Archive for October 20th, 2010

Glenn Beck vs. Spooky Dude George Soros–Videos

Posted on October 20, 2010. Filed under: Blogroll, Communications, Economics, Federal Government, Fiscal Policy, Language, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Rants, Raves, Regulations, Taxes, Video, Wisdom | Tags: , , |

Glenn Beck-10/20/10-A


Glenn Beck-10/20/10-B


Glenn Beck-10/20/10-C


Rush – George Soros – I Can’t Stop The Republican Avalanche,Your On Your Own Barry


George Soros’s plan to fix the world


O’Reilly: George Soros is funding Media Matters,John Edwards


Hannity exposes Media Matters and MoveOn


Michael Savage Rips Into Media Matters and George Soros


Michael Savage Links George Soros With The Marijuana Movement 3-26-2010


Background Articles and Videos

Soros gives $1 million to Media Matters

“…George Soros announced that he has given $1 million to Media Matters “to hold Fox News accountable for the false and misleading information they so often broadcast.” Fox commentators frequently describe Media Matters, a frequent Fox critic, of being funded by Soros, but Media Matters has long denied that connection.

In today’s joint announcement, Soros denied it too – at least until today.

“Despite repeated assertions to the contrary by various Fox News commentators, I have not to date been a funder of Media Matters,” Soros said. “However, in view of recent evidence suggesting that the incendiary rhetoric of Fox News hosts may incite violence, I have now decided to support the organization. Media Matters is one of the few groups that attempts to hold Fox News accountable for the false and misleading information they so often broadcast. I am supporting Media Matters in an effort to more widely publicize the challenge Fox News poses to civil and informed discourse in our democracy.”

Soros figured prominently in the conspiracy theory that allegedly drove convicted felon Byron Williams to arm himself and set out to kill staffers at the Soros-funded Tides Foundation the ACLU this summer.
Although Williams said he had first heard of the theory from other sources, he told Media Matters in a jailhouse interview that Glenn Beck was a “schoolteacher” who “blew my mind” on such topics. He told the interviewer to watch Beck’s June shows to get more information about Tides. …”

Tides Foundation and Tide Center

“…Established in 1976 by California-based activist Drummond Pike, the Tides Foundation was set up as a public charity that receives money from donors and then funnels it to the recipients of their choice. Because many of these recipient groups are quite radical, the donors often prefer not to have their names publicly linked with the donees. By letting the Tides Foundation, in effect, “launder” the money for them and pass it along to the intended beneficiaries, donors can avoid leaving a “paper trail.” Such contributions are called “donor-advised,” or donor-directed, funds.

Through this legal loophole, nonprofit entities can also create for-profit organizations and then funnel money to them through Tides — thereby circumventing the laws that bar nonprofits from directly funding their own for-profit enterprises. Pew Charitable Trusts, for instance, set up three for-profit media companies and then proceeded to fund them via donor-advised contributions to Tides, which (for an 8 percent management fee) in turn sent the money to the media companies.

If a donor wishes to give money to a particular cause but finds that there is no organization in existence dedicated specifically to that issue, the Tides Foundation will, for a fee, create a group to meet that perceived need.

In 1996 the Tides Foundation created, with a $9 million seed grant, a separate but closely related entity called the Tides Center, also headed by Drummond Pike. While the Foundation’s activities focus on fundraising and grant-making, the Center — in its role as fiscal sponsoroffers newly created organizations the shelter of Tides’ own charitable tax-exempt status, as well as the benefits of Tides’ health and liability insurance coverage. As the Capital Research Center explains:

“Under the Tides Center umbrella, the new group can then accept tax deductible contributions without needing to apply immediately to the IRS for tax-exempt 501(c)(3) public charity tax status…. Besides giving a new project its seal of approval, the Tides Center performs a notable service in showing new groups how to run an office, apply for grants, conduct effective public relations, and handle the many personnel, payroll, and budget problems that might baffle a novice group.”

