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……
VeTeRaN'S
DaY 2013: THe MoDeRN WaR GoD…
“It
is no coincidence that the century of total war coincided with the century of
central banking.” --Ron Paul
To
those who served honourably: Happy Veteran's Day 2013
WB7
Meet
One Of The Victims Of Obama’s “Economic Recovery”
Have
you ever cried yourself to sleep because you had no idea how you were going to
pay the bills even though you were working as hard as you possibly could?
You are about to hear from a single mother that has been there. Her name
is Yolanda Vestal and she is another victim of Obama's "economic
recovery". Yes, things have never been better for
the top 0.01 percent of ultra-wealthy Americans that have got millions of
dollars invested in the stock market. But for most of the rest of the
country, things are very hard right now. At this point, more than 102 million
working age Americans do not have a job, and 40 percent of those that are actually working earn less
than $20,000 a year in wages. If we actually are experiencing an
"economic recovery", then why is the federal government
spending nearly a trillion
dollars a year on welfare? And that does not even include entitlement
programs such as Social Security and Medicare. We live in a nation where poverty is exploding and the middle class is
shrinking with each passing day. But nothing is ever going to get fixed
if we all stick our heads in the sand and pretend that everything is "just
fine". (Read More....)
What
Are The Off-White Boxes That Are Going Up On Utility Poles All Over Seattle?
The Big Brother control grid is
constantly growing and expanding all over America. Right now, a “wireless
mesh network” is in the process of being installed in Seattle that some believe will ultimately have the
capability of tracking the location of every wireless device in the city.
If you live in downtown Seattle, just look for the little off-white boxes that
are being attached to utility poles all over the place. You can see a
bunch of pictures of these little boxes right here. Meanwhile, other major
U.S. cities have been installing vast networks of surveillance cameras and
listening devices. We are being told that such measures will help police
“solve more crime”. We are being told that such measures will “keep
people safe”. But what about our privacy? Doesn’t that count for
something? What about the Fourth Amendment? Are our most cherished
liberties and freedoms going to be thrown into the trash just because we live
“in a more dangerous world”? (Read More.....)
Why
Obamacare Will Motivate Millions Of Americans To Make Less Money And Get
Divorced
Did you know that Obamacare
contains huge incentives that will actually motivate people to try to reduce
their incomes? It’s true. Under Obamacare, making less money can
pay off big time. As you will see below, reducing your income by just
$1,000 could get you an Obamacare subsidy worth over $14,000. Who
wouldn’t want to make that trade? And guess what? Obamacare also
makes divorce highly profitable for millions of American couples. In
fact, there are some U.S. couples that are already considering divorce due to
the provisions contained in the new health care law. Of course those
couples still plan to live together – they just want to get divorced so that
they can save thousands of dollars on their health care expenses. Yes, I
know that sounds absolutely crazy. But this is actually happening.
The truth is that Obamacare is turning out to be a much larger disaster than
anyone anticipated, and it seems like new “surprises” just keep popping up with
each passing day.
The figures that you are about
to see were calculated using the Kaiser Family Foundation
subsidy calculator. These numbers apply to a husband (Read More....)
What
A Confidential 1974 Memo To Paul Volcker Reveals About America's True Views On
Gold, Reserve Currency And "PetroGold"
Submitted
by Tyler Durden on
11/11/2013 - 22:09
"U.S.
objectives for world monetary system—a durable, stable system, with the SDR as
a strong reserve asset at its center — are incompatible with a
continued important role for gold as a reserve asset.... It is the
U.S. concern that any substantial increase now in the price at which
official gold transactions are made would strengthen the position of gold in
the system, and cripple the SDR... Countries could give up their gold holdings
to the IMF in exchange for SDRs. The gold could then be sold
gradually, over time, by the IMF to the private market.... There is a belief
among certain Europeans that a higher price of gold for settlement
purposes would facilitate financing of oil imports... From
the Arab point of view [gold] would have the advantages of being protected from
exchange-rate changes and inflation, and subject to absolute national control.
"
Meet "FiatLeak.com" – Real Time Map Of
Bitcoin Transactions By Country
Submitted
by Tyler Durden on
11/11/2013 - 21:44
With Bitcoin ranging from $395
to $295 and back up to $370 in the last 24 hours, keeping an eye on where
exactly the "selling" and "buying" is coming from may prove
useful to some. As Liberty Blitzkrieg's Mike Krieger highlights,
there is a site for that "FiatLeak.com,"
which uses data from the three major Bitcoin exchanges for which data is
published, Mt. Gox, Bitstamp and BTC China to show you which countries
and which currencies are moving in and out of bitcoin in real time.
You
Are Here
Submitted
by Tyler Durden on
11/11/2013 - 21:01
Presented with no comment...
