Chrysler's Railroad

The following was sent to me by another trader that I greatly respect. Have a read, it may open your eyes to what is and has been going on.

Chrysler dealerships
which were forced to close...

Chrysler's Railroad

This could be a scandal of epic proportions and one that makes Nixon's Watergate or Clinton's Monica
Lewinsky affair pale by comparison. Why was there neither rhyme nor reason as to
which dealerships of the Chrysler Corporation were to be closed?

Roll the clock back to the weeks just before Chrysler declared bankruptcy. Chrysler, like GM, was in
dire financial straits and federal government "graciously" offered to
"buy the company" and keep them out of bankruptcy and "save jobs."
Chrysler was, in the words of Obama and his administration, "Too big to fail," same
story with GM.

The feds organized their "Automotive Task Force" to fix Chrysler and GM. Obama, in an act that
is 100% unconstitutional, appointed a guy named Steve Rattner to be the White House's
official Car Czar - literally, that's what his title is. Rattner is the liaison
among Obama, Chrysler, and GM. Initially, the national
media reported that Chrysler 'had made this list of dealerships.' Not true! The
Washington Examiner, Newsmax, Fox New and a host of other news agencies discovered
that the list of dealerships was put together by the "Automotive Task Force"
headed by no one other than Mr. Steve Rattner.

Now the plot thickens.  Remember earlier we said that there was neither rhyme nor reason why

certain dealerships were closed?  Actually there's a very >interesting pattern as to who was

closed down. Again, on May 27, 2009, The Washington >Examiner and Newsmax exposed

the connection. Amazingly, of the 789 dealerships
closed by the federal government, 788 had donated money, exclusively to Republican
political causes, while contributing nothing to Democratic political causes. The
only "Democratic" dealership on the list was found to have donated $7,700 to
Hillary's campaign, and a bit over $2,000 to John Edwards. This same dealership,
reportedly, also gave $200.00 to Obama's campaign. Does that seem a little odd
to you? Steve Rattner is the guy who put the list together.

Well, he happens to be married to a Maureen White.  Maureen happens to be
the former national finance chairman of the Democratic National Committee. As such,
she has access to campaign donation records from everyone in the nation- Republican
or Democrat. But of course, this is just a wacky "coincidence," we're certain.

Then comes another really wacky "coincidence." On that list of dealerships being closed down,

a weird thing happened in Arkansas , North Louisiana and Southern Missouri.
It seems that Bill Clinton's former White House Chief of Staff, Mack McClarty,
owns a chain of dealerships in that region, partnered with a fellow by the name
of Robert Johnson. Johnson happens to be founder of Black Entertainment Television
and was a huge Obama supporter and financier. These guys own a half
dozen Chrysler stores under the company title of RLJ-McClarty-Landers. Interestingly,
none of their dealerships were ordered closed - not one!

While all of their competing Chrysler/Dodge and Jeep dealership were! Eight dealerships

located near the dealerships owned by McClarty and Johnson were ordered shut down.

Thus by pure luck, these two major Obama supporters now have virtual monopoly on

Chrysler sales in their zone. Isn't that amazing?

Go look in The Washington Examiner, the story's there, and it's in a dozen or so other

web-based news organizations; this isn't being made up. Now if you thought Chrysler
was owned by Fiat, you are mistaken. Under the federal court ruling, 65% of Chrysler
is now owned by the federal government and the United Auto Workers union! Fiat
owns 20%. The other 15% is still privately owned and presumably will be traded
on the stock market. Obama smiles and says he doesn't want to run the auto industry.

As horrifying as this is to comprehend, and being as how this used to be the United States of

America, it would appear that the president has the power to destroy private businesses
and eliminate upwards of 100,000 jobs just because they don't agree with his political
agenda.

This is Nazi Germany stuff, and it's happening right here, right now, in our back yard.

There are voices in Washington demanding an explanation, but the "Automotive Task Force"
has released no information to the public or to any of the senators demanding answers
for what has been done. Keep your ear to the ground for more on this story. If you've

ever wanted to make a difference about anything in your life, get on the phone to your

national senator or representative in the House and demand an investigation into this.

Benjamin Franklin had it right when he said, "All that's necessary for evil to triumph is for good
men to do nothing." Car Czar No More An amazing thing happened
as this story was going to press. Obama's Car Czar, Steve Rattner, resigned on
July 13 and was promptly replaced by former steel workers union boss Ron Bloom.

According to CBS News, Rattner left "to return to private life and spend time with his family."

Treasury Secretary Tim Geithner said, "I hope that he takes another opportunity to bring his unique
skills to government service in the future." By the way, Rattner is under investigation for a

multi-million dollar pay-to-play investment bank scandal in New York .... Uh-oh! But, we're certain

that had nothing to do with his resignation. And, according to several news sources out there, there

are rumors he's being investigated for what could be pay-to-play scandal involving the closing of

Chrysler and GM dealerships. Really? Again, that couldn't have anything to with his resignation
-- that's ridiculous! Like CBS said, this guy just wants to "spend more quality
time with his family."

Obama has 32 personally appointed "czars" who answer to no one but him, all of whom are acting
without any Constitutional authority. But hey, we're sure they all have "unique
skills,"......as Tim Geithner likes to say! SOOOOO. HOW'S THE HOPE/CHANGE
WORKING FOR YOU?..

Check it out at the
following websites.....Copy and Paste:

http://gatewaypundit.blogspot..com/2009/05/hope-change-car-czar-behind-chrysler.html

http://www.washingtonexaminer.com/politics/Obamas-auto-policy-All-in-the-Democratic-family-44414452.html -

This goes beyond corruption
in high places - to gross criminal actions on the part of our government! I hope
you will spread this far and wide, and hopefully the taxpaying public will demand
some of that transparency we were promised ... followed by criminal prosecution
of the perpetrators!

