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Showing posts with label October. Show all posts
Showing posts with label October. Show all posts

Monday, October 24, 2011

Occupy Denver - SWAT Assault - October 15, 2011

The following events happened just prior to this footage being captured:

After a lively march around downtown, encircling the Federal Reserve Denver Branch, thousands of people from all walks of life, flooded back onto the park in the front of the Colorado State Capitol building. Someone had set up a tent providing food and water to the crowd. It was a sunny and unusually warm day for October in Denver, and water inparticular was in high demand. The crowd was passionate, but totally non-violent. Large teams of police and government agents had closed nearby roads and were surrounding the protesters from a distance.

The occupation was taking place peacefully, until a man with a badge threatened to cage the people working the food tent for not having a permit to vend. The "vendors" refused to close down, then a small but heavily armed, team of police started slowly moving towards kitchen tent. At this time, people got fed up. They swarmed across the street towards the team of police, in an attempt to record and block the cops from encroaching any farther towards the make-shift kitchen. A human shield was set up around the kitchen, and the state's initial assault was prevented.

Occupy Denver 10/15/11 Post-March Ambush

The video is a little shoddy because I didn't know I was filming...Down on the front lines just as darkness fell upon the city. We were peacefully holding ground while cops in riot gear pushed us back with their batons, forcing us to trip over those sitting down behind us protecting the food tent. From the ground I turn to my left and I see the tent being stripped and a fellow protestor getting maced after giving the cop some lip. We are the 99%, WE CANNOT BE SILENCED!!

O15 Denver

The events of O15, the police clearing out the street and park and tearing down the Thunderdome once again, while people continue to stand up in the face of police terror. Featuring two violent pigs Baughman and Marshall. The streets are watchin!


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Wednesday, October 12, 2011

Marc Faber's October Outlook: Forget EU Debt Crisis, A China Meltdown Is The Real Threat

by Nathaniel Crawford

Marc Faber is out with the latest issue of his famous Gloom, Boom and Doom Report, which is always a must read for serious investors. Unlike most of the other talking heads, Faber has an excellent track record. He correctly predicted the top in the equity markets in Nov. 2007, and caught the bottom in March 2009, making his subscribers a lot of money. Here is a summary of his October 2011 report:

Stocks--Yes, stocks are very oversold, but that does not mean they cannot go lower. The dreadful price action in both Copper and the Shanghai Composite points to new lows for the equity markets. After US stocks make a new low below 1100 on the S&P 500 (SPY), there could be a year-end rally followed by a more meaningful decline into 2012. Investors should use any bounce in stocks as an opportunity to reduce their equity exposure. At this point, Faber advises no more than 25% of your portfolio be in stocks.

Gold--At $1900 gold was extremely overbought, and a correction was necessary. However, Faber now believes that gold could undergo a significant correction similar to what happened between 1974-1976, when gold fell 40%. Faber notes that a large decline in gold is now a distinct possibility. The first support level for gold is at the 200 DMA around $1500. Despite the potential for a pullback, Faber still likes gold and believes it will trade significantly higher.

Dollar--It's true that the dollar has no intrinsic value and is being printed into infinity, but the US dollar will be your best friend for the next few months. As global liquidity contracts on EU debt concerns and a possible hard landing in China, Faber advises investors to be long the dollar. Note this is a short-term call; longer term the dollar is going to zero.

Treasuries--Despite being bullish on the US dollar, Faber does not reccomend treasuries, noting that they are overbought and susceptible to a large correction.

China and Copper--If you think the market is falling because of incompetent EU bureaucrats you are behind the curve. According to Faber, the price of copper is signaling a very serious slowdown (if not complete collapse) in China. This is what is really behind the move down in all commodities. A hard landing in China would be devastating for the global economy. The Shanghai composite is making new lows along with copper, which is very bearish. Also stay away from the Australian and Canadian currencies. If China crashes, these markets will get massacred.

Emerging Markets--Stay away from these at all costs. All emerging markets are falling and making new lows. Even though Faber likes these longer term, they could still fall another 20%-30% before they would be good buys. These markets could even fall to their 2009 lows. However, this will represent a good buying opportunity because these markets will be the first to bottom.

Short Opportunities--There is no doubt about it; shorting in this kind of manipulated market is dangerous, but if you must, here are a few ideas: Apple (APPL), Amazon (AMZN), and Salesforce.com (CRM). Only short these with very tight stops.


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