Stacy Summary: Sorry the site was down this morning. It’s back up though. Thanks to @Phil for this great link from Market Ticker about S&P removing One-Click P/E. Hey, M3 is gone. U6 is hidden. Gold is unaudited. The Fed is a black hole of unaccountability. Welcome to Soviet States of America.
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U.S.A., Inc.
Back in the U.S.S.A!!!
@ stacyherbert,
Yes the ‘free’ market is over, it’s now openly rigged to meet the needs of the state and it’s favoured corporations.
However, it’s not the Soviet States of America (outside of US right-wing fantasies), it’s the Corporatist States of America.
To suggest it’s ‘communist’ in any sense is to fall into, or play to, the latest and greatest lie cultivated by the neo-conservative ideologues who dominate the US right.
Locally, my city in Australia has just recorded its warmest November on record. Whilst the ClimateGate email scandal is inexcusable, there’s definitely something happening in my end of the world — and it isn’t “global cooling” — or good.
For discussion:
http://www.theage.com.au/environment/warming-diagnosis-beyond-worst-case-20091124-jhco.html
mainstream media is slowly starting to report on this because it is just too big to suppress
http://blogs.telegraph.co.uk/news/jamesdelingpole/100017393/climategate-the-final-nail-in-the-coffin-of-anthropogenic-global-warming/
and your buddy Alex Jones on Russia Today
http://www.youtube.com/watch?v=P2153PnMzSw
Hey Max and Stacy, what do you think of the leaked emails from East Anglia climate center? This is why some people don’t believe in the global warming BS coming out of this org. There are plenty of scientists that disagree with them. This is just another example of an institution trying to monopolize an idea and expect the public to just believe anything they say.
http://atr.org/smoking-gun-mushroom-cloud-leaked-emails-a4246
I can’t believe that no one has mentioned the outing of the lead scientists that advise the UN on anthropomorphic climate change have been exposed as fraudsters.
This is HUGE news and the fact that mainstream media in North America is not covering it just as big.
These leaked emails show that these scientists fudged their data to prove the theory that climate change is cause by humans.
A whole generation of kids have been educated that CO2 is bad for us. That we are a scourge, a blight to Mother Earth. A whole system of taxation through Cap-and-Trade is about to be imposed on us that will fill the pockets of the Globalists with trillions of dollars.
Shell Oil President is calling for carbon derivatives so they can place bets in their casino gulag economy.
Now that these criminals have been exposed people have to act and make sure that this pseudo science does not suck our back account dry
Read my rant:
http://www.thetelecrapurinal.com/news/2009/11/climate-change-proven-a-hoax-leaked-emails-say-doctor-the-data/
and another interesting one:
http://www.tatumba.com/blog/archives/1291
Ciao
Ed
@Phil:
“Merkel’s government called on parliament to extend the mandate allowing German soldiers to serve under NATO’s International Security Assistance force in Afghanistan. They also agreed on extensions for two other mandates covering German military missions in the Horn of Africa and off the coast of Lebanon, though with reduced troop numbers.”
http://www.bloomberg.com/apps/news?pid=20601100&sid=a8j3ihhfTOe4
22
Leading the International Security Assistance Force in
Afghanistan
In the immediate aftermath of the terrorist attacks against New York and
Washington, DC, the United States launched Operation Enduring Freedom,
a counter-terrorist operation in Afghanistan, which was complemented two
months later by the UN-mandated International Security Assistance Force
(ISAF). The ultimate aim of ISAF is to help lead Afghanistan out of nearly four
decades of authoritarian rule, foreign occupation and civil war, which had made
Afghan territory a suitable base for the training of terrorists. Initially, individual
countries assumed command of the force on a rotational basis, with technical
support from NATO. However, NATO took over full responsibility for its leader-
ship, resolving the issue of continuity, in August 2003. In autumn 2003, the UN
Security Council adopted a new resolution that authorised the expansion of
ISAF’s operations to areas outside Kabul through Provincial Reconstruction
Teams (PRTs).
