Business / Economic / Financial

[ This link to a somewhat more cumulative blog posts page will precede current days news since most all topics remain current in terms of impact and longer-term effect and can be searched by topical index term more easily. The same is provided since the blog site http://alpeiablog.blogspot.com has just been censored as to size by google which is typical for google as nsa / cia / gov’t shill as more are becoming aware of. The same is true for microsoft, another co. that’s seen their best days and relies on the government to maintain their monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and clarity thereby while the Washington Post page is the real deal but without formatting http://www.washingtonpost.com/wp-srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia ]

Are You Ready For How Bad It Will Get? Graham Summers | ‘There are numerous components in the latest GDP number that are extremely suspect. The vast majority of investors are going to be taken to the cleaners. I realize this view is far from the consensus. Even those who are in the bear camp aver that the Stimulus did in fact bring us out of recession at least temporarily.

However, I would strongly contend that the recovery was in fact non-existent for the following reasons:

1. The Government data used to validate the recovery (GPD, unemployment, etc) is clearly massaged if not bordering on outright propaganda

2. We are in fact in a depression and the “recovery” was simply a bounce in economic activity taking place within the context of a larger economy contraction

Regarding #1, every Government data point used in promoting the “recovery” had some degree of fudging in it. Let’s consider GDP for instance.

There are numerous devious tactics used to overstate GDP growth, however, the most obvious gimmick the BLS uses is overstating GPD growth in the present and then revising it lower in the subsequent quarters.’

AP BUSINESS HIGHLIGHTS ‘Homebuilder confidence sinks for 3rd month WASHINGTON (AP) -- Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties kept people from buying new homes. The National Association of Home Builders said its monthly index of builders' sentiment about the housing market fell to 13, the lowest reading since March 2009. The index is adjusted for seasonal factors. Readings below 50 indicate negative sentiment about the market. The last time the index was above 50 was in April 2006…’

Celente: Stock Market Crash Before End of 2010 Gerald Celente believes that the stock market will crash before the end of 2010 , gold will soar.

YAHOO [BRIEFING.COM]: ’ Last week's near 4% loss made for a bit of a hangover Monday morning as stocks opened with a loss. An early bounce helped the broader market improve its position, but it still finished flat. Early participants were dealt few trading cues. Among the more notable headlines, there was lower-than-expected annualized second quarter GDP of 0.4% in Japan, renewed selling in Europe, a slightly smaller-than-expected rise in the August Empire Manufacturing Index to 7.1, and an earnings miss from home improvement retailer Lowe's (LOW 19.70, +0.11)…’

The Not-So-Brave New World of QE Whitten ‘The path of global markets going forward could well be determined by policy makers and politicians, not by natural economic incentives or the self-elightenment of "Mr. Market." Yet investor faith in the Fed, particularly as regards the effectiveness of its QE program, may be sorely misplaced. In the not-so-brave new world of QE, hedge funds, billed as some of the smartest risk takers on Wall Street, are beginning to look like ultraconservative Midwest pension funds, piling into treasuries and "safe" big-cap blue chips. According to Greenwich Associates, hedge fund trading volume in US treasuries surged by more than 70% in the past year as they focus their attention on more liquid assets. (Hedge Funds Pile into the Treasury Bond Market). A Bloomberg article notes the parallels between the Fed's actions and the failed policies of the Bank of Japan, with the US Fed predictably insisting that it isn't following the Japanese playbook … US Banks Still Hiding Losses A recent post by Edward Harrison in Seeking Alpha flatly states that the U.S. banking system as a whole is probably insolvent. (US Banks Still Hiding Losses). This is exactly what was said of Japan’s banking system before 2003. According to Harrison, "The likely future losses of loans and assets already on balance sheets at U.S. financial institutions, if incurred today, would reveal the system as a whole to lack the necessary regulatory capital to continue functioning under current guidelines.” …’

From Good to Mediocre ‘Through last Friday, 2,127 US companies had reported quarterly numbers this earnings season. What started out as a strong earnings season is going out with a whimper (earnings season ends tomorrow with Wal-Mart's report)…’

10 Signs The U.S. is Becoming a Third World Country Activist Post | Key economic indicators point to a situation potentially worse than the Great Depression.

“Surprisingly” Bad Economic News Bob Livingston | Have you noticed how often the elitist “economists” in government, academia and the media are surprised by bad economic news?

Are You Ready For How Bad It Will Get? Graham Summers | There are numerous components in the latest GDP number that are extremely suspect.

Without a Revolution, Americans Are History The United States is running out of time to get its budget and trade deficits under control. Despite the urgency of the situation, 2010 has been wasted in hype about a non-existent recovery. As recently as August 2 Treasury Secretary Timothy F. Geithner penned a New York Times column, “Welcome to the Recovery.”

Treasuries, Gold Rally as Stocks Retreat on Economy Concern Treasuries rallied, sending 10-year yields to the lowest level in more than 16 months, while stocks retreated and gold rose following reports showing weaker-than- forecast growth in New York manufacturing and Japan’s economy.

How Goldman Sachs Is Screwing Over Other Banks In The Coming GM IPO As if its rivals didn’t have reason enough to hate Goldman Sachs (GS), they’ve just been given one more reason.

China Favors Euro Over Dollar as Bernanke Alters Path Bloomberg | China, whose $2.45 trillion in foreign-exchange reserves are the world’s largest, is turning bullish on Europe and Japan at the expense of the U.S.

(8-16-10) Dow  10,302 -1 Nasdaq  2,182 +8 S&P 500  1,079 –0- [CLOSE- OIL $75.24 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $2.74 (reg. gas in LAND OF FRUITS AND NUTS  $3.11 REG./ $3.26 MID-GRADE/ $3.35 PREM./ $3.69  DIESEL) / GOLD $1,217  (+24% for year 2009) / SILVER $18.11 (+47% for year 2009) PLATINUM $1,523 (+56% for year 2009)  / DOLLAR= .77 EURO, 85 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.58% …..…   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!

High Probability for Lower Market Prices Ahead ‘…Economic numbers being what they are (very poor), we should expect a downward revision of second quarter GDP to 1.5% from the originally disappointing number of 2.4%. As more data is being released it is apparent that we are witnessing even further deterioration here in the third quarter…We may have reached a tipping point where many are tired of others being the benefactors of taxpayer money …’

Gold Providing Safety During Market Downturn ‘ … The death cross occurs when the 50 day moving average crosses the 200 day moving average on the downside. These patterns, when combined with other technical indicators can predict major market downturns…THE ODDS OF A LONG TERM DOWNTREND ARE BECOMING HIGHLY PROBABLE. THESE SIGNALS COULD POSSIBLY INDICATE THE START OF A TWELVE TO EIGHTEEN MONTH DOWN CYCLE. Gold, on the other hand, has shown great relative strength despite the general markets correcting and negative sentiment about the economy from Washington…’

Pension check may not be in the mail Chicago Tribune | Illinois public employees who think the state constitution guarantees that they’ll get all their pension benefits

Back to School? Bring Your Own Toilet Paper New York Times | “The first time I saw it, my mouth hit the floor,” Emily’s mother, Kristin Cooper, said of the list, which also included perennials like glue sticks, scissors and crayons.

An Argentina-like Economic Crisis Scott Strzelczyk | The United States’ economic decline precariously resembles Argentina’s economic collapse.

U.S. Economy Near Point of No Return Dan Weil | The Federal Reserve’s decision to expand its quantitative easing by purchasing more Treasuries is a dangerous one.

Obama Says Private Accounts Would Endanger U.S. Social Security Benefits President Barack Obama said Republican proposals to have people invest Social Security benefits in private accounts would increase the U.S. budget deficit and put retirement money at risk to “the whims of Wall Street traders.”

The Trade Deficit Nightmare When they hear the word deficit, most Americans immediately think of the U.S. government budget deficit which is rapidly spiralling out of control.

Fed Official Admits the Fed Starts Boom/Bust Cycles There are all kinds of things awry with this article…

Fed’s Hoenig: Keeping Rates Too Low ‘Dangerous Gamble’ The Federal Reserve is undertaking a “dangerous gamble” by keeping rates at near zero for so long, and must start raising rates or risk damaging the nascent U.S. recovery, a top Federal Reserve official said on Friday.

Will Quantitative Easing By The Federal Reserve Unleash Economic Hell? The Economic Collapse | Most of the folks populating Congress are so incompetent that they should not even be hired to mop the floors of a Dairy Queen.

China surpasses Japan as world's No. 2 economy Washington Post

HK stocks seen lower; property in focus HONG KONG, Aug 16 (Reuters) - Hong Kong stocks are set to open weaker on Monday after the local government announced new measures to cool the property market as prices head for historic highs.

Dr David Kelly was on a hitlist, says UN weapons expert as calls grow for full inquest Mail Online | Dr Richard Spertzel claimed Dr Kelly was on a ‘hitlist’ in the final years of his life.

Iran Attack This Week? Kurt Nimmo | John Bolton and the neocons refuse to accept that Iran’s facility will produce nuclear energy and insist it will be used to create nuclear weapons.

The Hidden Tragedy of the CIA’s Experiments on Children Shortly after deciding to initiate her own LSD experiments on children, Bender attended a conference sponsored by a CIA front group, the Josiah Macy Foundation.

Shilling for War on Iran I guess I was naïve in thinking that The Atlantic and its American-Israeli writer Jeffrey Goldberg might shy away from arguing for yet another war — this one with Iran — while the cauldrons are still boiling in Afghanistan and Iraq. Even world-class chutzpah must have its limits, I had thought.

U.S. Economy Near Point of No Return Dan Weil | The Federal Reserve’s decision to expand its quantitative easing by purchasing more Treasuries is a dangerous one.

Will Quantitative Easing By The Federal Reserve Unleash Economic Hell? The Economic Collapse | Most of the folks populating Congress are so incompetent that they should not even be hired to mop the floors of a Dairy Queen.

Drudgereport: O FALLS TO NEW LOW AT GALLUP DAILY...
China overtakes Japan as No. 2 economy...
China Favoring Euros Over Dollars...
'Without a revolution, Americans are history'...
NEWSWEEK: World's Best Country: Finland [USA #11]...
House to cut food stamps to fund Mrs. Obama's 'let's move' initiative...
Banks to benefit most from White House effort to fight foreclosures...
Petraeus: 'We're doing everything we can' …[Sounds like a plan!]...
Builds Case for 'Success' in Afghanistan …[If only words could make it so!]...
Karzai asks Obama for review of war...
Foreign troops deaths pass 2,000...
MYSTERY: West Wing of White House covered in tarp...
Harvard University fund sells all israel holdings... … UPDATE: Harvard insists israeli shares sale not driven by boycott...
GOOGLEVERIZON Deal: Fears for Privacy...

HOW TO BEAR MARKET PROOF YOUR PORFOLIO Simon Maierhofer, On Friday August 13, 2010, ‘… The 22 trading days following the April 26 market highs erased eight months worth of gains. Bear markets move much quicker than bull markets.

Rule #1: Better too Early than too Late

When preparing for a bear market (we'll discuss in a moment why we have been preparing for a bear market), it is prudent to start early. Anyone who sold their long positions as early as September last year would be in a better position than the buy-and hold crowd that is still clinging to their holdings.

Rule #2: Don't Trust Wall Street and the Media

By now, even the mainstream media is sensing that something might not be quite right with the market's performance. However, there is still hope that the second half of the year will get a lift from positive earning results. Before you bet your money on that line of reasoning, consider the picture the media painted days within the April 2010 market top.

April 19, 2010 'America is back - The remarkable tale of an economic turnaround' – Newsweek
'Recovery tilting to V-shape as profits prompts growth revision' - Bloomberg

April 25, 2010: 'U.S. stocks cheapest since 1990 on analyst estimates' – Bloomberg
'Technical Analysts see room to roll' - Wall Street Journal

April 27, 2010 'Greece contagion fears unfounded' - Reuters

May 3, 2010: 'Manufacturing in U.S. grows at fastest pace since 2004 as recovery gains traction' - Bloomberg

Over the past two and a half months, the S&P (NYSEArca: SPY - News) and Dow (NYSEArca: DIA - News) have lost as much as 17%. A 20% loss is considered the mark of a new bear market. In essence, we are only one bad day away from the next bear. Of course, throughout the massive bear market rally from the March 2009 lows, which the ETF Profit Strategy Newsletter predicted via the March 2, 2009 Trend Change Alert, the newsletter maintained that it was only a bear market trap which would fool a majority of investors. On April 16 it stated that 'Most bulls have no clue why they are bullish except for the fact that they feel the need to play the momentum game. Sounds like 2000 and 2007 all over again. The message conveyed by the composite bullishness is unmistakably bearish.'

