Loading ...JPM got caught, again. They will get another slap on the hand and continue on their merry way.
nothing will change.
rno
music lover
my email has not changed – I was wrong – I apologize
March 2007
Freighter
(Mr.Copper) Mar 09, 10:49
Re higher rates: Your “It’s the only way to get ahead of inflation.” “Still a ways off, but history rhymes.”
I believe the 21% rates was a HUGE mistake, totally wrong approach, (obvious by ’01) and was an emergency stopgap measure. They were losing it, and had to “cheat” or “fake it in”.
Like when you’re trying to get a part thru the inspection dept, and it’s out of tolerance. Risky business if it’s an aircraft part.
What they did was much worse than cheating on an aircraft part. Twenty-seven years ago was a blip in time regarding the US economy.
History is out the window imo. This is a new mutant strain they created and are dealing with. The cheating has caught up to them.
Even I would have a problem straightening THIS mess out. 🙂 🙂
goldielocks @ 13:40 MMS & Ebola
The MMS ‘chlorine dioxide’ works, if I recall correctly, on the principle that the body tissues are normally slightly alkaline, and any infection becomes acidic. That’s what it attacks. It carries a strong ionic charge that literally ‘explodes’ on contact with an infected cell and oxidizes any pathogens. Once it does that, there is still more… The breakdown component is chloric acid which is taken up by the white blood cells and is used by their natural killer mechanism to attack infection even further. So the MMS attacks infection directly, and then turbo-charges your own immune system even further.
I can testify that it works amazingly well against a flu infection… especially if you catch it early. I also had Tamiflu once, which worked fairly well, But the MMS was far faster and stronger in squashing the flu virus literally overnight for me.
MMS is the first thing I reach for if I feel like a virus coming on.
old-timer @ 13:12 Theatre Car
The “Fox River” theatre car was named for the Fox River valley in Wisconsin, where the C&NW line went up the east side of the state. This is the car that ‘sold’ a railroad… literally!
The Chicago & NorthWestern ran streamliner passenger service between Chicago and Minneapolis, in competition with the Milwaukee Road “Hiawatha” passenger service along a different route. The two roads agreed not to compete on time schedules, and the timetable schedules of both railroads were fixed at 400 minutes, end-to-end. So the C&NW named their premier streamliner “The 400”. (Later they began calling all their other branch passenger trains by the “400” moniker also.) Well, the “400” passenger service on the C&NW died sometime in the 1960s.
Forward to the mid-1980s and the C&NW could read the writing on the wall of rail mergers and reduced profitability. They decided to put together a fancy “business train” to market the railroad, and painted it up like the old 400 streamliners. The locomotives were numbered 400 and up, and all the passenger cars carried 400-series numbers.
http://www.railpictures.net/viewphoto.php?id=327552
The “Fox River” theatre car was specially built for this business train to market the railroad to other railroad executives… most notably to the Union Pacific railroad. The C&NW spent the next few years wooing the UP for a buyout, and carting their corporate people all over the C&NW rails and coverage areas to market the railroad for a buyout/merger.
http://www.railpictures.net/viewphoto.php?id=165376
Finally, in April, 1995, about a year after the above image, the C&NW was bought out and completely absorbed into the Union Pacific railroad. Apparently the UP liked the ‘Fox Valley’ theatre car so much that they kept it for their own business & inspection fleet, and today it wears UP colors.
Richard640 @ 18:19
re: JPM being busted for fraud by the CFTC.
That’s an amazing development. Maybe the monolith isn’t so powerful or united after all.
Say … where did you find that one?
This version of wordpress is very link friendly. You just have to copy and paste it into your post.
Cheers
@ Maddog re 13:43
Thanks for the comeback. Regarding your part….
“Apart from a brief hiatus while Communism was around”
Comment:
Huh? I’m sure you did not mean that. Communism is bigger than ever these days. North Vietnam took back S Vietnam, and the USA got shotgun weddinged or allied to communist China and communist Russia. So even the USA is a little tainted.
The only ones enjoying capitalism (unfettered business activity) are the big global banking and big global corporations that do as they please across international borders.
This would explain why Obama is saying things like asking for corporate patriotism, and telling corporations to stop complaining. I strongly suspect all the elected representatives of most countries got DUPED into going along the globalization agenda. Good for global business, and good for global leftist socialist interests.
Taking wealth from the rich countries and giving it to poor countries (and big business) works until they ran out of money in the rich countries, like now.
Now, without a well off tax PAYING middle class, various politicians and other tax absorbers, in many countries are having various deficit and food stamp etc problems because of that. They now realize in the once wealthy countries, big business is not their country’s friend. (big corporations the cat that swallowed the canary)
Ororeef @ 16:33. You indicated the other day that your youth occurred a few decades back.
