It has kept me going.
Enjoy the evening.
Work begins again.
It has kept me going.
Enjoy the evening.
Work begins again.
A poignant entry by Selco of life during wartime.
Read it all, and savor these moments of peace.
They are fleeting.
Re this post:
This is NOT a centrally-controlled propaganda campaign.
The operational intent is for each person ready, willing, and able to do something to do just that.
Make ’em into handbills. Give ’em out at church, at school athletic events, at the local farmers’ market.
Make ’em better and get them published in the local Woodpile-Fornicator or whatever your local paper is called.
If someone wants to take the concepts and gin up a 10 minute talk for delivery anywhere you can get an audience, do so.
Go get ’em.
From Ann Barnhardt:
ON CASCADING COUNTERPARTY RISK & ECONOMIC TREASON
POSTED BY ANN BARNHARDT – DECEMBER 30, AD 2011 9:22 AM MST
I’m out of pocket for a few days, but K.D. over at Market-Ticker.org ran THIS PIECE on Wednesday, and I just wanted to chime in and expand the concept at bit.
First, I absolutely, totally, completely and 105% confirm that the futures markets are withering and dying on the vine AS WE SPEAK. I’m hearing for every single one of my contacts, both floor guys (in both Chicago and NY) and introducing brokers (as I used to be) all over the country, that business is totally evaporating. And we’re not talking the normal Christmas season slowdown. No. We’re talking people explicitly stating that they are done trading and hedging with futures, both speculators and hedgers. It’s over.
No mas. See you later, Alligator. Buh-bye.
This was going on to some extent before the MF Global rape/theft. The markets had grown thinner and thinner, ironically on more net volume, but the volume increases were due to the veritable fungal infection of the market that is the high frequency algorithm trading systems. Furthermore, any short hedger with a brain in their head over the last 18 months has known that short hedging in an inflationary environment is and would be needless suicide. Why IN THE WORLD would you SHORT an inflating market? If Mrs. Reggie Love is printing money a trillion at a pop, and I think Mrs. Love’s debasement will be at $8.5 TRILLION in a few weeks after the debt ceiling is raised yet again, isn’t it obvious that currency debasement is happening and that physical commodity prices are going to necessarily inflate?
At this point, anyone who actually believes any statistics that come out of the federal government or the Federal Reserve (there’s no inflation!) has got to be mentally disabled.
Literally. Mentally disabled.
But I want address another issue that I don’t think many people are aware of yet. I taught one of my Level 2 Cornerstone Cattle Marketing schools a couple of weeks ago and we talked at length about cascading counterparty risk. Not only are producers not using the futures themselves, but they are also VERY keenly aware of the fact that if they enter into a private treaty forward delivery contract with a grain elevator or a feedlot, that they would STILL be exposed to the futures market, and to the risk of a futures market collapse, or even just another wealth confiscation. Yes, even though the producer was not engaged in the futures markets himself, if his counterparty turned around and laid off the risk on their private treaty forward contract using the futures, if their private counterparty were to be caught up in either a single-firm collapse OR a total system collapse, it is highly probable that the effects of that would cascade back to them.
For example, if a rancher forward sells his calf crop to a feedlot and locks in his price with the feedlot on a purely private basis, if the feedlot then turned around and SOLD futures to offset the private forward BUY of the rancher’s cattle and then got caught up in a futures market confiscation or collapse, the feedlot might be so financially hamstrung that they might then DEFAULT on the PRIVATE contract with the rancher. This same dynamic could also happen with grain farmers who forward sell grain to an elevator on a private contract. Or it could happen to a feedlot that forward buys feed grain from an elevator. It could also happen in the petroleum markets, and on and on.
I just want to remind people that there are lots of private treaty forward contracting going on, and always have been. In fact, I have almost always advocated to my clients that they look to a private treaty “cash market contract” with feedlots or elevators first before using futures, because that way the feedlot or the elevator is the entity carrying the hedge in the futures market, and thus posting margin and meeting margin calls. For my guys, it was frequently worthwhile for them to cede a few cents on their side in exchange for not having to tap a line of credit for margin calls, and have that cash available for other uses, or to just have the ease of mind that comes from NOT having one’s interim cash flows exposed dollar-for-dollar to market movements.
