Wednesday, November 7, 2012

Furious Trump calls for a ‘revolution’ after ‘disgusting injustice, sham and travesty’ of Obama’s re-election

The Donald took to Twitter Tuesday night after it became apparent Obama would win election – Called for a ‘revolution’ and added that Obama’s re-election was a ‘disgusting injustice
by Beth Stebner, Mail Online:
The Donald has always been outspoken where President Obama is concerned, riding him on everything from his college records to his birth certificate.
And this Election Day was no different. Moments after the president’s victory was projected by several news outlets last night, Donald Trump took to Twitter to voice his outrage, demanding a ‘revolution.’
He also said that the Democrat’s re-election to office was a ‘great and disgusting injustice.’
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10 dire consequences of Obama’s re-election victory

by Mike Adams, Natural News:
… What does an Obama re-election mean for the next four years in America? Now that he’s in his second and last term, of course, Obama no longer needs to restrain his actions according to popularity. He can simply unleash any desirable executive order and rule by decree, bypassing Congress as he has frequently promised to do.

This puts America in a very dangerous situation, given Obama’s well-demonstrated desire to destroy freedom and liberty in America. Remember: Obama is anti health freedom, anti food freedom, anti GMO labeling, anti medical freedom and anti farm freedom. He’s the one who issued an executive order claiming government ownership over all farms and farm equipment, in case you forgot that little fact.
He’s also the guy who just recently issued an executive order merging Homeland Security with local corporate entities to grant the executive branch of government a power monopoly over the nation, bypassing the courts and Congress. You probably haven’t even heard about that one, because he secretly signed it during Hurricane Sandy.
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Money Printing Is Going To Run Amok Now

Admin at Jim Rogers Blog - 1 hour ago
It looks to me like the money printing is going to run amok now, and spending is going to run amok now. I have to invest based on what’s happening and not what I would like. - in CNBC *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.*

Dow Jones Industrial Average Celebrates "Four More Years" With Biggest Drop In A Year

It seems like only last night everyone was celebrating more hope, if not much change. Now comes the hangover. The Dow Jones intraday drop is now 2.23% (and rising), greater than the biggest drop so far in 2012 record on June 1. The last time the market plunged as much: literally one year ago, or November 9, 2011. Sadly, it appears that one can't have their Dow Jones Industrial Average and redistribute it too. 

GOP in Deep Trouble, Ron Paul Looking Good

by Ryan W. McMaken, Lew Rockwell:
Romney lost today to a guy who is overseeing a horrible economy, prosecuting unpopular wars, and who can barely string 5 words together without a teleprompter. This was the best the Republican Party can do. Not only are the Republicans evil, they’re evil and contemptible losers, which is far worse.
The biggest losers tonight are of course people who value peace and freedom, but we would have also lost if Romney won. The GOP is right up there in the loser category, however. The GOP lost seats in the Senate, and did little to improve its position in the House. It has served up two ridiculously bad nominees in a row, claiming “electability” and then going down in flames.
Rand Paul certainly came out of this looking very bad as well. He fell in line behind the party masters, banking on some advantage to be gained through an endorsement of Romney. He ended up just looking politically unsavvy and unprincipled. There is little to be gained either, from playing ball with a Party that as inept as the GOP at this point.
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The Case For A Constitutional Convention In 2016

The Status Quo won--no surprise there, as there was no other choice offered. The Imperial Presidency won, too, of course; anyone anywhere can still be assassinated by order of the Imperial President, regardless of their citizenship. Anyone can be labeled "an enemy of the State" and either liquidated (high fives all around!) or crushed by the Espionage Act (transparency is a crime), Patriot Act (dissent is also criminal), the NDAA, or maybe another Executive Order. The neofeudal Aristocracy also won, as vested interests were free to buy "free speech" in unlimited quantities. That means the bag of tricks to "save us from recession" is finally empty. The next recession will sink its teeth into the Savior State and all the protected fiefdoms and cartels with a vengeance built up by four years of "extend and pretend." The failure of "extend and pretend" and the Status Quo that sold it as the "fix" opens up the possibility that crisis will lead to real reform, the kind that requires a Constitutional Convention.

