This does need to come out during the summer if for no other reason Hillary had a hand in the degradation of all of these women!
Monthly Archives: December 2015
This change will force local government to be more aggressive with traffic tickets and possibly raising property taxes!
Department of Justice
The Department of Justice (DOJ) has announced that it’s suspending a hugely controversial program that allows local police departments to keep a large portion of assets seized from citizens under federal law and funnel it into their own coffers. This program has been converting police agencies into criminal organizations by seizing people’s money without any connection to a crime.
The DOJ has announced that it is not ending civil asset forfeiture; it is simply ending the “equitable-sharing” program, which has given the police the option of prosecuting asset forfeiture cases under federal law instead of state. Typically, federal law has far less rights than most states. Federal forfeiture policies are, therefore, far more permissive and they do not really have to show any evidence of a connection to a crime. Allowing police to keep up to 80 percent of assets they seize is outrageous. They have actually seized more money than all crimes in 2014 and 2015 combined. The police have become the risk rather than criminals.
The police have become the people you avoid and never ask for help. Any contact with the police whatsoever will result in an immediate search of their database for anything on you. I have one friend who had a name that was on the no-fly terrorist list. What a nightmare he went through to prove it was not him.
This change will make the next bear market much worse!
NYSE & NASDAQ Ending Limit Risk Orders — You Are On Your Own
The New York Stock Exchange and NASDAQ are terminating stop-loss and good-til-canceled orders beginning Feb. 26, 2016. They are claiming risks occur from such orders during volatile trading. They are really admitting that there is a liquidity crisis. Additionally, going after high frequency trading and demanding that they turn over the source code to the proprietary systems will send the smart firms out of the markets. Cancelling these type of orders will only increase the risks for the average investor. The assumption has been that a flash crash takes place, these orders are elected, and then the market recovers. Complaints then materialize with hindsight, as always. Eliminating these types of orders will work in the opposite manner when there is a real decline, for they have the tendency to create a bank of sellers on any bounce and others are carried out bankrupt and unable to get out in a panic. As always, this demonstrates the one-dimensional thinking that screws up everything. This may lead to more jumpers as we saw back during the 1930s.
The IRS Hunts for things to Tax
Maximum Gift One Can Give Anyone in Business is $25
The hunt for money is absolutely destroying everything. The IRS has placed a maximum on the depreciation of assets. Any high-end cars over $40,000 must be paid for with after tax dollars. This will have some impact on the high-end markets. States are already sharing revenue and info. As of January 2014, if you buy a car and have roots in New Jersey and Pennsylvania, you have to pay the higher sales tax; then the dealer has carves it up and New Jersey gets its 7% and 1% goes to Pennsylvania.
States, such as New Jersey, already impose a second surcharge sales tax on any amount over $45,000. They call this the rich man’s tax. You pay the gross sales tax on the full price of the car and then a surcharge on any excess over $45,000.
Now on top of this, the IRS has imposed a $25 limit for ALL business gifts you give directly or indirectly to each person during your tax year. A gift to a company that is intended for the eventual personal use or benefit of a particular person or a limited class of people will be considered an indirect gift to that particular person or to the individuals within that class of people who receive the gift. You cannot even buy an employee dinner.
The IRS used an example to explain this on their website:
“Bob Jones sells products to Local Company. He and his wife, Jan, gave Local Company three gourmet gift baskets to thank them for their business. They paid $80 for each gift basket, or $240 total. Three of Local Company’s executives took the gift baskets home for their families’ use. Bob and Jan have no independent business relationship with any of the executives’ other family members. They can deduct a total of $75 ($25 limit × 3) for the gift baskets.”
Today’s market closes are very import to the future of the next several years.
Closings Today will be the Year-End Signals
The Holiday Schedule is below. The closing for our models will be TODAY and for the most part this will be a full normal day.
We are hovering around our year-end numbers in many markets from gold and the pound to oil and the Dow, which if it closes lower than last year 17823.07, then there is a risk that we will see further consolidation in 2016 and the Phase Transition will be far worse pointing to 2017-2020. As we move into 2017, this will be the year from Political Hell since the direction of the world is on the brink with political elections which may yet prove to be a revolution and generational shift in so many countries not the least will be the US elections in November 2016.
Silver is already below its key number warning it is weaker than gold. Gold is trying to hold on to 1044, but the day is just starting. The S&P500 number for the close will be 205890 whereas in the DAX it lies at 1036700. In the British pound, the number is 15200, but the main number will be 146.12. Of course in Crude, the key number will be 35.11.
This is just a few markets. Today’s close will signal what is to come for 2016.
