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
Cat recommends the following video:
http://www.youtube.com/watch?feature=player_embedded&v=DBNYwxDZ_pA
{
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! }
THe
WReCK OF THe USS OBaMaCaRe...
Submitted by williambanzai7 on 11/18/2013 13:45 -0500
.
LiaR
OF THe JeKYLL...
Submitted by williambanzai7 on 11/19/2013
“TO BIT OR NOT TO
BIT”
WilliamBanzaiShakespeare
To Bit, or not to Bit: that is the question:
Whether ’tis nobler in the mind to suffer
The slings and arrows of outrageous fiat distortions,
Or to take arms against a sea of endless bubbles,
And by opposing end them? To die: to sweep;
No more; and by a sweep to say we end
The heart-ache and the thousand Wall Street schtupps
That insolvent flesh is heir to, ’tis a con-flagellation
Devoutly to be dish’d. To die, to sweep;
To sweep: perchance to scream: ay, there’s the hubub;
For aft that sweep of bankster dregs what new reams may come?
When we have shuffled off the immoral coinage,
Must give us pause: there’s the hazard of moral neglect
That makes calamity of sound money life;
For who would bear the whips and scorns of fiat debasement ,
The oppressor’s wrong, the borrowing idiot's contumely,
The pangs of despised austerity, the law of gravity's delay,
The insolence of central banking office and the spurns
That impatient murmur of money changing snakes,
When he himself might his quietus make
With a Benjamin Bernankin? who would QE fardels bear,
To grunt and sweat under a weary life of indebtured servitude,
But that the dread of something after redemption prior to maturity,
The undiscovered monetary wasteland from whose bourn
Are no asset returns, puzzles the will
And makes us rather bear those monetary ills we have
Than fly to others that we know not much of?
Thus risk avoidance does make cowards of us all;
And thus the creative hue of fiscal revolution
Is sicklied o’er with the pale cast of doubt,
And genius enterprises of great pith and moment
With this regard alternative currencies turn awry,
And lose the name of action.–Soft you now!
And now the Bitcoin hysteria…
While Banksta pimps 'r in thy orfices
Be all our financial sins and cowardices priced in.
Fake
Employment Numbers – And 5 More Massive Economic Lies The Government Is Telling
You
According
to a whistleblower that has recently come forward, Census employees have been
faking and manipulating U.S. employment numbers for years. In fact, it is
being alleged that this manipulation was a significant reason for why the
official unemployment rate dipped sharply just before the last presidential
election. What you are about to read is incredibly disturbing. The
numbers that the American people depend upon to make important decisions are
being faked. But should we be surprised by this? After all, Barack
Obama has been caught telling dozens of major
lies over the past five years. At this point it is incredible that
there are any Americans that still trust anything that comes out of his
mouth. And of course it is not just Obama that has been lying to
us. Corruption and deception are rampant throughout the entire federal
government, and this has been the case for years. Now that some light is
being shed on this, hopefully the American people will respond with
overwhelming outrage and disgust. (Read More....)
HeaLTHCaRe
BDSM
Submitted by williambanzai7 on 11/15/2013 10:28 -0500
.
INTRoDuCiNG
WiLLiaMBaNZai7'S SPeCiaL EDiTioN oF HoLiDaY PuKeS...
Submitted by williambanzai7 on 11/13/2013 14:47
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.
Best
wishes to you all,
And
Fuck You Ben Bernanke!
WB7
THiS
TWeeT Is DiFFeReNT!
Submitted by williambanzai7 on
11/12/2013
A List Of 23 Famous Obama
Quotes That Turned Out To Be Broken Promises Or Cold-Hearted Lies
How many lies can one president
tell and still retain any credibility? What you are about to see is
absolutely astounding. It is a long list of important promises that
Barack Obama has broken since he has been president. If he had only told
a few lies, perhaps the American people would be willing to overlook
that. After all, pretty much all of our politicians our liars.
Unfortunately, many of the lies that Obama has told appear to have been quite
cold-hearted in nature. For example, Barack Obama repeatedly made the
promise that “you
will be able to keep your health care plan” under Obamacare. But now
we are learning that he knew that this was a lie all along. Not only
that, the Democrats in Congress knew that this was a lie all along too.
In fact, U.S. Senator Kirsten Gillibrand, a Democrat, said
the following when she was asked about Obama’s promise to the American
people recently: “He should’ve just been specific. No, we all knew.” You
can see video of her making this statement right
here. The truth is that they all knew that millions upon millions of
Americans would lose their current health care policies under Obamacare.
They deliberately lied just so that they could get the law passed.
