NoBullU Battle Cry, Time to Refresh Liberty and Siege D.C.!

This is an urgent battle cry for all NoBullU readers and listeners: Time to unite Tea Party members and Occupy movements to fight corrupt crony capitalism.

The plan is to lay siege to the federal government, a figurative siege that is, of calls, and faxes, and emails, and letters, and demand that the government protect the treasury of our country from further looting.

The next siege will commence on a date in January to be announced, with one volley, at noon EST.

The specific objective is the White House.

The coordinates are:

Address for letters: The White House, 1600 Pennsylvania Avenue NW, Washington, DC 20500

Phone Numbers:

Comments: 202-456-1111
Switchboard: 202-456-1414
FAX: 202-456-2461

Email form: click here.

Tell them that we're not gonna take it and you want the government to protect the treasury.

I'm going to tell them: "Stop crony capitalism! Protect the treasury NOW from further looting."

Prepare for the siege by watching this video:



This is our banner:





















Now is time to prepare. Recruit fellow taxpayers, family, and friends.


Check back for further details.

CAUTION: Be careful, and don't do anything stupid.

Is It Déjà Virtual All Over Again?

Boortz has been promoting OnlineTaxRevolt.com.

Reminds me of our effort last year at a virtual protest.

Will you join the march with an avatar?

An Outrage to Liberty and Freedom

UPDATE: Thanks to those who took time to express their concern and outrage. As a result, Missouri scraped MIAC report.

Chuck Baldwin is the pastor of Crossroad Baptist Church in Pensacola, Florida, and was the presidential nominee of the Constitution Party for the 2008 U.S. Presidential election.

Baldwin alleges that there is a a secret Missouri state police report that categorized supporters of Congressman Ron Paul, Bob Barr, and himself as "'militia' influenced terrorists" and that the report "instructs the Missouri police to be on the lookout for supporters displaying bumper stickers and other paraphernalia associated with the Constitutional, Campaign for Liberty, and Libertarian parties."

See his letter.

If this is true, it would be an outrage to liberty and freedom and someone should be fired and prosecuted.

Write Missouri Governor Jay Nixon and demand an explanation.

Operation Siege Suspended

Operation Siege is suspended until further notice because of public apathy.

Sad to say, but the looting of the treasury and the robbery of our future by investment banks and other financial institutions will continue until there is adequate public outrage.

Let me know when you have had enough of the looting.

Operation Siege, Numero Deux

UPDATE VII: Read another great article describing the nature and magnitude of the economic mess, Washington Post, Tim Geithner's Black Hole. Then reread my posts:

Economic Mess for Dummies and

Problem, Causes and Professor NoBull's Solution for the Economic Mess

Now you understand why my proposal to invalidate all credit default swaps and nationalized insolvent banks makes sense.


UPDATE VI (earlier updates below): Read The Big Picture, Backdoor Bailouts for Goldman Sachs? Also read The New York Times, A.I.G., Where Taxpayers’ Dollars Go to Die. And re-read The New York Times, Propping Up a House of Cards, in which the writer predicts that the government will spend "quarter of a trillion dollars" to prop up AIG.

The appropriately named articles confirm what I have said for sometime, the AIG bailouts are an attempt to try and save well-connected investment banks, like Goldman Sacks, the former firm of former Treasury Secretary Paulson, the focus of an initial bailout proposal that never made sense, beneficiary of over a hundred billion bailout dollars, and then a hundred billion more.

It is robbery of our future!

This is the reason for our outrage and our action.

The plan is to lay siege to the federal government, a figurative siege that is, of calls, and faxes, and emails, and letters, and demand that the government protect the treasury of our country from further looting.

The next siege will commence on Friday, with one volley, at noon CST.

The specific objective is the White House.

The coordinates are:

Address for letters: The White House, 1600 Pennsylvania Avenue NW, Washington, DC 20500

Phone Numbers:

Comments: 202-456-1111
Switchboard: 202-456-1414
FAX: 202-456-2461

Email form: click here.

