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.

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.

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.

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.

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.

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.

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.