What a crooked government we have!!!!! Vote 'em all out ...November 2010

A TALE OF TWO HOUSES

This was sent to me and does a lot to show how one that talks about the environment and how he acts versus a person who really believes in the environment and what he does to protect it. 

A Tale of Two Houses
House #1
A 20 room mansion (not including 8 bathrooms) heated by natural gas. Add on a pool (and a pool house) and a separate guest house, all heated by gas. In one month this residence consumes more energy than the average American household does in a year. The average bill for electricity and natural gas runs over $2400 per month. In natural gas alone, this property consumes more than 20 times the national average for an American home. This house is not situated in a Northern or Midwestern 'snow belt' area. It's in the South.

House #2

Designed by an architecture professor at a leading national university. This house incorporates every 'green' feature current home construction can provide. The house is 4,000 square feet (4 bedrooms) and is nestled on a high prairie in the American southwest. A central closet in the house holds geothermal heat-pumps drawing ground water through pipes sunk 300 feet into the ground.

The water (usually 67 degrees F) heats the house in the winter and cools it in the summer. The system uses no fossil fuels such as oil or natural gas and it consumes one-quarter electricity required for a conventional heating/cooling system. Rainwater from the roof is collected and funneled into a 25,000 gallon underground cistern. Wastewater from showers, sinks and toilets goes into underground purifying tanks and then into the cistern. The collected water then irrigates the land surrounding the house. Surrounding flowers and shrubs native to the area enable the property to blend into the surrounding rural landscape.


* * * * *

HOUSE #1 is outside of Nashville, Tennessee; it is the home of the 'Environmentalist'  Al Gore.

HOUSE #2 is on a ranch near Crawford, Texas; it is the residence of the ex-President of the United States, George W. Bush.

THIS is the definition of an "inconvenient truth"!!

I sure hope this gets passed to everyone!
And, yes ... I DID check Snopes prior to forwarding it.


You can verify this it at:   http://www.snopes.com/politics/bush/house.asp

Saving Our Financial System

The following is from a trader that often has many excellent reviews. His name is Larry Levin and is a floor trader at the CBOE and an often contributor on several money shows.

"I read an interesting piece on the financial crisis and what it could lead to on ZeroHedge. The whole article can be found here

Sometimes, when chasing the bouncing ball of fraud and corruption on a daily basis, it is easy to lose sight of the forest for the millions of trees (all of which have a 150% LTV fourth-lien on them, underwritten by Goldman Sachs, which is short the shrubbery tranche). Luckily, Charles Hugh Smith, of oftwominds.com has taken the time to put it all into such simple and compelling terms, even corrupt North Carolina congressmen will not have the chance to plead stupidity after reading this.

Of course, to those familiar with the work of Austrian economists, none of this will come as a surprise.

1. Enable trillions of dollars in mortgages guaranteed to default by packaging unlimited quantities of them into mortgage-backed securities (MBS), creating umlimited demand for fraudulently originated loans.

2. Sell these MBS as "safe" to credulous investors, institutions, town councils in Norway, etc., i.e. "the bezzle" on a global scale.

3. Make huge "side bets" against these doomed mortgages so when they default then the short-side bets generate billions in profits.

4. Leverage each $1 of actual capital into $100 of high-risk bets.

5. Hide the utterly fraudulent bets offshore and/or off-balance sheet (not that the regulators you had muzzled would have noticed anyway).

6. When the longside bets go bad, transfer hundreds of billions of dollars in Federal guarantees, bailouts and backstops into the private hands which made the risky bets, either via direct payments or via proxies like AIG. Enable these private Power Elites to borrow hundreds of billions more from the Treasury/Fed at zero interest.

7. Deposit these funds at the Federal Reserve, where they earn 3-4%. Reap billions in guaranteed income by borrowing Federal money for free and getting paid interest by the Fed.

8. As profits pile up, start buying boatloads of short-term U.S. Treasuries. Now the taxpayers who absorbed the trillions in private losses and who transferred trillions in subsidies, backstops, guarantees, bailouts and loans to private banks and corporations, are now paying interest on the Treasuries their own money purchased for the banks/corporations.

9. Slowly acquire trillions of dollars in Treasuries--not difficult to do as the Federal government is borrowing $1.5 trillion a year.

10. Stop buying Treasuries and dump a boatload onto the market, forcing interest rates to rise as supply of new T-Bills exceeds demand (at least temporarily). Repeat as necessary to double and then triple interest rates paid on Treasuries.

11. Buy hundreds of billions in long-term Treasuries at high rates of interest. As interest rates rise, interest payments dwarf all other Federal spending, forcing extreme cuts in all other government spending.

12. Enjoy the hundreds of billions of dollars in interest payments being paid by taxpayers on Treasuries that were purchased with their money but which are safely in private hands.

Charles' conclusion does not need further commentary as it is absolutely spot on:

Since the Federal government could potentially inflate away these trillions in Treasuries, buy enough elected officials to force austerity so inflation remains tame. In essence, these private banks and corporations now own the revenue stream of the Federal government and its taxpayers. Neat con, and the marks will never understand how "saving our financial system" led to their servitude to the very interests they bailed out.

The circle is now complete: in "saving our financial system," the public borrowed trillions and transferred the money to private Power Elites, who then buy the public debt with the money swindled out of the taxpayer. Then the taxpayers transfer more wealth every year to the Power Elites/Plutocracy in the form of interest on the Treasury debt. The Power Elites will own the debt that was taken on to bail them out of bad private bets: this is the culmination of privatized gains, socialized risk.

