By Patrick McGreevy and Michael Rothfel

Reporting from Sacramento — Gov. Arnold Schwarzenegger and lawmakers scrambled Wednesday to avert a financial meltdown, and public officials across California braced for annihilating cuts on the day after voters trounced their leaders’ rescue plan for the state.

Within two hours of returning from Washington, D.C., the governor huddled behind closed doors with Democratic and Republican legislative leaders to grapple with a projected $21.3-billion budget shortfall for
the coming fiscal year and stop state government from running out of money by July.

View Article . . .

18 Comments

  1. One of my favorite Dillon Read officers was the son of a former Dillon chairman and, thus, remarkably wise about the ways of the firm. I sought him out after a Birkelund temper tantrum and said that Birkelund was not at all like a “Brady Man” and that I was surprised at Nick’s choice. My colleague looked at me with surprise and said something to the effect of “Brady did not choose Birkelund. Birkelund is a ‘Rothschild Man’.” I then said something about Dillon being owned by the Dillon partners, so what did the Rothschild’s have to do with us? My colleague rolled his eyes and walked away as if I was an interloper out of my league among the moneyed classes — clueless as to who and what was really in charge at Dillon Read and in the world.

    From: http://www.dunwalke.com/2_Rothschild_Man.htm

  2. Thanks for your reply Catherine,

    Yes, I have read your articles thoroughly and am sorry to report that not 1 of these articles takes the reader to a higher level of knowledge regarding WHO or WHAT is behind these evil “global” actions, including 9/11, as I mentioned in my above comment. We are not talking about an isolated US Central Bank nor an isolated US Mass Propaganda Media outlet but rather a global concentrated power group/identity with an overall strategy of World Domination for racist and religious/ideological reasons. As someone familiar with the CFR, you should know that upwards of 75% of the CFR members belong to this group/creed with virtually 100% of the top life-term directors.

    Yes, you certainly provide lots of managerial level information; without identifying the group, creed or organization that is affecting/directing these crimes within America and around the world. Sure, there are certainly non-members of this group that are used as puppets whether knowingly or unknowingly in their agenda. Maybe you do not wish to identify this group or creed for business/financial purposes but these evil people certainly identify themselves by this grouping (Jews, Zionists, International Marxists/Communists). Keep in mind, we are not talking about the “Nationalism” of the Russian people but rather the Communist/Marxist/Internationalists who ruled the Soviet Union of the past and have gradually changed states over the past 50+ years from which to carry out their ideology of world domination. Most, using the gateway of Israel in order to gain unencumbered admission into America and the goodwill/innocence we once had in the world.

    An analogy for your review:

    There is a criminal gang called the Vipers that runs around the world hurting people because they have a creed/ideology that says we are Gods chosen people and right lies in “force and make-believe”. However, the police will-not/are-not allowed to identify the group by its name or identify the ideology that they believe in. Instead, the police can only arrest each member whenever they are caught doing a crime but never to link that person to the Vipers or to tell the public what the groups fundamental beliefs are. So what happens? The criminal gang is allowed to continue their crimes fore-ever under its name and to raise/brainwash new members to believe in their creed. As such, the evil ideology/group is never brought into the light, condemned or broken up.

    This would be like only arresting a KKK member when he hangs a black-man but never allowing him to be labeled a KKK member nor allowing the light to shine on the racist KKK ideology. Granted, 99% of the KKK members will never commit a crime; even though they support the organization which funds, trains, hides and encourages other members to commit the crimes that further their agenda.

    In closing, I sometimes wonder if you have personally made this leap of global awareness or if there are other reasons (financial/business) this information is not brought to light within your articles; I can only hope, that it is the former rather than the latter.

    My best to you Catherine..

  3. Catherine,

    I have heard you speak on the radio from Berkely & was amazed to hear someone rational who actually made sense. Doug good stuff & as the Brits would say, spot on old boy!
    Mr Marine thank you for your candid honesty. Read on!