And of course this is far from
the only major lie that Obama has told in recent years. The following is
a list of 23 famous Obama quotes that turned out to be broken promises or
cold-hearted lies…
#1 “If you like your doctor, you will be able
to keep your doctor. Period. If you like your health care plan, you will be
able to keep your health care plan. Period. No one will take it away. No matter
what.”
#2 “My administration is committed to creating
an unprecedented level of openness in government.”
#3 “We agree on reforms that will finally
reduce the costs of health care. Families will save on their premiums…”
#4 “I don’t want to pit Red America against
Blue America. I want to be the president
of the United States
of America.”
#5 “We’ve got shovel-ready projects
all across the country that governors and mayors are pleading to fund. And
the minute we can get those investments to the state level, jobs are going to
be created.”
#6 “And we will pursue the housing plan I’m
outlining today. And through this plan, we will help between 7 and 9 million
families restructure or refinance their mortgages so they can afford—avoid
foreclosure.”
#7 “I will sign a universal health-care bill
into law by the end of my first term as president that will cover every
American and cut the cost of a typical family’s premium by up to $2,500 a
year.”
#8 “We reject the use of national security
letters to spy on citizens who are not suspected of a crime.”
#9 “For people with insurance, the only impact
of the health-care law is that their insurance is stronger, better, and more
secure than it was before. Full stop. That’s it. They don’t have to worry about
anything else.”
#10 “We will close the detention camp in
Guantanamo Bay, the location of so many of the worst constitutional abuses in
recent years.”
#11 “Allow Americans to buy their medicines
from other developed countries if the drugs are safe and prices are lower
outside the U.S.”
#12 “We will revisit the Patriot Act and
overturn unconstitutional executive decisions issued during the past eight
years.”
#13 “Will ensure that federal contracts over
$25,000 are competitively bid.”
#14 “We reject sweeping claims of ‘inherent’
presidential power.”
#15 “Will eliminate all income taxation of
seniors making less than $50,000 per year. This will eliminate taxes for 7
million seniors — saving them an average of $1,400 a year– and will also mean
that 27 million seniors will not need to file an income tax return at all.”
#16 “We support constitutional protections and
judicial oversight on any surveillance program involving Americans.”
#17 “If we have not gotten our troops out by
the time I am president, it is the first thing I will do. I will get our
troops home, we will end this war. You can take that to the bank.”
#18 “Will not sign any non-emergency bill
without giving the American public an opportunity to review and comment on the
White House website for five days.”
#19 “The President does not have power under
the Constitution to unilaterally authorize a military attack in a situation
that does not involve stopping an actual or imminent threat to the nation.”
#20 “We have a choice in this country. We can
accept a politics that breeds division and conflict and cynicism…. That is one
option. Or, at this moment, in this election, we can come together and say,
‘Not this time….’”
#21 “We’ve got to spend some money now to pull
us out of this recession. But as soon as we’re out of this
recession, we’ve got to get serious about starting to live within our
means, instead of leaving debt for our children and our grandchildren and our
great-grandchildren.”
#22 “[T]oday I’m pledging to cut the deficit we
inherited in half by the end of my first term in office. This will not be easy.
It will require us to make difficult decisions and face challenges we’ve long
neglected. But I refuse to leave our children with a debt that they cannot
repay – and that means taking responsibility right now, in this administration,
for getting our spending under control.”
#23 “I, Barack Hussein Obama, do solemnly swear
that I will execute the office of president of the United States faithfully,
and will to the best of my ability, preserve, protect, and defend the
constitution of the United States.”
About the author: Michael
T. Snyder is a former Washington D.C. attorney who now publishes The Truth. His new thriller entitled “The
Beginning Of The End” is now available on Amazon.com.
By
Unilaterally Changing Obamacare, Obama Is Making A Mockery Of The Constitution
Since
when can a president change a law all by himself? By unilaterally
declaring that certain provisions of Obamacare will not be enforced, Barack
Obama is making a mockery of the U.S. Constitution. For those that have
not read it, the U.S. Constitution says that the president “shall
take Care that the Laws be faithfully executed“. So when Obama
declares that he will not enforce certain provisions of Obamacare for a year,
he is directly violating the Constitution. And as Stanford Law School
Professor Michael McConnell wrote back in July, the Office of Legal
Counsel for the Justice Department “has always insisted that the president has
no authority, as one such memo put it in 1990, to ‘refuse to enforce a statute
he opposes for policy reasons.’” This is an open and shut case. If
the U.S. Congress still had a shred of respect for the Constitution, they would
immediately demand that Obama enforce the law as written. If Obama
refused, they should immediately impeach him. We are a country that is
run by the rule of law, and just because Obama’s new law completely screws up
one-sixth of the economy does not mean that he can unilaterally change
it. In our system, Congress makes the laws and the president enforces
them. If we allow any president to unilaterally change laws whenever he
does not like them, then that puts us dangerously close to having a dictator in
the White House. (Read More.....)
