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The Canaries Continue To Drop Like Flies
One would think as “canary” after “canary” falls silent either sickened with laryngitis, or worse – completely comatose, that those on Wall Street as well as the financial media itself would not only have seen, but heard, many of the warning calls that have been obvious for quite some time. Yet, history always shows; not only do they not see, but more often than not – they don’t want to see, nor hear the warning calls.
Even when all the warning signs are screaming danger – not only are they ignored, they’re explained away as if those which saw or heard them, should be ignored as they’ll contend not only did one not see; but couldn’t see.
What they’ll propose is: “That was not a “canary” but rather a “dodo.” After all, with a Fed that’s as interactive as this one currently is, surely what they believe they heard, or saw is impossible. For people say they’ve spotted warning signs in these ‘markets’ for years, and none have yet produced a crisis because – they’re now extinct! ” Yet, the wheezing sounds of many a Wall Street songbird has been apparent for quite a while. Again: If only one would care to look or listen.
Back in April of 2014 in an article titled “The Scarlet Absence Of A Letter of Credit” I opined a few scenarios as to why this seemingly dismissed revelation by the so-called “smart crowd” should not go unnoticed. For the implications may very well portend far greater reasons too worry in the coming future. Below is an excerpt. And let’s not forget this is some 16 months ago. When the financial media et al were still reciting in unison the wonders to which, “China will be the economy that leads us out of this current malaise.”
“Over the last few years since the financial melt down of 2008, we have seen what many have believed are precursors that may tip the hand of markets as to show just how unhealthy this levitating act fueled by free money has become.
And yes there are always false indicators, and we all know correlation doesn’t equal causation. And even more may shrug and think, “No letter of credit, so what.” However, if there were ever a canary in a coalmine worth noting this is one not to let one’s eyes to divert from.
The issue at hand is not just the foolishness of the absence contained in a one-off LOC gamble some company would take. Far from it.
It’s the desperation that could be hidden that’s a precursor one has to watch for. For the amount of desperation, or the degree that might be hidden beneath the surface to which a commodity will be sent overseas to another country, a country for all intents and purposes is using that very product as a pseudo currency to back other financial obligations without the requisite document to be paid. Is mind numbingly dangerous in its implications in my view.”
Fast forward to today and what is the current state of the commodity sector? If your answer resembled something along the lines of catastrophe, falling knife, broke or busted; you would be closer to reality than the “everything is awesome” spin you used to hear when the price of another commodity: oil, dropped again, and again signalling the cue for analysts to take to the airwaves or keyboards and herald “More money in consumers pockets via a reduction in gas prices equals more consumer spending!” Yet, you don’t hear that tune any longer do you?
Consumer spending, the metric that’s been trumpeted as “the” supposed songbird for the chorus of data points as to prove there’s an ever burgeoning economy. Not only hasn’t shown signs of growth when it comes to retail spending. It too has contracted. The most recent U.S. Dept. of Commerce release in July showed June with a decrease of 0.3% from the previous month, while April and May were also revised downward.
During this period oil (e.g., Brent) has precipitously dropped from over $100 per barrel to where it now sits and bounces under $50. However, just to give a little more context. The first fall was over a year ago where it initially free-fell cutting its price in half just when it should have had the greatest impact. e.g., The Christmas holiday shopping season. And the result? Dismal holiday sales returns. So dismal all one heard or read was the excuse of “the weather.”
So now with reports for April, May, and June in the books during another precipitous oil drop. This time albeit from a far lower bar ($65-ish.) falling once again below the $50 mark and not only remaining, but seeming to threaten falling even further to even lower lows. It’s now hard to ignore the fact, all that presumed “money in consumers pockets” made possible to spend is either lost in the sofa cushions or, never materialized in the way many on Wall Street were convinced it would. For if it did – than why would numbers be revised down?
Once again, let’s not forget this is during another of what many see as the “get out and hit the open road fun-time” officially kicked off via the Memorial Day holiday. And May of June’s number couldn’t even hold to unchanged status? What does that scream let alone “sing?”
What happened to the “pent-up demand” that must have surely been burning holes in consumers pockets with all that gas savings we were told was taking place across the nation? Surely one must construe if it didn’t take place during the holiday shopping it therefore must at least show signs when the weather broke. Unless the consumer is what many of us have argued: Broke. It would seem the “numbers” are showing that’s far more the case.
Another canary that seems to have fallen silent is the one that sang the tune “This Qtr. just you watch, earnings will need to be revised up!” And they have, only not from a level that would suggest a healthy start to begin with.