Between 1996 and 2010, the Tides Center served as a fiscal sponsor to some 677 separate projects with combined revenues of $522.4 million; in 2010 alone, the Center was actively managing nearly 200 projects. …”


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George Soros

George Soros: Government Interventionist and Global Socialist–Obama’s Puppeteer Master–Videos

George Soros: Barack Obama’s Money Man and Agenda Puppeter

George Soros On Reflexivity And Fallibility–Videos

Let There Be Stuff: “Spooky Dude” Georges Soros, The Tides Foundation and The Subversion of Your Church–Videos

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The American People Paid Off The Bets (Credit Default Swaps) Of Wall Street Investment Banks–Videos

Posted on October 20, 2010. Filed under: Blogroll, Communications, Economics, Energy, Federal Government, government, government spending, history, Investments, Language, Law, liberty, Life, Links, People, Philosophy, Politics, Rants, Raves, Regulations, Resources, Security, Technology, Video, Wisdom | Tags: , , , , , , , , , |

Derivatives Warning – Michael Greenberger interview


Credit Default Swaps


Greenspan Admits Philisophical Error in “The Warning”


Late 90s fight to regulate derivatives (clip from BBC’s “The Love of Money: The Age of Risk”)


Financial Derivatives: What are They? – Housing Bubble Collapse – Unregulated Insurance


Derivatives: the most crucial aspect of financial regulatory reform


CHHS Director on CNBC’s “Goldman Sachs: Power and Peril”


Goldman Sachs-Robbing and Thieving The American Sucker-AGAIN

The Young Turks: Fraud Exposed At Goldman Sachs


Background Articles and Videos

The Fall of Lehman Brothers P1

The Fall of Lehman Brothers P2

The Fall of Lehman Brothers P3

The Fall of Lehman Brothers P4

The Fall of Lehman Brothers P5

The Fall of Lehman Brothers P6

Credit Default Swap

“…A credit default swap (CDS) is a swap contract and agreement in which the protection buyer of the CDS makes a series of payments (often referred to as the CDS “fee” or “spread”) to the protection seller and, in exchange, receives a payoff if a credit instrument (typically a bond or loan) experiences a credit event.

In its simplest form, a credit default swap is a bilateral contract between the buyer and seller of protection. The CDS will refer to a “reference entity” or “reference obligor”, usually a corporation or government. The reference entity is not a party to the contract. The protection buyer makes quarterly premium payments—the “spread”—to the protection seller. If the reference entity defaults, the protection seller pays the buyer the par value of the bond in exchange for physical delivery of the bond, although settlement may also be by cash or auction.[1][2] A default is referred to as a “credit event” and include such events as failure to pay, restructuring and bankruptcy.[2] Most CDSs are in the $10–$20 million range with maturities between one and 10 years.[3]

A holder of a bond may “buy protection” to hedge its risk of default. In this way, a CDS is similar to credit insurance, although CDS are not similar to or subject to regulations governing casualty or life insurance. Also, investors can buy and sell protection without owning any debt of the reference entity. These “naked credit default swaps” allow traders to speculate on debt issues and the creditworthiness of reference entities. Credit default swaps can be used to create synthetic long and short positions in the reference entity.[4] Naked CDS constitute most of the market in CDS.[5][6] In addition, credit default swaps can also be used in capital structure arbitrage.

Credit default swaps have existed since the early 1990s, but the market increased tremendously starting in 2003. By the end of 2007, the outstanding amount was $62.2 trillion, falling to $38.6 trillion by the end of 2008.[7]

Most CDSs are documented using standard forms promulgated by the International Swaps and Derivatives Association (ISDA), although some are tailored to meet specific needs. Credit default swaps have many variations.[2] In addition to the basic, single-name swaps, there are basket default swaps (BDS), index CDS, funded CDS (also called a credit linked notes), as well as loan only credit default swaps (LCDS). In addition to corporations or governments, the reference entity can include a special purpose vehicle issuing asset backed securities.[8]

Credit default swaps are not traded on an exchange and there is no required reporting of transactions to a government agency.[9] During the 2007-2010 financial crisis the lack of transparency became a concern to regulators, as was the trillion dollar size of the market, which could pose a systemic risk to the economy.[2][4][10] In March 2010, the DTCC Trade Information Warehouse (see Sources of Market Data) announced it would voluntarily give regulators greater access to its credit default swaps database.[11]


Center for Health and Homeland Security (CHHS) Director on NBC Nightly News – 3/17/09

Center for Health and Homeland Security (CHHS) Director on CBS Evening News – 3/26/09


Center for Health and Homeland Security (CHHS) Director Michael Greenberger on ’60 Minutes’ – Part 1


Michael Greenberger Talks Speculation In Commodity Markets


Center for Health and Homeland Security (CHHS) Director Michael Greenberger on ’60 Minutes’ – Part 2

Credit Default Swaps 2


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John C. Goodman–Health Care and Socialized Medicine–Videos

Posted on October 20, 2010. Filed under: Blogroll, College, Communications, Demographics, Economics, Education, Employment, Fiscal Policy, government, government spending, Health Care, Language, Law, liberty, Life, Links, media, Medicine, Monetary Policy, People, Philosophy, Politics, Raves, Resources, Video, Wisdom | Tags: , , , , , , , , , , , , , |

