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.pdfhttp://www.albertpeia.com/112208opocoan/PeiavCoanetals.htmhttp://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 Cat dispatching this archaic reptilian remnant of an extinct species. Yet,
doesn’t the ill-fated croc seem to be smiling a typically wide grin as if to
say, ‘he’s glad to be done-in by such a noble creature as the Cat’ (as opposed
to lesser species including all forms of apes and their progeny, potentially
even winding up as a pocket-book, belt, or pair of shoes). Yes, there’s a place
in the universe for Cats! }
Here
they are. WilliamBanzai7's Special Holiday Puke Fine Art Print Editions just in
time for the Christmas Holidays…
.
.
.
.
Dear
Friends,
Here
before you is a truly historic series of images that I have painstakingly
adapted to the current state of sordidly odiferous political/financial affairs.
Years
from now, there will be little doubt over what the artist was seeing and
thinking contemporaneously in the year 2013.
I
am not going to oversell these pictures. They speak for themselves.
They
also demonstrate how history truly rhymes on Wall Street.
I
have all of these in very large high resolution files. So every print will
match the highest standards of fine art print production.
As
you can see, I have departed from normal practice by offering these prints in
an assortment of sizes. I have done this solely to maximize your
participation
by spreading price points. Bear in mind that the amount of personal time and
effort involved is the same irrespective of print size.
Each
print will be signed, numbered and dated December 25, 2013.
I
know that many of you are suffering various levels of economic hardship in
these trying times. As is always the case, you are free to print these off for
your own personal use.
I
truly appreciate all the the moral and financial support that I receive from
all of you.
As
you know, the primary reason that I am doing these prints is to signify my
gratitude in return for your generous support for my endeavors.
It
is my sincerest wish that the situation will turn sooner than later so
that each and everyone of us can return to personal prosperity.
{ I’ve had occasion to read the well-written book
‘Murder in Italy’ by award-winning italian-american author, Candace Dempsey,
which documents the horrific travesty called ‘italian justice’ (actually
blatant injustice) torturously imposed upon Amanda Knox et als (rudy guede
excepted). So outrageous but typical of these typical italians ( like packs of
the rabid dogs they are pre-disposed to be). (Parenthetically, my grandparents,
both of whom I loved and respected – Elsie/Nanny, Bari, Italy and
Martin/Mario/PopPop (Peia), Lake Como, Italy – were not typical as such; but
rather, thoroughly modern in all respects relative to time and extremely
civilized in a manner to be emulated by all people … although I found italians
with mob/mafia links/connections/sympathies to be like those rabid
perugians/italians who outrageously pilloried Amanda Knox, See,
ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdfhttp://www.albertpeia.com/112208opocoan/PeiavCoanetals.htmhttp://albertpeia.com/fbimartinezcongallard.htm}
Submitted
by Tyler Durden on 11/16/2013 - The establishment desires to acclimate
Americans to the idea that being anti-government is wrong; that it is a despicable philosophy
embracing social deviance, aimless violence, isolation and zealotry. Looking
beyond the mainstream position, my question is, is it really such a bad thing
to be anti-government today?
Submitted
by Tyler Durden on 11/16/2013 - Given our earlier discussion of Nobel
winner Sargent's comments on Greece and the gold standard, and the ongoing melt-up
in asset markets due to the 'limitless money-printing' of central banks around
the world, we thought it worth a look at what a gold standard is (and is not).
Before 1974, U.S. dollars were backed by gold. This meant that the federal
government could not print more money than it could redeem for gold. While this
constrained the federal government, it also provided citizens with a relatively
stable purchasing power for goods and services. Today's paper currency
has no intrinsic value. Professor Larry White asks, should the
United States return to a gold standard?
