Ugly, Tailing 7 Year Auction Concludes Weekly Issuance Of Treasurys

If yesterday’s large tailing 5 Year paper sale exhibited some curious ESP ahead of the FOMC’s tapering announcement, with a very ugly tail and atrocious internals, then today’s 7 Year was quite aware of what was coming. Which is why it was not surprising that the just concluded sale of $29 billion in belly-buster bonds, once again came with a flopping 2 bps tail, pricing at 2.385% or 2 bps wider of the 2.365% when issued, indicating the hiccups in the auction process continue.

Also of note: the 2.385% closing yield was the highest since June 2011, while the Bid to Cover, despite posting a modest bounce from last month’s 2.36 to 2.45, has continued the downward trend confirming a notable split in demand for auctions: everything to the left of 5/7 Year is being bid up without failure (due to its assumed “money-good” nature and promises of ZIRP into 2016 and further), while the 7 Year and onward are increasingly starting to spook investors. Finally, the internals showed that while Directs took down less than the TTM average of 19.5% at 17.1%, this was offset modestly by a pick up in Indirect bidders who took down 41.74% of the auction, leaving 41.2% to dealers.

Bottom line: if indeed the Fed continues to taper at $10 billion/meeting (it won’t), expect to see the high yield to keep rising every higher in order to find the required buyers now that the Fed – at least superficially – is stepping away.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/UXUg5k9y6ew/story01.htm Tyler Durden

The Arrogance of Silicon Valley

 

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Call it what you will. Arrogance is overbearing pride, the self-importance of being superior and a public display of haughtiness that knows no bounds. We have the overt showy pride right here in our own back yard in Silicon Valley. The arrogant bigots that have made a fast buck on a techy idea have forgotten first of all where they came from and secondly who made them rich big-shots. The wheel of fortune turns and those at the top come tumbling down, one day. The higher they get, the harder that fall is, as they come crashing to the ground. Trouble is along the way they have amassed so much that they have lost touch with the reality of society. They either want to go it alone in some fake, unreal world that has seceded from the United States or at the very least to keep the poor at bay and scrubbing their floors still. Silicon Valley is cronyism at its ultimate, arrogance at a peak and boundless meritocracy at its best stroke worst.

Poor at Bay

Greg Gopman of AngelHack fame wrote on his wall on Facebook that “the difference is in other cosmopolitan cities, the lower part of society keep to themselves. They sell small trinkets, beg coyly, stay quiet, and generally stay out of your way. They realize it’s a privilege to be in the civilized part of town and view themselves as guests. And that’s okay”.

It’s a shame that certain people seem to believe that money bestows on them the ability to be bigoted and self-righteous regarding the rights of other human beings. People live in a free society and their poverty has nothing to do with their right to walk along the sidewalk. It’s a shame that Mandela’s death taught him nothing about Apartheid in modern cities these days. It’s not based on just color and creed. But, it’s the money thing that pops out right in your face too today.

The rich get to save on average 15-25% of what they earn. But, they of course get the right to put away what the workers end up spending. Workers spend (that’s the 99% of the US), rather than saving these days.

A New World

There are billionaires that would like to see the construction of brave new worlds in which entrepreneurs have the space and the comfort to “peacefully test ideas for government” (The Seasteading Institute), floating cities, where there will be a “blueprint for a new way of life – one that is more equitable, tolerant ad entrepreneurial”.

That’s just as long as you are one of the rich few. Pure Hollywood motion picture becoming reality.

They want to be able to build societies, cities that float off the coast of the US. Just near enough to be dropped from the helicopters and the private jets; but just far away enough to see the poor masses swimming over if they need to take cover and protect themselves. Government doesn’t need the techies to think up new ideas to change the way they govern us. They are doing pretty well all on their own thinking of new ways to keep the people down.

The Jungle

Naturally, the poor people that Gopman wanted to see on the other side of town where those that live in The Jungle.

  • It’s the Silicon Valley eyesore; the place where people live in encampments.
  • The USA has seen its homeless figures fall by 17% over the past 2 years.
  • Silicon Valley increased by 8%.
  • There are 7, 600 people that are sleeping rough and homeless every night in the Valley.

Once upon a time it was the banksters that were reviled for their aloofness and towering over the poor people with their millions. Now, they have become so commonplace that it’s the techies that are getting the flack, assailed with abusive language. Trivializing the situation and the poverty of the majority will never get you very far.

