“Jay Devereaux hadn’t paid much attention to the daily drumbeat of partisan politics in D.C. He wasn’t a Washington nerd, and didn’t know who said what during congressional hearings — nor did he care.
But when news broke that the government was using taxpayer money to bail out Wall Street banks, he started paying attention and didn’t like what he was hearing.
So the Florida father and information technology specialist decided to [...]
sovereignman.com
March 28, 2013
To anyone paying attention, reality is now painfully obvious. These bankrupt, insolvent governments have just about run out of fingers to plug the dikes. And history shows that, once this happens, governments fall back on a very limited playbook:
1. Direct confiscation
As Cyprus showed us, bankrupt governments are quite happy to plunder people’s bank accounts, especially if it’s a wealthy minority.
Aside from bank levies, though, this also includes things like [...]
From FT:
bailing out offshore accounts would have been quite awkward. The wealthy Russians who he would be bailing out are one of his most loyal constituencies: they are thorough Putinists, and the current political landscape offers them no other outlet for their allegiance. When it comes to broader domestic opinion, any other Russians who were actually paying attention to the issue likely approved of Mr Putin’s performance. He was vocal [...]
Many have noted the fairly muted market reaction to the crisis unfolding in Cyprus.
At a press conference Wednesday following the Federal Reserve’s regular FOMC policy meeting, Fed Chairman Ben Bernanke nailed the general mood, telling reporters:
[Cyprus] does have some consequence. But having said that, you know, the vote failed and the markets are up today, and I don’t think that the impact has been enormous. I mean, I think it’s something we’re paying [...]
As we grow, we learn how to play and interact with others, and we learn how others react to us. We begin to develop an understanding of which behavior is acceptable and which is not, and if we are paying attention, we realize that there is a subtle system of rewards and punishments involved in social interaction. Adherence to this system is what keeps society together, and depending on what [...]
From All Star Charts:
It looks to me like the U.S. stock market is finally joining this Bearish Divergence party that we’ve seen throughout Europe this year. I think this is a development that is worth paying attention to.
You see, when prices in a given asset class make new highs, we also want to see momentum putting in higher highs. When momentum diverges, it’s a heads up that something isn’t right.
Think [...]
Is Lefty’s stance on California’s tax hikes a sign of things to come for millionaire athletes?
The Golden State’s new 13.3 percent income tax on top earners prompted golfer Phil Mickelson to say earlier this month he was considering a move, and according to the accountants who advise millionaire athletes, he was just saying what a lot of jocks were already thinking. Federal taxes on the top income bracket just rose by [...]
More Than Half Of School District Staff Attends CHL Class At High School
Academy (January 20, 2012)–About 95 teachers and staff of Academy ISD voluntarily spent their Sunday at the high school taking a concealed handgun license class free of charge.
http://www.kwtx.com/home/headlines/More-Than-Half-of-School-District-Staff-Attends-CHL-Class-at-High-School-187690061.html
Teachers, principals and even superintendents from districts including Waco, Midway, Temple, Belton, Killeen, Copperas Cove, Mexia and Groesbeck attended the CHL classes. Some had never fired a gun in their life [...]
The Market Can Only Ignore Fundamentals For So Long
While it is somewhat broadly understood that the ‘market’ is disconnected from ‘fundamentals’ currently – apparently on the basis of forward hope and central bank liquidity – we thought the following charts would be worthwhile paying attention to in an effort to shake off the anchoring biases that so strongly hold us as our nominally-priced markets break to new highs. Again and again [...]
The fabric of society is a very fragile thing. Most of it depends on imagination in order to operate and function. Say when most Americans wake up in the morning, they expect and accept many things as being true. They function all day long believing in these truths. Some work towards retirement, others barely make ends meet, and still others cannot cut it and stand around waiting for the proverbial [...]
New documents reveal that former marine Scott Olsen took a tear gas canister to the head, and suffered brain damage, courtesy of Wall Street.
Learn to love the Domestic Security Alliance Council.
—
This is a shocking report. Read the summary here:
FBI Documents Reveal Secret Nationwide Occupy Monitoring
Consider yourself excused if you missed this story during the holidays. How interesting that after 12 months of FOIA delays and outright lies from the FBI, the documents [...]
