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You have to hand it to Obama to never miss an opportunity to get in front of a teleprompter.  General Motors in filing bankruptcy today will officially become Government Motors.  President Obama will hold an 11:30 a.m. event to discuss it even though last night the White House released this fact sheet fact sheet (.doc file) also available at http://www.autonews.com/assets/DOC/CA61689531.DOC.  Thank God it is not during Prime Time TV.

His blathering and this document lay out the Obama Administrations details of its plan for General Motors to help it emerge from restructuring quickly.  The automaker will get $30.1 billion of additional taxpayer money to restructure a smaller-company- a New GM and in return the Treasury Department has the right to appoint the initial directors.  Another $9.5 billion will come from Canada.

“In addition, the U.S. Treasury’s ability to prevent any change in control of us could also have an adverse effect on the market price of our common stock. The U.S. Treasury may also, subject to applicable securities laws, transfer all or any of its portion of our common stock to another person or entity and, in the event of such a transfer, that person or entity could become the controlling stockholder.” http://www.thetruthaboutcars.com/editorial-between-the-lines-gm-does-not-welcome-its-new-governmental-overlords/ The Treasury could conceivably transfer the stock to China to pay off debts!   

Dealscape lists the GM Bankruptcy petition filing June 1, 2009 at 7:57 am in its entirety here http://www.thedeal.com/dealscape/2009/06/gm_files_chapter_11.php

The nature of the claims and claim debts amounts are staggering.

1.  Wilmington Trust $22.7 Billion

2.  UAW $20.5 Billion

3.  Deutche Bank  $4.4  Billion 

4.  IUE $2.6 Billion

GM’s Total Assets on a consolidated basis $82.2 Billion

GM’s Total Debt on a consolidated basis $172.8 Billion

GM was world’s largest automaker for years.  It has been a technological marvel pushing the limits of technology, and marketing the fact that it’s brands were a mark of status.  Quality suffered over the years giving the Japanese auto giant, Toyota Motor Corp., the perfect opportunity to win the trophy as the world’s largest automaker, but it too has been beaten down by a sagging economy and credit crisis.  On May 8, 2009, Toyota reported a record annual net loss of $4.4 billion. An ad for the newest Prius feature the American Icon Superman standing next to the car in front of a photo of the globe.  http://toyota.jp/  Even superman could not have saved GM. 

In total disgust, Michael Moore had this to say; ” So here we are at the deathbed of General Motors. The company’s body not yet cold, and I find myself filled with — dare I say it — joy. It is not the joy of revenge against a corporation that ruined my hometown and brought misery, divorce, alcoholism, homelessness, physical and mental debilitation, and drug addiction to the people I grew up with.”  http://www.dailykos.com/story/2009/6/1/737485/-Goodbye,-GM  Dare I say, my joy would having never have to hear or read anything you have to say again you ignoramus.  Thousands are loosing their jobs, the government is buying a car company, and Moore has the balls to have joy?  Normally I would hope he gets a lump of coal in his Christmas stocking. Even that would be too good for him, as some coal miner had to dig it up to provide fuel for his country and to help run the factory that Moore is so joyfully ecstatic over. 

GM president and CEO Fritz Henderson said, “From day one, the New GM will be well-positioned to capitalize on the award-winning vehicles we have developed and launched during the past few years, and on our investments in exciting new technologies like the Chevy Volt.”  Henderson will host a press conference right after Obama’s spiel.  Toyota is already laughing! http://www.thetruthaboutcars.com/volt-birth-watch-141-toyota-laughs-at-the-volt-indirectly/ ” There’s no way the expensive, non-“rent-paying” Volt helps GM make money – at least in the short term. So, it’s a good idea to ditch it.” wrote http://www.autobloggreen.com/2009/05/29/wsj-keeping-the-chevy-volt-alive-doesnt-make-sense-for-governm/.

If  GM was a 500 lb gorilla with “misguided marketing, poor product direction, spotty quality control, random product cycles–simply not working.”, after Ch. 11 they will be a 200 lb gorilla with “misguided marketing, poor product direction, spotty quality control, random product cycles–simply not working.”  now led by the Automotive Task force and President Obama!  

Wall Street almost killed Detroit the first time with the credit crunch writes http://www.thebigmoney.com/blogs/shifting-gears/2009/05/31/how-wall-street-almost-killed-detroit.  Can GM, the government and the tax payer kiss and make up?  Hardly, kissing is only foreplay to getting fu#$%d yet again. After 83 years on the New York Stock Exchange, GM has been de-listed. “The parlous state of GM has left us with no choice but to remove it from the Dow,” said Robert Thomson, managing editor of The Wall Street Journal and editor-in-chief for all of Dow Jones. ”A bankruptcy filing immediately disqualifies a stock regardless of a company’s history or its role as a cultural icon.”  Tough shit for stockholders, eh? 