NATO is progressively taking over a growing number of PRTs in different
parts of Afghanistan, and although the UN mandate clearly stipulates that the
ISAF mission is to assist the Government of Afghanistan in providing a safe
and secure environment conducive to free and fair elections, the spread of the
rule of law, and the reconstruction of the country NATO’s role in Afghanistan
can also be considered as part of NATO’s efforts to combat terrorism. There are
ongoing debates to examine to what extent greater synergy can be achieved
between Operation Enduring Freedom and ISAF, especially since a number of
NATO countries provide forces and equipment to both.
http://www.nato.int/docu/handbook/2006/hb-en-2006.pdf
http://www.nato.int/ISAF/
Here’s why I said they wanted to disarm the opposing militias:
“support the Afghan government to Disarm Illegally Armed Groups (DIAG)”
http://www.nato.int/isaf/topics/mandate/index.html
This is interesting:
“However, ISAF is not a UN force. It is a coaliton of the willing deployed under the authority of the UN Security Council. 40 nations throughout the world currently contribute to ISAF.”
COALITION OF THE WILLING!!!
@ gb
Why don’t the government kill and torture me for not consuming enough crap moves. I cant be bothered to even watch them never mind download them, but i do not care that others do. Most films are not of merchantable quality anyway.
Thanks Mandy for destroying tolerance and trust better than any terrorist could, I know you don’t understand that what makes you dangerous. You have not the slightest clue as you lack the intellect or education to comprehend the consequences. I think a physical bombs are less destructive than your poorly thought through policies.
Hell there are people in prison here in the UK for not paying to watch the BBC propaganda and no one gives a shit lol Im glad Murdock is digging a BULLSHIT BING WHOLE for the crap he calls news and as for junk sports ha ha ha.
I believe this crash to be total, the signs are all around you. Its time and there are plenty of why’s.. so
Why!!!
There is no fair law processes any more for the general public, the politicians are obviously corrupt and represent themselves within a cooperate framework.
There is no law no fairness to defend, its being, and has been destroyed. Liberties are covered over with lies.
We have entered a death spiral of growing lack of trust and its growing rapidly,the process has begun and you can all smell it, its in the air.. this process appears to flow like this
Poor Laws–> no trust–> no market–>, no market–> no profit–> Total system collapse..
No messing about complete reset, with Gold to $60 000 per ounce that’s my opinion, partly to balance quadrillion derivative death star, partly that no one believes the crap anymore it just looks like crap to everyone all of sudden and crap has a value of crap, no value at all. Zero value on sociaty, its economy and its law… who was responsible… everyone within the system it just got tired and it became time.
Its time, all change, but into what ?? mmmm now i have not clue as to that and neither do you so spare me the green, red, or right wing flag waving crap… i just don’t believe in anything and im happy with that….
Thing is,..good science costs money now,..apparently!
Or good science can be bought for money to consolidate special interest. Now people are being told nicotine is not harmful:
http://www.mayoclinic.com/health/nicotine-patch/AN01257
Nicotine is a deadly neurotoxin.
klimate kooks…reprobates of rigor
wallstreet……reprobates of desire
govt…….reprobates of the republic
@ snoots no…they are the Reprobates of rigor.
@Frances,..dan valley and RedZebra,….c’mon guys,…you know what I meant,..don’t ya,..
You know what I was trying to do here,.don’t ya?
huh,..huh,..: )
I thought, at least MotherEarth would have emerged from the wood work to enlighten us,..(Him being the scientist anall)
Stacy could tell us about good scientific practice (learning from her mom )
Thing is,..good science costs money now,..apparently!
@DanValley:
Yes. And now they don’t adjust the theory: they adjust the data! That could be termed rigor-mortis!
@ snoots …“Analyze Your Data and Draw a Conclusion: Once your experiment is complete, you collect your measurements and analyze them to see if your hypothesis is true or false.
Scientists often find that their hypothesis was false, and in such cases they will construct a new hypothesis starting the entire process of the scientific method over again. Even if they find that their hypothesis was true, they may want to test it again in a new way.”