From Bruce Krasting:
Paul Krugman is one of the leading “names” in economics today. There are reasons for his stature. He’s got a Nobel Prize, he’s an academic at a leading university, he writes for the NY Times, and not a week goes by without him being on some TV show or another. If you asked the average guy on the street to name an economist, there’s a good chance the answer [...]
I am astonished that more Americans aren’t in an uproar about what is happening to Hobby Lobby right now. As many of you know, Hobby Lobby filed a lawsuit earlier this year to try and get relief from Obamacare’s abortion mandate. The case is still pending appeal, but the Supreme Court just rejected their request for an emergency injunction. In response, the Christian owners of Hobby Lobby have said they have [...]
By Michael
Europe is not just heading into another recession. The truth is that Europe is heading into a full-blown depression. The economy of the EU is actually larger than the U.S. economy, and we are watching it melt down right in front of our eyes. Things just continue to get worse in Europe, and yet somehow the authorities over in Europe just keep insisting that everything is going to be [...]
by Phoenix Capital Research
Mitt Romney has stated repeatedly that he would fire Bernanke if elected.
If this does indeed happen, then the inflation will take a big hit as QE will be finished. The market is already sensing this. Gold topped out right around the first debate when Romney began to surge in the polls:
Right around that time, the US Dollar caught a bid.
Now, I’m not saying that Romney will win [...]
On Afghanistan “I Make The Decisions! I’m The President! I Tell The Generals What To Do!”
Editor’s Note: Originally posted last Summer.
NH GOP Presidential Debate – Jun 14, 2011
If you want more Obama-Bush warmongering, deficit stacking, third-world pillaging, Wall Street sucking, bailout-blowing malfeasance, then step right up for your man Mitt, er Barack, my bad, I mean Robama Obamney.
If we were to rely on our generals, no war would ever end.
Wake up America. [...]
Mac Slavo
September 23rd, 2012
SHTFplan.com
For those of us paying attention to what’s happening in the world around us, the coming collapse is a foregone conclusion. All signs point to the inevitable: that an event, or series of events, will soon lead the world into what can be described as a modern period of the Dark Ages. Food will become scarce, violence will thrive, disease will spread, governments will turn on their [...]
by Michael
The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics. This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up. Right now, the U.S. dollar is the primary reserve currency of the world. Even though that [...]
Abercrombie & Fitch’s (ANF) skin-filled ads and nightclub vibe once delighted American teenagers and infuriated parents. Today, many aren’t even paying attention. The once-edgy retailer has lost a third of its market value in the past year as it grapples with falling sales in Europe and the U.S. While Abercrombie blames the economy for its woes, brand consultants say it also has failed to change with the times. Today’s teens are [...]
It’s not just in your head. Mondays really are the worst.
Monday is the only day the stock market is more likely to fall than to rise. The Dow Jones industrial average has been down 10 of the past 11 Mondays. And the two worst days in market history are both known as Black Monday.
There’s no single reason why Mondays are so blue. Then again, there’s no single reason the market [...]
From All Star Charts:
I’m not hearing a lot of chatter out there about the infamous yellow metal. You see, when gold is making all-time highs, it’s all that everyone likes to talk about. But when it’s in the process of consolidating those gains, market participants and the media get bored with it. Gold apparently loses its sex appeal when it doesn’t do anything.
Fortunately for those paying attention, corrections like this [...]
For those who haven’t been paying attention, gold prices have been on a tear, surging nearly $60/ounce this week.
Some are attributing this move to the dovish talk out of the world’s central banks.
“The ECB is ready to do whatever it takes to preserve the euro,” said European Central Bank president Mario Draghi yesterday morning.
Peter Schiff of EuroPacific Capital told King World News that this means the ECB will print tons more money, which would devalue the [...]
The man died as he was allegedly being forced to satisfy his many wives’ demands for sex in Ogbadibo, Nigeria
A wealthy businessman – and husband of six – has died after allegedly being forced into a marathon sex session with his ‘jealous’ wives.
Nigerian Uroko Onoja was having sex with the youngest of his spouses when the remaining five are reported to have set upon him with knives and sticks – [...]
I was shopping at Costco the other day and when I picked up a package of toilet paper it seemed smaller than usual. Not by much but noticably so. So when I got home I compared it to a previous package (Old one on top).
Notice the comments on the newer package (bottom), which show’s “wider sheets”, and now 30 jumbo rolls are the same as 83 regular rolls where they [...]