The techies have turned their Silicon Valley into the Promised Land and they are the gods.

It’s the techsters now that are taking over from the banksters.

The United States has been divvied up between the grubby ideas of the political leaders already that have ensured that the poor and the people in the middle class get no look in on what is being decided. We know from research that Senators and Representatives see little effect on them brought about by the bottom third of the strata of society. There’s no surprise that people are demoralized by what’s going on in the country and disinterested in politics.

The politicians stopped listening to people many years ago. Now, the country pie is being cut up and doled out yet again by the handful of arrogant masters of Silicon Valley. Profiteers and privateers are the ruling class.

But, in the mainstream of society there are people that are living like dogs. The only thing that the arrogant techies should take heed of is that dogs usually have nasty bites at some point.

Originally posted: The Arrogance of Silicon Valley

 Water and Agriculture | Mandela and Obama: Millions of Miles Apart |  Potato Juice Just Got Upped | Government: Byword for Corruption | Getting Ready for the Big One: February 2014 | Pornvestments | The Stooges are Running the Show, Obama |  Banks: The Right Thing to Do | Bitcoin Bonanza | The Super Rich Deprive Us of Fundamental Rights |  Whining for Wine |Cost of Living Not High Enough in EU | Record Levels of Currency Reserves Will Hit Hard | 

Technical Analysis: Bear Expanding Triangle | Bull Expanding Triangle | Bull Falling Wedge Bear Rising Wedge High & Tight Flag 


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/G_ORHgTfBcI/story01.htm Pivotfarm

Liberal Elites, PC Crowd, “Intolerants” Responsible for A&E Indefinitely Suspending “Duck Dynasty” Reality Show Star Over Anti-Gay Comments, Part of War on Christians, Religious Liberty, or Free Speech, Duck Dynasty Supporters Allege

they probably say merry christmasIf you haven’t heard of Duck
Dynasty
before, you probably have today. That’s because Phil
Robertson, the star of the A&E reality TV show that follows a
family in the duck hunting business, was suspended indefinitelyfor
making comment perceived to be anti-gay in a
GQ profile
that asked “ How in the world did a family of
squirrel-eating, Bible-thumping, catchphrase-spouting duck hunters
become the biggest TV stars in America?” Here is the original
relevant excerpt, where Robertson appears to be comparing
homosexuality to bestiality:

“We’re Bible-thumpers who just happened to end up on
television,” he [Phil Robertson] tells me. “You put in your article
that the Robertson family really believes strongly that if the
human race loved each other and they loved God, we would just be
better off. We ought to just be repentant, turn to God, and let’s
get on with it, and everything will turn around.”

What does repentance entail? Well, in Robertson’s worldview,
America was a country founded upon Christian values (Thou shalt not
kill, etc.), and he believes that the gradual removal of Christian
symbolism from public spaces has diluted those founding principles.
(He and Si take turns going on about why the Ten Commandments ought
to be displayed outside courthouses.) He sees the popularity
of Duck Dynasty as a small corrective to all
that we have lost.

“Everything is blurred on what’s right and what’s wrong,” he says.
“Sin becomes fine.”

What, in your mind, is sinful?

“Start with homosexual behavior and just morph out from
there. Bestiality, sleeping around with this woman and that woman
and that woman and those men,” he says. Then heparaphrases
Corinthians: “Don’t be deceived. Neither the adulterers, the
idolaters, the male prostitutes, the homosexual offenders, the
greedy, the drunkards, the slanderers, the swindlers—they won’t
inherit the kingdom of God. Don’t deceive yourself. It’s not
right.”

In the profile, Robertson complains that the more
“controversial” statements he makes in his religion-laden show
about hunting ducks get cut by A&E. He opines to GQ about how a
vagina should just be “more desirable” to a man than an anus.
“That’s just me.” It’s a show about a duck hunter operating in the
Louisiana backwoods, who says the kinds of things you might expect
a duck hunter from the Louisiana backwoods to say. In deciding to
suspend Robertson indefinitely, A&E sought to make sure people
understood “[h]is personal views in no way reflect those of A&E
Networks, who have always been strong supporters and champions of
the LGBT community.”  I don’t know who could confuse the
things said by a man who stars in a reality show about duck hunting
with things the executives at the network might believe.
Nevertheless, A&E made the decision the controversy stirred up
by Robertson was something they wanted to distance themselves from.
They haven’t pulled episodes of Duck Dynasty, and I expect
they’ll get a decent ratings bump because of all the people who’ve
never heard of Phil Robertson or Duck Dynasty before this
story broke.

