71514 Gleaning The Cut Off Time

by amongthenumberedsaints

It’s finally happened. Google has acquired Boston Dynamics, teaming up with some of the greatest minds in advanced robotics and engineering, cementing the inevitable coming of a robot uprising.

Google Is Officially Bankrolling the Robot Uprising

What’s more, with the upcoming DARPA Challenge, which sees NASA’s Valkyrie competing with what is now Google’s ATLAS, it’s safe to say we’re probably going to see something truly mind blowing very soon.

http://wallstreetonparade.com/2014/07/three-new-jpmorgan-it-deaths-include-alleged-murder-suicide/

Friends and colleagues say Julian Knott was a kind and thoughtful individual. The idea that he would orphan his three teenage children, leaving them with the memory of the brutal murder of their mother at the hands of a father they loved and trusted, is causing shock and disbelief among relatives and friends in the U.K.

The trader sent us his trade execution reports, and we matched up his trades with our detailed consolidated quote and trade data to discover that the mechanism described in Michael Lewis’s “Flash Boys” was alive and well on Wall Street.

You can clearly tell when the trade hits: activity explodes to over 80 quotes in 1 millisecond (this is equivalent to 80K messages/second as far as network/system latency goes). But the point here is that nothing was going on in this stock in the immediate period before this trade hits the market.

Worse, someone ELSE was filled for 1,570 shares during these same milliseconds! Remember, nothing was happening in Ford until his order came into the market.

Market Rigging Explained

Note that other than the first entry (which is a reference to how long the 24,800 shares was sitting in the books waiting for execution), there is only 3 milliseconds of time shown here! The entire trade is reported in about 15 milliseconds (but 82% completes in 5 milliseconds).

Looking at the table data, we note the first trade is 100 shares on BOST (NQ-OMX Boston) and belongs to our trader. Note, however, it was the 4th trade reported back to him (“4” in the last column).

The next trade is 67 shares at EDGE (New Bats Edge-A), and that someone else bought those shares (“X”). How does that happen?

Lines 4 and 5 are order cancellations of 100 shares and 600 shares from ARCA and NYSE respectively – all in the same millisecond!

Lines 6, 7 and 8 are trade executions from EDGE and belong to our trader – note the first trade (line 3) was also from this exchange but went to someone else. This also means that the order cancellations from NYSE and ARCA happened before any size appeared.

The next 19 entries (lines 9 to 27) show a flurry of order cancellations coming in from NYSE, ARCA, BATS, NQEX and EDGX. This is before the first trade execution at any of those exchanges! This flurry of cancellations removes 10,300 shares from the number of shares offered (Shares Avail. column drop from 21,400 down to 11,100)!

Within 2 milliseconds, half of the shares have disappeared, someone else stole 67 shares, and our trader has only 13.5% (2,700 shares) of his order filled!

Conclusion

All this evidence points to an inescapable conclusion:

The order cancellations and trades executing just before, or during the traders order were not a coincidence. This is premeditated, programmed theft, plain and simple.

Michael Lewis probably said it best when he told 60 minutes that the stock market is rigged. To the fantastic claims made by HFT that they provide liquidity, perhaps we should ask, what kind of liquidity? To the now obviously ludicrous claim that “everyone’s order uses the same tools that HFT uses”, we’ll just say, the data shows otherwise. To Mary Jo White and other officials who claim the market isn’t rigged and that regulators need to look at the data before making any decisions, well, you made it this far – if things aren’t clear, just re-read the above, or just call us and we’ll explain it to you. Or dust off Midas and lets us show you how to work with data.

One more note to the SEC in particular – if you believe that the industry can fix these problems on their own, then we believe you are no longer fit to regulate, because that is not, and never was, how Wall Street works. Honestly, a free for all, no–holds–barred environment would be better than the current system of complicated rules which are partially enforced, but only against some participants. And make no mistake, what is shown above is as close to automatic pilfering as one can get. It probably results in a few firms showing spectacularly perfect trading records; it definitely results in people believing the market is unfair and corrupt.

And to CNBC and other financial media companies who say these problems have all been fixed – we think you might have been lied to. Probably by the ones doing the market rigging.

And finally, to our regular readers: we are taking a break. Everyone has a limit to how much corruption they can witness and digest in a given period of time and we’ve simply reached our limit.

* * *

We wish Nanex an enjoyable break.

