Important Week Ahead

161
Sun, Sep 8, 2013 - 11:34pm

I interrupt my regularly scheduled article to bring you more late breaking news. I'll save my historical treatise for another date as everyone seems focused on the events in Syria and whether or not the Fed will continue QE. No sense in fighting the news trend and since many of you are already talking about it, I might as well dedicate this Sunday Evening/Monday Morning post thread to Syria and QE3.

Last week was a pretty intense week with accusations that the administration is committing war crimes, a 100 point plunge in the Dow on Friday morning, and Crude getting a boost on Syria. The Syrian situation is giving a rise to saber-rattling between the US and Russia that we haven't seen since the Cold War of the 1950's and the Gulf of Tonkin. As we learned on Friday courtesy of Jim Comiskey, Russia is sending military ships to the Syrian coast

https://articles.chicagotribune.com/2013-09-04/news/sns-rt-us-syria-cris...

Will Russia consider a strike against Syria an international violation and act of War against the Russians?

In case you haven't seen it, on Sunday Russia issued a 100 page report saying that the Syrian rebels are behind the Sarin Gas attacks and that John Kerry and the US are liars.

https://www.theblaze.com/stories/2013/09/05/russia-delivers-report-to-u-...

"The Russian statement warned the United States and its allies not to conduct a military strike against Syria until the United Nations had completed a similarly detailed scientific study into the Aug. 21 attack. It warned that what it called the current “hysteria” about a possible military strike in the West was similar to the false claims and poor intelligence that preceded the United States invasion of Iraq."

What I'd like for you to keep in mind about Syria is that Israel has invaded Syrian airspace 3 or 4 times this year and struck surgical targets including anti ship cruise missiles. No fuss was made by US media or much discussion about it in the alternative media. Russia also has already been sending anti-ship and anti-air craft missiles to Syria, and reports indicated that they have been sending in technical experts to set up the system.

https://michaelsnyder.mensnewsdaily.com/2013/09/russia-has-equipped-syri...

So with on going missile attacks between Israel and Syria, continued Russian involvement in the region, why has the threat of a garden variety missile strike by the US become an international incident? Has what has already been going on reached a peak? Or is there a reason the US media wants us focused on this event?

Taper Talk

As most of you have heard by now Friday's nonfarm payroll report showed that while the economy created 169,000 new jobs, the numbers were below expectations and represented a continued drop in labor participation. Remember, the Fed has said that it is decisions regarding taper was predicated on improving unemployment.

Whether or not the Fed tapers , the threat of tapering will certainly continue to build up and any fall in the major stock indices or the metals will surely be attributed to the anticipation of the Fed tapering and it's possible impact on economic activity. As many you have noted, as well as most metal analysts, a taper would have disastrous effects on the economy. In addition, all that money that is sitting in the bank reserves is unlikely to get lent out thereby reducing reserves and threatening bank contagion, and a very inflationary situation that the Fed would find unacceptable.

As I mentioned in a previous article, the Fed has focused it's monetary policy specifically on mortgage backed securities as a swap where the reserves mostly remain with the banks. I suggested that the mantra QE to infinity does not address the ways in which the Fed could begin influencing other area's of the economy if it decided to lessen the amount of MBS it buys. Also the anticipation of what the Fed will do is occurring as the prospective new Fed chairman, Larry Summers, is going through his selection process. Larry Summer's has said that QE3 has had virtual no effect positively or negatively on the economy.

Finally, a lighter piece of news announcing the new Obama Presidential Library....it's an outhouse. It has stirred a bit of controversy in this small New Mexico town.

https://www.wnd.com/2013/09/obamas-presidential-library-is-an-outhouse/

About the Author

Green Lantern

  161 Comments

achmachat
Sep 9, 2013 - 7:28am

Green Lantern

awesome!

only thing missing is that Miley character twerking on it!

silver66
Sep 9, 2013 - 7:46am

Turd is moonlighting

I might even buy a car from this guy...he seems kind of legit, even though he is in used car sales. At least he is not a politician.

Silver66

boatman
Sep 9, 2013 - 7:54am

if i want to see the leaves change

i drive up there n look at 'em........not far, really.

then leave the snow, cold, clouds behind and come back to god's country.

