Loading ...Dang it all, DJmm was looking for a theme tonight and up popped a Maddog with a winedoc malaise…insomnia
Ode to Joe Cocker RIP….Dec 22, first news I got on holiday. Wished I’d seen him in Kelowna, top 3 shoulda coulda woulda…
Is the challenge to Boehner for Speaker, why they have let the SM go ?????
Louie Gohmert Reveals ‘Real Intimidation’ Happening in Speaker Battle
News
Email from tea party. If your representatives are republican you might want to call that number.
hen, if your Representative is a Republican, please call the Capitol switchboard at 1 (855) 398-4323, and urge your representative to vote against John Boehner!
We, the American people, sent a resounding message to Washington last November. We made it crystal clear that we are sick and tired of “politics as usual.”
We want real, lasting change!
Unfortunately, John Boehner did not get that message. He’s planning to continue his shameful legacy of compromise and surrender on everything from Obamacare to executive amnesty.
It’s time for “We the People” to show him the door. And now we have the chance to do just that.
Please, give whatever you can right now to help us keep the pressure on.
This is the same Speaker Boehner who said just a year ago that the Tea Party has “lost all credibility.” He thinks we are nothing but a group of cranks and radicals.
Every time he has the chance to stand up for conservative principles, he folds like a cheap suit, claiming that doing so is “good politics.”
He did it on defunding Obamacare. He did it on spending. He did it on executive amnesty. The list goes on and on.
He has lost touch with the American people, plain and simple. It’s time for him to go.
Please chip in whatever you can right now.
As we told you yesterday, Congressmen Louie Gohmert and Ted Yoho have both courageously decided to challenge John Boehner for the Speaker’s gavel.
It is absolutely imperative that Tea Party activists across America rally to support these men – and we need your help to ensure that they do!
Tea Party Patriots is driving hundreds of calls to Capitol Hill every day. Our activists are demanding that their Representatives refuse to vote for John Boehner and his big government agenda.
Commish
That goes on a lot through the country because of built in biases or even ignorance of things. They used to think Autism was something mom did, or even some learning issues like dyslexia wasn’t a physical thing or didn’t see how medical issues ” something medicine did ” caused it like high forceps during birth, oxygen deprivation or medicines doctors may have given them. Then we have vaccines and that denial. There has been a lot of detriment to children and families in general because of ” their own (courts) misinformation history will call superstitions.
With more people landing here we will see more of it because other countries may have their own beliefs or superstitions. There is a case nurses are aware of where a three year old Hmong girl was taken from her home because the parents believed her seizures were caused by someone slamming the door too loud and to do with spirits. The child died in foster care from a seizure.
Then there is a fine line between it all where you know a child could be saved and if you don’t act the child will die. If a adult chooses alternative anything including religious or spiritual beliefs that’s one thing but with children the state can play parents many times resulting in a disaster. Again there’s a fine line.
Richard640 @ 18:13
Kunstler is well worth reading. I don’t believe anyone has all the answers … except maybe THE BIG GUY. 😉
I pay no attention to Kunstlers predictions-what I enjoy is his commentary on the social scene in america as in=
the-so-called-real-economy-is-a-new-age-serfdom-of-burger-fryers-and-janitors-indentured-to-that-entropic-sink-below-them-is-a-widening-slough-of-methedrine-child-abuse-and-tattoo-art-on-its-way-to Soylent Green
Long time deflationist Rick Ackerman joins the crowd with an $810 target for gold
$ GCG15 – February Gold (Last:1193.50)
January 5, 2015 12:30 a.m. EST
There have been five rally attempts since gold made what looked like a promising low in early November, but none has been anything to write home about. The term ’sucker-bait’ comes to mind, or perhaps ‘bull traps’, mainly because each of the rallies has come off a low that occurred just beneath some prior low. This implies that more than a few bulls would have gotten stopped out near the respective lows, lightening the selling load ahead of the next rally. Under the circumstances, it’s somewhat surprising that the rallies have been so fleeting and feeble.