But, it was fair to say that whenever a private treaty forward contract was entered into, EVENTUALLY someone laid that risk off on the futures market. Some big players are still so attached and dependent on the futures market, and simply can not comprehend or execute a paradigm shift – which betrays a massive weakness of intellect – that they are still trying to operate as usual, with their brokers, likewise in denial, telling them that “everything is just fine”. The sensible players and producers are wising up, and are now even shunning private treaty forward contracts in fear of counterparty risk should a cascading collapse occur.
This MF Global situation isn’t just about a few bucks being stolen from a brokerage firm. Both the scope and cascading consequences of Corzine’s actions put this firmly in the domain of economic treason – as in an act of economic war upon the United States and her people. This is why I told Peter Schiff that execution should be on the table for Corzine. Treason, in whatever form, is a capital offense. If Schiff hadn’t cut me off, I would have explained this.
Capital punishment is serious, solemn business. It’s not an inflammatory rhetorical tool. If execution is ever put on the table, there had better be a solid, well-thought out justification for it.
In this situation of massive economic treason, it would be fully justified.
I continue to marvel at how the cash cattle marketing skillset that I was taught and continue to teach is EXACTLY the remedy for what is happening around us. The answer is not in ever more complex derivatives, but in the simple, millennia-old arithmetical art of physical commodity arbitrage.
It truly is amazing how the Lord works and moves.
Draft #1, courtesy of Arctic Patriot:
A QUESTION FOR THE AMERICAN PEOPLE
Who Owns You?
The relationships between you, other people, and your government all hinge on this simple, yet profound question.
So, Who Owns You?
Who owns your body?
Who owns the products of your hard work, the fruits of your once-only-ever life?
Who has authority in your family, and with your children?
Is it you?
Is it the government?
Who owns you?
Do Democrats have what it takes to run your life?
You own you, fellow American, and no matter what laws are passed, no matter who is elected, no matter how much authority other people try to claim over your life, your property, and your family, the final decision is up to you.
Who owns you?
Only you can answer that.
And only you, through choice, can change that.
AP’s draft #2:
A MESSAGE FROM THE AMERICAN PEOPLE
Politicians laugh when they see gun and ammunition sales at record levels.
They condescendingly say, “Now folks, don’t get riled, no one is going to come and take your guns.”
They just don’t get it.
We’re not worried about outright gun confiscation.
We are growing angry at the government’s intrusions on our bodies, our property, and our families.
That is why We The People are arming ourselves.
Americans do not take kindly to people trying to take control of our lives.
“We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution.”
A quick stab at another:
AMERICA AS WE KNOW IT IS IN ITS FINAL MONTHS
236 years ago, British citizens in North America – having exhausted all other means to remove the boot of government from their necks – started shooting and killing British military personnel assigned to subdue them.
Those acts of murder and treason led to more than six years of conventional fighting up and down the original 13 colonies, along with widespread guerrilla conflict by both sides directed against opposition sympathizers.
Six years of death, destruction, sickness, misery, and starvation — all because the totalitarian government of King George III would not allow the British citizens in North America to live their lives as they saw fit.
236 years later, Americans watch with mouths agape as their government year after year spends more than $100 billion per month more than it receives in taxes.
And what is done with that spending by the government?
– A 21st-century police state is nearing completion across North America, with data networks, roadblocks, unmanned reconnaissance aircraft, unprecedented governmental surveillance of citizens, and a standing army of hundreds of thousands of Federal, state, and local law enforcement officials;
– An American government-dependent class is sustained and expanded continually, with more than 44% of Americans receiving their income from government;
– A decade-long series of unconstitutional and unsuccessful military incursions across the world, leading this country to the brink of insolvency and earning the United States the reputation as a global thug; and
– A ruinous and unconstitutional transfer of American wealth to the banking classes of Europe, which not only will fail to stabilize that continent, but in doing so will permanently enslave today’s American youth as debt serfs.
