Category: Economy


About Halfway Through This Video It Becomes Obvious Why Bank’s New Ad Has Received Almost 3 Million Views in Just Days

 

 

 

 

 

” TD Canada wanted to say thank you to their customers this year in a way they felt was “unique and distinctive.”

“We thought we’d really kick it up a notch,” said Chris Stamper, SVP corporate marketing at TD Canada Trust.

  And that they did.

  The bank posted a video online showing them morph an ATM machine into what they called an “automatic thanking machine,” stunning pre-selected customers by dispensing a unique gift to each of them.

  But the bank wasn’t finished yet. The video has undoubtedly gone mega-viral because of what happens in the second half. That’s when the bank kicked it up several notches and delivered an additional, heartfelt gift to each of the customers.”

 

The Blaze

 

 

 

 

 

 

 

 

 

 

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Bill Gates’ Tech Worker Fantasy

 

 

” Business executives and politicians endlessly complain that there is a “shortage” of qualified Americans and that the U.S. must admit more high-skilled guest workers to fill jobs in STEM fields: science, technology, engineering and math. This claim is echoed by everyone from President Obama and Rupert Murdoch to Mark Zuckerberg and Bill Gates.

  Yet within the past month, two odd things occurred: Census reported that only one in four STEM degree holders is in a STEM job, and Microsoft announced plans to downsize its workforce by 18,000 jobs. Even so, the House is considering legislation that, like the Senate immigration bill before it, would increase to unprecedented levels the supply of high-skill guest workers and automatic green cards to foreign STEM students.

  As longtime researchers of the STEM workforce and immigration who have separately done in-depth analyses on these issues, and having no self-interest in the outcomes of the legislative debate, we feel compelled to report that none of us has been able to find any credible evidence to support the IT industry’s assertions of labor shortages.”

 

Read more at USA Today

 

 

 

 

 

 

 

 

 

Congress Brings Socialism To America With This Proposed Law

 

 

 

” Sadly today I am reporting to you yet another development that seems as if we are all living within the pages of Ayn Rand’s seminal work Atlas Shrugged.

  You may recall from the book that John Galt, the enigmatic protagonist, started off as a young engineer at the Twentieth Century Motor Company.

  When the owner of the company died, the heirs decided to run the business according to the new enlightened principles of the time.

  Primarily, they let all the workers vote on how the factory was supposed to be run and how much everyone should be compensated.

  And it was soon decided that “everybody in the factory would work according to his ability, but would be paid according to his needs.”

  Naturally, bright hard-working employees soon left; they found themselves working around the clock for the benefit of others who felt entitled to contribute as little as possible.

  John Galt was among the first out the door.

  And not long after, the once successful company went bust. No surprise.

  Unfortunately this is no longer fiction. Because in the Land of the Free, the United States Congress is striving to make Atlas Shrugged a reality.

  Their latest brainchild is to set up a new government bank, stuff it full of taxpayer funds, and loan the money to American workers for the exclusive purpose to help them form collectives and buy the companies they work for.

  It’s called the United States Employee Ownership Bank Act.

  And, straight from the bill, they aim to provide “loan guarantees, direct loans, and technical assistance to employees to buy their own companies. . .”

 

Read the rest at Zero Hedge

 

 

 

 

 

 

 

 

 

New York City Is America’s Unhappiest City: Study

 

 

 

 

 

 

” People living in the Big Apple are in rotten moods more often than people in other cities, according to a new study.

  New York City was ranked the least happy city in America when adjusted for income, according to a working study, titled “Unhappy Cities,” released by the National Bureau of Economic Research.

