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Is it terrorism?

A man walked into a restaurant called Nazareth and asked if the owners were Jewish or Christian.  He then left.

He returned a short time later with a machete and attacked the people inside, hacking up a number of them.

The cops caught up with him a few miles away and in the confrontation that followed they shot him.  He's dead.

Notice what I'm not reporting here -- The assailant's name or his ethnicity.

Guess why not?  Because the authorities have not released it, although they certainly know who it was.

Ditto for the media which hasn't even reported on this, absent a highly-censored version I found on the Columbus Fox affiliate.

And since the media and the cops will not release this information even though they have it and there is no reason to withhold it I am perfectly within my rights to draw the reasonable conclusion as to what group the attacker probably belongs.

As for trusting said authorities or media, now or in the future, given their intentional concealment?

Not a prayer in Hell jackasses.

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What does Moar and Lower Interest Rates get you?

In the case of Japan what it got them (so far) is a 2,700 point plunge (15%) in the Nikkei 225 market index recently, with 2,000 of those points disappearing in the last four days.

That's roughly like the Dow taking four 500 point declines in a row.

Here's reality folks: Negative rates are a no-confidence vote on the economy by the central bank, and are explicitly deflationary.

It's sort of like the central bank version of a Speedball; spike your metabolism with speed, and then sedate your mind to keep you from thinking with a nice topper of heroin.

The problem is that the combination has a high probability of killing you, yet we have pundits (and others) claiming that The Fed should (or will) follow both Japan and Europe down this road.

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Hoh hoh hoh....

Facebook just lost an important legal fight in India, and now one of its board members has complicated its next steps. The mess started when Silicon Valley venture capitalist Marc Andreessen took to Twitter to criticize India's decision to block Facebook from offering free but limited Internet access to poor areas.

At one point, when a critic likened Andreessen's position to "Internet colonialism," he shot back, "Anti-colonialism has been economically catastrophic for the Indian people for decades. Why stop now?" recounts the Wall Street Journal.

What started this was India's decision that Facebook's offering of "free" low-speed Internet but only to places they approve including of course their sites, was illegal under net neutrality rules.

No, really?  You mean that Zuckerburgler wants all the personal information he can get and is willing to "pay" for it with "free" Internet access?  Gee, why does this surprise?

Look folks, this sort of thing is outrageous.  It's as outrageous as all the other cross-subsidizing crap that goes on -- and there's a lot of it.

When you gonna pull the plug on these people, America -- and the world?  Will it before you're severely disadvantaged in some way on a financial or personal basis, will it be after, or even after being bent over the table will you keep going back and asking for more?

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2016-02-11 09:46 by Karl Denninger
in Market Musings , 407 references

Just a little birdie whispering for you, but there's a very nice 1600 target that appears to be greatly increasing in the probability of being hit.

Don't ask what the target is if that doesn't hold.

You won't like the answer.

PS: First mentioned on a private group I run quite a while ago..... the pattern appears to remain in-play despite all the screaming by people like Cramer.....

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So you like Bernie's "Medicare for all" proposals, right?  No more high health insurance bills, no more of the nonsense that you're going through now -- including, if you're young, paying a lot of money for (probably) nothing.

Just like you love Bernie's college plans, right?

Ok, let's do a fact check.

The VA is Bernie Sander's health care model.  It's a socialized medical system for American Veterans.

How's it doing?

The VA's inspector general found that out of about 800,000 records stalled in the agency's system for managing health care enrollment, there were more than 307,000 records that belonged to veterans who had died months or years in the past. The inspector general said due to limitations in the system's data, the number of records did not necessarily represent veterans actively seeking enrollment in VA health care.

In other words 300,000 people may have died while waiting for your utopian care model.

There's a further problem for Sanders supporters -- have you looked at Sander's committee seats?

That's right folks -- Bernie Sanders is on the Veterans Affairs Senate Committee -- the committee that is responsible for the VA health system.

You're not dumb enough to actually want for yourself what has been done to 300,000 vets under Bernie's direct stewardship, are you?

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