There is No Going Back – NSA is here to Endure
The NSA has become the American Stasi equivalent to the Ministry for State Security (German: Ministerium für Staatssicherheit, MfS). The NSA is very much the modern Staatssicherheit, literally collecting data from all of the cloud providers such as Google, Facebook, Apple and Yahoo, etc. The NSA is now involved in partnerships with all the major telcos in the USA, and many others around the world, to collect data on the backbone of communication. The NSA is tapping into all airline passenger manifests even on flights entirely within Europe. We see the NSA deliberately subverting cryptography entering into secret agreements with vendors rendering security systems less effective that opens the doors for others both government and private hackers. The full scope and scale of these spying programs are enormous.
The only analogy one can possibly arrive at is the NSA has destroyed technology and seized technological advancement without their hand in it somewhere. This will not end nicely. No matter who we elect, the NSA will always be their and once they have bitten so deeply into the backbone of society, there will be no retreat.
At this point in time, it seems pretty clear which side of the conversation freedom stands. Edward Snowden is clearly a hero who the US government would hang for treason. What Snowden was compelled to do, was highly patriotic. There will never be going back as long as the government as we know it no longer exists.
Collectables – Still Strong
The US rare coin market remains strong and is a “movable” asset class as is the case with ancient coins. A rare US $4 dollar “Coiled Hair Stella” gold coin from 1880 was auctioned at Bonhams in Los Angeles on Monday, bringing $2.5 million, or $1 million more than expected.
The coin contains six grams of pure gold and is actually a pattern that was never released into circulation, unable to gather sufficient public support for this unusual denomination. This 1880 $4 Coiled Hair Stella is one of the so-called white whales of the coin collecting world. They are so rare, they come on the market maybe once or twice, at most, every decade, but remain a classic pattern coin although never actually issued or monetized.
Politicians Are the Greatest Threat to our Survival
Democratic Senator leader Harry Reid told the press that “Republicans obsessed with defunding health care reform are pushing us closer and closer to a government shutdown that would tank the economy.” A shutdown will not “tank” the economy. Nevertheless, politicians worldwide are ignorant that they are the major threat to the world economy. This socialistic agenda has completely failed and pensions are a ticking time bomb that cannot be diverted with rhetoric. We have seen the public begin to make changes. The elections in Australia overthrew the ruling party. In Germany, they flipping almost to a full majority that has not been seen since 1957.
We will see dramatic political changes in the USA as well come the 2016 elections. Nonetheless, 2014 will be also quite important for we will begin to see changes unfolding in the USA as well. Our models for 2016 show a sharp rise in 3rd Party activity, which historically correlation with economic catastrophe. Politicians are the greatest threat we have to our survival. They cannot see that the old theories are turning to dust and are about to be swept away by the winds of change. We need reform now. It is vital that everyone press as hard and get as many people aware of the source of our economic pain. We need a fresh generation who sees what has been done shall be no more.
Merkel Won – Not Europe
The tragic saga of Europe is that Merkel’s victory means no change for Europe. The September elections may have surprisingly given Merkel’s party a near majority, but the likelihood of any real reform in Europe is now zero. We will see the slow and gradual decline and that is a sad state of affairs.
There are still some significant obstacles in Europe from the banking sector, not to mention the anemic pace of economic growth. While Germany, the region’s largest economic player reelected Merkel for a third term as Chancellor, the benefits are indeed fleeting. Many people fear change. But that is precisely what is necessary.of this embrace of stability appear to be fleeting or fully digested.
We see no positive change in trend for Europe. What lies ahead is still more of the same.
Here We Go Again
The National Credit Union Administration (NCUA) filed a complaint against Morgan Stanley and Morgan Stanley Capital I Inc, Barclays, JPMorgan Chase & Co’s unit Bear Stearns, Credit Suisse Group, Royal Bank of Scotland Group and UBS sold faulty securities to Southwest and Members United corporate credit unions. Goldman Sachs Group Inc, Wachovia Corp, a unit of Wells Fargo & Co and Residential Funding Securities LLC, now Ally Securities, also sold faulty securities to Southwest. The NCUA has filed its complaint to pursue accountability and recovery in the wake of billions of dollars in sales of faulty securities. The abuse of trust simply never ends.
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