Bad Economic News Right On Cue

228
Wed, Jun 5, 2013 - 12:54pm

Just last week, we openly speculated that the "economic news" was about to turn decidedly sour, given that the yield on the 10-year note had moved significantly through 2%. So far, spot on.

Let's just take a look at today's headlines:

I first posited that this would be the case a week ago. You can go back and re-read the full post if you'd like: https://www.tfmetalsreport.com/blog/4746/hammer-time I haven't gotten the pre-BLSBS selloff I had anticipated...but...the fact that the economic news has turned out as expected makes the post increasingly relevant. At the risk of being BulletPointMan, here's a c&p of the main thesis:

"Once again, this move in rates can be traced to the BLSBS report of Friday, May 3. Since then, the note has fallen four points and now rests near support at 130, which corresponds to a rate of about 2.15%. This level may hold but I suspect that it will not. More likely is a drop to what appears to be critical support near 127-128.
But here's the deal. There is no way, no how that The Fed is going to allow support to fail, thereby letting 10-year rates back up to 3%+. Not happening. Besides the detrimental impact higher rates would have on the U.S. budget deficit and debt, higher rates would also crush any nascent economic recovery.
Already we are seeing things slow down in the U.S. (Even that statement is nonsense because "slow down" implies that previously things had been really cooking.) Check this headline from ZH just this morning. https://www.zerohedge.com/news/2013-05-29/cash-and-tarry-mortgage-applic... And, as discussed last week, if the economy was booming and housing growth was robust, demand for inputs such as lumber would be soaring and soaring demand would lead to higher prices. Right? Right?? Apparently not.

So here's what's likely to happen in the weeks ahead:

  • The 10-year note may fall a bit farther but then it will bounce and begin to rebound
  • Signs that the U.S. economy is weakening will get more mainstream press coverage
  • This will likely begin with a May NFP next Friday that comes in "weaker than expected"
  • A continuation or even increase of QE will shove stocks even higher
  • Gold and silver will finally stabilize and begin trending higher, the start of a summer rally"

OK, then. So what have we seen in the week since this was posted?

  • The 10-year note sold off, reaching a low on Friday of about 128 1/2. It has since bounced back to near 130.
  • The economic weakening is definitely getting more MSM coverage. (See above.)
  • Still waiting on the BLSBS but today's ADP sure raises questions.

Yes, the BLSBS data on Friday could still leave everyone at CNBS grinning ear-to-ear. We'll just have to wait and see. However, it should be clear to everyone that the U.S. economy is not booming or growing. If anything, it simply continues to bounce along the bottom, the illusion of current and future prosperity created by the daily purchase of S&P futures by The Fed's Primary Dealers. There will be no end to QE. Not now. Not later this summer. Not in 2014. Not ever. The only escape from under this mountain of endlessly leveraged debt is currency devaluation. Physical gold and silver will continue to be your only refuge. Buy some today. (And if you do so, please do it through one of our affiliates!) https://www.tfmetalsreport.com/precious-metals-store

I had expected hoped that price would recover today after yesterday's CoT-related selloff. So far, so good. Check this action in gold first. Note that price continues to be centered around the recovery trendline that began back on the overnight of the 18th. It also continues to battle a declining 20-day MA that is now near $1405 but stays resilient. This is a very good sign and, if it continues, foreshadows a jump through $1420 and a move back toward the late April recovery highs just below $1490.

And I've found something interesting on the silver chart. Maybe it's nothing. Worth no more than the paper it's printed upon. However, it is not and cannot be coincidence that all of these points on a chart are connected by this declining arc. And look at how the arc was right there to shove price lower on Sunday, the 18th. The Forces of Darkness tried to make it happen. They clipped price for over 10% in a matter of minutes. But a funny thing happened on the way to the beatdown. No additional sellers emerged. Instead of an accelerating drop into the $teens, price reversed and began to recover. We've been in a sideways, $1 range ever since. This has all the earmarkings of a bottom and a trend change. Will it? Can it? The BLSBS on Friday will likely hold the key.

Finally, today, we need to double back to a story that broke just as I was publishing yesterday's post. Our pal, DenverDave, sent me an email notifying me of a very peculiar change in the daily Comex data. It's a new disclaimer which The Comex apparently hopes will shield them from legal consequence should member vaults one day be shown to hold slightly less metal than is reported. The exact verbiage, which suddenly appeared on Monday is this:

"The information in this report is taken from sources believed to be reliable; however, the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness. This report is produced for information purposes only."