Thomas Jefferson surveyed the colonial scene in 1776 and noted:
…Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.
But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security…
Government at all level across America today is simply and hopelessly out of control.
American politicians, bureaucrats, and their enforcers refuse to abide by any of the constitutional constraints designed to restrain them from the overwhelming majority of actions they take every day.
To those betrayers of the Constitution and their supporters, we say this:
Limited, fiscally sound government will be restored to this country.
We – the Americans who value individual freedom, private property, free markets, and human dignity – so swear it.
By any means necessary.
A less hellbound person than I could certainly write a similar piece on faith’s loss and its effect on the rise of tyranny here in the former US of A.
Unintended consequences, indeed.
Remember this: to an outsider, a political activist meeting looks exactly the same as a local extraordinary action group meeting.
Food for thought and local motion, as the Bolshies advance.
I love the assumption that computing power will negate the need for physical security in depth, detail, and duration.
Gonna be a helluva lot of sad pandas when they learn the truth about Cyclops.
Don’t be a sad panda.
Got fighting and farming skills?
You’ll need ’em both.
Read each in order, then answer this question:
Are you ready?
If not, take three steps towards bettering that situation today.
Mark Steyn searches for “there”.
There’s not here.
There’s not there.
Could it be that
There’s not anywhere?
The stellar naval affairs blog Information Dissemination posts this entry on maritime UAVs as used by an NGO.
Much useful info there and here for those more interested in land-based UAV use by non-state actors…..
Read ’em all.
Remember, too, that not only is the substance of these communications preserved in perpetuity, but also the facts of each of the contacts – i.e., who, when, where, and how.
You do understand now, don’t you?
UPDATE 2320 EST 28 DEC 2011: Different song, but same beat.
And the beat goes on….
American Mercenary preaches truth.
There will be a test.
Pass or fail.
Based on feedback to this post, here are some additional resources:
They do not care, and they do not respect anyone who opposes them.
Not a one.
…The initial step of decision making is the ability to gather the available information and organize for use. The procedure is referred to as a decision- making assessment. The intuitive and analytical decision-making approaches use assessment to initiate each process. A common acronym, METT-T, provides an organizational parallel for the mental process that occurs during assessment.
Marines use the acronym, METT-T, as the doctrinal standard to conduct this assessment. METT-T represents the following considerations.
• Terrain and weather
• Troops and fire support
• Time available
METT-TSL is an enlarged version of METT-T to meet the demands of planning and operational requirements for larger or higher level organizations and operations. The capability of METT-TSL to capture high-level requirements in a simplistic format makes it ideal for operational and strategic level applications. METT-TSL represents the following considerations
• Terrain and weather
• Troops and fire support
• Time available
Estimating the situation or conducting an assessment using METT-TSL supports both approaches to decision making. As the environmental factors change in the intuitive decision-making approach, additional assessments are conducted. Analytical applications use METT-TSL during each step to ensure that the data used to create the options is pertinent and correct…
There will be an exam.
Pass or fail.
‘If there is hope,‘ wrote Winston, ‘it lies in the proles.‘
If there was hope, it MUST lie in the proles, because only there in those swarming disregarded masses, 85 per cent of the population of Oceania, could the force to destroy the Party ever be generated. The Party could not be overthrown from within. Its enemies, if it had any enemies, had no way of coming together or even of identifying one another. Even if the legendary Brotherhood existed, as just possibly it might, it was inconceivable that its members could ever assemble in larger numbers than twos and threes. Rebellion meant a look in the eyes, an inflexion of the voice, at the most, an occasional whispered word. But the proles, if only they could somehow become conscious of their own strength. would have no need to conspire. They needed only to rise up and shake themselves like a horse shaking off flies. If they chose they could blow the Party to pieces tomorrow morning. Surely sooner or later it must occur to them to do it? And yet…!
