sell! sell! sell!

[tiznow]

Check on Feds newly created Facebook page pretty much 100% negative comments good stuff

https://m.facebook.com/story.php?story_fbid=1072300072847984&id=1043592612385397

 

[PatsFan1283]

Haha the comments. That's funny. Not sure who had the idea to have the Fed get a FB page.

 

[PatsFan1283]

People waking up that something gone wrong even if they can't articulate exactly what that is, which is good.

Still far too many just numb zombies with the cheap electronics though.

 

[tiznow]

[h=1]Hillary Clinton Flies 20 Miles In Private Jet To Attend Rothschild Nantucket Fundraiser[/h]As we reported a few days ago, Bill and Hillary Clinton spent Friday night in Martha's Vineyard celebrating Bill's 70th birthday (posted here). We're sure it was a grand affair, well worth the heat Obama had to take from Louisiana flood victims to attend.
Turns out the following morning, Hillary, not one to be bothered with traditional peasant forms of travel, awoke and took her private jet just 20 miles over to Nantucket where the Rothschilds will be hosting a fundraiser. The event is open to all...well anyone who can afford the $100,000 per person price tag. Hopefully this is a sign that the whole global warming thing has been solved and we can all rest comfortably at night knowing that we're safe from sudden, violent attacks at the hands of ManBearPig.

But we can't really blame her, it's exhausting running around the country to places like Cleveland, Ohio letting factory workers know how "hard" you're working to make the "rich" pay their fair share.

But not ones to let facts get in the way of a good narrative, we'll just ignore that pesky little post where we recently pointed out how the Rothschilds are using Nevada as a tax haven for wealthy international investors to avoid taxes (see our post "Rothschild Humiliates Obama, Reveals That "America Is The Biggest Tax Haven In The World""):

Rothschild, the centuries-old European financial institution, has opened a trust company in Reno, Nev., a few blocks from the Harrah’s and Eldorado casinos. It is now moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, subject to the new international disclosure requirements, and into Rothschild-run trusts in Nevada, which are exempt.
* * *
For financial advisers, the current state of play is simply a good business opportunity. In a draft of his San Francisco presentation, Rothschild’s Penney wrote that the U.S. "is effectively the biggest tax haven in the world." The U.S., he added in language later excised from his prepared remarks, lacks “the resources to enforce foreign tax laws and has little appetite to do so.”
​

We're sure this fundraiser was just aconvenient opportunity for Clinton to discuss with the Rothschilds how to eliminate the many tax protections afforded to her Billionaire friends.

 

[tiznow]

More natural earth cycles eekster.. The extremes are becoming more extreme..

---------

What makes Indian farmers kill themselves?

By Kinjal Pandya-Wagh Business reporter, BBC News

"There is no future in farming," says Bhaskar DeovalvarIn February this year Ram Rao Narayan Panchlenvar tried to poison himself.
After rain destroyed his cotton crop, he lost hope of earning anything from his farm in the western state of Maharashtra.
It was the third year in a row his crops had failed - first due to a year of drought and then two years of untimely rain.
And with debts of $35,000 (£22,600) - money borrowed for his farm and to pay for his daughter's wedding - Mr Panchlenvar has no idea how he will get back on his feet.
Now he picks the little cotton that wasn't ravaged by weather, desperately hoping the authorities can support farmers like him.
''The government should waive the loans for farmers. The compensation we are getting right now should be trebled.
"Only then will it help us. Even the minimum support price for our crops is very low. I have to sell - at whatever price the government offers. ''
At least though, his bid to kill himself failed. Others have been less lucky.
'There is nothing left in my life'

In the past 20 years, nearly 300,000 farmers have committed suicide, says India's National Crime Records Bureau.
Unseasonal rainfall and hailstorms in many parts of India in recent weeks have destroyed crops, putting further strain on impoverished farmers and driving many of them to kill themselves.
In the first four months of this year alone, 257 farmers in Maharashtra have taken their own lives, according to the state government.

