Sunrise… time to head up into the mountains for another week.

http://www.railpictures.net/viewphoto.php?id=491285
http://www.railpictures.net/viewphoto.php?id=491284

Looks like we get a flat Monday opening but that’s better than the down I thought we’d get last night. Triple digit gains in the DOW don’t seem to be in order surprisingly, so if the SM rolls over we might gin some steam?

FDA Reverses Its Position on Daily Aspirin

http://articles.mercola.com/sites/articles/archive/2014/08/04/daily-aspirin-side-effects.aspx?e_cid=20140804Z1_DNL_art_1&utm_source=dnl&utm_medium=email&utm_content=art1&utm_campaign=20140804Z1&et_cid=DM54467&et_rid=609625481

Gabriel Resources Ltd.: Second Quarter Report

http://finance.yahoo.com/news/gabriel-resources-ltd-second-quarter-214000219.html

Update of Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd. Arrangement

http://finance.yahoo.com/news/avino-silver-gold-mines-ltd-224900142.html

Freeport Indonesia says to resume copper concentrate exports by Wednesday

http://finance.yahoo.com/news/freeport-indonesia-says-resume-copper-035230741.html

All 3 were hit 40 mins ago.

ISIS Captures Iraq’s Biggest Dam: Baghdad Water Supply In Jeopardy

According to Al Arabia it is this “weakest link” that is now in play after ISIS took over Iraq’s biggest dam unopposed by Kurdish fighters, who also lost three towns and an oilfield on Sunday to the Sunni militant group, witnesses said cited by Reuters.

http://www.zerohedge.com/news/2014-08-03/isis-captures-iraqs-biggest-dam-baghdad-water-supply-jeopardy

it gets worse !!!!!

http://www.nytimes.com/2014/08/04/world/middleeast/iraq.html?_r=1

http://dailycaller.com/2014/07/31/pelosi-asks-reporters-to-be-messengers-for-flailing-house-dems/?

http://dfw.cbslocal.com/2013/10/15/lt-gov-dewhurst-says-president-obama-should-be-impeached/

(Holy Spirit) give me a BREAK ! the hypocracy is dumb founding  ! What else would you expect from a BANK named like that ?

Its very name is designed to deceive !    I believe its called a OXYMORON  like the phrases,,,,,pretty -ugly,almost -exactly,clearly-confused,deafening -silence,only-choice…etc     The word comes from the Greek    sharp-Dull  ……and the morons that named it were the latter part of the word  “morons”.

!

http://www.gold-eagle.com/article/hidden-factor-systematic-failure

The Chinese have JPMORGAN  HQ as Collateral !

The IRS TAX STREAM as Collateral (No wonder Emails are kept secret)

At the Dallas Fed Protesters demanded the Chinese Flag be taken down.(saving face only)

ALL thats left is the MILITARY and now a German heads US Forces in Europe for the First Time.(What do they know that we don’t )

I predict the US will default on the IRS income stream,default on JP MORGAN deal ,

and WAR Not with Russia but probably China will result.

I believe 401 K and Gubberment Pensions the Last refuge of our Traitorous Government will succumb to Chinese Liens .

Grabbing Gubberment Pensions ! wouldent that be a HOOT !  Thats like holding the Fox hostage that robbed the Hen House !

WE are headed for a Military Government just as Machiavelli predicted democracy ends.

Just as Franklin said ,those that will trade Freedom for Security will get neither .

Or it could have been shot up again to discredit the original bullet holes. Wait. Now I am becoming too conspiratorial. Interesting times we live in, hard to know what or who to believe anymore?

That wreckage could have been shot up after the crash. Just sayin.

I hope so too but I wouldn’t count on it!

Now, with this in mind, let use look at the shooting down of a passenger aircraft by pro-Russian forces in Ukraine as a ploy to start war. If this is the case, then it is entirely possible that (1) this was a deliberate act by the West to provoke war with Russia, (2) was a mistake and then transformed into justification to wage war, (2) pro-Russian forces made a mistake and shot down the wrong plane, or (4) pro-Russian forces intended to shoot down a passenger plane.

Before there was any evidence or investigation, Obama came out and accused the pro-Russian forces. But the wreckage of Malaysian Airlines MH 17  is curious. It shows bullet holes not a missile.

It is known that there were two Ukrainian jets in the area. The next curiosity is the air traffic controller who was tracking the incident has disappeared. The bullet holes appear to be in the cockpit. That would make sense if you were deliberately trying to ensure no distress calls or hero tactics.

There are far too many questions once again like the weapons of mass destruction. Career politicians look at us as the expendable great unwashed – the pawns of their chess game. All I have learned over the years – that there is a reason for everything and question each statement made without proof especially when they immediately come out before any investigation takes place. This is like the Pentagon and WTC7 in the 911 attack. Furthermore, if someone vanishes, there must be a reason. Where is the air traffic controller and why has he suddenly disappeared?

