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Barack “von Munchausen” Obama?

Do Barack Obama and his minions have the world’s worst case of Munchausen by proxy syndrome?

What is it?

Munchausen by proxy syndrome is a relatively uncommon condition that generally involves the exaggeration or fabrication of illnesses or symptoms by a primary caretaker.  MBPS is named after Baron von Munchausen, an 18th-century German dignitary known for telling outlandish stories.

How was it Exposed in Obama?

For many years now in America, our nation’s neo-fascists have deliberately and systematically implemented numerous economic and social policies designed to make the nation sick or to convince others that the nation is sick. Then, by lying and reporting fictitious episodes, they have misled others into misguided thinking

in relation to the very problems that they themselves have created.  

Shockingly, this is exactly how Munchausen by proxy syndrome functions in an individual!

What about our National Watchdogs?

The tendency of this disease is to further intensify the problem by exaggerating, fabricating, or inducing additional symptoms.  As a result, the nation’s leaders, fellow citizens, and elected officials order hearings and investigations, try different types of remedies, and may even seek to centralize power and suspend the rights of citizens, while seizing control of health care, transportation, communication, and finance in attempt to determine the cause.  

Typically, the perpetrators feel satisfied by gaining the attention and sympathy of people who believe they are truly saints for working so selflessly to “fix” the nation’s problems. Some experts believe that it isn't just the attention that's gained from the "illness" of the nation that drives this behavior, but also the satisfaction in being able to deceive individuals whom they consider to be more important and more powerful than themselves into believing that they are the cure for the problem.

Because the perpetrators appear to be so caring and attentive, often no one suspects any wrongdoing.  A perplexing aspect of the syndrome is the ability of democratic leadership to fool and manipulate the nation’s citizens and watchdog organizations. Frequently, the perpetrator is familiar with the political profession and is very good at fooling the very electorate. Even the most experienced politicians can miss the meaning of the inconsistencies in the nation's symptoms. It's not unusual for media and watchdog personnel to overlook the possibility of such extreme malfeasance because it goes against the belief that a nation’s leader or elected officials would ever deliberately hurt his or her own country.

 

So What Happens to the Nation?

By and large, when confronted, the responsible party usually denies knowing how the crisis occurred.

Whatever the cause, the nation's symptoms — whether created or faked — don't happen when the Extreme Left is Not In Power, and they usually go away during periods when the President stops speaking and Congress is not in session.

The long-term prognosis for the nation depends on the degree of damage created by our politicians and the amount of time it takes the citizens to recognize and diagnose the condition.

 

Getting Help for the Nation

Of course the article written here is of the dramatic mode and theatrical genre known as a “farce”.

Unfortunately, the articles use of deliberate absurdity or nonsense is hardly distinguishable from the genuine facts of the matter…

As the nation’s condition and causes are increasingly self-evident, it is We the People who are the nation that is being victimized here.  Traditionally, the acceptable remedy is that if our leaders repeatedly deny the charges for which there is ample evidence, they should be swiftly removed from political office and legal action should be taken on the nation's behalf.

As with Munchausen by proxy syndrome, whenever the perpetrators are accused, the victim's symptoms appear to increase as the people who have been accused attempt to prove the autonomous presence of the condition by covertly exacerbating it. For these reasons, it's always advised that these cases be resolved quickly.

However, as with a farce, “The protagonist may get away with what he or she has been trying to hide at all costs, even if it is a criminal act involving crazy costumes”.  Wikipedia

 

Michael Robinson

Community News International

 

US Bailouts

Currently, the US Congress is debating a method of supplying nearly a trillion dollars of taxpayer funds into an ailing financial market. The true conflict exists between the social economic values of the Democratic Party which was hijacked by radical socialist movement of the 1960's and the Republican Party that favors free market capitalism.

Ever since the US took its currency off the gold standard, it's Treasury Department has routinely printed money as a form of adjustment against the pressures of other countries currency.  The Federal Reserve over-issuing its nations currency has in effect created money that does not exist and has lead to an annual inflation of liquidity.

Houses do not simply go up in value each year:  When it takes more money to buy the same house, it is obvious that the value of the money has gone down, but many Americans have bought into the Democratic Party's misleading retoric of socialist global reformation.

The country is in its Presidential election cycle where the nations citizens will choose a new President this November. The question is, will Americans choose the Neo-Marxist or the Moderate Republican...

While many Americans appear hungry for change, they fail to define exactly what specific "Change" they would like to see: When following after a political leader, it's important to consider that all throughout history every terrorist, revolutionary, and would-be dictator was seeking change.

We all know that freedom has a price:  But, in every transaction there is both a buyer and a seller:  If Freedom can be purchased for a price, then it can also be sold for a price:

What price are you willing to accept for YOUR FREEDOM ???


Government Sponsored Mortgage Mess

Over the weekend it was announced that the takeover of Fannie Mae, Freddie Mac was eminent...

As I followed the news reports over the past months, I was lead to believe that congress was discussing a financial bailout designed to prop-up certain financial short falls in the housing market.  But today I am left with the impression that our Government has devised some diabolical plan to invade and seize control of two private corporations which will in effect become the direct cause of as loss of billions of dollars to our nations citizens.

What is really going on here? 

