| By Lisa Archer, Food and Technology program Director, Friends of the Earth Bees are essential to our food system and are dying at alarming rates. Neonic pesticides are a key part of the problem. But we have the power to fix the problem, starting with our own backyards. Here’s the thing. We know Home Depot and Lowe’s can do it! Europe has banned bee-harming pesticides and top retailers in the UK are refusing to sell them. Friends of the Earth is challenging top garden retailers to make the same commitment here in the US. The bees have enough troubles -- our backyard gardens should be havens for bees -- not death traps. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| Will we as a species ultimately suffer a sort of “heat death” as Hansen Study: Climate Sensitivity Is High, Burning All Fossil Fuels Would Make Most Of Planet ‘Uninhabitable’ suggests. No, according to Peter Schwarz, our ultimate fate is to populate the galaxy:
Ultimately, our cradle planet may be uninhabitable. But, the smartest among us will survive and populate the stars. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Due to delayed availability of equity data, we will have a special update on Wednesday morning. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. The stock market likely topped today on a piece of fluff: Larry Summers will not be the next Fed Head. Bad news for some, good news for others. Wall Street loves to play with printed money and Summers threatened to spoil that game. By the end of the day, the NASDAQ had lost all of the day's gains and closed at Friday's lows. What do they know that the rest of the street doesn't? |
| This article originally appeared in Ron Paul's Weekly Column, Texas Straight Talk : By Ron Paul Will the history books record these past couple of weeks as the point when the tide finally turned against our interventionist foreign policy? We began September with the Obama Administration on the verge of launching Tomahawk missiles at Syria. The missiles were needed, the administration claimed, to punish the Syrian government for using poison gas on its own people. There were reports that in addition to missiles, the administration was planning airstrikes and possibly even more military action against Syria. The talks of a punishing "shot across the bow" to send a message to the Syrian government also escalated, as some discussed the need to degrade the Syrian military to help change the regime. They refused to rule out a US ground invasion of Syria. Secretary of State John Kerry even invoked an old bogeymen that had worked so many times before. Assad was another Hitler, we were told, and failure to attack would equate to another Neville Chamberlain-like appeasement. The administration released its evidence to back up the claim that the Syrian government was behind the gassing, and the president asked Congress to authorize him to use force against Syria. Polls showed that the American people had very little interest in getting involved in another war in the Middle East, and as the administration presented no solid evidence for its claim, public support eroded further. The media, as usual, was pushing war propaganda. Then something incredible happened. It started in the British parliament, with a vote against participating in a US-led attack on Syria. The UK had always reliably backed the US when it came to war overseas, and the vote was a shock. Though the House and Senate leadership lined up behind the president's decision to attack Syria, the people did not. Support among the rank and file members of the Senate and House began to evaporate, as thousands of Americans contacted their representatives to express outrage over the president's plan. The vote looked to be lost in the House and uncertain in the Senate. Then even Senators began to feel the anger of the American people, and it looked like a devastating and historic loss for the president was coming. The administration and its pro-war allies could not bear to lose a vote in Congress that would have likely shut the door completely on a US attack, so they called off the vote. At least for now. It would have been far better to have had the president's request for war authorization debated and voted down in the House and Senate, but even without a no vote it is clear that a major shift has taken place. A Russian proposal to secure and dismantle the Syrian government's chemical weapons was inspired, it seems, by John Kerry's accidental suggestion that such a move could avert a US strike. Though the details have yet to be fully worked out, it seems the Russia plan, agreed to by the Syrian government, gives us hope that a US attack will be avoided. The American people have spoken out against war. Many more are now asking what I have been asking for quite some time: why is it always our business when there is civil strife somewhere overseas? Why do we always have to be the ones to solve the world's problems? It is a sea change and I am very encouraged. We have had a great victory for the cause of peace and liberty and let's hope we can further build on it. |
| #SubscriberNotes and the #WeekendAnalysis PDP have been updated on the website. Have a great trading week! Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| The following article originally appeared on Paul Craig Roberts' website as Putin Steps Into World Leadership Role : Putin’s article in the September 11 New York Times has the stuck pigs squealing. The squealing stuck pigs are just who you thought they would be–all those whose agendas and profits would be furthered by an attack on Syria by the obama Stasi regime. Included among the squealing stuck pigs are Human Rights Watch bloggers who seem to be financed out of the CIA’s back pocket. Does any institution remain that has not been corrupted by Washington’s money? Notice that the reason Putin is being criticized is that he has blocked the obama regime from attacking Syria and slaughtering countless numbers of Syrians in the name of human rights. The stuck pigs are outraged that obama’s war has been blocked. They were so much looking forward to the mass slaughter that they believe would advance their profits and agendas. Most of Putin’s critics are too intellectually challenged to comprehend that Putin’s brilliant and humane article has left Putin the leader of the free world and defender of the rule of law and exposed obama for what he is–the leader of a rogue, lawless, unaccountable government committed to lies and war crimes. Putin, being diplomatic, was very careful in his criticism of obama’s September 10 speech in which obama sought to justify Washington’s lawlessness in terms of “American exceptionalism.” Obama, attempting to lift his criminal regime by the bootstraps up into the moral heavens, claimed that United States government policy is “what makes America different. It’s what makes us exceptional.” What obama told Americans is exactly what Hitler told the Germans. The Russians, having borne more than anyone else the full weight of the German war machine, know how dangerous it is to encourage people to think of themselves as exceptional, unbound by law, the Geneva Conventions, the UN Security Council, and humane concerns for others. Putin reminded obama that “God created us equal.” If Putin had wanted to give obama the full rebuke that obama deserves, Putin could have said: “obama is correct that the policy of the US government is what makes the US exceptional. The US is the only country in the world that has attacked 8 countries in 12 years, murdering and dispossessing millions of Muslims all on the basis of lies. This is not an exceptionalism of which to be proud.” Putin is obviously more than a match for the immoral, low grade morons that Americans put into high office. However, Putin should not underestimate the mendacity of his enemies in Washington. Putin warned that the militants that Washington is breeding in the Middle East are an issue of deep concern. When these militants return to their own countries, they spread destabilization, as when extremists used by the US in the overthrow of Libya moved on to Mali. The destabilization of other countries is precisely the main aim of Washington’s wars in the Middle East. Washington intends for radicalization of Muslims to spread strife into the Muslim populations of Russia and China. Washington’s propaganda machine will then turn these terrorists into “freedom fighters against oppressive Russian and Chinese governments,” and use Human Rights Watch and other organizations that Washington has penetrated and corrupted to denounce Russia and China for committing war crimes against freedom fighters. No doubt, chemical weapons attacks will be orchestrated, just as they have been in Syria. If Washington’s NATO puppet states wake up in time, the warmongers in Washington can be isolated, and humanity could be spared WWIII. |
The bottom line: the worst terrorists turn out to be what should have been the good guys—some police officers. Now, technology and freedom-loving citizens have found a way to block the bad guys. Amanda Billyrock describes her Adventures In Cop-Blocking:
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| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes and the #WeekendAnalysis PDF have been updated on the website. Have a great trading week! Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
Paul Craig Roberts on today's Bureau of Labor Statistics (BS) Employment Report:I am not doing a payroll employment report this month. It is the same old thing. No goods producing jobs, just lowly paid nontradable domestic services: 44,000 in retail trade, 38,000 in health care and social assistance (primarily ambulatory health care services), 21,000 waitresses and bartenders. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
For all those deniers out there who are claiming we aren't raising temperatures, just read this: Coal soot shrank the Alpine glaciers in mid-19th-century Europe, according to new findings that show how black carbon alone, even without warmer temperatures, can affect ice and snow cover. The research, which involved a Univ. of Michigan (U-M) atmospheric scientist, provides insights into when the so-called Little Ice Age ended and why European glaciers began to retreat decades before global temperatures rose. The Little Ice Age was a relatively recent few-hundred-year period of long, severe winters across much of the planet. Glaciers encroached on mountain villages and rivers and harbors froze over. Shorter, unpredictable growing seasons led to scattered famines. Scientists have interpreted temperature records to show that it ended sometime in the late 19th or early-20th century. But European glacier records tell a different story. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
It's now autumn if you follow meteorology. And, some count Labor Day as the beginning of boreal autumn. But, the climate is extending summer further and further to the right. It's not a good thing for it means an increasing loss of productivity for outdoor workers, as Labor Day 2050: Global Warming And The Coming Collapse Of Labor Productivity makes clear:
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Monday is Labor Day in the USA and markets will be closed. #SubscriberNotes and the #WeekendAnalysis PDF have been updated on the website. Have a great trading week! Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| The Federal Reserve is our inflation-generator. Their stated goal is to inflate by 2% per annum—and they will accept a 2½% inflation rate. It doesn't sound like much, but over a five-year period, that's inflation of over 13%. Over a ten-year period, that's 28% inflation. Over 20 years, it's almost 64%. Take that into consideration when you hear the debate about raising the minimum wage. Also, remember that an annual inflation rate that sounds relatively small is actually a gargantuan inflation rate over a period of decades. Before the Federal Reserve was created by banksters one hundred years ago, the price level had remained relatively stable over a period of several centuries. One thing is clear about the Fed and inflation: the Fed creates inflation. Anyone who claims that the Fed keeps a lid on inflation just isn't well informed on either history or the Fed. |
