Business / Economic
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Yeah!
Dave’s the only one who seems to be on the mark concerning the preposterous
market action this day. Even before reading same I was going to comment here
that I believed that the decision to ‘mouse click / button push’ the programmed
buy trades was probably made after hours in the previous session. Remember,
these are desperate criminally insane frauds on wall street who really try very
hard to get people to by into their paper-churning high-frequency trade /
commission scam for which ultimately potentially productive money is siphoned
off / drained from the economy into their pockets which is a net negative in
real economic terms. They know all the tricks, technical trendlines, moving
averages, etc., to suck them in: Buy Program Express Lifts Markets: Dave's Daily - The
economic news from the unemployment report could not be worse and an old
pattern was repeated -- higher volume on a selloff followed by an engineered
"stick save" into the close. It used to be hard to make this stuff
up, now it's becoming routine. As noted yesterday, bulls might like bad data
since they'd expect another round of quantitative easing (QE2) from the Fed and
a politically desperate administration. This means more liquidity baby and an
opportunity to lift stocks to new highs. That's the thinking from bizzaro-land.
So we get another big intraday 150 point swing in the DJIA as the "2:15 PM
Buy Program Express" hits the tape on time as volume starts to dry up.
That's why the caution sign advises to stay away from the Program Trading
Express. Nevertheless, volume increased
Friday with most of that coming early and often. Breadth was negative but not
overwhelmingly so.
YAHOO [BRIEFING.COM]
: ‘The week of August 6 began with plenty of promise, but disappointment over
the July jobs led to a lackluster finish. The stock market started the week
with a 2.2% surge that saw it close above its 200-day moving average for the
first time since June. Participants were encouraged by the latest ISM
Manufacturing Index, which pulled back for the third straight month to hit 55.5
for July, but still exceeded the 54.2 that had been widely expected. Midweek
action was much more muddled. Participants digested a better-than-expected July
ISM Service Index of 54.3, a worse-than-forecast 1.2% drop in June factory
orders, a surprise decline in June pending home sales, and flat personal income
and spending figures for June. Some took hope that the job market was seeing
improvement since the latest ADP Employment Change stated that private payrolls
for July increased by 42,000 when only 25,000 additions had been expected.
However, news that initial jobless claims for the week ended July 31 climbed
more than expected to a three-month high of 479,000 weighed on sentiment. Trade
on Friday was mostly dictated by the government's official monthly jobs report,
which showed that 131,000 nonfarm payrolls were slashed in July. A sample of
economists polled by Briefing.com had expected, on average, a more moderate
decline of 87,000 jobs. Combining the worse-than-expected July jobs report and
the downward revision to June data, nonfarm payrolls had their worst pair of
payrolls reports in eight months. Despite that development, the headline
unemployment rate stayed at 9.5%, but that is because the labor force continues
to shrink as discouraged job seekers suspend their efforts…’
Riiiiight! That ‘no-longer looking’ dynamic that saves the day and the ue rate
at 9.5%. At this rate of progress, and according to their thinking and
manipulations, full employment at an unprecedented 0% unemployment is just
around the corner as everyone stops looking for the jobs no longer here, many
of which were sent overseas and which are not coming back owing to substantial
economic structural / financial shifts.
Jobs Report: Companies Slow to Hire ABC
News - Only about 8 percent of the 8.4 million jobs lost at the
peak of the recession have been recovered, leaving millions of Americans still
looking for work, according to an analysis by ABC News' Business Unit. Video: News Update: US
Unemployment Rate Holds at 9.5%, 71,000 Jobs Added in June 
SmarTrend News 71K more jobs not enough to dent unemployment rate The Associated Press
When perusing the headlines and the
following, I immediately thought ‘between Iraq and a hard place (Afghanistan
and america’s defacto bankruptcy)’:
Between a Rock and a Hard Place Jerry Slusiewicz ‘Everyone knows that being between a rock
and a hard place is not a good place to be. That is where the market is right
now. We continue to have terrible news in the housing sector. There is no
general economic recovery as of yet. Jobless claims continue to mount, while
net new jobs are not being created in a significant enough number to even
sustain the population growth (approximately 150,000 net new jobs per month
needed). By far the majority of economic reports for May, June, July, and now
August, have been worse than forecast. That includes home starts, home sales,
home-builder confidence, retail sales, auto sales, consumer confidence, durable
goods orders, manufacturing, jobs, etc. Yet the market rallies or barely goes
down on these bad reports. What gives? It seems that bad news is good news
right now. Market investors are hoping that all this bad news will lead to more
government stimulus. Pundits talk about more stimuli as if it was a good thing.
Our European partners are telling us to be more fiscally responsible or we will
be the next Greece. But investors are hopeful that another round of
quantitative easing will be announced by the Fed next Tuesday and there is hope
for a mortgage bailout for those one in five households with a mortgage that is
underwater by August 17th. Now if you have been prudent on your investments and
spending the last decade or so and find yourself without any bailout potential
(except to maybe write the check for these bailouts in the form of higher
taxes) don’t worry because the government is telling us that you will benefit
because this will stem the continuing downfall in home prices. Really? After
trillions of dollars of global government stimulus the markets are still down
30% from their highs three years ago. Housing is down by about the same
percentage. Jobs are scarce and we continue to reward bad behavior or just
plain bad luck in the name of ‘for the good of all.’ St. Louis Fed President
James Bullard said recently that, the U.S. is closer to a Japanese-style
deflation outcome today than at any time in recent history. That hit the head
on the nail better than Fed Chair Ben Bernanke’s recent “unusually uncertain”
assessment of the economic outlook. Japan has been performing various forms of
government intervention for two decades and they are still in a troubled
environment. So what happened to capitalism? What happened to free enterprise?
What happened to the concept that the markets will reward the winners and the
companies that don’t manage well, or produce products that aren’t needed or
overpriced, or did a heap of bad loans would perish. That worked for us for
over 200 years. Now the markets appear to be cheering for more government
intervention. I never thought I would see this day. I for one would like the
markets to decide the winners and the losers. Free enterprise might be a short
term more painful path – but it would be quicker and the economy would surely
regroup much quicker. Don’t believe me – look at Japan! That is what we should
not do – yet we are following their path. Intervention is already here. These
markets do not want to go down on every piece of bad news. Let the markets
clear the air. Volume has traded at the lightest of the year recently. It is so
light that it is lower than levels from not only this year but most every
year’s light summer volume has not been this paltry. I think that the markets
have become a controlled environment. It’s as if some major investors are
saying. “Don’t worry about all the bad news; we’ll hold it up for now, because
help is on the way (in the form of more intervention).”Granted earnings season
was pretty good, relative to expectations. But when those expectations are
lowered dramatically, sometimes it becomes easy to beat those reduced levels.
To be fair, some companies are actually doing better than before the recession
began – but those companies are few and far between. Consumer credit is still
shrinking and higher taxes starting in January is just around the corner. The
consumer is needed to drive the economy. Savings is also up causing another
crimp in spending. I remember when the following old saying was a joke. Next
week Tuesday could be very telling when we hear some variation of it: “Hi -
we’re from the government – we’re here to help!” Let’s all hope it all works
out – but I for one am not in favor of any more of this kind of assistance. I
wish more people felt the way I do and believed we should just let the chips
fall where they may and then let’s band together to pick up the pieces. But the
likely hood is we’ll just add more scotch tape to the crumbling dam. I hope I
am wrong for the good of us all!
Social Security
in the red this year Washington Times | Meanwhile
President Obama’s health care overhaul has given Medicare’s basic Hospital
Insurance an extra 12 years of financial stability, though it did not solve all
of the program’s long-term challenges.
U.S. Employers Shed Jobs WSJ | he U.S. economy shed
more jobs than expected in July while the unemployment rate held steady at
9.5%, a further sign the economic recovery may be losing momentum.
Impoverished
U.S. City Will Close Libraries Mob infested, pervasively corrupt jersey’s
most impoverished city will close all three branches of its public library at
year’s end unless a rescue can be pulled off. Camden’s library board says the
libraries won’t be able to afford to stay open past Dec. 31 because of budget
cuts from the city government. The city had its subsidy from the state cut.
Dollar
approaches 15-year low against yen The dollar plunged to a fresh
eight-month low against the yen after US employment data disappointed
expectations, raising the prospect of looser monetary policy from the Federal
Reserve.
IRS
To Withhold Indicator That Shows Refunds Owed To Taxpayers Think of all the
budget savings from the ever increasing lack of transparency.
Visualize
Your State’s Financial Collapse Better Than Ever Just because wishing away
local and state financial collapse doesn’t work quite as well as it does at the
Federal level (courtesy of everyone’s favorite printer genie), attached is a
terrific interactive chart.
(8-6-10) Dow 10,653 -21 Nasdaq 2,288 -5 S&P 500 1,122 -4 [CLOSE- OIL $80.70
(-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND
OF FRUITS AND NUTS $3.13 REG./ $3.31 MID-GRADE/ $3.38 PREM./ $3.72
DIESEL)/ GOLD $1,205 (+24% for year 2009) / SILVER $18.47 (+47% for year
2009) PLATINUM $1,573 (+56% for year 2009) / DOLLAR= .75 EURO, 85 YEN,
.62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.82%
…..…
AP Business Highlights ...Yahoo Market Update... T. Rowe Price
Weekly Recap – Stocks / Bonds / Currencies - Domestic /
International This Is a Secular Bear
Market and The End of Buy and Hold … and Hope MARKET
MANIPULATION AND HOW THE LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING
ACCOMPLISHED 3-11-10 6
Theories On Why the Stock Market Has Rallied 3-9-10 [archived
website file] Risks Lurk for ETF
Investors
The bull market that never was/were beyond wall
street b.s. when measured in gold Property Values Projected to Fall 12% in 2010 Jan 31, 2010
The Week Ahead:
Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010
01-13-10 Forecast for
2010 from Seeking Alpha Contributor THE COMING MARKET CRASH / CORRECTION 1-28-10
Maierhofer (01-15-10) 11 Clear Signs Economy Sinking
Economic
Black Hole 1-22-10: 20 Reasons Why The U.S. Economy Is Dying And Is Simply Not
Going To Recover Current Economic / Fiscal
Charts Trendsresearch.com forecast for 2009 1-7-10 Crash is
coming! ‘WORST ECONOMIC COLLAPSE EVER’
Must Read
Economic / Financial
Data
This Depression is
just beginning The coming
depression… thecomingdepression.net MUST READ: JEREMY
GRANTHAM’S QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC
The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME!
Stepping Aside Because I Can Always
Buy Back In Leigh Drogen ‘I sold
out of everything this morning, for a few reasons…First, breakouts don’t always
work and momentum stocks have a habit of ending their trends abruptly.
Second, …I can buy back in this afternoon if I change my mind (not likely). I
see more risk to the downside here than I do to the upside. …Third, the jobs
number tomorrow scares me. No, it doesn’t matter what the number is, we all
know it’s going to be bad, what matters is how the market reacts, and I have
the feel it’s not going to be good. Fourth, many of my oscillators are
overbought here.Fifth, and finally, I don’t like the fact that this rally has
primarily taken place on the back of the most beaten down sectors. …It all just
doesn’t pass the smell test for me. I’ve been successful at this not because
I’m always right, but because I know when I’m wrong and I’m willing to change
course or step aside. Right now, I’ll step aside.’
Were Unemployment Claims Really So 'Unexpected'?
Food stamp use
hit record 40.8m in May The number
of Americans who are receiving food stamps rose to a record 40.8 million in May
as the jobless rate hovered near a 27-year high, the government reported
yesterday.
Journalists
Still Hiding Obama’s Broken Promises on Jobs On Aug. 6, everyone’s attention will be fixed on the release of
July’s unemployment numbers. The national unemployment rate is forecast to
increase to 9.6 percent, according to Bloomberg News’ survey.
Gold
Alternative To Debt and Market Manipulation The Keynesians are on the edge of implementing more quantitative
easing (QE) as we predicted they would.
11 Reasons
Why The Federal Reserve Is Bad Millions of Americans are waking up to the fact that the Federal
Reserve is bad, but very few of them can coherently explain why this is true.
WE’RE UNDERESTIMATING THE BEARISH POTENTIAL , August 3, 2010
’… Will Anything Stop the Market? Something Did
… At the same time, the April numbers were lowered the second time by
an additional 24,000 units, while May sales were revised lower by 33,000 units.
To summarize, April and May sales were reduced by 57,000 units. Therefore, June
sales were 24% above May sales. By the way, May sales were the lowest on
record. Is this really reason to celebrate? But wait, there's more. The
S&P Case-Shiller Composite Home Price Index inched from 144.59 to 146.43
for May, a 1.25% increase. Many are unaware that the Case-Shiller Home Price
Index is a three month average and is released with a two month lag. The most
recent 3-month average as of May included the period when buyers still received
their $8,000 tax credit. As the chart below shows, despite a 80%+ rally in
equities, trillions worth of stimulus money, $8,000 home-buyers tax credit, and
a lot of hot air, the Case-Shiller Index has only risen 6 points, or 5.15%,
from its March 2009 low and remains 30% below its 2006 high. [chart]
Banks' Toxic Assets: It's no secret that the economy started choking because
banks gorged on toxic real estate assets. As the real estate related losses
piled up, banks got into trouble and started hording their meager funds and
lending dried up. Since then, banks have taken free government money and
invested it in various Treasuries. Even yields for short and long-term
treasuries (NYSEArca: TLT - News)
have fallen, and banks have been earning interest without risk, while
businesses can't obtain funding. Another income source for banks has been
securities trading. But, since stocks have fallen, so have banks' trading
revenue, meanwhile banks' real estate portfolios remain unchanged. Unemployment
is persistent and foreclosures continue to soar. Thus far, free interest and
rising stocks have covered up the losses racked up by banks' portfolios of
toxic assets. But the weak link (falling real estate prices) has not been
fixed. Once pressure is put on the chain, it will break again. The problems
within the financial sector have been visible all along. 106 banks, many of
them regional banks (NYSEArca: KRE - News),
have failed already in 2010. At the same time last year, only 65 banks failed.
An additional 775 banks are on the FDIC's problem bank list. Unlike Wall Street
and the financial media, the ETF Profit Strategy Newsletter bothers to take a
look under the hood and examine the engines that drive the economy. It's quite
obvious that a number of pistons have blown, the engine is sputtering but the
car is rolling downhill. Once the next hill comes, the car (aka the economy)
will come to a standstill. AAA can't fix blown pistons, neither can the
government.
The ETF Profit Strategy Newsletter
regularly and consistently monitors and analysis technical, fundamental,
sentiment and valuation gauges to formulate detailed short, mid and long-term
forecasts, along with a target for the ultimate market bottom. ‘
Treasury
Secretary Timothy Geithner: Unemployment Could Go Up Before It Comes Down [Ooooh! Sounds like a plan ‘tiny tim’! … God
bless us everyone! ] Treasury Secretary Timothy Geithner acknowledged that it
is still a “tough economy” for most Americans, and warned it’s possible the
unemployment rate will go up for a couple of months before it comes down as
more people enter the labor force.
China
Officially Enters The Gold Market: Full Release Of PBoC’s Plan To Expand And
Develop China’s Gold Infrastructure The moment many gold bulls have been
waiting for – the Chinese Central Bank has just released a directive informing
everyone it is commencing the development of a healthy gold market.
The
Dollar Continues To Fall Like A Knife, As Euro Breaks Well Above $1.32 Another
violent change of direction from what we’ve come to expect from the euro and
the dollar.
22
Statistics About America’s Coming Pension Crisis That Will Make You Lose Sleep
At Night As the first of the 80 million Baby Boomers have begun to retire,
it has become increasingly apparent that the United States is facing a pension
crisis of unprecedented magnitude.
Americans who swap
passports London Telegraph | At the US Embassy in London,
there is a waiting list that none of the officials likes to discuss. At the US
Embassy in London, there is a waiting list that none of the officials likes to
discuss. On the list are Americans hoping to give up their citizenship… (sure
sign of insanity … I mean, Orwellian england of all places?)
Temporary
Firehouse Closures Begin In Philadelphia CBS 3 | The city
of Philadelphia has started temporarily closing fire stations in order to
balance its budget.
Layoffs to
gut East St. Louis police force St.
Louis Dispatch | East St. Louis will layoff 37 employees, including 19
of its 62 police officers.
Come on! Who are they kidding? All the
data was bad, and that ‘not bad as expected dog don’t hunt anymore’!
They’re losing their minds in china:
Silicon Alley
Insider: ‘… The first big economic news of the week was the Chinese PMI which
indicated that Chinese manufacturing was inching ever closer to contraction.
But contrary to the expectations of some, it did not spook investors. In fact,
Asia had a very big night, with Shanghai gaining about 1.3% …’;
europe:
the basket-case eu economy, with obfuscation taken
directly out of the fraudulent wall street playbook including fake stress
tests, saw air ball stock rally based on earnings data long ago discounted;
u.s.:
We already know they’re criminally insane on wall street! Yahoo: ‘…The
mood improved further still after the ISM Manufacturing Index for July came in
at 55.5. That may have marked a pullback from the 56.2 of June, but it exceeded
the 54.2 that had been widely expected ...’
Oh, yeah … there’s also the higher oil
prices, ever more worthless Weimar dollar part of the rally, and so on!
This is an especially great opportunity
to sell / take profits since there is much worse to come!
Warning Signs Suggest Market Headed for Another Collapse
In early January 2008, I had a very troubling conversation with
my colleague at Matrix Analytix regarding a significant warning sign suggesting
that a major crisis loomed on the horizon of the equity markets that year. The
content of our conversation was focused on the implications of a massive
one-year head & shoulders on the S&P 500 (SPY). The issue consistently
pervaded my mind because if what the equity markets seemed to signal was true,
we were probably headed for a major collapse. I remember asking him
specifically, “Can this be for real? What are the implications of a head &
shoulders of that magnitude completely unwinding?”My colleague all but
confirmed my concerns even pointing to a potential culprit for the impending
downturn. He had noted that the markets had all but brushed off early warnings
of systemic risk and liquidity concerns posed by the potential failure of
subprime MBS’s that August, and that such concerns were likely to resurface in
2008. I, for one, didn’t really care what the potential culprit may be. For me,
the fact that market technicals suggested that an impending failure was drawing
near formed the basis of my concerns.The fact that market participants,
investors, and the mainstream media continued to put their heads in the sand
and ignore such blatant signs of the broader market was simply unacceptable. At
the time, the S&P 500 had rallied nearly 35% over the past 2 years. There
was rampant discussion of Dow (DIA) 18,000 as the market continued to “benefit”
from the so-called “Goldilocks economy.” Almost everyone was either oblivious
to the warning signs of the broader market or simply decided to ignore them.
Turn the page to
today, and it’s the same story all over again. While investors, fund managers,
and the mainstream financial media debate whether we’re headed for a double-dip
recession, they simply continue to disregard the obvious technical damage done
on the broader market. Once again, this article is not so much concerned with
the potential fundamental reasons or theories advanced as to why the markets
might unravel. Instead, I’m more concerned with what the broader market seems
to be telling me about the immediate future.
One can find no
shortage of fundamental or mechanical theories explaining what might form the
basis of a future financial collapse published at Zero Hedge, by Nassim
Nicholas Taleb, Nouriel Roubini or Karl Denninger. In fact, I buy into a lot of
the evidence presented by these sources, and believe that one gains a better
grasp of financial reality spending 10 minutes with Zero Hedge than spending 2
weeks listening to the mainstream financial media. It is laughable to compare
the vacant drivel coming out of Dennis Kneale to even one single article
published by Tyler Durden or Ryan Iskander.
Once again, right now
I’m focused on what the trading activity in the broader market seems to be
telling me rather than on what the fundamentals of the economy or the
mechanical structure of the markets indicate. The techncials suggest, as they
did in early 2008, that there is something fundamentally wrong with the
financial markets and that a collapse, whatever the fundamental reasons may be,
is potentially drawing near. There are seven issues I’ll briefly discuss below,
and why it's imperative that my readers should explore these issues in more
detail.
1. HEAD &
SHOULDERS ON THE S&P 500, DOW JONES, AND NASDAQ
The biggest warning
sign the market seems to be giving us right now is the blatant 10-month head
& shoulders formation seen on each of the major indices. Like in 2008, a
massive head & shoulders of this magnitude is not something that investors
ought to take lightly. Millions chose to ignore this warning sign in 2008 at
their peril. I’m not going to sit here and belabor the point as I’ve already
written extensively on this topic, which could be found here.Yet, to summarize,
a head & shoulders formation is arguably the most bearish technical
formation in the books. The time, breadth and size of this head & shoulders
is exactly the same as what we saw in early 2008 just before entering the
biggest bear market in modern history …
[chart]
2. BULLISH FLAG ON
THE VIX?
Almost as important
as the head & shoulders on every broad market index and exchange is the
huge bullish flag on the VIX, VXN and VXX (VXX). Volatility looks like it's
about to explode higher in the September to October time frame. A convergence
of the upper and lower trend lines appears to take place near the end of
August. This certainly does not bode well for the markets. An explosion of
volatility can only be viewed as conclusively negative for the markets. We
can’t have a massive spike in volatility without a coinciding collapse in the
equity markets …
[chart]
3.
THE DEATH-CROSS ON THE S&P SUGGESTS THE 2009 TO 2010 RALLY MIGHT BE OVER
This topic has already
been written about quite extensively over the past few weeks. As you may or may
not be aware, the 50-day moving average crossed under the 200-day on the
S&P 500 signaling that the March 2009 to April 2010 bull market might be at
an end. When the 50 and 200 days cross in this manner, it suggests that the
overall trend has weakened to such a degree that the recent price action is
viewed as a topping process for the markets. We saw this exact same bearish
cross on the S&P 500 in early January 2008 right at the start of the great
bear market. You can read more about the death-cross here, here and here …
4. THE VOLUMELESS
RALLY & MUTUAL FUND OUTFLOWS
Arguably one of the
biggest warning signs suggesting that the entire 2009 to 2010 advance is just a
bear market rally arises from the fact that the move was done on increasingly
less volume. The clear lack of conviction indicates that the move was
orchestrated by very few market participants. Some have advocated that the 2009
to 2010 rally was performed under the complete control of the federal reserve
or by high frequency traders in either a ploy to combat deflation or by fixing
the odds of the market to favor the very few. If Goldman Sachs (GS) posting
gains every day in Q1 isn’t enough evidence that the game is fixed, I don’t
know what is.
Every down move in
the market is done on massive volume, and every up move on little to no volume.
Each day of the February to April melt-up rally was easy to predict. When
volume tanks, the market rises and volume picks up, the market tanks. What kind
of no-conviction fraudulent market rallies on zero volume and tanks on heavy
volume? Even the July bounce to this correction was done on low volume. Down
days in July exhibited huge volume while up days saw declining participation.
This lack of
conviction in the equity markets is further evidenced by the disconcertingly
significant mutual fund outflows seen over the past year. Tyler Durden notes in
an article posted at Zero Hedge last week:
The latest update
from ICI is a doozy: in the week ended July 21, domestic equity mutual funds
saw a 12th sequential outflow of $1.5 billion. Even as the market has surged
10% in the last three weeks, just under $10 billion have been redeemed from
mutual funds, completely invalidating the move and further justifying the
skeptics who see absolutely no reflection to reality in the volumeless ramp
orchestrated by a few momentum HFTs and a couple of Primary Dealers with some
excess leftover Discount Window change. Not to mention that 12 weeks in a row
of outflows pretty much marks game over as far as retail participation is
concerned in stocks…
[chart]
5. 1,000 POINT FLASH
CRASHES
Adding to the
concerns of low volume and mutual fund outflows, if 1,000-point inter-day
swings in the Dow doesn’t raise a clear red flag to investors that the
mechanics of the market is under fire, then clearly nothing can convince the
average investor to consider caution in the coming months. Whether the
so-called “flash-crash” was the result of some questionable “fat-finger” trade
or the result of everyone putting in stop losses at the same level on the
S&P (which I warned about 7-minutes prior to the crash see here) is
anyone’s guess…
[chart]
6. BOND MARKET
DISTRUSTFUL OF THE RALLY
…
7. MARKET LEADERSHIP
IS WEAKENING
[chart] … ‘
INSIDER TRANSACTIONS (Washington
Post) This is a global
depression. This is a secular bear market in a global depression. The past up
move was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn pass the hot potato scam /
fraud as in prior crashes’. This national decline, economic and otherwise, will
not end until justice is served and the wall street frauds et als are
criminally prosecuted, jailed, fined, and disgorgement imposed.
Harry Dent, Jr. Economy will be in a
Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009 instead of
2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Why
Must The Media Keep Trotting Out Senile Incompetent greenspun And His Economic
Lunacy? …and we continue to talk ourselves off the edge of the cliff. For
the second week in a row Meet The Press trotted out the most financially
incompetent of the financially incompetent and placed them on their undeserving
pedestal.
Key
Components Of America’s Military Are Now Dominated By A Chinese Monopoly Most
of America’s key military technologies require rare earth elements, whose
production China holds a near-monopoly over.
alan
greenspan: “The Financial System Is Broke” We will be in deflation until
the broke financial system becomes unbroke… and then we will have
hyperinflation. [Little bit late to be talkin’ the obvious truth!]
Gold Has Got Its Groove
Back How dare any of you second guess the gold bugs. From a day’s low of
$1,168 per ounce, the yellow metal rallied to a day’s high of $1,186. Our
precioussss is back on a tear, maybe.
Trying
to make August less of a 'dog' with sidewalk sale (Washington Post)
Sounds like a new, new plan to deal with the overwhelming success of
the panoply of government stimulus / tarp, etc., plans ‘financed’ with money
they don’t have and taxpayer ‘largesse’. For those who’ve lived long enough,
they’re waiting for the apple carts.
Did
TARP work? Two economists say yes. (Washington Post) Come on! What
do you expect them to say? They’re invested in that position having supported
same despite the massive fraud for prosecution and disgorgement was
appropriate. Indeed, moody’s itself has been faulted (liable?) for lax
valuation / rating standards which contributed to the debacle. Moreover, these
‘cheerleaders’ can always be counted on to toe the network line which
ultimately enables the ubiquitous frauds we’ve seen. Amazingly, senile
incompetent greenspun, co-architect / enabler of the fraud / debacle was
interviewed and used such words in conjunction as ‘modest recovery, pause,
double-dip possible, quasi recession’. What total b***s***!
Are the American
people obsolete? Salon
| The richest few don’t need the rest of us as markets, soldiers or police
anymore. Maybe we should all emigrate.
What's
coming this week (Washington Post) How ‘bout last week and the new
american economic institution colloquially now known as ‘bank failure Friday’
(the news dump so as to avoid the so-called ‘news cycle’). Then, let’s hope for
real rather than election-year market frothing fake / false / manipulated data.
U.S.
bank failures total 108 after 5 shut on Friday U.S. bank failures reached
108 so far in 2010 on Friday as regulators seized five small banks in the
Pacific Northwest and the Southeast, none publicly traded.
Foreclosures
Continue To Dramatically Increase In 2010 Economic Collapse
| RealtyTrac says that unemployment has become the major reason for
foreclosures. In a very alarming sign for the U.S. economy, foreclosures have
continued to dramatically increase in 2010. But there has been a shift.
U.S.
recovery hopes fade as economic growth dips Washington Post
| The recovery is fading, and a troubling new pattern is setting in: economic
growth that is too slow to put Americans back to work. The recovery is fading,
and a troubling new pattern is setting in: economic growth that is too slow to
put Americans back to work.
Ron
Paul Goes After The SEC’s FOIA Exclusivity, Introduces SEC Transparency Act What is unclear is whether the Ron Paul law
prohibts SEC staffers to spend 40 hours per week to browse porn on the
taxpayer’s dime.
Very
Curious Activity in the Gold Bullion Market Leads to Speculation that Banks are
Short Tons of Gold Huge gold swaps
have recently occurred between the Bank for International Settlements and
various banks in Western Europe and the United States. Bankers are attempting
to play this up as “business as usual”. However, the gold swaps that have been
conducted lately are recording breaking in size, as far from “business as
usual” as you can get.
U.S.
recovery hopes fade as economic growth dips The recovery is fading, and a
troubling new pattern is setting in: economic growth that is too slow to put
americans back to work.
Stocks' Late Push: Some
Optimism, Some Pessimism [Late
push … as in a constipated bowel movement … Come on! Another one of those push
the computer programmed trade button and off we go, reality / valuation /
economics be damned. In real security analysis (very simplified / summarized),
as opposed to the continued frauds on wall street, one must begin with the
largest and most significant aggregate (a simple word picture / analogy:
‘rising tide lifts all boats’). If you get this right, the probabilities in
your favor are substantially enhanced. From there, you want leading industries,
and leading companies within said leading industries (again, larger aggregates
then picks, to enhance probabilities, not guarantees, in your favor). Your time
frame, 1-3-5 yrs tops for projections, (including income statement/EPS, balance
sheet, and applying an appropriate P/E – a detailed, multi-faceted approach
beyond what could be described in this summary); and, that’s all they are,
projections. Beyond that time frame, your guess. On fraudulent wall street,
every day, though already discounted in large part (6-8 mos, approx.), the
market spins, churns, and with lightning fast computerized high-frequency trade
programs commissions in huge volumes like no other time in financial history
when real valuation meant something, with no net economic value added, but very
lucrative to the frauds on wall street, which ultimately is a net detriment to
the economy / the nation /and other industries as we’ve seen and as described
elsewhere on this site and in these posts http://albertpeia.com . Preposterously, they
even sometimes refer to seasonal factors as if hearing them for the first time
and ‘explaining’ an up move (almost invariably already discounted). Today, they
shrugged off the deepening economic reality despite the election year frothing
/ manipulations. This is a global depression. This is a secular bear market
in a global depression. The past up move was a manipulated bull (s***) cycle in
a secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn and
earn pass the hot potato scam / fraud as in prior crashes’. This national
decline, economic and otherwise, will not end until justice is served and the
wall street frauds et als are criminally prosecuted, jailed, fined, and
disgorgement imposed. ].
Slowing economic rebound raises
unemployment fears (AP) [Wow! Talk about understatements!]
China Becomes Second Biggest
World Economy China has overtaken Japan to become the world’s
second-largest economy, the fruit of three decades of rapid growth that has
lifted hundreds of millions of people out of poverty.
Hank Paulson Wants To Fix
Fannie And Freddie By… Recreating Fannie And Freddie Former
Treasury Secretary, Goldman Sachs CEO, and bailout architect Hank Paulson has a
bit of a head-scratcher of an op-ed in the Washington Post this evening all
about charting a course for sustainable housing policy in the US.
Marc Faber Questions if Dow
Could Hit 1,000 In the August edition of the ‘The Gloom, Boom
& Doom Report’ Marc Faber questions whether the Dow could hit 1,000 as predicted by Robert Prechter,
based on his interpretation of Elliot Waves, Fibonacci numbers and
socioeconomic trends. Prechter, who has written 13
books on finance (external link), believes that the
stock market is historically overvalued in terms of dividends and earnings,
because of a “great rise in positive social mood.” But the mood changed in 2000
and the “trend toward negative social mood will lead to an economic
contraction,” according to Prechter. “Small bear markets lead to recessions,
big bear markets lead to depressions. The current bear market will be the
biggest in nearly 300 years, so the depression will be correspondingly deep,”
Prechter said.
The International Money Changers
Reward the Euro for Forcing Austerity Activist
Post | The
growing noise for “solutions” to America’s very real debt problems is becoming
louder as the calls for confiscating Social Security and Pensions are now
everyday news.
Wall
St falls after weak outlooks drag (Reuters) U.S. stocks sagged in volatile
trading on Thursday after weak outlooks from technology companies and downbeat
comments from a Federal Reserve official gave investors little reason to buy.
US Treasury is
running on fumes The White House is screaming like a stuck pig. WikiLeaks’
release of the Afghan War Documents “puts the lives of our soldiers and our
coalition partners at risk.”
Trillions for Wall Street Mike
Whitney | The bottom line? When Wall Street is hurting, money’s never
a problem.
Look
What Surprises They Snuck Into The Financial Reform Bill The Economic Collapse | The
financial reform bill was supposed to “fix” Wall Street and the financial
system, but it did not do much of anything. Even just a
decade ago, major pieces of legislation in the U.S. Congress would be just a
few dozen pages long. But today, it seems like every time Congress passes an
important bill it ends up being over a thousand pages long.
Cash-starved
California orders unpaid leave for workers California Governor Arnold
Schwarzenegger declared a fiscal state of emergency Wednesday, requiring most
state employees to take three days of unpaid leave per month until a new budget
is enacted.
The
Obama Administration Tries To Propagandize Its Way To An Economic Recovery Yesterday
we noted how, absurdly, The White House blog was trumpeting a new cheap housing
program as part of its recovery efforts.
Fed says some districts report slowing economy (Reuters)
Flaws of the European Stress Test … 'Bank stress test' became the magic phrase. Nothing calms fear
like a stress test that's labeled as rigorous. The stress test raises a few
very obvious questions: 1) Will it work? 2) Why was it needed in addition to a
$1 trillion aid package? 3) Is the stress test just a gimmick to appease
investors? The stress test is conducted by the London-based Committee of
European Banking Supervisors (CEBS). Ironically, the test has ignored the
majority of banks' holdings of sovereign debt. Sovereign debt concerns by the
so-called PIGS countries (Portugal, Italy, Greece, and Spain) triggered the
latest wave of financial problems. Ignoring sovereign debt in the Euro stress
test would be like ignoring toxic real estate assets in the U.S. 10%
Good - 90% Bad According to a Morgan Stanley survey, European banks
hold about 90% of their Greek government bonds in their banking books and 10%
in their trading books. The bonds in the banking book are generally held until
maturity, the bonds in the trading book are traded more frequently. According
to a document obtained by Bloomberg, the stress test assumes a loss of 23.1% on
Greek debt, 14% on Portuguese bonds, 12.3% on Spanish debt, 4.7% on German
debt, 10% on U.K. debt, and 5.9% on French debt. However, the stress test only
looks at the bonds held in banks' trading books, which account for a mere 10%
of Greek bond holdings. Can that be called a stress test? Nouriel Roubini says
that 'the assumptions made about economic growth, about sovereign risk are not
realistic enough.' The fact that only seven banks failed the test with a
combined shortfall of $4.5 billion confirms the lax nature of the test. … The U.S. Bank Stress Test - A Nice Façade
A closer look under the hood of the U.S. bank stress test, however, shows that
there's not much substance behind the facade either. It was determined that the
19 tested U.S. banks need to increase their balance sheets by $75 billion to meet
the conditions of what's termed the 'worst case scenario.' To a large extent,
the $75 billion of additional capital was financially engineered. Banks didn't
have to actually raise $75 billion. They were able to change the label of some
of their assets on their balance sheets. The government supported this practice
via mandatory convertible preferred shares (detailed analysis in May 2009 issue
of the ETF Profit Strategy Newsletter) …’
SEC
Says New FinReg Law Exempts It From Public Disclosure So much for transparency.
Regulatory Magic President Obama has signed the financial
industry regulatory overhaul — officially, the Dodd-Frank Wall Street Reform
and Consumer Protection Act. Predictably, what he said about it cannot possibly
be true.
Jim
Rogers Calls CNBC A Market PR Agency Whose Sole Purpose Is To Make Stocks Go
Higher A “cheeky” Jim Rogers
appeared earlier on CNBC Europe (which incidentally is orders of magnitude
better than its US equivalent), and confirmed the depths to which the once
relevant and informative TV station has now fallen.
Flashback:
Bush report: Sending jobs overseas helps U.S. The movement of American factory jobs and white-collar work to
other countries is part of a positive transformation that will enrich the U.S.
economy over time, even if it causes short-term pain and dislocation, the Bush
administration said yesterday.
Smoking
Guns of U.S. Treasury Monetization Kitco
| A significant feature of fiat money systems is the privilege for the
custodian of the reserve currency to engage in regular practices of ham-fisted
monetary management.
Banking
Disaster Largely Ignored By Mainstream Media Greg Hunter | It is amazing to me how little time
the mainstream media is spending on this unfolding financial disaster and how
much time it is devoting to things like Mel Gibson’s domestic problems.
Moody's:
Regional banks on review for downgrade (AP)
Consumer
confidence dims (Reuters)
Job worries drove July U.S. consumer confidence to its lowest since
February, with one in six people expecting lower income in the next six months,
underscoring the precarious state of econo...
Global
steelmakers paint gloomy picture (Reuters)
State budget gaps total $84 billion: study
Another
Recession Due Circa 2012: Jim Rogers A new recession would be due around
2012 but central banks will not be able to throw cash at it anymore, Jim
Rogers, chairman of Rogers Holdings, told CNBC Tuesday.
Marc Faber:
Relax, This Will Hurt A Lot Marc Faber closed out this week’s Agora
Financial Symposium with a speech that pretty much recapitulated the view that
the end of the world is if not nigh, then surely tremendous dislocations to the
existing socio-political and economic landscape are about to take place (with
some very dire consequences for the US).
The Continuing
Crisis in the New World Order LewRockwell.com | The crisis
continues in the new world financial order with no end in sight and no real
solution being put forth.