Two Rays Of Hope In A Collapsing Market 

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The Invisible Hand Is Not Restricted To The Gold Market

Eric De Groot at Eric De Groot - 9 minutes ago
The seeds of today's global equity market decline were sown in September. Just like gold, the next rally will begin once the invisible hand regains control of the trend from the weak hands. Watch the equity diffusion index move higher as stock prices fall (chart). This inverse relationship depicts a market building cause for the next rally while the crowd panics. Gold will... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

AB Transitions Test Investor's Skill Level

Eric De Groot at Eric De Groot - 1 hour ago
Kristian, Nearly all the actions of the invisible hand are designed to exploit emotional-decision making. The C-wave is coming. History forecasts that it will begin when the spec trading boxes and gold community is heavily positioned against it and Jim’s email box* fills up with messages titled “thanks for nothing loser!” in the subject line. The AB wave transition is all about... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 

Get Ready for Cheap Money 'Run Amok': Rogers

Eric De Groot at Eric De Groot - 2 hours ago
Normal 0 MicrosoftInternetExplorer4 Jim published a cartoon that encapsulated America's Election Day 2012 choice extremely well. /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; ... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 

Choosing Between Obama And Romney

Admin at Marc Faber Blog - 2 hours ago
"If you put a gun on my head and you said you must choose either Mr. Obama or Mr. Romney, I would say, please shoot." - *comment made during the presidential campaign* *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.* 

Video: Obama Win Is Not Good For The Country

Admin at Jim Rogers Blog - 2 hours ago
*Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.* 

US Economy: A Slowdown In 2013-2014

Admin at Jim Rogers Blog - 2 hours ago
America is going to have a slowdown in 2013-14, there will be fewer jobs, more unemployment and turmoil in oil and currency markets. - *in Economic Times* Related: SPDR SP 500 ETF (SPY), Technology SPDR ETF (XLK), SPDR Dow Jones Industrial Average ETF (DIA) *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.* 

Growing Number of Millionaires Doesn't Mean They're Prospering

Eric De Groot at Eric De Groot - 3 hours ago
The number of millionaires has rising from 4 to 5.1 million between 2008 and 2011. This suggests to some Americans that the rich must be prospering. I caution against reaching this conclusion. Unless those millionaires are properly hedged against currency devaluation, it's quite likely their standard of livings are dropping as well. One metric of currency devaluation is the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

AAPL Enters Bear Market

UPDATE: Within the first 90 minutes of the open, AAPL has traded down to under $564 - officially entering bear-market territory (down 3.4% today)... These are 5-month lows for AAPL
From the $705.07 jubilant highs on 9/21, the most widely held stock among hedge funds is sliding in the pre-market very close to its bear-market barrier. A 20% slide from those 'peak AAPL' levels is around $564, less than $10 away. For some this is the buying opportunity of a lifetime as those $1111 price targets and Apple TVs are far from 'priced in'; for others, every VWAP rip is now faded and orderly lines are being formed at the 'get me out of this' window... What was the alpha-generating master-of-the-universe-making stock in the last few years, is now the overweight, over-crowded, waiting-for-the-straw-on-the-camel's-back holding that managers love to hate as their bogeys drift and portfolios plunge. So much for buying high-beta to chase performance eh?

Quote Of The Day

  Comes from Angela Merkel:
It is unclear, for now, if Angela added that "the German state is too small."

Get'cher Dow 13K Hats Here...

Retirement-Off! The Dow just crossed back under the magical 13,000 level for the first time in two months...Having crossed this rubicon for the first time on Februray 21st, we can reflect on eight months well spent... and the sound of millions of retirees sifting through the 'Help Wanted' pages is deafening - as those 'young-people' that voted for change will continue to participate less in the workforce.

