WITCHES BREW: FINGERS OF INSTABILITY!
(PART V)
Posted by:
tedbits Post date:
10/11/2013 - TedBits - Newsletter
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.
"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."
.
.
.
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.
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....)
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....)
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.....)
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.....)
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....)
Submitted by Tyler Durden on
10/11/2013 - 17:01
The
popular take on the current debt ceiling stand-off is that the Tea Party wing
of the Republican Party has a delusional
belief that it can hit the brakes on new debt creation without bringing on an
economic catastrophe. While Republicans are indeed kidding
themselves if they believe that their actions will not unleash deep economic
turmoil, there are much deeper and more significant delusions on the other side
of the aisle. Democrats, and
the President in particular, believe that continually taking on more debt to
pay existing debt is a more responsible course of action. Even
worse, they appear to believe that debt accumulation is the equivalent of
economic growth.
Submitted by Tyler Durden on
10/11/2013 - 18:54
Based
on inflation, unemployment, growth weakness, and cost of capital, Goldman notes
that emerging market's "macro-misery" indices have pushed back to
post-financial-crisis highs. It is hardly a surprise that macroeconomic
hardship is surging since in the 15 years since the EM sovereign bonds have
been liquid, levels remain extremely elevated, despite the mainstream-media's
relegation of the problem. As Bank of Mexico's Agustin Carstens warns, "we cannot rule out the event that
some advanced economies run into deeper trouble again... the world economy is
still in a fragile situation."
Submitted by Tyler Durden on
10/11/2013 - 18:14
Last week we
showed the worrisome level of exuberance that IPOs were creating in terms
of price outperformance over the broad market. It turns out the similarities to
the prior dot-com busts runs considerably deeper (and more worrisome). As the
WSJ reports, 68% of
U.S.-listed technology debuts this year, or 19 out of 28 deals, have been
companies that lost money in the prior fiscal year or past 12 months. That is
the highest percentage since 2007, and 2001 before that.
Submitted by Tyler Durden on
10/11/2013 - 17:47
Following
three consecutive and increasingly more severe margin hikes by Interactive
brokers (from Monday, Wednesday and Thursday), it was only a matter of time
before the CME joined the party. And even if CME had hiked E-mini margins for
all of two or three times since Lehman, whether it is due to recent surge in
volatility or for whatever other reason, it had no problem doing so after the
close on Friday, when moments ago it hiked initial and maintenance margins on
the key market moving futures contracts including the E-Mini and big S&P,
Nasdaq and Dow Jones, as well as pages of other contracts (see below) anywhere
between 8% and 16%.
Submitted by Tyler Durden on
10/11/2013 - 16:43
This
objective report concisely summarizes important macro events over the past
week. It is not geared to push an agenda. Impartiality is necessary to avoid
costly psychological traps, which all investors are prone to, such as
confirmation, conservatism, and endowment biases.
Submitted by Tyler Durden on
10/11/2013 - 16:15
A
lack of news on deal progress in thelast 24-36 hours was not enough to stall an
epic ramp in stocks to take 'most' indices back into the green on the week. The Russell is within a hair of all-time
highs again (bouncing 4.6% off Wednesday's lows) but the Nasdaq closed the week
-0.27% - breaking a 5-week winning streak. All equity indices
are green post-shutdown but we note in sectors, the homebuilders are still
-1.6% (and Discretionary with a small gain). Treasures ended the week modestly
higher in yield (with Bills ignoring equities and notably higher in yield).
Gold was slammed -3%, Oil and Silver -2% and Copper -1% (as the USD gained a
mere 0.3% - driven by a 1% dump in JPY). VIX underperformed equity exuberance
on the day but closed lower.
The close saw a mini-melt-up in stocks taking us back to the highs.
Submitted by Tyler Durden on
10/11/2013 - 16:14
In a
day driven higher by one after another "optimistic" headline, it was
natural that any bad news would be reported just after the close. Which is why
we expect the White House press secretary Carney to have saved any negative
news for the just started press conference. Watch it live below.
Submitted by Tyler Durden on
10/11/2013 - 15:41
While
one after another money market fund quietly announces they are liquidating
"cash equivalent" Bill holdings, be they the mid/late October vintage
or, now that a can kicking negotiation is in process, the Bills in close
proximity to the Thanksgiving day 6 week extension period, over buck
breaking concerns that the debt ceiling extension may be snagged due to
political manoeuvering, someone was once again ahead of the curve. That someone
are the 20 Primary Dealers, which as the NY Fed reports, sold out of the bulk
of their Bill holdings in the last two weeks of September in the process taking
their Bill holdings to the lowest in all of 2013. The last time Dealers sold off
near-term Treasurys with such gusto: July 13 of 2011, just before the last debt
ceiling extension fiasco, when Bill holdings dropped to a net negative ($10)
billion position.