Submitted
by Tyler Durden on 11/16/2013 - Thailand is known for a lot of things –
quintessential white sandy beaches, hard partying nightlife, quiet Buddhist
reverence... But what a lot of people don’t realize is that Bangkok is
probably one of the most important cities in the world when it comes to illegal
trafficking. Human trafficking. Narcotrafficking. Money
laundering. Weapons. Forged documents. Etc. Bangkok is just as vital to these
industries as New York or London to the global financial sector. And now,
thanks to India’s sagging economy, they can add one more to this list: gold
smuggling... In Thailand, however, gold demand is up 125% from the 3rd
quarter of 2012.
Submitted
by Tyler Durden on 11/16/2013 - As the following Google Trends chart shows,
we can now wave goodbye to BTFD and replace it with our own humorous creation
to explain Bernanke's "market" - BTFATH.
Submitted
by Tyler Durden on 11/16/2013 - UnitedHealth, the nation's largest provider
of privately managed Medicare Advantage plans, has dropped thousands of doctors
from its networks in recent weeks citing "substantial funding pressure
from the federal government." The WSJ
reports that physician groups are protesting as many elderly patients are
now unsure about whether they need to switch plans to keep seeing their
doctors. Doctors in at least 10 states have received termination letters, some
citing "significant changes and pressures in the health-care
environment." UnitedHealth said its provider networks are always changing
and that it expects its Medicare Advantage network "to be 85% to 90% of
its current size by the end of 2014," due to the new health law (Obamacare).
More job creation?
Submitted
by Tyler Durden on 11/16/2013 - "Historically, there is no reason to
fear deflation,"
Nobel Laureate Thomas Sargent explains to Germany's
Wiwo.de, "we all benefit from lower prices." Crucially, he
continues, "countries with declining prices, such as Greece, must improve
the competitiveness they have lost in recent years," requiring falling
wages and rising productivity (and falling unit labor costs) which will lead to
companies cutting prices, "this is not a dangerous deflation, but part of
the necessary correction so that these countries are internationally
competitive again." That central banks pursue an inflation rate of
around 2%, Sargent blasts, is because they consider it their job to "make
bad debt good debt," adding that inflation is "a major redistribution
machine - reducing the real debt burden for the benefit of creditors
and devaluing the assets of the creditors." A return to a gold standard,he
concludes, to prevent governments and central banks from limitless
money-printing "would not be foolish."
Submitted
by Tyler Durden on 11/16/2013 - Not only is there a positive relationship
between stronger public finances during the crisis and faster post-GFC growth,
but the relationship holds both within and outside Europe. We have two observations. First, the
results may help explain why Keynesian pundits resort to nonsensical arguments.
They often claim that poor performance in countries attempting to contain
public debt proves austerity doesn’t work, which is like deciding your months
in rehab stunk, and therefore, rehab is bad and heroin is good. A more honest
approach is to compare fiscal actions in one time period with results in later
periods, after the obvious short-term effects have played out. But if
Keynesians did that, they would reveal that their own advice has failed.
Second, the effects discussed by Aslund don’t receive enough attention. As
Tyler Cowen (who gets credit for the pointer) wrote,
Aslund’s perspective “is underrepresented in the economics
blogosphere.”... Until now, we haven’t offered research on intermediate-term
effects – horizons of 2-5 years as in the charts above.
Submitted
by Tyler Durden on 11/16/2013 - When Tim Geithner announced his departure
from the US Treasury in January, the only question was how long would it take
the former NY Fed head to get a job with the only industry that he cared about
as either a Fed or Treasury official: Wall Street. Tim did his best to diffuse
such speculation with amusing stories about writing books, which were
accentuated by his refusal to join the Fed chairmanship race. Why not? After
all there was nobody that Wall Street would benefit more from as the head of
the Fed than TurboTax Tim. Today, less than a year after his exit from public
service, the answer has presented itself - Tim Geithner is joining private equity
titan Warburg Pincus, his first private sector job in decades since working for
Henry Kissinger early in his career.