After his crops failed for a third year in a row, Ram Rao Narayan Panchlenvar tried to kill himselfA few kilometres away in the next village, Janabai Ghodam knows the pain first-hand.
Her husband Ramesh Ghodam killed himself two months ago because he was overcome by worries about money, she says. He had racked up debts of about $3,000. And his crop too, had failed.
Now Mrs Ghodam says she is surviving by taking casual work on other farms when she can find it.
"There is nothing left in my life. The crops are destroyed on the farm, it is all empty land and I can't sow new seeds this season. There's hardly any food at home to cook. I am left alone with my daughter and son."
Mrs Ghodam's home is dark. She could not pay electricity bills for the last two months and the power has been cut off. And there is no money left for her 20-year-old daughter's wedding.
"There is very little we can do for her marriage. I don't have anything for her.''

Janabai Ghodam and her two children: Her husband killed himself after building up debts of $3,000Back in Mr Panchlenvar's village, a group of farmers discuss the future. Cotton is the main crop here but because global prices have slumped and demand from China is plunging, the prospects are bleak.
They have little choice but to accept prices offered by the government and mill owners.
One farmer in the group, Bhaskar Deovalvar explains that the entire village relies on farming. Most are in debt to local money lenders who charge interest rates of 25%.
His hopes now lie in his younger son who is studying science in a college about 20km away. Mr Deovalvar prays he'll get a job in the city after graduating.
"There is no future in farming, it is a lot of investment but no returns," he says.
"With no productivity from the farms and constant pressure from banks and money lenders there is no option left for farmers but to kill themselves."
'Deep-rooted problem'

The country's Prime Minister, Narendra Modi, who completes his first year in office on 26 May, recently said that "for several years, farmers' suicide has been a cause of worry for the nation".
He added: "The problem is old, deep-rooted and widespread and we have to seek solutions in that context.
"There should be a collective resolve in this regard. We have an open mind to consider any suggestion that is made."

Maharashtra's government says water conservation measures have not workedThe Maharashtra state government says that is trying to help farmers and their families - including concessions on electricity bills and covering the interest payments on loans.
But it admits another scheme aimed at trying to prevent drought by conserving water is not working.
''In Maharashtra, water conservation was being done at various levels by different departments such as agriculture, water conservation, soil conservation, forest, social forestry and irrigation," the state Chief Minister Devendra Fadnavis told the BBC.
"But proper coordination was sorely lacking. One department did not know what the other departments were doing. It aggravated the issue."
The state also pays compensation worth about $1,500 to families which are struggling after a farmer has committed suicide.
Mental health issue

But community work tackling the issues around suicide should be the priority rather than handouts, argues Dr Vikram Patel, a psychiatrist and professor at the London School of Hygiene and Tropical Medicine.
Dr Patel, who is leading a community programme in the region for villagers suffering from depression, wants suicide to be seen as a public health issue.

Cotton is the main crop in Maharashtra, but global prices have slumped and demand from China is plunging"It is absurd in our country and I think we are probably the only country in the world where the government compensates people if someone in the family kills themselves.
"In India we haven't done good research on farmers' suicides and in terms of mental health, this has always been seen as a social issue.
"But if you look around the world at least 50% of farmers, and adults who kill themselves would have had a depressive disorder or an alcohol use disorder, these two being the main mental health conditions."
Some fresh thought on a long-standing issue could be welcome here in Vidarbha. It is too late for Ramesh Ghodam's family - but perhaps the first steps in breaking the cycle of desperation and misery that so many Indian farming communities face.

 

[eek.]

No-one doubts climate change Tiz, I was under a mile of ice 10,000 years ago

The contention is whether it is man-made

I am a skeptic

IMO the sun and the planets will do exactly as they please, with or without us, and to think otherwise is hubris

"Made made climate change" is useful for reducing pollution though, even if it's a fallacy

 

[tiznow]

As I've said before the pace of the change is the issue and based on what we know about earths history the rate of changes in various measures occurring now are only rivaled by previous mass extinction events such as meteors hitting earth and killing off dinosaurs... This time we humans are the meteor..

i used to be a skeptic myself as I always question the majority/popular beliefs.. But evidence is pretty obvious at this point..

next year when we have a La Niña (cool) in response to this year's most extreme el Nino on record that also came with record global recorded global temperatures the human created climate change deniers will say see .. Earth getting knocked outta equilibrium by us.. And causing these extremes on top of the overall long term warming trend..

