Bad Banks
QUESTION: “When you comment on the banks, are you referring to FIDELITY INVESTMENTS?”
ANSWER: No. The banks you want to stay away from are the big money center banks in New York that engage in proprietary trading. Although they like to pretend they are smart, they are really trading with inside info. They constantly look for the risk-free trade and over the years, they have bribed everyone from the IMF to Russian politicians. Because they try to rig the game, they actually have no real risk skills. If you are bribing the IMF to keep the loans going to Russia, then why worry when interest rates go to 50% since you have the IMF saying I got you? This is why they always blow up. They seek the perfect rigged trade and that means they do not consider risk when they pay to keep government in their back pocket.
Stay far away from the proprietary trading banks. They are the ones that will blow up as always. This time, depositors will pay – no more bailouts.
Obama – Who is on First
The long debate that Obama’s birth certificate is a forgery has been admitted in court by Obama’s lawyer. However, that does not prove he is not eligible in a state court since law still prevails to some extent at that level unlike at the Feds. The birth certificate is a forgery but does that prove he was not born in the USA? Is he someone planted to simply usurp all rights? Who knows? It is far too late to get him out now. Just lies, lies, and more lies. This is becoming a comedy routine – who is on first.
Gold Stocks In Panic Mode?
The Gold Stocks have fallen from grace fairly hard. This is what is actually necessary for the rally to continue into the 2017 to 2020 area. Supply must be reduced. As marginal mines shut down or slow production, this helps to reduce future supply. It will take a steady rise in prices to new highs before a lot become convinced to start-up again. Adjusted for inflation, the 1980 high is about $2300. That is the general level that must be exceeded before a real bull market unfolds.
http://www.mining.com/web/gold-stock-panic-levels/?utm_source=digest-en-mining-130428&utm_medium=email&utm_campaign=digest
Italy Turns Anti-Austerity & European Chaos Fills the Air
In Italy, the new government was sworn in as a pseudo-anti-austerity government which has the blessings of Berlusconi. There was an attempted assassination of politicians by an unemployed Talian, not that he was for austerity, but rather just against politicians. This is the rising trend that is starting to bubble beneath the surface. The ECB is desperately trying to ease a bit hoping to calm the storm in order to support the Merkel in the German elections. She is the last hope for Europe. If she goes, so will austerity and the economic union will start to tear apart.
You must understand that as the yen has declined, Japanese cars are gaining market share against the Germans who are saddled with a high Euro. The conflict is building where industry wants a lower Euro and Merkel wants austerity.
Meanwhile, there is a huge bureaucratic infrastructure of a federalized Europe in place. Brussels would not exist with the Euro. All these political jobs now are tied to the Euro’s survival. Instead of trying to revise it, they are all about maintaining the current status. This is why there will NEVER be a gold standard. Any effort to reform the system is in opposition to maintaining the bureaucratic infrastructure. This is why there is serious talk about letting the banks go and shifting the burden to the depositor. The bankers will not get bailout with another $700 billion check.
Things are never what the seem on the surface.
People should know what is really going on in technology. Windows 8 did more than remove the Start Menu, they replaced it with the Start Screen, which reports to Microsoft EVERY program you install. They claim this is to protect you from an attack. Granted, Microsoft is not the Dark Lord and would not perhaps be interested in looking at everything on your computer. However, the new law that allows the government to shut down any site for violating any copyright which is a covert way to shut-up people they do not like, also includes the right to demand all information without a search warrant from all the service providers. Therefore, they could easily go to Microsoft and demand they download everything from your computer with no notice to you whatsoever.
Naturally, this will be played down. However, there is also a chip in your car that will tell the dealer how fast you have EVER driven. All the info how and where you drive can also be now seized by the government. What is in your car is the new age black box.
These people cannot sleep at night worrying someone has some money they didn’t pay taxes on or is saying things they do not like. They want everything. You have no privacy in emails. Judges have held that is somehow different than a written letter in their twisted logic. This is the problem with government appointed judges. Human rights always go out the window.
I broke down and bought two new laptops with Windows 8. I turned one on and left it on my desk and took the other home. The default was the computer is automatically in “sync” with your other devices without requesting that. I changed the background and started to set it up over the weekend. When I came into the office, the background on the other computer now matched the one I worked on at home. After diving into the security problem, the layers of default to all sorts of cloud activity is alarming. Yes you can sync all your devices so you do not have to type it in again. This didn’t even ask me if I wanted to do that. This also means government can access your computer and they could turn on the camera and even impose taxes on sex. There is nothing beyond the observation of government. The question is, why the hell do they have to know everything everyone is doing?
A word of caution about Windows 8 and the new technology that is out there. Nothing is private anymore. Windows 7 is better – we now need a NON-US company to compete against Microsoft. An enough is enough.