Rule #3: Don't Underestimate Cash

In a period of falling prices, cash or cash equivalents like short term Treasuries (NYSEArca: SHY - News) maintain your purchasing power - long-term Treasuries (NYSEArca: TLT - News) are interest rate sensitive and may move faster than you think. When stocks fall and you are able to maintain your purchasing power, you are able to buy stocks at a discount. In essence, cash offers a positive return in periods of falling prices. Additionally, or alternatively, investors may choose to buy short or leveraged short ETFs such as the Short S&P 500 ProShares (NYSEArca: SH - News), UltraShort Russell 2000 ProShares (NYSEArca: TWM - News) UltraShort S&P 500 ProShares (NYSEArca: SDS - News), Short Financial ProShares (NYSEArca: SEF -News), Direxion Daily Financial Bear 3x Shares (NYSEArca: FAZ - News) and many more.

Rule #4: Don't Procrastinate

On May 14, the ETF Profit Strategy Newsletter predicted that the S&P (NYSEArca: IVV - News) will fall through the important 1,040 resistance level. Aside from a small cluster of resistances (one being round number resistance), a break below 1,040 opened the door wide for significantly lower prices. We mentioned above that we've been preparing for a reemerging bear market even before the April highs. Why? Simply put, stocks are overvalued. How can that be? One of the above headlines read that U.S. stocks are cheapest since 1990, at least according to analyst projections. The key word is projections. Analysts project operating earnings for the S&P to clock in at $94.83 in 2011. This is higher than the 2007 peak of $91.47. That's right, despite record high unemployment, a European (NYSEArca: VGK - News) debt crisis, a 17% U.S. market correction, and all the other problems economists expect corporate profits will exceed their 2007 all-time highs. Does that sound reasonable to you? Keep in mind that projected earnings are just that - projected. They can and will change. In fact, analysts have a reputation of following the trend. In April 2008, analysts predicted earnings of $113. After cutting its forecast to $53, Goldman Sachs cut its earnings forecast to $40 in March 2009. As we know today, stocks rallied, and actual 2009 earnings came in at $56.87. The list goes on, but the simple message is that analysts tend to be overly optimistic before the fall and overly pessimistic before a rally. Right now they are overly optimistic. The conclusion is easy.

Rule #5: Know who to Trust

Even when basing the current P/E ratio on overly optimistic estimates, it is still far away from the P/E ratios seen at historic market bottoms. The same holds true for dividend yields. A look at various valuation measures shows that the market is overvalued by much more than just 10 or 20%. The ETF Profit Strategy Newsletter provides a detailed analysis of four valuation metrics with a near spotless track record of historic accuracy…’ 

No Exit, Stage Left or Right Peter shiff ‘… Those who fear a double dip recession are justified in their concerns, but they are also missing the big picture. The 2008 recession never ended. It was merely interrupted by trillions of dollars of stimulus that purchased GDP “growth” with borrowed money. But as the bills come due, GDP should now contract … After decades of abuse, it’s time for the Fed to take make a dramatic exit, because the US economy can’t take it anymore.’

An Argentina-like Economic Crisis Scott Strzelczyk | The United States’ economic decline precariously resembles Argentina’s economic collapse.

The Dollar’s Third and Final Act LewRockwell.com | The US credit system is in the midst of its third credit crisis since the advent of the Federal Reserve.

Roubini: Even If The Economy Doesn’t Technically Double Dip, It’s Still Going To Be Awful If you haven’t seen it already, I highly recommend this interview with Nouriel Roubini. Particularly he raises the point that while the U.S. may not technically double-dip into a new recession, it’s going to feel like it is.

Hindenburg Omen: Stock Market Crash Imminent? Easily the most feared technical pattern in all of chartism (for the bullishly inclined) is the dreaded Hindenburg Omen. Those who know what it is, tend to have an atavistic reaction to its mere mention.

Capital Controls: The Final Phase in the Great Looting of America Eric Blair | Capital controls are the next big event in the government-banking-oligarchy’s great looting of America.

Jobless claims jump to 5-month high The number of first-time filers for unemployment insurance rose to the highest level since late February last week, according to a weekly government report released Thursday.

Deficit in July Totals $165.04 Billion The U.S. government spent itself deeper into the red last month, paying nearly $20 billion in interest on debt and an additional $9.8 billion to help unemployed Americans.

Fed Leads America “To The Brink Of Collapse” When even the New York Times and CNN are admitting that the United States faces not only a double-dip recession but potentially a new great depression, any alarm bells that have not been rung should now be sounding loudly.

Bailouts Went To Foreign Banks: Congressional Report Confirms What We Already Knew A Congressional Oversight Panel issued today highlights the fact that large portions of the Treasury’s $700 billion bailout fund have gone straight into the coffers of foreign banks, a fact that we knew months ago, but is only now being officially recognised.

Fed Leads America “To The Brink Of Collapse” Paul Joseph Watson | Bernanke announcement that central bank will buy US debt marks point of no return.

15 Economic Statistics That Just Keep Getting Worse The Economic Collapse | Anyone who claims that things are getting “better” is either ignorant, completely deluded or is purposely lying.

Economy Teeters On The Brink and Market Manipulation Continues Bob Chapman | It’s just the same old, same old, business as usual in America.

The Fed’s New Round of Quantitative Easing Is Like Trying to Patch Leaking Pipes by Pumping in More Water Washington’s Blog | The government hasn’t even tried to replace the leaking sections of pipe in our economy.

Is this finally the economic collapse? Fortune | Should we bite the bullet and accept that current economic policy dictates 0% returns-on-savings, even as Washington continues to lever-up our future to the point of economic collapse?

U.S. Is Bankrupt and We Don’t Even Know Bloomberg | Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.

Marc Faber: Protect Your Property with High Voltage Fences, Barbed Wire, Booby Traps, Military Weapons and Dobermans Investment guru and publisher of The Gloom, Boom and Doom report, Marc Faber, regularly discusses investment strategies for protecting and building wealth during times of economic distress.

Makeup of Obama's housing reform panel draws ire (Washington Post) [Wow! Talk about late to the party! I mean … a conference? It’s not as if this was some new or novel problem coming down the pike. Then there’s the everything but the core issue / problem approach that seems recurringly fashionable.] Advocates say that the administration is excluding consumer and community groups from playing prominent roles in a government-sponsored conference next week that will kick off efforts to overhaul national housing policy.

Economic indicators reflect weak recovery (Washington Post) [Recovery? I say they’re dreamin’! So does Schiff, (Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool | Four years and the worst recession since the Great Depression later, Schiff stands alone again with a bleaker diagnosis for the economy: an inflationary depression.) among other economists, (Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.) , and my position and that of demographer Dent (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 ).

Warnings: Social Security at risk (Washington Post) [ Not this again! It bears repeating, that was always a bad idea and there was a plethora of reasons set forth on my site as to why the social security privatization plan being shilled by moron war criminal dumbya bush on behalf of the wall street frauds was an exceedingly bad idea. Indeed, as defacto insolvent as america / the social security system is, the nation and system would have been wiped out by privatization debacle. Talk about too big to, but still failed. It was a bad idea then, and though accusations may fly as to fear mongering, the reality of the venality attendant to such a preposterous course on behalf of the wall street frauds requires vigilance, scrutiny, and discourse concerning even the remote possibility of such a fool-hearty betrayal of the citizenry of the nation. As such, as off the mark as wobama has almost invariably been, he’s on the mark on this. ]ANALYSIS | Obama says GOP wants to privatize program, but liberals see a different threat.

Foreclosures surge 9 percent in July (Washington Post) Those glass-half-full frauds on wall street along with the administration will be cheering this unequivocally bad news with a dubious retort as ‘used home sales will rise’ … riiiight! Anything you say …

Stocks dip for third straight day (Washington Post) [Investor fears? How ‘bout reality. Even an essentially non-business site as Drudge has the pulse of this pervasive realization that ‘those dogs of happy days are here again don’t hunt no more’. Check the heads: DRUDGEREPORT: America Is 'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer... and Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s. Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool | Four years and the worst recession since the Great Depression later, Schiff stands alone again with a bleaker diagnosis for the economy: an inflationary depression. My take: 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

Pearlstein: The FCC and the bandwidth wars (Washington Post) [The internet has been among the few areas of growth and american prominence, at least at this point in time. Clearly, as with the throng that heralded in NAFTA, the self-interested voices of ie., google, verizon, etc., are similarly anathema to the greater good (as was NAFTA). Berners-Lee spoke against such parochialism in no uncertain terms, much as did Ross Perot on NAFTA and history has proven Perot correct as is so of the mind numbing approaches of google, verizon, etc.] Google-Verizon Pact: It Gets Worse (infowars.com) [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

AP Business Highlights ‘Jobs picture dims as unemployment claims rise WASHINGTON (AP) -- The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months. It's a sign that hiring remains weak and employers may be going back to cutting their staffs. Analysts say the increase suggests companies won't be adding enough workers in August to lower the 9.5 percent unemployment rate. First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, the Labor Department said Thursday. That's the highest total since February. Analysts had expected claims to fall…’

Bearish Sentiment Falls to 14-Week Low [Talk about contrarian indicators!] AAII – ‘Bullish sentiment rose 9.4 percentage points to 39.8% in the latest AAII Sentiment Survey. Despite the size of the increase, the proportion of individual investors expecting stock prices to rise over the next six months is only at a two-week high. The historical average is 39%. Neutral sentiment, expectations that stock prices will stay essentially flat over the next six months, fell 1.3 percentage points to 30.1%. The historical average is 31%. Bearish sentiment, expectations that stock prices will fall, dropped 8.1 percentage points to 30.1%. This is a 14-week low. The historical average is 30%. The survey period, Thursday through Wednesday, needs to be taken into consideration when looking at these results. Stock prices were essentially flat through most of this week's survey period (with the obvious exception of yesterday), giving some investors hope that a short-term bottom had been established. Though there were big changes in bullish and bearish sentiment, both optimism and pessimism are close to their historical averages. As a result, I would argue that individual investors' confidence in the market remains fragile…’

Lavish lifestyle for bank executive in Waters case (Washington Post) While this is typical of California, isn’t it as typical of the wall street frauds? Scammin’ everybody with that too big to fail b*** s*** when they’re a net economic drain, high frequency churn-and-earn computer programmed trading scams among the more blatant frauds emanating from their insatiable greed and sense of entitlement. Previous post: 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 (with benefits the package was an incredible $1,500,000), 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. Drudgereport: 'Where do the bailouts end?'  [I feel compelled to comment here that even capital hill math would be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t really have, to save 300,000 state / local government jobs! After all, the nation is defacto bankrupt! ]

Bailouts benefited foreign firms (Washington Post) True enough! But, truth be told, the fraud giving rise to the financial debacle was home grown americana. Moreover, the remnants of same are still out there in the trillions, now ‘marked to anything they so choose’, courtesy of a complicit, albeit after the fact, congress. This is the point … rather than as should have been the case of making the perps pay, the bailouts / cover-ups by now enablers if not accomplices is ending quite badly with much worse to come, and that includes those european lightweights who have come into the fraudulent wall street fold to theirs and the world’s economic and financial detriment.

U.S. trade deficit startles markets (Washington Post) [ Unexpectedly? I don’t think so! And, I have my site, other references / links and posts to prove it; and, what’s more, I’m not alone. After all, what are NAFTAs for anyway. However, I also must candidly admit I don’t frequent the mainstream blather / propaganda that includes the ‘money-honeys’ (when the messenger’s more important than the message, problems and distortions are bound to follow) and their ilk, etc.. NBR’s about it and even they have their pressures (I don’t consider the Washington Post mainstream in the pejorative sense of the word, with a rich journalistic history to back that up, all things considered) ]. Unexpectedly bad news from three continents reinforces fears that global recovery is faltering.

Obama signs $26 billion jobs bill (WP)   [I feel compelled to comment here that even using capital hill math one would be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t really have, to save 300,000 state / local government jobs! After all, the nation is defacto bankrupt! I think the former Soviet Union would have done the same.]

Fed action signals new activism (Washington Post) [ Riiiiight! The activist fed! That’s all we need. As if we needed more of what brought us to this point! Certainly the fed’s role in the continuing and current financial crisis / debacle cannot be ignored or disputed. Nothing like a hegelian methodology to create the very problems for which they are called upon to offer solutions, increasing their sense of importance, and concentrating power thereby. (Think about it. It is really rather quite absurd that each meeting time the financial markets hold their bated breath for these incompetent boobs). Then there’s the cover-up with an opportunity for enrichment of some, usually the tight-lipped yes-men then ever after and forever bonded in what becomes tantamount to an almost fraternal link by ‘virtue’ of the crime thereby. No, I’m not saying their initial missteps were necessarily badly intended, but the manipulations thereafter to obfuscate their incompetence (senile greenspun, no-recession-helicopter-ben, etc.) comes at a great price and is nothing less than tantamount to or just outright crime. I’d abolish the fed without hesitation or compunction. After all, at this point of decline and defacto bankruptcy of the nation you certainly can’t point to success nor argue their indispensability. Then there’s also the missing trillions, over-printing of fiat currency, and all that sub rosa activity with the worthless fraudulent toxic paper which I believe is being supplanted with ultimately hard currency to the great benefit of the frauds and great detriment to the nation.]