The game of “bait and switch” metric announcements or reporting is not only laughable it borders on obscene. So much so I would envision if one asked a street-hustling 3-card-Monte player what they thought of today’s earnings reporting. They would throw down their cards in disgust and ask how they missed such a money-making racket opportunity. For if you can start by saying 4, then lower it to 1, where they come in at 2 – only on Wall Street can one state with a straight face (as well as duck any jail time for outright fraud) “This earnings season not only beat expectations, but was double the consensus!”
Only a street hustler can fully appreciate, as well as be left envious to this ingenious sleight of hand.
Then there’s the “Greece is solved” and “Greece doesn’t matter” chorus that was proclaimed before, during, and after the first indications of trouble. And once again we are waking to the tune near daily, not only is Greece still not solved – it sits on a perch so precariously swinging too-and-fro between further calamity into an outright civil chaos and catastrophe. So much so the greater media at large seems exhausted as to vocalize any further developments.
And who can forget that other tune that suddenly has also fallen silent: “The economy is not only ready to take off once QE has ended, and we expect GDP to not only signal but print 4%+ in the coming Qrts. After all, we just went from our previous upward revised call which was just under 4 – where we just printed 5% for Q3!”
All sounds great except for one thing. That Q3 was Q3 2014. What happened next? Lest I remind you to look back on some of the preceding paragraphs? For that’s where I reminded you about “weather” and the dismal revisions to a lower Q1, and Q2 spending reports, let alone where GDP prints are proposed to print next. However, if one listens carefully, what seems abundantly clear for the next print will be a tune that sounds familiar. Only this time – 3 is now the new 5!
Even if one tries to shield their eyes and ears away from these harbingers in ways we’ve all been reminded countless times by Disney™ movies spanning generations as: “not too worry and sing a happy tune.” The problem there? Disney’s own dulcet tones were met this earnings season with a far different reception, as its shares like many others of the media space that were once considered “bank” were tarred and feathered as its stock was treated more like the paper found in the bottom of the bird’s cage.
If there’s one note that’s been ringing louder and louder it’s this…
It’s getting harder and harder for even the most vocal among Wall Street as they try to sing the “everything is awesome” song when the ground around them continues to be littered with an ever-increasing amount of sprawled out – motionless – canaries.
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The smart 'Birds' have flown the coop.
i bet the Dow jumps like 200 points tomorrow for NO REASON AT ALL!
Or not. S&P head and shoulders breaks at 2044, below that lies carnage
No shit. I thought I was the only one here seeing that pattern.
I think that level is also where THE major support line sits now.
Could see a bounce tomorrow.
But if not...
The moral of the story is that if you ignore the canary you will die like a dodo.
the canaries all died when obola sealed the coal mines up behind them
I used to think just one canary had to die to wake people up....thing is...the sheep-tards don't even understand what that analogy means anymore.
I bet Mark Dice could do one of his videos about that analogy and not one fucking sheep-tard would know what it actually stood for.
How many more canaries have to die before these fucking sheeple finally catch a clue about what the fuck is going on???
I guess they're all waitin for "zombies" thanks to the indoctrination and brainwashing process they've gone through over the last 10 years or so.
The sheeple don't even realize that they are the canaries and they are the zombies too.
What is going on is CONTROL. I am sure you read about in one of the many dystopian novels.
Hashed metaphors come right after hashed browns on my list of things I like....
Well then...
https://youtu.be/KfU69_up02Y
what happens if you eat them both? a canary/dodo gumbo sure does sound good right about now.
janus
just add lion head
I'll donate the okra.
i'm married to a cajun, and i preface my comments with that bona-fide to say that okra does not properly belong in gumbo...but it's a common misapprehension. gumbo is either chicken or seafood. both require a roux; in the case of the former, it's on the lighter side, seafood roux is nearly maroon. once you've gotten your roux to the right color and smell, you then add the coon-ass trinity (celery, onion & bell-pepper), and once the trinity has melted into the melange of roux, you season to taste (salt, pepper & lots and lots and lots of red-pepper). after which, you add your chicken (which must be cooked for hours) or your seafood (simmering only for ten to 20 mins -- depending on quantity).
you then serve over steamed rice.
technique is everything.
furthermore, do not confuse cajun and creole...totally different styles & favors.
in my opinion, okra was added by the crackers north of I-10 -- cause they didn't know what else to do with it.
also, ettouffe is the best cajun dish there is.
i don't mean to be an ass, it's just that i cannot stand okra -- slimy dreck, if you ask janus...and if you know cajuns, they get very emotional over the topic of gumbo.
https://www.youtube.com/watch?v=Yog-cNfqnig
son of a gun/
we'll have big fun/
on the bayou,
janus
What a nice and flavorful comment. Looking forward to my very first vist to New Orleans next year during Mardi Gras.
