Paulson

 "While SCF is marketed as primarily the avoidance of transactions involving interest and also includes a prohibition on investing in vice industries, this appearance ignores the reality of Shari'ah as determined by the contemporary and authoritative historical Shari'ah scholars. With a modicum of due diligence, one learns that the SCF black box fails to disclose the fact that leading Shari'ah authorities have issued authoritative Shari'ah legal rulings calling for violent Jihad against the non-Muslim world. As such, SCF presents U.S.

Sen. James Inhofe (R-OK) was recently on the "The Pat Campbell Show" on 1170 KFAQ, a radio station in Tulsa, Oklahoma.  During the call, he divulged details of a conference call between US Senators and Treasury Secretary Henry Paulson from mid-September.  According to Inhofe, this conference call is where the threats of economic collapse, civil unrest, and the potential for martial law originated:

"When it comes to money and markets, the worst thing we can do is act like sheep," is how the tagline from "Broke: The New American Dream" starts.  Broke is a new documentary from director Michael Covel which looks at the economy, investing, and retirement in a unique and humorous way.  Covel attempts to cut through the media gloss from talking heads that tell us "everything is ok" and "we've reach the bottom, so time to buy!".  The trailer is below:

Investor Jim Rogers was on Bloomberg this past week to discuss the economy, global recession, and the actions being taken by the Federal Reserve.

His opinion has been, and continues to be, the world bankers and Federal Reserve are creating more harm than good.  Rather than letting poor performing companies go out of business, they are propping them up to create a small amount of incremental prosperity.  This leads to short term benefit, but significant problems in the future:

As reported in the New York Times today, the chief executives of the nine largest banks met at the Treasury Department to have a meeting with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke.

All the scare tactics of the Treasury Department and the Federal Reserve focused on needing to push the $700 billion through Congress to buy "distressed mortgages" and "ease the credit markets".  So what has the US Government decided to use the first $250 billion of bailout money to purchase?  Direct stock in banks:

Are we starting to reach a snowball effect with the stock market?  Today the Dow Jones Industrial Average fell below 9,000 for the first time in five years.  The primary driver of the recent drop was an announcement by Standard & Poor's Services that General Motors will be put under review to determine if its credit rating should be cut.

http://biz.yahoo.com/ap/081009/wall_street.html

While the House of Representatives continues to discuss the bailout bill, the Senate took the opportunity to vote on a revised version of it. 

The Emergency Economic Stabilization Act of 2008 is an amendment to HR 1424, the Paul Wellstone Mental Health and Addiction Equity Act of 2007.  How ironic that Congress uses a "mental health" bill to push a bailout plan.  I think after all this is through there are going to be more than a few members of the House and Senate which need mental checkups!

The roll call for the bailout package vote on September 29 was just publicly released.  I urge all of you on election day (November 4) to consider this roster closely when going into the voting booth. 

Those who voted "Yes" on bill H.R. 3997 were willing to give away billions of taxpayer dollars despite strong opposition against it. Some have said this was the most vociferious opposition to a bill expressed by the electorate since the time leading up to the military activities in Iraq in 2002. 

In a stunning development, the House of Representatives has voted against the bailout package, by a vote of 228-205.  Everyone expected the bill to fly through without challenge, but more than two-thirds of Republicans voted against it and 40 percent of Democrats.

http://news.yahoo.com/s/ap/20080929/ap_on_bi_ge/financial_meltdown

The Dow Jones in response has dropped nearly 700 points, and the NASDAQ has shed nearly 8 percent.