ACCORDING TO TECHNICAL INDICATORS, MELTDOWN IS POSSIBLE Simon Maierhofer A SOLID TRACK RECORD An analysis of the SMA crossover buy/sell signals triggered for the S&P over the past 10 days shows that six of the eight signals (75%) were correct. ..LAGGING BUT ACCURATE Many dismiss the 200-day or other SMAs as lagging indicators. Although an indicator may be lagging it doesn't mean it's incorrect or should be dismissed… Even though a lagging indicator, the rain does confirm that a storm is coming. A PRO-ACTIVE APPROACH You'd expect Wall Street and the financial media to be the financial weather man and warn you of upcoming storms. Unfortunately, that is not so. Leading up to the April 2010 recovery highs, Wall Street and the media proclaimed the skies are clear, 'sunny throughout the year' was their weather forecast. Only after investors got drenched, did Wall Street recommend pulling out the umbrella. Sure enough, as soon as the umbrellas came out, stocks switched into rally mode and the sky cleared up. Unlike Wall Street, the ETF Profit Strategy Newsletter warned of the brewing storm while it was still sunny. On April 16, the newsletter warned that 'historically, there has rarely been a more pronounced sell signal ... When consumers spend, they do so with credit cards. Visa and Master Card both got hit with a death cross. It's just a matter of time until the discretionary sector follows. WAIT, THERE IS MORE …High copper prices are reflective of high demand and a humming economy. Lower copper prices signal trouble ahead. On June 22, an ominous death cross visited copper's chart. PUTTING THE ODDS IN YOUR FAVOR Investing is a game of probabilities. While you always want to have the odds in your favor, you never want to bet against the odds. Right now, the odds are piling up on the bearish side of the ledger. Even though Wall Street is saying that the sky has cleared up, 'meteorologists' with a better track record are warning of the storm ahead. In fact, there is one rare chart formation that strongly suggests the onset of a 2008-like decline, a development that's certainly supported by the number of death crosses spanning a variety of markets. The August issue of the ETF Profit Strategy Newsletter includes a detailed short, mid and long-term forecast, along with the one chart that tells the market's story and true bearish potential. 

Congressman Calls Vote on $26 Billion Jobs Bill a Sign ‘We’re Not Bankrupting the Country Fast Enough’ With a tone of sarcasm, a California Republican congressman said that he “knows” why members of the U.S. House of Representatives were summoned from their home districts back to Washington, D.C., and the halls of Congress.

U.S. Is Bankrupt and We Don’t Even Know Bloomberg | Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.

Crowd waiting for housing vouchers gets rowdy Atlanta Journal-Constitution | A crowd of people hoping to get federal housing assistance became unruly Wednesday morning with reports of fights breaking out in the crowd.

Californians’ income falls for first time since WWII Sacramento Bee | The personal incomes of Golden State workers fell by that amount in 2009 compared with the previous year.

Google-Verizon Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

San Francisco Fed: “A Recessionary Relapse Is A Significant Possibility Sometime In The Next Two Years” [ Picture the fed as a pseudo ninja with fancy foreplay / motions getting decked / ‘koed’ with a simple right-hook to the jaw by the antagonist named reality. All this finagling, manipulation, fiat currency over-printing, and nation bankrupting debt, and … nothing / nada / ‘growth ‘ estimates revised downward, unemployment unabated since economic reality figures somewhat in hiring to say the least, and jobs transferred overseas ain’t comin’ back. Quite simply, this is a depression no matter what they call it! ] Presented without commentary, suffice to say that idiots who look at the LEI and factor for the curve inversion subindicator deserve all they get.

Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool | Four years and the worst recession since the Great Depression later, Schiff stands alone again with a bleaker diagnosis for the economy: an inflationary depression.

Democrats, Advocacy Groups Blast Cuts to Food Stamps to Fund $26B Aid Bill Some Democrats are upset and advocacy groups are outraged over the raiding of the food-stamp cupboard to fund a state-aid bailout that some call a gift to teachers and government union workers.

15 Economic Statistics That Just Keep Getting Worse A little over a week ago, U.S. Treasury Secretary Timothy Geithner penned an article for the New York Times entitled “Welcome To The Recovery” in which he touted the great strides that the U.S. economy was making.

America Is ‘Bankrupt Mickey Mouse Economy’: CIO America is a “Mickey Mouse economy” that is technically bankrupt, according to Jochen Wermuth, the Chief Investment Officer (CIO) and managing partner at Wermuth Asset Management.

DRUDGEREPORT: America Is 'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer...
Claims of Afghan civilian deaths spark protest...
Military sees heavier fighting in fall...

PAPER: 10 reasons why Obama presidency is in meltdown...
GALLUP: Even the Poor Are Abandoning Obama; Approval Under 50%...
Obama abolishes White House position dedicated to transparency...

Michelle Obama popularity falls...

UPDATE: Suspected serial killer arrested in Atlanta...
Attempting to flee to israel … to be with kindred spirits ...

MOB RUSH FOR FED AID DRAWS RIOT POLICE
DOW drops 265...
Feds rethink policies that encourage home ownership...
Obama: $3 Billion More in Aid for Unemployed...
US posts widest trade gap in 20 months...
Q2 GDP Growth Could Be Revised To Just 1% After Trade Data...
PUMP: FED TO BUY MORE DEBT...
DOWNGRADES OUTLOOK...
US-backed fighters in Iraq defect to al-Qaida... [Winning hearts and minds … for Al Qaida … just one too many civilian deaths for no good reason at all ]

BACK TO SPEND SOME MORE!

Republicans Suggest Names for 'Second Stimulus' Bill...
'Where do the bailouts end?'  [I feel compelled to comment here that even capital hill math would be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t really have, to save 300,000 state / local government jobs! After all, the nation is defacto bankrupt! ]

9 Reasons Why You Won’t See A Jobs Recovery Anytime Soon In two words: small businesses.

Federal Employees Earn 30 to 40 Percent More than Private-Sector Workers, Study Finds Federal employees earn 30 to 40 percent more money than their private sector counterparts on average, a study from the conservative Heritage Foundation finds.

The Oil Price Surge Indicator Says There’s A 100% Chance Of A New Recession No, that headline is not a typo.

Gerald Celente On the Alex Jones Show: Double Dip Depression Will Lead Us Into War The white shoe boys are taking us into the worst depression in history.

Google-Verizon Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.

Ambac says it's working on bankruptcy filing MBIA Inc. reports a quarterly profit, while rival bond insurer Ambac Financial Group posts a loss....

Food Inflation Coming To A Household Near You, As Wal-Mart Hikes Prices At Fastest Pace Since Early January Nothing to see here, except yet another sign of the food inflation that’s the story of the moment.

Albert Edwards Explains How The Leading Indicator Is Already Back Into Recession Territory And Why The Japan “Ice Age” Is Coming Albert Edwards reverts to his favorite economic concept, the “Ice Age” in his latest commentary piece, presenting another piece in the puzzle of similarities between the Japanese experience and that which the US is currently going through.

The Horrific Derivatives Bubble That Could One Day Destroy The Entire World Financial System Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it.

Fed set to downgrade outlook for US Financial Times | The Federal Reserve is set to downgrade its assessment of US economic prospects.

Goldman Made Between $11 And $16 Billion In 2009 Trading CDS And Other Derivatives As part of its most recent FCIC grilling, David Viniar left the political theater a month ago with a homework assignment to disclose all of the firm’s derivative profits, as well as provide granular detail on its derivative trades.

Japan Redux: A Video Case Study Of The Upcoming U.S. Lost Decade Whether one believes in inflation or deflation, one thing is certain: in many ways the current US experience finds numerous parallels to what has been happening in Japan for not one but two decades.

Pentagon can’t account for $8.57 billion in Iraqi funds B is for billions. And b is for it’s hard to believe that they’ve done it again. The last time, even more money vanished, which I noted in my article, Following Pentagon trillions to Israel and 9-11. This was under the Zionist Dov Zakheim’s watch as Comptroller of the Pentagon from May 4, 2001, to March 10, 2004.

Wall Street bill sweeps away stray remnant of 1933 Glass-Steagall Act In seven simple lines buried in this year’s financial overhaul bill, lawmakers swept away one of the last vestiges of the 1933 Glass-Steagall Act that held sway over markets for decades.

Small firms pay price of bank boom: As bankers celebrate more profits, more companies die from lack of loans Small businesses are paying the price for the banks’ dramatic return to bumper profits.

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.

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…

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.

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 Simon Maierhofer, 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…

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 … 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…

1. HEAD & SHOULDERS ON THE S&P 500, DOW JONES, AND NASDAQ …

2. BULLISH FLAG ON THE VIX? We can’t have a massive spike in volatility without a coinciding collapse in the equity markets …

3. THE DEATH-CROSS ON THE S&P SUGGESTS THE 2009 TO 2010 RALLY MIGHT BE OVER

…

4. THE VOLUMELESS RALLY & MUTUAL FUND OUTFLOWS

…

5. 1,000 POINT FLASH CRASHES

…

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!]

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.

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.

President Obama’s Real Name “Barry Soetoro” Tops Google Trends Yet another search term announced during the Alex Jones Show, “Barry Soetoro” has topped Google Trends’ hot searches, and that means a boost to exposing important keys to President Obama’s true history. The #1 search trend corresponds with a visit to Austin, Texas today from President Barack Obama, a.k.a. Barry Soetoro.

Barry Soetoro AKA Barack Obama’s Political Dynasty Crashes And Burns While Barry Soetoro’s family lavish themselves at a luxury Spanish resort amidst deepening economic turmoil, back home Obama’s political dynasty crashes and burns as his approval ratings plunge to a record low of 41 per cent with less than a few months to go before the October midterm elections.

The Fraud Of Barry Soetoro (a.k.a. Barack Hussein Obama) (Feb. 24 ...
February 11, 2009
’Dear Senators and Congressmen:
Thank you for taking the time to review the documentation relevant to the Constitutional legitimacy of the presidency Barack Obama.  There have been various problems with the vetting of Mr. Obama throughout the campaign and the present.  I’d like to take the opportunity to highlight the most pertinent and alarming issues that have been clearly revealed.  I’m sure you will agree that this information must be further investigated promptly before any damage is done to the United States and its citizens beyond the Constitutional compromises that currently exist.  Most  interesting, though, is the fact that Mr. Obama has not simply ordered the original vault copy of his birth certificate to be sealed and chosen to retain three (3) law firms to defend the various cases spending a reported $800,000 (of whose money?).  If Mr. Obama has nothing to hide, then why fight the more than  42 cases in federal courts alone (according to Justia) and similar number in state courts of which the merits are well-founded and substantiated through factual evidence, state and federal statutes, and international laws? Main issue is that the state of HI, according to statue 338 allows Foreign born  children of Hawaiian residents to obtain Hawaiian birth certificates and obtain them based on a statement of one relative only. There is plenty of evidence of Mr. Obama being born in Kenya and obtaining his Hawaiian birth certificate based on a statement of his grandparent only, who simply didn’t want to deal with immigration and not based on any records from any hospitals. Extensive searches in the State of Hawaii showed no birthing records for his mother [Stanley] Ann Dunham  in any hospital in Hawaii. … I request  all of this information to be forwarded to the Senate Armed Services Committee, Senate Finance Committee, Senate Judicial Committee, Mr. Steven Whitlock, director of the whistle blower office of the IRS, ICE, State Department, and FBI for further investigation.
Respectfully submitted,  
Dr. Orly Taitz, Esq.’

Did Google Block “Barry Soetoro” Search Term? Screenshots obtained by a Prison Planet reader suggest that Google may have moved to de-list “Barry Soetoro” as a popular search term shortly after it rose to the top of the Google Trends charts after yesterday’s effort by radio talk show host Alex Jones to focus attention on Barack Obama’s real name.

Exposing World Government: United We Fall Documentary Now Featured on Prison Planet.tv Kurt Nimmo | United We Fall breaks down the North American Union and how “free trade” agreements between the United States, Canada, and Mexico are impoverishing people and stripping away national sovereignty.

The Ecstasy of Empire Paul Craig Roberts | Without a revolution, americans are history.

Rand Paul Slams Obama: Stop Forcing Big Government Down Our Throats Steve Watson | Kentucky Senate candidate Rand Paul made an impassioned speech this weekend slamming the actions of the Obama administration for continuing a big government agenda at the expense of the American people.

Hal Turner Betrayed and Burned by Government He Served Kurt Nimmo | The case of Hal Turner should serve as a warning to those considering cooperating with the government.

