Month: February 2013

Insider Sales of Stock Hit 2 Year High as Retail Sheep are Fooled Once Again

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For a while there it was looking as if the market might actually make its high and move lower before Wall Street and corporate insiders were able to hand the bag over to the suckers in retail.  It looks like that was just wishful thinking, as new stats show the retail sheep taking stock from the oligarchs at the highs as usual.  I guess the more things change the more they stay the same.  From Bloomberg:

Corporate executives are taking advantage of near-record U.S. stock prices by selling shares in their companies at the fastest pace in two years.

There were about 12 stock-sale announcements over the past three months for every purchase by insiders at Standard & Poor’s 500 Index (SPX) companies, the highest ratio since January 2011, according to data compiled by Bloomberg and Pavilion Global Markets. Whenever the ratio exceeded 11 in the past, the benchmark index declined 5.9 percent on average in the next six months, according to Pavilion, a Montreal-based trading firm.

Confidence in equities from individual investors may soften the blow from insider sales this time, according to Pavilion’s Pierre Lapointe, head of global strategy and research.

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Interview Two with Wall Street for Main Street: Look for Capitulation

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Everyone is talking about the bloodbath in the miners, but if you’ve stayed in the space this long, or are just waiting on the sidelines, this seems to be the time for a clear head and to be on the lookout for capitulation.  While I don’t spend as much time on the markets these days, … Read more

Micro-Drones Have Landed: “Unobtrusive, Pervasive, Lethal”

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As if we didn’t already have our hands full dealing with their larger cousins, the United States Air Force now informs us of their latest killing machine…micro-drones.  Specifically called “Micro Air Vehicles” or MAVs, these little robots can fly like birds, crawl like spiders and kill like snipers.  It’s just another extremely disturbing development that we all need to keep a close eye on.  Thank you General Dynamics for the latest “freedom birds.”  From the UK’s Daily Mail:

The U.S. Air Force is developing tiny unmanned drones that will fly in swarms, hover like bees, crawl like spiders and even sneak up on unsuspecting targets and execute them with lethal precision.

The Air Vehicles Directorate, a research arm of the Air Force, has released a computer-animated video outlining the the future capabilities of Micro Air Vehicles (MAVs). The project promises to revolutionize war by down-sizing the combatants.

‘Unobtrusive, pervasive, lethal – Micro Air Vehicles, enhancing the capabilities of the future war fighter.’

As the drones fall, they begin to fly – not like planes, but like insects. High frequency flapping wings allow the drones to hover and maneuver in tight spaces.

Now check out the video…

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A 75 Year Old Indiana Farmer Takes on Monsanto

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From what I have read about Monsanto over the years, I have a very negative opinion on the company.  Not only do I think their products are doing more long-term harm than good to the environment, but I find the way they attack small farmers to be ruthless and morally indefensible.  As of yesterday, many of the controversies are coming to a head with the case Bowman v. Monsanto coming in front of the Supreme Court.  Fortunately for the company, Clarence Thomas was a former Monsanto attorney and the Obama Administration is also actively siding with them.  Banana Republic 101.  From Think Progress:

Monsanto is notorious among farmers for the company’s aggressive investigations and pursuit of farmers they believe have infringed on Monsanto’s patents. In the past 13 years, Monsanto has sued 410 farmers and 56 small farm businesses, almost always settling out of court (the few farmers that can afford to go to trial are always defeated). These farmers were usually sued for saving second-generation seeds for the next harvest — a basic farming practice rendered illegal because seeds generated by GM crops contain Monsanto’s patented genes.

Monsanto’s winning streak hinges on a controversial Supreme Court decision from 1981, which ruled on a 5-4 split that living organisms could be patented as private property.  As a result of that decision, every new generation of GM seeds — and their self-replicating technology — is considered Monsanto’s property.

Unfortunately, second- and third-generation seeds are very hard to track, which may explain why Monsanto devotes $10 million a year and 75 staffers to investigating farmers for possible patent violations. Seeds are easily carried by birds or blown by the wind into fields of non-GM seeds, exposing farmers who have never bought seeds from Monsanto to lawsuits. Organic and conventional seeds are fast becoming extinct — 93 percent of soybeans, 88 percent of cotton, and 86 percent of corn in the US are grown from Monsanto’s patented seeds. A recent study discovered that at least half of the organic seeds in the US are contaminated with some genetically modified material.

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Cornel West: Obama is a “War Criminal”

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It’s refreshing to know that at least some public figures still have the critical thinking capabilities and courage to speak the truth.  From Raw Story:

“I think, my dear brother, the chickens are coming home to roost,” West told Smiley. “We’ve been talking about this for a good while, the immorality of drones, dropping bombs on innocent people. It’s been over 200 children so far. These are war crimes.”

“I think we have to be very honest, let us not be deceived: Nixon, Bush, Obama, they’re war criminals,” West said. “They have killed innocent people in the name of the struggle for freedom, but they’re suspending the law, very much like Wall Street criminals. The law is suspended for them, but the law applies for the rest of us. You and I, brother Tavis, if we kill an innocent person we go to jail, and we’re going to be in there forever.” 

