Note:
I’m here in San Diego County in my new/old 39 foot Chevy Motorhome. I can’t get
a signal for my Verizon LG smartphone (I’ll be taking a spin in my Ford
Explorer in search of a signal; my VOIP phone, magicjack requiring a broadband connection,
is currently not up except for voicemail). The radio reception is also limited
which led me to ‘sample’ some limited AM offerings which included shallow sean
hannity the hallmark of insanity, and ‘rush revere’ [limbaugh… he’s totally
burned out (the consequence of his being ‘tired of carrying the water for the
republican party’? - his own words), relegated now to authoring children’s
illustrated books of a simplistic nature]. Shallow sean’s latest ‘crusade’
(beyond the same note/key obvious debacle of wobamacare) was defense of the
indefensible mobster but friend of sean’s, donald trump (trump should be in
jail). In defense of t_rump, he offers up the itsy-bitsy, teeny weeny wohlman
skating rink project as evidence of t_rump’s contribution to NYC (too small for
high new york priority given the magnitude of New York substantial problems,
some largely the result of trumpish tastes, ie., solid gold trump tower
fixtures, etc., that trump’s ‘pre-packaged bankrupcies’ seem to fail to touch,
and which extravagance must be paid for by someone, but not him). Shallow
sean’s excoriation of new york city never seems to link the obviousness of
t_rump’s grandstanding responsibility for same. After all, someone ultimately
has to pay for trump’s disproportionate non-value-added livin’ large. No talk
of trump’s ingratiating bribe strategy for protection ( ie., retainer’s to law
firms linked to state attorney generals, viz., {kimmelman} wolf and sampson,
chris droney’s brother, his sister’s protection/corruption and quid pro quo
from the federal bench, etc., and as well, protection of drug-money laundering
through his now nominal only casinos … See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm .
Trump’s a fraud! I won’t be listening to ‘rush revere’ or shallow sean
prospectively. They’re a waste of time and preposterous given their unbridled support
of war criminals bush, cheney, etc., and the failed debacles they created,
etc……
14
Facts About The Absolutely Crazy Internet Stock Bubble That Could Crash And
Burn In 2014 Internet companies
actually "make a profit" at some point before being considered worth
billions of dollars? A lot of investors laugh when they look back at the
foolishness of the "Dotcom bubble" of the late 1990s, but the tech
bubble that is inflating right in front of our eyes today is actually far
worse. For example, what would you say if I told you that a seven-year-old
company that has a long history of not being profitable and that actually lost
64 million dollars last quarter is worth more than 13 billion dollars?
You would probably say that I was insane, but the company that I have just
described is Twitter and Wall Street is going crazy for it right now.
Please don't get me wrong - I actually love Twitter. On my Twitter account I have sent out thousands of
"tweets". Twitter is a lot of fun, and it has had a huge impact
on the entire planet. But is it worth 13 billion dollars? Of course
not. (Read More....)
We
Are Heading For The Greatest Doctor Shortage In American History The United
States already has an emerging shortage of doctors, and thanks to Obamacare
that shortage is about to become much, much worse. Right now, the U.S.
has close to a million doctors, and about half of them are over the age of
50. Many of them are beginning to wonder if practicing medicine is worth
it anymore. In some specialties, treating Medicaid and Medicare patients
pays so little that many doctors are now turning them away. Other doctors
are charging their regular patients enormous amounts in order to make up for
the money that they are losing on Medicaid and Medicare patients. And of
course the paperwork and the red tape imposed on doctors by the health
insurance companies and the federal government gets worse with each passing
year. Some doctors actually spend more time filling out paperwork and
dealing with red tape than they do seeing patients. On top of everything
else, there is the constant and never-ending threat of being sued by predatory
lawyers and losing everything. The giant malpractice insurance premiums
that many doctors have to pay are an extreme financial burden on many
practices. When you add it all together, it really is not surprising to
learn that large numbers of doctors all over the nation are being driven into
bankruptcy. Unfortunately, Obamacare is going to make all of the
problems that I have just discussed even worse. This is going to result
in much longer waits to see a doctor, and the level of health care in this
country is going to go down substantially. (Read More.....)
