Easter Weekend - BLSBS - Open Thread

It's a 3-day holiday weekend. Markets are closed in the U.S. Too bad, too, as the metals would have seen a pop today.

As this is a holiday, I'll keep this brief with a few links links lifted from ZH that should begin the conversation. First up,  this Lee Adler piece discussing the outright manipulation of the BLSBS data:

http://www.zerohedge.com/contributed/2012-14-05/nonfarm-payrolls-should-fall-377000-they-won’t

Next, here's the report of the actual data. (All the political incentive to goose these numbers and the best they could do was a lousy +120,000? Yikes! And the drop in the headline number to 8.2% is simply based upon a big reduction of the total number of people "in the labor force".)

http://www.zerohedge.com/news/nfp-big-miss-120k-expectations-205k-unemployment-82

http://www.zerohedge.com/news/average-march-seasonal-adjustment-factor-824600

Lastly, a lot of talk about the Blythe Master interview yesterday on CNBS. Watching the video is fine and it's included in this ZH link. What you really need to read, however, is "Tyler's" reporting of it. Absolutely spot on analysis. For whatever reason. "Tyler" never overtly joins the goldbug camp. However, it is quite clear that, deep down, he is one of us.

http://www.zerohedge.com/news/blythe-masters-blogosphere-silver-manipulation-its-gold-axed-clients-and-doing-wrong-thing

I'll stop there lest someone think that Harvey Organ has taken over as guest "Turd" for the day. I hope that everyone has a safe, relaxing and fun holiday weekend. Get ready for a wild week next!  TF

275 Comments

kingboo's picture

Supreme Court contemplating ....

striking ALL OF OBAMACARE???   Could it be??????

treefrog's picture

federal reserve act of 1913

Full title:

An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.

*********************

it's those "other purposes" that get you where the hairs are short.

abreik's picture

"and for other purposes"

Bills frequently have "and for other purposes" at the end of the bill's name.  For example, check out H.R. 3806 which has a title of:

"To end the practice of including more than one subject in a single bill by requiring that each bill enacted by Congress be limited to only one subject, and for other purposes."

I Run Bartertown's picture

So Nice,

she gets posted here twice. 

I posted this story the other day but Aziz on ZH elaborated:

http://www.zerohedge.com/news/guest-post-face-authoritarian-environmentalism

The Face of Authoritarian Environmentalism 

article-2123260-126a380b000005dc-570_468

She's not JUST a global warming expert, she's ALSO an expert on Gender AND Race, so I'm sure she could fill up the asylums with all sorts of ThoughtCriminals.

rtabit's picture

COT Analysis

Might be useful, or least easier to comprehend the numbers, in addition to reporting the total OI, long and short positions, to make an index (not sure if I’m using the term index correctly) with those numbers.

For example:

  • Commercial long / OI
    • If long 1000 contracts, while OI is 5000, 20% of longs
    • If long 1000 contracts, while OI is 20,000, 5% of longs
    • As you see same amount of longs, but should not be considered same
    • Do same thing with shorts
  • (Commercial long – commercial short) / OI
    • This is taking the net long and short positions and putting it into perspective with OI

Maybe make a chart comparing these or some other calculation with prices over time.  I looked around on the web but couldn’t find anything, if someone knows of a place I appreciate it if they posted it.  Sorry if this has already been talked about, it’s just something mentioned in a book I’m reading, it’s new to me.

Baikalic's picture

@I Run Bartertown

I believe the sort of response you have linked there is a knee-jerk one, one that wants to rail against an overwhelming opposition that doesn't agree with you. I think members of the communities I participate in know this feeling well, and most of us have learned to keep our cool more reasonably than the talking heads of the TPTB and this "mad"-woman. At least I hope so...

I will say for the record here though, that I think climate change is happening. While warming is one issue, I think a more important one is how a destabilization of climate can trigger many natural feedback loops may make the climate unsuitable for industrial agriculture. What will happen to rainfall patterns? What will happen to drought patterns? What will happen to all of the carbon dioxide and methane sequestered in the oceans and permafrost shelves? I think there is reason to believe all of these dynamics are currently in the beginning stages of being destabilized. As such I think it is highly likely that a destabilized climate will lead to chronic disruptions of our food supply in the 21st century, which is just another sign that industrial civilization's systems, whether financial or structural, are definitely failing.

I've done a fair bit of study of complex systems in my engineering education, and their most prominent characteristic is that an initial change can carry over into multiple cascading changes that rapidly cause a turnover of that system to a new state. I consider industrial civilization to be just such a system, and one that is poorly understood AND operated. Therefore, in the long run I think systemic failure is an inevitable consequence of civilizations. The historical record is quite clear on this.

It shall be an exciting century.

rtabit's picture

“To qualify for one of the

“To qualify for one of the $200 gift cards and an assortment of other prizes, all you have to do is upload a photo of yourself with a dead snakehead to the DNR's Angler's Log site.”

