Domain: zerohedge.com
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Comments · 559
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Breaking news . . . .Breaking News. . .
.Breaking NewsObama Comes Clean!
President Obama today announced he will no longer prevaricate (for the American audience: lie like Hell!) on the Syria matter, but instead offer them the "olive branch" of peace.
"If Syria and Iran will finally sign onto the WTO's Financial Services Agreement, thus allowing the banksters in, we will refrain from unleashing a leviathan deluge of cruise missiles against them," said an annoyed Barack Obama.
http://www.counterpunch.org/2013/09/05/making-the-world-safe-for-banksters/
http://www.vice.com/en_uk/read/larry-summers-and-the-secret-end-game-memo
http://www.zerohedge.com/contributed/2013-09-07/high-level-us-intelligence-officers-syrian-government-didn%E2%80%99t-launch-chemical-
http://www.zerohedge.com/news/2013-09-07/obamas-missing-link-no-direct-connection-between-assad-and-gas-attack
http://www.huffingtonpost.com/2013/09/05/syria-battle-maaloula_n_3872906.html -
Breaking news . . . .Breaking News. . .
.Breaking NewsObama Comes Clean!
President Obama today announced he will no longer prevaricate (for the American audience: lie like Hell!) on the Syria matter, but instead offer them the "olive branch" of peace.
"If Syria and Iran will finally sign onto the WTO's Financial Services Agreement, thus allowing the banksters in, we will refrain from unleashing a leviathan deluge of cruise missiles against them," said an annoyed Barack Obama.
http://www.counterpunch.org/2013/09/05/making-the-world-safe-for-banksters/
http://www.vice.com/en_uk/read/larry-summers-and-the-secret-end-game-memo
http://www.zerohedge.com/contributed/2013-09-07/high-level-us-intelligence-officers-syrian-government-didn%E2%80%99t-launch-chemical-
http://www.zerohedge.com/news/2013-09-07/obamas-missing-link-no-direct-connection-between-assad-and-gas-attack
http://www.huffingtonpost.com/2013/09/05/syria-battle-maaloula_n_3872906.html -
Rebels released the chemical weapons.
There appears to be much evidence that it was in fact the rebels that used the chemical weapons which were supplied by the Saudis,
1) Video evidence of Chemical weapons being launched.
2) Photographic evidence of the weapons being Saudi.
3) Testimony from Syrian rebels from the faction that had the weapons and admitted they didn't know what they were doing with them.http://www.wnd.com/2013/08/video-shows-rebels-launching-gas-attack-in-syria/
And anyway, what is American Military going to do, team up with Al Qaeda and Hezbollah to attack Syria and kill hundreds of thousands more people in the middle east?
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Re:Human Rights voliations
Oh yes they do, a lot. They already closed the airspace from a diplomatic flight suspected carrying Snowden.
http://www.zerohedge.com/news/2013-07-02/airplane-bolivian-president-denied-passage-over-french-portuguese-airspace-due-snowd -
Re:Stock up 10%
The big winners weren't today, they were the insider options trades that executed long before the news was public. See Who Knew What When for some of that. The SEC won't do anything, since some of those trades are likely to have high political connections. When Congress won't stop insider trading, no one in the SEC wants to rock that boat. They only take on little fish.
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Re:Hormone therapy?
Yes.
Actually, to be fair there's no actual source there, and it's followed up with a vaseline joke *rolleyes*
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Re:Hormone therapy?
Answering my own question:
"U.S. Army says it does not provide hormones or sex-reassignment surgery after Wikileaks convict Bradley Manning says he wants to live as a woman" -
North US and state of human society in 2013
In any case. Look at what's happening on this planet now with governments, governments organizations (nsa,
...) their corporation overlords, etc. You get the point.Shouldn't it make sense that the world unites and helps Japan fix this problem ? At least the countries that can. I mean radiation is a global problem, not Japanese problem just because it happened in Japan.
Sometimes I think we're so ignorant and
... stupid (even though human race would think it's smart, especially the egotistical CS nerds) that we deserve to be wiped of this planet and replaced with whatever else. -
Of course.