Wisdom gained over the years shows up, in my opinion, in the message you posted at 16:33. I liked that message, and agree that promotion of trade, not provocation of military confrontations, should be the preferred goal. Have a pleasant day. Equiz.
More fear, they never stop
New York City Hospital Quarantines Man With Ebola-Like Symptoms Who Walked Into ER
Submitted by Tyler Durden on 08/04/2014 15:58 -0400
UPDATE (via Mt.Sinai Press Conference):As CBS reports,
A patient at Mount Sinai hospital is being tested after traveling to a country where the Ebola virus is present, the hospital said in a statement.
The man arrived at Mount Sinai’s emergency room early Monday morning with high fever and gastrointestinal symptoms.
The man told doctors he had recently traveled to a West African country where Ebola is present, the hospital said.
The man has been placed in “strict isolation” and is undergoing various tests to determine the cause of the symptoms, the hospital said.
All appropriate steps to keep patients, staff and visitors safe are being taken, the hospital said.
Let’s hope we do not start adding to this…
http://www.zerohedge.com/news/2014-08-04/new-york-hospital-testing-sick-patient-ebola-abc-reports
From Don Wolanchuk
abc contertrend rally ended today ……it allways looks like this at the turn….unfortunately its impossible to say with a high degree of confidence…..overall …higher prices are coming but the 200 day may just might have to be visited foist
seems like the 4 year cycle low is being marked with the kind of fear we saw at the cycle low of august 1982the dow is above the red line and hulbert comes on
cnbc declaring it a bear market with much lower to go…..whoda thunk it after 10 k up
Ipso, R640
Ipso – thanks for the ANV earnings, seems the shares are stabilizing right now.
R640 – I had the same problem with the Login/remember me thing. I restarted the computer a few times and then one day and it worked. Now I’m logged in whether I like it or not. 🙂
Watching the movie “Lone Survivor” now, so will be out for a bit. Have the real scoop about the guys sent on the mission, nothing fancy but according to my sources these guys were good team guys but were SDV (swimmer delivery vehicle) specialists who wanted to go on an Afghanistan mission to prove themselves – but that was not their specialty, so when things went bad, well they went really bad.
Enjoy your evenings and keep posting at Oasis!
JP Morgan has finally been caught and sanctioned for playing games with its position reporting in gold and silver in order to hide the true magnitude of its unhedged short positions on the Comex
August 4, 2014
The CFTC Commitment Of Trader Data Is Rigged After All
Myself and few others – primarily GATA – have been suggesting for quite some time that contract open interest data the CME reports for the Comex is rigged. While certain newsletter peddlers adamantly maintain the reports are accurate and honest in order to preserve their franchise, there’s nothing like a the CFTC imposing a fine on JP Morgan for fraudulently reporting “large trader” data:CFTC Charges JP Morgan With Reporting Fraud.
JP Morgan has finally been caught and sanctioned for playing games with its position reporting in gold and silver in order to hide the true magnitude of its unhedged short positions on the Comex. That JP Morgan does this is obvious to anyone who has spent several years studying and trading the Comex.
After all, how are the CFTC’s COT reports compiled? They come from big banks who are the primary Comex market-makers, of course. There’s no independent audit of the numbers and reports sourced from the banks and submitted to the CME and the CFTC. It’s a “trust us” job – wink wink.
IF JP Morgan et al were to be honestly and accurately reporting the data published by the CME and CFTC, it would be the ONLY area of their financial reporting that is not completely engulfed with fraud.
Anyone who chooses to believe otherwise either has ulterior motives – like making a lot of money selling newsletters – or still believes in Santa Claus.
Bill Holter
Will We Kick The Table Over?
I think that it is becoming very clear that we are headed over a cliff in every way imaginable. All you need to do is look around, we are at the edge economically, financially, socially, geopolitically and morally. Let me help you “look around” at where I think we are.
Just this past week alone we were told that we had “solid” unemployment numbers with a job gain of 209,000. Really? When you break the numbers down it turns out that “older” workers are working harder than ever as evidenced by more elderly workers in the workforce than ever before. The age group of 25-54 LOST 142,000 during July, is this “growth?” Argentina defaulted and JP Morgan is buying their bonds because it seems that they may have sold a few CDS (credit default swaps) and may be on the hook for a few billion dollars. Manufacturing and construction spending numbers in the U.S. were dismal at the same time we were told that the economy grew by 4%.
Please understand that this “4%” number was calculated with less than a 2% inflation assumption, is there anybody out there that is experiencing less than 5% inflation much less more like 8-10%? It seems to me that our economic numbers are being made up as we go, a perfect example is this. New orders which in reality were the lowest of the year were “seasonally adjusted” and then reported as the highest of the year. Isn’t this the type of stuff that Russia and China did in years gone by?