With all ChurchLady sincerity: Well, isn't that special? So now The Comex (which is a futures market...and futures, being paper obligations, are entirely dependent upon trust and confidence) is telling us that the information provided to them by their members is not necessarily "accurate or complete"? What???

A very succinct analysis of this can be found at Jesse's place: https://jessescrossroadscafe.blogspot.com/2013/06/caveat-emptor-another-level-of-risk.html :

"One can only wonder why the Exchange felt the need to add this statement now, after all these years. Especially when Comex eligible gold inventory levels are approaching record lows, and there is widespread mistrust of certain parties and their opaque market positions on this list.
And there are rumours of forced cash settlements in lieu of bullion delivery floating around. The Hong Kong Metals Exchange just folded, and forced cash settlements. And banks are cancelling physical delivery arrangements.
How can someone who is trading metals and storing them at the warehouse not be concerned about a declaration of force majeure without liability recourse? What is the purpose of a commodities exchange when there are no representations made that they even possess what one is trading?"

Look, the shils, disinfo agents and apologists for The Cartels can SPIN and deceive all they want. But use your eyes and your brain. There is now a mountain of individual dots just waiting for you to connect them. You can either blissfully sit and amidst the pile of shit that has been shoveled upon you for decades or you can prepare for the new paradigm. The choice is yours.

Have a great day.

TF

About the Author

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Does Feb19 Comex gold close above $1250 on Friday?
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77%
NO
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Total votes: 190

  228 Comments

argent rampant Magpie · Jun 5, 2013 - 9:02pm

Here we go

@Magpie

This is interesting, to say the least. However, a couple of points need to be made: The unit from the Kearsarge is the 24 MEU (Marine Expeditionary Unit) and would indeed number about 1000 ground troops, not an MEF - which would be about 15,000. It has its own heavy artillery and light armored vehicles, as well as its own helicopters. However, it is NOT a "large force" and is not capable of operating far from a source of supply and basing for the helicopters. This, of course, could be supplied by either Jordan or by the Israelis, but would have to be within about 20-30 miles of wherever the Marines are going to be positioned.

Of course, the task of the Marines might be to establish a secure airfield to bring in a larger ground force from Europe or even from the US....

At any rate, this is a HIGHLY unusual thing for the Marines to be doing and certainly bears watching.

AR (formerly oldNavy)

Dyna mo hum · Jun 5, 2013 - 9:06pm

ww3

"Oceania has always been at war" 

philipat · Jun 5, 2013 - 9:08pm

@Jake/Bond Rates

Not sure if I agree with you on that. The Fed is already the largest buyer of Treasuries and it has been estimated that if QE continues untapered (Which I venture to suggest it will) by the end of 2014 The Fed will own over 80% of all Treasuries. Accordingly, The Fed can do to Rates what it has done to equities and PM's? In other words, exactly whatever it wishes.

DBean · Jun 5, 2013 - 9:13pm

Baby Boomers

Now they're trying to TALK us into killing ourselves...

Isn't it enough we have all these great meds, new and improved health care just in time for the aging baby booms, frankenfood and financial time bombs to dodge?

Can't help but wonder, when I see stories like that, what in the heck are they trying to herd me into now?

dropout · Jun 5, 2013 - 9:14pm

@arg ramp

lol! Gotta love it!

Yes, its a depression, not a recession. There are two dates in recent history which correspond to our current time;

1913 - just prior to WW I breaking out and 1933, when everyone thought that the worst was behind them, only to find that it was just the beginning.

The catalyst for WW I in 1914, was the assassination of Archduke Ferdinand. I wonder what event will be used as an excuse this time? Remember the old adage, 'when in deep economic shit - take the nation to war'. Only this war coming will not be any "brush fire" type conflict. It will engage the entire globe and be total.

I sincerely hope and pray not, but I don't see any other outcome.

· Jun 5, 2013 - 9:32pm

Ummmm....

This is a big deal.

https://www.zerohedge.com/news/2013-06-05/slamming-money-market-“gates”-–-capital-controls-coming-26-trillion-industry

wouldyoubelieve... · Jun 5, 2013 - 9:37pm

locking the doors

before the fire is set.

all part of the plan, nothing to see, move along please.

