Financial topics

[aedens]

"The American way of dealing with dissent and with protest is certainly more advanced: why imprison dissidents when you can just let them shout into the wind to their heart's content?"
-- Dmitry Orlov

The Kerry talk also reminds me of something I wrote here about 5 years ago. An aspect of promoting the false view of reality carefully crafted by the State (in this case by the Secretary of State) is to delegitimize those who have an alternative and/or more accurate view.

This is true. In the Soviet Union (SU), there were those individuals called "dissidents" who presented an alternative (and more accurate) view of reality from that carefully crafted by the State; they pointed out flaws and some even predicted the collapse of the Soviet system. In the United States (US), we have coined various similar terms such as "whistleblowers" for those who happen to exist within the State or corporate apparatus, or today's "bloggers" and others who exist outside the apparatus, all of whom present an alternative (and in most cases more accurate) view of reality. Dissidents and whistleblowers were/are treated with extreme cruelty as the SU and US government agencies and corporations are really advanced tribal and fascist systems where no dissent whatsoever is tolerated, and loyalty to the members within the tribe (and not to the public) is the overriding concern. Therefore, when reality becomes something that is obviously vastly different from that crafted and purveyed by the State, as in today's economic situation, the search is on for a loyal member of the "tribe" who "got it right" and it's a very difficult search in an environment where dissent is not tolerated. By definition, that person must come from a government or corporate institution, must be a member of the "tribe" in good standing and, therefore, the person who is annointed as the one who "got it right" with the associated Congressional appearances, etc., usually didn't even hit the target. In the meantime, the growing numbers of those outside the State and corporate apparatus who really did "hit the bullseye" are ignored because giving them any credence would delegitimize those within the tribal apparatus, further weakening and corrupting an already weak and corrupt structure.

In America, it's OK to disagree, but just know that you will not be a legitimate person in this society, but pushed to the fringes where you nonetheless do have the freedom to say whatever you want and be ignored.

Kerry would be the same kind of savior to treat Indians and Japanese the same way all Statists do. Never do they have enough power for themselves. Find a segment to save America from itself. Point blank you ask any German when they wanted to take weapons it was over and was. Just because you are in the minority does not make you wrong. Piss on them, and whatever of the four colors they choose as a horse they ride today. Now they have technology to avoid it all. No difference, just the macro burn rate. I am not saying some assholes do not need a missile up there caboose but really is it not a local problem and do not forget they have eight country's licensed for drones so why in the hell is that our problem now sorting it out. As for these enlightened one today we read of I cannot wait for them In England to a have a razor blade come for there crotch if your female and drink Camel piss to cure ailments. If you doubt the intent or wish not to seal your border well shame on your actual stupidity since you have a agenda and that is our problem with these enlightened idiots.

David Martin’s Thirteen Rules for Truth Suppression, H. Michael Sweeney’s 25 Rules of Disinformation (and now Brandon Smith’s Disinformation: How It Works) are classic lessons on how to spot disruption and disinformation tactics.

Kerry is typical of the animal farm approach for rhetorical reproach, no big deal maybe he knows what is, is and ought maybe from Hume since
Democrats will screw anything thing that moves anyway and yes that includes taxpayers. Same crap at work and politics from limp wristed solution rent seekers. As we are good is evil and evil is good. Same treatment when they want resources as land. When they came for my neighbors land no one said a word. It is all abour scale of size is the only difference. Indians all land, Japanese Americans it was very fertile Valley land, Amish it was deny the State to pollute the mind of the there Children so they had to move out of State for the desired effect. Now it is so bad in the local school they refuse to report the incidents with the animals sent to the public schools. You cannot even remove them from the system. Ask the kids who just got out what it is truly like
in America. Tick tock you idiots.
Spending 098 for idiots in Washington. http://www.youtube.com/watch?v=7G_zSos8w_I
Polls indicate taxpayers know it "is" broken and stocks are for rent and this also will end.

[aedens]

Equities dead-cat-bounced yesterday on minimal upside volume (and low average trade size) to get the S&P back to unchanged for the month.
Broadly speaking risk-assets stayed well correlated with stocks though bonds and we have noted why on the ratio to bond and stock lipstick.

I will stay a reluctant bull and hold as I conveyed since the action already ran its course since nanex conveyed the trend on stuffing and front running.
What seen "is" the segments front running. The engine of growth is not pulling so the noise is compression since cheap money is seeking consolidation.
As we noted before sellers are reluctant even if they smell lighter fluid on there escort to marginal net working capital. Capex is not
keeping up with depreciated assets as we know and off sheet marks are the lighter. Lower tier markets know this since a few already found out
that the new poison pill is fluid on the balance sheets. Deep pockets can change the dress but not the attitude. Forward Gosplan, and stolen innovation.
As warned if you do not know your stock better than your wife you will catch a nasty side effect.

The proposal by the Financial Accounting Standards Board, contained in what is called an exposure draft, would also end the counterintuitive
practice of a bank’s profits rising simply because its credit has worsened, and then falling when the credit recovers...
The board said that if it adopted the rule, possibly late this year or early next year, banks could immediately adopt the part on how they valued their debt. The rest would be unlikely to take effect until at least 2015...
the rule would “be more lenient” than current rules and, by granting banks more discretion on using fair value for assets, would make it harder to compare companies’ financial statements...

We have warned for some time to pay attention going forward. It is set to be that the dumb money is anyone who thinks the Bank cares.

[Marc]

It is set to be that the dumb money is anyone who thinks the Bank cares.

