Sunday, November 3, 2013

THE 800 POUND GORILLA

Can the 800 pound gorilla in the room  defy nature/gravity and walk the tightrope into solid growth and recovery? Stay tuned for the Flying Bernankies and their death defying act. Having navigated through a global collapse in 2008 with a massive printing surge of tens of trillions of dollar printing and flooding bank reserves around the globe with greenback funny money, the gorilla in the room prepares for its next act....and this one is a doozy. Can a global consumer riddled with debt and collapsing individual income and job availability stage a solid recovery in the face of structural reforms that were never addressed by the Western countries involved? 

So here we are with the ultimate conundrum. How do we load a consumer that is flat A$$ broke with even more debt to propel a flagging GDP? AND if we were able to mount some type of growth then how in God's green earth would we be able to maintain the low interest rates to maintain the illusion that we can carry the insurmountable debt that we've created to arrive at this point? Perhaps the tight rope is around our necks instead of under Ben's feet.

So, in fact, instead of a recovery we've actually put the rope much higher for the Fed to cross AND much tighter now around our necks......probably not a good crossroads to have reached. Maybe we can maintain the illusion that we're "almost there"....and "just don't look down. Sheep like to follow and in this case I see nothing to change that fact of nature. THEY will follow.....and they refuse to look down like all good sheep. Warnings abounded in 2007 while the rope was raised and the sheep kept following without breaking rank. "THIS TIME IS DIFFERENT".  "PIGS DO FLY". Enjoy the next act....just don't look down.

http://www.kitco.com/news/video/show/on-the-spot/465/2013-11-01/GATA-Addresses-CPM8217s-Allegations









92 comments:

  1. scroll to 1:30

    http://www.youtube.com/watch?v=3uUCuDf9l-o#t=5782

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  2. kliguy, first time caller long time listener. This blog really gets interesting when the fireworks get lit. In the spirit of devil's advocate, the economy is what it it is for that person. In reality it is very tough out there but it varies for everyone. Some seem to be a little more insulated than others but the treadmill is definitely getting steeper.

    What I have noticed lately is that housing is still hot in cities with jobs for the educated, however it is amazing the prices that houses are still selling for. What I have noticed is not only hedgies buying up houses, but wealthy Chinese, I guess that's what happens when you ship jobs/manufacturing overseas for decades, this is anecdotal but I don't hear of Americans buying expensive homes with cash.
    At the same time H1Bs lower the wage playing field with other factors such as selling citizenship for 1/2 a mil, why is there only competition here but monopolies everywhere else?

    Thanks for all the information that you post. To reciprocate, two great books I have read that read like Tom Clancy novels were 'Gold Warriors: America's Secret Recovery of Yamashita's Gold" and "Compromised: Clinton, Bush and the CIA" '

    The truth will set you free but it will also make you miserable.

    Cheers.

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  3. So true old hickory. Best to stay in the dark...on the trading scene, Twitter should be a great short for a while.

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    Replies
    1. On the flip side ignorance is bliss but will leave you unprepared from the likes of the central planners who want total control of EVERYTHING. I can never time options right but regarding PM's and the latest attacks on Sinclair, I think back to the wizard of Oz. Wouldn't a gold standard put us back in the same situation since the banks seem to own and control most of the gold?

      Where the yellow brick road represents gold and it ends up at the wizard behind the curtain which represents the Federal Reserve, the scarecrow represents the farmers, the tin man industry, and the silver slippers silver, do you place your bet on gold and ride the PTB's coattails or bet your money on the people and buy silver?

      http://www.usagold.com/gildedopinion/oz.html

      Delete
  4. Speaking of an 800lb Gorilla......

    http://beforeitsnews.com/health/2013/11/u-s-government-may-force-doctors-to-accept-obamacare-and-medicare-patients-eventually-at-gunpoint-2510616.html

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  5. http://www.zerohedge.com/news/2013-11-04/factory-orders-ex-transports-decline-second-month-core-capex-orders-drop-72-annualiz

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  6. Guess the miners are slow.....

    http://www.zerohedge.com/news/2013-11-04/who-said-it-you-can-measure-americas-bottom-line-looking-caterpillars-bottom-line

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  7. yeah......its all a zombie economy......runnin' on empty..........