John C. Goodman – Bureaucratic Health Care System 


John Goodman and the NCPA


John Goodman – Health Care Grandfather Clause – 09-24-10


John C. Goodman – Keeping Your Health Care Plan


John C. Goodman – Health Care Cost Increase – 09-08-10


John Goodman – Medicare Cuts


John C. Goodman – Medicare Trustees Report – 08-05-10


John C. Goodman – Medicaid Enrollment Increase


John C. Goodman – Health Care Fines



Health Care Forum Excerpt – 07-29-10


John Goodman on Health Care Reform


Stop Obama Death Care Socialized Medicine! (Share with Friends!)  



Background Articles and Videos

John Goodman Blog Post: “Empty Promises” – Mark Levin Show – 10-13-10]


7-5-09 – John C. Goodman – Fox News – Health Care Reform Bill


John C. Goodman – Health Care Tax Increases

SAVING & GOODMAN: Obama murdered Medicare 

Commentary by John C Goodman October 15, 2010

Source: The Washington Times

“…The health care reform law enacted in spring will have a devastating impact on elderly and disabled Medicare enrollees if its provisions are not substantially changed.

The law creates a new mechanism to reduce the rate of increase in Medicare payments to doctors and hospitals. As a result, Medicare payments will fall below Medicaid rates before the end of this decade, and they will fall increasingly behind the rates paid by all other payers in succeeding decades.

To appreciate what that means, consider that Medicare currently pays about 20 percent below what private insurance pays. At those rates, hospitals lose money on Medicare patients. Under the spending cuts called for in the Affordable Care Act (ACA), payments will get worse in the future.

According to estimates from the Office of the Medicare Actuary, Medicare will be paying just two-thirds of what private payers spend by the end of the decade and just one-half as much by midcentury. Moreover, as Medicare rates fall increasingly below Medicaid rates, the elderly and the disabled will be the last patients doctors will want to see – if they have time for them at all.

Compounding these problems is the fact that the ACA will create a huge rationing problem systemwide. Although the law is expected to create as many as 34 million newly insured people, all funds to create new health care providers were zeroed out of the bill. Subsequently, the administration has promised new funds to increase supply, but they will be nowhere near the increase in demand.

Additionally, Medicare spending cuts will create enormous financial stress for the nation’s hospitals. According to the actuary’s office, more than one in seven health care facilities will be unprofitable before the end of the decade. That number will climb to one in four by 2030 and to 40 percent by midcentury.

One way to think about these changes is to consider the reduction in spending on Medicare beneficiaries relative to the expected path prior to the legislation. Under the new health care law, the average senior on Medicare will receive $2,300 less in annual benefits within 10 years and $3,844 less after 20 years. (All numbers are measured at current prices.) By midcentury, average spending per beneficiary will be $9,413 less than it would have been. …”

How Seniors Will Pay for ObamaCare

In many areas, Medicare Advantage enrollees will lose about one-third of their health insurance benefits. The cuts will finance new subsidies for younger people.

“…The cost of ObamaCare will be quite high for some people, says John C. Goodman, president, CEO and Kellye Wright Fellow with the National Center for Policy Analysis.  

  • By 2017, thousands of people in Dallas, Houston and San Antonio will be paying more than $5,000 a year in lost health care benefits to make ObamaCare possible, according to a study published this month by Robert Book at the Heritage Foundation and James Capretta at the Ethics and Public Policy Center.
  • For some New York City dwellers, the figure will exceed $6,000 a year.
  • Residents of Ascension, La., will pay more than $9,000 in lost benefits.

Who are these people?  These are the enrollees in Medicare Advantage plans.  In many areas, Medicare Advantage enrollees will lose about one-third or more of their health-insurance benefits, says Goodman.

Ostensibly, Medicare Advantage plans do everything President Obama says he wants to accomplish with health reform, including provide subsidized coverage to low- and moderate-income people and no pre-existing condition limitations.

On measures of quality and efficiency, they also score well.  According to a study published in June by the trade group America’s Health Insurance Plans:

  • Medicare Advantage enrollees had 33 percent more doctor visits (presumably representing more primary care), yet experienced 18 percent fewer hospital days and 10 percent fewer hospital admissions than conventional Medicare patients.
  • They had 27 percent fewer emergency room visits, 13 percent fewer avoidable admissions, and 42 percent fewer readmissions.

