This is an interesting story put
together from various articles and TV shows by the British Times paper.
It shows what Obama and his friends are really all about. It's not hope
and change, it is money.I warn you, the first part is a little boring,
but stick with it. The second part connects all the dots for you (it
will open your eyes). The end explains how Obama and all his cronies
will end up as multi-billionaires. (It's definitely worth the read. You
will not be disappointed).
A small bank in Chicago called
SHOREBANK almost went bankrupt during the recession. The bank made a
profit on its foreign micro-loans (see below) but had lost money in
sub-prime mortgages in the US. It was facing likely closure by federal
regulators. However, because the bank's executives were well connected
with members of the Obama Administration, a private rescue bailout was
arranged. The bank's employees had donated money to Obama's Senate
campaign. In other words, ShoreBank was too politically connected to be
allowed to go under. ShoreBank survived and invested in many "green"
businesses such as solar panel manufacturing. In fact, the bank was
mentioned in one of Obama's speeches during his election campaign
because it subjected new business borrowers to eco-litmus tests.
Prior to becoming President, Obama sat
on the board of the JOYCE FOUNDATION, a liberal charity. This foundation
was originally established by Joyce Kean's family which had accumulated
millions of dollars in the lumber industry. It mostly gave funds to
hospitals but after her death in 1972, the foundation was taken over by
radical environmentalists and social justice extremists.
This JOYCE FOUNDATION, which is
rumored to have assets of 8 billion dollars, has now set up and funded,
with a few partners, something called the CHICAGO CLIMATE EXCHANGE,
known as CXX. It will be the exchange (like the Chicago Grain Futures
Market for agriculture) where Environmental Carbon Credits are traded.
Under Obama's new bill, businesses in the future will be assessed a tax
on how much CO2 they produce (their Carbon Footprint) or in other words
how much they add to global warming. If a company produces less CO2 than
their allotted measured limit, they earn a Carbon Credit. This Carbon
Credit can be traded on the CXX exchange. Another company, which has
gone over their CO2 limit, can buy the Credit and "reduce" their
footprint and tax liability. It will be like trading shares on Wall
Street.
Well, it was the same JOYCE
FOUNDATION, along with some other private partners and Wall Street firms
that funded the bailout of ShoreBank. The foundation is now one of the
major shareholders. The bank has now been designated to be the "banking
arm" of the CHICAGO CLIMATE EXCHANGE (CXX). In addition, Goldman Sachs
has been contracted to run the investment trading floor of the exchange.
So far so good; now the INTERESTING
parts.
One ShoreBank co-founder, named Jan Piercy, was a Wellesley College
roommate of Hillary Clinton. Hillary and Bill Clinton have long
supported the bank and are small investors. Another co-founder of
Shorebank, named Mary Houghton, was a friend of Obama's late mother.
Obama's mother worked on foreign MICRO-LOANS for the Ford Foundation.
She worked for the foundation with a guy called Geithner. Yes, you
guessed it. This man was the father of Tim Geithner, our present
Treasury Secretary, who failed to pay all his taxes for two years.
Another founder of ShoreBank was Ronald Grzywinski, a cohort and close
friend of Jimmy Carter.
The former ShoreBank Vice Chairman was
a man called Bob Nash. He was the deputy campaign manager of Hillary
Clinton's presidential bid. He also sat on the board of the Chicago Law
School with Obama and Bill Ayers, the former terrorist. Nash was also a
member of Obama's White House transition team. (To jog your memories,
Bill Ayers is a Professor at the University of Illinois at Chicago. He
founded the Weather Underground, a radical revolutionary group that
bombed buildings in the 60s and 70s. He had no remorse for those who
were killed, escaped jail on a technicality, and is still an admitted
Marxist).
When Obama sat on the board of the
JOYCE FOUNDATION, he "funneled" thousands of charity dollars to a guy
named John Ayers, who runs a dubious education fund. Yes, you guessed
it. The brother of Bill Ayers, the terrorist.
Howard Stanback is a board member of
Shorebank. He is a former board chairman of the Woods Foundation. Obama
and Bill Ayers, the terrorist, also sat on the board of the Woods
Foundation. Stanback was formerly employed by New Kenwood Inc. a real
estate development company co-owned by Tony Rezko.
(You will remember that Tony Rezko was
the guy who gave Obama an amazing sweet deal on his new house. Years
prior to this, the law firm of Davis, Miner, Barnhill & Galland had
represented Rezko's company and helped him get more than 43 million
dollars in government funding. Guess who worked as a lawyer at the firm
at the time. Yes, Barack Obama).
Adele Simmons, the Director of
ShoreBank, is a close friend of Valerie Jarrett, a White House senior
advisor to Obama. Simmons and Jarrett also sit on the board of a dubious
Chicago Civic Organization.
Van Jones sits on the board of
ShoreBank and is one the marketing directors for "green" projects. He
also holds a senior advisor position for black studies at Princeton
University. You will remember that Mr. Van Jones was appointed by Obama
in 2009 to be a Special Advisor for Green Jobs at the White House. He
was forced to resign over past political activities, including the fact
that he is a Marxist. Al Gore was one of the smaller partners to
originally help fund the CHICAGO CLIMATE EXCHANGE. He also founded a
company called Generation Investment Management (GIM) and registered it
in London, England. GIM has close links to the UK-based Climate Exchange
PLC, a holding company listed on the London Stock Exchange. This company
trades Carbon Credits in Europe (just like CXX will do here) and its
floor is run by Goldman Sachs.
Along with Gore, the other co-founder
of GIM is Hank Paulson, the former US Treasury Secretary and former CEO
of Goldman Sachs. His wife, Wendy, graduated from and is presently a
Trustee of Wellesley College. Yes, the same college that Hillary Clinton
and Jan Piercy, a co-founder of Shorebank attended. (They are all
friends).
Interesting? And now the closing...
Because many studies have been exposed
as scientific nonsense, people are slowly realizing that man-made global
warming is nothing more than a money-generating hoax. As a result, Obama
is working feverishly to win the race. He aims to push a Cap-and-Trade
Carbon Tax Bill through Congress and into law.
Obama knows he must get this passed
before he loses his majority in Congress in the November elections.
Apart from Climate Change he will"sell" this bill to the public as
generating tax revenue to reduce our debt. But, it will also make it
impossible for US companies to compete in world markets and drastically
increase unemployment. In addition, energy prices (home utility rates)
will sky rocket.
But, here's the KICKER (THE MONEY
TRAIL). If the bill passes, it is estimated that over 10 TRILLION
dollars each year will be traded on the CXX exchange. At a commission
rate of only 4 percent, the exchange would earn close to 400
billion dollars to split between its owners, all Obama cronies. At a 2
percent rate, Goldman Sachs would also rake in 200 billion dollars each
year.
But don't forget SHOREBANK. With 10
trillion dollars flowing though its accounts, the bank will earn close
to 40 billion dollars in interest each year for its owners (more Obama
cronies), without even breaking a sweat. It is estimated Al Gore alone
will probably rake in 15 billion dollars just in the first year. Of
course, Obama's "commissions" will be held in trust for him at the Joyce
Foundation. They are estimated to be over 8 billion dollars by the time
he leaves office in 2013, if the bill passes this year. Of course, these
commissions will continue to be paid for the rest of his life.
Some financial experts think this will
be the largest "scam" or"legal heist" in world history. Obama's cronies
make the Mafia look like rank amateurs. They will make Bernie Madoff's
fraud look like penny ante stuff.
