News & Analysis
Obama's Secret 'Green' Bank Exposed
The Secret Government Bank That's Financing More Solyndras ... Sitting at the center of the Solyndra scandal is an off-balance-sheet bank at the Treasury Department that dates back to 1973. This little-known government bank, the Federal Financing Bank [FFB], had a zero balance in 2008 for green energy projects, but now, with little Congressional oversight, it is giving out billions of dollars in loans to White House pet projects often at dirt-cheap interest rates below 1%. – Fox
Dominant Social Theme: Money is really necessary to save the world in so many ways.
Free-Market Analysis: It is not enough that the US Federal government is in cahoots with other countries to foist phony global warming policies on its long-suffering citizens. It has also set aside (according to Fox, see above) some $61 billion in assets in a secret government bank.
This is surely a dominant theme of sorts. The government declares that "green" companies are in good odor with Americans and then ensures that they are created with a bank of its own. Talk about a self-fulfilling prophecy.
Of course, this is part of a larger power elite script. The Anglosphere elites who want to take over the world use various fear-based promotions to frighten Western middle classes into giving up power and wealth to international facilities such as the UN, IMF, World Bank, etc. This strengthens global control and brings closer a one-world order.
A central theme of the elites is that carbon dioxide is making the world uninhabitable for human beings. Although manmade carbon dioxide makes up only a few percent of the larger atmosphere-clogging water vapor that forms over the earth, those who promote this sort of propaganda claim that it is the manmade stuff that puts the climate change over the top.
It's nonsense, of course. Weather forecasters have trouble predicting weather two days out or even for the coming season, much less making predictions about the interactions between weather and earth decades hence. But it is necessary to promote the farce if one wants to justify continued control of culture and consumerist society.
Global warming can be used to justify so many things: Smart meters, carbon trading, Green industry. This last is very important to the elites because they eventually want to substitute ill-performing and expensive technology for relatively cheap and efficient oil and gas.
This bank, authorized by Congress in one form or another, according to Fox, "lent nearly three quarters of a billion dollars in taxpayer funds with no Congressional checks and balances." Here's some more from the article:
Plus the bank is funding the insolvent U.S. Post Office; the White House's expensive green car projects at Ford Motor, Nissan and Tesla Motors; a $485 million loan to an expensive solar project that's lost $160 million over the last three years that's backed by Google, BP and Chevron; plus the FFB is funding the teetering HOPE housing bailout program, which gives delinquent mortgage borrowers breaks on their loans.
And according to KPMG's audit report of the bank, the FFB is losing billions of dollars in taxpayer money because it is forgoing collecting interest costs on already inexpensive loans that are financing projects at agencies like the Agriculture Dept.
What's scary for taxpayers is this: The FFB can borrow unlimited amounts of taxpayer money from the Treasury for these kinds of political pet projects. Under the 1973 "FFB Act, the bank may, with the approval of the Secretary, borrow without limit from the Treasury," says the bank's audited statements from KPMG.
So what's being done about this "suddenly discovered" FFB? The article tells us that the Treasury Department's inspector general is now investigating the bank over its $528 million loan to Solyndra. In fact, we learn that Solyndra was still getting loans from the FFB right until bankruptcy.
And then there is this: "In the month of July alone, the FFB gave a $12.5 million loan to Abound Solar; 60% of Abound's balance sheet will come from federal taxpayers, or $400 million in guaranteed federal loans ... FFB also gave a $117,330 loan to the struggling Kahuku Wind Power and more than $77 million to the Solar Partners companies, which are due $485 million in White House approved loans."
On and on. The bank gives out loans to US manufacturers to encourage green technology of every sort, including green cars. Ford alone, we learn, received some $160 million. Fisker Automotive, Nissan North America and Tesla Motors have received a total of $528.6 million (including hundreds of billions of "loans") at rates as low as 0.8% per quarter.
At this point, given the extensive involvement that the government has with the private sector, one begins to be reminded of the Soviet Union. First bureaucrats identify a promotional story line and then they fund it. This isn't much different than those five-year plans that USSR's politburo used to issue.
This exposure of some of the secret projects the Obama administration is funding takes place just as another batch of climate-related emails were released via "read me" file now circulating among "climate skeptics."
The emails have been labeled as "pathetic" because they do not seem to provide more news about the ways in which warm-ist scientists have acted together to foist this meme on unsuspecting people. In fact, there is probably little to add.
