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……
Submitted by williambanzai7 on 11/25/2013
.
Bernanke
is printing out bones
His
favorite's the one for Dow Jones
Her
Keynesian schooling
Has
Old Yellen drooling
As
she licks her androgynous zones
The
Limerick King
Submitted by williambanzai7 on 11/18/2013 13:45 -0500
Submitted by williambanzai7 on 11/19/2013
“TO BIT OR NOT TO
BIT”
WilliamBanzaiShakespeare
To Bit, or not to Bit: that is the question:
Whether ’tis nobler in the mind to suffer
The slings and arrows of outrageous fiat distortions,
Or to take arms against a sea of endless bubbles,
And by opposing end them? To die: to sweep;
No more; and by a sweep to say we end
The heart-ache and the thousand Wall Street schtupps
That insolvent flesh is heir to, ’tis a con-flagellation
Devoutly to be dish’d. To die, to sweep;
To sweep: perchance to scream: ay, there’s the hubub;
For aft that sweep of bankster dregs what new reams may come?
When we have shuffled off the immoral coinage,
Must give us pause: there’s the hazard of moral neglect
That makes calamity of sound money life;
For who would bear the whips and scorns of fiat debasement ,
The oppressor’s wrong, the borrowing idiot's contumely,
The pangs of despised austerity, the law of gravity's delay,
The insolence of central banking office and the spurns
That impatient murmur of money changing snakes,
When he himself might his quietus make
With a Benjamin Bernankin? who would QE fardels bear,
To grunt and sweat under a weary life of indebtured servitude,
But that the dread of something after redemption prior to maturity,
The undiscovered monetary wasteland from whose bourn
Are no asset returns, puzzles the will
And makes us rather bear those monetary ills we have
Than fly to others that we know not much of?
Thus risk avoidance does make cowards of us all;
And thus the creative hue of fiscal revolution
Is sicklied o’er with the pale cast of doubt,
And genius enterprises of great pith and moment
With this regard alternative currencies turn awry,
And lose the name of action.–Soft you now!
And now the Bitcoin hysteria…
While Banksta pimps 'r in thy orfices
Be all our financial sins and cowardices priced in.
According
to a whistleblower that has recently come forward, Census employees have been
faking and manipulating U.S. employment numbers for years. In fact, it is
being alleged that this manipulation was a significant reason for why the
official unemployment rate dipped sharply just before the last presidential
election. What you are about to read is incredibly disturbing. The
numbers that the American people depend upon to make important decisions are
being faked. But should we be surprised by this? After all, Barack
Obama has been caught telling dozens of major
lies over the past five years. At this point it is incredible that
there are any Americans that still trust anything that comes out of his
mouth. And of course it is not just Obama that has been lying to
us. Corruption and deception are rampant throughout the entire federal
government, and this has been the case for years. Now that some light is
being shed on this, hopefully the American people will respond with
overwhelming outrage and disgust. (Read More....)
Submitted by williambanzai7 on 11/15/2013 10:28 -0500
Submitted by williambanzai7 on 11/13/2013 14:47
Here
they are. WilliamBanzai7's Special Holiday Puke Fine Art Print Editions just in
time for the Christmas Holidays…
.
.
Dear
Friends,
Here
before you is a truly historic series of images that I have painstakingly adapted
to the current state of sordidly odiferous political/financial affairs.
Years
from now, there will be little doubt over what the artist was seeing and
thinking contemporaneously in the year 2013.
I
am not going to oversell these pictures. They speak for themselves.
They
also demonstrate how history truly rhymes on Wall Street.
I
have all of these in very large high resolution files. So every print will
match the highest standards of fine art print production.
As
you can see, I have departed from normal practice by offering these prints in
an assortment of sizes. I have done this solely to maximize your
participation
by spreading price points. Bear in mind that the amount of personal time and
effort involved is the same irrespective of print size.
Each
print will be signed, numbered and dated December 25, 2013.
I
know that many of you are suffering various levels of economic hardship in
these trying times. As is always the case, you are free to print these off for
your own personal use.
I
truly appreciate all the the moral and financial support that I receive from
all of you.
As
you know, the primary reason that I am doing these prints is to signify my
gratitude in return for your generous support for my endeavors.
It
is my sincerest wish that the situation will turn sooner than later so
that each and everyone of us can return to personal prosperity.
Best
wishes to you all,
And
Fuck You Ben Bernanke!
WB7
Submitted by williambanzai7 on
11/12/2013
How many lies can one president
tell and still retain any credibility? What you are about to see is
absolutely astounding. It is a long list of important promises that
Barack Obama has broken since he has been president. If he had only told
a few lies, perhaps the American people would be willing to overlook that.
After all, pretty much all of our politicians our liars. Unfortunately,
many of the lies that Obama has told appear to have been quite cold-hearted in
nature. For example, Barack Obama repeatedly made the promise that “you
will be able to keep your health care plan” under Obamacare. But now
we are learning that he knew that this was a lie all along. Not only
that, the Democrats in Congress knew that this was a lie all along too.
In fact, U.S. Senator Kirsten Gillibrand, a Democrat, said
the following when she was asked about Obama’s promise to the American
people recently: “He should’ve just been specific. No, we all knew.” You
can see video of her making this statement right
here. The truth is that they all knew that millions upon millions of
Americans would lose their current health care policies under Obamacare.
They deliberately lied just so that they could get the law passed.
And of course this is far from
the only major lie that Obama has told in recent years. The following is
a list of 23 famous Obama quotes that turned out to be broken promises or
cold-hearted lies…
#1 “If you like your doctor, you will be able
to keep your doctor. Period. If you like your health care plan, you will be
able to keep your health care plan. Period. No one will take it away. No matter
what.”
#2 “My administration is committed to creating
an unprecedented level of openness in government.”
#3 “We agree on reforms that will finally
reduce the costs of health care. Families will save on their premiums…”
#4 “I don’t want to pit Red America against
Blue America. I want to be the president
of the United States
of America.”
#5 “We’ve got shovel-ready projects
all across the country that governors and mayors are pleading to fund. And
the minute we can get those investments to the state level, jobs are going to
be created.”
#6 “And we will pursue the housing plan I’m
outlining today. And through this plan, we will help between 7 and 9 million
families restructure or refinance their mortgages so they can afford—avoid
foreclosure.”
#7 “I will sign a universal health-care bill
into law by the end of my first term as president that will cover every
American and cut the cost of a typical family’s premium by up to $2,500 a
year.”
#8 “We reject the use of national security
letters to spy on citizens who are not suspected of a crime.”
