OCCuPY THiS!

ONE YEAR LATER...

As most of you are aware, today marks the first anniversary of Occupy Wall Street.

Many people call it a "movement" and there are arguments about precisely what kind of movement it is if it is one. I personally spend zero time worrying about this.

For me OWS was an event and that event was about raising the public's awareness of one thing, the intersection of rampant control fraud and political corruption between the TBTF banks and Washington DC; the many ways this phenomena has decimated the lives of so many ordinary Americans.

In this respect they succeeded. Few would argue otherwise.

Unfortunately, the efforts fell on deaf and corrupt ears in our hollow halls of democracy.

Now, instead of making wisecracks about the people who are on the street today attempting, as hard as it is in Blumfukistan, to raise a civil ruckus, I would ask you all to consider the following.

When OWS was conceived and first kicked off last year, there was no MF Global fiasco, Jon Corzine was still CEO, no one knew who the London Whale was, Jamie Dimon was still exhaulted by the MSM as Wall Street's Mr Clean, Bob Diamond was still CEO of Barclays, no one in Washington knew what LIBOR was. There was no sham Fraudclosure settlement, no sham Securitization task force. There were, however, a handful of ongoing criminal investigations of Wall Street Banks...all subsequently terminated.

Last week we learned of the latest Mother of all Keynesian Bailouts. Try as they will to convince us that QE3 is designed to help the little guy, we of Zero Hedge all know otherwise don't we?

What is obvious is that since last September, our corporatist kleptofraudtocracy has only gotten exponentially worse.

The final insult was not the silence on these matters at the GOP convention (after all, we all know that Mitt the Twit is a Wall Street Ponzi pimp).

The final insult was the expectation of the Obamocrats that we would all accept their Big Lie. The biggest lie of all, that they and their Wall Street Bitch in Chief have cracked down on Banksterism.

There is not one shred of evidence that supports this Big Lie. A Big Lie that would make Herr Goebbels very very proud.

So today, instead of making wiseass remarks about unemployed, dirty long hair hippy anarchists armed with iPhones, iCollectivists and liberal arts students stepping off the curbs or chalking up the sidewalks, I would ask all of you to do something else...

Remind as many as you can of the outrageous fucking fraud that continues to be perpetrated by the thieves in pinstripes and hand made brogues and their harem of DC Bitches.

WB7

The Biggest Shock From This Friday's Payroll Report (Sorry Men)

Tyler, you missed the WHY, that is so unlike you. Even the "Fight club kids" missed it. I'm shocked lol.
The WHY, is because the traditional male job in manufacturing has been outsourced, and what wasn't outsourced was replaced by the technically use of robotics. Which happens to be a very trending thing and will soon be used to replace those in the Health care profession.
Women tend to work in "Service provided" areas. Cashiers,grocery clerks, waitress etc..., There isn't much left out there these days, proven by the segmenting of the class categorizing that each of those still working males, fall within that 69%. Private, government, and military segmentation would work to color that picture a whole lot more.
It would be interesting to see that very same breakdown concerning women to.
Combined on a Pie chart would even be better

By now much has been written about the joke that was the collapse in the labor force participation rate. Perhaps too much, especially for a topic which as we predicted back in early 2011, would be the primary fudge factor allowing mainstream media headlines to blast America's economic renaissance. Remember: it is all about "confidence." Little, however, has been said about the constituents of this dramatic plunge to a 31 year low, namely the simplest distinction: that between genders. As the chart below shows, when one spreads the labor force by sex, the Friday data is particularly sad for one class of workers: Men. Because as the seasonally adjusted data shows, the labor force participation rate for men just printed at 69.8%. It has never been lower.

Chart Of The Day: Smith & Wesson Sales

The attached chart of Smith & Wesson revenues needs no comment.

Well one comment: when the final bubble does pop (and here we make the wild assumption that no intelligent extraterrestrial life will be found to bail out the central banks in time), at least everyone will be locked and loaded.

