WE SAID HE WAS PIMPING THE AMERICAN PEOPLE. DO YOU BELIEVE US NOW? BY LOBBYIST & MINISTER A.W. KHABIR

The next time you hear the President speak listen very carefully and see if you can detect if he’s more concerned about re-election than with avoiding default.

Is President Obama more worried about the U.S. defaulting on its debt obligations? Or is he more worried about being re-elected to a second term in 2012?

We say  and hear from the Presient’s own mouth that he is more worried about re-election that about default and the American people.

The president says he wants a deal on the debt ceiling, ( BULLSHIT) but he’s been unable to bring both parties together to agree on anything– even after days of closed door meetings. Republican House Speaker John Boehner walked out on talks with President Obama this weekend. He said he won’t negotiate with the president anymore and instead he will work directly with Senate Majority Leader Harry Reid. There’s a match made in heaven.

The president is in trouble. For starters, a lot of the people who elected him in 2008 aren’t so pleased with the job he’s doing.

An ABC News/Washington Post poll out today shows the number of liberal Democrats who support Obama on his jobs record has dropped from 53 percent last year to below a third.

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And the percentage of African Americans who feel the president has helped the economy and the jobs situation has plummeted from 77 percent to barely one-half.

***********************************************************************

One recent poll showed that any generic Republican would beat President Obama by eight percentage points if the election was held today.

I don’t know if you’ve noticed, but the current Republican field of presidential candidates leaves a lot to be desired.

Senator Bernie Sanders, an Independent from Vermont, said he thinks it would be a good idea for President Obama to face some primary opposition as we get closer to the election. The last incumbent president to face primary opposition was … ready? … Jimmy Carter.

Here’s my question to you: Is President Obama more concerned with his reelection than with the welfare of the country?

START SAVING ALL OF YOUR MONEY, THAT RAINY DAY HAS ARRIVIED. BECAUSE WE WILL DEFAULT (ON THE AMERCIAN PEOPLE). FROM LOBBYIST & MINISTER A.W. KHABIR

Sen. Harry Reid warned Thursday that a default “will affect every American’s wallet.”

If there is no agreement to raise the debt limit by Aug. 2, Reid said the outcome would be catastrophic, and not limited to the financial markets.

“It will affect every American’s wallet as well,” in the form of higher interest rates for mortgages, car payments, credit cards and student loans, said Reid, the Senate majority leader from Nevada

Social Security checks “would stop,” Reid said, along with veterans benefits and paychecks for the military.

His comment on Social Security echoed President Barack Obama, who said earlier this week he “cannot guarantee” checks would go out on Aug. 3.

“Payments on our national debt would stop,” Reid said. “American investments and retirement accounts could be decimated.

**********************************************************************

Millions of Americans could lose their jobs. Why because corporations need banks to give them loans to make payroll based on production and sales of products and services. And since the bank owns chunks of U.S. Government Securities, a default on these securities would mean that a bank that has $20 million in government bonds, that $20 million in default  by the issuer is now worthless. So the bank can’t lend the money because they are short. And if the employer can’t get a loan to make payroll he must let go of his employees. 

**********************************************************************

“They’ll even pay more for their electric bills, groceries and gas.

**********************************************************************

The spike in interest rates and the damage to the U.S. dollar alone could cost the average American family more than $1,500 immediately.”

Rep. Joe Heck, R-Nev., maintained Obama has the authority to prioritize who gets paid from incoming revenues.

“The reality is the decision on whether or not Social Security checks and veterans benefits are paid rests with the president and the Treasury secretary — not with Congress,” Heck said in a statement.

FOOD & GROCERY STORE PRICES WILL SOON GO UP AS A RESULT OF DEFAULT TALK. BY LOBBYIST & MINISTER A.W. KHABIR

Sen. Harry Reid warned Thursday that a default “will affect every American’s wallet.”

If there is no agreement to raise the debt limit by Aug. 2, Reid said the outcome would be catastrophic, and not limited to the financial markets.

“It will affect every American’s wallet as well,” in the form of higher interest rates for mortgages, car payments, credit cards and student loans, said Reid, the Senate majority leader from Nevada

Social Security checks “would stop,” Reid said, along with veterans benefits and paychecks for the military.

His comment on Social Security echoed President Barack Obama, who said earlier this week he “cannot guarantee” checks would go out on Aug. 3.

“Payments on our national debt would stop,” Reid said. “American investments and retirement accounts could be decimated.