| The government reported that GDP grew at a 2.52% annualized rate in the second quarter of 2013, according to the Consumer Metrics Institute . Originally, the government said GDP was growing at a rate of just 1.68%, so their new estimate says that growth was 50% higher than before. Right there, that 50% error should tell you something about government. They simply get the numbers wrong most of the time. How do they get it wrong? The Institute says:
Clearly, their handy inflation rate of 0.71% made most of the difference. If they had used more reasonable numbers, GDP growth would have declined in the second quarter from the first quarter. You pays your taxes and you gets your lies. Anyone who belives the government tells the truth should dunk their head in a bucket of cold water. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
Bonds No Safe Haven from Stock Market RiskBy Elliott Wave InternationalTwo months ago, Federal Reserve Chairman Ben Bernanke said he was puzzled by the upward surge in Treasury yields. And bond yields are even higher now, reaching a two-year high on August 15. But the rise in bond yields - and the concomitant drop in bond prices since they move inversely to yields - is no surprise to EWI analysts. EWI's June 2012 Special Report on bonds noted: "If rates do begin to rise as we expect, most observers will probably be fooled. Bulls on the economy may take the new trend as a sign of economic expansion." Indeed, on August 15, the financial media linked the spike in U.S. Treasury yields to economic improvement:
Also note that the August 15 plummet in bond prices occurred on the same day that stocks took a triple-digit dive. So much for the mainstream idea that a portfolio should include bonds to balance stock market risk. In 2002, when Robert Prechter's financial best-seller Conquer the Crash was first published, he warned of what to expect in the kind of financial environment that we have now:
The lesson? If we are now in the early stages of a financial environment that is similar to what unfolded during the Great Depression, then it would serve investors well to learn what happened to bonds from 1929-1932. How can you do that? EWI's most recent publications tell you how the financial lessons of the Great Depression apply to today, and they give you an idea of how high bond yields could climb. More than that, you can find in-depth analysis of the sweeping economic trend that could surpass the severity of the Great Depression. Bonds just hit a two-year low. The impact on your portfolio may be significant, and the significance for our economy substantial. Elliott Wave International has released a special report on bonds. You can see a part of that report now -- FREE! See below for full details.
This article was syndicated by Elliott Wave International and was originally published under the headline Bonds No Safe Haven from Stock Market Risk . EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
NRG Energy CEO David Crane speaks with Alix Steel about electric cars and energy sector innovations on Bloomberg Television's "Taking Stock." (Source: Bloomberg) That's the opinion of David Crane, chief executive officer of NRG Energy, a wholesale power company based in Princeton, N.J. What's afoot is a confluence of green energy and computer technology, deregulation, cheap natural gas, and political pressure that, as Crane starkly frames it, poses "a mortal threat to the existing utility system." He says that in about the time it has taken cell phones to supplant land lines in most U.S. homes, the grid will become increasingly irrelevant as customers move toward decentralized homegrown green energy. Rooftop solar, in particular, is turning tens of thousands of businesses and households into power producers. Such distributed generation, to use the industry's term for power produced outside the grid, is certain to grow. Crane, 54, a Harvard-educated father of five, drives himself to work every day in his electric Tesla Model S. He gave his college-age son an electric Nissan Leaf. He worries about the impact of warming on the earth his grandchildren will inherit. And he seems to relish his role as utility industry gadfly, framing its future in Cassandra-like terms. As Crane sees it, some utilities will get trapped in an economic death spiral as distributed generation eats into their regulated revenue stream and forces them to raise rates, thereby driving more customers off the grid. Some customers, particularly in the sunny West and high-cost Northeast, already realize that "they don't need the power industry at all," Crane says. He's not alone in his assessment, though. An unusually frank January report by the Edison Electric Institute (EEI), the utilities trade group, warned members that distributed generation and companion factors have essentially put them in the same position as airlines and the telecommunications industry in the late 1970s. "U.S. carriers that were in existence prior to deregulation in 1978 faced bankruptcy," the report states. "The telecommunication businesses of 1978, meanwhile, are not recognizable today." Crane prefers another analogy. Like the U.S. Postal Service, he says, "utilities will continue to serve the elderly or the less fortunate, but the rest of the population moves on." And while his utility brethren may see the grid as "the one true monopoly, I'm working for the day the grid is diminished." Anthony Earley Jr., CEO of giant Pacific Gas & Electric, doesn't share Crane's timetable for the coming disruption—he thinks it's further out—but he does agree about the seriousness of the threat. Solar users drain revenue while continuing to use utility transmission lines for backup or to sell their power back to the power company. How can power companies pay for necessary maintenance and upgrades of the grid if that free ride continues? "No less than the stability of the grid is at stake," he says. So far regulators in Louisiana, Idaho, and California have rejected calls to impose fees or taxes on solar