`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! }`

FLASHBACK: Government has shut down 17 times since 1976...

{ 10-4-13 There was a server glitch/downtime on web server which precluded upload / bluehost.com techs confirmed the same (attack?); and, as always, reliably and diligently resolved the problem. }

THe WiZaRD oF PONZ... Posted by : williambanzai7 Post date: 10/08/2013 - Pay no attention to that Keynesian moron behind the curtain!

THe WiZaRD oF PONZ...

Submitted by williambanzai7 on 10/08/2013 12:33 -0400

The Symbolism Hidden Within "THE WIZARD of OZ"
~ author unknown

The "Wizard of Oz", written by L. Frank Baum, is not a mere child's story.

What is "Oz" a symbol for? Ounces.

What is measured in ounces? Gold.

What is the yellow brick road? Bricks or ingot bars of gold.

The character known as the Straw Man represents that fictitious, ALL CAPS, legal fiction - a PERSON, the Federal U.S. Government created with the same spelling as your birth name.

Remember what the Straw Man wanted from the Wizard of Oz? A Brain! No juristic person - legal fiction - paper corporation has a brain because he/she has no breath of life.

What did he get in place of a brain? A certificate: a Birth Certificate for a new legal creation.

He was proud of his new legal status, plus all the other legalisms he was granted. Now he becomes the epitome of the brainless sack of straw who was given a certificate in place of a grain of common sense.

Now, what about the Tin Man? Does Taxpayer Identification Number (TIN) recall anything to mind? The poor TIN Man just stood there mindlessly doing his work until his body literally froze up and stopped functioning.He worked himself to death because he had no heart nor soul.

He's the heartless and emotionless creature robotically carrying out his daily task as though he were already dead. He's the ox pulling the plow and the mule toiling under the yoke. These days, his task masters just oil him nightly with beer and place him in front of a hypnotic television until his very existence no longer has any meaning or value. His masters keep him cold on the outside and heartless on the inside in order to control any emotion or feeling that might arise.

The Cowardly Lion was always too frightened to stand up for himself. Of course, he was a bully and a big mouth when it came to picking on those smaller than he. (Have you ever noticed how bullies are really the biggest cowards? They act as though they have great courage, but, in reality, have none at all. They roar, but with no teeth of authority to back them up.) When push came to shove, the Cowardly Lion always buckled under and whimpered when anyone of any size or stature challenged him. He wanted courage from the Grand Wizard, so he was awarded a medal of "official" recognition. Now, although remaining a coward, his official status allowed him to be a bully, but with officially recognized authority. (He's not unlike the Attorneys who hide behind the Middle Courts of the Temple Bar.) et al ad infinitum.

What about the trip through the field of poppies? Did you notice how this had no narcotic effect on the Straw Man (no brain) or the Tin Man (no heart or soul)? They weren't real people, so drugs could not influence them.

The Wizard of Oz was written at the turn of the century, so how could the author have known America was going to be drugged?

The Crown has been playing the drug cartel game for centuries.

Just look up the history of Hong Kong and the Opium Wars.

The Crown already had valuable experience conquering all of China with drugs, so why not the rest of the world?

What was the Emerald City? The Federal Reserve System.

Who finally exposed the Wizard for what he really was?

Toto, the ugly (or cute, depending on your perspective) and somewhat annoying little dog. Toto means "in total, all together; Latin in toto."

What was it that the witch wanted after she alleged that the little dog had bitten her? TOTO. ... everything. Notice how Toto was not scared of the Great Wizard's theatrics, yet he was so small in size, compared to the Wizard, that no one seemed to notice him?

The smoke, flames and holographic images of Oz were designed to frighten people into doing as the Great Wizard commanded.

Toto simply padded over, looked behind the curtain (the COURT, etc.), saw it was a scam, started barking until others paid attention to him and came to see what all the barking was about. Who was behind the curtain?

Just an ORDINARY PERSON controlling the levers that created the illusion of the Great Wizard's power and authority.

When Toto pulled back the curtain and completely exposed him, the charade was at an end. (The veil hiding the corporate legal fiction and its false courts was removed.)

The Wizard's game was UP. What was he after all? ... a con-man. A FRAUD.

We can see, in this tale, just how loud the bark from a little dog can be.

How about YOUR bark? How big is it?

Most of us remain silent and wait to be given whatever food and recognition, if any, by our legal master.

Let us not forget those pesky flying monkeys. What perfect mythical creatures to represent the Bar Association Attorneys who attack and control the little people for the Great Crown Wizard, the powerful and grand Bankers of Oz: GOLD!

How, finally, was the evil witch destroyed? .... pure, clean water LIQUIDATION!

How, at last, did Dorothy get home? She simply clicked her heels. She always had the power, and SO DO WE!

What would it take to expose the Wizard for what he is, tearing away his veils?

We each need only a brain, a heart and soul --- and COURAGE.

[Via the PowerHour.com]

"This isn't Keynesia Toto..."

"Watch how munch you munch Munchkin..."

"If I were King of the distorted..."

"Some people without brains do an awful lot of talking, don't they?"

.

.

"And Bears, oh my..."

"Hopeless..."

"Go and bring him to me!"

"Pay no attention to that Keynesian moron behind the curtain."

.

.

Fact Or Fiction: Obama Administration Proposes 2,300-Page "New Constitution"

Submitted by Tyler Durden on 10/10/2013 - 20:14

The U.S. Constitution leaves too many areas open to interpretation; a New Constitution of 2,300 pages (+ 200 redacted secret pages) is the solution.

Stocks Resume Ramp As Old News That Republicans Are Heading To White House, Is Again Regurgitated Late

Submitted by Tyler Durden on 10/09/2013 - 14:41

In a second iteration of news not being read hours ago and suddenly surprising the algos in charge of stock market momentum, minutes ago headlines blasted reports that Boehner would go to a White House meeting. This is precisely what Politico, again, said would happen at 7 am this morning but since apparently nobody bothered to read it, and since it is suddenly news again, everyone is grasping on this "revelation" as if it is a new development. It isn't.

Power Mad Obama Offers Two Choices: Unconditional Surrender Or Default

Barack Obama is warning that if he does not get everything that he wants that he will force the U.S. government into a devastating debt default which will cripple the entire global economy. In essence, Obama has become so power mad that he is actually willing to take the entire planet hostage in order to achieve his goals. A lot of people are blaming the government shutdown on the Republicans, but they have already voted to fund the entire government except for Obamacare. The U.S. Constitution requires that all spending bills originate in the House of Representatives, and the House did their duty by passing a spending bill. If the Senate or the President do not like the bill that the House has passed, then negotiations need to take place. That is how our system works. And the weak-kneed Republicans have already indicated that they are willing to give up virtually all of their prior demands. In fact, if Obama offered all of them 20 dollar gift certificates to Denny's to end this crisis they would probably jump at that deal. But that is not good enough for Obama. He has made it clear that he will settle for nothing less than the complete and unconditional surrender of the Republican Party. (Read More....)

Extreme Hypocrisy! Obama Orders Federal Workers To “Make Life As Difficult For People As We Can”

Why would the president of the United States try to purposely hurt the American people? Well, in 2013 this is done in order to score political points and force the opposition in to doing what you want them to do. A few days ago, an angry Park Service ranger publicly admitted that he and his fellow rangers have been ordered to "make life as difficult for people as we can" during this government shutdown. That Park Service ranger would never have received such an order unless it came from the very top. Apparently the Obama administration plans to cause as much pain as possible until Obama gets everything that he is demanding. In many cases, it is actually going to cost far more money to put up barricades and use guards to keep Americans from visiting open air memorials, driving on roads, and fishing in bodies of water than it would to put up a "closed" sign and simply go home. As you will see from the examples posted below, the Obama administration is being extremely spiteful and vindictive. And the level of hypocrisy that we are now witnessing is hard to fathom. For instance, the National Mall has been totally closed to the public, but the Obama administration is specifically reopening it for a massive pro-immigration rally that will benefit the Democrats politically. The abuse of power that is taking place is absolutely staggering, and the American people need to demand that those that are abusing it be held accountable when all of this is over. (Read More....)

12 Facts About The Epic Obamacare Launch Train Wreck That Every American Should Know

Even though it is nearly impossible to get signed up for health insurance through the Obamacare websites, if you don’t currently have health insurance you better get signed up by January 1st or you will get slapped with a fine. Is this fair? Of course not. But this is the way that the U.S. government works in the 21st century. They put unreasonable demands on people, and then the government punishes them heavily when they are not able to comply. The launch of the online “health insurance exchanges” which were supposed to make signing up for Obamacare a breeze has been an abysmal failure. There have been a great many examples of government incompetence over the years, but this one might take the cake. The Obama administration spent more than 93 million dollars to set up these websites, and they are so hideously dysfunctional that hardly anyone has actually been able to get signed up for Obamacare over the first ten days. But instead of delaying the individual mandate, the Obama administration is using the threat of a fine to force millions of Americans to use a system that is a complete and total nightmare. (Read More.....)

Has ANYONE Actually Been Able To Successfully Sign Up For Obamacare Yet?

