://finance.yahoo.com/taxes/article/109244/what-the-top-us-companies-pay-in-taxes
The most egregious example is General Electric (NYSE: GE - News). Last year the conglomerate generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.
Avoiding taxes is nothing new for General Electric. In 2008 its effective tax rate was 5.3%; in 2007 it was 15%. The marginal U.S. corporate rate is 35%.
How did this happen? It's complicated. GE's tax return is the largest the IRS deals with each year -- some 24,000 pages if printed out. Its annual report filed with the Securities and Exchange Commission weighs in at more than 700 pages.
Inside you'll find that GE in effect consists of two divisions: General Electric Capital and everything else. The everything else -- maker of engines, power plants, TV shows and the like -- would have paid a 22% tax rate if it was a standalone company.
--------------------------------------------------------------------------------
Visit the Taxes Center
It's GE Capital that keeps the overall tax bill so low. Over the last two years, GE Capital has displayed an uncanny ability to lose lots of money in the U.S. (posting a $6.5 billion loss in 2009), and make lots of money overseas (a $4.3 billion gain). Not only do the U.S. losses balance out the overseas gains, but GE can defer taxes on that overseas income indefinitely. The timing of big deductions for depreciation in GE Capital's equipment leasing business also provides a tax benefit, as will loan losses left over from the credit crunch.
But it's the tax benefit of overseas operations that is the biggest reason why multinationals end up with lower tax rates than the rest of us. It only makes sense that multinationals "put costs in high-tax countries and profits in low-tax countries," says Scott Hodge, president of the Tax Foundation. Those low-tax countries are almost anywhere but the U.S. "When you add in state taxes, the U.S. has the highest tax burden among industrialized countries," says Hodge. In contrast, China's rate is just 25%; Ireland's is 12.5%.
Corporations are getting smarter, not just about doing more business in low-tax countries, but in moving their more valuable assets there as well. That means setting up overseas subsidiaries, then transferring to them ownership of long-lived, often intangible but highly profitable assets, like patents and software.
As a result, figures tax economist Martin Sullivan, companies are keeping some $28 billion a year out of the clutches of the U.S. Treasury by engaging in so-called transfer pricing arrangements, where, say, Microsoft's (NYSE: MSFT - News) overseas subsidiaries license software to its U.S. parent company in return for handsome royalties (that get taxed at those lower overseas rates).
"Corporations are paying lower amounts of their profits in taxes now than in the past," says Douglas Schackelford, who teaches tax law at the University of North Carolina at Chapel Hill. "Other countries have been lowering their rates, but not the U.S."
Mind you, not all global megacorps enjoy such low tax rates. Try to muster some pity for Big Oil. ExxonMobil (NYSE: XOM - News) paid more income taxes than any other U.S. company last year, some $15 billion, or 47% of pretax earnings. Exxon's peers Chevron (NYSE: CVX - News) and ConocoPhillips (NYSE: COP - News) likewise paid out more than half their earnings in income taxes. The oil companies are oddities among the multinationals because many of the oil-rich countries where they do business levy even higher taxes than the U.S.
Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.
Likewise, GE has $84 billion in overseas income parked indefinitely outside the U.S.
Naturally the Obama administration wants to put an end to this. It has proposed doing away with tax deferrals on overseas income. If the plan passes, a U.S. company that pays a 25% tax on profits in China would have to pay an additional 10% income tax to Uncle Sam to bring it up to the 35% corporate rate. "Eliminating deferrals would put U.S. companies on an unlevel playing field," says the Tax Foundation's Hodge, "especially if competing with the likes of Germany, which only taxes companies on domestic operations."
Hewlett-Packard (NYSE: HPQ - News) and others among the top 25 state in their annual reports that if Obama's tax measures pass it would mean a certain tax hike, probably amounting to billions of dollars.
Would no more tax holiday for GE really end up helping Mr. and Mrs. Taxpayer? Doubtful. "The average Joe should be in favor of lower corporate taxes," says Hodge, "because ultimately they are paying the corporate income tax. Either as workers, getting lower wages and fewer jobs, or as consumers, paying higher prices, or as retirees, getting lower dividends and earnings on their investments."
In the same vein, JPMorgan Chase (NYSE: JPM - News) Chief Executive Jamie Dimon has spoken out against an Obama proposal to levy a special tax on banks to recoup bailout costs. "Using tax policy to punish people is a bad idea," said Dimon. "All businesses tend to pass costs on to customers."
The Real Face Of Jesus aired on the History Channel, and if not mistaken will also come on tonight. Ray Downing worked on this for year, and the results are astonishing. When it concluded, and the real face in the shroud appeared, to say the least it was eerie. Ray Downing worked day an night in the hopes of being able to see the man in the shroud. I hope everyone can see it. The work behind this was unbelievable to say the least. Ray Downing's genius an determination brought it to life.
http://www.redlasso.com/ClipPlayer.aspx?id=fa3b6d01-0df5-442b-89c9-8e3c12a4af69
The Real Face Of Jesus aired on the History Channel, and if not mistaken will also come on tonight. Ray Downing worked on this for year, and the results are astonishing. When it concluded, and the real face in the shroud appeared, to say the least it was eerie. Ray Downing worked day an night in the hopes of being able to see the man in the shroud. I hope everyone can see it. The work behind this was unbelievable to say the least. Ray Downing's genius an determination brought it to life.
http://www.redlasso.com/ClipPlayer.aspx?id=fa3b6d01-0df5-442b-89c9-8e3c12a4af69
Hedge funds control free markets
http://www.timesgazette.com/main.asp?SectionID=1&SubSectionID=1&ArticleID=156341
The title of this article is interesting. We often hear that we need to protect our free markets, especially here in the US. Regulations stifle this.
The ones that preach this are usually multi-millionaires, or billionaires who have an invested interest in what they call a free market...............in fact a free market means a level playing field, at best its a farce.............hedgefunds control half of the US market and half of the London exchange at the very least. Because the industry has so much capital, and so much of the wealth under their control only when they know its relatively a safe bet will they pony up some big bucks, other than this they use very little of their capital, they don't have to they have it to back up what ever they want, and shortselling is a borrowed transaction, the life blood of hedgefunds.
Economists say U.S. poised for worsening financial catastrophes
http://economiccrisis.us/2010/02/economists-poised-worsening-financial-catastrophes/