Mediaite’s Andrew Kirrell rightly called A&E’s decision

“a gross misstep.”
After all, it should not have surprised
A&E that Phil Robertson would say the things he did. Engaging
and challenging Robertson’s ideas is a more effective response to
those ideas than trying to silence Robertson, which Kirrel notes,
only provides “culture warriors” more ammo.  

And has it. Todd Starnes, who Kirrell singled out as one of
those culture warriors,
claimed
A&E declared a war on Christian values. It hasn’t.
It decided to appear to penalize one of its stars for making a
comment it believes some of its viewers (though probably not of
Duck Dynasty itself) might take offense to in an effort to
limit its liabilities in an incident it had nothing to do with.

Sarah Palin
blamed
Robertson’s suspension on “intolerants” and called it an
“attack on free speech.” It’s not. A & E has the right to
choose to associate or not with Robertson, and should be able to
base that decision on anything it wants. Labor laws may prohibit
them from some forms of discrimination, but not for punishing
someone who says he’s just espousing his religion’s views. Ideally,
laws wouldn’t constrict A&E’s freedom of association at
all.

Bobby Jindal
blamed
“political correctness.” Maybe. He tried to frame it as
a first amendment issue too, claiming to “remember when TV networks
believed” in such a thing, going on to call it “a messed up
situation when Miley Cyrus gets a laugh, and Phil Robertson gets
suspended.” I wouldn’t put it past Jindal to pull Cyrus and other
performers who say things offensive to him off the air if he
could.

Ted Cruz
tried
to channel his inner TV critic, suggesting Duck Dynasty
was popular “because it represents the America usually ignored or
mocked by liberal elites: a family that loves and cares for each
other, believes in God, and speaks openly about their faith.” Cruz
went on to pay lip service to the freedom to disagree in a free
society, but followed up by saying “the mainstream media should not
behave as the thought police censoring the views with which they
disagree.” A&E, though, writes the checks Phil Robertson
cashes, so it can certainly “censor” him for views they disagree
with. To borrow a framing beloved by statists, the mainstream media
is “just us,” a reflection of what Americans want to watch and
hear. People who disagree with Robertson want to tune in to hear
him condemned. People who agree with Robertson want to tune in to
hear him defended.

A&E’s suspension of Robertson is within their right. If
their aim, however, is actually to be “strong supporters and
champions of the LGBT community,” their application of the Streisand
effect
to Robertson’s views couldn’t possible have helped. In
this month’s issue of Reason, Jonathan Rauch
explains why
the argument for restricting speech to promote
tolerance is even weaker than it was twenty years ago, when his
book Kindly Inquisitors, a defense of free speech and the
public criticism necessary to build knowledge that it fosters, was
first published. An updated version for the twentieth anniversary
was
released this year
. Watch a Reason TV Q&A with Rauch
below:

from Hit & Run http://reason.com/blog/2013/12/19/liberal-elites-pc-crowd-intolerants-resp
via IFTTT

Liberal Elites, PC Crowd, “Intolerants” Responsible for A&E Indefinitely Suspending “Duck Dynasty” Reality Show Star Over Anti-Gay Comments, Part of War on Christians, Religious Liberty, or Free Speech, Duck Dynasty Supporters Allege

they probably say merry christmasIf you haven’t heard of Duck
Dynasty
before, you probably have today. That’s because Phil
Robertson, the star of the A&E reality TV show that follows a
family in the duck hunting business, was suspended indefinitelyfor
making comment perceived to be anti-gay in a
GQ profile
that asked “ How in the world did a family of
squirrel-eating, Bible-thumping, catchphrase-spouting duck hunters
become the biggest TV stars in America?” Here is the original
relevant excerpt, where Robertson appears to be comparing
homosexuality to bestiality:

“We’re Bible-thumpers who just happened to end up on
television,” he [Phil Robertson] tells me. “You put in your article
that the Robertson family really believes strongly that if the
human race loved each other and they loved God, we would just be
better off. We ought to just be repentant, turn to God, and let’s
get on with it, and everything will turn around.”

