Sunday, June 30, 2013
Saturday, June 29, 2013
Who Knows What I Will Post, Not I
Yahoo - Reuters - Cash hard to raise as Fed jars credit markets. Banks are having to double up on how much cash they keep on hand and credit is going to be harder and harder to come by. This will cause deflation.
Yahoo - Reuters - World's bankers meet, pressing for clarity on regulatory change. It is all a show kids. I have previously said how this will turn out. Bail ins are the future.
Investment Week - Warning of new financial crisis as bond yields spike.
Politico - WSJ, Dow Jones to 'restructure'. Not sure what is going on here; but, it is definitely worth keeping an eye on.
Yahoo - Business Insider - Two Of China's Biggest Banks Have Stopped Lending At Some Of Their Branches. Credit is going away, what will it mean to prices.
The Telegraph - EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues. Let us all say it together, bail ins, the decision was made long ago, this is now just a show to let you know.
Basically, nothing has changed. We should expect stock market volatility and eventually the crash and bail ins. That is what the world is putting the infrastructure in place to deal with. Lets consider this, the world has been setting up laws to deal with massive and systematic failures of large banks. Why do that if everything is okay? The United States has been practicing and putting in place laws to deal with civil disturbances and training the military to deal with them. Why do that if you don't expect something to happen.
Now that we are past that, what is it that we should be keeping our eyes on? The solution to the coming problems. What is the solution and what will it mean and how willing will you be to go along with it?
I don't know what the news will bring; but, I don't just want to write about the economy. Perhaps I shall post more music.
Yahoo - Reuters - World's bankers meet, pressing for clarity on regulatory change. It is all a show kids. I have previously said how this will turn out. Bail ins are the future.
Investment Week - Warning of new financial crisis as bond yields spike.
Politico - WSJ, Dow Jones to 'restructure'. Not sure what is going on here; but, it is definitely worth keeping an eye on.
Yahoo - Business Insider - Two Of China's Biggest Banks Have Stopped Lending At Some Of Their Branches. Credit is going away, what will it mean to prices.
The Telegraph - EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues. Let us all say it together, bail ins, the decision was made long ago, this is now just a show to let you know.
Basically, nothing has changed. We should expect stock market volatility and eventually the crash and bail ins. That is what the world is putting the infrastructure in place to deal with. Lets consider this, the world has been setting up laws to deal with massive and systematic failures of large banks. Why do that if everything is okay? The United States has been practicing and putting in place laws to deal with civil disturbances and training the military to deal with them. Why do that if you don't expect something to happen.
Now that we are past that, what is it that we should be keeping our eyes on? The solution to the coming problems. What is the solution and what will it mean and how willing will you be to go along with it?
I don't know what the news will bring; but, I don't just want to write about the economy. Perhaps I shall post more music.
Friday, June 28, 2013
Still here and okay
The Pimpernel has just had a lot on his mind and needed to recharge his battery. I will post tonight and have been saving up news articles.
Monday, June 24, 2013
Rocky Financial News Far From Done
The markets are and will continue to be volatile. This should not be news to my readers.
Yahoo - Reuters - Analysis - After the Fed shock, markets set for more turmoil
The Guardian - Our banks are not merely out of control. They're beyond control
The Guardian - 'It's a proto-fascist ideology. Top bankers as predators and us as prey'. It is all about how they view us and they view us as victims. There is a line in the bible about bad shepherds who do not care about the sheep because they are only hired hands, the bad shepherds do not get rewarded in the end.
YouTube - Bank Corruption - May 25 2013 - Coast to Coast Am - C2CAM Date: 05-25-13. This is a broadcast from Coast to Coast AM. At about 41 minutes in Karen Hudes, a former attorney with the World Bank goes over the corruption within the financial system. Her solution is for international control over banking.
Reuters - U.S. bond funds lose a record $47.2 bln in June-TrimTabs
They could not bring in international control of finances if they didn't destroy the old system first and the old system was destroyed by changing laws that allowed the corruption and gaming to exist.
Yahoo - Reuters - Analysis - After the Fed shock, markets set for more turmoil
The Guardian - Our banks are not merely out of control. They're beyond control
The Guardian - 'It's a proto-fascist ideology. Top bankers as predators and us as prey'. It is all about how they view us and they view us as victims. There is a line in the bible about bad shepherds who do not care about the sheep because they are only hired hands, the bad shepherds do not get rewarded in the end.
YouTube - Bank Corruption - May 25 2013 - Coast to Coast Am - C2CAM Date: 05-25-13. This is a broadcast from Coast to Coast AM. At about 41 minutes in Karen Hudes, a former attorney with the World Bank goes over the corruption within the financial system. Her solution is for international control over banking.
Reuters - U.S. bond funds lose a record $47.2 bln in June-TrimTabs
They could not bring in international control of finances if they didn't destroy the old system first and the old system was destroyed by changing laws that allowed the corruption and gaming to exist.
Saturday, June 22, 2013
Saturday and very little news.
I was on another site reading things and have not posted tonight. Let me start by saying that nothing happened in the market on Friday. Now, let me apologize for a mistake I made. I talked about the Bank of England and FDIC being prepared to take over the banks, I just assumed the EU would go along with the same plan and forgot that England is not part of the Eurozone. That was stupid on my part. The infrastructure is not in place for the collapse of the banks yet.
Yahoo - Reuters - Europe unable to break impasse on who pays when banks fail. The article says, "If agreed, the rules would take effect at the start of 2015 with the provisions to impose losses coming as late as 2018." This may sound terrible; but, I would almost prefer it comes sooner rather than later, I guess we will see.
Reuters - Obama taps former IMF official as national security deputy. It is a short article, you should read it. Why are we putting someone whose experience is all in finance in charge of national security? Any guesses?
Yahoo - Rolling Stone - The Last Mystery of the Financial Crisis.
Yahoo - Reuters - Europe unable to break impasse on who pays when banks fail. The article says, "If agreed, the rules would take effect at the start of 2015 with the provisions to impose losses coming as late as 2018." This may sound terrible; but, I would almost prefer it comes sooner rather than later, I guess we will see.
Reuters - Obama taps former IMF official as national security deputy. It is a short article, you should read it. Why are we putting someone whose experience is all in finance in charge of national security? Any guesses?
Yahoo - Rolling Stone - The Last Mystery of the Financial Crisis.
Thursday, June 20, 2013
Financial news and tech news and other things
Firstly, I received a comment regarding my post on Pastor Daniels from someone who claims to have been in the area at the time. I am not sure I can post it because it includes someone's name and they are not a public figure.
Yahoo - Good Morning America - Siri's Going Through Puberty, but Not Fast Enough. Basically the article is complaining that the software assistant called Siri that comes with Apple products is not predicting what you will do well enough.
Washington Post - Bloomberg - World economic group calls for global exchange of tax information to fight evasion. A one world tax organization, how global.
PhysOrg - Japan experts to OK animal-human embryos test: reports (Update). Just another bad idea and one that shows no respect for human life.
Yahoo - Daily Ticker - Bernanke & Fed Don’t Know How to Quit QE: David Stockman.
Yahoo - Reuters - Dolce and Gabbana Sentenced to Jail for Tax Evasion.
CNN - Physicians group labels obesity a disease. The important thing is not whether or not it is true because it is not a disease, the important thing is that they can make more money off it if they say it is true.
Yahoo - Reuters - Euro ministers to decide direct bank recapitalization rules on Thursday. And they are deciding that in the future they will do "Bail-ins", just like the IMF, BOE, FDIC, Canada...
New York Times - China’s Great Uprooting: Moving 250 Million Into Cities. They didn't build all those brand new empty cities for nothing.
Yahoo - Reuters - End to Fed stimulus, China slowdown spark world sell-off.
Lets see, gold is down from $1,800 to about $1,280. Don't buy gold. You cannot eat it, you cannot use it as currency and it is easily stolen.
Well the Asian markets are beginning to wake up and it is not pretty. The Nikkei is down about 300 points or another 2+ percent. Tomorrow should be interesting on Wall Street.
Yahoo - Good Morning America - Siri's Going Through Puberty, but Not Fast Enough. Basically the article is complaining that the software assistant called Siri that comes with Apple products is not predicting what you will do well enough.
Washington Post - Bloomberg - World economic group calls for global exchange of tax information to fight evasion. A one world tax organization, how global.
PhysOrg - Japan experts to OK animal-human embryos test: reports (Update). Just another bad idea and one that shows no respect for human life.
Yahoo - Daily Ticker - Bernanke & Fed Don’t Know How to Quit QE: David Stockman.
Yahoo - Reuters - Dolce and Gabbana Sentenced to Jail for Tax Evasion.
CNN - Physicians group labels obesity a disease. The important thing is not whether or not it is true because it is not a disease, the important thing is that they can make more money off it if they say it is true.
Yahoo - Reuters - Euro ministers to decide direct bank recapitalization rules on Thursday. And they are deciding that in the future they will do "Bail-ins", just like the IMF, BOE, FDIC, Canada...
New York Times - China’s Great Uprooting: Moving 250 Million Into Cities. They didn't build all those brand new empty cities for nothing.
Yahoo - Reuters - End to Fed stimulus, China slowdown spark world sell-off.
Lets see, gold is down from $1,800 to about $1,280. Don't buy gold. You cannot eat it, you cannot use it as currency and it is easily stolen.
Well the Asian markets are beginning to wake up and it is not pretty. The Nikkei is down about 300 points or another 2+ percent. Tomorrow should be interesting on Wall Street.