Do you know anyone that has been able to get past all of the glitches and sign up for health insurance using one of the Obamacare websites? Thousands of applications have been “started”, but the mainstream media has been desperately searching for someone that has actually been able to successfully get enrolled and so far they haven’t been able to find a single example. The Obama administration had been promoting the story of one 21-year-old student from Georgia, but it turns out that his “success story” was a fraud and he was not actually successful in signing up for health insurance yet. So exactly what in the world is going on here? Certainly a few of the millions of visitors to these websites must have successfully signed up for health insurance, right? In the end, whether a handful of Americans have been able to sign up for health insurance or not is not the real issue. The real issue is that the launch of the most highly touted health law in U.S. history has been an epic fail. (Read More.....)

Extreme Political Correctness Is Making Public School Education Pure Hell For America’s Children

Political correctness is taking over America, and this is especially true when it comes to our public schools. In the United States today, our public schools are being transformed into “Big Brother” training centers where virtually everything that our children do inside and even outside of school is being monitored, tracked, scrutinized and put into permanent records. As you will read about below, some U.S. public schools are now even monitoring the social media accounts of their students and are ready to pounce on any perceived violation. “Zero tolerance” policies have been implemented at public schools nationwide, and if a student does break “the rules”, it can result in immediate arrest and it can end up haunting them for the rest of their lives. Meanwhile, the content of the “educational instruction” that our children are receiving continues to decline. At this point, public schools in American have become little more than (Read More....)

Like Edward Snowden, Benjamin Franklin Was Called a Traitor For Informing the People About the Actions of its Government Posted by : George Washington Post date: 10/10/2013 - Parallels Between Snowden and the Founding Fathers

Fact Or Fiction: Obama Administration Proposes 2,300-Page "New Constitution"

The U.S. Constitution leaves too many areas open to interpretation; a New Constitution of 2,300 pages (+ 200 redacted secret pages) is the solution.

Guest Post: The Possible Outcomes Of The Shutdown Theater

Only a week ago, the consensus among most mainstream economic analysts and even some alternative analysts was that a government shutdown was not going to happen. The Republicans would fold in the shadow of President Barack Obama’s overwhelming drive for socialization, spending would continue to grow unabated, and the debt ceiling would be vaulted yet again to feed the bureaucratic machine with more fiat. Today, there is no consensus, very few people continue to be so blithely self-assured and even the mainstream is beginning to wonder if a much bigger game is afoot here.

Goldman "Whistleblower" Sues NY Fed For Wrongful Termination

After seven months of investigating Goldman Sachs' legal and compliance divisions, former NYFed examiner Carmen Segarra found numerous conflicts of interest and breach of client ethics (specifically related to three transactions - Solyndra, Capmark, and the El Paso / Kinder Morgan deal) that she believed warranted a downgrade of Goldman's regulatory rating. Her bosses were not happy, concerned that this action would hurt Goldman's ability to do business, and, she alleges, they urged her to change her position. She refused, and as Reuters reports, she was fired and escorted from the building. “I was just documenting what Goldman was doing,” she said. “If I was not able to push through something that obvious, the [NY Fed] certainly won’t be capable of supervising banks when even more serious issues arise.”

This Is Not The World You're Hoping For

Hard to argue with this... just one more quarter, and everything will be fixed... Of course, when you've got Abenomics, Yellenomics, and Draghinomics on your side, what does it matter?

White House, Republican Meeting "Inconclusive", To Continue Throughout The Night

In what can at best be described as a "fluid" situation, one in which according to initial press reports the White House and the GOP couldn't even compromise on what had actually been said, it seems that while both sides are eager to move on with the debt ceiling extension, the GOP is still hoping in trying to preserve some political capital, of which it will be left with virtually nil if it caves to every last demand by the democrats, namely "reopen the government and then we can negotiate" losing all leverage in the process. And a loss of all capital and leverage is precisely what the GOP will "achieve" according to Politico, which clarified that "House Republicans told Obama that they could reopen the federal government by early next week if the president and Senate Democrats agree to their debt-ceiling proposal" - a proposal which Obama has already said he would accept. In other words, full capitulation by Boehner appears imminent. Politico adds: "President Barack Obama and House Republicans clashed in a meeting Thursday afternoon over how soon the government can be reopened, even as the GOP offered to lift the debt limit for six weeks, according to sources familiar with the session. Aides will continue the discussion through the night to see if they could find common ground on how to move forward on the debt limit and government funding."

What Happens When A "Breaking Bad" Plot Goes Bad?

While the following may look like a broken scene from "Breaking Bad" (one wonders just how much methylamine was on the train) we couldn't help but see the analogy of an oncoming train (no tunnel, so no warning light this time) of inevitable default, whether in one week or later, and the USA sat square across the tracks as reserve currency status (as we discussed last night) becomes increasingly challenged.

White House And Republicans Issue Dueling Statements - Market In Limbo

It would appear that the two sides cannot even compromise of what was said the compromise talks.

“Well, he didn’t say yes. He didn’t say no,” Ryan said. “We’re continuing to negotiate this eventing,” Ryan said.

Stocks Slump After Obama Rejects Republican Proposal; Cantor: "Seeking Path Forward"

UPDATE: S&P Futures recover most of their losses following new reports, denials, and clarifications that Obama did not in fact "reject" but that discussions are and will be ongoing during the night. Most importantly, the meeting was inconclusive, which however seems good enough for stocks which have rebounded to pre-drop levels.

S&P futures are now over 15 points off the day's highs, as it seems equity investors were hoping for a Cumbaya moment after the White House meeting today. However, as Bloomberg reports,

*BOEHNER, REPUBLICANS LEAVES OBAMA MEETING WITHOUT SPEAKING TO REPORTERS and *OBAMA REJECTS REPUBLICAN PROPOSAL FOR SHORT-TERM PLAN: NYT

It would seem that Obama's "unconditional surrender or default" position has merely placed the pressure to act back on Boehner's shoulders. Rep. Cantor:"we expect further talks tonight" keeps the dream alive.

Fat Algo Finger Of The Day? Spot Gold Edition

It is unclear exactly what happened but based on Bloomberg's tick data, spot gold prices spiked over $30 after the close of the US day session. After a pillaging of a day, someone's agorithm decided that $1336 and then $1307 were the appropriate prices... triggering...

Detroit Mayor Gets 28 Year Sentence For Corruption

Following his "yearslong scheme to shakedown contractors and reward allies," Kwame Kilpatrick - who served as Detroit Mayor from 2002 to 2008 - was this morning sentenced to 28 years in prison for corruption. Regarded by many as a key contributor to Detroit's eventual downfall, it seems Kilpatrick is somewhat repentant, stating, "the people here are suffering, they're hurting. A great deal of that hurt I accept responsibility for." Agents who pored over bank accounts and credit cards said Kilpatrick spent $840,000 beyond his salary during his time as mayor. Having resigned in 2008 over a sexting scandal, the scale of his corruption, prosecutors added, "exacerbated the crisis."

JP Morgan Money Market Funds Join Fidelity, Sell Bills "In Light Of Possible U.S. Government Default"

Yesterday, it was Fidelity who in conducting its fiduciary duty, announced it was getting out of any and all near-term risky Bill insturments, namely those that mature just around the time of a possible technical debt default. Today, while the stock market was soaring on hope that a Washington debt ceiling deal was imminent, it was another firm that was quietly doing the opposite, and was taking "action in light of a possible US government default), and as highlighted earlier when we showed the ongoing divergence between stocks and Bills, was quietly "boosting" liquidity (i.e. selling short-term securities) in order to avoid breaking the buck (which as we also learned yesterday had been breached by not only the Reserve fund but by 28 other heretofore unknown money market funds). The firm: JPMorgan.

Stocks Soar Most In 2013 As Bullion And Boehner Beaten Down

For the second time in 2013, Congress folded and stocks erupted higher. The early exuberance went dead during the middle of the day as stocks scambled back to pre-shutdown levels and stayed there but as 3pm hit (and rumors of a CR-amendment to the House DL proposal), volume exploded and broad equity indices filled all gaps and pressed up through technical levels and month- and week-to-date green levels. Much was made of the close-to-close gains in the MoMo names, but closer inspection shows they actually closed below their opening squeeze levels - on a day when the NASDAQ saw its best day of the year. Precious metals were lower on the day but dumped as the 3pm move occurred. Bonds were less impressed with the 30Y (solid auction) unchanged and T-Bills selling off ignoring equity exuberance. The USD closed unchanged.

IB Hikes Margins Again, This Time On Super-MOMO Stocks

Wondering why the highest of high-beta muppetry stocks are not screaming higher with the market? Confused why these high-flyers that CNBC promoted all day as time for a bounce are actually below their opening levels? Wonder no more: Interactive Brokers just hiked the margins on the following Super-MoMo stocks once again (following a first hike on Monday and once again yesterday) and as we hope everyone understands by now, its all about the leverage.

A Look At The Fed's Nest In 2014: Here Are Next Year's Voting Hawks And Doves

With Janet Yellen now confirmed as Bernanke Mark 2, it is time to recall that in addition to a new Chairman, four of the Fed's voting members will also rotate. And while below is the latest preview of the voting FOMC members (previously 2011 and 2012) ranked by Reuters in terms of their dovishness and hawiskness, the reality is that the peripheral Fed presidents (here we focus on the Hawks obviously) are nothing but figureheads whose only function is to be roundly ignored if and when they dissent with the new Chairman.

It's 3PM - Do You Know Where Your Vertical Ramp Is?

No news... but green now on the week and month as epic volume ramped stocks perfectly at 3pm...