  The study leaned on a questionnaire that has been administered by the Centers for Disease Control and Prevention for the last several years and asks respondents: “In general, how satisfied are you with your life?” “

 

 

Read more

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beretta USA Announces Decision To Move Its Entire Maryland Manufacturing Capabilities To Tennessee

 

 

 

 

 

 

 

From the Beretta USA press release:

 

 

” Beretta U.S.A. Corp., located in Accokeek, Maryland, announced today that it has decided to move its manufacturing capabilities from its existing location to a new production facility that it is building in Gallatin, Tennessee.  The Gallatin facility is scheduled to be opened in mid-2015.  Beretta U.S.A. had previously planned to use the new Gallatin, Tennessee facility for new machinery and production of new products only.

“ During the legislative session in Maryland that resulted in passage of the Firearm Safety Act of 2013, the version of the statute that passed the Maryland Senate would have prohibited Beretta U.S.A. from being able to manufacture, store or even import into the State products that we sell to customers throughout the United States and around the world.  While we were able in the Maryland House of Delegates to reverse some of those obstructive provisions, the possibility that such restrictions might be reinstated in the future leaves us very worried about the wisdom of maintaining a firearm manufacturing factory in the State,” stated Jeff Cooper, General Manager for Beretta U.S.A. Corp.

“ While we had originally planned to use the Tennessee facility for new equipment and for production of new product lines only, we have decided that it is more prudent from the point of view of our future welfare to move the Maryland production lines in their entirety to the new Tennessee facility,” Cooper added. “

 

 

While the Washington Post had this to say …

 

 

” The Italian company had disclosed a $45 million plan this year to expand operations to a new factory near Nashville. But Beretta has decided to go beyond that plan because, a senior executive said, the company is “very worried about the wisdom of maintaining a firearm manufacturing factory” in Maryland.

  Maryland’s new gun restrictions, pushed by Gov. Martin O’Malley (D) after the Sandy Hook Elementary School shooting in Newtown, Conn., bans 45 types of assault rifles and put in place tough fingerprint, photo identification and training requirements. Magazines are limited to 10 rounds.

  A version of the legislation that passed the state Senate “would have prohibited Beretta ­USA from being able to manufacture, store or even import into the State products that we sell to customers throughout the United States and around the world,” the company said.

  Jeff Reh, a spokesman for Beretta USA, said in an interview that executives had become increasingly worried that future legislative sessions could end more “disastrously” for the company. “We wanted to control our own destiny,” he said. “

 

 

     It never ceases to amaze us that the politicians always seem to believe that they operate in a vacuum , that there is no alternative save to do as they command , even while the market continues to demonstrate endlessly that foolish , naive , “feel good” legislation comes with a price tag … that of lost jobs , lost revenue and lost taxes . Good for Tennessee , good for Beretta …

 

 

 

 

 

 

Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’

 

 

 

 

” Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.

  That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management. 

  Grantham pulls no punches when assigning responsibility for the coming financial carnage. In a recent interview with The New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and says the Federal Reserve all but killed the economic recovery

  Grimly, he adds, “We have never had this before. It’s going to be very painful for investors.” 

  Grantham isn’t the only one worried about a market collapse. 

“ We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it.” 

  Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment. “

 

 

Money News

 

 

 

 

 

 

 

 

 

 

Crossings Trigger Anti-Immigration Rallies

 

 

 

 

” The influx of thousands of Central Americans into the U.S. has energized anti-illegal immigration activists who organized rallies across the country in recent days.

How can we afford to take care of other countries’ poor? Americans are going hungry without jobs and no one is attending to them,” said Herbert Baker, a chiropractor standing atop a highway overpass in Los Angeles hoisting an American flag and a sign that read “Stop Illegal Immigration.”

The Los Angeles protest was among 40 in southern California and hundreds held in the U.S., part of a national call for a crackdown on illegal immigration coordinated by a coalition of anti-illegal immigrant groups. Some rallies, including those in Little Rock, Ark., Dallas and Philadelphia, drew counter protesters.”

 

 

    In typical Obama/Liberal fashion the “answer” lies in spending … spending money that we don’t have to care for people we didn’t invite … Money that our veterans don’t get , only potential democratic constituents need apply … Corruption everywhere you look from our “most open , honest and transparent” administration .