Submitted
by Tyler Durden on 11/05/2013 - Well over a year ago, we
first suggested that the conventional wisdom thesis for the bounce in home
prices - namely a spurt in household formation - was dead wrong. Sure
enough, as has been confirmed empirically, the only reason for the latest dead
cat bounce in home prices has been the Fed, and banks complicit in engaging in
"foreclosure stuffing." And while it was easy to deflect the topic of
just what is driving the housing market (because none of the
bulls would want to admit it is just another credit and liquidity-driven
bubble) for over a year, with the traditional "things will be back to
normal soon" fall back used every time, as time passed and none of
the traditional ingredients for a housing recovery fell into place, some
started scratching their heads. This came to a boiling point today, when
real-estate firm Trulia, looking at the latest Census Bureau data on household
formation, finally threw in the towel and rang the panic button as not
only have young Americans set anchor in their parents' basement, but even
refuse to get a job. Submitted
by Tyler Durden on 11/05/2013 - The cruelty inherent in animal factory
farming is something that we as a species should find completely and totally
unacceptable. Indeed, evidence shows that when people are exposed to the
nightmarish conditions faced by factory animals prior to consumption they
demand change. This is precisely why corporate interests have pushed
ag-gag laws throughout the nation in an attempt to criminalize the exposure
of these methods. Submitted
by Tyler Durden on 11/05/2013 - Having described the US
as "worse than Japan in the 90s" during his last appearance,
ECRI's Lakshman Achuthan remains adamant that (despite Bloomberg TV anchors'
insistence that stocks are at all-time highs must mean something) the US has
been in recession since last year and remains so. His comments that "you
wouldn't have four years of zero-interest rate policy and quantitative easing
if everything was okay," are as cogent now as then as he
critically explains, as we
have noted here and here, that the
attention being paid to 'soft data' surveys (such as ISM) is entirely
mistaken since ISM/PMIs are now negatively correlated to actual production. The
data (hard
data doesn't lie) in hand, he notes, suggest downward revisions and well
within the range of a mild recession and "the market is disconnected." Submitted
by Tyler Durden on 11/05/2013 - The U.S. House just passed a bill called
H.R. 992 - the Swaps Regulatory Improvement Act - that was literally written by
mega-bank lobbyists. It repeals the laws passed in 2010 to prevent
another meltdown like the one that crashed our economy in 2008. The
repeal was co-sponsored by a former Goldman Sachs executive and passed with
bipartisan support from some of the House’s largest recipients of Wall Street
cash. It’s so appalling... so unbelievable... so blatantly
corrupt... that you’ve got to see it to believe it... Submitted
by Tyler Durden on 11/05/2013 - As Mike
"Hidden Secrets Of Money" Maloney has said many times before, the
economic crisis of 2008 was only a speed bump on the way to the main event.
He believes that before the end of this decade there will be an economic crisis
so historic that it will eclipse the crash of 29 and the subsequent great
depression. He also believes it is both unavoidable and inevitable,
because it is merely the free market releasing the stored up energy from
decades of economic manipulation. As Maolney notes, "the best investment
that you will ever make in your lifetime is your own financial education,"
and the following
provides a succinct reminder of the top reasons to buy gold and silver... Submitted
by Tyler Durden on 11/05/2013 - Just as the European 'markets' have entirely
disconnected from fundamental reality, Japan's bond market - the
largest in the world - "is dead, with only the BoJ driving
prices," Mizuho warns. Crucially, once again just as in Europe, "these
low yields are responsible for the lack of fiscal reform in the face of Japan’s
worsening finances. Policy makers think they can keep borrowing without
problems." Market functions are sacrificed for the sake of ending
deflation, but "liquidity has evaporated as the BOJ has gobbled up most of
the market." This means that a reduction in monetary stimulus could cause
a rapid drop in bond prices, which, just as in the US, "will make
it difficult for the BOJ to normalize policy." Simply put, as
Bloomberg notes, the BoJ has killed the nation’s sovereign bond market,
leaving it unable to reflect either the success of stimulus policies or fiscal
risks. Submitted
by Tyler Durden on 11/05/2013 - In the midst of the epic dysfunction known
as the 16-day government shutdown, we lost sight of the fundamental issue whose
inescapable logic cuts across politics and party lines: We are feeding
the rapacious appetites of our current selves (we want what we want now) at the
dire and escalating cost to our future selves (whom, we assume, will
somehow have the patience and resources to bear the burden). If that sounds unworkable
and unsustainable, it is... Submitted
by Tyler Durden on 11/05/2013 -It’s no secret by now that governments in
Europe, Japan and America have spent and borrowed beyond their means. As IceCap's Keith Dicker notes, including
both current debt and future unfunded liabilities, it is estimated America owes
over $87 trillion dollars, while the Eurozone countries are on the hook for
over $89 trillion. That’s a fistful of dollars. From a tax perspective, the
incapacity of these super economic powers, becomes all the more clear.