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  8. today's post is prescient

    http://www.zerohedge.com/news/2013-11-04/jpm-warns-biggest-risk-bull-market-growth

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  9. Come on MUX, get off the mat!

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  10. who said all miners are dead???? hehehhehe

    http://stockcharts.com/h-sc/ui?s=SBGL&p=D&yr=0&mn=6&dy=0&id=p64041534385&a=305668401&listNum=1

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  11. Bought a few GLD weekly puts as a hedge... not liking this action. Hopefully I'm dead wrong.

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  12. Hmm. Lots (but certainly not all) of my miners closed up in spite of the drop in PM prices.

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  13. http://finance.yahoo.com/news/apple-bringing-thousands-jobs-arizona-004922744.html

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    Replies
    1. Is the plant going to open before or after they pass the Dream Act? Hehehehe..... Sorry couldn't resist! Anyway its a token start, wake me up when they bring the whole Foxconn operation home.

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    2. It would be interesting to see how many jobs they have overseas as compared to here and why does Apple feel the need for all it's tax shelters overseas? A lot of these big companies use our infrastructure but don't want to pay taxes on any profits, why is that?

      Delete
  14. Let go of the GLD Puts at a slight loss since they were for overnight hedge only. Market doesn't know what to do when i'm betting both ways so it's flat ;)

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  15. GS and JPM hard at work this AM as ECB meeting coming up on Thurs. Maybe shoulda kept the puts Hubz?

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    Replies
    1. Ehhh too risky with weeklies. If those don't move in your favor within a day I think it's best to dump them.

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    2. Yuck my MUX calls are likely to expire worthless. What is wrong with that stock? Worrying me as it's falling much harder than others and with no respite.

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    3. Hubz didn't you read the memo, no playing in the miners sandbox!

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    4. No kidding, got to be more nimble. Seems like there's always another dip to be bought after a run up.

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  16. grinding out the miner trade to shake the last weak holds and to freeze out the leverage........simple reason for it........"it works"

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  17. AAPL is just another parasite in the corporate shark pool........they're using what is "given" them through a series of "global trade initiatives"..........that benefit........well let's just say not the working stiff stateside......hehehehehehehehehehehehehe.........and many of the "working stiffs" supported their own demise.........now they have nice clean "retail" clerk jobs paying 1/3 of their manufacturing jobs......"I got mine, now you get yours".........as Red has made clear. We are just in the final stages of the last strips of meat being pealed off the sheeps bones.....shouldn't last much longer.

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    Replies
    1. But the Apple Store's are really cool........

      Delete
  18. http://www.rickackerman.com/2013/11/remembering-why-we-hold-gold/

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  19. Gonna resolve one way or another soon. This range is tight right now and volume is pathetic.

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  20. this ones resolving the way I hoped

    http://stockcharts.com/h-sc/ui?s=SSRI&p=D&yr=0&mn=6&dy=0&id=p47306078752&a=242315566&listNum=1

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  21. Amazing how you manage to turn anything and everything into a negative. It sure as hell beats 0 jobs or -2000 jobs, doesn't it? These are good jobs, well paying manufacturing, research, and engineering jobs which will indirectly create thousands of other jobs. But no, if the story has no doom component to it, let's just mock it and dig real hard to find something wrong about it.

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    Replies
    1. Ibud - get real. Here is a typical day for job cuts:

      October 25 , 2013
      Long Island College Hospital - 500 Layoff Notices
      Denver Post - 6
      Electrolux ( International ) - 2,000
      LexisNexis Legal & Professional - 205
      General Electric Salem VA Plant - < 20
      SpinMedia - 30
      SpinMedia,
      Drury University - < 10

      http://www.dailyjobcuts.com/layoffs-oct.htm

      Delete
    2. Bud, I am cynical, it's hard not to be. Everyday it's something new and it's hard to be shocked anymore. I am glad you are trying to look at the bright side because we all need that now, but it's hard to ignore the gaping holes in the dike with all that's going on, it's been a slow motion contained collapse for a while now. Propaganda is officially legal again. I guess I am a macro guy. If "they" don't like the stats, "they" just change how the stats are interpreted. As a nation, we probably have around 20+% unemployment.

