Note: I’m here in San Diego County in my new/old 39 foot Chevy Motorhome. I can’t get a signal for my Verizon LG smartphone (I’ll be taking a spin in my Ford Explorer in search of a signal; my VOIP phone, magicjack requiring a broadband connection, is currently not up except for voicemail). The radio reception is also limited which led me to ‘sample’ some limited AM offerings which included shallow sean hannity the hallmark of insanity, and ‘rush revere’ (limbaugh… he’s totally burned out, relegated now to authoring children’s illustrated books of a simplistic nature). Shallow sean’s latest ‘crusade’ (beyond the same

note/key obvious debacle of wobamacare) was defense of the indefensible mobster but friend of sean’s, donald trump (trump should be in jail). In defense of t_rump, he offers up the teeny wohlman skating rink project as evidence of t_rump’s contribution to NYC (too small for high new york priority given the magnitude of New York substantial problems, some largely the result of trumpish tastes, ie., gold trump tower fixtures, etc., that trump’s ‘pre-packaged bankrupcies’ seem to fail to touch, and which extravagance must be paid for by someone, but not him). Shallow sean’s excoriation of new york city never seems to link the obviousness of t_rump’s grandstanding responsibility for same. After all, someone ultimately has to pay for trump’s disproportionate non-value-added livin’ large. No talk of trump’s ingratiating bribe strategy for protection ( ie., retainer’s to law firms linked to state attorney generals, viz., {kimmelman} wolf and sampson, chris droney’s brother, his sister’s protection/corruption and quid pro quo from the federal bench, etc., and as well, protection of drug-money laundering through his now nominal only casinos … See, ie.,  .  Trump’s a fraud! I won’t be listening to ‘rush revere’ or shallow sean prospectively. They’re a waste of time and preposterous given their unbridled support of war criminals bush, cheney, etc., and the failed debacles they created, etc……



Today, America's Foodstamps Program Gets A 6% Haircut: What Happens Next?

Today, one of America's best-known welfare programs with 47.6 million participants or 15% of the total population, the Supplemental Nutrition Assistance Program also known as "foodstamps" or EBT, is due for a substantial haircut: beginning Friday, there will be a phased in $5 billion reduction (6% of the program) for the 12 month period starting November 1st 2013. So what happens next? 


Are Conspiracy Theories The Biggest Threat To Democracy?

What is the common element between Liborgate, the Fed manipulating capital markets, China hoarding gold, and the recent ubiquotous NSA spying revelations? At one point, before they became fact, they were all "conspiracy theories" as were the Freemasons, the Illuminati, McCarthy's witch hunts, 9/11, and so many more. The same theories, which are now part of a Cambridge University study titled Conspiracy and Democracy,  which looks at the prevalence of conspiracy theories and what they tell us about trust in democratic societies, about the differences between cultures and societies, and why conspiracy theories (ostensibly before they become fact) appear at particular moments in history. But, at its core, whether conspiracy theories will, as the BBC summarizes, it, eventually destroy democracy.


Top U.S. Hospitals Are Opting Out Of Obamacare

Americans who sign up for Obamacare will be getting a big surprise if they expect to access premium health care that may have been previously covered under their personal policies. Most of the top hospitals will accept insurance from just one or two companies operating under Obamacare. looked at the top 18 hospitals nationwide as ranked by U.S. News and World Report for 2013-2014. We contacted each hospital to determine their contracts and talked to several insurance companies, as well. The result of our investigation: Many top hospitals are simply opting out of Obamacare.


Obama Issues Executive Order To Prepare For Climate War

Two months ago we reported that Obama had officially declared war on the weather, after it was reported that he was ready to use "administrative authority" to fight climate change. While at the time it was not quite clear just what authority he had to unleash centrally-planned weather, today we finally got a glimpse of how Obama's biggest war yet would look like. As Washington Times reports, "President Obama issued an executive order Friday directing a government-wide effort to boost preparation in states and local communities for the impact of global warming. The action orders federal agencies to work with states to build “resilience” against major storms and other weather extremes. For example, the president’s order directs that infrastructure projects like bridges and flood control take into consideration climate conditions of the future, which might require building structures larger or stronger — and likely at a higher price tag." In other words, following the epic Syrian fiasco, whose primary intention was to boost the US budget deficit as a result of a localized war, and allow Bernanke more debt issues to monetize, Obama now has decided to unleash a very expensive, and very much debt-funded war against the greatest enemy of all: the weather.