    Greg you do not really believe any politician in DC is going to fix this mess? It is not economically viable for their pocketbooks. America has the best politicians money can buy!

    Catherine is there light at the end of the tunnel with this current money system? Can one position ones self into a stable safe currency without going into more gold or silver?

    Regards
    John

  4. Hi Catherine,

    I read your blog with interest; however, I am wondering why you do not point out WHO these people are that have run the FED since I have been alive, WHO owns the Central Banks around the world, WHO owns our Mass Media Propaganda Machine, WHO did 9/11 and WHO is attempting to control the thoughts and knowledge of all humans?

    They are called Jews/Zionists/Marxists/Racists/Thugs. You only live once Catherine, please live with honor, integrity and truth. For only with knowledge, may truth rule and justice prevail.

  5. Hi Catherine, When the mainstream media starts picking up on the absurdity of political double-speak, can the end be far off?? Is there a government entity left that can monitor the clearly fraudulent activities of the administrative branch of government? Looks like congress and the judicial branch are fast asleep. Too bad there aren’t a few lawyers in all three branches that might step up and call the blatant and repeated bluffs of these politicos.

    http://www.youtube.com/watch?v=1uuWVHT1WUY&eurl=http%3A%2F%2Fwww.godlikeproductions.com%2Fforum1%2Fmessage800418%2Fpg1&feature=player_embedded

  6. When you depend upon the federal governmet to make various economic projections, one is just asking for trouble.

    The Latest in Junk Economics: Marginalist Panaceas to Today’s Structural Problems

    by Michael Hudson

    It looks like bookstores are about to be swamped this summer and fall by a forest of advice for which publishers gave respectable advances a year ago as the economy was going off the rails. Seeking to minimize the risk of cognitive dissonance, the marketing strategy seems to be to offer advice by well-placed or celebrity insiders on how to recover the kind of free lunch that American pension plans – and popular hopes for easy wealth – have long assumed to be part of the natural law of economic growth, if only it can be better managed. The fantasy that people want to buy is that the happy 1981-2007 era of debt-leveraged price gains for real estate, stocks and bonds can be brought back…

    For the time being we are being fed Wall Street defenses of the Bush-Obama (Paulson-Geithner) attempt to re-inflate the bubble by a bailout giveaway that has tripled America’s national debt in the hope of getting bank credit (that is, more debt) growing again. The problem is that debt leveraging is what caused our economic collapse. A third of U.S. real estate is now estimated to be in negative equity, with foreclosure rates still rising. So publishers have only a short time frame to sell the current spate of books before people wake up to the fact that attempts to renew the Bubble Economy will make the financial overhead heavier….

    What needs to be written about is what the marginalists leave out of account and what academic jargon calls “exogenous” considerations, which turn out to be what economics really is all about: the debt overhead; financial fraud and crime in general (one of the economy’s highest-paying sectors); military spending (a key to the U.S. balance-of-payments deficit and hence to the buildup of central bank dollar reserves throughout the world); the proliferation of unearned income and insider political dealing. These are the core phenomena that “free market” idea strippers have relegated to the “institutionalist” basement of the academic economics curriculum.

    The irresponsible cheerleaders applauding a bubble economy as “wealth creation” (to use one of Alan Greenspan’s favorite phrases) would like us, their audience, to believe that they knew that there was a problem all along, but simply could not restrain the economy’s “irrational exuberance” and “animal spirits.” The idea is to blame the victims – homeowners forced into debt to afford access to housing, pension-fund savers forced to consign their wage set-asides to money managers for the large Wall Street firms, and companies seeking to stave off corporate raiders by taking “poison pills” in the form of debts large enough to block their being taken over. One looks in vain for an honest acknowledgment of how the financial sector turned into a Mafia-style gang more akin to post-Soviet kleptocrat insiders than to Schumpeterian innovators.

    http://www.itulip.com/forums/showthread.php?p=98659#post98659

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