Submitted by Tyler Durden on
10/11/2013 - 15:25
The
Treasury Department has warned that the continued failure by Congress to raise
the debt ceiling would leave the United States unable to pay all of its bills
and may force the country to default on its government bonds. Here are some helpful answers to the most common
questions about the debt ceiling crisis...
Submitted by Tyler Durden on
10/11/2013 - 14:52
Of course, equity markets can only hear
one thing (for fear of the consideration of Plan B) but as The Washington
Post notes, the Senate Republicans can't agree on how their meeting with
Obama went.
- Good - Sen. Bon Corker: "I was pleasantly surprised, I think there's a gelling that's
beginning to take place."
- Bad - Sen. Susan Collins: "I don't want to give the
impress that he endorsed it, but he indicated there were 'elements' with which
he agreed."
- Ugly - Sen John Cornyn: "...what could have been a productive conversation was instead
another predictable lecture from the President that did not lay out a new path
forward."
Summing it all up (and mixing
metaphors) - it's a Goldilocks meeting for stocks.
Submitted by Tyler Durden on
10/11/2013 - 14:31
Contrary
to the all "rose-colored glasses" reports by the Fed released in the
past year, which constantly talked up the "economic recovery"
only to punk everyone - economists and market participants alike - when it
stunned markets with its no taper announcement in September, over fears what
this would do to the economy, the Federal Advisory Council's view on things is
decidedly less "rosy."
Submitted by Tyler Durden on
10/11/2013 - 14:15
The
dollar is the world’s go-to currency. But for how much longer? Will the
dollar’s status as the only true global currency be irreparably damaged by the
battle in the US Congress over raising the federal government’s debt ceiling? Is the dollar’s “exorbitant privilege” as
the world’s main reserve currency truly at risk? Sane
governments do not default when they have a choice – especially not when they
enjoy the “exorbitant privilege” of issuing the only true global currency. We are about to find out whether the US
still has a sane government.
Submitted by Tyler Durden on
10/11/2013 - 13:52
It would appear - in a similar vein
to last night's White House exit - the stock market is a little disappointed
that Democrats and Republicans did not come out holding hands. Instead, we get
the usual maybe good, maybe bad statements:
- SENATOR ORRIN HATCH SAYS OBAMA EXPRESSED CONCERNS OVER DURATION OF
HOUSE REPUBLICAN DEBT LIMIT PLAN (well that's 'bad' news for a deal), but
- *OBAMA DIDN'T REJECT MEDICAL DEVICE TAX REPEAL, HATCH SAYS (well that's good news for a deal)
For now the Dow is 30 points off its highs on this
lack of news.
Submitted by Tyler Durden on
10/11/2013 - 13:19
In what has to be the most
disingenuous bullshit comment of the day, Fed's Rosengren appears to have
re-written history in his lame attempt to justify the Fed's in-action at the
last FOMC Meeting. His comment:
*ROSENGREN: WEAK DATA,
FISCAL DISRUPTION WARRANTED TAPER DELAY
Is a total lie... 1) US Macro data
had reached its highest in a year in the data preceding the decision, and 2)
the government shutdown and debt-ceiling both happened well after, and only
after the infamous Cruz filibuster focusing on Obamacare, which the Fed
certainly had no idea was coming. If anything, the Fed's decision to not taper served as the reason why
government thought it could shut down: after all stocks, pardon
the Fed's balance sheet, had just hit an all time high so what really was the
downside.
Submitted by Tyler Durden on
10/11/2013 - 13:06
Unlike the usual back-slapping
reacharound that G-20 meetings are, the most recent one, just ended in
Washington with a rather more aggressive set of comments...
- *JAPAN'S ECONOMIC PLANS MEET 'WIDESPREAD' SKEPTISM AT G-20: ZHU
- *U.S. SHOULD HEED GLOBAL CONCERNS ON DEBT CRISIS, ZHU SAYS (or else)
- *G-20: MONETARY POLICY MUST BE CALIBRATED, COMMUNICATED WELL (stop messing up Fed!)
- *G-20 SAYS U.S. MUST TAKE `URGENT ACTION' ON FISCAL UNCERTAINTY (come on Congress!)
In other words, you guys in the US
and Japan with your crazy policies and lack of credibility and screwing up
"the plan."
The wars of the future are very
likely going to resemble many of the science fiction movies that we are
watching right now. The U.S. military is in a global race to create
the “technologies of the future”, and some of the things that they are coming
up with are disturbing to say the least. Are you ready for future conflicts
where “Iron Men”, “super soldiers”, “Terminator robots”, and autonomous drones
do most of the killing? Are you ready for American soldiers that have
been genetically modified to perform superhuman feats of strength, run at
superhuman speeds and even regrow limbs? The truth is that all of this
stuff is being developed right now and most Americans have no idea that it is
happening.