A little photoshop and maybe I’ll 200 dollars richer.

Patrancus's picture

Orthodox or not more Rubbish for EROI

I know these people who cannot think for themselves and are not able even to consider another fellows opinion, well I believe that they are more abundant than ever before.  Freudian / Bernaysian principals of propaganda and mind conditioning manipulations are working overtime to dumb down the populations, though everyday I seem to meet someone who has been touched by something that revealed the complexity of this fraud and deceit to them.

Peace

boatman's picture

freddy couples

leading the masters.

i love it.

Patrancus's picture

So Scary

Somebody send this woman a photo of herself, scary.

Zoltan's picture

BM Interview

She was lying and she isn't very good at it.

Z

MisesFan's picture

More Bill Cooper...

http://www.hourofthetime.com/

"

William Cooper gives a thought provoking lecture on the Illuminati, Freemasonry, freedom and the origins of mankind and Knowledge according to the Mystery Schools

Become DANGEROUS... speak the TRUTH and inform your friends & family!!!

Rest in Peace Bill...

William Milton Cooper (May 6, 1943 - November 5, 2001)

"

I Run Bartertown's picture

Baikalic

You're very forgiving.

To me, the issue is not whether there is or is not climate change.

It's that there are people like this in positions of respect and influence that engage in what Aziz points out is:

"Isn’t pathologising dissidents a hallmark of authoritarianism? Weren’t dissidents under the Soviet Union often sent to psychiatric hospitals to be “treated” for their behaviour?"

This woman spouts this, and still has a job and influence in her field.

There are innumerable examples of people expressing unpopular opinions (or even FACTS), mild gaffes, etc. that suffered social and professional immolation. Yet this tripe is par for the course at Universities.

And, I'll confess, it's just another opportunity to beef up my thesis that...there's always something off, just a little bit Fked up about liberals. blush

BUDDHA PRINCESS's picture

Egan-Jones Cuts US Credit Rating to 'AA,' Citing Debt

Rating firm Egan-Jones cuts its credit rating on the U.S. government to "AA" from "AA+" with a negative watch, citing a lack of progress in cutting the mounting federal debt.

"When debt-to-GDP [cnbc explains] exceeds 100 percent, a country's financial flexibility becomes increasingly strained," Managing Director Sean Egan wrote in his report on the downgrade. "For the first time since World War II, U.S. debt exceeds 100 percent."

The U.S. dollar fell slightly against the yen after the news, which came at the start of Asia's trading day.

Egan said he sees no end in sight to the increasing deficit.

"With an annual federal budget deficit in the area of $1.4 trillion, debt is likely to reach $16.7 trillion as of the end of 2012 while assuming GDP grows 2.5 percent, total GDP is likely to reach $15.7 trillion. Therefore, as of the end of 2012, debt-to-GDP is likely to be in the area of 106 percent.".

CNBC story....the link is here.

BUDDHA PRINCESS's picture

Austerity may not be Portugal's best option, warns IMF

 

 

Chasing deficit targets may no longer be Portugal's best policy if its economic slump deepens more than expected, the International Monetary Fund (IMF) has said.

It stopped short of calling for targets set under an EU/IMF bailout to be eased, but signalled concern over waning external demand and the recessive impact of bailout austerity.

Posted in The Telegraph.co.uk

The link is here.

BUDDHA PRINCESS's picture

Confusion at the Pumps

 Big Oil's Strategy for Jacking Up Gas Prices

By Alexander Jung and Alexander Neubacher

Prices at German gas pumps oscillate wildly, sometimes changing several times a day. The rises and falls are far from random, however. Studies and market observers say it is an attempt by big oil to ratchet up the cost of a fill-up as high as possible.

It's Easter weekend and, if all goes as usual, motorists will be hopping mad during the holiday. Their frustration will boil over when the needle reaches the red zone and they pull into the nearest filling station: first at the pump, then at the cash register.

That's where they'll note with dismay that the oil companies never tire of playing the same old game in the run-up to Easter. As in previous years, gas prices soared in the days leading up to the Friday before Easter -- just when millions of Germans head off on vacation.

Posted at spiegel.de..and the link is here.

AugmentedFourth's picture

Re: The Face of Authoritarian Environmentalism

First of all: She has a BS in biology and her graduate degrees are all in SOCIOLOGY! She is NOT A CLIMATE SCIENTIST...by any stretch of the term!

Second: Sure, scientists are allowed and expected to to display a dash or two of human weakness here-and-there. However, skepticism is a cornerstone of the scientific method and the fundamental characteristic that drives the process of inquiry! Conflating skepticism with mental disorder or morality is the height of intellectual arrogance, and worse it shows a complete disregard for the principles that have guided science since the renaissance. This woman speaks like a priest from the Middle-Ages screaming: "Heresy!"