SilverSurfers · Jun 5, 2013 - 9:41pm

Rolled

Greg Hunter, at Watch Dog.

https://usawatchdog.com/us-back-to-a-gold-standard-catherine-austin-fitts/

Greg says:

June 5, 2013 at 8:25 pm

Derrick Michael Reid,
This is priceless and much appreciated!
Greg

Dyna mo hum · Jun 5, 2013 - 9:52pm
Dyna mo hum · Jun 5, 2013 - 10:00pm

Our Father tried to warn us

George Washington’s Farewell Address, was originally published in David Claypoole’s American Daily Advertiser on September 19, 1796. The most important part was his warning to future generations to AVOID FOREIGN ENTANGLEMENTS.

Below are selected passages, bold, underline and italics, are mine.

“a passionate attachment of one nation for another produces a variety of evils. Sympathy for the favorite nation,facilitating the illusion of an imaginary common interest in cases where no real common interest exists, and infusing into one the enmities of the other, betrays the former into a participation in the quarrels and wars of the latter without adequate inducement or justification”….

“And it gives to ambitious, corrupted, or deluded citizens (who devote themselves to the favorite nation), facility to betray or sacrifice the interests of their own country,”

“such attachments are particularly alarming to the truly enlightened and independent patriot. How many opportunities do they afford to tamper with domestic factions, to practice the arts of seduction, to mislead public opinion, to influence or awe the public councils.”

“Against the insidious wiles of foreign influence (I conjure you to believe me, fellow-citizens) the jealousy of a free people ought to be constantly awake, since history and experience prove that foreign influence is one of the most baneful foes of republican government….. Real patriots who may resist the intrigues of the favorite are liable to become suspected and odious, while its tools and dupes usurp the applause and confidence of the people, to surrender their interests.”

“Why quit our own to stand upon foreign ground? Why, by interweaving our destiny with that of any part of Europe, entangle our peace and prosperity in the toils of European ambition, rivalship, interest, humor or caprice?”

“It is our true policy to steer clear of permanent alliances with any portion of the foreign world”

“nothing is more essential than that permanent, inveterate antipathies against particular nations, and passionate attachments for others, should be excluded;” …

“The nation which indulges towards another a habitual hatred or a habitual fondness is in some degree a slave”…

“It is a slave to its animosity or to its affection, either of which is sufficient to lead it astray from its duty and its interest”….

“The peace often, sometimes perhaps the liberty, of nations, has been the victim.”

 “The great rule of conduct for us in regard to foreign nations is in extending our commercial relations, to have with them as little political connection as possible”…..

opticsguy · Jun 5, 2013 - 10:03pm

@DBean

When the Obamacare death panel gives you the following option: "We can give you this surgery which will cost Medicare $100K, or you can do without it and we'll give your heirs $50K.

A few years later: "Medicare kicks in at 65, but after 75 it won't pay for anything. Stay healthy, my friend".

¤ · Jun 5, 2013 - 10:06pm

Archduke Ferdinand moment...

...might be someone from the "otherside".

My guess is that it's the high ranking Hezbollah guy Hassan Nasrallah that Israel picks off in a Lebanese airstrike or President Assad himself (via rebel bombing or attack) that makes the other side "lose it".

Maybe a high ranking Russian general???

Get ready. Cue Iran anytime now.

¤ · Jun 5, 2013 - 10:19pm

Saw this yesterday...."exercises".....15,000 troops gathered

UPDATE 1- U.S. to deploy Patriot Missiles, F-16 Jets to Jordan Russia condemns, accuses West of fuelling Syrian war Tue Jun 4, 2013 3:38pm EDT

* "Foreign arms pumped into explosive region" - Moscow

* Jordan says weapons, jets for annual exercise (Adds Russian reaction, edits)

AMMAN, June 4 (Reuters) - The United States will deploy Patriot anti-aircraft missiles and F-16 fighter jets to Syria's neighbour Jordan this month, Jordan said on Tuesday, drawing swift condemnation from Moscow which accused the West of sending weapons to fuel Syria's civil war.

Jordan said the planes and missiles will be sent as part of an annual exercise to begin in the last week of June. Military sources said the exercises would involve armies from at least 18 countries with more than 15,000 troops.

"These annual exercises will increase the preparedness of the Jordanian army. This year we are in need of more advanced weapons," Jordan's Minister of Information Mohammad al-Momani told Reuters.

There was no official statement suggesting the Patriots or the fighters would be withdrawn when the exercises are over.

Jordan is a U.S. ally in the region and one of the Arab countries that backs.....(cont.)

https://www.reuters.com/article/2013/06/04/jordan-us-syria-idUSL5N0EG3RX...