THATS WHATS KNOWN AS RIGOR
Dedo, yes, I saw your list, which is a nice description of science is generally supposed to work, but it doesn’t explicitly explain the “scientific method”, which is pretty poorly understood by most people.
@Red Zebra:
EXACTLY~
“Analyze Your Data and Draw a Conclusion: Once your experiment is complete, you collect your measurements and analyze them to see if your hypothesis is true or false.
Scientists often find that their hypothesis was false, and in such cases they will construct a new hypothesis starting the entire process of the scientific method over again. Even if they find that their hypothesis was true, they may want to test it again in a new way.”
http://www.sciencebuddies.org/mentoring/project_scientific_method.shtml
@Mr. Dedo:
The “girl with THE alter ego”? I thought I had four?
@snooty….I have for 12 yrs and currently live in the third world and here in thailand …skin color is a big deal…regardless of education or wealth.
@max keiser
hey max would you take a taser hit for the team!!!
http://www.youtube.com/watch?v=5yHNy1stVxU
@RedZeeee,…….but you get my “POINT”,..god damned!
This is all Frances fault,…
I posted the two lists for an easy distinction, and the girl with the alter ego had to dig in, and dissect it! : )
Reprobates of desire the lot!!!!!
A real scientist designs experiments to attempt to DISPROVE their own hypothesis. Thus the more experiments they do the more robust the results becomes.
Tracy…S&P at 150 P/E…according to Ed Steer’s daily report. No wonder they are trying to obfuscate!!
BTW, the lobster roll in Noank was delicious!
@y’all
gimme break… funny how not one of you commented on the link about the 11 year old who got tasered for not having a wash!!!
@Super,….you seem very opinionated, just late,..what’s up!
http://www.youtube.com/watch?v=WKWH2s6CuFg
Sorry Wrong link!
We give it another (flu)shot.. (ironi)
BoE bailed out HBOS and RBS last fall!
The Bank said that, because it was fearful that the disclosure would have damaging consequences if revealed last year, it withheld the information from the financial disclosure in its 2009 annual report
http://www.ft.com/cms/s/0/b657a26c-d8e8-11de-99ce-00144feabdc0.html
BoE bailed out HBOS and RBS last fall!
The Bank said that, because it was fearful that the disclosure would have damaging consequences if revealed last year, it withheld the information from the financial disclosure in its 2009 annual report
http://www.huffingtonpost.com/2009/11/24/swine-flu-recall-h1n1-vac_n_368776.html
One of the best all time made movies about the American economic system
http://www.youtube.com/watch?v=_dmPchuXIXQ
http://www.youtube.com/watch?v=lBZne09Gf5A&NR=1
http://www.youtube.com/watch?v=SjUrib_Gh0Y&feature=related
http://www.youtube.com/watch?v=_BVNN1wqw3k&feature=related
http://www.youtube.com/watch?v=VPPFgHF9VR4&feature=related
@Y’all
ya better hurry up and post that bullshit… if they do start to take down some the ‘libelous material’ on the internet… you can’t say some of you don’t deserve it… or to put it another, there lots of you that are definitely asking for it IMO!!!
Do PE ratios mean anything in an environment so prone to hyperinflation?
Probably not.
Problem more or less solved.
If you have say, a US E-Trade account (with like 5 USD in) — you can get the number more or less for free. However, that would be a needless botheration.
@Frances,…Goons are people that use excessive force not warranted by the circumstance.
Ahh,..that’s where I’ve bin going wrong,..
http://www.youtube.com/watch?v=Nebe1zuEtbc
You’re getting into a convoluted debate again,.and you know I’ll win ,.so give up the ghost,..: )
@Dedo:
Goons are people that use excessive force not warranted by the circumstance.
@Frances,……should and should nots,….
The guy shouldn’t have been drunk and disorderly in a public place,..he was, and therefor was subdued accordingly.
You try and hold down a strong man, who is intoxicated without making a few mistakes in the moment!,..yeah ,.go on punk, make my day : )
adjust their theory to fit the facts can also be interpreted,
test hypothesis,..and keep testing ad infinitum,…go figure!