Internet Kill Switch Bill Moves Closer To Senate Vote An Internet kill switch bill that would give President Obama the power to shut down parts of the world wide web for a period of at least four months without congressional oversight has moved closer to a Senate vote, with one of its primary advocates, Democratic co-chairman of the House Cybersecurity Caucus Jim Langevin, threatening a “cyber-9/11″ if the legislation is not quickly passed.

Exposing World Government: United We Fall Documentary Now Featured on Prison Planet.tv United We Fall, a documentary by Bryan Law and Dan Dicks, breaks down the North American Union and how “free trade” agreements between the United States, Canada, and Mexico are impoverishing people and stripping away national sovereignty.

Rand Paul Slams Obama: Stop Forcing Big Government Down Our Throats Kentucky Senate candidate Rand Paul made an impassioned speech this weekend slamming the actions of the Obama administration for continuing a big government agenda at the expense of the interests of the American people.

AT&T claims net neutrality is oppressive US TELECOM AT&T has come out in support of Google’s contention that wireless communications are different than wireline Internet services.

Government Using Google Earth To Loot Destitute Americans Aerial imaging technology is being used by the government to spy on Americans in an effort to collect revenue and enforce ordinances on swimming pools without safety certificates, junk cars being stored without permission, unlicensed porches, and a myriad of other petty transgressions that the state is feeding off in complete violation of the Fourth Amendment to suck citizens dry of whatever income they have left after being looted of trillions of dollars in wealth that the state has transferred to foreign banks.

On Facebook: Israeli soldier posed with bound Arab (AP)

Capital Controls: The Final Phase in the Great Looting of America Eric Blair | Capital controls are the next big event in the government-banking-oligarchy’s great looting of America.

Military Industrial Complex: Of 158 retired generals advising wars, 80% tied to defense industry; 29 are defense CEOs USA Today | Of the 158 retired generals and admirals identified as mentors, 80% had financial ties to defense contractor; 29 were company executives.

Cybersecurity Lie Exposed: Power Plants Are Not Connected To The Internet Senator Joe Lieberman’s draconian Internet takeover legislation, the 197-page Protecting Cyberspace as a National Asset Act, is being promoted as a vital tool to protect vulnerable infrastructure hubs from terrorist attacks, but as a recent Wall Street Journal report makes clear, large industrial power and water plants are not even connected to the public Internet.

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

Obama Approval Rating Revisits Rock Bottom Despite Positive Media Spin Despite positive corporate media spin amidst a cacophony of criticism from both sides of the political spectrum, Barack Obama’s approval rating matched its record low today according to Rasmussen Reports.

Bailouts Went To Foreign Banks: Congressional Report Confirms What We Already Knew A Congressional Oversight Panel issued today highlights the fact that large portions of the Treasury’s $700 billion bailout fund have gone straight into the coffers of foreign banks, a fact that we knew months ago, but is only now being officially recognised.

Activists Take On Fluoridated Water in Wichita Concerned citizens in Wichita, Kansas, have informed that city’s public officials about a poster campaign designed to inform the public about the health hazards of water fluorination.

Illegal Immigrants Account for 8% of U.S. Newborns, Study Shows As many as 340,000 of the 4.3 million babies born in the U.S. in 2008 had at least one parent who was an illegal immigrant, according to a Pew Hispanic Center study of Census Bureau data.

Infowars.com Poll: Attack On Iran Imminent Kurt Nimmo | Nearly 60% of respondents to an Infowars.com poll believe the U.S and Israel will attack Iran in the near future.

Activists Take On Fluoridated Water in Wichita Infowars.com | Concerned citizens in Wichita, Kansas, have informed that city’s public officials about a poster campaign designed to inform the public about the health hazards of water fluorination.

Fed Leads America “To The Brink Of Collapse” Paul Joseph Watson | Bernanke announcement that central bank will buy US debt marks point of no return.

15 Economic Statistics That Just Keep Getting Worse The Economic Collapse | Anyone who claims that things are getting “better” is either ignorant, completely deluded or is purposely lying.

Economy Teeters On The Brink and Market Manipulation Continues Bob Chapman | It’s just the same old, same old, business as usual in America.

Google and Verizon DID do a deal for new internet ‘first class’ superhighway Technology giants Google and Verizon have today paved the way for a future ‘two-tier’ internet in which companies can pay extra to make sure their services get through. Google-Verizon Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

Iran Retaliates Against Sanctions: To Drop All Trade In “Filthy” Euro, Dollar Yet another step in the escalation between Iran and the US came earlier today.

The Cycle of Violence in Afghanistan Last week the National Bureau of Economic Research published a report on the effect of civilian casualties in Afghanistan and Iraq that confirmed what critics of our foreign policy have been saying for years: the killing of civilians, although unintentional, angers other civilians and prompts them to seek revenge. This should be self-evident.

Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.

Street Action: Poison In Tap Water Fliers Went out on a beautiful Saturday after noon in Edmonton Alberta posting more fliers, posters etc. had a great time had a few people harass me but nothing big. Just gave me motivation to do more!! Resistance is Victory. Never Forget that.!!

Wheat Crisis Threatens Inflationary Timebomb, Food Riots Russia’s ban on wheat exports following widespread fires in the country sent food prices skyrocketing by 19 per cent in just a single week as fears grow that global volatility in foodstuffs and commodities could lead to a worldwide inflationary timebomb accompanied by widespread food riots.

The Obama presidency increasingly resembles a modern-day Ancien Régime: extravagant and out of touch with the American people What the great French historian Alexis de Tocqueville would make of today’s Obama administration were he alive today is anyone’s guess.

The Coming Collapse of The U.S. Political Establishment The last U.S. puppet regime to fall will be. . . the puppet regime in the White House.

Afghan war ‘kills 1,325 civilians this year’ More than 1,300 civilians have been killed in Afghanistan so far this year, mostly by Taliban insurgents, a leading Afghan rights group said Sunday.

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.

Iran Unveils New Submarines and Makes More Persian Gulf Warnings Iran announced the addition of four new submarines to its fleet Sunday, saying the Iranian-manufactured vessels to be deployed in the Persian Gulf have sonar-evading technology and can launch torpedoes and missiles simultaneously.

Pentagon can’t account for $8.57 billion in Iraqi funds B is for billions. And b is for it’s hard to believe that they’ve done it again. The last time, even more money vanished, which I noted in my article, Following Pentagon trillions to Israel and 9-11. This was under the Zionist Dov Zakheim’s watch as Comptroller of the Pentagon from May 4, 2001, to March 10, 2004.

Fidel Castro: Obama can avert impending nuclear holocaust Miami Herald | If Obama approves an attack on Iran, war will spread through the Middle East and Asia and cause hundreds of millions of deaths, Castro warned.

Who poses the real threat to the Internet? A new opinion piece on CNN.com argues that it’s the government, not the companies providing internet access, that is the real danger to free speech and the internet. [I personally have found more often and prospectively problematic is that said government / company distinction is one without a difference when the government flexes muscle, particularly with leverage as ie., to non-performing monopolist microsoft, nsa/cia partner google (to a lesser extent at this juncture), cnn/timewarner cable (incompetence also a factor), fedex, etc.].

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”

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.

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.

Drudgereport: NEW LOW FOR O: USATODAYGALLUP HAS OBAMA APPROVE AT 41%...
America Is 'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...

YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer...
Claims of Afghan civilian deaths spark protest...
Military sees heavier fighting in fall...

UPDATE: Suspected serial killer arrested in Atlanta...
Attempting to flee to israel … to be with kindred spirits ...

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!

MOB RUSH FOR FED AID DRAWS RIOT POLICE
DOW drops 265...
Feds rethink policies that encourage home ownership...
Obama: $3 Billion More in Aid for Unemployed...
US posts widest trade gap in 20 months...
Q2 GDP Growth Could Be Revised To Just 1% After Trade Data...
PUMP: FED TO BUY MORE DEBT...
DOWNGRADES OUTLOOK...
US-backed fighters in Iraq defect to al-Qaida... [Winning hearts and minds … for Al Qaida … just one too many civilian deaths for no good reason at all ]

BACK TO SPEND SOME MORE!

Republicans Suggest Names for 'Second Stimulus' Bill...
'Where do the bailouts end?'  [I feel compelled to comment here that even capital hill math would be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t really have, to save 300,000 state / local government jobs! After all, the nation is defacto bankrupt! ]

CASTRO WARNS OF IMPENDING NUCLEAR HOLOCAUST
WELCOME TO THE RECOVERY...
JULY UNEMPLOYMENT -131,000 JOBS...
Revised: May/June -97,000 jobs than first reported...
Odd mix of bad news...

CASTRO WARNS OF IMPENDING NUCLEAR HOLOCAUST
Michelle Obama 'modern-day Marie Antoinette'...

NYT: 'Leaves the taxpayers with a hefty bill'...
While Obama preaches sacrifice, his family frolics in Spain...

Gazpacho, turbot, veal and ratatouille with the king...
Lavish Obama vacation in time of economic turmoil raises eyebrows...
BAKER: 'Leaves taxpayers with hefty bill'...
Hollywood star-studded gala at first lady's luxury hotel...

MICHELLE O'S $375,000 VACATION?!
Strolls Marbella after State Dept. 'racist' Spaniards gaffe...

White House calling: Please will you make a coat for Michelle...

Boy Scouts boo Obama...
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'...

60,000 babies born to 'noncitizens' get U.S. birthright - in Texas alone...

Dutch become 1st NATO member to quit Afghanistan...

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.

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.

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”.

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.

Drudgereport: NEW LOW FOR O: USATODAYGALLUP HAS OBAMA APPROVE AT 41%...
America Is 'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...

YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer...
Claims of Afghan civilian deaths spark protest...
Military sees heavier fighting in fall...

US-backed fighters in Iraq defect to al-Qaida... [Winning hearts and minds … for Al Qaida … just one too many civilian deaths for no good reason at all ]

BACK TO SPEND SOME MORE!

Republicans Suggest Names for 'Second Stimulus' Bill...
'Where do the bailouts end?'  [I feel compelled to comment here that even capital hill math would be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t really have, to save 300,000 state / local government jobs! After all, the nation is defacto bankrupt! ]

CASTRO WARNS OF IMPENDING NUCLEAR HOLOCAUST
WELCOME TO THE RECOVERY...
JULY UNEMPLOYMENT -131,000 JOBS...
Revised: May/June -97,000 jobs than first reported...
Odd mix of bad news...

CASTRO WARNS OF IMPENDING NUCLEAR HOLOCAUST
Michelle Obama 'modern-day Marie Antoinette'...

NYT: 'Leaves the taxpayers with a hefty bill'...
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'...

60,000 babies born to 'noncitizens' get U.S. birthright - in Texas alone...

Dutch become 1st NATO member to quit Afghanistan...

Economic indicators reflect weak recovery (Washington Post) Even assuming their anemic, negative numbers are real (I don’t believe anything they say and believe situation to be more dire than reported), the economic reality indicated prospectively thereby is as previously set forth: 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

As economy slowly recovers, area companies announce IPOs (Washington Post) With very few exceptions, economic realities make the same (ordinarily a real net economic positive) a negative owing to dilution and the absence of real, profitable, private sector investment opportunities.

China surpasses Japan as world's No. 2 economy (Washington Post) As if no one saw that coming.

Fed Official Admits the Fed Starts Boom/Bust Cycles There are all kinds of things awry with this article…

Fed’s Hoenig: Keeping Rates Too Low ‘Dangerous Gamble’ The Federal Reserve is undertaking a “dangerous gamble” by keeping rates at near zero for so long, and must start raising rates or risk damaging the nascent U.S. recovery, a top Federal Reserve official said on Friday.

Will Quantitative Easing By The Federal Reserve Unleash Economic Hell? The Economic Collapse | Most of the folks populating Congress are so incompetent that they should not even be hired to mop the floors of a Dairy Queen.

Lots of stimulus yet to be spent (Washington Post) [Wow! Sounds like Alec’s looking for ‘work’ on wall street. I think his glass is not only ‘wall-street-half-full’, but has an extra concentration of fluoride, the effects of which seem ‘reachingly obvious’. Time to come back to economic reality, Alec. ]Alec MacGillis / As Americans puzzle over why the economic stimulus package enacted more than a year ago has failed to restore vigorous job growth, one explanation has emerged from new reports: A lot of the money is not yet out the door.

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

High Probability for Lower Market Prices Ahead ‘…Economic numbers being what they are (very poor), we should expect a downward revision of second quarter GDP to 1.5% from the originally disappointing number of 2.4%. As more data is being released it is apparent that we are witnessing even further deterioration here in the third quarter. Will we have a double dip or since it officially has never been declared that we have come out of the recession, is this just more of the same? Globally, governments have spent trillions of dollars to revive their economies. We are seeing mixed results from that largess, as some countries such as Germany and China are doing better than others, such as Greece, Ireland and the US. Will more government intervention help? I think not. We may have reached a tipping point where many are tired of others being the benefactors of taxpayer money …’

Gold Providing Safety During Market Downturn

Pension check may not be in the mail Chicago Tribune | Illinois public employees who think the state constitution guarantees that they’ll get all their pension benefits

Back to School? Bring Your Own Toilet Paper New York Times | “The first time I saw it, my mouth hit the floor,” Emily’s mother, Kristin Cooper, said of the list, which also included perennials like glue sticks, scissors and crayons.