MarketWatch
Tom Lydon, editor of ETF Trends, says that investors looking for yield in an environment of historic lows need to be careful as they pursue better payouts, and he described the PowerShares Fundamental High Yield Corporate Bond Portfolio ( PHB 0.11% ) as an appropriate step up the risk ladder rather than a climb to the dangerous top.
In naming the PowerShares offering as his “ETF of the Week”: [...]
http://fivethirtyeight.blogs.nytimes…idential-race/
May 15, 2012, 8:55 AM
A 30,000-Foot View on the Presidential Race
By NATE SILVER
We are beginning to see more national surveys now, including this week’s New York Times/CBS News poll, which show Mitt Romney with a slight lead over President Obama in the general election matchup. To be sure, there are also a number of polls that put Mr. Obama slightly ahead. But his lead does seem to have narrowed — [...]
Police in Fort Lee, New Jersey are issuing $85 tickets to anyone caught texting while walking in a clamp-down on dangerous walkers.
In actions which could set a precedent for other police forces around the country, the Fort Lee Police Department (FLPD) have issued 117 tickets for reckless walking in just over one month.
And while it is a common known fact that you should not be texting while driving, the FLPD [...]
Infowars.com
May 7, 2012
In Austin, Texas, they call it “Foam Sword Friday.” Students get ready for their final exams by baring and waving foam swords from opposite sides of Guadalupe Street, a busy street on the University of Texas campus.
In the video here, we see a freshman wearing an Obama mask get whacked by a bus. He didn’t die and was not seriously hurt, thankfully. He wasn’t paying attention. He was [...]
While the Dallas Fed Manufacturing Index tends to be a little less of a headline-maker than many of its macro-data peers, today’s dismal report is worth paying attention to. The index turned negative for the first time this year, dropped to its lowest level in 7 months and missed expectations by the largest amount in 10 months. The drop from +10.8 to -3.4 is also the largest sequential drop in [...]
Civil servant in her 30s entitled to government payout because she had been sent on job
Judge rules sex is ‘ordinary incident of life’
Judge ruled she was hurt during the course of her employment – because she had been sent on a job in the small rural Australian town where she had checked in.
An Australian woman who was injured when a light fitting fell on her head while she was having [...]
A WOMAN who was injured while having sex in her hotel room during a work trip is entitled to compensation.
In the Federal Court today Justice John Nicholas ruled that the woman was injured during her “course of employment”.
The woman’s barrister argued that sex was an “ordinary incident of life” in a hotel room, much like showering and sleeping.
The Judge ruled that “if the applicant had been injured while playing a [...]
On Easter Friday we presented the parabolic egg that Italy laid in March in the form of Italian bank borrowings from the ECB, which had surged by a record €75 billion to €270 billion from €195 in one month. Of course, since the US market was closed and everyone was preoccupied with the ugly NFP report, nobody paid much attention. Today, however, everyone is paying attention as Italy’s counterpart in the unsalvageable [...]
Interesting article on the Chinese Shadow Banking System, and how one woman involved has been singled out for punishment.
http://www.bloomberg.com/news/2012-04-10/shadow-banks-on-trial-as-china-s-rich-sister-faces-death.html
Here’s an excerpt’:
Operating outside the banking system or government regulation, the informal networks provide an important source of economic growth, capital for private companies and return for investors seeking to beat inflation. Premier Wen Jiabao, in an unusual move, weighed in on the case at a March 14 news conference. His comments highlighted a public debate over [...]
More than a dozen 5th grade students mutilated themselves during class using the blades in pencil sharpeners.
A student is believed to have dislodged the blade and passed it around class in the mass-cutting while a substitute teacher was not paying attention.
Several children were taken to hospital, where one child still remains after the incident in Los Angeles last week.
The Los Angeles Unified School District confirmed the incident happened at the Normandie Avenue [...]
By Darrell Delamaide
WASHINGTON (MarketWatch) — Now that Greece has successfully navigated its default disguised as a voluntary debt restructuring and agreed to a pound of flesh for European Union aid, we can start worrying about Spain.
Spain is not Greece. Whereas Greece has been hobbled by a history of corruption, widespread tax evasion and weak governments, Spain has been an exemplary EU citizen since Franco’s death and its [...]
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