Replies to post #174 on ~*~ Global ~*~ 912 Unite ~*~

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Illuminati Greed which will be damned hell in Eternity for deception and killing.

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Palin Criticizes Fed, China In Speech In Hong Kong
9/23/2009 11:44 AM ET -- RTT news

Former Alaska Governor Sarah Palin gave a speech at the CLSA Investors' Forum in Hong Kong Tuesday, addressing numerous topics, including leveling criticism towards the U.S. Federal Reserve for creating asset bubbles and encouraging excessive risk-taking that hurt working-class Americans.

"How can we think that setting up the Fed as monitor of systemic risk in the financial sector will result in meaningful reform," Palin said. "The words 'fox' and 'henhouse' come to mind."

Palin said the message sent to companies by the Fed and the federal government was "the bigger that you are, the more problems that you get yourself into, the more likely the government is to bail you out."

In addition, Palin took the opportunity to call the Obama administration's decision to impose duties on Chinese tires a mistake, calling for more cooperation with China. At the same time, she expressed concern about some of the communist nation's policies.

"We simply cannot turn a blind eye to China's policies and actions that could undermine international peace and security," Palin said.

"China has some 1,000 missiles aimed at Taiwan and no serious observer believes that it poses a military threat to Beijing," she added. "Those same Chinese forces made our friends in Japan and Australia kinda nervous. China provides support for some of the most questionable regimes from Sudan to Burma to Zimbabwe."

She further added that the U.S. needs "China to improve the rule of law and protect intellectual property."

"In the end, though," Palin said, "our economic relationship will truly thrive when Chinese citizens and foreign corporations can hold the Chinese government accountable when their actions are unjust."

The speech marked the first time Palin has given a major public address outside of North America.

Palin resigned her position as Alaska governor back in July. She had been John McCain's running mate on the Republican ticket during the 2008 Presidential election, and the large amount of exposure she received during the campaign has led to some speculation that she may be planning her own run for President in 2012.

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(AP) Former U.S. vice presidential nominee Sarah Palin, criticized for her lack of foreign policy experience, emerged in Asia on Wednesday to share her views from "Main Street U.S.A." with a group of high-flying global investors.

In her first trip to the region, the former Alaska governor addressed an annual conference of investors in Hong Kong in what was billed as a wide-ranging talk about governance, economics and U.S. and Asian affairs.

"I'm going to call it like I see it and I will share with you candidly a view right from Main Street, Main Street U.S.A.," Palin told a room full of asset managers and other finance professionals, according to a video of part of the speech obtained by The Associated Press. "And how perhaps my view of Main Street ... how that affects you and your business."

It marked Palin's first major appearance since she resigned as governor in July, and the speech's location and international scope could help boost her credentials ahead of a possible bid for president in 2012. While she's thought to be considering that, her Hong Kong trip bore no political overtones, said Fred Malek, a friend and Palin adviser.

"You can read a lot of things into it, 'Is she trying to burnish her foreign policy credentials?' and the like. But really, it's a trip that will be beneficial to her knowledge base and will defray some legal and other bills that she has," Malek said.

Palin left office in part because of the toll of multiple ethics complaints filed against her. Almost all of the complaints were dismissed, but she says she amassed more than $500,000 in legal fees.

In her speech - closed to reporters - Palin argued that many average Americans are uncomfortable with health care reforms that infringe on private enterprise, Chris Palmer, an American fund manager for Gartmore Investment Ltd., told reporters.

Discussing Sino-U.S. relations, Palin said she believes the U.S. has a role in helping China find its future and that the U.S. will always be on the side of promoting freedom, according to Palmer.

In an apparent reference to renewed tensions between Muslim Uighurs and Han Chinese that have led to violent riots, the former Alaska governor mentioned China's ethnic problems, arguing they are "a sign that China lacks mechanisms to deal with regional issues," Palmer said.

She also criticized the U.S. Federal Reserve's massive intervention in the economy over the last year and praised the conservative economic policies of former U.S. President Ronald Reagan and former British Prime Minister Margaret Thatcher, according to another attendee who declined to be named because he didn't want to be seen as speaking on behalf of his company.

"She was careful not to be over-critical ... but she said she saw the fiscal situation is going out of control," said Gregory Lesko, managing director of New York-based Deltec Asset Management.

Palin, who burst on the U.S. political scene last year when she was chosen as Republican Sen. John McCain's running mate, was ridiculed during the campaign after contending her state's proximity to Russia gave her foreign policy experience.