My understanding is that across the entire housing industry only about 2% of homeowners with subprime and Alt-A loans are in the process of defaulting on their loans. It is commonly reported in the main stream media that this 2% default rate is the chief cause for a nation wide credit crisis, but I beg to differ...

According to the Federal Deposit Insurance Corp, the default rate of the housing industry is about half of the default rate in the great S&L crisis of the 1980's. And frankly, we're talking about an industry-wide loss, not simply a loss confined to the GSEs (government sponsored enterprises) where lending standards are much higher.

The national news reports that Fannie (FNM) and Freddie (FRE) have purchased from lending institutions about half of the nations outstanding mortgages, or about $5 trillion in home loans.  Even if we are to accept the raw data and believe that 2% of a minor industry segment has the power to corrupt an entire market, it is awful hard to swallow that Fannie and Freddie are bankrupt on account of it since internal loan standards kept Fannie and Freddie from all but barely touching the subprime and Alt-A loan market.
 
What I see is that the cause of the credit crisis in the housing market is due to under capitalized buyers purchasing more house than they can afford, and doing so at the lenders expense...

So, what caused this problem?

The original problem is that the banks have a finite amount of capital to lend. Once dispensed it takes numerous years before it can return to the bank to be lent-out again. F.D.R.'s plan was to create a central clearing house that would buy loans from the banks and sell them to investors, thereby immediately replenishing the banks capital by dispersing the debt to the investing populous.

The process begins with the lender who agrees to make a calculated risk:  He knows the value of materials contained in the property; he knows the demand for housing in the region; he knows his clients ability to repay the loan; and he is willing to take the risk. He requires a 20% down payment (or some credit worthy substitute), he requires insurance to protect against catastrophic loss, he buys the property and puts a lien on it.  And in about half the cases he sells the loan to Freddie Mac or Fannie Mae. The result is that the bank has been immediately paid or has a guarantee of being paid by the GSE.

In theory, even if 100% of the loans defaulted, the lender or GSE still has property equal to the loan value. But, in reality, the greater problem is manifested when the GSE forecloses on the property and discovers that the buyer and the lending institution have actually paid far more than the home is worth, leaving the GSE (and ultimately the American People) holding the bag...


The lesson here is that socialism does not work.

We cannot privatize the hope of profits while at the same time socializing the risk of losses.

Simple economy can illustrate that unlimited supply will result in unlimited demand.  When a government decides to back an industry, such as the housing market, the availability of unlimited funds will cause the marketplace to demand more and more of the resource.

But, in all cases, and in all nations, every government consists solely of "WE THE PEOPLE".  There is no escaping the fact that each and every government gets its power and wealth from the people.  When the people cry out for leadership and prosperity from the government, the government has no choice but to first acquire it from the people. Only then can it be given back to the people.

In the case of the US Housing Market, the individual purchases a mortgage from the bank, who sells the loan to the government, who sells the loan to the people at large, who then give back the money to the government via taxation, and the cycle repeats itself. But as the volume grows due to unlimited demand, so grows the need for greater taxation to feed the machine. The only other way to continue the cycle would be to print more money, thus diluting the currency and devaluing the money, resulting in greatly inflated market values.



What's the solution?

The solution is simple:  Keep government out of the citizens business, and let the marketplace resolve it's own issues.  

Rewrite corporate bankruptcy laws so that judges can no more raid investors to keep the business viable. If the business is not liquidated via bankruptcy and is allowed to continue, then I say that the investors ownership equity also remains viable. After all, how can any judge simply cancel someone's common stock in a company as though it were a common debt?  It is not a debt:  Stock ownership confirms the existence of an equity interest in a company, if a company remains viable, so does the investors equity interest in the company.

Likewise there is a problem with raiding the employees pension fund when a company faces bankruptcy. Such an act is absolutely felonious:  An employees pension fund is not a company debt that can be canceled; nor is it property that belongs to the business.  Rather, it is wages already earned by the employee and held in sacred trust by the company on the behalf of the employee.

Part of the solution is to change these corrupt bankruptcy laws...  If our laws would act to close the loopholes that unscrupulous judges, lawyers, and businessmen now use to escape the financial consequences of their poor business decisions people would begin to have confidence in a just marketplace and investments would come directly from the citizens to the institutions, rather than need be collected by the government and diverted to GSEs to garner an artificial confidence. Simply put, the government needs to quit guaranteeing private debt and allow market economics to run its course.

Unfortunately, in todays housing crisis, our governments financial guarantee was made long ago and people have staked their decisions on that  guarantee. We have no choice but to stand behind our promise...

Our government (or other investors) must LEND about $15 to $20 billion to Fannie & Freddie at a fair price.  Such an infusion of capital may dilute the company's value, but in reality it is only adding to the balance sheet what has already been lost. While the stocks may not produce a dividend in our remaining lifetime, it does not preclude the ability for the stocks to continue to trade well above the companies value. After all, if $60,000 worth of materials can be sold as a house for over $350,000.00 + interest and closing costs, anything is possible...

In cases where the ARM (adjustable rate mortgage) has increased beyond the ability for the borrower to repay his loan, keep the original rate and require the buyer to make his payments.  In cases where foreclosure is the only option, re-sell the property.  One mans loss is another mans gain, the cycle continues... Commercial banks must return to making solid loans on accurately appraised properties. GSEs must refuse to buy loans that do not meet strict standards. Over time, the new investments will pay for past mistakes.

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