It Aint Over, More to come in Stock Market
Well, I guess I was right about June being a bad month for the stock market.
Yahoo - CNBC - Stocks Nosedive 2%, Dow Ends Down 350 on Fed Taper Talk; Vix Tops 20 for First Time in 2013.
The stock market is just an indicator of what the real threat is that is coming and that is bank failures. Things are going to get worse.
Yahoo - CNBC - Stocks Nosedive 2%, Dow Ends Down 350 on Fed Taper Talk; Vix Tops 20 for First Time in 2013.
The stock market is just an indicator of what the real threat is that is coming and that is bank failures. Things are going to get worse.
Oh wow, foreign markets are really down.
I woke up in the middle of the night. I had an ice cream, a cigarette and a glass of wine. I put on some music and checked the financial news. The Asian market is down almost 3%. Imagine a country losing 3% of it's wealth in a day. It doesn't sound like much but imagine 3% of your population losing their jobs in one day. Just using really bad numbers, lets try this. China has over a billion people, imagine having about 18 million lose their jobs in one day. The Hang Seng index went down 2.88% last night.
Americans do not understand it. Imagine if we lost the ability to have jobs for 3% of our population that are willing to work in one day. There was a time when we had under 5% unemployment, businesses were begging for employees and the jobs were filled, people are willing to work, not me, others. I am a lazy old man who wants to retire and be paid to. In my industry the average lifespan after retirement is 18 months. I think it is too generous; but, it is what it is. How many years should one have free from work? Shouldn't we all have at least a year to understand what it all meant and rest?
I have collected a lot of financial articles to post and did not. The issues are not financial, they are very human. I will post them in the next few days. Have a great week.
Americans do not understand it. Imagine if we lost the ability to have jobs for 3% of our population that are willing to work in one day. There was a time when we had under 5% unemployment, businesses were begging for employees and the jobs were filled, people are willing to work, not me, others. I am a lazy old man who wants to retire and be paid to. In my industry the average lifespan after retirement is 18 months. I think it is too generous; but, it is what it is. How many years should one have free from work? Shouldn't we all have at least a year to understand what it all meant and rest?
I have collected a lot of financial articles to post and did not. The issues are not financial, they are very human. I will post them in the next few days. Have a great week.
Tuesday, June 18, 2013
Yahoo - Reuters - Insight: Why Citi wants to rack up U.S. taxes. Here is how the game works, mulit-national companies will move their holdings when they won't get taxed. They can even get tax credits if they do it well. Citi showed losses in the United States so they kept their profits oversees; but, now they have enough tax credits that they can bring that income back to the United States because they won't be taxed on it here either. This is unfair to their shareholders and to the nation in my humble opinion. You watch, the solution will be an international scheme for taxing.
PressTV - America feeds the rich. So, there is this congressman that wants to cut $20 billion in food stamps when more people then ever need them and increase the subsidies to agribusiness. There was a time when farm subsidies made some sense. We didn't want everyone farming the same thing just because it was a cash crop. Farming is a very risking business and one bad year could kill a family farm. That is not who is getting these, these are going to mega agribusinesses, corporations with the ability to handle a bad year or two.
The Street - Real Money - Weiser: Bernanke's 'Clint Eastwood' Moment. An interesting possibility by the author, the idea that the federal reserve might keep buying bonds and treasuries; but, stop buying short term and switch to long term bonds. My question is, if they do that, might it create another inverted yield curve something that is the number one indicator of a coming economic recession or depression.
Yahoo - AP - Obama: NSA secret data gathering 'transparent'. I haven't really spent a lot of time on the PRISM/NSA "scandal" because it is basically nonsense. Firstly, it is legal as nothing that goes over the airwaves or the internet is protected by the Constitution. Sorry; but, it is true based on past court cases. Secondly, it is not going to go anywhere. Here is a quote from the linked article"
""We're going to have to find ways where the public has an assurance that there are checks and balances in place ... that their phone calls aren't being listened into; their text messages aren't being monitored, their emails are not being read by some big brother somewhere," Obama said."
Now let me explain what he said and did not say. He said that your stuff was not being listened to, monitored or read and you know what that is absolutely true. They are being recorded and stored in case they ever need to listen to, monitor or read them. Here is the thing about "monitored" by the government, you are and you are not. Believe me, if you start a blog about knitting, nobody cares and they will seek to filter it out, there are only so many hours in a day. They are looking for patterns and subject matters. If you start writing about how to make a bomb, they might be interested in that. I repeat, they are not looking for people who smoke pot or are cheating on their spouses. 99% of all of you do not matter to the intelligence agencies in a direct way. The fact that you hate paying taxes doesn't even get their attention, post that you lied on your taxes and you might get their attention.
PressTV - America feeds the rich. So, there is this congressman that wants to cut $20 billion in food stamps when more people then ever need them and increase the subsidies to agribusiness. There was a time when farm subsidies made some sense. We didn't want everyone farming the same thing just because it was a cash crop. Farming is a very risking business and one bad year could kill a family farm. That is not who is getting these, these are going to mega agribusinesses, corporations with the ability to handle a bad year or two.
The Street - Real Money - Weiser: Bernanke's 'Clint Eastwood' Moment. An interesting possibility by the author, the idea that the federal reserve might keep buying bonds and treasuries; but, stop buying short term and switch to long term bonds. My question is, if they do that, might it create another inverted yield curve something that is the number one indicator of a coming economic recession or depression.
Yahoo - AP - Obama: NSA secret data gathering 'transparent'. I haven't really spent a lot of time on the PRISM/NSA "scandal" because it is basically nonsense. Firstly, it is legal as nothing that goes over the airwaves or the internet is protected by the Constitution. Sorry; but, it is true based on past court cases. Secondly, it is not going to go anywhere. Here is a quote from the linked article"
""We're going to have to find ways where the public has an assurance that there are checks and balances in place ... that their phone calls aren't being listened into; their text messages aren't being monitored, their emails are not being read by some big brother somewhere," Obama said."
Now let me explain what he said and did not say. He said that your stuff was not being listened to, monitored or read and you know what that is absolutely true. They are being recorded and stored in case they ever need to listen to, monitor or read them. Here is the thing about "monitored" by the government, you are and you are not. Believe me, if you start a blog about knitting, nobody cares and they will seek to filter it out, there are only so many hours in a day. They are looking for patterns and subject matters. If you start writing about how to make a bomb, they might be interested in that. I repeat, they are not looking for people who smoke pot or are cheating on their spouses. 99% of all of you do not matter to the intelligence agencies in a direct way. The fact that you hate paying taxes doesn't even get their attention, post that you lied on your taxes and you might get their attention.
Monday, June 17, 2013
Military preparations for civil unrest and more news.
The Guardian - Pentagon bracing for public dissent over climate and energy shocks. I found this article interesting, it is from a respected English newspaper call The Guardian. Here is a quote from the article"
"Also in 2010, the Pentagon ran war games to explore the implications of "large scale economic breakdown" in the US impacting on food supplies and other essential services, as well as how to maintain "domestic order amid civil unrest." Want to know what all those military and police drills going on all over the United States?
Forbes - China: Massive Credit Bubble Fueled By Shadow Banking And Securitization Could Collapse Banks. Remember the old song, "We'll all burn together when we burn". We have to or we would not all agree on the solution.
CNBC - Cramer - A "Nightmare Scenario" for Markets.
"Also in 2010, the Pentagon ran war games to explore the implications of "large scale economic breakdown" in the US impacting on food supplies and other essential services, as well as how to maintain "domestic order amid civil unrest." Want to know what all those military and police drills going on all over the United States?
Forbes - China: Massive Credit Bubble Fueled By Shadow Banking And Securitization Could Collapse Banks. Remember the old song, "We'll all burn together when we burn". We have to or we would not all agree on the solution.
CNBC - Cramer - A "Nightmare Scenario" for Markets.
Saturday, June 15, 2013
Happy Father's Day and Financial News
Happy Father's Day to all my readers who may be fathers. I myself am a father. Unfortunately my father passed away about ten years ago and I can no longer celebrate it with him, I miss him and my mother. There are so many things that I would have liked to discuss with them while I was going through them. My parents were decent individuals with clear and level heads and I always knew that they loved us. My father lays for eternity in a casket with $20 cash, $40 in casino chips and a pack of cigarettes. That is the last gift that I could give him. He used to always say that a man always needed at least a $20 in his pocket and he was a man and I wish I could talk to him again.
I celebrated Fathers Day today with one of my children. A simple dinner out and some time together. My ex-father in law and I have had an interesting relationship over the years and I understand that he is sick. I wish him a happy fathers day, he raised five kids and I believe he did his best. In the end, none of us are perfect; but, we can try to raise our kids to be independent and to understand the ways of the world. I tried my best too.
Mail Online - Paedophile fire chief allowed to keep £150,000 pension payout despite being convicted of swapping child porn pictures online. Obviously not a very nice person; but, why an article about his pension? What about the victims, why is the focus on the pension? I can tell you why because I see the same type of articles all over the U.S. papers, should people be paid their public pension if they go to jail or commit a felony or whatever. It is an attempt to manipulate the public. Firstly, pensions benefits are earned just like a salary or your hourly wages. If someone commits a crime, do you have to pay them for the hours they have already worked for you? The answer is yes.
Lets consider where this is being driven by the media. They are trying to get us to support a situation where what you do outside of work can free the government from it's responsibilities. Would you deny someone Social Security because they once committed a crime? Lets say that we take that approach, what else could they use as an excuse to take away your pension, what if you complained about government policies, who within the government would say anything after they retired about what goes on if they could lose their pension and remember most government employees never receive social security.