Too BiG To
JaiL...
Submitted
by williambanzai7
on 11/20/2013
The
Law demands that we atone
When we take things that
we don't own;
But leaves the lords and
ladies fine
Who take things that are
yours and mine...
Anonymous, circa 1764
.
.
The
dice of this moron are loaded
All
trust in our system's eroded
But
still he plays on
A
Kleptocrat Con
He'll
play till the world has exploded
The
Limerick King
.
.
.
.
.
.
Commemorating
100 Years of Central Bankster Schtupping
[I
am just too stupid to figure out why this picture won't center. It's not that I
haven't spent 15 minutes staring at the damned HTML code]
WB7
We
Americans are basically a very simple people.
Our
formula for past successes has essentially been distilled as follows: maintain
a "can-do" attitude, believe in the "American way", honest
hard work will be rewarded, abundant opportunity and upward mobility for all.
Those
who play the prosperity game correctly may look forward to retirement in
a spleniferous life of leisure and Obamacare.
Once
upon a time, this is is what American Thanksgiving was supposed to look like...
Most
Americans desperately cling to the foolish Ponzi pipe dream of a notion that
this Thanksgiving dream is still possible.
And
for some PhD morons who evidently borrow subprime QE money to purchase shitty
American vehicles made principally of plastic components sourced in Shenzen,
the dream has been fullfilled.
Unfortunately,
for reasons far to numerous to enumerate in this post, this is all just a Ponzi
Pilgrim's delusion.
There
is one big kahuna of a fucking reason so very plainly obvious.
When
it comes to ridding our fucking system of finance, the "fucking
system" if you will, of all the learned fucking thieves sitting the top of
the fucking Ponzi pyramid, we are hopelessly screwed up each and every one of
our Holland and Lincoln Tunnels.
The
same cheap fucking QE paper that buys those shitty vehicles will also pay the
much ballyhooed $13 Billion JPM shyster fine. Half of JPM's profits in 2013.
Gobble
fucking Goebbels.
I
won't insult anyone's fringe low brow intelligence by asking who has been
convicted.
In
any event, such a scenario is far to fetched to even consider.
Instead
I will pose the following question:
The
biggest most egregious case of financial fraud and chicanery by a US banking
institution measured by the fiat of the fine.
The
biggest fine ever!
"Hoooly
Cow!"--Phil Rizutto
Have
the regulators who are in charge of the whole JP Clusterfuck (you know the ones
who keep getting reappointed, promoted or hired by private equity firms)
applied their very substantial leverage to force the Shyster in Chief of JP Cesspool
to cede his shysterly position by resigning?
Is
this something that could have happened? Of course it is.
Don't
believe me?
Go
and ask our distinguished colleague Bill Black, Esq what he thinks.
Does
the fact that the same schlemiel will remain in charge of the old JP Cesspit
send the rest of us a message?
You
better believe it does...
Whatcha
are you gonna do sisters and brothers?
Sadly,
for most of the rest of America it all boils down to this...
Goebbel,
Goebbel, Goebbel!
Submitted
by williambanzai7
on 11/20/2013
The
Law demands that we atone
When we take things that
we don't own;
But leaves the lords and
ladies fine
Who take things that are
yours and mine...
Anonymous, circa 1764
.
.
The
dice of this moron are loaded
All
trust in our system's eroded
But
still he plays on
A
Kleptocrat Con
He'll
play till the world has exploded
The
Limerick King
.
.
.
.
.
.
Commemorating
100 Years of Central Bankster Schtupping
[I
am just too stupid to figure out why this picture won't center. It's not that I
haven't spent 15 minutes staring at the damned HTML code]
WB7
We
Americans are basically a very simple people.
Our
formula for past successes has essentially been distilled as follows: maintain
a "can-do" attitude, believe in the "American way", honest
hard work will be rewarded, abundant opportunity and upward mobility for all.
Those
who play the prosperity game correctly may look forward to retirement in
a spleniferous life of leisure and Obamacare.
Once
upon a time, this is is what American Thanksgiving was supposed to look like...
Most
Americans desperately cling to the foolish Ponzi pipe dream of a notion that
this Thanksgiving dream is still possible.
