The collapse that’s going to occur here is going to be a trifecta of bonds, stocks and real estate combined.
The Fed over here has ordered – and I want everybody to listen because this is insider information – the Fed has ordered the U.S. pension funds to begin to acquire U.S. debt. That is coming down the pike, it’s going to start happening, the states are going to start carrying [...]
Thousands of people last week discovered that Amazon had quietly removed electronic copies of George Orwell’s 1984 from their Kindle e-book readers. In the process, Amazon revealed how easy censorship will be in the Kindle age.
Amazon operators used the Kindle wireless network, called WhisperNet, to quietly delete the books from people’s devices and refund them the money they’d paid.
An uproar followed, with outraged customers pointing out the irony that Amazon [...]
MCLEAN, Va. — A top official with the Federal Aviation Administration reassured the public on Wednesday that, despite the fear and paranoia of some, no armed drones will be permitted to fly in U.S. airspace.
“We currently have rules in the books that deal with releasing anything from an aircraft, period. Those rules are in place and that would prohibit weapons from being installed on a civil aircraft,” said Jim Williams, head of the FAA’s [...]
Anthony, 26, is trying to renege on $800,000 in debts – mostly stemming from the death of her daughter Caylee
She expected multimillion- dollar deals for books, moves and TV shows, but the big offers never came
Debts include $500,000 in attorney fees, $145,000 for the cost of the investigation into Caylee’s disappearance and $69,000 in back taxes
Court papers say she is unemployed with no recent income
Casey Anthony is filing for bankruptcy [...]
I was just doing a bit of research on the Constitution and unconstitutional laws. It seems that if someone were charged on an unconstitutional law there are cases on the books that show that the law is not a law and can not be enforced.
This is important info for all us Americans & freedomtards like me. :)
Unconstitutional Official Acts
16 Am Jur 2d, Sec 177 late 2d, Sec 256:
The general misconception [...]
“Peleas de Abajo may be the most indebted village in a country with a growing budget deficit brought on by years of buying and spending on credit that is drying up.
Across Spain, towns and villages are selling off assets, raising taxes and cutting budgets to avoid bankruptcy. Spain’s banks are seizing mortgaged property and selling it off to overcome nearly $250 billion in bad loans on their books.”
From Doug Hornig, Senior Editor, Casey Research:
High-frequency traders (HFT) have no interest in any company whose stock they’re trading.
They don’t care about its earnings, what sector it’s in, nor who’s on the board of directors.
They neither know nor care how it fares in technical analysis, and they don’t give a damn about its long-term prospects.
Likely as not, they don’t even know its name.
At the end of every day, after trading [...]
The velocity of money is at an all-time low, even lower then it was in the 50’s.
The new June retail sales reports are out and it does not look good. If this trend continues in to the winter we’ll run in to a new round of layoff and business closings.
Money in circulation is at an all-time high but the average dollar is being used in fewer transactions per year than [...]
GAIA THEORY SCIENTIST JAMES LOVELOCK SAYS HE MADE A MISTAKE ABOUT CLIMATE CHANGE
‘I made a mistake’: Gaia theory scientist James Lovelock admits he was ‘alarmist’ about the impact of climate change
In an interview with msnbc.com, he admitted: ‘I made a mistake.’
He said: ‘The problem is we don’t know what the climate is doing,’ he told ‘We thought we knew 20 years ago. That led to some alarmist books – mine [...]
L. Randall Wray: Why Mortgage-Backed Securities Aren’t (Backed by Securities): How MERS Toasted the Banks
“In a series of pieces I have argued that MERS, a creation of the mortgage banking industry, has effectively destroyed the institution of private property in America. Ironically, MERS was created to facilitate quick and easy and cheap securitization of mortgages — what are called mortgage-backed securities. In fact, what it did was to eliminate any [...]
It is now official: according to the US Treasury, America has closed the books on 2011 with debt at an all time record $15,222,940,045,451.09. And, as was observed here first in all of the press, US debt to GDP is now officially over 100%, or 100.3% to be specific, a fact which the US government decided to delay exposing until the very end of the calendar year. We wonder, rhetorically, just how prominent of a [...]
The past several years have seen a revival of interest in the Austrian School of economics… I’ve assembled this resource list to help beginners embark on a program of self-education in the Austrian School. I have marked a few titles with ** to indicate their importance.
Many of the books and audiobooks, in addition to all of the articles, that appear on the list below are available to read or [...]
While some believe the ECB’s new collateral and loan rules amount to a backdoor QE, allowing banks massive firepower to purchase sovereign debt, the banks themselves think differently. “When investors are constantly asking what you have on your books, and the board is asking you to reduce your exposure, it doesn’t really matter,” says the treasurer of a major EU bank. “Am I going to buy Italian bonds? No.” (see also i, ii, iii)
Friday, December 16, 2011 at 4:11 pm
What a crazy week this was. Like you, I’m glad it’s over.
For me, the action is somewhat bittersweet. I have no open trading positions so the decline in paper didn’t impact me at all. Additionally, The Great and Powerful Turd had a pretty solid week of prognostication. I can’t think of a single,paid subscription service that even came close to rivaling us this week. On [...]
