Demographics Doo Doo In Congress

| February 4, 2011

The House is the youngest since Eisenhower was elected in 1952.  And the Senate, well….it’s the oldest Senate we’ve ever had going back to the Civil War.  No wonder they can’t agree on anything!

Bernanke Says No Inflation Problem Here In The United States…

| February 3, 2011

Uh…OK let her rip Big Ben….Speaking at the National Press Club in Washington,  Ben Bernanke said it’s up to other countries to control their own inflation. It’s not a U.S. problem!  By the way big Ben, the continuous commodity index is on a roll to the upside…oh well, guess that doesn’t count. Just so you know……. By Definition:   The Thomson Reuters […]

U.S. And China Threaten Each Other According To WikiLeaks Documents

| February 3, 2011

The United States threatened to take military action against China during a secret “star wars” arms race within the past few years, according to leaked documents obtained by The Daily Telegraph.   By Tim Ross, Holly Watt and Christopher Hope The two nuclear superpowers both shot down their own satellites using sophisticated missiles in separate […]

Gallup Finds U.S. Unemployment Up Slightly in January to 9.8%

| February 3, 2011

It will be interesting to see if the government figures come in the same…so where is the “big economic recovery” that we hear about on a daily basis from the talking heads…looks more like a “small economic recovery” to us…inquiring minds want to know!   by Dennis Jacobe, Chief Economist PRINCETON, NJ — Unemployment, as […]

The Story Of Johann Gutenberg….Who’s That You Say? Read On

| February 3, 2011

From Art Cashin on the floor of The New York Stock Exchange On this day in 1468, one of the most influential figures in the last 2000 years (and maybe all of history) died.  To keep things in perspective try to remember a few things:  Leonardo Da Vinci was seven years old, Michelangelo had not […]

Starbucks To Introduce New Logo Without Name

| February 2, 2011

Logo changes carry with them certain challenges, but most at least show the name! Starbucks has emerged over the last 20 years as one of the premier consumer brands in the world, alongside icons like Apple and Nike. Now, the company has decided to give that brand a facelift, revamping its ubiquitous logo. While logo […]

Commodities On A Tear…But, The U.S. Government Says Nope, “No Inflation”

| February 2, 2011

Commodities are now setting new records almost daily.  Where the stock markets still have some catching up to do, commodities are exploring new high territory. More at: www.businessinsider.com/

Minimum Wage Comparisons…Europe Vs. The United States

| February 2, 2011

The European Commission reported the monthly minimum wages for European countries for 2011…here is how it compares to the United States. More at: http://www.businessinsider.com/minimum-wage-europe-2011-2

Massive Cyclone Of Epic Proportions Makes Landfall In Australia

| February 2, 2011

Australia is fighting its worst weather in a 100 years, first rain and floods, now a huge cyclone.  Cyclone Yasi, which is now projected to be a category 5 storm according to the Australian Weather Bureau, is making landfall in Queensland and will add to the continent’s flooding misery, which has already incurred over $20 billion of damages […]

Stratfor: Mubarak Declines To Run For Re-Election

| February 1, 2011

Looks like a stalling tactic…If we were Egyptian President Hosni Mubarak, we’d be getting out of Dodge (Egypt) and fast! February 1, 2011 Egyptian President Hosni Mubarak said Feb. 1 he would not seek another term as president in elections slated for September but that he will complete his current term. In a televised national address, […]

Food Stamp Usage Continues Higher…Up 14% From One Year Ago

| February 1, 2011

We’re looking at nearly 15% of the population now on food stamps….and the drift between the rich and the poor continues to get wider by the day!  As of November, the SNAP program had 43.6 million participants, an increase of 400k from October, and a 14% increase, or 5.3 million from a year prior. The […]

A Fabulous Story, My Good Watson

| January 31, 2011

From Art Cashin on the floor of The New York Stock Exchange On this day in 1876, an already legendary medical professor at Edinburgh University began to address a new group of students.  He began his lecture with his usual demand for observation.  He pounded on his theme of the “vast importance of little distinctions” […]

Home Ownership Rates Continue To Fall

| January 31, 2011

Home ownership rates continue to fall. History tells us that boom bust cycles tend to overshoot both on the upside and to the downside.  More downside should be expected here. In the fourth quarter of 2010, 66.5% of Americans owned homes, down from 67.2% a year earlier and the lowest rate since the end of 1998, according […]

Florida Judge Rules New Healthcare Law Unconstitutional

| January 31, 2011

Here we go….things are going to get real interesting with the new healthcare law.  A federal judge ruled that Congress violated the Constitution by requiring Americans to purchase health insurance in the new health overhaul, and said the entire law “must be declared void.” In ruling against President Obama‘s health care law, federal Judge Roger Vinson used Mr. […]

