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.
Subscribe to:
Posts (Atom)