Daily Archives: November 6, 2010

Karl Denninger: America’s Alarm Clock Has Rung – Time’s Up

It’s your choice America – but where this road leads is not open to debate. These institutions that robbed you can only survive the consequences of their acts by destroying you, and they are hellbent and determined to do exactly that… 

http://market-ticker.org/akcs-www?post=171263

 

Obama has become Democrat Party’s ‘poison pill’

To more and more Democrats, Obama has become a political poison pill. He appears confused, incompetent, unsure. Now many Democrats are whispering amongst themselves about the cronyism, incompetence, backdoor deals with Wall Street bigwigs, false star…

http://www.opednews.com/articles/Obama-has-become-Democrat-by-Terrence-Aym-101104-201.html

Catherine Austin Fitts: Looting America, and The Tapeworm Economy

“I started to talk about the Tapeworm Economy, because if you look at the Tapeworm Economy, the media feeds us information about what is good for the tapeworm, and bad for us.” Catherine Austin Fitts

http://www.infowars.com/catherine-austin-fitts-the-looting-of-america/

GOP Leader McConnell Already Threatening To Make The US Default

This issue of the debt ceiling is a hot, hot, hot topic right now, since newly-emboldened GOP leaders are making noises about not increasing it…

http://www.businessinsider.com/gop-leader-mcconnell-already-threatening-to-make-the-us-default-2010-11

Quantitative Easing and You: Eating and Driving Are Going to Cost You

Since June of this year, your money weighed against a basket of other depreciating currencies has now fallen 15%! And it is in process of a 5th wave down that is breaking major support. (Dollar Index may fall below 70 by 11-14-10) 

http://economicedge.blogspot.com/2010/11/morning-update-market-thread-114-qe2.html

 

These 10 Countries Are Zooming Towards A Fiscal Crisis

The IMF has its Fiscal Monitor for November out and it points to particular countries at the center of global worries in regards to debt and largess.

http://www.businessinsider.com/here-are-the-10-countries-that-need-to-slash-debt-and-spending-the-most-2010-11

Art Cashin: “QE2 – An Open-Air Multi-Month Version Of The PPT”

I have listed the many reasons why the PPT is all smoke and mirrors over the years. So to save space, I won’t repeat. That having been said, QE2 is beginning to look like an open-air multi-month version of the PPT.

http://www.zerohedge.com/article/art-cashin-ftw-qe2-beginning-look-open-air-multi-month-version-ppt

$GS Goldman: QE2 Will Continue Into 2012, Will Be Over $2 Trillion

Incidentally, Zero Hedge now believes a $5 trillion QE3 program will be announced by July 2011, when gold is trading at $10,000, the entire Treasury curve is at zero, and stock prices are meaningless courtesy of a DXY sub 50, and every commodity…

http://www.zerohedge.com/article/goldman-qe2-will-continue-2012-will-be-over-2-trillion-models-do-not-see-rate-hike-until-201

The tunnel people of Las Vegas: How 1,000 live in flooded labyrinth

But astonishingly, the 200 miles of flood tunnels are also home to 1,000 people who eke out a living in the strip’s dark underbelly.

http://www.dailymail.co.uk/news/article-1326187/Las-Vegas-tunnel-people-How-1-000-people-live-shimmering-strip.html

Bernanke: Key Goal Of The Fed, And QE2, Is To Boost Stock Prices

So much for the Fed’s two mythical mandates of promoting “maximum employment” and maintaining “price stability.

http://www.zerohedge.com/article/bernanke-confirms-key-goal-fed-and-qe2-boost-stock-prices-create-wealth-delusion

Germany’s new e-ID cards raise hackles over privacy

Germany has introduced electronic identity cards that store personal data on microchips, raising fears over data protection in a country especially wary of surveillance due to its Nazi and Stasi past. The so-called eIDs enable owners to identify…

http://www.reuters.com/article/idUSTRE6A147M20101102

1910-2010: Federal Reserve Is Holding A Celebration On Jekyll Island

The Federal Reserve is going back to Jekyll Island to celebrate the 100 year anniversary of the infamous 1910 Jekyll Island meeting that spawned the draft legislation that would ultimately create the U.S. Federal Reserve.

http://www.businessinsider.com/fed-jekyll-island-club-2010-11

Super-Money Spent Thru June 2011 In The Range of $900 Billion

The key is to realize that supermoney can have a multiple impact on the money supply. In 2008, just before the financial crisis broke out, the multiplier impact on M2 was 10. Got that 10? Although, I don’t necessarily expect it to go that high… 

http://www.economicpolicyjournal.com/2010/11/fed-gone-mad-total-supermoney-through.html

 

The Fed Move Slams Savers, And Is A Huge Gift To The Banks

Of course, that’s great news for banks, which desperately desire a steeper yield curve in order to make money borrowing short and lending long.

http://www.businessinsider.com/the-fed-move-slams-savers-and-is-a-huge-gift-to-the-banks-2010-11