If things keep going the way they are going, then the US govt will soon be their only customer. So of course they are "working" on this
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Re:Lemme get this straight
The money multiplier crashed during the recent economic crisis.
Yes, because of the Fed. The Fed inflated the monetary base like crazy, and then paid interest to the banks to hold on to those excess reserves. Because of that, excess reserves went from 2 billion in 2008 to 1.8 trillion now.
So, what happens when interest rates start to rise and the economy starts to improve? Suddenly, the Fed's 0.25 interest rate is not going to be enough to keep the banks from loaning out all of those excess reserves. And that's when the inflation crisis is really going to take off. Check out this article if you want to know more.
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Re:Hmmm
No one has died as a result of the radiation from Fukushima to date
O RLY? Hey, this might not be Fukushima-related. But I had to dig to find that story, because of all the claims that people are linking to saying "no one has died because of Fukushima radiation" as if you could prove a negative. You can't, so you should just stop trying. We can't prove that an unexplained cancer is from Fukushima either, which is what you nuclear playboys depend upon. You can't track a particular cancer back to a particular carcinogen. Hundreds or thousands have to die before you will admit statistical significance.
Not to be too cold about it, but isn't that what statistical significance requires?
I still prefer it to the "ready, fire, aim!" approach to policy.
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Re:Hmmm
No one has died as a result of the radiation from Fukushima to date
O RLY? Hey, this might not be Fukushima-related. But I had to dig to find that story, because of all the claims that people are linking to saying "no one has died because of Fukushima radiation" as if you could prove a negative. You can't, so you should just stop trying. We can't prove that an unexplained cancer is from Fukushima either, which is what you nuclear playboys depend upon. You can't track a particular cancer back to a particular carcinogen. Hundreds or thousands have to die before you will admit statistical significance.
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Great blog post, now let's examine the details
At the latest Bilderberg meeting, who were some of the attendees, and what was the connection to owning the Internet (Web), Aaron Swartz and WikiLeaks?
http://www.zerohedge.com/news/2013-06-03/full-list-2013s-bilderberg-attendees
First, there was the primary person pushing for the extradition of WikiLeaks' Julian Assange, Carl Bildt of Sweden.
Next, we have Robert Kaplan of Stratfor, the private intel outfit which was hacked by Anonymous, providing some most interesting and incriminating data.
Of course, we also see Alex Karp, of Palantir, the bunch who were prostituting themselves and tripping over themselves to run a disinformation campaign for the banksters against WikiLeaks.
Most telling, though, was a Harvard attendee, Lawrence Lessig, the dood and attorney for Aaron Swartz, the guy who was supposed to be Aaron's friend and mentor, the guy who brought Aaron into his fold so he could "watch over him" (or how about observe, compromise and interdict Aaron), the guy who waiting until after Aaron had committed suicide before he was planning to tell him that the federal prosecutors had backed away from their original onerous agenda of legally making Aaron give up any online computing for the remainder of his natural life?
Looking at that latest list of Bilderbergers, it is certainly not surprising to read this about MIT and company! -
Ah, but when you...
subtract-out the 4.2 million jobs lost during his term, the jobs picture looks less rosy.
Sure, he says he's not responsible for anything that happened in his first term other than his healthcare bill and his stimulus bill (all the bad stuff is Bush's fault of course) but Obama was no country bumpkin who got elected and then came to Washington for the first time just in time to be inaugurated.... Obama and Biden were both Democrat Senators before and during the 2008 meltdown and the Democrats at that time controlled the Senate. No matter how you cut it, he bears at least some responsibility. The BLS table you cite is fine, but it's always easier to see a graph like this one
Furthermore, Ronald Reagan actually did come to Washington from the outside when he inherited a far worse economic situation from Jimmy Carter (I'm old enough to remember it quite well) and Reagan was faced with a congress dominated by the other party (the Democrats ran the House and Senate whereas Obama had an overwhelming 2-to-1 majority control of both the House and Senate) yet Democrats blamed Reagan for the Recession AND all the related job losses. For consistency sake, Obama gets the blame for all the job losses of his terms of office... or else all Democrats must now loudly proclaim that Reagan was a FAR BETTER president than they have been willing to admit.... you don't get to have it both ways.