Probably the best financial wisdom I've run into all month with that one, aedens

I think that some things out there are rather predictable in the financial realm, namely all the can-kicking going on, but other things can be hard to deduce, largely due to an amalgamation of both "dumb money" and "smart money" sloshing around out there. Something that got me fooled about a year ago is my thinking that there would be no haircut regarding Greece's debts, but to my surprise, a roundabout haircut was engineered to avoid creating a "credit event." This has caused me to revise my financial theories to add what might be called the "pain/relief quotient." If there is prolonged enormous pain occurring, but there does not seem to be a political/financial way to offer sufficient relief, you just might get things like the Greek stealth haircut I just mentioned. However, for those "gurus" out there who "just know" that, say, US Treasuries are going to go down the toilet as soon as sequestration kicks in, there are just too many unpredictable geopolitical events, as well as possible hidden tools that might be used, to cause said Treasuries to not go down the toilet in the event of sequestration.

However, I do think that we can often give a "rough weight" to the chance of things happening (e.g., a middle-to-middling-high chance of Italy repudiating debts within the next five years) that this sort of rough-weighting can help us with risk-management strategies. We just need to be mindful that with such predictions, we can only make rough guesstimates, albeit intelligent ones if we are not tunnel-visioned in our view of possible events.

Thanks for sharing! —Regards, Marc

[aedens]

http://news.yahoo.com/regulators-lookin ... nance.html
http://prudentbear.com/index.php/featur ... t_id=10766

Lobbyists are also urging Mr. Gensler to temper plans to apply new derivatives rules not only to banks in the United States, but also to the foreign units of American banks, a point of contention in the debate over Dodd-Frank.

This topic is as old as surety contracts on clay tablets. Nothing new under the sun about political economy of theft.

http://www.gata.org/node/8303 revue of what we already seen. I closed all positions in (b) to fade the day.
I only see transitory rhetoric to marxist capital destruction and numerous disconnnects. This translates
to the republic is dead and found wanting to deceptive narratives we have expounded on. When they eat the grandchilden
you must preserve capital at all and any costs now. When evil is good and good is evil all the remnant can say is Maranatha
and the dire warning of that thought to those with an eye.
https://libertyrevival.wordpress.com/do ... overnment/

http://www.raymondibrahim.com/islam/mus ... an-pastor/
Libya is soon to be the killing fields sponsored by the Labor tax of Americans of Christians.
http://www.raymondibrahim.com/from-the- ... -in-libya/
All support is murder now.

[aedens]

Todays news:
Weapons - none
Religion - none
Press - none
Leadership - none
Caeser - none

[John]

Todays news:
Weapons - none
Religion - none
Press - none
Leadership - none
Caeser - none

But plenty of shouting and finger-pointing.

[aedens]

Todays news:
Weapons - none
Religion - none
Press - none
Leadership - none
Caeser - none

But plenty of shouting and finger-pointing.

Yes indeed Generational Dynamics has a good sense of irony and good cheer to admire the statists wet dreams
on the crucible of history.
Whatever the technical legal ratio decidendi of the case, the public at large widely understood the Somersett Case to mean that,
on English soil at least, no man was a slave.
I beg to differ on the abuse of usury and debt in any realm. No one is going to save my ass.
Anyways after they looted our district here we are, yes we did the math and sidelined
our projects. http://chartistfriendfrompittsburgh.blo ... -doom.html

For wherever violence is used, and injury done, though by hands appointed to administer Justice, it is still violence and injury, however colour'd with the Name, Pretences, or Forms of Law, the end whereof being to protect and redress the innocent, by an unbiassed application of it, to all who are under it; wherever that is not bona fide done, War is made upon the Sufferers, who having no appeal on Earth to right them, they are left to the only remedy in such Cases, an appeal to Heaven.

John Locke, The Second Treatise of Civil Government https://www.youtube.com/watch?v=EYVlCwFvOq8

In deference to our dilema then it was thought that Hume was in no doubt of the quid facti (the matter of fact, the existence) of causality or morality but that his skepticism merely consisted in his inability to account for the quid juris, the foundational justification of them.

[aedens]

http://www.bloomberg.com/news/2013-03-0 ... -kids.html

So who blows up the market first.
http://generationaldynamics.com/forum/v ... 540#p17804
http://generationaldynamics.com/forum/v ... 540#p17817

Also Putin is consolidating commodity's and we know why from the LSE modeling

[Reality Check]

http://www.bloomberg.com/news/2013-03-0 ... -kids.html

Obama has been all over this for quite some time.

Economic Class warfare is not just about the "democratic majority" ( us ) against the "rich" ( them ).

It is not just about the "democratic majority" ( us ) against the "rich white people" ( them ).

It is also about the "democratic majority" ( us ) against the "old people stealing our money" ( them ).

That is why Obama's idea of cutting health care costs is literally federal boards that will decide that anyone who is old does not need expensive life saving health care because the "limited benefit" of spending ( our ) money on old people is just not worth "wasting" ( our ) money.

Of course the federal boards only decide what insurance companies and the U.S. Government will pay required to pay for. If the patient is a billionaire and a doctor and hospital wish to sell him the health care, that will remain legal under in Obama land. But if a middle class citizen wants his insurance company to pay for the health care needed to keep him or her alive, the ruling of the federal board is all the defense a private insurance company needs under the law ( as amended by Obama-care ) to legally decline to pay for health care that would otherwise be reasonable and necessary to keep someone alive.

How many times have the Democrats reminded us that most health care costs occur in the last year of life ?

[Reality Check]

.
Generation X form of reasoned disagreement comes to the U.S. Supreme Court.
.
Washington Post applauds the Generation X style of debate. It has been sorely missed on the court for some time:

Kagan wasn’t about to let him get away with that. In a breach of decorum, she interrupted his questioning of counsel to argue with him directly.

.
http://www.washingtonpost.com/opinions/ ... print.html