“Let’s Move” Stamps Prompt Safety Concerns

Julie Wilson | Kids playing tag, bad – police opening fire in public, good.

Poll: Americans’ Satisfaction With Gov’t Sinks to All-Time Low

Rapper: Don’t Hate On Jay-Z For Illuminati Symbolism

Paul Joseph Watson | 2 Chainz blames directors for occult messages in hip hop.

Poll: Obamacare Has 90% FAILURE rate

3 Disturbing Fukushima Facts The Government Is Covering Up

Feminist Blogger Calls 16-year old’s Top Hit Single “Royals,” “Deeply Racist”

Julie Wilson | “While I love a good critique of wealth accumulation and inequity, this song is not one; in fact, it is deeply racist.”

Obama Operative Accuses Republicans of Treason on Debt Limit

Kurt Nimmo | House Republican leader John Boehner has agreed to increase the federal debt.

Redskins Name Controversy: Mainstream Media Exaggerates Racial Divide in America

Kit Daniels | Media hypes up name controversy so they can falsely label gov’t critics as “racist.”

Paul Joseph Watson | President could declare national emergency, pass executive order.

F.F.Wiley | The overwhelmingly positive response to Yellen’s nomination is worrisome.

reuters.com | Urged Congress to raise a cap on government borrowing to keep America from defaulting on its debt.

Poll: Americans’ Satisfaction With Gov’t Sinks to All-Time Low

Rapper: Don’t Hate On Jay-Z For Illuminati Symbolism

Paul Joseph Watson | 2 Chainz blames directors for occult messages in hip hop.

Feminist Blogger Calls 16-year old’s Top Hit Single “Royals,” “Deeply Racist”

Julie Wilson | “While I love a good critique of wealth accumulation and inequity, this song is not one; in fact, it is deeply racist.”

Poll: Obamacare Has 90% FAILURE rate

Redskins Name Controversy: Mainstream Media Exaggerates Racial Divide in America

Kit Daniels | Media hypes up name controversy so they can falsely label gov’t critics as “racist.”

Report: Feds Order National Guard to Close I-495 to Derail Trucker Protest

Paul Joseph Watson | Conservative group claims Department of Transportation source confirmed plan.

We’re not gonna take it! Americans use 1st Amendment to storm shutdown barriers

The Washington Times | Americans nationwide are defying the federal government shutdown.

GOP moves toward six-week extension of $16.7T debt limit

The Hill | House Republicans are moving toward a vote on a six-week extension of the nation’s debt limit.

Ex-Treasury Official: Obama Could Use Debt Crisis to Seize Total Power

Paul Joseph Watson | President could declare national emergency, pass executive order.

Daily Caller | A tech news site has surfaced with a dollar estimate for what the glitchy website actually cost taxpayers.

Wall St Journal | China is on pace to consume a record amount of gold this year, which may be partly due to the central bank diversifying its foreign-exchange reserves, analysts say.

Zero Hedge | The QE program is now more likely to be perpetuated and expanded.

USA: Uncle Sam is Dead Posted by: Pivotfarm Post date: 10/08/2013 - Isn’t it wonderful how the US believes (whether that be the citizens or the politicians) that the state will never default on its debt repayments?

12 Ominous Warnings Of What A US Default Would Mean For The Global Economy

As we have discussed previously, the "partial government shutdown" that we are experiencing right now is pretty much a non-event - especially with the un-furloughing of The Pentagon. Yeah, some national parks are shut down and some federal workers will have their checks delayed, but it is not the end of the world. In fact, only about 17% of the federal government is actually shut down at the moment. This "shutdown" could continue for many more weeks and it would not affect the global economy too much. On the other hand, if the debt ceiling deadline (approximately October 17th) passes without an agreement that would be extremely dangerous. A U.S. debt default that lasts for more than a couple of days could potentially cause a financial crash that would make 2008 look like a Sunday picnic. If a debt default were to happen before the end of this year, that would bring a tremendous amount of future economic pain into the here and now, and the consequences would likely be far greater than any of us could possibly imagine.

Yellen Nomination Rally Half-Life 90 Minutes

When Larry Summers stepped away from the nomination for Fed Chair, S&P 500 futures ramped vertically by over 20 points. The reaction to the nomination of Janet Yellen managed a limp 6 point surge in S&P futures. Worse still, it took 24 hours for the Summers-Out ramp to be cut in half... Yellen's 'ramp' has already given back half of her gains in 90 minutes. It seems The White House needs change of narrative - or just another bargaining chip to piss the Republicans off - and judging by the "sudden" rip higher in AUDJPY, 'someone' is trying desperately to spark some momentum ignition... but for now - it's not working. Timing is everything we guess.

Mr.Ben S. Bernanke Would Like To Wire You Some Money (From Nigeria)

With Chairsatan Ben's days at the Fed officially numbered, it seems some enterprising Nigerian businessmen have already found a new (and far more reputable many would say) position for the man who never once in his Chairman tenure initiated a tightening cycle, and single-handedly exploded the Fed's balance sheet over threefold.

US Treasury Default Risk Now The Same As JCPenney's Was In July

The cost of protecting against a default on US Treasuries for one-year has surged to 60bps this morning. This is the highest since the Debt-ceiling debacle in 2011 and worse than Lehman. The 1Y cost is the highest relative to the 5Y cost ever. However, many people look at the 60bps and shrug it off as de minimus, after-all, JCPenney trades at 1200bps and is still alive. This is a mistake. The price of protection for US sovereign debt depends on recovery expectations and the EURUSD exchange rate expectations. Based on current levels, USA CDS imply a 5.9% probability of default - the same as JCPenney in July.

White House Set To Announce Yellen Fed Nomination Tomorrow

All the histrionics over the next Fed chairman, pardon chairwoman, choice are over. WSJ reports that Obama is set to announce Mr., pardon Mrs Janet Yellen as Bernanke's replacement tomorrow at 3 pm at the White House. "The nomination would conclude a long and unusually public debate about Mr. Obama's choice which started last June when he said that Ben Bernanke wouldn't be staying in the post after his term ends in January. Mr. Obama gave serious consideration to his former economic adviser, Lawrence Summers, who pulled out in September after facing resistance from Democrats in the Senate." However, while a Yellen announcement, largely priced in, in a normal environment would have been good for at least 10-20 S&P points, with the debt ceiling showdown the far more immediate concern, the choice of the Chairwoman may not be the buying catalyst that it would have otherwise been.

Shutdown Now 6th Longest In History (Longer Than Average Of All Others)

The consensus meme remains that a US government shut-down will have minimal economic effect if it is not protracted. Well, the US government shutdown is now 8 days old. To put things in perspective there have been 17 previous shutdowns through history and this is now the equal 6th longest - the average being 6.47 days.

Goldman: "Today Was The First Day That Concerns About The Debt Ceiling Really Started To Be Felt"

If Obama's intention in his CNBC interview was to get Wall Street to start selling, then congratulations: today he finally made some headway. However, he will have to do more before the capitulation dump we saw in the summer of 2011 pushes the House, and Boehner to finally fold (in the case of the latter, for the last time). Much More. Goldman's Sales and Trading desk explains: "Today was the first day that concerns about the debt ceiling really started to be felt."

Bitcoin 1 - 0 FBI

In a follow-up to the recent discussions surrounding the Silk Road website bust, we thought it interesting that the FBI finds itself unable to confiscate the Dread Pirate's stash of bitcoins. In other words, one of bitcoin's main attraction – that it is untraceable like cash and cannot be 'stolen' in the conventional sense by outsiders – remains in perfectly fine fettle. The FBI's inability to seize the Dread Pirate's bitcoin stash is a great PR victory for bitcoin.

Economic Confidence Collapses At Fastest Pace Since Lehman

Last week we showed the cognitive dissonance, nurtured by a liquidity-providing Fed, that has growth this year between stocks and economic confidence. In the last week, fed by a diet of DC headlines, Gallup's economic confidence index has collapsed. In fact, this is the worst 3-week plunge since Lehman - worse than during the 2011 Debt Ceiling debacle.

Guest Post: Five Years In Limbo (And Counting)

Five years later, while some are congratulating themselves on avoiding another depression, no one in Europe or the United States can claim that prosperity has returned. The financial system may be more stable than it was five years ago, but that is a low bar – back then, it was teetering on the edge of a precipice. Those in government and the financial sector who congratulate themselves on banks’ return to profitability and mild – though hard-won – regulatory improvements should focus on what still needs to be done. Some are pleased that the economy may have bottomed out. But, in any meaningful sense, an economy in which most people’s incomes are below their pre-2008 levels is still in recession. An The glass is, at most, only one-quarter full; for most people, it is three-quarters empty.

Alcoa "Beats" With 80% Of "Earnings" Due To Restructuring Add Backs

Until its humiliating elimination from the Dow Jones Non-Industrial Average, Alcoa was the traditionally first company to usher in earnings season and the first company to set the mood for the DJIA. That is no longer the case. Still, on the surface, Alcoa's numbers were modestly good: after all it beats (heavily lowered) revenue estimates printing $5.77 billion in revenue on expectations of $5.63 billion, even if this was lower than both the $5.85 billion in Q2 and $5.83 billion from Q3 2012. The (heavily lowered) EPS likewise "beat", printing at $0.11 on expectations of $0.05. However the punchline is that for the second consecutive quarter AA took out massive restructuring charges from EPS, this time amounting to $151 million for Income Statement purposes, or about $108 million for Non-GAAP EPS purposes. Which means that of the $0.11 beat in Q3, a whopping 9 cents is due entirely to ongoing "non-recurring" restructuring addbacks. Very much the same way AA "beat" last quarter, when it reported $0.07 cents, of which however $0.18 cents was due to the addition of restructuring charges.