A small clique of scientists working directly or indirectly for the powers-that-be have taken it upon themselves to advance this idiocy to enhance elite control over everybody's lives. These individuals operated in a kind of criminal clique, it seems to us. Cabals are not all-inclusive. They tend to be run by the same people, year-to-year. Here are some other articles we've written on the issue:
Climategate – Worst Scientific Scandal Ever?
How clear does it need to be, dear reader? A small, mafia-like clique that controls central banks and has unlimited money to spend is trying to maintain and expand control over the world. They operate via a series of conspiracies and they are abetted by associates and enablers such as those scientists who promote the fallacies of "climate change" and "global warming."
As it is not enough to promote memes, this clique develops sixty billion-dollar slush funds via its bureaucrat associates. They dole out the money using ideological parameters. That's all FFB really is. You can call it a bank, but it is a private, hidden-away pool of money that Obama could give out to certain "chosen ones."
Conclusion: The idea was to create an industry of "green companies" that would fit with the larger meme about energy scarcity, peak oil and global warming. The promotion was to be that people were "doing something" about these horrible trends. The propaganda was to come via the mainstream media that would use these faux companies as examples of green enlightenment and perhaps as fodder for Obama's election campaign. There is nothing much enlightening about them, however: They are a false dawn.
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Posted by amanfromMars on 11/23/11 02:50 PM
And whenever all your scams fail and your currency is valued as worthless, try to start another war appears to be an idiots' game plan? ... ... ... . Click to view link
Certainly there is no shortage of them, but they always self destruct whenever operations back fire and there is no back up support.
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Posted by Abu Aardvark on 11/23/11 03:09 PM
DB: "Global warming can be used to justify so many things"
------------------
Well, not anymore ...
"Climategate 2.0: the most damning email of them all"
Click to view link
"Uh oh, global warming loons: here comes Climategate II!"
Click to view link
"Climategate 2.0"
Click to view link
"Breaking news: FOIA 2011 has arrived !"
Click to view link
Another brilliant article, BTW, DB!
Reply from The Daily Bell
Thanks, and thanks for the links ...
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Posted by taxesbyanyothername on 11/23/11 03:55 PM
Exposed and exposed and exposed, how much does it take? Surely they won't stop. They will just twist it another way. Hey look what this hand is doing. It is alot of money, but compared to wellfare/warfare/bailout it isn't much. At least not yet. Thanks for the heads up. Good links all. More and more obvious that DB's thesis is correct. I must hang my head in shame. But maybe not for long, they may hang all.
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Posted by Bluebird on 11/23/11 07:39 PM
Looks like 10 people rated this article and 3 comments. Where is the outrage, America? You allow this by your silence. It is robbery! It is treachery! Wake up!
Thank you Daily Bell for your hard work. I love you guys. I don't know if elves celebrate Thanksgiving, but when I give thanks tomorrow it will include you.
Reply from The Daily Bell
Thanks, Bluebird.
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Posted by igs on 11/23/11 10:01 PM
well done, great source of information. thanks
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Posted by LloydMiller on 11/24/11 08:05 AM
More likely, the Rockefeller/Saudi faction of big oil wants to prevent exploration and development of petroleum resources so as to keep the price of oil and their profits high. Big Oil profits and Saudi revenue track each other. Systematic anti-oil regulation does the trick and "green energy" projects are NOT MEANT TO SUCCEED, but to rationalize the anti-oil regulations, ie. a "good, clean" answer is coming which justifies the anti-oil policies.
Reply from The Daily Bell
This is interesting, though we tend to disagree. There are plenty of ways to hike the price of oil. In fact, we think the power elite CONTROLS the price of oil to a large degree. We also don't think the Anglosphere elites care much about money. They control central banking around the world and can print what they wish, basically. Finally, whether these ventures fail or not, they are intended to give rise to a kind of phony green economy filled with gullible people that adopt these approaches and are easy to manipulate.
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Posted by LloydMiller on 11/24/11 08:41 AM
The direct beneficiaries of the "green largess" from the US Treasury is not primarily the Rockefeller-Saudi camarilla (all they need is a high oil price), but their Democrat stooges who are free to build a system of patronage and influence for re-election, enabling them remain in power to serve the Rockefeller - Saudi main agenda: restricted energy availability.