Greek Brothel To Sponsor Broke Elementary School

This is what complete social collapse looks like. First, the local Neo Nazi party has soared in the polls and is now the third most popular Greek party. Then, in lieu of other sources of capital, a local brothel became the head sponsor of a minor-league soccer club from Larissa. Now, the same brothel which appears to have seen a substantial return on its advertising spend, has decided to branch out. Straight into a local school. That's right: a whorehouse is advertising its "services" to children in an elementary school. In exchange for what? Money to purchase a Xerox machine and a library.

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Was That It For This Round Of The "Housing Recovery"?

In the seven weeks since Bernanke unleashed monetary policy hell on the world, much has been made of the 'housing recovery' and how his policy will help sustain this boomlet. Unfortunately, facts being those annoying things that they are, this is absolutely not the case. Aside from a one week knee-jerk ramp in refinancings - no doubt driven by every mortgage broker in the country dialing-for-dollars on the basis that Ben's-got-your-back - mortgage applications have fallen for five weeks in a row... We presume this merely means we need another moar unlimited QE - which given the fiscal cliff fiasco, is as likely as not. In fact, the next round of housing weakness, which is due imminently now that Obama has been reelected, will serve as the alibi the Fed needs to continue the unsterilized portion of Operation Twist 2 set to expire at the end of the year, and which as we explained, will mean that starting January 1, the Fed will monetize $85 billion/month in TSYs and MBS instead of just $40 billion in MBS.

Previewing Four More Years Of The Divided States Of America

Do not expect any changes to the trends of polarization and party non-conformists is the message from JPMorgan's CIO Michael Cembalest. As he explains moderates like Blue Dog Democrats and Rockefeller Republicans are now artifacts in the Natural History Museum, having given way to their more ideological offspring (through retirement or after having been beaten in primaries). If anything, Cembalest believes the House may become even more partisan after apparent losses by moderates in both parties. After a better than expected night for Democrats given Senate results, the fiscal cliff looms; With the status quo maintained, a divided government goes back to work to solve the Mutually Assured Fiscal Destruction problem. However, electoral results suggest the country is in no mood to address entitlement issues right now, will defer them to another day, and continue to shift towards a high-Federal debt economic model that bears some resemblance to Europe and Japan. In the 1950’s, the solution to 80% Federal debt was not taxation, austerity or inflation, but growth.

Obama Win Leads To Gold And Silver Jumping 2 And 3 Percent

Investors should prepare for rising prices and more expansionary monetary policy now that President Barack Obama has won re-election, investor Jim Rogers told CNBC on news of the election. The co-founder with George Soros of the Quantum Fund said he expected Obama’s policies to drive up commodities and drive down the U.S. dollar. As the Federal Reserve moves to ‘stimulate’ a stalled economy through debt purchases, Rogers says markets should expect the status quo to remain the same. “If Obama wins, it’s going to be more inflation, more money printing, more debt, more spending.” Rogers told CNBC, saying he expected to sell U.S. government debt and buy precious metals, such as silver and gold.  “It’s not going to be good for you me or anybody else.”

A Game Of Risk

This morning no one is marching in the streets, no coup is underway and the election process functioned. For that much at least; we give thanks. We will have twenty-fours hours of afterglow and self-congratulation and then we will return to a Democratic President with a Democratic Senate that will confront a Republican Congress and America’s fiscal cliff. The popular vote provides no mandate and the United States remains a deeply divided country. Just as our election on November 6 provided an end to a very long road so will the empty till of Athens and the severely declining revenues of Spain. Decisions will now have to be made. In both Greece and Spain it is a high stakes game of Risk where the “streets are alive” and not with “the sound of music.”

Mario Draghi Sends Risk Reeling After Exposing Bitter European Truth

It was shaping up like the perfect overnight ramp following yesterday's Goldilocks election result... and then Mario Draghi opened his mouth.

And so finally, after months and months of explaining the fundamental dichotomy in Europe (see here), it is finally becoming transparent. And it is as follow: Germany, which is the economic dynamo of Europe, needs a weaker EURUSD to keep its export economy running. Period, end of Story. The problem is that the lower the EURUSD, the greater the implied and perceived EUR redenomination risk, which in turns send the periphery reeling, and will force first Spain, and then everyone else to eventually demand (not request) a bailout.