Yahoo - The Atlantic - Yes, Credit Cards Are Making You a Bad Person. Don't worry, getting credit is going to get a lot harder in the future. This article is just to get you to think it is okay and that you are actually better off with less credit in the world.
The Atlantic - How the Music Industry Explains Inequality, Globalization, Middle-Class Decline ... Basically Everything. The article is non-sense; but, I want my readers to see the spin the author uses. The Atlantic is read by people who have and or come from money. This is how they are told that they deserve what they have. For a video retort I offer this from a Trust Fund Kid that knows better YouTube - The One Percent – An Inside View.
Yahoo - Reuters - IMF urges repeal of 'ill-designed' U.S. cuts. Now, I have been thinking that the crashes in the markets will begin this year; but, this article is making me think it may stretch out to next year. I have not decided yet. The IMF is asking the Federal Reserve to continue to quantitative easing until 2014. The IMF is also saying that they were wrong about pushing for "austerity" in Europe. Austerity means cutting benefits to those who need them the most and cutting services.
The Guardian - Raise interest rates on old student loans, secret report proposes. I guess it doesn't make sense to go to college in England either. Student loans are an issue worldwide, how odd.
Stop Smart Meters - Channel 5 EXPOSED: The Gadget Show’s RFID + Human Microchipping propaganda. I cannot vouch for the source; but, the video is interesting.
Wall Street Journal - IMF Revises US 2014 Growth Outlook Down to 2.7%, Keeps 2013 at 1.9%.
Yahoo - Reuters - Exclusive: Deutsche Bank 'horribly undercapitalized' - U.S. regulator
. This is a scary article because it is a very big bank.
Bloomberg - FX Rates Said to Face Global Regulation in Libor Review. Oh boy, international control over interest rates. Do you get this? Interest rates have been sovereign decisions.
I celebrated Fathers Day today with one of my children. A simple dinner out and some time together. My ex-father in law and I have had an interesting relationship over the years and I understand that he is sick. I wish him a happy fathers day, he raised five kids and I believe he did his best. In the end, none of us are perfect; but, we can try to raise our kids to be independent and to understand the ways of the world. I tried my best too.
Mail Online - Paedophile fire chief allowed to keep £150,000 pension payout despite being convicted of swapping child porn pictures online. Obviously not a very nice person; but, why an article about his pension? What about the victims, why is the focus on the pension? I can tell you why because I see the same type of articles all over the U.S. papers, should people be paid their public pension if they go to jail or commit a felony or whatever. It is an attempt to manipulate the public. Firstly, pensions benefits are earned just like a salary or your hourly wages. If someone commits a crime, do you have to pay them for the hours they have already worked for you? The answer is yes.
Lets consider where this is being driven by the media. They are trying to get us to support a situation where what you do outside of work can free the government from it's responsibilities. Would you deny someone Social Security because they once committed a crime? Lets say that we take that approach, what else could they use as an excuse to take away your pension, what if you complained about government policies, who within the government would say anything after they retired about what goes on if they could lose their pension and remember most government employees never receive social security.
Yahoo - The Atlantic - Yes, Credit Cards Are Making You a Bad Person. Don't worry, getting credit is going to get a lot harder in the future. This article is just to get you to think it is okay and that you are actually better off with less credit in the world.
The Atlantic - How the Music Industry Explains Inequality, Globalization, Middle-Class Decline ... Basically Everything. The article is non-sense; but, I want my readers to see the spin the author uses. The Atlantic is read by people who have and or come from money. This is how they are told that they deserve what they have. For a video retort I offer this from a Trust Fund Kid that knows better YouTube - The One Percent – An Inside View.
Yahoo - Reuters - IMF urges repeal of 'ill-designed' U.S. cuts. Now, I have been thinking that the crashes in the markets will begin this year; but, this article is making me think it may stretch out to next year. I have not decided yet. The IMF is asking the Federal Reserve to continue to quantitative easing until 2014. The IMF is also saying that they were wrong about pushing for "austerity" in Europe. Austerity means cutting benefits to those who need them the most and cutting services.
The Guardian - Raise interest rates on old student loans, secret report proposes. I guess it doesn't make sense to go to college in England either. Student loans are an issue worldwide, how odd.
Stop Smart Meters - Channel 5 EXPOSED: The Gadget Show’s RFID + Human Microchipping propaganda. I cannot vouch for the source; but, the video is interesting.
Wall Street Journal - IMF Revises US 2014 Growth Outlook Down to 2.7%, Keeps 2013 at 1.9%.
Yahoo - Reuters - Exclusive: Deutsche Bank 'horribly undercapitalized' - U.S. regulator
. This is a scary article because it is a very big bank.
Bloomberg - FX Rates Said to Face Global Regulation in Libor Review. Oh boy, international control over interest rates. Do you get this? Interest rates have been sovereign decisions.
Friday, June 14, 2013
Beck and Drudge give no updates.
Well, both Glenn Beck and Matt Drudge put out some very strange comments and neither has followed up with anything. I personally have no idea what they were trying to say because they were both very vague. I am however dissapointed in both of them for leading people on and then not delivering.
If they ever do follow up, I will post it.
If they ever do follow up, I will post it.
Thursday, June 13, 2013
Matt Drudge and Glenn Beck are being ominous.
I have been on the phone all day talking to people and taking care of business for my job. I am so talked out my head hurts; but, I was monitoring the news in them meantime.
Matt Drudge the owner of the Drudge report has put out some odd Tweets on Twitter. One says, "WE ARE EXPERIENCING A SHIT-STORM OF UNPRECEDENTED LEVELS" and another says, "Do you get the feeling God is no longer watching over America?" While still another says, "Survivors need to: Raise your spirituality. Raise your integrity. Raise your nutrition. Raise your physical health. Raise your consciousness". Perhaps we shall find out what he is talking about soon enough.
Glenn Beck has posted this video. YouTube - Glenn Beck Arriving in NYC Searching for Big Breaking New Secret...That Will Change History. Mr. Beck claims that he is about to interview people who will tell us something and that our whole world will change, he implies that it may mean we lost all of the material things we expect, that we may only be able to save our freedom and Constitution.
The fact is that the government intentionally manipulated the banks, stock market and manufacturers to create the housing bubble knowing full well what would happen after that bubble burst. What if some top bank executives came out and admitted that? What if they told us how this is all going to end badly. Wall Street would lose the little trust left in it. We might be mixed on how we felt about what our government did if we understood what the alternatives were. Will Mr. Beck get testimony from someone that will change out beliefs to the point where the markets begin crashing? What is concerning Matt Drudge, he is usually quick to explain; but, not this time.
The final drop of the Japanese stock exchange came in at over 6% of their market yesterday, it is recovering as I write this.
Yahoo - CNBC - 60% Chance of Recession: Pimco
Yahoo - Breakout - Japanese Crash Mocks Central Bank Intervention.
CNBC - Just the Scent of Money Is Corrupting: Study
What happens if we lose all faith in our institutions a have to change them all?
Matt Drudge the owner of the Drudge report has put out some odd Tweets on Twitter. One says, "WE ARE EXPERIENCING A SHIT-STORM OF UNPRECEDENTED LEVELS" and another says, "Do you get the feeling God is no longer watching over America?" While still another says, "Survivors need to: Raise your spirituality. Raise your integrity. Raise your nutrition. Raise your physical health. Raise your consciousness". Perhaps we shall find out what he is talking about soon enough.
Glenn Beck has posted this video. YouTube - Glenn Beck Arriving in NYC Searching for Big Breaking New Secret...That Will Change History. Mr. Beck claims that he is about to interview people who will tell us something and that our whole world will change, he implies that it may mean we lost all of the material things we expect, that we may only be able to save our freedom and Constitution.
The fact is that the government intentionally manipulated the banks, stock market and manufacturers to create the housing bubble knowing full well what would happen after that bubble burst. What if some top bank executives came out and admitted that? What if they told us how this is all going to end badly. Wall Street would lose the little trust left in it. We might be mixed on how we felt about what our government did if we understood what the alternatives were. Will Mr. Beck get testimony from someone that will change out beliefs to the point where the markets begin crashing? What is concerning Matt Drudge, he is usually quick to explain; but, not this time.
The final drop of the Japanese stock exchange came in at over 6% of their market yesterday, it is recovering as I write this.
Yahoo - CNBC - 60% Chance of Recession: Pimco
Yahoo - Breakout - Japanese Crash Mocks Central Bank Intervention.
CNBC - Just the Scent of Money Is Corrupting: Study
What happens if we lose all faith in our institutions a have to change them all?
Wednesday, June 12, 2013
Volatility precedes Baloney.
I told you weeks ago to watch for market volatility and that is all we have seen since then. Right now while the U.S. and European markets are closed the Nikkei has seen an almost 700 point drop about 5%. I don't know how the night will end for them and I do not plan on staying up to see how it does.
You can go back and read the links I provided while telling you that extreme volatility was coming, they were all dismissed at the time, read the comments to the original articles I linked to (not my posts sillies), starting with the oldest first.
Okay this is an update, I am still watching the Nikkei, it is a train wreck. This has not been a good week for Abenomics in Japan or their stock exchange. If they continue this way then their combined loss for the month will be over 20% and that my friends is considered a true depression. I want to write; but, I cannot help but continue watching the market and I switch between my blog and a market ticker for Asia. LOL. I cannot stop watching it.