#9 “For people with insurance, the only impact
of the health-care law is that their insurance is stronger, better, and more
secure than it was before. Full stop. That’s it. They don’t have to worry about
anything else.”
#10 “We will close the detention camp in
Guantanamo Bay, the location of so many of the worst constitutional abuses in
recent years.”
#11 “Allow Americans to buy their medicines
from other developed countries if the drugs are safe and prices are lower
outside the U.S.”
#12 “We will revisit the Patriot Act and
overturn unconstitutional executive decisions issued during the past eight years.”
#13 “Will ensure that federal contracts over
$25,000 are competitively bid.”
#14 “We reject sweeping claims of ‘inherent’
presidential power.”
#15 “Will eliminate all income taxation of
seniors making less than $50,000 per year. This will eliminate taxes for 7
million seniors — saving them an average of $1,400 a year– and will also mean
that 27 million seniors will not need to file an income tax return at all.”
#16 “We support constitutional protections and
judicial oversight on any surveillance program involving Americans.”
#17 “If we have not gotten our troops out by the
time I am president, it is the first thing I will do. I will get our
troops home, we will end this war. You can take that to the bank.”
#18 “Will not sign any non-emergency bill
without giving the American public an opportunity to review and comment on the
White House website for five days.”
#19 “The President does not have power under
the Constitution to unilaterally authorize a military attack in a situation
that does not involve stopping an actual or imminent threat to the nation.”
#20 “We have a choice in this country. We can
accept a politics that breeds division and conflict and cynicism…. That is one
option. Or, at this moment, in this election, we can come together and say,
‘Not this time….’”
#21 “We’ve got to spend some money now to pull
us out of this recession. But as soon as we’re out of this
recession, we’ve got to get serious about starting to live within our
means, instead of leaving debt for our children and our grandchildren and our
great-grandchildren.”
#22 “[T]oday I’m pledging to cut the deficit we
inherited in half by the end of my first term in office. This will not be easy.
It will require us to make difficult decisions and face challenges we’ve long
neglected. But I refuse to leave our children with a debt that they cannot
repay – and that means taking responsibility right now, in this administration,
for getting our spending under control.”
#23 “I, Barack Hussein Obama, do solemnly swear
that I will execute the office of president of the United States faithfully,
and will to the best of my ability, preserve, protect, and defend the
constitution of the United States.”
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.
Since
when can a president change a law all by himself? By unilaterally
declaring that certain provisions of Obamacare will not be enforced, Barack
Obama is making a mockery of the U.S. Constitution. For those that have
not read it, the U.S. Constitution says that the president “shall
take Care that the Laws be faithfully executed“. So when Obama
declares that he will not enforce certain provisions of Obamacare for a year,
he is directly violating the Constitution. And as Stanford Law School
Professor Michael McConnell wrote back in July, the Office of Legal Counsel
for the Justice Department “has always insisted that the president has no
authority, as one such memo put it in 1990, to ‘refuse to enforce a statute he
opposes for policy reasons.’” This is an open and shut case. If the
U.S. Congress still had a shred of respect for the Constitution, they would
immediately demand that Obama enforce the law as written. If Obama
refused, they should immediately impeach him. We are a country that is
run by the rule of law, and just because Obama’s new law completely screws up
one-sixth of the economy does not mean that he can unilaterally change
it. In our system, Congress makes the laws and the president enforces
them. If we allow any president to unilaterally change laws whenever he
does not like them, then that puts us dangerously close to having a dictator in
the White House. (Read More.....)
Submitted
by williambanzai7
on 11/20/2013
The
Law demands that we atone
When we take things that
we don't own;
But leaves the lords and
ladies fine
Who take things that are
yours and mine...
Anonymous, circa 1764
.
.
The
dice of this moron are loaded
All
trust in our system's eroded
But
still he plays on
A
Kleptocrat Con
He'll
play till the world has exploded
The
Limerick King
.
.
.
.
.
.
Commemorating
100 Years of Central Bankster Schtupping
[I
am just too stupid to figure out why this picture won't center. It's not that I
haven't spent 15 minutes staring at the damned HTML code]
WB7
We
Americans are basically a very simple people.
Our
formula for past successes has essentially been distilled as follows: maintain
a "can-do" attitude, believe in the "American way", honest
hard work will be rewarded, abundant opportunity and upward mobility for all.
Those
who play the prosperity game correctly may look forward to retirement in
a spleniferous life of leisure and Obamacare.
Once
upon a time, this is is what American Thanksgiving was supposed to look like...
Most
Americans desperately cling to the foolish Ponzi pipe dream of a notion that
this Thanksgiving dream is still possible.
And
for some PhD morons who evidently borrow subprime QE money to purchase shitty
American vehicles made principally of plastic components sourced in Shenzen,
the dream has been fullfilled.
Unfortunately,
for reasons far to numerous to enumerate in this post, this is all just a Ponzi
Pilgrim's delusion.
There
is one big kahuna of a fucking reason so very plainly obvious.
When
it comes to ridding our fucking system of finance, the "fucking
system" if you will, of all the learned fucking thieves sitting the top of
the fucking Ponzi pyramid, we are hopelessly screwed up each and every one of
our Holland and Lincoln Tunnels.
The
same cheap fucking QE paper that buys those shitty vehicles will also pay the
much ballyhooed $13 Billion JPM shyster fine. Half of JPM's profits in 2013.
Gobble
fucking Goebbels.
I
won't insult anyone's fringe low brow intelligence by asking who has been
convicted.
In
any event, such a scenario is far to fetched to even consider.
Instead
I will pose the following question:
The
biggest most egregious case of financial fraud and chicanery by a US banking
institution measured by the fiat of the fine.
The
biggest fine ever!
"Hoooly
Cow!"--Phil Rizutto
Have
the regulators who are in charge of the whole JP Clusterfuck (you know the ones
who keep getting reappointed, promoted or hired by private equity firms)
applied their very substantial leverage to force the Shyster in Chief of JP
Cesspool to cede his shysterly position by resigning?
Is
this something that could have happened? Of course it is.
Don't
believe me?
Go
and ask our distinguished colleague Bill Black, Esq what he thinks.
Does
the fact that the same schlemiel will remain in charge of the old JP Cesspit
send the rest of us a message?
You
better believe it does...
Whatcha
are you gonna do sisters and brothers?
Sadly,
for most of the rest of America it all boils down to this...
Goebbel,
Goebbel, Goebbel!