In effect, it's a Third World/colonial scam on a gigantic scale: plunder the public treasury, then buy the debt which was borrowed and transferred to your pockets. You are buying the country with money you borrowed from its taxpayers. No despot could do better."

The following is the view from another trader that all of the central banks are trying to prop up economies that are bankrupt in order to avoid the inevitable. The inevitable for many countries will be failure and financial collapse as they can no longer sustain the debt that they have amassed. The same or very similar debt is being created here in the US and if this isn't addressed and changed,  many of us will begin to see life as a 2nd or 3rd world country. France in this article shows how much it stands to lose if the PIIGS fail. If they fail so does France. Yet Another Bailout Rally

Yes sir, today was the 6th, or 7th, or 10th...or 20th mega-rally based on a Greek bailout. If we're lucky, the powers that be (central bankers) will keep the Greek economy on life support - just barely keeping it from being a corpse. This way, whenever Benron Bernanke or Tax-Cheatin-Timmy want to send a little sugar to their Fraud Street cronies they can pull another miracle: a never ending just-in-time bailout. Once again, failure was not an option for a central banker - moral hazard be damned. Will this bailout hold? It probably will, but I won't completely believe it until the Germans approve the cash layout, and Greece receives it from the ECB. Hopefully Greece will get those Euros quickly; after all, there are 50-year old bakers and hair stylists that want to retire now or they will riot in the streets. It's no surprise that France really wants to get this behind them because the French are on the hook for a lot of money if the PIIGS fail. According to the following numbers are accurate. If Portugal defaults, France loses $45,000,000,000.00 If Ireland defaults, France loses $60,000,000,000.00 If Greece defaults, France loses $75,000,000,000.00 If Spain defaults, France loses $220,000,000,000.00 If Italy defaults, France loses $511,000,000,000.00 (nearly 20% of the French GDP!) The PIIGS owe France nearly $1 trillion dollars. I suppose things will really get interesting if (when) Spain and/or Italy get into worse shape. Trade well and follow the trend, not the so-called “experts.”

Siler manipulation

Silver Short Squeeze Could Be Imminent

 

On December 11th, 2009 NIA declared silver the best investment for the next decade. In our December 11th article, we said that it wasn't a coincidence that the very day Bear Stearns failed was the same day silver reached its multi-decade high of over $21 per ounce. We went on to say, "The reason why we believe the Federal Reserve was so eager to orchestrate a bailout of Bear Stearns, is because Bear Stearns was on the verge of being forced to cover their silver short position."

 

JP Morgan took over the concentrated short position in silver from Bear Stearns and gained complete control over the paper price of silver. Within weeks, JP Morgan was able to manipulate the price of silver down to below $9 per ounce. NIA believes they were able to drive the price of silver down through "naked short selling", selling paper silver that is unbacked by physical silver.

 

On February 5th, we witnessed another sharp decline in silver prices, which NIA described on February 7th as being "just a temporary wash out, before a huge surge in silver prices later in 2010". Since then, silver prices have rebounded by 18%. The temporary wash out that occurred on February 5th was predicted by independent metals trader Andrew Maguire, who came out this week exposing the fraud that is taking place in the paper silver market.

 

On February 3rd, Andrew Maguire wrote Eliud Ramirez, a senior investigator for the CFTC's Enforcement Division, giving him the "heads up" for a "manipulative event" signaled for February 5th. He warned the CFTC that JP Morgan was about to manipulate down the price of silver after the release of non-farm payroll data on February 5th. Andrew said that the takedown would happen regardless of if employment was better or worse than expected and the price of silver would be flushed to below $15 per ounce. During the next couple of days, silver was crushed from $16.17 per ounce down to a low of $14.62 per ounce.

 

Despite all of the evidence given by Andrew Maguire to the CFTC of gold and silver manipulation, Andrew wasn't allowed to speak at last week's CFTC hearing on limiting gold and silver positions held by banks like JP Morgan. Bill Murphy of the Gold Anti-Trust Action Committee (GATA) was allowed to speak (within a five-minute time constraint) and present some of Andrew Maguire's evidence, but right when his presentation began there was a technical failure of the live television broadcast, which was mysteriously fixed as soon as he was done speaking. Bill Murphy was scheduled for several mainstream media television interviews after the CFTC hearings, but they were all abruptly cancelled at once.

 

A couple of days after the CFTC meeting, Andrew Maguire and his wife were involved in a bizarre hit-and-run car accident in London where a second car coming out of a side street struck their vehicle, which resulted in a police chase using helicopters and patrol cars before the suspect was nabbed. Andrew and his wife were released from the hospital with minor injuries. (NIA does not believe in conspiracy theories but when you consider that this is a potential multi-trillion dollar fraud that could bring down the world's financial system, it really makes you think.)

 

The silver market provides a window into what is happening in the gold market. Because the silver market is very small and its short position is so concentrated, its price is easier to manipulate than gold, but the same manipulation is taking place in gold on a much larger but less noticeable scale. In our opinion, the CFTC is under pressure not to do anything about the manipulation because the lower gold and silver prices are, the stronger the U.S. dollar appears to be. If we saw an explosion to the upside in gold and silver prices, it would result in a complete loss of confidence in the U.S. dollar.

 

NIA believes the precious metals markets are currently being artificially suppressed by paper gold and silver that doesn't physically exist. At last week's CFTC hearings, Jeffrey Christian of the CPM Group admitted that banks have leveraged their physical bullion by 100 to 1. This means for every 100 ounces of paper gold/silver that trade, there could be as little as 1 ounce of physical gold/silver in the vaults backing it. However, Mr. Christian sees no problem with this because he says "it has been persistently that way for decades" and there are "any number of mechanisms allowing for cash settlements".

