The Liberty Tree Lantern

Dear readers:

When you read the following article, look at how the UAW, people who get upto and above $100,000.00/month and all the free full healthcare insurance and age 48 retirement programs, with full healthcare insurance, that you can imagine; except now it does not only come out of our cost of buying a car, now it comes DIRECTLY out of our earnings in the form of Federal “Withholding”. 

How many of us taxpayers don’t have any form of health insurance because it is far to costly?  How many of us wonder if we can ever retire, much less retire on a “kings ransom” pension program?  Well now, the UAW workingman is sucking out of our earnings, even though we can’t afford it for ourselves.

You say that Obama is going to give us “FREE” health insurance?  Have you checked out how that is working in France, anywhere in Europe or even Canada?  It isn’t even coming close to working at all.  And where do you think the money is coming from to pay for all of this “FREE” health insurance?   Are we going to pull another “Bernie Madoff” ponzi scheme like we are with Social Security and Medicare which, over the infinite horizon, is $90 TRILLION DOLLARS in UNFUNDED liabilities for those two programs ALONE?  Why oh why do people honestly believe that they can get “free” stuff from our Federal Government?

Mark the words of this ol’Capt. Karl.  The MATRIX, otherwise known as our economy that only exists in our minds because we are stupid enough to honestly believe and accept that the dollar is worth a dollar, when in the “real” world it is little more than Monopoly money, is going down in less than three years, could be as little as one year.  When I say it will end I mean America will look like the movie called “The Day The Earth Stood Still”.  Everything will stop because the dollar will be revalued by the natural economic forces of “Natural Law” to its true value of  2 – 3 cents each.  Gasoline will cost $100.00/gallon because the dollar will be worth so little, cars will literally stop in the streets, just like in the movie the Earth stood still as they will run out of affordable fuel.  Bread will cost $67.00 a loaf.

And, Obama will have the guts to give us “THE FINAL ULTIMATUM” to give up our freedom, liberty and the Constitution for a One World utopian U.N. style government which will foment the prison that we cannot taste or see or touch. A prison for our minds.   The MATRIX.  The Matrix is everywhere. It is all around us. Even now, in this very room. You can see it when you look out your window or when you turn on your television. You can feel it when you go to work… when you go to church… when you pay your taxes. It is the world that has been pulled over your eyes to blind you from the truth.   What truth?  That we are slaves.  Like everybody else you were born into bondage in a make believe world created by Godless Monopoly money which provides the tyrants in all three branches of Government the power to manipulate and control us with our own money.  

When Obama gives us “THE FINAL ULTIMATUM” we must have the guts to tell him to go to that place of which he and his minions of the darkside belong.  We must let The MATRIX collapse, suffer a few years of hardship and rebuild our sovereign and independent States with hard work and in accordance with our LAWS that We The People did establish and ordain on our State and Federal Governments to protect our life, liberty, pursuit of happiness and all of our unalienable rights bestowed upon us by our divine creator, which NO MERE government can take away from us unless we let them.

Wake UP people!  Think for yourselves.  Take the RED pill and see “The MATRIX” for what it really is and where we will end up permanently if we do not let it collapse and rebuild in accordance with our LAWS as written in The Constitution of The United (but separate sovereign independent) States of America.

Freedom is the greatest wealth generating machine for the vast majority of average common folk and INDIVIDUALS that has ever existed.  Only through FREEDOM (from Government) but under “NATURAL LAW” as per The Constitution and the 28 Principles of Freedom as written in the book “The 5000 Year Leap” will we regain our prosperity, happiness and individual power and our rights.

Look at the new ways and the newly created Government car company bureaucracy, in the following article, in which our Federal Government is stealing money and earnings away from each one of us and giving it to others.  No part of government, including car company divisions, ever voluntarily reduces itself in size. So government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we’ll ever see on this earth!  And why not, they all live on our taxpayer dime, one way or the other.

How long do you think it will be before the Federal Government has to start collecting / withholding more from your paycheck to pay for all of this?  Do you know that the Federal Government is very seriously considering a 25% sales tax on most everything you buy, in addition to your income taxes?  Where in The Constitution does it allow the Federal Government to take money from American workers earnings and give it to huge companies and their employees who are making as much as $100,000.00 per year plus benefits we can’t even imagine in our lifetimes?

Just think, if GM (Government Motors) loses money because of the UAW legacy costs, wages, health insurance benefits, pension benefits and not even being able to be fired, like all the other Public SERPENTS working for the Government, they can always just take some more out of our paychecks in the form of Federal Withholding and payroll taxes.  Gee, Isn’t that special?   – -  Capt. Karl

  By Greg Miles and Caroline Salas

May 29 (Bloomberg) — U.S. taxpayers may stand to lose the most in a General Motors Corp. bankruptcy, said Edward Altman, a professor at New York University’s Stern School of Business.

“The bill is now up to $50 billion or more, which is what we said would be needed, but the government should be first in line,” Altman said today on Bloomberg Television. “The government will now have stock in the company, more than 72 percent. It is a big uncertainty if the company will do well. The potential biggest loser, unfortunately, is the U.S. taxpayer.”

The largest U.S. automaker plans to file for bankruptcy protection June 1, according to people familiar with the matter. The U.S. will fund GM’s reorganization with about $50 billion, including the automaker’s existing $19.4 billion in federal loans, the company said in a statement.

GM, contemplating a sale of assets to a new company through bankruptcy, would give 72.5 percent of GM’s equity to the U.S. Treasury, 17.5 percent to a union health trust, and a 10 percent stake to the old GM to pay bondholders and other creditors, the Detroit-based automaker said yesterday in a filing.

The filing details the debt to be owed by the “new GM,” which consists of $8 billion in new loans from the U.S. Treasury, $2.5 billion owed to the United Auto Workers union fund and $6.5 billion in other borrowings. The Treasury will also get $2.5 billion in preferred shares that pay a 9 percent annual dividend. Debt ranks before equity for repayment in a company’s capital structure.

Treasury Conversion

The Treasury would convert more than $50 billion of debt, up from a previous consideration of at least $10.7 billion, into common shares, preferred stock and warrants under the plan, GM said.

Altman, the creator of the Z-Score formula that calculates a company’s probability of bankruptcy, said he’s concerned that GM’s struggles may persist even after emerging from bankruptcy. The company has had almost $88 billion in losses since 2004.

“There are a disturbing number of Chapter 22s, where they have to file again within five years because it did not work and they either have too much debt or haven’t fixed the operational problems,” Altman said. “GM will fix the debt. The question is, will the economy permit them to do it? I have great doubts that will happen.”

Tom Wilkinson, a spokesman for GM, declined to comment.

Bondholder Agreement

GM said yesterday it reached an agreement with some of its largest bondholders to smooth the way through bankruptcy. After rejecting an offer to swap their debt for a 10 percent stake, a bondholder group representing 20 percent of the $27.2 billion in principal agreed to support the terms of the new plan. GM sweetened the deal, proposing bondholders get warrants for as much as 15 percent more equity if they supported the government’s plan.

The U.S. has “done a remarkable job” preparing GM for bankruptcy, Altman said. “Six months ago, I would never have thought that a company as large and complex” could go through bankruptcy quickly, he said.

Altman said the United Auto Workers union represents “the big winners” in GM’s bankruptcy. A UAW health-care trust was offered $6.5 billion in preferred stock that pays a 9 percent dividend and a $2.5 billion note in addition to their 17.5 percent equity stake for their $20 billion in claims.

“It could have been much worse for them,” Altman said.