Oh, just kiss me you fool, and hurry before the gas tax and the VAT tax take effect.

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 buick

dodgenitro

The Obama administration is steering the wheels of not only General Motors and Chrysler into bankruptcy, but the FDIC- Federal Insurance Corporation in the new world order.

General Motors Corp. president and Chief Executive Officer Fritz Henderson has scheduled a news conference in New York on Monday, when the Detroit automaker is expected to file Chapter 11 bankruptcy.  Having propped up the failing automaker with billions of our tax dollars already, the government will take somewhere around a 70% ownership role. 

Perhaps the automakers should have been allowed to sink or swim in a free market economy months ago, none-the-less they are sinking now and fast.  So much innovation has come from the auto industry from safety, better fuel management, satellite tracking, etc. GM filed more than 300 patents last year alone and there in lies the money honey. 

Patents are the single most important asset class upon which economic recovery and sustainable prosperity now depend, especially in light of  the collapse of traditional asset-based markets says The Automaker Patent Assets Intelligence Report APA-Intel Report 2009, Comparative Quantitative Analysis Automaker Innovation and US Patent Portfolio Quality is here: http://www.ipfrontline.com/downloads/apa-intel-09.pdf

“Beyond the auto industry, the veracity of statistical patent asset measurement applies equally to every other industry core to our economy: computers, semiconductors, biotech, pharmaceuticals, software, medical devices, and oil and gas, to name a few. ”  writes http://www.cafezine.com/depts/article.asp?id=22652&deptid=8 

Andy Gibbs, Chairman and Chief Executive Officer of PatentCafe, said: “The APA-Intel Report on patents is the first of its kind that provides an in-depth comparison of the quality of patent portfolios owned by Chrysler, Ford, and General Motors, against their largest Japanese and European counterparts. High quality patents provide huge revenue opportunities, and low quality patents increase operational risk.”  The report notes that Green Tech” replacing “EnviroTech” as a more contemporary term has the most to gain, backing Obama’s policy that a greener world will cure all that ails us.  Except maybe Swine Flu.

Reinforcing Obama’s environmental policy and getting her to shut up about CIA memos, Nancy Pelosi was in China spewing that we must all take inventory and that a clean environment should be a basic right.  This, as markets are in the shitter, North Korea is launching missiles and testing nukes, and we are at war in Iran and Afghanistan. “The impact of climate change is a tremendous risk to the security and well-being of our countries.” http://www.huffingtonpost.com/2009/05/28/pelosis-new-tactic-tellin_n_208488.html.  If I vomit on the grass instead of the toilet- does that count as recycling?

The Republican National Committee slammed  Barack and Michelle Obama’s date night  an “RNC Research Piece”: “As President Obama prepares to wing into Manhattan’s theater district on Air Force One to take in a Broadway show, GM is preparing to file bankruptcy and families across America continue to struggle to pay their bills. … Have a great Saturday evening – even if you’re not jetting off somewhere at taxpayer expense. … PUTTING ON A SHOW: Obama’s Wing Into The City For An Evening Out While Another Iconic American Company Prepares For Bankruptcy. http://www.politico.com/news/stories/0509/23122.html

Making a habit of dining out, Obama ate at Five Guys on Friday and while waiting for his order, President Obama appears to have learned of the existence of a Defense Department intelligence arm, the National Geo spacial Intelligence Agency- NGA-an agency employee also at the burger restaurant.  Too bad it wasn’t some one from the FDIC who could have told him that that the fund is is at an all time low of just $13 billion as of march 31st  or 0.27% of $4.8 trillion in insured deposits! </span

While depositors have been seeking a safe haven from the stock market, and banks continue to falter, insured deposits have hit all time highs.  The FDIC is all but insolvent. " http://zerohedge.blogspot.com/2009/03/bailoutspotting-or-search-for-great.html writes “At its heart, the FDIC is an insurer of deposits. It does this not so much with actual cash which would pay off depositors if there were a global run on the bank (which is negligible when compared to the total size of roughly $5 trillion in deposits), but by being a symbol of the U.S. guarantee to protect its depositors.” </span

The inclusion of "In God We Trust" on all currency was required by law in 1955.  The Federal Reserve guarantees those dollars for now, but for how long?  Even the big 3 have warranty programs, but again for how long?  The car I drive has a rosary on it to protect our family while we drive and that invisible trust in my gas guzzling SUV and God remains, but faith in Obama to restore the automotive and the banking industry?  

