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Sunday, January 31, 2016

Is Congress Declaring War on ISIS…or on You?

By Ron Paul (Read online at

Passage of Senator Mitch McConnell’s authorization for war against ISIS will not only lead to perpetual US wars across the globe, it will also endanger our civil and economic liberties. The measure allows the president to place troops anywhere he determines ISIS is operating. Therefore, it could be used to justify using military force against United States citizens on US territory. It may even be used to justify imposing martial law in America.

The President does not have to deploy the US military to turn America into a militarized police state, however. He can use his unlimited authority to expand programs that turn local police forces into adjuncts of the US military, and send them increasing amounts of military equipment. Using the threat of ISIS to justify increased police militarization will be enthusiastically supported by police unions, local officials, and, of course, politically-powerful defense contractors. The only opposition will come from citizens whose rights have been violated by a militarized police force that views the people as the enemy.

Even though there is no evidence that the government’s mass surveillance programs have prevented even a single terrorist attack, we are still continuously lectured about how we must sacrifice our liberty for security. The cries for the government to take more of our privacy will grow louder as the war party and its allies in the media continue to hype the threat of terrorism. A president armed with the authority to do whatever it takes to stop ISIS will no doubt heed these calls for new restrictions on our privacy.

Following last year’s mass shooting in California, President Obama called for restricting the Second Amendment rights of any American on the “terrorist watch list.” The president also used the attacks to expand the unconstitutional gun background check system via executive action. Can anyone doubt that President Obama — or a future anti-gun president — will use the absolute power to do whatever is necessary to stop terrorism as a justification for imposing new gun control measures? Using the war on ISIS to justify more gun control will be particularly attractive since even many pro-gun politicians will support gun control measures if they are marketed as part of the war on terror.

As the American economy faces continued stagnation, and as challenges to the dollar’s status as the world’s reserve currency mount, an increasingly authoritarian government will impose new restrictions on our economic activities and new limits on our financial privacy. In particular, our ability to move assets out of the country will be limited, and new reporting and other requirements will limit our ability to use cash without being treated as criminals or terrorists. Those who carry large amounts of cash will find themselves at increased risk of having the cash confiscated by government agents under civil asset forfeiture laws.

If Senator McConnell’s declaration of perpetual war passes, presidents could use the war on ISIS as a justification to impose new restrictions on our use of cash and our financial privacy via executive action. After all, they will say, the government needs to make sure cash is not being used to support ISIS.

The only way to protect both liberty and security is to stop trying to impose our will on other countries by military force. The resentment created by America's militaristic foreign policy is ISIS’ most effective recruiting tool. Adopting a non-interventionist foreign policy that seeks peace and free trade with all would enable the government to counter legitimate threats to our safety without creating an authoritarian police state.

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes #WeekendAnalysis have been updated on the website. Buy signals are popping up like spring flowers.

Thursday, January 28, 2016

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Groundhog Day is looking to be a significant change-in-trend day.

Wednesday, January 27, 2016

Tuesday, January 26, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Why the most precious metal isn't bullish for a gold bull market yet.

Monday, January 25, 2016

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. ABC rally in equities now underway, but now in the middle down part.

Sunday, January 24, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes #WeekendAnalysis PDF have been updated on the website. The dead rat bounce should continue!

Thursday, January 21, 2016

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Stocks still on track to start a bear market rally next week.

Wednesday, January 20, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Stocks are telegraphing they want to bottom soon.

The Fed is Sucking the Lifeblood Out of the Economy

When the Fed decided last month to raise the Fed Funds rate from 0% to ¼%, most commentators pointed out the insignificance of a ¼% rate hike. But, when you think about it, that's an infinite percentage increase in the rate. This point is important because the Fed has to drain liquidity from the banking system in order to keep the rate at ¼%. E.D. Skyrm, managing director of Wedbush Securities estimates the Fed needs to drain between $310 billion and $800 billion in liquidity to achieve this.

The Fed does this through “reverse repos,” which means it sells Treasury bonds to banks and receives payment via the bank’s reserves. In short, it amounts to decreasing the amount of liquidity in the banking system.

In other words, the gang of lawyers who run the Fed has decided to suck the lifeblood out of the economy in order to raise interest rates from zero to ¼%. The effect so far is that the stock market is crashing and jobs will follow, circling the drain on the way down. This is exactly the same stupidity the Fed pulled in 1937 in the middle of the Great Depression: they crashed both the stock market and the economy and prolonged the depression for another decade. In fact, their actions almost certainly resulted in Germany starting World War II. That shouldn't have happened and the only we can ensure that we don't go through this cycle again is to END THE FED.