      To your point, at least they are good taxpaying jobs as opposed to temp service sectors jobs which rely on the taxpayer to pick up the slack. Yeah I guess adding a couple 1000 jobs is good, but look at the big picture of what this particular company has been doing for years. So you have to ask why here why now. Henry Ford knew that if no one had jobs to pay for his cars, he would have no one to sell his products to. Parking capital overseas to avoid paying taxes where you conduct business to boot.

      Delete
  22. Hmmm miners are waking up a bit here.

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  23. quite devious..... but it works everytime

    http://stockcharts.com/h-sc/ui?s=SLW&p=D&yr=0&mn=6&dy=0&id=p59319699746&a=247117006&listNum=1

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  24. What about these 3D printers? Just saw a Catherine Austen Fitts interview about fabrication...own a little DDD and SSYS may be good on pullbacks as well....

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  25. shocking...hehehehheeheeh
    http://www.zerohedge.com/news/2013-11-05/lakshman-achuthan-confirms-us-still-recession

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  26. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/5_60-Year_Market_Veteran_-_People_Missed_2_Amazing_Charts.html

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  27. Here you go Outlet, list of some of the companies adding jobs, conveniently ignored by you.

    http://www.dailyjobcuts.com/jobs.htm

    Old hickory, have you seen the movie "The Shawshank Redemption"? One of my all time favorites, and has this great quote:

    "Hope is a good thing, maybe the best of things, and no good thing ever dies."

    So I like to focus on good news, anything positive, and hope that we get thru these rough patches. I hope the PTB manage a soft landing, I hope my paper accounts don't get wiped out, and I hope life goes on. Doesn't mean it's a Pollyanna way of thinking, I'm fully aware of the problems and challenges facing this country, I just don't want Kli to get his wish because then we're in deep trouble.

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  28. I do not have a "wish" bud that we go into the jaws of hell and if you post that garbage again i will take you to task for it. I have repeatedly said that i hope that somehow the PTB muddle through and we reach the other side intact. You are welcome to use the Shawshank movie as an analogy but I wonder if you missed the main message of the movie.......apparently it went right over your pointed head.....;-)

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    Replies
    1. Guess he missed the part illustrating the Corrupt System, Abuse of the Innocent, Abuse of Power and down right sadistic nature of those in charge drunk with power ect... you know similar to what's going on now but hey there's always hope......

      "Lord save us all from a hope tree that has lost the faculty of putting out blossoms. " - Mark Twain

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  29. BTW bud..........and I am serious.....you can take a nice college course in statistics....or audit it maybe....it would really help...and Logic courses in college are excellent ways to augment critical thinking if you apply yourself.......think about it.

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  30. Looks like the food fight is still going on.

    I "have hope" that SVM will do well, but I am concerned that it will be heading back to the ICU. It looks like the brief pattern of higher highs & higher lows is breaking down and a Head & Shoulders pattern is developing.

    "old hickory"--please keep posting!

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  31. Just in case we didn't know: http://www.bloomberg.com/news/2013-11-06/brent-crude-traders-claim-proof-bfoe-boys-rigged-market.html
    Wonder whether anything will come of THIS one? This looks like the mob v. the mob.

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  32. http://blogdogcicle.blogspot.com/2013/11/prying-eyes-germany-demands-uk.html

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  33. and no gaps to fill

    http://stockcharts.com/h-sc/ui?s=SSRI&p=D&yr=0&mn=6&dy=0&id=p47306078752&a=242315566&listNum=1

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  34. http://www.fool.com/investing/general/2013/10/14/seriously-silver-reserves-for-1.aspx

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  35. will not post new post until thursday eve.......just before friday's NFP report.....

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  36. http://stockcharts.com/h-sc/ui?s=RBY&p=W&yr=12&mn=0&dy=0&id=p99807236228&a=295883397&listNum=1

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  37. Yuck i'm cutting myself off this week. Made 3 bad trades already. No more trading til Monday.