 

 

” President Obama has asked Congress for $3.7 billion in emergency spending to respond to the crisis and lawmakers are weighing whether to amend a 2008 law to expedite deportations. The House and Senate are moving forward on separate bills with no clear deal in sight. On Friday, Mr. Obama is scheduled to meet at the White House with the presidents of Honduras, Guatemala and El Salvador to discuss ways to stanch the flow.

  In Texas’ Rio Grande Valley, the main entry point, federal officials and aid workers have reported that fewer than 100 minors a day were apprehended by border agents last week, compared with as many as 300 a day recently.”

 

Wall Street Journal

 

 

 

 

 

 

 

 

 

 

 

Electorate Awakens: Obama Gas And Mortgage Groupie Now Says He Lied About Everything

    Everyone remembers this viral video of Florida mother Peggy Joseph voicing her unqualified support for Santa Obama , the candidate that will pay her mortgage and put gas in her car , but just in case you’ve forgotten just how enthusiastic the woman was here is the video again …

 

 

 

   Fast forward six years and Ms Joseph is whistling a different tune . Documentary filmmaker Joel Gilbert located Peggy as part of his latest project “There’s No Place Like Utopia” and here is what she has to say after six years of “Hope & Change”.

 

 

 

 

” Remember that South Florida woman who had her fifteen minutes of fame claiming Obama would pay for her mortgage and gas?

  Before the 2008 election, she was filmed saying “I won’t have to worry about putting gas in my car, I won’t have to worry about paying my mortgage. If I help him, he’s going to help me!”

  Well, documentary filmmaker Joel Gilbert tracked down Peggy Joseph to see how all that hope and change is working out for her and six years later, she’s had a complete change of heart. After living through Obama’s failed economic policies, she now says “he lied about everything.” “

 

Read the rest

 

 

 

 

 

 

 

 

 

 

 

Russian Hackers Put ‘Digital Bomb’ In Nasdaq Computers

 

 

 

” Russian computer hackers placed a “digital bomb” capable of sabotaging data and derailing the US economy into Nasdaq’s computer systems, it has emerged.

  The cybercriminals slipped the “cybergrenade” into Nasdaq’s computer network in 2010 using malware capable of spying and stealing data, according to Bloomberg Businessweek.

  The bomb was never set off, but had the capability of derailing stock market computers. An FBI system monitoring of US internet traffic picked up the alert and found that the hackers had used “zero day” vulnerabilities.

  Zero days are previously unknown flaws in computer code that allow hackers to easily take remote control of a computer.

  A similar type of malware has been designed and built by Russia’s main spy agency, the Federal Security Service of the Russian Federation. However, Russian officials denied any government connection to the security breach.

  Investigators also discovered evidence that the Russian malware was being used by a sophisticated Chinese cyberspy known to be operating a thriving criminal business.”

 

IBT has more

 

 

 

 

 

 

 

 

 

 

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This Eye-Opening Map Shows The Reason Gas Is More Expensive In Some States Than Others

 

   This map shows why the cost of gasoline is so high and why there is so much variation from state to state . The simple answer is , of course , taxes , both state and federal . Click on the map below to go to the interactive page that will give the reader specific details for each individual state and bear in mind that , even as the Statists demonize the oil industry as some sort of price-gouging profiteers , that the various government entities make more from the sale of a gallon of gas than do the evil energy producers .

 

 

Gas Taxes By State

Click Map For Interactive Link

 

 

” The federal excise tax is 18.4 cents per gallon, and the rest of the taxes are particular to each state and vary greatly around the country.

  The two states with the biggest taxes: New York at $0.505 and California at $0.4978. The two states with the lowest taxes: Alaska at $0.124 and New Jersey at $0.145.