Atheist 'mega-churches' take root across US, world { They are intellectually dishonest,
disingenuous, and most importantly, absolutely wrong. Quite simply, atheists
are pathetic! }
Knox's knife DNA casts doubt on murder weapon
{ I’ve had occasion to read the well-written book ‘Murder
in Italy’ by award-winning italian-american author, Candace Dempsey, which
documents the horrific travesty called ‘italian justice’ (actually blatant
injustice) torturously imposed upon Amanda Knox et als (rudy guede excepted).
So outrageous but typical of these typical italians ( like packs of the rabid
dogs they are pre-disposed to be). (Parenthetically, my grandparents, both of
whom I loved and respected – Elsie/Nanny, Bari, Italy and Martin/Mario/PopPop
(Peia), Lake Como, Italy – were not typical as such; but rather, thoroughly
modern in all respects relative to time and extremely civilized in a manner to
be emulated … although, truth be told, I found italians with mob/mafia
links/connections/sympathies to be like those rabid perugians/italians who
outrageously pilloried Amanda Knox, See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm ) }
Submitted by williambanzai7 on 11/16/2013 22:04 -0500
.
You may find what is happening at
one Wal-Mart in Ohio very hard to believe. At the Wal-mart on Atlantic
Boulevard in Canton, Ohio employees are being asked to donate food items so
that other employees that cannot afford to buy Thanksgiving dinner will be able
to enjoy one too. You can see a photo of the donation bins that has been
posted on Twitter right
here. On the one hand, it is commendable that someone at that Wal-Mart
is deeply concerned about the employees that are so poor that they cannot
afford to buy the food that they need for Thanksgiving. On the other
hand, this is a perfect example that shows how the quality of the jobs in this
country has gone down the toilet. Wal-Mart is the largest employer in the
United States and it had operating income of 26.5
billion dollars last year. Wal-Mart is not required to pay their employees
a decent wage, and it is very unlikely that anyone will force them to.
But they should. Because Wal-Mart does not pay decent
wages to their employees, the rest of us end up with the bill. As you
will see below, huge numbers of Wal-Mart employees end up on Medicaid and other
government assistance programs. Meanwhile, those that control Wal-Mart
continue to enjoy absolutely massive profits. (Read More....)
If there were any shreds of hope
left that the stunning decline of the middle class could be turned around,
Obamacare has absolutely destroyed them. Over the past decade or so, the
middle class in the United States has been absolutely eviscerated. The number of
working age Americans without a job has increased by 27 million since the year 2000, median household
income in the U.S. has fallen for five years in a row, and the poverty
numbers in this country are spiraling out of control. And now
here comes Obamacare. As you will see below, Obamacare is causing
millions of Americans to lose their current health insurance policies, it is
causing health insurance premiums to explode to absolutely ridiculous levels,
and it is systematically killing jobs even though the employer mandate has been
delayed for a while. All of this is creating a tremendous amount of
stress for millions of middle class families that are already stretched
extremely thin financially. According to CNN, a survey that was conducted earlier this year found that 76
percent of all Americans are living paycheck to paycheck. Most of those
families simply cannot afford to pay much higher health insurance premiums for
new policies that also come with much larger deductibles and significantly
increased out-of-pocket costs. Millions of those families will ultimately
end up choosing to do without health insurance altogether, and that will create
a whole host of new problems. This is a disaster that is so enormous that
it is really hard to put into words. If the U.S. health care system was a
separate country, it would be the 6th largest economy on the entire globe all
by itself. And now Obamacare is going to bring the entire U.S. health
care system to its knees. (Read More....)
The
Federal Reserve is creating hundreds of billions of dollars out of thin air and
using that money to buy U.S. government debt and mortgage-backed securities and
take them out of circulation. Since the middle of 2008, these purchases
have caused the Fed's balance sheet to balloon from under a trillion dollars to
nearly four trillion dollars. This represents the greatest central bank
intervention in the history of the planet, and Janet Yellen says that she does
not anticipate that it will end any time soon because "the recovery is
still fragile". Of course, as I showed the other day, the truth is
that quantitative easing has done essentially nothing for the average person on
the street. But what QE has done is that it has sent stocks soaring to
record highs. Unfortunately, this stock market bubble is completely and
totally divorced from economic reality, and when the easy money is taken away
the bubble will collapse. Just look at what happened a few months ago
when Ben Bernanke suggested that the Fed may begin to "taper" the amount
of quantitative easing that it was doing. The mere suggestion that the
flow of easy money would start to slow down a little bit was enough to send the
market into deep convulsions. This is why the Federal Reserve cannot stop
monetizing debt. The moment the Fed stops, it could throw our financial
markets into a crisis even worse than what we saw back in 2008. (Read More....)
Americans
Are Disgusted By BOTH Republicans and Democrats Posted by : George Washington Post date: 10/11/2013 - 60% of Americans Want a Third Party Candidate
for 2016 { Make that a ‘Second
Party Candidate’ since there seems to be a morphed one party which could be aptly
called the repdemolicansocrats which has supported failure, obama’s failure,
ultimately at every turn, though contraindicated, favoring that 1% with their
‘non-plan plan’ which has somewhat obfuscated wobama’s unequivocal failure in
terms of selling the sizzle ( like Zimbabwee, soaring inflation/asset
bubbles/paper share prices, etc.) … Bob Woodward did not mince words in
positing blame with wobama … Yet, the
incompetence/corruption is pervasive which is my direct observation and
experience … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
China
just dropped an absolute bombshell, but it was almost entirely ignored by the
mainstream media in the United States. The central bank of China has
decided that it is "no longer in China’s favor to accumulate
foreign-exchange reserves". During the third quarter of 2013,
China's foreign-exchange reserves were valued at approximately $3.66 trillion. And of course the
biggest chunk of that was made up of U.S. dollars. For years, China has
been accumulating dollars and working hard to keep the value of the dollar up
and the value of the yuan down. One of the goals has been to make Chinese
products less expensive in the international marketplace. But now China
has announced that the time has come for it to stop stockpiling U.S.
dollars. And if that does indeed turn out to be the case, than many U.S.
analysts are suggesting that China could also soon stop buying any more U.S.
debt. Needless to say, all of this would be very bad for the United
States. (Read More....)
Can
the U.S. government afford to pay for the health care of 38 million more
people? As you will see below, Obamacare is going to be the biggest
expansion of the welfare state in U.S. history. It is being projected
that a decade from now 17 million Americans will be receiving Obamacare
subsidies and an additional 21 million Americans will have been added to the
Medicaid rolls. At a time when we are already running trillion dollar
deficits, is this really something that the government should be taking
on? In addition, it is being projected that bringing millions upon
millions of new people into the Medicaid program will also cause enrollment in
many other federal welfare programs such as food stamps to surge. Right
now, the percentage of Americans that are financially dependent on the U.S.
government is already at an all-time high, and Obamacare is going to cause the
level of government dependence to go much, much higher. But how much
weight can the “safety net” actually carry before it breaks entirely? (Read More.....)