And
for some PhD morons who evidently borrow subprime QE money to purchase shitty
American vehicles made principally of plastic components sourced in Shenzen,
the dream has been fullfilled.
Unfortunately,
for reasons far to numerous to enumerate in this post, this is all just a Ponzi
Pilgrim's delusion.
There
is one big kahuna of a fucking reason so very plainly obvious.
When
it comes to ridding our fucking system of finance, the "fucking
system" if you will, of all the learned fucking thieves sitting the top of
the fucking Ponzi pyramid, we are hopelessly screwed up each and every one of
our Holland and Lincoln Tunnels.
The
same cheap fucking QE paper that buys those shitty vehicles will also pay the
much ballyhooed $13 Billion JPM shyster fine. Half of JPM's profits in 2013.
Gobble
fucking Goebbels.
I
won't insult anyone's fringe low brow intelligence by asking who has been
convicted.
In
any event, such a scenario is far to fetched to even consider.
Instead
I will pose the following question:
The
biggest most egregious case of financial fraud and chicanery by a US banking
institution measured by the fiat of the fine.
The
biggest fine ever!
"Hoooly
Cow!"--Phil Rizutto
Have
the regulators who are in charge of the whole JP Clusterfuck (you know the ones
who keep getting reappointed, promoted or hired by private equity firms)
applied their very substantial leverage to force the Shyster in Chief of JP Cesspool
to cede his shysterly position by resigning?
Is
this something that could have happened? Of course it is.
Don't
believe me?
Go
and ask our distinguished colleague Bill Black, Esq what he thinks.
Does
the fact that the same schlemiel will remain in charge of the old JP Cesspit
send the rest of us a message?
You
better believe it does...
Whatcha
are you gonna do sisters and brothers?
Sadly,
for most of the rest of America it all boils down to this...
Goebbel,
Goebbel, Goebbel!
One
Lawmaker Is Literally Smashing The Belongings Of The Homeless With A
Sledgehammer
There
is a war on compassion in America today. You are about to read about a
Hawaii lawmaker that has used a sledgehammer to smash up at least 30 shopping
carts that homeless people were using. Yes, you read that
correctly. He is actually carrying a sledgehammer around so that he can
destroy the belongings of homeless people. He claims that it is his
intention "to do something practical that will really clean up the
streets". But as crazy as that sounds, the truth is that he is not
alone. As you will read about below, there are dozens of major cities all
over the country where feeding the homeless has been banned. In many of
these instances, public officials are very open about the fact that the goal is
to make their cities "cleaner" and "safer" places to
live. They simply do not want the homeless around. In fact, there
are some cities such as San Diego and San Francisco where social workers are
actually giving homeless people one-way bus tickets out of town. If you
doubt this, just keep reading. The United States is becoming a very cold,
heartless place, and homeless people are increasingly being treated like human
garbage in this country. So how bad will the treatment of the homeless
become when the economy gets really bad? (Read More....)
Americans
Are More Skeptical About NSA Spying than Ever ... Despite Massive Propaganda
Campaign
3 Senators with
Top Secret Clearance “Have Reviewed This Surveillance Extensively and Have Seen
No Evidence That The Bulk Collection of Americans’ Phone Records Has Provided
Any Intelligence of...
Crowdfunding
now going mainstream in SouthEast Asia
The Law demands
that we atone; When we take things that we don't own; But leaves the lords and
ladies fine; Who take things that are yours and mine... (Anon.) Submitted
by Tyler Durden on
11/20/2013 - The cheapest
plan now has a deductible of $6350! Before it was $150. Employees making $9 to
$10/hr, have to pay $30/wk and have a $6350 deductible!!! What!!!! They can't
afford that to be sure. Obamacare will kill their propensity to seek medical
care. More money for less care? How does that help them? Here is the craziest
part. Employees who qualify for mediCAL (the California version of Medicare),
which is most of my employees, will automatically be enrolled in the Federal
SNAP program. They cannot opt out. They cannot decline. They will be
automatically enrolled in the Federal food stamp program based upon their level
of Obamacare qualification. Remember, these people work full time, living in a
small town in California. They are not seeking assistance. It all seems like a
joke. How can this be the new system? Pelosi, pass the bill to find out
what's in it? Surprise! You've annihilated the working class. Submitted
by Tyler Durden on
11/20/2013 - Meet
Jessica Sanford.