users. Worldwide revenue from installation of solar power systems will climb to $112 billion a year in 2018, a rise of 44 percent, taking sales away from utilities, according to analysts at Navigant Research, which tracks worldwide clean-energy trends. "Certain regions in California, Arizona, and Hawaii are already feeling the pain," says Karin Corfee, a managing director of Navigant's energy practice. "We'll see a different model emerge." After subsidies, solar power is competitive with grid power costs in large parts of those markets. Some areas in the Northeast will reach a similar "grid parity"—where residential solar is equal in cost to power from a utility—within three years; a majority of states could get there in 10 years or less, according to data from a variety of green energy and regulatory sources. A July report by Navigant says that by the end of 2020, solar photovoltaic-produced power will be competitive with retail electricity prices—without subsidies—"in a significant portion of the world." Green-thinking communities such as San Francisco and Boulder, Colo., are starting to bypass local utility monopolies to buy an increasing portion of power from third-party solar and wind providers. Chicago recently doubled the amount of power it buys from downstate wind farms. Read more here. |
Evolution at work in a city near you: In a study published yesterday, University of Minnesota biologist Emilie Snell-Rood examined a collection of mammal skulls from 10 different species to see how animal brains might be adapting to more urban environments. She found that some species are developing bigger brains in response to human disruption to their environment, both in urban and in rural communities in Minnesota. By Snell-Rood's estimates (using cranial capacity to approximate brain size), urban-dwelling white-footed mice and meadow voles have brains that are 6 percent larger than their rural counterparts. She and her co-author also found an increase in brain size among two species of shrews and two species of bats collected from rural areas of Minnesota.... Some previous studies have found better learning and cognitive ability to be correlated with bigger brain size, though the link is disputed. Snell-Rood concludes that bigger brains and the accompanying increase in cognition could have helped animals adapt to the new challenges of finding food and surviving in human-dominated cities rather than the forests and prairies that once covered Minnesota. The current study suggests a follow-up exploring the question of brain size and urban vs. rural environments in live animals, since these results only show a correlation between the two, not a causal relationship. |
| #SubscriberNotes and our #WeekendAnalysis PDF have been updated on the website. Have a great trading week! Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| Earth has revolved around its star one time since Neil Armstrong left us. The first man to step onto another world is remembered in this video. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
Elliott Wave International has just released a special report entitled 3 Dangerous Myths About Rising Bond Yields . Here's what they have to say about it:Now that interest rates are up 100% and bonds are down 20%, pundits are jumping aboard the forecast for rising yields. But they are missing the most important parts of the story for investors: why yields are rising, and what that says about prosperity (it undercuts it dramatically) and inflation (think the opposite). Prepare yourself now - download this short free report from EWI today. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
Market Trends, Space Programs, Rogue Waves: None are LinearBy Elliott Wave InternationalLet's begin with the old paradox: "The only constant is change." This is the main reason why projecting present conditions into the financial future so often fails.
Linear thinking can be detected in our common experiences as well. For example, what do you make of the socially awkward classmate in high school who grows up to be a successful business owner? Or the former class president who was voted most likely to succeed but now struggles to get by in adulthood? Projections for each of their futures were probably just the opposite of how their lives turned out. In an article some years ago, my EWI colleague Robert Folsom addressed the flaws of linear thinking when he wrote about rogue waves, which a BBC report described this way: "Freak waves are the stuff of legend. They aren't just rare; according to traditional views of the sea, they shouldn't exist at all. Oceanographers and meteorologists have long used a mathematical system called the linear model to predict wave height. This assumes that waves vary in a regular way around the average (so-called significant) wave height. In a storm sea with a significant wave height of 12m, the model suggests there will hardly ever be a wave higher than 15m. One of 30m could indeed happen -- but only once in ten thousand years." Folsom then went on to explain that, in 2006, the European Space Agency had used a satellite to take thousands of photos of the ocean's surface during a three-week period. It recorded 10 giant rogue waves, each at least 82 feet high. So much for the idea that towering rogue waves could happen only once in 10,000 years. Unexpected nonlinear occurrences can also unfold in the stock market. Elliott can prepare you psychologically for the fluctuating nature of price movement and free you from sharing the widely practiced analytical error of forever projecting today's trends linearly into the future. Most important, the Wave Principle often indicates in advance the relative magnitude of the next period of market progress or regress. -- Elliott Wave Principle, (p. 94) What is the magnitude of the next market period likely to be? You may be astonished to find out, if you've been thinking linearly up until now. It's time to start thinking differently from the herd and you can start doing just that with some help from a free resource from Elliott Wave International. See below for full details.