Don't forget to go to Cafe du Monde and eat at least a dozen beignets! So yummy.
Classic west coast swing song. Very old school. Love it. Good samba rhythm to it.
Okra's gotta be dry-cooked. Completely dried after a wash, cut up, and fried with plernty of oil. It can go in wet stuff, but the slime...
One of the first things I got served by my mother in law was a big bowl of boiled Okra. All I can say is that you had to eat it with a Kleenex. While it was second most disgusting of all time, It was the most disgusting snot I'd ever seen considered as food. (Next meal was hog jowls and black-eyed peas, with New Years Day dimes mixed in. What I saw was a half inch of lard floating on a bowl of so-so beans with extreme dental hazards. The MOST disgusting was a dish of squirrel where we had a side plate to spit out the buckshot. Wait, hard to tell here, could be the bullfrog legs collected at the county sewer station by gaffs or coming into her house to see feets and beaks poking out of the pot and asking whats for dinner and being told stew.)
As a California Desert kid I didn't have a lot of seafood in my early years, and absolutely no interaction with exotic vegitables like okra, collards, mustards (shit collected from front yards). My youth was avoiding jimson weed, collecting mormon tea, indian rice, and various cactus.
Don't care for okra, boiled, fried, steamed or in any other fashion. However, while assisting MIL church fund-raising at the Appalachicola Sea Food Festival, this one guy in the church build a concoction of sea food gumbo, with okra, that is still something I consider as a thing that rocked my socks. He made it without okra, too...but the okra added that little extra GLUE to hold it all together. It is the only thing I can consider consuming okra for.
Janus, my mom makes great fried okra. That's the only way to eat it, IMHO.
Your comment about crackers north of I-10 made me LOL because anything south of I-10 in your neck of the woods is the Gulf.
Laissez les bon temps roule!
Sorry mother fucker. Obama and Yellen burt the Rue to hell. Taste like shit.
Pattern? The Fed is making the pattern, and it most certainly isn't going down... until the one day that it does. I want to think we're very close, but I wouldn't be surprised if this went on until after the next election. I think that's the real target date for the Fed. Keep everything inflated until then, and then turn the music off. I've already got my golden chair. Do you have yours?
We've already broke through the bottom of the rising wedge for both it and DJIA. Just waiting for the bottom to finally fall out.
Whoa! Wait a second. Im reminded enlessly by Obama bot morons that everything's fine. Why just look at the stock market and the GDP numbers. Why should I believe all those canaries over the party of science, masters of enlightenment?
One reason I changed my pseudnym to 'techpriest' is because I was once one of those scientists. In reality, modern science has mutated into a pseudo-religion; politicians believe that with enough science, they an become techno-gods, with the power to make gay marriage work, make universal ethanol fuel work, grow the economy 4% every year with no carbon emissions or resource extraction, invent 3 or 4 extra genders on a whim, along with whatever other 'impossible things to believe before breakfast' pop into their heads.
As a scientist, your job is to constantly promise this techno-heaven and promise that it will all work with a little more funding. Granted, we did a lot of cool stuff in the 19th and 20th centuries, but what broke my 'faith in science' was seeing the people getting their hands on the technology. That, and the writing really is on the wall for environmental issues among others; the MSM is fearmongering about global warming but the real issues, which require reduction in government power to resolve, get little press.
The Bible has been right all along: if we give anyone the power to be a techno-god, then our culture will promptly go 4,000 years backward to the Pharaoh god-kings. Concerning the article, we really aren't that different from the Old Testament prophets writing 3,000 years ago that people said "Don't propechy the truth, tell us that things will keep getting better forever!"
Yup.
What's more, it is possible to mathematically prove how unsustainable and unworkable the technology and finance sectors are. Yet people believe in technology and finance today, as fervently as they would believe in a God.
God cannot be proved or disproved with mere math, yet if you are of a religious persuasion, your belief is somehow viewed as more "stupid", despite the availability of solid, provable, evidence to the contrary.
Well said, Salute.
Major props for telling the truth!
Just because some scientists sell out for $$$ is no reason to abandon science any more than one abandons religion because some priests are pedophiles.
If God created man, then doesn't it follow that our special talents, whatever they might be, were gifts from Him to us? Just as the choice of faith is ours, is it not also a choice to use those gifts wisely rather than to reject them simply because others fail to recognize their source?
You're both right.
Abandoning the Science Industry isn't abandoning science any more than abandoning organized religion is abandoning God. One might do either for the same reason.
... is it not also a choice to use those gifts wisely rather than to reject them simply because others fail to recognize their source?