I don't even care about the topic of global warming itself! It just really pisses me off when somebody trumpets reason & science, then goes on to claim sole dominion over the truth like some religious zealot.

This woman IS NOT A SCIENTIST.

ClinkinKY's picture

@ BP (no, not British Petroleum:) Speaking of pumps

ClinkinKY's picture

This guy actually gets paid to write this stuff

Op-Ed Columnist

Not Enough Inflation

No, the real reason the attacks on Mr. Bernanke from the right are so destructive is that they’re an effort to bully the Fed into doing exactly the wrong thing. The attackers want the Fed to slam on the brakes when it should be stepping on the gas; they want the Fed to choke off recovery when it should be doing much more to accelerate recovery.

Read the article:http://www.nytimes.com/2012/04/06/opinion/krugman-not-enough-inflation.html?pagewanted=all

SilverWealth's picture

'Take the fight to the Enemy'?

Turd. 'Take the fight to the Enemy'? I would not have bet on the Belgians to hold the Maginot Line against the German Army. Sorry.

Incidentally I am sure this site is closely monitored by JPM. Whatever stratagems are employed will be known anyway.

They are in full control of the metals markets via the fake Comex until there is real proof otherwise. Hoping and dreaming does not count as reality.

The Greenspan Revolutionaries who decided a long time ago to create their own reality have successfully done just that by jacking and manipulating markets for many years now. This will continue unabated and unregulated until it does not continue. Waiting on 'collapse' is foolish imo, goldbuggers have been waiting on that for years and years.

York Rite's picture

Jim Rickards

Remains ultra bullish about gold. He also sticks with his May/June timeframe for an assault upon Iran.

I Run Bartertown's picture

Did someone mention Heresy?

Lies are Ugly.

And Ugly Hates Truth. Even when you tell it to your kids to keep them safe.

Annie-Rose Strasser Annie-Rose Strasser :

"Popular conservative columnist and National Review writer John Derbyshire topped all of his previous racist screeds (and sexist rants) today by posting a long breakdown of all of the important lessons he has taught his children about race — and he’s outdone his own racism with this one. Derbyshire wrote the column in the third person, as a list of lessons to his kids about race. The lessons are his response to “the talk” that black parents have with their children"

Here's part of the ThoughtCriminal's article: 

"Leonard Greene talks about the talk in the New York Post. Someone bylined as KJ Dell’Antonia talks about the talk in The New York Times. Darryl Owens talks about the talk in the Orlando Sentinel.

Yes, talk about the talk is all over.

There is a talk that nonblack Americans have with their kids, too. My own kids, now 19 and 16, have had it in bits and pieces as subtopics have arisen. If I were to assemble it into a single talk, it would look something like the following...

10) Thus, while always attentive to the particular qualities of individuals, on the many occasions where you have nothing to guide you but knowledge of those mean differences, use statistical common sense:"

http://takimag.com/article/the_talk_nonblack_version_john_derbyshire/page_2#axzz1rIe3odgx

Battle Beagle's picture

Chart

It would be interesting to see you reconstruct the true silver supply/demand chart  based off the data you have and perhaps post a article describing the true fundamentals of silver vs. the misinformation. You seem to have a analytical mind that can see through B.S.

Kryptonite for Bankers's picture

The Andrew M thing is great but....

...what is to stop JP Morgan from signing up thru a proxy and gaming the trades? They clearly monitor this site and others like it. Sorry if this is a dumb question, but the psychopaths ain't dumb.

atarangi's picture

Part 3 of Jim Quinn's brilliant series is linked below - - -

8813682-fire-sign-query-mark-on-a-black- This is Part Three of a three part series trying to make sense of the Crisis period we entered in 2008. Click here to read: PART ONE or PART TWO

Seeking Regeneracy

“Soon after the catalyst, a national election will produce a sweeping political realignment, as one faction or coalition capitalizes on a new public demand for decisive action. Republicans, Democrats, or perhaps a new party will decisively win the long partisan tug of war. This new regime will enthrone itself for the duration of the Crisis. Regardless of its ideology, that new leadership will assert public authority and demand private sacrifice. Regardless of its ideology, that new leadership will assert public authority and demand private sacrifice. Where leaders had once been inclined to alleviate societal pressures, they will now aggravate them to command the nation’s attention. The regeneracy will be solidly under way.” –Strauss & Howe – The Fourth Turninghttp://www.theburningplatform.com/?p=32482

JY896's picture

@Kryptonite

They already ARE gaming the trade, in fact ARE the trade. No need for gaining access, they already have all the info AM provides.

Hammer's picture

Seeing as how it's an open

Seeing as how it's an open thread, I don't have all the details and this is one side of the argument so to be completely fair and unprejudiced, I would need to research the other side of the argument but for now, here is a video of a farming family's struggle to stay in business.

meddle magic's picture

COT report

Has it come out today? I am itching to see how things are taking shape.

NW VIEW's picture

@MM - COT GOLD REPORT

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