Durable Goods Orders See Biggest Drop Since July ’13

Technology Manufacturing, tech manufacturing, manufacturing

Orders for long-lasting U.S. manufactured goods unexpectedly fell in December as did a gauge of planned business spending on capital goods, which could cast a shadow on an otherwise bright economic outlook.

The Commerce Department said on Tuesday durable goods orders dropped 4.3 percent, pulled down by weak demand for transportation equipment, primary metals, computers and electronic products and capital goods.

Last month’s decline in orders for durable goods, which range from toasters to aircraft, was the largest since July and reversed November’s revised 2.6 percent rise.

Economists polled by Reuters had expected orders to rise 1.8 percent in December after November’s previously reported 3.4 percent advance.

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Russian Bank Halts All Cash Withdrawals

It would appear the fears of a global bank run are spreading. From HSBC’s limiting large cash withdrawals (for your own good) to Lloyds ATMs going down, Bloomberg reports that ‘My Bank’ – one of Russia’s top 200 lenders by assets – has introduced a complete ban on cash withdrawals until next week. While the Ruble has been losing ground rapidly recently, we suspect few have been expecting bank runs in Russia. Russia sovereign CDS had recently weakened to 4-month wides at 192bps.

Via Bloomberg,

Lender has introduced complete ban on cash withdrawals until end of week, news agency reports, citing unidentified person in call center.

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Posted in Editorial, Financial | Tagged | 3 Comments

Whatever it is…it’s getting closer.

Camp Fema

In August of 2013, Janet Napolitano stated that she thought a major cyber attack against the US was coming. She also stated that THERE WOULD BE a major natural disaster affecting the people of the United States. How could she know that?

“A natural disaster – the likes of which the nation has never seen – is also likely on it’s way.”

So, since Big Sis made these comments, FEMA has solicited/or purchased:

Tarps

Pre-fab housing units

Beverages

Public alert/warning systems

Dumpsters/biohazard waste disposal

Air transport for relocation purposes

Clothing

Nutritional short Shelf life meals

Medical services support

 Ambulances

Guard services FEMA region 10

Sheets/towels/linens

Blankets

Personal hygiene supplies

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h/t Terry C

Posted in Editorial, Safety and Preparedness | 1 Comment

China’s $500 million shadow bank rescue

icbc china

When is default a good thing?

That’s the question being asked in China, where the murky rescue of a high-yield fund appears to have prevented a default that would have cost investors millions and undermined faith in the country’s financial system.

But the 11th hour bailout by a mysterious third party has raised questions about China’s readiness to let investors pay the price for failed investments and mounting risk in the country’s shadow banking system.

Three years ago, a group of wealthy Chinese investors put 3 billion yuan ($500 million) into an investment trust — the cheerfully named Credit Equals Gold #1 Collective Trust Product.

The product was marketed by Industrial and Commercial Bank of China, a state-owned enterprise that is one of the largest and most profitable banks in the world.

But the fund was designed and issued by China Credit Trust, one of the many shadow banks in China that offer loans to companies or individuals that may have trouble securing traditional bank financing.

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Immigration and Civil War?

Revolution
… at least 100 million gun owners in the US. DHS has purchased over 2 billion rounds of ammunition and “assault rifles” for personal protection. America is preparing for a civil war, and to deny it is whistling past the graveyard of history.

The following opinion is that of avatar Warrior Class III in response to Senator Ted Cruz and immigration.

“Secondly, I believe we should expand legal immigration, reduce the barriers, reduce the waiting periods and I’ve introduced two amendments to significantly expand legal immigration, to double the caps on legal immigration from 675,000 to 1.3 million and to increase temporary high skilled workers by 500%.” – U. S. Senator Ted Cruz

Diversity:
Eventually, Americans will realize that we haven’t had a representative government since 1860, when big business got Lincoln into office and then declared war on the States. Free market capitalism died at the same time, we just didn’t realize it until 1913 when the Bankster cartel formally took over the Federal monopoly on power and money. We’ve had a fascist dictatorship since then and your vote has meant exactly squat. The only way to return to a Jeffersonian Representative Republic is the way our Founders did it in 1775.

