Big Lie

Bank Of England To The Fed: “No Indication Should, Of Course, Be Given To The Bundesbank…”

"At least two central banks have conspired on at least one occasion to provide the Bundesbank with what both banks knew was 'bad delivery' gold amounting to 172 bars. The 'bad delivery' occured even as official gold refiners had warned that the quality of gold emanating from the US Assay Office was consistently below standard, and which both the BOE and the Fed were aware of. Instead of addressing the issue of declining gold quality and purity, the banks merely covered up the refiners' complaint." Continue reading →

Continue ReadingBank Of England To The Fed: “No Indication Should, Of Course, Be Given To The Bundesbank…”

Traders Getting Replaced By Machines

"Wall Street’s credit-derivatives traders, who before the financial crisis commanded $2 million of annual pay, are being replaced by machines as banks cut costs and heed new regulations. UBS AG, Switzerland’s biggest bank, fired its head of credit-default swaps index trading, David Gallers, last week, with no plan to fill the position, according to two people familiar with the matter. Instead, the bank replaced Gallers with computer algorithms that trade using mathematical models." Continue reading →

Continue ReadingTraders Getting Replaced By Machines

61.2% Voted For Nobody

"That’s my tentative estimate (based on Google election result and population statistics) of the percentage of Americans who voted for nobody for President of the United States on Tuesday. About 38.8% of the population supported one of the candidates; about 19.5% of the population supported the alleged 'winner.' 61.2% of the population did not consent to be ruled at all, and fewer than one in five Americans consented to be ruled by Barack Obama. The figures are likely similar for most or all of the 435 US Representatives and 33 US Senators 'elected' on Tuesday." Continue reading →

Continue Reading61.2% Voted For Nobody

Ron Paul: We’re Broke and Already Over Fiscal Cliff – Bloomberg 11/08/2012

"U.S. Representative Ron Paul, a Texas Republican, talks about U.S. fiscal policy, and the prospects of political compromise on the nation's budget defict. Paul speaks to Betty Liu on Bloomberg Television's 'In the Loop.'" Continue reading →

Continue ReadingRon Paul: We’re Broke and Already Over Fiscal Cliff – Bloomberg 11/08/2012

Obama Won. Now What Will You Do?

"Washington is headed for gridlock. This is good. This is not a dysfunctional government. A dysfunctional government passes lots of laws. The laws are almost always bad laws. Then the federal bureaucracy interprets and implements these laws in the Federal Register. What little that might have been good gets bad. A gridlocked government is the best we can hope for. My suggestion: start making major changes in your life’s plan. Make them in terms of reality: the unfunded present value of future federal liabilities: $222 trillion." Continue reading →

Continue ReadingObama Won. Now What Will You Do?

Treasury Quietly Warns: ‘Expect Debt Limit to Be Reached Near End of 2012′

"The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year--which means before the new Congress is seated--and that "extraordinary measures" will be needed before then to keep the government fully funded into the early part of 2013. On Aug. 2, 2011, President Obama signed a deal he had negotiated with congressional leaders to increase the debt limit of the federal government by $2.4 trillion. But, now, after only 15 months, almost all of that additional borrowing authority has been exhausted." Continue reading →

Continue ReadingTreasury Quietly Warns: ‘Expect Debt Limit to Be Reached Near End of 2012′

Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says

"Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc. A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. In China, the world’s biggest emitter, greenhouse gases from fuel use rose more than 9 percent in 2011." Continue reading →

Continue ReadingObama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says

Intrade Was Right: Obama, Senate, House

"I never doubted Intrade's results after the Senate fell from 53-47 for the Republicans to 20-80 against. There was no 'margin of error' worth talking about in any of the three betting markets: President, Senate, or House. There comes a time to face up to reality. The reality is this: the polls are no match for the accuracy of betting sites when a large number of people are betting. All of the money spent on polling was wasted. All of the emotion spent on assessing the polls was wasted." Continue reading →

Continue ReadingIntrade Was Right: Obama, Senate, House