China
Calls Our Bluff: “The US is Insolvent and Faces Bankruptcy as a Pure Debtor
Nation but [U.S.] Rating Agencies Still Give it High Rankings” America’s biggest creditor – China – has
called our bluff.
US
bank failures in 2010 surpass 100
WASHINGTON (AP) -- U.S. bank failures this year have surpassed a bleak
milestone of 100 as regulators shut down banks in Georgia, Florida, South
Carolina, Kansas, Nevada and Minnesota. The six bank seizures announced Friday
bring to 102 the failures so far in 2010. The pace of bank closures this year
is well ahead of that of last year, which saw a total 140 bank shuttered amid the
recession and mounting loan defaults …
On the Disconnect Between the Market and the Economy Michael Shulman:
- The index of leading economic indicators fell
0.2% in June, the second drop in three months. A negative surprise.
- Unemployment claims rose to 464,000, more than
expected.
- Uncle Ben said we are facing a period of
“unusual uncertainty.” No kidding.
- Uncle Ben said we need continuing stimulus to a
Congress unwilling to stimulate anyone or anything other than lobbyists
with cash to contribute.
- Home sales fell 5.1% in June…’
(No recession helicopter ben) Bernanke Admits Major Policy Failures; Stocks Soar Darryl Montgomery What's wrong with this picture?
In his bi-annual testimony before Congress yesterday, Fed Chair Ben Bernanke
admitted that after more than a year and a half of zero interest rates and $3
trillion in federal deficit spending since 2008, the best case
scenario for the U.S. economy is slow growth and high unemployment. The S&P
500 is up 2.5% so far this morning on this 'good' news. Bernanke's congressional testimony included the
following statements (emphasis added by me):
"Most [FOMC] participants viewed uncertainty
about the outlook for growth and unemployment as greater than normal, and the
majority saw [at the June Fed meeting] the risks to growth as weighted to
the downside."
"Financial conditions--though much improved
since the depth of the financial crisis--have become less supportive of
economic growth in recent months."
"Many banks continue to have a large volume
of troubled loans on their books, and bank lending standards remain tight.
With credit demand weak and with banks writing down problem credits, bank
loans outstanding have continued to contract."
"After two years of job losses, private payrolls
expanded at an average of about 100,000 per month during the first half of this
year, a pace insufficient to reduce the unemployment rate materially.
In all likelihood, a significant amount of time will be required to restore the
nearly 8-1/2 million jobs that were lost over 2008 and 2009."…
Serious Analysis has given rise to a realistically mocking view of the current
fraud on wall street:
The Markets & The 'Teen Drama Economy' Jonathan Cheng If the
market’s mood swings these days are reminding you of high school, you’re not
alone ...
NATIONAL / WORLD
Drudgereport: WASHPOST TAKES ON THE SPOOKS:
Hidden world, growing beyond control...
854,000 people have
top-secret security clearance...
You really have to laud The Washington Post for this investigative brilliance
which whether people appreciate it or not, requires great corporate and
personal courage; even more so inasmuch as this is their backyard, so to speak.
Clearly, this illuminates the boondoggles which amazingly are coming at a time
when america will not be able to handle ‘bare necessities’ much less the
self-perpetuating, need-creating, bureaucracies which I’ve previously likened
to a perverse version of ‘Field of Dreams’ where if you will commit taxpayer
dollars, they’ll find / create a war, conflict, new war, etc., to spend it
on. NSA
Has Gotten So Big, Area Around It Has 112 Acres Of Parking Spaces In yet another terrifying expose, The
Washington Post continues to lift the veil on just how massive the US
government’s spying operation has become.
The following youtube video is well worth the look and
explains how and why the frauds on wall street have gotten away with their
devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1. [ The
Obama Deception Number 1 on U.S. Google Trends ]
‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
For
the Same Reason I’ve Included Here a Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
Who’s Barry Soetoro, wobama? Get your very own BARRY
SOETORO T-Shirt and ask the question, "Where is the Birth
Certificate?". The REAL name of President Barack Obama is BARRY SOETORO so get a t-shirt with a
picture of him on the front and the question, "Where is the Birth
Certificate?". http://infowars-shop.stores.yahoo.net/basot.html Obama’s
Comeback Strategy: Appearing On “The View” Now we know how the President will turn his flagging political
fortunes around… [More b*** s***!].
Is Obama a Marxist? He Works
for the Bankers Glenn Beck, the Fox News talking heads, and no
shortage of Tea Party activists like to characterize Barry Obama as a Marxist.
Poll: Waning
support for Obama on wars usa
today | Support for Obama’s wars fell to 36%, down from 48% in a
February poll.
Recession in U.S. Even Worse
Than Estimated, Revisions Show The worst U.S.
recession since the 1930s was even deeper than previously estimated, reflecting
bigger slumps in consumer spending and housing, according to revised figures.
Wow!
Talk about stretchin’ it! Alleged by black shooter: prejudice displayed by
company as they fired thornton for stealing / selling the company’s beer he was
supposed to be delivering … The ultimate race card … Riiiiight! You can’t make
this stuff up! Fatal Shootings Reponse: 'No One Died
After Police Arrived On Scene' Hartford Courant - As police on
Friday concluded their on-scene investigation into Tuesday's mass killing at
Hartford Distributors, they also began evaluating their response to the
tragedy. Police arrest woman they say accepted beer from Connecticut
shooter CNN
Omar Thornton 911 Call: "I Wish I Could Have Got More of
the People" CBS News
Voters
Reject Notion That “Government Can Do Anything It Likes” A Rasmussen poll
indicates that an overwhelming eighty-six percent (86%) of voters nationwide
say there should be “limits on what the federal government can do”, in response
to recent comments from pro-Obamacare Congressman Pete Stark.
Swine
Flu Investigator Jane Bürgermeister Faces Prison Now that there is
verifiable, unambiguous evidence that the Austrian government and state
prosecutors have faked criminal charges to provide a pretext to arrest and
detain me, I am going to apply to the European Court of Human Rights.
U.S. Employers Shed Jobs The
U.S. economy shed more jobs than expected in July while the unemployment rate
held steady at 9.5%, a further sign the economic recovery may be losing
momentum.
Gold
Surges To Three Week High As Dollar Tanks Gold prices have surged to to
three week highs as the stock market and the U.S. economy continue to flounder,
leaving investors seeking a safe haven in hard assets.
Globalists
Race To Enforce Criminal Carbon Tax Despite the failure of last year’s
Copenhagen climate summit, the United Nations is pushing ahead for a global
carbon tax that will bankroll the expansion of world government as globalists
attempt to make Americans pay for the evisceration of their own sovereinty and
future prosperity.
Poison
Tap Water Exposed As Soft Kill Weapon Water fluoridation has come to refer
to the addition of over 40 chemicals into the water supply that synergistically
come together to wreak havoc on the body and its processes.
Fluoride
Truth on Australian TV – Fluoride Retards the Brain TV NEWS show exposes Fluoride for what it is
– poison!
Poison
Tap Water Makes Number 1 Google Search Poison tap water has become the number one trending search term on
Google trends today after our efforts to bring attention to how sodium fluoride
in tap water is a deadly health threat went viral.
Sodium
Fluoride: Poison In The Tap Water Alex Jones is launching a new campaign to
inform the public about the toxic chemical fluoride being added to tap water
across the country. While EPA scientists and workers are calling for an end to
water fluoridation, the government is doing everything in its power to continue
and even increase the amount of toxic chemicals being added to public water
supplies.
Naked
Body Scanners: Monumental Cover Up Exposed At the height of the furor over
airport body scanners earlier this year, the TSA publicly stated that it was
not possible to store, record, transmit or print out the images that show in
detail the naked bodies of men, women and children that have passed through
them. At the time we presented evidence to the contrary. Now it has been
conclusively proven that the TSA and other federal agencies using the scanners
flat out lied to an unwitting public.
Material
girl Michelle Obama is a modern-day Marie Antoinette on a glitzy Spanish vacation
NY Daily News | But while most of the country is pinching
pennies and downsizing summer sojourns – or forgoing them altogether – the
Obamas don’t seem to be heeding their own advice.
SEC
Probes BP Potential Insider Trading: Sources Reuters |
U.S. securities regulators are investigating whether people may have illegally
profited from trading on nonpublic information at BP in the weeks following the
disastrous Gulf oil spill.
Rockefeller
Foundation Developed Vaccines For “Mass-Scale” Fertility Reduction In its
1968 yearly report, the Rockefeller Foundation acknowledged funding the
development of so-called “anti-fertility vaccines”
The Psychology of
Conspiracy Denial Wired Magazine writer Jonah Lehrer attempts to offset the
overwhelmingly critical response to his attack on Alex Jones by characterizing
skepticism of authority in the context of vaccines and mass medication as a
psychological dysfunction, despite the fact that the history of
government-funded medical research in the United States is replete with
examples of scientific abuse against unwitting victims.
Enemy hyped
assassination: Iran pres. Iran’s President Mahmoud Ahmadinejad rejects
reports about an assassination attempt on his life in Hamadan Province as a
plot hatched by the enemies.
China
Holds More Military Exercises Amid Tensions With U.S. Chinese armed forces
on Thursday continued a second set of back-to-back exercises, underscoring
expanding capabilities and ambitions that have prompted unease among top U.S.
military officers. That unease has been exacerbated by Beijing’s freezing of
military-to-military ties.
Preparing
for World War III, Targeting Iran Humanity is at a dangerous crossroads.
War preparations to attack Iran are in “an advanced state of readiness”. Hi
tech weapons systems including nuclear warheads are fully deployed.
Pentagon tells WikiLeaks: "Do right thing" (Reuters) [Great
advice … if only the endless war, military complex based pentagon could take
it!] The Pentagon demanded on Thursday that whistle-blower web site WikiLeaks
immediately hand over about 15,000 secret Afghan war records it had not yet
published and erase material it had alrea…
US faces deadliest month in
Afghan war With 63 US service members killed,
July has become the deadliest month for American forces stationed in war-torn
Afghanistan.
Google
and CIA Plough Millions Into Huge ‘Recorded Future’ Monitoring Project Google’s
cosy relationship with the U.S. spy network has once again been thrust into the
spotlight as the company is reported to have jointly invested with the CIA in
an Internet monitoring project that scours Twitter accounts, blogs and websites
for all sorts of information, and can also “predict the future”.
Google
and CIA Fund Political Precrime Technology More evidence has emerged
revealing Google’s spook connections. Noah Shachtman, writing for Wired,
details how the CIA’s technology investment operation, In-Q-Tel, and Google are
supporting a company that monitors the web in real time.
President
Obama calls African-Americans a ‘mongrel people’ President Obama waded into
the national race debate in an unlikely setting and with an unusual choice of
words: telling daytime talk show hosts that African-Americans are “sort of a
mongrel people.”
White
House proposal would ease FBI access to records of Internet activity The
Obama administration is seeking to make it easier for the FBI to compel
companies to turn over records of an individual’s Internet activity without a
court order if agents deem the information relevant to a terrorism or
intelligence investigation.
Google
and CIA Plough Millions Into Huge ‘Recorded Future’ Monitoring Project Steve
Watson | Search Company’s ties to spy agency in spotlight again over
real time Internet monitoring.
Google
and CIA Fund Political Precrime Technology Kurt Nimmo |
Google is complicit in the concerted effort to build a huge surveillance and
control grid.
Source
of leaked military docs unknown: WikiLeaks While the United States is
trying to hunt for the individual behind the massive leak of US military data
on Afghanistan war, the whistleblowers’ website, that made the 91,000
classified documents available to the world, has said that the source of leak
is unknown.
Possible
False Flag? Japanese Say Oil Tanker Attacked Near Hormuz Bloomberg is
reporting this morning that an oil tanker owned by the Japanese company Mitsui
O.S.K. Lines Ltd., operator of the world’s second-largest oil-tanker fleet, may
have been attacked near the Strait of Hormuz, a strategically important
waterway between the Gulf of Oman and the Persian Gulf bordering Iran.
Document
leak part of U.S. plot, says Pakistani ex-general with ties to Taliban From
the deluge of leaked military documents published Sunday, a former Pakistani
spy chief emerged as a chilling personification of his nation’s alleged
duplicity in the Afghan war — an erstwhile U.S. ally turned Taliban tutor.
Leaked
files indicate U.S. pays Afghan media to run friendly stories Buried among
the 92,000 classified documents released Sunday by WikiLeaks is some intriguing
evidence that the U.S. military in Afghanistan has adopted a PR strategy that
got it into trouble in Iraq: paying local media outlets to run friendly
stories.
World
Net Daily (I found them to be a less than credible israeli / bush aministration
shill at best and haven’t even looked at said site in many years) writer says
Fluoride is good for you. An open letter to Phil Elmore Rob Dew /
Kurt Nimmo | The only winners are the aluminum and fertilizer
industries that work hand in hand with public water works to send toxic waste
into the homes of millions across our country.
Congress
extends war funding for Afghanistan Baltimore Co. Independent Examiner | Congress
voted to extend funding for the war in Afghanistan by an additional $59 billion
late on Tuesday.
Kucinich:
92,000 reasons to end the wars AFP | US lawmakers opposed
to the Afghan war, emboldened by a huge leak of military files on the conflict,
pushed Tuesday for pulling US forces from Pakistan.
Oliver
Stone has apologized for his anti-Semitic rant, but is the damage already done.
What damage? To perceived reality as opposed to reality? When you look at
america’s pro-israel, self-destructive, contra-indicated policies, including
the hands off policy vis-à-vis fraudulent wall street, you see the truth to
what he says which is what so many astute individuals are already thinking /
realizing. How can people continue to ignore the truth, to their own detriment
Think about it. Do you really think he would risk the typical onslaught if the
same weren’t true? ‘Director Oliver
Stone has been forced to make a grovelling apology over an anti-Semitic
outburst. The double Academy Award winner claimed that the Russians suffered
more during the Second World War and that there was a Jewish 'domination of the
media'. Stone also said that Jews had '****ed up' U.S. foreign policy for years
and suggested the British supported Hitler ...’ The relentless attacks on Mel
Gibson are of the same caliber and purpose; suppression of truth!
Infowars.com
Poll: Majority Believe Road Warrior Depression Coming Kurt Nimmo
| Like the Great Depression, the Greatest Depression now being scientifically
created has a specific agenda in mind.
On the
Bloated Intelligence Bureaucracy
Disappearing
Act: $8.7 Billion of Iraq Development Money Missing Kurt Nimmo
| Government says it is all the fault of shoddy accounting practices.
Ahmadinejad:
US Expansion Of War In Middle East Imminent Steve Watson | Tensions rise with saber rattling
rhetoric.
David
Cameron: Israeli blockade has turned Gaza Strip into a ‘prison camp’ David
Cameron used a visit to Turkey to make his strongest intervention yet in the
intractable Middle East conflict today when he likened the experience of
Palestinians in the blockadedGaza Strip to that of a “prison camp”.
Rockefeller
Study Envisages Future Dictatorship Controlled By Elite … (Vegetables … Yes,
Asparagus, not Broccoli) … Here’s the pathetic news, however; it’s called
reality: [Neanderthals, Humans
Interbred, DNA Proves Signs of Neanderthals
Mating With Humans -
Neanderthals mated with some modern humans after all and left their
imprint in the human genome. Genome hints humans, Neanderthals rolled in
prehistoric hay You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals and people interbred, fossil
analysis finds For more info on man’s humble beginnings, see
here http://www.albertpeia.com/anthroindex1.htm
Previously I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN....
These stories, and the many like it, are old news and I subscribe to the more
studied view that there is no “missing link” per se and in my view they are
distinctions without significant differences. I previously wrote: [see infra] and [Interestingly, my
intuitive (but unstudied) thoughts prior to closer examination of the
compelling subject of Biological Anthropology remain what I believe to be the
correct scenario. Specifically, very simply stated, for the most part, the more
“enlightened” (but not by much; by mutation, accident, luck, intervention,
etc.) left the unvarying confines of their Sub-Saharan origins, experienced
diverse new environs, challenges, etc., experienced what has been described (by
neuroscientists, psychologists, etc.) as neurogenesis in varying degrees and
forms thereby over time, which trait was selected for and is consistent with
the purported multi-regional evolutionary model which does not overtly
contradict ultimately, initial African origins. Races, sub-species, missing
links, etc., are subsumed in this very humbling and sorrowful tale of the “dawn
of man”.] [see infra] …] Global pandemics that kill
millions, mandatory quarantines, checkpoints, biometric ID cards, and a world
of top-down government control. These things are not lifted from the latest
sci-fi blockbuster movie, they’re part of the Rockefeller Foundation’s vision
for what the globe might be like in 15-20 years’ time under a new world order
tightly controlled by the elite. [That’s getting awfully close to the outside
‘decades, not millennia or even centuries’].
Iran
accuses US and UK of supporting group behind mosque attacks Iran is vowing
to hunt down a Sunni separatist group which claimed responsibility for a double
suicide bombing that killed 28 people at a mosque in the south-eastern city of
Zahedan.
US, NATO
behind Iran bombings: MP An Iranian lawmaker slams the recent bombings in
the country’s southeast as a plot by Western military forces in the Middle East
to spread terror on Iran’s borders.
WASHPOST
Ombudsman: Why Silence on Black Panther Story? (Washington Post) ‘Thursday's Post reported about a growing
controversy over the Justice
Department's decision to scale down a voter-intimidation case against members
of the New Black Panther Party. The story succinctly summarized the issues
but left many readers with a question: What took you so long? For months,
readers have contacted the ombudsman wondering why The Post hasn't been
covering the case. The calls increased recently after competitors such as the
New York Times and the Associated Press wrote stories. Fox News and right-wing
bloggers have been pumping the story. Liberal bloggers have countered, accusing
them of trying to manufacture a scandal. But The Post has been virtually
silent. The story has its origins on Election Day in 2008, when two members of
the New Black Panther Party stood in front of a Philadelphia polling place. YouTube
video of the men, now viewed nearly 1.5 million times, shows both wearing
paramilitary clothing. One carried a nightstick…’
Latino
KKK: You are too white to be American! ALIPAC | Tan Klan woman can scream racist
comments because the Obama administration and most of the major news networks
in America have her back.
‘West,
israel linked to SE Iran blasts’ A
ranking official with the Islamic Revolution Guards Corps (IRGC) has implicated
“the us, israel and some european countries” in the deadly blasts in the
southeastern Iranian city of Zahedan.
De-classified
Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin Was A Staged False
Flag Event Over 1,100 pages of previously classified Vietnam-era
transcripts released this week by the Senate Foreign Relations Committee
highlight the fact that several Senators knew that the White House and the
Pentagon had deceived the American people over the 1964 Gulf of Tonkin
incident.
Afghans march in Kabul to denounce NATO
strikes that killed civilians: Demonstrators shout anti-American slogans,
denounce NATO strikes (Washington Post ) Sounds
like a plan! Almost surreal was the appearance of gates on failed network
‘news’ show to shill the non-strategy of draw down (of troops) linked to
success. What success? Just being there and every day they’re there is
unequivocally abject failure. Celebritology
Weekend: Angelina Jolie biography arrives; Heidi Montag files for divorce (Washington
Post ) I usually don’t weigh in on entertainment news, but this
headline concerning what appears to be a disparaging, and quite selectively so,
purported biography of Angelina Jolie is very disheartening when you consider
the numerous instances of failed leadership at nearly all very high levels of
government having so detrimental an impact on the world, that morton deems his
time appropriate to an actress who has actually tried to do good things (U.N.,
etc.) without having to. Indeed, even her latest film ‘Salt’ (spectacular by
any standard as is her performance – there are at least 2 winning sequels there
with 4 the max and stretching it owing to age – she puts all, and I mean all
the ‘Bonds’ to shame) had an important message in terms of the damage to this
nation by a seemingly endless, nation-bankrupting, anti-american (war criminal
israelis already, and quite correctly, globally hated) sentiment producing war
strategy that is neither strategy nor reasonably consistent with any positive
american goal / objective; but rather is
such a debacle and folly that the same could very well be one that only
an enemy of defacto bankrupt america could hatch and for the reasoning set
forth in the well-written / directed film. She astutely observed and talked
about the synchronicity of the film as juxtaposed to recent events revealing
that she is wiser than most in
Washington.
Wall
Street Is Laundering Drug Money And Getting Away With It Zach
Carter | Wachovia was moving money behind literally tons of cocaine
from violent drug cartels. It wasn’t an accident.
Vegetable
zionist Zelig joe lieberman’s Model For America: Purging The Internet of
Dissent When political Zelig joe lieberman attempted to justify draconian
legislation that would provide President Obama with a figurative kill switch to
shut down parts of the Internet, he cited the Chinese system of Internet
policing as model which america should move towards
Drudgereport:
NEW
LOW FOR O: USATODAYGALLUP HAS OBAMA APPROVE AT 41%...
WELCOME
TO THE RECOVERY...
JULY
UNEMPLOYMENT -131,000 JOBS...
Revised: May/June -97,000 jobs than first reported...
Odd
mix of bad news...
Michelle
Obama 'modern-day Marie Antoinette'...
MICHELLE
O'S $375,000 VACATION?!
Strolls
Marbella after State Dept. 'racist' Spaniards gaffe...
GALLUP:
Blacks and Whites Continue to Differ Sharply on Obama...
JUDGE
KNOCKS DOWN MARRIAGE PROP IN CA
BLOW
TO O: MO SAYS NO
Voters
overwhelmingly rejected federal mandate to purchase health insurance...
Americans
swap passports; Desire to avoid tax leads some to renounce citizenship...
Ahmadinejad
survives blast near motorcade...
'Stupid
Zionists have hired mercenaries to assassinate me'...
FALTERING RECOVERY TRIPS DOLLAR...
GM,
FORD and CHRYSLER Sales All Lag Estimates...
Stimulus
Slammed: Republican Senators Release Report Alleging Waste...
The
100 worst stimulus projects...
SHOCK
VIDEO: DEM CONGRESSMAN BRAGS: 'FEDERAL GOVERNMENT CAN DO MOST ANYTHING IN THIS
COUNTRY'...
Deadliest Month Of Afghan War
Paper:
Will Washington's Failures Lead To Second American Revolution
Maxine
Waters faces trial over bank bailout funds...
HOT WATERS
Dems
Say Sorry, Charlie...
Democrats
Say Rangel Should Resign...
Obama:
Time For Rangel To End Career 'With Dignity'...
Dutch
become 1st NATO member to quit Afghanistan...
FCC
ends net neutrality talks (Washington Post) God knows it’s rare for me to
commend america for a governmental policy decision, but this is indeed one such
moment inasmuch as freedom of speech, constitution, meaningful laws applicable
to all, etc., are what define a nation and America, particularly.
Retailers'
back-to-school blues (Washington Post) Sounds like a plan! The
back-to-school part; and make sure the frauds on wall street along with capital
hill are with them … you know, for the readin’, ‘ritin’, and ‘rithmetic, among
other fundamentals that they’ve forgotten or never learned. Like adding/subtracting
on capital hill, economics/finance/accounting on wall street, etc.. Drogen
doesn’t believe they can so this day he’s Stepping Aside Because I Can Always
Buy Back In Leigh Drogen ‘I sold out of everything this morning, for a
few reasons.(infra)
Fannie
Mae shows progress (Washington Post) Wow! Talk about wall street spin and
parallel universes! I mean, come on; billion dollar plus losses are still
billion dollar plus losses; and, given the amounts of money defacto bankrupt
america doesn’t have that’s been thrown at the problem, anyone who doesn’t have
a sense of foreboding is a fool.
Go to following pages for
above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You may post a comment on
my blog on any topic: http://alpeiablog.blogspot.com
Dutch
become 1st NATO member to quit Afghanistan...
GATES:
Few U.S. troops to leave in 2011 … Sounds like a … no plan! ...
JOINT CHIEFS CHAIRMAN: Defacto bankrupt u.s. has Iran strike plan
Riiight! … new war plan the u.s. plan for dealing with failed plans ...
Gdp:
2.4%
Mediocre
Growth...
Recession
Deeper Than Gov't Previously Thought...
Nyt:
Employment Outlook Fades...
Prince
Charles: 'My Duty Is To Save The World' … Well, so much for that. There Goes
The World! ...
AP:
A bleaker outlook for economy into 2011...
Rangel
faces 13 ethics charges...
(wobama) Calls
African-Americans a 'mongrel people'...
'We
are now in the trial phase'...
Catalonia (Dali, Picasso,
etc.) bans bullfighting (very civilized)...
CLAIM: Giant asteroid on
course to hit Earth...
SEC Says New
FinReg Law Exempts It From Public Disclosure...
Oprah Hits All-Time Ratings
Low- like O -- Again!
GOLDMAN reveals where
bailout cash went -- overseas banks!
POLLS:
NEW LOWS FOR O...
Top U.S. officer
warns Afghan war will get worse...
Bank
failure tally passes 100 for year...
BUDGET DEFICIT TO REACH RECORD $1.47 TRILLION...
WH: A 'FISCAL SITUATION THAT REQUIRES
ATTENTION'...
Kerry
Docks New Yacht In RI To Duck MA Taxes...
PRICE
TO ATTEND OBAMA'S BIRTHDAY BASH: $30,000...
CHARLIE
RANGEL CHARGED WILL
FACE TRIAL
RACE
MESS: Obama Said Vilsack 'Jumped Gun' on Woman's Ouster...
Buchanan:
Obama team's panic over losing whites...
POLL: ANY REPUBLICAN WOULD
BEAT OBAMA IN '12...
Whites, Independents Deserting
Obama...
PACK
YOUR BAGS: CONGRESS CONFIDENCE AT 11%...
BAILOUT REACHES $3.7 TRILLION...
Gov't watchdogs: Mortgage
program not working...
Bernanke: 'Unusually Uncertain'...
Unemployment rate high
through Obama term...
Developing... NYT:
WORKERS ON DOOMED RIG VOICED CONCERN ON SAFETY...
Arab
guilty of rape after consensual sex with Jew...
40
billionaires join Gates, Buffett in pledge to give half their fortunes to
charity (Washington Post) I thought 100%
the number, and will wait till I see it. Still, no small potatoes here. Sounds like an estate plan or maybe … Virginia's
inner struggle to get off the scotch tax (Washington
Post) Beats moonshinin’ say the virginia hillbillies … those darn
revenuers!
Geithner:
Extending Bush tax cuts is a '$700 billion mistake' (Washington Post) ‘God bless us, everyone’ says
that little teddy, tiny tim geithner, a lover of taxes himself and statutes of
limitation concerning same.
General's
record is set straight (Washington Post) Knowing for sure,
you know, that it truly was Nixon who banged that pregnant girl just like the
tea shirt / poster said is kind of a mind altering experience. After all, just
as Truman once said, Nixon didn’t know whether he’s lying or telling the truth.
Well, that’s one for old saint Nixon since that militates against intent; you
know, the not knowing part, and after all, he was a liar(sic) by trade. Truth
be told, by more current american standards of corruption, venality, verity,
etc., Nixon was but a choir boy. The
irony of it all. Oh, the times they are a changin’.
House
break cut short to work on jobs bill (Washington
Post) Eh … what the heck, ‘tis only money (they don’t really have) and besides, only the federal government
can print it … sounds like a plan … and just in time for the election, and that
should help the ue stats.
Come on! Preposterous!
Service sector? You mean the the b*** s*** sector. Even if believed (I don’t
believe anything they say, and at the least all must be discounted down, as
they do later when people have forgotten that’s the purported reason they
rallied), what is 17,000 service (predominantly b*** s*** government bought
jobs with non-existent deficit building funds with some exceptions – yes, 80%
of america’s economy is now b*** s*** and as on wall street, fraud) jobs in the
relative scheme of things given the magnitude of the problems, structural and
otherwise? Nothing! Stocks went up on typically spun ‘nothing’.
General's
record is set straight (Washington Post) Knowing for sure, you know, that it
truly was Nixon who banged that pregnant girl just like the tea shirt said is
kind of a mind altering experience. After all, just as Truman once said, Nixon
didn’t know whether he’s lying or telling the truth. Well, that’s one for old
saint Nixon since that militates against intent; you know, the not knowing
part, and after all, he was a liar(sic) by trade. Truth be told, by more
current american standards of corruption, venality, verity, etc., Nixon was but
a choir boy. The irony of it all. Oh,
the times they are a changin’.
GATES:
Few U.S. troops to leave in 2011 … Sounds like a … no plan! ...
JOINT CHIEFS CHAIRMAN: Defacto bankrupt u.s. has Iran strike plan
Riiight! … new war plan the u.s. plan for dealing with failed plans ...
Gdp:
2.4%
Mediocre
Growth...
Recession
Deeper Than Gov't Previously Thought...
Nyt:
Employment Outlook Fades...
Prince
Charles: 'My Duty Is To Save The World' … Well, so much for that. There Goes
The World! ...
AP:
A bleaker outlook for economy into 2011...
Rangel
faces 13 ethics charges...
(wobama) Calls
African-Americans a 'mongrel people'...
'We
are now in the trial phase'...
Catalonia (Dali, Picasso,
etc.) bans bullfighting (very civilized)...
CLAIM: Giant asteroid on
course to hit Earth...
SEC Says New
FinReg Law Exempts It From Public Disclosure...
Oprah Hits All-Time Ratings
Low- like O -- Again!
GOLDMAN reveals where
bailout cash went -- overseas banks!
POLLS:
NEW LOWS FOR O...
Top U.S. officer
warns Afghan war will get worse...
Bank
failure tally passes 100 for year...
BUDGET DEFICIT TO REACH RECORD $1.47 TRILLION...
WH: A 'FISCAL SITUATION THAT REQUIRES
ATTENTION'...
Kerry
Docks New Yacht In RI To Duck MA Taxes...
PRICE
TO ATTEND OBAMA'S BIRTHDAY BASH: $30,000...
CHARLIE
RANGEL CHARGED WILL
FACE TRIAL
RACE
MESS: Obama Said Vilsack 'Jumped Gun' on Woman's Ouster...
Buchanan:
Obama team's panic over losing whites...
POLL: ANY REPUBLICAN WOULD
BEAT OBAMA IN '12...
Whites, Independents
Deserting Obama...
PACK
YOUR BAGS: CONGRESS CONFIDENCE AT 11%...
BAILOUT REACHES $3.7
TRILLION...
Gov't watchdogs: Mortgage
program not working...
Bernanke: 'Unusually Uncertain'...
Unemployment rate high
through Obama term...
Developing... NYT:
WORKERS ON DOOMED RIG VOICED CONCERN ON SAFETY...
Arab
guilty of rape after consensual sex with Jew...
Go to following pages for
above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You
may post a comment on my blog on any topic: http://alpeiablog.blogspot.com
Comment on: Jobs
in the cards? at 8/4/2010 6:11 AM EDT
How Obama can help small
business (Washington Post) You’re a bit late … they’ve already decided how to
help … you might call their plan of putting them out of their vaunted misery
mercy killing, euthanasia, etc..
FHA: Mortgage insurance claims down (Washington Post) At least somethin’s goin’
up, according to tiny tim ‘God bless us, everyone’! Treasury Secretary Timothy
Geithner: Unemployment Could Go Up Before It Comes Down Infowars.com - [Ooooh!
Sounds like a plan ‘tiny tim’! … God bless us everyone! ] Treasury Secretary
Timothy Geithner acknowledged that it is still a “tough economy” for most
americans, and warned it’s possible the unemployment rate will go up for a couple
of months before it comes down as more people enter the labor force.
U.S. savings rate at highest level in a year, data show: UNEASE ABOUT U.S.
ECONOMY
Data suggest recovery not yet self-sustaining (Washington Post) Riiiight!
Income and spending basically unchanged with falloff in both, while pending
housing sales down to the lowest level on record. The half-glass full frauds on
wall street will take it. They can spin that.
Drudgereport: NEW LOW FOR O: USATODAYGALLUP HAS OBAMA APPROVE AT 41%...
Americans swap passports; Desire to avoid tax leads some to renounce
citizenship...
FALTERING RECOVERY TRIPS DOLLAR...
GM, FORD and CHRYSLER Sales All Lag Estimates...
Comment on: FHA
is in better shape than expected at
8/4/2010 5:55 AM EDT
FHA: Mortgage insurance
claims down (Washington Post) At least somethin’s goin’ up, according to tiny
tim ‘God bless us, everyone’! Treasury Secretary Timothy Geithner: Unemployment
Could Go Up Before It Comes Down Infowars.com - [Ooooh! Sounds like a plan
‘tiny tim’! … God bless us everyone! ] Treasury Secretary Timothy Geithner
acknowledged that it is still a “tough economy” for most americans, and warned
it’s possible the unemployment rate will go up for a couple of months before it
comes down as more people enter the labor force.
Comment on: As
wages stall, savings rate rises at
8/4/2010 4:56 AM EDT
U.S. savings rate at
highest level in a year, data show (Washington Post) Riiiight! Income and
spending basically unchanged with falloff in both, while pending housing sales
down to the lowest level on record. The half-glass full frauds on wall street
will take it.
Comment on: Democrats
turn to manufacturing for jobs at 8/4/2010
4:52 AM EDT
Manufacturing focus of
jobs plan (Washington Post) L’il bit late, but, sounds like a plan. The
government’s defacto bankrupt, but, they could always use an extra pen or two
for signing those spending bills. No bics allowed. Made in usa pens only. Ah!
But alas. Defacto bankrupt america’s expertise now lies in manufacturing wars.
Treasury
Secretary Timothy Geithner: Unemployment Could Go Up Before It Comes Down [Ooooh! Sounds like a plan ‘tiny tim’! … God
bless us everyone! ] Treasury Secretary Timothy Geithner acknowledged that it
is still a “tough economy” for most Americans, and warned it’s possible the
unemployment rate will go up for a couple of months before it comes down as
more people enter the labor force.
22
Statistics About America’s Coming Pension Crisis That Will Make You Lose Sleep
At Night
Americans who swap
passports americans hoping to give
up their citizenship… (sure sign of insanity … I mean, Orwellian england of all
places?)
Temporary
Firehouse Closures Begin In Philadelphia Philadelphia has started temporarily closing fire stations in
order to balance its budget.
Layoffs to
gut East St. Louis police force
In
devising punishments, SEC faced with competing interests (Washington Post) The best punishment and the greatest
deterrent is to assure that the wall street
frauds et als are criminally prosecuted, jailed, fined, and disgorgement
imposed; that is, to forfeit what
they stole by fraudulent means (remember, the bad paper is still out there but
I believe slowly but surely and very selectively being supplanted by hard,
albeit fiat currency) at the least. The cost to the treasury / taxpayer has been enormous
and hence, the resistance to transparency / audit. The wall street perps should
pay, and as yet, they haven’t.
Tiny Tim geithner to bankers: Fear not new rules
(Washington Post) They don’t! … And, you can take that to the insolvent, mark
to anything bank! God bless us everyone! … And tiny tim, where’s that missing 4
trillion at the new york fed? Have the taxpayers, through more surreptitious
skullduggery effectively picked up that tab too?
Bernanke: Long road back to economic health (Washington Post) No-recession helicopter ben, waxing
philosophical while strumming a few lines from the Beatle’s ‘Long and Winding
Road’ with great emotion that makes us feel for that poor sot … or snot … or
NOT!
Slowing economic rebound raises
unemployment fears (AP) [Wow! Talk about understatements!]
China Becomes Second Biggest
World Economy China has overtaken Japan to become the world’s
second-largest economy, the fruit of three decades of rapid growth that has
lifted hundreds of millions of people out of poverty.
Marc Faber Questions if Dow
Could Hit 1,000 In the August edition of the ‘The Gloom, Boom
& Doom Report’ Marc Faber questions whether the Dow could hit 1,000 as predicted by Robert Prechter, based
on his interpretation of Elliot Waves, Fibonacci numbers and socioeconomic
trends. Prechter, who has written 13
books on finance (external link), believes
that the stock market is historically overvalued in terms of dividends and
earnings, because of a “great rise in positive social mood.” But the mood
changed in 2000 and the “trend toward negative social mood will lead to an
economic contraction,” according to Prechter. “Small bear markets lead to
recessions, big bear markets lead to depressions. The current bear market will
be the biggest in nearly 300 years, so the depression will be correspondingly
deep,” Prechter said.
Latino
KKK: You are too white to be American! ALIPAC | Tan
Klan woman can scream racist comments because the Obama administration and most
of the major news networks in America have her back.
‘West,
israel linked to SE Iran blasts’ A
ranking official with the Islamic Revolution Guards Corps (IRGC) has implicated
“the us, israel and some european countries” in the deadly blasts in the
southeastern Iranian city of Zahedan.
De-classified
Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin Was A Staged False
Flag Event Over 1,100 pages of previously classified Vietnam-era
transcripts released this week by the Senate Foreign Relations Committee
highlight the fact that several Senators knew that the White House and the
Pentagon had deceived the American people over the 1964 Gulf of Tonkin
incident.
Afghans march in Kabul to denounce NATO
strikes that killed civilians: Demonstrators shout anti-American slogans,
denounce NATO strikes (Washington Post ) Sounds like a plan! Almost
surreal was the appearance of gates on failed network ‘news’ show to shill the
non-strategy of draw down (of troops) linked to success. What success? Just
being there and every day they’re there is unequivocally abject failure. Celebritology
Weekend: Angelina Jolie biography arrives; Heidi Montag files for divorce (Washington Post ) I usually don’t weigh in on
entertainment news, but this headline concerning what appears to be a
disparaging, and quite selectively so, purported biography of Angelina Jolie is
very disheartening when you consider the numerous instances of failed
leadership at nearly all very high levels of government having so detrimental
an impact on the world, that morton deems his time appropriate to an actress
who has actually tried to do good things (U.N., etc.) without having to.