This article was syndicated by Elliott Wave International and was originally published under the headline Market Trends, Space Programs, Rogue Waves: None are Linear . EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world. |
Jon Corzine Guilty: Former Goldman Sachs CEO Is “Legally Responsible” for Misusing Customer Money :Court documents released today by the CFTC declare Jon Corzine guilty in 2011′s MF Global scandal.... As one commenter said, “You can get 10 years for stealing $30 with a gun, but a slap on the wrist for stealing 1 billion with a pen.” |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| The Fed and Ben Bernanke would like us to believe that the economy is just fine and that the Fed will be tapering its debt purchases starting “real soon now.” The stock market dropped hard and bonds fell out of bed on the talk. But, what if the Fed was simply “jawboning” the markets to slow the speculative fever? What if the Fed has no intention of tapering at all? It all adds up to the Fed putting one over on the markets in that case. We don't know if this is the real situation or not, but what would you do if you were the Fed and you saw the speculative bubbles in the bond and stock markets? You'd probably spin a story about tapering, wouldn't you? In reality the economy is in a barely-disguised recession and is being levitated by Fed printed money. If you were the Fed, would you understand that if tapering were to happen, the economy would collapse? Give the Fed credit where credit is due: they've paused the speculative bubbles in stocks and bonds rather than pricking them like a lot of central bankers would have done. The big question is how long the market will stay in pause mode here before either resuming their speculative excess, or collapsing as all good bubbles eventually end up doing? |
| #SubscriberNotes and the #WeekendAnalysis PDF have been updated on the website. Have a great trading week! Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| The stock market bulls are currently smug and happy, but this is the “BEFORE” picture. They've seen good gains recently. But, what they don't realize is that history does rhyme—it doesn't necessarily repeat itself exactly—but it does rhyme. Right now, we are repeating the 2007 major top in stocks in terms of valuation and pattern. Confirmation of this comes from Mark Hulbert, who says: Here's yet another reason to be worried about the stock market: A valuation model with an impressive record says that stocks are as overvalued today as they were at the 2007 stock market peak. The bulls may be smiling now, but that smile is going upside down very soon. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
By Paul Craig Roberts Americans will soon be locked into an unaccountable police state unless US Representatives and Senators find the courage to ask questions and to sanction the executive branch officials who break the law, violate the Constitution, withhold information from Congress, and give false information about their crimes against law, the Constitution, the American people and those in Afghanistan, Pakistan, Yemen, Iraq, Libya, Syria, Somalia, Guantanamo, and elsewhere. Congress needs to use the impeachment power that the Constitution provides and cease being subservient to the lawless executive branch. The US faces no threat that justifies the lawlessness and abuse of police powers that characterize the executive branch in the 21st century. Impeachment is the most important power of Congress. Impeachment is what protects the citizens, the Constitution, and the other branches of government from abuse by the executive branch. If the power to remove abusive executive branch officials is not used, the power ceases to exist. An unused power is like a dead letter law. Its authority disappears. By acquiescing to executive branch lawlessness, Congress has allowed the executive branch to place itself above law and to escape accountability for its violations of law and the Constitution. National Intelligence Director James R. Clapper blatantly lied to Congress and remains in office. Keith B. Alexander, Director of the National Security Agency, has also misled Congress, and he remains in office. Attorney General Holder avoids telling Congress the truth on just about every subject, and he also remains in office. The same can be said for President Obama, one of the great deceivers of our time, who is so adverse to truth that truth seldom finds its way out of his mouth. If an American citizen lies to a federal investigator, even if not under oath, the citizen can be arrested, prosecuted, and sent to prison. Yet, these same federal personnel can lie to Congress and to citizens with impunity. Whatever the American political system is, it has nothing whatsoever to do with accountable government. In Amerika no one is accountable but citizens, who are accountable not only to law but also to unaccountable charges for which no evidence is required. Congress has the power to impeach any presidential appointee as well as the president. In the 1970s Congress was going to impeach President Richard Nixon simply because he lied about when he learned of the Watergate burglary. To avoid impeachment, Nixon resigned. In the 1990s, the House impeached President Bill Clinton for lying about his sexual affair with a White House intern. The Senate failed to convict, no doubt as many had sexual affairs of their own and didn’t want to be held accountable themselves. In the 1970s when I was on the Senate staff, corporate lobbyists would send attractive women to seduce Senators so that the interest groups could blackmail the Senators to do their bidding. Don’t be surprised if the NSA has adopted this corporate practice. The improprieties of Nixon and Clinton were minor, indeed of little consequence, when compared to the crimes of George W. Bush and Obama, their vice presidents, and the bulk of their presidential appointees. Yet, impeachment is “off the table,” as Nancy Pelosi infamously declared. http://www.nytimes.com/cq/2006/11/08/cq_1916.html Why do Californian voters send a person to Congress who refuses to protect them from an unaccountable executive branch? Who does Nancy Pelosi serve? Certainly not the people of California. Most certainly not the US Constitution. Pelosi is in total violation of her oath of office. Will Californians re-elect her yet again? Little wonder America is failing. The question demanding to be asked is: What is the purpose of the domestic surveillance of all Americans? This is surveillance out of all proportion to the alleged terrorist threat. The US Constitution is being ignored and domestic law violated. Why? Does the US government have an undeclared agenda for which the “terrorist threat” is a cover? What is this