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If it wasn't for the Internet . . .
how would we know about the real street-level protests going in Egypt?
http://4.bp.blogspot.com/-SVY5QZCucwc/UdItScyuYbI/AAAAAAABNQM/hCnuET7xM8Y/s600/130701-obama-egypt-003.jpg
http://3.bp.blogspot.com/-ywpwtf0tt0c/UdItUBg6c1I/AAAAAAABNQ8/Xpn0SP8FSDw/s600/130701-obama-egypt-050.jpg
http://2.bp.blogspot.com/-qkeWcCGDZ0Y/UdItUdTkHOI/AAAAAAABNRA/XkM3Gy0ZIUM/s600/130701-obama-egypt-054.jpg
http://4.bp.blogspot.com/-ihWR6dN46Y8/UdItSYEFi5I/AAAAAAABNQY/UqcOGv9rtJE/s600/130701-obama-egypt-010.jpg
Courtesy of this site below:
http://www.zerohedge.com/news/2013-07-02/guest-post-egyptians-love-us-our-freedom
Once again let us give thanks to the Kennedy Administration (and their appointment of JCR Licklider to the Pentagon) for the Internet! -
If it wasn't for the Internet's existence. . . .
how would we know about the real street-level protests going in Egypt?
http://4.bp.blogspot.com/-SVY5QZCucwc/UdItScyuYbI/AAAAAAABNQM/hCnuET7xM8Y/s600/130701-obama-egypt-003.jpg
http://3.bp.blogspot.com/-ywpwtf0tt0c/UdItUBg6c1I/AAAAAAABNQ8/Xpn0SP8FSDw/s600/130701-obama-egypt-050.jpg
http://2.bp.blogspot.com/-qkeWcCGDZ0Y/UdItUdTkHOI/AAAAAAABNRA/XkM3Gy0ZIUM/s600/130701-obama-egypt-054.jpg
http://4.bp.blogspot.com/-ihWR6dN46Y8/UdItSYEFi5I/AAAAAAABNQY/UqcOGv9rtJE/s600/130701-obama-egypt-010.jpg
Courtesy of this site below:
http://www.zerohedge.com/news/2013-07-02/guest-post-egyptians-love-us-our-freedom
Once again let us give thanks to the Kennedy Administration (and their appointment of JCR Licklider to the Pentagon) for the Internet! -
Re:No backlash will be headed off
4.2% of the population is far from "so few". Heck, I know some personally (they're in my family). It's sad when people will say to your face that you're stupid for working so hard when you could be like them and sit comfortably in their trailer watching TV and let the government take care of you... They've been doing it most of their life (not a "very short time"). Those that do get off welfare are quickly replaced by others who get put on it.
Don't even look at food stamps. Nearly 20% of Americans now! And the OWS answer? Let's punish the "evil rich"! Maybe I'm unusual, but I've always been hired by either an "evil rich person" or an "evil rich corporation"!
As far as tax loopholes go, maybe we should get rid of the monstrosity that is our current tax code. Something like the Fair Tax would completely eliminate loopholes!
OWS's plan of punishing job creators will do nothing more than destroy opportunities for those who want to succeed... It is time we stop pulling the successful down. We need to pull the poor up and give them the opportunity to succeed!
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Re:No backlash will be headed off
Thank you for proving the point about "not having a clue".
4.1% of the U.S. population is not "so few". And I know some of these people first-hand (they're in my freaking family). They'd rather sit in their trailer and collect money from the government than work. They think I'm stupid because I bust my ass working when they can sit in their trailer and watch TV all day for the rest of their lives. And they've been doing it for the largest part of their lives (much more than "a very short time")!
Heck, we have nearly 20% of Americans on food stamps! And OWS answer? Let's stomp on those that are actually providing jobs and giving these people the opportunity to find meaningful employment and self-reliance! Oddly enough, I've only ever been hired to work by some "evil rich person" or "evil rich corporation". If it wasn't for these "evil rich", there'd be no jobs!