The
more Americans learn about Obamacare, the less they like it. They were
promised that under Obamacare they would be able to keep their current health insurance
plans, that health insurance premiums would be lower, and that millions more
Americans would be able to get coverage. But none of those promises are
turning out to be true. Right now, millions of Americans are receiving
cancellation notices from their health insurance companies – including many
Americans that are in a life or death battle with cancer. By the end of
next year, it is being projected that up
to 100 million more Americans could have their health insurance policies
canceled. Meanwhile, large numbers of Americans are discovering that
their “new plans” are going to cost them two, three, four or even five times as
much as their old plans cost them. You are about to see some shocking
examples of this. And now that the reality of Obamacare is really
starting to sink in for the American people, the popularity of the law is
starting to drop like a rock. According to a brand new
CBS News poll that was just released, only 31 percent of all Americans
still approve of Obamacare while an astounding 61 percent of all Americans now
disapprove of it. Perhaps if we get that number to 70 or 80 percent, the
politicians in Washington D.C. will cave in and we can get this law
repealed. So please share this article with as many people as you
possibly can. The following are 10 Obamacare horror stories that are almost
too crazy to believe… (Read More.....)
Edie Littlefield Sundby: “My grievance is not political; all my
energies are directed to enjoying life and staying alive, and I have no time
for politics. For almost seven years I have fought and survived stage-4 gallbladder
cancer, with a five-year survival rate of less than 2% after diagnosis. I am a
determined fighter and extremely lucky. But this luck may have just run out: My
affordable, lifesaving medical insurance policy has been canceled effective
Dec. 31.
My choice is to get coverage
through the government health exchange and lose access to my cancer doctors, or
pay much more for insurance outside the exchange (the quotes average 40% to 50%
more) for the privilege of starting over with an unfamiliar insurance company
and impaired benefits.”
Patricia in North Carolina:”I am a 62 year old woman who has an
individual policy with BCBS of North Carolina. My premiums are $249.50
per month. I bought the policy when I retired and moved to NC to be
closer to my aging parents. The policy is a high deductible one with a
$2700 deductible, $5000 out of pocket maximum. BCBS has told me my plan
is no longer offered due to Obamacare and that my new plan will cost $600.55
per month and has a required an out of pocket maximum of $6350.”
Jacqueline Proctor: Take, for example, Jacqueline Proctor of
San Francisco. She and her husband are in their early 60s. They have been
paying $7,200 a year for a bare-bones Kaiser Permanente health plan with a
$5,000 per person annual deductible. “Kaiser told us the plan does not comply
with Obamacare and the substitute will cost more than twice as much,” about
$15,000 per year, she says.
This new plan, Kaiser’s cheapest
offering for 2014, would consume about 25 percent of their after-tax income.
The new plan still has a $5,000 deductible but provides coverage for things her
current policy does not, such as maternity care, healthy child visits and
coverage for dependents up to age 26. Proctor has no use for such coverage,
since her son is 30.
Gloria Cantor: Gloria Cantor of Florida has cancer — five
brain tumors and tumors in her bones — but she won’t have the health insurance
she has relied on for her treatment for much longer.
Mrs. Cantor and her husband, Jay,
told WFTV in Orlando that their insurance is being dropped in order to comply
with Obamacare regulations.
“The Cantors received [a] letter
in the mail [that] explains Gloria’s health insurance will end next summer due
to the Affordable Care Act,” reporter Lori Brown says. “But after promises by
President Obama … the Cantors now feel betrayed. After the insurance company
drops them, it will offer them a different plan that it admits will be more
expensive. The Cantors are especially worried because their doctors cannot
assure them that [the MD Anderson Cancer Center] will still accept the new
plan.”
A Zero Hedge Reader: My company, based in California, employs
600. We used to insure about 250 of our employees. The rest opted out. The
company paid 50% of their premiums for about $750,000/yr.
Under obamacare, none can opt
out without penalty, and the rates are double or triple, depending upon the
plan. Our 750k for 250 employees is going to $2 million per year for 600
employees.
By mandate, we have to pay 91.5%
of the premium or more up from the 50% we used to pay.
Our employees share of the
premium goes from $7/week for the cheapest plan to $30/week. 95% of my
employees were on that plan. Remember, we used to pay 50% now we pay
91.5% and the premiums still go up that much!!
The cheapest plan now has
a deductible of $6350! Before it was $150. Employees making $9 to $10/hr, have
to pay $30/wk and have a $6350 deductible!!! What!!!!
They can’t afford that to be
sure. Obamacare will kill their propensity to seek medical care. More money for
less care? How does that help them?
Ashley Dionne: I graduated from The University of
Michigan in 2009. In my state, this used to mean something, but even with a
bachelor’s I was told I was too educated and wouldn’t stay. I watched as kids
with GEDs and high school diploma’s took the low-paying jobs for which I
applied.
I went back to school and got a
second degree and finally found work at a gym. I work nights and only get 32
hours a week for eight dollars an hour. I’m unable to find a second job at this
time.
I have asthma, ulcers, and mild
cerebral palsy. Obamacare takes my monthly rate from $75 a month for full
coverage on my “Young Adult Plan,” to $319 a month. After $6,000 in deductibles,
of course.
Liberals claimed this law would
help the poor. I am the poor, the working poor, and I can’t afford to support
myself, let alone older generations and people not willing to work at
all.
This law has raped my future.
It will keep me and kids my age
from having a future at all.
This is the real face of
Obamacare and it isn’t pretty.
George Schwab: George Schwab, 62, of North Carolina, said
he was “perfectly happy” with his plan from Blue Cross Blue Shield, which also
insured his wife for a $228 monthly premium. But this past September, he was
surprised to receive a letter saying his policy was no longer available. The
“comparable” plan the insurance company offered him carried a $1,208 monthly
premium and a $5,500 deductible.
A Middle Class Texas Family: Obamacare is named the “Affordable Care
Act,” after all, and the President promised the rates would be “as low as a
phone bill.” But I just received a confirmed letter from a friend in Texas
showing a 539% rate increase on an existing policy that’s been in good standing
for years.
As the letter reveals (see
below), the cost for this couple’s policy under Humana is increasing from
$212.10 per month to $1,356.60 per month. This is for a couple in good health
whose combined income is less than $70K — a middle-class family, in other
words.