Okay, I am not a Sadist; but, yes, I took the day off to watch the market crash of 2008. I knew it was coming so I wanted to watch the spin they put on it. I am not a bad person; but I love knowing the end of the story. I had to stay home and watch, I wanted to see if I got it right and I did that time. I have made some mistakes since then; but, the game is still the same and my mistakes were of timing and approach. The end game has not changed one bit. I am not an insider and probably never be invited in. I consider myself more of an observer. I am not particularly worried about the outcome, that is predetermined.
I have to return to what I was writing and stop watching the Asian markets. First off,
Yahoo - CNBC - 60% Chance of Recession: Pimco
Huffington Post - NSA Spying Controversy Highlights Embrace Of Big Data. An article on how the great the technology is that allows the government to spy on us all.
I personally enjoy articles that are nothing but spin, like this one. Yahoo - Daily Ticker - Here’s the “Enormous Problem” Facing States: Ravitch. I want to dissect this liar for a moment, he is a former official with the state of New York. He begins by explaining that states and local governments are in trouble because of rising costs for retirement and healthcare for employees. That is a complete and utter lie. Municipalities lost money because of the economy, am I the only one that gets that? Less sales tax and less property tax have nothing to do with a municipalities revenue or did I misunderstand him? How can municipalities make the same amount when both sales and property taxes or down? Are we not in a recession because apparently it is why everyone else is making less; but local governments are making less because they pay people to work for them?
His second lie is that somehow the problem of a bad economy at a federal level is "passed down" to states. NO, the fed and state have different roles and different funding sources. States are supposed to be self sufficient and not reliant on the Fed. Listen to the whole thing because I cannot do it again. If the economy took a 5% contraction, shouldn't we all share? He doesn't think so.
TheStreet - Another article to convince you that market is about to dive. The Street - Brace Yourself for Stimulus' End.
I have multiple sources saying that there will be a major anouncement in the next two days that will shake our belief in the system. if you are going to replace the current economic system, doesen't there have to be a complete distrust of the previous one?
You can go back and read the links I provided while telling you that extreme volatility was coming, they were all dismissed at the time, read the comments to the original articles I linked to (not my posts sillies), starting with the oldest first.
Okay this is an update, I am still watching the Nikkei, it is a train wreck. This has not been a good week for Abenomics in Japan or their stock exchange. If they continue this way then their combined loss for the month will be over 20% and that my friends is considered a true depression. I want to write; but, I cannot help but continue watching the market and I switch between my blog and a market ticker for Asia. LOL. I cannot stop watching it.
Okay, I am not a Sadist; but, yes, I took the day off to watch the market crash of 2008. I knew it was coming so I wanted to watch the spin they put on it. I am not a bad person; but I love knowing the end of the story. I had to stay home and watch, I wanted to see if I got it right and I did that time. I have made some mistakes since then; but, the game is still the same and my mistakes were of timing and approach. The end game has not changed one bit. I am not an insider and probably never be invited in. I consider myself more of an observer. I am not particularly worried about the outcome, that is predetermined.
I have to return to what I was writing and stop watching the Asian markets. First off,
Yahoo - CNBC - 60% Chance of Recession: Pimco
Huffington Post - NSA Spying Controversy Highlights Embrace Of Big Data. An article on how the great the technology is that allows the government to spy on us all.
I personally enjoy articles that are nothing but spin, like this one. Yahoo - Daily Ticker - Here’s the “Enormous Problem” Facing States: Ravitch. I want to dissect this liar for a moment, he is a former official with the state of New York. He begins by explaining that states and local governments are in trouble because of rising costs for retirement and healthcare for employees. That is a complete and utter lie. Municipalities lost money because of the economy, am I the only one that gets that? Less sales tax and less property tax have nothing to do with a municipalities revenue or did I misunderstand him? How can municipalities make the same amount when both sales and property taxes or down? Are we not in a recession because apparently it is why everyone else is making less; but local governments are making less because they pay people to work for them?
His second lie is that somehow the problem of a bad economy at a federal level is "passed down" to states. NO, the fed and state have different roles and different funding sources. States are supposed to be self sufficient and not reliant on the Fed. Listen to the whole thing because I cannot do it again. If the economy took a 5% contraction, shouldn't we all share? He doesn't think so.
TheStreet - Another article to convince you that market is about to dive. The Street - Brace Yourself for Stimulus' End.
I have multiple sources saying that there will be a major anouncement in the next two days that will shake our belief in the system. if you are going to replace the current economic system, doesen't there have to be a complete distrust of the previous one?
Tuesday, June 11, 2013
Is Anti-Globalist the Same as Anti-Capitalist? And News at the end.
I had a couple of people tell me the same thing today. They said that they had heard that the wealthy were selling of their stocks and bonds. I asked if they knew what they were buying instead. I know the answer, they are buying large amounts of property, luxury yachts, overpriced art and other hard assets that are not gold. They are putting their money into things that will not be destroyed when the currencies crash. You might wonder why the yachts. That should be obvious, in a global world, they can just go to another country when one is hit by riots or other civil disturbances. That is what the Russians in Cyprus did.
Now lets talk about the difference between globalism and capitalism, they are not the same thing. Recently, I saw an article that called people protesting the G8 (a meeting of the top 8 economies) "anti-capitalist". It was quite misleading. Russia was communist for years and that did not stop the United States from being a capitalist economy. Heck, every country in the world could be capitalistic and it would not mean that we would have to be in a globalist system. The opposite is also true, the whole world could have communistic or socialistic or any other kind of istic economy and it still would not require a globalist format.
Globalism is about an end to national sovereignty. It is that simple. Now, you might think this is a good or bad thing; but, it has nothing to do with capitalism. The European Union is an attempt at creating a framework for globalism. As the Eurozone continues to fail the "leaders" are calling for the EU to be turned into a federation, something resembling states in the United States. In fact, they are already their with 80% or so of their laws being written by the EU in Brussels rather than by the participating nations.
Now lets look at what capitalism is. It is private ownership of the wealth of a nation and the ability to trade amongst one another. Dealing pot is capitalistic, selling sex is capitalistic, selling your children is capitalistic, even murder for hire is capitalistic and any hitman will tell you. The question becomes, should there be limits on how we conduct business and what we sell? Should the courts have to enforce contracts that are to do illegal acts? If so, then what laws can we have to protect anyone?
There is a new movie out called "The Purge", it is about a future where for one night a year, nothing is illegal and everyone is on their own. That would be the definition of pure capitalism. The media likes to determine how we will view events rather than just give us the facts anymore. The mainstream media has become the pimps for whoever pays them and it is a shame. Look how quickly the term "job creators" was universally adopted by the media. They are appealing to our belief that the system works as intended and it does not. The system is rigged to benefit those who are already rich.
My concept of capitalism is a system where everyone has a chance to succeed based on their efforts. Slavery can exist within a capitalistic system. You can be sold into slavery or even sell yourself into slavery in a true completely capitalistic society. What concerns me today is that the mainstream media seems to support this type of capitalism. In Pakistan people sell their children to Arabs to be camel jockeys (this is not joke and is very cruel), they sell their kids so they can eat and that their kids can eat.
The alternative to a world where anything goes and communism is as varied as you can imagine. Communism supposedly rewards everyone the same and that has a tendency to be unfair, yet, it is no more unfair than being sold into slavery. We can have a world with rules where we benefit those based on their efforts and willingness to risk their own money. Instead we have an economy where CEOs make their money by risking the investors money rather than there own. Heck, if they make a mistake they can get paid even better. Rewarding people for gaming or misusing the system is not capitalism, it is lawlessness.
Bloomberg - Traders Said to Rig Currency Rates to Profit Off Clients. If I pay someone to help me and instead they steal from me, is that capitalism or insanity? You may wish to think that the problem is one of morals and on a level it is; but, these people are taught that manipulating the system is their job and they are rewarded for doing so. Just consider the bonuses we paid to bankers AFTER their banks failed and we had to bail them out. Is that the type of capitalism you think we should support, one without rules. Greenspan reportedly believed in that type of capitalism and that is why it is claimed he did not want the derivatives market regulated. Well, that may or may not be his reason, I believe he is okay with an Globalism.
Yahoo - Reuters - Regulator gives big banks two years to push out swaps trading. As part of financial reform laws, big banks that received bailouts are supposed to stop making certain types of high risk investments and trades; but, we are going to give them two more years. What do you think they will do with the assets that they have to move out of the system in the next two years, do you think they will try and game the system again. They will and have already begun.
CNBC - Cramer: Stock Market 'Do Not Enter' Sign?. Somethings can only hidden for so long and even Cramer has to tell the truth sometimes or he would lose all credibility.
Yahoo - Business Insider - Central Banks May Finally Be Losing Control
Bloomberg - Eminent Domain Debate for Mortgages Revived by Fed Paper. So, why would cities and counties that claim to be in such dire straights want to buy up homes? Seems odd that one of the biggest proponents was San Bernadino when they also declared bankruptcy and then it turned out that they lied and could fund their pensions as I previously discussed and as was verified by Calpers? Well, by taking over the homes at a cut rate, they can then rent them out and create a revenue stream for the long term. The homeowners won't complain because it will artificially inflate the property value.
The International Monetary Fund plan called the "Chicago Plan Revisited" basically calls for eliminating all household debt, a reset if you will. In exchange, instead of buying your house, you merely pay the interest on the original loan for life. Isn't it interesting that many people had interest only loans for the first five years, we already know they can make that payment. You are freed from your "debt" because you will never own anything again. It is not capitalism and yet it is.