He remembered how once he had been walking down a crowded street when a tremendous shout of hundreds of voices women’s voices–had burst from a side-street a little way ahead. It was a great formidable cry of anger and despair, a deep, loud ‘Oh-o-o-o-oh!’ that went humming on like the reverberation of a bell. His heart had leapt. It’s started! he had thought. A riot! The proles are breaking loose at last! When he had reached the spot it was to see a mob of two or three hundred women crowding round the stalls of a street market, with faces as tragic as though they had been the doomed passengers on a sinking ship. But at this moment the general despair broke down into a multitude of individual quarrels. It appeared that one of the stalls had been selling tin saucepans. They were wretched, flimsy things, but cooking-pots of any kind were always difficult to get. Now the supply had unexpectedly given out. The successful women, bumped and jostled by the rest, were trying to make off with their saucepans while dozens of others clamoured round the stall, accusing the stall-keeper of favouritism and of having more saucepans somewhere in reserve. There was a fresh outburst of yells. Two bloated women, one of them with her hair coming down, had got hold of the same saucepan and were trying to tear it out of one another’s hands. For a moment they were both tugging, and then the handle came off. Winston watched them disgustedly. And yet, just for a moment, what almost frightening power had sounded in that cry from only a few hundred throats! Why was it that they could never shout like that about anything that mattered?
Until they become conscious they will never rebel, and until after they have rebelled they cannot become conscious…
If the absolute best that the so-called intelligentsia of the freedom movement can come up with is “Wait behind your door, trembling, until you are confronted with an overwhelmingly superior force who has come to kill you”, we are indeed completely screwed.
Or those folks pushing that position are completely full of shit.
One or the other.
— Holiday talk at an American fast-food restaurant
Find the applicable homicide statutes in your AO.
It’s murder – plain and simple.
Deal with it.
Understand this essential point:
No one in power will give one tinker’s damn about your natural law, Constitutional, moral right of resistance arguments.
Not a goddamned one.
You will be considered a murderer and a terrorist, and anyone who helps you or has contact with you will be considered an accomplice, either before or after the fact.
You might want to understand the law of accomplice liability as well.
Just keeping it real for the Happy New Year approaching.
Arctic Patriot sorts some very important concepts.
Read it all, think hard, and leave comments there.
There will be a test.
Pass or fail.
Win or lose.
PS: The people who will be hunting you, as well as the general public, will consider you a murderer and a domestic terrorist, along with your family and friends.
Count on it.
The stars are out, brighter than usual.
The chill in the air seems almost purifying as he walks softly through the darkened, leafless forest. It is utterly still.
Still enough to hear each part of every footstep as the man nears an old, rusted gate. He stops, unsure of his next step. A deep sense of foreboding courses down his spine and chills his soul.
The man steps forward, through the gate. Life must go on. He sighs and tightens his lips as he passes through Solzhenitsyn’s gate, into the lamented, lost window of opportunity.
The man lives on, living and dying.
Arctic Patriot explains.
She is one of many who so desire.
DumpDC links to this L. Neil Smith essay on the NDAA.
Do you understand yet?
If you do, and you fly a US flag, should not that emblem be in distress mode?
If not now, when?
Alea iacta est.
UPDATED 0855 EST 21 DECEMBER 2011: But see, in contrast, this piece, with money quote:
…So if it doesn’t significantly expand the government’s detention authority, doesn’t authorize detention of citizens, doesn’t really mandate the military detention of other terrorist suspects, and doesn’t do more to prevent the closure of Gitmo than does current law, what’s all the fuss about? Is it even important?
From Ann Barnhardt:
First, all notions of personal property rights were essentially destroyed when the MF Global “trustee” began seizing customers’ gold and silver bullion held in storage if that bullion was purchased through contracts brokered by MF Global. In case you’re not following, let me restate. MF Global customers who traded in precious metals and actually took delivery and OWNED bullion, as in outright, free and clear OWNERSHIP, complete with a warehouse receipt (aka title) with SERIAL NUMBERS designating exactly which physical bars they OWNED, and were PAYING RENT to STORE their own property in a “secure” VAULT, complete with statements indicating that these storage fees were paid in full, are having THEIR PROPERTY THAT THEY OWN AND ARE PAYING RENT TO STORE CONFISCATED by the MF Global trustee in order to feed the gaping maw that is the MF Global “estate”.