Novus Ordo Seclorum is shown on a ribbon below the pyramid and translated as "a new order of the ages."  President Obama has been very open about his global agenda and as the world debates rescinding the dollar as the global currency, he is steering us away from national sovereignty and capitalism.

Photo taken on May 29, 2009 shows a 1908 Buick Model 10 in the GM Heritage Center in Sterling Heights, Michigan, the United States Xinhua/Gu Xinrong

A Dodge Nitro vehicle is seen in front of the General Motors Corp world headquarters in downtown in Detroit, May 28, 2009. (Xinhua/Reuters Photo)  {A Dodge in front of GM – there’s your new world order alright!}

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US President George W. Bush said in an interview Tuesday he was forced to sacrifice free market principles to save the economy from “collapse.”  http://www.google.com/hostednews/afp/article/ALeqM5jyyKrPjYt7VhpS8G8DrRkr18B0hA

Did that shoe really hit Bush in the head for him to make such a statement asks http://flapsblog.com/2008/12/16/did-the-iraqi-journalists-shoe-really-hit-george-w-bush-in-the-head/.  Venezuela’s, Chavez went so far as to applaud the shoe throwing action. 

Students of economics might argue that governments propping up of the economy is socialism, it is another thing to have your president say it out right.

How to solve the problem is not making statements like that in the first place.  It shows our vulnerability, that we are defeated and weak.  That we need to be rescued.  With every last breath, he should have defended that capitalism works and this “abandonment” is a temporary fix, but he didn’t.  Bush it seems, told the truth that America is heading for a North American Union and a New Global Financial Order.     

America could be ready to be pounced upon with Russians heading to Cuba for war games, and the Middle East, Russia, China all have nuclear capability aimed.  http://www.breitbart.com/article.php?id=081215151217.gl11u87v&show_article=1  Putin blamed the US for the cause of the global financial meltdown in the first place and so did Brown.  You think Russia wants to get even?  Remember The Cuban Missile Crisis?

British Prime Minister Gordon Brown called for a New Global Financial Order that would increase the adoption of trade treaties and increase the role of the International Monetary Fund in offering credit on the same scale as after World War Two.  “Now we have to create the institutions that are relevant not for national or sheltered economies but for global economies with global capital movements and competition.”  http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3202056/Gordon-Brown-urges-EU-to-rebuild-global-financial-institutions.html  Brown went further to say, “To make sure that the problems that developed in the financial system, problems that we know started in America, that these problems do not return again.” 

Maybe these problems started with the International Monetary Fund, The United Nations, the World Bank in the first place.  Wouldn’t those in the most powerful of positions have the most to gain?  Who is going to purchase distressed assets?  Russia, China and the Gulf oil states that’s who.  America is for sale. 

Liberals would want us to butt out, Obama wants to throw more money at the problems while Republicans want to end the bailouts.  Is it all one step closer to a North American Union and a One World Order? 

“George, you weren’t forced to do it. You wanted to do it. You want to dissolve the sovereignty of the United States and become part of the one-world government. You did this by choice, George, and we know it!” says Bruce Tyson at http://word.truthintheword.org/archives/2277

Lest we forget, the US Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933. 48 Stat .1,  Public Law 89-719; declared by President Roosevelt being bankrupt and insolvent.  H.J.R. 192, 73rd Congress session June 5, 1933. http://tucnak.fsv.cuni.cz/~calda/Documents/1930s/EmergBank_1933.html  Roosevelt also issued Executive Order 6102, requiring all private gold be turned in for paper money at face value. 

The Wall Street Journal says, “President-elect Barack Obama’s economic team is considering an economic-stimulus program that will be far larger than the two-year, half-trillion-dollar plan under consideration two weeks ago, according to people familiar with the team’s thinking.” http://online.wsj.com/article/SB122913735606103803.html While all of Obama’s projects are under debate, That One is taking his family on a two week vacation to Hawaii for the Christmas Holiday.  I’d call that irresponsible, and just who is footing the bill? 

Obama, like Bush, has pledged to cooperate with the UN to institute a global tax in support of the Millennium Development Task Force goals. http://www.usasurvival.org/docs/Obama_NWO.pdf  seemly a further erosion of our sovereignty.

 …” the producing economy of people who work for a living simply can no longer generate enough purchasing power for people either to pay their debts or allow them to purchase what is being sold in the marketplace. In turn it is the debt burden and the loss of societal purchasing power that are crashing the stock market. Thus the collapse of the financial economy has started to destroy the producing economy as well.” http://www.globalresearch.ca/index.php?context=va&aid=9596 David Cook calls our current condition,a “perfect storm,” and that efforts to help the economy are merely, “band-aids on band-aids.  On the extreme, he also believes we are witness to not only the collapse of the U.S. , but more than likely the final crash of Western civilization.