What does repentance entail? Well, in Robertson’s worldview,
America was a country founded upon Christian values (Thou shalt not
kill, etc.), and he believes that the gradual removal of Christian
symbolism from public spaces has diluted those founding principles.
(He and Si take turns going on about why the Ten Commandments ought
to be displayed outside courthouses.) He sees the popularity
of Duck Dynasty as a small corrective to all
that we have lost.

“Everything is blurred on what’s right and what’s wrong,” he says.
“Sin becomes fine.”

What, in your mind, is sinful?

“Start with homosexual behavior and just morph out from
there. Bestiality, sleeping around with this woman and that woman
and that woman and those men,” he says. Then heparaphrases
Corinthians: “Don’t be deceived. Neither the adulterers, the
idolaters, the male prostitutes, the homosexual offenders, the
greedy, the drunkards, the slanderers, the swindlers—they won’t
inherit the kingdom of God. Don’t deceive yourself. It’s not
right.”

In the profile, Robertson complains that the more
“controversial” statements he makes in his religion-laden show
about hunting ducks get cut by A&E. He opines to GQ about how a
vagina should just be “more desirable” to a man than an anus.
“That’s just me.” It’s a show about a duck hunter operating in the
Louisiana backwoods, who says the kinds of things you might expect
a duck hunter from the Louisiana backwoods to say. In deciding to
suspend Robertson indefinitely, A&E sought to make sure people
understood “[h]is personal views in no way reflect those of A&E
Networks, who have always been strong supporters and champions of
the LGBT community.”  I don’t know who could confuse the
things said by a man who stars in a reality show about duck hunting
with things the executives at the network might believe.
Nevertheless, A&E made the decision the controversy stirred up
by Robertson was something they wanted to distance themselves from.
They haven’t pulled episodes of Duck Dynasty, and I expect
they’ll get a decent ratings bump because of all the people who’ve
never heard of Phil Robertson or Duck Dynasty before this
story broke.

Mediaite’s Andrew Kirrell rightly called A&E’s decision

“a gross misstep.”
After all, it should not have surprised
A&E that Phil Robertson would say the things he did. Engaging
and challenging Robertson’s ideas is a more effective response to
those ideas than trying to silence Robertson, which Kirrel notes,
only provides “culture warriors” more ammo.  

And has it. Todd Starnes, who Kirrell singled out as one of
those culture warriors,
claimed
A&E declared a war on Christian values. It hasn’t.
It decided to appear to penalize one of its stars for making a
comment it believes some of its viewers (though probably not of
Duck Dynasty itself) might take offense to in an effort to
limit its liabilities in an incident it had nothing to do with.

Sarah Palin
blamed
Robertson’s suspension on “intolerants” and called it an
“attack on free speech.” It’s not. A & E has the right to
choose to associate or not with Robertson, and should be able to
base that decision on anything it wants. Labor laws may prohibit
them from some forms of discrimination, but not for punishing
someone who says he’s just espousing his religion’s views. Ideally,
laws wouldn’t constrict A&E’s freedom of association at
all.

Bobby Jindal
blamed
“political correctness.” Maybe. He tried to frame it as
a first amendment issue too, claiming to “remember when TV networks
believed” in such a thing, going on to call it “a messed up
situation when Miley Cyrus gets a laugh, and Phil Robertson gets
suspended.” I wouldn’t put it past Jindal to pull Cyrus and other
performers who say things offensive to him off the air if he
could.

Ted Cruz
tried
to channel his inner TV critic, suggesting Duck Dynasty
was popular “because it represents the America usually ignored or
mocked by liberal elites: a family that loves and cares for each
other, believes in God, and speaks openly about their faith.” Cruz
went on to pay lip service to the freedom to disagree in a free
society, but followed up by saying “the mainstream media should not
behave as the thought police censoring the views with which they
disagree.” A&E, though, writes the checks Phil Robertson
cashes, so it can certainly “censor” him for views they disagree
with. To borrow a framing beloved by statists, the mainstream media
is “just us,” a reflection of what Americans want to watch and
hear. People who disagree with Robertson want to tune in to hear
him condemned. People who agree with Robertson want to tune in to
hear him defended.