**********************************************************************

Millions of Americans could lose their jobs. Why because corporations need banks to give them loans to make payroll based on production and sales of products and services. And since the bank owns chunks of U.S. Government Securities, a default on these securities would mean that a bank that has $20 million in government bonds, that $20 million in default  by the issuer is now worthless. So the bank can’t lend the money because they are short. And if the employer can’t get a loan to make payroll he must let go of his employees. 

**********************************************************************

“They’ll even pay more for their electric bills, groceries and gas.

**********************************************************************

The spike in interest rates and the damage to the U.S. dollar alone could cost the average American family more than $1,500 immediately.”

Rep. Joe Heck, R-Nev., maintained Obama has the authority to prioritize who gets paid from incoming revenues.

“The reality is the decision on whether or not Social Security checks and veterans benefits are paid rests with the president and the Treasury secretary — not with Congress,” Heck said in a statement.

EVERYONE IS GOING TO SUFFER IF THE U.S. DEFAULTS. BY LOBBYIST & MINISTER A.W. KHABIR

Sen. Harry Reid warned Thursday that a default “will affect every American’s wallet.”

If there is no agreement to raise the debt limit by Aug. 2, Reid said the outcome would be catastrophic, and not limited to the financial markets.

“It will affect every American’s wallet as well,” in the form of higher interest rates for mortgages, car payments, credit cards and student loans, said Reid, the Senate majority leader from Nevada

Social Security checks “would stop,” Reid said, along with veterans benefits and paychecks for the military.

His comment on Social Security echoed President Barack Obama, who said earlier this week he “cannot guarantee” checks would go out on Aug. 3.

“Payments on our national debt would stop,” Reid said. “American investments and retirement accounts could be decimated.

**********************************************************************

Millions of Americans could lose their jobs. Why because corporations need banks to give them loans to make payroll based on production and sales of products and services. And since the bank owns chunks of U.S. Government Securities, a default on these securities would mean that a bank that has $20 million in government bonds, that $20 million in default  by the issuer is now worthless. So the bank can’t lend the money because they are short. And if the employer can’t get a loan to make payroll he must let go of his employees. 

**********************************************************************

“They’ll even pay more for their electric bills, groceries and gas.

**********************************************************************

The spike in interest rates and the damage to the U.S. dollar alone could cost the average American family more than $1,500 immediately.”

Rep. Joe Heck, R-Nev., maintained Obama has the authority to prioritize who gets paid from incoming revenues.

“The reality is the decision on whether or not Social Security checks and veterans benefits are paid rests with the president and the Treasury secretary — not with Congress,” Heck said in a statement.

DO AMERICANS HAVE GROUNDS TO IMPEACH PRESIDENT OBAMA FOR DERELECTION OF DUTY. FROM LOBBYIST & MINISTER A.W. KHABIR

The next time you hear the President speak listen very carefully and see if you can detect if he’s more concerned about re-election than with avoiding default.

Is President Obama more worried about the U.S. defaulting on its debt obligations? Or is he more worried about being re-elected to a second term in 2012?

We say  and hear from the Presient’s own mouth that he is more worried about re-election that about default and the American people.

The president says he wants a deal on the debt ceiling, ( BULLSHIT) but he’s been unable to bring both parties together to agree on anything– even after days of closed door meetings. Republican House Speaker John Boehner walked out on talks with President Obama this weekend. He said he won’t negotiate with the president anymore and instead he will work directly with Senate Majority Leader Harry Reid. There’s a match made in heaven.

The president is in trouble. For starters, a lot of the people who elected him in 2008 aren’t so pleased with the job he’s doing.

An ABC News/Washington Post poll out today shows the number of liberal Democrats who support Obama on his jobs record has dropped from 53 percent last year to below a third.

************************************************************************

And the percentage of African Americans who feel the president has helped the economy and the jobs situation has plummeted from 77 percent to barely one-half.

***********************************************************************

One recent poll showed that any generic Republican would beat President Obama by eight percentage points if the election was held today.

I don’t know if you’ve noticed, but the current Republican field of presidential candidates leaves a lot to be desired.

Senator Bernie Sanders, an Independent from Vermont, said he thinks it would be a good idea for President Obama to face some primary opposition as we get closer to the election. The last incumbent president to face primary opposition was … ready? … Jimmy Carter.

Here’s my question to you: Is President Obama more concerned with his reelection than with the welfare of the country?