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    Replies
    1. You're getting whipsawed in an accumulation phase........time works against you as this phase plays out. Sit tight...big move about to come..........which way who knows but the risk/reward favours up.......last leaves need shaking and the last crumbs put in the bag. Relax and play a round of golf

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  38. http://investmentwatchblog.com/a-closer-look-at-bank-bail-ins-and-the-black-hole-of-our-system/#x3I4IuvkIxXh5ir6.99

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  39. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/6_Why_Is_Gold_Such_An_Emotional_Topic.html

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  40. while we're all bored I thought I might make some light banter......even though there are many like budfox which is why I value his input here and anyone else with similar views for that matter......there is on the other hand the reality....and therein lies the rub. As Old hickory alluded to the "economy" is "local" for many people and there perspective is based on there own job/home etc. Unfortunately that narrow perspective of our current dilemna is very counterproductive to a republic and will accelerate the demise we are currently experiencing. Human behavior is unfortunately predictable and will most likely follow the path of least resistance as prescribed by the PTB just like the sheep they are compared with. Interestingly however are the "unpredictables" ....the lone wolfs....maybe a better term may be........white swans. These have been the individuals that stepped forth in history while the masses felt helpless from tyranny and ignited a change....there have been many and I will not mention all..........the Rosa Parks.....the George Washingtons.....not giving in to the power but standing up as individuals. We have people like that right now LITERALLY risking their lives in an effort to overturn this evil and perhaps.....just a chance they can reverse the path we are set upon. In other words there are people, many people now aware of how unjust and demonic this system has become. They read this blog and many like it and are doing what they can do to change for the better and that may wind up being that Rosa Parks moment out there........I'm not betting against it. gl

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    Replies
    1. Smedley Butler and the Business Plot, how many of those players are still around, JP Morgan sure is.

      But here are some quotes that may ring true today Mark Twain said “It's easier to fool people than to convince them that they have been fooled.”

      Even in Batman, "Theatricality And Deception, Powerful Agents For The Uninitiated" and "...When the structures fail you. When the rules aren't weapons anymore, they're shackles, letting the bad guy get ahead... One day, you may face such a moment of crisis. And in that moment, I hope you have a friend like I did... To plunge their hands into the filth, so that you can keep yours clean!"

      I've enjoyed reading this blog and all the comments on it and I admire those who search for the truth no matter how ugly it is.

      Delete
    2. Speaking of JP Morgan......

      Look's like they are getting NYC top Cop, hehehehe the irony of it all!

      http://nypost.com/2013/11/06/ray-kelly-in-talks-for-jpmorgan-job/


      Rudy,

      My condolences, looks like things in the big chitty are going to change a bit...... :{

      Delete
  41. please take the time to read

    http://fofoa.blogspot.com/2013/11/advance-warning.html

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  42. Don't need lone wolves, white swans or Rosa Parks. If we ALL do some, nobody has to do it all.
    Whatever the case, if all the "little" white swans look around wondering who is going to do something, nothing will happen.
    And bitchen on a blog isn't actually doing something. It's a good thing, but with knowledge comes responsibility. It has to transition from complaining and gloating on how smart we are now that we have everything in the world figured out, to deciding not to move to the back of the bus, or throwing boxes of tea off a boat. Or at least letting some of the PTB know that you are paying attention and don't like what you see. In this country, many of the biggest crooks must fear one thing---the ballot box. Without politicians to do their bidding and keep the status quo, the other bigger crooks get their legs cut out from under them.

    Look at a copy of the actual Declaration of Independence and read the signatures. Seriously. Those crazy fools were signing their own death warrants. That's why John Hancock made his name so big and ornate----basically announcing that he had the biggest set of coconuts going, a giant middle finger to the King. And they all knew that it would also likely cost them their fortunes. 56 men of conviction......

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    Replies
    1. yes....they were signing their death warrants.......same cabal controlled them then......they just didn't have the technology to fight a war across an ocean........today's a little different.......just have to see how it plays out.......a lot of swans make a "lot of targets".....right Red?

      Delete
    2. Better Red (pill) than dead (blue pill).

      They own the ballot box, don't delude yourself that your ballot vote counts, it doesn't outside a few school tax issues.

      Only vote that counts is your actions. The strongest votes are those of nonviolent resistance - boycott their pop culture, their political dualities, their religious institutions, their police state, their debt system, their wars, their gmo foods, their gmo foods, their health uncaring system.

      Satyagraha (/ˌsætɪəˈɡrɑːhɑː/; Sanskrit: सत्याग्रह satyāgraha), loosely translated as "insistence on truth" (satya 'truth'; agraha 'insistence') or "soul force"[1] or "truth force," is a particular philosophy and practice within the broader overall category generally known as nonviolent resistance or civil resistance.