Tell them that we're not gonna take it and you want the government to protect the treasury from further looting by the robber investment banks and financial institutions.

I'm going to tell them: "Stop the bailout BULL! Protect the treasury NOW from further looting. No more money for insolvent investment banks and financial institutions."

Prepare for the siege by watching this video:



This is our banner:






















Now is time to prepare. Recruit fellow taxpayers, family, and friends.


Check back for further details.

CAUTION: Don't do anything stupid.

UPDATE: As expected, more looting of the treasury.

After a $60 billion loan, a $40 billion purchase of preferred shares and $50 billion to soak up the company’s toxic assets, Uncle Sam will quadruple down on AIG, with an additional $30 billion in taxpayer money. Read The New York Times, A.I.G. Reports $61.7 Billion Loss as U.S. Gives More Aid.

A loss of $61.7 billion in the fourth quarter, that is $465,421 per minute. "To put that in perspective, every six seconds it loses enough to pay full tuition for a year at Harvard."

"No company has cost you, the taxpayer, more money. And no company deserves it less." AIG was the enabler of the economic mess.

And Goldman Sacks, the former firm of former Treasury Secretary Paulson, was one of the enablees. All these bailouts are an attempt to try and save well-connected investment banks, like Goldman.

Time to End the Bailout Bull

Time to admit that Wall Street had just become a Ponzi scheme.

Time to kill the zombie banks and other financial institutions.

This is the reason for our outrage and action.


UPDATE II: Time to rally the peasants. Only a dozen or so have indicated that they will participate in the first siege, although I expect many times that number on Friday. If you plan to participate, please indicate in the poll on the right. I need to know some numbers in order to make the most effective use of assets.

If we don't have at least 100 declared participants, we will have to combine forces for one volley. In that case the first siege will begin at noon CST, or 18:00 (6:00 P.M. same day) GMT. (To calculate your local time for noon CST, use this time converter.)

Check back for a final update late Thursday.

And rally your friends and family to stop the looting of the treasury.


UPDATE III, MUST READ: Still not convinced. Read The Big Picture, Solvent Insurer / Insolvent Insurer about "[w]hy are the taxpayers making good on hedge fund trades gone bad" AKA the AIG bailout. There is no legitimate reason that insolvent banks and financial institutions should not be forced into bankruptcy. The only reason to bail them out is to save the stockholders. Former Sec. Treasury is one of those stockholders. He owns billions of dollars in Goldman Sachs stock. Ergo, he and other well-connected stockholders prefer government bailouts to save their investment vice bankruptcy.

STOP THE LOOTING OF THE TREASURY!


UPDATE IV, MUST LISTEN: Prefer to listen to, rather than read, the news. Then listen to NPR, Fresh Air, Simon Johnson on Bank Bailout Plan. Johnson is a former chief economist of the International Monetary Fund, a professor at the MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics.

The gist of what he says is that well-connected billionaires are using taxpayer money to prop up their bankrupt companies.

Therefore, I don't understand the public apathy! WHERE IS THE OUTRAGE!


UPDATE V: In an article titled The Big Dither, Paul Krugman, the newest winner of the Nobel Memorial Prize in Economic Sciences, writes that when it comes to dealing with banks, the Obama administration is dithering. And the result could be an economy that sputters along for a very long time. Further, he writes, by:

"using taxpayer funds to subsidize the prices of toxic waste . . . most of the benefit would go to people who don’t need or deserve to be rescued.

And this means that the government would have to lay out trillions of dollars to bring the financial system back to health, which would, in turn, both ensure a fierce public outcry and add to already serious concerns about the deficit. (Yes, even strong advocates of fiscal stimulus like yours truly worry about red ink.) Realistically, it’s just not going to happen.

So why has this zombie idea — it keeps being killed, but it keeps coming back — taken such a powerful grip? The answer, I fear, is that officials still aren’t willing to face the facts. They don’t want to face up to the dire state of major financial institutions because it’s very hard to rescue an essentially insolvent bank without, at least temporarily, taking it over. And temporary nationalization is still, apparently, considered unthinkable.