Tuesday, January 19, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. When will the Fed recognize a recession has started?

Sunday, January 17, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. We'll update the #Weekend Report later today.

Thursday, January 14, 2016

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Equities approaching a bottom, apparently

Solar and Wind Just Did the Unthinkable

Bloomberg New Energy reports:
The sun and the wind continue to defy gravity.
Renewables just finished another record-breaking year, with more money invested ($329 billion) and more capacity added (121 gigawatts) than ever before, according to new data released Thursday by Bloomberg New Energy Finance.
This wasn't supposed to happen. Oil, coal and natural gas bottomed out over the last 18 months, with bargain prices not seen in a decade. That's just one of a handful of reasons 2015 should have been a rough year for clean energy. But the opposite was true.

The momentum toward sustainable energy is too powerful to let cheap fossil fuels derail it now. The majority of our electricity will be generated by solar power by the 2030s. Note that wind power originates in energy pumped into our atmosphere from our fusion power reactor in the sky.

Wednesday, January 13, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Equities are still collapsing as bond prices soar

Tuesday, January 12, 2016

Revolutionizing Battery Storage Key to Fast Tracking Renewables

The grid has not changed much since the days of Thomas Edison, George Crabtree, senior scientist at Argonne National Laboratory, told PBS's The Good Stuff in the video above. While other industries have made dramatic advances in the last century, he said, the electrical grid has remained largely the same. "Imagine that we brought back Alexander Graham Bell, the inventor of the telephone, and we showed him our cell phones He'd be baffled," Crabtree said. "Now, bring back Thomas Edison and show him the grid as we have it now and he would instantly recognize every feature of that grid," he said. "He'd say Oh, I understand that grid. I know how it works In fact, I could run the grid for you if you'd like.'"
But all that is about to change, Crabtree predicted. "It may be 5 to 10 to 15 years off, but I think it will come," he said.

It's coming alright . . . and much faster than the experts think.

Read more here.

Monday, January 11, 2016

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Has shipping stopped? The world economy appears to be flat on its back now.

Sunday, January 10, 2016

The Great Bear Market of 2016

One thing investors may not realize is that bear markets generally can have the best rallies. The current bear market has come a long way in a short period of time. We could see a strong rally back this coming week, but a significant seasonal and cycle low is likely to come in later in January.

#WeekendAnalysis PDF report is now ready for subscribers to view on the website.

Saturday, January 09, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. We'll be updating the #WeekendAnalyis Report on Sunday.

Whoopee: US economy Creates only 11,000 jobs last month

David Stockman ferrets out this factoid about the December jobs report released Friday morning: Here's a newsflash that CNBC didn't mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December.
But on the apparent theory that December is colder than November, and notwithstanding that almost nobody works outside anymore, the BLS fiction writers added 281,000 to their headline number to cover the "seasonal adjustment."
Of course, this December was much warmer, not colder, than average. Likewise, Christmas season bricks and mortar retail is in turmoil and in secular decline due to Amazon and its e-commerce ilk; export based sectors have been thrown for a loop in the last few months by a surging dollar; and construction activity has been so weak in this cycle—-and for the good reason that both commercial and residential stock is vastly overbuilt owing to two decades of cheap credit——that its not remotely comparable to historic patterns.

Thursday, January 07, 2016

Thursday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Only 21.6% of NYSE stocks remain in uptrends, confirming the bear trend

The Solar Singularity Is Getting Closer

Solar power is heading for dominance by the 2030s, as we've written before. Tam Hunt updates his case for the Solar Singularity Getting Closer:

The “solar singularity” is the point where solar becomes so cheap in a majority of countries around the world that it is established as the default new power source. At this point, solar will very likely go vertical in its growth curve.

GTM Research forecasts solar prices falling steadily through 2020 and a global market of 135 gigawatts per year in the same year, up from 55 gigawatts installed in 2015. (That is enough to power approximately 10 million California homes.) This growth trend through 2020 constitutes about half (yes, half) of all projected new global electrical capacity in each year.

Conventional solar is silicon-based, but new technologies have the potential to make solar far cheaper if those technologies develop as they appear likely to do so.

Renewables provided almost half of all new power generation globally in 2014, according to the International Energy Agency. The agency's executive director, Fatih Birol, summed up the trend: “[Renewables are] no longer a niche. Renewable energy has become a mainstream fuel, as of now.”

Wednesday, January 06, 2016

Wednesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. The Fed is lying and the economy is not out of recession. They will soon rue the day they starting hiking interest rates.