Eventually, when Americans find that every person in the world is entitled to a job in the USA, except for them – all in the name of diversity. When they find themselves a dirt poor minority in the country their fathers founded. When they find out that diversity is not THEIR strength, but the strength of their enemies.
Eventually, but not today. Today many Americans will go to work at their corporate jobs chanting the mantra, “Diversity is our strength;” until it isn’t.
And it’s too late.

Supply and Demand:
The law of supply and demand dictates that an increase in supply results in a lower price.
An increase in the supply of labor, results in lower wages.
If you want to cut wages in half, double the workforce.
Almost half of the US population is here due to the Immigration Reform Act of 1965 and its subsequent iterations. Add to that the massive amount of work visas, student visas, and refugee visas, and you have doubled the labor market.
Comprende?

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Florida Bill Would Virtually Nullify All Federal Gun Laws

The Florida legislature will consider a bill that would prohibit any state agency from cooperating with enforcement of any federal gun laws – past, present or future.

Rep. Dan Eagle (R-Cape Coral) introduced HB733 on Monday. The Second Amendment Preservation Act declares that no agent of the state or its political subdivisions may participate with or assist federal agents in the enforcement of federal firearms laws, or provide material support of any kind to federal agents in the enforcement of these laws. State agents and/or contractors who knowingly participate in or provide support for the enforcement of federal firearms laws would be subject to dismissal.

“The Tenth Amendment to the United States Constitution expressly provides that all powers not delegated to the federal government are reserved to the states. Time and time again, Florida has proven that we have the best solutions to our own issues, whether it be healthcare, education, or our balanced budget, which is accomplished without raising taxes. When it comes to protecting our fundamental Second Amendment rights guaranteed by the Constitution, I believe it is best left to be handled by Floridians for Floridians,” Eagle said.

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h/t Matt Bracken

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Day of Rage: French cops clash with protesters at rally against Hollande

httpv://www.youtube.com/watch?v=oCxAsjo5-cU

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The French are protesting Socialism? Maybe Americans should go on the offense.

I wonder why our media is not reporting this?

David DeGerolamo

Posted in Editorial | Tagged | 1 Comment

Ann Coulter on why Republicans should go on offense

httpv://www.youtube.com/watch?v=3T3iFYKeGP8

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Let’s consider an alternative: Americans should go on the offense.

David DeGerolamo

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Louis Gohmert: Obama should ‘absolutely’ apologize for health care

httpv://www.youtube.com/watch?v=VNuCJeGbpF4

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So Help Me God

christian mercenary

by T.L. Davis

The battle for American liberty is the battle for American Christianity. Christians largely don’t get it. They are locked into a religious viewpoint, oblivious of the greater battle being waged against them and the word of God.

In order for the new socialist order to be completed in the United States, they must not only defeat the forces of liberty, but also the forces of Christianity. It is actually the religious zeal that they fear more than a few dedicated patriots. I suggest that the Marxist bureaucracy thirsts for the rebellion of the patriots, to kill off the last few hold-outs of Constitutional authority and to forever brand “patriots” as lunatics who should be disarmed and exterminated.

Christians give them more pause and for good reason. There are a lot more Christians than patriots and religious fervor is greater than patriotic fervor. Every war in the 21st Century has proven that. The fact that some of the patriots are also Christians is less relevant to them than if Christians became patriots.

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And Please Lord, Get Renee Ellmers Out of Congress

North Carolina Republican Rep. Renee Ellmers speaks during a hearing on implementation of the Affordable Care Act before the House Energy and Commerce Committee Oct. 24, 2013 on Capitol Hill in Washington, D.C.  (Photo by Alex Wong/Getty Images)

Rep. Ellmers backs conditional amnesty, fuels primary challenge

Ellmers declared her support for more guest workers and for citizenship for illegals after they complete a number of steps in a Jan. 18 op-ed in the Fayetteville Observer.