According to a report published in April by the Medicare Office of the Actuary, about 7.4 million people who would have been enrolled in Medicare Advantage plans in 2017 will lose their coverage completely.  Those who are able to retain their coverage will lose significant benefits.

To those who view this as an entitlement wash, don’t be misled.  Many of the seniors losing their health plans will enroll in taxpayer-funded Medicaid, in addition to Medicare, says Goodman. …”

Source: John C. Goodman, “How Seniors Will Pay for ObamaCare,” Wall Street Journal, September 23, 2010.

John C. Goodman

“…John C. Goodman is a libertarian economist and the founding president of the Dallas based, conservative think-tank the National Center for Policy Analysis.[1] The Wall Street Journal called Goodman the “father of Health Savings Accounts [1].

He is the author of nine books, including Patient Power: The Free-Enterprise Alternative to Clinton’s Health Plan (ISBN 1-882577-10-8) which was instrumental in defeating Hillary Clinton’s health care plan in 1993. He most recently co-authored Leaving Women Behind: Modern Families, Outdated Laws. …”



John Goodman

“…John C. Goodman is president and CEO of the National Center for Policy Analysis.  The Wall Street Journal and the National Journal, among other media, have called him the “Father of Health Savings Accounts.” He is also the Kellye Wright Fellow in health care.  The mission of the Wright Fellowship is to promote a more patient-centered, consumer-driven health care system.

Dr. Goodman’s health policy blog is the premier right-of-center health care blog on the Internet.  It is the only place where pro-free enterprise, private sector solutions to health care problems are routinely examined and debated by top health policy experts throughout the country-conservative, moderate and liberal.

Goodman regularly appears on television and radio news and talk programs and authors editorials on economic policy issues.  He regularly appears on the FOX News Channel, CNN, FOX Business Network and CNBC.  He’s also appeared on the Lehrer News Hour (PBS) and was a debater on many of William F. Buckley’s Firing Line programs.  Goodman also regularly contributes columns to The Wall Street Journal, Kaiser Health News and other national publications.

In an unsurpassed national education effort to communicate patient-centered ObamaCare alternatives, Dr. Goodman has spearheaded a grassroots campaign resulting in more than 1.3 million petition signatures and 1.2 million emails to Congress.  The “Free Our Health Care Now” petition is the largest online petition ever delivered to Capitol Hill.

He is frequently invited to testify before Congress on health care reform and retirement topics and is the author of more than 50 published studies on topics such as health policy, retirement reform and tax issues and nine books, including Lives at Risk: Single Payer National Health Insurance Around the World; Leaving Women Behind: Modern Families, Outdated Laws; and the trailblazing Patient Power: Solving America’s Health Care Crisis, the condensed version of which sold more than 300,000 copies.

A native of Waco, Texas, Goodman became interested in economics and classical liberal ideas while an undergraduate at the University of Texas at Austin, where he became vice president of the student body.  He is a crossword puzzle aficionado, and most days he is able to conquer the puzzles in The New York Times in ink.

Goodman received his Ph.D. in economics from Columbia University, and has taught and done research at Columbia, Stanford University, Dartmouth University, Southern Methodist University and the University of Dallas.

For more information, contact NCPA public affairs at (800) 859-1154 or–>

National Center for Policy Analysis

“…The National Center for Policy Analysis (NCPA) is an American non-profit conservative think tank.[1] The NCPA states that its goal is to develop and promote private alternatives to government regulation and control, solving problems by relying on the strength of the competitive, entrepreneurial private sector. Topics include reforms in health care, taxes, Social Security, welfare, education and environmental regulation.

The NCPA was founded in February 1983[2] by British businessman Antony Fisher[3] and Dallas businessmen Russell Perry (CEO of Republic Financial Services),[4] Wayne Calloway (CEO of Frito-Lay), John F. Stephens (CEO of Employers Insurance of Texas),[5] and Jere W. Thompson (CEO of the Southland Corporation).

The NCPA received media attention recently for its promotion of encouraging automatic enrollment into companies’ 401(k) plans. NCPA President John Goodman also recently partnered with Wall Street Journal editorial writer Kim Strassel to author a book, Leaving Women Behind: Modern Families, Outdated Laws (ISBN 0-7425-4545-8).

NCPA was a member organization of the Cooler Heads Coalition, which described itself as “an alliance of some two dozen non-profit public policy groups concerned about the implications of the Kyoto Protocol for consumers,” and which was generally skeptical of the anthroprogenic global warming theory.[6] NCPA has also recently (as of January, 2007) undertaken to debunk peak oil claims.[citation needed] …”

National Center for Public Analysis Web Site

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