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 (the consequence of his being ‘tired of carrying the water for the republican party’? - his own words), 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 itsy-bitsy, teeny weeny 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., solid 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., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf  http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  http://albertpeia.com/fbimartinezcongallard.htm  .  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……

 

 

THe FiLTHY SHYSTeR...

williambanzai7's picture



 

 

PUKE MAGAZINE COVER

 

 

 

.

PARTY LIKE 1929

.

 

 

 

1929

 

 

 

.

f

.

 

 

QE 1929

THe FiLTHY SHYSTeR...

WITCHES BREW: The Policies of Insolvency! (PART VI)

 

Bill Fleckenstein Blasts "The Price Of Everything Is Out Of Whack"

Submitted by Tyler Durden on 11/08/2013 - 18:47

"People are, once again, being fooled," fears Bill Fleckenstein in this brief CNBC clip, warning that investors buying into the stock market at all-time highs here are making a grave error. Investors are ignoring fundamentals at their peril, "in the stock mania in 1999, people were bullish because stocks were going up. In 2007, people were bullish because stocks and real estate were going up. They didn't look ask - Why are they going up? Is this sustainable? Is this healthy? - and in both cases, it was not." In the current environment, the bubble Fleckenstein points to is powered not by tech stocks or real estate, but by the Fed's quantitative easing program. But, he warns, the Fed is losing control of one key market...

 

The United States Has More People In Jail Than High School Teachers And Engineers

Submitted by Tyler Durden on 11/08/2013 - 22:03

America has become a gigantic gulag over the past few decades and most of its citizens don’t know, or just don’t care. One of the primary causes of the over incarceration in the U.S. is the absurd, tragic failure that is the “war on drugs”, and indeed nearly half of the folks in prison are there for drug related offenses. Making matters worse is a rapidly growing private prison system, which adds a profit motive to the equation. Recently, we wrote an extensive rant against the private prison system and provided details on how it works in:  A Deep Look into the Shady World of the Private Prison Industry. Now here are some of the sad facts...

 

The Anatomy Of A Pre-Crash Bubble

Submitted by Tyler Durden on 11/08/2013 - 21:29

We previously highlighted Didier Sornette's excellent work trying to identify pre-crash conditions in financial markets and John Hussman's chart below suggests we are indeed heading that way. His warning, however, "Don't rely on further blow-off - but don't be shocked - risk dominates... Hold Tight."

 

Peter Schiff On Janet Yellen's Mission Impossible

Submitted by Tyler Durden on 11/08/2013 - 21:01

Most market watchers expect that Janet Yellen will grapple with two major tasks once she takes the helm at the Federal Reserve in 2014: deciding on the appropriate timing and intensity of the Fed's quantitative easing taper strategy, and unwinding the Fed's enormous $4 trillion balance sheet (without creating huge losses in the value of its portfolio). In reality both assignments are far more difficult than just about anyone understands or admits.

 

Ron Paul Redux: The Economic Crisis On Our Doorstep

Submitted by Tyler Durden on 11/08/2013 - 20:32

Speaking, ironically, at the Economic Club of Detroit in 1988, Ron Paul warns oh-so-prophetically of a coming economic crisis and the profound implications of the government's fiscal and monetary program largesse.

 

Guest Post: How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System

Submitted by Tyler Durden on 11/08/2013 - 19:59

The death of the dollar is coming, and it will probably be China that pulls the trigger.  What you are about to read is understood by only a very small fraction of all Americans.  Right now, the U.S. dollar is the de facto reserve currency of the planet.  Most global trade is conducted in U.S. dollars, and almost all oil is sold for U.S. dollars.  More than 60 percent of all global foreign exchange reserves are held in U.S. dollars, and far more U.S. dollars are actually used outside of the United States than inside of it.  As will be described below, this has given the United States some tremendous economic advantages, and most Americans have no idea how much their current standard of living depends on the dollar remaining the reserve currency of the world.  Unfortunately, thanks to reckless money printing by the Federal Reserve and the reckless accumulation of debt by the federal government, the status of the dollar as the reserve currency of the world is now in great jeopardy.

 

Obamacare's Biggest Failure So Far: Just 18% Of Uninsured Have Expressed An Interest In Enrolling

Submitted by Tyler Durden on 11/08/2013 - 19:21

When one steps back from all the frustration, all the confusion,  all the failures both in the rollout and the mass behavioral experimentation, and the fact that the math just doesn't work, the primary stated purpose behind Obamacare was simple: to provide uniform, affordable (the A in ACA) healthcare for all Americans. But especially to those who are currently uninsured. At least such was the utopian, egalitarian vision behind its conception. Which is also why, stripping away the political posturing, the html coding errors, the funding issues, the biggest failing of Obamacare would be if it opened, and none of America's uninsured came. Sadly, this last nail in Obamacare's coffin, has just been confirmed with a just released Gallup poll which found that a tiny 18% of uninsured Americans - the primary target population for the exchanges - have so far attempted to even visit an exchange website.

