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FBI moves from policy of Law Enforcement to National Security

The FBI’s creeping advance into the world of counterterrorism is nothing new. But quietly and without notice, the agency has finally decided to make it official in one of its organizational fact sheets. Instead of declaring “law enforcement” as its “primary function,” as it has for years, the FBI fact sheet now lists “national security” […]

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In Terms of Real Stuff, the Dow’s “New High” Is Pure Illusion

From Charles Smith, Of Two Minds: The rise in equities does not mean stocks “buy” more commodities in the real world–they buy less. If the new highs in the Dow Jones Industrial Average (DJIA) are so wonderful, why does one share of the Dow-30 buy less than it did 14 years ago? What does a nominal […]

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Plutonium Circus – documentary

Documentary about the Pantex nuclear weapons plant in northern Texas. More about Pantex: The Pantex plant is America’s only nuclear weapons assembly and disassembly facility and is charged with maintaining the safety, security and reliability of the nation’s nuclear weapons stockpile. The facility is located on a 16,000 acre (65 km2) site 17 miles (27 km) northeast of Amarillo, in Carson County, Texas in […]

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It’s Getting Congested: The World’s “Three Handle” Ten Year Bonds

A convergence of US/EU bond spreads sends an ominous message about the comparison between the false US recovery/QE program and the EU crisis. From Zero Hedge: Forget “the 1%-ers”, meet the 3%-ers. As US Treasuries sell-off and European bonds continues to surge, the 3% handle on government debt is becoming a crowded trade with the […]

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Practices of the Rocky Flats Nuclear Weapons Plant

This must watch video documents the worst of the worst, when a combination of greed, stupidity, and smart people combine to create one of the worst environmental catastrophes in American history.  Recently, the Supreme Court refused to hear the appeal by the plaintiffs (residents who have been poisoned) in a 20 year litigation. After 20 […]

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Being educated above your intelligence in Finance

How many people in the financial services industry understand how the financial system works? We’ve all experienced it, we are dealing with someone who has all sorts of masters degrees, PhD’s, and doesn’t know the Federal Reserve is a private corporation, and even doesn’t know the product their company is selling. In the spirit of […]

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The State of Technology Address at the End of 2013

From SOTT: Oh 2013, what a high-tech year you were! From the general recognition (finally) that the US government was spying on everyone, everyone’s dog, and everyone’s dog’s lawn presents, to the almighty Mobile Revolution, to the 64-bit iPhone with 2X the awesome, to the complete abortion that is Windows 8/8.1… Yes, it was a year to […]

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