The U.S. is engineering itself into a quarantined corner with sanctions on Russia and fines to large foreign institutions. What really struck a chord with me was a story that Germany is in secret talks with Russia to ratify the Crimean annexation in exchange for a long term natural gas guarantee. This is not confirmed news but it does make sense, perfect sense. The U.S. has spied on Germany including their President Angela Merkel. We are in the process of fining both Commerzbank and Deutsche Bank. The Fed even wants their own regulators inside of DB. And don’t forget, we “owe” some pretty big tonnage of gold to Germany that we are “dragging our feet” on for some reason …but it couldn’t be because the gold is gone, could it? Ask yourself, what happens to all of Europe were Germany to turn their back on the U.S.? Europe will be an overnight domino chain that shuns the dollar. By the way, Russia and India are now in talks to settle their direct trade in rubles and rupees with the dollar nowhere to be seen.
The “old world order” is crumbling. Just look at what is going on between the U.S. and Israel. We are now publicly scolding what was not long ago our most staunch ally on the planet. Israel’s largest TV station is sticking by a story they broke that President Obama and Mr. Netanyahu had a conversation where Israel basically defied the U.S. Both Israel and The White House have denied this but it certainly “smells” very true to me. Even if not true, Bibi Netanyahu one day later publicly told the U.S. and I quote, “Do not ever second guess me again,” can you ever imagine an Israeli Prime Minister saying this? Another past ally, Turkey has turned their back on the U.S. and just loaded their 5th supertanker with Kurdish oil which will almost certainly be sold and settled without dollars. The icing on the geopolitical cake this past week was India not agreeing to the WTO trade deal and letting the deadline pass without signing. We are fast becoming a political pariah and one that from a business standpoint, no one trusts anymore.
Over the past two to three weeks, more and more stories are surfacing that the U.S. plans some sort of “first strike” in a nuclear fashion. If true, I can only say that the psychopaths who are running the show are more insane than I have given them credit for. I do understand it however. The economy is crumbling and the “mindset” of the public is a growing disbelief. I think that the average Joe out there is looking at what is happening with our border situation and sees that it’s not a “mistake” or an honest error which has him questioning other topics. The problem is that “average Joe” is beginning to connect some of the dots and in my opinion will need some “distraction” to disrupt the process.
Ororeef @ 16:33 on
This whole policy of encircling and threatening Russia really ticks me off. It’s pointless and dangerous and the only beneficiaries are those who make profits from the military. We’ve got our southern border wide open for any enemy to come in and we’re too busy causing trouble in Eurasia to deal with it. Grrrrrrr!
Amazing Contrast Foreign Policy and Negotiating
Reagan and Gorby , Nixon & Chou En Lai two successful US Negotiators Both well respected by their counterparts.
Reagan defeated Russia economically but made them a friend. Nixon divided the two big Communists country’s and opened up China (the China Card)
Contrast that with Carter Iranian Hostage negotiations , that Reagan had to fix… Obama, Putin failures .Obama managed to make an enemy from a friend Russia tried to help by warning of Boston Bombing O,simply brushed him aside….Russia was our ally in WW2 ,now Obama makes him an enemy along with Germany our friend that we SPY on !….everything is upside down….this failure pushed Germany and Russia together against USA colossal Foreign policy failure ! He should be making Russia a friend and bring them into the European group.or better yet Russia US England. We need someone to export to, Russia would be ideal for consumer goods…Food,Frozen Chickens,Pigs,Farm Equipment,auto,oil services,Fracking,Gas LNG facilities.WE should trade with Russia ans stop this Political nonsense.
Ororeef 15:53
More like totally out if touch with reality like his comments Muslims being the fabric of America. Yeah they landed on the Mayflower.
Ororeef
It’s the Media you need to change…….The Dems could select a cabbage and the Media would portray it as the smartest person in the room. The GOP could select Einstein and the Media would portray him as a moron .
Ororeef
Yep like rewarding people who screws up things to other people. But that’s the kinda office we have now with these lifer politicians till enough wake up and boot them out and same going on with illegals who say while pulling out their food stamps ha ha you have a weak gov and theirs nothing you can do about it. All we have to do is stop our feet and get mad. Such BS in every direction. Although different the outcome the same, the demise of our children’s future.
No experience at Managing and Negotiating
The same comparisons between Carter and Obama can be made throughout both administrations .The only difference is Obama says the reason he’s so disrespected is because of discrimination ..that’s just a cover up for his appeasement failures.American people elected him didn’t they ! He should have been a one term er ….Both Carter & Obama breed disrespect because they are both appeasers , terrible managers and inept negotiators.
The qualities our next President needs to have are be a good Manager & negotiator …Reagan was both…..