Michael Cerpok: “I’ve worked hard because I’ve had to, and
I’ve had to, because cancer runs in my family,” says Cerpok, who picked his
current health insurance based on that family history. His monthly premium is
just about half of his monthly take-home pay.
Back in 2006, he found out he
had an incurable form of leukemia that requires ongoing treatment until he
dies.
In 2012, his treatment bill was
more than $350,000. But because of his insurance, his out-of-pocket was only
$4,500.
That’s about to change because
Michael just got a letter from his insurance carrier saying as of January 1, he
would be dropped from coverage because of new regulations under Obamacare.
Bill
Elliot:
Fox News host Megyn Kelly shared a heart rendering story Thursday night of a South
Carolina man with cancer who is being forced to make what he sees as a life or
death decision after his health insurance plan was cancelled because of
Obamacare.
Bill Elliot, who voted for
President Obama, contacted “The Kelly File” via Facebook and said he can no
longer afford to pay his medical bills and does not want to take on the new
costs because he does not want to put a “burden” on his family, according to
Fox News.
Saying he feels “misled,”
Elliott told Kelly his new insurance will cost him $1,500 per month with a
$13,000 deductible, adding that he will opt to pay the minimal fine for not
having health insurance and “will just let nature take its course.”
—–
So what do you think about
Obamacare? Please feel free to share your thoughts by posting a comment
below…
So much of what we have been
taught about ancient history is simply not true. According to Mexico’s
National Institute of Anthropology and History, a team of archaeologists
working close to the Mexican village of Onavas has made an amazing
discovery. They reportedly found 13 ancient human specimens that had
grossly elongated skulls. You can find original photographs of this discovery
right here, but the descriptions of the
photos are in Spanish. The Mexican scientists are telling us that these
skulls are approximately 1,000 years old, and that no skulls of this nature
have ever been found in this region of Mexico before. So exactly what is
going on here? Are these elongated skulls simply the product of an ancient
technique known as “cradle-boarding”, or is there another explanation?
Could these actually be Nephilim skulls that prove that an ancient race of
hybrids once roamed the planet? You might want to hold on to your hat –
because the (Read More....)
Submitted by williambanzai7 on 11/22/2013 10:01 -0500
TIN
CAT
Can
the U.S. government afford to pay for the health care of 38 million more
people? As you will see below, Obamacare is going to be the biggest
expansion of the welfare state in U.S. history. It is being projected
that a decade from now 17 million Americans will be receiving Obamacare
subsidies and an additional 21 million Americans will have been added to the
Medicaid rolls. At a time when we are already running trillion dollar
deficits, is this really something that the government should be taking
on? In addition, it is being projected that bringing millions upon
millions of new people into the Medicaid program will also cause enrollment in
many other federal welfare programs such as food stamps to surge. Right
now, the percentage of Americans that are financially dependent on the U.S.
government is already at an all-time high, and Obamacare is going to cause the
level of government dependence to go much, much higher. But how much
weight can the “safety net” actually carry before it breaks entirely? (Read More.....)
Oprah
Winfrey: Obama is victim of racism; racists ‘just have to die’ (453 comments) { Former
Secret Service Agent: Holder Justice Dept 'Travesty'... The race card? Again? That dog don’t hunt
nomore! … Mayor
Throws Racial Tirade After Drunk Driving Arrest; 'You F*****g Crackers'... Who are the racists? … UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore
cases that involve black defendants and white victims’ POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'...Typical n*****s!
Come on! People are tired of making making up excuses for the blacks. It’s
always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white
people'... [ Typical n*****s! Good thing there are food
stamps; otherwise they’d be reverting to their inherent proclivity for
canabalism (send them back to africa … even give them a lump sum for an
irrevocable repatriation incentive … a huge cost-saving beyond the first year
with substantial salutary effects for the nation, the economy, and the
remaining civilized non-blacks). The other major crimes they do anyway. It’s
their nature. You’ll never change the nigger … they evolved only to ‘a point’
and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Black Serial/Mass/Spree Killer List:
1. Matthew Emanuel Macon
(Murdered and Raped 5 White Women in Lansing)
2. Jimmie Reed
(Murdered his wife and his 2 month old daughter and set them on fire)
3. Shelly Brooks
(Murdered 7 prostitutes in Detroit Cass Corridor)
4. Justin Blackshere (Stabbed two white cooks
at Cheli’s Chili downtown Detroit)
5. Jervon Miguel Coleman
(Murdered three people.)
6. Donell Ramon Johnson
(Murdered a mother and a daughter)
7. Brian Ranard Davis
(6 women known murdered by nigger)
8. Paul Durousseau
(Seven women)
9. Mark Goudeau “The Baseline Killer” (Eight
women and a man in 2005-2006)
10. Coral Eugene Watts
(11 women in Texas & 1 in Michigan)
11. Anthony McKnight
(Five girls and young women)
12. Derrick Todd Lee (8
Women)
13. Charles Lendelle Carter
(4 known murders; admits to ‘hunting’ Atlantans for 15 years!)
14. The Zebra Killings
(71 White people)
15. Chester Turner
(L.A.s most prolific killer 12 women killed.)
16. Lorenzo J. Gilyard
(Kansas City, MO.—13 victims)
17. Eugene Victor Britt
(Gary, IN.–3 known murder/rapes.)
18. Reginald and Jonathan Carr
(The Wichita Massacre–6 Whites murdered)
19. Ray Joseph Dandridge and his
uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7 days,
including an entire White family.)
20. The Tinley Park Murderer
(Suspect hasn’t been found but has been described as black – murdered 5 women
in a store.)
21. Henry Louis Wallace
(Raped and strangled 5 women to death.)
22. Charles Johnston
(Murdered 3 unarmed white men in hospital)
23. Craig Price (Brutally murdered 3 women)
24. Harrison Graham
(Brually Murdered 3 women)
25. Charles Lee “Cookie” Thornton
(Murdered 6 Whites at the Kirkwood, MO. city council. )
26. & 27. Darnell Hartsfeld & Romeo
Pinkerton (Abducted and Murdered 5 from a restaurant)
28 &29. John Allen Muhammad & Lee Boyd Malvo (Sniped 11 people from a
car in DC, 9 died.)
