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Boxed Merlot

Boxed Merlot
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  • Warning Signs Suggest Market Headed for Another Collapse [View article]
    ..I buy into a lot of the evidence presented by these sources, and believe that one gains a better grasp of financial reality spending 10 minutes with Zero Hedge than spending 2 weeks listening to the mainstream financial media...

    You want anomalies? Try these:

    "It's Not A Market, It's An HFT 'Crop Circle' Crime Scene" - Further Evidence Of Quote Stuffing Manipulation By HFT

    T. Durden 07/31/2010 05:40 -0500

    The comment thread is equally unnerving. imo.
    Aug 2, 2010. 11:04 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    A new report from the Congressional Oversight Panel found ... a lasting effect of TARP may be a more concentrated banking system...

    This is reported as though it was an unintended consequence. Give me a break. Gangsters, Banksters, Calsters, these monied interests continue to wreak havoc on the US middle class, annihilating productivity and coddling each other in their attempt to gain even greater control over sovereign citizen's futures. imo
    Jul 14, 2010. 10:44 AM | 6 Likes Like |Link to Comment
  • Louisiana Oil Spill Threatens Future U.S. Oil Supply [View article]
    The following comments were lifted from an article by Paul Noel
    for Pure Energy Systems News:

    "The oil industry has knowledge of the deposit more than they admit. The deposit is 100 miles off shore. They are drilling into the edge of the deposit to leak it down gently to be able to produce from the deposit. The deposit is so large that while I have never heard exact numbers it was described to me to be either the largest or the second largest oil deposit ever found. It is mostly a natural gas deposit...

    It is this deposit that has me reminding people of what the Shell geologist told me about the deposit. This was the quote, "Energy shortage..., Hell! We are afraid of running out of air to burn."

    The deposit is very large. It covers an area off shore something like 25,000 square miles. Natural Gas and Oil is leaking out of the deposit as far inland as Central Alabama and way over into Florida and even over to Louisiana almost as far as Texas. This is a really massive deposit. Punching holes in the deposit is a really scary event as we are now seeing."

    In addition:

    "The rig that was drilling was not a US Flagged rig. That means US Inspectors were not allowed on board the rig to inspect it. As a matter of National Security under the GATT the USA has a right to demand US Only in various technology. The USA should never allow a foreign flag vessel to drill for oil in the US Economic Zone (200 mile limit)..."

    I realize the implications of this event are not only ecologically / environmentally and economically tragic, but this angle of who dropped the ball from a National Security standpoint should be investigated to the nth degree and those found responsible for their (in)action dealt with appropriately. imo.
    May 3, 2010. 09:10 PM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Madoff victims can't recoup fake profits...

    Why wasn't this stroke of genius applied to the
    AIG "investors"?
    Mar 2, 2010. 10:23 AM | 6 Likes Like |Link to Comment
  • Recovery and Economic Optimism: What a Difference a Year Makes [View article]
    Seems to me no matter how loud and fast the music gets played this time around, those left without a chair to sit in when it stopped last time are reluctant to get off the floor (or their relative's lap) to play again until those perceived responsible for removing all the chairs are properly disposed of themselves. And who can blame them? For them, this hasn't been a "game". And who still sitting is ready to get up from their current chair knowing the same forces that stopped the music before can stop it again just as quickly? I can't tell you the number of people I've seen moving into their rental units, eating their seed corn and wishing November followed February.
    Feb 20, 2010. 01:14 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    ...Judge Rackoff should just let the SEC-BofA case settle and start prosecuting the idiots at AIG and those government agents that facilitate them. ..

    Reminds me of a Mark Twain quote something to the effect of ..suppose you were an idiot, now, suppose you were a member of congress, oh, but I repeat myself.
    Feb 18, 2010. 10:16 AM | 6 Likes Like |Link to Comment
  • What's Next for Gold and the Dollar? [View article]
    On Oct 14 09:32 AM diogeron wrote:

    > I think the Obama "regime" bashing is unfair. …and to criticize this administration
    > in a vaccum … is simply disingenous as any fair minded
    > person would have to conclude.

    “Unfair” Please don’t confuse a democratically controlled congresses’ funding of a military action prior to our current executive’s arrival as a purely republican idea. Truth be told, both parties have plenty of guilt to shoulder for the current malaise, and not all of which is fully attributed to our presence in that troubled area of the globe. They seem to have a different approach at paying off their respective handlers however, and that’s where the timing occurs for sovereign individuals to reallocate their personal assets to protect, produce and provide for themselves and their loved ones. That seems to me to be the point of this article.
    Oct 14, 2009. 10:49 AM | 6 Likes Like |Link to Comment
  • Washington's Dilemma: This Isn't a Recession, It's a Collapse [View article]
    And may I re-iterate, objective redistricting without regard to demographically defined party affiliation.

    On Jul 15 12:07 AM MWRjr wrote:

    > The only solution is to throw out all the career politicians and
    > install term limits so that they will not have an incentive to buy
    > votes for the next election.
    Jul 15, 2009. 01:48 AM | 6 Likes Like |Link to Comment
  • How Rational Discrimination Affects Unemployment and Foreclosure Rates [View article]
    There's a pony in here somewhere.