  Expressed as a percentage, based upon current prices which are $3.678 as averaged across the nation, the price for a gallon of gas breaks down like this:

  • 10% for refining costs and profits
  • 10% for transportation and retailing costs and profits
  • 13% for taxes and fees
  • 67% for crude oil

  One thing to notice: The total costs and profits for everything except the oil is just slightly larger than the amount that goes to state and federal taxes.”

 

 

Here is a bit more perspective on those “massive profits” raked in by “Big Oil” …

 

 

 

 

 

 

” ExxonMobil’s earnings are from operations in more than 100 countries around the world. The part of the business that refines and sells gasoline and diesel in the United States represents less than 3 percent – or 3 cents on the dollar – of our total earnings. For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”

 

 

 

As the astute reader can easily ascertain , the only “price gouger” in the energy business is the State .

 

 

 

 

 

 

 

 

 

 

Houston Black Woman Epic Rant on Illegals – ” Why Can’t They Go Back ? ” – Bernadette Lancelin

 

 

 

 

Published on Jul 9, 2014

” Bernadette Lancelin is very upset that the unaccompanied minors flooding across the border aren’t being sent back home. Instead they are being put in detention centers around the country. Lancelin is out with the local news in Houston because a closed middle school that hasn’t been used in years is now on the list to become another detention center. And she, among others, is furious about it. It’s not right. Now billions of dollars want to be borrowed from the White House to help feed and house them.

  What about the kids here? In our neighborhood? In our country? Not just in this neighborhood but in our country.

All these kids? Really? Why can’t they go back?

  I’m sorry that their parents are in poor living conditions or surroundings or whatever’s going on out there. I don’t care.

  I care about what’s going on right here in my own back yard, my neighborhood.

  Am i the only one in this community that’s out here that watches the news this morning. Oh, my god! I feel alone right now this this, and I’m very saddened by it.”

 

 

 

 

   The above graphic says it all . No one has been worse for the black community than the “first black president” yet he has continued to command their undying loyalty . Maybe that is about to come to an end . Sooner our later everyone has to look beyond racial pride and see to their own best interests .

 

 

 

 

 

 

 

 

 

Why You Feel Poorer

 

 

costoflivingxpenses-7-1-14

 

 

 

 

” You feel poorer because you are poorer.

  In the last fourteen years, has your income increased over 50%? If you think it has, has it done so after taxes? Even if it has, you likely have not kept up in terms of inflation.

  If you are a retiree, living on fixed income, a pension or bonds, you certainly have become poorer. If you had bought the Dow-Jones on 12/31/1999 you would have entered at about 11,500. It closed last week at less than 17,100. That would have been an appreciation of 6,600, better than 50%. But, of course, that was before taxes.

  As a retiree, you have seen your purchasing power stolen by Fed policies. Whether you invested in fixed income or equities, you lost ground. Anyone in that position has seen their lives become poorer despite a lifetime of successful work and careful financial planning.”

 

 

    As it stands now , no matter how hard you work and save , you’ll never get ahead , not with the present monetary policies put in place at the behest of the Fed and the government . The authorities are systematically destroying all that the American public has worked so hard to attain . The American dream is not being killed by China … It is a victim of filicide

 

 

” For those still working, most are losing purchasing power each year. Wages are not keeping up with inflation, even the understated numbers reported by government. In short, the decline of a once-great economic power is well underway. The country is no longer growing enough to raise everyone’s standard of living.

  Government has killed the golden goose and in an attempt to hide the obvious is debauching the dollars. Government tries to hide their own failure with phony statistics and a welfare state designed to placate the masses. Bread and circuses are deceptions not progress.”

 

 

Read the rest

 

 

 

 

 

 

Border Patrol Agent: The Obama Admin “Aiding And Abetting And Facilitating The Smuggling Of Illegals” Into US

 

 

 

 

” After being questioned by the other guest, Garza goes on to explain that what he means by “aiding and abetting” is that the federal government is just taking the information of these illegals and telling them to report back to an immigration hearing based on the honor system. He says that the majority of these people will never report back to an immigration hearing.