A&E’s suspension of Robertson is within their right. If
their aim, however, is actually to be “strong supporters and
champions of the LGBT community,” their application of the Streisand
effect
to Robertson’s views couldn’t possible have helped. In
this month’s issue of Reason, Jonathan Rauch
explains why
the argument for restricting speech to promote
tolerance is even weaker than it was twenty years ago, when his
book Kindly Inquisitors, a defense of free speech and the
public criticism necessary to build knowledge that it fosters, was
first published. An updated version for the twentieth anniversary
was
released this year
. Watch a Reason TV Q&A with Rauch
below:

from Hit & Run http://reason.com/blog/2013/12/19/liberal-elites-pc-crowd-intolerants-resp
via IFTTT

Al Goldstein, R.I.P.

Al Goldstein, notorious publisher of the newsprint porn mag
Screw, designed to be a gleefully and proudly crude
Consumer Report of sex” from its 1968
founding, is dead.

While considered the most vile of pornographers by most, he was
well regarded by many independent cartoonists to whom he gave early
work (including Reason‘s own Peter Bagge) and briefly
dallied with the Libertarian Party as well–quite understandable
for an American who faced federal prosecution and arrest just for
publishing a magazine.


William F. Buckley found Goldstein’s presence
as a delegate to
the L.P.’s 1992 presidential nominating convention a sign of the
Party’s downfall. He got
press in 1991 for announcing a run
against Broward County,
Florida, Sheriff Nick Navarro, famous for prosecuting porn rappers
Two-Live Crew; he hoped to
run under the L.P. banner
but as near as I can tell that didn’t
actually happen


The NY Times obituary
. Details from it about his legal
troubles:

With renown came obscenity arrests and lawsuits, which Mr.
Goldstein in turn milked for maximum publicity. (He also wrote
countless scathing editorials accusing his accusers of hypocrisy,
often accompanied by crude photo collages showing them engaged in
humiliating sex acts.) Mr. Goldstein, claiming First Amendment
protection, beat most of the charges, occasionally paying nominal
fines.

In 1973, though, a United States Supreme Court
decision
 made it easier to prosecute pornographers. Before
then, one legal test for obscenity was whether a publication was
“utterly without redeeming social value.” The 1973 decision
broadened the definition to include material that lacked “serious
literary, artistic, political or scientific value,” and it
empowered communities to set local standards for whether such
material was obscene.

This led federal prosecutors to direct some postmasters in
Kansas to order copies of Screw. Upon delivery, Mr.
Goldstein was charged
 with 12 obscenity and conspiracy
counts and faced up to 60 years in prison.

His lawyers argued that the anticensorship diatribes in Screw
made the magazine sufficiently political, though Mr. Goldstein
himself ridiculed this defense, insisting that a reader’s erection
“is its own redeeming value.” After three years and two trials his
conviction in the first was overturned, and the second ended in a
hung jury. Mr. Goldstein’s company, Milky Way
Productions, paid
a $30,000 fine
 in return for the dropping of personal
charges against him and Mr. Buckley.

I find that line about an erection being its own redeeming value
admirably to the point.

My pal Ken Kurson at NY Observer
eulogizes him nicely
:

Al Goldstein was a much more complicated man than the “crude,
obese pornographer” character he himself helped create. He was a
passionate defender of the First Amendment, and not just out of
self-interest—he deeply understood how important it was to
America’s greatness and viewed its defense as the height of
patriotism. 

Al Goldstein was generous, both with his money and time. When I
was new to New York City, he took me under his prodigious wing and
introduced me to a crazy cast of first-rate cartoonists like Danny
Hellman and Sam Henderson, classic NYC has-been celebs like Al
Lewis, and a bunch of over-the-hill porn starlets who were still
something to behold. He was an extremely proud Jew and that made an
impression on me. I also was touched by how proud he was of his
son, and how he wrangled a mention that the boy went to Harvard
into every conversation….

New York City has lost a true character and a good guy.

from Hit & Run http://reason.com/blog/2013/12/19/al-goldstein-rip
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Two Months After Debt Limit Suspension, Borrowing Grows and Grows

On October 17, Congress suspended the statutory debt limit and
let the U.S. government’s spendthrift freak flag fly. As I
wrote at the time
, public debt outstanding jumped overnight by
$328 billion. Woo hoo! Those credit card bonus miles are gonna be
through the roof!

Since then, borrowing has slowed, but certainly not stopped
(hey, we’re talking about the U.S. government, here). Between
October 17, 2013 and December 17, 2013, the total of public debt
outstanding rose from $17.076 trillion to
$17.269 trillion
.