WHAT AFRICAN AMERICANS ARE SAYING ABOUT THE PRESIDENT AND DEFAULT. LOBBYIST & MINISTER A.W. KHABIR

The president is in trouble. For starters, a lot of the people who elected him in 2008 aren’t so pleased with the job he’s doing.

An ABC News/Washington Post poll out today shows the number of liberal Democrats who support Obama on his jobs record has dropped from 53 percent last year to below a third.

************************************************************************

And the percentage of African Americans who feel the president has helped the economy and the jobs situation has plummeted from 77 percent to barely one-half.

***********************************************************************

The next time you hear the President speak listen very carefully and see if you can detect if he’s more concerned about re-election than with avoiding default.

Is President Obama more worried about the U.S. defaulting on its debt obligations? Or is he more worried about being re-elected to a second term in 2012?

We say  and hear from the Presient’s own mouth that he is more worried about re-election that about default and the American people.

The president says he wants a deal on the debt ceiling, ( BULLSHIT) but he’s been unable to bring both parties together to agree on anything– even after days of closed door meetings. Republican House Speaker John Boehner walked out on talks with President Obama this weekend. He said he won’t negotiate with the president anymore and instead he will work directly with Senate Majority Leader Harry Reid. There’s a match made in heaven.

One recent poll showed that any generic Republican would beat President Obama by eight percentage points if the election was held today.

I don’t know if you’ve noticed, but the current Republican field of presidential candidates leaves a lot to be desired.

Senator Bernie Sanders, an Independent from Vermont, said he thinks it would be a good idea for President Obama to face some primary opposition as we get closer to the election. The last incumbent president to face primary opposition was … ready? … Jimmy Carter.

Here’s my question to you: Is President Obama more concerned with his reelection than with the welfare of the country?

PRESIDENT OBAMA MORE CONCERNED WITH RE-ELECTION THAN WITH WITH THE DEFAULT & SAVING SOCIAL SECURITY, RETIREMENT, AMERICAN JOBS & MORE. BY LOBBYIST & MINISTER A.W. KHABIR

The next time you hear the President speak listen very carefully and see if you can detect if he’s more concerned about re-election than with avoiding default.

Is President Obama more worried about the U.S. defaulting on its debt obligations? Or is he more worried about being re-elected to a second term in 2012?

We say  and hear from the Presient’s own mouth that he is more worried about re-election that about default and the American people.

The president says he wants a deal on the debt ceiling, ( BULLSHIT) but he’s been unable to bring both parties together to agree on anything– even after days of closed door meetings. Republican House Speaker John Boehner walked out on talks with President Obama this weekend. He said he won’t negotiate with the president anymore and instead he will work directly with Senate Majority Leader Harry Reid. There’s a match made in heaven.

The president is in trouble. For starters, a lot of the people who elected him in 2008 aren’t so pleased with the job he’s doing.

An ABC News/Washington Post poll out today shows the number of liberal Democrats who support Obama on his jobs record has dropped from 53 percent last year to below a third.

************************************************************************

And the percentage of African Americans who feel the president has helped the economy and the jobs situation has plummeted from 77 percent to barely one-half.

***********************************************************************

One recent poll showed that any generic Republican would beat President Obama by eight percentage points if the election was held today.

I don’t know if you’ve noticed, but the current Republican field of presidential candidates leaves a lot to be desired.

Senator Bernie Sanders, an Independent from Vermont, said he thinks it would be a good idea for President Obama to face some primary opposition as we get closer to the election. The last incumbent president to face primary opposition was … ready? … Jimmy Carter.

Here’s my question to you: Is President Obama more concerned with his reelection than with the welfare of the country?

U.S. SENATOR HARRY REID SAYS DEFAULT WOULD AFFECT ALL (AMERICANS & THE WORLD) OF US, THOSE ON SSDI, RETIREMENT, VETERANS PENSIONS, MEDICARE, MEDICAID, WEFARE, GAS PRICES, GROCERY STORE PRICES, COURTS, LONG LINES, CITY, COUNTY & STATE SERVICES, EMPLOYERS, WORKERS, MILLIONS WOULD LOSE THEIR JOBS. NO ONE WILL GO WITHOUT SEEING SOME PAIN. BY LOBBYIST & MINISTER A.W. KHABIR

Sen. Harry Reid warned Thursday that a default “will affect every American’s wallet.”