"You can actually see Russia from land here in Alaska," she said.

Palin received her first passport in 2007, to visit Alaska National Guard members serving in Kuwait and Germany.

Since leaving office, Palin has vanished from public view, ducking mainstream news outlets and communicating with supporters largely via her popular Facebook page.

She also signed with the prestigious Washington Speakers Bureau and reportedly has been flooded with over a thousand offers.

Palin aides refused to disclose her fee for the appearance, which has been rumored to be in the low six figures.

CLSA requested Palin's speech be closed to reporters so she could make an "unfettered" presentation to investors, according to spokeswoman Wheeler. And Palin, whose supporters have long accused the media of bias and harsh treatment, agreed.

Hari Sevugan, a spokesman for the Democratic National Committee, said Tuesday the group knew little about Palin's speech.

"We're curious as to what she's willing to say in private but not in public," Sevugan said. "Are there other countries that she can see from her window that she doesn't want us to know about?"
http://www.cbsnews.com/stories/2009/09/23/politics/main5331306.shtml?tag=cbsnewsLeadStoriesAreaMain;cbsnewsLeadStoriesHeadlines

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Update: Should the Fed be abolished? * 16433 responses ~~>>> Yes 91%

http://www.cnbc.com/id/32881898/
http://www.usdebtclock.org/


~*~ U.S. House to Hold Hearings on Federal Reserve Audit ~*~

H.R. 1207: Federal Reserve Transparency Act of 2009

Friday, September 25th at 9:00 AM

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Absurd >> 'Warren Buffett' Saves America In Ralph Nader's New Non-Novel (((( Anyone who knows real truth and facts would know that Super Rich is what is destroying Americans and the nation as the rich is made at the expense of others -- taking wealth out of others. ~~~))))
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Posted By: Alex Crippen | Executive Producer

| 25 Sep 2009 | 01:49 PM ET

A fictional version of Warren Buffett assembles a "cadre" of "super-rich" billionaires to "fix" the U.S. government and return "power to the people," in a new book by political candidate and activist Ralph Nader.

"Only the Super-Rich Can Save Us!" has just been published by Seven Stories Press.

Nader doesn't call his book a novel. He describes it as "a fictional vision that could become a new reality." He's also called it a "practical utopia."

In Nader's alternate reality, Warren Buffett is inspired to action by the government's inability to adequately respond to Hurricane Katrina in 2005. "He beheld in disbelief the paralysis of local, state, and federal authorities unable to commence basic operations of rescue and sustenance, not just in New Orleans, but in towns and villages all along the Gulf Coast. . . He knew exactly what he had to do. . ."

To quote the publisher's news release, Buffett "invites sixteen other super-rich individuals around a table to save America... (They) work together to unionize Wal-Mart, rebuild New Orleans with a speed and efficiency FEMA could only dream about, advance clean and transparent elections, effectively clean up the environment, and otherwise galvanize Congress and the corporate behemoths to be accountable to the people."

In an extended excerpt from the book posted by the publisher, the fictional Buffett tells a news conference:

"Our country is sinking deeper and deeper into troubles that are sapping its collective spirit and blinding it to the solutions that are ready at hand. From my observations of the rarefied world of business leaders, I’ve concluded that the vast majority are not leaders except for themselves. A society rots like a fish—from the head down. I want no part of that lucrative narcissism, that abdication from the realities that are blighting our country and the world. I am here to do my part, my duty, in persuading some of my very wealthy peers to live by the words of Alfred North Whitehead: ‘A great society is a society in which its men of business think greatly of their functions.’"

In the interviews he's been doing in recent days to promote the book, Nader says he's reached out to the real versions of the people in his book, telling the New Yorker he's made contact with "about half of his characters." Many of them have responded positively. So far, I haven't seen any mention of Buffett's reaction, if any.

And while the real Buffett is not as much of a political activist as his fictional counterpart, he has publicly supported Hillary Clinton and Barack Obama for president and called on Congress to raise taxes on the "super-rich."

He also brought together some of the world's richest people last May in New York to informally discuss how they could make philanthropy more effective. We assume, however, that no one was wearing a superhero costume.

URL: http://www.cnbc.com/id/33019473/

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>> Testing the Dexterity of a Crisis Manager (((~~ obviously, all those who know the reality knows that Bernanke/G20/Treasury/others are traitors of Americans, defrauding millions and the nation using all kinds of deception. ~~~))))


| 28 Sep 2009 | 10:21 AM ET

The startling disclosure of a secret Iranian nuclear facility late last week shoved the results of the G-20 economic conference here off center stage.