The Greatest Bank Heist Ever! No, We’re Not Kidding

| January 31, 2011

Nearly a trillion U.S. dollars are gone, heisted and nobody knows who done it or how!  WikiLeaks might have exposed this mess.  How long has this been going on? Quite a while according to The Times, which has relied on Wikileaks cables to support some of what is being reported.  What a bunch of morons, with our public money […]

Stratfor: Special Report On The Egypt Crisis In A Global Context

| January 30, 2011

January 30, 2011 By George Friedman The Egypt Unrest: Full Coverage It is not at all clear what will happen in the Egyptian revolution. It is not a surprise that this is happening. Hosni Mubarak has been president for more than a quarter of a century, ever since the assassination of Anwar Sadat. He is […]

The Class Structure Favoring The Rich And Powerful Is About To Be Fully Challenged

| January 30, 2011

Got a good point here…the powers to be and the rich should pay attention to this… before it’s to late!   When a country, among other shortcomings, relinquishes its financial system and its population’s well-being to the pursuit of ‘good deals’, there is going to be substantial fallout. The citizens protesting in the streets of Greece, […]

Heads Up On The United States And Egypt…

| January 30, 2011

In a nut shell it’s not going well for the U.S. interests in Egypt, as our favorability rating in Egypt hit an all time low of 17% in 2010!

Land Locked Between Tunisia And Egypt…Guess Who? Yep Libya And Its Dictator Since 1969, Muammar Abu Minyar al-Gaddafi

| January 30, 2011

Gaddafi has had a long run as dictators go, and at 68 he’s no spring chicken. Al Jazeera reports that the Libyan government has imposed a state of emergency for “fear of demonstrations and rallies” comparable to those in Tunisia and Egypt. And ranked 17 in the world for oil production (and 9th in proven reserves), […]

Tough Love Against The United States

| January 30, 2011

Fodder for change…. Jordan’s economy struggles, weighed down by a record deficit of $2 billion this year, rising inflation and rampant unemployment and poverty. AMMAN, Jordan (AP) – The leader of Jordan’s powerful Muslim Brotherhood Hammam Saeed’s warned Saturday that unrest in Egypt will spread across the Mideast and Arabs will topple leaders allied with the […]

Who’s On Deck As The Old Baseball Saying Goes…More Changes In The Middle East, Then Cuba Shouldn’t Be Far Behind In A Bid For Democracy

| January 30, 2011

We haven’t heard much out of Cuba recently, our guess is it wouldn’t take much to get things rolling there…….

Egypt….Mohamed ElBaradei: “Change Is Coming”

| January 30, 2011

The big question now is how far does this all spread around the Middle East? Egyptian opposition leader Mohamed ElBaradei made his way through the crowd in Cairo’s Tahrir Square on Sunday in an appearance that defied the military curfew and President Hosni Mubarak’s 30-year regime. “You have taken back your rights and what we […]

Egypt Opposition Leader Mohamed ElBaradei Speaks

| January 30, 2011

Opposition leader Mohamed ElBaradei said the U.S. approach to fostering democracy in Egypt has not worked and Washington must move away from supporting longtime President Hosni Mubarak. Egypt has a powerful military that has kept Mubarak’s ruling party in place for more than 30 years. Its largest and best-organized opposition group is the banned Muslim […]

It’s An Interconnected World We Live In

| January 30, 2011

This is not a recommendation….we’re just the messenger! Want insurance against an interconnected worldly disorder?   Gold is one of the best insurance policies. Gold is insurance…By nature insurance is a small percentage of your assets. Gold is proactive.  Gold is being your own central bank.  There are few other choices that leave you in control.  Currencies can and are being devalued (destroyed in value by governments […]

Arabic Broadcaster Al-Jazeera Shut Down In Egypt

| January 30, 2011

It was just a matter of time before this happened…The Qatari government bankrolled Al-Jazeera when it launched in 1996 and is believed to still fund the station, but it operates with considerable editorial freedom compared with other government-run media outlets in the Arab world. Anti-government riots also have spread to Yemen, where President Ali Abdullah […]

Just So You Know…The Egypt Full Shutdown Of The Internet And Mobile Phone Networks Is First In History

| January 29, 2011

Just how important is the Internet…well, without it your bank ATM won’t work, nor will most cash registers of major chain stores or many gas stations…the stock market wouldn’t open nor would the commodity markets, the electric grid could be effected so might water works, etc, etc. And we don’t really know what total effect it […]

Eric Sprott On The Tape With What Sounds Like An Outlandish Prediction…The Only Problem Is Eric Sprott Does A Lot Of Market Related Homework, Manages $8 Billion Dollars And Doesn’t Have A History Of Being A “Pie In The Sky” Kind Of Guy!

| January 28, 2011

Remember…..we’re just the messenger here, this isn’t our prediction! Eric Sprott of Sprott Asset Management with $8 B as in billion dollars in money under management, has an unbelievable interview with Eric King of King World News.  Eric says that Gold (currently $1338.40/ounce) could be $2,150 and Silver (currently $28.01/ounce) $50.00 by spring….sounds hard to believe, unless the Dollar collapses […]