Speaker Boehner: "There's Going To Be A Negotiation" - Live Webcast

Having been given so many 'openings' to carry on the negotiation during Obama's standing oration, Speaker Boehner has decided it's his turn to explain who is to blame...

*BOEHNER SAYS HE'S DISAPPOINTED OBAMA WILL NOT NEGOTIATE
*BOEHNER SAYS NEGOTIATIONS ALWAYS ACCOMPANY SPENDING BILLS
*BOEHNER SAYS OBAMA'S POSITION ON NEGOTIATIONS `NOT SUSTAINABLE'
*BOEHNER SAYS DEBT LIMIT BILLS ALWAYS CARRY `POLICY CHANGES'

Stocks Collapse To Biggest Two-Week Drop In 11 Months

The 4.3% drop from recent highs in the S&P 13 days ago is the largest drop over that period since mid November 2012. The S&P broke its 11-month uptrend and closed below its 100DMA having fallen 11 of the last 14 days post Un-Taper. VIX broke back above 21% briefly (almost its highest level of 2013). Homebuilders were ugly as were the rest of the high-beta momo stocks. Equity markets tracked FX carry (AUDJPY mostly) on the day but the USD ended the day modestly higher (albeit amid wide dispersion). Treasuries were mixed with the short-term battered (1w to 1m Bills +10-15bps!!!!), 2Y +5bps on the week, 30Y -2.5bps (which is notable in that it is not tracking stocks implying some angst over TSY ownership). Gold, Silver and Copper were pushed lower as stock fell but the PMs remain bid on the week. Stocks dived into the close with no VIX monkey-hammering to help; The Dow is now 5.9% off its highs and testing its 200DMA for the first time this year.

At Least Now It's Obvious Who's In Charge

It’s clear to everyone by now that the government of the largest country in the world is careening towards default in just over 200 hours. Yet curiously, even though the US government’s completely ridiculous, untenable fiscal situation is a front page embarrassment for the entire world to see, markets have barely budged. A few very short-term rates have shot up, but for the most part, stocks are very close to where they were before the shutdown. Stocks and bonds haven’t moved because nobody cares what’s happening in the US government anymore. And that’s because every serious investor understands that the US government long since abdicated any economic power to the banking sector. Everyone knows that the Fed is going to keep printing money, ergo they’re going to keep sending markets higher. And this debt ceiling charade only proves it. The secret is out there in the open. And now it’s completely obvious who’s really in charge.

Now That The Trollin' Dollar Coin Is Back...

"Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit" Anthony Coley, spokesman for the Treasury Department.

Obama To Explain His "Negotiating" Tactics - Live Webcast

Given the statements this morning it is clear that President Obama is unwilling to negotiate to his willingness to negotiate. It would seem that he would do well to listen to the immortal words of Mike Tyson, "everyone has a plan, until they get punched in the face," and we suspect the market is about to deliver that upper cut... which in reflection is exactly what the President called for last week - though as we noted earlier - the polls are mixed as to who is to blame.

Guest Post: It's Definitive - We've Reached Peak Jobs

There has long been a quasi-magical belief in the U.S. that capitalism's intrinsic dynamic of creative destruction will always create more jobs than it destroys. The evidence is compelling that this belief is no longer reality-based. The U.S. has reached Peak Jobs - at least the sort that can support a household.

Soldier stabbed to death in possible hate crime...

'Cracker'... { Niggers doing what they do instinctively do, uncivilized apes that they are ‘…LAKEWOOD, Wash. - A Joint Base Lewis-McChord soldier was stabbed to death in a parking lot at the 12500 block of Pacific Highway Southwest around 2:30 a.m., officials say.
20-year-old Tevin Geike was walking with two other white soldiers along Pacific Highway SW when a group of black men drove by and shouted a racial comment toward the soldiers, the Lakewood Police Department said."One of the soldiers yelled back something about the suspects treating combat soldiers with disrespect," Lt. Chris Lawler said.The car turned around and the men confronted the soldiers, according to reports. As the verbal confrontation ensued, the driver of the vehicle realized the men were actually combat veterans and called his friends off. While the men headed back to their vehicle, one of the suspects appeared to have bumped into Geike, witnesses say.The soldiers saw Geike fall to the ground as the car sped away. He was bleeding profusely from stab wounds and died at the scene."We came down here, and he was already dead in my brother's arms," said Glenn Zimmerman, a friend of Geike…’ … of course it was a race-based hate crime! Why are people afraid to call a spade a spade! Not embracing the reality of the nigger has cost this nation and the world immeasurably … the uncivilized niggers are indicative of societal decline! That’s particularly so in america! }

RoLLeRDoPeS, SaVY BuSiNeSSMeN AND A GuM CHeWiNG TWiSTeD SWiNDLeR...

David Stockman Explains The Keynesian State-Wreck Ahead - Sundown In America

David Stockman, author of The Great Deformation, summarizes the last quarter century thus: What has been growing is the wealth of the rich, the remit of the state, the girth of Wall Street, the debt burden of the people, the prosperity of the beltway and the sway of the three great branches of government - that is, the warfare state, the welfare state and the central bank...

What is flailing is the vast expanse of the Main Street economy where the great majority have experienced stagnant living standards, rising job insecurity, failure to accumulate material savings, rapidly approach old age and the certainty of a Hobbesian future where, inexorably, taxes will rise and social benefits will be cut...

NSA Chief Admits "Only One Or Perhaps Two" Terror Plots Stopped By Spy Program

The last few days have been punctuated with fearmongery from Alexander and Clapper over the shutdown's impact on the NSA and the increased threat of terror this generates. However, as the Washington Times reports, things are a little different in reality. Pressed by the Democratic chairman of the Senate Judiciary Committee at an oversight hearing, Gen. Keith B. Alexander admitted that the number of terrorist plots foiled by the NSA’s huge database of every phone call made in or to America was only one or perhaps two — far smaller than the 54 originally claimed by the administration.

Jesse Ventura Calls For "American Revolution" Against The "Corrupt System"

The irony of Jesse Ventura calling for a new "American Revolution" in a conversation with Brit Piers Morgan is not lost on us but the former Governor of Minnesota asks some awkwardly open questions in this 'colorful' interview. Ventura asked if the government's shut down, "That should mean we shouldn't have to pay any taxes, right?" He called for another American revolution to push back against the "corrupt system" created by Democrats and Republicans in Washington. He told Morgan the two-party system has legalized "bribery" for access, suggesting he's fed up enough to actually run for president in 2016. Ventura called both parties "gangs," and Morgan admitted he had to agree, adding that they're "overpaid, underworked children!" The discussion then veers from Obamacare, Ventura's run for President, and the JFK conspiracy.

Does The NSA Think You're A Terrorist?

When the NSA sorts through American communications to find terrorists, what is their accuracy in identifying one?

An Insider Exposes The Algo Secrets Of The FX Market

From algos to trading pschology and from market-maker's tricks to the quant models that dominate, Batur Asmazoglu provides an insider's view of a large sell-side bank FX trading desk. While the likes of Goldman's Thomas Stolper have proved it, Asmazoglu's first 'secret' is that "while many believe the big investment banks are very sophisticated, that is not the case at all."

Citi Warns US Equities Are A Cocktail of 2011, Slice Of 1998, Dash Of 2000

Looking at the equity market and some of the background dynamics Citi's FX Technical group cannot help but be reminded of 2011. They also warn, despite the constant hope-driven rallies this week, there are also some aspects of what we saw in 1998 and similarities with 2000 that are worth noting. The bottom line, we have had the view for some time that we would see a much deeper correction in the equity market (in excess of 20%). Recent price action and developments might (just might) be suggesting that it is time to revisit that theme.

Navy SEALs Stage Raid on Somali Militants... { Truth be told, back when those uncivilized apes paraded around those 18 dead soldiers, if up to me, I would have carpet-bombed 18 square miles of the center of Mogadishu until but a barren parking lot devoid of any life whatsoever would have remained. }

30 Statistics About Americans Under The Age Of 30 That Will Blow Your Mind

Why are young people in America so frustrated these days? You are about to find out. Most young adults started out having faith in the system. They worked hard, they got good grades, they stayed out of trouble and many of them went on to college. But when their educations where over, they discovered that the good jobs that they had been promised were not waiting for them at the end of the rainbow. Even in the midst of this so-called "economic recovery", the full-time employment rate for Americans under the age of 30 continues to fall. And incomes for that age group continue to fall as well. At the same time, young adults are dealing with record levels of student loan debt. As a result, more young Americans than ever are putting off getting married and having families, and more of them than ever are moving back in with their parents. (Read More....) It can be absolutely soul crushing when you discover that the "bright future" that the system had been promising you for so many years turns out to be a lie. A lot of young people ultimately give up on the system and many of them end up just kind of drifting aimlessly through life. The following is an example from a recent Wall Street Journal article...