Sure, but don’t call it the scientific method. Scientists test hypothesis not theory. Adjust the theory is another was of saying fudge the facts to suit a preconceived notion.
All knowledge is emergent,…scientists are aware of this,..
@Frances,..If the drunk guy had attacked YOU on the train and the cop pulled him off,…..would he still be a goon!
Huh, huh,..
@Dedo:
The point is that rent-a-cops should not put people’s heads through plate-glass windows who are drunk and disorderly and not armed. To say one may abuse people to prevent a supposed sequence of probable events is not a precedent for any society I would like to live in.
Max’s game theory on WS expanded .
Everybody has to keep on buying. Until they won’t.
And when they no longer do, and they’re busy stampeding through the exit, you can apply all the game theory you want.
http://theautomaticearth.blogspot.com/2009/11/november-24-2009-bonds-herds-and-game.html
Good perspective !
adjust their theory to fit the facts can also be interpreted,
test hypothesis,..and keep testing ad infinitum,…go figure!
link:
http://www.sciencebuddies.org/mentoring/project_scientific_method.shtml
@Frances,..all words can be misinterpreted,..so don’t be soooo picky!! : /
Dedo: The scientific method either is the scientific method or not. To say one may adjust the theory after the experimental data is analyzed is not the case. Notice the rollback loop in the flow chart on the link: it is important to construct a new hypothesis and retest.
Try and get the gist of the message,….gee,..phew,..wow,..duh
@Frances,..all words can be misinterpreted,..so don’t be soooo picky!! : /
Ron Paul’s Texas Straight Talk 11/23/09: Audit the Fed Attached as an Amendment
However, as great as this victory is, we have to remember that this amendment is attached to a bill that would give sweeping new powers to the Federal Reserve. The Fed has taken its mandate to maintain stable prices and full employment and used its immense power to help elite friends at the great expense of everyone else. The answer is not to increase their powers and ability to interfere in the economy, but that is what the legislation will do. It is a disaster waiting to happen, and unfortunately it looks as if it will pass.
At least with the Audit the Fed amendment attached to the bill, the Fed will not be able to do its destructive work in secret. The people will know exactly who the beneficiaries are of this immoral system of money management.
What would ayn rand do????
@Frances,..If the drunk guy had attacked YOU on the train and the cop pulled him off,…..would he still be a goon!
Huh, huh,..
“Adjusts their theory to fit the facts”
I think here, Dedo, the real scientist would come up with a new hypothesis and test that. The hypothesis becomes theory when proven correct, or the hypothesis is discarded.
Theory becomes dogma when it is called truth.
Support for the rent-a-cop from his fellow goons:
http://policelink.monster.com/news/articles/127086-window-shatters-during-bart-arrest-video?comment_page=1
I thought this quite apt, to keep in mind when debating anyone pushing an agenda.
Thanks to the big A.C (Adam.C)
A Non Scientist
Uses circular reasoning
Uses argument from authority
Uses argument from ignorance
Uses ad hominem attacks
Hides or loses their data
Adjusts the data to fit the theory
Won’t debate or answer questions
Bullies, threatens, name-calls
Idolises human institutions. (Hail the IPCC!)
Has “faith” in systems, committees, or authorities
A Scientist
Holds observations above opinions
Doesn’t break rules of logic and reason
Answers questions
Gives out all their data, all their methods,
everything other people need to repeat their
experiment.
Is helpful
Is polite
Can explain what would falsify their theory
Adjusts their theory to fit the facts
A
I think Central Bank lying is contagious.
Like his big brother Federal Reserve chairman, Turkish Central Bank chairman keeps on lying day and night.
He announced that the foreign currency reserves of Turkey is 100 billion usd. A week later (today) he corrected the sum to 74 billion usd.
I don’t know what made him correct his lying!!!
In fact, it’s a good job he wasn’t wearing a back pack,..or he’d most probably got shot threw the head!
RIP Jean Charles de Menezes
“The abandoned corpses, in white body bags with number tags tied to each toe, lie one above the other on steel racks inside a giant freezer in Detroit’s central mortuary, like discarded shoes in the back of a wardrobe.