Upon the rollout of Obamacare she was 1 of maybe 5 people in the entire nation
who was able to access the website and actually sign up through one of the
state exchanges. In her case, it was the Washington exchange. She was
so thrilled about her purchase that she wrote a letter to President Barrack Obama
expressing her undying gratitude. Since her letter was quite possibly the only
positive letter the Administration received, the President proudly read it
aloud during his Obamacare speech on October 21st. The only problem is that
a few days later she was repriced out of Obamacare. So she’s now uninsured
again... Submitted
by Tyler Durden on
11/20/2013 - 22:04
The following Top Ten Market
Themes, represent the broad list of macro themes from Goldman Sachs'
economic outlook that they think will dominate markets in 2014. They summarize their positive
growth expectations: if and when the period of stability will give way to
bigger directional moves largely depends on how re-accelerating growth forces
the hands of central banks to move ahead of everybody else. And, in practice,
that boils down to the question of whether the Fed will be able to prevent the
short end from selling off; i.e. it's all about the Fed. Submitted
by Tyler Durden on
11/20/2013 - A
decision by the FHFA requiring the GSEs to finally release detailed
information on loans they acquired and guaranteed uncovers an ugly truth about
the GSEs that many should be aware of (as
we noted the exuberance here). The release was only required on 35 million
fully-amortizing, full documentation, 30-year fixed rate mortgages, which means
as JPMorgan's Michael Cembalest notes the underwriting histories on another
20-30 million loans (e.g., the riskier ones) remain a mystery (and likely will
forever). As Cembalest concludes, some people made up their minds on all the
factors causing the housing crisis in 2009, and others in 2011. As long as new
information keeps coming out, it seems premature to close the book on it, he
adds, first, the private sector descent into underwriting hell took
place well after the multi-trillion dollar GSE balance sheets had gone there
first; and second, there are many reasons to wonder how bad the former would
have been had the latter not preceded it. Submitted
by Tyler Durden on
11/20/2013 - With
such a spectacular source of impeccably timed, if always wrong, FX trading
recommendations as Tom Stolper, who has cost his Submitted
by Tyler Durden on
11/20/2013 - China's
HSBC Flash PMI missed expectations rather notably (50.4 vs 50.8 exp)
and dropped its most MoM since May as the hope-mongering of a
China-led renaissance in global growth is dashed on the shores of liquidity
reality. It was a mixed bag - providing just enough for everyone under the
covers. New exports orders dropped to 3-month lows and employment flipped into
the deteriorating camp but manufacturing output rose to its highest in 8 months
(sure, why not - the "if we build it then we'll
vendor finance it" model worked before, right?) Market reactions are
generally bad-news-is-bad-news with US equity futures down and
the Hang Seng extending losses. Submitted
by Tyler Durden on
11/20/2013 - At
this point it is incredible that there are any Americans that still trust
anything that comes out of the administration's collective mouth. And of
course it is not just Obama that has been lying to us. Corruption
and deception are rampant throughout the entire federal government, and this
has been the case for years. Now that some light is being shed
on this, hopefully the American people will respond with overwhelming outrage
and disgust. Aside from the now "fake" employment data, the following
are five massive economic lies that the government has been telling
you...
Our financial system is far more vulnerable than we
are being told. We are in the terminal phase of the greatest debt bubble
in the history of the planet, and when this bubble bursts it is going to be an
absolutely spectacular disaster. Please don't believe the mainstream media or
the politicians when they promise you that everything is going to be okay. Submitted
by Tyler Durden on
11/20/2013 - While we hope that the attached
Bloomberg chart showing the best paying jobs for people without a high-school
diploma will be of no use to our readers (for the simple reason that we assume
Zero Hedge readers are well-educated in anything but conventional economics -
that subset will likely be found at the end of a Krugman column), as more and
more Americans finds themselves questioning not only the utility of a
university education (and especially the associated loans) but the educational
system in general, the reality is that there are many well-paying jobs available
regardless of one's educational level, most of which pay above the median US
income. Some notable omissions - any position on Wall Street. Some notable
inclusions - tapers. Maybe this is why the Fed never
wants to mention the "trimming the pace of asset purchases" by its
true name. Submitted
by Tyler Durden on
11/20/2013 - 18:53
That the Fed has a problem is
increasingly well known - despite the blather from the mainstream media that QE
monetization can continue ad infinitum. Their problem, of course, is running
out of government-provided liabilities to monetize (as deficits shrink and
their ownership of the entire Treasury complex surges). They face other
problems (as we have noted before) but the admission that they are
boxed in would have major ramifications in the market's faith. So, how