Here is how it could go down. Your local municipality will buy houses in foreclosure, you will be allowed to live their as long as you live and make the interest only payment. You will be required to maintain "your" property and will have to agree to keep up payments unless you lose your job or die or whatever else they consider to be a valid reason for leaving.
Now, timing for all of this I still do not know. We are seeing the market volatility that I had predicted and certainly the warning signs are all there. I cannot tell you exactly how it will all unravel or if it will take a month or two years. If I see someone building roads and utilities out to an area where there are no people, I know people are coming; but, when is much more tricky. I wish that I could say that it won't be for two years and maybe it will not. I wish I could tell you for sure that it will begin this month; but, remember even if it does, there are a whole lot of other pieces that will have to follow and that could take two years or more. Everything will not happen at once, markets will all see downturns in a fairly short period; but the actual implementation of the solution may take a bit and will.
Now lets try the Pimpernel tax model. What if we guaranteed everyone to live at the poverty level. Everyone would be guarenteed at least $20,000 if they at least worked or did community service, we would just provide it to the disabled, elderly or undesirable if they could not provide for themselves. We could make it more or less based on whatever was determined to be needed, we could base it on the number of people in the family and skew for the number that are capable of working. What about a system that ensured that everyone who was willing to work could have food and a place to live even if we didn't have a job for them? And when a job became available that they were capable of doing that did not involve something that might be found morally offensive to some, if they did not take the job, they would lose their benefits. I mention this because in some countries where prostitution is legal, welfare recipients were expected to take those jobs even if they found it against their beliefs. I wrote about that a long time ago; but, am not going to go back and find it.
What if everyone else was taxed 15% of all income that they made each year, not on their holdings, on their income regardless of where it came from. You know what, we could pay off the national debt in under ten years and keep private ownership of houses and everything else. Here is a video that you should watch, it is not long.
YouTube - A TED Talk on Income Inequality by Nick Hanauer
Now lets talk about the difference between globalism and capitalism, they are not the same thing. Recently, I saw an article that called people protesting the G8 (a meeting of the top 8 economies) "anti-capitalist". It was quite misleading. Russia was communist for years and that did not stop the United States from being a capitalist economy. Heck, every country in the world could be capitalistic and it would not mean that we would have to be in a globalist system. The opposite is also true, the whole world could have communistic or socialistic or any other kind of istic economy and it still would not require a globalist format.
Globalism is about an end to national sovereignty. It is that simple. Now, you might think this is a good or bad thing; but, it has nothing to do with capitalism. The European Union is an attempt at creating a framework for globalism. As the Eurozone continues to fail the "leaders" are calling for the EU to be turned into a federation, something resembling states in the United States. In fact, they are already their with 80% or so of their laws being written by the EU in Brussels rather than by the participating nations.
Now lets look at what capitalism is. It is private ownership of the wealth of a nation and the ability to trade amongst one another. Dealing pot is capitalistic, selling sex is capitalistic, selling your children is capitalistic, even murder for hire is capitalistic and any hitman will tell you. The question becomes, should there be limits on how we conduct business and what we sell? Should the courts have to enforce contracts that are to do illegal acts? If so, then what laws can we have to protect anyone?
There is a new movie out called "The Purge", it is about a future where for one night a year, nothing is illegal and everyone is on their own. That would be the definition of pure capitalism. The media likes to determine how we will view events rather than just give us the facts anymore. The mainstream media has become the pimps for whoever pays them and it is a shame. Look how quickly the term "job creators" was universally adopted by the media. They are appealing to our belief that the system works as intended and it does not. The system is rigged to benefit those who are already rich.
My concept of capitalism is a system where everyone has a chance to succeed based on their efforts. Slavery can exist within a capitalistic system. You can be sold into slavery or even sell yourself into slavery in a true completely capitalistic society. What concerns me today is that the mainstream media seems to support this type of capitalism. In Pakistan people sell their children to Arabs to be camel jockeys (this is not joke and is very cruel), they sell their kids so they can eat and that their kids can eat.
The alternative to a world where anything goes and communism is as varied as you can imagine. Communism supposedly rewards everyone the same and that has a tendency to be unfair, yet, it is no more unfair than being sold into slavery. We can have a world with rules where we benefit those based on their efforts and willingness to risk their own money. Instead we have an economy where CEOs make their money by risking the investors money rather than there own. Heck, if they make a mistake they can get paid even better. Rewarding people for gaming or misusing the system is not capitalism, it is lawlessness.
Bloomberg - Traders Said to Rig Currency Rates to Profit Off Clients. If I pay someone to help me and instead they steal from me, is that capitalism or insanity? You may wish to think that the problem is one of morals and on a level it is; but, these people are taught that manipulating the system is their job and they are rewarded for doing so. Just consider the bonuses we paid to bankers AFTER their banks failed and we had to bail them out. Is that the type of capitalism you think we should support, one without rules. Greenspan reportedly believed in that type of capitalism and that is why it is claimed he did not want the derivatives market regulated. Well, that may or may not be his reason, I believe he is okay with an Globalism.
Yahoo - Reuters - Regulator gives big banks two years to push out swaps trading. As part of financial reform laws, big banks that received bailouts are supposed to stop making certain types of high risk investments and trades; but, we are going to give them two more years. What do you think they will do with the assets that they have to move out of the system in the next two years, do you think they will try and game the system again. They will and have already begun.
CNBC - Cramer: Stock Market 'Do Not Enter' Sign?. Somethings can only hidden for so long and even Cramer has to tell the truth sometimes or he would lose all credibility.
Yahoo - Business Insider - Central Banks May Finally Be Losing Control
Bloomberg - Eminent Domain Debate for Mortgages Revived by Fed Paper. So, why would cities and counties that claim to be in such dire straights want to buy up homes? Seems odd that one of the biggest proponents was San Bernadino when they also declared bankruptcy and then it turned out that they lied and could fund their pensions as I previously discussed and as was verified by Calpers? Well, by taking over the homes at a cut rate, they can then rent them out and create a revenue stream for the long term. The homeowners won't complain because it will artificially inflate the property value.
The International Monetary Fund plan called the "Chicago Plan Revisited" basically calls for eliminating all household debt, a reset if you will. In exchange, instead of buying your house, you merely pay the interest on the original loan for life. Isn't it interesting that many people had interest only loans for the first five years, we already know they can make that payment. You are freed from your "debt" because you will never own anything again. It is not capitalism and yet it is.
Here is how it could go down. Your local municipality will buy houses in foreclosure, you will be allowed to live their as long as you live and make the interest only payment. You will be required to maintain "your" property and will have to agree to keep up payments unless you lose your job or die or whatever else they consider to be a valid reason for leaving.
Now, timing for all of this I still do not know. We are seeing the market volatility that I had predicted and certainly the warning signs are all there. I cannot tell you exactly how it will all unravel or if it will take a month or two years. If I see someone building roads and utilities out to an area where there are no people, I know people are coming; but, when is much more tricky. I wish that I could say that it won't be for two years and maybe it will not. I wish I could tell you for sure that it will begin this month; but, remember even if it does, there are a whole lot of other pieces that will have to follow and that could take two years or more. Everything will not happen at once, markets will all see downturns in a fairly short period; but the actual implementation of the solution may take a bit and will.
Now lets try the Pimpernel tax model. What if we guaranteed everyone to live at the poverty level. Everyone would be guarenteed at least $20,000 if they at least worked or did community service, we would just provide it to the disabled, elderly or undesirable if they could not provide for themselves. We could make it more or less based on whatever was determined to be needed, we could base it on the number of people in the family and skew for the number that are capable of working. What about a system that ensured that everyone who was willing to work could have food and a place to live even if we didn't have a job for them? And when a job became available that they were capable of doing that did not involve something that might be found morally offensive to some, if they did not take the job, they would lose their benefits. I mention this because in some countries where prostitution is legal, welfare recipients were expected to take those jobs even if they found it against their beliefs. I wrote about that a long time ago; but, am not going to go back and find it.
What if everyone else was taxed 15% of all income that they made each year, not on their holdings, on their income regardless of where it came from. You know what, we could pay off the national debt in under ten years and keep private ownership of houses and everything else. Here is a video that you should watch, it is not long.
YouTube - A TED Talk on Income Inequality by Nick Hanauer
Monday, June 10, 2013
Interesting Movie and some news.
First up is the news, the markets continue to swing wildly across the world and there is more to come I believe.
Yahoo - Reuters - Analysis: Euro bailout Troika nears end of road with patchy record.
Yahoo - Reuters - Every Major Asset Class Is Overpriced: Analyst.
YouTube - The Encounter 2010 DVDRip Xvid AC3 Freebee. This is an interesting video; but, is about an hour and a half long. I hope some of you take the time to enjoy and consider it.
Yahoo - Reuters - Analysis: Euro bailout Troika nears end of road with patchy record.
Yahoo - Reuters - Every Major Asset Class Is Overpriced: Analyst.
YouTube - The Encounter 2010 DVDRip Xvid AC3 Freebee. This is an interesting video; but, is about an hour and a half long. I hope some of you take the time to enjoy and consider it.
Sunday, June 9, 2013
There is no Privacy on the Internet
Not at my best today; but, I wanted to post a couple of things. Well, I guess a CIA/NSA former employee and current contractor has exposed the fact that the U.S. government spies on and reads everything, every e-mail, every tweet, just everything that is on the internet. Yahoo - Reuters - U.S. snooping revelations cause trouble for allies. This is not news to me, in fact I have talked about it before and the person who helped design the program had previously come out and said that it was being used against Americans and everyone else.
