Morning Journal--Understanding our monetary system

News on Stocks in Our Portfolios

Schlumberger beats by $0.05, beats on revenues

·                                 Schlumberger (SLB): Q3 EPS of $1.29 beats by $0.05.

·                                 Revenue of $11.61B beats by $0.03B.

Nucor beats by $0.07, beats on revenues

·                                 Nucor (NUE): Q3 EPS of $0.46 beats by $0.07.

·                                 Revenue of $4.94B (+6% Y/Y) beats by $0.17B.

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Economics

   This Week’s Data

   Other

            Second quarter Chinese GDP rose 7.8%

Spending on entitlements versus non defense discretionary spending (short):

http://www.zerohedge.com/news/2013-10-17/chart-day-entitlement-nation-now-and-forever

            Understanding our monetary system (29 minute video and worth the watch):

            http://www.zerohedge.com/news/2013-10-17/hidden-secrets-money-part-4-biggest-scam-history-mankind-7-easy-steps