Have you enjoyed watching the “Iron
Man” movies that have come out in recent years? Tens of millions of
Americans have flocked to see those films, and now they are being used as
inspiration to create a new generation of “exoskeletons” for U.S.
soldiers. In fact, it is being reported that this revolutionary new
“smart armor” was specifically (Read More....)
'COMPROMISE'
WOULD FUND OBAMACARE, LIFT DEBT CEILING, REOPEN GOVERNMENT AND REVERSE
SEQUESTER CUTS... { WOW! }
Paul
Ryan Back In Charge...
Embattled
IRS official made 155 visits to White House...
Sebelius
event in Pittsburgh turns into debacle...
Two
People Attend 'Obamacare and You!' Event...
Thousands
of doctors fired by UNITED HEALTHCARE...
Man
Falsely Accused of Rape by Al Sharpton Calls on Companies to Join Boycott...
'I'm
dumbfounded at how advertisers accept what he has done'...
SHARPTON:
I 'have become cornerstone of this country'...
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
Submitted by Tyler Durden on
10/10/2013 - 15:20
No
news... but green now on the week and month as epic volume ramped stocks
perfectly at 3pm...
Kurt Nimmo |
Obamacare is a government scam to force Americans at gunpoint to pay for
corporate health insurance.
Anthony Gucciardi
| Top nuke commanders terminated following exclusive high level military
intelligence over secret nuclear warheads transfer
Adan Salazar |
School assignment places kids as heads of death panels.
Paul Joseph Watson
| Government pays fake cops to keep Americans out of national park during
“shutdown”.
Paul Joseph Watson
| Prisoner training: Don’t complain about your grope down.
Kurt Nimmo |
Obama wouldn’t be president now if Ditka had run for Illinois Senate, football
legend insists.
Paul Joseph Watson
| Veterans from across the country descend on DC this weekend.
JPMorgan’s
Dimon Posts First Loss on $7.2 Billion Legal Cost
Bloomberg |
Third-quarter loss was $380 million, or 17 cents a share…
Glum consumers, shutdown send sentiment reeling to 9-mo. low
cnbc.com |
Consumer sentiment deteriorated in October to its weakest level in nine months.
EXCLUSIVE: Just 51K out of tens of millions of people completed
Obamacare applications during first week
Daily Mail |
Congressional Budget Office says Obamacare needs at least 7 million customers
to stay afloat financially.
Steve Watson | Calls hecklers “paid
political operatives”.
Adan Salazar |
School assignment places kids as heads of death panels.
Paul Joseph Watson
| Prisoner training: Don’t complain about your grope down.
Gallup | Twenty-six percent believe
Democratic and Republican parties do adequate job.
TechDirt | Foreign Policy magazine
has an article highlighting how NSA employees are pissed off that President
Obama hasn’t been defending the NSA.
Offgrid Survival | The Rangers are
not being sent in so visitors can enjoy these parks, there being sent in to
arrest anyone who tries to enter them.
Michael Snyder | If you don’t
currently have health insurance you better get signed up by January 1st or you
will get slapped with a fine.
Gold
Trading Was Temporarily Halted On The CME This Morning
Business Insider | Gold trading was
temporarily halted on the CME for 10 seconds this morning at 8:42 AM ET for a
“stop logic event,” according to Bloomberg.
‘Dutch sandwich’ grows as Google shifts €8.8bn to Bermuda
Financial Times | Google funnelled
€8.8bn of royalty payments to Bermuda last year.
College graduate: Obamacare has ‘raped my future’
Natural News | After $6,000 in
deductibles, of course.
Report: Glitchy Healthcare.gov cost taxpayers more than $634
million to build
Daily Caller | A tech news site has
surfaced with a dollar estimate for what the glitchy website actually cost
taxpayers.
BUCHANAN: Is red
state America seceding?
POLL:
60% say fire every member of Congress...
Feds
collect $56 billion in taxes during 9 days of 'shutdown'....
Snowden
breaks cover in Moscow to collect prize for 'Integrity in Intelligence'...
Surveillance,
democracy, transparency -- a global view...
NSA
Veterans: White House Is Hanging Us Out to Dry...
REPORT:
OBAMA BRINGS CHILLING EFFECT ON JOURNALISM...
'Scared
to death'...
Taliban
Mocks Shutdown: Lawmakers 'Sucking Blood Of Their Own People'...
Furloughed
can't stop looking at phones, breaking law...
WHITE
HOUSE, IRS EXCHANGED CONFIDENTIAL TAXPAYER INFO
CRACKS
EMERGE AMONG DEMS OVER SHUTDOWN...
Obama
apologizes...
House
Republicans Expect to Approve Short-Term Debt Deal...
REPORT:
NY & NJ have worst tax climates in USA...
COULTER:
DEMS TO AMERICA: WE OWN THE GOVERNMENT!
SOWELL:
Inarticulate Republicans...
LIMBAUGH:
Obama Approval Down to 37% and Republicans Still Think They're Losing?