Bohemian ¤ · Jun 5, 2013 - 10:40pm

@DPH

"There was no official statement suggesting the Patriots or the fighters would be withdrawn when the exercises are over."

Actually, this is what was reported by BBC and other outlets in Europe, June 4, 2013 --

The decision to possibly station F-16s and missile batteries in Jordan will fuel speculation on a potential US military intervention, which the White House so far has described as a remote possibility.

"Given our strong alliance with Jordan and in light of circumstances in the region and escalating violence along Jordan's borders, if requested some (weapons) may remain beyond the conclusion of the exercise to assist the Jordanian armed forces," said State Department spokeswoman Jen Psaki.

"But no decision has been made yet on that," she told reporters...

----

Yeah, sure... cool

¤ · Jun 5, 2013 - 10:45pm

Meanwhile....in Jordan

Jordanian leader calls for jihad against Hezbollah By ARIEL BEN SOLOMON 06/05/2013 23:15

jordan-map.img_assist_custom.gif

Hezbollah supporters take part in the ashura religious ceremony in Beirut.

Muhammed Shalabi urges fighters to attack Hezbollah groups; predicts final showdown between Sunni Islamists and Shi'ite group.

Muhammad Shalabi, a jihadist leader in Jordan, has called for a jihad against the Shi’ite Hezbollah, predicting a decisive confrontation between Sunni Islamists and the Lebanese “Party of God” in the coming days, according to a report on Monday in the Arab daily Al-Hayat.

He said that the al-Qaida linked al-Nusra Front is heading to all of the areas where Hezbollah fighters are present.

Related:

“It is a duty to carry out jihad against all of the aggressors,” said Shalabi. “We call openly to fight this party,” he said, urging the Sunnis in Lebanon and Syria to target Hezbollah’s positions and leaders.

This is the first time that Shalabi has explicitly called for attacking Hezbollah, according to the report.

Shalabi also mentioned that Shi’ite fighters from Bahrain, Pakistan, and other Gulf countries are coming to fight in Syria alongside Hezbollah.

There are more than 500 Jordanian fighters supporting the al-Nusra Front, said Shalabi.

Click for full JPost coverage

They enter Syria of their own initiative with the assistance of smugglers.

Concerning the connection between Jordan’s Salafists and the al-Nusra Front, he said that there is no organizational unity between the groups, but that they have the same ideology.

Jordan has arrested dozens of Salafis over the past few months before they were able to reach Syria, according to the report.

https://www.jpost.com/Middle-East/Jordanian-leader-calls-for-jihad-again...

DayStar · Jun 5, 2013 - 10:47pm

Harvey's Up!

Harvey: The Comex registered (dealer) gold is getting dangerously low. The GLD reported another loss in gold inventory to the tune of 2.7 tonnes. The SLV inventory of silver also remained firm with no losses. GoldCore: Gold’s latest correction has put gold mining companies on the defensive globally and many are under severe pressure. Gold mining companies have been forced to cut costs, investment and most importantly for the price of gold - production. GoldCore: Miners are having to go deeper and deeper into the ground in the attempt to extract the precious metal from the bowels of the earth. Ore grades are declining globally and peak gold has been reached in South Africa and may have been reached globally. US Mint: Demand for US gold and silver bullion remains at "unprecedented" high levels almost two months after the historical sell-off. Addison Wiggin: “zero hour” — the day you can mark on a calendar when the price of real metal breaks away forever from the quoted price. It’s the day you’ll be grateful you hold real metal and not a proxy like GLD. Sound far-fetched? No. This or something like it will happen and probably soon. Adrian Ash: yesterday's decision by the Indian government to ban credit-paid imports of gold bullion: "The [gold] market has quite rightly shrugged this off. If India wants gold, it will buy gold!" The Business Standard in an editorial agreed saying, "As a result of these measures, gold demand and import will come down...[but] smuggling of the precious metal is likely to go up." Zero Hedge: the world's largest gold mine, the giant Grasberg mine in Indonesia, will be shut for 3 months as the government investigates a collapse which killed 28 miners in May. Harvey: The Yen carry trade is coming unglued. What happens if the yen rises instead of falls with the increasing money base and the Italian bonds/Spanish bonds falter? Answer: they have a mess on their hands as leverage rips their hearts out. Then you can add banks that have done derivative trades on this and the mess just magnifies. Bill Holter: There are $ trillions in bets on Japanese Yen, bonds and stocks. Extreme volatility will create both winners and losers. The problem is that with such extreme volatility, the winners will be huge and the losers devastated. The question then becomes "can the losers perform and actually payout to the winners?". The answer to this is NO, they cannot. All this and more on...

