No comments from me today. I'm pretty much numb. Numb from the 1000th stick save. Numb from the "experts" that believe they can solve a debt crisis with more debt. Numb from the fraud and corruption that are rampant throughout the global system. Numb from the constitutional abuse and loss of natural freedoms as the police state expands. Numb from the reality that is Pen State. What have we become? Why have we allowed this to happen? Why are we doing nothing to stop it, any of it?
Market News -
"And now they are refusing to even acknowledge this transaction, and apparently the management of MF Global is not yet talking. Why? Because it was an insider deal, and they don't want to give back the stolen money." Jesse's Café Américain: MF Global's Customer Assets - STOLEN - And Nothing You Hold In This System Is Safe
Hey, if you don't want to hear it from me, then why not from one of the most conservative and respected money men of all time? Rogers: “100% Chance Of Crisis Worse Than 2008,” Italy Implodes Alex Jones' Infowars.
Begging behooves them. World has Major Funding Gap; IMF Begs Russia and China for Money; Italy and Greece Demand Deposits Collapse; Run on Greek Banks? Mish's Global Economic Trend Analysis
When all else fails and you have expelled all the leaders, where else do you go for leadership? A committee of course. "The latest proposal, and one we will likely see in Greece and Italy is "technocracy", rule by well-respected economic experts, who supposedly will know what to do." Beware the Technocrati; The Next Delusion is Technical Government; Borg Cannot Save Europe Mish's Global Economic Trend Analysis
The mad grab continues. The more desperate they become for assets that faster the pace will pick up - legal or not - it is astounding they are still even allowing homes to be foreclosed on. “The October foreclosure numbers continue to show strong signs that foreclosure activity is coming out of the rain delay we’ve been in for the past year as lenders corrected foreclosure paperwork and processing problems,” Foreclosures jump 7% in October from September - MarketWatch
"Alabama's Jefferson County filed for bankruptcy court protection on Wednesday in the biggest municipal bankruptcy in U.S. history." Alabama county files biggest municipal bankruptcy | Reuters
Debt Ceiling Vote -
I keep telling you this issue is awfully quiet considering all the historical and economic weight surrounding the vote on the 23rd.
"Negotiators on the panel remain trillions of dollars apart just two weeks from the Nov. 23 deadline imposed by the summer debt-limit agreement, separated by hundreds of billions of dollars in tax revenues and far from a deal on entitlement programs. Now the parties are beginning to rev up their PR machines to deflect blame for a potentially historic failure." Odds stack up against supercommittee - Jake Sherman and Manu Raju and John Bresnahan - POLITICO.com
Iran War -
Positioning the troops? "Below we share the latest weekly update of US naval positioning, as usual courtesy of Stratfor. The chart is self explanatory: the 5th Fleet AOR is getting just a little too crowded." With Iran This And Iran That, Here Is The Weekly US Naval Update | ZeroHedge
"As we previously reported, the window of opportunity for an attack before Iran moves the bulk of its nuclear processing equipment underground is quickly evaporating." UK Foreign Office: Israel Expected To Attack Iran Next Month Alex Jones' Infowars
Police State -
After the failed national emergency gig yesterday, of course they are ready to ramp it to anything electronic. Where’s an Emergency Alert System for the Internet and the phone? - BlogPost - The Washington Post
Watch this video - nothing like cops just wailing on students doing nothing illegal. Police Bludgeon Peaceful Occupy UC Berkeley Protesters with Batons | ZeroHedge
Obummer Bashing -
Let's leave o Tannenbaum out of this today. This is much more scary - Ron Paul: Obama Presidency On The Verge Of Being A "Dictatorship" | RealClearPolitics
On Penn State -
I'm gonna cover this because it is important and ESPN will not. I'm disgusted with the actions of everyone involved and with the revelation of the "missing" DA - hey, this might get good. STB really wants to write a post paralleling this to your government buy that may be a bit dicey.
Update - read this - Guest Post: Is There No Shame? | ZeroHedge “Never be afraid to raise your voice for honesty and truth and compassion against injustice and lying and greed. If people all over the world…would do this, it would change the earth. ” ? William Faulkner
"Why didn’t Centre County District Attorney Ray Gricar prosecute Jerry Sandusky the first time he was accused in 1998? We may never know, as Gricar disappeared in 2005." DA Who Never Charged Sandusky Has Been Missing Since 2005 | NBC Philadelphia
Penn State Scandal: Rumor Claims Sandusky “Pimped Out” Boys to Rich Donors - College Football - Rivals.com "It's been widely reported that the US Department of Education is currently investigating Penn State. Are they going to find that Jerry Sandusky was running a multimillion-dollar criminal organization, one which resulted in dozens, possibly hundreds (or even more), of youths being sexually abused?"
Jerry Sandusky Rumored to Have Been 'Pimping Out Young Boys to Rich Donors,' Says Mark Madden - College Football - NESN.com
Chart of the Day -
SPX Weekly Indicator Chart - Comparing the action in the black boxes.
Remember the reason for the season.
GL and GB.