Quote of the week
“The whole global warming and remedies process is designed to lasso a perceived ‘environmental’ problem and use it to fulfill a laundry list of campus-Marxist political agendas. And quite a bit of the mainstream West swallowed it, hook, line and sinker.” – Byron King
by State Rep. Matthew Shea (WA-4th)
“This summer, legislators from several states met to discuss the steps needed to restore our Constitutional Republic. The federal government has ignored the many state sovereignty resolutions from 2009 notifying it to cease and desist its current and continued overreach. The group decided it was time to actively counter the tyranny emanating from Washington D.C.” more…
by Russ Emal
“[I]f you have doubts about the fairness of a law, you have the right and obligation to find someone innocent even though they have actually broken the law! John Adams, our second president, had this to say about the juror: ‘It is not only his right but his duty…to find the verdict according to his own best understanding, judgment, and conscience, though in direct opposition to the direction of the court.'” more…
by James Howard Kunstler
“I have no idea whether the Dubai fiasco will send seismic ripples thundering through a global banking establishment that is already crippled in more ways than you can count. But it does remind those in thrall to the dazzlement of “green shoots” that debt comes a’creeping, and runs so far, deep, and wide through the broken system of mutual assurances constituting international finance, that Ben Bernanke and his counterparts in central banks ’round the world could drop helicopter loads of paper cash on every rooftop, intersection, parking lot, field, forest, and camel raceway and never make a dent in the fatal web of false obligations we have woven for ourselves.” more…
The Climate Debate
by Christopher Booker
“Our hopelessly compromised scientific establishment cannot be allowed to get away with a whitewash of what has become the greatest scientific scandal of our age.” more…
“Stolen e-mails have revealed no scientific conspiracy, but do highlight ways in which climate researchers could be better supported in the face of public scrutiny.” more… [It's amusing that Nature identifies all of this as a public relations problem.]
- Casey Research: The Future of America’s Natural Gas
- Bill Bonner’s Weekly: Slow Motion Depression
- We’re up to 130 failed banks on the year. Six were shut down today.
- Bummer, no comics this week… :(
News and stuff
- Swiss voters back a ban on minarets.
- Here’s a site with all of the raw climate fraud emails, etc….
- Senator Jim DeMint has blocked the vote for Ben Bernanke’s renomination to the Fed until Audit the Fed gets an up or down vote.
- The State of Arizona will begin operating on a line of credit.
- Ex-Soviet commander on Afghanistan.
- Learn about Vitamin D.
- HR1207 update. There are now 317 co-sponsors. That’s well past veto proof.
And now the numbers…
DOW Jones Industrials – 10,388.90 (+78.98/0.77%)
S&P 500 – 1,105.98 (+14.49/1.33%)
VIX – 21.25 (-3.49/-14.11%)
CSI 300 (China) – 3,643.491 (+260.981/7.72%)
BSE 500 (India) – 6,720.26 (+249.42/3.85%)
MICEX (Russia) – 1,342.58 (+56.54/4.40%)
BOVESPA (Brazil) – 67,603.523 (+521.375/0.78%)
RICI – 3,206.22 (-4.39/-0.14%)
Gold/oz – 1,169.50 (-6.00/-0.51%)
Silver/oz – 18.52 (+0.185/1.01%)
Copper/lb – 323.75 (+11.20/3.58%)
Oil/bbl (Brent) – 77.52 (+0.34/0.44%)
Wheat/bu (CBT) – 558.00 (-1.00/-0.18%)
Corn/bu – 388.50 (-25.00/-6.05%)
EUR-USD – 1.4858 (-0.013/-0.87%)
USD-JPY – 90.56 (+4.027/4.65%)
USD-BRL – 1.7316 (-0.0092/-0.53%)
3 Month Treasury – 0.04 (+0.02/100.00%)
2 Year Treasury – 0.83 (+0.15/22.06%)
10 Year Treasury – 3.47 (+0.26/8.10%)
30 Year Treasury – 4.39 (+0.19/4.52%)
U.S. Public Debt (official) – 12,087,361,675,014.80 (+77,907,430,181.00/0.65%)
Baltic Dry Index (BDIY:IND) – 4,107.00 (+133.00/3.35%)
Alright, no time this week. It’s too late. I’m too tired. Lots of reading to do. Breakfast tomorrow at 8AM in Saline.
Have a great weekend!