You might notice that other nations leaders did not freak about our spying, because they knew we did it and we gave them access too. The Chinese know we monitor everything on the internet too and they do too. So why all of the revelations at the same time. We just had a judge say that the government has the right to monitor all calls and internet traffic. Why let you know that everything you do is monitored? Because once you are over the initial indignation, you will accept it. I grew up with the government monitoring me, I could care less on a personal level. I find it amusing; but, they had a reason for monitoring me. I don't like the idea of everyone else losing their illusion of privacy. It changes the way people view their lives.
In other news.
Associated Press - Report: US hasn't seen expected 'Great Recovery'
Yahoo - CNBC - Wild Swings? Emerging Currencies Have It Worst
Yahoo - CNBC - Can Japan's Nikkei Escape From the Bears?
Yahoo - CNBC - Risk Appetite Still Dire, Worst Ever: UBS CEO
Yahoo - CNBC - Market Pullback Could Finally be at Hand
Yahoo - CNBC - Yen Rally Sends Shock and Selling Through Markets
Long Island Press - U.S. Military ‘Power Grab’ Goes Into Effect - Pentagon Unilaterally Grants Itself Authority Over ‘Civil Disturbances’
U.S. Troops in Afghanistan (Photo: Senior Airman Sean Martin, U.S. Air Force). They want you to know that if there are civil disturbances, the military will take action. They want you to know that and they want you to feel comfortable with it. You see, we are going to have markets collapse and they want you to not panic or overreact.
Fox Business - Wall Street Zooms Higher as Traders Cheer Data
Well that is the news. Have a great week.
You might notice that other nations leaders did not freak about our spying, because they knew we did it and we gave them access too. The Chinese know we monitor everything on the internet too and they do too. So why all of the revelations at the same time. We just had a judge say that the government has the right to monitor all calls and internet traffic. Why let you know that everything you do is monitored? Because once you are over the initial indignation, you will accept it. I grew up with the government monitoring me, I could care less on a personal level. I find it amusing; but, they had a reason for monitoring me. I don't like the idea of everyone else losing their illusion of privacy. It changes the way people view their lives.
In other news.
Associated Press - Report: US hasn't seen expected 'Great Recovery'
Yahoo - CNBC - Wild Swings? Emerging Currencies Have It Worst
Yahoo - CNBC - Can Japan's Nikkei Escape From the Bears?
Yahoo - CNBC - Risk Appetite Still Dire, Worst Ever: UBS CEO
Yahoo - CNBC - Market Pullback Could Finally be at Hand
Yahoo - CNBC - Yen Rally Sends Shock and Selling Through Markets
Long Island Press - U.S. Military ‘Power Grab’ Goes Into Effect - Pentagon Unilaterally Grants Itself Authority Over ‘Civil Disturbances’
U.S. Troops in Afghanistan (Photo: Senior Airman Sean Martin, U.S. Air Force). They want you to know that if there are civil disturbances, the military will take action. They want you to know that and they want you to feel comfortable with it. You see, we are going to have markets collapse and they want you to not panic or overreact.
Fox Business - Wall Street Zooms Higher as Traders Cheer Data
Well that is the news. Have a great week.
Thursday, June 6, 2013
I told you to expect market volatility, don't fret about it.
The market is unstable to trick you, so that professional traders can make money off your mistakes. The markets are rigged, it is simply a fact. LIBOR was rigged and so is the stock market, insiders intentionally move the market to bottom feed off of it. The so called experts make money off telling you how to trade; but, the professionals know what you are being told too. The only way for small investors who are not connected to make money is to have long term goals and invest in companies that have a high underlying value and limited debt. Hang on tight, it is going to get even weirder in the days to come.
Wednesday, June 5, 2013
Are we a nation? New Libetarianism
Ron Paul said some things I agreed with and a whole bunch that I did not. He is an example of the Libertarians. It is a form of anarchy and just as useless. We used to say "United we stand, divided we fall". Now we say it is everyman for himself. That doesn't seem to be working for 99% of us. We have lost our sense of family and even of being in a committed lifelong relationship.
Yahoo - Big Data Download - Cato Institute: Why Outsourcing Is a Good Thing. The article and interview are junk. It came out that U.S. companies could be investing in America; but, are choosing to stockpile money and this is the response from the shills at the Cato Institute. What a surprise.
Lets look at it in the simplest of terms, should American companies seek to be part of America and help America or not? How bout this, should we be giving tax breaks to companies that are shipping jobs overseas? These people are not really Libertarians, they are just another form of Globalists. The guy from the Cato Institute even said as much, he claims to be all pro United States but then talks about how we have too much, how we are only 5% of the world. He also says that we don't ship jobs oversees for lower wages and less stringent rules. How can anyone treat him as honest or credible and then he spins a bunch of statistics and leaves out the truth. He states that foreign automakers and other foreign industry leaders pay 25% more than the average American gets in wages, he leaves out that they make considerably less than others working for American companies in the same industry.
Here is my question, is America better off by having high unemployment and having American companies move the industries that we created to other countries where the people are treated like complete cattle and paid a dollar a day? If what he was saying was true and we were going to other countries to help them then wouldn't we them to pay the same wages as we get when they go to outside countries and wouldn't we want them to make sure the factories that did work for them were as environmentally friendly as we require American companies to be. And Mr. and Mrs. Consumer, we you refuse to buy products that were produced with cheap labor and less environmental impact?
Not to let the left off. There are many young people who are both anti-Globalist and pro-Anarchy. Anarchy is the most extreme form of globalism. Either you believe in the nation state or you do not. If you do believe in the nation state then you must accept collectivism to some level. Do you want to have roads, sewers, public services, police, fire... Have we become so polarized and ridiculous that we cannot understand that no extreme is the answer and that it is a question of balancing interests. Maximizing personal freedom; but, not to the detriment of the community. Or, is there no community and just personal interest? Only evil people seek to divide and conquer.
Yahoo - Big Data Download - Cato Institute: Why Outsourcing Is a Good Thing. The article and interview are junk. It came out that U.S. companies could be investing in America; but, are choosing to stockpile money and this is the response from the shills at the Cato Institute. What a surprise.
Lets look at it in the simplest of terms, should American companies seek to be part of America and help America or not? How bout this, should we be giving tax breaks to companies that are shipping jobs overseas? These people are not really Libertarians, they are just another form of Globalists. The guy from the Cato Institute even said as much, he claims to be all pro United States but then talks about how we have too much, how we are only 5% of the world. He also says that we don't ship jobs oversees for lower wages and less stringent rules. How can anyone treat him as honest or credible and then he spins a bunch of statistics and leaves out the truth. He states that foreign automakers and other foreign industry leaders pay 25% more than the average American gets in wages, he leaves out that they make considerably less than others working for American companies in the same industry.
Here is my question, is America better off by having high unemployment and having American companies move the industries that we created to other countries where the people are treated like complete cattle and paid a dollar a day? If what he was saying was true and we were going to other countries to help them then wouldn't we them to pay the same wages as we get when they go to outside countries and wouldn't we want them to make sure the factories that did work for them were as environmentally friendly as we require American companies to be. And Mr. and Mrs. Consumer, we you refuse to buy products that were produced with cheap labor and less environmental impact?
Not to let the left off. There are many young people who are both anti-Globalist and pro-Anarchy. Anarchy is the most extreme form of globalism. Either you believe in the nation state or you do not. If you do believe in the nation state then you must accept collectivism to some level. Do you want to have roads, sewers, public services, police, fire... Have we become so polarized and ridiculous that we cannot understand that no extreme is the answer and that it is a question of balancing interests. Maximizing personal freedom; but, not to the detriment of the community. Or, is there no community and just personal interest? Only evil people seek to divide and conquer.
216.95 drop in the Dow Jones, more to come
Pretty much what I have been telling you, extreme volatility and then we will see the big crash and it will be much bigger.
Telegraph - Global shock as manufacturing contracts in US and China
Manufacturing has begun to contract in the US and China for the first time since the Lehman crisis, raising fears of a synchronized downturn in the world’s two largest economies.
Not a lot of good signs out there. You might think I want to gloat over being right about these things; but, there is nothing to gloat over. What is coming is going to be bad and the solution will change your way of life.
UPDATE: It is just past 9 at night and I was looking at financial news when I noticed that all of the Asian stock exchanges were down. Lets see how Europe does overnight.
Yahoo - CNBC - Companies Spend Cash on Investors, Not Workers. An interesting article, companies are sitting on $1.8 trillion in cash and instead of investing in their companies, they are buying up their own stock. They are not interested in manufacturing or jobs, they are interested in short term gains for stockholders and longterm gains for their management.
Telegraph - Global shock as manufacturing contracts in US and China
Manufacturing has begun to contract in the US and China for the first time since the Lehman crisis, raising fears of a synchronized downturn in the world’s two largest economies.
Not a lot of good signs out there. You might think I want to gloat over being right about these things; but, there is nothing to gloat over. What is coming is going to be bad and the solution will change your way of life.
UPDATE: It is just past 9 at night and I was looking at financial news when I noticed that all of the Asian stock exchanges were down. Lets see how Europe does overnight.
Yahoo - CNBC - Companies Spend Cash on Investors, Not Workers. An interesting article, companies are sitting on $1.8 trillion in cash and instead of investing in their companies, they are buying up their own stock. They are not interested in manufacturing or jobs, they are interested in short term gains for stockholders and longterm gains for their management.