And some highlights from the just released investor presentation:

•Record-level quarterly sales growth from continuing ops of $136.0M, +48.3% Y/Y
•Record-level quarterly income from continuing ops of $18.9M, or $0.28 per diluted share
•Record Adjusted Non-GAAP EBITDAS of $36.1 Million
•Raised Full Year Fiscal 2013 Financial Guidance
•Exceeded high end of upwardly revised sales guidance
•Quarterly unit growth +30.1% vs. market growth +23.5% (Adjusted NICS)
•Backlog of $392.4M versus $148.8 one year ago
Full investor presentation:

BuBBa NeWS...: by William Banzia

William feels like I do today

Find Out If Your Apple Device Was Among The 12 Million Units Hacked And Tracked By The FBI

Hey, if you stop by Tyler's house, hit one or two of his ad sites.
It would only take a moment of your time, lets make sure Zero hedge keeps rolling.
Because you seriously have to admit, he pretty much single handedly keeps us all rolling in the loop. MSM sure as heck doesn't.
Now go check your phone and give yourself a little piece of mind....or not.
Good luck

Several hours ago, the latest hacker group to gain prominence, AntiSec, a subset of Anonymous, disclosed that it had obtained the confidential user data contained in some some 12 million Apple units after hacking an FBI Dell Vostro notebook computer, "used by Supervisor Special Agent Christopher K. Stangl from FBI Regional Cyber Action Team and New York FBI Office Evidence Response Team was breached using the AtomicReferenceArray vulnerability on Java" which contined a file titled NCFTA_iOS_devices_intel.csv, which "turned to be a list of 12,367,232 Apple iOS devices including Unique Device Identifiers (UDID), user names, name of device, type of device, Apple Push Notification Service tokens, zipcodes, cellphone numbers, addresses, etc. the personal details fields referring to people appears many times empty leaving the whole list incompleted on many parts." In other words, the FBI had the personal data of a substantial number of Apple device users, certainly all of which had been obtained without prior permission. Naturally the question here is why on earth does the FBI have this data, and as TNW suggests, "They published the UDID numbers to call attention to suspicions that the FBI used the information to track citizens. Much of the personal data has been trimmed, however, with the hackers claiming to have left enough for “a significant amount of users” to search for their devices." AntiSec has subsequently released one million of these UUIDs and their associated data. Find out if your device is on the list as explained below.

First, courtesy of WhatsmyUDID.com, here is a simple process to find out what the specific number is.

Bill Gross Releases Latest Monthly Outlook: The Lending Lindy

I'm shooting for tip over. The walls far exceed the foundation, so there's nothing there to support it. Have you ever seen a house that slid off it's foundation? It's very nasty to deal with and more often than not, the house has to be torn down and started over, and that's just what we got going on in the financial system. They cheated on the PSI (pounds per square inch) (think capital retained) of the concrete in the foundation (think how money is made)and then built a sky scraper on it,
If they'd have stuck to an average size house, we'd have seen a few cracks in time. A pain in the ass for sure, but still capable of function. The sky scraper on the other hand leans more and more daily, most people can't see it, but if you're a builder you can, and you know what out come is. It's going to drop as fast as the Twin Towers did, right out of the blue, except this time it doesn't go straight down like a controlled demo, this time it spread and is so heavy it takes everything surrounds it, with it.

Having operatied for years under ZIRP, and with the NIRP neutron bomb just around the corner, and already implemented in various European countries, one question remains: can banks be banks, i.e., can they make money, in a world in which borrowing short and lending long, no longer works, courtesy of ubiquitous and pervasive central planning which is now engaged solely and almost exclusively (the other central bank ventures being of course to keep FX rates and equities within an acceptable range) on the shape of the yield curve. Since 2009 our answer has been a resounding no. Today, Bill Gross speaks up as well, and his answer is even more distrubing: "If the dancing has slowed down, then the reason is not just an overweight partner. It’s that the price of money (be it in the form of a real interest rate, a quality risk spread, or both) is too low. Our entire finance-based monetary system – led by banks but typified by insurance companies, investment management firms and hedge funds as well – is based on an acceptable level of carry and the expectation of earning it. When credit is priced such that carry is no longer as profitable at a customary amount of leverage/risk, then the system will stall, list, or perhaps even tip over." Indeed, according to Gross central banks have now clearly sown the seeds of the entire financial system's own destruction. That he is right we have no doubt. The only question: how soon until he is proven right.