Indeed, even her latest film ‘Salt’ (spectacular by any standard as is her
performance – there are at least 2 winning sequels there with 4 the max and
stretching it owing to age – she puts all, and I mean all the ‘Bonds’ to shame)
had an important message in terms of the damage to this nation by a seemingly
endless, nation-bankrupting, anti-american (war criminal israelis already, and
quite correctly, globally hated) sentiment producing war strategy that is
neither strategy nor reasonably consistent with any positive american goal /
objective; but rather is such a debacle
and folly that the same could very well be one that only an enemy of defacto
bankrupt america could hatch and for the reasoning set forth in the
well-written / directed film. She astutely observed and talked about the
synchronicity of the film as juxtaposed to recent events revealing that she is wiser than most in Washington.
Obama's
'I told you so' on autos (Washington Post) Riiiiight, wobama. One out of
thousands of things you said (laws of ‘random probability’ on your side), all
total b*** s***, ain’t nothin’ to crow about …
and, by not standing by things wobama said, the nation’s more bankrupt!
For
some, power is money (Washington Post) ‘Montgomery workers lose wages as
they wait for power to return’ … Sounds like a plan … waiting for Godot …
PricewaterhouseCoopers
laying off 500 employees
(Washington Post) Well, the least you can say for these accountants is
that unlike washington, they can do basic math (add / subtract).
Regulators
close banks (108 total 2010) in Fla., Ga., Ore., Wash. (Washington Post)
Sounds like a plan! Things going swimmingly. Just separating the wheat from the
chaff, so to speak.
U.S.
recovery hopes fade as economic growth dips (Washington
Post) Gross domestic product is not rising fast enough to ease unemployment …
July
becomes deadliest month for U.S. troops (Washington Post)
Sounds like plan! You know, the fraudulent wall street glass half full kind of
thing … lowering of costs of prospective medical, benefits, pension … well, in
truth, I’m not sayin’ that they said that, but you’re dreamin’ if you don’t
think they think like that. You know, the new ‘attention to deficits disorder’
in light of the nation’s defacto bankruptcy. What a total waste in every
respect!
Afghan
spending faces scrutiny (Washington Post) Wow! Talk about a
little bit late for that. Oh, right … they were busy spending money the nation
doesn’t have on other things. Congress
extends war funding for Afghanistan Disappearing
Act: $8.7 Billion of Iraq Development Money Missing Kurt Nimmo | Government says it is all the
fault of shoddy accounting practices.
3
U.S. troops die in Afghan war's deadliest month (Washington
Post 7-30-10) World News Digest: a Worth it?
4 U.S. troops die in bomb blast in south
Afghanistan (AP, July 24, 2010) ‘There will be
blood’ … whoops, that’s oil, wrong movie theme. This one’s about heroin
trade. 2 More Americans killed in copter crash in
Afghanistan (AP) Not so much, unless they rename Tony Montana, To
Mon el Swahili and recut ‘Scarface’ to reflect an Aghanistan Heroin connection,
or similarly change ‘Hurt Locker’. It’s a good thing for the military that IQ
tests aren’t required. Three
U.S. Embassy guards killed in rocket attack in Baghdad's Green Zone
(Washington Post) Big yes there since ‘The Green Zone’ got Hollywood movie
status. Bomb
near Iraq mosque kills 15; U.S. soldier dies in road blast
(Washington Post, July 22, 2010) But guess what … none of that’s worth it; even
for volunteer soldiers whose suicide rate is unprecedented owing to this
pointless, meaningless conflagration for the sake of the military industrial
complex and the enrichment of the few; and, to which Pat Tillman was to attest which
got him fragged.
Middle
East Digest (Washington Post) Witnesses report Israeli airstrikes in Gaza
Previous-Mideast
Digest Israeli shelling kills 2 wounds 6 Gaza civilians: (Washington Post)
[War criminal israelis justified their attack saying when the 10 year
old girl grew up to be a woman she’d be prepared to fire rockets at them]
In 1948, U.S. Secretary of Defense James Forrestal, an opponent
of the creation of a Jewish state in Palestine, warned that, even though
failure to go along with the Zionists might cost President Truman the states of
New York, Pennsylvania, and California, it was about time that somebody should
pay some consideration to whether we might not lose the United States. Mr.
Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto
bankrupt america in intractable decline.
TIME
TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND ABROGATE THE CREATION OF THE
NATION STATE OF ISRAEL
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
Adding
profits but subtracting workers (Washington Post) Sounds like an american
strategy as on wall street launched pleine lune, vollmond, luna ilena, plenilunio, pełnia księżyca, or full moon in English. You
know, despite warnings from the very sane Ross Perot very near labeled a
lunatic, the lunatics on wall street and elsewhere ‘figured’ how by shipping
production and jobs elsewhere you could do nothing with almost no workers and
still make a similar percentage profit by selling the repackaged foreign
product here (in other words something akin to wall street’s churn-and-earn
high frequency computerized commissionable trade programs that in real economic
terms is a net negative). The reference to Orwellian, though in other context,
if only for the synchronicity and the rapidity with which these negative events
have unfolded is welcomed. Just look at britain. Those poor dumb brits. They
think Orwellian’s their destiny and the way to go.
Long-term
deflation is called a possibility (Washington Post) Whoops … Federal
Reserve's James Bullard: Long-term deflation like Japan’s is a possibility … If
only america’s could be like Japan’s … they’d take it. Though an
understatement, this revelation comes at a time when the ‘no recession ben fed’
has become the antithesis of that ‘Washington cherry-tree tale’ since they’ve
become known for their american tail (sic)
‘they cannot tell the truth’.
Foreclosures
rise in most major metropolitan areas (Washington Post) Ooooh! Sounds like
a plan! Bully, bully, bullish say the frauds on wall street since when sold in
foreclosure those sales can be spun for increased existing (or new) real estate
sales (kind of like that almost contrarian indicator, short sales, meaning at
some point they’ll have to cover … righto old beans).
The biggest question since:Atlas/Who is John Galt?Who is Barry Soetoro,wobama?
Who’s Barry Soetoro, wobama? Get your very own BARRY
SOETORO T-Shirt and ask the question, "Where is the Birth Certificate?".
The REAL name of President Barack Obama
is BARRY SOETORO so get a t-shirt with a picture of him on the front and
the question, "Where is the Birth Certificate?". http://infowars-shop.stores.yahoo.net/basot.html Obama’s
Comeback Strategy: Appearing On “The View” Now we know how the President will turn his flagging political
fortunes around… [More b*** s***!].
The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1. [ The
Obama Deception Number 1 on U.S. Google Trends ]
‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
For
the Same Reason I’ve Included Here a Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
WASHPOST TAKES ON THE SPOOKS:
Hidden world, growing beyond control...
854,000 people have top-secret
security clearance...
You really have to laud The Washington Post for this investigative brilliance
which whether people appreciate it or not, requires great corporate and
personal courage; even more so inasmuch as this is their backyard, so to speak.
Clearly, this illuminates the boondoggles which amazingly are coming at a time
when america will not be able to handle ‘bare necessities’ much less the
self-perpetuating, need-creating, bureaucracies which I’ve previously likened
to a perverse version of ‘Field of Dreams’ where if you will commit taxpayer
dollars, they’ll find / create a war, conflict, new war, etc., to spend it
on. NSA
Has Gotten So Big, Area Around It Has 112 Acres Of Parking Spaces In yet another terrifying expose, The
Washington Post continues to lift the veil on just how massive the US
government’s spying operation has become.
DIGEST: Consumer confidence down; home
prices up (from and at low levels which Shiller’s concedes are for
the moment stabilized but unsustainable) (Washington Post) The positive here is that at least the
consumers / populace have finally got something right.
Consumer
confidence dims (Reuters)
Job worries drove July U.S. consumer confidence to its lowest since
February, with one in six people expecting lower income in the next six months,
underscoring the precarious state of econo...
Moody's:
Regional banks on review for downgrade (AP)
Global
steelmakers paint gloomy picture (Reuters)
Chiefs' compensation (Washington
Post) The foregoing list, though only oil, reveals an
inherent american inclination toward thievery which also explains the wall
street debacle. Only the exceptionally few well-managed american companies have
ceo’s deserving of exceptional pay packages / compensation and I think you’ll
find in said companies compensation commensurate with results. american ceo’s
generally, and global results (and comparisons) bear this out, are overpaid.
Oracle
CEO tops list of highest paid execs with $1.8 billion (Washington Post)
Don’t just focus on him; american ceo’s generally, and global results (and
comparisons) bear this out, are overpaid.
D.C.
area housing market a bright spot (Washington Post) Clearly a contrarian
indicator which means more in Washington doing nation’s business; clearly a bad
thing (more doing less, creating more problems than solving, costing more for
less, etc.).
Why
Bernanke isn't advocating fiscal stimulus (Washington Post) I would be
inclined to say the obvious; that you can’t spend what you don’t have; but, we
all know that’s not true. Indeed, that’s become a significant part of the
problem and america’s defacto bankrupt status a testament to that reality. Then
there’s the over-printing of an ever more worthless fiat currency which
continues as ‘we speak’; and, there are limits to that too as the dire results
of same ultimately begin to unfold.
Cities,
counties could slash 500,000 more jobs (Washington Post) Could? I’d say
must. Particularly when you factor in that this election ‘spurt’ leaving the
nation even more bankrupt is illusory. I had occasion some time ago in speaking
with a long-time California resident (instructor at the college gym where I
worked out) to express my surprise at the bloated (municipal, state)
high-priced bureaucracy which of course is not productive except as to higher
taxes and which is at the forefront in the city of Bell where the city manager
was paid nearly 900,000 annually, and
specifically mentioned the part-time typical compensation of $100,000 and
contracts to interested, even familial, parties. Of course, no one has done
this better than feinstein, albeit on a more federal level and China contracts
through her husband’s companies, as previousl set forth on this website.
US
bank failures in 2010 surpass 100
WASHINGTON (AP) -- U.S. bank failures this year have surpassed a bleak
milestone of 100 as regulators shut down banks in Georgia, Florida, South
Carolina, Kansas, Nevada and Minnesota. The six bank seizures announced Friday
bring to 102 the failures so far in 2010. The pace of bank closures this year
is well ahead of that of last year, which saw a total 140 bank shuttered amid
the recession and mounting loan defaults …
'Systemic
risk' and preventing the next bubble (Washington Post) Come on! We’re in
the next bubble; or, should I say in the same bubble inasmuch as the so-called
‘last bubble’ never totally deflated owing to overactive Weimar dollar (now
european) printing presses, fraudulent mark to anything accounting among other
manipulations, etc.; and a less elastic (ready to burst) one at that.
This is quite incredible. The wobama market … based on b*** s***
alone. Yes, there’s a waning full moon. Yes, this is an election year and we’ve
seen frothing, false data / reports before. But come on! This is downright
ridiculous. I had occasion to hear from a so-called money manager on what used
to be a balanced business / finance radio program (I seldom listen to said
program anymore, truth be told, but owing to a scheduling quirk caught same
this day) say that all the economic / business news last week was good. In
point of fact, the actual news was all bad (except for some sporadic earnings
reports that were discounted many months ago). What parallel universe are these
foisty feisty frauds living in? Again, waning full moon Then the infamous
federal but not really federal, express in only a month (with blazing full
moon) changed downward guidance to upward guidance and based on b*** s***, and
voila … another full moon rally (oh yeah, the percentage up from low level
housing still low). Are the 30 day lunar cycles at work or just election year
frothing? Preposterous. Fundamentals have not changed. Structural problems to
the economy and insurmountable debt remain and will worsen. All their computer
programmed trading tricks with eye towards so-called technical support,
resistance, etc., levels will suck some suckers in as always, they’ll still get
their commissions on the way down, and we’ll see the bubble deflate again.
This is an especially great opportunity to sell and take whatever
profits / gains because there is truly much worse to come and the nation’s
defacto bankrupt in every way.
This Week in the Markets -
Suttmeier ‘ …Bank Failure Friday – The
FDIC closed seven banks last Friday bringing the total for the month of July to
17 and 103 for the year. Month to date bank failures have drained the FDIC
Deposit Insurance fund by $925.7 million brining the year to date today to
$18.5 billion well above the $15.33 billion prepaid assessments for all of
2010. I estimate that the DIF is now in arrears by $32.7 billion.
- Only 25 banks failed in 2008, as the FDIC was
slow closing community and regional banks.
- There were 140 bank failures in 2009 with a peak
of 50 in the third quarter.
- In the first quarter of 2010 there were 41
failures, in the second quarter there were 45 failures, and so far 17 for
the third quarter for a year to date total of 103.
- At this
pace bank closures in 2010 will be within my 150 to 200 estimate range for
2010.
- Since the
end of 2007, the FDIC has closed 267 banks on the way to my predicted 500
to 800 by the end of 2012 into 2013 …’
103
U.S. Banks Have Collapsed So Far In 2010 – Do You Know If Your Bank Will Survive?
Have you ever noticed how almost all U.S. bank closings are now announced
over the weekend? It is almost as if someone wants to keep the increasing
number of bank closures out of the news cycle as much as possible.
Jim Rogers:
Stress Test Is a PR Exercise The stress test in which only seven of 91
European Union banks failed is just a public relations exercise and wasn’t
tough enough, famous investor Jim Rogers told CNBC.com Monday.
ETF Investing: S&P 500 ETF
sending bearish signal …After hitting its 2010 peak in April, the $70 billion SPDR
S&P 500 ETF(SPY 110.41, +0.95, +0.87%) has been in a downtrend punctuated by fizzled low-volume
rallies and lower highs.
China
Calls Our Bluff: “The US is Insolvent and Faces Bankruptcy as a Pure Debtor
Nation but [U.S.] Rating Agencies Still Give it High Rankings” America’s biggest creditor – China – has
called our bluff.
Global
bank rules deal struck (Washington Post) No action. Delay. Obfuscate and
‘fraudulate’. Riiiiight! Sounds like a plan! Things are going so fraudulently
swimmingly with the many trillions of bad paper / worthless assets still out
there and in defacto bankrupt american fashion now marked to anything. Don’t
want to upset that applecart; or rather, ‘something’ cart – apples are just to
expensive for street vending!
Financial
Crisis Commission Threatens To Audit Goldman Sachs The Financial Crisis
Inquiry Commission headed up by Phil Angelides has threatened to audit Goldman
Sachs, as it looks for more data on its dealing in derivatives. (They should!
Forget the threats … Just do it and prosecute!)
Goldman
reveals where bailout cash went Des Moines Register | Goldman Sachs sent $4.3 billion in federal tax money to 32
entities, including many overseas banks, hedge funds and pensions.
The Death of Paper Money Ambrose
Evans-Pritchard | As they
prepare for holiday reading in Tuscany, City bankers are buying up rare copies
of an obscure book on the mechanics of Weimar inflation published in 1974.
Yes! I just (7-24-10) looked up and a
quandary no longer as I saw the reason for the market action to the upside the
last few sessions. A blazing full moon! Lest there be any doubt, truly a
testament to the reality of lunacy and the lunar links thereto are the lunatic
fraudulent rallies on fraudulent wall street; criminally insane by any
standard.
This
is a global depression. This is a secular bear market in a global depression.
The past up move was a manipulated bull (s***) cycle in a secular bear market.
This has been a typically manipulated bubble as has preceded the prior crashes
with great regularity that the wall street frauds and insiders commission and
sell into. This is a typical wall street churn and earn pass the hot potato
scam / fraud as in prior crashes’. This national
decline, economic and otherwise, will not end until justice is served and the wall street frauds et als are criminally prosecuted,
jailed, fined, and disgorgement imposed.
China
Calls Our Bluff: “The US is Insolvent and Faces Bankruptcy as a Pure Debtor
Nation but [U.S.] Rating Agencies Still Give it High Rankings” America’s biggest creditor – China – has called
our bluff.
Study:
Journalists Starting To Accept The Fact That Their Print Publications Will
Eventually Fold Half of journalists think the print publications (or
TV/radio stations) they work for will eventually fold.
US
bank failures in 2010 surpass 100
WASHINGTON (AP)
Seven
banks fail Europe stress test (Reuters)
Chinese
Central Bank Outlines Plan To Ditch The Dollar As The Yuan’s Peg Hu
Xiaolian, deputy governor at the Chinese central bank, has released a paper
which suggests it’s soon time for China to peg the yuan to a basket of foreign
currencies, rather than the U.S. dollar alone.
The
SEC Launches Investigation Into The Suspicious Timing Of SEC VS Goldman Case Wall
Streeters who have wondered about the suspicious timing of the SEC’s case
against Goldman ever since it was announced within moments of Obama’s big Fin
Reg push will soon have an answer.
Goldman
Sachs Said to Give AIG-Hedging List to Investigators Goldman Sachs Group
Inc. told U.S. investigators which counterparties it used to hedge the risk
that American International Group Inc. would fail, according to three people
with knowledge of the matter.
2011: The Year Of
The Tax Increase Unless the U.S. Congress acts, there is going to be a
massive wave of tax increases in 2011. In fact, some are already calling 2011
the year of the tax increase.
Sen. John
Kerry Skips Town on Sails Tax Boston
Herald | Sen. John Kerry, who has repeatedly voted to raise taxes
while in Congress, dodged a whopping six-figure state tax bill on his new
multimillion-dollar yacht by mooring her in Newport, R.I.
INSIDER TRANSACTIONS (Washington
Post) Sell / Take profits / gains. That’s what insiders do in
contra-indicated stock bubbles as this (and don’t forget, options must be
executed and shares bought before they’re sold).
Financial
News: What's coming this week (Washington Post) What does it matter? False
data, manipulated data, spun data, even blatantly bad data as in the past week.
More important are the lunar cycles:
China
builds influence via cash (Washington Post) Well, cash is something that
accumulates when you don’t spend same on illegal wars (as is so of defacto
bankrupt america, ie., Iraq, Afghanistan, etc.); note Germany, Japan, etc..
Then there’s the ‘hate’ factor attendant to the ‘killing machine strategy’
which contrary to their folly / imagination, does not win hearts and minds.
Then there’s the fraudulent paper push which militates against real, net
economic gains.
Finally,
there’s the american ‘crazy train’ factor which has become ever more globally
recognized.
'Tony
Hayward is about to get his life back' (Washington Post) In Siberia … Yes,
tiny tony of little people fame sent into exile in Siberia as one might expect
from the New Soviet Socialist European Union. Note Russia’s Putin has jumped
onto that crazy train and to curry favor therein has ‘thrown Iran under the
bus’, so to speak. But, then again, what can you expect from a former KGB
indoctrinated communist, although america’s now mutated form of capitalism /
free enterprise (really not either) might yet resurrect the likes of marx,
lenin, trotsky, etc.. I’m somewhat embarrassed to have even considered going to
Europe (specifically Switzerland / Geneva) and though language the impediment
(I’m hard-wired for english and even with a prior background in French, ie.,
junior high, high school, recent course-work in French here in Cal did not come
easily at all; although, computerization / algorithms in English from inception
did, which I believe explains Japan’s difficulty with computers, ie., Sony
vaio, Toyota car computerized systems, etc.). Even meaningfully lawless
america’s better than Europe (a very low standard / threshold at that), for all
the reasons that gave rise to america, plus new reasons which will prove
insurmountable having become the ‘lapdog’ joke of the ages as like lemmings
they followed fraudulent wall street’s, america’s lead blindly into the abyss.
Who’s Barry Soetoro, wobama?POLLS: NEW LOWS FOR O.../The
Crucifixion of Stone/Gibson
Who’s Barry Soetoro, wobama? Get your very own BARRY
SOETORO T-Shirt and ask the question, "Where is the Birth
Certificate?". The REAL name of President Barack Obama is BARRY SOETORO so get a t-shirt with a
picture of him on the front and the question, "Where is the Birth
Certificate?". http://infowars-shop.stores.yahoo.net/basot.html Obama’s
Comeback Strategy: Appearing On “The View” [More b*** s***!].
Drudgereport: GOLDMAN
reveals where bailout cash went -- overseas banks!
POLLS: NEW LOWS FOR O...
Gibbs Misleads Public on
Obama's Broken Tax Pledge...
The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1. [ The
Obama Deception Number 1 on U.S. Google Trends ]
‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of this
development, I provide an archived site version which appears to be complete
(but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
For
the Same Reason I’ve Included Here a Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
Top
U.S. officer warns Afghan war will get worse
Oliver
Stone has apologized for his anti-Semitic rant, but is the damage already done.
What damage? To perceived reality as opposed to reality? When you look at
america’s pro-israel, self-destructive, contra-indicated policies, including
the hands off policy vis-à-vis fraudulent wall street, you see the truth to
what he says which is what so many astute individuals are already thinking /
realizing. How can people continue to ignore the truth, to their own detriment
Think about it. Do you really think he would risk the typical onslaught if the
same weren’t true? ‘Director Oliver
Stone has been forced to make a grovelling apology over an anti-Semitic
outburst. The double Academy Award winner claimed that the Russians suffered more
during the Second World War and that there was a Jewish 'domination of the
media'. Stone also said that Jews had '****ed up' U.S. foreign policy for years
and suggested the British supported Hitler ...’ The relentless attacks on Mel
Gibson are of the same caliber and purpose; suppression of truth!
In
1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of
a Jewish state in Palestine, warned that, even though failure to go along with
the Zionists might cost President Truman the states of New York, Pennsylvania,
and California, it was about time that somebody should pay some consideration
to whether we might not lose the United States. Mr. Forrestal was absolutely correct!
Isn’t that exactly what’s happened to defacto bankrupt america in intractable
decline.
TIME TO REVOKE AND NULLIFY THE BALFOUR
DECLARATION AND ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE
INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS
WORLD!
Go to following pages for
above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You
may post a comment on my blog on any topic: http://alpeiablog.blogspot.com
BP's Hayward sent to Siberia;
to leave as CEO; Russia job in works (AP)
Wikileaks’
War Logs Highlight Global Intelligence Facade Of ‘War On Terror’
Wikileaks
founder Julian Assange: more revelations to come
Law
chief to probe KGB agent’s claim that David Kelly was ‘exterminated’
Top
U.S. officer warns Afghan war will get worse NATO troops will die in Afghanistan as violence mounts. Sounds
like a plan!
Wikileaks’
War Logs Highlight Global Intelligence Facade Of ‘War On Terror’ The
Wikileaks Afghanistan War Logs, publicly released today, highlight and corroborate
what we already know about the “war on terror” – it is a vast and
decompartmentalised intelligence operation.
Wikileaks
founder Julian Assange: more revelations to come The Wikileaks founder,
Julian Assange, said today that the organisation is working through a “backlog”
of further secret material and was expecting a “substantial increase in
submissions” from whistleblowers after one of the biggest leaks inUS military
history.
Law
chief to probe KGB agent’s claim that David Kelly was ‘exterminated’ A
former Russian spy’s dossier which suggests that Government scientist David
Kelly was ‘ exterminated’ in a planned assassination is being studied by the
Attorney General.
Top
U.S. officer warns Afghan war will get worse More NATO troops will die in Afghanistan as violence mounts over
the summer, but Washington’s goal of turning the tide against the insurgency by
year’s end is within reach, the top U.S. military officer said on Sunday.
[Sounds like a plan!].
Wikileaks Docs Target
Pakistan Kurt
Nimmo | Pakistan is the new frontier of the
Forever War on Manufactured Terror.
Wikileaks’
War Logs Highlight Global Intelligence Facade Of ‘War On Terror’ Steve Watson | The Wikileaks Afghanistan War
Logs corroborate what we already know about the vast intelligence operation
known as the “war on terror.”
H.R. 5741 Slave
bill now in Committee Rob Dew | Slavery has
a new name: “Mandatory Service.”
Oath Breakers
and the Age of Treason The
Excavator | America was covertly overthrown by a tight-knit group of
criminal insiders.
Iran’s
military leaders try to raise their nation’s confidence in the face a possible
attack Andrew
Steele | Iran’s military leaders are trying to
reassure their people that the nation would stand strong against a possible
u.s. or israeli attack.
Goldman
Sachs Names European Banks It Paid Amid AIG’s U.S.-Funded Bailout Goldman
Sachs Group Inc. said it made payments to banks including Germany’s DZ Bank AG
and Banco Santander SA of Spain for mortgage-related losses as it received U.S.
taxpayer funds through theAmerican International Group Inc. bailout in 2008.
Kucinich,
Ron Paul: Get US troops out of Pakistan Two US lawmakers — a Republican and
a Democrat — proposed a bill this week demanding the withdrawal of all US
troops in Pakistan, where they are conducting covert operations against
militants.
CNN
Anchors Desperately Call For Crackdown on Bloggers Which They Collectively View
as a Threat to Their Information Blockade Anchors Kyra Phillips and John
Roberts discussed the “mixed blessing of the internet,” and agreed that there
should be a crackdown on anonymous bloggers who disparage others on the
internet, most of whom deserve it.
Pentagon workers tied
to child porn Federal investigators have identified several dozen Pentagon
officials and contractors with high-level security clearances who allegedly
purchased and downloaded child pornography, including an undisclosed number who
used their government computers to obtain the illegal material, according to
investigative reports.
Infowars.com Censored
in Greece An Infowars.com reader sent an email today informing us that our
website is no longer available in Greek public libraries. Sarkozy
Accused of Working for Israeli Intelligence Gamal Nkrumah | A
letter dispatched to French police officials late last winter revealed that
Sarkozy was recruited as an Israeli spy.
israeli
official offers warnings (Washington Post) What about israel’s
illegal nukes, israeli/american war crimes, etc.. Next stop on the
israeli/american crazy train: Iran.
Ex-CIA
chief: Strike on Iran seems more likely now (AP) House OK’s
possible Israeli raid on Iran Republicans in the US House of
Representatives have introduced a measure that would green-light a possible
Israeli bombing campaign against Iran.
House OK’s
possible Israeli raid on Iran Republicans in the US House of Representatives have introduced a
measure that would green-light a possible Israeli bombing campaign against
Iran. Former CIA
Boss: Iran Attack “Inexorable” Kurt Nimmo | According to
Michael Hayden, a CIA boss under George W. Bush, Iran’s not having a nuke is
just as dangerous as it having one.
White House decries WikiLeaks' release of
Afghan war documents Los
Angeles Times - National Security Advisor James Jones says the
disclosure could endanger lives and US security. The NY Times, which received
early access, says the documents point to Pakistan-Taliban collusion. Wikileaks releases 92000 hidden Afghan war docs Sydney Morning Herald Leaked Documents Shed Light on Afghan War Wall Street Journal
[How about the reality that the release of war criminal american mad
dogs on the rest of the world endangers lives as well as world and u.s.
security].
Afghan
spending faces scrutiny (Washington Post) Wow! Talk about a
little bit late for that. Congress
extends war funding for Afghanistan Disappearing
Act: $8.7 Billion of Iraq Development Money Missing
July
becomes deadliest month for U.S. troops (Washington Post)
Sounds like plan! You know, the fraudulent wall street glass half full kind of
thing … lowering of costs of prospective medical, benefits, pension … well, in
truth, I’m not sayin’ that they said that, but you’re dreamin’ if you don’t
think they think like that. You know, the new ‘attention to deficits disorder’
in light of the nation’s defacto bankruptcy. What a total waste in every
respect!
Comment on: Mideast
Digest at 8/4/2010 5:44 AM EDT
Mideast Digest
(Washington Post, August 4, 2010) Blowback’s a reality. One that only fools
would ignore, defacto bankrupt america. Time to throw hated war criminal nation
israel under the bus. Why should america sacrifice itself for the war mongering
israelis. They’d NEVER do that for america. I’ve even heard analysts with
regional expertise say that the nation was better off under sadam.
ISRAEL NOW IN FAVOR OF NUKES IN THE MIDDLE EAST
IN SUDDEN SHIFT IN POLICY TO FAVOR IRAN IN A VERY BIG WAY! ISRAEL SEES THE
LIGHT AND SIDES WITH IRAN ON NUCLEAR ISSUE; ESSENTIALLY SAYS TO THE WORLD AND
IRAN ‘TO PRESS ON WITH NUCLEAR AMBITIONS’.
Obama reminds veterans he's beginning war's end (Washington Post) Sounds like a plan! I mean,
after all you must have a beginning before you have an end. Yeah, there’s a
certain ineluctable logic to that; a certain ‘ring’ to it! Like full circuit
‘b*** s***!
U.S. looks to replicate Iraq
strategy, tactics (Washington Post ) [Oh right! Stick with that winning plan that worked so swimmingly (as
in drowning, in ie., debt, death, regional if not wordly anti-american
sentiment, etc.)]. In Kandahar, U.S. military
officials hope that a secure green zone, similar to the area in Baghdad, will
make it more difficult for Taliban insurgents to mount attacks to key buildings
in the Afghan city.
Afghans march in Kabul to denounce NATO
strikes that killed civilians: Demonstrators shout anti-American slogans,
denounce NATO strikes (Washington Post ) Sounds
like a plan! Almost surreal was the appearance of gates on failed network
‘news’ show to shill the non-strategy of draw down (of troops) linked to
success. What success? Just being there and every day they’re there is unequivocally
abject failure. Celebritology Weekend: Angelina Jolie biography arrives(Washington
Post ) I usually don’t weigh in on entertainment news, but this
headline concerning what appears to be a disparaging, and quite selectively so,
purported biography of Angelina Jolie is very disheartening when you consider
the numerous instances of failed leadership at nearly all very high levels of
government having so detrimental an impact on the world, that morton deems his
time appropriate to an actress who has actually tried to do good things (U.N.,
etc.) without having to. Indeed, even her latest film ‘Salt’ (spectacular by
any standard as is her performance – there are at least 2 winning sequels there
with 4 the max and stretching it owing to age – she puts all, and I mean all
the ‘Bonds’ to shame) had an important message in terms of the damage to this
nation by a seemingly endless, nation-bankrupting, anti-american (war criminal
israelis already, and quite correctly, globally hated) sentiment producing war
strategy that is neither strategy nor reasonably consistent with any positive
american goal / objective; but rather is
such a debacle and folly that the same could very well be one that only
an enemy of defacto bankrupt america could hatch and for the reasoning set
forth in the well-written / directed film. She astutely observed and talked
about the synchronicity of the film as juxtaposed to recent events revealing
that she is wiser than most in
Washington.
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
Karzai's
bid to control inquiries worries U.S. (Washington Post) [My Lord! You just can’t
make this stuff up! The americanization of Afghanistan … hopelessly corrupt …
but american ‘liberators’ want their cut from the now hopelessly corrupt
liberated nation, in america’s own image, of the heroin trade they’ve worked so
hard to restore.] There is
growing concern that U.S. support for the war will diminish further if voters
continue to see the Afghan government as hopelessly corrupt.
Afghan
spending faces scrutiny (Washington Post) Wow! Talk about a
little bit late for that. Oh, right … they were busy spending money the nation
doesn’t have on other things. Congress
extends war funding for Afghanistan Baltimore
Co. Independent Examiner | Congress
voted to extend funding for the war in Afghanistan by an additional $59 billion
late on Tuesday. Disappearing
Act: $8.7 Billion of Iraq Development Money Missing Kurt Nimmo | Government says it is all the
fault of shoddy accounting practices.
3
U.S. troops die in Afghan war's deadliest month (Washington
Post 7-30-10) World News Digest: a Worth it?
4 U.S. troops die in bomb blast in south
Afghanistan (AP, July 24, 2010) ‘There will be
blood’ … whoops, that’s oil, wrong movie theme. This one’s about heroin
trade. 2 More Americans killed in copter crash in
Afghanistan (AP) Not so much, unless they rename Tony Montana, To
Mon el Swahili and recut ‘Scarface’ to reflect an Aghanistan Heroin connection,
or similarly change ‘Hurt Locker’. It’s a good thing for the military that IQ
tests aren’t required. Three
U.S. Embassy guards killed in rocket attack in Baghdad's Green Zone
(Washington Post) Big yes there since ‘The Green Zone’ got Hollywood movie
status. Bomb
near Iraq mosque kills 15; U.S. soldier dies in road blast
(Washington Post, July 22, 2010) But guess what … none of that’s worth it; even
for volunteer soldiers whose suicide rate is unprecedented owing to this
pointless, meaningless conflagration for the sake of the military industrial
complex and the enrichment of the few; and, to which Pat Tillman was to attest
which got him fragged.
Middle
East Digest (Washington Post) Witnesses report Israeli airstrikes in Gaza
Previous-Mideast
Digest Israeli shelling kills 2 wounds 6 Gaza civilians: (Washington Post)
[War criminal israelis justified their attack saying when the 10 year
old girl grew up to be a woman she’d be prepared to fire rockets at them …
press on says fellow war criminal defacto bankrupt nation america] israeli shellfire killed two Palestinian freedom
fighters and wounded six people, including a 10-year-old girl, in the Gaza
Strip, Palestinian medical workers and an official with a militant group said.
An israeli military spokeswoman said soldiers opened fire on militants suspected
of preparing to fire a rocket at them.
Top Secret America: How
the DOD does it (Washington Post) Does what? Come On! You can’t take this
guy seriously. First, he’s military; what do you expect him to say. Second, he
talks of wars as if they always have to have one or be searching for one and we
all know they “find” them. Finally, he all but ignores what the underrated President
General Eisenhower warned of in the form of the unscrupulous, insatiably greedy
military/industrial complex which as colonel he but a very small cog in who
goes along to get along. The fact is also that they can’t be managed and also
that they don’t even try!
Afghanistan war deaths (Washington
Post) What a colossal waste; the u.s. might even spin this to a growth
scenario, albeit in deaths. For General Petraeus, battling corruption in
Afghanistan is a priority (Washington Post) If Betraeus is
serious, he better look closer to home / u.s.!
NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA)
Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and corrupt
costly bureaucracies.
WikiLeaks documents cause little concern over
public perception of war: WikiLeaks documents cause little concern over
public perception of war (Washington Post) Of course not! That’s what defacto
coup d’etat is all about (even beyond their propaganda). The public,
overwhelming against these nation-bankrupting illegal wars (america is defacto
bankrupt) which fact propelled spineless incompetent vegetable wobama to the
whitehouse, has become irrelevant in their view,; but, not so fast as mass
unrest is afoot.
Ron
Paul: After ‘CIA coup,’ agency ‘runs military’ US House Rep. Ron Paul
says the CIA has has in effect carried out a “coup” against the US government,
and the intelligence agency needs to be “taken out.” I also personally
believe there has been a defacto coup d’etat which has manifested in
various substantial, blatant, brazened frauds, ie., wall street, missing 360
tons of $100 bills in Iraq, war profiteering, etc., without any fear of
prosecution, and of course concomitant decline for u.s. as the treasury is
looted. But I also believe its scope is beyond just the CIA with many complicit
within the corrupted 3 branches of u.s. government (fed judges, us attorneys,
illegal system, etc.) plus the military and private big money, ie., Goldman
Sachs / wall street men, etc., among other organized crime. america is defacto
bankrupt in every way!
In
Iraq, $2.6B unaccounted for (Washington Post) [Daaah! Fog of war frauds among others; the nation’s
treasury pillaged and plundered; I’ve previously commented here and included on
my website http://albertpeia.com , see infra] Pentagon can't account for how it spent $2.6 billion of Iraqi oil
proceeds, an IG report says.
Articles on Catherine Austin Fitts' Blog: http://solari.com
Billions
over Baghdadby
Donald L. Barlett and James B. Steele - Vanity FairSeptember 2007
Those Who Blow Whistle on
Contractor Fraud in Iraq Face PenaltiesDeborah Hastings -
APAugust 2007
Auditor Quits with NASA
Finances in ChaosBy
Arindam Nag and Deborah ZabarenkoMay 15, 2004
The War on WasteCBS NewsCiting "cooked books" at DoD,
Rumsfeld on the missing $2.3 trillion, ... January 29, 2002
Military Stashes Covert
Millions St.
Petersburg TimesSeptember 28, 2003
Key
Documents
U.S.
Department of Defense Web Site "The technology revolution has transformed
organizations across the private sector, but not ours, not fully, not yet. We
are, as they say, tangled in our anchor chain. Our financial systems are decades
old. According to some estimates, we cannot track $2.3 trillion in
transactions. We cannot share information from floor to floor in this building
because it's stored on dozens of technological systems that are inaccessible or
incompatible."- Remarks as Delivered by Secretary of Defense Donald H.
