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Monthly Archives: August 2013

UNCLE ScAM

Check out the folly in accounting. Perhaps more than folly as the title suggests…

Infograph

Perhaps the missing money ended up here:

 

[youtube://http://www.youtube.com/watch?v=FfkZ1yri26s 450 300] [youtube://http://www.youtube.com/watch?v=ynTUL2zTQMg 450 300]

 

 

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CHRONIC HISTORY

[youtube://http://www.youtube.com/watch?v=bwc9pBSsr7k 450 300]

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100 Miles of Fascism

[youtube://http://www.youtube.com/watch?v=lq0B1bdk6PU 450 300] [youtube://http://www.youtube.com/watch?v=Pa525QD-tbs 450 300]

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Busting Popular Myths

[youtube://http://www.youtube.com/watch?v=ptDd9ftNaq8 450 300]

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KASHMIR

[youtube://http://www.youtube.com/watch?v=sfR_HWMzgyc 450 300]

Farvahar001

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Have Uncle Sam and the State Pay Your Debts

“……”Chap 48, 48 Stat. 112” is the Remedy

Since the Federal Government took away the gold coin money in 1933, thus causing the States to suspend operations by preventing them from honoring their obligation to pay their debts in gold and silver coin, then there had to be a remedy. “Chap 48, 48 Stat. 112” is the remedy, not just for the States, but also for the sovereign men and women who created the States. Until gold and silver coinage is reinstated in sufficient quantities for general circulation, that remedy cannot be repealed. Congress may have repealed some parts of “HJR-192”, or even all of it, because “HJR-192” is merely a resolution for Congress and its subjects. However, the true remedy is provided to the people by Public Law: “Chap 48, 48 Stat. 112”.

Until Lawful Money Returns, the Remedy will ALWAYS be there

Until the State Governments come out of suspension, by the Federal Government’s placing sufficient quantities of lawful money into general circulation, your remedy, pursuant to “Chap 48, 48 Stat. 112” cannot be repealed and will continue to be there. The remedy of the subjects/citizens found at “HJR-192” might not be there because their remedy is nothing but a resolution, but the remedy of the sovereign found at Public Law: “Chap 48, 48 Stat. 112” will still be there because a sovereign’s remedy is Public Law.

If, as many uninformed sovereigns claim, the promise that the Federal Government will pay your debts, dollar for dollar, is no longer valid, then these sovereigns have no basis for claiming their remedy by using the 1099-OID process for the refund of out-of pocket funds expended to pay their debts. Either (1) you believe that the Federal Government repealed your remedy, and therefore, there is no 1099-OID refund process available to you, or (2) you believe the Government has an obligation to pay your debts, dollar for dollar, and therefore, the 1099-OID process for a refund is your remedy and you can use it to recover the funds you expended to take care of your debt obligations. You can’t believe your remedy has been repealed, and then try to claim your remedy by asking for a refund using the 1099-OID process….”

Full article

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A Public Service Announcement for All $GOOG Chrome Users

Have not checked on  the claims here, but perhaps you should be aware of the possibility:

“Daniel G. J.
PrisonPlanet.com
August 17, 2013

One of the most popular features of Chrome is its ability to store passwords. That way they pop up automatically when you go to a function like email or Facebook. Elliot Kember, a software developer, discovered that anybody who clicks on the Chrome settings icon can see all of the passwords on that computer if he or she goes to the show advanced settings and passwords and forms sections.

The passwords are obscured, but clicking next to them causes them to appear in plain text. The text can be easily copied and emailed or seen by anybody that uses the computer. That means it would be easy for a hacker or malicious stranger that opened a computer with Chrome on it to see all of your passwords.

What’s really disturbing is that the head of Chrome development at Google, Justin Schuh, told The Guardian that he knows all about the flaw…..”

