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07.03.09- China's All-Seeing Eye
Thirty years ago, the city of Shenzhen didn't exist. Back in those days, it was a string of small fishing villages and collectively run rice paddies, a place of rutted dirt roads and traditional temples. That was before the Communist Party chose it - thanks to its location close to Hong Kong's port - to be China's first "special economic zone," one of only four areas where capitalism would be permitted on a trial basis. The theory behind the experiment was that the "real" China would keep its socialist soul intact while profiting from the private-sector jobs and industrial development created in Shenzhen. The result was a city of pure commerce, undiluted by history or rooted culture - the crack cocaine of capitalism. It was a force so addictive to investors that the Shenzhen experiment quickly expanded, swallowing not just the surrounding Pearl River Delta, which now houses roughly 100,000 factories, but much of the rest of the country as well. Read More
07.02.09- Conspiracy To Hide Bubble-Formation
Go read the entire Zerohedge article; what this means, in short, is that the ability of people (like you and I) to see the fact that a handful of banks, most specifically Goldman Sachs, constitute the majority of NYSE trading volume - and they're trading for their own book, not for customers, will no longer be disclosed. Read More
07.01.09- The Extraordinary Evil of Bernie Madoff
Poor Bernie. The man has been ordered to spend 150 years in the hoosegow. What for? Who did he kill? A century and a half seems a little excessive for a financial crime. You could hold up three liquor stores and rape a whole convent and still not get 150 years. With a little bit of good lawyer-ing, a history of child abuse in the family, and good behavior in the big house, you'd be back on the street in 18 months. But all the papers seem delighted. "Locked up for Life!" says one of today's headlines. The judge "threw the book at him," says another. His victims wanted him to get no mercy. The judge gave him none, imposing the maximum sentence. He is "extraordinarily evil," said the man on the bench. Read More
06.30.09- The Truth Alone Will Not Set You Free
06.29.09- U.S. "mass layoffs" at RECORD high
Up to this point, the U.S. government has been very successful in duping market sheep (i.e. the "experts") through publishing totally fraudulent monthly jobs reports. With the U.S. economy losing roughly 2 million jobs each month (see "U.S. economy to lose 20 MILLION jobs this year"), the government claimed that less than 400,000 jobs were lost in May. Read More
06.27.09- Gold: Are You Shooting Your Own Soldiers?
Copyright © 1996-2009
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With the help of U.S. defense contractors, China is building the prototype for a high-tech police state. It is ready for export.
In yet another move to make a mockery of so-called market transparency, and again with mad props to Zerohedge, 
Let the punishment fit the crime!
The ability of the corporate state to pacify the country by extending credit and providing cheap manufactured goods to the masses is gone. The pernicious idea that democracy lies in the choice between competing brands and the freedom to accumulate vast sums of personal wealth at the expense of others has collapsed. The conflation of freedom with the free market has been exposed as a sham. The travails of the poor are rapidly becoming the travails of the middle class, especially as unemployment insurance runs out and people get a taste of Bill Clinton's draconian welfare reform. And class warfare, once buried under the happy illusion that we were all going to enter an age of prosperity with unfettered capitalism, is returning with a vengeance. 
Large-scale lay-offs in the U.S. (defined as lay-offs of 50 or greater at one time) hit the highest level since this statistic was created in 1995, according to 
1. I want to talk some very
interesting technical analysis today. But before I do that I'd
like to put my vote in for: Scumbag of the year. My vote is for
Lou Gerstner. The former head of IBM and the Carlyle Group, this
man's latest brainstorm is to have traders hand more free money
to the bankers, via a mindblowing 80% tax on capital gains. I
would argue an 80% tax is about as close to the actions of a
communist as you can get, without actually declaring yourself
to be one. I think all capital gains taxes should be: ZERO. Here's
my alternative proposal, please feel free to forward it to Lou:
A 100% tax on Lou's worldwide income. And a 100% tax on Lou's
net worth. Then he takes a vow of poverty. Thanks, Lou, we appreciate
your generosity. As a gesture of goodwill, I'll buy him a cup
of tea to discuss the matter. In Boston. 