The Harvey Report! smiley

https://www.tfmetalsreport.com/comment/599249#comment-599249

DayStar

¤ · Jun 5, 2013 - 10:54pm

U'mmm....Hassan Nasrallah, where are you?

8 rockets fall on Lebanese town of Baalbek

File photo shows a general view of Bekaa Valley near Baalbek town in eastern Lebanon.

File photo shows a general view of Bekaa Valley near Baalbek town in eastern Lebanon

Wed Jun 5, 2013 11:24PM

The foreign-backed militants fighting against Syria have launched at least twelve grad rockets on the Lebanese town of Baalbek in the northeast of the country, Press TV repots.


lebanon_map.gifOn Wednesday, at least one child was injured by the attack on the town which borders Syria.

Earlier in the day, the Syrian army gained control of the strategic town of Qusayr in the west of the country.

The Syria crisis began in March 2011, and many people, including large numbers of soldiers and security personnel, have been killed in the violence.

The Syrian government says that the chaos is being orchestrated from outside the country, and there are reports that a very large number of the militants are foreign nationals.

Damascus says the West and its regional allies, such as Qatar, Saudi Arabia, and Turkey, are supporting the militants.

In an interview broadcast on Turkish television in April, Syrian President Bashar al-Assad said that if the militants take power in Syria, they could destabilize the entire Middle East region for decades.

“If the unrest in Syria leads to the partitioning of the country, or if the terrorist forces take control… the situation will inevitably spill over into neighboring countries and create a domino effect throughout the Middle East and beyond,” he stated.

presstv.ir

SilverSurfers · Jun 5, 2013 - 10:57pm

Free

masonry got the clue.

Office of Philanthropy

Douglas D. Ismail
Executive Vice President
California Masonic Foundation
Chief Philanthropy Officer
foundation[at]freemason[dot]org

Side Bar: Impression forming that Bohemian Rhapsody is a devils advocate.

Queen - Bohemian Rhapsody (Official Video)
Karankawa · Jun 5, 2013 - 10:58pm
¤ · Jun 5, 2013 - 10:59pm

And meanwhile...

In Syrian Victory, Hezbollah Risks Broader Fight Mohamed Azakir/Reuters

Forces loyal to President Bashar al-Assad carried a flag on Wednesday after taking the town of Qusayr.

By ANNE BARNARD
Published: June 5, 2013

BEIRUT, Lebanon — In the final days the outgunned Syrian rebels, deprived of reinforcements, ammunition and sleep, were surviving on olives and canned beans. They were hiding in the concrete shells of destroyed houses and underground tunnels near the besieged rebel stronghold of Qusayr, unable to help their trapped colleagues and civilians dying of treatable wounds, as Syrian government forces and their Hezbollah allies from Lebanon assaulted the town by land and air.

By Wednesday morning, it was time to flee for the rebel fighters in Qusayr, who had managed to repel the Syrian Army for months but could not withstand the additional attacks from Hezbollah, the Lebanese Shiite Muslim organization whose leader, Hassan Nasrallah, has made common cause with President Bashar al-Assad of Syria in the two-year-old civil war.

In triumphal tones, the Syrian news media announced that Qusayr had been seized, as rebels said they had withdrawn from most of the city but vowed to fight on. Syrian state media broadcast photographs of soldiers raising flags over wrecked buildings as the rebels fled, and the Syrian military was calling the victory a turning point.

But Mr. Assad was victorious not because his military alone had defeated the rebels. Rather, he appeared to owe the victory to Hezbollah, which provided crucial infantry power in recent weeks. Hezbollah’s role and the vengeful reactions of its critics have further intensified sectarian divisions in Syria and beyond its borders, creating new risks for both Mr. Assad and Mr. Nasrallah even in their moment of victory.

“We will not forget what Hassan Nasrallah did,” said Abu Zaid, 40, a fighter from Qusayr. “We will take revenge from him and his organization even after 100 years.”

While taking Qusayr could infuse Mr. Assad’s forces with momentum and embolden him to push for more military advances — just as Russia and the United States are pressing the antagonists in the Syrian conflict to negotiate — the intervention by Hezbollah could be problematic for that organization, which historically has been revered in Syria for its opposition to Israel. Now, in the eyes of the Syrian insurgency and its sympathizers, Hezbollah has turned its guns on fellow Muslims and taken on the form of an occupying force.