  Garza also points out that it’s not just children being smuggled, but whole families coming across, and he asks a very important question:

  How do you expect a mother from Honduras that is crossing the country with 3 to 5 children, and they’re all young-aged children, how do you expect for that mother who comes to this country to actually begin working?

  This illegal alien who comes to this country with 3 to 5 kids is gonna depend on our welfare system, on government assistance. And you know what? That is costing the taxpayer a lot of money.

That’s exactly right. Cloward and Piven at the border. “

 

The Right Scoop

 

 

 

 

 

 

 

 

 

The Map With Only 38 States

 

 

 

” In 1973, California State University geography professor George Etzel Pearcy suggested that the U.S. redraw its antiquated state boundaries and narrow the overall number of states to 38.

  Pearcy’s proposed state lines were drawn in less-populated areas, isolating large cities and reducing their number within each state. He argued that if there were fewer cities vying for a state’s tax dollars, more money would be available for projects that would benefit all citizens.

  Because the current states were being chopped up beyond recognition, part of his plan included renaming the new states by referencing natural geologic features or the region’s cultural history.

  While he did have a rather staunch support network—economists, geographers, and even a few politicians argued that Pearcy’s plan might be crazy enough to work—the proposal lost steam in Washington. Imagine all the work that would have to be done to enact Pearcy’s plan: re-surveying the land, setting up new voter districts, new taxation infrastructure—basically starting the whole country over. It’s easy to see why the government balked (though that doesn’t mean it was a bad idea).”

 

Mental Floss

 

 

 

 

 

 

 

 

 

 

Fears Of EPA ‘Land Grab’ Create Groundswell Against Water Rule

 

 

 

 

 

 

” Lawmakers are up in arms over an Environmental Protection Agency (EPA) proposal that they fear could give federal officials expansive new powers over private property and farmland.

 The EPA is seeking to redefine what bodies of water fall under the agency’s jurisdiction for controlling pollution. The scope of the final Clean Water Act (CWA) rule is of critical importance, as any area covered would require a federal permit for certain activities.

  The rule is facing a groundswell of opposition from lawmakers, who fear the EPA is engaged in a “land grab” that could stop farmers and others from building fences, digging ditches or draining ponds.

  More than 260 lawmakers, spanning both chambers and parties, have come out against the EPA’s action.”

 

 

 

 

 

 

 

” A group of 231 members of the House recently sent a letter to the EPA and the Army Corps asking them to withdraw the regulation. The group included almost the entire House Republican conference, as well as 19 Democrats.

“ Although your agencies have maintained that the rule is narrow and clarifies CWA jurisdiction, it in face aggressively expands federal authority under the CWA while bypassing Congress and creating unnecessary ambiguity,” the lawmakers wrote.

  The proposed rule is eight years in the making, and aims to clear up ambiguity in federal regulations that the EPA says was created by a series of Supreme Court decisions. “

 

 

 

 

 

 

” The EPA says the new rule — dubbed “Waters of the United States,” or “WOTUS” — would not massively expand its authority, nor would it create powers over back yards, wet spots or puddles.

The rule would place features such as ditches, ephemeral drainages, ponds (natural or man-made, prairie potholes, seeps, flood plains, and other occasionally or seasonally wet areas under federal control,” the House lawmakers wrote in their letter.

  The Senate also has a significant faction fighting the EPA’s action. Thirty Republican senators signed onto a bill introduced this week that would prevent the EPA and the Army Corps from moving forward.”

 

More at the Hill  and you can find out more at #DitchTheRule.FB.org

 

 

 

 

 

 

 

 

 

 

This Charming 18th Century Home Could Be Yours

 

 

83 Newtown Lane

 

 

     Situated in the heart of East Hampton village , this charming cottage which dates from approximately 1800 is just steps from the central business district including the train station , jitney stop and all the shopping one could hope for . In addition to the close proximity to town the property is also zoned for commercial use . 