Rumsfeld, The Pentagon, Monday, September 10, 2001 Independent Audit Report - Department of DefenseRe: $1.1 Trillion Missing from DODFebruary 26, 2002
Testimony of the Inspector General - Department of Housing
& Urban DevelopmentRe: $59 Billion Missing from HUD March 22, 2000 Discrepancies in America's
Accounts Hide a Black Hole By Daniel Gros, Financial Times June 15, 2006
Road to Ruin by Eric Sprott, Sprott Asset Management Regarding
the $11 Trillion Deficit in the US Government in FY 2004January 2005
U.S.' Missing $Trillions Make
Mainstream At LastScoop
Media's version of the Chronicle Story with more links addedMay 26, 2003
Dillon,
Read & Co. Inc. and the Aristocracy of Stock Profits by Catherine
Austin Fitts A case study of two teams
each with competing visions for America.April 2006
Estimate $3.3 Trillion Missing From U.S. Treasuryby Buddy Grizzard An excellent overview integrating
coverage by key investigative journalists August 2002
Where is the Collateral? and So, Where is the Collateral?A two-part series by Chris Sanders of Sanders
Research Associates in London
These articles connect the dots between the missing money, the Where is the
Money? litigation,
questionable HUD deals, and the impact on the investment communityOctober 2003
and July 2004
U.S. "Could Be Going
Bankrupt"by
Edmund Conway, Economics EditorUK TelegraphJuly 2006
whereisthemoney.org Web site documenting the missing money -- includes
petition, FAQs, Who's Who ... also available in Spanish
Top Secret America: How
the DOD does it (Washington Post) Does what? Come On! You can’t take this
guy seriously. First, he’s military; what do you expect him to say. Second, he
talks of wars as if they always have to have one or be searching for one and we
all know they “find” them. Finally, he all but ignores what the underrated
President General Eisenhower warned of in the form of the unscrupulous,
insatiably greedy military/industrial complex which as colonel he but a very
small cog in who goes along to get along. The fact is also that they can’t be
managed and also that they don’t even try!
Drudgereport: WASHPOST TAKES ON THE SPOOKS:
Hidden world, growing beyond control...
854,000 people have
top-secret security clearance...
You really have to laud The Washington Post for this investigative brilliance
which whether people appreciate it or not, requires great corporate and personal
courage; even more so inasmuch as this is their backyard, so to speak. Clearly,
this illuminates the boondoggles which amazingly are coming at a time when
america will not be able to handle ‘bare necessities’ much less the
self-perpetuating, need-creating, bureaucracies which I’ve previously likened
to a perverse version of ‘Field of Dreams’ where if you will commit taxpayer
dollars, they’ll find / create a war, conflict, new war, etc., to spend it on.
The following youtube video is well worth the look and
explains how and why the frauds on wall street have gotten away with their
devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. (Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1. [ The
Obama Deception Number 1 on U.S. Google Trends ]
‘The Obama Deception’
Censored ‘In light of this
development, I provide an archived site version which appears to be
complete http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
FBI
could get easier access to Internet data (Washington Post) I hope so; at
least as to my data; then there will be no excuse for lack of resolution in
accordance will meaningful law. The fact is, they already have the relevant
data under penalty of perjury on disk. Moreover, it’s been assigned out here
and I’ve once again offered to take a polygraph on any and all matters.
There is really no way to
rationalize or attempt to justify what america is / has become since they have
with open eyes chosen this contra-indicated course of ineluctable decline, from
illegal wars, to war crimes, to backing war criminal nations as israel, to huge
frauds, to war profiteering, to illicit drug trafficking and money laundering,
and this list goes on and on …:
(Previously) I’d say this
alito vs. wobama is a tempest in a teapot inasmuch as alito is more than just a
lightweight, hack, liar, fraud etc., as set forth in the comments. alito is a
criminal who should have served / should be serving time in prison for
obstruction of justice, bribery, among other RICO violations. To alito, drug
money is as green as corporate money and worth his vote as well. In addition to
being an inept [I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO and
the court (I had known / previously met outside of court the judge Ackerman
through a client) was absolute bedlam and a total joke since incompetent
corrupt alito brought in all 20 mob defendants (rather than prosecute one or a
few to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches)] and
corrupt (see below and particularly the summary provided to the FBI under
penalty of perjury [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] ) u.s. attorney.
You’re naïve to think
that the so-called supreme court is any different from the rest of the
meaningfully lawless and pervasively corrupt american ‘system’. I knew well an
accomplished trial lawyer, fellow american college of trial lawyers / and a bar
examiner, who pondered from time to time becoming a judge “so he’d never have
to work again” – his words.
Some comments on
alito…all appropriate:
Probably the worst appointment in one
hundred years.
Posted by: mnjam
-----------------------
Really? That's a pretty sweeping
statement to make about someone who's only been on the court a short few years.
And I thought that liberals were in
universal agreement that Clarence Thomas was the worst appointment in all of
history?
Posted by: blert | January 28, 2010 2:11
AM | Report abuse
----------------------------
Yes. Really. Alito is a total lightweight and hack. He makes Thomas look like
John Marshall or Oliver Wendell Holmes. I KNOW ALITO.
Posted by: mnjam | January 28, 2010 2:24 AM |
the loser here is alito.lost his composure not good for a judge especially
afederal or supreme justice .loser big time this will live with guy for a very
time.roberts and the other justices will have a talk with him that is a
given.this relly larger than o one day news cycle.
Posted by: donaldtucker | January 28, 2010 1:12 AM |
Should Alito resign or be impeached?
Posted by: jdmca | January 28, 2010 1:05 AM |
Manchurian
Candidates: Supreme Court allows China and others unlimited spending in US
elections Greg Palast | Our future elections may
come down to a three-way battle between China, Saudi Arabia and Goldman
Sachs. Call
For Immediate Arrest of 5 Supreme Court Justices for Treason Gordon
Duff | The bloated corpse we are creating in Washington is emitting a
stench we can no longer abide. The aforesaid would be
shocking to anyone without a modicum of knowledge of the reality of pervasive
corruption within the u.s. courts themselves and america generally, including
all three branches of the u.s. government.
Rendition:
Where the War on Terror Meets the War on Drugs Henningsen | It’s time to ditch the
policies we have come to tolerate for decades before they consume what is left
of our moral core. I’ve experienced the corrupt inter-relationship of the
government (all 3 corrupt branches) and the illegal drug trade / obstruction of
justice / bribery first hand, particularly the courts / u.s. attorneys offices
(ie., alito – now u.s. supreme court justice – quid pro quo for his complicity
/ cover-up), feds; see immediately after article excerpt for links / summary.
…“Evidence points to aircraft – familiarly
known as “torture taxis” – used by the CIA to move captives seized in its
kidnapping or “extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in the Western
hemisphere. A Gulfstream II jet aircraft N9875A identified by the British
Government and the European Parliament as being involved in this traffic
crashed in Mexico…” In 2004, another torture taxi crashed in a field in
Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags
containing 3.3 metric tons of cocaine. The origination of the Gulfstream’s
flight is unknown but it was destined for Cancun when it crash landed. Again,
here is the important point: that same Gulf Stream II was one of the very same
planes chartered to the CIA for the rendition of suspected terrorists
prisoners. Gulf Stream II crashed in Mexico with 3 tons of
cocaine on board ..it should not be surprising that this illegal practice of rendition
has in some part, been used as a well-run smokescreen for another
borderless illegal operation- an extremely lucrative international transfer and
delivery of cash and narcotics.,,These
flights are not subject to regular customs checks, inspections or normal
regulations as they move seamlessly between destinations in the US, Britain,
Europe, Middle East, Central Asia, Cuba and possibly through US bases in
Turkey, Greece and Morocco…
Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
].
NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA)
Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and
corrupt costly bureaucracies.
There must be such things
as parallel universes (I don’t really believe that, because there isn’t) or how
else do you explain the disconnect between reality, current and prospective,
and the wet dreams posited to keep the war funding / corporate welfare programs
alive in collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much higher. Even
israel apologist Cohen of The Washington Post alludes to the Vietnam analogy.
However, even if there were real goals beyond the poppy / heroin trade which
the Taliban had all but eradicated (there isn’t); even if america wasn’t
defacto bankrupt (america is); even if america wasn’t killing innocent
civilians in large numbers (war criminal nation america is); even if america’s
allies haven’t similarly helped to bankrupt themselves by way of this war (they
have); even if I hadn’t told you so (I did) ….. this war still was, is, and remains
a very bad idea!
Afghan
war overtakes Vietnam to become the longest conflict in U.S. history Mail
Online | The war entered its 104th month yesterday, with 30,000
American troops being deployed in the first half of this year alone.
How
does anyone take the u.s. seriously in light of their credibility problems, war
crimes, etc.? What nuke technology israel didn’t steal from the u.s., the u.s.
gave them along with missile, armaments, etc.. and paid for with taxpayer money
that u.s. taxpayers and the defacto bankrupt nation don’t have.
It's time to expel
israel from the UN Without doubt, the israeli attack on the Gaza-bound
"Freedom Flotilla" in the dawn of Monday, May 31, 2010 is one of the
most savage crimes in recent history. It seems the ruling power in Tel Aviv has
been afflicted with a variant of mad cow disease; otherwise, how could it be so
cruel to unleash such a beastly raid on the "Mavi Marmara," the
Turkish flagship of a flotilla carrying medical and humanitarian supplies to
the hapless people of Gaza Strip?
The
israeli Spin-Machine in Overdrive: dershowitz to the Rescue? Armed
Israeli commandos, the elite of the elites, rappelled to the deck of a Turkish
ship carrying humanitarian relief supplies to the 1.5 million prisoners in the
Gaza concentration camp.
You
think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland, Director of
the Center on Peace and Liberty at the Independent Institute in Washington DC,
gives his opinion on new sanctions imposed on Iran.
I
include the first two comments to the foregoing headline:
Billo Says:
June 11th, 2010 at 6:15
am
Lunacy? Keep in mind
that this country is run and controlled by lunatics. Our press government and
military seem to take their orders from Israel. Isarel wants to be known as a
pack of “mad dogs. Do we want “mad dogs” controlling us?
Here we see a bunch of phony accusations against Iran just
like we did in the run up to the bogus wars in Iraq, Afghanistan and now
Pakistan. The boy has cried wold ten thousand times. It’s time to identify the
“lunatics” and kindly take away the car keys. If you won’t let your friends
drive drunk, why do we let a bunch of “lunatic” enemies run this place.
Glen Reply:
June 11th, 2010 at 6:47
am
Lunacy it would be.
But it is also to their
great credit that the Iranians have not made their own threats.
Everyone knows there are
3 WMD threats, Nuclear Biological and chemical. The scariest of which is
Biological.
Any attack done under
the threat of immediate biological retaliation would deter only the insane.
Watch out america home
of the insane, home of the leaders who want an 80% population reduction.
General
McChrystal’s Burning Contempt for the Puppet Obama The farce that is the
war in Afghanistan is coming apart at the seams. General Stanley McChrystal’s
sharp comments about Obama, Biden, and the administration published by Rolling
Stone are not so much about disrespect, as the script-reading corporate media
talking heads would have it, but rather about a policy in disarray in
Afghanistan.
Gaza blockade illegal,
must be lifted — UN rights official Israeli blockade of Gaza
unsustainable: White House US Jewish opinion
and the ‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued that US
foreign policy has been hijacked by organized Zionism went strangely unnoticed
by the leading journal of American intellectual opinion, the New York Review of
Books. Doubts Grow Over Israel’s Value as U.S. Ally Jim
Lobe | The notion is that Israel and its actions have since the Cold
War increasingly become a “strategic liability” to U.S. interests in the
region.
Mideast
Digest Israeli shelling kills 2 wounds 6 Gaza civilians: (Washington Post) [War criminal israelis justified their attack saying when the 10
year old girl grew up to be a woman she’d be prepared to fire rockets at them …
press on says fellow war criminal defacto bankrupt nation america] israeli shellfire killed two Palestinian freedom
fighters and wounded six people, including a 10-year-old girl, in the Gaza
Strip, Palestinian medical workers and an official with a militant group said.
An israeli military spokeswoman said soldiers opened fire on militants
suspected of preparing to fire a rocket at them.
A
Plague Upon The World: The USA is a “Failed State” Dr. Paul
Craig Roberts | The American people are lost in la-la land. They have
no idea that their civil liberties have been forfeited. US
citizen killed on flotilla reportedly shot four times in head Raw
Story | A forensic report said Furkan Dogan was shot at close range,
with four bullets in his head and one in his chest, according to the Anatolian
news agency. The explanation foisted off on the americans by war criminal
israelis is probably something on the order of ‘they just wanted to make sure
they missed him’. Roberts:
‘AIPAC purchases US elections’ Russia Today | Paul
Craig Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US
funding terrorist group against Iran’ Press TV | A
member of a terrorist organization operating in Iran says that a US State
department radio station originally put him in touch with the group.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-à-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed, prosecuted,
and/or ruined; and, hasn't anyone asked how "wall street" has been
"spared the spotlight" (and even was accorded protective legislation
from their criminal culpability) and focus of inquiry, attention, and
prosecution despite being the primary beneficiaries financial and otherwise of
these scams (you know the wall street motto, "churn and earn"; huge
conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear weapons
as the international community meets at the United Nations in New York this
week to consider banning such arsenals from the Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.”
buzz
aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he
already has the footage in the can since you won’t be able to use the moon footage for the new boondoggle video
...
OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com - - CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld
New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece
of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have
already done this so it’s not as if they’re starting from ‘ground zero’, so to
speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware
say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might
want to mate with astronaut Paddy Ross who has returned from Mars as a space
alien host body.
First fake moonwalker blasts Obama's space plan msnbc.com - -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a piece of petrified wood ... Another piece of evidence
that shows again that apollo program is indeed a fake and a typical american
fraud!
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.
War
in Afghanistan and Iraq costs America $1trillion From the Old
| On May 30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and Iraq.
Sinking
of the Cheonan: A Classic False Flag Operation Russia Today
| Sinking of the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from the dire
economic situation at home.
. Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international media, is
attempting to spin today’s deadly IDF assault on a humanitarian aid ship
carrying supplies to Gaza as the fault of the murdered activists on board the
vessel, ludicrously characterizing machine-gun carrying Israeli troops who
killed over a dozen innocent people as the victims of the incident.
Murder on the high seas
JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at
least 10 rights activists were killed, triggering a diplomatic crisis and an
emergency session of the UN Security Council. European nations, as well as the
United Nations and Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza Strip
Israeli
American Microbiologist Linked to Deadly Fungus Kurt Nimmo
| A report links labs in the United States and Israel to the Cryptococcus gatti
fungus that has killed several people in the United States.
Iraqi
doctors demand cancer probe Al Jazeera | Iraqi
doctors believe depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too true and
real; and I’m surprised this hasn’t gotten more attention, coverage … well,
maybe not that surprised ].
"What
this means is that Neanderthals are not totally extinct. In some of us, they
live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the distinction,
without a difference). Actually, prior to studying the compelling subject
of Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks
on the subject.
Neanderthals, Humans Interbred, DNA Proves
Signs of Neanderthals Mating With Humans -
Neanderthals mated with some modern humans
after all and left their imprint in the human genome. Genome
hints humans, Neanderthals rolled in prehistoric hay
You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals
and people interbred, fossil analysis finds For more info on man’s
humble beginnings, see
here
http://www.albertpeia.com/anthroindex1.htm
Previously
I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN....
These stories, and the many like it, are old news and I subscribe to the more
studied view that there is no “missing link” per se and in my view they are
distinctions without significant differences. I previously wrote:
To
Learn More About From Whence Man Came, This Link's For You
[To the
Professor at the beginning of the course]
10-5-09
Postscript: Professor *****,
I felt compelled to thank you again for the add; not to curry your favor but
indeed to express profound thanks inasmuch as this is probably the last formal
course at a formal educational institution I'll ever take; and among the most
important. While I had bought at discount a library-discarded 1993 Anthropology
by Embers text, though meaning to read same never quite got to it. I am
astounded by the substantial amount of time involved in the evolutionary
process, not that I ever stopped to think about it, and one must come away with
the sense of 'and all that...for this?'. This course should be required
curriculum along with psychology, sociology, etc., but probably won't be owing
to what is, as it should be, a very humbling educational experience for any
member of the human race.
Regards,
Al Peia
[Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological Anthropology remain
what I believe to be the correct scenario. Specifically, very simply stated,
for the most part, the more “enlightened” (but not by much; by mutation,
accident, luck, intervention, etc.) left the unvarying confines of their
Sub-Saharan origins, experienced diverse new environs, challenges, etc., experienced
what has been described (by neuroscientists, psychologists, etc.) as
neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.]
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Don’t
Tread On Me: A Refresher Course on the Constitution
Sen. Levin urges State Department to put
Afghan Taliban on list of terror groups (Washington
Post) Oooooh! … Sounds like a plan … and emanating from washington (and a
thriving Michigan jew no less) … who says they don’t do anything? … And,
consistent with that apocalyptic vision set forth in the Bible [albeit a book
of truth from a very limited perspective (for which literal interpretations are
misleading); after all, the Wise Men thought it was a movable star that was
guiding them and shone the bright ‘spotlight’ upon the manger with the Christ];
the jews and some other entity against the rest of the world for that final
Armageddon … oh, they’ll make that happen … it gets them through their day with
every step closer to apocalypse but not to the place called heaven will they
go. The end of this world? You might say america / israel / and theirs are
feverishly working on just that, one way or another!
Roman Polanski freed after Swiss reject U.S.
extradition request (Washington Post, July 13, 2010) Without diminishing in any way the seriousness of the crime, this
result is the direct consequence of the growing global recognition of the
pervasiveness of corruption in american courts, state and federal, and america
generally; so much so, that said corrupt american courts cannot be relied on
anywhere, anytime. Indeed, my own sampling, though hardly random to be candid,
is 5 for 5 (new jersey, new york, connecticut, virginia, california)
pervasively and egregiously corrupt to the point where these costly, corrupt
bureaucracies should be abolished and supplanted with alternatives as I’ve
previously set forth in these comments.
BUDGET
CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... [Judge sends Lohan to jail for probation violation (AP) – They
got her! That globe-trotting danger / threat to society, the infamous public
enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe.
How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer,
armed robber, etc., she would have had the pre-paid connections to avoid this
preposterous (known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing to budgetary
considerations. ]
ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND
EXPERIENCE . (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST
"CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:
·
Response
to App. Div. OSC
·
STATE
OF CALIFORNIA ethics complaint
·
Response to Sup.Ct. OSC
·
designation of record on
appeal
·
The so-called
"order" appealed from.
How embarrassing for the superior court of the state of california!
·
Typical
corrupt banana republic america/california court
Dirty
money digitally laundered … a wall street, atlantic city, and american story …
a very bad one and [also see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Fraud:
It’s Much Bigger Than Goldman Sachs Regulatory
reform debate obscures key fact: Everybody’s getting money bribes from Wall
Street
Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare
moment for one to say that a sleazy hypocrite like blago, who is on corrupt
federale-connected mobster trump’s celebrity apprentice, happens to be correct
based upon facts / reality and my own direct observation and experience and the
law – Don’t forget to include corrupt federal judges as maryanne trump barry,
sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt
america’s so-called system is pervasively corrupt and broken] (AP)
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Go to following
pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You may post a comment on my blog on any topic: http://alpeiablog.blogspot.com
No
shame, just blame (Washington Post) Come on! This is america today. Look at
wobama … lied his way in and no shame … typical … criticism just like water off
a duck’s back. I think he’s content to be a failed president just so he can do
as he does best on the speaking tours as a retiree from the office … b*** s***!
They’re all the same. Legislated raises for themselves in congress as the
nation was bleeding jobs, legislated NAFTA and gave huge wall street frauds
money and still no pros, but that’s where the campaign funds are. No guts!
Pervasively corrupt and meaningfully lawless, america’s done! And america’s
defacto bankrupt in every way.
Executive
compensation 'ill-advised,' pay czar says (Washington Post) But, as with
prosecutions thus far, does nothing. The american companies have failed, but
their compensation check writing has
not.
The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1. [ The
Obama Deception Number 1 on U.S. Google Trends ]
‘The Obama Deception’
Censored ‘The Obama Deception’ has
been censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
For
the Same Reason I’ve Included Here a Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
How
much is $1.4 trillion? | Doing
the math (Washington Post) Math?
How plebian a task on capital hill. I think the lack thereof is as much a lack
of aptitude / intelligence as it is a lack of will. And, this is a bi-partisan
foible. According to the Debt Clock (approx. two months ago):
• Total national debt: $13 trillion (near 13.3 now)
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211
Click here to see the Debt Clock, which is updated every
second.
• Total personal debt: $16.5 trillion
• Total mortgage debt: $14.1 trillion
• Total consumer debt: $2.45 trillion
• Personal debt per citizen: $53,483
• Debt held by foreign countries: $4.07
trillion
http://www.usdebtclock.org
Get Real Time U.S. Debt Data
Big
banks pass stress tests (Washington Post) They’ve swallowed the american
paradigm of fraud and b*** s***, hook, line, and sinker and sink they will as
yet another reason is manifest in the ‘death of the west’ (as coined by
Buchanan), displaced by emerging economies, asia, most notably China, etc.,
where they tend not to lie to either themselves or others. No wonder the failed
‘nation states of the west’ are joined at the hip in such ill-fated ventures as
illegal wars, past and present, among many other strategic blunders.
Deficit
to exceed $1.4 trillion in 2010 and 2011 (Washington Post) Sounds like a
plan! … However, unlike other american plans, this is one that they’re sure to
accomplish!
Go to following
pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You
may post a comment on my blog on any topic: http://alpeiablog.blogspot.com
Jobless
claims jump higher than expected (Washington Post) Sounds like a reason for a feel good rally on
fraudulent wall street, however ephemeral.
Harry Dent, Jr. Economy will be in a Depression
by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009 instead of
2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
They
ensured financial regulation overhaul (Washington Post) What
overhaul? New bureaucracy, more power to the fed and corrupt incompetents as
tiny tim geithner (that $4 trillion’s still missing from the ny fed), no
recession helicopter ben bernanke, perps scot free and keep their loot, etc..
Real reform requires that the wall
street frauds et als be criminally prosecuted, jailed, fined, and disgorgement
imposed.
Existing-home
sales drop for second month (Washington Post) Bad economic news … what
better reason for a typically fraudulent suckers’ bear market, short-covering
rally for the high-frequency computerized churn-and-earn wall street frauds to
commission and ultimately sell into.
Go to following pages for
above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You may post a comment on my blog on any
topic: http://alpeiablog.blogspot.com
Worth
it? Three
U.S. Embassy guards killed in rocket attack in Baghdad's Green Zone
(Washington Post) Big yes here since ‘The Green Zone’ got Hollywood movie
status. 2 More Americans killed in copter crash in
Afghanistan (AP) Not so much, unless they rename Tony Montana, To
Mon el Swahili and recut ‘Scarface’ to reflect an Aghanistan Heroin connection,
or similarly change ‘Hurt Locker’. It’s a good thing for the military that IQ
tests aren’t required.
netanayahu
admits on video he deceived US to destroy Oslo accord The contents of a
secretly recorded video threaten to gravely embarrass not only Benjamin
netanayahu, the Israeli prime minister but also the US administration of Barack
Obama.
Iran
accuses US and UK of supporting group behind mosque attacks Iran is vowing
to hunt down a Sunni separatist group which claimed responsibility for a double
suicide bombing that killed 28 people at a mosque in the south-eastern city of
Zahedan.
US, NATO
behind Iran bombings: MP An Iranian lawmaker slams the recent bombings in
the country’s southeast as a plot by Western military forces in the Middle East
to spread terror on Iran’s borders.
WASHPOST Ombudsman: Why
Silence on Black Panther Story? (Washington Post) ‘Thursday's Post reported about a growing
controversy over the Justice
Department's decision to scale down a voter-intimidation case against members
of the New Black Panther Party. The story succinctly summarized the issues
but left many readers with a question: What took you so long? For months,
readers have contacted the ombudsman wondering why The Post hasn't been
covering the case. The calls increased recently after competitors such as the
New York Times and the Associated Press wrote stories. Fox News and right-wing bloggers
have been pumping the story. Liberal bloggers have countered, accusing them of
trying to manufacture a scandal. But The Post has been virtually silent. The
story has its origins on Election Day in 2008, when two members of the New
Black Panther Party stood in front of a Philadelphia polling place. YouTube
video of the men, now viewed nearly 1.5 million times, shows both wearing
paramilitary clothing. One carried a nightstick…’
‘West,
israel linked to SE Iran blasts’ A
ranking official with the Islamic Revolution Guards Corps (IRGC) has implicated
“the us, israel and some european countries” in the deadly blasts in the
southeastern Iranian city of Zahedan.
De-classified
Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin Was A Staged False
Flag Event Over 1,100 pages of previously classified Vietnam-era
transcripts released this week by the Senate Foreign Relations Committee
highlight the fact that several Senators knew that the White House and the
Pentagon had deceived the American people over the 1964 Gulf of Tonkin
incident.
Wall
Street Is Laundering Drug Money And Getting Away With It Zach Carter | Wachovia was moving money
behind literally tons of cocaine from violent drug cartels. It wasn’t an
accident.
Vegetable
zionist Zelig joe lieberman’s Model For America: Purging The Internet of
Dissent When political Zelig joe lieberman attempted to justify draconian
legislation that would provide President Obama with a figurative kill switch to
shut down parts of the Internet, he cited the Chinese system of Internet
policing as model which america should move towards
The
U.S. Economy Is A Dead Horse And The American People Are Starting To Get Really
Angry And Frustrated The economic
frustration of the american people is reaching a fever pitch. Millions of
americans can’t seem to get a good job no matter what they do.
Three of every four oil and gas lobbyists worked for
federal government (Washington Post) This is an important article but in no way
should be limited to the oil and gas industries even if disproportionate to the
upside, even as wall street has actually begun occupying capital hill in a
manner of speaking. The revolving-door standards and the functions of
‘toll-bridge to taxpayer dollars’ must end. After all, you see, the nation is
defacto bankrupt! ‘Three out of every
four lobbyists
who represent oil and gas companies previously worked in the federal
government, a proportion that far exceeds the usual revolving-door standards on
Capitol Hill, a Washington Post analysis shows’
Good
credit isn't what it was (Washington Post) Gee! I thought this article was
about america, pre-defacto bankruptcy compared with now.
Leading
Chinese Economists Urge Government To Dump U.S. Treasuries, Buy Gold Prominent
economists in China are calling for their government to ditch vast holdings of
U.S. Treasuries in favour of tangible assets such as gold, a move that would
have a far reaching impact on the economy.
Bernanke:
Fed ready to step in if economy falters (Washington Post) Step in with
what? Another two step (backwards)? They’ve ‘shot their wad’. Moreover, they
can’t print the ever more worthless Weimar dollars any faster.
Stocks
drop as Bernanke warns of uncertain economy (AP) One of those daaah moments
courtesy of ‘no recession helicopter ben fed’!
On the positive side, however, at least a semblance of reality is extant
as opposed to stroking the frauds on
wall street to facilitate their churn-and-earn high frequency trade scams
(those lofty fraudulent peaks provide room to trade in and are great to sell
into). Bernanke 'uncertain' about economy's outlook The Federal Reserve chairman says the outlook for the
economy is “unusually uncertain” and that the central... Bernanke's
economy comment batters market (Reuters) - Reuters - Federal
Reserve Chairman Ben Bernanke's dour assessment of the U.S. recovery hit stocks
on Wednesday, as his comment that the economy faced "unusually
uncertain" prospects rattled investors.
U.S.
financial reform bill also targets 'conflict minerals' (Washington
Post) The bill doth try to do too much, methinks. After all, look at
Sub-Saharan Africa generally … ‘mission impossible’ … and, with huge crime
rates in the ‘ states, I’d say ‘look homeward, hell’s angels’. Then there’s the
law of parsimony sometimes referred to as ‘Ockham’s razor’ which as a logical
approach generally says ‘keep it simple’, only what’s necessary. Then, as well,
there’s the defacto bankruptcy thing for america which will preclude meeting
domestic promises, necessaries, and expectations. That’s reality along with the
fact that: ‘This is a global
depression. This is a secular bear market in a global depression. The past up
move was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn pass the hot potato scam /
fraud as in prior crashes.’ Being a ‘meat and
potatoes’ kind of guy, I also feel that all will be served if the frauds on wall street et als are criminally
prosecuted, jailed, fined, and disgorgement imposed.
Job
growth slows in Washington region (Washington Post) Wow! Sounds like
a plan … a great plan, even … so long as the slowing’s on capital hill / D.C. .
And, that’s if you believe their fake numbers. I’ don’t! Real Jobs, Fake Jobs In many ways, the unemployment numbers are
much worse than they appear. One factor has been the timing of the US census.
Home building down 5 percent in
June (Washington Post) Lunatic frauds on wall street say, ‘well,
it could have been a 20% decline and they’ll take it (not really)’
A
new front in racism battle (Washington Post) Truth be told, I’ve found that
all peoples are prejudiced / biased. Probably an adaptive evolutionary relic
that defies intellectual scrutiny, I’ve also found that those peoples who claim
to be victimized the most are themselves the worst offenders despite their flaming rhetoric (there are numerous
other and even better examples but the following are news current):
a) UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice
official quit over the handling of a voter intimidation case against the New
Black Panther Party accused his former employer of instructing attorneys in the
civil rights division to ignore cases that involve black defendants and white
victims
b) Latino
KKK: You are too white to be American! ALIPAC | Tan Klan woman can scream racist
comments because the Obama administration and most of the major news networks
in America have her back.
c)
DRUDGE: Arab guilty of rape after
consensual sex with Jew... ‘An Israeli
man of Arab origin has been convicted of rape after having
consensual sex with a woman who had believed him to be a fellow Jew.
DRUDGEREPORT: Arab guilty of rape after
consensual sex with Jew... ‘An Israeli man of Arab origin has been convicted of rape after having
consensual sex with a woman who had believed him to be a fellow Jew. Sabbar
Kashur, 30, was sentenced to 18 months in prison on Monday after the court
ruled that he was guilty of rape by deception. According to the complaint filed
by the woman with the Jerusalem district court, the two met in downtown Jerusalem
in September 2008 where Kashur, an Arab from East Jerusalem, introduced himself
as a Jewish bachelor seeking a serious relationship. The two then had
consensual sex in a nearby building before Kashur left. When she later found
out that he was not Jewish but an Arab, she filed a criminal complaint for rape
and indecent assault …’
Mideast
Digest Israeli shelling kills 2 wounds 6 Gaza civilians: (Washington Post)
[War criminal israelis justified their attack saying when the 10 year
old girl grew up to be a woman she’d be prepared to fire rockets at them …
press on says fellow war criminal defacto bankrupt nation america] israeli shellfire killed two Palestinian freedom
fighters and wounded six people, including a 10-year-old girl, in the Gaza
Strip, Palestinian medical workers and an official with a militant group said.
An israeli military spokeswoman said soldiers opened fire on militants
suspected of preparing to fire a rocket at them.
Russia
accuses U.S. of kidnapping pilot
(Washington Post) The lesson to be learned here is don’t mess with
american drug trade … they’ll **** you up! That’s their drug money he’s takin’…
riiiiight! … World
Digest: China Oil Spill; U.S. aid boat wants to sail to Gaza as 'The Audacity
of Hope' Rendition:
Where the War on Terror Meets the War on Drugs Henningsen | It’s time to ditch the
policies we have come to tolerate for decades before they consume what is left
of our moral core. I’ve experienced the corrupt inter-relationship of the
government (all 3 corrupt branches) and the illegal drug trade / obstruction of
justice / bribery first hand, particularly the courts / u.s. attorneys offices
(ie., alito – now u.s. supreme court justice – quid pro quo for his complicity
/ cover-up), feds; see immediately after article excerpt for links / summary.
…“Evidence points to aircraft – familiarly
known as “torture taxis” – used by the CIA to move captives seized in its
kidnapping or “extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in the
Western hemisphere. A Gulfstream II jet aircraft N9875A identified by the
British Government and the European Parliament as being involved in this
traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in
Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags
containing 3.3 metric tons of cocaine. The origination of the Gulfstream’s
flight is unknown but it was destined for Cancun when it crash landed. Again,
here is the important point: that same Gulf Stream II was one of the very same
planes chartered to the CIA for the rendition of suspected terrorists
prisoners. Gulf Stream II crashed in Mexico with 3 tons of
cocaine on board ..it should not be surprising that this illegal practice of rendition
has in some part, been used as a well-run smokescreen for another
borderless illegal operation- an extremely lucrative international transfer and
delivery of cash and narcotics.,,These
flights are not subject to regular customs checks, inspections or normal
regulations as they move seamlessly between destinations in the US, Britain,
Europe, Middle East, Central Asia, Cuba and possibly through US bases in
Turkey, Greece and Morocco…
Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
].
NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA)
Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and
corrupt costly bureaucracies.
Mideast
Digest Israeli shelling kills 2 wounds 6 Gaza civilians: (Washington Post)
[War criminal israelis justified their attack saying when the 10 year
old girl grew up to be a woman she’d be prepared to fire rockets at them …
press on says fellow war criminal defacto bankrupt nation america] israeli shellfire killed two Palestinian freedom
fighters and wounded six people, including a 10-year-old girl, in the Gaza
Strip, Palestinian medical workers and an official with a militant group said.
An israeli military spokeswoman said soldiers opened fire on militants
suspected of preparing to fire a rocket at them.
Top Secret America: How
the DOD does it (Washington Post) Does what? Come On! You can’t take this
guy seriously. First, he’s military; what do you expect him to say. Second, he
talks of wars as if they always have to have one or be searching for one and we
all know they “find” them. Finally, he all but ignores what the underrated
President General Eisenhower warned of in the form of the unscrupulous,
insatiably greedy military/industrial complex which as colonel he but a very
small cog in who goes along to get along. The fact is also that they can’t be
managed and also that they don’t even try!
Drudgereport: WASHPOST TAKES ON THE SPOOKS:
Hidden world, growing beyond control...
854,000 people have
top-secret security clearance...
You really have to laud The Washington Post for this investigative brilliance
which whether people appreciate it or not, requires great corporate and
personal courage; even more so inasmuch as this is their backyard, so to speak.
Clearly, this illuminates the boondoggles which amazingly are coming at a time
when america will not be able to handle ‘bare necessities’ much less the
self-perpetuating, need-creating, bureaucracies which I’ve previously likened
to a perverse version of ‘Field of Dreams’ where if you will commit taxpayer
dollars, they’ll find / create a war, conflict, new war, etc., to spend it on.
The following youtube video is well worth the look and
explains how and why the frauds on wall street have gotten away with their
devastating fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. (Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke promises ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1. [ The
Obama Deception Number 1 on U.S. Google Trends ]
‘The Obama Deception’
Censored ‘In light of this
development, I provide an archived site version which appears to be
complete http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
Web Site Archived FLV Version
of Esoteric Agenda http://albertpeia.com/esotericagenda.flv
There is really no way to
rationalize or attempt to justify what america is / has become since they have
with open eyes chosen this contra-indicated course of ineluctable decline, from
illegal wars, to war crimes, to backing war criminal nations as israel, to huge
frauds, to war profiteering, to illicit drug trafficking and money laundering,
and this list goes on and on …:
(Previously) I’d say this
alito vs. wobama is a tempest in a teapot inasmuch as alito is more than just a
lightweight, hack, liar, fraud etc., as set forth in the comments. alito is a
criminal who should have served / should be serving time in prison for
obstruction of justice, bribery, among other RICO violations. To alito, drug
money is as green as corporate money and worth his vote as well. In addition to
being an inept [I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO and
the court (I had known / previously met outside of court the judge Ackerman
through a client) was absolute bedlam and a total joke since incompetent
corrupt alito brought in all 20 mob defendants (rather than prosecute one or a
few to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches)] and
corrupt (see below and particularly the summary provided to the FBI under
penalty of perjury [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] ) u.s. attorney.
You’re naïve to think
that the so-called supreme court is any different from the rest of the
meaningfully lawless and pervasively corrupt american ‘system’. I knew well an
accomplished trial lawyer, fellow american college of trial lawyers / and a bar
examiner, who pondered from time to time becoming a judge “so he’d never have
to work again” – his words.
Some comments on
alito…all appropriate:
Probably the worst appointment in one
hundred years.
Posted by: mnjam
-----------------------
Really? That's a pretty sweeping
statement to make about someone who's only been on the court a short few years.
And I thought that liberals were in
universal agreement that Clarence Thomas was the worst appointment in all of
history?
Posted by: blert | January 28, 2010 2:11
AM | Report abuse
----------------------------
Yes. Really. Alito is a total lightweight and hack. He makes Thomas look like
John Marshall or Oliver Wendell Holmes. I KNOW ALITO.
Posted by: mnjam | January 28, 2010 2:24 AM |
the loser here is alito.lost his composure not good for a judge especially
afederal or supreme justice .loser big time this will live with guy for a very
time.roberts and the other justices will have a talk with him that is a
given.this relly larger than o one day news cycle.
Posted by: donaldtucker | January 28, 2010 1:12 AM |
Should Alito resign or be impeached?
Posted by: jdmca | January 28, 2010 1:05 AM |
Manchurian
Candidates: Supreme Court allows China and others unlimited spending in US
elections Greg Palast | Our future elections may
come down to a three-way battle between China, Saudi Arabia and Goldman
Sachs. Call
For Immediate Arrest of 5 Supreme Court Justices for Treason Gordon
Duff | The bloated corpse we are creating in Washington is emitting a
stench we can no longer abide. The aforesaid would be
shocking to anyone without a modicum of knowledge of the reality of pervasive corruption
within the u.s. courts themselves and america generally, including all three
branches of the u.s. government.
