Not only has free speech become a four-letter word - profane, obscene, uncouth, not to be uttered in so-called public places - but in more and more cases, the government deems free speech to be downright dangerous and in some instances illegal. Yet by allowing the government to whittle away at cherished First Amendment freedoms - which form the backbone of the Bill of Rights - we have evolved into a society that would not only be abhorrent to the founders of this country but would be hostile to the words they used to birth this nation.
“I don’t think there’s a whole lot from my generation that are still in the industry"..."The business has to be downsized,” said Keith Underwood, a foreign-exchange consultant who ended a 25-year trading career, including at Lloyds Banking Group Plc, in 2014. But it’s not easy “for people who have been in a market for many, many years to see that they’ve been replaced by an algorithm.”
"I was far too bullish last December. Those deflationary forces ... from China, from commodities are really, in the presence of debt that so many of these energy and other companies have, ... causing the market turmoil right now.”
Lies are always misrepresentations of reality, and reality always wins. The US government rests on an inherently unstable foundation of whoppers - big lies so huge they would make big lie proponent Adolf Hitler blush. The first trick to defeating an enemy is to ascertain its biggest weaknesses and the lies, which it feeds itself, flowing from those weaknesses.
Abenomics has failed. That's just all there is to it. We'll now sit back and wait for the day when Abe and Kuroda finally take a long bow and fall (figuratively speaking we hope) on their swords.
The United States Preventive Services Task Force recently recommended mandatory depression screening for all Americans. Government health care mandates undermine the basic principles of a free society. If it is legitimate for government to tell us what types of health care we must receive, then it is also legitimate for the government to tell us what to eat, when to exercise, and even how to raise our children. To paraphrase C.S. Lewis, a tyranny imposed for our own good is the worst form of tyranny because it is a tyranny without limits.
Being "paid to wait" in high-yielding stocks last year was a death by 394 cuts. As Bloomberg reports, the number of dividend reductions far surpassed 2008, almost 100 more than at the outset of the Great Recession - a time when the implosion of Lehman caused equity markets to plummet in the later stages of the third quarter.
Here is the one chart showing why the time to panic about Canadian banks may have finally arrived...
"Our whole existence is now threatened, not just losing more ground. They are advancing and we are pulling back because in the face of such heavy aerial bombing [by Russia] we must minimize our losses."
Shigemitsu Kongo formed his construction company Kongo Gumi in 578 AD. This company lasted over 1,400 years. They survived countless political crises, wars, and natural disasters. They survived the Meiji Restoration in the 1800s, a period in which the government set out to eradicate Buddhism from Japan, and hence, the temple building industry. They even survived two atomic bombs. What Kongo Gumi couldn’t survive was debt.
While we wait for a full blown European version of the Patriot Act, it seems France has rushed to judgment and enshrined the nation's restrictive "it's for your own good" State of Emergency into its Constitution. Yet again - temporary government over-reach becomes permanent as the spread of tyranny is begged for by the citizenry seeking protection from the boogeyman du jour.
Fed Lacks The Physical Cash, Legal Authority And Computer Systems To Implement NIRP, According To The FedSubmitted by Tyler Durden on 02/08/2016 - 17:24
"... at sufficiently negative IOER rates, DIs might opt to shift a significant quantity of their reserve balances into currency. Present Federal Reserve inventories of currency, at about $200 billion, would not be adequate to cover large-scale conversion of the nearly $1 trillion in reserve balances to banknotes."