 

 

83 Newtown

 

 

 

     It sits on a corner lot across from the EH middle school and offers exposure to traffic , both pedestrian and vehicular that is second to none . Aside from the living potential the 1200+/- sq ft building would make a magnificent professional space .  This unique property offers the discriminating buyer endless flexibility in both living and working opportunities .

 

 

 

The East End

 

For further information contact Martha Gunderson @ (631)901-6131

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Kronies: Laughing All The Way To The Export-Import Bank

 

 

 

 

Published on Jun 16, 2014

” Get Konnected at http://thekronies.com/

  In this very special episode of “The Less You Know”, Johnny and Bobby learn a valuable lesson about campaign finance. 

  With a crucial re-authorization vote looming, the Representatives must decide whether or not to support the U.S. Export-Import Bank. Johnny and Bobby nearly make a terrible mistake, one that could endanger their political careers! 

  Luckily, Bankor and Ariel Stryker appear just in time to set the Reps straight…straight on the path to re-election. Including a special appearance by “the Big man” himself, this episode is sure to capture hearts, minds, and votes.”

 

 

 

 

 

 

 

 

 

 

 

 

 

IMF Slashes Estimate For US Economic Growth In 2014

 

 

 

 

 

” The International Monetary Fund slashed its forecast for US economic growth on Monday, citing a harsh winter, problems in the housing market and weak international demand for the country’s products.

  In its annual review of the US economy, the IMF cut its growth forecast by 0.8 percentage points to 2%. At a press conference IMF managing director Christine Lagarde blamed the bad winter for much of the cut and said the setback should be temporary. But she warned: “Growth in and of itself will not be enough.”

  As part of a series of reforms the IMF has called for an increase in the minimum wages in the US, currently the lowest when compared to the average wage in any of the Organisation for Economic Co-operation and Development (OECD)’s 34 countries.

  She said the number of long-term unemployed, 3.4 million in May according to the Department of Labor, remained too high and the percentage of people in or actively looking for work, the so-called participation rate, remained too low.”

 

 

 

    While acknowledging the impact that our huge unemployment rate is playing in the lack of recovery , Ms Lagarde proceeds to lecture the US on the need to hike the minimum wagethat will spur employment , yeah , right . Their second recommendation is the other tried and true Statist “recovery tool” … government stimulus

 

” The IMF believes the US also needs to do more to mitigate the impact of its aging population and to stimulate productivity. The best option would be for government to boost spending, notably on infrastructure, the IMF said.”

 

 

 

The Guardian has more

 

 

 

 

 

 

 

 

“Liquidity Is Becoming A Serious Issue” As Japan’s Bond Market Death Goes Global

 

 

 

 

 

” While we noted last week the death of the Japanese bond market as government intervention has killed the largest bond market in the world; it is now becoming increasingly clear that the dearth of trading volumes is not only spreading to equity markets but also to all major global markets asinvestors rotate to derivatives in order to find any liquidity. Central planners removal of increasing amounts of assets from the capital markets (bonds and now we find out stocks), thus reducing collateral availability, leaves traders lamenting “liquidity is becoming a serious issue.” While there are ‘trade-less’ sessions now in Japanese bonds, the lack of liquidity is becoming a growing problem in US Treasuries (where the Fed owns 1/3rd of the market) and Europe where as JPMorgan warns, “some of this liquidity may be more superficial than really deep.” The instability this lack of liquidity creates is extremely worrisome and likely another reason the Fed wants to Taper asap as DoubleLine warns, this is “the sort of thing that rears its ugly head when it is least welcome — when it’s the greatest problem.”

As Bloomberg reports,

Japan’s bond market is dead… and so is its stock and FX markets…

 

  The Bank of Japan’s unprecedented asset purchase program has released a creeping paralysis that is freezing government bond trading, constricting the yen to the tightest range on record and braking stock-market activity.