 

What Mr. Christian fails to realize is, most investors around the world holding paper gold/silver believe they own physical gold/silver. There will come a time when these investors don't want cash settlements in U.S. dollars, but they will want the physical precious metals themselves. When investors around the globe eventually call for physical delivery of their precious metals, NIA believes it will result in the biggest short squeeze in the history of all commodities.

 

The physical silver market is now more tight than ever before. In the first quarter of 2010, the U.S. mint sold 9,023,500 American Silver Eagles, the most since the coin debuted in 1986 and up from 8,299,000 sold in the fourth quarter of 2009. All U.S. silver mines combined are currently producing only 40 million ounces of silver annually. This means the U.S. needs to use almost all of its silver production just to keep up with the demand for American Silver Eagle coins.

 

Silver closed this week at a 10-week high of $17.89 per ounce and a major short squeeze to the upside could be imminent. With the spotlight now on JP Morgan, NIA believes they will be less likely to naked short silver at these levels and manipulate the price down like in February. With the mainstream media blackout, it is important for NIA members to work harder than ever to spread the word and help expose what could be the largest fraud in the history of the world.

Health Care Bill

For those of you wanting to see a little of what's in the health care bill and what's to come, have a read of this and you decide what the "Real and Ultimate Goal" of the reform is.

Have you READ Article 1 section 7 of OUR Constitution, "All bills for raising revenue originate in the house of representatives"...and this is a revenue bill. It began in the Senate and it hires 16,000 new IRS agents to harass our citizens.

Page 22 of the HC Bill: Mandates that the Govt will audit books of all employers that self-insure!!
Page 30 Sec 123 of HC bill: THERE WILL BE A GOVT COMMITTEE that decides what treatments/benefits you get.
Page 29 lines 4-16 in the HC bill: YOUR HEALTH CARE IS RATIONED!!!
Page 42 of HC Bill: The Health Choices Commissioner will choose your HC benefits for you. You have no choice!
Page 50 Section 152 in HC bill: HC will be provided to ALL non-US citizens, illegal or otherwise.
Page 58 HC Bill: Govt will have real-time access to individuals' finances & a 'National ID Health card' will be issued! (Papers please!)

Page 59 HC Bill lines 21-24: Govt will have direct access to your bank accounts for elective funds transfer. (Time for more cash and carry)

Page 65 Sec 164: Is a payoff subsidized plan for retirees and their families in unions & community organizations: (ACORN).
Page 84 Sec 203 HC bill: Govt mandates ALL benefit packages for private HC plans in the 'Exchange.'

Page 85 Line 7 HC Bill: Specifications of Benefit Levels for Plans -- The Govt will ration your health care!

Page 91 Lines 4-7 HC Bill: Govt mandates linguistic appropriate services. (Translation: illegal aliens.)

Page 95 HC Bill Lines 8-18: The Govt will use groups (i.e. ACORN & Americorps to sign up individuals for Govt HC plan.
Page 85 Line 7 HC Bill: Specifications of Benefit Levels for Plans. (AARP members - your health care WILL be rationed!)
Page 102 Lines 12-18 HC Bill: Medicaid eligible individuals will be automatically enrolled in Medicaid. (No choice.)
Page 12 4 lines 24-25 HC: No company can sue GOVT on price fixing. No "judicial review" against Govt monopoly.
Page 127 Lines 1-16 HC Bill: Doctors/ American Medical Association - The Govt will tell YOU what salary you can make.
Page 145 Line 15-17: An Employer MUST auto-enroll employees into public option plan. (NO choice!)
Page 126 Lines 22-25: Employers MUST pay for HC for part-time employees ANDtheir families. (Employees shouldn't get excited about this as employers will be forced to reduce its work force, benefits, and wages/salaries to cover such a huge expense.)
Page 149 Lines 16-24: ANY Employer with payroll 401k & above who does not provide public option will pay 8% tax on all payroll! (See the last comment in parenthesis.)
Page 150 Lines 9-13: A business with payroll between $251K & $401K who doesn't provide public option will pay 2-6% tax on all payroll.

Page 167 Lines 18-23: ANY individual who doesn't have acceptable HC according to Govt will be taxed 2.5% of income.
Page 170 Lines 1-3 HC Bill: Any NONRESIDENT Alien is exempt from individual taxes. (Americans will pay.) (Like always)
Page 195 HC Bill: Officers & employees of the GOVT HC Admin.. will have access to ALL Americans' finances and personal records. (I guess so they can 'deduct' their fees)

Page 203 Line 14-15 HC: "The tax imposed under this section shall not be treated as tax." (Yes, it really says that!) ( a 'fee' instead)
Page 239 Line 14-24 HC Bill: Govt will reduce physician services for Medicaid Seniors. (Low-income and the poor are affected.)
Page 241 Line 6-8 HC Bill: Doctors: It doesn't matter what specialty you have trained yourself in -- you will all be paid the same! (Just TRY to tell me that's not Socialism!)
Page 253 Line 10-18: The Govt sets the value of a doctor's time, profession, judgment, etc. (Literally-- the value of humans.)
Page 265 Sec 1131: The Govt mandates and controls productivity for "private" HC industries.

Page 268 Sec 1141: The federal Govt regulates the rental and purchase of power driven wheelchairs.

Page 272 SEC. 1145: TREATMENT OF CERTAIN CANCER HOSPITALS - Cancer patients - welcome to rationing!