That was hardly surprising, since the conference was intended as a stay-the-course session affirming the promising early results of coordinated efforts to revive the global economy. And it was nothing new in the career of Treasury Secretary Timothy F. Geithner, a principal architect of those policies who is among the least prepossessing figures in an administration of large personalities.

Before taking the Treasury job, “I had spent most of my life trying not to be on television,” Mr. Geithner said in an interview here. Indeed, results so far suggest that is where he does his best work.

After stumbling in his transition from backstage player to out-front crisis manager, Mr. Geithner has since quieted critics inside and outside the administration at a time when health care and foreign policy challenges increasingly command the headlines. But with the economy still hovering between recession and recovery, multiple tests of his judgment and political dexterity lie ahead.

A Shaky Start

Mr. Geithner made his professional reputation over two decades of behind-the-scenes government work that began in the Reagan-era Treasury Department. His profile rose considerably last fall as president of the New York Federal Reserve, when he joined President George W. Bush’s Treasury secretary, Henry M. Paulson Jr., and the Federal Reserve chairman, Ben S. Bernanke, in the frantic effort to prevent financial collapse.

His public struggles began when Mr. Obama chose him as Treasury secretary. First he survived a confirmation controversy over unpaid taxes; later he drew fire for comments about Chinese currency policies that some analysts considered too blunt.

Mr. Geithner’s shaky initial rollout of a plan to help banks clean up so-called toxic assets generated calls for his ouster. Rahm Emanuel, the White House chief of staff, grew concerned enough about Treasury’s performance that he escalated his own involvement in the department’s affairs.

As it happened, the toxic asset plan’s signal contribution was the announcement itself; the increase in market confidence it engendered all but obviated the need for financial institutions to use it. Meanwhile, signs that economic growth is resuming have eased the sense of crisis surrounding Mr. Geithner’s work.

The economic “message” meetings in Mr. Emanuel’s office have slowed from daily to weekly. The administration’s immediate domestic priority is health care, while foreign policy challenges with Iran and the war in Afghanistan have gained fresh urgency.

Aides say the president never lost confidence in Mr. Geithner, who was born two weeks after Mr. Obama in August 1961. Mr. Emanuel said Mr. Obama values the same quality in Mr. Geithner that he values in himself: the ability to “stay calm and focused and dispassionate in a storm.”

Tempering Populism

Conservatives continue accusing Team Obama of dangerously expanding government control over the economy, from Wall Street to Detroit. But some Bush White House veterans credit Mr. Geithner with tempering the populist impulses of other Obama advisers.

One example: the administration has resisted calls, domestically and from G-20 allies like France, for specific dollar limits on executive compensation in the financial industry. “He’s doing as good a job as he can under the circumstances,” said Lawrence B. Lindsey, once Mr. Bush’s top economic adviser.

Such praise only fuels those on the left who cast Mr. Geithner as a tool of Wall Street interests for having rebuffed their calls to nationalize troubled banks.

“Progressives have been disappointed,” said Robert L. Borosage, director of the Committee for America’s Future. But he added, “I don’t think we see a lot of distance between Obama and Geithner.”

Mr. Geithner proved that point by successfully pushing for Mr. Obama to reappoint Mr. Bernanke, his close ally in the battles of the last year. The decision was fraught because a leading alternative was the National Economic Council director, Lawrence H. Summers, Mr. Geithner’s onetime mentor in the Clinton Treasury Department. Staying put in his current job, Mr. Summers will remain as a rival to Mr. Geithner for influence over administration economic policy.

The president’s decision to impose tariffs on imported Chinese tires, which Mr. Geithner opposed, showed he does not win every argument. Over the next year, he will face a raft of new fights over financial regulation in Congress, deficit reduction, and when to roll back Washington’s economic interventions.

That rollback may be the toughest strategic choice, pitting inflation fears against persistently high unemployment. Kevin M. Warsh, a Fed governor, warned in The Wall Street Journal last week that “policy likely will need to begin normalization before it is obvious it is necessary, possibly with greater force than is customary.”

His early public battering largely behind him, Mr. Geithner sounded sanguine last week. “As long as I feel confident we’re making the best decisions among a set of options,” he concluded, “I feel good.”
This story originally appeared in the The New York Times

URL: http://www.cnbc.com/id/33056434/