Sorry it took so long for me to realize that the Daily Bell has returned! I will resume choosing an article from there starting tomorrow!
When QE1 ended there was a substantial stock market correction, and when QE2 ended there was a substantial stock market correction. And if you will remember, the financial markets threw a massive hissy fit a few months ago when Federal Reserve Chairman Ben Bernanke suggested that the Fed may soon start tapering QE3. Clearly Wall Street does not like it when their supply of monetary heroin is interrupted. The Federal Reserve has tricked the American people into supporting quantitative easing by insisting that it is about “stimulating the economy”, but that has turned out to be a massive hoax. In fact, I just wrote an article that contained 37 statistics that prove that things just keep getting even worse for ordinary Americans. But quantitative easing has been exceptionally good for Wall Street. During QE1, the S&P 500 rose by about 300 points. During QE2, the S&P 500 rose by about 200 points. And during QE3, the S&P 500 has risen by about 400 points. The S&P 500 is now in unprecedented territory, and stock prices have become completely and totally divorced from reality. In essence, we are in the midst of the largest financial bubble this nation has ever seen. So what is going to happen when the Fed starts pulling back the monetary crack and the bubble bursts?
Google engineering director Scott Huffman says that within five years people will have microphones attached to their ceilings and microchips embedded in their brains in order to perform quicker internet searches.
In an interview with the London Independent, Huffman said that Google was working towards a concept based around microphones hanging from the ceiling that would respond to verbal queries.
“Like a great personal assistant, it will interrupt you and say ‘ you’ve got to leave now’. It will bring you the information you want,” said Huffman, adding that “five years from now….Google will answer you the same way a person would answer.”
When challenged on the likelihood of such a system being vulnerable to NSA wiretapping, Huffman glibly responded that people should just trust Google (a company that allowed the NSA to mine data from its cloud network “at will”) to safeguard their information.
Type 2 diabetes is a disease that develops gradually from metabolic disorders that morph into prediabetes. Both diabetes type 1 and type 2 are similar in one respect: There is too much blood glucose (sugar), and it’s not being metabolized by one’s cells into energy.
Type 2 diabetes is much more prevalent in our current junk food culture than type 1. Around 10 percent of diabetics are type 1. Insulin is normally secreted from the pancreas to promote proper metabolism of glucose. With type 1 diabetes, the pancreas does not produce enough insulin.
With type 2, the body’s cells have become insulin resistant, with insulin receptors malfunctioning even while the pancreas produces what should be a sufficient amount. Adding insulin for type 2 diabetes is usually ineffective.
Even mainstream medicine recommends life style changes for type 2 diabetics that include diet and exercise. A sedentary lifestyle with no exercise, and high consumption of high-calorie, low-nutrition processed carbs usually causes obesity, metabolic disorder syndrome or prediabetes.
Despite the Obama administration’s claims of economic growth, the truth is that in most states the private sector is shrinking and the public sector is expanding as a proportion of the workforce. In fact, say researchers Keith Hall and Robert Greene, since the beginning of the Great Recession, the private sector has shed jobs in almost every state, while the increase in taxpayer-funded employment has been masked by the use of contractors rather than outright employees.
“In 2012,” Hall and Greene wrote in a recent report for George Mason University’s Mercatus Center, “public-sector employment made up more than 16 percent of the U.S. labor market.” That in itself is bad enough; but as the men observed, “Direct government employment fails to capture the full impact of government spending on state labor markets.”
To determine that “full impact,” Hall and Greene estimated the number of jobs in each state that are funded by federal contract dollars and added them to the number of actual public employees in that state. When they did that, they found that public-sector employment grew by almost 3.5 million jobs to a national average of 19.2 percent of the workforce. In other words, nearly one-fifth of all workers in the United States are employed either directly or indirectly by government.
The percentages, of course, vary from state to state. In some states, such as Delaware and Oregon, federal contract-funded private-sector jobs make up just 0.7 percent of the workforce. Indeed, “in more than half of the states, less than 2 percent of the labor market is employed by jobs funded by federal contract dollars,” noted Hall and Greene. In others, however, contractors account for a significant portion of the workforce: 7.7 percent in New Mexico and Maryland and 10.7 percent in Virginia. (Virginia and Maryland are in the ambit of Washington, D.C., so it’s not surprising that they get large numbers of federal contracts.)
The Daily Bell has this important article on the decline and fall of the West.
FT Explains the Decline and Fall of the West … Thanks!
The west is losing faith in its own future … Living standards are even under pressure in countries that have done relatively well … American and European politicians like to talk about values and institutions. But for billions of people around the world, the crucial point is simpler and easier to grasp. The west is the part of the world where even ordinary people live comfortably. That is the dream that makes illegal immigrants risk their lives, trying to get into Europe or the US. Yet, even though the lure of the west remains intense, the western world itself is losing faith in its future. Last week Barack Obama gave one of the bleakest speeches of his presidency. In unsparing terms, the US president chronicled the increasing inequality and declining social mobility that, he says, “pose a fundamental threat to the American dream, our way of life and what we stand for around the world”. – The Financial Times
Dominant Social Theme: The West is failing … and it is a terrible thing.
Free-Market Analysis: The Financial Times does us the favor of advancing what we call directed history in this article.
Gun sales, profits, and share prices among top firearm manufacturers have rebounded since the mass shooting of December 2012 in Newtown, CT, exceeding levels seen before the tragic incident that left 26 dead at Sandy Hook Elementary School.
A financial disclosure Monday by the Freedom Group – a collection of gun manufacturers also known as Remington Outdoor Co., which makes the Bushmaster assault rifle used in Newtown – reported that its sales in the past year have risen as much as 36 percent.
The company predicts 2013 sales will total at least US$1.25 billion; 2012 sales checked in at $931.9 million. Freedom Group also expects a 50 percent profit increase from 2012.
The company’s parent organization, Cerberus Capital Management, put Freedom Group up for sale shortly after the Newtown massacre, expecting a wave a tough gun laws to pass nationwide. The Wall Street Journal reports a deal is near to bring in a minority investor for the financially healthy company, which is reportedly worth US $1.2 billion.
A former Secret Service agent who protected both Presidents George W. Bush and Barack Obama says he has identified where the political system is broken and what needs to be done to fix it.
Dan Bongino’s recent addressed to the Heritage Foundation, recorded by WND-TV, spelled out why he resigned from his six-figure Secret Service job to embark on a campaign to warn the American people of the dangers of an out-of-control, unaccountable government.
Bongino, who authored the explosive New York Times bestseller “Life Inside the Bubble: Why a Top-Ranked Secret Service Agent Walked Away From It All,” resigned in 2010 to sound a clarion call to the American people in defense of sane government and the U.S. Constitution.
He told the audience when he entered government work, “I thought I had already seen it all.”
But he hadn’t.
The “coming persecution of Christians” has already begun. It is already here. So why is the mainstream media in the United States almost totally silent about this phenomenon? When some politician somewhere around the globe inadvertently offends homosexuals or Muslims, it instantly makes headline news. But very few Americans are even aware that it has been estimated that 100 million Christians are currently facing persecution and that approximately 100,000 Christians die for their faith each year. As you are about to see, Christians all over the world are being burned alive, beheaded, crucified, tortured to death and imprisoned in metal shipping containers just because of what they believe. This persecution goes on year after year and it is steadily intensifying. But the governments of the western world and the mainstream media are almost entirely ignoring what is happening.