Monday, November 29, 2010

Morning Update/ Market Thread 11/29 – Morning After Pill…

Good Morning,

Equity futures are lower this morning, the morning after Ireland (or the cronies thereof) accepted an ill-gotten “rescue.” This “rescue” won’t benefit anyone but the central bankers, it’s nothing but a crime of the highest order - perpetrated not just on the people of Ireland, but also against the people of United States and much of Europe as well. The amount of interest they are paying is absurd, the actual interest rate is substantially higher than the touted 5.8% due to the finer terms of the agreement. Ridiculous, the Irish should have defaulted on the bonds that were the bankers problem in the first place, they should leave the European Union, and they should produce their own money without being indebted to the private bankers.

Meanwhile our bonds dropped like a stone, the dollar is higher with the euro substantially lower, oil and gold are slightly higher, while grain futures are soaring.

There are no economic reports today, just TWO POMOs to help cement the destruction of America. The Employment Situation Report this Friday will be the highlight of the week with quite a bit of data beginning tomorrow.

The markets for now have been moving in a sideway triangular formation which is easily seen on the 30 minute chart below:

SPX 1181 should provide support in the near term, but should that bottom boundary break, then as a triangle minimum the move should be worth about 18 points and will thus target about 1162, or as a pennant it would be worth about 50 points and therefore target roughly 1130ish. That would be interesting as 1129 is the top of wave 1 – probably not a coincident that it may target that area.

No violence yet on the Korean Peninsula as China offered to hold talks in December. That’s interesting, perhaps they are keeping their dog on a leash for now. Not sure if we’re bent on provoking a reaction or not, the events here are obviously important.

The Wikileaks document release is something. It is exposing the U.S. as the grand manipulators that we have unfortunately become. Of course the manipulators try to paint Assange as a rapist and as someone doing damage to real people… sorry, but he is simply shining light on cockroaches who are squirming because their actions cannot stand up in the light of day. Indeed it is weakening the U.S., not because of Wikileaks, but because we have an incompetent government who is doing evil work in support of the central banks. Of course our government tried to hack the Wikileaks site, then they release this nonsense pinning it on a “hacktivist for good,” LOL:
'Hacktivist for good' claims WikiLeaks takedown

(CNN) -- A computer hacker who calls himself "The Jester" claimed responsibility for the cyber attack which took down the WikiLeaks site Sunday, shortly before it started posting hundreds of thousands of classified U.S. diplomatic cables.

The Jester, who describes himself as a "hacktivist for good," said he took the controversial site down "for attempting to endanger the lives of our troops, 'other assets' & foreign relations."

He normally attacks Islamist websites, announcing "TANGO DOWN" on his Twitter account when claiming to have attacked a site. "Tango Down" is Special Forces jargon for having eliminated a terrorist.
Over the past few days, the Jester has targeted a handful of websites for reasons including "online incitement to cause young Muslims to carry out acts of violent jihad," "distributing jihadist instructional materials," and "for the online radicalization of young Muslims in US and Europe."

The Jester describes himself as "an ex-soldier with a rather famous unit, country purposely not specified."
"I was involved with supporting Special Forces, I have served in (and around) Afghanistan amongst other places," he told the website early this year.

The “Jester,” what a joke. This is obviously CIA and they are turning themselves into a joke along with the entire Administration. It’s quite sad to watch your country fall to this level. And as far as our Administration’s claims for potentially endangering people, why YES, it is our Administration who has placed many people in real danger with their actions and their brainwashing of the public.

Want to see another example of brainwashing? Here’s another CNN article from this morning telling us what energy hogs the Chinese are!

Why China is an energy consumption hog

NEW YORK ( -- Over the next 15 years China is expected to build the equivalent of New York City -- 10 times over.

That's a lot of concrete and steel, and it goes a long way to explaining why the country is using so much energy.

Roads, bridges, rail lines, skyscrapers and factories take tons of concrete, steel, chemicals and glass.

"They are building massive amounts of infrastructure," said Lynn Price, a scientist in the China Energy Group at Lawrence Berkeley National Laboratory, a U.S. Department of Energy research lab. "It takes incredible amounts of these energy-intensive commodities."

Earlier this year, the International Energy Agency said China surpassed the United States to become the world's largest consumer of energy. The news was somewhat surprising.

While China does have four times as many people, its economy is only a third the size. So where is all that energy going?

Statistics from the DOE show it is China's industrial production, not its 1.3 billion people, that is using all this fuel. Sure, the Chinese are driving more cars and using more electricity but that's a drop in the bucket, relatively speaking.

China's industrial sector accounts for over 70% of its total energy consumption. Meanwhile, the U.S. industrial sector accounts for just 33% of its energy consumption.

Okay, so who’s the energy hog? China has more than 4 times the population and produces FAR more actual goods than the U.S., yet uses about the same amount of energy! What’s really going on is that the U.S.’s GDP is the result of FINANCIAL ENGINEERING, it is FALSE. Yet we drive around in giant sized S.U.V.’s and F-350s producing little that’s real.

And while that is certainly not the most important news story of the weekend, it is important because it demonstrates the propaganda being disseminated here in the United States. We have become far better at warping people’s minds and perspectives than the Russians and Pravda ever were. Again, this deception originates at the central banks. They own and control the production of money, our politics, our markets, the military industrial complex, the media, everything – and it’s all false, based entirely on FRAUD. It started with the creation of the Federal Reserve Bank who is NOT “Federal,” they hold NO RESERVES, and they are not really even a BANK.

I know that’s a very negative world view, but one that I sadly believe to be reality. If we truly love the ideas and principles that our country is based upon, then we need to acknowledge those realities and set about fixing them. Investing in the “markets?” They are way too far gone for long term “investing,” they won’t be safe again until WHO controls them is changed. Get out the popcorn, it’s going to be quite a show from here on out.