James Roy, 26, has spent the past six years paying off $14,000 in student loans for two years of college by skating from job to job. Now working as a supervisor for a coffee shop in the Chicago suburb of St. Charles, Ill., Mr. Roy describes his outlook as "kind of grim."

"It seems to me that if you went to college and took on student debt, there used to be greater assurance that you could pay it off with a good job," said the Colorado native, who majored in English before dropping out. "But now, for people living in this economy and in our age group, it's a rough deal."

Young adults as a group have been experiencing a tremendous amount of economic pain in recent years. The following are 30 statistics about Americans under the age of 30 that will blow your mind...

#1 The labor force participation rate for men in the 18 to 24 year old age bracket is at an all-time low.

#2 The ratio of what men in the 18 to 29 year old age bracket are earning compared to the general population is at an all-time low.

#3 Only about a third of all adults in their early 20s are working a full-time job.

#4 For the entire 18 to 29 year old age bracket, the full-time employment rate continues to fall. In June 2012, 47 percent of that entire age group had a full-time job. One year later, in June 2013, only 43.6 percent of that entire age group had a full-time job.

#5 Back in the year 2000, 80 percent of men in their late 20s had a full-time job. Today, only 65 percent do.

#6 In 2007, the unemployment rate for the 20 to 29 year old age bracket was about 6.5 percent. Today, the unemployment rate for that same age group is about 13 percent.

#7 American families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.

#8 During 2012, young adults under the age of 30 accounted for 23 percent of the workforce, but they accounted for a whopping 36 percent of the unemployed.

#9 During 2011, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed.

#10 At this point about half of all recent college graduates are working jobs that do not even require a college degree.

#11 The number of Americans in the 16 to 29 year old age bracket with a job declined by 18 percent between 2000 and 2010.

#12 According to one survey, 82 percent of all Americans believe that it is harder for young adults to find jobs today than it was for their parents to find jobs.

#13 Incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation since the year 2000.

#14 In 1984, the median net worth of households led by someone 65 or older was 10 times larger than the median net worth of households led by someone 35 or younger. Today, the median net worth of households led by someone 65 or older is 47 times larger than the median net worth of households led by someone 35 or younger.

#15 In 2011, SAT scores for young men were the worst that they had been in 40 years.

#16 Incredibly, approximately two-thirds of all college students graduate with student loans.

#17 According to the Federal Reserve, the total amount of student loan debt has risen by 275 percent since 2003.

#18 In America today, 40 percent of all households that are led by someone under the age of 35 are paying off student loan debt. Back in 1989, that figure was below 20 percent.

#19 The total amount of student loan debt in the United States now exceeds the total amount of credit card debt in the United States.

#20 According to the U.S. Department of Education, 11 percent of all student loans are at least 90 days delinquent.

#21 The student loan default rate in the United States has nearly doubled since 2005.

#22 One survey found that 70% of all college graduates wish that they had spent more time preparing for the "real world" while they were still in college.

#23 In the United States today, there are more than 100,000 janitors that have college degrees.

#25 Today, an all-time low 44.2 percent of all Americans between the ages of 25 and 34 are married.

#26 According to the Pew Research Center, 57 percent of all Americans in the 18 to 24 year old age bracket lived with their parents during 2012.

#27 One poll discovered that 29 percent of all Americans in the 25 to 34 year old age bracket are still living with their parents.

#28 Young men are nearly twice as likely to live with their parents as young women the same age are.

#29 Overall, approximately 25 million American adults are living with their parents according to Time Magazine.

#30 Young Americans are becoming increasingly frustrated that previous generations have saddled them with a nearly 17 trillion dollar national debt that they are expected to make payments on for the rest of their lives.

And this trend is not just limited to the United States. As I have written about frequently, unemployment rates for young adults throughout Europe have been soaring to unprecedented heights. For example, the unemployment rate for those under the age of 25 in Italy has now reached 40.1 percent.

Youth unemployment rates in these countries are upwards of 40% to nearly 70%. The most recent figures published by the Italian government show yet another record high in youth unemployment.

An entire generation is now coming of age without being able to leave the nest or have any prospect of earning a decent wage in their home country.

This underscores an important point that I’ve been writing about for a long time: young people in particular get the sharp end of the stick.

They’re the last to be hired, the first to be fired, the first to be sent off to fight and die in foreign lands, and the first to have their benefits cut.

And if they’re ever lucky enough to find meaningful employment, they can count on working their entire lives to pay down the debts of previous generations through higher and higher taxes.

But when it comes time to collect… finally… those benefits won’t be there for them.

In the United States, Gallup's daily economic confidence index is now the lowest that it has been in more than a year.

For young people that are in high school or college right now, the future does not look bright. In fact, this is probably as good as the U.S. economy is going to get. It is probably only going to be downhill from here.

The system is failing, and young people are going to become even angrier and even more frustrated.

21 Of The Best Comments Posted By Frustrated Americans On The Official Obamacare Facebook Page

The launch of Obamacare has been a complete and total nightmare so far. The “online exchanges” are constantly crashing, there are endless glitches and delays, and many of the people that actually have been able to successfully register for an account are discovering that health insurance premiums under Obamacare are far higher than what they are used to paying. In fact, as I wrote about the other day, some Americans that have had their old policies canceled by their insurance companies are discovering that their health insurance costs will double or even triple under Obamacare. What a great “success”, eh? Under Obamacare, Americans are going to pay more for health care, they are going to have more limited health care options, they are going to be subjected to much more paperwork, and if they choose not to participate in the system they are going to be hit with very punitive fines. What’s not to like?

But despite all of the negatives, a lot of Americans were actually looking forward to (Read More....)

The Department of Defense awarded 94 new contracts worth a combined total of more than $5 billion dollars the day right before the government shutdown

As Ron Paul notes, military spending will increase 18% even after the sequestration “cuts”:

Reducing spending on militarism would not only help balance the budget, but would enhance our security.Yet both the House and the Senate continuing resolutions not only fail to reduce military spending, they actually authorize $20 billion more in military spending than authorized by the “sequestration” created by the 2011 Budget Control Act. Most of the supposedly “draconian” sequestration cuts are not even cuts; instead, they are “reductions in the planed rate of spending.” This is where Congress increases spending but by less than originally planned—and yet they claim to cut spending.

Under sequestration, military spending increases by 18 percent instead of by 20 percent over the next ten years. Yet some so-called conservatives are so opposed to these phony cuts in military spending that they would support increased taxes and increased welfare “military” spending. This “grand bargain” would benefit the DC political class and the special interests, but it would be a disaster for the American people.

The one area not impacted in the least by a government shutdown will be the police/surveillance state and its various militarized agencies, spying programs and personnel. Take a look at the programs and policies that will not be affected by a government shutdown, and you’ll get a clearer sense of the government’s priorities — priorities which have … little to do with serving taxpayers and everything to do with maintaining power and control, while being sold to the public under the guise of national security.

Postscript: Those who say that soldiers won’t be paid are wrong. Active-duty military service members, plus civilians and contractors with the departments of Defense and Homeland Security support active-duty troops and guardsmen, will still be paid during the temporary cessation of most government activities.

Jim Rogers Warns US Stock Investors "Be Careful... You're In A Fool's Paradise"

"We may well have had a big, big rally in the U.S. stock market, but it's not based on reality.

I would encourage investors to know you're in a fool's paradise, be careful, and when people start singing praises, say, 'I've been to this party before, and I know know it's time to leave.'"

Government Shutdown? 36 Facts Which Prove That Almost Everything Is Still Running

There really is very little reason why this "government shutdown" cannot continue indefinitely because almost everything is still running. 63 percent of all federal workers are still working, and 85 percent of all government activities are still being funded during this "shutdown". It turns out that the definition of "essential personnel" has expanded so much over the years that almost everyone is considered "essential" at this point. In fact, this shutdown is such a non-event that even referring to it as a "partial government shutdown" would really be overstating what is actually happening. In the end, this shutdown could turn out to be very good for America. We have a government that is wildly out of control and that desperately needs to be reigned in.

Wall Street Headhunter: "I Haven't Seen Morale This Bad Since The Titanic"

One thing is now abundantly clear: 2013 is now one big scratch for bankers who were expecting that this year bonuses would finally pick up from the prior several years mediocre performance and catch up to the record days of 2009 (just after the biggest wholesale bank bailout in history). The WSJ summarizes the situation best: "I haven't seen morale this bad since the Titanic," said Richard Stein, a senior recruiter at Caldwell Partners CWL.T -3.41% who specializes in financial services. And if bankers are not happy, nobody else will be (here's looking at you dear perpetual banker bailout ATM known as US taxpayers).

Have Questions On Obamacare? Call 1-800-F U-CKYO

Presented with a stunned level of WTFness... the Obamacare Help-Line - available 24/7 is 1-800-318-2596 as we have been told a number of times by the President... it seems someone did not do their due diligence on what that telephone number's mnemomic is...

Government Shutdown? 36 Facts Which Prove That Almost Everything Is Still Running

All of this whining and crying about a "government shutdown" is a total joke. You see, there really is very little reason why this "government shutdown" cannot continue indefinitely because almost everything is still running. 63 percent of all federal workers are still working, and 85 percent of all government activities are still being funded during this "shutdown". Yes, the Obama administration has been making a big show of taking down government websites and blocking off the World War II Memorial, but overall business in Washington D.C. is being conducted pretty much as usual. It turns out that the definition of "essential personnel" has expanded so much over the years that almost everyone is considered "essential" at this point. In fact, this shutdown is such a non-event that even referring to it as a "partial government shutdown" would really be overstating what is actually happening. The following are 36 facts which prove that almost everything is still running during this government shutdown... (Read More....)