Tuesday, June 4, 2013
CIM Group in the news
Yahoo - Business Wire - CIM Group Fundraises, But Not as Registered “Investment Advisor,” Says UNITE HERE. According to a group called "UNITE HERE", the CIM Group has not filed as an investment adviser. According to the article this is okay because they are a real estate investment firm. Now 28 of the 30 top real estate investment firms did submit the documents and register.
Why does this matter if it is not illegal. The reason is simple, they are heavily funded by public pensions. One would think that Calpers, Lacers and the other public pensions would require their real estate investment firms to be fully transparent. How transparent is CIM Group? Lets see, practically nothing is known about two of it's owners. There is practically no information on Mr. Shaul Kuba or Mr. Avi Shemesh. Their company controls, according to their website, over $9 billion in assets.
Why does this matter if it is not illegal. The reason is simple, they are heavily funded by public pensions. One would think that Calpers, Lacers and the other public pensions would require their real estate investment firms to be fully transparent. How transparent is CIM Group? Lets see, practically nothing is known about two of it's owners. There is practically no information on Mr. Shaul Kuba or Mr. Avi Shemesh. Their company controls, according to their website, over $9 billion in assets.
How bad will the next market collapse be?
First of all the markets are all so interconnected that it will be universal. When it happens that may seem overwhelming; but, the response will also be coordinated and the reset will come fairly quickly. Stay calm when it happens.
Yahoo - AP - World stock markets fall on Fed uncertainty. The article is from yesterday and the point is that the mere thought of the Federal Reserve cutting back on pumping money into the economy effected stocks worldwide and not just in the United States.
Yahoo - CNBC - Warning: 'Prepare' for Commodity Supercycle End. This crash will effect all asset markets.
Huffington Post - The World Economy's a Ticking Time Bomb (and the Fuse Is Lit). A very well respected economist is about to tell us how bad things are going to get. You should read this article. If you prefer, I have a video of him. Yahoo - CNBC - Are We Heading for a New Financial Crisis?
Forbes - Great Reflation Produces Mirage Of Recovery In Housing. Basically, the "improvement" in the housing market is false.
CNBC - El-Erian: Walk, Don't Run From Equities Risk. All asset classes are going to be effected.
I want to talk about what got us here. The good professor from England summed it up rather nicely. This is not capitalism, this is insider traderism. A system that allows more money to be made when companies do poorly is going to lead to bad decision making. He said it in economist terms; but, the result is the same.
Yahoo - AP - World stock markets fall on Fed uncertainty. The article is from yesterday and the point is that the mere thought of the Federal Reserve cutting back on pumping money into the economy effected stocks worldwide and not just in the United States.
Yahoo - CNBC - Warning: 'Prepare' for Commodity Supercycle End. This crash will effect all asset markets.
Huffington Post - The World Economy's a Ticking Time Bomb (and the Fuse Is Lit). A very well respected economist is about to tell us how bad things are going to get. You should read this article. If you prefer, I have a video of him. Yahoo - CNBC - Are We Heading for a New Financial Crisis?
Forbes - Great Reflation Produces Mirage Of Recovery In Housing. Basically, the "improvement" in the housing market is false.
CNBC - El-Erian: Walk, Don't Run From Equities Risk. All asset classes are going to be effected.
I want to talk about what got us here. The good professor from England summed it up rather nicely. This is not capitalism, this is insider traderism. A system that allows more money to be made when companies do poorly is going to lead to bad decision making. He said it in economist terms; but, the result is the same.
Monday, June 3, 2013
Two things, the economy this week and false redirects
I just deleted what I was going to post and will start over again.
The Telegraph - BIS records startling collapse of eurozone interbank loans. Okay, this is literally the news before it is news, this is what is coming out of England now.
ZeroHedge - Japanese Stocks Down Over 2% At Open; Nikkei 16% Off Highs. It is Monday morning and the Dow has not opened; but, things are already getting crazy. Take a deep breath and relax.
Expect high volatility in the stock market this week and don't sweat it. I have been saying for two weeks to expect volatility. If you are a regular reader then don't worry. This is a time when the sheep get sheared by the big guys, that is purpose of volatility and options. Don't play the options.
The Telegraph - BIS records startling collapse of eurozone interbank loans. Okay, this is literally the news before it is news, this is what is coming out of England now.
ZeroHedge - Japanese Stocks Down Over 2% At Open; Nikkei 16% Off Highs. It is Monday morning and the Dow has not opened; but, things are already getting crazy. Take a deep breath and relax.
Expect high volatility in the stock market this week and don't sweat it. I have been saying for two weeks to expect volatility. If you are a regular reader then don't worry. This is a time when the sheep get sheared by the big guys, that is purpose of volatility and options. Don't play the options.
Sunday, June 2, 2013
It's not looking good for the stock market or big banks
There is a group you have probably never heard of other than here and I don't talk about them often. It is called the Bank of International Settlements and it sort of coordinates between all the worlds central banks. Well, they just issued a paper on how they might recapitalize to big to fail banks with bail-ins and some other things.
Yahoo - Reuters - BIS lays out "simple" plan for how to handle bank failures
The actual proposal from BIS's own website is here. BIS - A template for recapitalising too-big-to-fail banks.
What is going on is that the IMF and governments want to take a "bail-in" approach favoring depositors and BIS wants to put some others in a better situation. What I find really interesting is that with all of these governments and banks suddenly publishing their plans for what to do with the investment banks fail again, why is it barely mentioned in any of the financial papers?
Here is what is going on with the banks at the moment. New York Times - Quantity Over Quality in Bank Profits. The large banks are showing higher profits; but, not from lending out money. One of the things these banks did was decrease how much they set aside in the event of losses on loans.
Traditionally banks were different. You would deposit your funds for safe keeping and they would loan money out to people to buy houses, start businesses and buy cars or other large purchases. The bank put money in real assets that effected their community. During the period of deregulation things changed. They allowed all banks to become investment banks. Banks began finding they could make more money off the stock market and keep the profit. They take your deposit and then gamble on the stock market. Risky investments don't matter because they are gambling with your money.
While I will link to the financial mainstream media, the fact is that you cannot trust them. How many of them predicted the housing crash or the stock crash? Yeah. The media acts as a cheerleader for Wall Street or they won't get the interviews or the insider information that allows them to make money too.
I expect volatility; but, the real challenge comes on the 21st. Be well.
Yahoo - Reuters - BIS lays out "simple" plan for how to handle bank failures
The actual proposal from BIS's own website is here. BIS - A template for recapitalising too-big-to-fail banks.
What is going on is that the IMF and governments want to take a "bail-in" approach favoring depositors and BIS wants to put some others in a better situation. What I find really interesting is that with all of these governments and banks suddenly publishing their plans for what to do with the investment banks fail again, why is it barely mentioned in any of the financial papers?
Here is what is going on with the banks at the moment. New York Times - Quantity Over Quality in Bank Profits. The large banks are showing higher profits; but, not from lending out money. One of the things these banks did was decrease how much they set aside in the event of losses on loans.
Traditionally banks were different. You would deposit your funds for safe keeping and they would loan money out to people to buy houses, start businesses and buy cars or other large purchases. The bank put money in real assets that effected their community. During the period of deregulation things changed. They allowed all banks to become investment banks. Banks began finding they could make more money off the stock market and keep the profit. They take your deposit and then gamble on the stock market. Risky investments don't matter because they are gambling with your money.
While I will link to the financial mainstream media, the fact is that you cannot trust them. How many of them predicted the housing crash or the stock crash? Yeah. The media acts as a cheerleader for Wall Street or they won't get the interviews or the insider information that allows them to make money too.
I expect volatility; but, the real challenge comes on the 21st. Be well.
Just More News About Wall Street and some music
I am a little bored and a little tired. I thought I might make a final post for the night and listen to some music. lets get the news out of the way.
Yahoo - Reuters - Wall Street Week Ahead: Good news on jobs may be bad for stocks. The article is saying that if more people get jobs, it will hurt stock numbers because the Federal Reserve might stop giving away cheap money to investment banks.
Yahoo - Wall Street Journal - Rising Stock Prices Flash a Warning…Selloff Ahead?. Psst, you cannot tell anyone; but, I will tell you what is going on. The smart guys are being played big time. The Federal Reserve is going to slow down on buying bonds so they scare investors into getting out of stocks and into bonds by saying that the market is going to drop and it probably is. Stocks, bonds, banks or your bed. You got to put your money somewhere. Keep an eye on the market and don't sell your stocks when the market goes crazy. If you have stocks in banks, get out. I am no financial adviser; but, that is what I tell my friends who ask me.
Now to the music. The Pimpernel listens mostly to Rock and Roll, I listen to it all, punk to pop. I listen to Opera, classical, country and love big bands; but, my heart is in jazz. Modern jazz, old school, new school, anything. I love jazz, it grabs me. Here are some modern twists on it that I am in love with.
YouTube - BOZ SCAGGS - Breakdown Dead Ahead
YouTube - Steely Dan | Home At Last
YouTube - Dave Brubeck - Take Five
YouTube - Love Story Theme - By Henry Mancini
Want to hear something wonderful. A very sultry and sexy version of an old torch song. Watch it all the way through. YouTube - Alice Fredenham singing 'My Funny Valentine' - Week 1 Auditions | Britain's Got Talent 2013. I wish the young lady joy.
YouTube - one from the heart.