Page 280 Sec 1151: The Govt will penalize hospitals for whatever the Govt deems preventable (i.e...re-admissions).
Page 298 Lines 9-11: Doctors: If you treat a patient during initial admission that results in a re-admission -- the Govt will penalize you.

Page 317 L 13-20: PROHIBITION on ownership/investment. (The Govt tells doctors what and how much they can own!)

Page 317-318 lines 21-25, 1-3: PROHIBITION on expansion. (The Govt is mandating that hospitals cannot expand.)
Page 321 2-13: Hospitals have the opportunity to apply for exception BUT community input is required. (Can you say ACORN?)

Page 335 L 16-25 Pg 336-339: The Govt mandates establishment of=2 outcome-based measures. (HC the way they want -- rationing.)
Page 341 Lines 3-9: The Govt has authority to disqualify Medicare Advance Plans, HMOs, etc. (Forcing people into the Govt plan)

Page 354 Sec 1177: The Govt will RESTRICT enrollment of 'special needs people!' Unbelievable!

Page 379 Sec 1191: The Govt creates more bureaucracy via a "Tele-Health Advisory Committee." (Can you say HC by phone?)

Page 425 Lines 4-12: The Govt mandates "Advance-Care Planning Consult." (Think senior citizens end-of-life patients.)

Page 425 Lines 17-19: The Govt will instruct and consult regarding living wills, durable powers of attorney, etc. (And it's mandatory!)
Page 425 Lines 22-25, 426 Lines 1-3: The Govt provides an "approved" list of end-of-life resources; guiding you in death. (Also called 'assisted suicide.')(Sounds like Soylent Green to me.)

Page 427 Lines 15-24: The Govt mandates a program for orders on "end-of-life." (The Govt has a say in how your life ends!)

Page 429 Lines 1-9: An "advanced-care planning consultant" will be used frequently as a patient's health deteriorates.

Page 429 Lines 10-12: An "advanced care consultation" may include an ORDER for end-of-life plans.. (AN ORDER TO DIE FROM THE GOVERNMENT?!?)
Page 429 Lines 13-25: The GOVT will specify which doctors can write an end-of-life order.. (I wouldn't want to stand before God after getting paid for THAT job!)
Page 430 Lines 11-15: The Govt will decide what level of treatment you will have at end-of-life! (Again -- no choice!)

Page 469: Community-Based Home Medical Services = Non-Profit Organizations. (Hello? ACORN Medical Services here!?!)

Page 489 Sec 1308: The Govt will cover marriage and family therapy. (Which means Govt will insert itself into your marriage even.)
Page 494-498: Govt will cover Mental Health Services including defining, creating, and rationing those services.

The following is not so much an analysis of the coming jobs report as it is about the manipulation of the jobs data and statistics. Every new set of economic data that comes out is subject to this review as an ever growing amount of the data seems false and or manipulated  in some form. This has become a sad fact but an ever growing part of what we as traders have come to expect.


QUOTE: From Larry Levin
Will it Matter?

Friday's monthly job-loss report is only a few days away and may be a real shocker.  Will it matter?  At the beginning of October I warned you all that a huge revision of the ridiculously flawed jobs data were coming in February 2010 - this Friday to be exact.



Back then I wrote... "Oh, but it's really worse than that; the BLS has been lying for years via its (business) Birth/Death job revisions.  These estimates are so positive they are laughable.  Since January the BLS has estimated that businesses have birthed hundreds of thousands of NEW jobs above and beyond those that have died/closed.

Uh-huh, sure.

This BS is just another way the government statisticians keep you in the dark about how things really are - at least for a while.  To be fair, the government eventually makes an annual adjustment to these figures, and according the Bloomberg it's gonna' be a whopper."

"The Labor Department today also published its preliminary estimate for the annual benchmark revisions to payrolls that will be issued in February. They showed the economy may have lost an additional 824,000 jobs in the 12 months ended March 2009. The data currently show a 4.8 million drop in employment during that time.

The projected decrease was three times larger than the historical average, the Labor Department said. Most of the drop occurred in the first quarter of this year, probably due to an increase in business closings, the government said."

When the revision detonates like a nuclear bomb Friday morning, again I wonder: will it matter?  My inclination is no.



To be clear, Friday's job-loss data will not include this massive revision; this revision covers the time of April 2008 to March 2009.  In other words, the government is coming clean that is has been straight-up lying to you like a common criminal giving up his larcenous ways.  Well, not really.  It gets worse.



The government has sugar-coated the data every single month for an entire year to make it look better than it really is.  Have you figured out yet that the "birth/death" statistical model of new jobs created over those lost is nothing more than a political game?  And since it is, you can bet your bottom dollar that it will never be changed.



But it gets better!  According to Bloomberg, another revision will come next year and will be an additional 990,000 job losses beyond whatever the government discloses.  Said another way, the "G" is willfully underreporting job losses by nearly 2 MILLION JOBS.



Will that even matter?  Naaaah.