America’s annual tax revenue is only $2.5 trillion, while in Europe, they
manage to squeak out roughly $5 trillion. From this view, America is
leveraged 34.8x their tax revenues, while the Eurozone is leveraged at 17.8x
their tax revenue. As Keith points out in his excellent letter, for
the US, Japan, and Europe, Elvis has very much left the building on
getting back to 'normal'. Submitted
by Tyler Durden on 11/05/2013 - Just a month ago, the President and his
administration gloated as Republican
support plumbed new record low depths amid the shutdown debacle. Just last
week, however, amid the ongoing snafu that is the Obamacare launch, the President's
approval rating itself dropped to an all-time low (though the media was
oddly quiet about that). This week sees another milestone on the verge of being
broken as the "glitches" - both technological and physical -
continue, stocks surge, and employment stagnates five years after the end of
the recession... the President's disapproval rating is within 1 point
of its record high. Submitted
by Tyler Durden on 11/05/2013 - A disturbing story is starting to make waves
once again on the internet, according to Ben
Swann who notes, you can now pay for Starbucks with food stamps.
The story, which previously aired on FOX12, sees Jackie Fowler, a Salem, Oregon
food stamp recipient, went inside the luxury Starbucks franchise located inside
of a Safeway grocery store with the local Fox News station filming. She
purchased one tall Frappaccino and a slice of pumpkin loaf. Her total was
$5.25. She slid out her Oregon Trail food stamp card, paid in part by the
federal government, and handed it to the cashier who processed the transaction.
Fowler only made the purchase to assist FOX but it indicates just how deeply
the ECBT card has become embedded in US society when, as she notes, coffee's
"overpriced as it is, that's money that somebody could be eating
with." Submitted
by Tyler Durden on 11/05/2013 - Remember the main reason why the Fed should
have tapered, namely the illiquidity in the bond market it is
creating with its feverish pace of collateral extraction, and conversion of
quality collateral into 500x fwd P/E dot com dot two stocks? Here to put it all
in context is Scotiabank's Guy Haselmann: "Through its QE policy, the
Fed buys $3 of mortgages for every $1 of origination. The
consequence is that secondary mortgage market liquidity has been
decimated: it is as bad as when Bear Stearns failed." That's just
MBS for now. However, since the Fed has refused and refuses to taper, the same
liquidity collapse is coming to Treasury's first, then corporates, then ETFs,
then REITs and everything else that the Fed will eventually monetize. Just like
the BOJ. Submitted
by Tyler Durden on 11/05/2013 - Hi! I’m Amy Johnson-Martinez, the
14-year-old girl who’s saving the earth from environmental destruction. A lot of people don’t understand how the
destruction of the earth is connected to our addiction to economic growth.
Actually, a lot of people don’t even realize that we’re addicted! Personally speaking, I think it’s kind of
weird that economists don’t tell us about this. So I guess it takes a
14-year-old girl to tell you about it! Economists always say, “The economy
has to keep growing or else it will collapse.” But it can’t grow forever,
because the earth is running out of resources. Actually, it’s already starting
to happen. That’s a big reason why the economy is getting worse. Submitted
by Tyler Durden on 11/05/2013 - 3 months later and it
appears hope has reverted (once again) to its new normal reality. "Just
one more quarter," we are sure, will be the clarion call from all
asunder... Submitted
by Tyler Durden on 11/05/2013 – Submitted
by Tyler Durden on 11/05/2013 - Just over 400-years ago today, a group of 13
conspirators were caught trying to assassinate King James I of England and blow
up the House of Lords in what became known as the Gunpowder Treason. Fundamentally,
the Gunpowder Treason was about freedom. The English monarchy at the
time was controlling nearly every aspect of the economy and their subjects’
lives– from what they could wear to how they could worship.“Sumptuary laws”
which regulated private behavior were commonplace. When you think about it, the
collapse was inevitable. The Gunpowder Treason of November 5, 1605 may
have been a failure for the conspirators, but given enough time, a system so
screwed up, so unsustainable, was destined to collapse on itself. We’re not so
different in the west today. Is it wise to think that this time is
any different? Kurt Nimmo | Business of the people of VA comes in a
distant second to getting Clinton elected. Kit Daniels | Agency now has the resources to
potentially arm airport screeners. Kurt Nimmo | Democrats desperately engaged in damage
control after Obamacare revealed to be scam. Kurt Nimmo | Globalist plan is to keep the fires of
