Archive for the ‘Banana Republic’ Category

Peter Thiel : Slow impoverishment’ happening in USA…

By: admin
Published: October 21st, 2014

WE ARE OUT OF TIME ….DUH!

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‘Plunge protection’ behind market’s sudden recovery

By: admin
Published: October 21st, 2014

From NYP

Mysterious forces were trying their best, but they couldn’t keep the stock market from swooning Wednesday.

They failed in the morning, despite massive purchases of stock index futures contracts. Within minutes of the market’s opening, the Dow Jones industrial average was down 350 points. Later in the day — after a lot of shocking ebb and flow — the Dow bottomed out with a decline of 460 points.

It was only in the last hour of trading that the market saviors managed to trim the Dow loss to just 173 points. And they succeeded only after Janet Yellen’s private, upbeat remarks about the economy were leaked.

Welcome to a new kind of stock market — one that the average investor should refuse to be invested in.

Anyone whose investments tightly track the major indices is now losing money since the beginning of 2014. The Dow is down 1.1 percent on the year, with the S&P and Nasdaq up 3 percent for 2014.

Just for the record, I’ve been telling you for years that the stock market was in a bubble and that you should enjoy it while it lasts because bubbles always pop.

Of course, if you could time the end of the bubble, you’d be doing quite well. Miss the end and you are back to where you started. Or worse off in terms of confidence and finances.

Read the rest here

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All the Markets Need Is $200 Billion a Quarter From the Central Bankers

By: admin
Published: October 21st, 2014

From Bloomberg

The central-bank put lives on.

Policy makers deny its existence, yet investors still reckon that whenever stocks and other risk assets take a tumble, the authorities will be there with calming words or economic stimulus to ensure the losses are limited.

A put option gives investors the right to sell their asset at a set price so the theory goes that central banks will ultimately provide a floor for falling asset markets to ensure they don’t take economies down with them.

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Shake it Off: Obama Version

By: admin
Published: October 20th, 2014

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Santelli Debates a Few Stubborn Dumbasses….

By: admin
Published: July 14th, 2014

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Accusing Others Of Not Playing By The Rules? But Are You?…

By: admin
Published: March 7th, 2014

So the question is how do we sanction you Mr Obama, you who violate the sovereignty and privacy of the Americans and also stealing the assets of the American people…

President Obama announced that he signed an executive order authorizing sanctions on “individuals and entities responsible for violating the sovereignty and territorial integrity of Ukraine or for stealing the assets of the Ukrainian people.”

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Unaccountable – Behind the Pentagon’s doctored ledgers, a running tally of epic waste

By: admin
Published: November 19th, 2013

From Reuters

For two decades, the U.S. military has been unable to submit to an audit, flouting federal law and concealing waste and fraud totaling billions of dollars

Linda Woodford spent the last 15 years of her career inserting phony numbers in the U.S. Department of Defense’s accounts.

Every month until she retired in 2011, she says, the day came when the Navy would start dumping numbers on the Cleveland, Ohio, office of the Defense Finance and Accounting Service, the Pentagon’s main accounting agency. Using the data they received, Woodford and her fellow DFAS accountants there set about preparing monthly reports to square the Navy’s books with the U.S. Treasury’s – a balancing-the-checkbook maneuver required of all the military services and other Pentagon agencies.

And every month, they encountered the same problem. Numbers were missing. Numbers were clearly wrong. Numbers came with no explanation of how the money had been spent or which congressional appropriation it came from. “A lot of times there were issues of numbers being inaccurate,” Woodford says. “We didn’t have the detail … for a lot of it.”

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Do you remember in 2001 just one day before 9-11-2001 Donald Rumsfeld said that the Pentagon cannot account for $2.3 TRILLION…

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