President
and liberals hug it out...
PREZ
TO SPEAKER: I won't negotiate...
Portrays those opposed to raising debt ceiling as kidnappers,
arsonists...
'Deadbeat'...
FLASHBACK:
Voted AGAINST raising debt ceiling when he was senator...
Error! Unknown switch argument.
FEDERAL
GOVERNMENT: American adults dumber than average human...
'Quite
distressing'...
IMF
issues warning...
Priest:
Obama Administration Denied Mass To Catholics...
Tensions
Ratchet Up in Debt Battle...
Cantor:
Obama, Quit Mocking Congress...
Reid
wants $1 Trillion MORE...
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?
Submitted by Tyler Durden on
10/08/2013 - 21:02
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.
Submitted by Tyler Durden on
10/08/2013 - 20:35
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.
Submitted by Tyler Durden on
10/08/2013 - 20:00
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.
Submitted by Tyler Durden on
10/08/2013 - 19:32
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.
Submitted by Tyler Durden on
10/08/2013 - 19:03
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.
Submitted by Tyler Durden on
10/08/2013 - 18:55
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.
Submitted by Tyler Durden on
10/08/2013 - 18:23
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."
Submitted by Tyler Durden on
10/08/2013 - 18:05
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.
Submitted by Tyler Durden on
10/08/2013 - 17:31
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.
Submitted by Tyler Durden on
10/08/2013 - 17:00
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.
Submitted by Tyler Durden on
10/08/2013 - 16:39
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.
Submitted by Tyler Durden on
10/08/2013 - 16:26
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'
*BOEHNER SAYS `THERE'S
GOING TO BE A NEGOTIATION HERE'
Submitted by Tyler Durden on
10/08/2013 - 16:13
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.
Submitted by Tyler Durden on
10/08/2013 - 15:49
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.
Submitted by Tyler Durden on
10/08/2013 - 15:37
"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.
Submitted by Tyler Durden on
10/08/2013 - 13:54
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.
Submitted by Tyler Durden on
10/08/2013 - 13:39
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.
Drones
to Make 'Kill' Decisions on Their Own...
CONGRESSIONAL
GYM STAYS OPEN
Feds
issue $8,323,949,000,000 in new Treasury securities...
CHINA
WARNS USA ON DEFAULT...
White
House Opens Door to Interim Fix On Debt Limit...
House
GOP Weighs Short-Term Extension...
POLL:
39% Say Nation Can Go Past Deadline...
PAPER:
America's Gatsby moment...
Cancelled
trip leaves Obama schedule empty...
KERRY
SUBS FOR PRESIDENT, MEETS WITH RUSSIAN, CHINESE LEADERS...
Parents
Upset Over Trayvon Martin Day at High School...
Top
WH adviser accidentally tweets the 'N' word...
Maryland
Obamacare Exchange: 'No Doctors Are Found'...
Sebelius
shredded on DAILY SHOW...
Individuals
Can Get 1-Year Delay -- By Paying Penalty...
CHINA,
JAPAN WARN USA ON DEFAULT
Feds issue $8,323,949,000,000 in new Treasury securities...
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! }
Woman
tries to ram car into White House barricade... { Typical niggers … perfect
match for that other recent vintage killer, nigger, aaron alexis }
Believed
to Have History of Mental Illness... { Riiiiight … the ‘mental illness
thing … reality: typical niggers … look at the stats! }
Suspect
pursued to Capitol...
20-car
police chase...
Small
child recovered from vehicle...
RoLLeRDoPeS,
SaVY BuSiNeSSMeN AND A GuM CHeWiNG TWiSTeD SWiNDLeR... Posted by : williambanzai7
Post date: 10/02/2013 - 13:16 Clear all food and beverages now!
RoLLeRDoPeS,
SaVY BuSiNeSSMeN AND A GuM CHeWiNG TWiSTeD SWiNDLeR...
Submitted by williambanzai7 on
10/02/2013 13:16 -0400
.
The
derby is getting intense
Obama
is on the offense
So
here is the deal
Although
it looks real
This
game is a clever pretense
The
Limerick King
http://albertpeia.com/100713mostlybanzai.htm
http://albertpeia.com/93013mostlybanzai.htm
Submitted by Tyler Durden on
10/05/2013 - 18:38
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...
He calls this condition
"Sundown in America".
Submitted by Tyler Durden on
10/05/2013 - 14:01
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.
Submitted by Tyler Durden on
10/05/2013 - 12:48
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.
Submitted by Tyler Durden on
10/04/2013 - 22:18
When the NSA sorts through American
communications to find terrorists, what is their accuracy in identifying one?
Submitted by Tyler Durden on
10/04/2013 - 21:50
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."
Submitted by Tyler Durden on
10/04/2013 - 21:02
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.
83%
of Federal Government Still Operating...
House
approves back pay for federal workers...