An Argentina-like Economic Crisis Scott Strzelczyk | The United States’ economic decline precariously resembles Argentina’s economic collapse.

U.S. Economy Near Point of No Return Dan Weil | The Federal Reserve’s decision to expand its quantitative easing by purchasing more Treasuries is a dangerous one.

Obama Says Private Accounts Would Endanger U.S. Social Security Benefits President Barack Obama said Republican proposals to have people invest Social Security benefits in private accounts would increase the U.S. budget deficit and put retirement money at risk to “the whims of Wall Street traders.”

The Trade Deficit Nightmare When they hear the word deficit, most Americans immediately think of the U.S. government budget deficit which is rapidly spiralling out of control.

Economic indicators reflect weak recovery (Washington Post) [Recovery? I say they’re dreamin’! So does Schiff, (Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool | Four years and the worst recession since the Great Depression later, Schiff stands alone again with a bleaker diagnosis for the economy: an inflationary depression.) among other economists, (Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.) , and my position and that of demographer Dent (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 ).

Warnings: Social Security at risk (Washington Post) [ Not this again! It bears repeating, that was always a bad idea and there was a plethora of reasons set forth on my site as to why the social security privatization plan being shilled by moron war criminal dumbya bush on behalf of the wall street frauds was an exceedingly bad idea. Indeed, as defacto insolvent as america / the social security system is, the nation and system would have been wiped out by privatization debacle. Talk about too big to, but still failed. It was a bad idea then, and though accusations may fly as to fear mongering, the reality of the venality attendant to such a preposterous course on behalf of the wall street frauds requires vigilance, scrutiny, and discourse concerning even the remote possibility of such a fool-hearty betrayal of the citizenry of the nation. As such, as off the mark as wobama has almost invariably been, he’s on the mark on this. ]ANALYSIS | Obama says GOP wants to privatize program, but liberals see a different threat.

Makeup of Obama's housing reform panel draws ire (Washington Post) [Wow! Talk about late to the party! I mean … a conference? It’s not as if this was some new or novel problem coming down the pike. Then there’s the everything but the core issue / problem approach that seems recurringly fashionable.] Advocates say that the administration is excluding consumer and community groups from playing prominent roles in a government-sponsored conference next week that will kick off efforts to overhaul national housing policy.

Foreclosures surge 9 percent in July (Washington Post) Those glass-half-full frauds on wall street along with the administration will be cheering this unequivocally bad news with a dubious retort as ‘used home sales will rise’ … riiiight! Anything you say …

Stocks dip for third straight day (Washington Post) [Investor fears? How ‘bout reality. Even an essentially non-business site as Drudge has the pulse of this pervasive realization that ‘those dogs of happy days are here again don’t hunt no more’. Check the heads: DRUDGEREPORT: America Is 'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer... and Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s. Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool | Four years and the worst recession since the Great Depression later, Schiff stands alone again with a bleaker diagnosis for the economy: an inflationary depression. My take: 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

Pearlstein: The FCC and the bandwidth wars (Washington Post) [The internet has been among the few areas of growth and american prominence, at least at this point in time. Clearly, as with the throng that heralded in NAFTA, the self-interested voices of ie., google, verizon, etc., are similarly anathema to the greater good (as was NAFTA). Berners-Lee spoke against such parochialism in no uncertain terms, much as did Ross Perot on NAFTA and history has proven Perot correct as is so of the mind numbing approaches of google, verizon, etc.] Google-Verizon Pact: It Gets Worse (infowars.com) [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

AP Business Highlights ‘Jobs picture dims as unemployment claims rise WASHINGTON (AP) -- The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months. It's a sign that hiring remains weak and employers may be going back to cutting their staffs. Analysts say the increase suggests companies won't be adding enough workers in August to lower the 9.5 percent unemployment rate. First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, the Labor Department said Thursday. That's the highest total since February. Analysts had expected claims to fall…’

Bearish Sentiment Falls to 14-Week Low [Talk about contrarian indicators!] AAII – ‘Bullish sentiment rose 9.4 percentage points to 39.8% in the latest AAII Sentiment Survey. Despite the size of the increase, the proportion of individual investors expecting stock prices to rise over the next six months is only at a two-week high. The historical average is 39%. Neutral sentiment, expectations that stock prices will stay essentially flat over the next six months, fell 1.3 percentage points to 30.1%. The historical average is 31%. Bearish sentiment, expectations that stock prices will fall, dropped 8.1 percentage points to 30.1%. This is a 14-week low. The historical average is 30%. The survey period, Thursday through Wednesday, needs to be taken into consideration when looking at these results. Stock prices were essentially flat through most of this week's survey period (with the obvious exception of yesterday), giving some investors hope that a short-term bottom had been established. Though there were big changes in bullish and bearish sentiment, both optimism and pessimism are close to their historical averages. As a result, I would argue that individual investors' confidence in the market remains fragile…’

Lavish lifestyle for bank executive in Waters case (Washington Post) While this is typical of California, isn’t it as typical of the wall street frauds? Scammin’ everybody with that too big to fail b*** s*** when they’re a net economic drain, high frequency churn-and-earn computer programmed trading scams among the more blatant frauds emanating from their insatiable greed and sense of entitlement. Previous post: 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 (with benefits the package was an incredible $1,500,000), 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. Drudgereport: 'Where do the bailouts end?'  [I feel compelled to comment here that even capital hill math would be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t really have, to save 300,000 state / local government jobs! After all, the nation is defacto bankrupt! ]

Bailouts benefited foreign firms (Washington Post) True enough! But, truth be told, the fraud giving rise to the financial debacle was home grown americana. Moreover, the remnants of same are still out there in the trillions, now ‘marked to anything they so choose’, courtesy of a complicit, albeit after the fact, congress. This is the point … rather than as should have been the case of making the perps pay, the bailouts / cover-ups by now enablers if not accomplices is ending quite badly with much worse to come, and that includes those european lightweights who have come into the fraudulent wall street fold to theirs and the world’s economic and financial detriment.

U.S. trade deficit startles markets (Washington Post) [ Unexpectedly? I don’t think so! And, I have my site, other references / links and posts to prove it; and, what’s more, I’m not alone. After all, what are NAFTAs for anyway. However, I also must candidly admit I don’t frequent the mainstream blather / propaganda that includes the ‘money-honeys’ (when the messenger’s more important than the message, problems and distortions are bound to follow) and their ilk, etc.. NBR’s about it and even they have their pressures (I don’t consider the Washington Post mainstream in the pejorative sense of the word, with a rich journalistic history to back that up, all things considered) ]. Unexpectedly bad news from three continents reinforces fears that global recovery is faltering.

Obama signs $26 billion jobs bill (WP)   [I feel compelled to comment here that even using capital hill math one would be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t really have, to save 300,000 state / local government jobs! After all, the nation is defacto bankrupt! I think the former Soviet Union would have done the same.]

Fed action signals new activism (Washington Post) [ Riiiiight! The activist fed! That’s all we need. As if we needed more of what brought us to this point! Certainly the fed’s role in the continuing and current financial crisis / debacle cannot be ignored or disputed. Nothing like a hegelian methodology to create the very problems for which they are called upon to offer solutions, increasing their sense of importance, and concentrating power thereby. (Think about it. It is really rather quite absurd that each meeting time the financial markets hold their bated breath for these incompetent boobs). Then there’s the cover-up with an opportunity for enrichment of some, usually the tight-lipped yes-men then ever after and forever bonded in what becomes tantamount to an almost fraternal link by ‘virtue’ of the crime thereby. No, I’m not saying their initial missteps were necessarily badly intended, but the manipulations thereafter to obfuscate their incompetence (senile greenspun, no-recession-helicopter-ben, etc.) comes at a great price and is nothing less than tantamount to or just outright crime. I’d abolish the fed without hesitation or compunction. After all, at this point of decline and defacto bankruptcy of the nation you certainly can’t point to success nor argue their indispensability. Then there’s also the missing trillions, over-printing of fiat currency, and all that sub rosa activity with the worthless fraudulent toxic paper which I believe is being supplanted with ultimately hard currency to the great benefit of the frauds and great detriment to the nation.]

ACCORDING TO TECHNICAL INDICATORS, MELTDOWN IS POSSIBLE Simon Maierhofer A SOLID TRACK RECORD An analysis of the SMA crossover buy/sell signals triggered for the S&P over the past 10 days shows that six of the eight signals (75%) were correct. ..LAGGING BUT ACCURATE Many dismiss the 200-day or other SMAs as lagging indicators. Although an indicator may be lagging it doesn't mean it's incorrect or should be dismissed… Even though a lagging indicator, the rain does confirm that a storm is coming. A PRO-ACTIVE APPROACH You'd expect Wall Street and the financial media to be the financial weather man and warn you of upcoming storms. Unfortunately, that is not so. Leading up to the April 2010 recovery highs, Wall Street and the media proclaimed the skies are clear, 'sunny throughout the year' was their weather forecast. Only after investors got drenched, did Wall Street recommend pulling out the umbrella. Sure enough, as soon as the umbrellas came out, stocks switched into rally mode and the sky cleared up. Unlike Wall Street, the ETF Profit Strategy Newsletter warned of the brewing storm while it was still sunny. On April 16, the newsletter warned that 'historically, there has rarely been a more pronounced sell signal ... When consumers spend, they do so with credit cards. Visa and Master Card both got hit with a death cross. It's just a matter of time until the discretionary sector follows. WAIT, THERE IS MORE …High copper prices are reflective of high demand and a humming economy. Lower copper prices signal trouble ahead. On June 22, an ominous death cross visited copper's chart. PUTTING THE ODDS IN YOUR FAVOR Investing is a game of probabilities. While you always want to have the odds in your favor, you never want to bet against the odds. Right now, the odds are piling up on the bearish side of the ledger. Even though Wall Street is saying that the sky has cleared up, 'meteorologists' with a better track record are warning of the storm ahead. In fact, there is one rare chart formation that strongly suggests the onset of a 2008-like decline, a development that's certainly supported by the number of death crosses spanning a variety of markets. The August issue of the ETF Profit Strategy Newsletter includes a detailed short, mid and long-term forecast, along with the one chart that tells the market's story and true bearish potential. 

Congressman Calls Vote on $26 Billion Jobs Bill a Sign ‘We’re Not Bankrupting the Country Fast Enough’ With a tone of sarcasm, a California Republican congressman said that he “knows” why members of the U.S. House of Representatives were summoned from their home districts back to Washington, D.C., and the halls of Congress.

U.S. Is Bankrupt and We Don’t Even Know Bloomberg | Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.

Crowd waiting for housing vouchers gets rowdy Atlanta Journal-Constitution | A crowd of people hoping to get federal housing assistance became unruly Wednesday morning with reports of fights breaking out in the crowd.

Californians’ income falls for first time since WWII Sacramento Bee | The personal incomes of Golden State workers fell by that amount in 2009 compared with the previous year.

Google-Verizon Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

San Francisco Fed: “A Recessionary Relapse Is A Significant Possibility Sometime In The Next Two Years” [ Picture the fed as a pseudo ninja with fancy foreplay / motions getting decked / ‘koed’ with a simple right-hook to the jaw by the antagonist named reality. All this finagling, manipulation, fiat currency over-printing, and nation bankrupting debt, and … nothing / nada / ‘growth ‘ estimates revised downward, unemployment unabated since economic reality figures somewhat in hiring to say the least, and jobs transferred overseas ain’t comin’ back. Quite simply, this is a depression no matter what they call it! ] Presented without commentary, suffice to say that idiots who look at the LEI and factor for the curve inversion subindicator deserve all they get.

Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool | Four years and the worst recession since the Great Depression later, Schiff stands alone again with a bleaker diagnosis for the economy: an inflationary depression.

Democrats, Advocacy Groups Blast Cuts to Food Stamps to Fund $26B Aid Bill Some Democrats are upset and advocacy groups are outraged over the raiding of the food-stamp cupboard to fund a state-aid bailout that some call a gift to teachers and government union workers.

15 Economic Statistics That Just Keep Getting Worse A little over a week ago, U.S. Treasury Secretary Timothy Geithner penned an article for the New York Times entitled “Welcome To The Recovery” in which he touted the great strides that the U.S. economy was making.

America Is ‘Bankrupt Mickey Mouse Economy’: CIO America is a “Mickey Mouse economy” that is technically bankrupt, according to Jochen Wermuth, the Chief Investment Officer (CIO) and managing partner at Wermuth Asset Management.