Double dilemma for Paris climate deal

By Alex Kirby, Climate News Network

The UN’s achievement last month in persuading world leaders to agree on measures to tackle climate change leaves two prominent climate scientists far from convinced.

LONDON, 1 January, 2016 – Within days of the conclusion of the Paris Agreement at the UN talks in mid-December, two leading US scientists have cast serious doubt on its ability to avert dangerous levels of climate change.

One, James Hansen, says that to think world leaders are doing something significant about the problem is “baloney”, and urges the use of nuclear power and every other form of energy which does not involve the release of carbon.

The other, Michael Mann, argues that the world is “closer to the dangerous 2°C warming mark than many experts acknowledge”, and that continuing global carbon dioxide emissions from human activities at present rates will commit the Earth to 2°C in less than three years from now.

Both men differ substantially on the right way to act, and key parts of their proposals appear too unpopular or too impractical to work. But they do agree that the situation is so urgent that it demands immediate action.

“We really have an emergency because of the inertia of the system”

Mann writes: “We don’t have a third of our total carbon budget left to expend. . .We’ve already expended the vast majority of the budget for remaining under 2°C. And what about 1.5°C stabilisation? We’re already overdrawn.” Hansen believes that “we need all hands on deck”.

Hansen, the former director of NASA’s Goddard Institute of Space Sciences, speaking to the American Geophysical Union, said: “We really have an emergency because of the inertia of the system.”

“A solution is possible, and economic[ally] sensible”, and it’s not being advocated by any nation, said Hansen, who expressed frustration about the outcome of the UN climate conference. The idea that the world is “making good progress” is “baloney.”

His preferred solution is a carbon fee-and-dividend, with all collected fees (taxes) redistributed on an equal per capita basis. Such a system has been backed also by groups such as the Citizens Climate Lobby.

Sixty percent of Americans would make money in that system, he says, because it is the rich members of society who emit more than their individual share of carbon dioxide.

Hansen dismisses as “half-assed and half-baked” the idea that a country like India would cap emissions now, nor could the UN force any country to cap its emissions or tax them. So he suggests a carbon duty on imports, which other countries would have to match out of self-interest.

Right to burn

He is also dismissive about carbon capture and sequestration (CCS) technology, so far unproven at a commercial scale, describing it as “pure unadulterated bull. . .India and China won’t do it. It’s too expensive, and who wants the CO2 underneath them?”

China and India “have, of course, every right to raise their people out of poverty the same way we did, by burning fossil fuels.”

Restating his well-known championship of nuclear power, Hansen says using fossil fuels is very dangerous by comparison with nuclear power plants.

Mann is director of the Earth System Science Center at Pennsylvania State University. In a closely-argued article, How close are we to “dangerous” planetary warming?, he says the idea that 2015 was the year in which global average temperatures passed the 1°C milestone, halfway to the danger level, is mistaken.

Half-way point passed

He writes of the many reports that “2015 will be the first year where temperatures climbed to 1°C above the pre-industrial. That might make it seem like we’ve got quite a ways to go until we breach the 2°C limit. But the claim is wrong. We exceeded 1°C warming more than a decade ago.”

The world needs to limit net carbon emissions to about 3,000 Gigatons (three trillion tons) of CO2 to have a chance of staying within 2°C. Yet, Mann writes, “We’ve already burned through about 2,000 Gigatons, i.e. we have expended two thirds of our apparent carbon budget.”

The more the world delays rapid reductions in fossil fuel burning, he argues, the more it will need to offset additional carbon emissions by sequestering atmospheric carbon, either through massive reforestation projects, or with geo-engineering technology such as direct air capture, which involves literally sucking the CO2 back out of the atmosphere.

Mann says: “We’re already close to 1.2°C net warming for the northern hemisphere relative to a true pre-industrial baseline. . .So what’s the bottom line? Well, we’re actually closer to the dangerous 2°C warming mark than many experts acknowledge. And yet there is still hope for limiting warming to 2°C. . .”

For him and for Hansen, it seems, the Paris Agreement will work only on conditions that millions will find either unacceptable or unachievable. Nuclear power has few supporters, and carbon capture and storage looks unlikely to succeed. – Climate News Network

Tuesday, January 05, 2016

Tuesday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. The roller coaster ride continues as the recession becomes more obvious.

Monday, January 04, 2016

Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Only 26.9% of NYSE common stocks are above their 200-dma. Sign of the bear?

Sunday, January 03, 2016

Last Week's Results In The Wall Street Bucket Shops

#SubscriberNotes #WeekendAnalysis have been updated on the website. Stocks likely to be weak in 2016.