Rolex

The DEA Has Stolen $3.2 Billion From Americans Without Charges Since 2007

Since 2007, the DEA has seized more than $4 billion in cash from people suspected of involvement with the drug trade. But 81 percent of those seizures, totaling $3.2 billion, were conducted administratively, meaning no civil or criminal charges were brought against the owners of the cash and no judicial review of the seizures ever occurred.

What The Hell Is Going On? - Part 2

"Desperate households across the land aren’t clinging to guns and bibles. They’re clinging to credit cards as their only lifeline in this failing empire of debt, deception, and delusion. "

The "Super Bowl Party Conversation" Indicator

"The party this weekend was an example of the third stage. Wives were walking around with freshly injected lips and botoxed faces. Men were brandishing new Rolex watches while bragging about their latest acquisitions. I now know more about their personal stock portfolios than I do about their children’s latest successes."

Yuan Soars Most In A Decade As China Moves To Relax Capital Controls

As Beijing fights to keep "Mr. Chen" and his "yellow loafers," tea, and Snickers bars from smuggling billions out of the country on behalf of Chinese citizens fearing an economic implosion and a double-digit deval, capital account convertibility may counterintuitively be one of the PBoC's most effective weapons as loosening capital controls will both calm the panicked masses and support the IMF SDR bit. Still, as Citi's David Lubin puts it, "China should expect to see gross capital outflows for the foreseeable future [and] it's not even clear that SDR inclusion will lead to a net capital inflow to China." 

Why Apple’s Launch Event Was "Creepy As Hell"

The Apple Launch is a closed circle of fawning sycophants, thrilled with gimmicks, adapted to computers, programmed, a throng of identical authentic individuals chained to their machines and congratulating themselves on being ‘connected,’ led by a human that resembles a robot. Two hours of watching the Apple Launch actually made the Manson Family seem homey.

Gold, Stocks, Oil... Choose One

Would you rather have one “Share” of the S&P 500 at $2,124, or 41 barrels of crude oil, or 1.86 ounces of gold? Yes, they are all worth the same amount at the moment, but the price relationship between the three has shifted over the decades.

Moron Madness

There is much to enjoy and savor, but it is overwhelmed by moron madness. We’ve come to believe that Aldous Huxley’s fears have been manifested on the boardwalk of Wildwood and across our entire nation. The masses don’t read books. We are inundated with so much useless information, we have been reduced to passivity and egotism. The truth is buried in a sea of irrelevance and our culture is based upon triviality. Our almost infinite desire for distractions and pleasure have produced a profoundly abnormal society. The ignorant masses are acting normally only in the context of living in a sick, demented, abnormal society.

Armed Robbery In Midtown Manhattan Jewelry Store, Shots Fired

New York's thieves are getting bolder. After years without any violent crime in that mecca of hedge funds, midtown east, moments ago the NYC Scanner reported that there was an armed robbery in a jewelry store at 510 Madison where shots were fired (seemingly unaware that NYC is a gun free zone) and while 1 suspect was in custody two are still outstanding.

America's Latest Craze: Flushing Money Down The Toilet On "Luxury" Toilet Paper (And Going Commando)

US sales of what the industry calls "luxury" rolls — anything quilted, lotioned, perfumed or ultra-soft, from two- to four-ply — climbed to $1.4 billion last year, outpacing all other kinds of toilet paper for the first time in nearly a decade, data from market research firm Euromonitor International show. The luxury market is one-fourth the size of the standard TP market, but its prominence in Big Wipe is growing faster than many industry watchers expected. Luxury toilet paper sales have grown more than 70 percent since 2000, and they're expected to keep growing faster than all other categories every year through at least 2018.