    On Jul 05 09:49 AM Gem Hudson wrote:

    > Paying off the Chinese no longer in our paper dollar no longer pay
    > off the debt. Paying down the debt takes money earned or you have
    > a junk bond rating. Because print money is nothing but paper money
    > until earned.
    > Earned money is capital money and money capital is to produce and
    > to sell what you have produced and an appreciating dollar is in its
    > economics but a depreciating dollar is what cost more than what could
    > be made in the money. Spending more by hyper-inflating more makes
    > the money nothing else but paper money.
    > Negative equity is when the surplus still is more than what they
    > could ever afford and there is no refinancing.
    Jul 5, 2009. 04:46 PM | 6 Likes Like |Link to Comment
  • National Health Insurance, 'Cap and Trade': Two Steps in the Wrong Direction [View article]

    On Jun 28 08:57 AM yellowhoard wrote:

    > All of us need to understand who we are dealing with in D.C.
    > These are the angry marxist college students from the sixties. Many
    > of our leaders today loath the US for what it is. They really want
    > to see, and have engineered, a crash in the system.
    > They are heaping obligations on the system so onerous that the system
    > will implode. They want a revolution.
    > Their goal is even distribution of wealth, not a thriving economy.

    Rather: Their goal is even distribution of whats left of the wealth of our nation after they've plundered everything they and their cohorts can of the fruits of our efforts, not a thriving economy.
    Jun 28, 2009. 04:39 PM | 6 Likes Like |Link to Comment
  • Back in the U.S.S.A. [View article]
    On Jun 21 06:10 PM User 357705 wrote:
    ...Wake up and smell the ink! ... Lastly, the wealthy are not paying their fair share in USA. …

    While the following may come as a surprise to you, this is culled from a time during which our current Vice CEO claims the people over $250K income level hadn't been participating as good citizens and need to pony up more in order to be considered “Patriotic”.

    “The U.S. tax system is highly progressive. The top 1 percent of income earners paid 40 percent of all federal income taxes in 2006 , the top 10 percent paid 71 percent, while the bottom 50 percent paid 3 percent. Further, 32 percent of all tax returns with positive adjusted gross income , 43 million total, filed in 2006 were from people who paid no federal income tax at all.”

    Unfortunately, I had to obtain this information from the Heritage Foundation’s website because the only information available from the administration’s websites are skewed to reflect income levels of “the rich” rising instead of the contributions these people with higher incomes are making to the coffers of our country. The question I have to ask is of course, if the top 1% pay 40%, the top 10% paid 71% and that’s not enough, then what is ?

    As so many have eluded to earlier, it appears this struggle is not so much about facts as much as it is stoking the embers of class warfare and unscrupulous “leaders” creating divisions that keep us weak and suspicious of one another when we should instead be honoring productive achievement. I am as wary of our government taking over a business as much as I would if the government were to assume ownership of a / the Church. That's where the seperation needs to be maintained. The church, government and business must have relationships, but they're independant of one another and must remain so. The church contributes moral fiber, government has the power of the sword and business owns the tools of production. We need all three to cooperate but they must remain seperate.

    End of Rant.
    Jun 22, 2009. 02:46 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    People who refinanced and took $10,000's of dollars of equity out of their houses and then defaulted should be the first to goto jail...

    I disagree. They should be made to adhere to the terms of the contract. All contracts have clauses as to the remedy in case of default. Jail is not one of them.

    What ever happened to the notion of the rule of law?

    The fact that financial institutions bifurcated / killed mortgages and created the fraudulent firm MERS to hide their maleficence and then insured their criminal conduct before any mortgage payers saw reductions in their principles is conveniently overlooked by all those continuing to hide in the smoke.

    If someone refinanced and took equity out of their home it's theirs to do so. The interest charged is the lenders pay for the risk of possible default and quite honestly, most lenders would just as soon receive clear title to the property as the subsequent payments. Unfortunately "clear title" is what they destroyed before residents began defaulting en masse.
    Aug 7, 2013. 12:08 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    in China. All land is owned by the government...

    Ya know, I was taught that too, but then there's this phenomenon of the Chinese "Nail Houses". Do a google search, they put US nimby antics to shame.

    And by the way, all the land in the US is owned by the state. All one has to do is stop paying property taxes and see who ends up with it.
    Jul 25, 2013. 10:30 AM | 5 Likes Like |Link to Comment
  • Government contractor Booz Allen Hamilton (BAH) has become caught up in the revelations about the National Security Agency's surveillance programs after one of its (soon to be former?) employees, Edward Snowden, came forward as the source of the leaks. Booz Allen has said in securities filings that leaks could hurt its business - the firm generated 98% of its $5.76B in revenue in the last fiscal year from the government, with 23% coming from intelligence work. [View news story]
    I'd like to think their announcement of this man's actions being unethical is a sick joke. To think a "non-government" agency has been hired by a US government entity to perform these kinds of tasks and obtain this kind of information is reprehensible to say the least.

    The likelihood of a citizen of the US to be the victim of a "terrorist" anywhere on earth is less than 1 in 20 million in a given year. I'd take my chances with those odds than an out of control government any day.

    As has been mentioned elsewhere, the wheels have come off, we're shooting sparks off the rims at this point.
    Jun 10, 2013. 02:37 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    What do they care if they are repaid--the FED member banks don't get their imaginary p+i back? I don't think the individual banks carry the lendings on their balance sheets. Anybody know?...

    Isn't the model the BOJ? Of course the answer is a jubilee, there's no escaping it. The problem and question is the event that precipitates the eventuality. War? Civil rebellion? Economic armeggon?

    I opt to end the fed. Restore constitutional currency. Those guys that built our foundation would be appalled at what these criminals have cobbled together and past off as legitimate wealth.

    Jan 25, 2013. 10:14 AM | 5 Likes Like |Link to Comment