Goooooood Morning Fiatnam!

Thursday, July 30, 2015

Bullion Direct goes belly up

On July 20, 2015, BullionDirect, Inc. filed a bankruptcy petition, Chapter 11 No. 15-10940 in the U. S. Bankruptcy Court, Western District of Texas, Austin Division Additional notices will appear at this site regarding hearings, deadlines, filing proofs of claim and other such matters. [PDF notice]


Im sure many orders will go unfilled...


California senator who fought to make vaccines mandatory, faces RECALL!


A California senator who successfully fought to make vaccines a mandatory requirement for most school kids is now fighting to keep his job in the face of recall efforts from opponents of the new law.
A petition to recall state senator Richard Pan, a pediatrician, over his support for compulsory shots was approved by the California secretary of state this week.
Pan, a first-term senator, authored and championed SB277, a bill recently signed into law that removes personal belief exemptions, including religious objections, for vaccinations of school kids. It makes it harder for parents to opt out of a list of 10 shots which will be required beginning in 2016 for all students in both public or private school who do not have a medical waiver.
Once the law goes into effect, parents who do not wish to vaccinate must homeschool their children in either individual or group settings.



Senior Iranian officials are accusing the Obama administration of lying about the details of the recent nuclear accord in order to soothe fears among U.S. lawmakers and Americans about the implications of the deal, which will release billions of dollars to the Islamic Republic while temporarily freezing its nuclear program, according to reports from Iran’s state-controlled media.
As Secretary of State John Kerry and other senior Obama administration figures launch a full-court press to convince Congress to approve the  deal, Iranian leaders are dismissing the rhetoric as “aimed at domestic consumption.”

Matthews Dumbfounds DNC Chair: 'Tell Me the Difference Between You and a...

IMF: Sorry Greece, No Bailout


An IMF official subsequently confirmed to Reuters that, “The IMF can only support a program that is comprehensive,” meaning the IMF can’t give Greece more money until it know it will be able to pay it back.
The involvement of the IMF in the deal is crucial for some European countries, especially Germany.
Germany’s finance minister, Wolfgang Schaeuble, actually proposed a temporary Grexit (Greek exit) from the eurozone earlier in July, indicating just how little Europe’s largest economy wants to be involved in another financial-aid package.
It’s not the money that’s the issue for other European countries — as a country of 11 million people, Greece’s bailout won’t break the bank. The involvement of the international creditor is more to do with keeping the veneer of respectability about the programme, so that it keeps strict conditions and doesn’t veer into a giveaway from Europe’s richer countries.
It’s something of an irony that the IMF seems to have decided that it can’t be involved for the opposite reason, effectively saying that there’s not enough relief on debt coming from the European side to make the country’s finances sustainable, even if it did bring in the sort of extremely optimistic structural reforms that it’s signing up to.

Brazil's Economy Slides Into Depression, And Now Olympians Will Be Swimming In Feces


An AP analysis of water quality revealed dangerously high levels of viruses and bacteria from human sewage in Olympic and Paralympic venues — results that alarmed international experts and dismayed competitors training in Rio,some of whom have already fallen ill with fevers, vomiting and diarrhea.

How UBS Sent Millions to the Clintons After Hillary Saved the Mega Bank While Secretary of State


A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter. The Internal Revenue Service was suing UBS AG to get the identities of Americans with secret accounts.
If the case proceeded, Switzerland’s largest bank would face an impossible choice: Violate Swiss secrecy laws by handing over the names, or refuse and face criminal charges in U.S. federal court.
Within months, Mrs. Clinton announced a tentative legal settlement—an unusual intervention by the top U.S. diplomat. UBS ultimately turned over information on 4,450 accounts, a fraction of the 52,000 sought by the IRS, an outcome that drew criticism from some lawmakers who wanted a more extensive crackdown.

 She's dirty, filthy.  And not in a good way.  She'll spend eternity in Dante's new 8th level of Hell.  Cankles up, on fire, being leg-humped by Chris Matthew's.

Data in Clinton ‘secret’ emails came from 5 intelligence agencies


The classified emails stored on former Secretary of State Hillary Clinton’s private server contained information from five U.S. intelligence agencies and included material related to the fatal 2012 Benghazi attacks, McClatchy has learned.
Of the five classified emails, the one known to be connected to Benghazi was among 296 emails made public in May by the State Department. Intelligence community officials have determined it was improperly released.
Revelations about the emails have put Clinton in the crosshairs of a broadening inquiry into whether she or her aides mishandled classified information when she used a private server set up at her New York home to conduct official State Department business.

Read more here: http://www.mcclatchydc.com/news/politics-government/article29519419.html#storylink=cpy

Average US Rate on 30-Year Mortgage Falls to 3.98 Percent


A statement the Fed issued Wednesday after ending its latest policy meeting gave no timetable. The central bank signaled that it wants to see further economic gains and higher inflation before raising rates. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has stressed that any increase will be driven by the latest economic data.
Despite the incentive of relatively low mortgage rates, data issued Wednesday by the National Association of Realtors showed that the number of signed contracts to buy homes fell in June. Limited supplies of homes on the market are holding back possible sales growth.

Limited supply? what a crock...Obviously the desk jockeys at the NAR don't get out much do they?

Fed Reporter Pedro Da Costa Is Leaving The Wall Street Journal After Asking Yellen "Uncomfortable" Questions

The difficult question starts at around 45:30 - look at Yellen's face when asked the question for a clue as to her next move.