Ron
Paul: After ‘CIA coup,’ agency ‘runs military’ US House Rep. Ron Paul
says the CIA has has in effect carried out a “coup” against the US government,
and the intelligence agency needs to be “taken out.” I also personally
believe there has been a defacto coup d’etat which has manifested in
various substantial, blatant, brazened frauds, ie., wall street, missing 360
tons of $100 bills in Iraq, war profiteering, etc., without any fear of
prosecution, and of course concomitant decline for u.s. as the treasury is
looted. But I also believe its scope is beyond just the CIA with many complicit
within the corrupted 3 branches of u.s. government (fed judges, us attorneys,
illegal system, etc.) plus the military and private big money, ie., Goldman
Sachs / wall street men, etc., among other organized crime. america is defacto
bankrupt in every way!
There must be such things
as parallel universes (I don’t really believe that, because there isn’t) or how
else do you explain the disconnect between reality, current and prospective,
and the wet dreams posited to keep the war funding / corporate welfare programs
alive in collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much higher. Even
israel apologist Cohen of The Washington Post alludes to the Vietnam analogy.
However, even if there were real goals beyond the poppy / heroin trade which
the Taliban had all but eradicated (there isn’t); even if america wasn’t
defacto bankrupt (america is); even if america wasn’t killing innocent
civilians in large numbers (war criminal nation america is); even if america’s
allies haven’t similarly helped to bankrupt themselves by way of this war (they
have); even if I hadn’t told you so (I did) ….. this war still was, is, and
remains a very bad idea!
Afghan
war overtakes Vietnam to become the longest conflict in U.S. history Mail
Online | The war entered its 104th month yesterday, with 30,000
American troops being deployed in the first half of this year alone.
How
does anyone take the u.s. seriously in light of their credibility problems, war
crimes, etc.? What nuke technology israel didn’t steal from the u.s., the u.s.
gave them along with missile, armaments, etc.. and paid for with taxpayer money
that u.s. taxpayers and the defacto bankrupt nation don’t have.
It's time to expel
israel from the UN Without doubt, the israeli attack on the Gaza-bound
"Freedom Flotilla" in the dawn of Monday, May 31, 2010 is one of the
most savage crimes in recent history. It seems the ruling power in Tel Aviv has
been afflicted with a variant of mad cow disease; otherwise, how could it be so
cruel to unleash such a beastly raid on the "Mavi Marmara," the
Turkish flagship of a flotilla carrying medical and humanitarian supplies to
the hapless people of Gaza Strip?
The
israeli Spin-Machine in Overdrive: dershowitz to the Rescue? Armed
Israeli commandos, the elite of the elites, rappelled to the deck of a Turkish
ship carrying humanitarian relief supplies to the 1.5 million prisoners in the
Gaza concentration camp.
You
think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland, Director of
the Center on Peace and Liberty at the Independent Institute in Washington DC,
gives his opinion on new sanctions imposed on Iran.
I
include the first two comments to the foregoing headline:
Billo Says:
June 11th, 2010 at 6:15
am
Lunacy? Keep in mind
that this country is run and controlled by lunatics. Our press government and
military seem to take their orders from Israel. Isarel wants to be known as a
pack of “mad dogs. Do we want “mad dogs” controlling us?
Here we see a bunch of phony accusations against Iran just
like we did in the run up to the bogus wars in Iraq, Afghanistan and now
Pakistan. The boy has cried wold ten thousand times. It’s time to identify the
“lunatics” and kindly take away the car keys. If you won’t let your friends
drive drunk, why do we let a bunch of “lunatic” enemies run this place.
Glen Reply:
June 11th, 2010 at 6:47
am
Lunacy it would be.
But it is also to their
great credit that the Iranians have not made their own threats.
Everyone knows there are
3 WMD threats, Nuclear Biological and chemical. The scariest of which is
Biological.
Any attack done under
the threat of immediate biological retaliation would deter only the insane.
Watch out america home
of the insane, home of the leaders who want an 80% population reduction.
General
McChrystal’s Burning Contempt for the Puppet Obama The farce that is the
war in Afghanistan is coming apart at the seams. General Stanley McChrystal’s
sharp comments about Obama, Biden, and the administration published by Rolling
Stone are not so much about disrespect, as the script-reading corporate media
talking heads would have it, but rather about a policy in disarray in
Afghanistan.
Gaza blockade illegal,
must be lifted — UN rights official Israeli blockade of Gaza
unsustainable: White House US Jewish opinion
and the ‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued that US
foreign policy has been hijacked by organized Zionism went strangely unnoticed
by the leading journal of American intellectual opinion, the New York Review of
Books. Doubts Grow Over Israel’s Value as U.S. Ally Jim
Lobe | The notion is that Israel and its actions have since the Cold
War increasingly become a “strategic liability” to U.S. interests in the
region.
The yardarm is the
remedy Dozens of our friends and comrades, of wonderful compassionate
activists are dead and wounded in the pirate attack in the high seas on
humanitarian aid boats. This is a dreadful crime that will forever be
remembered and should be punished. The Israeli pirates attacked the
humanitarian aid Freedom Flotilla in the international waters over 150 km out
of their territorial waters. The boats carried no arms; the participants
strictly adhered to Ghandian mode by asking the Greek and Cyprus authorities to
search the boats to avoid later claims that they were armed.
A
Plague Upon The World: The USA is a “Failed State” Dr. Paul
Craig Roberts | The American people are lost in la-la land. They have
no idea that their civil liberties have been forfeited. US
citizen killed on flotilla reportedly shot four times in head Raw
Story | A forensic report said Furkan Dogan was shot at close range,
with four bullets in his head and one in his chest, according to the Anatolian
news agency. The explanation foisted off on the americans by war criminal
israelis is probably something on the order of ‘they just wanted to make sure
they missed him’. Roberts:
‘AIPAC purchases US elections’ Russia Today | Paul
Craig Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US
funding terrorist group against Iran’ Press TV | A
member of a terrorist organization operating in Iran says that a US State
department radio station originally put him in touch with the group.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-à-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade of
far less than a heroe, is exactly what a criminal (lie of a) nation as america
loves and encourages (get everyone's hands dirty so no-one dares to rectify
same, ie., bush, sr., clinton, bush, jr.). That is, "toe the (corrupt,
propagandized) line", become a criminal, or be exposed, prosecuted, and/or
ruined; and, hasn't anyone asked how "wall street" has been
"spared the spotlight" (and even was accorded protective legislation
from their criminal culpability) and focus of inquiry, attention, and prosecution
despite being the primary beneficiaries financial and otherwise of these scams
(you know the wall street motto, "churn and earn"; huge conflicts of
interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear weapons
as the international community meets at the United Nations in New York this
week to consider banning such arsenals from the Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.”
buzz
aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he
already has the footage in the can since you won’t be able to use the moon footage for the new boondoggle video
...
OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com - - CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld
New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece
of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have
already done this so it’s not as if they’re starting from ‘ground zero’, so to
speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware
say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might
want to mate with astronaut Paddy Ross who has returned from Mars as a space
alien host body.
First fake moonwalker blasts Obama's space plan msnbc.com - -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a piece of petrified wood ... Another piece of evidence
that shows again that apollo program is indeed a fake and a typical american
fraud!
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.
War
in Afghanistan and Iraq costs America $1trillion From the Old
| On May 30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and Iraq.
Sinking
of the Cheonan: A Classic False Flag Operation Russia Today
| Sinking of the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from the dire
economic situation at home.
. Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international media, is
attempting to spin today’s deadly IDF assault on a humanitarian aid ship
carrying supplies to Gaza as the fault of the murdered activists on board the
vessel, ludicrously characterizing machine-gun carrying Israeli troops who
killed over a dozen innocent people as the victims of the incident.
Murder on the high seas
JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at
least 10 rights activists were killed, triggering a diplomatic crisis and an
emergency session of the UN Security Council. European nations, as well as the
United Nations and Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza Strip
Israeli
American Microbiologist Linked to Deadly Fungus Kurt Nimmo
| A report links labs in the United States and Israel to the Cryptococcus gatti
fungus that has killed several people in the United States.
Iraqi
doctors demand cancer probe Al Jazeera | Iraqi
doctors believe depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too true and
real; and I’m surprised this hasn’t gotten more attention, coverage … well,
maybe not that surprised ].
"What
this means is that Neanderthals are not totally extinct. In some of us, they
live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the distinction,
without a difference). Actually, prior to studying the compelling subject
of Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks
on the subject.
Neanderthals, Humans Interbred, DNA Proves
Signs of Neanderthals Mating With Humans -
Neanderthals mated with some modern humans
after all and left their imprint in the human genome. Genome
hints humans, Neanderthals rolled in prehistoric hay
You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals
and people interbred, fossil analysis finds For more info on man’s
humble beginnings, see
here
http://www.albertpeia.com/anthroindex1.htm
Previously
I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN....
These stories, and the many like it, are old news and I subscribe to the more
studied view that there is no “missing link” per se and in my view they are
distinctions without significant differences. I previously wrote:
To
Learn More About From Whence Man Came, This Link's For You
[To the
Professor at the beginning of the course]
10-5-09
Postscript: Professor *****,
I felt compelled to thank you again for the add; not to curry your favor but
indeed to express profound thanks inasmuch as this is probably the last formal
course at a formal educational institution I'll ever take; and among the most
important. While I had bought at discount a library-discarded 1993 Anthropology
by Embers text, though meaning to read same never quite got to it. I am
astounded by the substantial amount of time involved in the evolutionary
process, not that I ever stopped to think about it, and one must come away with
the sense of 'and all that...for this?'. This course should be required
curriculum along with psychology, sociology, etc., but probably won't be owing
to what is, as it should be, a very humbling educational experience for any
member of the human race.
Regards,
Al Peia
[Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological Anthropology remain
what I believe to be the correct scenario. Specifically, very simply stated,
for the most part, the more “enlightened” (but not by much; by mutation,
accident, luck, intervention, etc.) left the unvarying confines of their
Sub-Saharan origins, experienced diverse new environs, challenges, etc., experienced
what has been described (by neuroscientists, psychologists, etc.) as
neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.]
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Don’t
Tread On Me: A Refresher Course on the Constitution
Sen. Levin urges State Department to put
Afghan Taliban on list of terror groups (Washington
Post) Oooooh! … Sounds like a plan … and emanating from washington (and a
thriving Michigan jew no less) … who says they don’t do anything? … And,
consistent with that apocalyptic vision set forth in the Bible [albeit a book
of truth from a very limited perspective (for which literal interpretations are
misleading); after all, the Wise Men thought it was a movable star that was
guiding them and shone the bright ‘spotlight’ upon the manger with the Christ];
the jews and some other entity against the rest of the world for that final
Armageddon … oh, they’ll make that happen … it gets them through their day with
every step closer to apocalypse but not to the place called heaven will they
go. The end of this world? You might say america / israel / and theirs are
feverishly working on just that, one way or another!
Roman Polanski freed after Swiss reject U.S.
extradition request (Washington Post, July 13, 2010) Without diminishing in any way the seriousness of the crime, this
result is the direct consequence of the growing global recognition of the
pervasiveness of corruption in american courts, state and federal, and america
generally; so much so, that said corrupt american courts cannot be relied on
anywhere, anytime. Indeed, my own sampling, though hardly random to be candid,
is 5 for 5 (new jersey, new york, connecticut, virginia, california)
pervasively and egregiously corrupt to the point where these costly, corrupt
bureaucracies should be abolished and supplanted with alternatives as I’ve
previously set forth in these comments.
BUDGET
CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... [Judge sends Lohan to jail for probation violation (AP) – They
got her! That globe-trotting danger / threat to society, the infamous public
enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe.
How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer,
armed robber, etc., she would have had the pre-paid connections to avoid this
preposterous (known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing to budgetary
considerations. ]
ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND
EXPERIENCE . (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST
"CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:
·
Response
to App. Div. OSC
·
STATE
OF CALIFORNIA ethics complaint
·
Response to Sup.Ct. OSC
·
designation of record on
appeal
·
The so-called
"order" appealed from.
How embarrassing for the superior court of the state of california!
·
Typical
corrupt banana republic america/california court
Dirty
money digitally laundered … a wall street, atlantic city, and american story …
a very bad one and [also see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Fraud:
It’s Much Bigger Than Goldman Sachs Regulatory
reform debate obscures key fact: Everybody’s getting money bribes from Wall
Street
Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare
moment for one to say that a sleazy hypocrite like blago, who is on corrupt
federale-connected mobster trump’s celebrity apprentice, happens to be correct
based upon facts / reality and my own direct observation and experience and the
law – Don’t forget to include corrupt federal judges as maryanne trump barry,
sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt
america’s so-called system is pervasively corrupt and broken] (AP)
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Go to following
pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You may post a comment on my blog on any topic: http://alpeiablog.blogspot.com
U.N. official calls
Ban's leadership 'deplorable' (Washington Post) As long as
she’s looking in the mirror as she speaks … we’ll buy it! After all, they’ve
all but ignored illegal israeli nukes, israeli violations of international law
/ u.n. resolutions, etc., even as they bully Iran. Collectively, the u.s. has
indeed become a joke.
Mideast DIGEST (Washington
Post, July 19, 2010) netanayahu
admits on video he deceived US to destroy Oslo accord The contents of a
secretly recorded video threaten to gravely embarrass not only Benjamin
netanayahu, the Israeli prime minister but also the US administration of Barack
Obama.
A
lost fight to keep selling Chryslers (Washington Post) I realize it’s easy to say after the fact,
with hindsight, that I was always at a loss to understand this very issue and
such lack of understanding of the dealer / manufacturer inter-relationships
left me speechless; however, the same always seemed counter-intuitive. Truth be
told, however, I ‘m a big fan of Cal Worthington here in California based
solely (and uniquely for me) on his television commercials in which the big
cats figure prominently in actual footage of him with them, along with him
riding bulls, killer whales, etc., and having very competitive advertised
prices (He’s primarily Ford but sells them all).
The week ahead in business
(Washington Post) Big week indeed for
‘no-recession-helicopter-ben’ bernanke, the captain of that unsinkable american
economic Titanic who like the senile incompetent predecessor alan green_spun
quite a few contra-indicated yarns himself!
Market
Going Down With the Ship? Montgomery: ‘This morning the Baltic Dry Index, a
measure of freight rates for international shipping, was at 1700. It hasn't
been at this level since April 2009, only four months after its Credit Crisis
low and only one month after the stock market was at its bottom. Bloomberg News
noted a week ago that the index had dropped continuously for the longest period
in nine years. Yes, the current drop in the preceding seven weeks (from a high
of 4209 in late May) has been bigger than anything seen during the Credit
Crisis. The last drop of this magnitude was in August 2001 in the middle of
that year's recession. Lack of shipping activity from China, the engine for
global economic activity, was cited as the main cause for the falling index.
Charter rates for all types of ships tracked in the index are falling. Prices
for dry bulk shipping, which doesn't include energy commodities, tend to be
very sensitive to economic activity. A sharp drop in rates indicates a
significant drop in global trade. Based on historical charts it looks like the
Baltic Index can lead, be coincident or lag movements in economic data and the
stock market. The index seems to be most closely correlated with prices of
industrial commodities and the industrial sector of the global economy. While
this is not the largest component of the U.S. economy (the service sector is
four times larger), it is the key sector in developing economies. It was
manufacturing though that had the biggest rebound in the U.S. since last year.
The service sector has remained lackluster. The stock market will likely be
following the Baltic Index down, although perhaps not with such a precipitous
decline. The Index has dropped almost 60% since late May. With the exception of
the small cap Russell 2000, none of the major stock indices have had even a 20%
drop - at least not yet. Disclosure: No positions.’
The
Obama Deception Number 1 on U.S. Google Trends
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines.
In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Censorship
Alert: Obama Deception Illegally Removed from You Tube
Drudgereport: IRELAND DOWNGRADED
Vegetable
zionist Zelig joe lieberman’s Model For America: Purging The Internet of
Dissent When political Zelig joe lieberman attempted to justify draconian
legislation that would provide President Obama with a figurative kill switch to
shut down parts of the Internet, he cited the Chinese system of Internet
policing as model which america should move towards
Road
Warrior-level collapse imminent: Alex Jones says we must take corrective action
now Move towards global currency as
U.S. loses status, faces depression and sees dangerous cuts to services as
economic instability sets in.
Week's
gains erased; stocks drop as pessimism grips investors (Washington Post) Reality, Really, Realistically does
bite!
‘This is a global depression. This is a secular bear
market in a global depression. The past up move was a manipulated bull (s***)
cycle in a secular bear market. This has been a typically manipulated bubble as
has preceded the prior crashes with great regularity that the wall street
frauds and insiders commission and sell into. This is a typical wall street
churn and earn pass the hot potato scam / fraud as in prior crashes.’
Regulators
shut banks in Fla,(3) Mich,(1) SC(1) Total 2010 (96) (AP) Financial stocks post worse loss since late May Equities Tumble, Pressured by Earnings, Consumer Sentiment Stock Indexes Slip Below Support Levels
Still great opportunity to sell / take profits since much worse,
also called reality beyond the b*** s***, to come.
Bank stress tests to shed light on Europe's
economic health: Process examines whether banks can take another punch to
gut (Washington Post) The ‘bad paper’ is still out there
in the many trillions and in criminally complicit fashion now marked to
anything; and, they got their share of the same and followed the American
paridigm concerning same, to their substantial detriment.
CNBC
Host Accuses Guest Of Just Trying To Scare The Crap Out Of Everyone CNBC’s
Simon Hobbs fought it out with Michael Pento today about the reality of the
current economic situation in the U.S.
Real Jobs, Fake Jobs In many ways, the unemployment numbers are
much worse than they appear. One factor has been the timing of the US census.
Charles
Nenner: “Long-Term Investors Should Wait Until Dow Hits 5,000″ Charles Nenner, who prior to founding the
Charles Nenner Research Institute served as a technical analyst for Goldman for
about 10 years, has been looking at charts and not seeing much to write home
about.
Martin
Feldstein: Bilderberg’s promoter of equity on adjustable-rate mortgages and the
Subprime Mortgage Crisis Make
it Eight, eh? | In late 2007, as the housing crisis was hitting a
peak, would Martin Feldstein be gearing up to suggest further reductions in
interest rates to promote consumption?
Fed sends the dollar
tumbling Ambrose
Evans-Pritchard | The Fed confessed that the US economy may not
recover for five or six years.
A
slap on the wrist for Goldman Sachs Aljazeera.net | The “great vampire squid wrapped
around the face of humanity” agreed to pay $550 million to settle fraud
charges.
22
Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of
Existence In America The 22
statistics that you are about to read prove beyond a shadow of a doubt that the
middle class is being systematically wiped out of existence in America.
Congress
Passes Bankster Consolidation Bill Kurt
Nimmo | Financial reform is a three-card Monte scam, a confidence
game, a sleight of hand.
After
Goldman, SEC eyes exotic financial products Video
(Washington Post) SEC’s Khuzami Says ‘Goldman’s Suit Should Send Message’: http://www.washingtonpost.com/wp-dyn/content/video/2010/07/16/VI2010071602828.html
I disagree! Indeed, there have been and are a plethora of laws
and ad hoc prosecutions; but, particularly for the ‘risk seeker’ criminally
insane mentality on wall street, the same is far from a deterrent as seen from
historical perspective / fact and might even perversely provide for them an
incentive. The amount is relatively meager, but so long as this settlement is
as supposedly indicated to former SEC head by Khuzami narrowly drawn and in no
ways protective of goldman with regard to the yet unresolved massive frauds in
the many trillions, the SEC should be given the benefit of the doubt. However,
‘turning its attention to exotic financial products that MIGHT be used to
harm investors’ is troubling to say the least. Might? Who are they kidding. The
‘bad paper’ is still out there in the many trillions and in criminally
complicit fashion now marked to anything. I further believe these products of
fraud and consequent damage are being surreptitiously being, with corrupt fed
help, supplanted with real, albeit fiat, currency ultimately to citizens /
taxpayers / nations detriment. As things currently stand, particularly from the
numbers, fraud by wall street does pay; and pays well! Khuzami,
a 29-year-old former employee in Goldman Sachs Group Inc.'s
business intelligence unit, had better produce or appropriately find himself
prosecuted for conflict, collusion, etc.. After all, he’s hardly one to be
considered unbiased. The frauds on wall street et
als must be criminally prosecuted, jailed, fined, and disgorgement imposed. I truly believe
that absent such prosecution, there will be revolution in this country. In
other words, their ‘jig is up’ and they must go down for what they did / do.
Obama-Dodd-Frank
FinReg Monstrosity Delays Derivatives Curbs until 2022!
Wall
Street Is Laundering Drug Money And Getting Away With It
They still know how to
count. When you defraud for many billions, paying $550 million is chump change.
Goldman
to pay $550M to settle civil fraud charges (AP) Late stock rally
ahead of Goldman settlement news And the beat goes on!
Goldman Sachs beats the SEC– ‘Can Goldman Sachs Group Inc. wheel and deal or
what? The bank and brokerage's settlement with the Securities and Exchange
Commission on Thursday over the ill-fated Abacus deal may be its best trade
ever. At $550 million, it's not
terribly expensive. (GS 152.19, +6.97, +4.80%) hasn't agreed to restrict its practices
in any meaningful way. And poof! The firm can go back to work with its biggest
liability paid. Investors are ecstatic, Goldman shares rocketed 5.5% in after-hours
trading. No wonder Goldman called it "the right outcome for our firm
shareholders and clients." See
full story on the SEC settlement. For the regulators, the settlement is
more than just anticlimactic. Having bet all of its chips on reversing
embarrassing episodes such as the Bernie Madoff fiasco in an aggressive case
against Wall Street, the SEC whiffed.
Sure, the settlement is the biggest in the agency's history. Yes, the
SEC was able to squeeze Goldman on the settlement language and admit it was a
"mistake" not to have disclosed Paulson & Co.'s role in picking
the ill-fated securities. But come on. Goldman's net income last year was $12.1
billion. It could be even higher this year, given the robust first quarter
Goldman already has had. The settlement amounts to less than 5% of profits.
Maybe Goldman Sachs will even be able to write it off …’
‘West,
israel linked to SE Iran blasts’ A
ranking official with the Islamic Revolution Guards Corps (IRGC) has implicated
“the us, israel and some european countries” in the deadly blasts in the
southeastern Iranian city of Zahedan.
Concern
over smashing into the 'wall of debt' (Washington Post) Oh, they’ve hit the
wall alright; and, it’s not just debt.
I believe the printing presses have been working
overtime to pump out ever more worthless fiat currency and with the many
trillions of worthless fraudulent paper still out there and marked to anything.
I further believe the same is being surreptitiously used to supplant the
fraudulent paper, the consequences of which will be devastating, of course, as
is invariably so in depressions in any event. This scenario would also mean huge
fraud accomplis. This market
is paper on paper moving around and generating commissions at lightning
computerized speed but adding no real value in real economic terms; again, the
analogy of termites eating away at the (nation’s) foundation is apposite. As
such, that money has to come from some real place and hence, the ever more
frequent and larger crashes we are seeing. Don’t forget that the worthless
paper from previous such fraudulent schemes now marked to anything is still out
there in a magnitude some have placed in the hundreds of trillions.
Biggest wall will be reality:
‘This is
a global depression. This is a secular bear market in a global depression. The
past up move was a manipulated bull (s***) cycle in a secular bear market. This
has been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into.’
Harry Dent, Jr. Economy will be in a
Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009 instead of
2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Economists
worry women, minority business owners' gains will be lost (Washington Post)
Little bit late for ‘economists worry’; talk about senile greenspan /
no-recession bernanke economics / prognosticating. Does anybody recall the
merciless drubbing (and pressure) that Ross Perot got for predicting the ill
effects of NAFTA and standing against the tide. In america today, the best men
never win; that’s reality, and also the sign of decline.
Exports
are up, but where are the jobs? (Washington Post) Gone with the wind?
Sorry, I must have been thinking of million dollar movies. Seriously though, I
dare say everyone knows they were gone with that ‘bi-partisan executive /
congressional, think-tank, cia / nsa ill wind’ that others might refer to as
flatulence / passing gas, also called NAFTA, and also proudly hailed by the
foregoing as ‘strategy’. They’re gone, and never to return. Moreover, the
flipside of the exports, viz., imports, doesn’t bode well despite the
fraudulent wall street b*** s*** and their chorus of cheerleaders in
washington. Some might say self-delusion but I would say fraud covers all.
Companies
pile up cash but still won't add jobs (Washington Post) Unlike the public sector (which now exceeds private
sector in job gains and average compensation), the private sector attempts to
mesh hiring with economic supply / demand factors to maximize (shareholder) profits / wealth. Whatever
faults american companies have, with relatively few exceptions, this still
remains a very basic fundamental and building surplus (generating profits) is a
necessary precept to ensure survival and the capacity to be a good ‘citizen’ so
to speak. Then there’s reality:
Retail
sales down for 2nd consecutive month (Washington Post) Another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected downward revision to previous market-frothing retail
sales report and poor retail sales and plunge in mortgage applications and then
there’s the fed minutes pointing to extended bad economy. See Dave Fry’s
(Daily) summary below referencing in euphemistic fashion, yet another ongoing
manipulation also known as fraud. (Absent prosecutions, they’ll continue to do
what comes natural to frauds on wall street). Great opportunity to sell / take
profits since much worse, also called reality beyond the b*** s***, to come.
Then there’s also the bad but typical news; viz., retail sales, mortgage apps, economic outlook down, and yesterday
deficits, trade and budget, up.
Mideast Digest: Wow! Belfast, Northern
Ireland; and in the Mideast Digest Section, of all places. It’s been a long
time. While I have had some difficulties with Irish mob in the context of
litigation but only tangential to my primary RICO action vis-à-vis the Italian
mob (and similarly tangentially the jewish mob and then primarily what I
learned to be ‘governmental mob’, federal, state, local, derivative thereby and
the sine quo non of corruption / bribery / synergy that spells decline for any
nation), it is difficult to not be empathetic to the plight of an otherwise
beautiful nation tainted only by the orange stain in that northern quarter.
After all, what hasn’t england not mucked up from balfour to the mideast to now
even their own nation having hitched a ride on the american / israeli crazy
train. As a matter of disclosure, I must admit to an affinity for the Irish and
somewhat fairly recently had been asked what I thought of Philadelphia to which
without hesitation I immediately replied that Grace Kelly (truly magnificent by
any standard) was born there. I could think of nothing else that could parallel
such a distinction.
NATION NEWS DIGEST: J.P. Morgan Chase
posts $4.8 billion profit (Washington Post) Yet another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected jump in continuing claims for unemployment, yesterday
the downward revision to previous market-frothing retail sales report and poor
retail sales and plunge in mortgage applications and then there’s the fed
minutes pointing to extended bad economy. Then there’s also now the ‘goldfinger
factor’ as in goldman’s middle finger. When you defraud for many billions, paying $550 million is
chump change. Goldman shares rocketed 5.5% in after-hours trading. No wonder
Goldman called it "the right outcome for our firm shareholders and
clients." (Absent
prosecutions, they’ll continue to do what comes natural to frauds on wall
street). Great opportunity to sell / take profits since much worse, also called
reality beyond the b*** s***, to come. Then there’s also the bad but typical
news; viz., previous retail sales, mortgage apps, economic outlook down, and
continuing claims for unemployment, deficits, trade / budget, up. (Just in:
7-16-10 Poll – only 43% of Americans approve of the Afganistan War, down from
52% in January, 2010)
Pearlstein: Can
regulation beget innovation? (Washington Post) I believe the more seminal question to be,
whether american companies, consistent with overall american decline and
corruption in so pervasive a fashion, are capable of or inclined toward real
innovation where enhancements to productivity, as well as greater profits, is
the consequence as desired. Certainly there has been ‘innovation’ by the wall
street frauds in the types of (ultimately worthless / fraudulent) paper and high
frequency trade programs enhancing their bottom-lines but little else; and,
those cutting edge ‘weapons of mass destruction’ produced or financed (israel)
by america are hardly productive in the economic sense but innovative and
profitable in the short run, and unwise and nation-bankrupting in the longer
run which we’re in right now!
Goldman
agrees to pay $550M (Washington Post) My own
skepticism based on the disparate numbers (the size of the frauds compared to
the relatively small fine) and as set forth in the initial reactions /
headlines that immediately follow has been allayed somewhat by an interview on
NBR with former SEC head Ruder who explained the very narrow scope of the
settlement which in no way shelters goldman from the huge frauds they have
perpetrated. So long as this is true in fact as well as law and in application,
the SEC deserves praise as has been so under the auspices of ‘Mother Mary’ who
appears to have the gonads lacking in prior SEC heads. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed.
Ex-Justice
official: CIA may have exceeded limits (Washington
Post) Wee doggies! This sounds like the
stuff that SNL Weekend Update ‘Really’ skits are made of; also fitting into
that list of queries as, ‘Is the Pope Catholic?’, ‘Do bears **** in the
woods?’, etc.. Come on! Wake up! This
is the kind of complicit cover-up / corruption found betwixt and between all
three branches of the u.s. government leading ineluctably to america’s current
decline and to which I’ve attested under penalty of perjury in the context of
the RICO litigation [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
].
Go to following pages for
above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You may post a comment on my
blog on any topic: http://alpeiablog.blogspot.com
For
now, spew of oil into Gulf of Mexico is halted (Washington Post) Well, thank God for small favors! I suggest they change that
name, ‘integrity test’; that’s doomed to end in failure. Yes, the brits are
back. They’ve clogged the well, with help from the ‘usual suspects’, the
americans. What precision! What
teamwork! Victory at last … riiiiight!
What
Does The Financial Reform Bill Do Other Than Being Completely And Utterly
Worthless? Is it possible to write a 2,300 page piece of legislation that
accomplishes next to nothing and is pretty much completely and utterly
worthless? The answer is yes.
U.S.
Regulatory Bill Nears Passage With Republican Support The U.S. Senate plans
to pass the financial-regulation bill on July 15 as Democrats secured the 60
votes needed to enact the biggest rewrite of Wall Street rules since the Great
Depression.
Bloomberg
Poll Finds Americans No Longer Drinking Kool Aid, 71% See Economy “Mired In
Recession”
Fed Sees Slower Growth Wall
Street Journal | Updated forecast to be released Wednesday afternoon
with the minutes of the Fed’s late-June policy meeting is likely to show that
officials have trimmed their second-half forecasts.
Chinese
rating agency strips Western nations of AAA status London Telegraph
UK
public sector debt ‘around £2 trillion’ London Telegraph | The UK’s public sector debt
could be £1.13 trillion higher than headline figures suggest, according to
research.
Moody’s
Cuts Portugal Rating by Two Notches
De-classified
Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin Was A Staged False
Flag Event Over 1,100 pages of previously classified Vietnam-era
transcripts released this week by the Senate Foreign Relations Committee
highlight the fact that several Senators knew that the White House and the
Pentagon had deceived the American people over the 1964 Gulf of Tonkin
incident.
24
multinationals move HQ to Shanghai CNTN | Vale, Walt
Disney and Kraft Foods have decided to move their regional headquarters to
Shanghai.
Wall
Street Is Laundering Drug Money And Getting Away With It Zach
Carter | Wachovia was moving money behind literally tons of cocaine
from violent drug cartels. It wasn’t an accident.
House
Democrats hit boiling point over perceived lack of White House support
Vegetable
zionist Zelig joe lieberman’s Model For America: Purging The Internet of
Dissent When political Zelig joe lieberman attempted to justify draconian
legislation that would provide President Obama with a figurative kill switch to
shut down parts of the Internet, he cited the Chinese system of Internet
policing as model which america should move towards
Public
confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and
hold lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to
typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie.,
Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’:
But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason:
The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating fraud
thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ‘In emotional
and personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1
– well worth a
look.
While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view.
Then there is the well researched,
produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to
this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
Pentagon
warns Congress: Accounts running dry...(Drudgereport) Isn’t this headline
eerily reminiscent of that seminal B film by Roger Corman for Jack Nicholson,
‘Little Shop of Horrors’ (and remake) wherein a murderous vegetable / plant
clamors incessantly and insatiably, ‘feed me’. Eight U.S. service members killed in series
of attacks in southern Afghanistan (Washington Post, July 15,
2010) . This ridiculous war apparently for the sake of the american sponsored
reinvigorated heroin trade was a bad idea ab initio even if america wasn’t
defacto bankrupt.
Concern
over smashing into the 'wall of debt' (Washington Post) Oh, they’ve hit the
wall alright; and, it’s not just debt.
I believe the printing presses have been working
overtime to pump out ever more worthless fiat currency and with the many
trillions of worthless fraudulent paper still out there and marked to anything.
I further believe the same is being surreptitiously used to supplant the
fraudulent paper, the consequences of which will be devastating, of course, as
is invariably so in depressions in any event. This scenario would also mean
huge fraud accomplis. This market
is paper on paper moving around and generating commissions at lightning
computerized speed but adding no real value in real economic terms; again, the
analogy of termites eating away at the (nation’s) foundation is apposite. As
such, that money has to come from some real place and hence, the ever more
frequent and larger crashes we are seeing. Don’t forget that the worthless
paper from previous such fraudulent schemes now marked to anything is still out
there in a magnitude some have placed in the hundreds of trillions.
Biggest wall will be reality:
‘This is
a global depression. This is a secular bear market in a global depression. The
past up move was a manipulated bull (s***) cycle in a secular bear market. This
has been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into.’
Harry Dent, Jr. Economy will be in a
Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009 instead of
2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Economists
worry women, minority business owners' gains will be lost (Washington Post)
Little bit late for ‘economists worry’; talk about senile greenspan /
no-recession bernanke economics / prognosticating. Does anybody recall the
merciless drubbing (and pressure) that Ross Perot got for predicting the ill
effects of NAFTA and standing against the tide. In america today, the best men
never win; that’s reality, and also the sign of decline.
Exports
are up, but where are the jobs? (Washington Post) Gone with the wind?
Sorry, I must have been thinking of million dollar movies. Seriously though, I
dare say everyone knows they were gone with that ‘bi-partisan executive /
congressional, think-tank, cia / nsa ill wind’ that others might refer to as
flatulence / passing gas, also called NAFTA, and also proudly hailed by the
foregoing as ‘strategy’. They’re gone, and never to return. Moreover, the
flipside of the exports, viz., imports, doesn’t bode well despite the
fraudulent wall street b*** s*** and their chorus of cheerleaders in
washington. Some might say self-delusion but I would say fraud covers all.
Companies
pile up cash but still won't add jobs (Washington Post) Unlike the public sector (which now exceeds private
sector in job gains and average compensation), the private sector attempts to
mesh hiring with economic supply / demand factors to maximize (shareholder) profits / wealth. Whatever
faults american companies have, with relatively few exceptions, this still
remains a very basic fundamental and building surplus (generating profits) is a
necessary precept to ensure survival and the capacity to be a good ‘citizen’ so
to speak. Then there’s reality:
Retail
sales down for 2nd consecutive month (Washington Post) Another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected downward revision to previous market-frothing retail
sales report and poor retail sales and plunge in mortgage applications and then
there’s the fed minutes pointing to extended bad economy. See Dave Fry’s
(Daily) summary below referencing in euphemistic fashion, yet another ongoing
manipulation also known as fraud. (Absent prosecutions, they’ll continue to do
what comes natural to frauds on wall street). Great opportunity to sell / take
profits since much worse, also called reality beyond the b*** s***, to come.
Then there’s also the bad but typical news; viz., retail sales, mortgage apps, economic outlook down, and yesterday
deficits, trade and budget, up.
Mideast Digest: Wow! Belfast, Northern
Ireland; and in the Mideast Digest Section, of all places. It’s been a long
time. While I have had some difficulties with Irish mob in the context of
litigation but only tangential to my primary RICO action vis-à-vis the Italian
mob (and similarly tangentially the jewish mob and then primarily what I
learned to be ‘governmental mob’, federal, state, local, derivative thereby and
the sine quo non of corruption / bribery / synergy that spells decline for any
nation), it is difficult to not be empathetic to the plight of an otherwise
beautiful nation tainted only by the orange stain in that northern quarter.
After all, what hasn’t england not mucked up from balfour to the mideast to now
even their own nation having hitched a ride on the american / israeli crazy
train. As a matter of disclosure, I must admit to an affinity for the Irish and
somewhat fairly recently had been asked what I thought of Philadelphia to which
without hesitation I immediately replied that Grace Kelly (truly magnificent by
any standard) was born there. I could think of nothing else that could parallel
such a distinction.
WHICH WAY IS THE MARKET GOING NEXT? Gomes: ‘Having been a technical analyst for the first 10 years of my
investing career and a fundamental analyst for the past 15 years, I'm a
believer that technical patterns form as fundamentals unfold. As such, if you
know something about both, you can confirm both against each other. At this
point in time, I see a market that is technically reaching up toward its 200
day moving average (2,250 for the NASDAQ). I also see a 50 day moving average
that is threatening to drop below that 200 day moving average. Technically,
that is usually a very bad sign for the market. The question is, "will the
50DMA drop below the 200DMA?" I think the answer is inevitably
"yes". The thing about the moving averages, is that you can see which
points of data are about to fall off. Meanwhile, you can make reasonable
assumptions regarding the points of data that will take their place. By doing
so, you can construct a range of probabilistic scenarios. In this case, some
high numbers are about to come out of the 50DMA, making it go lower. Meanwhile,
some low numbers are about to come out of the 200DMA, making it go higher.