With growing concerns about the safety of the US financial system, today King World News interviewed internationally followed Martin Armstrong, Founder and Former Head of Princeton Economics International, Ltd.. At one point Armstrong’s firm rose to be perhaps the largest multinational corporate advisor in the world. Armstrong had this to say about about corruption in the system, “Given the corruption in the legal system, the regulators…The SEC, the CFTC, they’ve never [...]
by Charles Hugh Smith from Of Two Minds
Why Isn’t Anyone Talking About Writing Off 3 Trillion Euros of Bad Debt?
The only solution to bad debt is to write it off–renounce it all. Why aren’t those who took the risks for their own private gain being forced to absorb the losses?
We all know some 3 trillion euros of debt in Europe is uncollectible. So why isn’t anyone talking about the [...]
The European Banking Crisis: Assessing the Damage and a Look Ahead
Editor’s Note: This is the first installment in a two-part series on the European banking crisis.
Special Series (Part 2): Looking Ahead in the European Banking Crisis
Europe: The State of the Banking System
Navigating the Eurozone Crisis
Europe faces a banking crisis it has not wanted to admit even exists.
The formal authority on financial stability, International Monetary Fund (IMF) chief Christine Lagarde, [...]
The article Inside Obama’s War Room is very misleading. The “Responsiblity to protect” story is a farce. Most of what is happening in middle-east has been engineered by the elites who use the local people’s desperation to further their own goals (Western governments are just a medium). To get a real understanding of what is really happening in the middle-east as well as ex soviet [...]
Investment planning should be kept as simple as possible while still meeting your needs. As a self-directed investor it is important to me to evaluate the situation, define what I want to accomplish, and decide how to get there. I find that putting this in writing helps me organize and clarify my thoughts into a useful assessment. This does not have to follow a rigid format as long [...]
America has now officially closed the books on the 2010-2011 fiscal year. It is only fitting that the last day of the year saw the settlement of all outstanding and recently auctioned off debt. The result: a surge of $95 billion in total government debt overnight, and a fiscal year closing with the absolutely unprecedented $14,790,340,328,557.15 trillion in debt. Net net, in the past [...]
House Speaker John Boehner (R-OH) issued the following statement today after the Administration announced that the President would veto H.R. 2560, the Cut, Cap, and Balance Act of 2011. The House is expected to vote on this legislation tomorrow.
“It’s disappointing the White House would reject this common-sense plan to rein in the debt and deficits that are hurting job creation in America. While [...]
It’s available at:
FRONTLINE: sick around the world |PBS
These graphs compare the health care systems of Japan, Britain, Switzerland, and Germany to the U.S.:
FRONTLINE: sick around the world: Graphs: U.S. Health Stats Compared to Other Countries | PBS
This is a review of “The Healing of America”:
Tom Hull: T.R. Reid: The Healing of America
Healthcare Costs Around the World – VisualEconomics.com
“In light of Judge Roger Vinsonâ€™s ruling that Obamacare is unconstitutional, Wisconsinâ€™s attorney general, J. B. Van Hollen, has declared the Badger State free of any obligations imposed by the law. â€œJudge Vinson declared the health care law void and stated in his decision that a declaratory judgment is the functional equivalent of an injunction,â€ Hollen says in a statement. â€œThis means that, for Wisconsin, the federal health care law [...]
It also likely experienced a comparable loss on its MBS portfolio. It’s a good thing the Fed has $57 billion in capital accounts. Which means 4 days like today, and all of the Fed’s equity buffer is wiped out. What happens next is up to congress.
The question that Zero Hedge has long been posing, namely why the Fed, which is now the world’s biggest and most leveraged [...]
There’s no free lunch. I think that’s the message we need to send.
Brilliantly stated Mr. Friedman. The govt “cooks the books” in order to cover up their lies and deceit. Friedman presents the correct definition of inflation an “increase of the money supply” which in turn causes the price of goods/services to rise. The most insidious tax of all is the “inflation tax”. END? THE FED!
I.e. we experience a brief rally followed by a crash. However, currently, there are several fundamental factors at work right now that seem to keep this economy from collapsing. This time the Federal Reserve is doing the right thing in keeping interest rates super low (.25%) and even buying U.S. Treasuries. #2 – Corporations accross the country have refinanced their debt on their books calculating [...]
That is, if CDS spread on bond issued by a bank goes up, the bonds market value is marked down. According to Statement 159 accounting concession given to banks, they can mark down the value of their debt also to this marked down market value and thus account the difference between issue price and the low market price as its profit in its books.
All American banks are going to make [...]
Looking at the year 2010 on the chart you can see a huge chasm between spending and revenue. Keep in mind that like most countries the US has two sets of books, so the situation is much more dire than the illustration. LetÃ¢â‚¬â„¢s go with what the graph states for now and look past 2010 where we see the fantasy of increased revenue. Revenues will not increase, and when the [...]
Charles Schwab. They are very service oriented and cheap. Go online and get one of their checking accounts with a brokerage account attached. Once you have that yo can invest in anything you want with direct transfer from your checking, or wherever. Plus once you are a customer you get all their services FREE. Go in and talk to someone, or call them up and start buying. Remember to buy [...]