Though One World Government, now with increasing Islamic flavor via the UN, is on the agenda, especially the supra-national treaties by the with the camarilla avoids "national" opposition to their policies, the ultra-regulatory, ultra-bureaucratic "modern liberal" policy promoted is primarily a sop to the "intellectual NEW MANDARIN, UNIVERSITY COMMUNITY" which otherwise would work against the BIG OIL policies which SO OBVIOUSLY impoverish the people. No doubt, much of the "green energy" money goes to Universities for fake "research."
I think that we in "conspiracy land" often take the ONE WORLD agenda of the conspiracy a bit too seriously, missing the extent to which it is just what the "intellectuals" "want to hear."
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Posted by LloydMiller on 11/24/11 08:49 AM
No, there is only one way to hike the price of oil: restrict supply. Too often we in conspiracy land vastly over-estimate the power of the conspirators. They DO NOT HAVE person by person control even of big shots in their own arenas of influence. Without anti-oil regulations, there would be no way to stop wildcatters and even BIG OIL itself from flooding the world with oil and crashing the price so that prosperity would again be possible.
The Rockefellers, a few years ago, had too organize a stockholder block to force their FLAGSHIP EXXON to CUT-BACK on exploration and development and divert investments to green nonsesnse! Exxon was doing too good a job in maintaining their "reserves" in the opinion the the Rockefeller block.
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Posted by LloydMiller on 11/24/11 08:52 AM
Remember when Reagan took over from Carter and with a stroke of the pen UNDID all Carter's anti-oil policies? The price of oil CRASHED and the Saudi were in a financial crisis, HELPLESS to raise the price of oil! Forced to pump at low prices to meet their loan payments!
Reply from The Daily Bell
Yes, you have just undercut your own point. Via regulation, control of markets, war, taxes etc. the elite GENERALLY (not just the Rockefellers) uses oil as a stalking horse for a one world government. Just as EXXON is a vehicle in the US for this manipulation, so BP, apparently, is a chosen vehicle for the European Anglosphere. They are all in it together.
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Posted by LloydMiller on 11/24/11 09:07 AM
There IS OUTRAGE against the anti-petroleum, green energy, global warming agenda in America. Rush Limbaugh and the rest of the massive "radio talk" community rails against it daily. Fox News and the Wall Street Journal give it play, though subdued no doubt by Murdoch's filthy Saudi partner!
Only the libertarian, tea party promoting Koch Clan advocates and fights legally with any significance for more oil production, pipelines to Canada, fracking. . .etc etc.
However, all this is useless unless the Major Media can be wrested from the hands of the Rockefeller-Saudi-BIG OIL camarilla. Only a re-invigorated wealthy faction, apparently only the Rothschild-Zionist-Anglophile faction that backed Reagan-Thatcher is available that can possibly seize ABC-NBC-CBS, NY TIME, Washingto Post, LA Times. . . that would turn the tide. Obama didn't remove the bust of Winston Churchill from the oval office the first day of his reign "for nothing."
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Posted by LloydMiller on 11/24/11 09:10 AM
"Stalking horse for one-world government". . .? While you were typing I pooh-poohed that conspiracy land meme. . . "One World Government" has some reality, but is PRIMARILY a stalking horse for MONOPOLY POWER!
Reply from The Daily Bell
Right. The UN, BIS, World Bank and IMF don't exist. Or have merely been set up a a stalking horse for "monopoly power" whatever that means ...
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Posted by LloydMiller on 11/24/11 09:14 AM
Congress at any moment, if it came to its senses, or another shift to the right occures next election, can UNDO all the regulations put in place by the Rockefeller-Saudi camarilla. Hence the insane bias of the major media for the imbecile Obama regime.
Reply from The Daily Bell
And yet they never do ... (Hint: they are all in it together ...)
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Posted by LloydMiller on 11/24/11 09:25 AM
"They are all in it together": The most destruction conspiracy land meme ever devised! Turns conspiracy land into an adjunct of the the conspiracy itself! Actually enhances the power of conspirators by exaggerating their reputation for omnipotence! This coupled with "moral equivalency" turns the conspiracy land from a potential beneficial force to a "zero."
Conspiracy is a constant factor in human affairs. . . but, it an intricate, dynamic reality of competition amongst elitists at every level, from my local trade organization to the Federal Reserve Board of Governors.
Reply from The Daily Bell
There is a one world conspiracy.