Oh yes, of course. I'm sorry if I seemed to suggest that we abandon all science. What I was really trying to get at, was that what we call science is either 1) using scientific priniciples to do wrong, or 2) In some cases, any scientific evidence against #1 is ignored or the professors behind it have their tenure revoked.
The relationship between the Fed and the discipline of economics is an example. Economics is the science of discovering how people make decisions, and while there have been some great economists, nowadays most mainstream economists work to manufacture facts to justify interventionist policies, despite the evidence that this will be a disaster. Or, they are looking for new creative ways to keep the game going, so the Fed can continue to wave its magic wand and make the stock market/GDP/employment numbers go up.
IOW, I agree that we should continue to pursue new knowledge, but I don't think our current way of doing so is the best way. There are better alternatives.
=2033 ES. Also major trendline/support from 10/4/11 now around 2020. Mentioned other morning death cross already on YM. If this sucker don't finally break I'm outta here.
Support lines? Charts? You silly bastards believe there is a free market. HA! Whenever it dips, the fed will buy. Make book on that missy!
Totally agree. People talking about charts, patterns, support lines, elliot waves, et al. Are these people dain bramaged? The lines and charts look the way they look because the Fed makes it so. There hasn't been a semblance of a free market for ages now. SMH
Charts aren't about free markets they're about trading patterns which are completely separate from fundamentals. These are wired into the 'brains' of all those trading algos and they are more important than most anything. THEY can beat the charts and turn the market around if they wish to spend the money but it costs them bigtime to fight the power of the pattern. Why do you think the banks own so many stocks now? They have to buy, buy buy anytime they want the machines to reverse direction. So far it's worked but when it finally cracks it will be something like a head and shoulders (coupled with a nuclear weapon) that does it.
i've seen patterns like that for 6 years now, and everytime i put money on it i get reamed eventually it will be right but they see those charts too, and they can see the shorts pile up so they can burn them again.
but good eye and maybe someday we can trade head and shoulders and flags etc. etc.
That is a fairly safe bet any day.
They started right after new years eve. Conversations overheard, and reported by me here.
Given the time required for them to unwind their holdings without moving the markets,it
explains why the market has been flopping around like a dying fish for the last
three months.The real smart money is long gone,all thats left is dumb, though some of
them still believe they are the smart money.They are about to learn the difference(this time).
Saw 3 of them leave on an adventure, just today.
Gov't will continue to play pet store keep when the customer tries to return a dead parrot:
Monty Python Dead parrot
https://www.youtube.com/watch?v=4vuW6tQ0218
Public: The parrot is dead
Gov't: No its not, its just resting.
This economy is going to tip over, then there's gonna be a lot of shootin'
Yes, this. At least it will be a more honest fight that way.
WTFRLY:
Duuuude, u sparkin' up a little early today? Broke into a wee taste of the pure? Whatever do you mean by this term "honest fight?"
Sheesh, have another toke.
Ned
Ned, whoever down-voted you has never been in a fight -- and if they have, they lost.
as for janus, he's outta weed and his guyanese dealer ain't answering. and so, for the time being, it's all beer and no bud...puts me in a fighting mood -- can't wait till the mrs. gets back, as i intend to wrassle and subdue her cave-man style.
https://www.youtube.com/watch?v=BjaqrL7Kzj8
janus
janus, thanks and speaking for all of the rest of us, we appreacaiate your "pithy" post.
Please take care of the Missus--we all need to do that, don't cha' know.
- Ned
yeah, my brother...it's just instinct. i'm convinced that chics know what they want; they just don't want to admit it:
https://www.youtube.com/watch?v=uwSaccu1xXk
the creatues get it/
and the ants get it/
i bet you the pigs get/
yeah, even the plants get it,
janus
upvoted for the JACK WHITE!
I think september wll be the start of the final 7 years of hell on earth and in that time will be the complete colapse of this system.
I know, I know, "Shemitah". The problem is, it seems everyone sees that coming.
I don't know anything about 'Shemitah'. I can't see it either, I just feel that something wicked this way comes and it gets here this fall. Probably wrong, but I'm taking out insurance when I can (gold, silver).
As a newcomer here, I see constant posts about keeping Gold and Silver for "hard times".
Is this some special sort of gold and silver thsat you can eat? I can see little use in having a hoard of precious metals when what you really need is food for you and yours.
As some one with food, I would hardly want some of your gols for some of my hard tack.
There seems to be an assumption that when things go really bad, there will still be an economy to spend gold and silver in, when surely the greater likelyhood is that you will have to share with friends and family and shoot everyone else.