We here at Zero Hedge, on the other hand, are not only just getting started, but every new case of corruption (which inevitably 6/12/24 months prior was nothing but another ridiculous “conspiracy theory”) merely doubles our resolve to expose and chronicle this farce of a rigged market, rigged economy, and rigged political theater, as an aid to whatever comes next. One can only hope that the mistakes of this period of near-terminal lunacy will be studied and, hopefully, not repeated.

^^^It won’t  be repeated, this is ”The Cut Off Time”. Next up, 666…

And in a “developed world” obsessed with minizing the impact of fossil fuels and maximizing the size of friendly totalitarian governments everywhere, and which is one reserve currency announcement away from being far more insolvent than Venezuela, one can be sure that Venezuela’s experiment with air trax is coming to a socialist paradise near you.

Breathing The Air In Venezuela? Prepare To Pay

http://www.shtfplan.com/headline-news/murrieta-mutiny-border-patrol-will-not-obey-unlawful-orders-from-homeland-security-and-white-house_07152014

Given the recent history of such brazen actions by American citizens exercising their First Amendment rights, it was believed that the federal government would step in and begin detaining protesters in free speech zones or temporary holding facilities so that the buses could get through.

But that never happened.

Now, a highly credible insider speaking with GMN in a recorded interview has shed some light on what happened, and according to him things could have gone a whole different direction.

According to the whistleblower, who has thus far remained anonymous for fear of reprisal, the Department of Homeland Security on orders from the White House was preparing to disperse the protesters with physical force if necessary. Federal riot police were being mobilized, complete with riot gear, body armor and armored personnel carriers.

When local law enforcement and border patrol agents, many of whom live in Murrieta, got wind of the plot they reportedly pushed back against the Federal government and themselves protested behind closed doors.

By keeping all of the employees’ names and all the internal emails hush-hush, the public remains in the dark about where the culpability lies for these crimes against a devastated nation.

We know that one red-hot, smoking gun memo exists because the Financial Crisis Inquiry Commission Report talks about an internal whistleblower, Richard Bowen, taking his findings on toxic mortgages all the way to Robert Rubin, the former Treasury Secretary who sat on the Executive Committee of Citigroup and collected a whopping $115 million in compensation over a decade of watching the hubris pile up.

The majority of Americans were against the Wall Street bailouts but Congress defied the will of the people. The very least the U.S. Department of Justice can do at this point, having failed to criminally prosecute a single CEO or CFO of a major Wall Street bank, is give the public names and facts and internal documents so that the public has the ammunition to push for prosecutions and meaningful legislative overhaul.

http://wallstreetonparade.com/2014/07/7-billion-citigroup-settlement-about-those-25-million-missing-documents/

In the past four weeks, the SKEW has exceeded 140 three times: on June 20, July 2 and July 3. Only four other earlier readings, in June 1990, October 1998, March 2006 and December 2013, surpassed this threshold since calculations started in 1990. The chart shows all but the earliest occurrence, which happened four weeks before the S&P 500 peaked for the year.

Which seems to have been triggered at the FOMC meeting (when Fed confirmed QE will end in Oct)

http://www.zerohedge.com/news/2014-07-15/strategist-warns-skew-flashing-big-warning-signal-stocks

A few days ago it was that other great egaliatarian president, Barack Obama, who urged Americans to tear free from the shackles of cynicism and to unleash some more of that hopium that got Obama elected in the first place. Now it is the turn of that other just as impressive socialist, France’s own Francois Hollande, who just like Obama has seen his popularity rating crumble to unprecedented levels, come up with his own prescription for how to fix the troubles that ail France.

French President Urges His Countrymen: Stop Bashing Your Country, Have Some Confidence 

Bottom line: watch your president and government lie every day while pandering and preaching, working solely on behalf of the rich, while you rot away in your part-time jobs or worse, unemployed, surviving day to day on the measly pittance the government hands you to make you a docile little handout addicted serf, and at the end of the day, whatever you do, don’t become a jaded, cynical lamenter and disparager, but have “hope and confidence.” Truly the road to socialist utopia is paved with best intentions.

Armed wing of Hamas reportedly rejects Egypt’s Gaza cease-fire offer, calling it ‘submission’

Israeli officials said that the truce proposed by Egypt’s Foreign Ministry had been accepted by the cabinet shortly after it was due to take effect Tuesday at 9 a.m. local time (2 a.m. Eastern Time). Less than half an hour later, a senior Hamas official told The Associated Press that the group had rejected the proposal, claiming that Cairo had not consulted them

Iran Celebrates Use of Rockets Supplied to Hamas
Iran: ‘All Zionists are within the range of the resistance’s missiles’

Iranian military leaders on Monday celebrated Hamas’ use of advanced long-range rockets that were supplied to the terror group by the Iranian regime.