10 Uncomfortable Truths About The Growing
Unemployment Crisis In America
Submitted
by Tyler Durden on
11/11/2013 - 20:33
Did you know that there are more than 102
million working age Americans that do not have a job? Right now, there are more than 11 million
Americans that are considered to be "officially unemployed", and
there are more
than 91 million Americans that are not employed and that are considered to
be "not in the labor force". When you add those two numbers
together, the total is more than 102 million. Overall, the number of
working age Americans that do not have a job has increased by about 27
million since the year 2000. But aren't things getting
better? After all, the mainstream media is full of headlines about how
"good" the jobs numbers for October were. Sadly, the
truth is that the mainstream media is not being straight with the American
people. As you will see below, we are in the midst of a long-term
unemployment crisis in America, and things got even worse last month.
Meanwhile In The Philippines, There Is "Nothing
Left To Loot"
Submitted
by Tyler Durden on
11/11/2013 - 20:02
"We
need help!" is the sad handwritten sign hanging outside a
shuttered church in the Philippine town of Tacloban surrounded, as Reuters reports, by uncollected corpses
and canyons of debris. Demand for relief is huge and despite 66 tons
of supplies having landed since Saturday, they are not reaching those who need
them the most as "people are roaming around the city, looking for food and
water," because aid trucks from the airport struggle to enter the city
because of the stream of people and vehicles leaving it. "People
are angry. They are going out of their minds," warned one
aid-worker as relief was delayed due to security concerns "there might be
a stampede," after dark. The terrible state of affairs is summed up by on
aid worker, "there is nothing left to loot... even if you have
money there is no food to buy. There is nothing here." Police are
trying to enforce a curfew...
The American "Rags To Riches" Dream Is Now
History For Most
Submitted
by Tyler Durden on
11/11/2013 - 19:32
It
would appear that the Horatio Alger myth - that hard work
and pluck will lift a person from dire circumstances to enviable success
- is not living up to expectations for Americans. As WSJ's Lauren Weber notes, 40% of Americans think
it’s fairly common for someone to start off poor, work hard and eventually rise
to the top of the economic heap but a new Pew study shows that in reality, only
4% of Americans travel the rags-to-riches path. Unfortunately, they discovered
considerable “stickiness” at both ends of the income spectrum and that
Americans attached to the rags-to-riches myth might be disappointed to know
that other countries show greater mobility among have-nots - "this is what
we call the 'parental penalty,' and it's really high in the U.S. - If
you’re born in the bottom here, your likelihood of sticking in the bottom is
much higher."
Meet The Firm Whose $95 Billion In Assets Keeps
Iran's Ayatollah In Power
Submitted
by Tyler Durden on
11/11/2013 - 19:02
Bloomberg
may be in hot water for scuttling an article that "might anger China"
as exposed over the weekend, but that was only after
winning investigative prizes for its series of reports exposing the epic wealth
of China top ruling families in 2012: a topic that has received prominence at a
time when the forced wealth redistribution plans of developed and developing
nations, usually originated by these same uber-wealthy families, is all the
rage. Another country, whose oligarchic wealth had largely escaped press
scrutiny, was Iran. At least until today, when in a six month investigation
culminating in a three-part report on the assets of the Iranian Supreme Leader
Ayatollah Ali Khamenei, Reuters exposed Setad, an Iranian company that manages
and sells property on order from the Imam. In a nutshell, the company has built
up its wealth by seizing thousands of properties from Iranian citizens.
According to the investigation, Setad’s assets are worth $95 billion –
40 percent more than Iran’s total 2012 oil exports. It is this
confiscated "wealth" that has allowed the Iranian clergy, and
especially the Ayatollah, to preserve their power over the years.
Marc Faber Is Back: "It Will End Badly... We're
In A Worse Position Than 2008"
Submitted
by Tyler Durden on
11/11/2013 - 18:14
"It
will end badly," Marc Faber explains in this brief CNBC clip,
"the question is whether we will have a minor economic crisis and then
huge money printing or get into an inflationary spiral first." If you
thought that "we had a credit crisis in 2008 because we had too much
credit in the economy," then Faber notes "there is that much more
credit as a percent of the economy now." Of course, as Bill Fleckenstein recently noted, as long as
stocks are rising, investors remain blinded by the exuberance, but as Faber
concludes, "we are in a worse position than we were back then,"
and inflation is already here...
Guest Post: The Market In Pictures
Submitted
by Tyler Durden on
11/11/2013 - 17:39
There is currently a debate being waged on
Wall Street. On
one side of the argument are individuals who believe that we have entered into
the next "secular bull market" and that the markets
have only just begun what is an expected multi-year advance from current
levels. The other side of the argument reiterates that the current market
advance is predicated on artificial stimulus and that the "secular
bear market" remains intact, and the next major reversion is just a
function of time. The series of charts below is designed to allow you to draw
your own conclusions. While it is certainly easy to
be swept up in the daily advances of the stock market casino, it is important
to remember that eventually the "house always wins."
What has always separated successful professional gamblers from the weekend
sucker is strictly the difference of knowing when to cash in your chips
and step away from the table.