Ah, well, obviously you have never owned gold. You see, thinly shaved, and stir fried quickly in peanut oil over high heat with spring onions, shitake mushrooms, garlic, ginger, and a pinch of hot red pepper, its value is nearly incalculable.
Shooting will be the least of it. Expect that thin veneer called 'civilization' to fall away and we go back to the bad old days with a vengeance.....
hey the bad "old" days weren't really all that bad bro...just sayin'
"This economy is going to tip over, then there's gonna be a lot of shootin'"
Your a little late to the party. The shooting started about 10 years ago: Iraq, Yemen, Egypt, Syria, and now Turkey.
When the economy tipped over, they start a few wars overseas and pumped up a few bubbles to distract the public. Works "wonders"for a few election cycles (/sarc)
Now if they would just institute a draft consisting only of the elderly, we can really clean up some of those trillions in liabilities.
Problem is, 99.9% won't even know who to shoot, so they'll start shooting each other in all the created class divisions by the ones that should be 'shooted', and the ones that should be 'shooted' will use their armies to shoot those that are shooting.
In my 54 years on this planet and having travelled far and wide throughout the world I can say with complete sincerity I have never seen brainwashing this effective and on this level on a people that have ready access to alternate informaiton as I'm now seeing in this country.
And I'm not referring to the lumpen prols, but people whom should know better. People whose job it is to look past the media and government fog machine and make long range asset allocation and trade trend lines.
The level of ignorance is almost complete even though virtually every month so far this year we've had an epochal event in the financial/political (they are one in the same now) markets.
Technical analysis is impossible in a market without rule of law - so everyone rides trends and hopes to be able to bail out before his neighbor. Some have decided to not to play and await the blood in the streets, but generally these are those folks that don't need market income today.
The buying public is just as smart as they have ever been. As long as banks have unlimited access to money, they have unlimited ability to bribe.
very well said. I wait, and suffer with no income. I try and try, and thanks to HFT cannot get it right.
I think I just watch the VIX now and try that. knowing the short bias.
The only way to win is not to play......
duplicate
it is hard to get a man to understand something when his paycheck depends on him not understanding it.
see The Big Short by Michael Lewis.
All will be well, until it comes up and bites them in the ass.
VXX anyone?
Approaching 52. Completely agree. Have traveled extensively across North America, Australia and the Pacific Asian nations.
Same all the way around.
53, ditto
73 Ditto.
same here, 66, and fuck you NSA..................
43, Leo. Tiger in the sack.
GODDAMMIT that's funny.
There's intentional ignorance and true ignorance.
Not believing in the concept of zero when multiplying and dividing is intentional ignorance.
True ignorance of believing zero is a positive -- a great big one -- is the essence of being a zombie.
When I predict outcomes of multiplying by zero by fiduciaries courts often rule "no one knew" making me a non-human and the judges god.
According to club members, Madoff consistently scored between 84 and 88 annually. Those who golfed with him also said, "No one saw it coming".
They've been rehearsing the denial since Reagan's first term; they better be good at that shit by now.
Two years older and have to admit to my own brain-washing. However, I did overcome it with alternative information (Zero Hedge being a catalyst). But the constant lies, statistical manipulation, and market manipulation makes it almost impossible to identify was is going to be the next move unless you're an insider. And I'm not an insider.
The truth is out there, can you handle it?
https://www.youtube.com/watch?v=9YXP1LUn-CQ
bullish. i saw a big black pickup with big black wheels on the dealer lot yesterday. $70K. Maybe now is the time to get a zero down 84 month loan on that bad boy? it would great in front of my ramshackle double wide bitchez.
As an aside, are you Arnold Schwarzenneger's biggest fan by any chance? Your avatar seems to be from "Total Recall", and your account name appears a reference to the chainsaw guy in "The Running Man".
i was a big fan years ago, even bought & read some of his books. however none of his movie characters have ever been used by me as a nic or avatar.
Let's pass a law right now, before the meltdown: immediate public execution, by the most gruesome method available, for anyone who says, "No one could have seen this coming."
or:
"Green Shoots"
"It is different this time"
"You don't understand the service economy"
"Gold is a barbarous relic"
"I won't cum in your mouth" (on second thought because the gods foresaken strikeout function still doesn't work, well, strike it anyway)
- Ned
And: "If you like your health plan,,,,,,,"
strike?
Well it showed up OK in the preview.
Strike doesn't work - even when the preview says it does.
Strike?
ben complainin' to Sacrelige about that for quite a while--seems good in preview, but nada in the actual post.
And the IT folkz think that they can rule the universe with this crap? We see a post today that shows a shadow script to go rogue!
I thank the gods that the U.S. Nuclear power plants are still ancient, reliable, and analog!
GO TTL!!!!!