A billion

How many zeros in a billion? This is too true to be funny.  The next time you hear a politician use the word 'billion' in a casual manner, think about whether you want the 'politicians' spending YOUR tax money. A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of it's releases.  A. A billion seconds ago it was 1959.  B. A billion minutes ago Jesus was alive.  C. A billion hours ago our ancestors were living in the Stone Age.. D. A billion days ago no-one walked on the earth on two feet.  E. A billion dollars ago was only 8 hours and 20 minutes, at the rate our government is spending it.  While this thought is still fresh in our brain... let's take a look at New Orleans .. It's amazing what you can learn with some simple division. Louisiana Senator, Mary Landrieu (D) is presently asking Congress for  250 BILLION DOLLARS to rebuild New Orleans . Interesting number... what does it mean?  A. Well... if you are one of the 484,674 residents of New Orleans   (every man, woman, and child) you each get $516,528.  B. Or... if you have one of the 188,251 homes in New Orleans , your home gets $1,329,787. C. Or... if you are a family of four... your family gets $2,066,012.  Washington , D. C   HELLO!  Are all your calculators broken?? Building Permit Tax CDL License Tax Cigarette Tax Corporate Income Tax Dog License Tax Federal Income Tax (Fed) Federal Unemployment Tax (FU TA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges (tax on top of tax) IRS Penalties (tax on top of tax) Liquor Tax Luxury Tax Marriage License Tax Medicare Tax Property Tax Real Estate Tax Service charge taxes Social Security Tax Road Usage Tax (Truckers) Sales Taxes Recreational Vehicle Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Tax Telephone Minimum Usage Surcharge Tax Telephone Recurring and Non-recurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Tax Vehicle License Registration T ax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax (And to think, we left British Rule to avoid so many taxes)  STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago... and our nation was the most prosperous in the world. We had absolutely no national debt... We had the largest middle class in the world... and Mom stayed home to raise the kids.  What happened? Can you spell 'politicians!'  And I still have to press '1' for English. I hope this goes around the  U S A  at least 100 times!

TEA PARTIES NEED TEETH

By Dr. Edwin Vieira, Jr., Ph.D., J.D.
November 17, 2009

NewsWithViews.com

[The following is the full text of an address presented to the National Heritage Center for Constitutional Studies at its 2009 Constitution Day conference.]
The Tenth-Amendment Resolutions from State Legislatures, the Tea Parties, the Town Hall Meetings, and other manifestations of WE THE PEOPLE’S feedupidness with monkey-business as usual in the Disgrace of Columbia—even the massive congregation on the Mall last September—are some of the most enlightening, encouraging, and energizing developments that American patriots have witnessed in a long time. For these events are all premised on the idea: “We don’t want you!”—that WE THE PEOPLE do not want any more, indeed they demand a great deal less, interference in their lives from rogue public officials in the General Government.
These events notwithstanding, the problem remains that too many among WE THE PEOPLE will start but then stop right there, with “We don’t want you!” That is not enough.
The complaint “We don’t want you!” needs to go further, to the resolve, “We won’t have you!” — that WE THE PEOPLE intend to rid themselves of the General Government’s interference.
And to make this resolve effective, WE THE PEOPLE need to design and put into effect remedial action, so that they can say with finality: “We don’t need you!”
The sequence must be—
(i) We don’t NEED you!” which makes it realistic to say:
(ii) We don’t WANT you!” which combined with the ability to make WE THE PEOPLE’S wants effective will lead to the necessary and sufficient action:
(iii) We won’t HAVE you!” and finally will yield the desired result:
(iv) We are RID of you!”
If WE THE PEOPLE have the ability they can give “teeth” to the desire, take the necessary action, and thereby accomplish their goal.
But what will all of this require?
• WE THE PEOPLE need to create actual workable institutions that take advantage of the political and legal position THE PEOPLE hold—i.e., as the ultimate sovereigns.
• WE THE PEOPLE need to create actual workable institutions that take advantage of the economic resources THE PEOPLE command—that THE PEOPLE are the true source of all real wealth in this country, and are in actual physical possession of most of it.
True enough, the Establishment holds bundles of paper claims to wealth, many (if not most) of them generated through the unconstitutional Federal Reserve System. But the insuperable problem for the Establishment will be how to collect on those claims if WE THE PEOPLE simply refuse to honor them. Anyone in the paper-currency racket who doubts that these claims can be declared unenforceable should read the Supreme Court’s decision in Craig v. Missouri, 29 U.S. (4 Peters) 410 (1830).
• WE THE PEOPLE need to create actual workable institutions that are politically, economically, and legally independent of the General Government:

Institutions that can compete with the faulty and fraudulent mechanisms that rogue officials in the General Government have foisted on this country in the key areas of economic and political control, particularly in the areas of (i) money and banking and (ii) what is called “homeland security”.