Iran’s role in arming Hamas militants with more sophisticated artillery capable of reaching deep into Israel has fueled concerns among lawmakers that U.S. negotiators are not doing enough to address Iran’s support for terror during ongoing nuclear discussions.

Russia, Saudi Arabia to Sign Civilian Nuclear Cooperation Deal

Russia and Saudi Arabia plan to sign an intergovernmental agreement in the civilian nuclear cooperation, the head of Russia’s Rosatom nuclear energy corporation said on Sunday.

“Everything is ready, at the level of delegations everything has been initialed and agreed. We expect to sign [the document] in the fall,” Rosatom chief Sergei Kiriyenko said..

Ten days ago, the sun was peppered with large spots. Now it is nearly blank. This image taken on July 15th by NASA’s Solar Dynamics Observatory shows a solar disk almost completely devoid of dark cores:

Long-time readers absorbing this image might be reminded of 2008-2009, years when the sun plunged into the deepest solar minimum in a century. The resemblance, however, is only superficial. Underneath the visible surface of the sun, the solar dynamo is still churning out knots of magnetism that will soon bob to the surface to make sunspots. Solar Max is not finished.

For today, though, it has been paused. Solar activity is low, and NOAA forecasters put the odds of an X-class flare at less than 1%.

http://www.spaceweather.com

Yellowstone Volcano: Supervolcano Eruption Would Last for ‘Many Months,’ Possible Even ‘Years’ (+Map, Effects)

“These giant eruptions in Yellowstone – the supervolcano, if you wish — probably last many, many months, maybe even years,” Smith said.

The story also discussed news that is actually six months old–that Smith and other scientists discovered that the magma pool underneath the volcano is about 2.5 times larger than previously thought.

The LRS-B was originally intended to be an ‘optionally manned’ bomber, but the Air Force has indicated the aircraft will be at least initially manned.

It is believed the planes will be larger, carry a bigger payload and have much longer range than the current generation of bombers.

A contract to move ahead with plans to develop the next generation heavy bomber is expected to be awarded next Spring.

David Cenciotti, who operates the popular blog The Aviationist, told FoxNews.com that he thinks a craft linked to LRS-B could already be in the sky.

‘My idea is that something related to LRS-B might be already flying,’ said Mr Cenciotti.

‘It could be a technological demonstrator, a prototype or even a production plane.’

He even said said an amateur photographer in Wichita, Kans., is believed to have photographed the plane.

‘Even if it may seem far fetched, I think the one over Kansas could be the next generation LRSB,’ Cenciotti said.

U.S. Air Force moves forward with super-secret next generation bomber that could one day fly without a pilot

On the third day of Operation Protective Edge, a Haaretz news update on 29-year-old Sareena Denis’s phone alerted her to horrifying news. Hamas had hit a chemicals plant in Haifa. The city was being evacuated. Twenty-five people were dead.

“I was so worried, I was so scared. It was this realization that the conflict escalated to a whole other level,” said Denis, a Chicago native who made aliya in 2010, and had been taking the semi-regular red alerts and trips to the bomb shelters in stride.

Yet none of the news sites was carrying the story, and none of her friends had heard about it. Soon, Haaretz clarified that the text messages sent to thousands of phones “were in fact sent from a fake account.”

“I was relieved, but at the same time I was so upset, because it’s very disturbing to know that some hacker or Hamas has my phone number,” Denis said. “Something about having my emotions manipulated, it just felt like, as terrorists, they had really achieved their goals. I just started bawling when I realized what had happened.”

The false message, written in English, was one of several that made its way to people’s phones during the operation. Though police do not yet know if the texts originated from abroad or within Israel, they are perceived as part of a psychological war waged by Hamas or its supporters, akin to the cyberattacks on Israeli websites that have proliferated in recent years.

http://www.jpost.com/Operation-Protective-Edge/Terror-texts-bring-cyber-warfare-to-mobile-phones-362756

Weizmann Institute scientists have demonstrated for the first time a photonic router – a quantum device based on a single atom that enables routing of single photons by single photons. This achievement, as reported in Science magazine, is another step toward overcoming the difficulties in building quantum computers.