BTW... Want to get rid of the tax loopholes? Simplify the tax code! Something like the FairTax would be a great start. We don't need the monstrosity of a tax code that is full of loopholes!
I know it feels good to chant the rhetoric of OWS, but it is time to stop trying to drag down those that are actually creating jobs and employing people and start trying to pull everyone else up so that they can have those same successes. We shouldn't try to make the rich become poor, we should try to make the poor become rich! Penalizing the successful doesn't do anything more than stifle opportunities that the poor can use to crawl out of the assistance trap and create their own success stories.
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FBI also admits . . .
....they have been unable to locate his body with all those drones they've been using.
http://www.zerohedge.com/news/2013-06-19/drones-are-used-domestic-surveillance-fbi-director-admits -
Re:Facebook and Google and the NSA
Actually, they don't need access to Google and Facebook data, they have direct access to all communications at the connection points.
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Re:Modern Jesus
http://www.zerohedge.com/news/2013-06-09/nsa-whistleblower-reveals-himself
.... "I wanted to fight in the Iraq war because I felt like I had an obligation as a human being to help free people from oppression".He recounted how his beliefs about the war's purpose were quickly dispelled. "Most of the people training us seemed pumped up about killing Arabs, not helping anyone," he said.
Captcha: consent
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Re:A question to the community
No one is forcing anyone to hold money in USD, even US citizens
- that's bending the truth, putting it mildly.
There are enough laws on the books that prevent various pension funds from investing into anything but government bonds and various 'low risk' assets that are packaged by people like JPMorgan into something they call 'sacks of shit'
but at least they tend to be more moderate than what you could expect if they didn't exist.
- I fully disagree with this.
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Re:I have a better idea
Here is a good article on the subject: http://www.zerohedge.com/contributed/2013-04-06/endangered-species-entrepreneur-france
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Re:They are trying for fame and fortune!
"Syrian Electronic Army Was Here"
Is that all they've got? I mean last time a twitter account of Associated Press was hacked, just one post from it caused a flash crash on the markets with HUGE amounts of money changing hands:
http://www.zerohedge.com/news/2013-04-23/twitter-hack-compete-evaporation-all-market-liquidity-one-chart
And these guys are posting "Syrian Electronic Army Was Here"?? -
Re:They are trying for fame and fortune!
"Syrian Electronic Army Was Here"
Is that all they've got? I mean last time a twitter account of Associated Press was hacked, just one post from it caused a flash crash on the markets with HUGE amounts of money changing hands:
http://www.zerohedge.com/news/2013-04-23/twitter-hack-compete-evaporation-all-market-liquidity-one-chart
And these guys are posting "Syrian Electronic Army Was Here"?? -
Re:This is news for nerds?
As mentioned in this slashdot discussion page he had a RFID shielded bag.
http://www.zerohedge.com/news/2013-05-14/russia-captures-us-embassy-worker-act-cia-recruitment
Wireless is safe for "anyone" in the USA but we see the CIA understanding the need for a shielded bag.
We now know the NSA and CIA loves/trusts Google.
The need to buy a clean computer like device with cash to email from.
The CIA feels they can lure/own a Russian with $100k.
The going rate from the CIA is now $1 million.
New fratboy fancy dress party idea is super easy - cheapest wig, a cap and shirt. Hand out your own spy letters at the party with amazing offers.
Just watch for the Keep Geeks Busy types. -
Re:Crap, the sky is falling
A big one is that nobody ever really trades gold
- you mean since 1971. Yeah, since 1971 this planet is on a single paper currency, this has never happened before, this experiment is failing, so you are going to observe the consequences of paper failure.
they always trade paper notes that represent the gold
- bank notes are 1:1 ounces, but if a bank prints more of them than there are, then it's theft. People dealt with that for a long time, today you can have a gold backed debit and credit cards.
Another problem with gold is that there really isn't enough of it around to be used as an everyday currency.