Institutions that can replace these fraudulent control-mechanisms with proper means to “establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity”. And
Institutions that will enable WE THE PEOPLE to defend themselves against retaliation from rogue officials in the General Government and from the private centers of multinational economic power.
In sum, WE THE PEOPLE must combine their economic resources and abilities with political and legal authority in large-scale organizations that will reflect the power inherent in numbers.
This cannot be done by or through the General Government at the present time, because the General Government is the main locus of this country’s problem, not the source of any solution for them.
It cannot be done through political parties, because parties (along with other factions and special-interest groups) are the control-mechanisms in the “divide and conquer” strategy the Establishment employs to prevent WE THE PEOPLE from asserting their political sovereignty in their own interest.
It cannot be done by individuals or private groups alone, primarily because: (i) private individuals and groups enjoy no independent legal authority; and (ii) there is probably no way to create a sufficiently large and effective private operation in any State, let alone throughout the entire country, in time.
It cannot be done by the State governments alone, because it is not simply a political question of governmental finance and administration, but will require a revamping of the entire private economies in each State, too.
Therefore, it will require both (i) participation by the State governments, because they have the legal authority and the ability to mobilize people in sufficient numbers, and (ii) mass action by WE THE PEOPLE as a whole.
The only establishment or institution that combines all of these elements is “the Militia of the several States”, the “well regulated Militia” that the Second Amendment tells us are “necessary to the security of a free State”.
But a true constitutional “well regulated Militia” exists in not one State in this Union today.
So, WE THE PEOPLE need to revitalize “the Militia of the several States” in order to regain and retain popular control over State governments, and through them to regain and retain control over the two fundamental powers of sovereignty: (i) the Power of the Purse—i.e., currency and credit, and (ii) the Power of the Sword—i.e., community self-defense.
Revitalization of the Militia will enable WE THE PEOPLE to exercise community self-reliance and ultimately true self-government in “a free State” with a sound free-market economy.
Americans need to combine all of the following elements in a single plan for mass action:
1. Revitalization of “the Militia of the several States”.
·The Second Amendment instructs every American that “[a] well regulated Militia” is “necessary to the security of a free State”—not just “useful”, and certainly not “optional”, but “necessary”. And not “necessary” in only some general sense, but specifically with respect to “the security of a free State”—which means that, according to “the supreme Law of the Land” itself, the very survival of constitutional freedom in this country depends upon the Militia.
The Constitution identifies no other establishment, institution, or entity as “necessary” for this vital purpose, or for any other purpose.
So why is not revitalization of the Militia, immediately if not sooner, “job one” on the agenda of every constitutionalist? How can patriots continue to deny in their actions what the Constitution tells them is “necessary” for the maintenance of constitutional government? Americans may say that they have faith in the Constitution—but faith without works is dead; and the Constitution is not self-executing.
·The purpose of revitalizing the Militia is to combine all the elements of each State’s “homeland security”—including police, emergency response, and so on—under the Militia, in order to obviate “top down” control by the police-state apparatus being set up through the Department of Homeland Security in Washington, D.C., and its various satellites, transmission-belts, and fellow travelers around the country. Revitalization of the Militia will return control to whom it belongs, in the hands of WE THE PEOPLE directly, with:

The following is a letter from a 95 year old veteran to Pres Obama. Many veterans I know feel much the same way as Harold does.

   WW II Battleship sailor tells Obama to shape up or ship out !

This venerable and much honored WW II vet is well known in Hawaii for his seventy-plus years of service to patriotic organizations and causes all over the country. A humble man without a political bone in his body,he has never spoken out before about a government official, until now.He dictated this letter  to a friend, signed it and mailed it to the president.

Dear President Obama,  
            
My name is Harold Estes, approaching 95 on December 13 of this year.  People meeting me for the first time don't believe my age because I remain wrinkle free and pretty much mentally alert.

I enlisted in the U.S. Navy in 1934 and served proudly before, during and after WW II retiring as a Master Chief Bos'n Mate.  Now I live in a "rest home" located on the western end of Pearl Harbor, allowing me to keep alive the memories of 23 years of service to my country.

One of the benefits of my age, perhaps the only one, is to speak my mind, blunt and direct even to the head man. So here goes.

I am amazed, angry and determined not to see my country die before I do, but you seem hell bent not to grant me that wish. I can't figure out what country you are the president of.You fly around the world telling our friends and enemies despicable lies like:          
" We're no longer a Christian nation"          
" America is arrogant" - (Your wife even announced to the world,"America is mean-spirited. " Please tell her to try preaching that nonsense to 23 generations of our war dead buried all over the globe who died for no other reason than to free a whole lot of strangers from tyranny and hopelessness.)

I'd say shame on the both of you, but I don't think you like America, nor do I see an ounce of gratefulness in anything you do, for the obvious gifts this country has given you.  To be without shame or gratefulness is a dangerous thing for a man sitting in the White House.

After 9/11 you said," America hasn't lived up to her ideals."

Which ones did you mean? Was it the notion of personal liberty that 11,000 farmers and shopkeepers died for to win independence from the British?  Or maybe the ideal that no man should be a slave to another man, that 500,000 men died for in the Civil War?  I hope you didn't mean the ideal 470,000 fathers, brothers, husbands, and a lot of fellas I knew personally died for in WWII, because we felt real strongly about not letting any nation push us around, because we stand for freedom.

I don't think you mean the ideal that says equality is better than discrimination.  You know the one that a whole lot of white people understood when they helped to get you elected.

Take a little advice from a very old geezer, young man. Shape up and start acting like an American.  If you don't, I'll do what I can to see you get shipped out of that fancy rental on Pennsylvania Avenue.  You were elected to lead not to bow, apologize and kiss the hands of murderers and corrupt leaders who still treat their people like slaves.

And just who do you think you are telling the American people not to jump to conclusions and condemn that Muslim major who killed 13 of his fellow soldiers and wounded dozens more. You mean you don't want us to do what you did when that white cop used force to subdue that black college professor in Massachusetts, who was putting up a fight?  You don't mind offending the police calling them stupid but you don't want us to offend Muslim fanatics by calling them what they are, terrorists.

One more thing.  I realize you never served in the military and never had to defend your country with your life, but you're the Commander-in-Chief now, son.  Do your job.  When your battle-hardened field General asks you for 40,000 more troops to complete the mission, give them to him.  But if you're not in this fight to win, then get out.  The life of one American soldier is not worth the best political strategy you're thinking of.

You could be our greatest president because you face the greatest challenge ever presented to any president. You're not going to restore American greatness by bringing back our bloated economy.  That's not our greatest threat.  Losing the heart and soul of who we are as Americans is our big fight now.And I sure as hell don't want to think my president is the enemy in this final battle.

Sincerely,
Harold B. Estes

When a 95 year old hero of the "the Greatest Generation"stands up and speaks out like this, I think we owe it to him to send his words to as many Americans aswe can. Please pass it on. 

The following IMO gives a very good over view of where we are at and things to come.


The Great Recovery Hoax of 2009-2010

By Marin D. Weiss, Ph.D.