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Just Say NO: Seattle Residents Kill the City’s Drone Program

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The anti-surveillance state movement is gaining traction and following Charlottesville, Virginia becoming the first city to pass anti-drone legislation, the engaged citizenry of Seattle have now succeeded in killing their city’s own drone program earlier this month.  On the state level, while legislation has been introduced in several places, it appears Florida is closest to enacting domestic surveillance drone regulations into law.  The title of the bill is the “Freedom from Unwarranted Surveillance Act.”  From Forbes:

After a Public Safety, Civil Rights and Technology Committee hearing in Seattle (held the night of Feb 7), where residents raised concern over the Seattle Police Departments attempt to use surveillance drones, the program was successfully killed.

In a written response, Seattle Mayor Mike McGinn wrote: “Today I spoke with Seattle Police Chief John Diaz and we agreed that it was time to end the unmanned aerial vehicle program so that SPD can focus its resources on public safety and the community building work that is the department’s priority. The vehicles will be returned to the vendor.”

On the legislative side of things, multiple states are already moving to enact laws to strongly regulate the use of surveillance drones.  According to the American Civil Liberties Union (ACLU), Maine has a bill introduced to regulate drones, as do Missouri, Nebraska, North Dakota, Oklahoma, Oregon, and Texas. In Virginia a hearing has already been held on a bill, while Montana has three bills, and hearings have already been held there as well.

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The Number One Reason to Buy Gold: An Interview with Marin Katusa

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In a world where many gold investors are suffering from confusion and frustration, and where mining investors are almost at the breaking point, my friend Dan Ameduri has brought to us an interview with Casey Research’s Marin Katusa.  For those interested in separating the winners from the losers in junior mining, Marin also offers one … Read more

Prepare for More Horse Meat

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While many of you are aware of the forthcoming sequester on March 1, which may result in furloughs within the ranks of 2.1 million federal employees, you may not be aware of how this might affect your food. According to Daniel Werfel, a controller for the Office of Management and Budget, it might result in reduced food inspections by the Department of Agriculture.  Not that these guys do such a wonderful job in the first place, but this seems like a really bad idea considering that food fraud was already up 60% last year.  From CNN:

At Thursday’s hearing, Werfel said agencies might not be able to avoid furloughs that would reduce essential services. At the Agriculture Department, for example, it’s not possible to avoid furloughs that would result in fewer food inspections, because most of the agency’s expenses are the salaries and benefits of people who perform those tasks.

“So it becomes a math issue, ultimately,” he said. “This is one of the very tangible and clear and significant impacts of sequester: This division within USDA will not be able to make its core mission of sending the inspectors to these locations.”

The exact number of total furloughs planned is still unavailable, since agencies are still deciding how to spread the cuts. It’s possible some agencies may yet be able to spare some employees from furloughs or at least minimize days of unpaid leave.

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Video of the Day: Regulators Squirm When Asked About “Too Big to Jail”

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This video has been going around for a few days, but wow.  Very powerful and could be effective in knocking some sense into more sheeple if it gets spread widely enough.  It’s an absolute joke that these people being questioned by Senator Elizabeth Warren are supposed hold the banks to task.  I mean this Tom … Read more

“Freiheit stirbt mit Sicherheit” – Project Camover Has Crossed the Atlantic

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Ever heard of Project Camover?  Probably not.  It relates a movement to locate and destroy CCTV spy cameras that began in Germany, and since spread to many other countries in Europe such as Finland and Greece, and has finally reached the West Coast of the United States.  Their motto is “Freiheit stirbt mit Sicherheit,” which translates to “Freedom dies with Security.”  This is simply an inevitable reaction to the increased surveillance state around us, from things like “Trapwire,” to audio and video recording devices on public buses.  Apparently, they really enjoy using the fire extinguisher method to get the job done.  The U.S. offshoot has been identified as the “Barefoot Bandit Brigade” and is operating the Puget Sound region.  From Vice:

Have you ever walked down a street in a developed country? If yes, consider yourself the unsung star of a silent short, because someone, somewhere was almost certainly watching you as you did.

CCTV’s nothing new, which is probably why people seem to have either forgotten about or become disinterested in how creepy it is. Not so Camover, a group from Germany who have been running around Berlin smashing CCTV cameras to pieces, which isn’t surprising given that their slogan is: “Freiheit stirbt mit Sicherheit”, or “Freedom dies with Security”.

Watch these guys in action in the video below.


VICE: Hey, Camover – what’s with all the aggro?
Camover: We were bored. Just kidding. We’re critical of consumer society, where people swallow the opinions given to them by the media. They forget to think for themselves. And we thought it would be fun to motivate people to go out at night and get rid of these annoying cameras.

How many cameras have you destroyed?
We have no idea how many we’ve already destroyed. It’s not a big deal to destroy a camera – often you can do it quickly on the way home.

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