- common misconception. What you have is billions of tons of paper (and zeroes in computer systems) and thousands of tons of gold. We are only talking about revaluation of paper against gold, the same amount of gold that exists today can represent 1 dollar or 1 quadrillion dollars, the nominal paper representation is irrelevant.
You also mentioned Cyprus, and that kind of bank taxation could have just as easily have happened with gold, unless you kept it safe yourself, which you could have done with paper currency too.
- ah, yes, that DID happen, have you heard of MF Global? Incidentally MF Global was ran by Jon Corzine, former Democrat US Senator, former NJ Governer, former CEO of GS. That should give you a serious pause, how about that? A seriously government connected banker steals ASSIGNED people's gold bars (gold bars that have serial numbers that are assigned to specific account holders), the people were mostly farmers, who hedge against bad earnings with supposedly insurance firms like MF Global. Of-course nobody is going to jail for that, just like nobody is going to jail for Cyprus.
So what is the LESSON that is learned? Trust government more, trust fiat more, trust protected monopoly banks more?
Hmmm.
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This is actually damaging, even lethal
Falsely Identified "Boston Bombing" Suspect Found Dead
The amateur detective sleuths on 4Chan, Reddit and other social sites were so eager to demonstrate their investigative prowess in the information vacuum days following the Boston Bombing, they managed to identify virtually everyone who appeared even slightly tanned and/or had a backpack as a potential suspect. Sadly, the game, as well-meaning as it may have been, just turned lethal for one of the people who were falsely identified, as NBC just confirmed that Sunil Tripathi, 22, a former student at Brown University has been found dead in the Providence River.
Giving up control and privacy for others' profits doesn't sound like a good bargain to me.
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Re:calm down HFT haters
Nobody is arguing against use of computers. People are upset that big brokerages are using computers to gain an unfair advantage in the equity markets. These markets are supposed to be a mechanism for honest price discovery, not a casino where the house always wins.
The big firms not only get asymmetric information, they are able to submit and cancel thousands of orders in a matter of seconds to steal gains from small traders. Shouldn't it be fraud?
Suppose you want to buy 100 shares of company 'X' at $10 per share and put in a bid. If someone puts up 100 shares at an ask of $9.75, your order is filled and the $25 difference should be yours. With HFTs, a firm wanting to sell 100 shares of company 'X' at $9.75 will just put out 125 separate 'ask' orders starting at $11 and lowering the ask price by 1 cent each time, eventually getting to $9.75. In the process, they hit your bid of $10 and just stole $25 that would be yours in a fair market.
A few simple rules would fix this.
1. All orders must remain open for a minimum of 3 seconds.
2. There is a fee for orders that are not executed. Say $1 for every 100 orders.Wouldn't hurt the small trader, but it would be a serious disincentive for an HFT placing millions of orders that the firm has no intention of executing.
Yeah, HFTs provide "stability" which is why we keep seeing these "flash-crash" events.
"On April 22, 2013 at 9:37:11.500 (ET), Google Flash Crashed. The price dropped from $796 to $775 in about 3/4 of a second, then rebounded to $793 a second later. The drop involved 307 trades and 57,255 shares"
http://www.zerohedge.com/news/2013-04-22/autopsy-dead-market-google-flash-crash
Too bad your computer wasn't fast enough to submit a buy order in the 0.25s window
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Google Maps - Second Site
Second Site seems to locale for this photo
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/04/Boston%20Photo.jpg
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Why is gold crashing?
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Re:quit comparing
> Gold is up because the dollar is inflating significantly
Nah. Gold is far more volatile than inflation would justify.
http://www.zerohedge.com/contributed/2012-12-07/hidden-dangers-gold
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Go ahead
But be aware FINCEN has taken an interest and the "regulation" has begun so before you involve the Uni might want to hit up a lawyer.
