Corrupt Wells Fargo is in big trouble

When it was recently revealed that Wells Fargo was making profit the old fashioned way (i.e. by stealing it from its unsuspecting customers who were being nickel and dimed each month via fees charged on fraudulently opened accounts in their name), Yellen said nothing. 

But the people finally began to realize that conspiracies are real and they began to realize that the conspiracy nuts are actually not crazy at all.  Think about it.  Could this have been done by one person?  No, certainly not.  It was widespread practice and the management, who would likely know where their revenues come from, gladly pocketed the associated increase in "services" profits associated with this fraud.  That makes it a bona fide conspiracy, agree?  In fact, it was one that crossed state lines.  This was a RICO level conspiracy.

And so the uninformed, lazy people of the herd finally started to realize just how corrupt our banking system is and now they are insulted by it.  Importantly, while the profits to Wells Fargo were significant because of the widespread nature of the crime, the per person fees weren't really enough to notice each month.  In this way, Wells Fargo really didn't hurt any individuals financially.  Had this not been the case they never would have gotten away with it for so long. 

So all of this sudden uproar is not about individual finance loss.  Nope.  It's about hurt pride.  The liberal sheeple blindly trusted the banks and the banks dutifully bent them over a log for their misplaced trust.  That is what the liberal population is upset about - the lie which made fools of them. The per person money wasn't worth getting mad over in and of itself.

With their pride hurt, liberals are a dangerous breed and so in response this face slap they have turned to congress for redress.  They have squeezed the useless bastards in congress and so congress in turn is squeezing Yellen like the zit she is.  And so now finally she has no choice but to squeeze the banks.

Yes, now Janet Yellen, our great economic protector, is suddenly interested in justice and fairness.  What a disingenuous, worthless piece of shit she is.

Oh yeah, let's not forget: there goes another hatchet blow to Warren Buffett's reputation.  Chop, chop, chop.

The only thing new under the sun is the history you don't know.

This video featuring a WW2 survivor is a must see for anyone who knows that they have not received a very good historical education.  What's the value of watching?  Well history tends to repeat.
Kitty Werthmann discusses WW2.

Insane video of yet another murder done by police.

My heart goes out to this black woman for having to watch as the murderous cops gunned down her husband, Keith Scott, right in front of her despite the fact that she was standing there telling them that he had no gun and that he had a medical condition.  The video is chilling.  It shows the usual police tactic that if they do not get full and immediate compliance to their every demand (as if they are our masters), that all of them empty their clips.  There should be a lead cop in these situations who must be counted on to take the shot, ONE FUCKING SHOT, IFF needed.  It is RIDICULOUS that 4-6 cops need to line up side by side like a firing squad and then all of them empty their clips on command.  Does it really take that much force to subdue a person??  NO!  But the cops have been taught that dead men cannot be in court getting potential sympathy from a jury and so once a single shot is fired that all of them need to unload into the dead body in order to make damned sure there is no witness.

The cops who did this should all be tried for first degree premeditated murder.  Failing that, the family of the deceased should take this act as first blood drawn against them by an armed enemy and then do what they need to do in order to extract justice from a system which has proved time and again that there is no justice for anyone except the rich and powerful. 

One of these days that is exactly what is going to happen and until that message is sent to the cops -the message that eye for eye is in play- black lives will continue to not matter one little bit.

Right now it seems like the herd is going to put up with this shit forever.  It happens time and again in exactly the same way and much of it is being documented with clear video.  At some point the water buffalo will form an organized attack instead of rioting randomly and causing loss to people who were in no way involved.  When that day comes, many police are going to be left face down in the street.  Right now I look at the black families who are getting gunned down and say, "sorry but you sort of deserve it for allowing to happen".  Likewise, when its the cops turn to bleed I will be saying, "did you really think you could get away with this crap forever"?  I don't want bad things to happen to either side but the cops are begging for a battle at Kruger and one day it will arrive with unexpected swiftness and severity.  That's just the way the herd rolls.

This is what a failing profession looks like

Remember back in the early 1970s when the first micro Honda car was imported into the USA?  Remember how shitty the economy was back then and how it fueled demand for small fuel efficient cars?  Do you also remember how Detroit first laughed at the cars calling them a sick joke and predicting their rapid demise?  And when that didn't happen, they became angry about the new rival even setting up well publicized, auto worker union sponsored opportunities to whack the little cars with a sledgehammer for $5 a pop?  Do these two actions remind you of of the first two steps of Kubler Ross grief model?

1. Denial 
2. Anger
3. Bargaining
4. Depression
5. Acceptance

Well now we have Uber in the same situation.  Dumb ass Mexican taxi drivers who think that they will maintain their monopoly over transportation using mob tactics are now officially in the anger stage having just ambushed and beaten up an Uber driver.   Of course, it will not work.  The declining prosperity means that competition is increasing on all fronts with the marginal/low barrier to entry tasks being hit the first and ultimately the worst.

First Uber will kick the taxi unions to the curb and then self driving cars will kick the Uber drivers to the curb.  The result will be a much more efficient public transpo system for the rest of the herd.  It's all down hill from here for the human taxi driver industry.  Read the writing on the wall and go get some other skills you guys.  Maybe you can repair the robot cars that are most certainly coming.

