Money, it makes the world go round. that saying rings louder now more than any other point in time. That is so because the amounts of money needed just to keep the debt bubble inflated and countries from default is exponentially growing day by day. The top of the post I cover the markets, but I ask that you terrorists (yes, you by definition) spend some time in the police state section tonight.
First watch this -
STB discusses easing and its lifting effect on the markets daily and the ensuing crash that will develop when the easing ends. I suggest you read this post to get a taste of what may be to come. I go at it a bit harder, this is a bit sugar coated to me. "Ah yes, but the one thing, and only one thing that matters, and that is not mentioned at all, is what happens to the stock market when the Fed officially sets off on a tightening path. Actually make that question even simpler - will the drop in the S&P will be 30%, 40%, or any other greater mulitple of 10% thereof, considering that as we noted previously, the Fed and the other two central banks alone have injected over $2 trillion in just over a year. And about $10 trillion in the past 5. Calculate what the removal of this liquifity would do to stocks... Taylor Rule Founder Warns US Debt Could "Explode" | ZeroHedge
We discuss the endless funding and the bulls belief that nothing can go wrong. Well the current LTRO and greece recinancig (or whatever you call it) is a perfect example of the issues addressed above. "The critical point is that unless the market believes there will be an endless number of future LTROs, covering the very forward-looking private funding markets for banks, then macro- and event-risk will reappear and volatility will flare." UBS On LTRO: 'One More Is Not Enough' | ZeroHedge
We discuss the dollar from time to time. One of my favorite points to try and explain to the sheeple (not you folks, the cocktail party crowd) is that although your portfolio may have recovered 75% or more of your losses since the '07 top the dollar has been devalued close to 45% over that same period of time. This is a massive secret no one wants you to realize. Now we get this, "The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level." The Federal Reserve's Explicit Goal: Devalue The Dollar 33% - Forbes
The O-MFG update - nothing new other than details that things were out of control as the company scrambled in the final hours. the $1.2 billion of client funds (just like yours in your brokerage account) is gone and apparently at this time will not be recovered. The greatest crime of the century if you ask me, and Corzine still walks the streets. Trustee says MF Global sustained itself on customer funds - The Washington Post
This is huge. This could be a ground breaker, a win for the sheeple against the TBTF banks that have been stealing homes from the sheeple via fraudulent foreclosures, "A grand jury in Boone County, Mo., handed up an indictment Friday accusing DocX of 136 counts of forgery in the preparation of documents used to evict financially strained borrowers from their homes. Lorraine O. Brown, the company’s founder and former president, was indicted on the same charges." KABABABOOOOM! | Lender Processing Services’ DOCX, Lorraine O. Brown, Indicted on Criminal Forgery Charges | Foreclosure Fraud - Fighting Foreclosure Fraud by Sharing the Knowledge
Chart of the Day -
ToS 60m charts - first the same red wedge I showed this morning - lower black support, gaps and divergences.
Now a closer look at the top of the wedge - You see the red wedge, the black channel and the smaller green wedge that looks like it is trying to confirm an end to this move. Is a correction coming? Now is another one of those points like last week (that got shit all over).
Police State -
This is really messed up. this is Bad with a capital B. We now want to alter or create a new constitution that includes the RIGHT to entitlemants. Are you freakin kidding? "Americans recognize rights not widely protected, including ones to a speedy and public trial, and are outliers in prohibiting government establishment of religion. But the Constitution is out of step with the rest of the world in failing to protect, at least in so many words, a right to travel, the presumption of innocence and entitlement to food, education and health care." ‘We the People’ Loses Appeal With People Around the World - NYTimes.com
This is out of hand, but we have seen it coming. STB has highlighted the growing police state and the DHS extending its reach deeper into our private lives. to do this you should be classified and so the oblige, get a load of this, "An FBI advisory aimed at Internet Cafe owners instructs businesses to report people who regularly use cash to pay for their coffee as potential terrorists." » FBI: Paying Cash For a Cup of Coffee a ‘Potential Indicator of Terrorist Activity’ Alex Jones' Infowars
Follow the above with this crud! Face it, you are a terrorist. "Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday. The extremists may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard." FBI warns of threat from anti-government extremists | Reuters
I told you increased presence and fines were coming years ago in order to increase funding that had been lost. Here is more intrusion and policing of your every movement - California has the most expensive red-light camera tickets in the world - "the fine is so steep that one camera in Oakland generates more than $3 million a year Red-light cameras boost coffers, rile drivers"
In a semi-victory for the sheeple, "The Senate has passed legislation that includes a provision allowing airports to replace TSA screeners with private security, opening the door for the widely loathed federal agency to be marginalized from aviation security altogether." Senate Passes Bill Allowing Airports To Evict TSA Screeners Alex Jones' Infowars
Obummer Bashing -
Liar! Liar! "Obama has been an outspoken critic of current campaign financing laws, in particular a Supreme Court ruling that allowed the creation of super PACs." Obama campaign to support super PAC fundraising – CNN Political Ticker - CNN.com Blogs
Well documented, his possse is not the most impressive. How bout this crowd supporting his campaign looking for a pardon. Classy! Real classy! Ha! and this man has a chance to get reelected? Only in AmeriKa. "The casino owner, Juan Jose Rojas Cardona, known as Pepe, jumped bail in Iowa in 1994 and disappeared, and has since been linked to violence and corruption in Mexico. A State Department cable in 2009 said he was suspected of orchestrating the assassination of a business rival and making illegal campaign donations to Mexican officials." Major Obama Donors Are Tied to Pepe Cardona, Mexican Fugitive - NYTimes.com
He may be a loonie, but at times like these you can't discount what they say, "He said President Barack Obama no longer has power in the United States, that Cuba's longtime ideological foe is being run by a "high command" and not even they can "contain the situation" of a possible nuclear war." Fidel Castro warns of bleak future, touts memoir | Reuters
This is pretty important given AJ's history of timing these things. I think we're in a 6 to 8 month window as well. Infowars Issues Emergency Terror Alert Alex Jones' Infowars. "Given the fact that the US and Israel are both yearning for a casus belli to launch an attack on Iran, added to recent history where a staged provocation was considered, and in addition to the innumerable examples of false flags overseen by the Obama administration alone, the threat of staged terror has never been greater."
Want to hear the truth from a real soldier on the ground in Afghanistan? This one will blow your mind. A complete must read. This place is a total disaster. Truth, lies and Afghanistan - February 2012 - Armed Forces Journal - Military Strategy, Global Defense Strategy
“What are your normal procedures in situations like these?” I asked. “Do you form up a squad and go after them? Do you periodically send out harassing patrols? What do you do?”
As the interpreter conveyed my questions, the captain’s head wheeled around, looking first at the interpreter and turning to me with an incredulous expression. Then he laughed.
“No! We don’t go after them,” he said. “That would be dangerous!”
GL and GB!