“ All the markets have been quiet,” said Daisuke Uno, the Tokyo-based chief strategist at Sumitomo Mitsui Banking Corp. “We’ve already seen the BOJ dominance of JGBs since last year, but recently participants in currency and stock markets are also decreasing as those assets have traded in narrow ranges.”

“ The flows on both the buying side and selling side continue to fall,” said Takehito Yoshino, the chief fund manager at Mizuho Trust & Banking Co., a unit of Japan’s third-biggest financial group by market value. “Falling volatility is a very serious problem for traders and dealers who are unable to get capital gains.”

The effects of the plunge in Japan’s bond market is hardly limited to the land of the Rising Sun …

The US is getting that way as the Fed owns one third of the market…

 

” And with that not only have the central planners broken the largest and historically most liquid markets in the world but have forced investors into leveraged derivatives positions (in order to find liquidity for their exposure-seeking) which themselves are entirely over-promise (relative to the underlyings) and under-collateralized with any quality collateral. As we concluded previously

 
 

  Assume tomorrow the real black swan appears and all the liabilities: traditional and shadow, promptly demand collateral delivery. Well, the $11 trillion shortage would mean that risk values of, for example the S&P, would be haircut by a factor of, say, 75%. Or back to the proverbial 400 on the S&P500.

  Still think owning real high quality collateral, not of the paper but of the hard asset variety such as gold, is a naive proposition, best reserved for fringe lunatic, tin foil hatters and gold bugs?

Go ahead then: sell yours. “

 

 

 

Continue reading at Zero Hedge

 

 

 

 

 

 

 

 

 

 

 

Ex-Border Agents: Immigrant Flood ‘Orchestrated’

 

 

 

” An organization of former Border Patrol agents Wednesday charged that the federal government, under the administration of President Obama, is deliberately arranging for a flood of immigrant children to arrive in America for political purposes.

This is not a humanitarian crisis. It is a predictable, orchestrated and contrived assault on the compassionate side of Americans by her political leaders that knowingly puts minor illegal alien children at risk for purely political purposes,” said the statement released by the National Association of Former Border Patrol Officers.

“ Certainly, we are not gullible enough to believe that thousands of unaccompanied minor Central American children came to America without the encouragement, aid and assistance of the United States government,” the officers said.

“ Anyone that has taken two six- to seven-year-old children to an amusement park can only imagine the problems associated with bringing thousands of unaccompanied children that age up through Mexico and into the United States.”

 

 

   This “humanitarian crisis” is about as spontaneous as the Benghazi terror attack that left four Americans dead . While we won’t go so far as to suggest that Benghazi was deliberately allowed to happen by this administration we will not show the same charity as regards the current flood of illegal minors pouring into Texas and the entire southwest . 

    This has all the earmarks of an Alinsky-ite manufactured crisis and can be traced directly Rule #3:

 

* RULE 3: “Whenever possible, go outside the expertise of the enemy.” Look for ways to increase insecurity, anxiety and uncertainty. (This happens all the time. Watch how many organizations (ed. note – states) under attack are blind-sided by seemingly irrelevant arguments that they are then forced to address.)

 

 

     It is highly ironic the Mr Alinsky passed away 42 years ago today , June 12 , 1972 . The “crisis” on our southern border also bears the hallmarks of the  Cloward-Piven strategy of overloading the system in order to create the need for the State to step in with a “solution” . Their hallmark essay of 1966 set the ground rules and provided a handbook for the eventual conversion of the Land of Liberty into a socialist “paradise” …

 

 

” By crisis, we mean a publicly visible disruption in some institutional sphere. Crisis can occur spontaneously (e.g., riots) or as the intended result of tactics of demonstration and protest which either generate institutional disruption or bring unrecognized disruption to public attention. Public trouble is a political liability, it calls for action by political leaders to stabilize the situation. Because crisis usually creates or exposes conflict, it threatens to produce cleavages in a political consensus which politicians will ordinarily act to avert.”