- Ned
Add to that:
"Shovel-Ready Jobs"
"If you’ve got a business — you didn’t build that. Somebody else made that happen."
"If you like your doctor, you can keep your doctor."
jobless recovery?
"What difference, at this time, does it make?"
You're gonna need a bigger hole.
Go directly to 9/11.
Now stop.
Think?
I'm thinking, are you?
http://www.veteranstoday.com/2015/05/04/neo-so-much-more-than-nukes/
The market sell-off already began last week. Extreme bear market from here. There's nothing left to buy.
gold miners?
Soon, but not yet. Been saying this for 3 years, so I will probably miss the actual bottom.
Heh, playing the game is so hard. I preserved about 80% of my capital in 2011 by bailing on the commodity names (mostly gold/silver miners and a few coal miners). Never jumped back in. Lost a little more trying to short the SP500 in 2013. Happy I bailed, but I always hoped I would have the guts to buy back into both positions.
Tried shorting a little NQs, and banking sector ETF. I may start averaging into the GDX over like 6months. Close the shorts and with that capital buy physical gold. Call it a day and retire wealthy maybe? Or lose it all? So hard to know in these Fed-Driven, lack of logic markets.
How many chocs must be swept away, before the ship begins to drag its chains and begins to slide int the water?? I often wonder, if the world economy is being held up by sleight of hand and artificial means waiting for the day when the controllers decide enough is enough and thus allow the ship to not only float but to sink?? Maybe when Jade Helm gets into its stride ?? Or some Middle East invasion takes place by the Cabal to distract the sheeple suffiiclently??....the question is what will replace the current system how will debt be handled, will all currencies be colllateralised using gold, Silver?? And if there is not enough of these to back all currencies??
Jade Helm is a PSYOP. This is the truth ..
http://www.veteranstoday.com/2015/05/04/neo-so-much-more-than-nukes/
" And if there is not enough of these to back all currencies?? "
Is that not the reason for dropping the gold standard? Having to have something physical to back up currency was stifling growth. Why would we revert to stagnation?
Of course we could all just grow our own veggies and milk a cow. No need for anything but barter then: worked for my Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Great Grandaddy.
The gold standard was the only impartial means to stop governments from borrowing from the future for unproductive (i.e.: War, buying votes) ventures. If we could find a totally trustworthy actor to fulfill the same funtion it would make sense to use them...but we don't have one atm. Gold didn't stifle anyting, it just kept the base currency within a known boundry condition. That's called monetary stability and it's highly desirable. It correctly calls attention to the fact we have limited resources and they should be managed / allocated with this in mind. The current system has led to extremely wild imbalances that persist over time. Gold standards force liquidation of mis-allocated resources in a timely manner (hence the rapid up and downs before the fed...those were actually signs of a healthy self-correcting system).
God help us all when this system is finally forced to deallocate all the mal-investment overhanging us.
I went long on the following ticker symbols: AG, GNZ, AMMO, FOOD, H2O
Seriously, I'm long DXD. I got in at 21.40. I should be able to hold it long enough to make a big profit and avoid the maximum Capital Gains tax after selling.
DXD will be at least 37.5 by mid-2016 if not sooner (mid-September 2015). Calling it now.
DXD will be at least 37.5 by mid-2016...
i'd rather put my finger in a light socket than buy that shit.
AND, anyone who thinks they KNOW what the world will be like a year from now is as high as a Georgia pine.
once glance at a 10y chart tells me all i need to know
More like a Lebanon Cedar ..
25% drop in The Dow by next July. I'm calling it. The Dow will fall back between 12,000 and 13,000. Hire me as your financial advisor when my prediction comes true.
NOTE: Remember that I also told you all to buy some bitcoins.
What was BTC 5 weeks ago again?
This may sound cliche. The price dropped over the weekend by over 10%, but now is the time to buy into Bitcoin. It's about to explode.
Asking me what the price of BTC was five weeks ago is like asking what the price of AAPL was 5 weeks ago...in 1999. It's an irrelevant question or arguement considering what happened with the company over time. It's a no-brainer to buy at least 1 BTC now at whatever price within the range that it is in now when in five to ten years one bitcoin may be worth $5,000, or $10,000, or even $100,000.
I told my friend who owns several bitcoin miners to sell his miners and his BCs @ 1100, and to buy it all back sub 300. I agree BC will go to new all time highs, but not for another 5 years at least, probably more like 10+ years. Hire me as your bitcoin advisor.
Yeah I got into Bitcoin at $270. Luckily I wasn't paying attention to it when it was above $1000. And unluckily I wasn't paying attention to it when it was at $3.