If there is no agreement to raise the debt limit by Aug. 2, Reid said the outcome would be catastrophic, and not limited to the financial markets.

“It will affect every American’s wallet as well,” in the form of higher interest rates for mortgages, car payments, credit cards and student loans, said Reid, the Senate majority leader from Nevada

Social Security checks “would stop,” Reid said, along with veterans benefits and paychecks for the military.

His comment on Social Security echoed President Barack Obama, who said earlier this week he “cannot guarantee” checks would go out on Aug. 3.

“Payments on our national debt would stop,” Reid said. “American investments and retirement accounts could be decimated.

**********************************************************************

Millions of Americans could lose their jobs. Why because corporations need banks to give them loans to make payroll based on production and sales of products and services. And since the bank owns chunks of U.S. Government Securities, a default on these securities would mean that a bank that has $20 million in government bonds, that $20 million in default  by the issuer is now worthless. So the bank can’t lend the money because they are short. And if the employer can’t get a loan to make payroll he must let go of his employees. 

**********************************************************************

“They’ll even pay more for their electric bills, groceries and gas.

**********************************************************************

The spike in interest rates and the damage to the U.S. dollar alone could cost the average American family more than $1,500 immediately.”

Rep. Joe Heck, R-Nev., maintained Obama has the authority to prioritize who gets paid from incoming revenues.

“The reality is the decision on whether or not Social Security checks and veterans benefits are paid rests with the president and the Treasury secretary — not with Congress,” Heck said in a statement.

WHY THE U.S. FEDERAL GOVERNMENT MUST PAY GOVERNMENT BONDS & NOT SOCIAL SECURITY, VETERANS PENSIONS, MEDICARE, MEDICAID AND MORE. BY LOBBYISTS & MINISTER A.W. KHABIR

BECAUSE OUR BILLS FOR THE MONTH OF AUGUST 2011 TOTAL SOME $306. BILLION DOLLARS AND WE AS A NATION FOR THE MONTH OF AUGUST 2011 WILL ONLY TAKE IN $172 BILLION WE AS A COUNTRY HAVE A SHORT FALL OF CASH FOR THE MONTH OF AUGUST (PROBABLY LONGER) OF $234 BILLION.

IF YOU’VE EVER HEARD THE REAL ESTATE TERM UPSIDE DOWN, WE AS A COUNTRY ARE UPSIDE DOWN BECAUSE WE OWE MORE THAN WE TAKE IN.

A TRIPLE A (AAA) RATING IS WHAT AAMERICA HAS HAD FOR ITS CREDIT RATING, BUT TO NOT PAY THE BONDS HELD BY WORLD COUNTRIES, CORPORATIONS & THE WEALTHY, WOULD DROP THE U.S. CREDIT RATING FROM AAA TO PERHAPS BBB, B, CCC OR C.

IF YOU REMEMBER THE GREAT MICHAEL MILKEN, (DREXEL, BURNHAM, LAMBERT) WHO SOLD JUNK BONDS, (AKA, JUNK BOND KING) WELL THE KIND OF PAPER HE WOULD SELL TO INVESTORS WOULD BE THAT OF COMPANIES THAT LOST THEIR STERLING AAA RATING. THOSE BONDS THAT MICHAEL MILKEN SOLD WERE CALLED “JUNK BONDS.”

AMERCIA CAN’T AFFORD NOT TO PAY THE INTEREST ON ITS BONDS AND OTHER SECURITIES LEST THE WORLD SEE THE AMERICAN INVESTMENT INSTRUMENTS AS JUNK.  AND NOBODY REALLY WANTS TO BUY JUNK THAT THEY CAN’T SELL.

In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade at the time of purchase. These bonds have a higher risk of default or other adverse credit events, but typically pay higher yields than better quality bonds in order to make them attractive to investors.

The holder of any debt is subject to interest rate risk and credit risk, inflationary risk, currency risk, duration risk, convexity risk, repayment of principal risk, streaming income risk, liquidity, default risk, maturity risk, reinvestment risk, market risk, political risk, and taxation adjustment risk. Interest rate risk refers to the risk of the market value of a bond changing in value due to changes in the structure or level of interest rates or credit spreads or risk premiums.

The credit risk of a high-yield bond refers to the probability and probable loss upon a credit event (i.e., the obligor defaults on scheduled payments or files for bankruptcy, or the bond is restructured), or a credit quality change is issued by a rating agency including Fitch, Moody’s, or Standard & Poors.