30. George Russell (3 women, WA state)
31. Timothy W. Spencer (5 killed, Arlington, VA and Richmond, VA)
32. Elton M. Jackson (12 gay men killed, Norfolk, VA area)
33. Carlton Gary (3 killed in Columbus, GA)
34. Mohammed Adam Omar (16 women, Yemen. Omar is Sudanese.)
35. Kendall Francois (8 women, Poughkeepsie, NY and surrounding areas.)
36. Terry A. Blair (8 women, Kansas City area)
37. Wayne Williams (33 many of them children!, Atlanta, GA)
38. Vaughn Greenwood (11 killed in LA)
39. Andre Crawford (10 killed in Chicago – southside)
40. Calvin Jackson (9 killed possibley more in NY)
41. Gregory Klepper (killed 8, Chicago – southside)
42. Alton Coleman (Killed 8 in the Midwest)
43. Harrison Graham (killed 7+ in N. Philadelphia)
44. Cleophus Prince (6 killed in, San Diego
45. Robert Rozier (7 killed in, Miami)
46. Maurice Byrd (killed 20 + in St. Louis)
47. Maury Travis (17 and rising, St. Louis and possibly also Atlanta)
48. Hulon Mitchell, a.k.a. Yahweh Ben Yahweh (killed 20+ in Florida)
49. Lorenzo Fayne (killed 5 children in East St. Louis, IL)
50. Paul Durousseau, (killed 6, two of which were pregnant women, Jacksonville,
FL; Georgia.)
51. Eddie Lee Mosley (killed 25 to 30 women, south Florida)
52. Henry Lee Jones (killed 4 in, south Florida; Bartlett, TN)
53. Richard “Babyface” Jameswhite (15 killed in, New York; Georgia.)
54. Donald E. Younge, Jr. (killed 4), East St. Louis, IL; Salt Lake City, UT.
55. Ivan Hill (killed 6
in Los Angeles area).
56. Michael Vernon (Bronx, NY. Killed at least seven people – )
57. Chester Dewayne Turner (12 women killed in, Los Angeles)
ARREST MADE IN LOS ANGELES GRIM SLEEPER SERIAL KILLER CASE July
07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME |By
Mallory Simon, CNN ‘Authorities in California said Wednesday they have arrested
a suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’
Of Course There Are Black
Serial Killers by Lynette Holloway on July 15, 2010 The case of the "Grim
Sleeper" inspires a second look at the popular perception that serial killing
is the province of clever white men.
Serial Murderers' Row
July 16, 2010 The following black men are
among the most prolific serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth
that only white men commit such crimes.
Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html
200 Involved In Fights At Mall Of America After
Rumors That Rappers Are There...
Miami Heat Players Don Hoodies...
'Dead or Alive' Poster Issued by New Black Panther Party...
[ ‘Minority Report’ Division of Pre-Crime, Pre-Cogs say, ‘Dead or Alive – all
niggers’ … whatever the outcome in the investigative process, the stark reality
is that at least, unlike the niggers committing many more ‘black on white’
violent crimes, Zimmerman (and this is
no endorsement – I won’t be looking at this one incident all that closely) was
at least trying to do a good thing made necessary by the ever increasing number
of brutal crimes committed by the black thugs in neighborhoods across the
nation; then there’s somalian pirates, etc.. People domestically and
internationally are suffering from nigger-fatigue and are totally niggered out.
Oh, yeah, there are some Hollywood types who feel good about themselves having
niggers around and helping niggers to help them feel better than they really
are, insecure as they are, by being better than at least someone beyond
fantasy. Loony george clooney is one. Dreadfully boring and with that monotone,
monotonous voice and not that bright, he’s not even able to fake it on screen
as an action hero (ie., batman, what a horrific miscast) wimpy pussy in reality
that he is; then there’s the ‘black (sean) penn’ who cried like a baby while
incarcerated for a couple of days not that long ago. The atheist jolie, so fatherly
troubled as she is, has let the equally mentally troubled pitt (she so nutty
she makes him feel somewhat sane though still not too bright) and pendulum
‘backwoods bob’ be the closest she’s gotten to her black projects. Let them
live anonomously (in disguise) with the niggers for some time for a real close
look and then see what’s left of their predisposed love for the nigger. Then
there’s the italian scallion, booby deniro; drug addled as his black wife
high-tower, what a total embarrassment to Italians everywhere; even as he tried
to ingratiate himself recently with niggers everywhere and particularly
national embarrassment mammy michele with the embarrassing pro-nigger first
lady remark.. [ Send the niggers back
to sub-saharan Africa! ]
'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE
IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] '
[ Hold on one cotton-pickin’ minute jesse, that’s not what the facts say Obama: ‘If I
had a son, he’d look like Trayvon.’ [ Yeah! He’d look just like any
other nigger. And, don’t worry about the black vote, failed president wobama
the b for b***s*** will get nearly if not all, 100% of the nigger vote!
Drudgereport: Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of blacks that would have to be retaliated against based
upon the hushed reality of the prevalence of black on white crime? The blacks
should be careful what they wish for in playing that game because the facts
don’t break in their favor. ] ...
People
have become weary of making up excuses for blacks (like obama, holder, etc.).
At some point, as now, people should not be timid about relating the cold,
unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..
From
Pat Buchanan: As for racism, its ugliest manifestation is in
interracial crime, and especially interracial crimes of violence. Is Barack
Obama aware that while white criminals choose black victims 3 percent of the
time, black criminals choose white victims 45 percent of the time? Is Barack
aware that black-on-white rapes are 100 times more common than the reverse,
that black-on-white robberies were 139 times as common in the first three years
of this decade as the reverse? We have all heard ad nauseam from the Rev. Al
about Tawana Brawley, the Duke rape case and Jena. And all turned out to be
hoaxes. But about the epidemic of black assaults on whites that are real, we
hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The
reality is that blacks are an insoluble problem wherever they are. That’s not
going to ever change; not make-shift/make-work jobs; not programs; not anything
tried or to be tried; hence, they must be treated as exactly that – problems –
before a solution can be derived and fashioned. ] [ Send the niggers, including
niggerbama back to sub-saharan africa! ]
}
There
is a hot new game being played in cities all over America, and it is very
simple. You pick out a defenseless person on the street and you try to
knock them out. In most areas, it is known as “the knockout game”.
In some communities it is called by other names such as “point-em-out,
knock-em-out” and “polar bear hunting”. In many instances, the
perpetrators don’t even try to steal anything from the people that they knock
out. The goal is just to “have fun” by brutally attacking an innocent victim.
Well, if this is what young thugs in America will do for fun when times are
still good, what will they be willing to do when our economy really starts
falling apart? Yes, the U.S. economy has
definitely been steadily declining, but the truth is that what we are
experiencing right now is rip-roaring prosperity compared to what is coming in
the years ahead. So what will the streets of America look like when
things get really bad? (Read More.....)
Are you deeply concerned about the
future of America? Is something in your gut telling you that our system
is fundamentally broken and that the mainstream media is not telling you the
truth about what is happening? If so, you are definitely not alone.