Pentagon
recalls furloughed civilians...
Towns,
States Rally to Reopen National Parks...
Police
Remove Vietnam Vets at Memorial Wall...
Vets
Break Through Barricade at Iwo Jima Memorial...
'Circus'
outrages visitors...
Feds
attempt to close ocean...
HILL
TAKES BREATHER
NYT
Reporter: Administration 'most closed, control-freak I've ever covered'...
Washington
at War: Political animosity reaches new, personal level...
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. }
Budget
stalemate persists as focus shifts to debt ceiling...
Schiff: 'I
think there's going to be a depression'...
Government
Lies About Spying Again and Again … Here’s What’s REALLY Going On Posted by : George Washington Post date: 10/04/2013 - “Spies … Can Now, For The First Time, Monitor
Everything About Us, And They Can Do So With A Few Clicks Of A Mouse And – To
Placate The Lawyers – A Drop-Down Menu Of Justifications”
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.
#24 In the United States today, 317,000 waiters and
waitresses 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.
Simon Black of
the Sovereign Man blog discussed this global trend in a recent article on
his website...
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.
Meanwhile, the overall economy
continues to get even weaker.
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.
So what will that mean for our
future?
Please feel free to share what you
think by posting a comment below...
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....)
SHUTDOWN
FALLDOWN
GALLUP:
OBAMA FALLS TO 41%...
WIRED
SHUT: BARRICADE AT WWII MEMORIAL REINFORCED...
Military
keeps Camp David open; Halts NFL, baseball coverage to troops overseas...
Autumn
'leaf season' in jeopardy...
Debt
ceiling fight dates to Founding Fathers...
Boehner
looking to temper expectations...
WH
asks for shutdown sob stories...
$63B
Spent, $26B Taxed, $1.6B Borrowed in First 2 Days of 'Shutdown'...
'DUCK
DYNASTY' Star Claims Editors Cut Jesus' Name From Prayer At End Of Show...
UPDATE:
Off-duty NYPD cop stood by while bikers beat dad...
REPORT:
Feds seize grocer's bank account for no reason...
SHOCK
VIDEO: Obama Supporters Don't Know What Party Obama Is Affiliated With!
POLL:
88% say government 'in charge' of people...
Happy
Birthday: Tax Code Increases 73,208 Pages Since Inception...
Former
NSA/CIA Chief Jokes About Putting Edward Snowden on Obama's Kill List...
Government
Shutdown Not Slowing Down Warmongers Posted by : George Washington Post date: 10/03/2013 - Warmongering Continuing Full Speed Ahead
…The government shutdown isn’t slowing down the warmongers. For example:
The CIA is ramping up covert
training program for Syrian rebels
President Obama has waived
a ban on aiding regimes that use child soldiers
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
DoD will continue to award contracts during the shutdown …
but will stop publicly announcing them
The giant $2 billion
dollar NSA spying center in Utah is still opening (the NSA is part of the Department of Defense,
which carries out assassination and cyber-warfare campaigns, as well as destroying the
privacy of American citizens)
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.
Of course, we wouldn’t be in this crisis of hitting
the debt ceiling in the first place if we hadn’t spent so much money on
unnecessary wars … which are horrible for the economy.
And as John Whitehead writes:
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.
Chief
DHS Privacy Officer: Government Called Privacy Office "Terrorists" Posted by: George Washington Post date: 10/02/2013 - DHS Pretends It Still Has Privacy Officers ...
When They've All Quit In Disgust
Submitted by Tyler Durden on
10/03/2013 - 17:03
"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.'"
-Jim Rogers
Submitted by Tyler Durden on
10/03/2013 - 20:40
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.
Submitted by Tyler Durden on
10/03/2013 - 20:04
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).
Submitted by Tyler Durden on
10/03/2013 - 12:32
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...
1-800-F U-CKYO
Indeed, Mr. President, 1-800-318-2596 to you too.
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".
#4 The U.S. Postal Service will continue to deliver our mail.
#5 U.S. military personnel will remain on duty and will continue to
get paid.
#6 Social Security recipients will continue to get their benefits.
#7 Medicare recipients will continue to get their benefits.
#8 Medicaid recipients will continue to get their benefits.
#9 Food stamp recipients will continue to get their benefits.
#10 Those on unemployment will continue to get their benefits.
#11 Federal retirees will continue to get their pensions.
#12 The federal school lunch program has enough money to go through at least
the end of this month.
#13 Public schools all over the country will continue to stay open.
#14 Almost all federal law enforcement officials will continue working.
#15 The Federal Reserve will remain "completely functional".
#16 The Supreme Court will continue to operate normally
and federal courts have enough money to keep going for at least two weeks.
#17 TSA employees will continue to molest travelers at our airports.
#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.
#20 Visas and passports will continue to be issued
by the State Department.
