
Turn Them Over: Feinstein Moves To Ban ALL Assault Rifles, High Capacity Magazines, and Pistol Grips
by Mac Slavo, SHTFPlan:

The agenda no longer needs to be hidden from public view. With President Obama winning another term and democrats taking control of the Senate, the move to fundamentally change America from within has begun – with a vengeance.
We’re all aware of the restrictive gun laws in the State of California which require low capacity magazines for handguns, fixed magazines for “assault” rifles, and a whole lot of running around just to be granted the right to carry a concealed firearm.
Now, Senator Dianne Feinstein (D-CA), who has championed gun control in her state for decades and co-wrote the original assault weapons ban enacted by the federal government in the 1990′s, wishes to bring even more stringent federal mandates to the land of the free.
Read More @ SHTFPlan.com
On Long-Term Fiscal Probity? Or Another 'Quick Fix'...

Colorado Legalizes Marijuana: Your Move Eric Holder

US Credit Euphoria Suggests More Caution Ahead

Credit markets have been bleeding wider recently but based on Credit Suisse's 'Risk Appetite Index', they remain high in Euphoria territory in the US. This is worryingly crowded on its own but the key point that they note is the divergence between US exuberance and the rest-of-the-world's far less sanguine view of credit. The risk-appetite spread between the two has been this wide two times before in recent years - July/August 2011 (which saw a major sell-off - debt ceiling) and April/May 2010 (another major sell-off - end of QE and flash-crash). As we noted earlier, equity market valuations are very much pinned to risky credit now and so this indicator is yet another canary-in-the-coalmine...
Your support is needed...
Thank You
I'm PayPal Verified
Greek Austerity Vote Passes
Just in case someone thought Greece would voluntarily vote to cut out the funding - any funding - of free money from the ECB, via ELA or otherwise, regardless if only 10% of said money actually makes it into Greek society, we have some bad news: the Greek parliament once again voted to impose austerity upon itself. This includes numerous Yay votes by deputes who had said previously they would vote against the measure.- SAMARAS HAS VOTES FOR GREEK AUSTERITY BILL
- FINAL VOTE: 153 FOR, 128 AGAINST, 18 ABSTAIN
- PASOK EXPEL 6 MEMBERS; ND EXPELS 1 MEMBER FOR VOTING AGAINST PARTY LINE
Biderman On Obama As The Worst 'Fiscal' President Ever

Mr. Obama Is A Disaster For Business
Admin at Marc Faber Blog - 2 hours ago
I am surprised with the reelection of Mr. Obama. The S&P is only down like
30 points. I would have thought that the market on his reelection should be
down at least 50%...I think Mr. Obama is a disaster for business and a
disaster for the United States. Not that Mr. Romney would be much better,
but the Republicans understand the problem of excessive debt better than
Mr. Obama who basically doesn't care about piling up debt. You also have in
the background Mr. Bernanke, who with artificially low interest rates
enables the debt to essentially escalate endlessly. - *in Bloomberg *
Rela... more »
Obama for another 4 years/student loans and car loans up again/bourses around the world plummet/
Harvey Organ at Harvey Organ's - The Daily Gold and Silver Report - 2 hours ago
Good evening Ladies and Gentlemen:
Gold closed down by 90 cents to $1713.20. Silver fell by 36 cents to $31.65. (comex closing time)
However in the access market:
gold: 1717.10
silver: $31.82
Europe initially was all green when this announcement stunned the investment community:
(courtesy Dow Jones newswires)
Stocks Slammed as Draghi Says Germany Slowing
November 07, 2012 9:48 AM
America Votes for National Suicide
Trader Dan at Trader Dan's Market Views - 6 hours ago