This achievement was made possible by the combination of two state-of-the-art technologies. One is the laser cooling and trapping of atoms. The other is the fabrication of chip-based, ultra-high quality miniature optical resonators that couple directly to the optical fibers. Dayan’s lab at the Weizmann Institute is one of a handful worldwide that has mastered both these technologies.

The main motivation behind the effort to develop quantum computers is the quantum phenomenon of superposition, in which particles can exist in many states at once, potentially being able to process huge amounts of data in parallel. Yet superposition can only last as long as nothing observes or measures the system otherwise it collapses to a single state. Therefore, photons are the most promising candidates for communication between quantum systems as they do not interact with each other at all, and interact very weakly with other particles.

The world’s first photonic router
Jul 14, 2014

As we suggested last night, the anti-dollar alliance among the BRICS has successfully created a so-called “mini-IMF” since the BRICS are clearly furious with the IMF as it stands currently: this is what the world’s developing nations just said on this topic “We remain disappointed and seriously concerned with the current non-implementation of the 2010 International Monetary Fund (IMF) reforms, which negatively impacts on the IMF’s legitimacy, credibility and effectiveness.”

As Putin explains, this is part of “a system of measures that would help prevent the harassment of countries that do not agree with some foreign policy decisions made by the United States and their allies.” Initial capital for the BRICS Bank will be $50 Billion – paid in equal share among the 5 members (with a contingent reserve up to $100 Billion) and will see India as the first President. The BRICS Bank will be based in Shanghai and chaired by Russia.

Simply put, as Sovereign Man’s Simon Black warns, “when you see this happen, you’ll know it’s game over for the dollar…. I give it 2-3 years.”

BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks

Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund.

Brazil, Russia, India, China and South Africa –the so-called BRICS countries — are seeking “alternatives to the existing world order,” said Harold Trinkunas, director of the Latin America Initiative at the Brookings Institution.

At a summit Tuesday through Thursday in Brazil, the five countries will unveil a $100 billion fund to fight financial crises, their version of the IMF. They will also launch a World Bank alternative, a new bank that will make loans for infrastructure projects across the developing world.

The five countries will invest equally in the lender, tentatively called the New Development Bank. Other countries may join later.

BRICS bank: 5 emerging powers to announce alternatives to IMF, World Bank

Now, says Thomas Wright, a fellow at Brookings’ Project on International Order and Strategy, “they want a safety net if they fall out with the West.”

Developing countries have also been frustrated because the U.S. Congress has refused to approve legislation providing extra money to help the IMF make more loans to countries in trouble. The money is part of a broader reform program that would give China and other developing countries more voting power at the IMF.

Uri Dadush, an economist with the Carnegie Endowment for International Peace, sees no problem with the BRICS countries’ development bank and financial crisis fund. But he worries that the five countries’ decision to go outside of existing institutions provides more evidence of the “fracturing of the postwar (economic) system that gave us so much peace and prosperity. The system has not been able to adapt to the new reality, the rise of the new powers.”

According to the Rundschau, student organization Left-SDS, Islamists and some members of the Neo-Nazi group National Socialists Rhein-Main attended the anti-Israel protest. Flags from Turkey, Iraq, Saudi Arabia and Hamas were on display at the protest. Banners compared Prime Minister Netanyahu with Adolf Hitler.

Supporters of Assad’s regime were also present at the protest.

In a bizarre act of cooperation, German journalist and publicist Thomas von der Osten-Sacken reported on the website of the weekly Jungle World that Frankfurt’s police allowed the demonstrators to use a police vehicle and loudspeaker to blast anti-Israeli slogans. According to a police statement, the authorities allowed the use of their equipment in order to deescalate the situation. The Jungle World article sarcastically titled its account, “The Police, Friend and Helper.”

http://www.jpost.com/International/Neo-Nazis-Islamists-chant-You-Jews-are-beasts-during-protest-of-Israeli-operation-362742

Iran is offering to hold off from expanding its uranium-enrichment program for about seven years in negotiations with six world powers, Tehran’s foreign minister, Mohammad Javad Zarif, said in remarks published by The New York Times Tuesday.

Iran could accept deal to halt nuclear program for seven years, FM says 

US Secretary of State John Kerry blamed Hamas for powering through a ceasefire with Israel, brokered by the Egyptian government and accepted by Israel’s cabinet Tuesday morning.

