• Tim Knight from...
    09/29/2014 - 19:50
    Which brings us to Clinkle, which is a firm founded by a 22 year old with no business successes behind him (which at least Color.com's founder could claim, as he sold his firm to Apple for...

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FBI Blasts Apple, Google Phone Encryption: It "Allows People To Be Beyond The Law""

The kings men also viewed their power as necessary as Comey does today. They could simply enter someone’s home and search all your papers. If you wrote anything derogatory against the king, off you went to prison. This is what inspired the American Revolution and the Fourth Amendment that there had to be a reason to search not just arbitrary desire to want to know and lets see what we can find as the NSA and FBI do today. This is the very essence of LIBERTY. You cannot pretend to be the leader of the free world with people like Comey in government.



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"Hope Is Not Good Policy" - Saxo Bank Warns The Entire World Is Headed For A Minsky Moment

We actually to believe that the Federal Reserve can lift the entire front-end of the curve from 0-1% (current rates out to three years) to 2-4% over the next two years without adding massive further stress onto the deficit, and only adding to the debt? Servicing 2% interest when growth is 2% means you are doing worse than standing in place if you also have a budget deficit. Whatever the timing, the US, China and Europe are all headed for another Minsky moment: the point in debt inflation where the cash generated by assets is insufficient to service the debt taken on to acquire the asset. Productivity growth in the US last year was +0.36%. The real growth per capita was about 1.5%.



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Women Are Most Likely To Drink Men Under The Table In The Following States

The bad news: men who engage women in a drinking contest in any of the dark blue highlighted, mostly-midwest states will almost certainly lose.

The good news: those same men have the highest chance of getting laid in precisely the same states.



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How The "Syrian Rebels" Really Feel About "Friendly" US Airstrikes

Here are some three dozen YouTube videos released over the past two days, showing just how the Syrian "rebels", those which the US is allegedly helping, feel about America, and US intervention "on their behalf." One man's inquiry summarizes the mood on the ground the best: "Why are you striking Nusra Front and civilians." Sadly, the US itself has no idea either. But nothing shows the complete strategic confusion that still reigns in Obama's camp than the following poster held by a "rebel"child protester...



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Syria, Neo-Cons, And The Attempted Infiltration Of The Liberty Movement

As most readers are aware, the false left/right paradigm has been the primary control mechanism used against the American people for decades. The idea being that in order for establishment elites to maintain control of a population with a heritage of independence, a facade of choice must be created to placate the dim-witted masses while the system itself is dominated from behind the scenes. The people of a republic must be conned into participating in the process of their own enslavement, at least until the oligarchs are ready to unleash full-blown totalitarianism.



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Is ISIS Using Alibaba To Buy Mobile Refineries From Turkey?

Another rabbit hole takes us to a rather strange place...



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This Riot Is Not In Ferguson, It Is In Hong Kong

No, this is not Ferguson: it is, according to many, the world's most capitalist city, Hong Kong, where over the past few hours, around 50,000 students are said to have massed on late Saturday, demanding more democracy, as tensions grew over Beijing's decision to rule out free elections in the former British colony.



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Japan Declares Level 3 Emergency, At Least One Dead After Volcano Erupts In Central Japan

When one thinks of Japan and natural disaster, the things that usually come to mind are earthquakes, tsunamis, radioactive lizards, the occasional massive nuclear power plant explosion. Not volcanoes - those are usually delegated to the sole country that dared to give bankers the middle finger, Iceland. And yet, overnight Japan declared a level 3 alert (on a scale of 1 to 5) when a volcano in central Japan erupted, sending ash clouds down the mountain’s slope for more than 3 kilometers. According to RT, at least one person has died and 70 were injured, while aircraft have been forced to divert to avoid the dangerous area. Medics confirmed the death of at least one person, while 70 more were reported to be injured, NHK reported. Thirty of the injured have been sent to hospital in critical condition, health officials added. One can only hope there were no nuclear power plants in the immediate vicinity of the volcano.