does the Fed, faced with the knowledge that they have created asset bubbles,
broken the bond market, and are boxed in by their own excess still meet the
market's undying desire to keep the flow going? Bill Dudley just, perhaps
inadvertently, dropped a hint of the next 'market/scapegoat' for monetization -
Student loans. Submitted
by Tyler Durden on
11/20/2013 - After
meeting today with Pres Obama, National Assn of Insurance Commissioners warns
of possibility of higher premiums for consumers. —
Mark Knoller (@markknoller) November 20,
2013 Submitted
by Tyler Durden on
11/20/2013 - Economics
is all about making rational decisions given some set of likes and dislikes. It
doesn’t presume to tell you what you should like or dislike, and it assumes
that you do in fact know what you like or dislike. Or at least that’s what economic
theory used to proclaim. Today economic theory is used as the intellectual
foundation for a political stratagem that goes something like this: you do not
know what you truly like, and in particular you do not know your economic
self-interest, but luckily for you we are here to fix that. This is the common
strand between QE and Obamacare. The former says that you are wrong to prefer
safety to risk in your investments, and so we will fix that misconception of
yours by making it extremely painful for you not to take greater investment
risks than you would otherwise prefer. The latter says that you are wrong to
prefer no health insurance or a certain type of health insurance to another
type of health insurance, and so we will make it illegal for you to do anything
but purchase a policy that we are certain you would prefer if only you were
thinking more clearly about all this. Submitted
by Tyler Durden on
11/20/2013 - Days
after being granted omnipotent "decree" powers, and a week after the
Venezuelan president wielded his mighty Marxist sword and jailed
100s of "bourgeois, barbaric, capitalist parasites"; Maduro has
unveiled his latest "keep the masses happy" trick... *VENEZUELA TO SPEND $100M
ON SAMSUNG IMPORTS: RAMIREZ Why didn't AAPL get the nod? As
Maduro explained yesterday, 15-30% margins are "enough"... Of course,
the US is disappointed in the decision to grant Maduro "decree
power" - perhaps as they didn't think of it sooner (though they
do have the Obamaphone?). Submitted
by Tyler Durden on
11/20/2013 - John
Fichthorn and his $500MM Dialectic Capital hedge fund may not be household
names, but in a time when "fighting the Fed", i.e. trading on
fundamentals and not on the Fed's balance sheet, is heresy, John may be the
biggest bear around, maybe even bigger than Faber. He revealed as much in an
interview earlier when he said that the current trading environment may be the
shorting
opportunity of a lifetime. To wit: "we
think the [shorting] opportunity with any kind of reasonable timeframe now is
really the best we've seen since starting our firm ten years ago, and really
since i've been doing this since 1995, and i was a short seller in the middle
of the internet bubble, and in many ways, this is more compelling
because it makes less sense." Submitted
by Tyler Durden on
11/20/2013 - Pardon,
that would be taper, but the picture below is quite indicative of what
the market thinks of even the most tentative Fed plans to pull the punchflow
(because by
now even the Top 5 Under 5 traders know the Stock is irrelevant and only the
Flow matters) away. Submitted
by Tyler Durden on
11/20/2013 - 15:45
Considering Jan Hatzius and NY
Fed's Bill Dudley are close Pound & Pence drinking buddies, when it comes
to assessing what the Fed "meant" to say, one should just throw the
embargo-minutes penned Hilstanalysis in the garbage and just focus on what the
Goldman chief economist thinks. His summary assessment: the minutes were
relatively neutral, March is the most likely first taper date although "December
is still possible." Paul Joseph Watson | City of Dallas attempts to crush First
Amendment. Infowars.com | The protest at corner of Pearl and
Woodall Rodgers Freeway is underway. Adan Salazar | Nothing to see here… DoD trains for
“urban operations.” Steve Watson | Victim’s relative: “It’s absolutely
disgusting that somebody thinks this is funny”. Paul Joseph Watson | Cop arrests dad for trying to pick kids
up from school. Paul Joseph Watson | “You don’t need a reason as a parent to
go get your children, they are our children.” Boing Boing | She neglected to
include healthful Ritz crackers in her kids’ school lunches. Michael Snyder | Census
employees have been faking and manipulating U.S. employment numbers for years. Obama’s
Approval Rating Drops to 37%; Lowest In His Presidency CBS News Poll | Approval rating dropped nine points in
just a month. JP Morgan in record $13bn settlement with US regulators BBC | Largest settlement ever between the US
government and a corporation. 80 is the new 60 when it comes to retirement New York Post | Americans concerned they won’t have
enough money for retirement. Michael Snyder | The more Americans learn about Obamacare,
the less they like it. Paul Joseph Watson | Cop arrests dad for trying to pick kids
up from school. Steve Watson | Victim’s relative: “It’s absolutely
disgusting that somebody thinks this is funny”. Paul Joseph Watson | City of Dallas attempts to crush First
Amendment. CBS Miami | “The screen says I’m sorry but the system
is temporarily down.” CBS News | President Obama’s job approval rating has
plunged to the lowest of his presidency. Paul Joseph Watson | “You don’t need a reason as a parent to