Murderous cop in Tulsa gets slapped with manslaughter charge

OK, so there is a pecking order in every herd. This is known fact.  In the human herd it's the white man and then the white woman and then everyone else.  At least right now.  Perhaps if we default on the debt we owe China they will cut off our flow of goods and then when the dust settles it will be Chinese man and then Chinese woman and then everyone else.  But for now, let's just call it as it is.

The BBC reports today that the cop involved has been charged with manslaughter.  Because the murderer this time happens to not be a white man (like it usually is), you can bet that she will go to jail.  Whether there were extenuating circumstances or not doesn't matter because the people are chanting for blood and blood they will get.  If she gets off then we could see a lot more than a few window-busting-appliance-stealing-riots take place.  The herd is in a very different place than it has been for decades.  The apathy has gone.  The herd wants revenge AKA justice.  I bet the cops become a lot more careful about just drawing their gun and firing after this woman goes to jail.

She should go to jail for manslaughter and then have the family of the deceased meet her on the street when she is released.

Hillary's IT guy found in contempt of congress.

After agreeing to an immunity deal in exchange for testimony, Hillary's IT guy, Bryan Pagliano, has now missed two scheduled congressional subpoenas according to this article.

Well hmmm.  A congressional subpoena is not a small thing.  You piss off congress and the weight of the US government can fall upon you.  So why, after agreeing to a deal for immunity, is Mr. Pagliano not following through?

One can only guess that he is more afraid of that murderous bitch Hillary than he is of the US government.  After all, the government has to play by at least some rules and Hillary has shown time and again that she plays by none.

Of course, there is another possibility.  Perhaps Mr Pagliano has had an unfortunate accident like so many others that were slated to tattle on the Clintons.  Big and I mean BIG money is at stake here.  Big names.  Big reputations that go far beyond the Criminal Clintons.  They are like the bag men for the mob.  They are not running the show.  One day this will become clear to everyone.  But back to the point, perhaps someone should go check on the wellbeing of Pagliano. There is a nonzero chance that he is face down in a shallow grave right now for threatening to testify against Clinton.

I'm looking around at the face of democrats I know and they are very sad.  Many of them are finally admitting that Hillary fooled them and that she is in fact a dangerous criminal.  I think Trump is an asshole too and perhaps just as dangerous as Hillary but his chances of winning are increasing IMO simply by the reaction I am seeing from my dem friends.  They also now understand and believe that she is a very sick woman being propped up and literally puppeted into office by a larger system.  The Hillary they used to adore is gone.

Time to buy [SPWR] again.

A few years back I called the exact bottom on SPWR to within a few cents using Elliott waves.  That is a matter of public record in these pages.  But nothing goes straight up or down and so near the peak I abandoned my bullish stance and began talking the stock down.  I was one wave too early with my initial topping call but that was quickly rectified as the stock then went into collapse mode.

Below is the model I gave in my most recent post on SPWR in this blog.  It was from Sept 2015.  As usual, red is my primary count and blue the secondary count.  It expected the high probability of another wave down with a throw under to complete wave 2 or B.




In the recent snapshot below, lime green marks my original bottoming call in these shares and the red arrow marks my topping call.  Well here we are in Sept of 2016 and the market has given us a very nice gift in the form of a deep vee wave 2 or B.




How do I know that this is just a deep pullback in a larger bullish structure?  Well the truth is that nobody knows the future with certainty.  But many of us know the odds in our respective fields.  Does a big game fish guide guarantee you that you will catch fish or even put you on top of the fish?  Not if he's truthful!  Can a big game guide in Africa guarantee you that you will see or get within rifle range of your quarry?  Ask all the rich people who hired them and came home empty handed.

Nobody can guarantee you anything not even your bank, not even the government.  All they can do is tell you the odds.  And there is no doubt that using a pro increases your odds of success.  Well I am here to tell you that I am one of the most experienced Elliott wave counters on the web and my experience tells me that the odds are high that we just saw the bottom of the SPWR collapse @ $7.35.  I have not been talking about this stock because it did not count as finished falling but now it does.

I know there are those of you out that that do not like monthly fees.  I know many of you are trading and not doing very well at it on a regular basis.  Oh sure, you have your successes, but overall it's boom and bust; get lucky and then get screwed.  Sound about right?  If you had been subscribed to my service in just the past 5 days you would have made a ton more than my monthly fee of $39.95.  So buy the first 3 wave dip you get in SPRW, probably down at the $8 level.  If it cannot hold that level then look for one more wave down fast and hard to close the gap at $6.19 you see in the chart above just to the right of the lime green arrow and then buy that.

If you do well with this trade, don't be selfish.  Share a bit of joy with the guy who pointed you to it.  And do consider my monthly Elliott wave charting service. Its the only service I know of that costs you money not to have.

Sign up today and I will send you a detailed wave count of the SPWR chart which explains why the odds are so high that we will not likely see a lower low that the 2013 low.  And if you are still reluctant to sign up for a monthly service, click on the Custom Analysis logo in the right hand panel above and request SPWR for $20.  This could give you the confidence to bet big on something that is likely to be a big winner.