DRUDGEREPORT: America Is 'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer...
Claims of Afghan civilian deaths spark protest...
Military sees heavier fighting in fall...

PAPER: 10 reasons why Obama presidency is in meltdown...
GALLUP: Even the Poor Are Abandoning Obama; Approval Under 50%...
Obama abolishes White House position dedicated to transparency...

Michelle Obama popularity falls...

UPDATE: Suspected serial killer arrested in Atlanta...
Attempting to flee to israel … to be with kindred spirits ...

MOB RUSH FOR FED AID DRAWS RIOT POLICE
DOW drops 265...
Feds rethink policies that encourage home ownership...
Obama: $3 Billion More in Aid for Unemployed...
US posts widest trade gap in 20 months...
Q2 GDP Growth Could Be Revised To Just 1% After Trade Data...
PUMP: FED TO BUY MORE DEBT...
DOWNGRADES OUTLOOK...
US-backed fighters in Iraq defect to al-Qaida... [Winning hearts and minds … for Al Qaida … just one too many civilian deaths for no good reason at all ]

BACK TO SPEND SOME MORE!

Republicans Suggest Names for 'Second Stimulus' Bill...
'Where do the bailouts end?'  [I feel compelled to comment here that even capital hill math would be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t really have, to save 300,000 state / local government jobs! After all, the nation is defacto bankrupt! ]

Google-Verizon Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.

Ambac says it's working on bankruptcy filing MBIA Inc. reports a quarterly profit, while rival bond insurer Ambac Financial Group posts a loss....

Food Inflation Coming To A Household Near You, As Wal-Mart Hikes Prices At Fastest Pace Since Early January Nothing to see here, except yet another sign of the food inflation that’s the story of the moment.

Albert Edwards Explains How The Leading Indicator Is Already Back Into Recession Territory And Why The Japan “Ice Age” Is Coming Albert Edwards reverts to his favorite economic concept, the “Ice Age” in his latest commentary piece, presenting another piece in the puzzle of similarities between the Japanese experience and that which the US is currently going through.

The Horrific Derivatives Bubble That Could One Day Destroy The Entire World Financial System Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it.

Fed set to downgrade outlook for US Financial Times | The Federal Reserve is set to downgrade its assessment of US economic prospects.

Goldman Made Between $11 And $16 Billion In 2009 Trading CDS And Other Derivatives As part of its most recent FCIC grilling, David Viniar left the political theater a month ago with a homework assignment to disclose all of the firm’s derivative profits, as well as provide granular detail on its derivative trades.

Japan Redux: A Video Case Study Of The Upcoming U.S. Lost Decade Whether one believes in inflation or deflation, one thing is certain: in many ways the current US experience finds numerous parallels to what has been happening in Japan for not one but two decades.

Pentagon can’t account for $8.57 billion in Iraqi funds B is for billions. And b is for it’s hard to believe that they’ve done it again. The last time, even more money vanished, which I noted in my article, Following Pentagon trillions to Israel and 9-11. This was under the Zionist Dov Zakheim’s watch as Comptroller of the Pentagon from May 4, 2001, to March 10, 2004.

Wall Street bill sweeps away stray remnant of 1933 Glass-Steagall Act In seven simple lines buried in this year’s financial overhaul bill, lawmakers swept away one of the last vestiges of the 1933 Glass-Steagall Act that held sway over markets for decades.

Small firms pay price of bank boom: As bankers celebrate more profits, more companies die from lack of loans Small businesses are paying the price for the banks’ dramatic return to bumper profits.

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…

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.

Stepping Aside Because I Can Always Buy Back In Leigh Drogen ‘I sold out of everything this morning, for a few reasons...’

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 Simon Maierhofer, 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…

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.

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

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!]

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.

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 ...

Capital Controls: The Final Phase in the Great Looting of America Eric Blair | Capital controls are the next big event in the government-banking-oligarchy’s great looting of America.

Historic Voter Volatility in This Year of Fear It’s becoming increasingly clear that Americans aren’t simply in the midst of hard times. They are in the midst of one of the most volatile political environments since World War II.

Pat Tillman’s Father To Army Investigator: ‘F— You… And Yours’ There always was a dark cinematic thread to the story of Pat Tillman: the football star imbued with post-9/11 patriotism who was killed in a friendly-fire incident in the Afghan mountains and the allegations of a massive bureaucratic cover-up involving the highest levels of the U.S. Army in the wake of the tragedy.

Petraeus wants more time in Afghanistan Foreign Policy | ISAF commander Gen. David Petraeus and other military officers are publicly and privately pushing to limit troop reductions starting in July 2011.

Pat Tillman’s Father To Army Investigator: ‘F– You… And Yours’ Huffington Post | The Weinstein Company sent the Huffington Post two previously unseen letters written by Tillman’s father at the peak of frustration with the army’s investigation into his son’s death.

Military Industrial Complex: Of 158 retired generals advising wars, 80% tied to defense industry; 29 are defense CEOs USA Today | Of the 158 retired generals and admirals identified as mentors, 80% had financial ties to defense contractor; 29 were company executives.

Cybersecurity Lie Exposed: Power Plants Are Not Connected To The Internet Senator Joe Lieberman’s draconian Internet takeover legislation, the 197-page Protecting Cyberspace as a National Asset Act, is being promoted as a vital tool to protect vulnerable infrastructure hubs from terrorist attacks, but as a recent Wall Street Journal report makes clear, large industrial power and water plants are not even connected to the public Internet.

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

Obama Approval Rating Revisits Rock Bottom Despite Positive Media Spin Despite positive corporate media spin amidst a cacophony of criticism from both sides of the political spectrum, Barack Obama’s approval rating matched its record low today according to Rasmussen Reports.

Bailouts Went To Foreign Banks: Congressional Report Confirms What We Already Knew A Congressional Oversight Panel issued today highlights the fact that large portions of the Treasury’s $700 billion bailout fund have gone straight into the coffers of foreign banks, a fact that we knew months ago, but is only now being officially recognised.

Activists Take On Fluoridated Water in Wichita Concerned citizens in Wichita, Kansas, have informed that city’s public officials about a poster campaign designed to inform the public about the health hazards of water fluorination.

Illegal Immigrants Account for 8% of U.S. Newborns, Study Shows As many as 340,000 of the 4.3 million babies born in the U.S. in 2008 had at least one parent who was an illegal immigrant, according to a Pew Hispanic Center study of Census Bureau data.

Fed Leads America “To The Brink Of Collapse” When even the New York Times and CNN are admitting that the United States faces not only a double-dip recession but potentially a new great depression, any alarm bells that have not been rung should now be sounding loudly.

Anderson Cooper Apologizes For Media Complicity In Tillman Cover-Up Interview with Pat Tillman’s father about new documentary exposing how the government with help from the media used Pat Tillman’s death to promote the war.

Marc Faber: Protect Your Property with High Voltage Fences, Barbed Wire, Booby Traps, Military Weapons and Dobermans Investment guru and publisher of The Gloom, Boom and Doom report, Marc Faber, regularly discusses investment strategies for protecting and building wealth during times of economic distress.

Infowars.com Poll: Attack On Iran Imminent Kurt Nimmo | Nearly 60% of respondents to an Infowars.com poll believe the U.S and Israel will attack Iran in the near future.

Activists Take On Fluoridated Water in Wichita Infowars.com | Concerned citizens in Wichita, Kansas, have informed that city’s public officials about a poster campaign designed to inform the public about the health hazards of water fluorination.

Fed Leads America “To The Brink Of Collapse” Paul Joseph Watson | Bernanke announcement that central bank will buy US debt marks point of no return.

15 Economic Statistics That Just Keep Getting Worse The Economic Collapse | Anyone who claims that things are getting “better” is either ignorant, completely deluded or is purposely lying.

Economy Teeters On The Brink and Market Manipulation Continues Bob Chapman | It’s just the same old, same old, business as usual in America.

Google and Verizon DID do a deal for new internet ‘first class’ superhighway Technology giants Google and Verizon have today paved the way for a future ‘two-tier’ internet in which companies can pay extra to make sure their services get through. Google-Verizon Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

Iran Retaliates Against Sanctions: To Drop All Trade In “Filthy” Euro, Dollar Yet another step in the escalation between Iran and the US came earlier today.

The Cycle of Violence in Afghanistan Last week the National Bureau of Economic Research published a report on the effect of civilian casualties in Afghanistan and Iraq that confirmed what critics of our foreign policy have been saying for years: the killing of civilians, although unintentional, angers other civilians and prompts them to seek revenge. This should be self-evident.

Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.

Street Action: Poison In Tap Water Fliers Went out on a beautiful Saturday after noon in Edmonton Alberta posting more fliers, posters etc. had a great time had a few people harass me but nothing big. Just gave me motivation to do more!! Resistance is Victory. Never Forget that.!!

Wheat Crisis Threatens Inflationary Timebomb, Food Riots Russia’s ban on wheat exports following widespread fires in the country sent food prices skyrocketing by 19 per cent in just a single week as fears grow that global volatility in foodstuffs and commodities could lead to a worldwide inflationary timebomb accompanied by widespread food riots.

The Obama presidency increasingly resembles a modern-day Ancien Régime: extravagant and out of touch with the American people What the great French historian Alexis de Tocqueville would make of today’s Obama administration were he alive today is anyone’s guess.

The Coming Collapse of The U.S. Political Establishment The last U.S. puppet regime to fall will be. . . the puppet regime in the White House.

Afghan war ‘kills 1,325 civilians this year’ More than 1,300 civilians have been killed in Afghanistan so far this year, mostly by Taliban insurgents, a leading Afghan rights group said Sunday.

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.

Iran Unveils New Submarines and Makes More Persian Gulf Warnings Iran announced the addition of four new submarines to its fleet Sunday, saying the Iranian-manufactured vessels to be deployed in the Persian Gulf have sonar-evading technology and can launch torpedoes and missiles simultaneously.

Pentagon can’t account for $8.57 billion in Iraqi funds B is for billions. And b is for it’s hard to believe that they’ve done it again. The last time, even more money vanished, which I noted in my article, Following Pentagon trillions to Israel and 9-11. This was under the Zionist Dov Zakheim’s watch as Comptroller of the Pentagon from May 4, 2001, to March 10, 2004.

Fidel Castro: Obama can avert impending nuclear holocaust Miami Herald | If Obama approves an attack on Iran, war will spread through the Middle East and Asia and cause hundreds of millions of deaths, Castro warned.

Who poses the real threat to the Internet? A new opinion piece on CNN.com argues that it’s the government, not the companies providing internet access, that is the real danger to free speech and the internet. [I personally have found more often and prospectively problematic is that said government / company distinction is one without a difference when the government flexes muscle, particularly with leverage as ie., to non-performing monopolist microsoft, nsa/cia partner google (to a lesser extent at this juncture), cnn/timewarner cable (incompetence also a factor), fedex, etc.].

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.

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.

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”.

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.

Down in the Dumps Street: Dave's Daily Wall Street now Dump Street.

Options Action: Bearish Bet on the Market ‘During tumultuous times you want to protect your portfolio but how should you do it? Brian Stutland has a strategy using the S&P ETF He suggests selling a call against a long position.

[$$] Prepping for a Data-Filled Friday [Writing covered calls is an interesting, conservative financial strategy that certainly can enhance overall return, but as well, limit upside potential / capital gains … which in this market is ‘no problemo’ whatsoever, reality considered ]‘There were several folks out this morning yelling to buy the dip (Jim Cramer was one of them), and traders who followed that advice did pretty well. Rather than buying the dip, I used the initial drop to escape some positions I thought were going to expire worthless, then I used the bounce to lighten up more. Bears were able to get the SPDR back under the $108.75 to $108.88 area, which I see as key right now. Another Friday and I'm curious to see any impact from the weekly options. Will the big names be stuck right around the strikes where they stand now? Unfortunately, the bigger tech names are closer to their downward strikes than their higher strikes, so that could pressure the market. One name that doesn't seem to care is Baidu. It is right in between the $80 and $85 strike right now, so...’

Jobless claims jump to 5-month high The number of first-time filers for unemployment insurance rose to the highest level since late February last week, according to a weekly government report released Thursday.

Lavish lifestyle for bank executive in Waters case (Washington Post) While this is typical of California, isn’t it as typical of the wall street frauds? Scammin’ everybody with that too big to fail b*** s*** when they’re a net economic drain, high frequency churn-and-earn computer programmed trading scams among the more blatant frauds emanating from their insatiable greed and sense of entitlement. Previous post: 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 (with benefits the package was an incredible $1,500,000), 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 previously set forth on this website. Drudgereport: 'Where do the bailouts end?'  [I feel compelled to comment here that even capital hill math would be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t really have, to save 300,000 state / local government jobs! After all, the nation is defacto bankrupt! ]

On-air use of N-word 'was wrong' (AP) (Washington Post) [The infamous ‘N’ word … the wobama Oedipal effect …] Dr. Laura apologizes for using it on talk radio show with caller she deemed "hypersensitive" to racism.