This is not the behavior of a commodity that wants to go higher, and so you should exercise particular caution if you incline toward trading gold only from the long side. If and when it heads lower, which is what I expect, look for the February contract to fall to at least 1114.80 in search of traction. (My long-term target is still $810, by the way.) This Hidden Pivot support was first broached here nearly two weeks ago with gold trading around these levels.
As I mentioned last week, I’d happily change my mind and wax as bullish as the next guy, if not quite bullish as all get-out, if and when the February futures hit 1256.30. That would generate a robust impulse leg on the daily chart for the first time since August 2013. However, you should keep mind that that rally, promising as it seemed at the time, proved to be…sucker-bait. Meanwhile, and most immediately, the futures appeared to be consolidating Sunday night at an 1190.80 midpoint pivot for a further push to 1203.80, its ‘D’ sibling. They’ll need to exceed it, though, to imply that buyers are not fixing to roll over yet again.
A few of Kunstler’s predictions are pretty far out there
(Japan)”They might also go cuckoo and start a war with China for control over the oil fields of the South China sea. It is hard to see any other outcome from such a conflict other than China kicking Japan’s ass.”
What? No mention of the US?
“Baghdad Falls to Islamic State forces.”
I don’t think the millions of Shia Moslems would just stand aside … let alone the US and Iranians.
“Pakistan and Afghanistan both continue to melt down into ungovernability. India is forced to take over administration of Pakistan and remove nukes.”
Anyone with a knowledge of history would know that this one’s a non starter. These people hate each other.
newtogold
You can talk to the residents of Connecticut and they know what’s going on. If you talk to them they will tell you that they did not vote to get the governor Malloy re-elected. But since they use electronic voting and they count the votes. Well enough said.
Commish
There is something dangerously wrong with the state of Connecticut.
Richard640 @ 15:26 I copied that article by Kunstler
Next time someone calls me a doomer, I’m going to give them a copy and tell them, here’s what a real doomer looks like! I’m feeling quite optimistic right now thank you!
goldielocks – Something health wise
A 17 year old girl was taken by force by Connecticut authorities because she refused chemo therapy for Hodgkin Lymphoma cancer. She wanted to try alternative methods. They are attacking us for all fronts.
R640
Algo’s still in action…..oil is dropping with SM, but when SM rallys Oil styas dn, just like PM’s do etc….also PM stox no where GG and NEM etc up less than Au.
I think today is a key day for PMs-I like the fact that PMs were down overnight and SLOWLY
rose all day-with little pullback–and are now strengthening as the stock mkt nears the close-HUI on its high and Feb gold on its high–solid action-now let’s see if we get follow thru mañana!
and this with the $ index up 239 bps….yet 400 off it’s high…maybe the $ rolls over tomorrow….
World financial markets are like a pie crust stretched across the roof of a volcano.
Gasoline 1.80 iin Dallas
will be here for a few more days ,then its back to Virginia !
The so-called real economy is a New Age serfdom of burger fryers and janitors, indentured to that entropic sink. Below them is a widening slough of methedrine, child abuse, and tattoo art on its way to becoming Soylent Green. To put it bluntly, the dollar is entropy’s algo bitch.
More Kunstler 2015 forecast–he waxes lyrical
The dollar these days represents two kinds of capital. The first is the stuff that the US has built and invested in since, say, the end of World War Two: a wasteland of aging and decrepitating suburban sprawl, that is, the infrastructure of a living arrangement with no future, the greatest entropic sink in human history. It extends to whole cities and their subsystems, e.g. the hell-hole of Las Vegas with Hoover dam and the dwindling reservoir of Lake Mead. Before mid-century, Las Vegas will be as desolate as Egypt’s Valley of the Kings. Try to imagine the money that went into building all that stupid shit in the desert. In another decade, across America, the housing subdivisions and commercial highway strips filled with tilt-up box stores, muffler shops and burger dispensaries will retain less value than the pyramids of Palenque had for the Mayans after their society rolled over and died. The so-called real economy is a New Age serfdom of burger fryers and janitors, indentured to that entropic sink. Below them is a widening slough of methedrine, child abuse, and tattoo art on its way to becoming Soylent Green. To put it bluntly, the dollar is entropy’s algo bitch.