There can be no debate that, in each of these episodes, things did go up: The Nasdaq soared before it crashed. The median price of U.S. homes skyrocketed before it collapsed. And now, the U.S. economy has reversed course - from four consecutive quarters of contraction to at least one quarter of expansion.

There also can be no doubt that these trends do not end overnight. They can continue for months - often plowing over skeptics and even exceeding the expectations of believers.

Most important, however, there can be no question that all three of these episodes have had one key element in common that ultimately self-destructs: Massive intervention, support, and free money from Washington.

To get a solid sense of how that's unfolding this time around, pay close attention to these three independent economists:

Jim Grant, Founder and Editor,
Grant's Interest Rate Observer

Jim Grant, originator of the "Current Yield" column in Barron's and founder of Grant's Interest Rate Observer, demonstrates not only that today's recovery is bought and paid for by Washington ... but also that the relative size of Washington's intervention is even larger than you might think.

In the ten prior U.S. postwar recessions, the government responded, on average, with fiscal stimulus of 2.6 percent of GDP plus monetary stimulus of another 0.3 percent of GDP.
Combined stimulus: only 2.9 percent of GDP.

In contrast, during the current recession, the government has counter-attacked with fiscal stimulus amounting to an estimated 18 percent of GDP ... plus monetary stimulus of an estimated 11.9 percent of GDP.
Combined stimulus: a whopping 29.9 percent of GDP.
That's an unprecedented - and unimaginable - ten times more than the average stimulus of prior recessions.

Grant's comparison of today's government stimulus with that of the Great Depression is even more striking:

He points out that, in the early 1930s, GDP fell 27 percent, while the government responded with monetary and fiscal stimulus adding up to 8.3 percent of GDP.
Thus, using Grant's numbers, I calculate that, for each percentage point our economy contracted, the U.S. government came forward with 0.31 percentage points of stimulus.

In contrast, in the current recession, U.S. GDP contracted 1.8 percent (at the time of Grant's study) ... while, as we just noted, the government's stimulus has amounted to 29.9 percent of GDP.
Thus, for each percentage point that our economy contracted, the U.S. government has jumped in with 16.61 percentage points of stimulus.

Conclusion:

Relative to the disease, the government's "cure" for the Great Recession today packs 54 times more firepower than the government's response to the Great Depression of the early 1930s. And this does not even include trillions more in U.S. government guarantees to shore up the financial system.

Proponents of the government's intervention may try to convince you "this is what it takes to avoid another depression: We've got to attack the contagion with big guns!"

However, Grant worries, rightfully so, that the cure may be far worse than the disease:

"If it's taking this much to revive today's economy," he asks, "what kind of jolt might be necessary to succor tomorrow's? An even bigger shock, we surmise, if tomorrow's economy is no less encumbered than today's. But it's almost certain to be more encumbered, since the active ingredient of the Bush-Obama palliative is credit formation, the very hair of the dog that bit us. Skipping down to the bottom line, we renew our doubts as to the staying power of the paper currencies and to the creditworthiness of the governments that print them."1

John Williams, Founder and Editor,
Shadow Government Statistics

John Williams is the economist who has single-handedly and repeatedly poked big holes in the government's data that tracks price inflation, unemployment, money supply and the economy as a whole.

In his Shadow Government Statistics alert of October 29, he pokes an equally large hole in Washington's pitch that the third-quarter rise in GDP announced last week is "sustainable." His main points:

All U.S. recessions in the last four decades have had at least one positive quarter-to-quarter GDP reading, followed by a renewed downturn. This one could turn out to be no different.
The estimate of 3.5 percent annualized real growth for third-quarter GDP included a 1.7 percent gain from auto sales, a 0.6 percent gain from new residential construction, and a 0.9 percent gain from a largely-involuntary inventory buildup (caused by sales declines which are deeper than corporate planners expect).
In sum, these one-time stimulus or inventory items represented 92 percent of the reported quarterly growth.2
Chris Edwards, Director of Tax Policy Studies
Cato Institute

Chris Edwards - formerly a senior economist on the congressional Joint Economic Committee examining tax issues and currently a Director at the Cato Institute - exposes another gaping hole in the 3.5 percent growth reported by the government last week:

While the government's share of the economy has grown steadily ... the contribution from private investment has fallen through the floor.

He writes:

"The third quarter GDP numbers show that the economy is only starting to 'recover' because of growing government and expanding consumption, which has been artificially inflated by large government transfers.

"Business investment continues to be in a deep recession. Companies are simply not building factories or buying new machines and equipment.

"Why not? I suspect that many firms are scared to death of higher taxes, inflation, health care mandates, increased labor regulation, and other profit-killers coming down the road from Washington."3

Edwards goes on to say that it's too soon to speculate on underlying causes. But I would add that an equally bloody killer of private investment is the diversion of scarce credit from small and medium-sized businesses to wild-and-wooly Wall Street speculation, as Mike Larson has pointed out here week after week.

It's all part and parcel of the Great Recovery Hoax of 2009-2010.

Like the great bubbles of recent memory, it could continue. But it will ultimately end in disaster.

Multiple pivot type confluence seen once again. 27.2 PDMM is hit religiously every Asian session to only bounce it and reverse about 80-90% of the time.

Can you think of a way to trade this?

A combination of daily fib pivots and weekly floor pivots. Gotta love when confluence happens.

Another day the fib pivots have worked out in picture perfect form.
In this we see all during Asian session that the previous days pivot held as Res as FibPivot level 27.2 PDMM acted as Support. During London with a break of 27.2, price goes straight to 50 PDMM. It finds the 50 as Support and the 38.2 as Res. A break of 50 and we quickly ran to the 100 PDMM.