agenda? Whose agenda is more important than the US Constitution and the accountability of government to law? No citizen is secure unless government is accountable to the Constitution and to law. It is an absurd idea that any American is more threatened by terrorism than by unaccountable government that can execute them, torture them, and throw them in prison for life without due process or any accountability whatsoever. Under Bush/Obama, the US has returned to the unaccountable power of caesars, czars, and autocrats. In the famous play, “A Man For All Seasons,” Sir Thomas More, Chancellor of England, asks: So, you would have me to cut down the law in order to chase after devils? And what will we do, with the law cut down, when the devil turns on us? This is the most important legal question ever asked, and it is seldom asked today, not in our law schools, not by our bar associations, and most certainly not by the Justice (sic) Department or US Attorneys. American conservatives regard civil liberties as mere excuses for liberal judges to coddle criminals and terrorists. Never expect a conservative Republican, or more than two or three of them, to defend your civil liberty. Republicans simply do not believe in civil liberty. Democrats cannot conceive that Obama–the first black president in office, a member of an oppressed minority–would not defend civil liberty. This combination of disinterest and denial is why the US has become a police state. Civil liberty has few friends in government, the political parties, law schools, bar associations, or the federal judiciary. Consequently, no citizen is secure. Recently, a housewife researched online for pressure cookers looking for the best deal. Her husband was searching for a backpack. The result was that a fully armed SWAT team appeared at the door demanding to search the premises and to have questions answered. http://www.theatlanticwire.com/national/2013/08/government-knocking-doors-because-google-searches/67864/ I am always amazed when someone says: “I haven’t done anything wrong. I have nothing to fear.” If you have nothing to fear from the government, why did the Founding Fathers put the protections in the Constitution that Bush and Obama have stripped out? Unlike the Founding Fathers who designed our government to protect the citizens, the American sheeple trust the government to their own demise. Glenn Greenwald recently explained how the mass of data that is being accumulated on every American is being mined for any signs of non-terrorist-related criminal behavior. As such warrantless searches are illegal evidence in a criminal trial, the authorities disguise the illegal way in which the evidence is obtained in order to secure conviction based on illegally obtained evidence. http://www.informationclearinghouse.info/article35773.htm In other words, the use of the surveillance justified by the “war on terror” has already spread into prosecutions of ordinary criminals where it has corrupted legal safeguards and the integrity, if any, of the criminal court system, prosecutors and judges. This is just one of the many ways in which you have much to fear, whether you think you are doing anything wrong or not. You can be framed for crimes based on inferences drawn from your Internet activity and jokes with friends on social media. Jurors made paranoid by the “terrorist threat” will convict you. We should be very suspicious of the motive behind the universal spying on US citizens. The authorities are aware that the terrorist threat does not justify the unconstitutional and illegal spying. There have been hardly any real terrorist events in the US, which is why the FBI has to find clueless people around whom to organize an FBI orchestrated plot in order to keep the “terrorist threat” alive in the public’s mind. At last count, there have been 150 “sting operations” in which the FBI recruits people, who are out of touch with reality, to engage in a well-paid FBI designed plot. Once the dupes agree, they are arrested as terrorists and the plot revealed, always with the accompanying statement that the public was never in any danger as the FBI was in control. When 99 percent of all terrorism is organized by the FBI, why do we need NSA spying on every communication of every American and people in the rest of the world? Terrorism seldom comes from outside. The source almost always is the government in power. The Czarist secret police set off bombs in order to blame and arrest labor agitators. The Nazis burned down the Reichstag in order to decimate the communists and assume unaccountable power in the name of “public safety.” An alleged terrorist threat is a way of using fear to block popular objection to the exercise of arbitrary government power. In order to be “safe from terrorists,” the US population, with few objections, has accepted the demise of their civil liberties, such as habeas corpus, which reaches back centuries to Magna Carta as a constraint on government power. How, then, are they safe from their government? Americans today are in the same position as the English prior to the Great Charter of 1215. Americans are no longer protected by law and the Constitution from government tyranny. The reason the Founding Fathers wrote the Constitution was to make citizens safe from their government. If citizens allow the government to take away the Constitution, they might be safe from foreign terrorists, but they are no longer safe from their government. Who do you think has more power over you, foreign terrorists or “your” government? Washington defines all resistance to its imperialism and tyranny as “terrorism.” Thus, Americans who defend the environment, who defend wildlife, who defend civil liberties and human rights, who protest Washington’s wars and robbery of the people in behalf of special interests, all become “domestic extremists,” the term Homeland Security has substituted for “terrorist.” Those who are out of step with Washington and the powerful private interests that exploit us, other peoples, and the earth for their profits and power fall into the wrong side of Bush’s black and white division of the world: “you are for us or against us.” In the United States independent thought is on the verge of being criminalized as are constitutionally guaranteed protests and the freedom of the press. http://www.theguardian.com/commentisfree/2013/aug/10/james-risen-prison-journalism-criminalised The constitutional principle of freedom of speech is being redefined as treason, as aiding an undefined enemy, and as seeking to overthrow the government by casting aspersions on its motives and revealing its secret misdeeds. The power-mad inhabitants of Washington have brought the US so close to Gestapo Germany and Stalinist Russia that it is no longer