Some have lain here for years, but in recent months the number of unclaimed bodies has reached a record high. For in this city that once symbolised the American Dream many cannot even afford to bury their dead. ”
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6926247.ece
Glaxo recalls swine flu vaccine in Canada: http://bit.ly/4Qjr0b
The drunk guy deserved everything he got,…end of story!
LOL
and war games in Iran boosted gold’s appeal as a safe-haven investment
http://www.marketwatch.com/story/gold-futures-extend-gains-into-an-eighth-session-2009-11-24
perhaps.. Ben could try to persuade the warmongerers at Pentagon to ease up their agenda for Iran?
In case anyone is interested, here is slo-mo:
http://www.youtube.com/watch?v=owSFjm01ios
@ doomandbloom
Question: If your plane lost an engine, because you were one of the mechanics whose responsibility it was to fix the engine, yet you decided not to report to the board that it needed fixing, then what would you really be trying to avoid – panic, or blame?
Wall street is implicit. The foxes in charge of the henhouse, and the farmer responsible for the safety of said hens, are one and the same.
Asking that these people please not do what theyre doing is akin to asking a rabid dog to please not bite you.
@ Jack, @ Stacy — Jack, come over here, mo…f…er and tell me I’m “libelous”. I shoot you dead, buddy.
@ Justget Itright — expect something christmas eve, christmas day – snuck in by Pelosi and the criminal posse.
Screw rent-a-cops. That idiot PUT the man’s head through the window!
The white goons at BART transit: East Oakland:
http://www.youtube.com/watch?v=F-2DFPFJIM8
The white goons at BART transit: East Oakland:
Stacey
I hope you or Max will at some point comment on the statements made by Cass Sunstein about taking down lies from the internet. Marla Singer over at ZeroHedge.com has more information on our new Minister of Truth and what he plans for the internet in his Gulag Casino of Capitalism.
On the Internet in particular, people might have a right to “notice and take down.” Under this approach, modeled on the copyright provisions of the Digital Millennium Copyright Act, those who run websites would be obliged to take down falsehoods upon notice. It is true that this approach might be burdensome. It is also true that because of the nature of the Internet, notice and takedown cannot provide a complete solution. But if it is taken down, it will not be in quite so many places, and at least the victim of the falsehood will be able to say that it was taken down.
And:
What would be so terrible about a requirement that people take down libelous material after they are given notice that it is libelous- at least if they do not have reason to believe that the material is accurate or at least supported by evidence?
http://www.zerohedge.com/article/scribblings-czar-ministry-information
Bank of England Gov:-
http://www.bloomberg.com/apps/news?pid=20601087&sid=aFxLg0IVRY4c&pos=5
He worried about a “Thing of beauty”
Mike
Why the stock market is being propped …
Tax Planning/Implications for us USers….the following was put out by Casey today regarding possibile tax implications as the current Administration lead by Pelosi may have “quiet plan” to change the tax rate sooner than expected. Bottomline is anything can happen…..
“It’s Almost Too Late to Escape Pelosi’s New Year’s Eve Tax Trap
By David Galland, Managing Director, Casey Research
The administration knows its massive deficits will be poison come the November 2010 midterm elections. At the same time, it also knows if it cuts stimulus spending, it risks kicking the props out from under the recovery just ahead of those same elections.
There’s only one way out. That’s to boost revenues… and soon. It would be political suicide for Obama to break his pledge not to raise taxes on the middle class. So all that’s left is to mug the “wealthy.”
It’s already a given that taxes are going up for higher income earners and investors. Most importantly, the administration and its Congressional allies have announced they’ll allow the Bush tax cuts to expire in 2011. Those cuts, passed in 2001 and 2003, reduced personal income taxes and capital gains taxes, as well as eliminated the estate tax.
Once the Bush tax cuts expire, high earners will see their personal income taxes rise from 35% to 39.6%. (And probably go up from there. The House health care bill includes an additional 5.4% surtax on gross income for high-income individuals.) In addition, the estate tax will return.