Right now, there are millions upon millions of Americans that are absolutely
horrified as they watch this nation deteriorate. In fact, according to an
analysis of recent polling data conducted by Real Clear Politics,
approximately 68 percent of all Americans believe that the country is on the
wrong track and only 23.5 percent of all Americans believe that the country is
on the right track. And of course our problems did not appear just
recently. In fact, many of them are the result of decades of very foolish
decisions and they are not going to be fixed easily. Unfortunately, there
is very little consensus among Americans about how to fix any of our
problems. There is more anger, frustration, hatred and division in the
United States today than there has been in decades, and there is very little
hope that the great storms that are looming on the horizon will be
averted. Those that are wise are preparing for what is coming.
Those that are not are going to be absolutely blindsided by what is rapidly
approaching. (Read More....)
Another
Public Service Announcement ...
The
video covers the race to debase and the manipulation of precious metal prices:
"They can mess around with the price all they want, ultimately the price
of everything in the long term will be...
Submitted
by Tyler
Durden on 11/25/2013 - 21:42 "London
Gold Market Fixing Ltd., a company controlled by the five banks that
administers the benchmark, has no permanent employees. A call from
Bloomberg News was referred to Douglas Beadle, 68, a former Rothschild banker,
who acts as a consultant to the company from his home in Caterham, a small
commuter town 45 minutes south of London by train. Beadle declined to comment
on the benchmark-setting process." Submitted
by Tyler
Durden on 11/25/2013 - 22:55 It’s interesting, disturbing and pathetic
that this article emerged so shortly after we highlighted the fact that there
is about to be a huge, and potentially disruptive reset
in home equity loans over the next several years. So while we are
still dealing with the ramifications of the prior housing bubble and the HELOCs
associated with that debacle, we are right back at it. Extracting additional
equity from another phony housing bubble to remodel homes that likely aren’t
worth anywhere near what people think once private equity and money laundering
oligarchs are done with their binge buying. As we have said many times before, QE
makes a society lose its mind. Submitted
by Tyler
Durden on 11/25/2013 - 22:19 We
are sure it was all planned a long time ago but the irony is not lost on us. A
day after the US pisses the Israelis off with a sorta kinda deal with Iran, for
the first time in Israel’s history, the Israel Air Force launched the “Blue
Flag” training exercise – an international air force exercise with
participation by the US, Italian and Greek air forces. Submitted
by Tyler
Durden on 11/25/2013 - 21:28 A
great many long refuted Keynesian shibboleths keep being resurrected in
Krugman's fantasy-land, where economic laws are magically suspended, virtue
becomes vice and bubbles and the expropriation of savers the best ways to grow
the economy.
According to Paul Krugman, saving is evil and savers should therefore
be forcibly deprived of positive interest returns. This echoes the
'euthanasia of the rentier' demanded by Keynes, who is the most prominent
source of the erroneous underconsumption theory Krugman is propagating. Similar
to John Law and scores of inflationists since then, he believes that economic
growth is driven by 'spending' and consumption. This is putting the cart before
the horse. We don't deny that inflation and deficit spending can create a
temporary illusory sense of prosperity by diverting scarce resources from
wealth-generating toward wealth-consuming activities. It should however be
obvious that this can only lead to severe long term economic problems. Finally
it should be pointed out that the idea that economic laws are somehow
'different' in periods of economic contraction is a cop-out mainly designed to prevent
people from asking an obvious question: if deficit spending and
inflation are so great, why not always pursue them? Submitted
by Tyler
Durden on 11/25/2013 - 20:46 Even the most ardent of bulls
would 'admit' that the period of the last 90s was a bubble in US equities. What
started at the margin quickly morphed into a euphoric valuation for any and
everything that could be pitched. Even The Fed's Jim Bullard 'knew' there was a
bubble back then... Today's recovery of the NASDAQ to 4,000 - levels not seen
since this period - is quickly dismissed by those that need things to go higher
on the basis of earnings, multiples, or some such forward-looking hope-based
methodology that reinforces their bias. However, Tobin's Q -
among the longest-lived and most well-respected of longer-term valuation
methodologies has just reached levels only ever seen during the
1999/2000 bubble. BTFATH valuation? Submitted
by Tyler
Durden on 11/25/2013 - 20:25 Even
we were shocked when we ran the numbers on this one... Submitted
by Tyler
Durden on 11/25/2013 - 20:03 Just as many expect that the #1
buyer of Treasuries (the Fed) will soon begin paring back its purchases, the
top foreign holder (China) may cease buying, thereby opening a second front in
the taper campaign. Little thought seems to be given to how the economy
would react to 5% yields on 10 year Treasuries (a modest number in
historical standards). The herd assumes that our stronger economy could handle
such levels. That is why when it comes to tapering, the Fed is all bark and no
bite. But the market understands none of this. This is not unusual in market
history. When the spell is finally broken and markets wake up to
reality, we will scratch our heads and wonder how we could ever have been so
misguided. Submitted
by Tyler
Durden on 11/25/2013 - 19:20 Here’s
the crucial part of what Summers and Krugman are saying: this is not a
temporary gig. This
isn’t going to just “get better” on its own over time. This really is, as
Mohamed El-Erian of PIMCO would call it, the New Normal. And if you’re Jeremy
Grantham or anyone for whom a stock has meaning as a fractional ownership stake
in a real-world company rather than as a casino chip that gives you “market
exposure” … well, that’s really bad news... Just don’t kid
yourself into thinking that your deep dive into the value fundamentals of some
large-cap bank has any predictive value whatsoever for the bank’s stock price,
or that a return to the happy days of yesteryear is just around the corner.
It doesn’t and it’s not, and even if you’re making money you’re going to be
miserable and ornery while you wait nostalgically for what you do and what
you’re good at to matter again. Spoiler Alert: Godot never shows up. Submitted
by Tyler
Durden on 11/25/2013 - 18:39 Led by countries such as Russia
and China, central banks have recently become net buyers of gold. Meanwhile,
ETF gold outflows have been a temporary source of supply this year, but
obviously this cannot persist. It’s also unreasonable to assume that
recycling will make up a significantly greater piece of supply without the price
of gold increasing substantially. With
the grade of current producing gold mines being 32.6% higher than undeveloped
deposits, it makes the supply scenario even more clear. Not only is the
current yearly mine supply difficult to sustain, but future mines coming online
will be challenged by grade and margins to be economical at today’s prices.