 

 

     If one were to propose one word that could best sum up the record of the Obama administration , “crisis” would most assuredly top our list . The entire history of the past six years reads as nothing more than a leap from a frying pan into the fire and back , over and over again . From Fast & Furious to Benghazi , from Healthcare to the Arab spring , from Ukraine to Illegal immigration , from Syria to Iran , from the VA scandal to the Bergdahl trade , oh hell , the list goes on and on …

 … but has there ever been a time when so many issues were unraveling at the same time ? Does anyone believe that much in the power of coincidence ? We don’t .

 

 

 

Read it all at WND

 

 

 

 

 

 

 

 

 

 

 

Free Books: 100 Legal Sites To Download Literature

 

 

 

 

 

The Classics

” Browse works by Mark Twain, Joseph Conrad and other famous authors here.

  1. Classic Bookshelf: This site has put classic novels online, from Charles Dickens to Charlotte Bronte.
  2. The Online Books Page: The University of Pennsylvania hosts this book search and database.
  3. Project Gutenberg: This famous site has over 27,000 free books online.
  4. Page by Page Books: Find books by Sir Arthur Conan Doyle and H.G. Wells, as well as speeches from George W. Bush on this site.
  5. Classic Book Library: Genres here include historical fiction, history, science fiction, mystery, romance and children’s literature, but they’re all classics.
  6. Classic Reader: Here you can read Shakespeare, young adult fiction and more.
  7. Read Print: From George Orwell to Alexandre Dumas to George Eliot to Charles Darwin, this online library is stocked with the best classics.
  8. Planet eBook: Download free classic literature titles here, from Dostoevsky to D.H. Lawrence to Joseph Conrad.
  9. The Spectator Project: Montclair State University’s project features full-text, online versions of The Spectator and The Tatler.
  10. Bibliomania: This site has more than 2,000 classic texts, plus study guides and reference books.
  11. Online Library of Literature: Find full and unabridged texts of classic literature, including the Bronte sisters, Mark Twain and more.
  12. Bartleby: Bartleby has much more than just the classics, but its collection of anthologies and other important novels made it famous.
  13. Fiction.us: Fiction.us has a huge selection of novels, including works by Lewis Carroll, Willa Cather, Sherwood Anderson, Flaubert, George Eliot, F. Scott Fitzgerald and others.
  14. Free Classic Literature: Find British authors like Shakespeare and Sir Arthur Conan Doyle, plus other authors like Jules Verne, Mark Twain, and more.”

 

 

    These classics sites are only the beginning . Go to Just English and you will find links for free books in many other categories as well , like children’s books , textbooks , math & science , plays , modern fiction , philosophy , foreign language , rare books and much more , all free and legal downloads . 

 

 

 

 

 

 

 

 

 

 

George Strait Breaks Rolling Stones’ Concert Record

 

 

 

 

 

 

” Country music king George Strait capped off the last tour of his career with an epic, star-studded final performance at the billion-dollar stadium where the Dallas Cowboys play, dazzling an audience of nearly 105,000 people with duet after duet with some of the biggest names in country music.

  The attendance shattered the previous record set by The Rolling Stones at The Louisiana Superdome in 1981. More than 10,000 fans alone took in the three-hour show from the stadium floor.

” Oh, man. I tell you what. This is too much fun,” he said.

  Known for his honky-tonk style, classic interpretation of Western swing and Texas cowboy get-up, Strait is the undisputed patriarch of a generation of country music stars, none of whom left the stage Saturday without paying homage to or receiving a hug from the country music legend.

” In the early ’80s when I was a young man in Georgia, I was a big fan of `Unwound,'” Alan Jackson said of the 1981 hit that propelled Strait to stardom. “You’re the reason I came to Nashville, Tennessee. God bless you.”

 

CBS News

 

 

 

 

 

 

 

 

 

 

 

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