#1 According to U.S. Senator Rand Paul, 85 percent of all government activities are actually being funded during this "government shutdown".

#2 Approximately 1,350,000 "essential" federal employees will continue to work during this "government shutdown".

#3 Overall, 63 percent of the federal workforce will continue to work during this "government shutdown".

#5 U.S. military personnel will remain on duty and will continue to get paid.

#12 The federal school lunch program has enough money to go through at least the end of this month.

#16 The Supreme Court will continue to operate normally and federal courts have enough money to keep going for at least two weeks.

#18 Air traffic controllers will continue to monitor traffic at our airports.

#19 Hopelessly outmanned border patrol agents will continue to try to stem the tide of illegal immigration.

#22 The Obama administration apparently has plenty of money to spend on closing open-air memorials that are usually open to the public 24 hours a day.

#23 The Department of Defense announced the awarding of 94 new contracts worth a combined total of more than 5 billion dollars on September 30th - the day right before the "government shutdown".

#30 If the federal government needs to respond to a natural disaster, this "shutdown" will not affect that.

#31 NASA will continue to support the Mars Rover and the two American astronauts up on the International Space Station.

#33 Even though the Obamacare exchanges are not working properly, people will still be able to access them.

#34 The IRS will continue to collect taxes, but it will be suspending punitive audits of conservative organizations.

#35 Barack Obama will continue to get paid for the full duration of this "shutdown".

#36 The U.S. Congress will continue to get paid for the full duration of this "shutdown".

Of course not everything is operating normally during this government shutdown. Government parks are closed. The EPA and the Department of Energy have almost totally closed up shop. But overall, most Americans are not going to notice much of a difference.

And perhaps now is a good time for the American people to evaluate whether or not they actually need a gigantic federal government that wastes enormous mountains of our money.

For example, our federal government recently spent $98,670 to construct a single outhouse in Alaska.

It is about time that Washington D.C. started experiencing some of the "belt-tightening" that the rest of the country has been going through. For far too long, the fatcats in D.C. have been living in an alternate reality where they have been able to live the high life at our expense. A recent blog post by Daniel Greenfield discussed how this shutdown is going to affect the alternate reality that the Obamas have been living in...

The government shutdown has forced Obama to make do with only a quarter of his 1,701 person staff. That would leave 436 “vital” employees. The 90 people who look after his living quarters would be slashed to 15 to “provide minimum maintenance and support”.

Buckingham Palace, which is twelve times the size of the White House and has its own clockmaker, only has an 800 person staff. King Harald V of Norway and his court make do with 152 staffers. King Carl XVI Gustaf of Sweden gets by with 203.

On Twitter, Michelle Obama announced that she is unable to Tweet on her own without the aid of all of her sixteen assistants; many of whom take home six figure salaries. There are more directors, associate directors and deputy associate directors on Michelle Obama’s staff than there were in George Washington’s entire administration.

Presidents have fought wars and made peace, explored and annexed vast territories and built a nation out of a handful of colonies with fewer senior staffers than are needed to handle Michelle Obama’s Twitter account.

Oh the humanity! Will Michelle Obama ever tweet again? And how will the White House continue to function without at least one projectionist on duty at the White House 24 hours a day?

In the end, this shutdown could turn out to be very good for America. We have a government that is wildly out of control and that desperately needs to be reigned in.

During the Obama administration, federal debt held by the public has risen by 90 percent, and overall federal government spending has risen by a whopping 317 percent since 1990.

So is it really a bad thing that the federal government has been forced to cut back for a little while?

Our politicians can whine and cry all they want. They won't be getting any sympathy from me.

Mark Hulbert Market overvalued, CFOs say Commentary: Chief financial officer survey on stock valuations is worrisome for these reasons. { The reality is that for quite some time, valuation in any meaningful sense has become largely irrelevant; and, manipulation in favor of the ‘compliant cheerleaders/propagandists’ (buffet, et als) for this great american fraud and embrace of decline has become the rule and not the exception. In fact, I’m surprised that the market hasn’t tanked 30-40% with the shutdown, so interconnected/dependent it’s become with government induced contraindicated QE/welfare and a ‘hands-off approach’ to the huge inflated ‘churn-and-earn hot potato paper fraud’ called wall street. The ‘so-called sell the sizzle’ tech sector also has become as preposterous as in the dot-com bust days. }

Treasury Warns Asset Manager "Herding" Threatens US Financial System

Just two weeks ago we explained how when there is only one driving factor for market performance and "too-many coat-tail clinging asset managers chasing too few real alpha opportunities" then problems can arise. Critically, we showed the correlation between the S&P 500 and hedge fund returns has never been higher and is approaching 1. So it is refreshing that the Treasury Department agrees in a recent report that this "herding into popular assets" by asset managers could pose a threat to the US financial system.

Say It Often Enough And It's True

To suggest that the United States is not the richest country in the world, or that the government could default, is tantamount to blasphemy. It doesn’t matter that every objective scrap of evidence points to the inevitable conclusion that the US government is going to have to default on its obligations. The hubris and arrogance here is amazing. And it just goes to show that if you just repeat something over and over again, people will believe it... no matter how absurd. This is the basic premise behind propaganda. Start with an idea. Inundate the population through constant repetition. And soon it becomes the unquestionable truth.

World Bank Whistleblower Karen Hudes Reveals How The Global Elite Rule The World

Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel. She was in a unique position to see exactly how the global elite rule the world, and the information that she is now revealing to the public is absolutely stunning. According to Hudes, the elite use a very tight core of financial institutions and mega-corporations to dominate the planet. The goal is control. They want all of us enslaved to debt, they want all of our governments enslaved to debt, and they want all of our politicians addicted to the huge financial contributions that they funnel into their campaigns. Since the elite also own all of the big media companies, the mainstream media never lets us in on the secret that there is something fundamentally wrong with the way that our system works. (Read More....)

BREAKING BAD

REPORT: DNC 'nearly broke'...

FAT CITY: Obesity up 25% in NYC under Nanny Bloomberg...

Train Runs Over Couple Having Sex on Tracks...

Thugs Armed with Tasers Terrorizing DC Streets...

Global Growth Hopes Fade As Baltic Dry Drops Most In 11 Months

While the recent surge in the Baltic Dry Index was headlined as 'proof' that the global recovery was 'on', China is back, and every retiree should BTFATH, we recently noted, all was not at all it seems on the surface of this data. Fast forward a few days and we have had 2 China PMI misses (notably disappointing relative to their Flash prints) and now the Baltic Dry has plunged by its most in 11 months over the last 4 days. Of course, we've seen these kind of ramps and dumps before in the Baltic Dry - though it is odd that we don't hear the cheerleaders as the price collapses.

Domestic Vehicle Sales Plunge; Miss By Most Since Jan 2009

We already noted the apparently 'transitory' weakness in GM's numbers and huge surge in channel-stuffing; but now the full numbers are in and it is not pretty. The annualized domestic vehicles sales collapsed (by the most in 29 months) to 11.66 million - it's lowest in 11 months - missing expectations by the most since January 2009. Stone McCarthy offers some hope that this does not signal "peak autos" for this cycle as they note, "it would appear that sales for September were pulled into August due to the extra selling days for August, stemming from the manner in which the Labor Day weekend fell on the calendar this year. Recall that August sales were firmer relative to expectations and now we have September being weaker."

David Stockman Fears Intense Resentment Over "Disaster" That Is Obamacare

"Obamacare is a disaster," is the jumping-off point for David Stockman's latest tirade against the "greatest expansion to the welfare state in the last 80 years," that was rammed through congress on a totally partisan vote. In this brief Bloomberg TV clip, Stockman "understands why the Republicans are willing to hold up government if they have to," as there is growing intensity of partisanship and resentment that can only bode ill for debt ceiling discussions... "The Republicans have to take a stand."

Why Are They Trying So Hard To Demonize Gun Owners?

There is an all-out effort to demonize gun owners in the United States today. Those that own guns are repeatedly portrayed as being uneducated, mentally deficient racists in the mainstream media. No evidence is ever produced to actually back up those claims. Gun owners regularly make lists of “potential terrorists” in official government documents, and many government officials openly regard them as ultra-paranoid “conspiracy nuts” that are a serious threat to national security. Of course the truth is that gun owners are actually among the most law-abiding and patriotic people in the entire nation, but that doesn’t really fit with the radical gun control agenda of the progressive elite. In order to move their agenda forward, they must make gun owners look bad, and they will go to ridiculous extremes in order to achieve that goal. And to a certain extent, it is working. As you will see below, some large financial companies no longer want to conduct business with gun owners, and just the sight of a gun is enough to get people freaking out and calling the police in many communities in America today. (Read More.....)

Widespread Glitches in 34 States...

PAPER: America's Superpower Status Ebbs Away...

FOURNIER: Beginning of the End for Washington...

CLOSED UNTIL FURTHER NOTICE...

Senate votes NOT to negotiate with House on compromise...

Kerry still going on Tokyo/Bali trip...