At least 35 rockets have been fired from the Gaza Strip since the ceasefire was set to begin, mere hours ago.

Kerry slams Hamas for bucking ceasefire with Israel

Israel’s government has accepted the proposal, but Hamas – the primary perpetrator of rocket fire from Gaza against Israeli cities and towns over the last month – has yet to respond to the paper, which calls for an end to hostilities followed by dialogue.

“The Egyptian proposal for a ceasefire and negotiations provides an opportunity to end the violence and restore calm,” Kerry said. “We welcome the Israeli cabinet’s decision to accept it. We urge all other parties to accept the proposal.”

Kerry will instead return to Washington from Vienna, where he has been engaging Iranian leadership directly over its controversial nuclear program.

Embarrassment for Tony Blair as Middle East ceasefire plans backed by him crumble within hours as Gaza fires scores of rockets and Israel resumes air strikes

Tony Blair’s involvement in the Middle East peace process came under scrutiny today as a ceasefire between Israel and Gaza proposed by Egypt and backed by Britain’s former PM crumbled in hours.

The speedy resumption of violence, less than a day after Egypt presented its ceasefire plan, illustrated that it will be harder this time than in the past to negotiate an end to Israel-Hamas fighting.

A key difference to a previous truce in 2012 is that Hamas does not trust the current rulers of Egypt who deposed a Hamas-friendly government in Cairo a year ago.

China claims 90 percent of the South China Sea, which is believed to contain oil and gas deposits and has rich fishery resources. Brunei, Malaysia, the Philippines, Vietnam and Taiwan also lay claim to parts of the sea, where about $5 trillion of ship-borne trade passes every year.

China’s official Xinhua news agency said authorities had on Tuesday deported 13 Vietnamese fishermen and released one of two trawlers seized recently for illegally fishing close Sanya on the southern tip of China’s Hainan island.

Relations between China and the Philippines have also been tested in recent months by their dispute over a different area. A Foreign Ministry spokesman in Manila said the Philippines strongly supported the U.S. call for all sides to stop aggravating the tension.

China tells U.S. to stay out of South China Seas dispute 

Who could have seen this coming?

http://www.zerohedge.com/news/2014-07-15/vix-slammed-algos-forget-why-they-sold-30-mins-ago

BP’s annual report on proved global oil reserves says that as of the end of 2013, Earth has nearly 1.688 trillion barrels of crude, which will last 53.3 years at current rates of extraction.

How long will world’s oil reserves last? 53 years, says BP

Such methods are helping the United States, for example, to achieve energy independence. But that won’t apply to China, a huge customer for fossil fuels. BP says Asia-Pacific oil reserves will last only 14 years at current rates. That means China will have to keep importing oil, putting further strain on global reserves.

The Middle East Is “Fixed” – WTI Crude Drops Below $100 For First Time Since May 

We can hear the headlines now… thin of the tax cuts, think of the improved discretionary spending, see Iraq was a storm in a teacup… WTI Crude’s drop back below $100 provdes so much great news for the world that many perhaps are missing that the world and his brother were long black gold into this and this squeeze appears anything but reflective of the rising tensions… (or is it due to tumbling demand?) Russia won’t be happy – time to escalate.

http://www.telegraph.co.uk/news/worldnews/europe/ukraine/10967316/Ukraine-and-Russia-edge-closer-to-war-amid-accusations-of-cross-border-attacks.html

Russia and Ukraine lurch closer toward open warfare on Monday as both countries accused each other of lethal cross-border attacks including the downing of a Ukrainian plane, and Moscow appeared to resume a build up of troops on its south-western frontier.

The Russian government warned Ukraine could face “irreversible consequences” in response to cross border shelling that killed one person on Sunday, but backed off from reports that it was considering “retaliatory precision strikes” in what would be the first conventional Russian intervention in the conflict in eastern Ukraine.

Sunday’s shelling, which struck a residential house just across the Russian border, was the latest of several incidents of cross-border fire in areas where Ukrainian forces are struggling to win back control of crossings seized by pro-Russian rebels. Kiev has blamed the latest incident on rebel fighters trying to draw Russia into the war.

“The cruder and the more monstrous the lie, the better it will look for the Russian propaganda machine,”

Russian state television has provoked a storm of criticism after it aired an uncorroborated report claiming that the Ukrainian army publicly nailed a three-year-old boy to a board in a former rebel stronghold.