      The soul is eternal while that EBT card is only good as long as the servers work.

      Delete
    3. "They own the ballot box" Amen to that brother! You're not gonna find the White Swan in the Political System, Crooks and whores for sure but not White Swans........

      "You must be the change you wish to see in the world" - Mahatma Gandhi

      Delete
  43. They didn't need to fight a war across an ocean, that paper guaranteed the war would be showing up on their doorstep shortly. Of course today's a little different. But also a lot the same. And so tomorrow will be as well. We are always standing on the edge of the unknown abyss of tomorrow. Which is why it only matters what you do today. And among other things I did today, I ordered a nice stout load of shiny---two different colors even.

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    Replies
    1. THE bankers didn't have the technology to fight a full scale war here across ocean......just as we today cannot occupy a country and hold it indefinitely........but we sure as hell can destroy their armies and millions of their citizens......we can do that today.........which is how we impose the "king" dollar.......

      Delete
  44. Dear Friend of GATA and Gold:

    Bart Chilton, the member of the U.S. Commodity Futures Trading Commission who long has complained about manipulation of the monetary metals markets and has vigorously advocated more restrictive position limits for commodity traders, announced today that he will retire from the commission soon:

    http://www.cftc.gov/PressRoom/SpeechesTestimony/chiltonstatement110513#s...

    In his formal statement presented at today's CFTC meeting, Chilton said: "Early this morning I sent a letter to the president expressing my intent to leave the agency in the near future."




    Chilton's five-year term on the CFTC expired in April and he had said this year that he would like to be reappointed. His announcement today contradicting himself suggests that he has been told that President Obama would not be renominating him, which should be no surprise, given the enormous trouble Chilton has caused for the powerful financial interests that control the U.S. government.



    Because of his work on the CFTC Chilton came to be targeted by not only those financial interests but also by some people who have supported GATA's work for free and transparent markets in the monetary metals. Unlike most other CFTC commissioners, Chilton strove to answer his e-mail personally, and this responsiveness induced people dissatisfied with the commission's work to focus their dissatisfaction on him even as he sought to accomplish their objectives.

    No other commissioners would answer their mail reliably, so Chilton took the heat for all of them.

    Chilton was only one of the five CFTC commissioners and was never able to carry a majority in favor of improving competition in the commodity markets. But he raised hell about the issue and induced the commission to hold its March 25, 2010, hearing on the monetary metals markets and arranged for GATA Chairman Bill Murphy and board member Adrian Douglas to speak at the hearing, which turned out to strike a powerful blow against market manipulation.

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  45. Don't forget Patrick Henry...I know there are some working tirelessly now but we don't hear of them due to the MSM. Currently reading about the stupid war in Viet Nam and the soldiers who were blamed. What It Is Like To Go To War. Very hard to read these things, but am painfully revisiting the death of my boyfriend there in 1966. http://army.togetherweserved.com/army/servlet/tws.webapp.WebApp?cmd=ShadowBoxProfile&type=Person&ID=57392 They had no choice; they were drafted.
    Kli, if you want to take this down it's fine. Just approaching Veteran's Day makes me so sad. Still have some of his letters.

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    Replies
    1. thanks for the post nancy......the human side of the "game" is always the first casualty of war

      Delete
  46. Sorry for your loss. I think we can say the terrible treatment of US soldiers in Vietnam era caused a reaction in the public consciousness and that attitude has generally been reversed. 13 soldiers on a flight back from the sandbox landed at O'Hare today. The civilian people waiting at the gate burst into standing ovation as they disembarked, even though most did not know any of the soldiers. I also heard that the first class passengers on that flight gave up their seats so the soldiers could all sit together and could sit in first class. I think there's probably a youtube video of it. Might give you some cheer to see that?

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    1. soldiers are currently at war against an enemy that is coming here to cause death and havoc. The difference between how this war was sold to public vs. Vietnam is the reason for this reversal. I'm glad to see Soldiers getting the recoginition of line of fire duty but I'm not happy they are fighting a winless war against an enemy built by our own govt. I would rather see them on the border earning their pay. The biggest travesty of this last 5 years was giving PE and hedge firms houses for pennies on the dollar when rewarding the returning soldiers with one of these homes at those fire sale prices would have been much more american and the right thing to do. The corruption in those deals for PE, hedge and MM's whom created the foreclosure to begin with and then getting the bulk housing ride from the fed is truly evil...