Since both are VERY close to each other right now, it's safe to assume that the
50DMA will indeed fall below the 200DMA. So, that's probably bad news for the
market...technically. Fundamentally, it appears that Q2 turned out well for
most companies. However, most of the investing world knows this and stocks have
rallied about 8% on the news. Ever hear the saying "buy the rumor, sell
the news"? Well, the rumor has been bought and the news is just starting
to flow in. This means that we have to look at the NEXT bit of news to figure
out what rumor the market will be buying or selling. To me, it's clear that the
global economic environment will come back to the front burner as the #1 driver
of stock prices...and that's bad news for stocks. A good Q2 does not mean that
the future is bright. Rather, I believe that Q2 will represent the peak of
earnings health. Starting in Q3, good earnings will become a bit harder to come
by. Why?
1) Economic indicators are dropping fast. For all intents and purposes, the unemployment
rate has not budged. Meanwhile, store shelves are stocked again, PCs have been
upgraded, etc. In other words, the pent-up demand that drove the current
rebound has almost run its course. What little remains no longer has the power
to drive the economy as it has over the past 18-months.
2)
"Follow the money". This is one of the most powerfully simple rules
on Wall Street. When money is flowing into the economy (i.e. via lower interest
rates or stimulus $$$), it's usually good for stocks..and vice versa. At
present, interest rates can't go much lower and the numerous stimulus programs
are losing effectiveness. This means that the money is no longer flowing in.
Worse yet, the money that was spent is not generally viewed as having been
money well spent. This does not bode well for a new stimulus package to come
anytime soon. In other words, money is not flowing in AND doesn't appear poised
to flow in anytime soon. In fact, state and municipal budgets are being cut
(money flowing OUT), while they raise local sales and income taxes (more money
flowing out). if federal taxes go up in 2011, as planned, even more money will
be flowing out. If you follow that, you should be flowing out of the stock
market. In short, barring a new stimulus package of other major money-flowing
event, I believe the economy slips back toward recession. Whether or not we
double-dip, we will almost certainty slip in that direction.
3)
If you follow the money in Europe, you will run for the hills. Europe has
decided to spin 180-degrees and shift from stimulus to austerity (if you don't
know the definition, look it up -- you'll likely hear it again -- and not just
from me). Effectively the opposite of stimulus, austerity will pull money away
from the European economies...which tells us to pull money away from stocks.
Worse yet, the effect of the EU/IMF bailout is already wearing off. Greek
yields are rising again and Portuguese credit ratings have been reduced.
4)
Global bubbles are bursting. Most notably, home sales in China and Canada are
starting to fall. Remember what happened when the U.S. housing market cracked?
That's right -- that's what started this mess in the first place.
5)
Politically, this period in time has a tendency to be bad for stocks. There is
uncertainty around the mid-year elections...and the market hates uncertainty.
Historically, the political picture doesn't become clear until October, at
which point we might expect a rally. Until then, expect the democrats to do
everything they can to retain their jobs in November. That means, "stop
pissing off the public"...and the public seems pretty pissed about how the
stimulus $$$ worked out for them (or more accurately, how it DIDN'T work out
for them). Thus, the political pressure will lean against further stimulus
until after the elections.
The
Bottom Line: I believe that the market will start to reflect these concerns
very soon. These are real fundamental concerns, which you can see reflected in
the technicals. As the market reaches the 50DMA and the 200DMA, it will be inclined
to retreat (barring some new, hugely positive news). Meanwhile, the 50DMA is
90%+ likely to cross below the 200DMA, giving the market more reason to
retrench. At some point, if the economy sinks far enough and if the market
drops far enough, political pressure for more stimulus will mount. At that
point, money will flow back into the economy. But that time is not now. Now,
money is flowing away like the tide...and so should your invested capital. I'm
not always right, but I do my best, based on the information before me. Based
on what I see right now, the most logical conclusion is to expect a long, ugly
summer for stocks. If I see information that changes that view, I'll be sure to
post an update to this post. Disclosure: I have short positions against the
market
NAACP
Resolution Designed to Wreck Tea Party Movement by Playing Race Card Kurt Nimmo | The Tea Party
movement is more popular than either the Democratic or Republican parties, so
it must be destroyed.
Majority
of Americans lack faith in Obama: poll Nearly 60 percent of American voters
say they lack faith in President Barack Obama, according to a public opinion
poll published on Tuesday.
Majority
of Americans lack faith in Obama: poll Reuters | Nearly 60
percent of American voters say they lack faith in President Barack Obama,
according to a public opinion poll published on Tuesday. Top
anti-war Democrat: Afghanistan war could ‘destroy’ Obama’s presidency Raw Story | An outspoken
anti-war Democrat said ongoing US military efforts in Afghanistan could deeply
imperil the presidency of Barack Obama and the fortunes of the Democratic
Party. Obama’s
debt commission warns of fiscal ‘cancer’ Washington Post | The commission leaders said
that, at present, federal revenue is fully consumed by three programs: Social
Security, Medicare and Medicaid.
DRUDGEREPORT: 'White House waving white
flag'...
Panic button...
WIRE: Dems show signs of
battle fatigue...
Federal deficit gap tops $1
trillion through June...
Republicans propose cutting
Obama budget...
'CREDIBILITY CRISIS'
If
not for the likes of ie., Dell Computer, most (ie., those die hard Mac, Iphone,
Ipad, etc., aficionados among others) would say microsoft’s already in the
clouds, so to speak. Microsoft
takes aim at the cloud (Washington Post)
No
help in sight for jobless (Washington Post) Well, from their perspective, they
really don’t feel your pain, and, it gives the frauds on wall street another
b*** s***, market frothing, false talking point in the form of ‘fewer
continuing claims for unemployment’. Then there’s that ‘ depression thing’.
The
big crash — America plunges into Depression Alexander
Cockburn
‘This is a global
depression. This is a secular bear market in a global depression. The past up
move was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn, pass the hot potato scam /
fraud as in prior crashes.’
Making
millions from mowing lawns [Sounds like a plan … riiiiight!]
(Washington Post) Value Added | Entrepreneur's reinvestment and diversification
… By Thomas Heath For the less entrepreneurial at heart
there’s always … flippin’ burgers … Washington,
D.C.: the nation's (burger) capital? (Washington Post) | ‘The
Washington area has emerged as fertile ground for ground chuck
…’ Survey:
A satisfied federal workforce (Washington Post) Indeed they should be since
they’re totally expendable and a waste of taxpayer money.
Return of the No-Volume Melt-Up
Momentum Book Update: Trend Indicators Still Pointing Negative
Employment Picture Is Getting Bleaker
The Debt Party Is Over ‘… In a Ponzi scheme, the end comes
when the marginal investor decides to do something else with his money. Then
the house of cards stars falling apart. …’
Mattis: 'It's fun to shoot people'
Washington Post - - Jul 9, 2010 By
Ed O'Keefe President Obama's pick to lead military operations in Afghanistan,
Iraq, Pakistan and the Middle East is an experienced ground combat commander,
but also earned a stern rebuke in 2005 for controversial comments about combat
operations. Gen. James Mattis is named head of US Central Command Los Angeles Times Blunt General Appointed to Lead Forces in Mideast New York Times
DRUDGEREPORT: BOMBSHELL: Media Mogul Mort
Zuckerman Admits He Wrote One Of Obama's Speeches...
Were White House Officials Ready to Expose Collaboration?
Zuckerman Now: Obama Barely
Treading Water...
MICHELLE TELLS BLACKS TO 'INCREASE INTENSITY'
6 troops killed in Afghanistan...
DEM GOVS WARN: OBAMA SUIT VS. AZ IS 'TOXIC'
Debt panel has gloomy outlook...
Crisis Awaits World’s Banks as Trillions Come
Due...
G20 looks to Beijing to drive global growth …
They’re dreamin’! ...
They say ‘stocks oversold’. Preposterous!
Stocks have been overbought based on bad news or nothing at all, rallying on
‘not as bad as expected’. Even if that were true (I don’t believe anything they
say), who cares what the criminally insane frauds on wall street say what they
expect. It’s fundamentals, economic and financial, that ultimately count; but,
in the meantime, they’re like termites eating away at the nation’s foundation
with lightning fast computerized trade programs, all of which excessively huge
commission churn / earn revenues are a net negative for the economy in real
economic terms which is evidenced by unprecedented economic decline in all
productive sectors of the economy. This is a great opportunity to SELL / TAKE
PROFITS since this suckers rally to suck suckers in and keep them sucked in is
based on fraud and b*** s*** alone
and: ‘This is a global depression. This is a secular bear market in a
global depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn and
earn pass the hot potato scam / fraud as in prior crashes.’
Technical Indicators Trigger Major
Sell Signal ‘…In summary, the bearish picture is confirmed by technical
indicators, a fundamental outlook, sentiment gauges, and valuations.Based on
what the market considered fair market valuations at prior historic market
bottoms, one can conclude how far stocks have to drop to reach the previously
attained level of fair valuations …’
: ‘On Friday July 9, 2010,
4:32 pm EDT It rarely ever happens, but when it does, it's serious. It
has only happened nine times in 10 years. We are referring to crossovers
between the 200-day and 50-day simple moving averages (SMAs).Very few technical
indicators receive as much attention and media coverage as the 50 and 200-day
SMAs. The 200-day MA is perceived to be the dividing line between a stock that
is technically healthy and one that is not. It's a Big
Deal It's a big deal when a stock or an index drops
below the 200-day SMA. It's an even bigger deal when the 50-day SMA of any
given stock or index drops below the 200-day SMA. Such a crossover reflects
internal weakness - at least in theory. We'll discuss in a moment how the
actual numbers match up with theoretic assumptions. On June 22, 2010, the
S&P 500 (SNP: ^GSPC) and Dow Jones (DJI: ^DJI) dropped below the 200-day
SMA. One day later the Nasdaq (Nasdaq: ^IXIC) followed. On July 2, 2010, the
50-day SMA for the S&P (NYSEArca: SPY
- News)
dropped below the 200-day SMA. On July 6, the Dow Jones (NYSEArca: DIA
- News)
followed. As of today, the Nasdaq (Nasdaq: QQQQ
- News)
is barely hanging on. This sounds like a doomsday scenario. Does a rigid
analysis show that there is validity to 200-day and 50-day SMA crossover
buy/sell signals? Let's investigate.Crossovers - Lagging but Notable Many argue that
the SMA crossover is a delayed signal that emphasizes past weakness more than
it foreshadows future declines. To an extent, that is true. There are other
warning signals that point to a market turn long before the SMA does. For
example, on April 16, 2010, the ETF Profit Strategy Newsletter noted an
extremely low put/call ratio along with other bullish sentiment extremes. The
newsletter stated that 'the message conveyed by the composite bullishness is
unmistakably bearish. Once prices start to fall and investors get afraid of
incurring losses, the only option is to sell (due to the low put/call ratio).
Selling, results in more selling. This negative feedback loop usually results
in rapidly falling prices.' Prices did fall rapidly. The 22 trading days
following the April 26 high, erased eight months worth of gains. It took a 17%
drop for the SMA crossover to trigger a sell signal. When the ETF Profit
Strategy Newsletter issued a strong buy signal on March 2, 2009, it emphasized
that the developing rally would be a counter trend rally followed by a steep
decline and maintained this viewpoint even though prices kept rallying
relentlessly into the April highs. The SMA crossover now expresses the
possibility that even lower prices are ahead. 200 and
50-day SMA Crossovers - How Accurate? How about the
SMA crossover track record? Over the past 10 years, there have been nine
S&P SMA crossovers with five sell and four buy signals. We have yet to see
the results of the most recent sell signal. However, of the eight previous
signals, six were correct. Average gains following each signal were 14.91%.
$10,000 invested according to the buy/sell recommendations given right after
the first sell signal was triggered on October 30, 2000 at S&P 1,399, would
be worth $24,769 today. More Than just Crossovers If it sounds
too good to be true, it often is. As is the case with so many technical
indicators, crossovers need to be viewed in context with other indicators. In
other words, take a step back and evaluate how crossovers fit into the larger
picture. The larger picture (going back to 2007) reveals that trading volume
associated with market declines has been generally high, while trading volume
seen during rallies has been generally low; a bearish sign. Does
Wednesday's 3.13% Rally Invalidate the Sell Signal? On Wednesday,
the S&P rallied 32 points or 3.13%. The Dow rallied 2.82%, while the Nasdaq
rallied 3.13%. Does this mean the bull market is back on track?Since the
April market top, we've seen about a handful of 2-3% bounces. All associated
gains were erased within a matter of days. Chances are this time will be the
same. In fact, some sort of bounce was to be expected. On July 5, the ETF
Profit Strategy Newsletter stated 'considering that the S&P is butting
against the 100-week SMA, lower accelerations band, 38.2% Fibonacci retracement
levels, round number resistance at 1,000, and weekly s1 at 994, there is a good
chance we will see some sort of a bounce develop from the 990 - 1,015 area.
Weekly r1 at 1,066 and pivot at 1,063 should serve as resistance.' This bounce
is in its later stages right now. What's Next? Let's revisit
the larger picture. Out of the nine leading industry sectors, seven have seen
their 50-day SMA cross below the 200-day SMA - financials (NYSEArca: XLF
- News),
technology (NYSEArca: XLK - News),
consumer staples (NYSEArca: XLP - News),
materials (NYSEArca: XLB - News),
utilities (NYSEArca: XLU - News),
energy (NYSEArca: XLE - News)
and healthcare (NYSEArca: XLV - News).
The consumer discretionary (NYSEArca: XLY
- News)
and industrial sector (NYSEArca: XLI - News)
are the only holdouts. All nine sectors, however, trade below their 200-day
SMA. Fundamentals, sentiment readings and valuations also point south. Some of
the fundamentals we have discussed in these pages are crafty accounting
practices designed to hide huge losses racked up by big financial institutions
not yet realized along with a continually bad unemployment picture. Sentiment
surrounding the April highs recorded extremes not seen since the 2000, 2007,
and even 1987 market top. There are multiple sentiment measures (such as the
VIX, cash allocation, put/call ratio, percentage of bullish/bearish advisors,
mutual fund cash levels, etc.). Each sentiment measure is one piece of
the puzzle. The more pieces of the puzzle you have, the clearer the picture
becomes. Leading up to the April highs, nearly all sentiment indicators peaked,
painting a complete bearish picture. In summary, the bearish picture is
confirmed by technical indicators, a fundamental outlook, sentiment gauges, and
valuations. Based on what the market considered fair market valuations at prior
historic market bottoms, one can conclude how far stocks have to drop to reach
the previously attained level of fair valuations. The ETF Profit Strategy Newsletter
includes a detailed analysis of four valuation metrics with a track record of
accuracy, along with the implied target range for an ultimate market bottom.
This is provided in addition to its short, mid and long-term forecast. When the
market speaks, it behooves investors to listen. Fighting the tape has often
proven to be foolish, as the market will always have the final word.’
A
Market Forecast That Says ‘Take Cover’ New York Times
| We have entered a market decline of staggering proportions — perhaps the
biggest of the last 300 years.
Commercial Real Estate Loans Extend
and Pretend ‘…Courtesy of Thomson / Reuters
Commercial Real Estate Loans – Extend and Pretend Community banks have commercial real estate
loans where the borrower cannot make scheduled interest and principle payments.
More than 50% of all FDIC-insured institutions have loan pipelines that are 80%
to 100% funded. This is a measure of how banks are stuck with noncurrent
assets, but they are not classified that way. Instead, community banks are
giving borrowers more time to make their payments on the theory that it’s better to collect zero on some loans rather than
owning the real estate that collateralizes those loans. This concept is dubbed
“extend and pretend” hoping that the borrower will
eventual pay the loan back. Banks in this practice are known as “Zombie Banks” as
they can’t
lend, can’t lure in new investors, and wait for the FDIC to knock
on their doors on Friday afternoon. This strategy includes stretching out loan
maturities and allowing below-market interest rates to slow the number of
defaults and preserving the capital of banks that would be expended if property
had to become “Other Real Estate Owned.” As a result “Loans 30 to 89 Days in Arrears” and “Noncurrent”
loans are not growing as fast as they should be. The net result of these
practices masks the true toxicity of the Commercial Real Estate market. It’s not just the small banks that
are employing “extend and pretend”
tactics. I read that the Bank of America (BAC) has extended a large real estate loan in
Buckhead, Georgia the high-class area north of Atlanta. The loan finances the
development of a high-end shopping and residential project in 2007 and now three
years later the cranes are silent and the project is fenced in. The banking
regulators are helping the banks by allowing the lenders several ways to
restructure loans. While doing so the banks are allowed to keep these loans as
“performing” even with collateral values below the loan
amounts. Extend and pretend is also known as kicking the can down the road. It
seems to me that we have wasted billions if not trillions in stimulus money and
bank bailouts when this money could have been used to actually fund the
completion of these projects. Such a plan would have cost tax payers much less
and would have kept Americans working on Main Street USA, as finishing
incompleted real estate projects are clearly “shovel ready” projects.
According to Foresight Analytics banks hold $176 billion of CRE loans that
could be declared toxic. This is the tip of the iceberg as the FDIC Quarterly
Banking Profile shows $1.09 trillion in nonfarm nonresidential real estate
loans and $418 billion in Construction & Development loans on the books of
our nation’s banks. About two-thirds of
the CRE loans are maturing between now and 2014, and are underwater. Commercial
real estate property values are down 42% from the October 2007 peak. At the end
of the first quarter 9.1% are delinquent up from 7% a year earlier. Bankers
justify “extend and pretend” saying
that it’s better than calling the loan and dumping more property
on a depressed market. We need a stronger economy to entice new investors to
resurrect projects and to find new demand for competed offices, hotels, condos
etc which are the finished products of completed CRE projects. Without a strong
economic recovery these loans will eventually have to be written off down the
road. The problem is that while these loans are on hold banks can’t justify new
loans, which would be the engine of economic growth. And the beat goes on. Disclosure:
No positions’
Light Volume Temptations: Dave's Daily ‘Volume still matters, doesn't it?
It seems not as the financial media ignores our light volume market in favor of
writing bullish headlines. With hedge funds mostly sidelined according to
reports posted here yesterday, the primary buyers must be trading desks on Wall
Street and a handful of algo traders. It's tempting to come off the sidelines
and join the fun but perhaps it's just the trap they're laying for you. A
headline at Reuters read this afternoon: "Weaker Economic Views Equals
Stronger 3-Year Note Sale". So, if equity markets are forward-looking one
must wonder what these few buyers are seeing beyond a short-term trade.
Headline writers say its strong earnings growth that will prop markets coupled
with rosy outlooks. That would have to be the case otherwise this is just a
sucker's rally. As stated, volume was holiday-like light (40% below average)
making it really easy for the machines to take over trading, and so they did
... ‘
Academics,
Politicians: Pending Global Treaty Threatens Free Internet, Fundamental Rights Steve
Watson | ACTA: Flagship of the growing internet censorship
armada. Two
Stories that Should Scare the Heck Out of You Greg Hunter
| I was sitting here trying to find a way to wrap up the week and then,
like a bolt of lightning, an idea hit me.Gold expert Jim Sinclair sent me this
story: “Federal Budget Deficit Hits $1 Trillion For 1st 9 Months Of
FY’10.” The story said, “The shortfall, reflecting $2.6
trillion in outlays for the first three quarters and $1.6 trillion in receipts,
narrowed slightly compared with the same point in fiscal 2009.” So
where did the “shortfall” come from? Try the more that 8
million who lost their jobs. The story went on to say, “. . .
individual income and payroll tax receipts were down 4% over the nine-month
period, suggesting that wages and salaries have not improved to the extent that
corporate profits have.” Corporate profits have “improved”
because they laid-off all those workers!! (Click here for the entire Dow Jones Newswires story)
Sinclair says, “Nothing has changed. Nothing has been rescued. The can
that is being kicked daily down the path is going to turn around and bite the
kickers. Gold is the only insurance.” When things get
bad enough, there will be more stimulus cash put into the economy and more bank
bailouts. Sinclair is like legendary football quarterback Joe
Montana–never bet against either of them. Academics,
Politicians: Pending Global Treaty Threatens Free Internet, Fundamental Rights Over
90 academics, practitioners and public interest organizations from six
continents have collectively warned that a secretive global treaty, currently
being negotiated by governments of the world’s largest economies would see
tight controls placed on the internet and would threaten other fundamental
rights and freedoms.
Economists,
Financial Experts: U.S. Is Trapped In 1932 Size Depression Following
Nobel Laureate Paul Krugman’s declaration last week that the U.S.
is in entering a third period of great depression, more and more economists are
following suit, comparing the scale of the crisis to that of the early
1930s.
Ahmadinejad
brands US world’s dictator ahead of summit
David
Icke onTV: Humanity’s Last Chance Infowars.com |
Alex talks with writer, public speaker, and former well-known BBC television
sports presenter David Icke. As
the United States Collapses, Media Worships LeBron James Infowars gives
the inside scoop on basketball MVP LeBron James’ pivotal trade
decision. America
Is In A Societal Meltdown Chuck Baldwin | America is
in the midst of a complete and total spiritual, societal, cultural, moral, and
political meltdown. Obama
Selects General Who Likes Killing Muslims to Centcom Kurt
Nimmo | Gen. Mattis has the same habit of speaking his mind as
McCrystal.
The
Lights Are Going Out For Free Speech On The Internet Type the
keywords “Internet censorship” into Google News and you will immediately
understand to what degree the world wide web is under assault from attempts by
governments globally to regulate and stifle free speech. From Australia to
Belarus, from Turkey to Vietnam, from Pakistan to Egypt, from Afghanistan to
Iran, huge chunks of the Internet are going dark as the Chinese model of
Internet regulation is adopted worldwide. [Has everybody lost their minds?
Referring to the china model as something to be emulated. It’s true they are
more productive than america, generally, but their business model is almost
prehistoric and the direct consequence of the great american sell-out for money
(the ‘pass through’ or direct) by those who’ve pledged otherwise (walmart,
congress, clinton, bush, wobama, etc.). Even some of their simplest products
are junk (but priced incredibly low to make the relative value) and seem to
have adopted that GM strategy of planned obsolescence, breakdown, etc., to spur
sales. Then there’s the communist faux capitalism paradox, suppression,
oppression, etc., which has even the defacto bankrupt, pervasively corrupt,
fallen america blindly following. Quite simply, their ancient business model is
slave labor. As for Iran, they are a relatively small nation under collective
siege.]
US
taxpayers’ Afghan aid money buys rich Afghans’ Dubai villas You
already might have heard that it costs the United States $1 million for each
solider per year in Afghanistan, to cover the cost of the soldiers’
benefits, troop transports and other materiel. Billions
of dollars secreted out of Kabul Spiegel Online |
Billions of dollars are being secreted out of Kabul to help well-connected
Afghans buy luxury villas in Dubai and then there are the american recipients
who are a bit more careful with their stash.
DRUDGEREPORT: PAPER:
Optimism on hold; Recovery economy falters...
USA
marks 3rd-largest, single-day debt increase...
Deficit
hits $1 trillion in June for second year...
IMF presses US
to cut debt...
NSA
INTERNET GRAB; SPY AGENCY SHIFTS TO DOMESTIC EAVESDROPPING...
CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE...
RESET: Russia slams
Clinton for 'groundless' comments...
Mortgage Delinquencies Rising Again as
Home Prices Stay Flat...
Roubini: Banks Too Big to Fail, Too Big
to Bail Out...
COOKED APPLE: 103...
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE...
US v. AZ...
The
New Civil Wars Within the West Gregory R. Copley |
Internecine civil wars are underway almost everywhere within the West, and most
virulently in the United States of America. On
Why America’s 234th Birthday May Not Have Many More To Follow Zero
Hedge | It is my firm belief that we have come to the “end of the
road” for the financial system.
Iran
says planes denied fuel in Germany, UK, UAE Reuters
| The claim could not be independently confirmed and was met abroad by
skepticism. [Europe really fell fast. They make Christians look like the
dumbest people in the world, along with the likes of ie., UAE if true (and
defacto bankrupt america). After all, this ‘all for israel’ mantra is contraindicated inasmuch as the hebrews
deny the very foundation of the Christian religion and indeed were behind his
crucifixion].
DRUDGEREPORT: Evans-Pritchard:
It's Really Starting to Feel Like 1932 [Depression] ...
Dow Repeats Great Depression
Pattern...
Investors
fear risk of regional defaults...
Obama:
'The great jobs killer'...
Turkey, a leader
of nations, wants war criminal israel apology, israel rejects demand ...
Threat
'to sever ties'...
Dollar
Plunges After UN Call To Ditch Greenback U.S.
economy enters “total freefall” as double-dip recession looms.
China's Stocks Fall to 15-Month Low on
Economy, Profit Outlook China's housing prices to fall, official says
Banks
are Still at the Derivatives Casino (at Seeking Alpha)
[video]
Washington's Bungled Bank Bailout (at TheStreet.com)
ECRI Weekly Leading Index Growth Lowest in 13 Months Be on the Right Side of S&P Earnings Estimate Cuts
Inventory Cycle Has Run Its Course Harrison – ‘… This is the scenario I have been predicting for
months now.
- Double
Dip Recession and the Obama 2011 Budget (February 2010): The long and
short is that – come Summer – the inventory cycle’s thrust will have
dissipated. And if companies are not hiring by this time and consumer
spending is not increasing more robustly, then the state budgets, the
strategic defaults and all of the rest of that becomes a serious obstacle.
In my view, more likely than not, this will lead to another recession late
in 2010 or in 2011. And nothing in the President’s budget changes this
outlook.
- The
mindset will not change; a depressionary relapse may be coming (March
2010): the inventory cycle’s impact on GDP growth will attenuate. By the
second half of 2010, inventories will not add considerably to GDP.
- US
GDP growth rate is unsustainable; recovery will fade (April 2010): The
inventory cycle is already starting to fade. That means weak 1 or 2%
growth at best by Q4 2010. Unless job growth picks up tremendously by the
second half of the year, this recovery is in trouble.
David Rosenberg says the
ISM leads jobs. And, the latest jobs
numbers were weak.
I would be nonplused about the recent ISM data if it
weren’t for the column highlighted in red. Notice how the momentum for
everything is slowing. Not just the overall index, but new orders, production
and employment …’
U.S.
Economy “Is a Complete Disaster” Yahoo! Finance |
The U.S. economy is in shambles and Americans will continue to see high
unemployment and lower living standards in the years to
come. America
is sinking under Obama’s towering debt I hope the White House is
paying attention to the latest annual Congressional Budget Office Long-Term
Budget Outlook, which offers a truly frightening picture of the scale of
America’s national debt, with huge implications for the country’s future
prosperity. 7.9
million jobs lost, many forever CNNMoney | The
recession killed off 7.9 million jobs. It’s increasingly likely that many will
never come back.
50
Random Facts That Make You Wonder What In The World Has Happened To America The
Economic Collapse | For those who still love this land (and there are
a lot of us) it is heartbreaking to watch America slowly
die. BP,
Homeland Security, and Cops Work Together to Deny First Amendment Kurt
Nimmo | BP, Homeland Security, the FBI’s Joint Terrorism Task Force,
and local cops will now decide if it is acceptable for journalists to take
photographs. Will
G20 Police Succeed In Covering Up Reports of Rape and Torture? Infowars.com
| Can authorities be allowed to cover-up the Abu-Ghraib style incarceration
methods Toronto police engaged in during the G20 summit this past weekend,
where women were arrested and subsequently raped by male
cops? Emergency
S.O.S.: America Falling to Foreign Bank Takeover – Fourth of July Alex
Jones breaks down the takeover by offshore banking powers– newly empowered by
Congress’ banking “reform,” expanded taxes worldwide, as well as accelerated
moves towards ending the Dollar’s reserve status, including urging from a
recent United Nations report. More
than one-quarter don’t know who US gained independence from Every
Fourth of July, Americans gather to celebrate the country’s declaration of
independence from … um, what country was that again?
DRUDGEREPORT: TORN
ON FOURTH OF JULY: OBAMA DIVIDES NATION...
Great
Republic in parlous state -- politically, economically...
YEAR
9: Petraeus in Afghanistan warns of tough mission...
'We are in this
to win' … Win what? The fact of america’s defacto bankruptcy and being there IS
failure no matter what they ultimately call this debacle ...
Illinois
Stops Paying Its Bills...
Facing
'outright disaster' amid budget crisis...
Turn On, Tune In...Nah, Just Drop Out … Discouraged workers at a new
cycle high And small wonder. The median unemployment duration went to a new
all-time high (since the 1940s, anyway, when that series begins) and shows no
signs of slowing its ascent …
(Chart, source Bloomberg)…
NY
Times’ Krugman: We Are Entering The Third Depression Recessions are
common; depressions are rare. [Correction: we’re already in a depression].
JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST...
Rate
dips as 652,000 give up search...
Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].
Ron
Paul: 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198 Ron
Paul’s attempt to audit the Federal Reserve, which was previously co-sponsored
by 320 members of the House (HR 1207), failed by a vote of 229-198. All
Republicans voted in favor of the measure with 23 Democrats crossing the aisle
to vote with Republicans. 122 co-sponsors of HR 1207, all Democrats, jumped
ship and voted against the measure. The Future of Audit the
Fed Congressman Ron Paul discusses the latest in the efforts to get a
full and complete audit of the Fed as well as the future of Fed transparency.
Like Congressman Paul says, we’ve accomplished a lot of good with our movement,
and there’s many reasons to be optimistic for the future.
Ditch
the Buck! Dollar demise ‘a matter of months’ A report by the United
Nations says the American dollar should be ditched as the main global reserve
currency. It said that the global financial meltdown has exposed systematic
weaknesses, one of which is the reliance on the
greenback. G-20
is Relying on China To Drive the World Economy … But China Isn’t Looking So Hot
The G-20 is apparently relying on China to drive the world economy.
Middle
class families face a triple whammy Edmund Conway |
Falling pensions, cuts and the banking crisis will impoverish many families.
One of those … Daaaaah!
Moments … Panetta says Afghan progress slower than
expected Los Angeles Times -
Days after President Obama installed a new US military commander in
Afghanistan, CIA Director Leon E. Panetta conceded Sunday that progress in the
war has been "harder" and "slower than I think ...
Panetta says Afghan insurgents show no real interest in
reconciliation talks Washington Post
CIA Retains Controversial Security Firm in Afghanistan Wall Street Journal CIA:
AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ...
GOP chairman: Afghan 'war of Obama's choosing' (AP) - Republican
chairman Michael Steele drew criticism from within his own party Friday,
including calls to resign, after saying the 9-year-old commitment of U.S.
troops to Afghanistan was a mistaken ... [Steele is quite right and wobama and
war facilitators deserve criticism; not
Steele.] Pelosi:
Unemployment Checks Fastest Way to Create Jobs “It
creates jobs faster than almost any other initiative you can name.” [pelosi’s
so ‘in over her head’, burnt out,
borderline senile, etc.] Seventy
million expired flu vaccines about to be incinerated as waste [government
/ corporate welfare / fraud] Forty million doses of H1N1 swine flu vaccine are
about to go up in flames, and another 30 million will soon meet the same fate.
They’ve expired, you see, and despite
the CDC’s best efforts to push flu vaccines on the american people, the
industry still couldn’t find a way to offload seventy million doses of a
vaccine that doesn’t even work.
Israel
Suspected in Bogus Claim Iran Developing Nuclear Trigger Kurt
Nimmo | The bogus claim prompted a new round of support for more
aggressive U.S. and European sanctions against
Iran. Ron
Paul: Audit The Fed Bill Fails After Former Co-Sponsors Flip-Flop | Ron
Paul’s attempt to audit the Federal Reserve failed, after more than 100 former
co-sponsors of the bill jumped ship and voted against the
measure. Dollar
Plunges After UN Call To Ditch Greenback | U.S. economy enters “total
freefall”.
50 Random Facts That Make You Wonder What In The World
Has Happened To America - The Economic Collapse July 2,
2010 Our world is changing at a pace that is so staggering these days that it
can be really hard to fully grasp the significance of what we are
witnessing. Hopefully the collection of random facts below will help you
to “connect the dots” just a little bit. On one level, the facts below
may not seem related. However, what they all do have in common is that
they show just how much the United States has fundamentally changed. Do
you ever just sit back and wonder what in the world has happened to America?
The truth is that the America that so many of us once loved so much has been
shattered into a thousand pieces. The “land
of the free and the home of the brave” has been transformed into a socialized
Big Brother nanny state that is oozing with corruption and has accumulated
the biggest mountain of debt in the history of the world. The greatest
economic machine that the world has ever seen is falling apart before our very
eyes, and even when our politicians actually try to do something right (which
is quite rare) the end result is still a bunch of garbage. For those
who still love this land (and there are a lot of us) it is heartbreaking to
watch America slowly die.
The following are 50 random facts that show
just how dramatically america has changed….
#50) A new report released by the United
Nations is publicly calling for the establishment of a world
currency and none of the major news networks are even
covering it.
#49) Arnold Schwarzenegger has ordered California
State Controller John Chiang to reduce state worker pay for July to the federal
minimum allowed by law — $7.25 an hour for most
state workers.
#48) A police officer in Oklahoma recently tasered an 86-year-old disabled grandma in her bed
and stepped on her oxygen hose until she couldn’t breathe because they
considered her to be a “threat”.
#47) In early 2009, U.S. net national savings as a
percentage of GDP went negative for the first time since
1952, and it has continued its downward trend since then.
#46) Corexit 9500 is so incredibly toxic that the
UK’s Marine Management Organization has completely banned it, so if there
was a major oil spill in the North Sea, BP would not be able to use it.
And yet BP has dumped over a million gallons of dispersants such as Corexit
9500 into the Gulf of Mexico.
#45) For the first time in U.S. history, more than 40 million Americans are on food stamps,
and the U.S. Department of Agriculture projects that number will go up to 43
million Americans in 2011.
#44) It has come out that one employee used a Federal
Emergency Management Agency credit card to buy $4,318 in “Happy
Birthday” gift cards. Two
other FEMA officials charged the cost of 360 golf umbrellas ($9,000) to the
taxpayers.
#43) Researchers at the State University of New York at
Buffalo received $389,000 from the U.S. government to pay
100 residents of Buffalo $45 each to record how much malt liquor they drink and how much
pot they smoke each day.
#42) The average duration of unemployment in the United States
has risen to an all-time high.
#41) The bottom 40 percent of all income earners in
the United States now collectively own less than 1 percent of the nation’s
wealth.
#40) In the U.S., the average federal worker now earns about twice as much as the average
worker in the private sector.
#39) Back in 1950 each retiree’s Social Security benefit
was paid for by 16 workers. Today, each retiree’s Social
Security benefit is paid for by approximately 3.3 workers.
By 2025 it is projected that there will be approximately two workers
for each retiree.
#38) According to a U.S. Treasury Department report to
Congress, the U.S. national debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015.
#37) The federal government actually has the gall to ask for online
donations that will supposedly go towards paying off the national
debt.
#36) The Cactus Bug Project at the University Of
Florida was allocated $325,394 in economic stimulus funds to study the mating decisions of cactus bugs.
#35) A dinner cruise company in Chicago got nearly $1
million in economic stimulus funds to combat terrorism.
#34) It is being reported that a 6-year-old girl from Ohio is
on the “no fly” list maintained by U.S. Homeland Security.
#33) During the first quarter of 2010, the total number of
loans that are at least three months past due in the United States increased for the 16th consecutive quarter.
#32) According to a new report, Americans spend twice as much as residents of other
developed countries on healthcare, but get lower quality and far less
efficiency.
#31) Some experts are warning that the cost of bailing
out Fannie Mae and Freddie Mac could reach as high as $1
trillion.
#30) The FDA has announced that the offspring of cloned animals could be in our food
supply right now and that there is nothing that they can do about
it.
#29) In May, sales of new homes in the United States dropped to the lowest level ever
recorded.
#28) In 1950, the ratio of the average executive’s paycheck to
the average worker’s paycheck was about 30 to 1. Since the year 2000,
that ratio has ranged between 300 to 500 to one.
#27) Federal border officials recently said that Mexican
drug cartels have not only set up shop on American soil, they are
actually maintaining lookout bases in
strategic locations in the hills of southern Arizona.
#26) The U.S. government has declared some parts
of Arizona off limits to U.S. citizens because of
the threat of violence from Mexican drug smugglers.
#25) According to the credit card repayment calculator, if you owe
$6000 on a credit card with a 20 percent interest rate and only pay the minimum
payment each time, it will take you 54 years to pay off that credit card.
During those 54 years you will pay $26,168 in interest rate charges
in addition to the $6000 in principal that you are required to pay back.
#24) According to prepared testimony by Goldman Sachs Chief
Operating Officer Gary Cohn, Goldman Sachs shorted roughly $615 million of
the collateralized debt obligations and residential mortgage-backed securities
the firm underwrote since late 2006.