But this refusal to face the facts means, in practice, an absence of action. And I share the president’s fears: inaction could result in an economy that sputters along, not for months or years, but for a decade or more. "

Time to kill the zombie banks and other financial institutions.

Operation Siege Status Report

Fax successful!

Email successful!

Call complete!

You can report your status by posting a comment.

Next siege, Friday, March 13, 2009.

Keep recruiting fellow taxpayers to STOP THE LOOTING OF THE TREASURY!

And remember, don't do anything stupid.

The Plan -- Lay Siege to the Government

FINAL UPDATE, the is the final plan for the first siege on March 6, 2009:

The plan is to lay siege to the federal government, a figurative siege that is, of calls, and faxes, and emails, and letters, and demand that the government protect the treasury of our country from further looting.

The first siege will commence on Friday, with one volley, at noon CST.

The specific objective is the White House.

The coordinates are:

Address for letters: The White House, 1600 Pennsylvania Avenue NW, Washington, DC 20500

Phone Numbers:

Comments: 202-456-1111
Switchboard: 202-456-1414
FAX: 202-456-2461

Email form: click here.

Tell them that we're not gonna take it and you want the government to protect the treasury from further looting by the robber investment banks and financial institutions.

I'm going to tell them: "Stop the bailout BULL! Protect the treasury NOW from further looting. No more money for insolvent investment banks and financial institutions."

Prepare for the siege by watching this video:



This is our banner:






















Now is time to prepare. Recruit fellow taxpayers, family, and friends.


Check back for further details.

CAUTION: Don't do anything stupid.

UPDATE: As expected, more looting of the treasury.

After a $60 billion loan, a $40 billion purchase of preferred shares and $50 billion to soak up the company’s toxic assets, Uncle Sam will quadruple down on AIG, with an additional $30 billion in taxpayer money. Read The New York Times, A.I.G. Reports $61.7 Billion Loss as U.S. Gives More Aid.

A loss of $61.7 billion in the fourth quarter, that is $465,421 per minute. "To put that in perspective, every six seconds it loses enough to pay full tuition for a year at Harvard."

"No company has cost you, the taxpayer, more money. And no company deserves it less." AIG was the enabler of the economic mess.

And Goldman Sacks, the former firm of former Treasury Secretary Paulson, was one of the enablees. All these bailouts are an attempt to try and save well-connected investment banks, like Goldman.

Time to End the Bailout Bull

Time to admit that Wall Street had just become a Ponzi scheme.

Time to kill the zombie banks and other financial institutions.

This is the reason for our outrage and action.


UPDATE II: Time to rally the peasants. Only a dozen or so have indicated that they will participate in the first siege, although I expect many times that number on Friday. If you plan to participate, please indicate in the poll on the right. I need to know some numbers in order to make the most effective use of assets.

If we don't have at least 100 declared participants, we will have to combine forces for one volley. In that case the first siege will begin at noon CST, or 18:00 (6:00 P.M. same day) GMT. (To calculate your local time for noon CST, use this time converter.)

Check back for a final update late Thursday.

And rally your friends and family to stop the looting of the treasury.


UPDATE III, MUST READ: Still not convinced. Read The Big Picture, Solvent Insurer / Insolvent Insurer about "[w]hy are the taxpayers making good on hedge fund trades gone bad" AKA the AIG bailout. There is no legitimate reason that insolvent banks and financial institutions should not be forced into bankruptcy. The only reason to bail them out is to save the stockholders. Former Sec. Treasury is one of those stockholders. He owns billions of dollars in Goldman Sachs stock. Ergo, he and other well-connected stockholders prefer government bailouts to save their investment vice bankruptcy.

STOP THE LOOTING OF THE TREASURY!


UPDATE IV, MUST LISTEN: Prefer to listen to, rather than read, the news. Then listen to NPR, Fresh Air, Simon Johnson on Bank Bailout Plan. Johnson is a former chief economist of the International Monetary Fund, a professor at the MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics.

The gist of what he says is that well-connected billionaires are using taxpayer money to prop up their bankrupt companies.

