Archive - Nov 2010 - Blog entry

UK public-sector pension reform has already cut the value of employees’ prospective pensions by a quarter, even if no further changes are undertaken, the Financial Times reported, citing a study by the Pensions Policy Institute to be published on Tuesday.

What's all the fuss about TSA harassment? Watch this video to find out ...

I swear to you that I may be a cynic but I am NOT a pessimist - this is just a crappy market to invest in and I call them as I see them. Did you know that newsletter revenues go down significantly when the outlook is pessimistic? People don't want to hear bad news...

Maybe. Just maybe. Maybe millions of families across America would like a similar opportunity; one where they jump at the chance to escape accountability and repercussions by a simple “redo” of their participation in an abusive, predatory financial transaction that left them completely tapped out and facing homelessness...

This is a musical and visual accompaniment to the post written by Cognitive Dissonance: "Crony America and the Bill of Rights."

Among the richest and most powerful, the senior partners of Crony America if you will, it was always understood that sharing the wealth with the lower class was simply a means to an end and would cease when it was no longer profitable to do so. Only those in deep denial cannot see that we have reached that point today.

The Federal Reserve has been manipulating the economy for the last 20 years through the “wealth effect.” When the wealth effect gets given back, plus interest, the markets crash. The Fed is now using quantitative easing to trick us into buying one overpriced asset, stocks, because the alternative, bonds, is even more overpriced. Long term US trend growth is only 2% a year. We’re going to have another crash. The recent moves in American stocks have been purely speculative. While the S&P 500 went up 20%, the junky part went up 120%. Cash is the only hiding place.

Paul Volcker's public loss of control of the Federal Reserve Board in 1987, combined with President Reagan's unwillingness to publicly back him, ultimately led to Volcker's resignation that same year. Kevin Warsh's Wall Street Journal op-ed wasn't just coincidence, and it presumably signals rising discontent within the Fed that will eventially reveal itself in votes against Bernanke. Volcker's loss of control led to his resignation, and Bernanke's similar problems probably point to his.

Exactly was we predicted in the beginning of the year, Ireland is the 2nd Euro nation that didn't need a bailout to get bailed out! Now that some may start taking this seriously, I go through a quick history of how we got to this point and prep for an intense analysis of how the contagion will unfold, how ugly the haircuts (that nobody needs, of course) will get, and who may be the next domino to fall.

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

O COUNTRY, writhing in thy chains of debt--

With fierce, wild efforts to be free,--

Not seeing that with every strain--

The Ponzi globalists close firmer over thee...

It's been exactly one year since I wrote about an exciting but controversial treatment for Multiple Sclerosis (MS), called the Liberation treatment. A lot has happened in a year, and I think it's important to share some of my thoughts with you. Please feel free to relay the information back to anyone you know who has MS.

The CBO is against extending the Bush tax cuts. So why are we doing it?

Just another P-H-D clown called Turkey in the Fed...

Say what you will about Alan Greenspan, he was never a whiner. Unfortunately, the same can't be said for present Fed chairman Ben Bernanke.