Chart: You have the right to remain out of prison
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Continue ReadingCalifornia is one of the largest economies in the world. Home to major corporations, major shipping ports, the film industry, and a buzzing real estate market, California has a lot to lose. Many are still in denial about the radioactive plume that reached the shores of California some time ago. Now, seafood is showing positive […]
Continue ReadingThe 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” […]
Continue ReadingFrom 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 […]
Continue ReadingWhat has happened to our institutions? The trend of the modern institutionalization of our system began in the late 19th century, but didn’t gain worldwide support until the early 20th century. It reached its peak after World War 2, when the feeling was that global institutions could stave off further bloody conflicts. Without WW2, establishing […]
Continue ReadingDocumentary 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 […]
Continue ReadingThe Fed’s Bill Dudley admitted what many of us already suspected. The Fed has no clue how QE would affect the markets. Such a statement from a high level Fed official is unusual, and a very telling sign. From Zero Hedge: Well, it took three years, but finally the Goldman Sachs-based head of the New […]
Continue ReadingA 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 […]
Continue ReadingThis 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 […]
Continue ReadingHow 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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