That’s $17,268,587,651,056.23, if you’re a big fan of
commas.

Public debt

If it makes you feel any better, the Congressional Budget Office
expects, in its long-term budget
outlook
, public debt to start dropping a bit, soon, as a
percentage of Gross Domestic Product. Unfortunately, that’s just
before it begins a long, steady metastasis that will devour the
country’s economy.

Public debt

The consequences of that rising debt, the CBO says, aren’t
pretty:

How long the nation could sustain such growth in federal debt is
impossible to predict with any confidence. At some point, investors
would begin to doubt the government’s willingness or ability to pay
U.S. debt obligations, making it more difficult or more expensive
for the government to borrow money. Moreover, even before that
point was reached, the high and rising amount of debt that CBO
projects under the extended baseline would have significant
negative consequences for both the economy and the federal
budget:

  • Increased borrowing by the federal government would eventually
    reduce private investment in productive capital, because the
    portion of total savings used to buy government securities would
    not be available to finance private investment. The result would be
    a smaller stock of capital and lower output and income in the long
    run than would otherwise be the case. Despite those reductions,
    however, the continued growth of productivity would make real
    (inflation-adjusted) output and income per person higher in the
    future than they are now.
  • Federal spending on interest payments would rise, thus
    requiring larger changes in tax and spending policies to achieve
    any chosen targets for budget deficits and debt.
  • The government would have less flexibility to use tax and
    spending policies to respond to unexpected challenges, such as
    economic downturns or wars.
  • The risk of a fiscal crisis—in which investors demanded very
    high interest rates to finance the government’s borrowing
    needs—would increase.

It’s certainly reassuring that lawmakers are diligently
hammering out a budget package that actually causes the federal
government to spend more money
in the future than it
would absent the deal and totally ignores the very real fiscal
problems that beset the leviathan in D.C.

from Hit & Run http://reason.com/blog/2013/12/19/two-months-after-debt-limit-suspension-b
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62 Percent Think E-Cigarette Use in Public Should be Allowed Despite Expected FDA Regulations

Time magazine
says
, “Regulations of electronic cigarettes are expected to be
a top priority for states and cities in 2014.” Indeed, many
districts have placed or are considering placing bans on the
tobacco-free nicotine delivery devices and the Food and Drug
Administration plans this month to issue guidelines regulating
e-cigarettes as a tobacco product. But Americans don’t want the
government interfering with people’s ability to use
e-cigarettes.

The
new Reason-Rupe poll
finds that 62 percent of Americans think
the government should allow people to use tobacco-free electronic
cigarettes in public places while 34 percent say the government
should prohibit this activity.

Non-partisan independents (66 percent) and independents who lean
Republican (68 percent) are more likely than Democrats (58 percent)
to think government should allow people to use e-cigarettes in
public places. Nevertheless, majorities of all political groups
think electronic cigarettes should be allowed, including 63 percent
of Republicans and 61 percent of Independents who lean
Democratic.

Self-identified libertarians are 22 points more likely than
self-identified liberals to say the government should allow this
activity (77 percent to 55 percent).

Older Americans are much more opposed than younger Americans to
e-cigarette use in public.  Forty-two percent of people ages
55 and over favor a government ban on the public use of
e-cigarettes while just 29 percent of Americans under age 35
agree.

Nationwide telephone poll conducted Dec 4-8 2013 interviewed
1011 adults on both mobile (506) and landline (505) phones, with a
margin of error +/- 3.7%. Princeton Survey Research Associates
International executed the nationwide Reason-Rupe survey. Columns
may not add up to 100% due to rounding. Full poll results,
detailed tables, and methodology found here. Sign
up for notifications of new releases of the Reason-Rupe
poll here.

from Hit & Run http://reason.com/blog/2013/12/19/62-percent-think-e-cigarette-use-in-publ
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Drug Warriors Kidnap and Sexually Assault a Woman After Getting Permission From a Dog

In a case eerily similar to David Eckert’s

humiliating ordeal
at the hands of cops in Deming, New Mexico,
a federal lawsuit
charges
U.S. Border Patrol agents with subjecting a U.S.
citizen to six hours of degrading and fruitless body cavity
searches based on an alleged alert by a drug-sniffing dog. The

lawsuit
, filed yesterday by the ACLU chapters in Texas and New
Mexico, says the plaintiff, a 54-year-old New Mexico resident
identified in the complaint as Jane Doe, was crossing the bridge
between Ciudad Juarez, Mexico, and El Paso after visiting a family
friend last December when she was chosen at random for “additional
screening.” This “secondary inspection” involved a pat-down during
which an agent “inserted her finger in the crevice of Ms. Doe’s
buttocks”—a rather startling incursion inasmuch as the agents at
this point had no basis to suspect that the woman was carrying
contraband. But they were just getting started.

