UPDATE- Gonna get some charting done this weekend and see what I come up with. Bottom line is even with the massive divergences pointing down, the markets can not be trusted. AA kicks off earnings Monday after the bell, so without any (really terrible) news and if AA surprises, who knows, with all the accounting changes and rules violations that go unpunished, what king of numbers they will come up with? I ecomend the sidelines unless a clear trend is given.
GL and enjoy your weekend.
UPDATE - Dig this one -
http://www.prisonplanet.com/mark-of-the-beast-rears-its-head-in-pennsylvania.html
Look, things are out of control and we all know it. We know austerity measures are coming globally, wars are most likely inevitable and we can be guaranteed the MSM will be controlling your news feed to supplant the governments agenda so we all remain calm and orderly while being raped by the banksters and Wall St. desperate times deserve desperate measures. We all know in the (more recent) words of Rham that a crisis is a terrible thing to waste cause you can impose your will on those in desperation. So impose they shall.
From the light side of the spectrum we get
S.F. considers banning sale of pets except fish. MMMkay? So local governments (Pelosi's neighborhood I'm guessing) are going to impose their will on what we can and can not sell. I get them challenging mary jane sales but pets? Why? ""People buy small animals all the time as an impulse buy, don't know what they're getting into, and the animals end up at the shelter and often are euthanized," said commission Chairwoman Sally Stephens. "That's what we'd like to stop." OK, so people waste things and that sin needs to be stopped. Well, I have to ask, if they ban the sales of pets for these insane reasons, then what will they be banning next? This is out of control behavior by desperate people looking in the wrong place for a solution to a larger problem.
Talk about desperate people, how bout our own
US Government looking for solutions to pay off the debt. Dig this (emphasis mine), "One idea for raising taxes to pay down the debt is the bill introduced this February by Rep. Chaka Fattah (D-Pa.). His “Debt Free America Act” (H.R. 4646) would impose a 1 percent “transaction tax” on every financial transaction — whether paid by cash, credit card or any form of financial transfer, the only exception being transactions involving the purchase or sale of stock. Theoretically, everyone would pay one cent on the dollar for every such transaction in America every day — whether $3 million on a $300 million business acquisition, $300 on the purchase of a $30,000 car,
or $5 on a $500 ATM withdrawal"
Did you catch that? They are proposing a 1% transaction tax that will include taking money out of an ATM! Fuck, what's next here a wipe ass charge of 1 cent per sheet of toilet paper? This tax will also apply to over the counter transactions as well. As Ace and others pointed out in the comments section of last night's post the banks have no money anyway and people are beginning to hoard cash. Go try and withdraw $20k and see what they come up with? They have imposed withdrawal limits in times of stress to prevent run protect the banks. The control of the money supply will can is another measure of the socialist agenda that they will be able to use to control our actions. It has been speculated by the conspiracy theorists that when we go to a cashless society and you have your national ID card with THE chip in it, they will be able to control everything you buy or withdraw at the push of a button. that is something worth thinking about.
In
U.S. Plans Cyber Shield for Utilities, Companies Big Brother comes alive in the name of national security. I have written a lot about homeland security and the patriot act and how those new programs are being used to invade your privacy. We've gotten used to the cameras on the streets and now come the 'cameras' on the internet. I agree that cyber security is an important measure we must maintain, but if that were to ever be used against 'us' then that would be a large problem. I don't trust any of them as these 'defense' projects tend to become larger surveillance initiatives that further disrupt and limit our freedoms. ""The overall purpose of the [program] is our Government...feel[s] that they need to insure the Public Sector is doing all they can to secure Infrastructure critical to our National Security," said one internal Raytheon email, the text of which was seen by The Wall Street Journal. "Perfect Citizen is Big Brother.""
A glaring problem of government control can be found in
Ex-Official Accuses Justice Department of Racial Bias in Black Panther Case. What happened? "The department abandoned the New Black Panther case last year. It stemmed from an incident on Election Day in 2008 in Philadelphia, where members of the party were videotaped in front of a polling place, dressed in military-style
uniforms and allegedly hurling racial slurs while one brandished a night stick." From the post I am reading that these were Obama supporters or at least
attempting asking scaring the hell out of voters to get their message across and who not to vote for. "The Bush Justice Department brought the first case against three members of the group, accusing them in a civil complaint of violating the Voter Rights Act. The Obama administration initially pursued the case, winning a default judgment in federal court in April 2009 when the Black Panther members did not appear in court. But then the administration moved to dismiss the charges the following month after getting one of the New Black
Panther members to agree to not carry a "deadly weapon" near a polling place until 2012." read into the Black Panther case what you will, but this stinks to high heaven to me and sends a message that I hear as "If you are one of Obama's militants you can get away with anything". Scary stuff.
And one final issue (strange, but I have tried this edit THREE times and blogger has rejected the edit, so I am not sure if I am supposed to post this - Mr./Mrs. Government Handler, I get the message.) Did you know that there are
Racial, Gender Quotas in the Financial Bill? Yup, "In addition to this bill's well-publicized plans to establish over a dozen new financial regulatory offices, Section 342 sets up at least 20 Offices of Minority and Women Inclusion. This has had no coverage by the news media and has large implications." Which means that, "Each office would have its own director and staff to develop policies promoting equal employment opportunities and racial, ethnic, and gender diversity of not just the agency's workforce, but also the workforces of its contractors and sub-contractors." Which means that if you own a business or work in anything that remotely touches the financial industry you will now be subject to these quotas. Ya think this will have an effect? Just another government mandate imposing it's will on your rights and freedoms cause they think this will benefit "the whole system".
And how can we end a socialist state post without some documentation of what's happening with the oil spill. I'm sure
you remember my post where I found tar balls, emulsified oil and my feet burned for a day after simply walking on the beach for 5 minutes. I saw the hazmat teams and families swimming 50 yards from them. All while the government was saying that conditions were safe and no harm would be brought to you for coming and spending your vacation dollars at the beach. Well, as I have warned many, looks can be deceiving. ZH has
Samples Confirm Corexit Ingredients In Gulf Spill Area Far Above Toxic Concentrations "
In short, the Gulf is being poisoned by BP's usage of the dispersants even after the EPA asked them to stop back in May." Of course we all know about the bleached sand and topping beaches with fresh sand, right? Maybe the fact that
Over 1,500 oil cleanup workers sickened says BP’s lead doctor in Gulf (VIDEO) is reason enough to close down the beaches (but we can't do that in the name of commerce).
So there you have it. Just a few examples of the ever growing and expanding socialist state we are living in. All of this was from today's news. Simply amazing what can happen when the government becomes a run away freight train and starts plowing over individual rights when THEY attempt to DEFINE what is in YOUR best interest. We are losing our rights at a rapid pace and this financial crisis, the oil spill and the wars we are fighting are all being used to expand the power of the state over us. We need to wake up before all freedom is lost.
GL and thanks for the views.