Spain-Based Fagor, Europe's Fifth Largest Appliance Maker, On Verge Of Bankruptcy

There has been much media insinuation in recent months that just because Spain's economy has virtually shuttered, and imports have slid to unprecedented low levels in the process pushing the (adjusted) GDP beancount positive for the first time in 3 years, that things are somehow getting better. What the media has roundly ignored is that as a result of the collapse in consumption and end demand, courtesy of an unemployment rate that at least according to Eurostat just rose to a new record high, the companies that actually operate in Spain and form the basis for any real economic growth, are shuttering at an unprecedented pace. Of note: Spanish electrical appliance maker Fagor, which employs 5,700 people worldwide, or in a few shorts months, employed, is one step closer to bankruptcy after its Polish subsidiary filed for protection from its creditors. The company, which claims to be the fifth-biggest electrical appliance company in Europe, had trading of its debt suspended after its mother firm - private Spanish conglomerate Mondragon - refused to pour in money to rescue the company.


LAX Shooter Identified, "Wanted To Kill TSA And Pigs"

Contrary to initial reports that the shooter was an off-duty NSA agent, subsequent updates have revealed that the LAX shooter, who reportedly is still dead, although unclear if he was killed before or after he was in police custody, as Paul Anthony Ciancia, a 23-year-old who was either a Los Angeles native, or from Pennsville, N.J. Additionally, we have learned that according to a law enforcement official, who was briefed at LAX on the investigation but not authorized to speak publicly, said the gunman was wearing fatigues and carrying a bag containing a hand-written note that said he "wanted to kill TSA and pigs." The official requested anonymity because he was not authorized to speak publicly. Considering the accuracy with which this news event has been broken, most of it relying on unsubstantiated and often times fake Twitter sources (some had reported earlier, falsely, that the former NSA chief had been shot as well), we won't be surprised if this story were to change a few more times.


Who Are The Biggest Whiskey Drinkers In The World?

Hint: it's not the Irish.


The Bubble Most Go On: Stocks Buck Two-Day Taper Trade, Break Losing Streak With Late Day Surge

Looking at all non-equity asset classes, one would be left with the impression that the December taper is an increasingly likely outcome. Sure enough - bonds sold off again, and have been selling off consistently since the FOMC announcement. In fact they are poised to close at 2.62%, the highest yield since October 22. The dollar, inversely, ramped higher on both EUR woes and the expectation that its destruction may "taper" in the near future. As expected, gold did the opposite of the dollar, and Gartman's latest reco, and continued its sell off for the third day in a row: Thus the taper trade continued for the second day in a row in all asset classes, except stocks of course. Despite breifly dipping into the red shortly after today's conflicting manufacturing reports, the late day ramp was once again on location, and helped push ES nearly to a new intraday high in the minutes before the close, before a shakedown took place just after the close, sending ES sliding after hours, and wiping out the entire 3:30 pm ramp in seconds. It can be seen just where the rug gets pulled moments after the 4:00 pm close of trade. And so we close another week of mad fun with Mr. Chairman's, soon to be Mr. Chairwoman's manipulated, frothy, bubbly, markets.


Peeking Inside Yellen's Mindset

Bloomberg printed an article about Yellen’s educational background, noting that two of her professors were James Tobin and Arthur Okun.  The article is interesting because the Fed is currently trying to implement QE and “Twist” which are theories developed by these two Nobel Laureates.  Tobin attempted a form of “Twist” in the 1960’s.  He also championed Keynesian ideas and advocated government intervention to stabilize output and avoid recessions.  Okun developed an empirical “law” relating” changes in unemployment to GDP.