From Bill Gross of Pimco

The Lending Lindy

The Rulers And The Ruled

The article itself provokes thought, but the comment section, defines as well as refines it's understanding, and there in, lay the wealth.
All in all, quite worthy of being seen as the finest of Sunday morning sermons for the brethren of accepted belief

The truth that without property rights, no other rights are possible has been known for millennia. In the formalised study of politics, it is more than 300 years old, having been articulated with great care by John Locke in the late 17th century. The modern study of economics is well over 200 years old. Adam Smith’s Wealth Of Nations was published in 1776 - the same year as Thomas Jefferson’s Declaration Of Independence. The great work which finally integrated money with politics and economics celebrates its centennial this year. Ludwig von Mises published his Theory Of Money And Credit in 1912 - the year before the US inaugurated an income tax and a central bank. Ten years after that in 1922, von Mises published Socialism - a book which established beyond refutation the fundamental truth that any form of central planning and/or government control of the means of production cannot work because it makes economic calculation impossible. Picture if you will the state of ANY other branch of human endeavour if ALL the knowledge about it gained over the past three centuries had been summarily dismissed.

Property rights are a

The Dow Zero Insurgency

In what can only be compared to as a real life "David and Goliath" story
I proudly present to you,

The Book of Tyler (Zero Hedge)


By Joe Hagan
Published Sep 27, 2009

Last spring, in a far corner of the Internet, an unknown blogger began to piece together a conspiracy theory: The investment bank Goldman Sachs was using sophisticated, high-speed computers to siphon hundreds of millions of dollars in illegitimate trading profits from the New York Stock Exchange, invisibly undercutting the market and sidestepping the regulatory reach of the Securities and Exchange Commission.

Only a few loyal readers paid attention to the blog called Zero Hedge, a no-frills site full of arcane analysis decipherable only by finance professionals. But when a former Goldman Sachs computer programmer was arrested for allegedly stealing software codes used for the firm’s electronic trading arm, and a federal prosecutor was quoted saying the codes could be used to “manipulate markets in unfair ways,” the once-obscure blog ignited a chain reaction. While on a golf outing, an editor at the New York Times learned from a friend who worked on Wall Street that the Zero Hedge allegation was the talk of the industry, and an assignment ensued. On July 24, the Times published a front-page article on so-called high-frequency trading and its potential abuses, which in turn prompted Chuck Schumer, a member of the Senate Finance Committee, to draft a letter to the SEC that same day. Twelve days later, the SEC signaled that it was considering a ban on the very computerized trading that Zero Hedge had attacked.

Suddenly, the shadowy figure behind Zero Hedge was a full-blown cult hero—a blogger with a bullet. His readership of

The Monetary Endgame Score To Date: Hyperinflations: 56; Hyperdeflations: 0

And now for a little reality to brighten your day.
Make sure you hit the link, and then magnify the table, and you'll find out,
That, that's just Nasty.

We won't waste our readers' time with the details of all the 56 documented instances of hyperinflation in the modern, and not so modern, world. They can do so on their own by reading the attached CATO working paper by Hanke and Krus titled simply enough "World Hyperinflations." Those who do read it will discover the details of how it happened to be that in post World War 2 Hungary the equivalent daily inflation rate of 207%, the highest ever recorded, led to a price doubling every 15 hours, certainly one upping such well-known instance of CTRL-P abandon as Zimbabwe (24.7 hours) and Weimar Germany (a tortoise-like 3.70 days). This and much more. What we will point is that at no time in recorded history did a monetary regime end in "hyperdeflation." In fact there is not one hyperdeflationary episode of note. Although, we are quite certain, that virtually all of the 56 and counting hyperinflations in the world, were at one point borderline hyperdeflationary. All it took was central planner stupidity to get the table below, and a paper with the abovementioned title instead of "World Hyperdeflations."