Iran, Tunisia And Syria Have Imposed Internet Restrictions In Attempts To Quell Opposition

| January 28, 2011

The move by Egyptian authorities to seal off the country almost entirely from the Internet shows how easily a state can isolate its people when telecoms providers are few and compliant. “Virtually all of Egypt’s Internet addresses are now unreachable, worldwide,” Jim Cowie, chief technology officer of U.S.-based Internet monitoring firm Renesys wrote on the […]

Jim Grant Of Jim Grant’s Interest Rate Observer Has Some Choice Words For Fed Chairman Ben Bernanke

| January 28, 2011

Jim Grant is well known and respected in interest rate market circles, but he has some harsh words here….he’s letting off some steam on Ben Bernanke.  Pay attention everyone, Jim is one of the big ten….that is one of the smartest 10 guys around. Jim Grant appeared on Bloomberg TV, telling Margaret Brennan upfront that […]

Egypt Updates

| January 28, 2011

Sounds like Egyptian President Hosni Mubarak is just buying some time….before heading out the back door!  In the past, most exits around the Middle East seem to lead to France, Great Britain or the U.S. Updated 5:31 p.m. (0031 in Egypt) Egyptian President Hosni Mubarak says he has asked the government to resign, and that he will […]

WikiLeaks Rival Launches New Platform Called “OpenLeaks”

| January 28, 2011

How timely…..just as the World Economic Forum meets in Davos of all places! DAVOS, Switzerland — A former WikiLeaks spokesman launched a rival website Friday, saying he planned to give whistleblowers more control over the secrets they spill. The new platform, called OpenLeaks, will allow sources to choose specifically who they want to submit documents […]

Stratfor Watch Report: Unconfirmed Reports of Military, Police Clashing in Egypt

| January 28, 2011

  January 28, 2011 Unconfirmed reports from Al Jazeera on Jan. 28 say the army and police forces are clashing in Cairo. These reports have come after reports from state-owned Egyptian satellite Al-Misriyah TV saying army leadership extended the curfew from 6 p.m. to 7 a.m. local time to the whole country. www.stratfor.com

Wall Street Rocket Scientists Try To Revive CDO Derivatives

| January 28, 2011

Warren Buffett calls them weapons of mass destruction for a reason….they almost took down the world in 2007-2008….Folks, we have some slow learners here… This period is more degraded than that of Sodom and Gomorrah. Pompei was kindergarten compared to the sociopaths of Wall Street. The problem is that the present day demons own the place. […]

Syria Shuts Down Internet Service

| January 28, 2011

Dominoes falling….Syria has just shut down its Internet service.  We’ll see if it stays down! www.zerohedge.com

Egypt Puts ElBaradei Under House Arrest

| January 28, 2011

The pot is starting to boil here……Egyptian security officials said Nobel Peace laureate Mohamed ElBaradei is under house arrest. 

Long Time Friend Gene Inger Reviews World Matters

| January 27, 2011

Gene Inger’s Daily Briefing . . . for Friday January 28, 2011:   Good evening;   Consider ‘global revolution’ . . . as rising beyond its infancy if Egypt, the largest of all Arab nations, overthrows the 30-year old Mobarek regime. As we first reported just a couple days ahead of the major news media, […]

Egypt Arrests Muslim Brotherhood Leaders

| January 27, 2011

This is getting nasty….. CAIRO (Reuters) – Egypt rounded up members of the Muslim Brotherhood including at least eight senior leaders of the group ahead of planned countrywide protests on Friday.   A security source confirmed that authorities had ordered a crackdown on the group overnight: “We have orders for security sweeps of the Brotherhood,” the […]

Egypt Shuts Down Internet And Text Messaging Ahead Of Million-Man Protests

| January 27, 2011

Reports are emerging that Internet has gone down in Cairo and throughout Egypt, only hours before the largest planned protests get rolling. More from the HuffPo: According to a report from The Arabist, “Egypt has shut off the internet.” The Los Angeles Times is reporting that BlackBerry Internet has been taken offline in Egypt.

New Report Details Wall Street Crisis In 2008

| January 27, 2011

“As a scholar of the Great Depression, I honestly believe that September and October of 2008 was the worst financial crisis in global history, including the Great Depression,” ….. Ben Bernanke. The common thought out there is that this can’t happen again….WRONG! The causes have not been remedied.  All eyes should be on the economic road […]

Social Security May Run Permanent Deficits

| January 27, 2011

It’s the new math that’s the problem, nobody knows what the word “deficit” means….in a mathematics nutshell, it means “minus”…or in simpler terms “subtraction”.  Funny how everyone understood what “surplus”,  “plus” and “add” meant, especially in thier bank accounts and house supported ATM! WASHINGTON (AP) – Sick and getting sicker, Social Security will run at a deficit […]

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