 

Citi Expects "A Significant Fall In EURUSD" As Currency Wars Escalate

Submitted by Tyler Durden on 11/08/2013 - 18:10

European monetary policy/monetary conditions are too tight and, Citi's FX Technical group explains, the EURO is too strong thereby exacerbating the effects of the internal devaluation in Europe (as we noted here). Looser monetary policy and a weaker currency are becoming increasingly necessary conditions for the Eurozone to recover/survive. The present period in the Eurozone, Citi adds, where the financial architecture is coming apart at the seams is not remotely unprecedented and in fact offers a very compelling historical perspective for significant devaluation of the EUR in the years ahead.

 

No Car, No FICO Score, No Problem: The NINJAs Have Taken Over The Subprime Lunatic Asylum

Submitted by Tyler Durden on 11/08/2013 - 17:33

One of the most trumpeted stories justifying the US economic "recovery" is the resurgence in car sales, which have now returned to an annual sales clip almost on par with that from before the great depression. What is conveniently left out of all such stories is what is the funding for these purchases (funnelling through to the top and bottom line of such administration darling companies as GM) comes from. The answer: the same NINJA loans, with non-existent zero credit rating requirements that allowed anything with a pulse to buy a McMansion during the peak day of the last credit bubble.  Bloomberg reports on an issue we have been reporting for over a year, namely the 'stringent' credit-check requirements for new car purchasers by recounting the story of Alan Helfman, a car dealer in Houston, who served a woman in his showroom last month with a credit score lower than 500 and a desire for a new Dodge Dart for her daily commute. She drove away with a new car.

 

5(+1) Things To Ponder This Weekend

Submitted by Tyler Durden on 11/08/2013 - 16:58

This past week saw the initial public offering of the single most anticipated IPO of 2013 - Twitter. If you tweeted about it then you are not alone as the news dominated the media headlines and the market. With Twitter already sporting a 11x price-to-sales ratio, and no earnings, what could possibly go wrong? However, it is that growing complacency among investors that should be the most concerning as the general sentiment has become that nothing can stop the markets as long as the Fed is in the game. This week's issue of things to ponder over the weekend provides some thoughts in this regard...

 

 

Gartman Does It Again: "The Game Changed Utterly In The Capital Markets Yesterday"

Submitted by Tyler Durden on 11/08/2013 - 16:33

The "commodity king" author of the "world renowned" Gartman momentum chasing and perpetual contrarian fade newsletter, if not so much of an ETF under the same name anymore, does it again. From this morning.

Now with the S&P forging a massive reversal to the downside, we not only must abandon being bullish we must become bearish... and very so.... Our bearish friends, having been wrong for so long, are now right; it is time to be bearish of stocks, while the time for having been bullish is now past... We trust we are clear. The game’s changed and when the game changes, we change.... We had heretofore consistently erred bullishly of simple things… of coal; of steel; of railroads; of ships and shipping… but we are not now.

And... wrong again. Or said otherwise, short of subscribers in breaking even terms.

 

Late Day Panic Buying Vertical Ramp Sends Dow Jones To Record High

Submitted by Tyler Durden on 11/08/2013 - 16:14

It seems like the last 2 days have been a massive NASDAQ-TWTR pairs trade... Today saw broad stock indices best day in a month despite the early "good news is bad news" sell-off as newly minted TWTR heads towards its first bear market threshold off the highs. The Dow managed to get back to a record high close by the end of the day. Treasury prices were clubbed like a baby seal with yields jumping their most in over 4 months. Shorts were grossly squeezed today ("most shorted +2.9% vs Russell +1.1%). Gold was down 1.4% on the day (oil and copper flat) and 2% on the week. VIX was banged back under 13% and the JPY weakness sparked by the taper-on-driven USD strength kept carry traders alive. All in all - only equity markets reacted "positively" to the good news with a panic-buying-frenzy in the last 30 minutes as rates, FX, and precious metals all shifted in a "taper-on" trend...

 

Guest Post: Can We Support 75 Million Retirees in 2020?

Submitted by Tyler Durden on 11/08/2013 - 15:46

At the heart of the matter, money is after all a claim on real-world resources, goods and services. Printing or borrowing money into existence does not create more resources, goods or services to exchange for the money. In this sense, all financial schemes for retirement are misdirections of the real challenge, which is creating enough real-world surplus to support 75 million retirees (not to mention the other 75 million people drawing government benefits). Printing or borrowing money are both attempts to get a free lunch; alas, there is no free lunch. We can only spend what we extract or generate in surplus, i.e. what's left after subtracting the costs of production, labor and capital.

 

 

Bernanke Explains It All To The IMF - Live Webcast

Submitted by Tyler Durden on 11/08/2013 - 15:30

Ben Bernanke is participating in an IMF panel with Larry Summers, Ken Rogoff, and fromer Bank of Israel chief Stan Fischer... Full speech below...

 

 

How To Make Money From Facebook In 3 Simple Steps

Submitted by Tyler Durden on 11/08/2013 - 15:12

It's quite simple.