Mathematically, unless we have high-grade, high ounce deposits that are
being fast tracked online, it will be very difficult to find a way to get
supply to match demand. Have we reached peak gold? Submitted
by Tyler
Durden on 11/25/2013 - 17:59 From
consumer and retailer surveys to quantitative data such as household spending
and private jet bookings, ConvergEx's Nick Colas has amassed a collection of 10
clues about this year's holiday shopping season. On the plus side, disposable
personal income and consumer spending on discretionary items are rising, and
travel to Palm Beach via private jet is quite popular this Christmas season.
However, consumer confidence surveys are particularly weak, and consumer debt
has ballooned to a 5-year high. Roughly equal parts good and bad, Colas'
collection of holiday spending indicators points to a mediocre (at
best) 2013 shopping season (as
we noted earlier). Submitted
by Tyler
Durden on 11/25/2013 - 17:24 One
is a dystopian society of haves and have-nots (favored or disfavored)
controlled from The Capitol by a totalitarian 'big' government and entertained
by reality TV shows... the other is a fictional movie entitled "The
Hunger Games"... Submitted
by Tyler
Durden on 11/25/2013 - 16:48 Twice
in the same day? Coincidence? Submitted
by Tyler
Durden on 11/25/2013 - 16:34 It
has been over a year since
we listed the three "pillars" of the latest dead cat bounce in
the housing market. Recall: "the REO-to-Rental subsidized
investment program, which led to an epic surge in demand for
multi-family housing, i.e., rental, units was, together with offshore
investors parking their cash in the US for safekeeping (taking
advantage of the NAR's anti-money laundering check exemptions) and the big
banks Foreclosure Stuffing, the key reason for the recent,
stimulus-fueled and quite transitory bounce in house prices in assorted
markets." In other words, the latest artificial move higher in the housing
market had nothing to do with an "improving" economy (and implicitly,
everything to do with the epic injection of liquidity by all global central
banks and chinese loan creation). Today we got confirmation that once again we
were correct: to wit: "Douglas
Elliman rep: 70% of Brooklyn home sales going to hedge funds, investors
and international buyers." Submitted
by Tyler
Durden on 11/25/2013 - 16:10 Energized by a lower crude oil
price - and collapsing JPY - equity markets hit their highs shortly after 8pmET
on Sunday night, trod water thorugh the Asian and European markets and started
more aggressive selling once US cash markets opened. Coincidentally (or not)
when Obama started speaking around 1445ET, US equities took a dramatic dive -
catching down to an already weaker signaling VIX rally. EURJPY stayed in sync
through all of this priming ignition pumps right into the close as NASDAQ 4,000
close was desperately needed (but the dot-com darlings were all hit). Gold
and Silver's early monkey-hammering was met with buyers which lifted then up
0.5% and 0.8% respectively on the day (and 2% off their lows). WTI
crude recovered more than half of its losses (-0.6% on the day) but Brent not
so much as the spread broke to new 8 month highs. VIX closed higher and Treasury
yields trended lower all day from the overnight open to close practically
unchanged as the USD lost half its early gains to end +0.25%. Submitted
by Tyler
Durden on 11/25/2013 - 15:46 Presented
with no comment*... Kurt Nimmo | Democrats who said Sarah Palin is a
lunatic and death panels don’t exist are uniformly silent. The Dallas Observer | Police presence meant to prevent anyone
from straying from the official story. Paul Joseph Watson | Intelligence services considered
assassinating Muslim leader, blaming neo-nazis. Steve Watson | Activist
prankster discovers irony free zone. Kurt Nimmo | The natural right of self defense
supersedes all other rights and nullifies the state’s monopoly on violence. Paul Joseph Watson | Next generation UAV to spy on Americans? Zero Hedge | The Fed’s Catch 22
just got catchier. Jesse
Ventura: Every baby born in US already $50,000 in debt RT | Famed actor and wrestler does not want a
gov’t ran by the two-party system. Banks Warn Fed They May Have To Start Charging Depositors Zero Hedge | The Fed’s Catch 22
just got catchier. Would You Date An Unemployed Man? – 75 Percent Of Women Would Not
Michael Snyder | If you are a
man living in America today, to a large degree your value to society is
determined by how much money you make. MOVIES, TV AWASH IN HIDDEN
ANIMAL ABUSE... Banks
threaten to charge for deposits... Enrollment
in CO's Obamacare exchange barely half the state's worst-case projection... NYC
SECRET: 1 million bodies buried in mass graves... Mayor
Throws Racial Tirade After Drunk Driving Arrest; 'You F*****g Crackers'... Cash
Missing, Coverup At Democratic Think Tank... How
Gold Price Is Manipulated During The "London Fix"
A
Bull Market In $1,000 Faucets As Home Equity Loans Soar
Coincidence?
Israel Launches Largest Ever Air Force "Exercise" The Day After Iran
Deal
Guest
Post: Paul Krugman's Fallacies
Nope,
'Still' No Bubble Here...
Chart
Of The Day: How China's Stunning $15 Trillion In New Liquidity Blew Bernanke's
QE Out Of The Water
Peter
Schiff Bashes "Ben's Rocket To Nowhere"
Spoiler
Alert: Godot Never Shows Up
Have
We Reached 'Peak Gold'?
10
Clues About 2013 Holiday Spending
Fact
Or Fiction: The Hunger Games
Silver
(And Gold) Spike As Obama Speaks (Again)
70%
Of Brooklyn Home Sales Are To Hedge Funds, Investors And International Buyers
Late-Day
Let-Down Spoils NASDAQ Party As Bonds & Bullion Bid
This Can't Be
Good...
Halperin: Death Panels Built Into Obamacare
Security at the JFK Thing in Dealey
Plaza Was “Piss-Poor.” That’s Because It Wasn’t Security.
France Planned False Flag Terror
Attack in Britain
Zombie Americans Sign Petition To Ban
Petitions
Answer to Knockout Game? Natural
Rights and the Second Amendment
Revealed: Northrop Grumman’s Unmarked
Gray Helicopter Drone
Banks Warn Fed They May Have To Start
Charging Depositors
HOLLYWOOD
REPORTER: 'LIFE OF PI' tiger 'damn near drowned'...
27 animal deaths on 'THE HOBBIT'...
Dog punched repeatedly in popular DISNEY movie...
Secret emails, documents exposed...
Spielberg protected by cover-up of 'WAR HORSE' death... MORE...
Fed Official
Proposes Regs to Counter Runs...
Woman
Battling Kidney Cancer To Lose Health Insurance....
POLL:
69% Satisfied With the Plan They Had...
Anti-smoking
gambit backfires...
Another
exchange exposes users' private information...
Halperin:
Obamacare Contains 'Death Panels'...
Invisible island for poor and unidentified...