Obamacare Website Enrollment 90% Below Government
Expectations
Submitted
by Tyler Durden on
11/11/2013 - 17:03
The administration had
estimated that nearly 500,000 people would enroll in October,
according to internal memos cited last week by Rep. Dave Camp (R., Mich.); but as WSJ reports, initial reports
suggest that fewer than 50,000 people successfully navigated the
troubled federal health-care website to enroll in private health insurance
plans as of last week. The figures represent an improvement from the website's
first days. On Oct. 1, when it opened, only six people signed up for coverage,
according to internal administration memos but remains 90% below expectations
with only 4 months until seven million are expected to have signed up
for private coverage when the open-enrollment period is set to end.
Next From The ECB: Here Comes QE, According To BNP
Submitted
by Tyler Durden on
11/11/2013 - 16:33
The
latest myth of a European recovery came crashing down two weeks ago when
Eurostat reported an inflation print of 0.7% (putting Europe's official
inflation below that of Japan's 1.1%), followed promptly by a surprise rate cut
by Mario Draghi which achieves nothing but sends a message that the ECB is,
impotently, watching the collapse in European inflation and loan creation
coupled by an ongoing rise in unemployment to record levels (not to mention the
record prints in the amount of peripheral bad debt). Needless to say, all
of this is largely aggravated by the EURUSD which until a week ago was trading
at a two year high against the dollar, and while helpful for Germany, makes the
so-needed external rebelancing of the peripheral Eurozone countries next to
impossible. Which means that like it or not, and certainly as long as hawkish
Germany says "nein", Draghi is stuck in a corner when it comes to
truly decisive inflation-boosting actions. But what is Draghi to do? Well,
according to BNP's Paul-Mortimer Lee, it should join the "no holds
barred" monetary "policy" of the Fed and the BOJ, and promptly
resume a €50 billion per month QE.
Volume-less, Bond-less Day Pushes Dow To Another
Record High
Submitted
by Tyler Durden on
11/11/2013 - 16:06
Isn't it intriguing that with
the cash bond market closed, every other risk-asset-class in the world dies a
horrible death of volume-less list-less price action? Today's only activity -
bearing in mind the absence of the bond-market's almost ubiquitous POMO
leveraging idiocy - was from the US open to the European close. From that point
on FX markets (JPY crosses) and stocks went dead-stick pinned to VWAP (but
managed new highs in the Dow). There was some divergences... HY credit
(via ETFs) dropped rather notably to its lowest in almost a month; VIX was
banged back under 12.5% - its lowest in almost 3 months; and crude oil
prices jerked higher. Treasury futures indicate a 1-3bps yield rise on the day,
the USD leaked lower (led by EUR strength), and PMs went nowhere fast
treading water with modest losses. Stocks closed at record highs as
the dash-for-trash remains front-and-center: "most shorted'
names have tripled the market's 1.4% gain in the last 2 days!
John Hussman Asks "What Is Different This
Time?"
Submitted
by Tyler Durden on
11/11/2013 - 16:00
Investors who believe that history has
lessons to teach should take our present concerns with significant weight, but should also recognize that tendencies
that repeatedly prove reliable over complete market cycles are sometimes defied
over portions of those cycles. Meanwhile, investors who are convinced that this
time is different can ignore what follows. The primary reason not to listen to
a word of it is that similar concerns, particularly since late-2011, have been
followed by yet further market gains. If one places full weight on this recent
period, and no weight on history, it follows that stocks can only advance
forever. What seems different this time, enough to revive the
conclusion that “this time is different,” is faith in the Federal Reserve’s
policy of quantitative easing. The problem with bubbles is that
they force one to decide whether to look like an idiot before the peak, or an
idiot after the peak...
ISDA Proposes To "Suspend" Default Reality
When Big Banks Fail
Submitted
by Tyler Durden on
11/11/2013 - 15:30
With
global financial company stock prices soaring, analysts proclaiming holding
bank shares is a win-win on rates, NIM, growth, and "fortress balance
sheets", and a European stress-test forthcoming that will 'prove' how
great banks really are; the question one is forced to ask, given the ruling
below, is "Why is ISDA so worried about derivatives-based
systemic risk?"
El-Erian Fears The "Over-Empowerment" Of
Central Bankers
Submitted
by Tyler Durden on
11/11/2013 - 15:06
History is full of people and institutions
that rose to positions of supremacy only to come crashing down. In most cases, hubris – a sense of
invincibility fed by uncontested power – was their undoing. In other cases,
however, both the rise and the fall stemmed more from the unwarranted
expectations of those around them. The more responsibilities central banks
have acquired, the greater the expectations for what they can achieve,
especially with regard to the much-sought-after trifecta of greater financial
stability, faster economic growth, and more buoyant job creation. And governments
that once resented central banks’ power are now happy to have them compensate
for their own economic-governance shortfalls – so much so that some
legislatures seem to feel empowered to lapse repeatedly into irresponsible
behavior. The trouble is that few outsiders seem to be listening,
much less preparing to confront the eventual limits of central-bank
effectiveness. As a result, they risk aggravating the potential challenges.
VeTeRaN'S
DaY 2013: THe MoDeRN WaR GoD…
“It is no
coincidence that the century of total war coincided with the century of central
banking.” --Ron Paul