You have to sign up for this. "US Begins Regulating BitCoin, Will Apply "Money Laundering" Rules To Virtual Transactions"
http://www.zerohedge.com/news/2013-03-21/us-begins-regulating-bitcoin-will-consider-virtual-transactions-money-laundering" In Spain, The Bitcoin Run Has Started
trio of Bitcoin apps have soared up Spain's download charts , coinciding with news that cash-strapped
... you want to get a good sense of the stress European savers are feeling, just watch Bitcoin prices."" -
Re:In other news
"Scores on....SAT tests....have all shown marked increase...."
I was under the impression that the SAT had been de-valued, particularly with 'the great re-centering' of 1995 in order to keep the scores up (for several reasons, none particularly good ones, as I recall.) [per Wiki-p, largely to prevent embarrassment]
One source shows SAT verbal down ~25 points in past forty years. http://www.zerohedge.com/news/2012-09-24/confirming-us-dumbification-verbal-sat-scores-just-hit-record-low
I'd cut-and-paste from Wikipedia, but the relevant sections of article are not long.
Some years back I looked into this for a fellow student, and had more info, but can't now find the links - too many installs, hard drives, lousy filing.
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Re:Seperation of classes
Because historically, extreme concentration of wealth in the hands of a few coincides with recession/depression and high levels of national debt.
That's far too broad a statement, and historical evidence doesn't support it. "Equal" North Korea or "unequal" Hong Kong - take your pick! If you want least material inequality, look to cavemen! You have to look at the cause of income inequality - it can happen as the result of cronyism and injustice, or it can happen in a perfectly ideal situation where some people simply create more value.
As civilization advances, income / wealth inequality will inevitably increase - some people will create technological breakthroughs that would boggle our contemporary minds, creating Trillions of dollars worth of value in the human economy, while others will smoke pot and watch lolcatvidz all day, accomplishing nothing. What rational people should be fighting for is not some artificial equality of outcomes, but the equality of negative Rights. The richest Tillionaire cannot touch a hair on the most wretched loser's head without his consent. Smoking pot and watching lolcatvidz all day is a lifestyle choice, and this universe is big enough for everyone to pursue happiness in their own way - just as long as they don't trespass or defraud or steal or initiate any other means of aggression.
Redistributing wealth to a smaller group of people means the larger group of people have less to spend.
Wealth shouldn't be forcefully "redistributed", one way or another. Voluntary redistribution of wealth, called philanthropy or charity, will likely become more and more popular in the future, as people become wealthier, more politically aware, and less faithful to the discredited idea that all things should come from the state.
The reason we had such a great economy in the 1950s was in part due to the low income inequality via high taxation on the rich. Capitalism worked beautifully then, lifting the standards of practically every American. One can argue the same is not true today.
There are many reasons why USA had a relatively good economy in the 1950s, including: increased productivity from the integration of post-WW2 technologies, balanced Federal budgets and low inflation, high exports to (and lack of competition from) bombed-out Europe and East Asia, emergence of car/TV-empowered consumer culture, veteran work ethic, reduced racial discrimination, and a baby boom. A few scary income tax brackets aside, Government spending (particularly non-defese) was much lower than today.
With the rest of the world in shambles, "the rich" of the 1950s had little choice but to bend over and take it from Uncle Sam. This certainly is no longer true today, as most nations are gaining in Economic Freedom while USA continues its decade-long slip. Russia went from being a cannibalistic commie madhouse to now having a 13% flat tax! High taxation is a huge economic handicap, but one that USA could get away with in the 1950s, like an athlete so superior in strength that he can show up drunk and still win. That is no longer true today. Brains and capital are increasingly mobile. Raise the tax rates high enough, and tax revenue will be zero - you cannot milk a missing cow!
--libman
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Re:so what?
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Re:Can't America get its acts together ?
Right, infographic on all the platinum ever. There isn't even close to a trillion dollars of it in the world. The coin trick is very simply accounting fraud, on the largest scale it's ever been proposed. You could also add up every con man in history, and that wouldn't add up to the size of this scam.