Bailouts benefited foreign firms (Washington Post) True enough! But, truth be told, the fraud giving rise to the financial debacle was home grown americana. Moreover, the remnants of same are still out there in the trillions, now ‘marked to anything they so choose’, courtesy of a complicit, albeit after the fact, congress. This is the point … rather than as should have been the case of making the perps pay, the bailouts / cover-ups by now enablers if not accomplices is ending quite badly with much worse to come, and that includes those european lightweights who have come into the fraudulent wall street fold to theirs and the world’s economic and financial detriment.

U.S. trade deficit startles markets (Washington Post) [ Unexpectedly? I don’t think so! And, I have my site, other references / links and posts to prove it; and, what’s more, I’m not alone. After all, what are NAFTAs for anyway. However, I also must candidly admit I don’t frequent the mainstream blather / propaganda that includes the ‘money-honeys’ (when the messenger’s more important than the message, problems and distortions are bound to follow) and their ilk, etc.. NBR’s about it and even they have their pressures (I don’t consider the Washington Post mainstream in the pejorative sense of the word, with a rich journalistic history to back that up, all things considered) ]. Unexpectedly bad news from three continents reinforces fears that global recovery is faltering.

Obama signs $26 billion jobs bill (WP)   [I feel compelled to comment here that even using capital hill math one would be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t really have, to save 300,000 state / local government jobs! After all, the nation is defacto bankrupt! I think the former Soviet Union would have done the same.]

Fed action signals new activism (Washington Post) [ Riiiiight! The activist fed! That’s all we need. As if we needed more of what brought us to this point! Certainly the fed’s role in the continuing and current financial crisis / debacle cannot be ignored or disputed. Nothing like a hegelian methodology to create the very problems for which they are called upon to offer solutions, increasing their sense of importance, and concentrating power thereby. (Think about it. It is really rather quite absurd that each meeting time the financial markets hold their bated breath for these incompetent boobs). Then there’s the cover-up with an opportunity for enrichment of some, usually the tight-lipped yes-men then ever after and forever bonded in what becomes tantamount to an almost fraternal link by ‘virtue’ of the crime thereby. No, I’m not saying their initial missteps were necessarily badly intended, but the manipulations thereafter to obfuscate their incompetence (senile greenspun, no-recession-helicopter-ben, etc.) comes at a great price and is nothing less than tantamount to or just outright crime. I’d abolish the fed without hesitation or compunction. After all, at this point of decline and defacto bankruptcy of the nation you certainly can’t point to success nor argue their indispensability. Then there’s also the missing trillions, over-printing of fiat currency, and all that sub rosa activity with the worthless fraudulent toxic paper which I believe is being supplanted with ultimately hard currency to the great benefit of the frauds and great detriment to the nation.]

Google-Verizon Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

Resistance on Gaza flotilla came as surprise (Washington Post, 8-12-10) Oh, please! Spare me the b*** s***! You’re hurting my ears and eyes! There’s no excuse for what are typical militant, belligerent, provocative, war criminal israeli actions, to america’s and the world’s detriment. For one to buy into the typical israeli line they’d have to be deaf, dumb, and blind; and particularly, self-destructively foolish. It’s sadly always the same old story with the bloodthirsty israelis, with the few exceptions, bright lights as they were, ie., Christ, Rabin, etc., meeting the same bloody and dismal fate.

Netanyahu: Raid on aid flotilla was 'last resort' after talks failed (Washington Post) Come on! Isn’t everyone tired of the israeli b*** s*** of contriving circumstances to sabotage resolution, then having everyone pay the price for their intransigence and militancy (they have illegal nukes, commit war crimes, etc.). Then there’s the everyone play dumb in light thereof; and, defacto bankrupt america, et als, have been very dumb which is not lost on the rest of the world. Time for tough action against war criminal nation, international law / u.s. resolution violator israel.

Google-Verizon Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

San Francisco Fed: “A Recessionary Relapse Is A Significant Possibility Sometime In The Next Two Years” [ Picture the fed as a pseudo ninja with fancy foreplay / motions getting decked / ‘koed’ with a simple right-hook to the jaw by the antagonist named reality. All this finagling, manipulation, fiat currency over-printing, and nation bankrupting debt, and … nothing / nada / ‘growth ‘ estimates revised downward, unemployment unabated since economic reality figures somewhat in hiring to say the least, and jobs transferred overseas ain’t comin’ back. Quite simply, this is a depression no matter what they call it! ] Presented without commentary, suffice to say that idiots who look at the LEI and factor for the curve inversion subindicator deserve all they get.

Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool | Four years and the worst recession since the Great Depression later, Schiff stands alone again with a bleaker diagnosis for the economy: an inflationary depression.

Democrats, Advocacy Groups Blast Cuts to Food Stamps to Fund $26B Aid Bill Some Democrats are upset and advocacy groups are outraged over the raiding of the food-stamp cupboard to fund a state-aid bailout that some call a gift to teachers and government union workers.

15 Economic Statistics That Just Keep Getting Worse A little over a week ago, U.S. Treasury Secretary Timothy Geithner penned an article for the New York Times entitled “Welcome To The Recovery” in which he touted the great strides that the U.S. economy was making.

America Is ‘Bankrupt Mickey Mouse Economy’: CIO America is a “Mickey Mouse economy” that is technically bankrupt, according to Jochen Wermuth, the Chief Investment Officer (CIO) and managing partner at Wermuth Asset Management.

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…

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.

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 Simon Maierhofer, 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…

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

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!]

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.

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 ...

Cybersecurity Lie Exposed: Power Plants Are Not Connected To The Internet Senator Joe Lieberman’s draconian Internet takeover legislation, the 197-page Protecting Cyberspace as a National Asset Act, is being promoted as a vital tool to protect vulnerable infrastructure hubs from terrorist attacks, but as a recent Wall Street Journal report makes clear, large industrial power and water plants are not even connected to the public Internet.

Obama Approval Rating Revisits Rock Bottom Despite Positive Media Spin

Cybersecurity Lie Exposed: Power Plants Are Not Connected To The Internet Senator Joe Lieberman’s draconian Internet takeover legislation Vegetable zionist Zelig joe lieberman’s Model For America: Purging The Internet of Dissent When political Zelig joe lieberman

Bailouts Went To Foreign Banks: Congressional Report Confirms What We Already Knew A Congressional Oversight Panel issued today highlights the fact that large portions of the Treasury’s $700 billion bailout fund have gone straight into the coffers of foreign banks, a fact that we knew months ago, but is only now being officially recognised.

Activists Take On Fluoridated Water in Wichita Concerned citizens in Wichita, Kansas, have informed that city’s public officials about a poster campaign designed to inform the public about the health hazards of water fluorination.

Illegal Immigrants Account for 8% of U.S. Newborns, Study Shows As many as 340,000 of the 4.3 million babies born in the U.S. in 2008 had at least one parent who was an illegal immigrant, according to a Pew Hispanic Center study of Census Bureau data.

Fed Leads America “To The Brink Of Collapse” When even the New York Times and CNN are admitting that the United States faces not only a double-dip recession but potentially a new great depression, any alarm bells that have not been rung should now be sounding loudly.

Anderson Cooper Apologizes For Media Complicity In Tillman Cover-Up Interview with Pat Tillman’s father about new documentary exposing how the government with help from the media used Pat Tillman’s death to promote the war.

Marc Faber: Protect Your Property with High Voltage Fences, Barbed Wire, Booby Traps, Military Weapons and Dobermans Investment guru and publisher of The Gloom, Boom and Doom report, Marc Faber, regularly discusses investment strategies for protecting and building wealth during times of economic distress.

Infowars.com Poll: Attack On Iran Imminent Kurt Nimmo | Nearly 60% of respondents to an Infowars.com poll believe the U.S and Israel will attack Iran in the near future.

Activists Take On Fluoridated Water in Wichita Infowars.com | Concerned citizens in Wichita, Kansas, have informed that city’s public officials about a poster campaign designed to inform the public about the health hazards of water fluorination.

Fed Leads America “To The Brink Of Collapse” Paul Joseph Watson | Bernanke announcement that central bank will buy US debt marks point of no return.

15 Economic Statistics That Just Keep Getting Worse The Economic Collapse | Anyone who claims that things are getting “better” is either ignorant, completely deluded or is purposely lying.

Economy Teeters On The Brink and Market Manipulation Continues Bob Chapman | It’s just the same old, same old, business as usual in America.

Google and Verizon DID do a deal for new internet ‘first class’ superhighway Technology giants Google and Verizon have today paved the way for a future ‘two-tier’ internet in which companies can pay extra to make sure their services get through. Google-Verizon Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

Iran Retaliates Against Sanctions: To Drop All Trade In “Filthy” Euro, Dollar Yet another step in the escalation between Iran and the US came earlier today.

The Cycle of Violence in Afghanistan Last week the National Bureau of Economic Research published a report on the effect of civilian casualties in Afghanistan and Iraq that confirmed what critics of our foreign policy have been saying for years: the killing of civilians, although unintentional, angers other civilians and prompts them to seek revenge. This should be self-evident.

Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.

Street Action: Poison In Tap Water Fliers Went out on a beautiful Saturday after noon in Edmonton Alberta posting more fliers, posters etc. had a great time had a few people harass me but nothing big. Just gave me motivation to do more!! Resistance is Victory. Never Forget that.!!

Wheat Crisis Threatens Inflationary Timebomb, Food Riots Russia’s ban on wheat exports following widespread fires in the country sent food prices skyrocketing by 19 per cent in just a single week as fears grow that global volatility in foodstuffs and commodities could lead to a worldwide inflationary timebomb accompanied by widespread food riots.

The Obama presidency increasingly resembles a modern-day Ancien Régime: extravagant and out of touch with the American people What the great French historian Alexis de Tocqueville would make of today’s Obama administration were he alive today is anyone’s guess.

The Coming Collapse of The U.S. Political Establishment The last U.S. puppet regime to fall will be. . . the puppet regime in the White House.

Afghan war ‘kills 1,325 civilians this year’ More than 1,300 civilians have been killed in Afghanistan so far this year, mostly by Taliban insurgents, a leading Afghan rights group said Sunday.

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.

Iran Unveils New Submarines and Makes More Persian Gulf Warnings Iran announced the addition of four new submarines to its fleet Sunday, saying the Iranian-manufactured vessels to be deployed in the Persian Gulf have sonar-evading technology and can launch torpedoes and missiles simultaneously.

Pentagon can’t account for $8.57 billion in Iraqi funds B is for billions. And b is for it’s hard to believe that they’ve done it again. The last time, even more money vanished, which I noted in my article, Following Pentagon trillions to Israel and 9-11. This was under the Zionist Dov Zakheim’s watch as Comptroller of the Pentagon from May 4, 2001, to March 10, 2004.

Fidel Castro: Obama can avert impending nuclear holocaust Miami Herald | If Obama approves an attack on Iran, war will spread through the Middle East and Asia and cause hundreds of millions of deaths, Castro warned.

Who poses the real threat to the Internet? A new opinion piece on CNN.com argues that it’s the government, not the companies providing internet access, that is the real danger to free speech and the internet. [I personally have found more often and prospectively problematic is that said government / company distinction is one without a difference when the government flexes muscle, particularly with leverage as ie., to non-performing monopolist microsoft, nsa/cia partner google (to a lesser extent at this juncture), cnn/timewarner cable (incompetence also a factor), fedex, etc.].

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.

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”.

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.

In weak economy, more people are filing early for Social Security (Washington Post) I think this to be a combination of prescience and ‘get while the getting’s good’. After all, this is an unfunded promise meant to be broken by defacto bankrupt America.

Military experience helps shape future career success (Washington Post) [Oh yes. That now typical american government / military experience; born of nothing and offering nothing of real value morphing into that so-called conduit for treasury-draining money flows aka the infamous consultant]. John Morgan's service in the Navy propels him to greater responsibilities at the Pentagon, and eventually to a consulting position with Toffler Associates.

INSIDER TRANSACTIONS (Washington Post) APPOINTMENTS:  Insider Transactions: Appointments (Washington Post) Yes, it all sounds like a plan! A bad one for most; but, lucrative for a few, as is so with crime in the general sense.

The anti-business president's pro-business recovery(Washington Post) [First, what recovery? He’s just with open-eyes transferred treasury / taxpayer dollars to fraudulent wall street et als including the military complex while incurring unsustainable debt loads for already defacto bankrupt america. Others have already recognized this reality. Is Obama a Marxist? He Works for the Bankers Poll: Waning support for Obama on wars Support for Obama’s wars fell to 36%, down from 48% - 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. 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.