Illegal to walk on National Mall?

FLASHBACK: Government has shut down 17 times since 1976...

Are the WH chefs 'essential'?

Toddler Among 4 Stabbed in NYC...

'He was walking through park and just started going after people'...

Man Shot 8 Times During Robbery At Historic Philly Park... { Niggers! }

Oxford Professors: Robots And Computers Could Take Half Our Jobs Within The Next 20 Years

What are human workers going to do when super-intelligent robots and computers are better than us at doing everything? That is one of the questions that a new study by Dr. Carl Frey and Dr. Michael Osborne of Oxford University sought to address, and what they concluded was that 47 percent of all U.S. jobs could be automated within the next 20 years. Considering the fact that the percentage of the U.S. population that is employed is already far lower than it was a decade ago, it is frightening to think that tens of millions more jobs could disappear due to technological advances over the next couple of decades. I have written extensively about how we are already losing millions of jobs to super cheap labor on the other side of the globe. What are middle class families going to do as technology also takes away huge numbers of our jobs at an ever increasing pace? We live during a period of history when knowledge is increasing an an exponential rate. In the past, when human workers were displaced by technology it also created new kinds of jobs that the world had never seen before. But what happens when the day arrives when computers and robots can do almost everything more cheaply and more efficiently than humans can? (Read More....)

Q3 Earnings Warnings Second-Worst Since 2001

US companies are warning about Q3 earnings at the second highest level since 2001, with estimates well below what they were just three short months ago. Of course, the US equity markets don't care - having rallied aggressively in the face of this collapse; lubricated by multiple-expanding QE and rev. repo. As Reuters reports, companies issuing negative outlooks outnumber positive ones by 5.2-to-1, the most negative since the 6.3-to-1 ratio in the second quarter, when however the "second half recovery" (which has been once again indefinitely delayed, perhaps to the third half?) was said would take place momentarily and lead to another mythical rebound. Industrials, Materials, and Tech top the list for negative pre-announcements.

Zero Hedge | “One day this whole credit bubble will be deflated very badly – you are going to experience a complete implosion of all asset prices and the credit system…”

Lew Rockwell Blog | I thought Republicans on the state and local levels were more “conservative” than those on the national level?

20 Obama Quotes About Islam Contrasted With 20 Obama Quotes About Christianity

You are about to read some of the most shocking quotes that Barack Obama has ever uttered in public. A few of these have been widely circulated, but most of them are very obscure. Even though he claims to be a Christian, throughout his political career Obama has repeatedly attacked traditional Biblical Christianity and he has a very long history of anti-Christian actions. In public speeches he has repeatedly cast doubt on the Bible, he has repeatedly stated that he does not believe that Jesus is necessary for salvation, and he has consistently said that he believes that all “people of faith” believe in the same God. At the same time, Obama has always referred to Muhammed as “the Prophet”, he has always expressed great love and respect for Islam, and he has even removed all references to Islam from terror training materials used by federal government agencies. So what in the world does “the leader of the free world” actually believe? Read the quotes below and (Read More....)

#1 “The future must not belong to those who slander the Prophet of Islam”

#3 “We will convey our deep appreciation for the Islamic faith, which has done so much over the centuries to shape the world — including in my own country.”

#4 “As a student of history, I also know civilization’s debt to Islam.”

#8 “These rituals remind us of the principles that we hold in common, and Islam’s role in advancing justice, progress, tolerance, and the dignity of all human beings.”

#9 “America and Islam are not exclusive and need not be in competition. Instead, they overlap, and share common principles of justice and progress, tolerance and the dignity of all human beings.”

#10 “I made clear that America is not – and never will be – at war with Islam.”

#11 “Islam is not part of the problem in combating violent extremism – it is an important part of promoting peace.”

#12 “So I have known Islam on three continents before coming to the region where it was first revealed”

#13 “In ancient times and in our times, Muslim communities have been at the forefront of innovation and education.”

#14 “throughout history, Islam has demonstrated through words and deeds the possibilities of religious tolerance and racial equality.”

#15 “Ramadan is a celebration of a faith known for great diversity and racial equality”

#16 “The Holy Koran tells us, ‘O mankind! We have created you male and a female; and we have made you into nations and tribes so that you may know one another.’”

#17 “I look forward to hosting an Iftar dinner celebrating Ramadan here at the White House later this week, and wish you a blessed month.”

#18 “We’ve seen those results in generations of Muslim immigrants – farmers and factory workers, helping to lay the railroads and build our cities, the Muslim innovators who helped build some of our highest skyscrapers and who helped unlock the secrets of our universe.”

#19 “That experience guides my conviction that partnership between America and Islam must be based on what Islam is, not what it isn’t. And I consider it part of my responsibility as president of the United States to fight against negative stereotypes of Islam wherever they appear.”

#20 “I also know that Islam has always been a part of America’s story.”

#3 “Which passages of scripture should guide our public policy? Should we go with Leviticus, which suggests slavery is OK and that eating shellfish is an abomination? Or we could go with Deuteronomy, which suggests stoning your child if he strays from the faith?”

#4 “Even those who claim the Bible’s inerrancy make distinctions between Scriptural edicts, sensing that some passages – the Ten Commandments, say, or a belief in Christ’s divinity – are central to Christian faith, while others are more culturally specific and may be modified to accommodate modern life.”

#5 “The American people intuitively understand this, which is why the majority of Catholics practice birth control and some of those opposed to gay marriage nevertheless are opposed to a Constitutional amendment to ban it. Religious leadership need not accept such wisdom in counseling their flocks, but they should recognize this wisdom in their politics.”

#6 From Obama’s book, The Audacity of Hope: “I am not willing to have the state deny American citizens a civil union that confers equivalent rights on such basic matters as hospital visitation or health insurance coverage simply because the people they love are of the same sex—nor am I willing to accept a reading of the Bible that considers an obscure line in Romans to be more defining of Christianity than the Sermon on the Mount.”

#7 Obama’s response when asked what his definition of sin is: “Being out of alignment with my values.”

#8 “If all it took was someone proclaiming I believe Jesus Christ and that he died for my sins, and that was all there was to it, people wouldn’t have to keep coming to church, would they.”

#9 “This is something that I’m sure I’d have serious debates with my fellow Christians about. I think that the difficult thing about any religion, including Christianity, is that at some level there is a call to evangelize and prostelytize. There’s the belief, certainly in some quarters, that people haven’t embraced Jesus Christ as their personal savior that they’re going to hell.”

#10 “I find it hard to believe that my God would consign four-fifths of the world to hell. I can’t imagine that my God would allow some little Hindu kid in India who never interacts with the Christian faith to somehow burn for all eternity. That’s just not part of my religious makeup.”

#11 “I don’t presume to have knowledge of what happens after I die. But I feel very strongly that whether the reward is in the here and now or in the hereafter, the aligning myself to my faith and my values is a good thing.”

#12 “I’ve said this before, and I know this raises questions in the minds of some evangelicals. I do not believe that my mother, who never formally embraced Christianity as far as I know … I do not believe she went to hell.”

#13 “Those opposed to abortion cannot simply invoke God’s will–they have to explain why abortion violates some principle that is accessible to people of all faiths.”

#14 On his support for civil unions for gay couples: “If people find that controversial then I would just refer them to the Sermon on the Mount.”

#15 “You got into these small towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing’s replaced them. And they fell through the Clinton Administration, and the Bush Administration, and each successive administration has said that somehow these communities are gonna regenerate and they have not. And it’s not surprising then they get bitter, they cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.”

#16 “In our household, the Bible, the Koran and the Bhagavad Gita sat on the shelf alongside books of Greek and Norse and African mythology”

#17 “On Easter or Christmas Day, my mother might drag me to church, just as she dragged me to the Buddhist temple, the Chinese New Year celebration, the Shinto shrine, and ancient Hawaiian burial sites.”

#18 “we have Jews, Muslims, Hindus, atheists, agnostics, Buddhists, and their own path to grace is one that we have to revere and respect as much as our own”

#19 “All of us have a responsibility to work for the day when the mothers of Israelis and Palestinians can see their children grow up without fear; when the Holy Land of the three great faiths is the place of peace that God intended it to be; when Jerusalem is a secure and lasting home for Jews and Christians and Muslims, and a place for all of the children of Abraham to mingle peacefully together as in the story of Isra — (applause) — as in the story of Isra, when Moses, Jesus, and Mohammed, peace be upon them, joined in prayer. (Applause.)”

#20 “I believe that there are many paths to the same place, and that is a belief that there is a higher power, a belief that we are connected as a people.”

Islamic Terror Groups Are Killing Christians All Over The World And Obama Wants Us To Ally With Them

Over the past couple of days, we have witnessed some absolutely horrific examples of Islamic terror groups specifically targeting Christians and those from other non-Muslim religions. Sadly, this is not a new phenomenon. Radical Islamic jihadists are constantly attacking churches and slaughtering Christians all over the planet. The recent events in Pakistan, Kenya and Egypt may have taken this persecution to a new level, but this is just the continuation of a trend that has been building for years. Unfortunately, Barack Obama does not seem too concerned about Islamic terrorism. In fact, he specifically directed that “all references to Islam” be removed from terrorism training materials that the federal government uses. If that wasn’t bad enough, now Obama is actually supplying weapons to the radical jihadist rebels that want to take over Syria, and he appears to be very ready to use the U.S. military to attack the Assad regime directly if “negotiations” with the Syrian government fail. In essence, Obama wants the United States to be allies with psychotic jihadists that have the exact same radical philosophy that those who are killing Christians in Pakistan, Kenya and Egypt have. (Read More.....)