And long-term capital gains tax rates, now at 15%, will be boosted to as much as 28%.
But here’s the rub: Ahead of the 2011 tax changes, investors will begin dumping appreciated stocks in order to lock in capital gains and avoid paying the additional taxes. That will create an unwelcome stock market selloff ahead of the November 2010 elections.
The Democrats knows this, which is why – behind the scenes – they are now setting a bulletproof tax trap to spring soon after the New Year begins. The trap is simplicity itself: a repeal of the Bush tax cuts in 2010, a year ahead of schedule.
Further, when passed, the legislation will be retroactive to January 1, 2010.
It’s the perfect trap, because once the higher taxes are in place, there will be no tax incentive for anyone to divest their shares. In fact, many people will decide to hang on to their stocks until a more investor-friendly regime returns to power.
By increasing taxes across the board on the wealthy a year ahead of schedule, the government gets a big lift in revenue. Simultaneously, it avoids a rush for the exits that would otherwise occur ahead of the capital gains tax increases. For the government, it’s a win-win. Very much not the case for investors.
Could the government really pull this off – implementing a retroactive tax increase?
In a word, yes. Back in August 1993, President Clinton passed the largest tax increase in history – the Omnibus Budget Reconciliation Act of 1993 (OBRA) – and made it retroactive to January of that year.
It was challenged in court, and the court held that retroactive tax increases were legal. This was not the first time this sort of chicanery had been pulled. (You can read more on the topic of retroactive taxes by clicking here.)
Why am I so confident this trap is being set? Nancy Pelosi herself tipped her hand on the retroactive tax plan when she said last January she wanted Congress to repeal Bush’s tax cuts well before their scheduled expiration date. An early repeal of the Bush tax cuts was also one of President Obama’s campaign promises.
The administration and its allies have since gone quiet on its intentions. But that’s only because they want to avoid triggering a stock selloff before the end of 2009. That all changes once the ball drops in Times Square this coming New Year’s Eve. At that point, it will be too late to escape.
The good news is that avoiding this trap is as easy as selling your most profitable stock positions on or before December 31, 2009. This way, you’ll only pay 15% on your long-term capital gains… instead of the 28% the government is planning to sting you with once its tax trap is sprung in 2010.”
Maybe the Chinese will save us
http://www.ft.com/cms/s/0/20eb4ca6-d861-11de-b63a-00144feabdc0.html
The 10 wealthiest £$%^&*) in the Tory party. Are the Uk populus really going to vote them in?
http://timesbusiness.typepad.com/money_weblog/2009/11/10-wealthiest-tories.html
@doomand bloom,..I’d tell them,..just for the fun of it ! : )
I remember flying to South Africa,.and the stewardess told it how it was (very funny girl)
One line was,..in an emergency, put your head between your legs, and kiss your arse goodbye !
@ Doomandbloom
I would tell them: “Sorry, pushed the wrong button!”
Britain’s new Internet law — as bad as everyone’s been saying, and worse. Much, much worse.
http://www.boingboing.net/2009/11/20/britains-new-interne.html
new obama t shirt
http://www.freshjive.com/propagandist/31/hope-is-fading-fast
http://www.youtube.com/watch?v=DpYV5SyoM30
^^ A nice documentary from 1996 on CIA involvement in the poppy production.
@S&P removing One-Click P/E.
My take…
It’s all part of the cover up.
By showing “rolling P/Es” , it’s like a smoothed moving average, thus hiding the “actual” already overinflated P/Es.
This IMO can only mean that they intend to inflate the S&P and other indices as long as they can , and probably just say that it’s OK due to a losing US$ value.
Whatever , I gave up trying to “value” US stocks a long time ago.
Was seriously considering using my cat as a stock “guesser” !
( BTW.. there was an article recently on this .. the cat did very well )
Th future is green, full of green energy
Question: If your plane has lost one engine and needs emergency landing, as a pilot ,would you tell your passengers? You want to avoid the panic…no?
The US is going down…would you want to tell the people?
I told you the future is red, didn’t I?