Current Events-Babylonian stock market

http://www.usatoday.com/story/money/markets/2014/11/05/stocks-wednesday/18526425/

Wall Street investors are driving major market indexes higher Wednesday -- the Dow hitting a new all-time high -- after the Republican party secured control of the U.S. Senate for the first time in eight years on Tuesday.

This could only mean that the economy has recovered fully and we are back at full-strength. Phew, what a relief. 

Current Events-Babylonian elections

http://www.usatoday.com/story/opinion/2014/11/05/gop-republican-future-demographics-compromise-editorials-debates/18480863/

No doubt there is much celebrating among Republicans after having recaptured the Senate majority they lost in 2006, and rightly so. They won by fielding a generally solid and disciplined roster of candidates who were able to capitalize on President Obama's unpopularity and outperformed the expectations set by pre-election polls.

And now everything is set...the people will "re-like" Bo when he comes to the rescue probably after an event with a magnitude greater than 9-11 takes place...

Current Events-Heavenly bodies

http://g1.globo.com/mundo/noticia/2014/11/bola-de-fogo-e-vista-cruzando-ceu-do-japao.html

Um bola de fogo foi vista cruzando o céu do Japão na noite desta segunda-feira (2).

Current Events-International Economy

http://www.telegraph.co.uk/finance/economics/11200302/Japan-surprises-markets-with-more-quantitative-easing.html

The Bank of Japan has surprised markets by stepping up its stimulus programme in a bid to ward off the threat of deflation.

Members of the bank's policy setting board voted 5-4 to extend its already unprecedented target of expanding the monetary base by 60 to 70 trillion yen (£340bn to £394bn) a year.

http://www.infowars.com/its-currency-war-and-japan-has-fired-the-first-shot/

In a surprise move on Friday, the Bank of Japan dramatically increased the size of the quantitative easing program that it has been conducting.  This sent Japanese stocks soaring and the Japanese yen plunging.  The yen had already fallen by about 11 percent against the dollar over the last year before this announcement, and news of the BOJ’s surprise move caused the yen to collapse to a seven year low.  Essentially what the Bank of Japan has done is declare a currency war...

If you boost your exports by devaluing your currency, you take away business from someone else.  And ultimately other nations start devaluing their currencies in an attempt to stay competitive.  That is why they call it a currency war. 

It's already having an impact in surrounding economies as shares of auto makers Hyundai Motor and Kia Motors fell 5.9% and 5.6%, respectively, on Monday.

UPDATE 11/18/14

http://www.usatoday.com/story/news/world/2014/11/18/japan-tax-election/19209563/

Japanese Prime Minister Shinzo Abe said Tuesday he will postpone a controversial sales tax rise scheduled for next October and call a parliamentary election two years earlier than planned.The announcement was made at an executive meeting of Abe's Liberal Democratic Party and comes as Japan's economy recently slipped back into recession.

On Monday, Japan said its economy contracted at a real annual rate of 1.6% in July-September, a second straight quarterly decline that returned the country to recession.

Ever since the tsunami...Japan has been in a tough situation. 

Current Events-Cybertechnology

http://www.usatoday.com/story/tech/2014/11/03/nsa-director-internet-security-mike-rogers/18446729/

With regards to internet security...NSA Director Mike Rogers did say the U.S. is struggling to come to "a broad policy and legal consensus on how we deal with some of these issues. Is it going to take a crisis to wake us up?"

Now that HE mentioned it...it's highly possible...

Current Events-Bo's antics

http://www.usatoday.com/media/cinematic/video/18393341/

I kinda feel bad writing so much about AC but I find Bo's demeanor incredibly hilarious in these clips. He is absolutely incredulous over the sheeple thinking these mid-term elections will have any impact on that which has been pre-determined...

"I gave you relief administratively"....???

@:50....lol....he tries so hard not to laugh....

@1:09..."Tom Wolfe, good answer...you're paying attention"...sarcasm....another sign of condescension. I think Bo is truly upset over the fact these people want something other than him. LOL.

Current Events-The stock market

http://en.wikipedia.org/wiki/Stock_market_crash

A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth.

Generally speaking, crashes usually occur under the following conditions:^[1] a prolonged period of rising stock prices and excessive economic optimism....STOCKS HAVE BEEN RISING TO NEVER BEFORE LEVELS!

(2)a market where P/E ratios exceed long-term averages, CURRENTLY, ABOVE THE MEAN: http://www.multpl.com/

and (3)extensive use of margin debt and leverage by market participants....AS OF OCTOBER 31ST...IT, TOO, IS AT AN ALL TIME HIGH....http://www.hedgopia.com/margin-debt-stays-put-at-elevated-levels-october-may-look-different/

During severe financial crises, sometimes governments close banks. Depositors may be unable to withdraw their money for long periods, as was true in the United States in 1933 under the Emergency Banking Act. Withdrawals may be limited. Bank deposits may be involuntarily converted to government bonds or to a new currency of lesser value in foreign exchange.^[7]

During financial crises and even less severe situations, capital controls are often imposed to restrict or prohibit transferring or personally taking money, securities or other valuables out of a country. To end hyperinflations a new currency is typically issued. The old currency is often not worth exchanging for new.

Current Events-pandemic

http://www.infowars.com/cdc-to-purchase-1-4-million-surgical-gowns-as-ebola-concerns-grow/

“As best we can tell right now, it is quite possible that every major city will see at least a handful of cases,” David Relman, a professor of infectious disease, microbiology and immunology at Stanford University’s medical school, told the Associated Press.  