Full article 

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Hindenburg Omen Reaches Highest Levels Since 2008 Crash

“Are we heading for a major stock market decline?  Warnings about a crash of the financial markets are quite common these days, and usually they don’t materialize.  But this time may be different.  A number of top analysts are pointing out the fact that the biggest cluster of “Hindenburg Omens” has appeared since the last stock market crash.  And those that have studied this insist that the more “Hindenburg Omens” there are in a cluster, the stronger the signal is.  Meanwhile, another very disturbing sign is the fact that the yield on 10 year U.S. Treasuries is starting to soar again.  On Tuesday it shot up from 2.62% to 2.727%.  As I have written about previously, the yield on 10 year U.S. Treasuries is the most important number in the U.S. economy right now.  If that number continues to rise, it is going to be very, very bad news for the financial system.

But before I discuss rising interest rates any further, I want to talk about this unusual cluster of Hindenburg Omens that we have just witnessed.  In a previous article, I shared a list of the criteria that are commonly used to determine whether a Hindenburg Omen has appeared or not…

1. The daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.

2. The smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.

3. That the NYSE 10 Week moving average is rising.

4. That the McClellan Oscillator ( a market breadth indicator used to evaluate the rate of money entering or leaving the market and interpretively indicate overbought or oversold conditions of the market)is negative on that same day.

5. That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs).

When the Hindenburg Omen makes an appearance, it is supposedly a signal that the U.S. stock market will likely experience a significant decline within the next 40 days.

But of course this has not always happened when a Hindenburg Omen has appeared.  However, what we are seeing right now is a highly concentrated cluster of Hindenburg Omens.  According toSentimenTrader’s Jason Goepfert, the last time such a cluster appeared was before the last stock market crash…

Sometimes a topic in the market takes hold and it’s hard to shake it off. One of those is the technical “market crash” signal called the Hindenburg Omen.

It has its boosters and its detractors, and we’re not going to get caught up in debating its merits. We’ve discussed it for 12 years, always with the same arguments.

On June 10th, we outlined the market’s historical performance after suffering at least 5 signals from the Hindenburg Omen within a two-week period. Stocks were consistently weak afterward, and proved to be so again, at least for a while.

With the latest market rally, the Omens are flaring up again.There have been 5 Omens triggered out of the past 8 trading sessions (your data may vary—we’re using the same sources we’ve always used for historical data). That’s actually the closest-grouped cluster since early November 2007.

It’s extremely rare to see as many Omens occurring together as we’ve seen over the past 50 days. The last time was prior to the bear market in 2007.

The time before that was prior to the bear market in 2000.

Will the pattern hold up this time?

We’ll see.

But without a doubt we have been witnessing some very unusual activity in the markets over the past couple of weeks.  In fact, according to Tyler Durden of Zero Hedge, we have now seen a Hindenburg Omen occur five times in the last seven trading days…

For the 5th time in the last 7 days, equity market internals have triggered an anxiety-implying Hindenburg Omen. Based on our data, this is the most concentrated cluster of new highs, new lows, advancing/declining based confusion on record. The last few occurrences have not ended well (though obviously not disastrously) but as the creator of the ‘Omen’ notes, the more occurrences that cluster, the stronger the signal.

But the Hindenburg Omen is not the only sign that a stock market crash may be coming.  Marc Faber, the publisher of the Gloom, Boom & Doom Report, says that the markets are repeating the exact same patternthat we saw just before the stock market crash of 1987…

“In 1987, we had a very powerful rally, but also earnings were no longer rising substantially, and the market became very overbought,” Faber said on Thursday’s “Futures Now.” “The final rally into Aug. 25 occurred with a diminishing number of stocks hitting 52-week highs. In other words, the new-high list was contracting, and we have several breaks in different stocks.”

Faber says that’s exactly where we find ourselves this August.

Faber is projecting a stock market decline of “20 percent, maybe more” in the month ahead.

Meanwhile, as I mentioned at the top of the article, the yield on 10 year U.S. Treasuries shot up to 2.727% today.  The Federal Reserve is starting to lose control of long-term interest rates, and the only way that Fed officials are going to be able to get control back is to substantially raise the level of quantitative easing that they are doing, but of course that would create a whole bunch of other problems.