Therefore, I don't understand the public apathy! WHERE IS THE OUTRAGE!


UPDATE V: In an article titled The Big Dither, Paul Krugman, the newest winner of the Nobel Memorial Prize in Economic Sciences, writes that when it comes to dealing with banks, the Obama administration is dithering. And the result could be an economy that sputters along for a very long time. Further, he writes, by:

"using taxpayer funds to subsidize the prices of toxic waste . . . most of the benefit would go to people who don’t need or deserve to be rescued.

And this means that the government would have to lay out trillions of dollars to bring the financial system back to health, which would, in turn, both ensure a fierce public outcry and add to already serious concerns about the deficit. (Yes, even strong advocates of fiscal stimulus like yours truly worry about red ink.) Realistically, it’s just not going to happen.

So why has this zombie idea — it keeps being killed, but it keeps coming back — taken such a powerful grip? The answer, I fear, is that officials still aren’t willing to face the facts. They don’t want to face up to the dire state of major financial institutions because it’s very hard to rescue an essentially insolvent bank without, at least temporarily, taking it over. And temporary nationalization is still, apparently, considered unthinkable.

But this refusal to face the facts means, in practice, an absence of action. And I share the president’s fears: inaction could result in an economy that sputters along, not for months or years, but for a decade or more. "

Time to kill the zombie banks and other financial institutions.

NoBullU Battle Cry, Time to Refresh Liberty

FINAL UPDATE regarding the meeting at noon, in the Martin Luther King Plaza in downtown Pensacola, FL to organize the effort and prepare a march on Washington D.C., with a target date of April 15, 2009.: The weather looks questionable, but I will be there.

And at 2 p.m., CST there will be a special broadcast of NoBullU on BlogTalkRadio. Join me at this website to continue the effort to refresh liberty.

The call-in number is (347) 308-8275.

(NOTE: I've never used BlogTalkRadio, but I hope it works.)

In a letter to William Stevens Smith, Thomas Jefferson wrote:

"God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. ... What country before ever existed a century and half without a rebellion? And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure."

After the actions of the government over the past several months, after reading Obama's 2010 budget proposal, and after learning that the government continues to prop up the Ponzi scheme that is Wall Street, I say that it is time to refresh the tree of liberty.

Please meet me tomorrow (Saturday, February 28, 2009), at noon, in the Martin Luther King Plaza in downtown Pensacola, FL to organize the effort and prepare a march on Washington D.C., with a target date of April 15, 2009.

This will be a peaceful effort, but bring a dollar bill to burn in protest.

Check back for updates, especially in case of inclement weather.

UPDATE: As discussed on the show, we will collect dollar bills for donation to a charitable cause, and burn a sybolic treasury note, the $1,000,000 bill that Mike gave me for the occasion.

REMEMBER to check back Saturday morning and/or listen to CyberSmart Saturday at 11 a.m. on WEBY for further updates, especially in case of inclement weather.

NoBullU Battle Cry

This is an urgent battle cry for all NoBullU readers and listeners:

Repeat after me: The stimulus package should be timely, targeted, and temporary. Instead, it is a sprawling, undisciplined smorgasbord of pent-up partisan fantasies, therefore I will not support it.

Instead I urge my Congressman or Senator, and to support the Fix Housing First Act, as revised by McConnell and Alexander to provide new and refinanced mortgages for 4%. (The original Fix Housing First Act does not include this revision.)

Repeat if necessary, then contact that worthless Congressman or Senator, and tell him/her.

This would stimulate consumer spending.

P.S. The banks should also be nationalized.

P.P.S. Tax cuts are not the answer for this economic mess. In fact, Congress should pass my proposed tax increase, the Incompetence Tax, as part of the stimulus bill.

For Republi-cons who think differently, consider this:

Republi-cons got us into this mess:



Different problems require different solutions:



This sums it up well:



Although if it helps, think of the proposal to provide new and refinanced mortgages for 4% as a tax cut.

P.P.P.S. Finally, for those who think we should do nothing, it could get a lot worse. Think Iceland.