For now, the treasury must be burning up the trees of the rain forest in printing so much money.  Where are all the environmentalists when you need them?   What of complete social destabilization?  What do you do with millions of homeless, out of work people?  Maybe Bush wasn’t so far off base in putting the Army on active duty on US Soil. https://ahrcanum.wordpress.com/2008/09/30/militarization-of-america-a-state-of-emergency/

At the far end of the spectrum, “Operation Cable Splicer and Garden Plot are the two sub programs which will be implemented once the Rex 84 program is initiated for its proper purpose.  Garden Plot is the program  to control the populations.  Cable Splicer is the program for an orderly takeover of the state and local governments .  FEMA is the executive arm of the coming police state and will head up all operations.  The Presidential Executive Orders already listed on the Federal Register also are part of the legal framework for this operation.” writes http://www.freedomfiles.org/war/fema.htm

What if the rumors of FEMA camps aren’t rumors?  For a potential list of sites go here http://www.rense.com/general17/statebystate.htm.  And for more discussions with video of alleged camps go here  http://www.apfn.org/apfn/camps.htm .

In the Main Stream Media, The SanFranciso Gate  http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/02/04/ED5OUPQJ7.DTL says that, “Beginning in 1999, the government has entered into a series of single-bid contracts with Halliburton subsidiary Kellogg, Brown and Root (KBR) to build detention camps at undisclosed locations within the United States. The government has also contracted with several companies to build thousands of rail cars, some reportedly equipped with shackles, ostensibly to transport detainees. According to diplomat and author Peter Dale Scott, the KBR contract is part of a Homeland Security plan titled ENDGAME, which sets as its goal the removal of “all removable aliens” and “potential terrorists.”

http://justanothercoverup.com/?p=356 goes into further detail why there appears to be a large scale press cover up.  The Press? Yes the press- the same people like the LA Times who refused to release a tape of Obama at a dinner and just this week reported Obama not guilty of selling his Senate seat in the Blagojevich looming scandal.  Last I heard from Patrick Fitzgerald the case was under investigation.

At the very extreme http://www.latimes.com/news/nationworld/nation/la-na-moment13-2008dec13,0,2231803.story “I think that you should hear what my opinion about the Obama election is: that he will not be the next president. I said on my home page in August that if he lost to expect to see the ‘riots’ that 2 Peter 2:13 tells us about. He didn’t lose. But the story is not finished yet. I still think they may begin the riots before Christmas 2008, as I said.”  in reporting about Parowan Prophet aka Leland Freeborn.  He believes, “These riots, according to his prophecy, will encourage the “old, hard-line Soviet guard” to seize the moment and rain down nukes on the United States, killing at least 100 million of us.”  Sure the fuck hope he is wrong.

As David Rockefeller reportedly said in 1973 when he and others formed the Trilateral Commission, “We will have this a Socialist Nation by the end of the year 2000.”  Maybe, he was off by a few years. 

As for writing on Ahrcanum- this site, if the Supremes, Obama and the rest of the world can turn from the cares facing us, so can I.   I am off to pursue the pursuits of happiness.

I pray all of this crap is just a bunch of crap, that America stays strong, and remains home of the free.  Shame, shame on all of us if it is not.

God Bless America.

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  As seeb on Fox News.

Obama was talking to a plumber in a neighborhood, the man asked “why do want to raise my taxes? … Obama said he needed to “spread” the wealth…..

Can you spell S O C I A L I S T?  It won’t just be that plumber whose going to be bending over at work.

Tell me just why would anyone want to get back into the stock market with a Socialistic, Marxist statement like that?  So much for hard work, Obama is going to spread the wealth around for all of us.  Oh goody, where do I stand in line?  Oh that’s right- the line for the bathroom is going to be long because all the plumber’s will no longer have any incentive to work to fix the plumbing since Obama is going to be taking more of their money. 

Say goodbye to the American Dream if Obama Gets elected, we’re going to be standing in a lot of shit.

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October 9, 1940 – December 8, 1980 was the life of John Lennon.  Today was his birthday.  If he were alive today, surely he’d have some satirical commentary on our Presidential Elections, the Stock Market fiasco, etc.  A few pertinent inspirational statements for today’s hot button subjects previously quoted from Lennon in conversation or song, might include something like these—

On Lennon’s own Death:  “Guilt for being rich, and guilt thinking that perhaps love and peace isn’t enough and you have to go and get shot or something. ”

On Sarah Palin: “As usual, there is a great woman behind every idiot.”