 

[tiznow]

[h=1]America’s Latest 500-Year Rainstorm Is Underway Right Now in Louisiana[/h]Observers are calling the record floods a “classic signal of climate change” — and high-resolution models predict another one to two feet of rain by Saturday evening.
By Eric Holthaus

(Photo: Ines Hegedus-Garcia/Flickr)By mid-morning on Friday, more than a foot of rain had fallen near Kentwood, Louisiana, in just a 12-hour stretch — a downpour with an estimated likelihood of just once every 500 years, and roughly three months’ worth of rainfall during a typical hurricane season. It’s the latest in a string of exceptionally rare rainstorms that are stretching the definition of “extreme” weather. It’s exactly the sort of rainstorm that’s occurring more frequently as the planet warms.
In response to the ongoing heavy rains, Louisiana Governor John Bel Edwards declared a statewide state of emergency on Friday, and local governments are distributing sandbags, conducting water rescues, and facilitating evacuations. The New Orleans Times-Picayune is maintaining a live blog of the latest developments. The Tickfaw River north of New Orleans soared 18 feet in about 12 hours to a new record crest on Friday morning, beating the water level of April 1983, and five feet higher than the high-water mark during Hurricane Isaac in 2012, the last hurricane to make landfall in Louisiana.
Meanwhile, a lot more rain is still on the way. High-resolution weather models predict an additional one or two feet of rain by Saturday evening, a total the local National Weather Service referred to as “scarily high.” The NWS has issued its highest alert for excessive rain and warned of “significant to catastrophic flash flooding.” A “flash flood emergency” is in effect for the hardest-hit regions, a warning reserved only for the direst and most life-threatening events.

An instant analysis from Climate Nexus refers to today’s Louisiana rainstorm as a “classic signal of climate change.” It’s right.​

Obviously, this is no ordinary storm. Though the overall structure of this meteorological event does not meet the technical requirements for a tropical storm or hurricane (it’s attached to a stalled weather front, for example), the NWS is treating it roughly the same way, and the physics of the rain clouds themselves are similar. (Tropical rain clouds are generally more efficient at converting cloud moisture into raindrops.)
This storm’s tropical nature, in combination with record-warm water temperatures just offshore in the Gulf of Mexico, are creating a nearly perfect environment for extremely heavy rain and record flooding in one of the wettest places in the country. As the atmosphere warms thanks to greenhouse gas emissions, it can hold more water vapor — and this effect makes it exponentially more likely that extreme rainfall events will occur. The weather balloon released on Friday morning from the New Orleans office of the NWS measured near all-time record levels of atmospheric moisture, higher than some measurements taken during past hurricanes. The NWS meteorologist who reported this morning’s reading remarked simply, “obviously we are in record territory.”
An instant analysis from Climate Nexus refers to today’s Louisiana rainstorm as a “classic signal of climate change.” It’s right. The NWS maintains a statistical database used to calculate the “annual exceedance probability” of a given rainfall event — basically, the expected frequency this event would occur in any given year.
Today’s rainstorm in Louisiana is at least the eighth 500-year rainfall event across America in little more than a year, including similarly extreme downpours in Oklahoma last May, central Texas (twice: last May and last October), South Carolina last October, northern Louisiana this March, West Virginia in June, and Maryland last month.
And these were just the events that the agency decided to write a report on. One notable exception to this list is the Tax Day flood in the Houston metropolitan area this April, at least the fourth major flood in that region in a span of a year. The local flood control district extrapolated the 23.5 inches of rain over 14.5 hours in Pattison, Texas, during the Tax Day storm to be a one-in-10,000-year event.
Statistical calculations like these make a major assumption: That the climate of the past is the same as the climate of today. That’s no longer a very good assumption.

 

[tiznow]

Obamacare failure as was obvious.. Jobless healthy young people in mountains of college debt aren't gonna sign up to cover expenses of unhealthy old people with pre existing conditions.. Just common sense.. Well to most I guess?

---------

Nearly 36% of markets may have only one insurer participating on the exchanges, up from 4% this year, according to an analysis by Avalere Health, a consulting company. And nearly 55% may have two or fewer choices, up from 33% in 2016.

http://m.wptz.com/money/choices-dwindling-for-obamacare-customers/41325210

 

[tiznow]

Not to beat a dead horse but you are seeing more and more of articles like this lately, saying a lot of what I was saying 6 months ago.

http://www.cnbc.com/2016/08/15/tesla-will-have-40-rivals-by-2021-tesla-bear.html

near term I don't like tesla stock due to bear market looming and think they will hit many bumps in the road soon ramping up prodcution and such... But I think in the end they will win .. Maybe it's just hope.. Will see.. I'll always root for the shit disturbers vs the status quo...

