Spain’s Secretary of State for Energy, Alberto Nadal, has signed a draft royal decree taxing energy derived from photoelectric cells. If they can’t derive taxes from utilities, what the hell – tax the sun. Next comes a tax on clean air to breath to live. They already tax food.

QUESTION: If Europe is imploding, general global economy slowing and there is a liquidity crunch, Why in heaven is the Fed going to start taper in september? Because of political pressure are they going to taper/rise rates and leave the Banks on their own with prop.trading? Has the Fed decided to really clean the system? Thank you […]

The banks are coming under tremendous pressure in respect to proprietary trading. The days of the merger of Commodity Trading that took over Saloman Brothers in 1981 by Philips Brothers (PhiBro) are coming to an end 31.4 years after they began. JP Morgan has announced it is exiting the commodity business which came 3 days […]

The Cyprus Bail-In seems to be coming in as 47.5%. Keep in mind that the loss is due to the banks holding debt from Greece that the EU promised would never happen. The entire European Banking System is at tremendous risk. Aside from the issue of proprietary trading that went sour as in New York, […]

“I prefer dangerous freedom to peaceful slavery” January 30th, 1787

Let me make something very clear. The USA routinely tortures people. The press simply will not report it as such because they are controlled. If they report anything the government does not like, the journalist is targeted by the IRS and any individual that does not do as Washington demands is dead meat. I personally […]

Interesting Article by Bruce Schneier, on how the Internet has been turned into a surveillance tool that becomes impossible to avoid. We do not use cookies – nor do we sell any names to anyone ever http://edition.cnn.com/2013/03/16/opinion/schneier-internet-surveillance

The first window we warned where a low in gold could form was June in the mid 1100 level. We reached that minimum target objective despite all the yelling and screaming about fiat, manipulations, and other nonsense. We are still not out of the woods on gold yet and the primary resistance zone going into […]

Obama’s replacement for Ben Bernanke as Chairman of the US Federal Reserve has been narrowed down to a two-horse race, between Larry Summers and Janet Yellen. Summers was Obama’s chief economic adviser in the aftermath of the sub-prime crisis and Treasury Secretary under President Clinton from 1999-2001. Janet Yellen is a former President of the Federal Reserve […]

President Obama is already posturing to raise taxes again. He is now calling for $1.6 trillion in tax increases. We are headed into a massive black hole and there is not much we are going to be able to do. These politicians are totally out in left field and we may actually see a government […]