#23) The six biggest banks in the United States now
possess assets equivalent to 60 percent of America’s gross national product.
#22) Four of the biggest U.S. banks (Goldman Sachs, JPMorgan
Chase, Bank of America and Citigroup) had a “perfect
quarter” with zero days of trading losses during the
first quarter of 2010.
#21) 1.41 million Americans filed for personal bankruptcy in
2009 – a 32 percent increase over 2008.
#20) BP has hired private security contractors
to keep the American people away from oil cleanup sites and nobody
seems to care.
#19) Barack Obama is calling for a “civilian expeditionary force”
to be sent to Afghanistan and Iraq to help overburdened military troops build
infrastructure.
#18) On June 18th, two Christians decided that they would
peacefully pass out copies of the gospel of John on a public sidewalk
outside a public Arab festival in Dearborn, Michigan and within 3 minutes
8 policemen surrounded them and placed them under arrest.
#17) It is being reported that sales of foreclosed homes in
Florida made up nearly 40 percent of all
home purchases in the first part of this year.
#16) During a recent interview with Larry King,
former first lady Laura Bush revealed to the world that she is actually in
favor of legalized gay marriage and a woman’s “right” to abortion.
#15) Scientists at Columbia University are warning that the
dose of radiation from the new full body security scanners going into airports
all over the United States could be up to 20 times higher
than originally estimated.
#14) 43 percent of Americans have less than $10,000
saved for retirement.
#13) The FDIC’s deposit insurance fund now has negative 20.7 billion dollars in it,
which represents a slight improvement from the end of 2009.
#12) The judge that BP is pushing for to hear an
estimated 200 lawsuits on the Gulf of Mexico oil disaster gets tens of thousands of dollars a
year in oil royalties and is paid travel expenses to industry
conferences.
#11) In recent years the U.S. government has spent $2.6
million tax dollars to study the drinking habits of Chinese prostitutes and
$400,000 tax dollars to pay researchers to cruise six bars in Buenos
Aires, Argentina to find out why gay men engage in risky sexual behavior
when drunk.
#10) U.S. officials say that more than three billion
dollars in cash (much of it aid money paid for by U.S. taxpayers)
has been stolen by corrupt officials in Afghanistan and flown out of Kabul
International Airport in recent years.
#9) According to a report by the U.S. Department of Transportation’s
Bureau of Transportation Statistics, the baggage check fees collected by U.S.
airlines shot up 33% in the first
quarter of 2010 to $769 million.
#8) Three California high school students are fighting for
their right to show their American patriotism - even on a Mexican
holiday - after they were forced to remove
their American flag T-shirts on Cinco de Mayo.
#7) Right now, interest on the U.S. national debt and spending
on entitlement programs like Social Security and Medicare are somewhere in
the neighborhood of 10 to 15 percent of GDP. By 2080, they are
projected to eat up approximately 50 percent of GDP.
#6) The total of all government, corporate and consumer
debt in the United States is now about 360 percent of GDP.
#5) A 6-year-old girl was recently handcuffed and sent to
a mental facility after throwing temper tantrums at her
elementary school.
#4) In Florida, students have been arrested by police for things as
simple as bringing a plastic butter knife to school, throwing an eraser,
and drawing a picture of a gun.
#3) School officials in one town in Massachusetts are
refusing to allow students to recite the Pledge of Allegiance.
#2) According to one new study, approximately 21 percent
of children in the United States are living below the poverty line in 2010.
#1) Since 1973, more than 50 million babies have been
murdered in abortion facilities across the United States.
Fed
Made Taxpayers Unwitting Junk-Bond Buyers Bloomberg
| So-called assets included collateralized debt obligations and mortgage-backed
bonds. Dollar
Plunges After UN Call To Ditch Greenback The dollar plunged today following
a United Nations report which called for the greenback to be replaced as the
global reserve currency by the International Monetary Fund’s special drawing rights
(SDRs). National
debt soars to highest level since WWII The federal debt will
represent 62% of the nation’s economy
by the end of this year. Dollar
should be replaced as international standard, U.N. report says CNN
| The dollar is an unreliable international currency and should be replaced by
a more stable system, the United Nations Department of Economic and Social
Affairs said. Double
Dip Picking Up: Jobless Claims Spike To 472,000, On Expectations Of 455,000 Jobless
claims were a disaster, coming in at 472k, on expectations of 455k. Prior was
revised, surprise, surprise, higher to 459k from 457k. What is scariest is that
between extended benefits and EUC, now that Congress has turned off the perpetual
insurance spigot for the unemployed, dropped by -158,155 and -217,513.‘Jobless
Recovery’ Myth as Banksters RAPE and ENSLAVE the Public! GET OFF YOUR KNEES! We’re told that this will be a ‘jobless recovery’ with further job losses expected before things get
better. Well, if you believe that nonsense I’ve got a fantastic sundrenched beach on the growing ice packs of
Antarctica to sell you. How on earth can there be anything called a jobless
recovery? The simple answer is that there can’t! Study:
US media redefined torture after US started practicing it The US news
media radically changed how it reported on the issue of waterboarding after it
emerged that US forces had used the practice, says a new study from Harvard
University. The
Toronto G20 Riot Fraud: Undercover Police engaged in Purposeful Provocation Toronto
is right now in the midst of a massive government / media propaganda fraud. As
events unfold, it is becoming increasingly clear that the ‘Black Bloc’ are undercover police operatives engaged in
purposeful provocations to eclipse and invalidate legitimate G20 citizen
protest by starting a riot. Government agents have been caught doing this
before in Canada.
Obama
Calls for Pentagon “Civilian Component” [Wow!
Sounds like a plan … riiiiight!] Kurt
Nimmo | Obama wants to send civilians to the occupation zones in Iraq
and Afghanistan.
Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST...
Rate
dips as 652,000 give up search...
Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].
New
jobless claims rise [again]...
'Surprise'...
Pending
home sales plunge record 30%...
Weak economic
data suggest 'recovery' fizzling...
Fears
mount over slowing global demand...
UN
committee calls for dumping US dollar...
Six Months
to Go Until the Largest Tax Hikes in History...
SIX MONTHS TO GO UNTIL
THE LARGEST TAX HIKES IN HISTORY
From Ryan Ellis on Thursday, July 1, 2010 4:15 PM
Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVN5aBH3
In just six months, the largest tax hikes in the history of America
will take effect. They will hit families and small businesses in three
great waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors,
small business owners, and families. These will all expire on January 1,
2011:
Personal income tax rates will rise. The top income tax
rate will rise from 35 to 39.6 percent (this is also the rate at which
two-thirds of small business profits are taxed). The lowest rate will
rise from 10 to 15 percent. All the rates in between will also
rise. Itemized deductions and personal exemptions will again phase out,
which has the same mathematical effect as higher marginal tax rates. The
full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage
penalty” (narrower tax brackets for married couples) will return from the first
dollar of income. The child tax credit will be cut in half from $1000 to
$500 per child. The standard deduction will no longer be doubled for
married couples relative to the single level. The dependent care and
adoption tax credits will be cut.
The return of the Death Tax. This year, there is no
death tax. For those dying on or after January 1 2011, there is a 55
percent top death tax rate on estates over $1 million. A person leaving
behind two homes and a retirement account could easily pass along a death tax
bill to their loved ones.
Higher tax rates on savers and investors. The capital
gains tax will rise from 15 percent this year to 20 percent in 2011. The
dividends tax will rise from 15 percent this year to 39.6 percent in
2011. These rates will rise another 3.8 percent in 2013.
Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare.
Several will first go into effect on January 1, 2011. They include:
The “Medicine Cabinet Tax” Thanks to Obamacare,
Americans will no longer be able to use health savings account (HSA), flexible
spending account (FSA), or health reimbursement (HRA) pre-tax dollars to
purchase non-prescription, over-the-counter medicines (except insulin).
The “Special Needs Kids Tax” This provision of Obamacare
imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there
is no federal government limit). There is one group of FSA owners for
whom this new cap will be particularly cruel and onerous: parents of special
needs children. There are thousands of families with special needs
children in the United States, and many of them use FSAs to pay for special
needs education. Tuition rates at one leading school that teaches special
needs children in Washington, D.C. (National Child Research Center) can easily
exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay
for this type of special needs education.
The HSA Withdrawal Tax Hike. This provision of Obamacare
increases the additional tax on non-medical early withdrawals from an HSA from
10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged
accounts, which remain at 10 percent.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2011, they’ll be
in for a nasty surprise—the AMT won’t be held harmless, and many tax relief
provisions will have expired. The major items include:
The AMT will ensnare over 28 million families, up from 4 million last
year. According to the left-leaning Tax Policy Center, Congress’ failure to index
the AMT will lead to an explosion of AMT taxpaying families—rising from 4
million last year to 28.5 million. These families will have to calculate
their tax burdens twice, and pay taxes at the higher level. The AMT was
created in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will
disappear. Small businesses can normally expense (rather than
slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This
will be cut all the way down to $25,000. Larger businesses can expense
half of their purchases of equipment. In January of 2011, all of it will
have to be “depreciated.”
Taxes will be raised on all types of businesses. There
are literally scores of tax hikes on business that will take place. The
biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining
high marginal tax rates with the loss of this tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. The
deduction for tuition and fees will not be available. Tax credits for
education will be limited. Teachers will no longer be able to deduct
classroom expenses. Coverdell Education Savings Accounts will be
cut. Employer-provided educational assistance is curtailed. The
student loan interest deduction will be disallowed for hundreds of thousands of
families.
Charitable Contributions from IRAs no longer allowed.
Under current law, a retired person with an IRA can contribute up to $100,000
per year directly to a charity from their IRA. This contribution also
counts toward an annual “required minimum distribution.” This ability
will no longer be there.
Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVMwYIhK
Investors get more gloomy & bearish We just had a very
difficult three month stretch for stocks. The S&P 500 fell 12% for
the quarter as did NASDAQ. The Shanghai Composite, China’s largest stock index, fell 22.9 in its local
currency, the yuan. The MSCI EAFE Index (foreign stocks) was down 14%.
Given the negative news, it is not surprising that investors are becoming more
bearish on stocks. This chart from Bespoke is based on the weekly Investors
Intelligence survey, which is getting close to levels from a year
ago. This is not close the peak we reached in early 2009, but the mood is
definitely more negative now: [chart]
Double Dip on the Way There were many events contributing to yesterday’s sell-off, and the
most likely culprits around the globe included more protests in Greece,
continued to concerns about Europe at large, and a downward revision (due to a
calculation error) of a leading economic indicator reading in China for the
month of April. But when it comes down to it, our own economy has yet to stand
on solid ground. While the recovery has continued to be shaky at best, recent
economic readings may be pointing to a double dip recession. Yesterday’s batch
of economic data seemed to be confirming that, as it brought a very dismal
reading on consumer confidence. June’s number stood at 52.9, far below
expectations of 62.5, and pointing to the consumers’ weariness about the job
market, and economic recovery in general. To go further, the previous reading
for May was revised downward, to 62.7 from 63.3. But the drop from May to June
really sends the message home: we’re not out of the woods yet. Earlier in the
week, we saw personal savings rates rise again, even while personal income
growth was meager. Americans, despite bringing home a little more cash,
continued to save more for the expected rainy days, and have yet to return to
their spendthrift ways. After yesterday’s precipitous selling, one would expect
to see a bit of a bounce in today’s trading session. That wasn’t the case,
however, as more weak data continued to dampen economic hopes. Today’s culprit
was the ADP private sector job report. The report stated that private payroll
gains were muted in June, with only 13,000 jobs added – far less than the
60,000 expected by economists. While May’s reading was revised slightly upwards
(to 57,000 hires from previously reported 55,000), today’s release does not
bode well for the much anticipated report from the Bureau of Labor Statistics
due out on Friday. The non-farms payroll survey includes government workers and
has been inflated in recent months due to hiring for the 2010 Census … [chart]
…The June report, however, will reflect many of those workers being laid off in
the past month. In May, 431,000 jobs were added, but without support from
temporary government hires, economists are predicting job losses in June. Last
week, consensus estimates were for a loss of 70,000 jobs for the month. By
yesterday, those estimates were downgraded further, to 110,000. With the help
of today’s ADP report, expectations have continued to fall: economists now
expect a reading of negative 125,000 …
Barron's: Why the Market Will Keep Sliding Perry D- Barron's has a nice summary of what the future may hold in its
"Up and Down Wall Street." It summarizes as well as anything I've
read recently where we're likely headed. Bugging the (stock) market is the increasingly
obvious disparity between what the Street's incorrigible cheerleaders see and
prophesy and what's actually happening in the real world...The double dip in
housing may or may not be a template of what's in store for the economy as a
whole. But at the very least, it is a precursor of other serious
disappointments destined to feed the unease among the jittery populace, which
most emphatically includes investors.
It cites the predictions of SDK Captial's Dee Kessler:
--the massive
fiscal and monetary stimulus so liberally applied in 2008-2009 is starting to
run out of steam, with financial conditions tightening and leading economic
indicators pointing to a stretch of "anemic activity."
--"structural
headwinds," such as public and private deleveraging, higher taxes, greater
regulation and trade tensions.
--the
well-publicized woes of the European bloc, which accounts for 20% of the
world's GDP, as further evidence that the global economy, as he puts it, is
downshifting.
--The period of
easy comparisons in corporate results, he says, is coming to a close,
--"Although
the fundamentals in the U.S., Europe and Japan are worse," Dee spots
plenty of downside in emerging markets and doesn't fancy the notion of
decoupling.
--Come another
financial crisis, "the only policy response left will be to print
money." Which, of course, is what the gold bugs are counting on and why
bullion has glistened so brightly.
That about sums
up the outlook. The nice insight here is that anxiety over future economic
malaise -- and the additional money printing that'll be done to mask it --
might be a bigger factor than current inflationary pressure behind the surge in
gold prices.
In other words,
for the deflation-believers: deflation today? Perhaps. But big-time inflation
tomorrow.
Disclosure: No positions
NY
Times’ Krugman: We Are Entering The Third Depression Recessions are
common; depressions are rare. [Correction: we’re already in a depression].
Stocks: Once More Up, Then the Big Down Smith -The
ingredients for a classic head and shoulders topping pattern in the stock
market are all present. That suggests one more rise and then a massive grinding
move down to 2009 lows. Officially, of course, everything's peachy with
the economy. Europe is fixed, China is booming, consumer confidence is rising,
and we are encouraged to resume our borrow and spend ways as the economy will
not "double-dip" into recession. The economy will not slide into
another recession, we are reassured constantly, even though roughly 80% of
Americans don't think we ever left the recessionary quicksand. Please see
"Two
Scoop Special": Double-Dip Recession Guaranteed (May 21, 2010) for
more … Exactly what drivers are there for future gains in corporate profits? I
can't think of any, short of Martians landing and going on a shopping spree
with gold they manufacture in their spacecraft. On the negative side, we have:
1. The rising dollar is a huge headwind to sales in the
eurozone and elsewhere.
2. The low-hanging fruit of pushing the workforce to produce more output for
the same salary/wages have all been picked.
3. The inventory build-out is done for everything but the iPhone 4 and iPad.
4. So-called "fiscal austerity" (when did living within one's means
become some sort of brutual "austerity"? Talk abour propaganda!) in
the eurozone and U.S. states will remove tens of billions of dollars from
corporate sales.
5. Global overcapacity is alive and well. There is overcapacity in everything
manufactured except the iPhone 4, and that will be in glut by 2011 as well.
6. Uncle Sam is not distributing trillions of dollars quite as freely. There
seems to be some glimmer of awareness that there could be consequences of
squandering trillions of borrowed dollars on essentially worthless projects
such as occupying Iraq, inflating the housing market by socializing the entire
mortgage market, propping up Fannie Mae, Freddie Mac and FHA, etc.
7. Housing is rolling over now that the socialized mortgage market has been
tentatively allowed to go off life-support (it is wheezing and turning blue in
the face, not signs of vibrant health).
8. There is no pricing power anywhere once stimulus-goosed demand declines to
organic demand (flat to down) …
Inflation, Deflation or Hyperinflation? (Part 2) (There are
charts, but no matter what the scenario posited, this time the territory’s
uncharted, and the debacle / crisis like no other owing to the advent of
computerization will have enabled an obfuscating tool of unprecedented
proportion [worthless paper, huge frauds as already extant], and a two-edged sword
in the most negative sense prospectively)
GREECE
UNDER NEWS BLACKOUT: Here’s How An Eyewitness Describes Today’s Riots There
are reports this morning of violent protests/riots in Greece, once again.
Here’s how a source on the ground describes the
situation. Target
Tehran? Israel, US ‘prepare to attack Iran’ Reports are circulating
that the U.S is amassing a greater military presence in the Middle East. The
alleged build up is also rumoured to involve the Israeli use of Saudi Arabian
air space. It’s thought by some to be in preparation for an attack on
Iran. Kucinich:
‘We are losing our nation to lies about the necessity of war’ In
Afghanistan, corruption is rife. It is so abundant, in fact, that a senior US
lawmaker declared on Monday that she’d be freezing $3.9 billion in Afghan aid
dollars until the situation is addressed. Turkey
bans Israeli military flight from its airspace as freeze deepens Turkey
has banned an Israeli military flight from its airspace in apparent retaliation
for Israel’s interception of the Free Gaza flotilla last month, in which nine
pro-Palestinian Turkish activists were killed.
Iran nuclear scientist Shahram Amiri
'flees US captors' BBC News - A man who says he is an Iranian nuclear
scientist claims to have escaped after being abducted by US agents. In a video
shown on Iranian state TV, he says he has escaped in the US state of Virginia
and is now on the run. Missing
Iran scientist says he escaped US agents: report Reuters
Turkey Asks Iran to Return to Table Wall
Street Journal
Momentum Book Update: The Market Is a Mess and the Long Bond Is
About to Break Out … Not only do us swing traders have to fight the urge
to chase price action up, but lay off the keyboard trying to catch falling
knives in the relative strength stocks which are holding up. If you tried to
buy support in your favorite names this week, you got your hands cut up. I’ll continue to rely on the understanding of my own
emotions as they have served me well. When we opened higher on Monday morning I
knew I was in the right place, cash, as the market was just way overbought. If
you bought most relative strength names last week, by the end of this week you
were well underwater. So where do we go from here? I’ve got no clue, the market is a mess, the charts are a mess, and the
long bond is about to break out. If that happens all bets are off, we could see
an “event”. If the smart money is lining up at the exits and moving into
bonds, there’s a good chance they see
something coming down the pipe …
SUITING UP FOR A POST-DOLLAR WORLD John Browne ‘The
global financial crisis is playing out like a slow-moving, highly predicable
stage play. In the current scene, Western governments are caught between the
demands of entitled welfare beneficiaries and the anxiety of bondholders who
fear they will be stuck with the bill. As the crisis reaches an apex, prime
ministers and presidents are forced into a Sophie's choice between social
unrest and bankruptcy. But with the "Club Med" economies set to fall
like dominoes, the US Treasury market is not yet acting the role we would have
anticipated. Our argument has always been that the US benefits from its
reserve-currency status, allowing it to accumulate unsustainable debts for an
unusually long period without the immediate repercussions of inflation or
higher borrowing costs. But this false sense of security may be setting us up
for a truly monumental crash. There is fresh evidence that time is running out
for the dollar-centric global monetary order. In fact, central banks outside
the US are already making swift and discrete preparation for a post-dollar
era.To begin, the People's Bank of China has just this week decided to permit a
wider trading range between the yuan and the dollar. This is the first step
toward ending the infernal yuan-dollar peg. While the impetus behind this
abrupt change remains a mystery, I have a sneaking suspicion that, as my
colleague Neeraj Chaudhary explained in his commentary
last week, the nationwide labor strikes were a prime motivator. In response to
the 2008 credit crunch, the Fed printed so many dollars that the People's Bank
of China was forced to drive Chinese inflation into double digits to maintain
the peg. The pain has fallen on China's workers, who have seen their wages
stagnate while prices for everything from milk to apartments have skyrocketed.
This week's move indicates that, regardless of its own policy motives, the
Communist Party can no longer afford to keep pace with the dollar's
devaluation. The result will be a shift in wealth from America to China, which
may trigger a long-anticipated run on the dollar, while creating investment
opportunities in China. Just days before China's announcement, Russian
President Dmitry Medvedev rattled his monetary sabre by telling the press of
his intention to lead the world toward a new monetary order based on a broad
basket of currencies. Giving strength to his claim, the Central Bank of Russia
announced that it would be adding Canadian and Australian dollars to its
reserves for the first time. Analysts suggest that the IMF may follow suit.
While Russia floats in the limbo between hopeless kleptocracy and emerging
economy, it does possess vast natural resources and a toe-hold in both Europe
and Asia. In other words, it will be a strategically important partner for
China as it tries to cast off dollar hegemony. Speaking of Europe, the major
powers there are moving toward a post-dollar world by rejecting President
Obama's calls to jump on America's debt grenade. The prescriptions coming from
Washington translate loosely to: our airship is on fire, so why don't you light
a candle under yours so that we may crash and burn together. Given that dollar
strength is largely seen as a function of euro weakness (as Andrew Schiff
discussed in our most recent newsletter,
debt troubles in the eurozone's fringe economies have created a distorted
confidence in the greenback. However, as you might imagine, Europe has higher
priorities than being America's fall guy. Led by an ever-bolder Germany, the
European states are wisely choosing not to throw themselves on our funeral
pyre, but to wisely clean house in anticipation of China's rise. In another
ominous sign for the dollar, the Financial Times reported Wednesday that after
two decades as net sellers of gold, foreign central banks have now become net
buyers. What's more, more than half of central bank officials surveyed by UBS
didn't think the dollar would be the world's reserve in 2035. Among the
predicted replacements were Asian currencies and the euro, but - by far - the
favorite was gold. This is supported by Monday's revelation by the Saudi
central bank that it had covertly doubled its gold reserves, just about a year
after China made a similar admission. There is no reason to assume these are
isolated incidents, or that the covert trade of dollars for gold doesn't
continue. To the contrary, this is compelling evidence that foreign governments
are outwardly supporting the status quo while quietly preparing for the
dollar's almost-inevitable devaluation. What people like Paul Krugman believe
to be a return to medieval economics may, in fact, be the wave of the future.
In peacetime, hardened troops will likely tolerate a blowhard general for an
extended period; but when the artillery opens up with live ordnance, an
ineffectual leader risks rapid demotion. The newspapers are now riddled with
hints that foreign governments have lost faith in Washington and the dollar
reserve system. It seems to me only natural that after a century of war,
inflation, and socialism, the next hundred years would belong to those people
who hold the timeless values of hard money and fiscal prudence. Unfortunately,
our policymakers are not those people.’
China's
Hu Jintao Says Group of 20 Must Coordinate to Consolidate Recovery Bloomberg … How about the G195
countries in the world collectively be considered in this task of
coordination owing to the abject failure of the so-called G20 which have in
lockstep coordination precipitated this global crisis including the war
mongering, war criminal acts of the so-called nato allies et als, particularly
the u.s., and as well the likes of war criminal nation israel which have never avoided
a contra-indicated, anti-recovery war / conflict they could contrive /
rationalize. The so-called G7, 8, 9, 20, etc., are a pathetic bunch of
incompetent vegetables / jokers / showmen / clowns.
One of those … Daaaaah!
Moments … Panetta says Afghan progress slower than
expected Los Angeles Times -
Days after President Obama installed a new US military commander in
Afghanistan, CIA Director Leon E. Panetta conceded Sunday that progress in the
war has been "harder" and "slower than I think ...
Panetta says Afghan insurgents show no real interest in
reconciliation talks Washington Post
CIA Retains Controversial Security Firm in Afghanistan Wall Street Journal CIA:
AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ...
New
York Times reporter calls Zionist terrorism ‘romantic’ A little-noticed
comment in a New York Times interview with Israeli opposition leader Tzipi
Livni has critics arguing that it shows the media has a “double standard” when
it comes to terrorism.
States
of Crisis for 46 Governments Facing Greek-Style Deficits Californians don’t
see much evidence that the worst economic contraction since the Great
Depression is coming to an end. Unemployment was 12.4 percent in May, 2.7
percentage points higher than the national
rate. Evans-Pritchard
Announces Fed Contemplating $5 Trillion QE Expansion In his latest column,
the Daily Telegraph’s A. Evans-Pritchard does a good job of recapping all the
various reasons why Bernanke has now completely cornered himself, and facing a
newly collapsing economy, is left with just one recourse: the printing of more,
more, more paper. History
Tells US The Euro Will Not Survive, Greece Will Get Worse, And There Will Be A
Trade Shock With the PBoC’s currency announcement last Saturday and
the surge (!) in the value of RMB on Monday (all very kindly timed to add zest
to my meetings this week in Boston, New York, and Washington), you would assume
that today’s entry would be all about the RMB and the effect of the PBoC
announcement.
The following is really the
quintessential question and issue, particularly in light of america’s defacto
bankruptcy and international law; but paramount humanitarian concerns alone
would militate against america’s current misguided course. Is Petraeus McChrystal’s Replacement or Obama’s? Paul
Craig Roberts | All of this drama is playing out despite the
continuing lack of any valid reason for the american invasions of Iraq and
Afghanistan.
Obama
Can Shut Down Internet For 4 Months Under New Emergency Powers President
Obama will be handed the power to shut down the Internet for at least four
months without Congressional oversight if the Senate votes for the infamous
Internet ‘kill switch’ bill, which was approved by a key Senate committee
yesterday Congressman
Rohrabacher: Almost All House Republicans Think Iraq War Illegal, Immoral Andrew
Napolitano’s new Saturday show on the Fox Business Network is set to send shock
waves through the political establishment this weekend when his guest –
Republican Congressman Dana Rohrabacher – reveals that almost all House
Republicans now believe that the invasion of Iraq was not only a mistake, but
also illegal and immoral. New
Financial Overhaul Gives Government Broad New Powers To Seize Financial Firms The
government would have broad new powers to seize and wind down large, failing
financial firms and to oversee the $600 trillion derivatives
market. Israeli
Leaders Sued in Belgium for War Crimes
U.N. confirms rise in violence in Afghanistan
Obama
Can Shut Down Internet For 4 Months Under New Emergency Powers Food
& Depopulation: Scams and Solutions Cassandra Anderson
| Beware of all NGOs and so-called “non-profit”
organizations. Congress
Votes to Impose Embargo On Iran Infowars.com |
Congress believes more punitive measures are required in order to punish the
Islamic state. G20:
Activists Arrested, Denied Entry into Canada Kurt Nimmo
| Charlie Veitch of The Love Police arrested, Luke Rudkowski and fellow
activists denied entry in New York.
Israeli
Leaders Sued in Belgium for War Crimes Former Prime Minister Ehud
Olmert, Israeli opposition leader Tzipi Livni and Defense Minister Ehud Barak
were among those charged with war crimes committed during the Gaza war in the
winter of 2008-09, the French daily Le Monde
reported. Congress
OKs sanctions on Iran’s energy, banks Congress on Thursday approved
tough new unilateral sanctions aimed at squeezing Iran’s
energy and banking sectors, which could also hurt companies from other
countries doing business with Tehran.
Cybersecurity
Measures Will Mandate Government “ID Tokens” To Use The Internet The
move to shut down and regulate the Internet, the only source of uncensored news
and truth, under a new government-controlled system has accelerated into high
gear with the announcement that the government’s cybersecurity strategy
revolves around issuing Internet users with ID “tokens” without which they will
not be able to visit websites, the latest salvo against web freedom which, in
combination with Senator Joe Lieberman’s ‘kill switch’ bill, will serve to
eviscerate the free Internet as we know it.
Turkey, the World Leader of Nations, bans israeli military
flight from its airspace as freeze deepens The Guardian -Turkey has banned an israeli military flight
from its airspace in apparent retaliation for Israel's interception of the Free
Gaza flotilla last month, in which nine pro-Palestinian Turkish activists were
killed. Turkey restricts israeli use of airspace CNN
International Turkey bars israeli planes ABC Online
netanayahu rules out apology to Turkey over deadly raid (AFP)
G-8
‘fully believes’ Israel will attack Iran, says Italy PM Haaretz | World
leaders “believe absolutely” that Israel may decide to take military action
against Iran.
Britain
will not defeat Taliban and should open talks, says head of Army London
Telegraph | Britain and its allies will not defeat the Taliban with military
force and should soon open peace talks with insurgents in Afghanistan, the head
of the Army said yesterday.
3 SIGNS OF A SUCKER RALLY AFTER
EXAMINING TECHNICAL EVIDENCE, SENTIMENT INDICATORS AND VARIOUS VALUATION
METRICS, IT BECOMES OBVIOUS THAT THE RECENT BOUNCE PROVIDES A SELLING, NOT
BUYING OPPORTUNITY ...’
Russell:
This Is One Of The Largest Tops In Stock Market History Richard Russell has grown very vocally bearish in recent
months. Earlier this year, Russell warned that the stock market was once again
becoming grossly overvalued despite its relentless new highs. Pragmatic Capitalism June 24, 2010 Richard
Russell has grown very vocally bearish in recent months. Earlier this year, Russell warned that the stock market
was once again becoming grossly overvalued despite its relentless
new highs. He has maintained that the bear market never ended and that
the world is far too indebted to exit the bear market. He also believes
the bear will not end until all fiat currencies have failed. Although I
disagree with him on many aspects of the micro I agree with his larger macro
outlook. This bear market is not over. The secular bear market
lives on. Mr. Russell thinks we might be on the verge of a terrible
collapse:
“We’re now in the process of
building one of the largest tops in stock market history. The result, I think,
will be the most disastrous bear market since the ‘30s, and maybe worse.
Question: “What
could possibly be behind such a bear market?” you ask. “The stock market is
stirring up optimism on a weekly, if not daily basis, by not falling apart.”
Answer:
This is the “rest” or “dead zone” I was talking
about. Bear markets don’t conclude in a day, a week or a month. Months will go
by, often adding to the bulls’ optimism.I think the key element behind this
great bear market will be the complete destruction of all fiat currencies. This
has been a long time coming. Fiat currencies are “wealth” created by man. They are created without
sacrifice, without labor, without risk, and without sweat. Basically they are
an immoral device, created by secretive bankers. If you watch the figures
carefully, you’ll note the subtle deterioration. For instance, the
advance-decline ratio, although up slightly for the week, had a relatively weak
performance with the Dow up several hundred points over the course of the week.
And we broke the trendline in May (see the chart below showing the cumulative
advance-decline line for NYSE Common Stock only, which is what we publish in
our figures (courtesy of DecisionPoint —
www.decisionpoint.com). The vertical lines are Jan 2008, Jan 2009 and Jan 2010
as you move to the right on the chart. [CHART] My
old friend, Bob Prechter, is talking about Dow 400. I used to think this was an
absurd joke. I no longer think it’s a joke. The ultimate result will be a
primary bear market shocking in duration and extent. …’
Reports:
IAF Landed at Saudi Base, US Troops near Iran Border Arutz
Sheva | The Israeli Air Force recently unloaded military equipment at
a Saudi Arabia base, a semi-official Iranian news agency claimed Wednesday.
It’s time for the world to take a close look at
the despotic, totalitarian regime that presently exists for the grandeur and
wealth of a few while hiding behind Islam as they betray same and Muslims
everywhere. The time has come for regime change in Saudi Arabia to yield a
nation of and for the people of Saudi Arabia and the glory of Islam.
[It should be noted, and there have been a multitude of other
instances, that I’m getting substantial ‘attacks’ vis-à-vis my internet
connection which has slowed dramatically these posts. I don’t think the
interference is either accidental or just coincidental but consistent with that
similarly experienced by critics of corrupt defacto bankrupt america of which I
am one and not alone in that regard – slowing, militating against the
devastating truth about america. It should be noted that yet another
attempt by the criminal american government and related partners in crime to
silence an unwavering critic (to really understand america is to not be able to
stand pervasively corrupt and defacto bankrupt america and her failed criminal
cohort nations / lapdogs, ie., uk, eu, israel, etc.), in contravention of first
amendment rights / protections, and as in the RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] to cover up substantial crimes in which the government was / is also
involved. Some delays but a work-around is in
progress. I won’t forget this and a price will be paid, as continues to be
true. (6-22-10)THE WORK-AROUND-IN-PROGRESS
I ALLUDED TO IS NOW FOR THE MOST PART SUCCESSFULLY COMPLETED BY WAY OF A DSL
CONNECTION AND A DELL COMPUTER.]
Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post | Obama has promised to hold Wall Street accountable for the
meltdown. Drudgereport: States Take
Aim at Pension Costs... ...Bank
failure pace more than double last year REPORT:
Madoff tells cellmates of $9 billion stash... they all have them … Cases
against Wall Street lag despite Holder’s vows to target financial fraud THOMAS
SOWELL: Is USA Now On Slippery Slope To Tyranny?
China To
Overtake USA In Manufacturing FT | The US remained
the world’s biggest manufacturing nation by output last year, but is poised to
relinquish this slot in 2011 to China – thus ending a 110-year run as the
number one country in factory production.
Housing
Double Dip Accelerates As Existing Home Sales Plunge -2.2% In May Versus 6.0%
Consensus, Down From 8% In April
When
will the SEC prosecute for market rigging? Michael Schmidt
| Are the large gold bullion banks working in collusion with the US Federal
Reserve to artificially torpedo the key rival to US dollar
hegemony? China To
Overtake USA In Manufacturing FT | The US remained
the world’s biggest manufacturing nation by output last year, but is poised to
relinquish this slot in 2011 to China – thus ending a 110-year run as the
number one country in factory production.
Connecticut
vegetable lieberman: China Can Shut Down The Internet, Why Can’t We … (great
logic from a totalitarian zionist)? Senator joe Zelig the zionist
israeli lieberman, co-author of a bill that would give President Obama a ‘kill
switch’ to shut down parts of the Internet, attempted to reassure CNN viewers
yesterday that concerns about the government regulating free speech on the web
were overblown, but he only stoked more alarm by citing China, a country that
censors all online dissent against the state, as the model to which American
should compare itself.
Mexican
drug cartel threatens to harm U.S. police officers who bust drug shipments
while off-duty New York Daily News | Mexican cartels
added a new twist to the drug war this week by threatening to kill U.S. cops
who seize their goods. Former
Israeli top spy calls for strike on Iran Israel should launch a
pre-emptive strike to prevent arch-foe Iran from going nuclear, a former head
of Israel’s Mossad intelligence agency said on
Monday. Israel’s
Planned Attack on Iran from Caucasus Base A week ago, Israel leaked
to the press that they had permission from Saudi Arabia to use their air space
to attack Iran. The Saudi’s quickly denied this.
$34
Billion Asset Manager Says Market Prices Are Manipulated, Accuses NYSE Of
Intellectual Property Theft, Debunks HFT “Liquidity Provider” Lies
Soros
Says ‘We Have Just Entered Act II’ of Crisis Bloomberg
| Soros said the current situation in the world economy is “eerily” reminiscent
of the 1930s. Gerald
Celente: U.S. Financial Markets to Collapse by End of 2010 Infowars.com
| Gerald Celente is a renowned trend forecaster, publisher of the Trends
Journal, business consultant and author who makes predictions about the global
financial markets and other events of historical
importance. Jobless
Claims in U.S. Decreased Last Week to 456,000 Bloomberg |
More Americans than anticipated filed applications for unemployment benefits
last week.
Market Outlook: Bearish Background to Bullish Storyline Sean
Hannon: ‘The last two weekly market
commentaries have discussed how the underlying trend of the market is now
bearish and all rallies should be used to sell stocks and reduce risks. With
nearly every news outlet spouting the bullish storyline, these articles served
as an outline of a disciplined investment strategy. Those who followed the
outline have done well as the Dow Jones Industrial Average (Dow), S&P 500,
and NASDAQ each declined over 5% since my initial warning. With the Dow still
stuck below the psychologically important 10,000 level and all three major U.S.
markets trading beneath their 200-day moving averages (MA), the bearish
backdrop is clear. Even if many are still looking for a rally, we should
understand that the primary trend is lower. Instead of focusing on how high
prices will rally, we should instead consider how much further prices can fall
…’
Greek
Default Seen by Almost 75% in Poll Doubtful About Trichet Global
investors have little confidence in Europe’s efforts to contain its debt crisis
or in European Central Bank President Jean-Claude Trichet, with 73 percent
calling a default by Greece likely. 12
Reasons Why The U.S. Housing Crash Is Far From Over Over the past
several months, many in the mainstream media have hailed the slight improvement
in the U.S. real estate market as a “housing
recovery”. US
Needs Austerity Too: Hedge Fund Strategist The United States will
have to adopt austerity measures similar to the ones taken in Europe, because
the problems faced are largely the same, Timothy Scala, macro-strategist at
Sophis Investments, told CNBC.com. Market
Analyst: ‘BP’s Not Going to Last as a Company More Than a Matter of Months’ We’ve
heard politicians, even conservative Republicans, suggest BP would be held
completely responsible for the devastation caused by the oil spill plaguing the
Gulf of Mexico, even if it means its very existence.
Israeli
Official Threatens to Kill Turkish PM Kurt Nimmo |
It is unprecedented for a top level state official to threaten a head of
another state with murder.