Full table:

Bernanke Fails To Deliver As Chairman Checks To Congress

For every action there is an equally opposite reaction.
Hit the link and check the chart

The market is not amused...

•*BERNANKE SAYS STAGNATION IN LABOR MARKET IS `GRAVE CONCERN'
•*BERNANKE SAYS FED WILL BOOST ACCOMMODATION AS NEEDED FOR GROWTH
•*BERNANKE SAYS HE WOULDN'T RULE OUT FURTHER ASSET PURCHASES
•*BERNANKE: QE `SIGNIFICANTLY LOWERED LONG-TERM TREASURY YIELDS'
•*BERNANKE SAYS IMPACT OF QE IS `ECONOMICALLY MEANINGFUL'
•*BERNANKE: BIG BOOST IN QE MAY REDUCE CONFIDENCE IN SMOOTH EXIT
Those are the headlines. Here is the disappointing conclusion , which promises nothing new at all:

BeHoLD THe RoMNeY RaPTuRe!

Banzia is the King
And man can he sing
Through laughter, he'll show you the way
From Adam's first start
Through the Torah's, dark art
On to the rapture of Romney's first day
lol

Ladies and Gentleman,
With his laughter's latest,

William Banzai

Socialism Gone Apeshit: Obama Wants To Use Proceeds From $20 Billion Fraudclosure Settlement To Reduce Underwater Mortgages

http://www.zerohedge.com/article/socialism-gone-apeshit-obama-wants-use-proceeds-20-billion-fraudclosure-settlement-reduce-un

Oh it's believable Tyler, it's called a setup.
MERS crapped out, you can't use it to foreclose according to them.
This is the banks way of getting that John Hancock back on a wet note.
I' can't believe you slipped on that one lol, but then again yes I can.
I think the audacity of the proposal shocks the crap out of you so bad that the mind is just stunned.
America don't be stupid, you have them by the nutsack
Now just squeeze.
The banks are paralyzed and can't do a damned thing unless you allow them to.

Ever wonder why the banks have been stowing away cash as if in anticipation of a torrential rainy day? Well, it just started pouring. According to the WSJ: "The Obama administration is trying to push through a settlement over mortgage-servicing breakdowns that could force America's largest banks to pay for reductions in loan principal worth billions of dollars…Terms of the administration's proposal include a commitment from mortgage servicers to reduce the loan balances of troubled borrowers who owe more than their homes are worth, people familiar with the matter said. The cost of those writedowns won't be borne by investors who purchased mortgage-backed securities, these people said…some state attorneys general and federal agencies are pushing for banks to pay more than $20 billion in civil fines or to fund a comparable amount of loan modifications for distressed borrowers…Regulators are looking at up to 14 servicers that could be a party to the settlement…Banks would also have to reduce second-lien mortgages when first mortgages are modified…Under the administration's proposed settlement, banks would have to bear the cost of all writedowns rather than passing them on to other investors. The settlement proposal focuses on pushing servicers who mishandled foreclosure procedures to eat losses, by writing down loans that they service on behalf of clients. Those clients include mortgage-finance giants Fannie Mae and Freddie Mac, as well as investors in loans that were securitized by Wall Street firms.” In other words, we have just reached the pinnacle of banana republic socialist insanity. In one fell swoop the teleprompter will not only grant reprieve to the banks for decades of fraudulent mortgage activity, but undercapitalize themselves and have them at risk for another liquidity run, which would of course mean another record multi-trillion taxpayer bailout. And the worst case: the 10 million or whatever underwater mortgages will get an average reduction of $2000 each. This is unfuckingbelieveable!