Friday, April 20, 2012
by SIMON BLACK: Here’s a fun way to cap off your week.
The Congressional Budget Office has just released three very telling infographics which, unintentionally, spell out a pretty dreary picture of US government finances.
The first graphic shows US federal revenue, both in raw numbers ($2.3 trillion in 2011) and expressed as a percentage of GDP (15.4%).
There are a lot of interesting things about this graphic. Check out the massive downward swing of payroll tax receipts starting in 2009… coinciding not only with the dismal rate of employment in the country, but also the demographic trend of having fewer and fewer baby boomers paying in to the system.
Iran is a threat because it represents political Islam. A preparedness to wage Jihad on Evil. In iran there is no alcohol, people are not paraded as sexual objects, and the whole usury based banking system is absent. Also there is no gambling.For these reasons the west must attack.Was the real threat of the Taliban in Afghanistan that they wanted a Caliphate? Is the real threat of Syria that they believed in a Pan Arab Nationalism? Was Gaddafi's threat that he wanted an independent Africa? Source
It contains an exclusive statement from the Occupy Marines made by both active duty and off duty soldiers.
The US, Israel and Greece launched an air naval exercise in the Mediterranean Thursday, March 29. Codenamed "Noble Dina," within Crete and including the waters off of Turkey, Cyprus, and Israeli Navy bases in Haifa and Ashdod. American, Israeli and Greek fleets are being supported by the British Royal Navy flotilla cruising around the Straits of Gibraltar
Submitted by Tyler Durden:
In what may be the gray swan that all hell is about to break loose, we read that one of the world's largest hedge funds, British Man Group with $58 billion in AUM, is about to launch High Frequency Trading - the same high volume churning, sub-pennying, liquidity extracting, stub quoting and quote stuffing parasitic algorithms that frequently crash the equity, and as of recently the FX and commodity markets, into that most sacred of markets: US Treasurys. The official spin: "The Man Systematic Fixed Income fund, yet to be launched, will try to identify and profit from dislocations in liquid government bond markets." What this really means is that the final frontier of market rationality is about to be invaded by artificial momentum generating algorithms, who couldn't care less about fundamentals, and whose propensity to crash and burn at the worst of times, may end up costing the Fed all those tens of trillions it has spent to keep the Treasury market calm, cool, collected, and largely devoid of any volatility and MOVEment. But all that is about to change: "The unit is run by Sandy Rattray, who co-developed the VIX. VIX volatility index, also known as the "fear index"