DeaconBenjamin
Sep 9, 2013 - 8:08am

Another jewellery heist hits France, this time worth $2.6 mn

The heist near the upscale Place Vendome is the latest to hit France after a spate of high-profile robberies in the southern resort of Cannes.

Four men rammed their car into an upmarket jewellery store in central Paris on Monday, smashing the shopwindow and making off with a two-million-euro (.6-million) booty, a police source said. The heist near the upscale Place Vendome is the latest to hit France after a spate of high-profile robberies in the southern resort of Cannes.

The police source, who wished to remain anonymous, said the men drove a large four-by-four car into the store in the early hours of the morning and grabbed jewellery and luxury watches worth an estimated two million euros. They then set fire to the vehicle and escaped in another car. Forensic policemen are currently going through the site of the robbery at the Casty store on Rue de Castiglione in the central first district of Paris, which is home to numerous jewellery shops.

At the end of July, an armed man carried out a brazen robbery in broad daylight at a diamond exhibition at the Carlton hotel in Cannes, making off with jewellery worth 103 million euros in one of the world's biggest ever heists.

Paris has also been the scene of high-profile robberies. In December 2008, three men emptied almost all of the stock of gems from the Harry Winston jewellery store. In 2009, police said they had recovered 80 percent of the haul.

https://economictimes.indiatimes.com/news/news-by-industry/et-cetera/ano...

Green Lantern
Sep 9, 2013 - 8:42am

@boatman I think you need to

@boatman

I think you need to take up some Tai Chi and build up some of that internal qi to get your internal heater going. Cold weather builds character. That's why countries in cold weather are more productive than sub tropical countries. Actually a relationship.

God created four seasons and Vivaldi even wrote a song about it. I just had four months of beach. Change is good. Reminds one that life is about change. Plus my ski's don't work on the dunes.

I'll take snow and clouds any day over constant humidity and living life going from house to car to mall just to be in air conditioning. Christmas in Miami Beach? Just not kosher.

Plus that kind of grass that people grow in Florida is like walking on a bed of nails.

Guess the metals might really be in a horizontal state of mind. Talking weather.

redwood
Sep 9, 2013 - 8:54am

GL

Always a pleasure GL. Your fluid and clear writing exposes an intelligence that is superior. The content naturally follows. And I agree about the 4 seasons. Funny I was just thinking that the other day. Here in SW Ontario we have asymmetric representations of the seasons, but we have them and I am truly thankful.

Hammer
Sep 9, 2013 - 9:12am

I guess time changes a man

I guess time changes a man but it seems odd that it goes from advocating peace to advocating war....?

Vietnam John Kerry vs Syria John Kerry "Criminal Hypocrisy"
flyinkel
Sep 9, 2013 - 9:29am

A man always has two reasons for doing anything

"A man always has two reasons for doing anything: a good reason and the real reason."

J. P. Morgan

What our Patriot Act does to a CIA asset that tells the truth. First 37 minutes is CIA asset, rest is Q & A. Why is this relevant? Because the world is watching the US right now, distrust is arguably at an all time high, and the ramifications of writing the history you are about to create is substantial.

Susan Lindauer - CIA Whistle Blower RE: 9/11

Video unavailable

Also please see https://news.yahoo.com/u-tapped-networks-google-petrobras-others-report-...

"During an interview in the Globo broadcast, Greenwald said the documents he obtained from Snowden contain "much more information on spying on innocents, against people who have nothing to do with terrorism, or on industrial issues, which need to be made public."

Folks would be well advised to look for these future documents to better understand where your tax dollars have been going and how they have been being used to harass law abiding citizens. Congress should have to answer why this has been fully supported and why they have the right to trample our Constitution.

@KoosJansen
Sep 9, 2013 - 9:30am
silver foil hat
Sep 9, 2013 - 10:07am

How long

until this makes it to number 1?

Sting Russians Lyrics

(lyrics update) ...I hope Obama like white children too....

and BTW, that's NOT raysiss if you subscribe to the conventional wisdom that the progs have put forward that 'anyone' who disagrees with him is a raysiss, and therefore 'white'.

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