funny. Indeed, it is sometimes difficult to see the difference. The neoconservatives have declared that Americans are the “exceptional” and “indispensable people.” Yet, the civil liberties of Americans have declined the more “exceptional” and “indispensable” that Americans become. We are now so exceptional and indispensable that we no longer have any rights. And neither does the rest of the world. Neoconservatism has created a new dangerous American nationalism. Neoconservatives have given Washington a monopoly on right and endowed its military aggressions with a morality that supersedes the Geneva Conventions and human rights. Washington, justified by its “exceptionalism,” has the right to attack populations in countries with which Washington is not at war, such as Pakistan and Yemen. Washington is using the cover of its “exceptionalism” to murder people in many countries. http://news.antiwar.com/2013/08/11/us-drones-pound-yemen-but-targets-arent-all-militants/print/ Hitler tried to market the exceptionalism of the German people, but he lacked Washington’s Madison Avenue skills. Washington is always morally right, whatever it does, and those who report its crimes are traitors who, stripped of their coddling by civil liberties, are locked away and abused until they confess to their crimes against the state. Anyone who tells the truth, such as Bradley Manning, Julian Assange, and Edward Snowden, are branded enemies of the state and are ruthlessly persecuted. How does the “indispensable, exceptional nation” have a diplomatic policy? How can a neoconized State Department be based on anything except coercion? It can’t. That is why Washington produces nothing but war and threats of war. Wherever a person looks, whatever a person hears, it is Washington’s threat–“we are going to bomb you into the stone age” if you don’t do what we want and agree to what we require. We are going to impose “sanctions,” Washington’s euphemism for embargoes, and starve your women and children to death, permit no medical supplies, ban you from the international payments system unless you relent and consent to being Washington’s puppet, and ban you from posting your news broadcasts on the Internet. This is the face that Washington presents to the world: the hard, mean face of a tyrant. Washington’s power will survive a bit longer, because there are still politicians in Europe, the Middle East, Africa, Asia, Latin America and in Canada, Australia, New Zealand, and the NGOs in Russia, who are paid off by the almighty dollar. In exchange for Washington’s money, they endorse Washington’s immorality and murderous destruction of law and life. But the dollar is being destroyed by Quantitative Easing, and the domestic US economy is being destroyed by jobs offshoring. http://www.manufacturingnews.com/news/TAA0731131.html Rome was powerful until the Germans ceased to believe it. Then the rotten edifice collapsed. Washington faces sooner or later the same fate. An inhumane, illegal, unconstitutional regime based on violence alone, devoid of all morality and all human compassion, is not acceptable to China, Russia, India, Iran, and Brazil, or to readers of this column. The evil that is Washington cannot last forever. The criminals might destroy the world in nuclear war, but the lawlessness and lack of humanity in Washington, which murders more people as I write, is no longer acceptable to the rest of the world, not even to its European puppet states, despite the leaders being on Washington’s payroll. Gorbachev is correct. The collapse of the Soviet Union was a debacle for the entire world. It transformed the US from the “city upon the hill,” the “beacon for humanity,” into an aggressive militarist state. Consequently, Amerika has become despised by everyone who has a moral conscience and a sense of justice. Originally published at Humanity Is Drowning In Washington’s Criminality. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| The oversold rally in the 30-year bond market may be over and investors who bought bond futures, ZBU13, on our recommendation should now take profits. |
| #SubscriberNotes and the #WeekendAnalysis PDF have been updated on the website. Have a great trading week! Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| The central bank of the United States, the Federal Reserve, has created a monster. We call it the FederalReservenstein Monster because they have reanimated the dead economy of 2008 and created an economy which looks alive, but is not. When the financial world was falling apart in 2008, the Federal Reserve decided to reanimate the monster. The only way they knew how to save it was by printing money and to buy debt instruments from bankers with that money. This allowed the bankers to buy equities, sending them soaring. But, at the same time, those bankers decided not to lend that money into the economy to provide opportunities for businesspersons and jobs for laborers. The Fed was essentially “pushing on a string.” Unable to directly stimulate the economy, there have been no new full-time jobs created despite trillions of dollars which have been printed by central bankers. Quantitative Easing is just another word for Bankster Welfare. It is clear that the economy is not better off today than it was when Quantitative Easing first began. Oh, stock prices are in neverneverland in terms of historic overvaluation. Once again, the Fed's remedies have blown another bubble. And, we know what happens when the Fed blows a bubble—it eventually bursts and sends the economy deep into recession. Chart-wise, it's also easy to see where we are heading. If the Fed gets serious about tapering its QE policies, recession and a stock market crash are inevitable: |
| We often mention the bad effects of climate change. And, 16 Of Your Favorite Things That Climate Change Is Totally Screwing Up lists many things you won't like seeing. But, there are businesses which can actually profit from climate change. Here in Austin, TX, during the last seven summers, we have suffered through the six hottest seasons in history, so we definitely know climate change. Today, we took our car to our trusted car repair shop and found that business is booming. So many cars are breaking down under the new climate order that repair businesses are full up. This concept may apply to all kinds of other businesses as well. Certainly, air conditioning units are selling well as places which never had a really hot day are having many of them. For instance, in the coldest city in Russia, temperatures recently set an all-time high of 82°F (a typical low in Austin, by the way). Young people in swimsuits were overjoyed as they engaged in a rare game of beach volleyball. Maybe there will be a real estate boom north of the Arctic Circle as people