 

E-mail From BarackObama.com: Anyone Opposing Late-Term Abortions Is Sexist

Kit Daniels | Organizing For Action refers to proposed late-term abortion ban as latest in “anti-women strategy.”

 

Welcome To America… Now Bend Over

Steve Watson | Police terrorize public with warrantless anal probes in freedom eviscerating “war on drugs” fallout.

 

Ex-MSNBC Host’s Health Plan Soars 350% Thanks to Obamacare

Paul Joseph Watson | ACA supporters say Ratigan should be thankful.

 

Iran’s Nukes? What About Saudi Arabia?

Kurt Nimmo | Saudi Kingdom would be able to deploy nuclear weapons more rapidly than Iran.

 

Obama’s terrifying admission: ‘We are remaking the courts’

Michael Dorstewitz | He is remaking the courts in his own image.

 

New Robocop Movie Envisions World Patrolled by Drones

Paul Joseph Watson | Americans need to be brainwashed out of their ‘robophobia’.

 

Whopping 932,000 Americans Drop Out Of Labor Force In October

Zero Hedge | The only two charts that matter from today’s distroted nonfarm payrolls report.

 

Dad ‘unfit parent for refusing son McDonald’s’

New York Post | A Manhattan dad is not lovin’ McDonald’s right now.

 

Tragic End To Father’s Attempt To Teach Son A Lesson

Corey Pepple | McPherson fired six shots into the vehicle, striking the teen twice and killing him, according to the Iowa state medical examiner’s office.

 

Feds Subjected Innocent Woman to Finger Probe of Vagina & Anus

Paul Joseph Watson | THIRD victim of sexual molestation at hands of New Mexico authorities comes forward.

 

Govt. Workers’ Unemployment Rate 66 Percent Better Than National Unemployment Rate

CNSNews.com | The unemployment rate increased in October compared to September, when it was 3.9 percent, but improved overall since its peak in 2013 when it stood at 5.3 percent in July.

 

623,000 Full Time Jobs Lost Last Month

Zero Hedge | So much for the surge in 691,000 full-time jobs in September.

 

World’s First Bitcoin ATM Processes $100k in Transactions in its First 8 Days

libertyblitzkrieg.com | A little over a week ago, the world’s first Bitcoin ATM was launched to much fanfare in a Vancouver coffee shop called Waves Coffee.

 

How China Can Cause The Death Of The Dollar And The Entire U.S. Financial System

Michael Snyder | The death of the dollar is coming, and it will probably be China that pulls the trigger.

Paul Krugman: Death Panels Will Be Necessary

Kurt Nimmo | In order for the collectivist welfare state to run smoothly higher taxes and death panels will be mandatory.

 

Welcome To America… Now Bend Over

Steve Watson | Police terrorize public with warrantless anal probes in freedom eviscerating “war on drugs” fallout.

 

Iran’s Nukes? What About Saudi Arabia?

Kurt Nimmo | Saudi Kingdom would be able to deploy nuclear weapons more rapidly than Iran.

 

Ex-MSNBC Host’s Health Plan Soars 350% Thanks to Obamacare

Paul Joseph Watson | ACA supporters say Ratigan should be thankful.

 

Stand Your Ground Upheld in Florida Despite Efforts of Obama’s DOJ

Kurt Nimmo | Florida House Subcommittee on Criminal Justice voted overwhelmingly to not only defend the self-defense law, but expand it.

 

New Robocop Movie Envisions World Patrolled by Drones

Paul Joseph Watson | Americans need to be brainwashed out of their ‘robophobia’.

 

Feds Subjected Innocent Woman to Finger Probe of Vagina & Anus

Paul Joseph Watson | THIRD victim of sexual molestation at hands of New Mexico authorities comes forward.

 

Employers add 204,000 jobs in October; unemployment rate rises to 7.3%

L.A. Times | News on wages is even less encouraging.

 

India accuses Goldman Sachs of ‘messing’ in domestic politics

AFP | Goldman Sachs raised market ratings citing “optimism over political change.”

 

'THIS IS A VERY, VERY BAD DEAL'...
Furious Israel confronts USA...
Obama secretly lifted Iran sanctions months ago...
'Deal of the century'...
Talks Strain Mideast Alliances...
Egypt looks to Russia as US ties fray...

OBAMA EYES EXECUTIVE ORDERS AS SECOND TERM CRUMBLES

SHOCK: 4 Thieves Charged With Cutting Off Marijuana Dispensary Owner's Penis...

REPORT: 52 million Americans have lost or will lose health insurance...

Obamacare Unifies Tea Party, GOP Establishment...

McCONNELL: Shutdown only diverted attention away from rollout disaster...

MAG: How Obama blew entire past year...

NC Health Exchange: Only 1 Person Signed Up So Far, But Hasn't Paid

Lone Applicant Already Targeted By Scammer...


Only 5 in DC?

Issa subpoenas White House tech official for hearing...

Woman Who Championed Obamacare Stunned After Losing Insurance Plan...

REPORT: Detroit woman shot in face while seeking help after car accident...