The Date-less Fed, Brain-Dead Country

If you’re wondering why the market blew through 75-points yesterday, you don’t have but one click to go to find the answer:  The Fed Rate decision which can be read (if you’re a little too amped for your own good) over here.  The highlighted parts below tell it all:

The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee’s holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.

When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.

Don’t look now, but that’s FedSpeak (depending on how well you did in our “Read Between the Lines Class”) for “No rate hike in sight, deflation has scared the hell out of us.”

It’s just they can’t say that. 

So instead they mumble, use high falutin wordsmithing and don’t have a clue.  Except, the now linked central bank backrooms have it all wired, of course…

It may take a while to get organized, but “Sell in May and Go Away” is just a day away and there’s a fair chance that by June, the 10 year will be lower, the Dow will be lower, we will finally get our goal line stand at S&P 2,040, and gold should be back down to $1,150.

That is, if there isn’t something else coming in the way of a major distraction to keep the economic picture from being front and center.

A couple of press releases to chew on this morning:  Bureau of Economic Fairytales first:

“Personal income increased $6.2 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $1.6 billion, or less than 0.1 percent, in March, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $53.4 billion, or 0.4 percent. In February, personal income increased $66.4 billion, or 0.4 percent, DPI increased $61.2 billion, or 0.5 percent, and PCE increased $20.8 billion, or 0.2 percent, based on revised estimates.

(blah, blah, blah till we get to the punch line…)

Personal saving — DPI less personal outlays — was $702.6 billion in March, compared with $758.6 billion in February. The personal saving rate — personal saving as a percentage of disposable personal income — was 5.3 percent in March, compared with 5.7 percent in February.

And I’m the Pope.  Next?…La Bore Department…

“Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, for the 3-month period ending March 2015, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.7 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.6 percent.

The market was looking to open on the soft side…gold was down a dozen….

Idiotic Health Note

An Apple a day doesn’t not keep Irish auditors away.

Baltimess

As I pointed out to Peoplenomics™ readers recently, one motivation for the government to botch the Baltimess may be pending expiration of key parts of the Patriot Act due to expire June first.

No doubt about it, widespread warrantless surveillance is a mighty powerful tool, and lots of folks in government don’t want to lose power.  (Do they ever?)

So when we read this morning about how the Baltimore “Protests” are about to spread to other parts of the country, we look at the pending 5-year extension (and expansion) of the Patriot Act and wonder how many of those professional agitator types are secretly on the dole?  Yep – put the handcuffs on the whole country, while you’re at it.

While attorneys for arrested rioters are bitching about their bail being too high, we notice that their being off the street has (coincidentally?) come with a quieter night in Mobtown.

Meantime, a report in the Washington Post quotes a prison in the police van with Freddie Gray as saying he was trying to injure himself.

What’s more, CNN is quoting two new sources that question the narrative that Gray died at the hands of police….

The whole thing begins to stink to high heaven, and we have Loretta Lynch, on the job since Monday, weighing in.

So Boston, NY, Minneapolis, Ferguson (again), and other cities are likely to see protests, and it will all lead to more gullible Fools on the Hill putting the whole damn county in electronic handcuffs for another five years…which we are just ever-so-sure is a coincidence.  I got a side bet on Dallas or Houston lighting off, too, but that’d be to pimp Jade Helm which we’ll get to in a sec…

Nice how Samaritan is playing this one, though,  eh?

One of Baltimore’s nickname is “America’s Comeback City.”  I’m thinking that’s gonna be Takeaway here, shortly.  As in “Rights.”

Jade Hell

When the Texas governor puts his teams on watch to be on the lookout for a Federal Takeover effort, you know it’s not something done lightly.  It’s also interesting to see the reports out of places like Alabama about how National Guard troops are training for civil disorder there.

Police state apologists, of course, are all worked up.  So is Gov. Abbott overly worked up?  “Paranoia catches (Gov.) Abbott’s attention:” begins one review.

As you’d expect, the central government is trying to downplay the military exercise is southern and southwest states.

But with misinformation flowing hot and heavy out of Baltimess, it would be almost a movie script for trouble to “spontaneously” occur in Dallas and /or Houston….all of which would provide a convenient cover story for the takeover of Texas.  Remember where you read it first.

All feeds into what I’m sure will be cries for even more surveillance and even more intrusive government anxious to rope in any freedom-seeking thinkers who might be left in the general population.  FMTT.

One World Toolkits:  Guardião

So what is Baltimore and Jade Helm really all about? 

A decent working theory is that as part of the roll-out of global government, we will see all major nations being to roll up and coordinate their electronic surveillance of entire populations.

Elaine left me a note to this morning to be sure and mention how parents in Mexico this week were our protesting installation of surveillance cameras in schools and how other Latin countries are installing systems like the “Guardião” in order to keep tabs on everyone.

You can see how all this is coming together:  Individual central banks have wired the economic systems so that any country that is too independent minded can be brought to heel.  And those that do manage to break (Iceland comes to mind) will be dealt with later.   

Once the money side is done, the clamps will come down on general populations, so that officials in every country will have their own populations under the micro and everything will be controlled, eventually to include food and so forth.

Which is why prepping is getting so much traction  – people have a sense – early warning systems going on.

Unless There’s War

And that brings us to the second…no, make that third ring in the circus of news this morning:  The one where the Iran deal is toast due to partisan politics on Fool’s Hill.  Marco Rubio is not going to back down and there’s still no reason for Iran to have centrifuges…

The problem is the Iranians have convinced themselves that the imperial president doesn’t need consent of the FotH in order to make the deal – and they may be right?

Whyzzatt?

Well, look at how the WH is allowing the continual screwing of American workers by allowing big corporations to bring in (cheap!) H-1B visa workers to take jobs that should be held by real Americans – not corporate imports.

All the imperial’s posse has to do is say ‘What worker abuse?’ and the problem goes away.  Sex (as in screwing of workers) gets shoved to the back page with a bunch of rioting in Baltimess – classic bait and switch while the real revolution is ongoing elsewhere.

Speaking of workers… Oilman2 came by yesterday – tells me the layoffs in the oil industry are going on like mad but they’re just not showing up in the National Media.  Not part of the agenda is why…but then you knew that, right?

Oil layoffs passed 100,000 a couple of weeks ago and still going strong.  Though Houston traffic still sucks mightily.  But there’s an agenda in play – case you hadn’t noticed.

At Least an Honest Socialist

Given the corporate crap which the purchased parties are going to run in 2016, I have to admit that I’m pleased to see that Bernie Sanders will be running for president in 2016.

Sanders announced this morning that he’s in and his FB page is over here.

I’m no Bolshevik, but I’ll take an honest socialist over the crowd of crooks who aren’t as honest, any day of the week.  At least we would know what we’re getting and I don’t see how it could be worse with the corporate put-ups.

Breakaway States

Even though Texas reserved the right to break into as many as five state (going from memory), there’s still the matter of Jerry Brown’s California which is looking more like its own Republik all the time.  Latest (after the $10,000 a day fines/pocket warmers for private citizens who don’t meet water reductions isn’t enough) now sees Brown declaring new state emissions standards.

Once again, if you read the story, you’ll see a familiar and very scary term:  Executive Order.

Wasn’t that how the Beer Hall Putsch guy did things?

Here…save the economy…go buy something…  Is it too early for a beer?