Equity and Option Markets
Thursday, Dec 31 Regular Hours
Friday, Jan 1 Closed
Monday, Jan 4 Regular Hours
Spot Forex
Thursday, Dec 31 16:00 CT – regular close
Friday, Jan 1 Closed
Sunday, Jan 3 16:00 CT – reopen
Futures Holiday Schedule Equity Products
Thursday, Dec 31 1600 CT – Regular close
Friday, Jan 1 New Year’s Observed
Sunday, Jan 3 1700 CT – Regular open for trade date Monday, Jan 4
Monday, Jan 4 1600 CT – Regular close
Interest Rate and FX Products
Thursday, Dec 31 1600 CT – Regular close
Friday, Jan 1 New Year’s Observed
Sunday, Jan 3 1700 CT – Regular open for trade date Monday, Jan 4
Monday, Jan 4 1600 CT – Regular close
Energy and Metals Products
Thursday, Dec 31 1600 CT – Regular close
Friday, Jan 1 New Year’s Observed
Sunday, Jan 3 1700 CT – Regular open for trade date Monday, Jan 4
Monday, Jan 4 1600 CT – Regular close
Grain Products
Thursday, Dec 31 Regular close – Per each product schedule
Friday, Jan 1 New Year’s Observed
Sunday, Jan 3 1900 CT – Open for trade date Monday, Jan 4
Monday, Jan 4 Regular close – Per each product schedule
Livestock and Lumber Products
Thursday, Dec 31 1355 CT – Early Close
Friday, Jan 1 New Year’s Observed
Monday, Jan 4 900 CT - Lumber market open 905 CT - Livestock markets open Regular close – Per each product schedule
Russell Equity Index, U.S. Dollar Index, and Mini Metals
Thursday, Dec 31 Regular Hours
Friday, Jan 1 Closed Monday,
Jan 4 Regular Hours
Sugar No. 11, Coffee “C”, Cotton No. 2, Cocoa, and FCOJ Contracts
Thursday, Dec 31 Regular Hours
Friday, Jan 1 Closed
Monday, Jan 4 Regular Hours
VIX Futures
Thursday, Dec 31 Regular Hours
Friday, Jan 1 Closed
Monday, Jan 4 Regular hours (extended hours open at 17:00 CT on Sunday evening)
Hugh Hewitt Points Out Trump Educating A Generation of Millennials About The Clintons…
It will be interesting to see if anyone brings back these ladies to tell the stories about Bill and Hillary in person again. Of course that would be dangerous as many that have gone against the Clinton’s are no longer with us!
DOES HILLARY HAVE A “CONTROL BILL PLAN” ?
The real war on women was and is from the the Clinton’s on women and the general in the war leading to troops (the media) is Hillary herself. This will be an interesting 12 months!
They just won’t go away will they Hillary? Will guess what, we do believe them. Slick Willie has a history, can’t keep it to himself, you know what I mean!
Hillary seems to suddenly have a solution or a plan for every political topic she’ll encounter. Its her typical campaign BS. “I have a plan.” We just never know what the plan is, except taking your guns away, she has no plan on how, and she won’t deport illegal immigrants. That is Hillary’s plan, do nothing.
If there are enough crazy, mental voters out there to actually elect Hillary to the Big White House, will Hillary have a plan, a plan to keep more trashy women (her words not mine) from entering the White House to mingle with Willie? Does Hillary have a “Control Bill Plan? I think not, if she has it hasn’t worked, dating…
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State Lawmakers Prep Gun Control Policies For 2016
Well the assault on the 2nd amendment begins and has it builds we will end up in a civil war; I hope that that wasn’t what they wanted.
State lawmakers are scheduled to consider stricter firearms policies when they return to their respective capitol buildings in January.
In Illinois, a bill introduced by a Democratic state lawmaker in late December would revoke a citizen’s firearms owner ID card and result in the seizure of the individual’s firearms, if the person’s name is added to the FBI terror watch list.
A Nevada Democratic state senator announced a similar bill on Dec. 14 that would “prohibit those on the Federal No-Fly List from purchasing firearms in Nevada.” The bill echoes legislation that recently failed to pass Congress.
Former New York City Mayor Mike Bloomberg’s operatives are also pushing to get an initiative on the 2016 Nevada ballot that would criminalize private transfers of firearms. Bloomberg-funded groups are heading to other states like Maine and Arizona to propose similar gun control initiatives.
Similarly, a New Mexico Democrat state representative pre-filed a…
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Many 2016 Voters Don’t Know Team Clinton Trashed The White House In 2001 – Here’s the GAO Report…
This is a good reminder of what the Clinton’s did when they left, actually I had forgotten that miserable act. I wonder if the Obama’s will do the same thing?
GET READY FOR OBAMAPOCALYPSE 2016!
This is no joke it is is last year and he still has a long ways to go to destroy the country, its harder that he thought!
Centinel2012 