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Today we are awaiting the impact of the last Coronal Mass Ejection from recently departed sunspot 1029. In a deep solar minimum like the one we are going through now, CMEs travel slower and take about 5 days to reach the earth, rather than the normal 2 to 3 days. I wonder what the climate change nutcases, getting ready assemble in Copenhagen next month, to hold the world to new age religion hostage, propose to do about our deep solar minimum and the arrival of global cooling? Doing nothing is the correct response, but our would be betters and wannabe masters, abhor doing nothing when they can tax and enslave others to promote their own peculiar version of Bilderberger endorsed madness. We will see later today if the latest rather weak CME produces anything more than a good display of the Northern Lights in the high latitudes. centuries. Effectively they were betrayed to the King's equivalent of MI5, rounded up or killed in the rounding up, tortured, and executed by being hung drawn and quartered. The more things change, the more they stay the same, though as a modern civilised society operating on fiat money rather than the barbarous relic, we have dispensed with the "hung drawn and quartered" ending, in favour of unlimited detention in severe conditions in Guantanamo and Bagram. Up first today, "on the one hand…. on the other hand…" from the Fed, who unsurprisingly left their historic low interest rate unchanged. Later today, more of the same nonsense from the Old Lady of Threadneedle Street, although we expect more Kool-Aid Quantitative Easing poison to be applied. Perhaps the ECB will deliver a surprise later today. The Federal Reserve affirmed its plan to keep interest rates "exceptionally low" for a long time despite signs of economic recovery. But the Fed began to lay rhetorical groundwork for an eventual shift in its stance, suggesting that when the unemployment rate falls or if expectations of inflation...

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