One of Biggest Flip Flops of all Time=FDA Reverses Its Position on Daily Aspiri
http://articles.mercola.com/sites/articles/archive/2014/08/04/daily-aspirin-side-effects.aspxFDA Reverses Its Position on Daily Aspirin
By Dr. Mercola
If you haven’t had a heart attack, step away from the aspirin bottle… If you are one of the 40 million Americans who take an aspirin every day, you may want to heed the latest warning from the US Food and Drug Administration (FDA).
After many decades of promoting aspirin, the FDA now says that if you have not experienced a heart problem, you should not be taking a daily aspirin—even if you have a family history of heart disease. This represents a significant departure from FDA’s prior position on aspirin for the prevention of heart attacks.
On its website, the FDA now says:1, 2
“FDA has concluded that the data do not support the use of aspirin as a preventive medication by people who have not had a heart attack, stroke or cardiovascular problems, a use that is called ‘primary prevention.’ In such people, the benefit has not been established but risks — such as dangerous bleeding into the brain or stomach — are still present.”
Their announcement was prompted by Bayer’s request to change its aspirin label to indicate it can help prevent heart attacks in healthy individuals. Aspirin generated $1.27 billion in sales for Bayer last year,3 and from Bayer’s request, it appears they want everyone to be taking their drug.
But the FDA says “not so fast”—and rightly so. Evidence in support of using aspirin preventatively has gone from weak to weaker to nonexistent. This is why I’ve been advising against it for more than a decade. It looks as though aspirin, even “low-dose aspirin” (LDA), may do far more harm than good.
In fact, it is debatable whether or not aspirin has ANY protective benefits against cardiovascular disease, even if you have suffered a heart attack or stroke. Recent scientific studies have uncovered a number of serious side effects, suggesting that whatever aspirin may offer may be overshadowed by its risks, especially when safer natural alternatives exist.
As is true for nearly all medications, the longer we watch for side effects, the more we tend to find—even for drugs like aspirin that have been around for more than 100 years. Just because aspirin is an over-the-counter drug and has been around for more than a century does not mean that it’s harmless.
Aspirin May Conceal a Cardiac Event in Progress
Roughly 800,000 Americans die from cardiovascular disease annually, which includes heart attacks and stroke. This is why heart health has been such a major focus, and why aspirin was hailed as a “wonder drug” by those who believed it was a safe and effective preventative. But that ship has sailed.
Nearly 10 years ago, Dr. John G. F. Cleland, a cardiologist from the University of Hull in the UK, wrote an excellent article published in the British Journal of Medicine4 casting doubt upon the efficacy of aspirin therapy for prevention of heart attacks.
Based on a series of meta-analyses from the Antithrombotic Trialists’ Collaboration,5 which is an enormous body of research following more than 100,000 patients at high risk for cardiac events, Dr. Cleland concluded that aspirin therapy was not saving lives. Rather, aspirin seems to change the way vascular events present themselves.
The number of non-fatal events may be reduced, but the number of sudden deaths is actually increased, because what most physicians don’t realize is that surprisingly aspirin can mask a cardiac event in progress.
Dr. Cleland also found that studies touting aspirin’s benefits are seriously flawed and interpretation of those studies is biased. Since Cleland’s original study, a deluge of scientific studies have further exposed aspirin’s failure, which I have summarized in the next few sections.
Studies Show Aspirin Is a Dismal Failure at Preventing Heart Attacks
The following table lists, chronologically, a sampling of studies showing that taking aspirin may do more harm than good. Regardless of whether you’re a man, woman, or diabetic, aspirin has failed miserably. This list of studies is not comprehensive. You will find much more information in the GreenMedInfo database, which lists more than 60 articles about aspirin’s toxic effects.6
Study Significant Cardiovascular Findings
American Heart Journal 2004 (WASH) Patients receiving aspirin treatment showed the worst cardiac outcomes, especially heart failure
New England Journal of Medicine —-Ten-year study at Harvard involving nearly 40,000 women found no fewer heart attacks or cardiovascular deaths among women receiving aspirin therapy
British Medical Journal 2009—– Aspirin therapy for diabetics produced no benefit in preventing cardiovascular events
Pharmacoepidemiological Drug Safety 20099 Swedish—researchers studying individuals with diabetes found no clear benefit for aspirin, but did note it can increase the risk of serious bleeding
Journal of the American Medical Association 2010—- Scottish study found that aspirin did not help prevent heart attacks or strokes in healthy, asymptomatic individuals with a high risk of heart disease
Journal of the American College of Cardiology 201012 Patients taking aspirin showed a higher risk for recurrent heart attack and associated heart problems
Expert Opinions in Pharmacotherapy 201013 British meta-analysis of 7374 diabetics concluded that aspirin does not lower heart attack risk