Ukraine accused Russia of ratcheting up its propaganda war by airing an interview in which a woman gave graphic details of the alleged incident in the Ukrainian flashpoint city of Slavyansk, which neither AFP nor other media have been able to confirm.

Channel One television at the weekend broadcast footage of a woman who said she recently saw Ukrainian soldiers round up people in central Slavyansk, which the army took over this month after three months of clashes with separatists, and nail an insurgent’s child to a notice board.

A spokeswoman for Ukraine’s interior ministry, Natalya Stativko, on Monday slammed the report as “following in the footsteps of Goebbels,” Nazi Germany’s minister of propaganda.

Russian TV sparks outrage with Ukraine child ‘crucifixion’ claim

Despite reassurances from US asset-gatherers and TV ‘personalities’ that Portugal must be fixed (because US equities are up), it is anything but. Today’s triple whammy from the ‘recovered’ Portugal starts with Banco Espirito Santo bonds and stocks hitting new record lows (down over 10% more on the day). The contagion has rippled across to Rioforte, which controls Grupo Espirito Santo’s non-financial arm – and is likely to default on a EUR 847 million payment to Portugal Telecom. And just to add further salt to that wound, Portuguese business lending in May collapsed at a record pace (down 8.23%). But apart from that, yeash Portugal is all fixed and their sovereign bonds are worth every penny…

Portugal Contagion Spreads: Espirito Santo To Default On Portugal Telecom Loan, Business Lending Drops Most On Record

Dr. Thomas R. Frieden, the head of the Centres for Disease Control and Prevention, spent much of Wednesday finalizing a report that would let the public see, in embarrassing detail, how the sloppy handling of anthrax by scientists at its headquarters here had potentially exposed dozens of employees to the deadly bacteria.

But just as he was sitting down for a late-afternoon lunch at his Washington, D.C., office, an urgent call came in. There had been another accident, this one just as disturbing, if not more so – and no one in the agency’s top leadership had been informed about it until that Monday, though the CDC’s lab had been told about it more than a month earlier.

Crisis of faith at CDC after latest blunder: It somehow shipped a deadly strain of bird flu to a poultry lab

CDC workers had somehow shipped a dangerous strain of avian influenza to a poultry research lab run by the Department of Agriculture. Known as H5N1, the virus had killed more than half of the 650 people who had been infected with it since 2003.

The recent revelations have created a crisis of faith in the federal agency, prompting calls for an independent body to investigate such incidents in the future, as well as for sweeping changes at the agency and to a sprawling web of research labs that has grew after the 2001 terror attacks led to an intensified focus on microbes that could be used as biological weapons.

Death toll from Ebola outbreak reaches 603, West Africa

Some of the tools use the same methods that the US and UK have prosecuted online activists for, including “distributed denial of service” attacks and “call bombing.”

Snowden files: Manipulating polls, netting from LinkedIn, YouTube in GCHQ bag of tricks

The single largest source for the federal government’s record tax receipts in the first nine months of FY 2014 was the individual income tax, which brought the Treasury approximately $1.0458 trillion.

The second largest source was what the Treasury calls “Social Insurance and Retirement Receipts,” which includes the Social Security payroll tax, the unemployment insurance tax and other retirement taxes. This accounted for $784.479 billion in tax revenue.

The third largest source of federal revenue in the first eight months of fiscal 2014 was the corporation income tax, which brought in $235.018 billion.

Federal Tax Revenues Set Record Through June; Feds Still Running $385.8B Deficit

Federal tax revenues continue to run at a record pace (in inflation-adjusted dollars) in fiscal 2014, as the federal government’s total receipts for the fiscal year closed June at an unprecedented $2,258,565,000,000 according to the Monthly Treasury Statement.

With $323.646 billion in revenue coming into federal coffers in June alone, the federal government spent $253.127 billion, and ran a surplus for the month of $70.519 billion.

However, despite this one-month surplus, the government has still run a cumulative deficit of $385.855 billion in the first nine months of fiscal 2014. (The federal fiscal year began on Oct. 1, 2013 and will end on Sept. 30, 2014.)

Is NASA sending a spacecraft to a nearby asteroid to bring back a rock sample or to check out a pyramid on its surface? That’s the question being asked by many who have seen a video and photos purported to have been created by the Indian Space Research Organization (ISRO) showing what appears to be a large black pyramid on asteroid 1999-RQ36, the target of the OSIRIS-REx mission scheduled for launch in late 2016.

Mummy, Is There a Pyramid on That Asteroid?

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