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Meanwhile in the civilized world
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Re:I am not defending the USA
Try http://www.zerohedge.com/contributed/%3F-older-posts-militarization-american-police-–-and-shredding-our-constitutional-rights-–
has a few links, the background. Most of the reports are local like http://www.idahostatesman.com/2012/11/20/2354376/ada-county-sheriffs-office-one.html
They soon drift off Google news. The main aspect is a lot of ex mil tanks, apc, water ready 'rescue' apc's are been offered to small towns, cities, regional areas.
If you get the paper work in you get a tank or much more :) -
Re:Additionally
Here's what's going to happen. Bitcoin will be outlawed if and when the populace starts using it to a significant degree. The justification will be that it's used for money laundering and other criminal activity (unlike the traditional banking system, where that NEVER HAPPENS). We'll be told to think of the children and all that.
In reality, it will be outlawed because central banks can't control it and profit from it.
To learn more, check out this post at ZeroHedge. Or (PDF WARNING) read the full report here. -
Re:Additionally
Here's what's going to happen. Bitcoin will be outlawed if and when the populace starts using it to a significant degree. The justification will be that it's used for money laundering and other criminal activity (unlike the traditional banking system, where that NEVER HAPPENS). We'll be told to think of the children and all that.
In reality, it will be outlawed because central banks can't control it and profit from it.
To learn more, check out this post at ZeroHedge. Or (PDF WARNING) read the full report here. -
Re:Red herring
Sorry to reply to my own post, but here's more relevant information. It looks like HP farmed it out to Deloitte.
http://www.zerohedge.com/news/2012-11-20/deloitte-humiliated-quick-look-its-other-best-known-client
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Good summary from zerohedge
...here.
Bottom line: wrong business, wrong capital structure, wrong unions, wrong economy, wrong government.
No management could have kept this thing solvent.
The US quite desperately needs to repeal the Ethanol mandate and bio-fuel tax incentives and get food price inflation under control.
Screw the Iowa caucus. -
Re:Summary:
You are assuming the wealth is being concentrated in the hands of the top 1% rather than in the hands of Federal employees and others who benefit from government wealth redistribution, who are mostly multiplying in number rather than becoming wealthy enough to afford such things. The INCOME of the top 1% may be up, but it is being confiscated through numerous means.
http://www.zerohedge.com/news/2012-10-29/guest-post-wealth-inequality-america -
Re:What kind of person is he?
Hedge funds look at Apple as the most important indicator of the tech industry, because it's one of the few trades that's been so simple they made money on it this year. No one in the financial industry seems to have any memory of Apple's boom/bust times; it's just looked like nothing but easy money for too long now.
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Re:What kind of person is he?
Hedge funds look at Apple as the most important indicator of the tech industry, because it's one of the few trades that's been so simple they made money on it this year. No one in the financial industry seems to have any memory of Apple's boom/bust times; it's just looked like nothing but easy money for too long now.
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Re:Good
yeah, everything is rainbows and puppies for the car manufacturers, except these brand new cars are stuffed in distribution channels.
http://www.zerohedge.com/news/gm-channel-stuffing-soars-all-time-high
http://www.zerohedge.com/news/2012-10-02/gm-september-sales-miss-channel-stuffing-resumesThe only way to clear excess inventory without destroying wealth is to allow supply/demand achieve the clearing price which is below the current life-support-for-car-manufacturers price. Excess inventory is a sign of overproduction and overvalued product and it should not be perpetuated by throwing more money at the problem.
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Re:Good
yeah, everything is rainbows and puppies for the car manufacturers, except these brand new cars are stuffed in distribution channels.
http://www.zerohedge.com/news/gm-channel-stuffing-soars-all-time-high
http://www.zerohedge.com/news/2012-10-02/gm-september-sales-miss-channel-stuffing-resumesThe only way to clear excess inventory without destroying wealth is to allow supply/demand achieve the clearing price which is below the current life-support-for-car-manufacturers price. Excess inventory is a sign of overproduction and overvalued product and it should not be perpetuated by throwing more money at the problem.
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Re:Put your money where your mouth is
Found the link which makes it all clear http://www.zerohedge.com/news/2012-09-30/presenting-worlds-biggest-hedge-fund-you-have-never-heard
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Photos Here.