migrate to get away from the heat. |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| By former Congressman Ron Paul In 2001, the Patriot Act opened the door to US government monitoring of Americans without a warrant. It was unconstitutional, but most in Congress over my strong objection were so determined to do something after the attacks of 9/11 that they did not seem to give it too much thought. Civil liberties groups were concerned, and some of us in Congress warned about giving up our liberties even in the post-9/11 panic. But at the time most Americans did not seem too worried about the intrusion. This complacency has suddenly shifted given recent revelations of the extent of government spying on Americans. Politicians and bureaucrats are faced with serious backlash from Americans outraged that their most personal communications are intercepted and stored. They had been told that only the terrorists would be monitored. In response to this anger, defenders of the program have time and again resorted to spreading lies and distortions. But these untruths are now being exposed very quickly. In a Senate hearing this March, Director of National Intelligence James Clapper told Senator Ron Wyden that the NSA did not collect phone records of millions of Americans. This was just three months before the revelations of an NSA leaker made it clear that Clapper was not telling the truth. Pressed on his false testimony before Congress, Clapper apologized for giving an “erroneous” answer but claimed it was just because he “simply didn’t think of Section 215 of the Patriot Act.” Wow. As the story broke in June of the extent of warrantless NSA spying against Americans, House Intelligence Committee Chairman Mike Rogers assured us that the project was a strictly limited and not invasive. He described it as a “lockbox with only phone numbers, no names, no addresses in it, we’ve used it sparingly, it is absolutely overseen by the legislature, the judicial branch and the executive branch, has lots of protections built in...” But we soon discovered that also was not true either. We learned in another Guardian newspaper article last week that the top secret “X-Keyscore” program allows even low-level analysts to “search with no prior authorization through vast databases containing emails, online chats and the browsing histories of millions of individuals.” The keys to Rogers’ “lockbox” seem to have been handed out to everyone but the janitors! As Chairman of the Committee that is supposed to be most in the loop on these matters, it seems either the Intelligence Community misled him about their programs or he misled the rest of us. It sure would be nice to know which one it is. Likewise, Rep. Rogers and many other defenders of the NSA spying program promised us that this dragnet scooping up the personal electronic communications of millions of Americans had already stopped “dozens” of terrorist plots against the United States. In June, NSA director General Keith Alexander claimed that the just-disclosed bulk collection of Americans’ phone and other electronic records had “foiled 50 terror plots.” Opponents of the program were to be charged with being unconcerned with our security. But none of it was true. The Senate Judiciary Committee yesterday heard dramatic testimony from NSA deputy director John C. Inglis. According to the Guardian: “The NSA has previously claimed that 54 terrorist plots had been disrupted ‘over the lifetime’ of the bulk phone records collection and the separate program collecting the internet habits and communications of people believed to be non-Americans. On Wednesday, Inglis said that at most one plot might have been disrupted by the bulk phone records collection alone.” From dozens to “at most one”? Supporters of these programs are now on the defensive, with several competing pieces of legislation in the House and Senate seeking to rein in an administration and intelligence apparatus that is clearly out of control. This is to be commended. What is even more important, though, is for more and more and more Americans to educate themselves about our precious liberties and to demand that their government abide by the Constitution. We do not have to accept being lied to – or spied on -- by our government. This article originally appeared at Ron Paul's website . |
| #SubscriberNotes and the #WeekendAnalysis PDF have been updated on the website. Have a great trading week! Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| There are some institutions that were simply a very bad idea right from the beginning. The Fed is one of them. Another is the IRS. As Rand Paul points out: There are 73,954 pages I'd like you to help me take to the paper shredder. Believe it or not, that's how many pages of Internal Revenue Service Code hardworking American citizens are forced to comply with every year. Many of my colleagues here in Congress won't bother reading bills even 20 pages long. But if you miss a single sentence, the punishments range from invasive audits, to fines, to outright imprisonment. I know many Americans were shocked recently to learn about the IRS' targeted harassment of pro-limited government organizations under President Obama. You and I still have to fight to get to the bottom of this. But the truth is, arming a government agency with this much prying power into our daily lives and expecting it NOT to be abused would be misguided at best. That's why I'm afraid things are about to get worse. Perhaps even much worse. At least 90,000 bureaucrats, attorneys and enforcement agents are already employed by the IRS. But news stories have been trickling out over the past couple of years about the IRS hiring literally thousands of new agents to "enforce" ObamaCare. You and I both know what that means . . . More knocks on our doors from agents saying, "I'm from the government, and I'm here to help." Studies already show, Washington, D.C.'s convoluted tax code exacts a high price on American citizens: *** The IRS itself estimates that Americans spend 6.6 BILLION hours per year trying to comply with the tax code; *** Other studies show Americans spend up to $168 BILLION dollars — on top of the hundreds of billions they already pay in our sky-high tax rates — just to get their taxes done; *** Too often, slick lobbyists succeed in cutting insider deals handing their own industries special favors. Thanks to this madness, Hollywood enjoys a $225 million tax break with write offs other American citizens and industries don't enjoy. Is it any wonder why our economy is still only limping along? |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
| #SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. Stock Market Performance Table |
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