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 Baghdad Barlett and Steele - Vanity Fair September 2007
Those Who Blow Whistle on Contractor Fraud in Iraq Face Penalties Hastings - AP 2007
Auditor Quits with NASA Finances in ChaosBy Nag and Zabarenko2004
The War on WasteCBS News Citing "cooked books" at DOD, Rumsfeld on the missing $2.3 trillion, 2002
Military Stashes Covert Millions St. Petersburg Times 2003

The power of Palin's touch (Washington Post) [Wow! Talk about stupid. Murphy could have eliminated the middle-man (person) and appeared on SNL himself; maybe reprising a familiar (Eddie) Murphy role as Gumby 2, Son of Gumby. The only thing funnier is palin herself. She’s so embarrassingly dumb!] .Endorsement lifts little-known candidate in Md., giving the struggling campaign a "megaphone."

San Francisco Fed: “A Recessionary Relapse Is A Significant Possibility Sometime In The Next Two Years” [ Picture the fed as a pseudo ninja with fancy foreplay / motions getting decked / ‘koed’ with a simple right-hook to the jaw by the antagonist named reality. All this finagling, manipulation, fiat currency over-printing, and nation bankrupting debt, and … nothing / nada / ‘growth ‘ estimates revised downward, unemployment unabated since economic reality figures somewhat in hiring to say the least, and jobs transferred overseas ain’t comin’ back. Quite simply, this is a depression no matter what they call it! ] Presented without commentary, suffice to say that idiots who look at the LEI and factor for the curve inversion subindicator deserve all they get.

9 Reasons Why You Won’t See A Jobs Recovery Anytime Soon In two words: small businesses.

Federal Employees Earn 30 to 40 Percent More than Private-Sector Workers, Study Finds Federal employees earn 30 to 40 percent more money than their private sector counterparts on average, a study from the conservative Heritage Foundation finds.

The Oil Price Surge Indicator Says There’s A 100% Chance Of A New Recession No, that headline is not a typo.

Gerald Celente On the Alex Jones Show: Double Dip Depression Will Lead Us Into War The white shoe boys are taking us into the worst depression in history.

Google-Verizon Pact: It Gets Worse [ Timothy Berners-Lee, putative father of the internet along with Cerf, has already weighed in on this topic and strenuously opposed same and whose learned opinion should be given great weight. google and verizon as mere government shills at best and government, ie., nsa / cia, etc., operatives at worst, are ‘johnny-come-latelies’ and died fast in government hands! ]. So Google and Verizon went public today with their “policy framework” — better known as the pact to end the Internet as we know it.

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.

Accountability is unclear in israeli probe of flotilla raid (Washington Post) Oh, come on! An israeli probe of an israeli massacre of civilians. Time for israel to pay; for illegal nukes, for violations of international law, for continued violations of u.n. resolutions, for provocations as pretexts to sabotage peace talks, and on and on ad nauseum. Why does america among other nations feel compelled to sacrifice themselves for the sake of a global criminal nation with an insatiable greed and blood-thirst as israel?

What Pentagon cuts mean for future of defense contractors (Washington Post) Well, taking a page from the fraudulent wall street glass always half full even when empty camp, they might say more pie and less competition for that inner circle of frauds. You know, this is a dead goose with gold-plated eggs scenario. Reality: U.S. IS BANKRUPT AND WE DON’T EVEN KNOW IT : LAURENCE KOTLIKOFF LAURENCE KOTLIKOFF AUG. 11 (BLOOMBERG) -(WASHINGTON POST) - LET’S GET REAL. THE U.S. IS BANKRUPT. NEITHER SPENDING MORE NOR TAXING LESS WILL HELP THE COUNTRY PAY ITS BILLS ... Peter Schiff: “We’re in the Early Stages of a Depression” The Motley Fool | Four years and the worst recession since the Great Depression later, Schiff stands alone again with a bleaker diagnosis for the economy: an inflationary depression.

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.

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.

China orders closure of more than 2,000 factories Associated Press (Washington Post) [ Riiiight! The ultimate environmentalists. The communist Chinese. How ‘bout that’s the China bubble bursting that you hear / see! Be sure to wear some flowers in your hair… if you’re goin’ to san fran Beijing, your goin’ to meet some gentle people there … ] China orders 2,087 steel and cement mills and other factories with poor energy efficiency to close as the country struggles to improve its battered environment.

(08-09-10) Economists Herald New Great Depression The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added his voice to scores of others now forecasting ongoing economic doom on a scale not seen since the 1930s.

Social Security borrowing cash to tap its own trust fund (Washington Post) [ Wow! Talk about creative accounting / finance. Borrowing more cash to replace paper IOU’s which should be cash but has been spent. Yes, indeed! This sounds like a plan not sound. Sounds like defacto bankruptcy! ] This year's cash deficit, the first since the early 1980s and the biggest ever, means the government will have to borrow money to redeem some of the Treasury securities in the trust fund.

Freddie Mac's loss narrows, but firm needs more aid (Washington Post) [ Sounds like a plan! After all, what are corporations for in a free enterprise capitalist system but to as closely as possible follow that fraudulent wall street boondoggle paradigm of socializing the losses and privatizing the gains. I still can’t get over those compensation packages that probably exceed the value of the company.] Mortgage finance giant Freddie Mac said that its loss in the second quarter narrowed but that taxpayers would still be on hook for the foreseeable future.

Post Co. reports big increase in second-quarter earnings Congratulations to the Washington Post for well deserved results! A testament to the fact that excellence in fearless journalism has its rewards! … If not the Post, then who? … :

Economist sticks by stimulus, regrets call on jobless rate (Washington Post) Well, they skipped the ‘fall on her sword for the sake of the empire’ part, albeit a defacto bankrupt empire … or, maybe that’s why she was chosen … because she’s a Rome ..r. I’m still perplexed since ‘no-recession-helicopter-ben’ bernanke and senile greenspun have far worse track records and indeed have been causative agents for crises owing to their consistent ‘misdiagnoses’, and as if tenured to said position received no such critical, job-jeopardizing scrutiny ( I’d abolish the fed, absent full audit / transparency. In other words, I’d abolish the fed).

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.

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***!

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. 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.

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

Recovery sputters as companies add few jobs (Washington Post) ‘The nation’s economic recovery continued to sputter in July as employers kept shedding jobs and 181,000 discouraged workers dropped out of the labor force, according to a government report released Friday… ‘ [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 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

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.

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***!

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.

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.

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’.

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?)

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.

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

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.

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].

Army analyst linked to WikiLeaks hailed as antiwar hero:  Many rally to soldier's defense after disclosure of classified documents (Washington Post) Indeed, if not him, then who. Pat Tillman, a late convert to that position was fragged for it. Wobama, who was elected in large part for it, has an irrevocably failed presidency for lack of it! He is a hero inasmuch as quite possibly the magnitudes of the frauds might be lessened and civilians spared the american induced ‘hell on earth’!

Push to cut top brass causing much unease (Washington Post) [ Of ‘geese and gold-plated eggs’ … I think only fables, cartoons, and nursery rhymes are the means by which to convey the depth and seriousness of america’s decline / bankruptcy. They really just don’t get it. Denial. Mental infirmity. Outright stupidity. Whatever the reason, reality is what it is. DRUDGEREPORT: America Is 'Bankrupt Mickey Mouse Economy'...
WIRE: USA 'Bankrupt and We Don't Even Know It'...

DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
YOUTH UNEMPLOYMENT HITS RECORD HIGH
JOBLESS CLAIMS JUMP TO HIGHEST SINCE FEB...
California can't pay bills -- may use IOUs for August payments...
DEFICIT ADDS $165,040,000,000.00 -- IN ONE MONTH!
Homes lost to foreclosure up 6% from last year...
Grim Voter Mood Turns Grimmer... and others Economists Herald New Great Depression … ] None of the Pentagon's spending cuts and budget battles is causing more angst than Robert Gates's vow to trim number of generals and admirals.

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

Contracting industry anxious about Defense cutbacks (Washington Post) [As well they should be inasmuch as in any rational / solvent nation, they wouldn’t be spending what they don’t have. Defacto bankrupt america, spends what it really doesn’t have in amounts exceeding more than the defense / military spending of all other nations in the world combined. Yes; at long last, the entitlement programs of the military industrial complex warned of by underrated President General Eisenhower are in jeopardy. ]

Pentagon to cut thousands of jobs, defense secretary says (Washington Post) [ Sure sounds like he means business; and, it’s certainly somewhat reassuring to see a state almost as bad as mob infested pervasively corrupt jersey, viz., virginia, take the hit (virginia is predominantly government mob, much of which is cia at that). Yet, one must be skeptical of what this perpetual-war, hot or cold, career cia slug is actually accomplishing with these relatively small peripheral cuts given the defacto bankrupt status of the nation. But, this is one of those rare instances of something being better than nothing since guns verses butter is real economic decision-making and reality. ]

Petraeus: Strategy is on track (Washington Post) (What strategy? It just gets worse. america’s defacto bankrupt! Plus, we’ve heard this before! Drudgereport: Petraeus: 'We're doing everything we can' …[Sounds like a plan!]...Builds Case for 'Success' in Afghanistan …[If only words could make it so!]...) In Washington Post interview, general says he sees signs of progress in Afghanistan, supports Obama's decision to begin withdrawing troops next July.

Base in Kyrgyzstan remains on track (Washington Post) Sounds like a plan! In Osh, no less; which similarity to Osh Kosh confers a certain ‘legitimacy’ to america’s self-destructive, nation-bankrupting non-strategy of ‘being there’. A new raison d’etre, so to speak! Osh, Kosh, be Gosh!

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.

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***!

Afghans still see U.S. as bad guy (Washington Post ) [Riiiiight! Sounds like a plan … winning hearts and minds throughout the world … great for exports also as such ‘won hearts and minds’ just love to buy american.] American, NATO forces retain blame for civilian deaths despite spike from insurgent violence.

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.

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

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.

Accountability is unclear in israeli probe of flotilla raid (Washington Post) Oh, come on! An israeli probe of an israeli massacre of civilians. Time for israel to pay; for illegal nukes, for violations of international law, for continued violations of u.n. resolutions, for provocations as pretexts to sabotage peace talks, and on and on ad nauseum. Why does america among other nations feel compelled to sacrifice themselves for the sake of a global criminal nation with an insatiable greed and blood-thirst as israel?

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

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.

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!

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’.

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.

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.

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.!

SEC enforcers get to keep subpoena authority

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

SEC enforcers get to keep subpoena authority (Washington Post) I believe that they should also be empowered to bring criminal charges inasmuch as the doj and u.s. attorneys offices thereunder seem either unwilling, lacking courage, incapable, without specific knowledge in the securities field (inept), or just, as is my experience, plain corrupt, politically motivated, and venal. This national decline, economic and otherwise, will not end until justice is served and, ie., the wall street frauds et als are criminally prosecuted, jailed, fined, and disgorgement imposed.

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 3^rd 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.

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 - Tariq Malik - 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 - Bill Ingalls - 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.

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.

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.

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.

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!

OOOOH! 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’.

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.

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 3^rd 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.

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 - Tariq Malik - 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 - Bill Ingalls - 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.

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. …
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.

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 - Ed O'Keefe - 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 …’

Simon Maierhofer: ‘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 ... ‘

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.

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 ...

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)…

YEAR 9: Petraeus in Afghanistan warns of tough mission … What mission? What plan?.What strategy? National bankruptcy?… Mission accomplished! ...

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...

YEAR 9: Petraeus in Afghanistan warns of tough mission … What mission? What plan?.What strategy? National bankruptcy?… Mission accomplished! ...

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. … 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  Simon Maierhofer ‘ … 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!

Grace Kelly: Eternal fashion icon (Washington Post) To reiterate, I seldom comment on entertainment matters; but, I also would not pass up the opportunity to pay homage to such a ‘magnificent and exotic creature (in the most positive sense the term is used)’ as Grace Kelly, the Eternal Princess. I previously referenced her in the post which follows and includes the context of the post. One might say, London Exhibit? What? Yet, Alfred Hitchcock’s good taste and keen eye for splendor and beauty was not lost on Grace Kelly about whom he publicly raved (he also admitted his love for Cary Grant, but not that way. No, Alfred Hitchcock was not a homo).

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.

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

State Dept. faces skyrocketing costs as it prepares to expand role in Iraq:  Waning resources could endanger security gains, lawmakers are told (Washington Post) [ The ‘new never ending story’! america’s defacto bankrupt! Dat’s the story, jerry! What gains? Iraq’s destroyed. Iraq’s ‘covered’ in depleted uranium. The people are devastated. america’s defacto bankrupt. Come on! We’re getting close to biblical stuff here! There’s just no excuse for this compounding of war crimes committed by the u.s. and ‘friends’.]

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
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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 3^rd 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.

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!

OOOOH! 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’.

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 - Tariq Malik - 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 - Bill Ingalls - 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: 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...
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...
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.