We are still in inflate of die central bank policies
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OFF TOPIC: BIG BROTHER IS WATCHING YOU.
http://www.activistpost.com/2014/09/nationwide-biometric-database-goes-live.html
As suspected, what began as a border control initiative has now expanded to include everyone.
As the video report below highlights, this billion-dollar program was spearheaded by Lockheed Martin, and will invariably include images of even non-suspects in one great sweeping dragnet of digital surveillance. The fact that Lockheed Martin was involved in developing the program should signal heightened concern given their integral role in drone technology. As this database is being rolled out, drones are set to take to American skies in much greater numbers by 2015. One of the latest military-grade systems can now scan 36 million faces per second, or every face in the U.S. within 10 seconds. It is a technology that has trickled down from use in war zones like Afghanistan. The merger between this FBI database and drone technology would be the next logical step.
P.s. I saw my third drone a couple of days ago.
How many have you guys spotted?
P.P.S. Is it OK to be paranoid if you really are being watched?
Thanks CFS – Finger-printing is so twentieth century, like when I go visit a guy in prison and the machine can’t properly identify me. The whirls of my index finger seem to have worn down that they have to go back to old fashioned principles like asking me my name, etc. Ah bring back the good ol’ days, ‘cos yes like you I’m getting more paranoid.
Peace to all!
Unfortunately, that (paranoid) might not be all that bad!
I have never seen a drone nor do I ever expect to. If you have seen three drones already then may be the government is after you.
The local airport is one of the two major airports which are home for drones. I never see them first, just hear and then look.
My shrink says that it really is okay!
Even if I wanted to make up a fsalsehood, I would be out-performed by the truth!
http://investmentwatchblog.com/uniformed-us-soldier-caught-smuggling-illegal-aliens-into-texas/
meanwhile from a newspaper of record:
http://nypost.com/2014/09/15/benghazi-documents-scrubbed-to-protect-hillary-former-official/
I have heard that one before!
How is the valley?
It swas dry as a bone………Thank goodness for automatic sprinklers and drips
The Fed continues to masterfully play the game of shaping market expectations and then surprising the market with more dovish outcomes. If you look at prior episodes of QE, the market has undergone sizable corrections each time policy accommodation has been removed. With the final $15B taper due in October, the market would presumably have been expecting a similar correction at the conclusion of this QE. This time around, however, the Fed has attempted to get the market to anticipate a much more hawkish scenario with the introduction of a potential rate increase (and discontinuation of QE) while still conducting its asset purchases. In doing so, the Fed is once again positioned to surprise the market with a more dovish stance once they back away from any rate increase. With the recent rise in the USD, the correction in commodity prices, and the deceleration in employment and housing data, the Fed now has ample cover to push expectations for a rate increase back again. By doing so, the Fed is hoping that the market will continue to position for more dovish policy in the future even while current policy accommodation is being removed.
Thanks Peter
Pretty smart Chris. Those were insightful comments and I think you are correct that a dollar soaring too high for too long would send a negative signal that we were again embarking on a deflation path. We will just have to watch and see how the dollar moves as this may be a short term anomaly. The business cycle is still intact though. I do not know how much any body can push it off its track as should be clear by the posts I left on the commodity cycle yesterday.
Off-message re the Scottish vote: looks like the ‘No’ vote will win on Thursday, given that Betfair is already paying out to the No punters. It’s rare for the bookies to get it wrong; rarer still to pay out ahead of time.
That said, while personally relieved like the huge majority living south of the border, four of our main political No campaigners have promised a hastily prepared ‘Devo (lution) Max’ list of devolved responsibilities to be given to the Scots. But not only do these bribes look ill-prepared, vague and panic-driven, the likelihood is that they will NOT be delivered. After all when you’ve got former PM Gordon Brown involved (sold 400 tons of Britain’s gold for a knock-down price), Ed Milliband who some will never forgive for stealing power from his brother over the leadership of the Labour Party, Nick Clegg who reneged on his promise to abolish student fees, and then PM Cameron breaking his pledge over an E.U referendum, this Scottish vote ain’t going to go away. For in the event of a No vote, however strident and of promises not delivered, the Yes campaigners will live to fight another day, and in all likelihood greatly empowered.
Scotland for the Scots….England for the millions of immigrants, legal & illegal ,
England for the genetically diluted English.
England for the crooks (bankers) in the city of London…Known as the square mile.
England for all the uncaring politicians who are scared of loosing their cushy lifestyles.
& last but not least Wales for the sheep………There fixed it…………
Sheep!
Common Mr. Irish we have kids coming to this site!
Thanks for your insights, Rev
John Embry’s piece of interest, especially the last paragraph.
John always has a great last line……………..matter of fact , you can just skip most of what he says and go to the last paragraph….saves a lot of time……………ootb
Re: Embry’s penultimate paragraph. It would not surprise me if China was the long with deep pockets.
penultimate……….now there is a word you do not use every day.
I wish we could change the results of the penultimate Mariners game!
second to the last paragraph, should be rewritten, to assure your desired wishes….
I always think it is more precise than “second to last paragraph”…..because where is the first to last paragraph?
the professor is always thinking…………
That is what I think!
John Embry is one of my favorite. He is not very precise in his predictions but I believe in his commitment. If you ask me who I trust, I can only give you John Embry. He is a very sincere father figure. Unfortunately he is old.
Frank Homes views of Scottish vote and its implications – last minute or so:
Is it possible rates could be cut?
At the moment:
Dow up 110; Gold up $5; Dollar up 0.15. Who’d thunk it possible?