Usdx
Usdx has two recent gaps that may be exhaustion gaps. Bond market has big move up while stocks are down hard. Gasoline is $1.60 in Oklahoma now.
Cactus drilling company is stacking 22 rigs. The sh!tstorm may be closer than we think.
rno
Eeos
No time to get into the dollar or manipulation schemes but it’s not going to suddenly change anything for now. Were losing the currency war and they are apparently giving it a green light. Why wouldn’t they be since things growing in their terms.
Kunstlers 2015 forecast
Kunstlers 2015 forecast
Finance and Banking
As 2014 closed out, that kit-bag of frauds, swindles, Ponzis, grifts, bait-and-switches, and three-card-monte scams is looking at least as wobbly as it did in 2007 when Wall Street was busy manufacturing booby-trapped MBSs and CDOs. Except we know the true aggregate risk at stake has only grown larger and more hazardous due to all the strenuous efforts by authorities since the panic of 2008 to evade any natural process for clearing mal-investment and debt gone bad. A lot of that stank was simply shoveled into the Federal Reserve’s basement, where it sits to this day, composting steamily. As to be expected (and averred to in my previous books and blogs) financial repression, market intervention, and statistical distortion will produce ever more financial perversity. That is the hazard in decoupling truth from reality. Imposed dishonesty will always express itself in unexpected ways. Who expected the price of oil to fall by nearly half in a few months? (More on that below.)
These days, perversity expresses itself in a morbidly obese dollar gorging on junk while bulimic currencies elsewhere projectile-vomit their value away as the economies attached to them die of malnutrition. Perhaps this comes as a surprise to central bankers standing at their control panels like recording engineers at the soundboard, tweaking all the dials and slides expecting to achieve a perfect repressive inflation rate of 2-plus percent so they can melt away the onerous debt of sovereign balance sheets and Too Big To Fail banks — incidentally squeezing the citizenry of purchasing power in small annual increments that add up, after a while, to worthless money. They did manage to extend the inflation of stock market indexes another year, which the public is supposed to interpret as “prosperity.” Half a trillion dollars in stock buybacks of S & P companies were executed in 2014, much of it done with money, i.e. “leverage,” borrowed at zero interest. Stock buybacks boost share prices, of course, but they don’t represent any real increased value in a given company. They’re just snakes eating their own tails.
Crude oil sitting at 50.00
Looking for a 40s handle . Should hit about 2.00 a gallon of gas in New Jersey soon.
Goldilocks
How can you say it’s not about the debt? Gold doesn’t have to go up with credit creation. They could easily being using derivatives and credit to hammer the crap out of the metals.
Richard640
Ole Jimmy Boy has seen that wolf many times and I’m sure it will be here one of these days. Probably pretty soon if I had to guess…
Commish 9:37
Not about debt right now or gold would be going up with it. It’s about other countries growth slowing or imploding and people investing here which means buying dollars and it doesn’t look like anytime soon they will bring their dollars home. Right now the dollar is King.
I was looking at ancient cities the other day. Only limited not extensive as say forensics would do but I noticed something. These sometimes mysterious cities who some had big tec innovation that can’t be matched today like pumapuku just up and disappeared or the people did. I think more study on how their cities collapsed as more and more people piled into it or became their adversaries because of what ever they were doing. In other words we had thriving civilations that suddenly became ghost towns or like Rome fell as superpower and never regained it. maybe US politicians could then learn something from it.
Just read this, good news and bad news. Bad is Jeb is pro Amensty. So people who are not invited can just walk into a country ahead of others waiting and doing it right in line first are pushed to the back of the line. Are these the kind of people we want here who have no regard for others anyways? Do we ” at this time” even need the amount of immigrants coming on anyways? Either Jeb is just totally economically ignorant or he’s running on a platform to get Hispanic votes.
4. Hillary Clinton decides not to run for president (I liked this one, but I didn’t have more than 50% conviction about it). She fears that Jeb Bush would siphon off some of the votes of Hispanics, who substantially voted for Obama. Many liberals are disenchanted with Clinton and may not vote for her. She wants to be the first woman president but she doesn’t want to lose.