• 70% of stocks are held for all of 11 seconds

• Deep Thoughts From Paul Tudor Jones On The Sino-US Relationship

• By our count, no less than 23 separate countries have now intervened in the foreign exchange market in some way since September 21, 2010. The goal for all is to increase the supply of their respective paper currencies in order to drive them down in value.

• Zynga Tops Electronic Arts as Social Games Spread

• A group of pretty much every bank you can name just asked the Supreme Court to withold documents that detail emergency cash injections they received from the government at the end of ’08, Bloomberg reports.
  

• Some disturbing video from a Rand Paul event last night…
  

And Brits say Americans don’t get irony, well, here’s a close up of the guy that held the MoveOn.org woman down for the other guy to put his foot on her head:

UPDATE: This ‘staged event’ smells more and more false flag as police order head stomping participant to court, turns out the provocateur had infiltrated Rand Paul’s organization

UPDATE 2: More on ‘staged’ event:  Here is Tim Profitt actually named in an interview Rand Paul gave to the liberal media last month

One of the people stalking the lobby was Tim Profitt, Rand Paul’s Bourbon County coordinator. “The true change is coming,” he said, applying President Obama’s 2008 campaign slogan to Paul. “The fact that they’ve ignored the Constitution on the federal level so much really bothers me,” he said.

• Fiat money in the US is in an advanced stage of decomposition and when money rots, the whole social, economic and political structure of the nation rots with it.

• Paul the Octopus Found Dead in Sea Life Aquarium, Conspiracy Theories Follow

• This confusing right/right/left divide in Irish politics hides the true divide in Irish society, which is between the rich and the poor.

Links for more on the Irish debt crisis:

• Fiscal Solutions Are There, But Leadership Is Not
• First the banks, time now for a mortgage holder bailout
• Nama developers exploit loophole to avoid millions in taxes

• This is very, very bad news for JPMorgan

Hi Stacy Herbert and Max Keiser

The garbage war; Chine get away with our recyclable trash.

Here, our government got the good idea to make mandatory that our domestic garbage got recycled wherever possible.
So the city of Montreal started to distribute recycling bin to every house. The citizen just had to fill it with paper, cardboard, ferrous and non ferrous metal and plastic directly in the recycling bin. The classification would take place after collection. That was supposed to cost almost nothing to the tax payer because the value of the recycled material would pay for the collection and processing. Future belongs to recycling. At least that was the idea.
Unfortunately the traditional trash collection went up substantially. Basically waist management company had to do the same work, but in double. One for the real trash, and another for the recyclable material. So the cost per ton went up substantially.
The recycling company had totally underestimated there operation cost. And the separation of all different material was a lot more labor intensive than initially estimate. So the provincial government say that they would subsidize the recycling company because it was a popular politic. So the tax payer ended up paying a healthy bill for those experiments.
But that was not enough, the provincial government started to finance 100% of the salary of the people who do the recycling, thru employment creation program. The problem is that, once separated the quality of the different material is not good enough for our local costumers. The paper still contain too much plastic, the plastic is contaminated by glass, the ferrous metal by non ferrous and so one. About 25% of the recycled material was ending up in the landfill until lately. That was before the Chinese started to buy this material, ship to China and reclassifies it locally, and uses it as raw material for they own industry. They can afford it because the extreme low salary of the unskilled Chinese worker. But the Chinese want more now, they are buying all our recycled material in bulk, not separated, they can classified it for much less with there cheap work force. For the packaging of there products, they need the same percentage of recyclable material as us, if they want to export over here.
To take an example, our traditional user of old paper for making cardboard say that they don’t find enough old paper to fulfill the mandatory percentage of recycled material. So a few of our local traditional cardboard mills are on the verge of bankruptcy, because of the Chinese presence as buyers of recyclable material.
As a tax payer, I heavily subsidizes about every step of my local recycling programs, but who benefit from it at the end? the Chinese! And now our traditional recycling companies are going out of business because of the presence of the Chinese buyers. This is what is pissing me off. The Chinese are even stealing “our garbage”. This is creasy!!!
I think that this little example really show the distortion of the economy by the Chinese low currency. Considering the considerable cost of transport involve, this is economically sustainable only because of the outrageously devaluated of Chinese currency. Who is going to be strong enough to force the Chinese to revaluate there currency in respect of the thru force of the free market?

Best regards

C
QC, CANADA