Unaffordable Recreation And The Ratchet Effect

Affordable recreation may not make the list of entitlement "rights" that many demand, but isn't recreation as much a public good and resource as highways? In terms of jobs created, I suspect recreation is relatively high on the list of jobs created with relatively low government spending. I cannot shake the suspicion that recreation is an obvious choice for revenue enhancement because it presumes people with disposable income can afford the higher fees and won't complain in politically meaningful ways. We complain privately but pony up the higher fees without questioning their validity. If we add up these dynamics, we find them everywhere in the economy. Recreation is simply one egregious example of how costs rising far faster than wages end up crimping what was once affordable for the majority. Luckily, we still have tent-camping (oops, tents can cost a pretty penny now, too...).



Pictures From LAX Crime Scene Reveals Shooter Weapon

NBC has just released the following pictures from the scene of the schooting, and it appears that the weapon used is, once again, an AR-15.


LAX Shooting Update: Gunman Killed By Law Enforcement



Nasdaq Gives Up: Will Not Unhalt Options Market Today

Just when you thought was the worst designed system and that nothing could match government incompetence, here comes Nasdaq, and adding insult to repeated shutdown injury from over the past several months, has just announced it will not unhalt the Options Market before the weekend, and will cancel all open orders. As for the scapegoat: "a significant increase in order entries." In other words, a blast of HFT quote churn again - just like the flash crash.


LAX Shooting Update: One TSA Agent Killed, Shooting Suspect Is Off-Duty TSA Agent



Goldman's Stolper Opines On The EUR, Says ECB Rate Cut Is A Buying Opportunity

After briefly becoming the strongest currency in the world for 2013, yesterday's stunning inflation report out of the Eurozone has not only left the massively overblown European recovery story in tatters (but... but... those soaring PMIs, oh wait, John Paulson is investing in Greece - the "recovery" is indeed over), has sent the sellside penguins scrambling with the new conviction that the ECB now has no choice but to lower rates once again, either in November or in December. So with everyone confused, we were hoping that that perpetual contrarian bellwether Tom Stolper, who just came out with a report, may have some insight. And sure enough, while the long-term EUR bull admits that "the ECB could move the EUR/USD cross by about 5 big figures by cutting the refi rate by 25bp" and that "it is quite possible that we will see EUR/$ drop further towards 1.33", he concludes that "an ECB rate cut could turn out to be a buying opportunity to go long the EUR." And now we know: because what Stolper tells his few remaining muppets to buy, Goldman is selling: if and when the ECB cuts rates, do what Goldman does, not what is says: sell everything.




NSA Spied on World Bank, IMF, UN, Pope, World Leaders, and American Politicians and Military Officers

Japan’s Most Hated Outfit, TEPCO, Reports Fat Profit (From Taxpayer Bailout Money)

Greenspan Maps a Territory



LAX Shooting: Get Ready for More Anti-Second Amendment Propaganda | Liberal press has wasted precious little time demonizing the Second Amendment.


UPDATE: Flip-Flop: LAX Shooter Was Not a TSA Worker, May Have Had ‘Strong Anti-Government Views’ | Media flip flops on gunman being off-duty TSA officer.


Will LAX Shooting Be Exploited to Arm TSA Agents?

Paul Joseph Watson | One TSA screener killed, media flip flops on gunman being off-duty TSA officer.


Top Generals Reveal Obama’s Secret High Level Military Purge

Anthony Gucciardi | Medal of Honor General reveals Obama’s complete military takeover.


White House Campaign Says Obamacare Ensures No Insurer Will Ever Drop Customers

Steve Watson | As Millions are being dropped because of Obamacare.


Sean Penn: Obama Should Issue Executive Order Committing Ted Cruz to Mental Institution

Kurt Nimmo | Indeed, we are living in Bizarro World.


Food Banks “Panicking” Over Demand Following Welfare Cut

Paul Joseph Watson | “We’re telling everyone to make sure that you are prepared for longer lines”.


Halloween Costume Featuring Fake Gun Prompted School Lockdown

Adan Salazar | School’s overreaction to harmless costume follows disturbing trend.


Fed Says Spending Cuts Hurt Economy; QE-Infinity Will Continue

Thomas R. Eddlem | Federal Reserve Bank’s Open Market Committee blamed the soft economy on a lack of government spending.