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    2. soldiers will be asked to begin enforcing the next phase of globalization which will be on its own citizens to "restore order" in a designed implosion as our porous borders allow even more destruction of the working class and a larger voting bloc for the PTB to manipulate

      Delete
    3. Yup add a couple O twelve million to the FSA and stack counties and bingo they get what they want election wise plus purge those at the top in the military and install their sock puppets.......


      http://www.wnd.com/2013/11/general-blames-night-stalker-for-military-purge/


      easy-peasy-lemon-squeezy

      Delete
  47. http://www.rollingstone.com/politics/blogs/taibblog/chase-isnt-the-only-bank-in-trouble-20131105

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  48. ECB just lowered interest rates to record low...we're screwed. The sh*tstorm is accelerating.

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  49. Speaking of soldiers...Grand Central in NY now has military in full body armor with MACHINE GUNS patrolling. What in the world are they expecting there? This wasn't the case last time I was there in 5/13.

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  50. just went by two weeks ago and not there .......hmmmm

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  51. Sister that has been going on for years. There are Army men & women in the Port Authority, Penn Station and all over the city. They have been conditioning everyone to just accept that is okay to have highly armed soliders in all aspects of life in NYC. Nothing new.

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  52. notice twitter today......this is a payback by the MS boyz and their plebes for the GS et al slaughter of Faceplant.......This is all we have now on WS just the remaining sharks eating one another...Its hilarious watching the CNBS pump today.......now they are eating chit

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  53. "Janet, we're gonna need a lil shock n awe"

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  54. KLI: What do you think about shorting TWTR today? You think the masters will prop this thing up at all costs?

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    Replies
    1. i wouldn't here but if you can get a nice opening pop tomorrow sure......

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  55. Cramer: Twitter Too Pricey at The Street(Thu 11:50AM EST)

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    Replies
    1. careful....he's a shill for GS and GS is going to "show" the market how they can roll out an IPO the "proper" way as opposed to MS getting chopped to pieces by the boyz........they have a very limited float and can push prices for days.....any profit on shorts needs to be taken intraday....and I am NOT in the casino......look at what they can do with the momos......like tsla cmg nflx etc........short slaughter houses.....they will get slaughtered all of them but the boyz will do the slaughtering at their own discretion when the time is ripe.......is the time ripe now??? maybe

      Delete
  56. warning signs continue to develop

    http://www.zerohedge.com/news/2013-11-07/all-otc-quotes-and-trades-halted

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  57. ignore this at your own discretion.....I would not........

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/7_We_Havent_Seen_Stunning_Numbers_Like_This_For_Years.html

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    Replies
    1. I think we have to be careful shorting though. We are approaching the end of the year and underperforming money managers may have no choice but to jump in and buy. The market could melt up higher by years end.

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    2. agree doc.....I still think they will have volatility for the sharks to butcher some shorts .....but they've frozen most of the volume so far.....when the sideline money jumps in for their final distribution then they'll slaughter this market....only a guess but it may be a big two to three day drop......then they'll announce a monster QE move....125 billlion/mo

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  58. OTC markets still locked up. This is very unusual. I'm sure they will blame it on a software error. But what's the real reason?

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  59. Serious question: I have read that the Fed can simply create a "bad" Fed to take over the $4 Trillion in debt. Is this realistic?

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    Replies
    1. hehe... maybe they can start printing "good" dollars and "bad" dollars as well. :P

      Delete
  60. Good one Jay. Maybe "digital" will be good; paper bad. Here's what I'm referring to and imo WSJ is no conservative outlet: http://online.wsj.com/news/articles/SB10001424052748704471904576229074062020468

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  61. Market is broken and the problem with "counting on" distribution working requires participation...ie CONfidence......its not there and there is a real problem for the boyz...they need bagholders....and if they don't come to the hook then they'll have to print moar

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  62. OTC just went back up. It makes me wonder if they are prepping for the day when they shut down ALL the markets.

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