In the fight’s final days, as a reporter traveled through villages around Qusayr, rebel fighters and their civilian supporters vented rage not only at Mr. Assad but at his allies — particularly Iran and the well-trained Shiite Muslim fighters of Hezbollah, whom they largely blamed for the casualties they had suffered.

The mostly Sunni activists and rebels expressed bitterness toward Shiites generally, but they reserved particular anger for Mr. Nasrallah. The Hezbollah leader had exhorted his followers to come to fight in Syria against what he portrayed as a jihadist-Israeli conspiracy to topple Mr. Assad and subvert Hezbollah’s ability to attack, or defend against, Israel....(cont.) https://www.nytimes.com/2013/06/06/world/middleeast/syria.html?pagewante...

BagOfGold · Jun 5, 2013 - 11:00pm

Bernanke...

has unknowingly shampooed with some BOG-40...which turns everything into gold!...Will this cat turn to gold too?...

Benny... Bag Of Gold
SilverSurfers · Jun 5, 2013 - 11:23pm

ME

someone should go over there and chill em out.

Joe Rogan - Jokes on weed

Maybe turdville should have a take home test in stead of a moderator?

Joe Rogan - Dumb Test
Beastly Stack · Jun 5, 2013 - 11:26pm

3 Days in a Row

Tomorrow could be one for the record books as far as the Dow is concerned.

Be Careful with the metals here, especially Silver if you are trading!

https://tradermartinstake.blogspot.com/2013/06/eyes-on-this.html

· Jun 6, 2013 - 12:08am
Magpie · Jun 6, 2013 - 12:19am

Got Verizon?

https://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/05/nsa-asked-ve... The leaked legal order requires Verizon to produce, “on an ongoing daily basis,” records of calls “between the United States and abroad” as well as “wholly within the United States, including local calls.” The data sought by the NSA includes “originating and terminating telephone numbers,” and the time and duration of each call. The order does not request the contents of the calls. The four-page order is dated April 25 and signed by Judge Roger Vinson, a judge of the secretive Foreign Intelligence Surveillance Court. It is marked “top secret” and is due to expire on July 19 unless it is renewed. It bans Verizon from disclosing the order to anyone other than those employees needed to comply with the order and an attorney.

ballyale · Jun 6, 2013 - 12:52am

No Good outcome in Syrian War.

https://www.zerohedge.com/news/2013-06-05/guest-post-terrible-future-syr...

Pretty much what I've said all along.

There are no good guys in this Syrian shit.

While Israel has the best intelligence concerning the Anti Assad forces, it doesn't have any clue as to the outcome or any resolution of this outcome. This could go on for years and years and probably will, with or without the demise of the Assad regime.

The only hope is that it won't turn into WW3 and the destruction of mankind.

That's the only only good outcome, imo..


Bally.

Lumpy · Jun 6, 2013 - 1:19am

Pondering.

I've been thinking about the IRS scandal and thought of this story. https://www.examiner.com/article/disgruntled-taxpayer-flies-airplane-int... To the Turdite who posted this video, Thank you. https://www.youtube.com/watch?v=0N8TykuZvTY&feature=player_embedded It's sad that I had a hint of fear for even bringing this up. Fear of the Government of the Country I've served. I see a dent in the armor of the power that controls us. It will be rightfully exploited politcally by the Republican Party......As if they are innocent. Maybe the first steps into the rabbit hole have begun. Maybe this is the beginning of the unraveling. Just pondering.

JackPutter · Jun 6, 2013 - 1:53am

What really chaps my hide

Is the #@#%&@ criminal pact of self preserving oligarch-fascist pigs did to my country.

Didn't anyone tell the politicians that it's not good to be in the seat of power when the people start to pay attention?

I guess that since I'm pissed off, it's from paying attention.

Too big to jail? The trouble with our 'rescue' of A.I.G.
Read more: https://communities.washingtontimes.com/neighborhood/brass-tacks/2013/jun/5/too-big-jail-trouble-our-rescue-ig/#ixzz2VPcnQEBu
Follow us: @wtcommunities on Twitter
Tabberto · Jun 6, 2013 - 2:07am

Baalbek

went there 2 years ago, a stunning place....one of the top 3 archaeological sites I have visited

philipat · Jun 6, 2013 - 2:31am

Gold Falling...

Right on time again. The London monkeys have just checked-in.

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12/17 8:30 ET Empire State Fed Manu.
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randomness