"The Next Four Years" Bloomberg Cover

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Frontrunning: November 7

  • Obama Wins Re-election With Romney Defeated in Key States (Bloomberg, Reuters)
  • Romney's last, greatest 'turnaround' falls short (Reuters)
  • Control of Congress set to remain split (FT)
  • Republicans to Hold Most Governor Offices Since 2000 (Bloomberg)
  • Economic Unease Looms After Win (WSJ)
  • Storm-lashed New York, New Jersey scramble as weather threatens (Reuters)
  • Democrats Assured of Keeping U.S. Senate Majority (Bloomberg)
  • Greece to vote on austerity, protests intensify (Reuters)
  • France offers businesses €20bn tax break (FT) ... Wait, what?
  • Putin Fires Defense Chief in Rare Move (WSJ)
  • China premier Wen calls for deeper cooperation on disasters (China Daily)
  • China wrestles over democratic reform (FT)
  • Top-Performing Won Threatens to Hurt Korea Export Rebound (Bloomberg)

Goldman's Post-Mortem: "Congratulations Mr. President, We Are Cutting Q4 GDP To 1.5%"

Congratulations on the four more years, Mr. President. To celebrate, Goldman starts by cutting the Q4 GDP forecast from 1.9% to 1.5% (and let's not forget that the same Goldman is predicting a 15% drop in the S&P in the next two months to get the Fiscal Cliff deadlock to break).

Today’s Items:

The Chinese Credit Bubble
While government and consumer debt can be whatever China wants it to be, corporate debt, in keeping with Western-style reporting requirements, is far more difficult to obfuscate and falsify.    With corporate debt leveraged to 130% of GDP in 2011, it is one of the highest corporate leverage ratios in the world.    In fact, there is over-capacity in many corporate sectors; such as, solar energy,steel, and ship building.    Needless to say, this is not going to last for very much longer before it implodes.

The Gold Rush: Why are we Not Being Told the Truth?
Like the Mexicans, the Germans will most likely ever see their gold, being held by the New York Fed, ever again.    Is the US planning to nationalize gold hoards held in the US on behalf of foreign depositors?    It may be a strong possibility…    Assuming they have not sold that gold already to keep the gold price in check.    At any rate, the fact that the Swiss are planning to erect a parallel currency alongside the Swiss franc, that take the form of gold coins could be the final nail on fiat currencies around the world.

Fed Allowing Lehman-Type Blowup To Occur
James Turk states that the Fed is purposely allowing a Lehman-type blowup with their balance sheet.   In dealing with the take-down of paper gold and silver, he states that it was intended to have the maximum psychological effect; however, this paper manipulation only puts off the inevitable as it shakes gold and silver out of weak hands.   But importantly, gold and silver do not need Fed money printing to climb higher.   They are safe havens that do not have any counter-party risk because physical gold and physical silver are tangible assets.    With that in mind, after preparing, keep stacking physical.

Your Taxes Are Going Up 2% Next Year
On December 31st your tax bill will jump 2% starting with your first paycheck in 2013 and beyond.    The payroll tax holiday is over.    That’s right. Your two-year, 2% tax holiday will be over at the beginning of 2013.    Workers’ payroll tax contributions, which are used to pay for Social Security will return to 6.2% from the current 4.2%.    Of course, the easiest way for the government to steel your money is still through inflation.

Gunshot First Aid Kits
A gunshot wound is not a nasty cut, it is at its most basic, essentially a puncture wound. Make sure your first-aid preparations take this into account.

Preppers and Survivalists Owed An Apology
After the complete debacle that was the Federal, State, and local response to Hurricane Sandy, the news media, White House, and commentators that tried to lump all preppers and survivalists into a group of lunatics,  owe those who prepare for disasters, natural or man-made, an apology.   Will they get one?    Not with these waste-of-skins.

Proposition 37.
As Obama was re-elected again as the presidential puppet; Proposition 37, which requires GMO labeling of food, passed in California.   What can I say?   Barf!

Finally, please prepare now for the escalating economic and social unrest.    Good Day!

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