This would be EXACTLY like if you rented a little storage space at one of the thousands of storage facilities that dot this nation, and stored a car there. I used to do exactly this when I had multiple cars. Imagine the owner of the storage facility went bankrupt. Now imagine that a “trustee” SEIZED YOUR CAR, sold it, and used YOUR PROPERTY to feed the storage franchise owner’s BK. Nevermind that you had an explicit RENTAL AGREEMENT and that you had receipts proving that you were paying monthly rent on said storage space, and that you could produce clear title to the car showing that you owned it, and that the VIN numbers matched.
Do you understand what is happening now? This is outright confiscation of personal property. After having their money stolen out of their accounts and being locked out of their accounts, unable to trade or even liquidate WHILE THE MARKETS CONTINUED TO TRADE, these people are now having their PERSONAL PHYSICAL PROPERTY stolen and redistributed to the MF Global estate, in order to feed Corzine’s gambling debts – MADE ILLEGALLY WITH FUNDS STOLEN OUT OF THE CUSTOMER ACCOUNTS – to repay counterparties with J.P. Morgan at the fore.
So guess what? This is now establishing the precedent that ANY property held by a third party can be seized and confiscated to feed a bankruptcy of said third party. This includes BANK DEPOSITS. Now, please consider that all of the major banks in the United States are insolvent, and insolvent MULTIPLE TIMES OVER. Bank of America, Wells Fargo, Citi, all of them. When these banks collapse – and they WILL collapse – any deposits they are holding WILL BE CONFISCATED and redistributed to their counterparties. Citation URL here at Market-Ticker.org:
Oh, but there’s more.
Also announced over the weekend was the jaw-dropping, yet illuminating fact that the MF Global bankruptcy was fraudulently, nefariously and illegally drawn up as a Chapter 7 BK for a SECURITIES DEALER and NOT a commodity brokerage as it should have been. Look, MF Global was the second-largest non-bank FCM in the United States next to NewEdge which is the old FIMAT. If MF Global wasn’t an FCM, then there are no FCMs. Of course it was an FCM. It had $7.2 billion in customer seg funds as of August 31, 2011. And yet MF Global was immediately, from the get-go, put into Chapter 7 BK as a SECURITIES FIRM. This is fraud. MF Global’s BK should have OBVIOUSLY been established under Subchapter IV of the Chapter 7 code as a COMMODITY BROKERAGE.
Why wasn’t this done? Because in a Subchapter IV liquidation of a commodity brokerage firm, guess who is absolutely and unequivocally at the front of the line? You guessed it: the CUSTOMERS. In the Chapter 7 liquidation of a securities firm, guess who goes to the front of the line? Uh-huh. The “creditors”, aka the counterparties on the firm’s proprietary positions. As in . . . J.P. Morgan, et al.
Now we know why this unprecedented action of raping the customers has happened. It was set up that way. Now are you telling me that NO ONE at the CFTC appreciated the difference between the BK subchapters? Are you honestly telling me that Terry Duffy and NO ONE at the CME understood the difference between a securities firm liquidation and a Subchapter IV commodities firm liquidation and the massive consequences to the customers? Not a single one of them understood this massive difference? Bullshit. Of course they knew. They set it up that way from day one. And they continue to know. And this fricking charade just keeps going and going, and the rape and confiscation of the customers’ property continues apace. The fix was in on the customers and J.P. Morgan was put at the front of the line willfully, intentionally and with extreme malice aforethought by all those parties concerned. Citation Hotlink here:
And this is why I am now formally calling for the financial industry blogging community to officially push for and declare a general market strike. I call for all decent people of good will to withdraw ALL FUNDS from the financial markets and cease to trade in solidarity with the MF Global rape victims until such time as the MF Global BK is properly filed as a Subchapter IV commodity brokerage liquidation and their private property is FULLY RESTORED.
If this is how they’re going to play, I say let’s shut the whole damn thing down. Let’s show these rat bastards how we do things in the Civilized World.
The apparat considers you and your family to be completely nekulturny.
And a very small impediment to their plans.
Ignore these facts at your gravest peril, comrade.