by Turd Ferguson, TF Metals Report:
Some say that everything you need to know you learned in kindergarten. I suppose that’s true to some extent. However, to fully understand the forces at play in Comex Digital Metal, it might be good to review some of the basic economics that are often taught in introductory Econ classes at your local college or university.
Let’s start with a chart. It doesn’t really matter which one and, in fact, I just chose this one at random. Below is a one-week chart of the stock of Coca-Cola. Note that KO had some ups and downs last week but was mostly sideways in a price range.
filed under Ignorant Sheeplez...
For the state to make war, it must convince the populace that killing other people is just and necessary. Many different rationalizations have cropped up over the millennia – from controlling resources to exterminating races to “fighting terrorism” – but murdering strangers requires a particular obedience to authority.
Fifty years ago, psychologist Stanley Milgram conducted the Milgram experiment, which measured the willingness of study participants to hurt others, even when it conflicts with their personal conscience, in the interest of obeying authority. The results, published in 1963, showed that a very high percentage of participants were willing to follow orders and cause serious injury to others.
Amid continuous bouts of bad press and slumping sales, fast food giant McDonald’s has put significant resources into revamping its brand. It has experimented with all-day breakfast, salad options, and various new additions to its menus all around the world, including chocolate drizzled fries. In its latest attempt to counteract bad publicity, McDonald’s announced this week that starting next year, its popular Quarter Pounder burger will be made with fresh beef.
This might leave some wondering what kind of beef they were using before. The restaurant chain was, like many major fast food companies, using frozen patties. According to a company press release, however, McDonald’s will now “serve fresh beef, prepared when ordered, in all Quarter Pounder burgers across the majority of its restaurants.” Hawaii and Alaska will not be included in the new program “because of the distance and the logistics involved in shipping there,” according to McDonald’s spokesperson Becca Hary.
Top news reporter Matt Drudge crashed the Michael Savage show this weekend to discuss the state of affairs in Washington D.C.
Drudge recently Tweeted his discontent with the Republican Party, going so far as to say that “Republicans lied about tax cuts” and that he wants his “vote back.”
On the Michael Savage show, Drudge doubled down on his frustrations:
Today, we need to share an urgent message with you from our longtime friend, Stansberry Research founder Porter Stansberry. If you’ve never heard of Porter, he’s known for doing some of the most significant work in the financial newsletter business.
What you’re about to read is deeply troubling—and there’s a good chance you won’t believe it. (Even Porter admits he thought it was another conspiracy theory at first.) But the fact is, right now, a secret civil war is being waged in Washington D.C.
Porter just received the terrifying details from one of his confidential sources—the “Metropolitan Man.” This man is one of the most powerful and connected men in the world… He pulls all the levers of power in Washington—completely behind closed doors. Here’s what you need to know…
The U.S. Central Command recently announced that troop numbers in Iraq and Syria will no longer be reported to the public. In its announcement, CENTCOM spokesman Army Col. John Thomas declared that “capabilities, not numbers,” should be the area of focus, and the public will be given general estimates of troop sizes in the future.
Jason Ditz of antiwar.com points out that the Obama administration was already less than forthcoming about the number of soldiers sent to these areas by utilizing a variety of tactics, including “deliberately omitting large numbers of troops from the official count by labeling them ‘temporary.’”
Have you ever thought about what comes after the bubble? In 2008 we got a short preview of what life will be like, but most Americans seem to have come to the conclusion that the last financial crisis was just a minor bump in the road toward endless economic prosperity. But of course the truth is that the ridiculously high debt-fueled standard of living that we are enjoying now is not sustainable, and after this bubble bursts it will be an extremely painful adjustment for our society.