#21 The Veterans Administration will continue to offer substandard medical
services, and it will be able to continue processing benefit payments at least for now.
#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".
#24 The "government shutdown" has not
prevented the new two
billion dollar NSA spy center from opening up.
#25 Federal prisons will continue to operate normally.
#26 Amtrak trains will continue to run.
#27 The Patent and Trademark Office will be open.
#28 The Consumer Product Safety Commission will
continue to issue product recalls if the products "create
an immediate threat to the safety of human life".
#29 The National Weather Service and the National
Hurricane Center will continue
to track weather patterns.
#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.
#32 All city employees of the D.C. government have been deemed
"essential" and will continue to go to work.
#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.
That is more than a lot of Americans
pay for their entire houses.
For many more examples like this,
please see my previous article entitled "The
Waste List: 66 Crazy Ways That The U.S. Government Is Wasting Your Hard-Earned
Money".
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?
No wonder Barack Obama is so upset
about this shutdown.
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.
CRAZY
Woman
tries to ram car into White House barricade... { Typical niggers … perfect
match for that other recent vintage killer, nigger, aaron alexis }
Believed
to Have History of Mental Illness... { Riiiiight … the ‘mental illness
thing … reality: typical niggers … look at the stats! }
Suspect
pursued to Capitol...
20-car
police chase...
Small
child recovered from vehicle...
SENATOR:
'I didn't get my Marine sword down to do battle, but I was ready to'...
Rangel
Blames Republicans...
DEMS
UNLEASHED: Angry name calling, bombastic insults, rhetorical bullying...
Congressman
assaulted outside Capitol...
'Jihad'...
SIGN
UP: 1-800-FUCKYO...
$175
monthly premium for a young, healthy student?
'WORSE
TODAY THAN YESTERDAY'...
Insurance
Manager: 'We Have Yet To Have Someone Successfully Register'...
WH:
We 'Don't Have that Data'...
TV
Station Can't Find Anyone Who Signed Up...
WASHPOST
seeks public's assistance in search...
Some
state websites see less than 1% signup rates...
Louisiana:
Zero Enroll?
CA
says 5M hits; actual number 645K...
Feds
shut down D-Day beaches, cemetery in Normandy...
Barrycades:
Try to Close Privately Owned Mount Vernon...
Philly
tavern frequented by Founding Fathers shuttered...
Lodge
with 12 rooms closes on Cape Cod...
Monuments,
memorials stayed open during last shutdown...
Grocery
stores on Army bases closed, Obama's golf course open...
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. }
Submitted by Tyler Durden on
10/02/2013 - 22:10
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.
Submitted by Tyler Durden on
10/01/2013 - 17:04
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.
.
WWII
VETS STORM DC MEMORIAL...
WAR
VETERANS THREATENED WITH ARREST...
REPORT:
WH rejected visit request...
PAUL:
'Goons' blocked landmark...
BARRYCADES:
Park Service workers erect fences...
More
guards than at Benghazi...
NPS says Obama admin ordered closure...
Reid
blames Republicans...
RNC
offers to pay to keep open...
'WHY
WOULD WE WANT TO' HELP ONE KID WITH CANCER?
Some
Obamacare state websites see less than 1% signup rates...
Louisiana:
Zero Enroll?
Debt
Held by Public Up 90% Since Jan '09...
BLINK:
Reid offers to talk tax reform if GOP ends federal shutdown...
FEEL
THE PAIN: IRS collecting money, not sending refunds during shutdown...
Just
6.6% of EPA employees deemed 'essential'...
9
out of 10 IRS workers sent home...
But
1,350,000 still on the job...
NPS Orders
Closure of Park that Receives No Federal Funding...
No
more golf for Obama?!
TV
network stories blame GOP 21-0... { Yeah, that ‘access/government welfare/fear thing’ is tough to
shake … I’m inclined to believe WOODWARD:
'On the president's head'... }
NSA
Central to U.S. Assassination Program Posted by: George Washington Post date: 09/29/2013 - Intelligence Agencies Central In Assassination
Programs Carried out Without Oversight
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....)
FLASH:
Senate Kills Bill to Fund Gov't...
DEMS VOTE TO KEEP TAX ON MEDICAL EQUIPMENT...
House
GOP: Eliminate subsidies for Congress!
REQUIRE
ADMINISTRATION TO SIGN UP!
CORN:
Will Obama get very mad?
Even
in shutdown, Feds get overtime, comp time, 'Sunday pay'...
Kerry
still going on Tokyo/Bali trip...
Congressman
Shows Obamacare Exchanges Crash Minutes After Launch
Senate
Rejects House Proposal to Avoid Shutdown Hours Before Deadline
Submitted by Tyler Durden on 10/01/2013
- 15:23
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.
Submitted by Tyler Durden on
10/01/2013 - 14:57
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."
Submitted by Tyler Durden on
10/01/2013 - 14:34
"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."
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.....)
