72613 The Lion Approaches
If you get caught collecting photons of sunlight for your own use you can drop a fine not exceeding 30 million.
U.S. federal debt has been stuck at $16,699,396,000,000.00 for 68 straight days, according to the Daily Treasury Statement on July 24. That amount is exactly $25 million less than the legal borrowing limit of $16,699,421,000,000.00 set on May 17, 2013. But that’s only part of the story.
“Total Public Debt Outstanding” is already $38.82 billion above the statuary debt ceiling and now at $16,738,106,000,000.00.
Joining these bond losers is the all-wise, all-knowing Federal Reserve, who, courtesy of its massive Treasury holdings (NYSEARCA:TLT), suffers paper losses of approximately $3 billion for every 0.01% rise in interest rates. Maybe the omnipotent Fed isn’t so omnipotent after all.
With millions of Americans across the country facing default and foreclosure banks are hiring outside firms to take possession of their homes. It is often the case that those living in homes that have been repossessed by their lender stay until the very last minute, or simply aren’t aware of their final eviction date. In such cases these firms simply enter the home, take all of the personal belongings of the tenants, and restrict access. Usually, the tenant has no recourse and may never have their personal items returned to them. It’s a common practice that happens every day in modern day America.
The day of reckoning will come and when it does the bankers and brokers who have made a living off the backs of hard working Americans better hope they used some of their stolen loot to build underground bunkers, because the masses will be looking for payback, and they won’t be carrying picket signs.
They’ll be carrying pitchforks, nooses, and AR-15′s.
The classified document released by the FBI read:
An identified [DELETED] as of October planned to engage in sniper attacks against protestors (sic) in Houston, Texas if deemed necessary. An identified [DELETED] had received intelligence that indicated the protesters in New York and Seattle planned similar protests in Houston, Dallas, San Antonio and Austin,Texas. [DELETED] planned to gather intelligence against the leaders of the protest groups and obtain photographs, then formulate a plan to kill the leadership via suppressed sniper rifles.
Of course all of this is buried in the AOL Real Estate section that is all about housing finance and market conditions, never to be seen in the top stories or even perhaps a featured article. Articles like these are why I dig through the news and find these hidden gems that are thrown in the back of niche sections and brushed off by mainstream news. What it comes down to is that if we sit around and ignore other citizens being assaulted by the system, we will be next.
Higher taxes are likely to result and Detroit will set a new and different kind of template for owners of Municipal Bonds.
I mark September 22, 2013 as one of those singular days. This is the date of the German elections.
In the meantime we will face the scourge of the SAC massacre. Not even Berlin can prevent this fallout I am afraid. It is going to be one mother of a massive liquidation and I do not believe anyone is prepared for it.
Security researcher Barnaby Jack has passed away in San Francisco, only days before a scheduled appearance at a Las Vegas hacker conference where he intended to show how an ordinary pacemaker could be compromised in order to kill a man.