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Monthly Archives: October 2013

Out With the Old and In With the New Constitution Proposed by the Obama Administration

Grain of salt needed here, but interesting none the less…..

Source: Charles Hugh Smith http://www.oftwominds.com/blog.html

“October 10, 2013

The U.S. Constitution leaves too many areas open to interpretation; a New Constituion of 2,300 pages (+ 200 redacted secret pages) is the solution.

The Obama Administration has proposed replacing the current U.S. Constitution (4,543 words, including the signatures) with a 2,300-page “new Constitution” that in the words of an administration spokesperson, “clears up the gray areas in the current Constitution.”

The proposal was launched after the success of two recent 1,000+ page pieces of legislation, the Affordable Care Act and the Dodd-Frank financial reform act.

An additional 200+ pages of the “new Constitution” are redacted due to the sensitive nature of the National Security-related amendments.

Lobbyists from key industries were invited to contribute amendments to the new Constitution;” constitutional legal experts were also invited to submit improvements to the current law of the land.

Some critics who have reviewed the 2,300 pages of the proposed “new Constitution” have stated that the document is impenetrable even to those with law degrees. Average citizens “will be unable to understand the laws that govern their lives.”

Other observers note that the complexity and length of legislation such as the Affordable Care Act and the Dodd-Frank financial reform act are already beyond the comprehension of all but a handful of experts.

An administration spokesperson defended the proposed re-write on the grounds that “the new Constitution will provide the clarity that people want in their Constitution.” ”

Full article

[youtube://http://www.youtube.com/watch?v=11OhmY1obS4 450 300]

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Yellen + GOP Grace = Full Retard Rally

After smellin’ Yellen all week for fed chair and surmising she will be dovish; the markets rejoiced full retard mode when news came out earlier today that the GOP will offer a raising of the debt limit. If the president agrees to the proposal it will only stave off any potential short term default and will not reopen government until serious talks resume in the current standoff.




Art Cashin on today’s rally 







[youtube://http://www.youtube.com/watch?v=l5oWzB4Xgzw 450 300]

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On the Matter of the Capitol Hill Lynching

If this testimony is true, then we have a modern day lynching passed off as a proud event full of honor and valor.

One could and should have shot out the engine, tires, and or tried to subdue the driver once they secured the child. What need was there to open fire on a unarmed woman?

[youtube://http://www.youtube.com/watch?v=cGHzE9ie-M8 450 300]

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Anyone for Ping Pong?

[youtube://http://www.youtube.com/watch?v=KVloaB5_J1k 450 300] [youtube://http://www.youtube.com/watch?v=MB2f6-U72Zk 450 300]

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Twitter Gets an Upgrade, Buy Rating, and a $50 Price Target Despite Not Having Traded a Share

“It has been only four days since Twitter first took the wraps off its initial public offering prospectus. But that hasn’t stopped Robert Peck from setting a high $50-a-share price target on the still-private social network.

Mr. Peck, of SunTrust Robinson Humphrey, was the first research analyst to set a public target on Twitter’s not-yet-public stock. But by the time the regulatory filing came out, he had already conducted what he described as several months’ worth of work: talking to industry contacts, marketers and others.

Still, going first wasn’t the aim, he said in an interview.

“It wasn’t the main reason we did it, but it was a nice sort of benefit,” Mr. Peck told DealBook.

Instead, he wanted to use what even he would concede was limited information to decide whether Twitter was a worthwhile investment. What he concluded was unambiguous: His note set a $50 price target for Twitter, more than double the $20.62 at which the company itself valued its stock in August. That would value the company at around $31 billion on a diluted basis, up from nearly $13 billion now.

For Mr. Peck, the decision was based on the sense that Twitter had room to grow. Despite recording a net loss for the 12 months through the end of June, the company has been spending significantly on new tools like Vine, a short-video platform, and MoPub, a big advertising exchange.

“It reminds me of Facebook when they had just rolled out a bunch of new products that hadn’t shown up in the financials yet,” he said in the interview. “I like to see those investments in the platform.”

In his note, Mr. Peck argues that Twitter is a unique platform that isn’t quite like Facebook. Instead, it lets users broadcast their interests, 140 characters at a time, while also conversing with others. And it supplements other media like TV, as users comment on TV shows like “Breaking Bad” in real time.

The research note concedes that Twitter’s future is hard to determine…..”

Full article


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Wakey Wakey

“He who passively accepts evil is as much involved in it as he who helps to perpetrate it. He who accepts evil without protesting against it is really cooperating with it” ~ MLK

[youtube://http://www.youtube.com/?v=TAozKx95N9w 450 300] [youtube://http://www.youtube.com/watch?v=B1T8xgHdMEM 450 300]


[youtube://http://www.youtube.com/watch?v=UmNV8_VBGX0 450 300]


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$ADBE Gets Hacked; Millions of Users Compromised

“A security breach targeting the source code used by software giant Adobe has compromised the information of nearly three million customers, the company confirmed this week.