Submitted
by Tyler Durden on 11/15/2013 - By now, thanks to Edward Snowden, it is
common knowledge and not just conspiracy theory, that every bit of information
sent out into the wired or wireless ether is scanned, probed, intercepted and
ultimately recorded by the NSA and subsequently all such information is and can
be used against any US citizen without a court of law (because the president's
pet secret NISA "court" is anything but). Sadly, in a country in
which courtesy of peak social networking, exhibitionism has become an art form,
the vast majority of Americans not only could not care less about Snowden's
sacrificial revelations, but in fact are delighted the at least someone,
somewhere cares about that photo of last night's dinner. However, it turns out
that far from being a passive listener and recorder, the NSA is quite an active
participant in using the internet. The weaponized internet.
Submitted
by Tyler Durden on 11/15/2013 - Within the last seven years 11 countries
(Poland (2006), Russia (2008), Finland (2009), France (2009), Sweden (2010),
Iceland (2011), Spain (2011), Denmark (2012), Singapore (2012), Canada (2012)
and Japan (2013) have realized the need to appoint their own Arctic
ambassadors. These ambassadors are used for analysis and situational
assessments in the emerging “grand Arctic game,” with the ultimate aim of
exploiting mineral resources and using the Arctic route for shipping cargo from
Europe to Asia. At present, China’s Arctic initiatives suggest that
Beijing is eager to camouflage its true interests in the region with
environmental monitoring, Arctic life protection and concerns about indigenous
peoples. At the same time, Beijing is dropping hints that China is
not satisfied with the current balance of power in the Arctic region.
Mikael Thalen | New documents
hidden deep inside the 2012 proposal request (# DIT-2996) give even greater
detail into the government’s ability to track and database virtually any
person.
bizpacreview.com | Arrogant
House Democrats refused to apologize Thursday for parroting their leader’s
repeated lie that Americans can keep their health insurance plans if they liked
them.
bizpacreview.com | An apparent
gun control supporter threatened to “go home and get a gun and come back and
kill” a group of Second Amendment activists.
The Daily Telegraph | Crime
rates will soar, economies will stagnate and Europe’s social fabric will
deteriorate if policymakers do not act to address youth unemployment, World
Economic Forum report warns.
Mikael Thalen | New documents
hidden deep inside the 2012 proposal request (# DIT-2996) give even greater
detail into the government’s ability to track and database virtually any
person.
With the market ebullient at the
prospect of
more "miracles" from Yellen, we thought it worth dusting off the
following brief clip discussing what it would mean to "end the
Fed." In order to answer this question, we examine countries
throughout history that did not have an established central bank. So who
performs the functions of a central bank in these countries? Professor White
cites private institutions, including clearing house systems, banks, and
financial companies, as the main actors in the monetary systems of countries
without a central bank. Ultimately, he concludes that the Federal
Reserve is not necessary. Evidence shows that nations can survive
without a central bank. What the Federal Reserve does well can be done even
better by private institutions, and the institution is capable of
serious errors.
The
Federal Reserve is creating hundreds of billions of dollars out of thin air and
using that money to buy U.S. government debt and mortgage-backed securities and
take them out of circulation. Since the middle of 2008, these purchases
have caused the Fed's balance sheet to balloon from under a trillion dollars to
nearly four trillion dollars. This represents the greatest central bank
intervention in the history of the planet, and Janet Yellen says that she does
not anticipate that it will end any time soon because "the recovery is
still fragile". Of course, as I showed the other day, the truth is
that quantitative easing has done essentially nothing for the average person on
the street. But what QE has done is that it has sent stocks soaring to
record highs. Unfortunately, this stock market bubble is completely and
totally divorced from economic reality, and when the easy money is taken away
the bubble will collapse. Just look at what happened a few months ago
when Ben Bernanke suggested that the Fed may begin to "taper" the
amount of quantitative easing that it was doing. The mere suggestion that
the flow of easy money would start to slow down a little bit was enough to send
the market into deep convulsions. This is why the Federal Reserve cannot
stop monetizing debt. The moment the Fed stops, it could throw our
financial markets into a crisis even worse than what we saw back in 2008. (Read More....)
