• Pivotfarm
    05/22/2013 - 13:02
    Inflation is hot property today, hyperinflation is even hotter! We think we are modern, contemporary, smart and ready to deal with anything. We’ve got that seen-it-all-before, been-there-done-it...

John McCain

Tyler Durden's picture

Apple Meets The "Fairness Doctrine", Is Set To Pay A Whole Lot More In Taxes





Last September, when we exposed the heretofore unknown entity actively managing Apple's $100 billion+ in offshore held cash (and thus untaxed in the US), we made the following "bold" prediction: "with the topic of finding effective tax loopholes which are perfectly legal, yet which apparently are unfair, serving as the basis of the entire presidential race to date, what Apple can be absolutely certain of is that once the farce culminating on November 6 is over, the government's eye will finally turn to minimizing "externalities" among such companies which have been able to pass through corporate tax savings to end consumers by abiding within the legal system that countless other muppet congressmen, senators and presidents have developed over the ages. Because while AAPL may have built the iPhone, very soon it will be only fair that it share its profits acquired over the years, and thus its cash balance...with the general public." Or in other words, in September we predicted the Apple "tax witchhunt" would take place shortly after Obama won his reelection. Today, it has officially begun.


 

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Tyler Durden's picture

"The Battlefield Is The United States Of America"





When you’ve got a guy like Senator John McCain who says “The battlefield is the United States of America,” it tells you that almost nothing is safe in the Land of the Free. Whatever remains of civil liberties is going to feel the full brunt of the state’s boot heel.


 

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williambanzai7's picture

TWo KiNDS OF TeRRoRiSTS...





 

Two kinds of terrorists, one's who will do violence to your life and ones who will do violence to your constitutional rights.

The first uses improvised explosive devices, the latter uses the powers of elected office. Heil CISPA!

WB7

 


 

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Tyler Durden's picture

Background Check Amendment Fails To Pass Senate, Gun Control In Tatters: Obama To Make Statement





Following a full court press by the Obama administration, and specifically gun tzar Joe Biden, to legislate "stronger" gun law in the last several months ever since the Sandy Hook massacre, the initiative may have just suffered a terminal defeat following a failure to even pass a bipartisan background check amendment in the democrat-controlled Senate. CBS reports that "In a major setback for gun control advocates, the Senate Wednesday voted down a key amendment to the embattled Democratic gun bill, signaling the increasingly dim prospects of any meaningful legislative action aimed at strengthening America's gun laws. The bipartisan Manchin-Toomey amendment, a background check expansion devised by Sens. Joe Manchin, D-W.Va., Pat Toomey, R-Pa., and a handful of other lawmakers, earned only 54 votes, falling six votes short of the 60-vote threshold. Vice President Joe Biden, who led the Obama administration's months-long lobbying effort on behalf of stronger gun laws, presided over the vote."


 

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Tyler Durden's picture

Moody's Mark Zandi Set To Head Fannie, Freddie





Ever since Moody's head economist Mark Zandi, together with Princeton's Alan Blinder, authored a paper in July 2010 titled "How We Ended The Great Recession" (which incidentally is wrong on two key counts: i) it is a great depression not recession, and ii) it has not ended) it became clear that the Keynesian sycophant would not rest until he somehow found a way to penetrate deep inside one or more of the darkest administrative orifices of the Obama regime. Surely, Zandi must have been heartbroken when it was not him but Jack Lew picked to replace Tim Geithner - a post the Keynesian had a desperate craving for. Yet his recent appointment to head up the ADP "payroll" joint venture, which was nothing more than a test of his propaganda skills, should have given us advance notice something was cooking. Further notice should have emerged when the US Department of Injustice launched its rating agency witch-hunt campaign only against S&P, not Moody's, where the abovementioned Zandi still officially works. Last night all of this finally fell into place, when the WSJ reported that Zandi has emerged as the leading candidate to head the FHFA - the regulator in charge of the two zombiest of zombie US institutions: the still insolvent Fannie and Freddie, in the process kicking out current FHFA head Ed DeMarco who recently emerged as Obama's persona non grata number 1 for his stern refusal to espouse socialist practices and wholesale debt forgiveness and principal reduction.


 

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George Washington's picture

Was the Iraq War About Grabbing Oil … Or Keeping It Off the Market?





Was the Real Purpose of the Iraq War to Restrict Oil ... So As to Raise Oil Prices?


 

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Tyler Durden's picture

An Orwellian America





The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the powers are in place. Someone will flip the switch. Whether a Cyber Attack, escalating Currency War tensions or a 'terrorist' attack by indebted college youth, it is only a matter of time and circumstance.