For now, the Fed keeps dropping hints that “tapering” is coming.  But if the Fed does “taper”, there might not be any support for bond prices from the private sector.  BAML credit strategist Hans Mikkelsenrecently detailed why this is the case…

Since the financial crisis, Treasuries have been supported by numerous types of investors, including mutual funds/ETFs, banks, [emerging market] central banks and the foreign official sector (in addition to the Fed of course). However, these four sources of Treasury demand are unlikely to support the market in the short term going forward.

First, with continued outflows from non-short term high grade bond funds, money managers are unlikely to provide support for Treasuries any time soon.

Second, with increasing loan demand reducing the need for banks to support profitability by buying Treasuries, as well as significant mark-to-market losses in [available-for-sale] portfolios that in the future will count against capital, banks are unlikely to add long-duration assets in a rising interest rate environment.

Third, in light of continued depreciation of [emerging market] currencies, it appears unlikely that [emerging market] countries are experiencing inflows that need to be reinvested in Treasuries.

Finally, custody holdings of Treasuries continue to decline, suggesting foreign official sales of Treasuries.

If the yield on 10 year U.S. Treasuries continues to rise sharply over the coming months, that could potentially cause the 441 trillion dollar interest rate derivatives bubble to implode.  As John Embry recently told King World News, that would be “disastrous” for the global financial system…”

Full article 

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Global Empathy

[youtube://http://www.youtube.com/watch?v=qLWgv5Vev0k 450 300]

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Poppies

[youtube://http://www.youtube.com/watch?v=CZo1sXsC-68 450 300]

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Facebook Teams Up With $OPEN Table

The next time you visit a restaurant’s Facebook page on your mobile phone, you’ll be able to do more than browse photos and posts: You’ll also be able to book a table for four.

The feature is part of a new integration with OpenTable, which allows you to make online reservations at about 20,000 U.S. dining establishments. Beginning later this week, the booking service be available on Facebook’s mobile site and newly updated apps for iOS and Android (see below screenshot, left).

Read More from mashable 

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Wag the Dog

[youtube://http://www.youtube.com/watch?v=HlmRk1gMVpA 450 300]

!cid_2_156760781@web162704_mail_bf1_yahoo

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The Next Boogeyman Terrorist Attack

[youtube://http://www.youtube.com/watch?v=XQFfhqUBacg 450 300] [youtube://http://www.youtube.com/watch?v=UqlsVZ1zxMk 450 300]

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Shrinking Trade Deficit; Good or Bad ?

“All those counting on a weaker dollar and rising U.S. corporate profits will be doubly surprised.

That the U.S. trade deficit shrank to $34 billion in June is being presented as good news all around (no surprise there, as all news is presented as good news). The petroleum boom in the U.S. has pushed oil imports down by over $2 billion a month to $10 billion/month, and non-petroleum trade generated a deficit of $37 billion/month, down $5 billion.

Slowing imports and modestly higher exports are being presented as reasons for stronger GDP growth going forward. Oil Boom Helps to Shrink U.S. Trade Deficit by 22%.

Nice, except nobody is talking about the negative consequences of a shrinking trade deficit on U.S. corporate profits. The financial media doesn’t talk about this because it doesn’t understand the connection, which is based on Triffin’s Paradox, a dynamic I have discussed in depth a number of times:

The basic idea here is that the world’s reserve currency must expand to meet the needs of global trade. Most commentators view the U.S. dollar through the prism of the domestic economy: Federal Reserve money-printing increases the supply of dollars, depreciating its value, and this policy is intended to competitively devalue the dollar to increase U.S. exports.

Here’s the heart of Triffin’s Paradox: Triffin’s Paradox: when one nation’s fiat currency is used as the world’s reserve currency, the needs of the global trading community are different from the needs of domestic policy makers.

Understood in this light, rising U.S. trade deficits in the 1990s and 2000s were required to provide enough dollars to lubricate rising global trade:

 

Trading nations need dollars to lubricate trading and as foreign exchange reserves that bolster the value of their own currency and provide the asset base for the expansion of credit within their own nation.

What does a declining trade deficit mean? …”

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A Word From Ron Paul

[youtube://http://www.youtube.com/watch?v=Nl2XPU0N2dE 450 300]

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Behold The Irony

[youtube://http://www.youtube.com/watch?v=WwkeWY6vNzc 450 300]

imgpress

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