Yahoo - Reuters - Wall Street Week Ahead: Good news on jobs may be bad for stocks. The article is saying that if more people get jobs, it will hurt stock numbers because the Federal Reserve might stop giving away cheap money to investment banks.
Yahoo - Wall Street Journal - Rising Stock Prices Flash a Warning…Selloff Ahead?. Psst, you cannot tell anyone; but, I will tell you what is going on. The smart guys are being played big time. The Federal Reserve is going to slow down on buying bonds so they scare investors into getting out of stocks and into bonds by saying that the market is going to drop and it probably is. Stocks, bonds, banks or your bed. You got to put your money somewhere. Keep an eye on the market and don't sell your stocks when the market goes crazy. If you have stocks in banks, get out. I am no financial adviser; but, that is what I tell my friends who ask me.
Now to the music. The Pimpernel listens mostly to Rock and Roll, I listen to it all, punk to pop. I listen to Opera, classical, country and love big bands; but, my heart is in jazz. Modern jazz, old school, new school, anything. I love jazz, it grabs me. Here are some modern twists on it that I am in love with.
YouTube - BOZ SCAGGS - Breakdown Dead Ahead
YouTube - Steely Dan | Home At Last
YouTube - Dave Brubeck - Take Five
YouTube - Love Story Theme - By Henry Mancini
Want to hear something wonderful. A very sultry and sexy version of an old torch song. Watch it all the way through. YouTube - Alice Fredenham singing 'My Funny Valentine' - Week 1 Auditions | Britain's Got Talent 2013. I wish the young lady joy.
YouTube - one from the heart.
Saturday, June 1, 2013
More Economic News and Concerns
I was fortunate enough to have dinner with two friends. They are a little older than me and I used to work for the husband. I really look up to them both because of how they live their lives. He gave me a document to read that someone put online that talked about some of the same things that I am seeing in the economy. What is even funnier is that just before I left for dinner I got a call from another friend who wanted to talk about where to keep his money. Beyond this blog a lot of people that know me personally know that what is going on today I have been saying was coming for quite a while. Warren Buffet talked about it in his letters and tried to get businesses to understand that they have to be well run places which care about their product and are seeking long term growth. He said that because we don't follow these principles we were going to see a decline in America.
As I have said for one or two weeks now, there is something that has turned. I don't know exactly what it was; but, it is what is causing the market volatility and we are headed for real problems and I think soon. The date to watch the stock market is June 21st, that is the triple witching hour on wall street. I haven't wanted to commit to a date and still won't; but, I read something today that would lead me to believe the date is due.
The Business Insider - THE HINDENBURG OMEN HAS APPEARED. I don't follow charts or trend formulas when I look at the stock market because I know the market is manipulated. Still, it is worth reading. According to the author there is a trading pattern that means that if you see it you should be in a full fledged market crash within 30 days. Apparently the indications manifested themselves on May 29th.
My belief that we were going to enter a deep recession (were not supposed to call it a depression) was partly due to the fact that we had a inverted yield curve. Boy, I haven't talked about that in awhile and you can look it up on Wikipedia. There are certain indicators that are leading indicators and it sounds as if this "Hindenburg Omen" is one of those. Well, If the article is correct then that June date is looking like the time when it would happen.
Now for some history. When the market crashed a few years ago there were some interesting things that happened. The most important one is that during the one hour of the crash hedge funds bought 75% of all the Treasury Bonds and banks bought 25%, this is the exact opposite of what traditionally happens. You may also remember that the computers did not track trades during that hour.
Yahoo - Reuters - NYSE asks SEC to reinstate volatility curbs. I guess others are expecting extreme volatility.
Reuters - Major Japan banks' JGB holdings plunge in April - BOJ. Basically, the Japanese banks are owning less of the nations Treasury bonds.
CNBC - Stocks close with big drop; Dow tumbles 200 points on uncertainties. Today another swing.
Yahoo - Crash, Correction or Pullback: What Follows a Seven Month Rally?. Another article on how the market is acting strangely.
Yahoo - Reuters - Digital currency firms rush to adopt anti-money laundering rules. Before the governments get into digital currencies, they want private enterprise to pay for proving how it should be done correctly.
Intellihub - Bilderberg, Google and the G8: New Global Tax Regime Already in the Works. Increasing the chatter about global taxation.
Mail Online - The hi-tech tattoo that could replace ALL your passwords: Motorola reveals plans for ink and even pills to identify us. Wait, wait, wait, okay say it. Yes, I have been saying this would come for a long time.
Well, that is a lot of stuff for you to read and listen to. I wish to say that this blog now has more hits per month than it ever has. I don't think the Drudge Report is shaking in it's boots; but, it sure gives me a reason to keep writing. I hope when the currencies crash that this blog sort of shows how and why we are the state we are in. I hope people go back and point to what I have said and ask the simple question, how come nobody else talked some of these things. Why isn't anyone talking about The Chicago Plan Revisited that the IMF published, why isn't anyone talking about the agreement between the FDIC and Bank of England? The Mainstream media doesn't talk about it because their companies owners have inside knowledge and benefit from it. The "alternative" media like Alex Jones, David Icke and even Peter Schiff doesn't talk about it because they have something to sell. I have nothing to sell and don't want to sell anything or even have advertisements on my blog.
You have to be very careful of anyone who writes because they have an economic stake in it, it tends to cause them to either manipulate their readers or attempt to cause to overexcite them to increase viewership. Look, everything is going to be okay, it is going to be what it is going to be. Oh, by the way, the Bildergerg meeting is June 6th to the 9th. We are passengers on this ship and don't have any control over where the ship is going. Enjoy the trip as best you can.
UPDATE:
I forgot to post this video from CNBC of another Wall Street expert saying that something is not right. 90 Seconds with Art Cashin: Volume & Volatility. I have said that I may not have the timing right; but, there sure are a lot of people implying that it is soon and June seems to be the time.
As I have said for one or two weeks now, there is something that has turned. I don't know exactly what it was; but, it is what is causing the market volatility and we are headed for real problems and I think soon. The date to watch the stock market is June 21st, that is the triple witching hour on wall street. I haven't wanted to commit to a date and still won't; but, I read something today that would lead me to believe the date is due.
The Business Insider - THE HINDENBURG OMEN HAS APPEARED. I don't follow charts or trend formulas when I look at the stock market because I know the market is manipulated. Still, it is worth reading. According to the author there is a trading pattern that means that if you see it you should be in a full fledged market crash within 30 days. Apparently the indications manifested themselves on May 29th.
My belief that we were going to enter a deep recession (were not supposed to call it a depression) was partly due to the fact that we had a inverted yield curve. Boy, I haven't talked about that in awhile and you can look it up on Wikipedia. There are certain indicators that are leading indicators and it sounds as if this "Hindenburg Omen" is one of those. Well, If the article is correct then that June date is looking like the time when it would happen.
Now for some history. When the market crashed a few years ago there were some interesting things that happened. The most important one is that during the one hour of the crash hedge funds bought 75% of all the Treasury Bonds and banks bought 25%, this is the exact opposite of what traditionally happens. You may also remember that the computers did not track trades during that hour.
Yahoo - Reuters - NYSE asks SEC to reinstate volatility curbs. I guess others are expecting extreme volatility.
Reuters - Major Japan banks' JGB holdings plunge in April - BOJ. Basically, the Japanese banks are owning less of the nations Treasury bonds.
CNBC - Stocks close with big drop; Dow tumbles 200 points on uncertainties. Today another swing.
Yahoo - Crash, Correction or Pullback: What Follows a Seven Month Rally?. Another article on how the market is acting strangely.
Yahoo - Reuters - Digital currency firms rush to adopt anti-money laundering rules. Before the governments get into digital currencies, they want private enterprise to pay for proving how it should be done correctly.
Intellihub - Bilderberg, Google and the G8: New Global Tax Regime Already in the Works. Increasing the chatter about global taxation.
Mail Online - The hi-tech tattoo that could replace ALL your passwords: Motorola reveals plans for ink and even pills to identify us. Wait, wait, wait, okay say it. Yes, I have been saying this would come for a long time.
Well, that is a lot of stuff for you to read and listen to. I wish to say that this blog now has more hits per month than it ever has. I don't think the Drudge Report is shaking in it's boots; but, it sure gives me a reason to keep writing. I hope when the currencies crash that this blog sort of shows how and why we are the state we are in. I hope people go back and point to what I have said and ask the simple question, how come nobody else talked some of these things. Why isn't anyone talking about The Chicago Plan Revisited that the IMF published, why isn't anyone talking about the agreement between the FDIC and Bank of England? The Mainstream media doesn't talk about it because their companies owners have inside knowledge and benefit from it. The "alternative" media like Alex Jones, David Icke and even Peter Schiff doesn't talk about it because they have something to sell. I have nothing to sell and don't want to sell anything or even have advertisements on my blog.
You have to be very careful of anyone who writes because they have an economic stake in it, it tends to cause them to either manipulate their readers or attempt to cause to overexcite them to increase viewership. Look, everything is going to be okay, it is going to be what it is going to be. Oh, by the way, the Bildergerg meeting is June 6th to the 9th. We are passengers on this ship and don't have any control over where the ship is going. Enjoy the trip as best you can.
UPDATE:
I forgot to post this video from CNBC of another Wall Street expert saying that something is not right. 90 Seconds with Art Cashin: Volume & Volatility. I have said that I may not have the timing right; but, there sure are a lot of people implying that it is soon and June seems to be the time.
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