the Sunni-Shia schism burning and “keep the barbarians from coming together.” Paul Joseph Watson | Is the Department of Homeland Security
building a mercenary unit? Steve Watson | All because
suspect ‘clenched his butt’ during routine traffic stop. Kurt Nimmo | FBI notes alleged shooter’s “concerns
about a New World Order.” Paul Joseph Watson | Hit piece suggests criticism of big
government is “shadowy subculture” linked to violence. Obama’s
39% Gallup Rating Lowest Amid Health Care Fallout Bloomberg | President hasn’t been above 50% since
June. businessinsider.com | Market participants have become
increasingly interested in the policy views of current Fed vice-chair Janet
Yellen. Reuters | Over $1300 an ounce. Poll: China Will Overtake U.S. Economically in 5 to 7 Years blogs.wsj.com | By 2018 to 2020, 36% said China would be
number one, compared with 43% for the U.S. Michael Snyder | Shouldn’t Internet companies actually
“make a profit” at some point before being considered worth billions of
dollars? Kit Daniels | Agency now has more resources to arm
airport screeners. Steve Watson | All because
suspect ‘clenched his butt’ during routine traffic stop. Kurt Nimmo | FBI notes alleged shooter’s “concerns
about a New World Order.” Paul Joseph Watson | Is the Department of Homeland Security
building a mercenary unit? Politico | Friday’s slaying of a
Transportation Security Administration officer is fueling calls from union
leaders to give some of the agency’s employees guns. Brandon Walker | Under the radar
from the prying eyes of the public, South Carolina made it legal to get rid of
their homeless problem. Prison Planet.com | Is Al Qaeda
building a base on the moon? Political prankster Mark Dice talks with beach
goers in San Diego to get their reaction to the “news.” Paul Joseph Watson | Hit piece suggests criticism of big
government is “shadowy subculture” linked to violence. Steve Watson | Drudge Report,
Infowars on political blacklist. China
premier warns against loose money policies Reuters | “We want to stabilize economic
growth because we need to guarantee employment essentially.” Greek Companies Unable To Pay Taxes Explode From 182K To Over Half
A Million In One Month Zero Hedge | The US bug, whereby
the worse the economy, the higher the stock market and bond prices must have
shifted to Greece. We Are Close to The End: “The Con Job Is Up” Mac Slavo | We’ve seen decades
of manipulation in the monetary, financial and economic systems of this
country. 900,000 to lose health insurance in California as Obamacare
disaster spreads Natural News | Obama officials
admitted in 2010 that nearly one-third of Americans would lose coverage under
Obamacare. GALLUP: OBAMA FALLS TO 30S... Crowd Boos During College Football Game After Obama Name
Mentioned... Student Loan Debt Owed to Feds Up 463% Since '09... Toronto Mayor: 'Yes I smoked crack'... POLL: Obesity Rates Climb Across All Demographics... Man set on fire while sleeping on bus... Trulia
Pushes The Panic Button As Young Adults Refuse To Move Out Of Parents'
Basements, Get Jobs
This
is What Happens to Walmart Pork Before It Reaches Your Plate
Lakshman
Achuthan Confirms "The US Is 'Still' In Recession"
Guest
Post: Congress Sells Out To Wall Street, Again
Mike
Maloney's Top 10 Reasons To Buy Gold & Silver
Mizuho
Warns "To All Intents And Purposes, There Is No Japanese Bond Market
Anymore"
Mark
Spitznagel Cautions The Powers That Be:"The Reckoning Will Be
Excruciating"
IceCap
Asset Management On 'Super Taxes' And Why Elvis Has Left The Building
Obama
Disapproval Rating Nears Record High
Tired
Of Living Without Your Triple Macchiato Spiced Latte? There's Food Stamps For
That!
Because
Of The Fed "Mortgage Market Liquidity Is As Bad As When Bear Stearns
Failed"
A
14-Year-Old Girl Explains How We Can Stop The Addiction To Economic Growth
Hope(less)
Tuesday
Tragedy: "QE Will Continue Until Morale Improves"
"I" For
Inevitable
McAuliffe Wins in VA, Immediately Begins Campaigning for
Clinton
TSA Sought Firing Range for Firearms
Training Two Weeks Before LAX Shooting
DNC Boss Wasserman Schultz: Nothing
Obama Said About ACA “Was Not True”
CIA Mission in Syria Almost Complete
DHS to Hire “Top Secret” Domestic Security
Force
Police, Doctors Force Man To Undergo
Humiliating Enemas, Anal Exams And X-rays
Feds Move to Pin LAX Shooting On Patriots
ABC News Implicates Alex Jones in LAX
Shooting
14 Facts About The Absolutely Crazy Internet Stock Bubble
That Could Crash And Burn In 2014
TSA Sought Firing Range for Firearms
Training Two Weeks Before LAX Shooting
Police, Doctors Force Man To Undergo
Humiliating Enemas, Anal Exams And X-rays
Feds Move to Pin LAX Shooting On
Patriots
DHS to Hire “Top Secret” Domestic
Security Force
Arming TSA officers hits resistance on
the Hill
FEMA Camps: City to Exile the Homeless;
It’s not a Conspiracy Theory Anymore
Al Qaeda Building Base on the Moon
ABC News Implies Alex Jones
Responsible for LAX Shooting
Has Reddit Banned Almost All Alternative
Media?
LOWER THAN W...
VIDEO...