The agents instructed the plaintiff to stand in line with other
people who had been selected for additional screening and walked a
dog past her. According to the lawsuit, the dog handler “hit the
ground by her feet, but did not hit the ground by any of the others
in the line,” and “the dog responded by lunging onto Ms. Doe and
landing its front paws on her torso.” Why did the dog do that?
“Because Ms. Doe did not possess any contraband,” says the
complaint, “the dog either did not alert or the response was not a
proper alert.” Yet this possibly manufactured and in any event
erroneous alert was the basis for all that followed.

First the agents strip-searched the plaintiff, examining her
anus and vagina with a flashlight. Finding nothing, they took her
to the University Medical Center of El Paso, where they forced her
to take a laxative and produce a bowel movement in their presence.
Again they found no evidence of contraband. At this point one of
their accomplices, a physician named Christopher Cabanillas,
ordered an X-ray, which likewise found nothing suspicious. Then the
plaintiff “endured a forced gynecological exam” and rectal probing
at the hands of another doctor, Michael Parsa. Still nothing.
Finally, Cabanillas ordered a CT scan of the
plaintiff’s abdomen and pelvis, which found no sign of illegal
drugs. “After the CT scan,” the complaint says, “a CBP [Customs and
Border Patrol] agent presented Ms. Doe with a choice: she could
either sign a medical consent form, despite the fact that she had
not consented, in which case CBP would pay for the cost of the
searches; or if she refused to sign the consent form, she would be
billed for the cost of the searches.” She refused, and later the
hospital sent her a bill for $5,000, apparently the going rate for
sexual assault and gratuitous radiological bombardment.

David Eckert, you may recall, also got a bill (in his case for
about $6,000) after undergoing a similar exploration of his
orifices and plumbing, which likewise continued, becoming
increasingly invasive, precisely because the cops were not finding
any evidence to substantiate their suspicions. And while the police
in his case did obtain a warrant, the main basis for it was a dog’s
purported alert, which in Jane Doe’s case seems to have been the
only evidence that she was smuggling drugs. Although such alerts
are
frequently wrong
and can easily be faked, the Supreme Court

has said
they qualify as probable cause for a search as long as
the dog is properly trained. The burden of showing a dog is not
properly trained lies with the person challenging the search.

Aside from the dangers of putting too much faith in
drug-detecting dogs, this case, like Eckert’s, illustrates the
appalling complicity of doctors in waging the war on drugs, even
when it involves utterly unethical participation in dehumanizing
pseudomedical procedures performed on involuntary and audibly
protesting “patients.” In addition to Border Patrol agents, the
lawsuit names the hospital, Cabanillas, and Parsa. Lest you
think the criminal malpractice described in this complaint is an
aberration, the ACLU offers evidence that it is in fact
commonplace:

During the car ride to the Medical Center, Ms. Doe asked if the
agents had awarrant. One of them responded that they did not need a
warrant….

Medical Center policy L-13 on searches by hospital personnel
does not permit an invasion of a person’s body for purposes of a
search without either consent or a search warrant. However, in
practice, the Medical Center staff and CBP agents routinely conduct
invasive cavity searches without a warrant, consent or sufficient
suspicion to justify the searches. When Ms. Doe expressed dismay
about the unreasonable searches she suffered, a Medical Center
employee responded that these procedures were routinely followed
when an individual is brought in by CBP agents. The employee also
told Ms. Doe that what happened to her was not invasive.