go get your children, they are our children.” Boing Boing | She neglected to
include healthful Ritz crackers in her kids’ school lunches. RT | Dozens of Texas drivers
have been stopped at a police road block, where they were then directed into a
parking lot and forced into surrendering blood, saliva and breath samples. Michael Snyder | Since when can
a president change a law all by himself? Euro
plummets as ECB mulls negative deposit rate London Telegraph | European Central Bank policymakers have
discussed taking monetary policy into uncharted territory. Business Insider | Bitcoin is
now down to about $460. Fake Employment Numbers – And 5 More Massive Economic Lies The
Government Is Telling You Michael Snyder | Census
employees have been faking and manipulating U.S. employment numbers for years. At UN Summit, Poorer Regimes Demand Trillions in Climate Loot New American | Regimes
oppressing populations in poorer nations are demanding that taxpayers in
wealthier countries start promptly handing over trillions of dollars —
supposedly to deal with “climate change.” Michelle
O: Husband 'in bathroom all the time just singing'... Sebelius asked to explain $2B in Obamacare
loans... Congresswoman
attacked, mugged near Capitol building... Rand
Paul: Chris Christie embraces Obamacare... Atheist 'mega-churches' take root across US, world { They are intellectually dishonest,
disingenuous, and most importantly, absolutely wrong. Quite simply, atheists
are pathetic! }
Knox's knife DNA casts doubt on murder weapon
{ 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 … although, truth be told, 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.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm ) } Submitted by williambanzai7 on 11/16/2013 22:04 -0500
. . . . . . If there were any shreds of hope
left that the stunning decline of the middle class could be turned around,
Obamacare has absolutely destroyed them. Over the past decade or so, the
middle class in the United States has been absolutely eviscerated. The number of
working age Americans without a job has increased by 27 million since the year 2000, median household
income in the U.S. has fallen for five years in a row, and the poverty
numbers in this country are spiraling out of control. And now
here comes Obamacare. As you will see below, Obamacare is causing
millions of Americans to lose their current health insurance policies, it is
causing health insurance premiums to explode to absolutely ridiculous levels,
and it is systematically killing jobs even though the employer mandate has been
delayed for a while. All of this is creating a tremendous amount of
stress for millions of middle class families that are already stretched
extremely thin financially. According to CNN, a survey that was conducted earlier this year found that 76
percent of all Americans are living paycheck to paycheck. Most of those
families simply cannot afford to pay much higher health insurance premiums for
new policies that also come with much larger deductibles and significantly
increased out-of-pocket costs. Millions of those families will ultimately
end up choosing to do without health insurance altogether, and that will create
a whole host of new problems. This is a disaster that is so enormous that
it is really hard to put into words. If the U.S. health care system was a
separate country, it would be the 6th largest economy on the entire globe all
by itself. And now Obamacare is going to bring the entire U.S. health
care system to its knees. (Read More....) Americans
Are Disgusted By BOTH Republicans and Democrats Posted by : George Washington Post date: 10/11/2013 - 60% of Americans Want a Third Party Candidate
for 2016 { Make that a ‘Second
Party Candidate’ since there seems to be a morphed one party which could be
aptly called the repdemolicansocrats which has supported failure, obama’s
failure, ultimately at every turn, though contraindicated, favoring that 1%
with their ‘non-plan plan’ which has somewhat obfuscated wobama’s unequivocal
failure in terms of selling the sizzle ( like Zimbabwee, soaring
inflation/asset bubbles/paper share prices, etc.) … Bob Woodward did not mince
words in positing blame with wobama …
Yet, the incompetence/corruption is pervasive which is my direct
observation and experience … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm } The
"Obamacare Shock" - One California Employer's Terrifying True Story
Obama's
"Success Story" Woman Repriced Out Of Obamacare
Goldman's
Top Ten 2014 Market Themes
"The
Course of Empire": A Retrospective On The US Housing Crisis
Let's
Hear It For The Volcker Rule: Goldman Loses Over $1 Billion In FX Trade Gone
Bad In Q3
muppets clients tens of
thousands of pips in currency losses in the past 5 years, and thus generated
the inverse amount in profits for Goldman's trading desks, the last thing we
expected to learn was that Goldman's currency traders, who by definition takes
the opposite side of its Kermitted clients - because prop trading is now long
forbidden, (right Volcker rule?) and any prop trading blow up in the aftermath
of the London Whale fiasco is not only a humiliation but probably illegal - had
lost massive amounts on an FX trade gone wrong. Which is precisely what
happened.China
Flash PMI Drops Most In 6 Months
Guest
Post: The 5 Economic "Big Lies" The Government Is Telling You
No
High School Diploma? No Problem: Here Are The Best Paying Jobs For You
Did
Bill Dudley Just Unveil The Fed's Real Taper "Scapegoat" Plan?