“If an individual wants to come to this country to work, to provide for his family and contribute to his community, he should be allowed to do so,” Ellmers wrote.

North Carolina Republican Rep. Renee Ellmers says the federal government should allow illegal immigrants to stay in the United States, and should welcome a new inflow of foreign guest workers.

Her support for foreign workers is fueling a primary bid by Frank Roche, an economics lecturer at nearby Elon University.

At campaign events, any mention of Ellmers’ support for amnesty, Roche told The Daily Caller, ”always gets the crowd roiled up — they do not want it.”

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h/t Kat D

Posted in Domestic Enemies, Editorial, Immigration | Tagged | 1 Comment

DISNEY CHANNEL INTRODUCES ITS FIRST LESBIAN COUPLE ON A KIDS’ SHOW

httpv://www.youtube.com/watch?v=KoEBdCsrOVs

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Would you let your child watch Disney?

David DeGerolamo

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Iranian Revolutionary Guards threaten US after Kerry says military option is ‘ready’

US Secretary of State John Kerry addresses the press before leaving Israel, January 5, 2014.

US Secretary of State John Kerry addresses the press before leaving Israel, January 5, 2014.

The head of Iran’s Revolutionary Guard Corps, Maj.- Gen. Muhammad Ali Jafari, threatened the US with a strong military response after American Secretary of State John Kerry said a military option to counter the country’s nuclear drive was “ready.”

“You could never understand the extent of the invasive capacity of the Islamic Republic of Iran,” Jafari said Saturday according to Iran’s Fars News Agency.

“Mr. Kerry must know that direct battle with the US is the biggest dream of pious and revolutionary people across the world. Your threats offer our revolutionary people the best opportunity,” he said.

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As Egypt’s president, El-Sisi shoulders huge security challenges: Muslim Brothers, Sinai terror, Gaza, water

Field Marshal Abdel-Fattah El-Sisi to run for president of Egypt

Field Marshal Abdel-Fattah El-Sisi to run for president of Egypt

Egypt’s Defense Minister and virtual strongman Gen. Abdel-Fattah El-Sisi had three options after the new constitutional referendum was out of the way. Should he run as president or pick a tame candidate, when to call an election and should it take place before or after the parliamentary poll: In fact, he rolled them all in a single package. Monday, Jan. 27, the general promoted himself to the rank of field marshal and resigned as defense minister preparatory to announcing his run for the presidency in a vote (still unscheduled) to take place before parliamentary elections.

He opted for the presidency even through the new constitution approved two weeks ago by a 98 percent popular majority substantially reduced the powers of that post, by removing the army from the jurisdiction of the executive branch of presidency and government.

The new charter transformed the military into an independent entity, its policies, decisions and operations free of the oversight of or intervention by the president or prime minister. The generals’ powers were thus enhanced to exceed those enjoyed by the authoritarian President Hosni Mubarak, or indeed his successors in post-revolution Egypt, while elected political institutions’ authority was attenuated.

Full democracy in Egypt has therefore been put on hold.

Gen. El-Sisi had to choose between running as president, and then flouting the new constitution by choosing his own tame defense minister and generals – or retaining defense and engineering the election of a docile president.

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Virginia Democrat: Not Enough Young People Signing Up for Obamacare

httpv://www.youtube.com/watch?v=oN2k8zv2n1U

Moran: ‘I just don’t know how we’re going to do it, frankly’

Retiring Rep. Jim Moran (D., Va.) said Obamacare could become undone because not enough millennials are signing up for the exchanges, WAMU reports.

While more than 40,000 Virginians signed up for health insurance last month, only 27 percent were part of the younger set the White House is depending on to fund the law, and Moran doesn’t expect those numbers to improve:

“I’m afraid that the millennials, if you will, are less likely to sign up. I think they feel more independent, I think they feel a little more invulnerable than prior generations,” Moran says. “But I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially.”

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