Food riots, China cyber attacks, the rise of conscious AI and other ‘what if’ predictions

Mike Adams | What if China unleashes a cyber attack on the U.S. power grid?


All-Time High Unemployment: The Economic Depression In Europe Just Keeps Getting Deeper

Michael Snyder | The unemployment rate in the eurozone is higher than it has ever been before.


LAX Shooter Identified as Off-duty TSA Worker

Prison | media flip flops on gunman being off-duty TSA officer.


Will LAX Shooting Be Exploited to Arm TSA Agents?

Paul Joseph Watson | One TSA screener killed, media flip flops on gunman being off-duty TSA officer.


White House Campaign Says Obamacare Ensures No Insurer Will Ever Drop Customers

Steve Watson | As Millions are being dropped because of Obamacare.


Food Banks “Panicking” Over Demand Following Welfare Cut

Paul Joseph Watson | “We’re telling everyone to make sure that you are prepared for longer lines”.


Sean Penn: Obama Should Issue Executive Order Committing Ted Cruz to Mental Institution

Kurt Nimmo | Indeed, we are living in Bizarro World.


Chinese state media show plans for nuke strikes on US cities

Washington Times | Beijing’s nuclear submarines can attack American cities as a means to counterbalance U.S. nuclear deterrence in the Pacific.


Former CIA Pilot Plumlee Says Reagan Administration Responsible for Death of DEA Agent

Kurt Nimmo | Fox News and other media outlets place blame on CIA.


Todd Purdum In Politico: Republicans ‘Sabotaged’ Obamacare Like Segregationists Resisted School Integration

Mark Finkelstein | What an odious piece of garbage. 


Sesame’s Street’s Bert Sings About Obamacare Enrollees

Prison | “Nobody’s favourite number is 6″.


Cops Swap Patrol Cars For Big Rigs to Catch Texters

Paul Joseph Watson | Revenue generation takes precedence over stopping actual crimes.


Fed Says Spending Cuts Hurt Economy; QE-Infinity Will Continue

Thomas R. Eddlem | “Fiscal policy is restraining economic growth”


Obamacare FY14 Budget: ‘To Ensure Integrity of Programs That Redistribute Tens of Billions’

CNS News | Overall, CMS wants $2 billion to run what it calls the “Federal Marketplace” for health insurance.


UBS On The Importance Of 3D Printing

Zero Hedge | Over a year ago we discussed the “next Industrial Revolution” and where it might appear from.

Sinclair: “How Do We Know That Tomorrow Isn’t The Day?”

Mac Slavo | While most economists and market analysts jump on the mainstream bandwagon by supporting the deception, one contrarian who has never touted the party line is Jim Sinclair of JS mineset.


Rex Nutting
Thieving your pension is next
Commentary: Democrats and Republicans are helping Wall Street loot the Treasury.
• Costing ourselves 2 million jobs




Mark Hulbert
Wall Street way too bullish
Commentary: And that means the short-term trend is ready to turn downward.
• 3 amazing stock-market facts




Shooter ID'ed...
'Wanted to kill TSA and pigs'...
Sent 'suicide text' to family...
Multiple victims...
'MAD MEN' Filming at Airport...


Kudlow: Liberal entitlement-state dream crumbling...

POLL: 'Democratic Incumbents in Big Trouble'...

Republicans Give Health Law Room to Stumble...
EXECUTIVE ORDER: Obama directs gov't to prepare for global warming...

Top generals: Obama 'purging military'...
SICK: Obama bundler hired to fix mess his firm created...

'Healthy Ho's Party': Sex workers sign up for Obamacare...


Chinese state media show plans for nuke strikes on US cities...

Damage projections for Seattle and Los Angeles...

China Moves Spy Ship to Hawaiian Waters...


REPORT: WH relies heavily on secret meetings with journalists...

AP editors: Staged propaganda photos...

MAG: 'Canadian' healthcare system...

College Students Unable to Sign up...

House Committee threatens with subpoena over health care data...

STARBUCKS CEO: 'Gone Off Rails'...

UPDATE: Court strikes down birth control mandate...


DC University Professor in Halloween Costume Viciously Attacked, Left for Dead...