A crerdit rating agency attempts to describe the risk with a credit rating such as AAA. In North America, the five major agencies are Standard & Poor’s, Moody’s, Fitch Ratings, Dominion Bond rating Service & A.M. Best.

Bonds in other countries may be rated by US rating agencies or by local credit rating agencies. Rating scales vary; the most popular scale uses (in order of increasing risk) ratings of AAA, AA, A, BBB, BB, B, CCC, CC, C, with the additional rating D for debt already in arrears. Government bonds and bonds issued by government sponsored enterprises (GSE’s) are often considered to be in a zero-risk category above AAA; and categories like AA and A may sometimes be split into finer subdivisions like “AA−” or “AA+”.

Bonds rated BBB− and higher are called investment grade bonds.

Bonds rated lower than investment grade on their date of issue are called speculative grade bonds, derisively referred to as “junk” bonds.

U.S. TREASURY DECIDING RIGHT NOW TO PAY GOV’T BONDS OVER SOCIAL SECURITY, VETERANS CHECKS, MEDICARE, MEDICAID, FEDERAL CONTRACTORS AND MUCH MORE. BY LOBBYIST & MINISTER A.W. KHABIR

The U.S. Treasury Department is deciding today and Sunday which bills to pay and those that won’t get paid.

The reason for this is that at 1:am Saturday the U.S. Senate rejected the House of Representatives Republican plan.

THE SENATE SHOULD HAVE ACCEPT THIS PLAN TO SAVE THE AMERICANS, BECAUSE HE WHO CONTROLS THE GOLD CONTROLS THE SHOW. AND SINCE THE REPUBLICANS CONTROL THE HOUSE OF REPRESENTATIVES AND THE GOLD THE DEMOCRATS ARE REFUSING TO BEND AND THAT IS WHY ALL AMERICANS WILL SUFFER.

So now Democrats & Republicans are in office on Saturday & Sunday trying to determine what to pay and what not to pay.

In order not to default and be seen by the world as a credit risk for the billions invested in America by other countries the U.S. Treasury Department will pay the $29 billion on U.S. bonds for interest payments.

But inorder to make this payment the Treasury department must determine whick bills it won’t pay.

August 2011 invoices for the U.S. are as follows, interest in Treasury Securities is $29 billion, Social Security Benefits are $49.2 billion, Medicare is 28.6 billion, Medicad is $21.4 billion, Defense vendor (companies that make our military equipment) payments are $31.7 billion and Unemployment insurance benefits are $12.8 billion.  

August invoices total $306.7 and the U.S. will only make $172.4 billion from August 3, 2011 to August 31, 2011.

So we as a nation are $234 billion to $235 billion dollars short from paying our August 2011 bills.

And this is why the President, Democrats, Republicans and the U.S. Treasury Department are working today, Saturday and Sunday to determine what won’t get paid.

Now its is possible the U.S. Senate & the U.S. House of Representatives could by the Grace of God reach a deal to borrow money which would pay all of the August 2011 billis.

BUT IF THIS DOESN’T HAPPEN BY OR BEFORE AUGUST 1, 2011, WHICH IS LESS THAN 48 HOURS GET READY FOR A FINANCIAL STRUGGLE IN AMERICAN LIKE THAT OF 1933 DEPRESSION.

The U.S. government, whose legal authority to borrow money expires on or about Aug. 2, expects to take in $172.4 billion next month — enough to cover little more than half of its bills due then, according to a study for the Bipartisan Policy Center, a research organization.

The U.S. may not have to default on outstanding debts or withhold interest payments for that month; it may be able to cover $29 billion in anticipated interest due on Treasury securities with its cash receipts.

After that, the choices become more difficult. The accompanying chart shows the bills coming due and enables the user to pick which ones to pay with the funds available.

Jay Powell, undersecretary of the Treasury for Finance under President George H.W. Bush, calculated for the policy center that $306.7 billion in bills will come due after Aug. 2.

They include Social Security benefits, defense vendor payments and military active duty pay, along with federal pay for every department and agency, in addition to the interest payments.

“The government would be faced with a series of unattractive options and have to prioritize what bills are and are not paid.

Deciding which bills to pay — and which to ignore — may involve many scenarios, Powell said.

For example, if the cash shortage begins on Aug. 3, as projected by Treasury, the government may find itself unable to make a $23 billion Social Security payment due to go out that day.