Blog

These kinda people always look at one thing and not the whole picture. We ate the same thing be it donuts or Girl Scout cookies no for most no worse for wear. Most kids burn out those calories just sitting.  Maybe they should look at the bigger picture like woman out working and forced into buying ready made foods that unknown to most are high in calories low in nutrients or the fact that food prices exceed their budgets so have to buy less quality foods or more bread and pastas less meat fruits vegetables.

Will they do anything about the real culprits? Food inflation women having to work  and lack of exercise they used to get in school they don’t get now because their afraid they’ll get sued or insurance for accidents  just too much as well as healthcare costs and Obamacare made it worse. I talked to someone on low income that before had no deductible now has a 6000 deductible so won’t be seeing a doctor now. Cities have over build so no safe places for kids to play without getting run over. Parks don’t help much.

So what’s their bright idea to solve the problem? Ban Girl Scout cookies and school events so they even less to do. Yeah that will do it.

You said “moochelle”, did you mean “Manchelle”?

Portugal’s Insolvent Banco Espirito Santo To Be Bailed Out, Existing Equity To Be Wiped Out

Submitted by Tyler Durden on 08/03/2014 11:18 -0400

When a week ago, the third and final Banco Espirito Santo HoldCo went bankrupt…

… we knew it was only a matter of time. Sure enough, following Friday’s record collapse in the stock price of Portugal’s mega bank after even Goldman decided it had enough and pulled the plug on an equity investment it had made just three short weeks earlier (apparently with zero Due Diligence) following massive losses, and whose failure even Portugal’s president Silva finally admitted could be a systemic event, the local Diario Economic reports that Banco Espirito Santo is about to be nationalized, i.e. bailed out.

The details from Bloomberg, about the transaction that will wipe out the existing equity and replace it with 100% ownership by the Resolution Fund:

• Portugal may use the Resolution Fund to recapitalize Banco Espirito Santo, Diario Economico reports, citing unidentified people linked to the process.
• Resolution Fund may inject more than €3 billion
• A “bad bank” may be created for the toxic assets of the credit portfolio
• Solution aims to rescue Banco Espirito Santo without spending taxpayers’ money, and is being prepared by the government and the Bank of Portugal
• From Aug. 4, Banco Espirito Santo will leave the stock market and will be 100% owned by the Resolution Fund, an entity created in 2012 and financed by Portuguese banks and by revenue from the special contribution that the banking sector pays the Portuguese state
• Resolution Fund will have to be given enough resources to capitalize Banco Espirito Santo, and according to legislation this can be done through a state loan or through a new special contribution imposed on the 84 institutions that contribute to the fund
• Part of the €6.4b that the Portuguese state still has available in the bank recapitalization facility that was included in Portugal’s bailout program may also be used to give the Resolution Fund the necessary resources to capitalize Banco Espirito Santo
• Portuguese authorities’ plans predict that the bank will be sold in the stock market within six months, with the proceeds from the sale being used to repay the Resolution Fund

So Portugal’s “less insolvent” smaller banks will fund the bailout facility to rescue the nation’s most insolvent mega bank. What can possibly go wrong…

Incidentally, the most fun we had was the part where they said no taxpayer money (read German) would be used to bail out yet another insolvent European bank.

So much for Europe’s self-sustaining recovery in which no bank will be henceforth rescued.

That said, expect some combination of bail-out with bail-in elements, meaning the sub bonds are most likely about to be wiped out as well.

http://www.zerohedge.com/news/2014-08-03/portugals-insolvent-banco-espirito-santo-be-bailed-out-resolution-fund-become-100-sh

Somehow the criminals manage to avoid derivative detonation yet again.

…but that’s not why i did it.  potted up a dozen offshoots from my pineapple plants.

sugarloaf (top) and variegated (bottom)

the variety of pineapple sold almost exclusively in the stores (smooth cayenne) was selected not because it is a particularly good pineapple, but because it ships well and ripens slowly.  these factors count to produce managers a lot more than things like flavor, which happens after the merchandise passes the bar-code scanner.

also potted up eight offshoots from my rajapuri banana.

moochelle probably doesn’t approve of these.

not my pics, i got them on the web.  i still use film for photos.  i’m a dinosaur.

Super Frog here.

Tis true  , the Farmboy always be flapping his gums and taunting the witch.

Just between you and me  Buttercup, the boy ain’t right !

No doubt it would work if I use a screen shot and post it – as I have done that with charts.  But the jpg drag and drop should work – it is baffling why I get the rejected by http error.

Beautiful pics.

Well I got away with stealing your dog “Shemp” and it was so easy I thought I’d just go ahead and borrow Farmboy’s rooster.

Really like that the emoticons are all saved and easy to insert. Great feature that we didn’t have at PP.