US
Media Terrified Of Mentioning USS Liberty Do you know that an
american naval vessel was attacked by israel in international waters, 43 years
ago today, resulting in the deaths of dozens of american sailors
Arab lawmaker on flotilla sparks outrage in israel (AP) -
An Israeli-Arab lawmaker's decision to join hundreds of activists on a
pro-Palestinian flotilla has elevated her from relative political obscurity,
transforming her into the poster child for the ...
Why To Question the 2010 Stock Market Rally [Why To Question the 2010
Stock Market Rally – Web Site Archived with Charts Click Here - In
the past year, we've written a lot about the similarity between the rally of
early 1930 and the one we had through April of this year. The early 1930 rally
came after the market had fallen nearly 50% in the fall of 1929. The spring
1930 rally took the market up nearly 50% again, to a level that was only about
20% below the previous peak. That rally, of course,
was also the biggest sucker's rally in history. After the market peaked in
April 1930, it crashed again, eventually ending up down 89% from the 1929 high
and more than 80% from the 1930 high. The
market did not reach the 1930 high again for another quarter of a century. The rally that recently ended in April 2010 came after
a crash that was actually slightly more severe than the 1929 crash (53% versus
48%). It took the market up nearly 80% from the low! The recent rally also
lasted longer than the 1930 rally did--a year, as opposed to 6 months … ]
REMEMBER:
In 1930, They Didn’t Know It Was “The Great Depression” Yet In the
past year, we’ve written a lot about the similarity between the rally of early
1930 and the one we had through April of this year. Investment
Banker: It’s Going To Get Nasty – Buy Land, Barbed Wire And Guns A
top investment banker has warned that the economic fallout of the sovereign
debt crisis could get so nasty over the next five years that people would be
wise to abandon the markets and instead buy land, barbed wire and
guns.
DEBT
POISED TO OVERTAKE GDP Key
Indicators of a New Depression Neeraj Chaudhary |
Great Depression II developing into something far more devastating than its
predecessor You’re Being Decieved
Infowars.com | We’re heading over an economic cliff and
there’s nothing the government can or will do about it except
lie. The
Folly of Blindly Trusting the Government
‘What Does China Want?’ They want to speak to Rosanne
Rosanna Danna, of course! ‘Asian markets tumble on fears over Hungary’
…Riiiiight! Hungary’s the thing! … Rosanne Rosanna Danna, formerly of SNL fame
wanted in Asia to chime in with what her mama always used to say, ‘ It’s always
something ‘ . Of course, it matters little to the frauds on wall street what
the something is said to be since the reality is … ‘This is a global
depression. This is a secular bear market in a global depression. This was a
manipulated bull (s***) cycle in a secular bear market. This has been a
typically manipulated bubble as has preceded the prior crashes with great
regularity that the wall street frauds and insiders commission and sell into.
This is a typical wall street churn and earn pass the hot potato scam / fraud
as in prior crashes.’ ( It should be noted, and there
have been a multitude of other instances, that I’m getting substantial
‘attacks’ vis-à-vis my internet connection which has slowed dramatically these
posts. I don’t think the interference is either accidental nor just
coincidental but consistent with corrupt defacto bankrupt america’s critics of
which I am one and not alone in that regard – slowing, militating against the
devastating truth about america.) Europe
is Heading for a Depression Despite a nearly-$1 trillion rescue operation,
financial conditions in the eurozone continue to deteriorate. All the gauges of
market stress are edging upwards and credit default swaps (CDS) spreads have
widened to levels not seen since the weekend of the emergency
euro-summit. Key
Indicators of a New Depression With the mainstream media focusing on the
country’s leveling unemployment rate, improving retail sales, and nascent
housing recovery, one might think that the US government has successfully
navigated the economy through recession and growth has
returned. Get Ready for a Double Dip … but many warning
flags point towards significant deterioration in the U.S. and global economy
going forward and so I think that by the end of the year or early 2011, we
could very well be facing a new leg down in the world’s economic situation …
[I’d say too optimistic since, to reiterate: This
is a global depression. This is a secular bear market in a global depression.
This was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn pass the hot potato scam /
fraud as in prior crashes.]
european
central banks intervened to shore up the ever more worthless euro, buying into
that fraudulent wall street b*** s*** story that that ‘s a good thing, rallying
stocks off their lows. It is amazing how dumb europe has become so quickly. An
exception is what I believe was Germany’s steps against derivatives, which
market according to a derivatives trader on the radio this day is a $40
trillion market (missed his name). To reiterate as applicable to yet another
fraudulent scheme previously stated, said market is paper on paper moving
around and generating commissions at lightning computerized speed but adding no
real value in real economic terms; again, the analogy of termites eating away
at the (nation’s) foundation is apposite. As such, that money has to come from
some real place and hence, the ever more frequent and larger crashes we are
seeing. Don’t forget that the worthless paper from previous such fraudulent
schemes now marked to anything is still out there in a magnitude some have
placed in the hundreds of trillions.
The
Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A
‘Virtual Certainty’ The stock of U.S. money as measured by ‘M3′
money supply fell to $13.9 trillion from $14.2 trillion during the three months
ending in April. [ This is still an extraordinarily
high level but … I don’t buy it. I believe the printing presses have been
working overtime to pump out ever more worthless fiat currency and with the
many trillions of worthless fraudulent paper still out there and marked to
anything. I further believe the same is being surreptitiously used to supplant
the fraudulent paper, the consequences of which will be devastating, of course,
as is invariably so in depressions in any event. This scenario would also mean
huge fraud accomplis. ] Fiat
Money Supply Contracting at Great Depression Level The bankster
operative who helped destroy Glass-Steagall is back. Larry Summers, Obama’s top
economic adviser, has told Congress to “grit its teeth” and approve a fresh
fiscal boost of $200 billion to keep growth on track, reports the Daily
Telegraph. Fiat
Money Supply Contracting at Great Depression Level Kurt Nimmo
| The Federal Reserve stopped publishing M3 figures back in 2006.
Sell in May and Go Away, Indeed [ I wasn’t
kidding; and, I’m still not kidding when I say: This is a great
opportunity to sell / take profits because there’s much worse to come! ]
Forecasts from Dent, Napier,
and then Prechter: Depression is Imminent The
Dow Jones Industrial Average will go down to at least 1000, most likely to
below 777 which was the starting point of its mania back in August 1982, and
quite likely drop below 400 at one or more times during the bear market.
10 Reasons to Worry About Margin
Growth … a good portion of these factors will likely impact
margins by the end of the year. I don’t believe this is adequately factored
into earnings estimates across the board. Given this, I believe we have seen
the highs for the year and next few quarters will be extremely volatile
...
Dow
Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The
End Of The Year Business Insider | “Pul – leeze, get out
of stocks now, and I don’t give a damn whether you have paper losses or paper
profits!”
The frauds on wall street et als should be criminally
prosecuted, jailed, fined and disgorgement imposed. If that were so, they
wouldn’t be worrying about who wins / loses since those who fraudulently play,
invariably would (and should) pay. If they’re not prosecuted, everyone
loses.
POST MORTEM AND REVIEW Ricky:
A post mortem is in order. The elements of this
worldwide con game are remarkably simple, not complex at all. Apparently you
only need a few things to make a mockery of the entire global economic system,
and big banks garnered these few important things through “regulatory capture”:
1) Unregulated, unenforced rules (particularly for
derivatives)
2) license to “mark to model” (assign your own values to your assets)
3) ability to peg present value to irrational expected future returns (based on
unlimited, exponential growth)
4) infinite leverage (no effective requirements for reserve capital in
unregulated “shadow” markets)
5) massive size, so that the bank is "too big to fail"
6) non-transparency and non-accountability.
SELL IN MAY AND GO AWAY!
THE FORECASTS:
Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009 instead of
2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Russell Napier is the author of the book “Anatomy of the Bear”, a professor at the
Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top
research houses in Asia. Napier’s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity
prices bottom at almost 50% below current levels (i.e. to 400 or less; the Dow
30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling
the end of the bear market, as it has done at the end of the four largest U.S.
market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Collapse Leading to End of U.S. Dollar as Reserve Currency
Robert R. Prechter Jr. is author of a number of newsletters and books including
“Elliott Wave Principle” (1978) in which he predicted the super bull market of
the 1980s; “At the Crest of the Tidal Wave – A Forecast of the Great Bear
Market” (1995) in which he predicted a slow motion economic earthquake, brought
about by a great asset mania, that would register 11 on the financial Richter
scale causing a collapse of historic proportions; and “Conquer the Crash: You
can Survive and Prosper in a Deflationary Depression” (2002) in which he
described the economic cataclysm that we are just beginning to experience and
advised how to position one’s self financially during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely to
below 777 which was the starting point of its mania back in August 1982, and
quite likely drop below 400 at one or more times during the bear market.
According to the Debt Clock:
• Total national debt: $13 trillion
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211
Click here to see the Debt Clock, which is updated every
second.
• Total personal debt: $16.5 trillion
• Total mortgage debt: $14.1 trillion
• Total consumer debt: $2.45 trillion
• Personal debt per citizen: $53,483
• Debt held by foreign countries: $4.07
trillion
http://www.usdebtclock.org
Get Real Time U.S. Debt Data
Go to following pages for
above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You
may post a comment on my blog on any topic: http://alpeiablog.blogspot.com
TED OLSON SEEKING TO
OVERTURN CALIFORNIA'S PROPOSITION 8, WHICH LIMITS MARRIAGE TO A MAN AND A
WOMAN. After shilling for the corrupt u.s. government as solicitor
general, maybe he just wanted to go straight [Just Kidding!]. There is no
immunity, judicial or otherwise for criminal acts. Moreover, there is no
sovereign immunity for non-governmental acts as would include
involvement in the illegal drug and related crimes, ie., bribery, etc.,
and the supreme court has so held against foreign nations in the context of the
RICO statute but in my RICO case olson the liar would shill otherwise, not that
he really had to worry in light of the pervasively corrupt and wastefully
costly federal courts which should be abolished.
NATION NEWS DIGEST: J.P. Morgan Chase
posts $4.8 billion profit (Washington Post) Yet another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected jump in continuing claims for unemployment, yesterday
the downward revision to previous market-frothing retail sales report and poor
retail sales and plunge in mortgage applications and then there’s the fed
minutes pointing to extended bad economy. Then there’s also now the ‘goldfinger
factor’ as in goldman’s middle finger. When you defraud for many billions, paying $550 million is
chump change. Goldman shares rocketed 5.5% in after-hours trading. No wonder
Goldman called it "the right outcome for our firm shareholders and
clients." (Absent
prosecutions, they’ll continue to do what comes natural to frauds on wall
street). Great opportunity to sell / take profits since much worse, also called
reality beyond the b*** s***, to come. Then there’s also the bad but typical
news; viz., previous retail sales, mortgage apps, economic outlook down, and
continuing claims for unemployment, deficits, trade / budget, up. (Just in:
7-16-10 Poll – only 43% of Americans approve of the Afganistan War, down from 52%
in January, 2010)
Pearlstein: Can
regulation beget innovation? (Washington Post) I believe the more seminal question to be,
whether american companies, consistent with overall american decline and
corruption in so pervasive a fashion, are capable of or inclined toward real
innovation where enhancements to productivity, as well as greater profits, is
the consequence as desired. Certainly there has been ‘innovation’ by the wall
street frauds in the types of (ultimately worthless / fraudulent) paper and
high frequency trade programs enhancing their bottom-lines but little else;
and, those cutting edge ‘weapons of mass destruction’ produced or financed
(israel) by america are hardly productive in the economic sense but innovative
and profitable in the short run, and unwise and nation-bankrupting in the
longer run which we’re in right now!
Hopes
… ah, yes, hopes … as in heroin high hopes, or high apple pie in the sky hopes,
or the u.s. ram that kept buttin’ that dam high hopes? Sounds like a plan!
Riiiiight! U.S. hopes Afghanistan-Pakistan trade deal
boosts cooperation in war effort: U.S.
… hopes more cooperation will aid war effort (Washington
Post, July 19, 2010)
Mideast DIGEST (Washington
Post, July 19, 2010) netanayahu
admits on video he deceived US to destroy Oslo accord The contents of a
secretly recorded video threaten to gravely embarrass not only Benjamin
netanayahu, the Israeli prime minister but also the US administration of Barack
Obama.
The
Obama Deception Number 1 on U.S. Google Trends
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines.
In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Censorship
Alert: Obama Deception Illegally Removed from You Tube Made to look like a hack, Thought Police
Block Mega-Viral Anti-Establishment Documentary After More than a Year of
Dominating Viewcounts, Ranking #1 in Search Engines and Waking Up Millions to
the False Left-Right Paradigm Perpetuated by Obama.
Public
confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and
hold lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to
typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie.,
Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’:
But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason:
The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ‘In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims
...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ):
‘THE OBAMA DECEPTION’ http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1
– well worth a
look. [ The
Obama Deception Number 1 on U.S. Google Trends ]
While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view. [ The
Obama Deception Number 1 on U.S. Google Trends ]
‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines. In light of
this development, I provide an archived site version which appears to be complete
(but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
Goldman
agrees to pay $550M (Washington Post) My own
skepticism based on the disparate numbers (the size of the frauds compared to
the relatively small fine) and as set forth in the initial reactions /
headlines that immediately follow has been allayed somewhat by an interview on
NBR with former SEC head Ruder who explained the very narrow scope of the
settlement which in no way shelters goldman from the huge frauds they have
perpetrated. So long as this is true in fact as well as law and in application,
the SEC deserves praise as has been so under the auspices of ‘Mother Mary’ who
appears to have the gonads lacking in prior SEC heads. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed.
Iran
connects U.S./israel to deadly blasts I believe Iran!
‘West,
israel linked to SE Iran blasts’ A
ranking official with the Islamic Revolution Guards Corps (IRGC) has implicated
“the us, israel and some european countries” in the deadly blasts in the
southeastern Iranian city of Zahedan.
De-classified
Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin Was A Staged False
Flag Event Over 1,100 pages of previously classified Vietnam-era
transcripts released this week by the Senate Foreign Relations Committee
highlight the fact that several Senators knew that the White House and the
Pentagon had deceived the American people over the 1964 Gulf of Tonkin
incident.
Wall
Street Is Laundering Drug Money And Getting Away With It Zach Carter
| Wachovia was moving money behind literally tons of cocaine from violent drug
cartels. It wasn’t an accident.
Vegetable
zionist Zelig joe lieberman’s Model For America: Purging The Internet of
Dissent When political Zelig joe lieberman attempted to justify draconian
legislation that would provide President Obama with a figurative kill switch to
shut down parts of the Internet, he cited the Chinese system of Internet
policing as model which america should move towards
Mideast Digest: Iran's Ahmadinejad
calls for regional solution to Afghan crisis (Washington
Post) And appropriately so, as leader of a nation in the region as opposed to
invading nations from outside the region (particularly as one targeted by assassins
the likely assigns of those outside the region).
One of those … Daaaaah!
Moments … Panetta says Afghan progress slower than
expected Los Angeles Times -
Days after President Obama installed a new US military commander in
Afghanistan, CIA Director Leon E. Panetta conceded Sunday that progress in the
war has been "harder" and "slower than I think ...
Panetta says Afghan insurgents show no real interest in
reconciliation talks Washington Post
CIA Retains Controversial Security Firm in Afghanistan Wall Street Journal CIA:
AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ...
GOP chairman: Afghan 'war of Obama's choosing' (AP) -
Republican chairman Michael Steele drew criticism from within his own party
Friday, including calls to resign, after saying the 9-year-old commitment of
U.S. troops to Afghanistan was a mistaken ... [Steele is quite right and wobama
and war facilitators deserve criticism; not Steele.]
Ex-Justice
official: CIA may have exceeded limits (Washington
Post) Wee doggies! This sounds like the
stuff that SNL Weekend Update ‘Really’ skits are made of; also fitting into
that list of queries as, ‘Is the Pope Catholic?’, ‘Do bears **** in the
woods?’, etc.. Come on! Wake up! This
is the kind of complicit cover-up / corruption found betwixt and between all three
branches of the u.s. government leading ineluctably to america’s current
decline and to which I’ve attested under penalty of perjury in the context of
the RICO litigation [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
].
Wall
Street Is Laundering Drug Money And Getting Away With It Zach
Carter | Wachovia was moving money behind literally tons of cocaine
from violent drug cartels. It wasn’t an accident.
There is really no way to
rationalize or attempt to justify what america is / has become since they have
with open eyes chosen this contra-indicated course of ineluctable decline, from
illegal wars, to war crimes, to backing war criminal nations as israel, to huge
frauds, to war profiteering, to illicit drug trafficking and money laundering,
and this list goes on and on …:
(Previously) I’d say this
alito vs. wobama is a tempest in a teapot inasmuch as alito is more than just a
lightweight, hack, liar, fraud etc., as set forth in the comments. alito is a
criminal who should have served / should be serving time in prison for
obstruction of justice, bribery, among other RICO violations. To alito, drug
money is as green as corporate money and worth his vote as well. In addition to
being an inept [I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO and
the court (I had known / previously met outside of court the judge Ackerman
through a client) was absolute bedlam and a total joke since incompetent
corrupt alito brought in all 20 mob defendants (rather than prosecute one or a
few to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches)] and
corrupt (see below and particularly the summary provided to the FBI under
penalty of perjury [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] ) u.s. attorney.
You’re naïve to think
that the so-called supreme court is any different from the rest of the
meaningfully lawless and pervasively corrupt american ‘system’. I knew well an
accomplished trial lawyer, fellow american college of trial lawyers / and a bar
examiner, who pondered from time to time becoming a judge “so he’d never have
to work again” – his words.
Some comments on
alito…all appropriate:
Probably the worst appointment in one
hundred years.
Posted by: mnjam
-----------------------
Really? That's a pretty sweeping
statement to make about someone who's only been on the court a short few years.
And I thought that liberals were in
universal agreement that Clarence Thomas was the worst appointment in all of
history?
Posted by: blert | January 28, 2010 2:11
AM | Report abuse
----------------------------
Yes. Really. Alito is a total lightweight and hack. He makes Thomas look like
John Marshall or Oliver Wendell Holmes. I KNOW ALITO.
Posted by: mnjam | January 28, 2010 2:24 AM |
the loser here is alito.lost his composure not good for a judge especially
afederal or supreme justice .loser big time this will live with guy for a very
time.roberts and the other justices will have a talk with him that is a
given.this relly larger than o one day news cycle.
Posted by: donaldtucker | January 28, 2010 1:12 AM |
Should Alito resign or be impeached?
Posted by: jdmca | January 28, 2010 1:05 AM |
Manchurian
Candidates: Supreme Court allows China and others unlimited spending in US
elections Greg Palast | Our future elections may
come down to a three-way battle between China, Saudi Arabia and Goldman
Sachs. Call
For Immediate Arrest of 5 Supreme Court Justices for Treason Gordon
Duff | The bloated corpse we are creating in Washington is emitting a
stench we can no longer abide. The aforesaid would be
shocking to anyone without a modicum of knowledge of the reality of pervasive
corruption within the u.s. courts themselves and america generally, including
all three branches of the u.s. government.
Ron
Paul: After ‘CIA coup,’ agency ‘runs military’ US House Rep. Ron Paul
says the CIA has has in effect carried out a “coup” against the US government,
and the intelligence agency needs to be “taken out.” I also personally
believe there has been a defacto coup d’etat which has manifested in
various substantial, blatant, brazened frauds, ie., wall street, missing 360
tons of $100 bills in Iraq, war profiteering, etc., without any fear of
prosecution, and of course concomitant decline for u.s. as the treasury is
looted. But I also believe its scope is beyond just the CIA with many complicit
within the corrupted 3 branches of u.s. government (fed judges, us attorneys,
illegal system, etc.) plus the military and private big money, ie., Goldman
Sachs / wall street men, etc., among other organized crime. america is defacto
bankrupt in every way!
Rendition:
Where the War on Terror Meets the War on Drugs Patrick Henningsen
| It’s time to ditch the policies we have come to tolerate for decades before
they consume what is left of our moral core. I’ve experienced the corrupt
inter-relationship of the government (all 3 corrupt branches) and the illegal
drug trade / obstruction of justice / bribery first hand, particularly the
courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice –
quid pro quo for his complicity / cover-up), feds; see immediately after
article excerpt for links / summary.
…“Evidence points to aircraft – familiarly
known as “torture taxis” – used by the CIA to move captives seized in its
kidnapping or “extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in the
Western hemisphere. A Gulfstream II jet aircraft N9875A identified by the
British Government and the European Parliament as being involved in this
traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in
Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags
containing 3.3 metric tons of cocaine. The origination of the Gulfstream’s
flight is unknown but it was destined for Cancun when it crash landed. Again,
here is the important point: that same Gulf Stream II was one of the very same
planes chartered to the CIA for the rendition of suspected terrorists
prisoners. Gulf Stream II crashed in Mexico with 3 tons of
cocaine on board ..it should not be surprising that this illegal practice of rendition
has in some part, been used as a well-run smokescreen for another
borderless illegal operation- an extremely lucrative international transfer and
delivery of cash and narcotics.,,These
flights are not subject to regular customs checks, inspections or normal
regulations as they move seamlessly between destinations in the US, Britain,
Europe, Middle East, Central Asia, Cuba and possibly through US bases in
Turkey, Greece and Morocco…
Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation.
NSA beats warrantless
wiretap rap A Federal judge has dismissed a complaint against the National
Security Agency’s (NSA)
Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and
corrupt costly bureaucracies.
There must be such things
as parallel universes (I don’t really believe that, because there isn’t) or how
else do you explain the disconnect between reality, current and prospective,
and the wet dreams posited to keep the war funding / corporate welfare programs
alive in collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much higher. Even
israel apologist Cohen of The Washington Post alludes to the Vietnam analogy.
However, even if there were real goals beyond the poppy / heroin trade which
the Taliban had all but eradicated (there isn’t); even if america wasn’t
defacto bankrupt (america is); even if america wasn’t killing innocent
civilians in large numbers (war criminal nation america is); even if america’s
allies haven’t similarly helped to bankrupt themselves by way of this war (they
have); even if I hadn’t told you so (I did) ….. this war still was, is, and
remains a very bad idea!
Afghan
war overtakes Vietnam to become the longest conflict in U.S. history Mail
Online | The war entered its 104th month yesterday, with 30,000
American troops being deployed in the first half of this year alone.
How
does anyone take the u.s. seriously in light of their credibility problems, war
crimes, etc.? What nuke technology israel didn’t steal from the u.s., the u.s.
gave them along with missile, armaments, etc.. and paid for with taxpayer money
that u.s. taxpayers and the defacto bankrupt nation don’t have.
It's time to expel
israel from the UN Without doubt, the israeli attack on the Gaza-bound
"Freedom Flotilla" in the dawn of Monday, May 31, 2010 is one of the
most savage crimes in recent history. It seems the ruling power in Tel Aviv has
been afflicted with a variant of mad cow disease; otherwise, how could it be so
cruel to unleash such a beastly raid on the "Mavi Marmara," the Turkish
flagship of a flotilla carrying medical and humanitarian supplies to the
hapless people of Gaza Strip?
The
israeli Spin-Machine in Overdrive: dershowitz to the Rescue? Armed
Israeli commandos, the elite of the elites, rappelled to the deck of a Turkish
ship carrying humanitarian relief supplies to the 1.5 million prisoners in the
Gaza concentration camp.
You
think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland, Director of
the Center on Peace and Liberty at the Independent Institute in Washington DC,
gives his opinion on new sanctions imposed on Iran.
I
include the first two comments to the foregoing headline:
Billo Says:
June 11th, 2010 at 6:15
am
Lunacy? Keep in mind
that this country is run and controlled by lunatics. Our press government and
military seem to take their orders from Israel. Isarel wants to be known as a
pack of “mad dogs. Do we want “mad dogs” controlling us?
Here we see a bunch of phony accusations against Iran just
like we did in the run up to the bogus wars in Iraq, Afghanistan and now
Pakistan. The boy has cried wold ten thousand times. It’s time to identify the
“lunatics” and kindly take away the car keys. If you won’t let your friends
drive drunk, why do we let a bunch of “lunatic” enemies run this place.
Glen Reply:
June 11th, 2010 at 6:47
am
Lunacy it would be.
But it is also to their
great credit that the Iranians have not made their own threats.
Everyone knows there are
3 WMD threats, Nuclear Biological and chemical. The scariest of which is
Biological.
Any attack done under
the threat of immediate biological retaliation would deter only the insane.
Watch out america home
of the insane, home of the leaders who want an 80% population reduction.
General
McChrystal’s Burning Contempt for the Puppet Obama The farce that is the
war in Afghanistan is coming apart at the seams. General Stanley McChrystal’s
sharp comments about Obama, Biden, and the administration published by Rolling
Stone are not so much about disrespect, as the script-reading corporate media
talking heads would have it, but rather about a policy in disarray in
Afghanistan.
Gaza blockade illegal,
must be lifted — UN rights official Israeli blockade of Gaza
unsustainable: White House US Jewish opinion
and the ‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued that US
foreign policy has been hijacked by organized Zionism went strangely unnoticed
by the leading journal of American intellectual opinion, the New York Review of
Books. Doubts Grow Over Israel’s Value as U.S. Ally Jim
Lobe | The notion is that Israel and its actions have since the Cold
War increasingly become a “strategic liability” to U.S. interests in the
region.
The yardarm is the
remedy Dozens of our friends and comrades, of wonderful compassionate
activists are dead and wounded in the pirate attack in the high seas on
humanitarian aid boats. This is a dreadful crime that will forever be
remembered and should be punished. The Israeli pirates attacked the
humanitarian aid Freedom Flotilla in the international waters over 150 km out
of their territorial waters. The boats carried no arms; the participants
strictly adhered to Ghandian mode by asking the Greek and Cyprus authorities to
search the boats to avoid later claims that they were armed.
A
Plague Upon The World: The USA is a “Failed State” Dr. Paul
Craig Roberts | The American people are lost in la-la land. They have
no idea that their civil liberties have been forfeited. US
citizen killed on flotilla reportedly shot four times in head Raw
Story | A forensic report said Furkan Dogan was shot at close range,
with four bullets in his head and one in his chest, according to the Anatolian
news agency. The explanation foisted off on the americans by war criminal
israelis is probably something on the order of ‘they just wanted to make sure
they missed him’. Roberts:
‘AIPAC purchases US elections’ Russia Today | Paul
Craig Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US
funding terrorist group against Iran’ Press TV | A
member of a terrorist organization operating in Iran says that a US State
department radio station originally put him in touch with the group.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-à-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed,
prosecuted, and/or ruined; and, hasn't anyone asked how "wall street"
has been "spared the spotlight" (and even was accorded protective
legislation from their criminal culpability) and focus of inquiry, attention,
and prosecution despite being the primary beneficiaries financial and otherwise
of these scams (you know the wall street motto, "churn and earn";
huge conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear weapons
as the international community meets at the United Nations in New York this
week to consider banning such arsenals from the Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.”
buzz
aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he
already has the footage in the can since you won’t be able to use the moon footage for the new boondoggle video
...
OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com - - CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld
New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece
of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have
already done this so it’s not as if they’re starting from ‘ground zero’, so to
speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware
say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might
want to mate with astronaut Paddy Ross who has returned from Mars as a space
alien host body.
First fake moonwalker blasts Obama's space plan msnbc.com - -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a piece of petrified wood ... Another piece of evidence
that shows again that apollo program is indeed a fake and a typical american
fraud!
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.
War
in Afghanistan and Iraq costs America $1trillion From the Old
| On May 30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and
Iraq. Sinking
of the Cheonan: A Classic False Flag Operation Russia Today
| Sinking of the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from the dire
economic situation at home.
. Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international media, is
attempting to spin today’s deadly IDF assault on a humanitarian aid ship
carrying supplies to Gaza as the fault of the murdered activists on board the
vessel, ludicrously characterizing machine-gun carrying Israeli troops who
killed over a dozen innocent people as the victims of the incident.
Murder on the high seas
JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at
least 10 rights activists were killed, triggering a diplomatic crisis and an
emergency session of the UN Security Council. European nations, as well as the
United Nations and Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza Strip
Israeli
American Microbiologist Linked to Deadly Fungus Kurt Nimmo
| A report links labs in the United States and Israel to the Cryptococcus gatti
fungus that has killed several people in the United States.
Iraqi
doctors demand cancer probe Al Jazeera | Iraqi
doctors believe depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too true and
real; and I’m surprised this hasn’t gotten more attention, coverage … well,
maybe not that surprised ].
"What
this means is that Neanderthals are not totally extinct. In some of us, they
live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the distinction,
without a difference). Actually, prior to studying the compelling subject
of Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are. Parenthetically,
I wonder what that anthropological scientist Heidi Klum thinks on the subject.
Neanderthals, Humans Interbred, DNA Proves
Signs of Neanderthals Mating With Humans -
Neanderthals mated with some modern humans
after all and left their imprint in the human genome. Genome
hints humans, Neanderthals rolled in prehistoric hay
You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals
and people interbred, fossil analysis finds For more info on man’s
humble beginnings, see
here
http://www.albertpeia.com/anthroindex1.htm
Previously
I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN....
These stories, and the many like it, are old news and I subscribe to the more
studied view that there is no “missing link” per se and in my view they are distinctions
without significant differences. I previously wrote:
To
Learn More About From Whence Man Came, This Link's For You
[To the
Professor at the beginning of the course]
10-5-09 Postscript:
Professor *****,
I felt compelled to thank you again for the add; not to curry your favor but
indeed to express profound thanks inasmuch as this is probably the last formal
course at a formal educational institution I'll ever take; and among the most
important. While I had bought at discount a library-discarded 1993 Anthropology
by Embers text, though meaning to read same never quite got to it. I am
astounded by the substantial amount of time involved in the evolutionary
process, not that I ever stopped to think about it, and one must come away with
the sense of 'and all that...for this?'. This course should be required
curriculum along with psychology, sociology, etc., but probably won't be owing
to what is, as it should be, a very humbling educational experience for any
member of the human race.
Regards,
Al Peia
[Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological Anthropology remain
what I believe to be the correct scenario. Specifically, very simply stated,
for the most part, the more “enlightened” (but not by much; by mutation,
accident, luck, intervention, etc.) left the unvarying confines of their
Sub-Saharan origins, experienced diverse new environs, challenges, etc.,
experienced what has been described (by neuroscientists, psychologists, etc.)
as neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.]
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Don’t
Tread On Me: A Refresher Course on the Constitution
Sen. Levin urges State Department to put
Afghan Taliban on list of terror groups (Washington
Post) Oooooh! … Sounds like a plan … and emanating from washington (and a thriving
Michigan jew no less) … who says they don’t do anything? … And, consistent with
that apocalyptic vision set forth in the Bible [albeit a book of truth from a
very limited perspective (for which literal interpretations are misleading);
after all, the Wise Men thought it was a movable star that was guiding them and
shone the bright ‘spotlight’ upon the manger with the Christ]; the jews and
some other entity against the rest of the world for that final Armageddon … oh,
they’ll make that happen … it gets them through their day with every step
closer to apocalypse but not to the place called heaven will they go. The end
of this world? You might say america / israel / and theirs are feverishly
working on just that, one way or another!
Roman Polanski freed after Swiss reject U.S.
extradition request (Washington Post, July 13, 2010) Without diminishing in any way the seriousness of the crime, this
result is the direct consequence of the growing global recognition of the
pervasiveness of corruption in american courts, state and federal, and america
generally; so much so, that said corrupt american courts cannot be relied on
anywhere, anytime. Indeed, my own sampling, though hardly random to be candid,
is 5 for 5 (new jersey, new york, connecticut, virginia, california)
pervasively and egregiously corrupt to the point where these costly, corrupt
bureaucracies should be abolished and supplanted with alternatives as I’ve
previously set forth in prior comments.
BUDGET
CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... [Judge sends Lohan to jail for probation violation (AP) – They
got her! That globe-trotting danger / threat to society, the infamous public
enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe.
How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer,
armed robber, etc., she would have had the pre-paid connections to avoid this
preposterous (known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing to budgetary
considerations. ]
ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND
EXPERIENCE . (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST
"CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:
·
Response
to App. Div. OSC
·
STATE
OF CALIFORNIA ethics complaint
·
Response to Sup.Ct. OSC
·
designation of record on
appeal
·
The so-called
"order" appealed from.
How embarrassing for the superior court of the state of california!
·
Typical
corrupt banana republic america/california court
Dirty
money digitally laundered … a wall street, atlantic city, and american story …
a very bad one and [also see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Fraud:
It’s Much Bigger Than Goldman Sachs Regulatory
reform debate obscures key fact: Everybody’s getting money bribes from Wall
Street
Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare
moment for one to say that a sleazy hypocrite like blago, who is on corrupt
federale-connected mobster trump’s celebrity apprentice, happens to be correct
based upon facts / reality and my own direct observation and experience and the
law – Don’t forget to include corrupt federal judges as maryanne trump barry,
sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt
america’s so-called system is pervasively corrupt and broken] (AP)
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Go to following
pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You may post a comment on my blog on any topic: http://alpeiablog.blogspot.com
Drudgereport:
KRUGMAN:
'We are now, I fear, in the early stages of a third depression'...
STOCKS HIT LOWEST OF YEAR...
DEBT
SOARS TO HIGHEST LEVEL SINCE WWII...
PRIVATE SECTOR SEES WEAKER JUNE JOBS...
Sputtering...
Dow Loses 10% in Q2...
Fed
Officials Express Caution on Outlook, Avoid Talk of Further Stimulus...
NEW CLASHES IN ATHENS...
Greeks
Walk Off Job...
NEARLY
2,000 PAGES: The legislation would redraw how money flows through economy...
Bank stocks soar … see new old opportunities for new old
frauds ...
buzz
aldrin wants to colonize Mars … Riiiiight buzzed! Better check with Dipalma to
see if he already has the footage in the can since you won’t be able to use the
moon footage for the new boondoggle video ...
WSJNBCNEWS:
Confidence Waning in Obama, U.S. Outlook...
SCARY
OBAMA: 'VERY DIFFICULT CHOICES AHEAD' ON DEFICITS
CHICAGOLAND BOMBSHELL: Obama knew plot to trade Cabinet post
for appointing Jarrett to Senate -- Testimony...
RAHM DELIVERED THE LIST...
BLAGO TAPE: Get Obama to fundraise from Buffett, Gates...
Greece puts its islands up for sale in futile attempt to save
economy...
DEUTSCHE BANK says US financial conditions are worse...
New
home sales plunge 33%...
Record
low...
CIA:
AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ...
GEN.
PRAYFORUS
JUNE:
DEADLIEST MONTH...
Obama's
choice suggests longer troop presence...
Obama doubles down
on war...
New General,
Old Strategy...
President's real problem: War plan in trouble...
WIRES:
Gen.'s remarks echo troubled strategy...
'Doubt
among soldiers that counterinsurgency will work'...
REPORT: Traded Favors with Blago...
Sticker
Shock Among Dems Jeopardizing Obama's Agenda...
CHINA
TO OVERTAKE USA IN MANUFACTURING...
Canada's
economy suddenly the envy of world...
Germany
Rejects Obama's Call on Growth, Stoking G-20 Conflict...
States Take
Aim at Pension Costs...
...Bank
failure pace more than double last year
REPORT:
Madoff tells cellmates of $9 billion stash... they all have them … Cases
against Wall Street lag despite Holder’s vows to target financial fraud
FANNIE
AND FREDDIE tab 146B and rising; Foreclosed on home every 90 seconds...
THOMAS
SOWELL: Is USA Now On Slippery Slope To Tyranny?
DEBT RISE TO
$19,600,000,000,000.00 BY 2015
GALLUP: NEW LOW FOR O, SLIPS TO 44%...
POLL:
Voter support for Congress at all-time low...
GALLUP:
Obama's Weekly Job Approval Rating Skid...
RASMUSSEN
POLL...
Obama
Approval Falls to New Low: 42%
Obama
Approval Index: -20
Strongly
Approve 24%
Strongly
Disapprove 44%
Total
Approval 42%
UN rebukes of
Israel permitted in US policy shift...
DEBT
POISED TO OVERTAKE GDP
WH
PRESS QUEEN: JEWS GET OUT OF ISRAEL, GO BACK TO POLAND … UPON REFLECTION, A
GOOD IDEA … AFTER ALL, THE ENGLISH BALFOUR DECLARATION WAS A PRO-COMMUNIST
CONCESSION, A BAD IDEA, AND THE CREATION OF ISRAEL U.S. DOD CHIEF JAMES
FORRESTAL OPPOSED IN 1948 AS AN AMERICA KILLER!
'Three
Cheers for Helen Thomas'...
Census
Worker Claims Job Numbers Being Inflated...
Bilderberg
2010: Between the sword and the wall...
Protesters
'being detained, searched, questioned'...
Final
List of Participants...
Stephen Hawking: Aliens exist but don't talk to them --
it's too dangerous … might not like us… Oh pshaw! … Human nature, man’s
inhumanity to man? … Such humble beginnings and evolutionary history …
What’s not to like? … Besides, not to worry. With their advanced
technologies that defy human understanding, the aliens already know you’re here
… to stay. So, not to worry. After all, as we know from that documentary of
that same name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on
earth in a very big way also going for it! ...
Seeing
Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen; at best,
decades.