Government
Has Shut Down 18 Times Since 1976 Posted by : George Washington Post date: 10/01/2013 - Not the End of the World
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....)
Submitted by Tyler Durden on
09/30/2013 - 17:52
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.
Marc
Faber Warns “We Have Reached The Endgame Of Monetary Policy”
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…”
State and
Local Taxes at All Time Highs
Lew Rockwell Blog | I thought
Republicans on the state and local levels were more “conservative” than those
on the national level?
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....)
20 Quotes By Barack Obama About Islam
#1 “The future must not belong
to those who slander the Prophet of Islam”
#2 “The sweetest sound I know is
the Muslim call to prayer”
#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.”
#5 “Islam has a proud tradition
of tolerance.”
#6 “Islam has always been part
of America”
#7 “we will encourage more
Americans to study in Muslim communities”
#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.”
20 Quotes By Barack Obama About Christianity
#1
“Whatever we once were, we are no longer a Christian nation”
#2 “We do not consider ourselves a Christian
nation.”
#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.”
About the author: Michael T. Snyder is a former
Washington D.C. attorney who now publishes The
Truth. His new thriller entitled “The Beginning Of The End”
is now available on Amazon.com.
SHOCK:
Black Pastor Shot by Black Man, Killed During Church Service...
Number of
Americans giving up citizenship soars...
Maine
communities contemplate 'neighborhood secession'...
Pelosi
absent for vote...
Senate
Will Reject...
Obama
Will Veto...
'SHUTDOWN'
LOOMS...
Digital
Revolution Rallies Troops...
DELAY
OBAMACARE OR WE WILL SHUT IT DOWN
BOEHNER
MAKES MOVE
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.....)
NSA
Central to U.S. Assassination Program Posted by: George Washington Post date: 09/29/2013 - Intelligence Agencies Central In Assassination
Programs Carried out Without Oversight
Spy Agencies Are Doing WHAT? Posted by: George Washington Post date: 09/23/2013 - New Revelations Are Breaking Every Day
Revelations about the breathtaking scope of government
spying are coming so fast that it's time for an updated roundup:
The government
is spying on essentially everything
we do. It is not just
"metadata" ... although that is enough
to destroy your privacy
The government
has adopted a secret interpretation of the Patriot Act which allows it to pretend
that "everything"
is relevant ... so it spies on everyone. For example, the NSA
"oversight" court believes the mere
claim that terrorists use the phone system is enough to show that all phone
records are relevant
NSA
whistleblowers say that the NSA collects all of our conversations word-for-word
It's not just
the NSA ... Many other agencies, like the FBI and IRS – concerned only with domestic
issues - spy on Americans as well. The Drug Enforcement Administration has
had direct access to AT&T phone records for 25
years
The information
gained through spying is shared
with federal,
state and local agencies, and they are using that information to prosecute petty
crimes such as drugs and taxes. The agencies are instructed to intentionally
"launder" the information gained through spying, i.e. to pretend
that they got the information in a more legitimate way ... and to hide
that from defense attorneys and judges
The Department
of Health and Human Services will also have access to vast
quantities of sensitive federal data on Americans as part of Obamacare
(here's the underlying Government Accountability Office report)
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
And it's not
only governments. Private contractors can also view
all of your data (and the government isn’t
keeping track of which contractors see your data and which don’t). And
because background
checks regarding some contractors are falsified, it is hard to know the
types of people that might have your information. Indeed, private
contractors are involved in spying on behalf of governments world-wide
It's not just
your computer and your phone. It is well-documented that the government may be
spying on us through cars
and buses, streetlights, at airports and on the street, via mobile scanners and
drones, through our smart meters, and in many other ways
Top
counter-terror experts say that the government’s mass spying doesn't keep us safe
Indeed, they
say that mass spying actually hurts U.S.
counter-terror efforts (more here
and here)
They say we
can, instead, keep
everyone safe without violating the Constitution ... more cheaply and efficiently
than the current system
There is no real oversight
by Congress, the courts, or the
executive branch of government. And see this and this.
Indeed, most Congress
members had no
idea what the NSA is doing. Even staunch defenders of the NSA -
and congress
members on the intelligence oversight committees - now say they've
been kept in
the dark
A Federal judge
who was on the secret spying court for 3 years says
that it's a kangaroo
court
Even the current
judges on the secret spying court now admit that they're
out of the loop and powerless to exercise real oversight.