It exists.
It is the world's dominant conspiracy right now and has been for about 300 years.
Go ahead and minimize it. Who pays you?
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Posted by LloydMiller on 11/24/11 09:28 AM
Oh, by the way, the "people", at the very best, can only veto an elite policy, and, then, ONLY if another elite faction leads them. Democracy is a method of gaining the support of the people. Kings instituted parliaments to raise taxes. Sending soldiers door to door just wasn't very effective.
Reply from The Daily Bell
Democracy was instigated after the Gutenberg press basically helped blow up the idea of the Divine Right of Kings ...
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Posted by LloydMiller on 11/24/11 09:31 AM
"Secret Bank?". . . not really. But you would have to read the mountains of legislation passed during the Democrat ascendancy.
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Posted by LloydMiller on 11/24/11 09:36 AM
]]]]Yes, you have just undercut your own point. Via regulation, control of markets, war, taxes etc. the elite GENERALLY (not just the Rockefellers) uses oil as a stalking horse for a one world government. Just as EXXON is a vehicle in the US for this manipulation, so BP, apparently, is a chosen vehicle for the European Anglosphere. They are all in it together.]]]
Huh? My point is that another faction can seize the reigns of power and reverse the govt. regulations, leaving the Rockefeller-Saudi camarilla up the creek! It has happened before!
Reply from The Daily Bell
Yes you seem to believe that the democrats and republicans represent two factions of the power elite. We don't.
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Posted by Jason on 11/25/11 06:48 PM
I am seeing evidence of this. The town I live in signed everyone up to get electricity from a bundling service which will supposedly sell power that comes from wind farms for less than regular electricity.
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Posted by LloydMiller on 11/26/11 09:35 AM
{{{Yes you seem to believe that the democrats and republicans represent two factions of the power elite. We don't.}}}
Yeah, BUT WHY DON'T YOU? Your moral equivalency knows no rational bounds! How about a little detailed evidence as time rolls on. . .? Of course, each faction TRIES to control both parties, but THEY ARE NOT EQUALLY SUCCESSFUL! The RINOs in the Republican Party are basically "for sale." Daddy Bush and Baker (Saudi Lobbyist) pulled back "W" from his early service to the Zionist-NeoCons to compromise with the Rockefeller-Saudi camarilla after the Saudis made it clear they would flood Iraq with Jihadists if the targetting of the Sunnis didn't stop. The Obama DEMS, on the other hand, are pure Rockefeller-Saudi agents, bought and paid for. . . as indicated by David Rockefeller's right-hand man, Zbig, early support.
Reply from The Daily Bell
Here is a concept for you to investigate: The Hegelian Dialectic. Please find out about it and if you wish us to help you with the concept, just ask. It's not that complicated and it will give you a whole new understanding of how the world works.
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Posted by LloydMiller on 11/26/11 09:41 AM
{{{Democracy was instigated after the Gutenberg press basically helped blow up the idea of the Divine Right of Kings ... }}}
This is utter nonsense. Parliaments, Representative govt far preceeded Gutenberg. . . Democracy is now and always has been a sham by which elites gain the consent of the governed.
Reply from The Daily Bell
We stand by our statement. Most of the West is parliamentary or "democratic" in the 21st century. In the 1500s it was not. We are not, by the way, implying democracy is better or worse, only that the elites "took a step back." It is irrefutable, though no doubt you will try to refute it ...
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Posted by LloydMiller on 11/26/11 06:21 PM
{{{Here is a concept for you to investigate: The Hegelian Dialectic. Please find out about it and if you wish us to help you with the concept, just ask. It's not that complicated and it will give you a whole new understanding of how the world works.}}}
I am completely knowledgeable about the theory, first broached in conspiracy land by Antony Sutton back in the 1970s. I reject it because it is possible ONLY in a "master conspiracy" (unified elite scenario). It cannot work in a competing factions situation. Dialectical manipulation can be assumed in any situation, but that doesn't prove it. One needs to look at the details of what is going on! OH NO!
Reply from The Daily Bell
Fine, Lloyd Miller. What's your hypothesis? Spell it out. Explain what's going on NOW. Who does Obama work for? Why is the US involved (with NATO's help) in eight wars and counting? Why is the US taking dead aim at Iran, etc. etc? We think we know - or at least are able to make informed speculations. Are you?
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