You are right. An investment in Bitcoin takes a lot of patience and it is only for people who believe in the technology. I never get upset when bitcoins drop in value because I know in my heart, as someone who has been using computers since the 80s, that it is an important part of our future. The people who invest and use Bitcoin today are the pioneers. We can wait for decades for the future to come.
I've been using computers since the early 70s, so where does this place moi?
I've been using computers since the early 70s, so where does this place moi?
Depends, does yer Teletype have a paper tape reader/punch?
Crypto currency is part of our future, but BitCoin: not so much.
This thread is weird; one minute all is doom and gloom, less than a year left, 7 years, whatever, run to the hills, hoard gold, now it is "bit coin is the future"; have you people not been listening?
There is no future.
I would appreciate any link to an explanation of bitcoin. To me, it seems like fiat, disappearing as soon as the power is turned off.
I would gladly read on bitcoin to change my mind.
It sounds like a cliche.
I have several coins in Cold Storage. It's part of my CYA plan.
25% drop in The Dow by next July
Optimist.
delete
The real "canary" is the SNB dropping $60B because these stupid fks own too much STAWKS!!!
A few more tanking CBs would be nice and is expected.
Not ex-canaries.
Not dead, sleeping.
"Those canaries aren't dead. They're just resting." Like Monty Python's Norwegian blue parrot skit, it's pretty obvious that those canaries sing only with the choir eternal.
Don't worry, the predators-that-be know what they're doing. I just finished my time machine, took a quick journey a few months into the future, and I can report how the experts solved the world economic problems.
Are you ready? I promise, you won't be surprised.
They simply instituted a new practice. As the world economies crash, they simply omit the minus signs from newly released economic statistics. So when the mainstream media reports... all news is good, and all charts move from lower-left to upper-right!
The worse the world economies get, the better the charts look!
PROBLEM SOLVED.
Too bad that doesn't change what's happening on the streets.
Honestlee?
All gnews is good gnews
The Canaries too?
Bye bye Lanzarote, Tenerife, La Gomera, Gran Canaria, Fuerteventura, El Hierro, La Palma.. "The Tsunami from Hell"
The Algarve will be like Bandar Aceh
Titanic on telly...she hasn't sunk...........yet
With interest rate already at zero... what will be the Fed's response if and when we go into the next recession? QE infinity?
QE has never stopped; it will be obvious when the FED's balance sheet grows another trillion YoY. If they announce QE4, which is to make it "official", then the FED may what credibility it has left and for sure it would be the last shot of heroin for the markets.
they're doing QE now, that will never show up on the fed balance sheet. phantom money. if they weren't creating secret funny money, the house of cards would topple. think about it, it's the only way they've kept the ponzi going.
Uncle Morty! We will miss you.
( snif )
Tyler, would you pleeze link to or post larger versions of the pictures you use on the front page? You violate some law of conservation when you use a thumbnail on the tease and I can't steal a usable version, like the dead canaries here.
I second that most heartily!
You of all people should know about TinEye or Google reverse image search!
http://i.imgur.com/hHCZxbD.png
Never underestimate my laziness.
Ew, it looks nasty in a larger version, never mind.
Consumer spending will increase because of the holidays, but that will still be dismal YoY. The real story that has not been told is the DOUBLE-DIGIT increase in ObamaCareLess premiums scheduled for 2016. The cost is factored into both the GDP and Consumer Spending. The problem is the Consumer Spending should net to zero because people will have to cut in some other area. However, with a little "creative accounting"; one can paint it ever how they want.
Crocodile,
At last an intelligent post.
Well, the Wall Street CON Market is the Ultimate CON game! The Fed's broke up and imprisoned the Mafia for far less!
The mafia weren't jews. They were replaced with Russian jews.
The Mafia should've hired Lloyd's lawyers (or paid off more district attorneys, regulators, cops, and politicians).
This website gets more and more ridiculous......
$10 bills to Navy beans, you are one real piece of work and not a very good one.
I see dead people.
In your dreams? ...
While you're awake? ...
Dead people like, in graves? In coffins?
Walking around like regular people. They don't see each other. They only see what they want to see. They don't know they're dead people.
How often do you see them?
All the time. They're everywhere.
This sucker could go down...
"Let them eat canaries."
Since the day this web site began, it has predicted the end. One day I have no doubt, they will be right. In the meantime there is not one original thought in any of the articles they post. There is NOT one f***ing issue that hasn’t been beaten down 100 times. The bankers know all this crap and they know how close we are to a final collapse. So they give out Trillions of $ in loose credit and people respond by borrowing money and buying cars, boats, houses and I-Toys. Cheap $ allows for massive stock buybacks, re-inflates bubbles, and people feel rich and buy more crap. The oligarchs get wealthy beyond their wildest dreams while the MIC politics for more wars. We all get it.