New tesla product unveil soon. Not a car..

-------


‘I want my family back in a Tesla’ says father after surviving severe crash in a Model X

https://www.google.com/amp/s/electrek.co/2016/08/22/tesla-model-x-crash-accident-bloomington-minnesota/amp/?client=safari

 

[tiznow]

Nothing major just souped up battery on their higher end offering..

now fastest accelerating production car ever 0-60 in 2.5 sec... And range now up to 315 miles...

 

[PatsFan1283]

Case-Shiller housing index pretty much back to '07 levels. ZIRP making 350k homes into 600k homes. The lending hasn't been as bad as the last bubble but you gotta think at the very least housing a dead duck for a generation or so. Atleast if equities drop 50% they will eventually recover with economic growth, don't see how housing recovers unless rates low forever.

http://www.zerohedge.com/news/2016-08-23/us-real-estate-big-picture-thesis-moral-hazard

This a good piece on it

Obviously the global elite response to this is "Holy shit, we need more immigration or the system pops"

 

[tiznow]

Yeah in my area most homes are sold in a few days time... Getting nuts again..

You feed a population of liberals spenders super low rates for too long it's gonna end in tears.. Just common sense.. Again I guess not everybody lol

 

[PatsFan1283]

Yeah, for those who bought in '09 and '10 they will probably be fine. Got low rates that went hand in hand with post-collapse valuations. I'd say a lot of the houses 2013 and onward gonna be underwater if there is a collapse though. Maybe it won't matter if rates stay low forever, tough to say.

Obviously one thing that helps that bubble (similar to higher education) is that everyone pretty much buys in. The boomers did very well with RE (thanks to rates going from 18% in early 80's to 3-4% now) and they all tell their kids that you can't go wrong with it, thus the dogma ensues.

 

[tiznow]

yeah rates not going up.. Think it just a final panic buy to latest overall fed bubble after all this talk about rates rising etc..

we clearly going Japanese long term.. Problem for citizenry is we are not a nation of savers like Japan so most will get hit hard.. Fiscal conservatives and people that are financially smart and prudent and don't spend beyond their means will do just fine..

 

[PatsFan1283]

How is the gov't gonna bail everyone out if/when another crash happens?

Medicare, SS, gov't pensions, union benefits, upside down homes, zombie companies.......If it was worse than 2008 and typical recession rate cutting not an option, then what will they do?

If there is a recession and huge hit to gov't revenues then we're not just going to cut benefits.

I guess the answer is 20-30 million new immigrants to pay into the systems.

 

[PatsFan1283]

You see what is happening in Vancouver? Put a tax on foreign buyers because rich asians were flooding the RE markets. Now the market dropping like a rock and the industry people complaining.

I do think with the rise of global wealth that there should be some purchase restrictions, having large swaths of rich people just buying of property in land constrained cities isn't good for the natives.

http://globalnews.ca/news/2887766/data-is-the-metro-vancouver-real-estate-market-in-free-fall/

 

[tiznow]

Yeah I dunno the solution but obviously unsustainable..and/Or just a lot more people living in moms basement indefintely..

 

[eek.]

How is the gov't gonna bail everyone out if/when another crash happens?

That's the great thing about owning your own property, it can all go up in the financial sector but they can't touch your land and buildings. You live in it, you own it, and "the value" is irrelevant if its your home

Your worries about the vagaries of the financial sector only extend to paying the next property tax bill, phone bill or power bill.

If you want to make millions and have a lifestyle of the rich and famous then you'll spend you're entire life worrying about what the unreliable and volatile stock market will do next

 

[eek.]

Property makes the stock market irrelevant, it's like gold, but unlike gold it's genuinely useful on a day to day basis because you live in it, plus it's saving you $1000 to $1500 a month in rent/mortgage

The only solution is to flood the market with affordable newbuild properties, but only a proper socialist government would ever do that (post WW2 Britain)