Here
Come The Even Higher Insurance Premiums
When E.F.
Hutton Talks
Maduro's
First Socialist "Decree" - $250 Samsung Trinkets For Every Venezuelan
*VENEZUELA TO IMPORT 400,000 SAMSUNG PRODUCTS, RAMIREZ SAYSIs This
The Market's Biggest Bear?
The Tapir
Strikes Again
Goldman's
FOMC Post-Mortem: "Relatively Neutral" But "December Taper
Possible"
JFK 50th Anniversary: Fight For Free Speech
Alex Jones Protests the Federal
Reserve, Fights for Free Speech in Dallas
Phoenix Residents Freak Out Over DoD
Military Exercises
Sick Sandy Hook ‘Game’ Lets You Shoot
Kids, Then Preaches On Gun Control
Does the Government Own Your Children?
Father Arrested For Trying to Pick
Kids Up From School
Mother fined $10 for not including
Ritz crackers in kids’ school lunch
Fake Employment Numbers – And 5 More
Massive Economic Lies The Government Is Telling You
10 Obamacare Horror Stories That Are Almost Too Crazy To
Believe
Does the Government Own Your Children?
Sick Sandy Hook ‘Game’ Lets You Shoot
Kids, Then Preaches On Gun Control
JFK 50th Anniversary: Fight For Free
Speech
Healthcare Site Crashes While Sebelius
Tries To Sign Person Up At Media Event
Poll: Obamacare support, Obama
approval sink to new lows
Father Arrested For Trying to Pick
Kids Up From School
Mother fined $10 for not including
Ritz crackers in kids’ school lunch
Texas drivers pulled over at random,
told to turn over blood, saliva samples
By Unilaterally Changing Obamacare,
Obama Is Making A Mockery Of The Constitution
AL
QAEDA IN KENTUCKY
VIDEO:
White House aides feared Obamacare site issues before launch...
Email
chain details concerns...
'UH
OH!': Healthcare.gov Crashes While Sebelius Tries To Sign Person Up At Media
Event...
Website
mocked by insurance company...
HHS
plans to spend up to $7B -- to cut costs...
POLL:
93% want to see Obamacare altered or repealed...
ANALYSIS: 50 to 100 million insurance cancellations coming...
Small
business owner tells Congress health law 'driving me to drink'...
Distraught
Mom: Son Thinks Feds Planted 'Obamacare' Chip In His Teeth, Cameras In Dog's
Eyes...
VIDEO: 'Navigator' Director Conspires to Release Private
Data...
I
HaVe HaZ ENuFFS!!!
Collecting
Donations For Wal-Mart Employees That Cannot Afford Thanksgiving Dinner?
You may find what is happening at
one Wal-Mart in Ohio very hard to believe. At the Wal-mart on Atlantic
Boulevard in Canton, Ohio employees are being asked to donate food items so
that other employees that cannot afford to buy Thanksgiving dinner will be able
to enjoy one too. You can see a photo of the donation bins that has been
posted on Twitter right
here. On the one hand, it is commendable that someone at that
Wal-Mart is deeply concerned about the employees that are so poor that they
cannot afford to buy the food that they need for Thanksgiving. On the
other hand, this is a perfect example that shows how the quality of the jobs in
this country has gone down the toilet. Wal-Mart is the largest employer
in the United States and it had operating income of 26.5
billion dollars last year. Wal-Mart is not required to pay their
employees a decent wage, and it is very unlikely that anyone will force them
to. But they should. Because Wal-Mart does not pay
decent wages to their employees, the rest of us end up with the bill. As
you will see below, huge numbers of Wal-Mart employees end up on Medicaid and
other government assistance programs. Meanwhile, those that control
Wal-Mart continue to enjoy absolutely massive profits. (Read More....)Obamacare:
The Final Nail In The Coffin For The Middle Class
The
Federal Reserve Is Monetizing A Staggering Amount Of U.S. Government Debt
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....)