What is their limit? Is there one? Can credit and debt be expanded to infinity? Nobody knows, but the bankers feel they have to keep trying…expect more QE if things turn down more. The bears get fried over and over, in spite of being “right”. Rate hikes back to ‘normalized’? LMAO, instant collapse and they know it. So they do a couple of 10bps hikes and tell everyone how they raised. The government goes another Trillion $ into debt each year to add stimulus. Without it, and with austerity instead, it gets ugly real fast.
What else is there to all this?
On a long enough timeline, everybody is right at least once. Or something similar that I read here.
THE POLICE Canary in a Coalmine
http://www.youtube.com/watch?v=Ozeuu0PaOxg (2:33)
#DeadCanaryMob
Cops love steroids.
Rage on!
Shoot an arrow and draw a circle around it. Bullseye every time!!!
_portland indymedia_
Bernie Sanders at Moda 7 PM
author: www.openculture.com e-mail:e-mail: marc1seed@yahoo.com
System change, not climate change. Bernie Sanders comes to Portland at the Moda Center. By involving and not distracting one another, we become people of hope.
America needs a political revolution! The wealthiest 400 have more wealth than 150 million. 95\% of the income gains since 2000 have gone to the top 1\%. Democracy has become an oligarchy or plutocracy with checks and balances being replaced by revolving doors. Sen Sanders is not a cardboard politician who only says what people want to hear and what conforms to the script. As Sanders stopped the Post Office from closing 80 bulk mail centers, he could help bring tax justice and reverse the perversions of endless war and free trade agreements at the expense of labor and the environment.
Unlike a chair, an idea can be shared by a whole people. The strength of the Democrats is the folly of the Republicans. Sanders could lead us to a post-fossil, post-growth and post-autistic economy where work is redefined and shared, health and education are rights not privileges and the trickle-down neoliberal/neofeudal myths leading to exploding inequality, cynicism, nihilism and resignation are abandoned.
Warren Buffet would pay more federal income tax than his secretary. The $11 trillion in tax havens would be returned to counter the revenue crisis. Taxes on capital gains wouldn't be half personal income taxes. The $118K cap on social security tax liability would disappear like a distant star and public spirit, trust between the generations, would return. The education paradigm would slowly shift away from the huckster mentality to the sharing mentality. Go Bernie Go!
Here's a link to the RSA Animate presentation of Changing Education Paradigms:
https://www.youtube.com/watch\?v=zDZFcDGpL4U
homepage: homepage: http://www.freembtranslations.net
address: address: www.openculture.com
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Unlike a chair, an idea can be shared by a whole people. -- Barack O. Sanders 09.Aug.2015 17:59
blues link
Nothing surpasses the beauty and elegance of a bad idea. — Craig Bruce
You gotta be kidding, right?
Like I'm gonna swallow "Open Culture"?
Sounds like George Soros to me!
Why not end the war mongering "Democrats" and support spoiler-free simple score voting?
Can't handle that can ya?
http://portland.indymedia.org/en/2015/05/429918.shtml
The Link Provided By The Sanders Sellouts Is Broken 09.Aug.2015 18:18
blues link
Real link:
https://www.youtube.com/watch?feature=player_embedded&v=dZ2K8R76cD4
But Sanders is just one more Democrat.
Get over it. No more war hog Democrats!
Get spoiler-free simple score voting, and get your own damn strategy.
Normal people want what we want. They don't want more stupid wars for Bernie & company.
Really.
Oh Shit. Dictatorship Comers With Its Own Rock Song 09.Aug.2015 18:37
blues link
Power To The People (that's not you).
"Revolution" my farting flaming ass.
You vote for that?
Really?
O Shit Now It' "Baby Love". Disgusting! 09.Aug.2015 18:46
blues link
This is going way wrong.
This guy will stop WW-III?
No he is very much in favor of war with Russia and China.
And Vermont is fascist. I've been there. The mountains are nice, the people are nice. The government can't wait to get the F-35.
Their cops kill harmless people in churches, and the Democratic governor (Dean) approves!
Justice For Woody:
http://justiceforwoody.wtc7.net/
Revolution my flaming ass!
Reloveution? Where Have I Heard That Before? 09.Aug.2015 19:13
blues link
What about poor Woody?
They want to win walking over his grave.
Oh they are already worried worried about a "disruption". Pull out your cell phone. Get to your Facebook page. HomelessLand Security comes before anything else. Of course.
Corporate greed? I am shocked! Shocked!
Well no more "treefrade".
They keep hanging that carrot. We keep pulling.
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