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The Billionaire Social Calendar

With Janet Yellen set to remove the 'wealth-creating' nutrients of QE within a month, it appears there is only way left to The American Dream... latch on to a billionaire (or their son or daughter). As a patriotic courtesy to our readers we provide the dummies guide to befriending a wealthy benefactor... everything from their marital status and demographic to the most critical factor for success - where to hang out in 2015 to catch their eye.



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Your 'New Normal' Life (In Pictures)

You were born free … a bundle of tremendous potential...



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How Goldman Controls The New York Fed: 47.5 Hours Of "The Secret Goldman Sachs Tapes" Explain

I don't want to spoil the revelations of "This American Life": It's far better to hear the actual sounds on the radio, as so much of the meaning of the piece is in the tones of the voices -- and, especially, in the breathtaking wussiness of the people at the Fed charged with regulating Goldman Sachs. But once you have listened to it -- as when you were faced with the newly unignorable truth of what actually happened to that NFL running back's fiancee in that elevator -- consider the following:

  1. You sort of knew that the regulators were more or less controlled by the banks. Now you know.
  2. The only reason you know is that one woman, Carmen Segarra, has been brave enough to fight the system. She has paid a great price to inform us all of the obvious. She has lost her job, undermined her career, and will no doubt also endure a lifetime of lawsuits and slander.

So what are you going to do about it? At this moment the Fed is probably telling itself that, like the financial crisis, this, too, will blow over. It shouldn't.



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ISIS Comes To America? Oklahoma Man Beheads Woman After Being Fired

A man who had been fired from a food processing plant in an Oklahoma City suburb beheaded a woman with a knife and was attacking another worker when he was shot and wounded by a company official, police said Friday. As AP reports, while questioning the suspect's co-workers, investigators learned he had recently started trying to convert several employees to Islam. As the director of news and information for the Islamic Society of Greater Oklahoma City stated, "they have this ISIS thing on their minds and now this guy has brought it to America."



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Goldman: "Some European Economies Already Qualify As A Japanese-Style Stagnation"

For the longest time anyone suggesting that Europe's economic collapse was nothing short of a deflationary collapse (which would only be remedied with the kind of a money paradopping response that Japan is currently experiment with and where, for example, prices of TVs are rising at a 10% clip courtesy of the BOJ before prices rise even more) aka a "Japan 2.0" event, was widely mocked by the very serious economist establishment, and every uptick in the EuroSTOXX was heralded by the drama majors posing as financial analysts as the incontrovertible sign the European recovery has finally arrived. Well, they were wrong, and Europe is now facing if not already deep in a triple-dip recession. Which also explains why now it is up to the ECB to do all those failed things that the BOJ did before the Fed convinced it it needs to do even more of those things that failed the first time around, just so the super rich can get even richer in the shortest time possible. So we were a little surprised when none other than Goldman Sachs today diverged with the ranks of the very serious economists and the drama major pundits, and declared that "recent trends in some European economies already qualify as a Japanese-style stagnation."

Oops.



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It's The Dollar, Stupid!

To claim that this is the market at work makes no sense anymore. Today central banks, for all intents and purposes, are the market. Our overall impression is that the Fed has given up on the US economy, in the sense that it realizes – and mind you, this may go back quite a while - that without constant and ongoing life-support, the economy is down for the count. And eternal life-support is not an option, even Keynesian economists understand that. Add to this that the "real" economy was never a Fed priority in the first place, but a side-issue, and it becomes easier to understand why Yellen et al choose to do what they do, and when. When the full taper is finalized next month, and without rate rises and a higher dollar, the real US economy would start shining through, and what’s more important - for the Fed, Washington and Wall Street - the big banks would start 'suffering' again.

 



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Despite Obama's "Priority", US Government "Screwed Up" Ebola Treatment

Having earlier warned that the Ebola epidemic could kill "hundreds of thousands" and is a "priority for US," President Obama's concerns about "slowing economic growth in Africa," are perhaps the most telling statement of the Nobel Peace Prize winners comments this morning. However, as Bloomberg Businessweek's Brendan Greeley explains in this brief clip, US government bureaucracy stymied efforts to develop and test ZMapp - the potential Ebola treatment.



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