Afternoon Delight 01/03/12 - Back In The Saddle Again

Let's get the ball rolling. STB is pumped to be back doing the AD's as they are something that I actually look forward to writing each day. Something about hammering the establishment and those in the central planning cabal really invigorates me. Remember this is STB's year of involvement meaning you need to get the word out to friends and family about the truth. Don't be afraid or sheepish, now is the time to be direct and blunt. We are out of time and the more in the know (stop them from being brainwashed by the MSM) the better.

Market News - 

From the nuff said files - US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP, $14 Billion From Breaching Debt Ceiling | ZeroHedge. Of course in a centrally planned global economic situation nothing can go wrong no matter how big your debt is, so this is no big deal. Debt serfdom is a good thing right? Now move along and be good little sheeple.

But debt is not a problem. How could it be? Well, see for yourself what governments are facing this year in maturing debt that will have to be refinanced. "Remarkably, rolling over US debt is unlikely to be a problem. The same cannot be said for Japan. Because of demographics, pension plans will be net sellers of Japanese bonds. Unless balance of trade or tax revenues increase enough in 2012 Japan will not be able to roll this debt over at 1%. A rise to 3% would consume nearly off of Japanese revenues." Mish's Global Economic Trend Analysis: World’s Biggest Economies Face $7.6T Debt Led by Japan $3 trillion, U.S. $2.8 trillion; Rollover Problems in Japan and Europe.



So, my real estate friends that can't quite grasp that there is this thing called shadow inventory (and a LOT of it), take a gander at this lovely post. "If he’s even partially correct then congratulations, Wall Street; we’ve reached a place where the foreclosures would cause Housing Armageddon. Where the middle-class itself has become Too Big To Fail."" "Michael Olenick: Is Shadow Housing Inventory Vastly Larger Than Widely Believed? « naked capitalism (h/t Jena Marie)

You own a small business? You know the type that keeps America running and people employed so they can pay taxes and keep this country moving along? You got a credit line with BAC? Well, I mean, you HAD a credit line with BAC. Bottom line is this fits with STB's theory that the banks know what's coming. they know the financial Armageddon that will be and are acting proactively to get back what they can before the shit hits the fan. "Bank of America Corp., under pressure to raise capital and cut risks, is severing lines of credit to some small-business owners who have used them to stay afloat. "The Charlotte, N.C., bank is demanding that these customers pay off their credit line balances all at once instead of making monthly payments. If they can't pay in full, they are being offered new repayment plans for as long as five years, but with far higher interest rates than their original credit lines had." Bank of America severing some small-business credit lines - Wire - NewsObserver.com

STB really enjoyed this 5 part video series explaining how and where market manipulation originated, thru why JFK was assassinated to keep the Fed alive thru the intervention today that is the PPT (Plunge Protection Team). My conspiracy friendly readers will be locked into this post. Presenting The Exchange Stabilization Fund In 5 Parts: Is This The Real "Plunge Protection Team"? | ZeroHedge

Speaking of who controls this mess, why don't we take a deeper look at who CAUSED this mess, "Given that many in Congress and top government posts are multi-millionaires, the study might help explain why politicians seem only to work to make themselves wealthier and to help their wealthy buddies." Psychopaths Caused the Financial Crisis … And They Will Do It Again and Again Unless They Are Removed From Power - Washington's Blog

Presidential Election - 

The Drudge Caucuses are open. Go vote for your favorite. My candidate, Ron Paul, is kicking butt right now. Of course that is only "internet voting" and all that mess. this is not real. The internet is not real and what happens here is not real. How bout the fact that they have to take Tonight’s Iowa Vote Count To Take Place At Secret Location Alex Jones' Infowars. Nice! That sure gives me a warm and fuzzy feeling.

You know they can't let Ron Paul win. HE'S DANGEROUS! OOOOOH, the presidential boogeyman! "The Ministry of Propaganda has chosen to suppress the only dangerous-to-the-Power Elites candidate by declaring him "unelectable."" The Ministry Of Propaganda Declares Ron Paul "Unelectable" | ZeroHedge

WWIII - 

""Iran will not repeat its warning ... the enemy's carrier has been moved to the Sea of Oman because of our drill. I recommend and emphasize to the American carrier not to return to the Persian Gulf," Salehi told IRNA." World News - Iran warns US carrier to stay out of Persian Gulf. False flag or not, I got a feeling that we're gonna blow Iran back into the stone age one way or the other. You know what's nice about Ron Paul as a candidate? He'd let congress decide and not the UN or the ruling elitist cabal.

Obummer Bashing - 

Today on Twitter some moron was tweeting obummer supporting notes that really irritated me. "What a fool" I replied to one. Touting no lies and this and that. Give me a friggin break. You Obummer supporters need to get a real reality check. Try this post on for size - all facts and no lies - unlike our fearless leader. This man is crushing America.

"During "the Obama Nation", the federal government has already accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office." The Obama Nation: Even More Debt And Even More Store Closings

Police State - 

This is one list I want all my readers on - "According to the FBI, over 1.5 million background checks on customers were requested by gun dealers to the National Instant Criminal Background Check System in December. Nearly 500,000 of those were in the six days before Christmas." Americans buy record numbers of guns for Christmas - Telegraph

But of course gun control is coming (and in a big way), so why not work on the manufacturers while they are at it. You know, slow down the supply side? "He noted that ATF once issued a letter ruling saying a 14-inch shoestring was a machine gun because it could be used to convert a semi-automatic rifle into an automatic weapon. The letter was later rescinded." Gun makers baffled by ATF criteria - Washington Times

So, how bad are things getting? You read about it all the time, how our children are being taught to fear the police and not see them as those designated "to protect and serve." Charlton Library Sends Police To Collect Overdue Books From 5-Year-Old CBS Boston  "Hailey asked her mom if the police were going to arrest her. Hailey says, “I was scared.”"

Chart of the Day - 

Call it a hunch, but look at this chart and note me an instance where an uptrend has not continued all the way to an FOMC meeting? Nough said. January 24th and 25th are the magic days. That little red circle is a pretty good target at double resistance making a double top which will have nasty divergences in the daily indicators. If the markets fail before then (like they look like they want to), it will be a dramatic turn of events showing the market's mentality changing from hope of stimulus to disbelief in the Fed's powers ( which is impossible in the centrally planned environment).

GL and GB!