Archive for August, 2007
U.S. FEDERAL RESERVE EMERGENCY INTERVENTION
August 17th, 2007Just a couple of hours before this news broke, I wrote: Cheap yen have been greasing the rails for years now. With that stuff going home… The three words that came to my mind were: global liquidity crisis But maybe not. There are lots of black ops bankers out there with who-knows-what funny money mechanisms […]
Homeland Security Enlists Clergy to Quell Public Unrest if Martial Law Ever Declared
August 17th, 2007Yes, friends, the concentration camps represent the path to salvation. Praise the Lord! Via: ksla: Could martial law ever become a reality in America? Some fear any nuclear, biological or chemical attack on U.S. soil might trigger just that. KSLA News 12 has discovered that the clergy would help the government with potentially their biggest […]
Behavior Detection Officers in U.S. Airports
August 17th, 2007Facecrime and passports required for domestic travel… Would you like to supersize your freedom fries? Via: msnbc: It was bound to happen. Now even a frown or grimace can get you into trouble with The Man. “Specially trained security personnel†will be watching passengers for “micro-expressions†that will reveal treacherous agendas and insidious intentions at […]
TOKYO: NIKKEI 225 DROPS 5.4%
August 17th, 2007Via: CNN: Japanese shares closed sharply lower on Friday, with the benchmark Nikkei index posting its biggest single-day point decline since April 2000 as the sharp rise in the yen hit exporters, aggravating concerns about a tightening global credit market. Worries about a global credit crisis accelerated the unwinding of yen carry trades, resulting in […]
Citizens of States That Rejected RealID: Passports May be Required for Domestic Flights, Visiting National Parks
August 17th, 2007Via: CNN: Americans may need passports to board domestic flights or to picnic in a national park next year if they live in one of the states defying the federal Real ID Act. The act, signed in 2005 as part of an emergency military spending and tsunami relief bill, aims to weave driver’s licenses and […]
Pentagon Paid $998,798 to Ship Two 19-Cent Washers
August 16th, 2007Via: Bloomberg: A small South Carolina parts supplier collected about $20.5 million over six years from the Pentagon for fraudulent shipping costs, including $998,798 for sending two 19-cent washers to an Army base in Texas, U.S. officials said. The company also billed and was paid $455,009 to ship three machine screws costing $1.31 each to […]
Wall Street Pulls Off Stunning, Late Comeback
August 16th, 2007The article calls “bargain hunters” on this rally. HA Yeah, bargain hunters all got together and waited until the last hour to act together… Sure. Computers can print credit really fast, which allows the plunge protection team firms to simply buy index futures, which causes the tide to raise all ships. Or, this is a […]
Anyone Watching the USD/JPY Action Tonight?
August 16th, 2007Holy sheeeeeeeeeeeiiiiiiiiiiiiit. Hats off to USD/JPY shorts tonight. Via: Bloomberg: The yen rallied to its highest since 2006 against the dollar as investors fled carry trades after global stocks fell and companies in Australia and Canada sought emergency funds because they were unable to refinance debt. The yen rose against all currencies bar the Brazilian […]
COUNTRYWIDE FINANCIAL: LARGEST U.S. MORTGAGE LENDER MAY FILE FOR BANKRUPTCY
August 16th, 2007Via: Bloomberg: Countrywide Financial Corp., the biggest U.S. mortgage lender, fell 13 percent, the most since the 1987 stock-market crash, after Merrill Lynch & Co. raised the possibility of bankruptcy. “Effective insolvency” would result if creditors force Countrywide to sell assets at depressed prices or investors lose confidence in its ability to raise cash, Kenneth […]
U.S. to Expand Domestic Use of Spy Satellites
August 16th, 2007Pigs in Spaaaaaaaaaaace… Via: Wall Street Journal: The U.S.’s top intelligence official has greatly expanded the range of federal and local authorities who can get access to information from the nation’s vast network of spy satellites in the U.S. The decision, made three months ago by Director of National Intelligence Michael McConnell, places for the […]