 

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George Washington's picture

Newly-Released Memo by Donald Rumsfeld Proves Iraq War Started On False Pretenses





Everyone Knew Iraq Had No WMDS … and Was Not Behind Anthrax Attacks or 9/11


 

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Tyler Durden's picture

Guest Post: Gun Rights - Are There Any Peaceful Solutions Left?





Throughout history, citizen disarmament generally leads to one of two inevitable outcomes:  Government tyranny and genocide, or, revolution and civil war.  Anti-gun statists would, of course, argue that countries like the UK and Australia have not suffered such a result.  My response would be – just give them time.   You may believe that gun control efforts are part and parcel of a totalitarian agenda (as they usually are), or, you may believe that gun registration and confiscation are a natural extension of the government’s concern for our “safety and well-being”.  Either way, the temptation of power that comes after a populace is made defenseless is almost always too great for any political entity to dismiss.  One way or another, for one reason or another, they WILL take advantage of the fact that the people have no leverage to determine their own cultural future beyond a twisted system of law and governance which is, in the end, easily corrupted. The unawake and the unaware among us will also argue that revolution or extreme dissent against the establishment is not practical or necessary, because the government “is made of regular people like us, who can be elected or removed at any time”.  This is the way a Republic is supposed to function, yes.  However, the system we have today has strayed far from the methods of a Free Republic and towards the machinations of a single party system.  Our government does NOT represent the common American anymore.  It has become a centralized and Sovietized monstrosity.  A seething hydra with two poisonous heads; one Democrat in name, one Republican in name.  Both heads feed the same bottomless stomach; the predatory and cannibalistic pit of socialized oligarchy.


 

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Tyler Durden's picture

#SOTU - The Summary: Minimum Wage, Maximum Genomes, Macs, And Moar Cyber-Security





5% fewer words, slightly shorter than last year but just as hope-full. From a hike (and inflation-indexed) in the minimum wage to a 140x multiplier of genome sciences investment (now that is Keynesian awesomeness); from extending homeownership (and refinancing plans) even more to energy independence; from Apple, Ford, and CAT's US Manufacturing to Bridge-Building and infrastructure spending; and from Trans-Pacific and -Atlantic Trade to cyber-security; it's all gonna be great - because as President Obama reminded us at the start... "Our housing market is healing, our stock market is rebounding," and this won't add a dime to the deficit... oh and that Student loan bubble - no worries, there's a college scorecard so now you know where to get the biggest bang for your credit-based buck. Summing it all up: Guns 9 : 3 Freedom ; Jobs 31 : 17 Tax ; Congress 17 : 40 Work ; Recovery 2 : 0 Unicorns ; Spending 3 : 2 Cutting


 

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Tyler Durden's picture

Paul Krugman: "We Should Kick The Can Down The Road. It’s The Responsible Thing To Do"





The below article, recreated in its grotesque entirety, is a real, serious Op-Ed written by a supposedly real, non page-view trolling, Nobel-prize winning economist, in a serious paper, the New York Times. It can be classified with one word: jaw-dropping:"We’re not going to resolve our long-run fiscal issues any time soon, which is O.K. — not ideal, but nothing terrible will happen if we don’t fix everything this year. Meanwhile, we face the imminent threat of severe economic damage from short-term spending cuts. So we should avoid that damage by kicking the can down the road. It’s the responsible thing to do."


 

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Tyler Durden's picture

Arm Syrian Rebels: CIA, Pentagon And Hillary Said Yes; Obama Just Said No





It would appear the undecideds had it. The WSJ reports that a proposal to arm Syrian rebels was stalled by the White House (cough Obama cough) because of lingering questions about which rebels could be trusted with the arms, whether the transfers would make a difference in the campaign to remove Syrian leader Bashar al-Assad, and whether the weapons would add to the suffering. It seems, however, that the Pentagon, the State Department, and the CIA were all gung ho for the plan last year as a Senate hearing today uncovered some of the facts (and disagreements). As WSJ notes, the disclosures thrust a spotlight on the extent to which President Barack Obama charts his own course in the face of calls to action by members of his own team, and on the extent of his caution about entering a new conflict. In the post-Kofi Annan talks break-down in June 2012, Hilary pushed to arm the rebels and the CIA said arms would "materially" affect the situation to overthrow Assad. With the introduction of Kerry, Hagel, and Brennan, the tensions may flare once again though only the latter has suggested anything but backing Obama's perspective.


 

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ilene's picture

Flawed Poll Models Underestimating Romney’s Lead





Decide what you want most to be upset about for the next four years; vote accordingly. 

 


 

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Tyler Durden's picture

"The Economist" Endorses Obama For President





And for a second there we thought financial publications were supposed to at least pretend they are impartial. It appears that is not the case. Now we eagerly await to learn whom Playboy, the National Enquirer, and TMZ endorse...


 

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