Brad Arkin, Adobe’s chief security officer, announced in a blog post Thursday that a sophisticated cyber attack on the company’s network caused the source code for numerous programs to be illegally accessed by hackers, as well as the personal information of millions of Adobe users.

Founded in 1982, the Silicon Valley company is known for an array of products, including the PhotoShop editing software and the PDF, SWF and FLV file formats.

According to Arkin, Adobe believes the attackers pilfered customer names, encrypted credit and debit card numbers, expiration dates, and other information related to customer orders pertaining to roughly 2.9 million Adobe clients.

Arkin said the company does not believe the attackers accessed decrypted information, but stopped short of confirming that plain-text data wasn’t compromised.

We’re working diligently internally, as well as with external partners and law enforcement, to address the incident,” he said.

He also stated that the theft of customer data and the source code for numerous Adobe products was likely related.

Brian Krebs, a well respected security researcher and former Washington Post reporter, acknowledged that he stumbled upon a 40 GB trove of Adobe source code around one week ago on the same server thought to be used by the hackers behind other recent major compromises. Krebs said that the source code pertained to Adobe’s ColdFusion and Acrobat software, which would suggest that hackers have obtained the blueprints for some of the company’s most widely used products.

Hold Security, a firm that worked in conjunction with Krebs, said that “This breach poses a serious concern to countless businesses and individuals.”

If hackers have been able to access Adobe source code, they could theoretically be able to analyze that information and engineer malware that exploits vulnerabilities and compromises the security of several million users, experts fear.

Effectively, this breach may have opened a gateway for new generation of viruses, malware, and exploits,” Hold Security said in a statement….”

Full article

How serious is the hack?

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Documentary: The Art of Deception

The Art of Deception

[youtube://http://www.youtube.com/watch?v=NAmGnyj0u7E 450 300]

Black 911 Money

[youtube://http://www.youtube.com/watch?v=yJDFHd5eEzw 450 300]

images (25)

[youtube://http://www.youtube.com/watch?v=DVL4IAKA9Lc 450 300]

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Bow Tie: “Be Careful… You’re In A Fool’s Paradise”

Jim Rogers has a two-word message for U.S. investors: “Be careful.”

“The U.S. is the largest debtor nation in the history of the world,” Rogers told CNBC.com Wednesday night by phone from Singapore. “We may well have a big, big rally in the U.S. stock market, but it’s not based on reality. I would encourage investors to know you’re in a fool’s paradise, be careful, and when people start singing praises, say, ‘I’ve been to this party before, and I know know it’s time to leave.'”

For Rogers, the author of “Street Smarts: Adventures on the Road and in the Markets,” it is only a matter of time until the U.S. stock market runs into devastating problems due to the Fed’s quantitative easing program and the prevalence of similar stimulative programs around the world.

“First of all, throughout American history, we’ve always had slowdowns every four to six years. That means that sometime in the next couple of years—three years, maximum—we are going to have problems again, caused by whatever reason,” Rogers said. “For instance, there was 2001 and 2002, and then 2007 and 2009 was much worse. Well, the next time it’s going to be worse still, because the level of debt is so, so, so much higher. Every country is increasing its debt at the same time.”

Stimulative measures by central banks, such as the purchasing of assets with created money, boost asset prices in the short term. But Rogers said that central banks can only do so much….”

Full article

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Twitter Files for IPO; Looking to Raise a Billion

“Twitter has just filed for its long-anticipated IPO. The company is looking to raise $1 billion in this initial offering, which is set to mint many millionaires among shareholders and founders like Ev Williams, Jack Dorsey and Biz Stone. Currently, the filing does not list a valuation, and sources are saying that’s because they have yet to determine one.

Twitter’s revenues have been revealed for the first time, as well. Revenues for 2012 were $316.9 million, for a loss of $79.4 million and in the first half of 2013 they’ve already earned $253.6 million for a loss of $69.3 million. That’s just above estimates from last year but well below tracking of over $600 million for the year. Overall, Twitter has lost $418.6 million since it began.

Twitter will be offering up 472,613,753 shares of stock in this initial release. Twitter says that it currently has 218.3 million monthly active users, and those users have created over 300 billion tweets. That MAU number is significantly lower than many had expected at this point as they announced that they had 200 million MAUs in December. Twitter says that it delivers over 200 billion tweets per day.

Twitter says that 75 percent of its MAUs access the service from mobile devices (that’s 161.25 million) and that 65 percent of all of its ad revenues come from mobile. This marks a big contrast to Facebook, which had no revenues in mobile at all when it filed for IPO.

Twitter says that in the second quarter of 2013 there were approximately 30 billion ‘online impressions’ of tweets…”

Full article


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CME Hikes S&P 500, Dow Jones, Nasdaq E-Mini Margins By 9%

“Remember when the CME and the administration punished speculative gold longs in 2011, and crude longs in 2012 by hiking or warning to hike margins beyond the breaking point for levered holders of futures contracts? It works for stocks as well. Last night, the CME may have taken Obama’s warning to the market a little too seriously, and announced a hike in the core E-Mini futures contracts of about 9% ….”

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