Current Events-National Economy

http://www.moneynews.com/MKTNewsIntl/stock-market-crash-warren-buffett-indicator/2014/10/03/id/598461/?dkt_nbr=ufos34vz&utm_source=taboola&utm_medium=referral

It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts.

“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."

Unfortunately Spitznagel isn’t alone.

“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.” 

Faber doesn’t hesitate to put the blame squarely on President Obama’s big-government policies and the Federal Reserve’s risky low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents — why should your parents be forced to speculate in stocks and in real estate and everything under the sun?”

Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total Market Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment. 

So with an inevitable crash looming, what are Main Street investors to do? One option is to sell all your stocks and stuff your money under the mattress, and another option is to risk everything and ride out the storm.

Oh yeah. Sound advice.

http://www.infowars.com/most-people-cannot-even-imagine-that-an-economic-collapse-is-coming/

This is an objective analysis of the state of the economy...which is DEBT BASED.

Without debt, very little economic activity happens.  We need mortgages to buy our homes, we need auto loans to buy our vehicles and we need our credit cards to do our shopping during the holiday season.

So where does all of that debt come from?

It comes from the banks.

In particular, the “too big to fail banks” are the heart of this debt-based system.  Without those banks we essentially do not have an economy.

Compared to five years ago, the four largest banks in the country are now almost 40 percent larger.  

Just before the financial crisis hit, Wells Fargo & Co. had $609 billion in assets. Now it has $1.4 trillion. Bank of America Corp. had $1.7 trillion in assets. That’s up to $2.1 trillion.

And the assets of JPMorgan Chase & Co., the nation’s biggest bank, have ballooned to $2.4 trillion from $1.8 trillion.

At the same time that those banks have been getting bigger, 1,400 smaller banks have completely disappeared from the banking industry.

That means that we are now more dependent on these gigantic banks than ever.

At this point, the five largest banks account for 42 percent of all loans in the United States, and the six largest banks account for 67 percentof all assets in our financial system.

If someone came along and zapped those banks out of existence, our economy would totally collapse overnight.

They have transformed Wall Street into the largest casino in the history of the world.  Most of the time, their bets pay off and they make lots of money.

The bets that I am most concerned about are known as “derivatives“. 

Current Events-National economy

http://money.cnn.com/2014/08/25/investing/sp-500-2000/

So much for the stock market rally coming to a screeching halt. TheS&P 500 surpassed the 2,000 level for the first time ever on Monday morning -- but it failed to finish the day above the 2K mark. It closed a hair under 1,998.

This article was written on 8/3/14....as of today, 11/2/14, the S&P is @2018.05

http://www.dailymail.co.uk/news/article-2676617/Stocks-rise-surveys-stronger-manufacturing.html

The Dow Jones industrial average climbed within two points of 17,000 for the first time after separate surveys showed that manufacturing expanded in China and the U.S., the world's two biggest economies. 

This article was written on 7/1/14...as of today, 11/2/14....it is currently @ 17,390.52

So the market is breaking records...and QE has just been stopped....what happens next remains to be seen...

Current Events-The AC

http://www.usatoday.com/story/news/politics/2014/11/02/obama-2014-senate-campaign-detroit-wayne-state/18368179/

While Obama's Democrats struggle to keep control of the U.S. Senate — a battle with profound implications for his last two years in office — the president has been relatively absent from the campaign trail.

Probably because he knows something we don't...






Body language says it all....LOL...Bo is like...."alright, alright, I'll ENDORSE this fool, make his day, just go along with the flow...."

After all....he has been bypassing congress left and right with his E.O's....why would he care what happens in congress?

http://www.politico.com/magazine/story/2014/11/obama-reboot-112432_full.html#.VFefE_nF-Sp

"Then again, just as Bush seemed to be regaining his footing, the economy collapsed."

Which hints at the fact SOMETHING TOO WILL HAPPEN on Bo's watch....perhaps something bigger than an economic collapse....AN ECONOMIC DISASTER! 

"Obama, for so long the man with the bright future, has hated being relegated to a sidelined pariah in the midterms—even if it is the inevitable lot of a second-termer with approval ratings hovering in the low 40s—according to a dozen current and former Obama advisers we spoke with in recent days."

Yea, because he loves attention, but unlikely because he knows his WORLD PRESIDENCY is guaranteed.

"He both resents the narrative that he’s basically irrelevant and doesn’t much relish the fact that many of his longest-serving staffers, the remnant core of his once-buzzing and brash White House, are strapping themselves to ejector seats. More than anything, Obama’s loathing for Washington, an attitude that reads as ennui to outsiders, has hardened into a sullen resignation at being trapped in a broken system he failed to change, advisers told us."

He "loathes" Washington, and the US alright...so much so that he is willing to destroy them...from within. Bo's attitude doesn't surprise me really. He is an anti-american leader who could care less about Congress. He just has to go with the flow so that he doesn't seem too obvious. Imagine a president who did NO CAMPAIGNING during mid-term elections...it woud mean he certainly knew things the rest of us don't....things we could only speculate about....

Yet he continues to pass legislation while bypassing congress...

“I sense a certain fatalism there, and it’s disturbing,” says a former adviser on Obama’s campaign who, like many others we talked with for this story, requested anonymity. “There’s a sense that ‘I’ve tried everything, and look where it got me.’ People misread it as disengagement. It’s frustration. But who cares?"

Maybe he is indifferent...but Im betting it's because he knows what's gonna happen next....

Current Events-Universalism

http://www.usatoday.com/story/news/nation/2014/11/01/pope-francis-catholics-americans-culture/18263293/

Pope Francis agitates conservative U.S. Catholics....

He has to appeal to a larger, more secular audience in order to "unite all as one..."