When these
judges raised concerns about NSA spying, the Justice Department completely ignored
them
A former U.S. president
says that the spying program shows that we no
longer have a functioning democracy
The chairs of
the 9/11 Commission say that NSA
spying has gone way too far
Top
constitutional experts say that Obama and Bush are worse
than Nixon ... and the Stasi East Germans
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"
You're much
more likely to be killed by brain-eating amoeba,
lightning or a toddler than by terrorism. Even President Obama
admits that you're
much less likely to be killed by terrorists than a car accident. So the
government has resorted to lamer
and lamer excuses
to try to justify mass surveillance
Experts say
that the
spying program is illegal, and is exactly the kind of
thing which King
George imposed on the American colonists ... which led to the Revolutionary War
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 top
counter-terrorism Czar under Clinton and Bush says that revealing
NSA spying programs does not harm national security
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
Whistleblowers
on illegal spying have no "legal"
way to get the information out
Spying
started before
9/11 ... and various
excuses have been used to spy on Americans over the years
Governments and
big corporations are doing everything they can to
destroy
anonymity
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
Mass
surveillance by the NSA directly
harms internet companies, Silicon Valley, California … and the entire U.S. economy.
For example, Facebook lost 11
millions users as of April mainly due to privacy concerns (and that was before
the Snowden revelations). And see these reports from Boingboing and the Guardian
IT
and security
professionals are quite
concerned about government spying
Some people make
a lot of
money off of mass spying. But the government isn't
using the spying program to stop the worst
types of lawlessness
The NSA spying
program is unambiguously being used for industrial espionage, by spying on large
foreign corporations, and the biggest financial
payments
systems such as VISA and Swift. Indeed, in a slide leaked
by Edward Snowden, "economic"
was one of the main justifications for 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."
Top financial
experts say that the NSA and other intelligence agencies are using the
information to profit
from this inside information
The Wall Street
Journal reported that the NSA spies on Americans’ credit card transactions.
Many other agencies are doing the same. In fact, virtually all U.S. intelligence
agencies – including the CIA and NSA – are going to spy on Americans’
finances. The IRS will also be spying on
Americans’ shopping
records, travel, social interactions, health records and files from other
government investigators
Polls show that
the public doesn’t believe the NSA … and thinks that the
government has gone way too far in the name of
terrorism
While leaker
Edward Snowden is treated as a traitor by the fatcats and elites, he is considered
a hero
by the American public. Members of the Executive,
Legislative and Judicial branches of government have all praised
the debate on spying which Snowden's leaks started
The heads of
the intelligence services have repeatedly
been caught lying
about spying. And even liberal publications are starting to say that Obama
has been intentionally lying about spying. The government claimed that most
spying programs ended in 2011, when - in fact - they were expanded
that year
Obama says
he'll rein in spying ... but his words
and deeds indicate that he won't. Indeed, Obama appointed
the fox to guard
the chicken coop. No wonder only
11% of Americans trust Obama to actually do anything to rein in spying
A huge majority
of Americans wants the director of intelligence - Clapper - prosecuted for perjury.
One of the chairs of the 9/11 Commission agrees
While the Obama
administration is spying on everyone in the country – it is at the same time
the most secretive administration ever (background). That’s despite Obama saying
he’s running the most transparent
administration ever
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?
Worse, the
intelligence agencies often view normal, true-blue Americans as potential
terrorists
(and see
this)
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
Surveillance
can be used to frame you
if someone in government happens to take a dislike to you
Government
spying has always
focused on crushing dissent … not on keeping us safe
An NSA
whistleblower says that the
NSA is spying on – and blackmailing – top government officials and military
officers (and see
this)
High-level US
government officials have warned
for 40 years that mass surveillance would lead to tyranny in America
A top NSA
whistleblower says that the only way to fix things is to fire all
of the corrupt government officials who let it happen. As the polls above
show, the American public is starting to wake up to that fact
NSA DIRECTOR ADMITS:
...
Collecting data from social networks
...
Testing U.S. cellphone tracking
...
Releasing 'misleading' numbers on terror plots foiled by snooping
NJ
property taxes up 13% under Christie...
Obama
applauds mayoral candidate's vow to hike taxes in NYC...
CNN:
3 alleged Kenya attackers from USA...
Raises
concerns in U.S....
Gunmen
executed non-Muslims after asking them to name Prophet Mohammed's mother...
Deep cuts at
agency responsible for investigating health-care fraud...
Secret
American Subculture of Putin-Worshippers... { Secret … I doubt it … I
believe the Russia/Putin ‘miracle’ is worthy of praise and world class global
recognition as such! }
Movement
grows to repeal Obamacare 'exemption' for Congress...
'Could they be more out
of touch?'
OBAMA:
Republicans 'trying to mess with me'...
'We
are not some Banana Republic'... { Au contraire … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
13
shot in mass shooting at Chicago park...
3-year-old
boy shot in face...
CA
Dem wishes death upon Ted Cruz staffer's children...
17,679
things the federal government has done since sequestration...
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....)
Submitted
by Tyler
Durden on 09/19/2013 - 09:38
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! }
PUTIN
NOMINATED FOR NOBEL PEACE PRIZE...
DOCTOR OBAMACARE, a
photo by WilliamBanzai7/Colonel
Flick on Flickr.
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....)
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 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....)