This kind of abuse tends to draw attention only when the victim
is “innocent,” meaning he or she is not in fact smuggling drugs.
But how can any society call itself civilized when it allows human
beings to be treated this way in the name of locating arbitrarily
proscribed substances? Having arrogated to itself the authority to
regulate what people put into their own bodies, the government ends
up forcibly delving into those bodies in search of the chemicals it
has anathematized. To enforce politicians’ pharmacological
prejudices, the government’s agents and their medical accomplices
become kidnappers and rapists. There is nothing noble or decent
about this immoral crusade, and anyone associated with it ought to
be ashamed of himself.

from Hit & Run http://reason.com/blog/2013/12/19/drug-warriors-kidnap-and-sexually-assaul
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Video: The Fed’s ‘tapering’ absurdity in one simple analogy

shutterstock 589582 150x150 Video: The Feds tapering absurdity in one simple analogy

December 19, 2013
Sovereign Valley Farm, Chile

You probably heard the announcement yesterday: the Fed decided to reduce its unprecedented bond-buying program from $85 billion a month to “only” $75 billion.

The reaction all around the world from financial analysts and commentators shows that decisions made behind closed doors by a handful of wise men and women matter more than what the actual productive economy is really doing.

It’s absurd. A tiny group of people controls the US dollar, and the dollar still rules the world, making these shadowy characters the true power behind the throne.

For the past six months the whole world has been trembling at the sounds coming from the Fed about its “imminent” tapering of flooding the world with dollars.

Entire economies and their currencies, from India to Indonesia, have taken a nosedive because of the threat that the punchbowl will be taken away.

In the end what happened is comical. The Fed’s decision to reduce money printing by $10 billion a month means that now they’ll ‘only’ create $900 billion worth of new currency units per year.

And the reaction has spawned epic debates, discussions, and analysis about what’s next.

Here’s the bottom line– the Fed is still driving down a lonely stretch of road, pedal to the floor, steering straight into the great financial abyss ahead.

All of this debate and discussion is simply about whether the Fed is in 4th gear or 5th gear. Ultimately it’s irrelevant… because they no longer have any brakes.

They simply cannot stop. Ever. If they stopped printing, the whole phony financial system in place today would crash miserably and take down whole governments and countries with it.

And that is where this chapter of the financial system will end. Reset. And start anew on a fresh page… this time underpinned by sound money.

If this seems fatalistic, it’s not. It’s just a dose of reality. Printing money has always been the last, desperate attempt of insolvent nations.

History can produce a grand total of ZERO examples of nations that printed their way into prosperity.

And it would be foolish to think that this time is any different.

from SOVErEIGN MAN http://www.sovereignman.com/trends/video-the-feds-tapering-absurdity-in-one-simple-analogy-13318/
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NSA Spying Blowback Continues – Boeing Loses Brazil Jet Order

First CSCO cited Government (NSA)-related cuts for its dismal results and now Boeing, considered the front-runner, has lost a $4.5 billion contract to provide jets to Brazil because, as officials exclaimed, “the NSA problem ruined it for the Americans.” Sweden’s Saab won the contract instead for 36 new fighters to be delivered by 2020. As Reuters reports, one U.S. source close to the negotiations said that whatever intelligence the spying had delivered for the American government was unlikely to outweigh the commercial cost of the revelations. “Was that worth 4 billion dollars?” the source asked.

 

Via Reuters,

Brazil awarded a $4.5 billion contract to Saab AB on Wednesday to replace its aging fleet of fighter jets, a surprise coup for the Swedish company after news of U.S. spying on Brazilians helped derail Boeing’s chances for the deal.

 

 

Aside from the cost of the jets themselves, the agreement is expected to generate billions of additional dollars in future supply and service contracts.

 

 

The timing of the announcement, after more than a decade of off-and-on negotiations, appeared to catch the companies involved by surprise.

 

 

Until earlier this year, Boeing’s F/A-18 Super Hornet had been considered the front runner. But revelations of spying by the U.S. National Security Agency in Brazil, including personal communication by Rousseff, led Brazil to believe it could not trust a U.S. company.

 

“The NSA problem ruined it for the Americans,” a Brazilian government source said on condition of anonymity.

 

A U.S. source close to the negotiations said that whatever intelligence the spying had delivered for the American government was unlikely to outweigh the commercial cost of the revelations.

 

“Was that worth 4 billion dollars?” the source asked.

 

 

“We are a peaceful country, but we won’t be defenseless,” Rousseff said on Wednesday at a lunch with senior officials from Brazil’s military, where she said the announcement was forthcoming. “A country the size of Brazil must always be ready to protect its citizens, patrimony and sovereignty.”

 

It seems the NSA Spying blowback is just beginning…


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/pK6hO3PWUwY/story01.htm Tyler Durden