Daily Archives: November 6, 2010

Let Them Eat Mud Pie

These folks could care less if 90% of America is reduced to the status of Haiti in the long-run where people eat “mud-pies,” a mixture of dirt, salt and vegetable shortening to survive. Now, this is not my prediction for America but…

http://www.zerohedge.com/article/guest-post-let-them-eat-mud-pie

Privacy advocates fear massive fed health database

Plans by the Office of Personnel Management to build a database containing the healthcare claims of millions of Americans. OPM has provided few details about the new database and the data collected will be shared with law enforcement…

http://www.computerworld.com/s/article/9194723/Privacy_advocates_fear_massive_fed_health_database_?taxonomyId=152

Bill Fleckenstein: The Fed Is Acting Like A Politburo

Fleckenstein doesn’t want the Fed acting as a politburo deciding interest rates in a room. He lists the reasons why: in the last 15 years the Fed blew and equity bubble, then a housing bubble, and now they want to print our way to prosperity.

http://www.businessinsider.com/bill-fleckenstein-barton-biggs-qe2-2010-11

Scientists unveil moving 3D holograms

More than 30 years after the famous Star Wars movie scene in which a hologram of Princess Leia appealed for help from Obi-Wan Kenobi, US researchers have unveiled holographic technology to transmit and view moving three-dimensional images

http://www.ft.com/cms/s/2/8f071d82-e765-11df-b5b4-00144feab49a.html#ixzz14Qf5y6fz

Bernanke ‘Doesn’t Understand’ Economics, Jim Rogers Says

“Dr. Bernanke unfortunately does not understand economics, he does not understand currencies, he does not understand finance,” Rogers, 68, said in a lecture at Oxford University’s Balliol College yesterday. “All he understands is printing money.” 

http://noir.bloomberg.com/apps/news?pid=20601010&sid=avuq1q2bCK8w

Bank Holiday Rumors Swirl Amidst Currency Crisis

Rumors are once again swirling of a “bank holiday,” during which US citizens will be prevented from withdrawing money or at least limited in the amount of the withdrawal they can make.

http://www.prisonplanet.com/bank-holiday-rumors-swirl-amidst-currency-crisis.html

We Can’t Let You See How They Robbed You: $GS Goldman Sachs Again

The European Central Bank refused to disclose internal documents showing how Greece used derivatives to hide its government debt because of the ¡°acute¡± risk of roiling markets, President Jean-Claude Trichet said.

http://market-ticker.org/akcs-www?post=171353

Labor Force Participation Rate Drops To 25 Year Low, At 64.5%

The inverse silver lining to today’s jobs report that will be lost in the shuffle of what is perceived as a good NFP (despite consistent initial jobless claims of around 450K, which means that either there is a massive data error, or… 

http://www.zerohedge.com/article/labor-force-participation-rate-drops-25-year-low-645