Those on the left who read my columns will of course take exception with
the title I have deliberately chosen, but that is and was a given. So let
me start this by saying that I believe their euphoria at having seen their
man win, will be short-lived, faced with the extreme problems facing this
nation and their utter lack of anything that remotely resembles a plan to
deal with them other than the usual class warfare tact of "soaking the
rich" further and further enlarging the size and scope of an increasingly
intrusive Federal Government.
I have written on this site repeatedly that ... more »
Scary Halloween Time
Richard Daughty, a.k.a., 'The Mogambo Guru' at Mogambo Guru Report! - 6 hours ago
Mogambo Guru
Scary Halloween Time
The horror of our economic situation is, for some weird reason, made even
more terrifying on Halloween, when the little darlings from the
neighborhood come to the door with their annual "Trick or Treat"
tomfoolery, knowing that it is going to cost me money.
I find that I can no longer frighten them away by popping up with the
usual scary masks, fangs, fake blood, or even screaming at them at the top
of my lungs, my face bent down to theirs, nose to nose, "You're going to
die! Die! ... more »
Obama's Re-Election Party Cut Short By Biggest Market Plunge In 1 Year

David Rosenberg: "Hope And A Prayer"
It is not going to be a new government that necessarily ushers in a whole new era of growth, prosperity and confidence. Even under the revered Ronald Reagan, the period of secular growth and bull market activity took two years to unfold — it didn't happen right away. It took the inflationary excesses to be wrung out of the system and concrete signs that the executive and legislative branches could work together to usher in true fiscal reform — and to get blue Democrats on board with reduced top marginal tax rates. Hope isn't generally a very useful strategy, but there is reason to be hopeful nonetheless. The critical issue is going to be how we get Washington to move back to the middle where it belongs. This requires bipartisanship which in turn requires leadership. Reagan's whole eight-year tenure in the 1980s occurred with the House being in Democrat hands the whole way through. Bill Clinton's second term coincided with both the House and Senate controlled by the Republicans.It can be done!
With this in mind, the best that can happen is a Reaganesque and Clintonesque return to compromise on the road to fiscal reform. It will be painful. We all know it will be painful.
Boehner's Bipartisan Fiscal Cliff Bluff - Live Webcast

In September Uncle Sam Continued To Hand Out Car And Student Loans Like A Drunken Sailor

Following one of the highest monthly jumps in consumer credit in August, the September data showed that following the drop in household savings to a multi-year low, consumers naturally retrenched, and had no choice but to pay down debt. As the just released G.19 confirmed, in September, households once again reduced their credit card debt, which declined by $2.9 billion to $852 billion. This was the fourth such decline in six months, confirming that at the discretionary level where banks have supervision over borrowings, the consumer is still nowhere near willing to relever. Where, there was leverage, a lot of it, was once again in the government sector, which funded $13.8 billion of the total $14.6 billion rise in NSA credit, and where non-revolving credit: read loans for Government Motors, at least those that have not been record channel stuffed (as reported previously) and Federal Student Loans, which are now over $1 trillion, rose by $14.3 billion in one month. Of course, the difference between revolving and non-revolving credit is that while banks expect the former to be paid off eventually, Uncle Sam has no such illusions on any low APR debt it hands out to anyone who asks for it (and if the proceeds from student loans are used to purchase iPads, so be it).
Time To Focus On 'Return Of Capital'

Charting The Great Stagnation Of American's Real Productivity

With Federal debt growing at the rate of $40,000 a second - not all that far from what a typical family earns in a year; with a debilitating dependency on the state all too elevated; and with any number of restraints to peace and progress not only unresolved, but utterly unresolvable under present conditions, is it any wonder that our nation has become entirely stagnant. As Sean Corrigan of Diapason Commodities notes in this simple chart - real net private product per capita has been dead for more than a decade - mirroring its poor showing during the inflationary disaster of forty years ago. Given the four-more-years of Bernanke, to expect a radical turnaround under such conditions (of monetary policy largesse and experimentation) would be to display as much naivety about the prospects for 'change' as did so many bien pensants four short years ago.
No comments:
Post a Comment