On Society:  “Our society is run by insane people for insane objectives.  I think we’re being run by maniacs for maniacal ends and I think I’m liable to be put away as insane for expressing that. That’s what’s insane about it.”

On Conspiracies like 9-11 & UFO’s:  “The more I see the less I know for sure.”

On Drowning in Debt:  “When you’re drowning, you don’t say ‘I would be incredibly pleased if someone would have the foresight to notice me drowning and come and help me,’ you just scream.”

On Social Security:  “The older generation are leading this country to galloping ruin!”

On Home Foreclosure:  “Possession isn’t nine-tenths of the law. It’s nine-tenths of the problem.”

On Education Reform:  “There’s nothing you can know that isn’t known.”

On Religion:  “You’re just left with yourself all the time, whatever you do anyway. You’ve got to get down to your own God in your own temple. It’s all down to you, mate.

The War on Terrorism;   When I hold you in my arms and I feel my finger on your trigger I know no one can do me no harm because happiness is a warm gun. “

On The Stock Market & Economy:  ” I don’t care too much for money, money can’t buy me love. ”

On John McCain:  “Reality leaves a lot to the imagination.”

On Obama:   ” I get by with a little help from my friends ”

On Bush:  “…you know it ain’t easy.  You know how hard it can be.  The way things are going, they’re going to crucify me.:

On Dick Chaney:  “There’s room at the top, I’m telling you still but first you must learn how to smile as you kill if you want to be like the folks on the hill.”On President Bill Clinton:  “Whatever gets you through the night.  It’s alright.  It’s alright.”

On Hillary Clinton:  “I am going into an unknown future, but I’m still all here, and still while there’s life, there’s hope. “

On Darfur:  “All we are saying is give peace a chance.”

On Global Warming: “We are all water from different rivers, That’s why it’s so easy to meet. We are all in this vast, vast ocean.  Someday we’ll evaporate together.” 

On The Paparazzi:  “Newspaper people have a habit of putting you in the front pages to sell their papers, and then after they’ve sold their papers and got big circulation’s, they say, ‘Look at what we’ve done for you.'” On Elvis:  “Everybody loves you when you’re six foot in the ground.”

On Brittany Spears:  “”Nobody controls me, I’m uncontrollable.” 

http://www.lennonmurdertruth.com/ is a web site that believes that the murder of John Lennon was orchestrated and premeditated somehow with government authority.   The site states, “Contrary to all reports about a lone drifter named Mark David Chapman who allegedly shot John Lennon in the back December 8, 1980 you’ll find ample evidence in the back issues of Time, Newsweek, and US News and World Reportmagazines to suggest otherwise. Namely, that John Lennon was, not only politically assassinated, but that Richard Nixon, Ronald Reagan and, you’d better sit down, horror novelist Stephen King are the three people who can be proven guilty of the crime. King being the real murderer and Chapman but a look-alike, paid actor misleading you with an absolute hoax, the media in tow.” 

Steven King?  The author goes on to say that ,” I feel like I’m talking to a bootlicking, phony moron.
As if the media never told them a big, fat lie in their life; as if the media was trustworthy.
As if the assassinations of the 60’s didn’t teach us that our govt. is afraid of anyone who
actually wants to implement America’s freedoms, documents, rights and philosophies.
As if the majority of Americans don’t think that those assassinations were coverups. You
cowards cringe from the latest book about R.F.K.’s murder that exposes 12 bullet wounds.
You persist in keeping your heads down and your mouths shut while you set up the next list
of martyrs who want to make the world a better place.” 

If your really interested -you’re invited to protest with Steve Lightfoot, author of the website “Who really killed John Lennon, this Oct. 9, John Lennon’s birthday, at ABCTV’s Bldg. at W.67th and Columbus Ave., N.Y.N.Y., all day, from 9:00 am to 7:00 pm. 

At http://www.whale.to/b/lenn.html claims are made that “CIA director, Tavistock underling and then vice-president George Bush Sr. had Lennon slaughtered on the streets of New York utilizing yet another mind-controlled Delta slave Mark David Chapman. Mark Chapman is the victim of an artificially induced model psychosis.” 

Wierd thing is, that in all thisconspiracy jumbo, that both John Hinckley and Mark David Chapman were each carrying on their person a paperback copy of the JD Salinger novel, Catcher in the Rye.  Reportedly,  Salinger had ties to the US intelligence community, especially the CIA.

I never read the book and don’t know much except, today was his birthday and John Lennon is dead.

All quotes are probably property and copyrighted by their respective owners.  All quotes are provided for entertainment purposes only. 

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