Revelations about the breathtaking scope of government spying are coming so fast that it's time for an updated roundup:

NSA whistleblowers say that the NSA collects all of our conversations word-for-word

The NSA not only shares our information with other American agencies, it also gives personal, sensitive unfiltered information on Americans to Israel and other foreign nations

When these judges raised concerns about NSA spying, the Justice Department completely ignored them

While the government initially claimed that mass surveillance on Americans prevented more than 50 terror attacks, the NSA’s deputy director John Inglis walked that position back all the way to saying that – at the most – one (1) plot might have been disrupted by the bulk phone records collection alone. In other words, the NSA can't prove that stopped any terror attacks. The government greatly exaggerated an alleged recent terror plot for political purposes (and promoted the fearmongering of serial liars). The argument that recent terror warnings show that NSA spying is necessary is so weak that American counter-terrorism experts have slammed it as "crazy pants"

A Harvard law school professor - and director of the Berkman Center for Internet & Society at Harvard University - says:

"The NSA has mounted a systematic campaign against the foundations of American power: constitutional checks and balances, technological leadership, and market entrepreneurship. The NSA scandal is no longer about privacy, or a particular violation of constitutional or legislative obligations. The American body politic is suffering a severe case of auto-immune disease: our defense system is attacking other critical systems of our body".

The feds are considering prosecuting the owner of a private email company - who shut down his business rather than turning over records to the NSA - for refusing to fork over the information and keep quiet. This is a little like trying to throw someone in jail because he's died and is no longer paying taxes

Mass spying creates an easy mark for hackers. Indeed, the Pentagon now sees the collection of "big data" as a "national security threat" ... but the NSA is the biggest data collector on the planet, and thus provides a tempting mother lode of information for foreign hackers

IT and security professionals are quite concerned about government spying

The top U.S. spy's justifications for such financial spying is not very reassuring:

"We collect this information for many important reasons: for one, it could provide the United States and our allies early warning of international financial crises which could negatively impact the global economy. It also could provide insight into other countries' economic policy or behavior which could affect global markets."

A huge majority of Americans wants the director of intelligence - Clapper - prosecuted for perjury. One of the chairs of the 9/11 Commission agrees

The NSA treats the American people with contempt. For example, Spiegel notes:

"The authors of the [NSA slides] draw a comparison with "1984," ... revealing the agency's current view of smartphones and their users. "Who knew in 1984 that this would be Big Brother …" the authors ask, in reference to a photo of Apple co-founder Steve Jobs. And commenting on photos of enthusiastic Apple customers and iPhone users, the NSA writes: "… and the zombies would be paying customers?

A Congressman noted that - even if a mass surveillance program is started for good purposes - it will inevitably turn into a witch hunt

There are indications that the spy agencies aren't just passively gathering information, but are actively using it in mischievous ways

Quantitative Easing Worked For The Weimar Republic For A Little While Too

There is a reason why every fiat currency in the history of the world has eventually failed. At some point, those issuing fiat currencies always find themselves giving in to the temptation to wildly print more money. Sometimes, the motivation for doing this is good. When an economy is really struggling, those that have been entrusted with the management of that economy can easily fall for the lie that things would be better if people just had "more money". Today, the Federal Reserve finds itself faced with a scenario that is very similar to what the Weimar Republic was facing nearly 100 years ago. Like the Weimar Republic, the U.S. economy is also struggling and like the Weimar Republic, the U.S. government is absolutely drowning in debt. Unfortunately, the Federal Reserve has decided to adopt the same solution that the Weimar Republic chose. The Federal Reserve is recklessly printing money out of thin air, and in the short-term some positive things have come out of it. But quantitative easing worked for the Weimar Republic for a little while too. At first, more money caused economic activity to increase and unemployment was low. But all of that money printing destroyed faith in German currency and in the German financial system and ultimately Germany experienced an economic meltdown that the world is still talking about today. This is the path that the Federal Reserve is taking America down, but most Americans have absolutely no idea what is happening. (Read More....)

Druckenmiller Blasts "The Biggest Redistribution Of Wealth From The Poor To The Rich Ever"

Reflecting on exactly what was said yesterday, Duquesne's Stanley Druckenmiller is initially perplexed as Bernanke explained 'financial conditions' - not interest rates - have prompted the decision to forestall any taper. His confusion is that financial conditions are actually slightly better than they were in June and "a stock market at an all-time high would suggest we don't have a problem with financial conditions." While he dismisses surveys, the big-money was betting that they were going to taper as is clear from the moves in gold, bonds, and stocks; and it appears the Fed "lost their nerve." In fact, Druck continues, the Fed "blew it... they had a freebie," they could have started the process to "get us off the dope." This action, or inaction, he warns "is going to make it so much harder for the next Chairman to start the process." In fact, he concludes, that from beginning to end - once markets adjust from these subsidized prices - that the wealth effect of QE will have been negative not positive.

McCain's self-defeating Pravda op-ed can only help Putin Washington Post (blog) ‎- by Max Fisher ‎ Senator John McCain, a frequent critic of the Kremlin, responded to Russian President Vladimir Putin's New York Times op-ed with his own, ...

{ How laughable to hear of ‘never-saw-a-war-he-didn’t-like’ neo-con mccain try to lecture the historically formidable Vladimir Putin on the ‘rule of law’. What parallel universe is senile mccain operating in? ( I’m going to even give ‘songbird’ mccain a pass on his violation of military code while a POW so criticized by his fellow POWs).The law is something that I know a lot about; from intense study and direct experience, while mccain can’t possibly say the same. After all, there are indeed a plethora of rules of law in pervasively corrupt, defacto bankrupt america. The problem is, in venal america, they are not meaningful rules of law as applied to some and not others (him and his et als in the latter category). Wow! Talk about out of touch … or maybe he’s just used to such drivel/propaganda being lapped up by the dumbed down american masses! See http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm for reality! }

Dozens Killed By Freakishly Huge Hornets In China – And Now They Are Attacking People In The U.S. Too

The photo of an Asian giant hornet posted above was taken by blogger Kurt Bell, and as you can see, these Asian giant hornets are freakishly huge. They are also extremely aggressive and they are not afraid to attack people at all. And as you will read about below, getting stung by one of them is exceedingly painful. If they only attacked humans once in a while, it wouldn’t be that big of a deal. Unfortunately, Asian giant hornets appear to be multiplying rapidly and they have killed dozens of people in China in recent months. But most Americans are not going to get too concerned about a plague of giant hornets on the other side of the planet. Well, what if I told you that Asian giant hornets are now spreading like wildfire in this country and attacking people all over the United States? Would I have your attention then? Because that is precisely what is happening.

The recent giant hornet attacks in China have made headlines all over the (Read More....)

Yellowstone Supervolcano Alert: The Most Dangerous Volcano In America Is Roaring To Life

Right now, the ground underneath Yellowstone National Park is rising at a record rate. In fact, it is rising at the rate of about three inches per year. The reason why this is such a concern is because underneath the park sits the Yellowstone supervolcano – the largest volcano in North America. Scientists tell us that it is inevitable that it will erupt again one day, and when it does the devastation will be almost unimaginable. A full-blown eruption of the Yellowstone supervolcano would dump a 10 foot deep layer of volcanic ash up to 1,000 miles away, and it would render much of the United States uninhabitable. When most Americans think of Yellowstone, they tend to conjure up images of Yogi Bear and “Old Faithful”, but the truth is that sleeping underneath Yellowstone is a volcanic beast that could destroy our nation in a single day and now that beast is starting to wake up. (Read More.....)

Are You Prepared For An Extremely Bitterly Cold Winter? Solar Activity Is At A 100 Year Low

Are you ready for bone chilling cold this winter? The Old Farmer’s Almanac and other weather forecasters that rely on solar activity as a factor in their weather forecasts are projecting that this upcoming winter will be bitterly cold. Solar activity is at a 100 year low, and even though we were supposed to be in the midst of a solar maximum this year, our sun has been eerily quiet. So precisely what in the world is going on? There have been other periods throughout history when solar activity has been extraordinarily quiet, and those times have corresponded with periods of extreme cold. For example, the “Maunder Minimum” which stretched from 1645 to 1715 corresponded with the most bitterly cold period that the earth experienced in the last 1000 years. So could we be heading toward another “mini-ice age”? That is a question that some scientists are now beginning to ask.

Clearly, something unusual is happening with our sun. The following is from a Universe Today article that was posted back in (Read More....)

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THe WiZaRD oF PONZ...

RoLLeRDoPeS, SaVY BuSiNeSSMeN AND A GuM CHeWiNG TWiSTeD SWiNDLeR...

Man Shot 8 Times During Robbery At Historic Philly Park... { Niggers! }

McCain's self-defeating Pravda op-ed can only help Putin Washington Post (blog) ‎- by Max Fisher ‎ Senator John McCain, a frequent critic of the Kremlin, responded to Russian President Vladimir Putin's New York Times op-ed with his own, ...

`The Cat recommends the following video:`

`Man Shot 8 Times During Robbery At Historic Philly Park... { Niggers! }`