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
]
U.S. Financial System Still "Fundamentally
Corrupt," Kotlikoff Says: Here's How to Fix It ‘We have a "fundamentally corrupt
financial system" and the Dodd-Frank reform bill did nothing to change it,
says Boston University economics professor Laurence
Kotlikoff. "Relatively little has changed except there are
going to be more federal regulators who are probably going to miss major
problems." At the core of the 2008 crisis was "the production and
sale of trillions of fundamentally fraudulent securities," Kotlikoff says,
suggesting all levels of society participated in the fraud -- including
homeowners. At the center of it all were financial intermediaries (a.k.a. Wall
Street) who packaged and sold "snake oil under the guise of proprietary
information" to limit or eliminate disclosure, and enabled by corrupt
rating agencies, regulators and elected officials, he says. In the accompanying video, Kotlikoff
explains how we can "make Wall Street safe for Main Street." In short, we should transform all financial
companies with limited liability (banks, hedge funds, private equity firms and
insurance companies alike) into mutual funds, which the professor describes as
"little banks that have 100% capital requirements. " Notably, the big
mutual fund companies survived the "financial earthquake" of 2008-09
when the rest of the financial system collapsed, Kotlikoff recalls. In late
2009, Kotlikoff and Harvard's Niall Ferguson penned an op-ed for The FT describing a blueprint for
how to take moral hazard out of banking. Citing a speech by Bank of England
governor Mervyn King, Kotlikoff and Ferguson called for "limited purpose
banking" (LPB), that would "limit banks to their legitimate purpose -
financial intermediation and payment facilitation." Nine months later,
Kotlikoff remains convinced this "very simple reform" remains a much
better alternative than the financial reform bill hammered out in Washington -
with plenty of influence from Wall Street lobbyists. "We are rebuilding
[the system] out of straw rather than out of brick," Kotlikoff says,
suggesting his "LPB" proposal will ultimately be good for the economy
and provide a model for the rest of the world. "If we have a safe, sound
[financial] structure other countries will follow suit," he says.’
Stocks
Crushed AGAIN: Here's What You Need To Know From The Business
Insider All-around ugly. The
close was especially bad. But first, the scoreboard:
- Dow: -134
- NASDAQ: -36
- S&P 500: -15.5
And now, the top stories:
* The day really started last night when the
WSJ dropped its big story about the Fed being divided on the proper course
of action. The report sent jitters throughout the markets, both because the
future is uncertain, but also because it revealed that several of the Fed governors
aren't actually seeing the economic deterioration being seen by market
participants.
* The Nikkei started off and ended weak, as more
murmurs about BoJ-yen intervention gathered steam. Japanese FinMind Noda did
hold a yen-related press conference, but it mainly signaled that no action was
imminent, and the yen surged (later in the day that was tempered a little bit
by wire reports about a possible intervention).
* Europe continued the ugly trend as sovereign debt
worries continue to race into the fore. Greek shares plunged on talk of a
desperate merger among the country's banks. Even Germany's deficit is soaring.
* Stocks were already sagging in the early going when
existing
home sales data came out and was staggeringly bad. At a drop of 27.2%, the
number was far worse than the most dour expectations.
* That's when things got pretty bad. Stocks fell
further, the yen went ballistic, and the yield on the 10-year bond fell below
2.5%, a truly eye-popping number. Everyone is now presuming that another round
of quantitative easing (QE) is a done deal.
* There were a few moments in the day when the bulls
might try to make a run, but... nope. It never happened. Other notable market
measures: Gold is quietly creeping back to old highs, while oil is threatening
to fall below $70.
Traders Freaking Out Over WSJ Report On The Fed: Here's
Why From The Business
Insider ‘Last night, WSJ's John Hilsenrath reported that at the
last FOMC meeting, several of the Fed governors expressed reservations about
the plan to maintain the size of the balance sheet, and roll over MBS into
Treasuries. There are a lot of moving parts to the story because there are
different reasons for the objections. Some of the Fed governors are hawkish
(like Hoenig). Some are more dovish (like Bullard). And some think that the Fed
can't really do anything because our problems are more structural
(Kocherlakota). But here's what folks are taking away from the article: The Fed
is still way behind the curve in terms of how bad the economy is. It's
paralyzed. It's funny, because this is the exact opposite of what some people
initially thought -- there was this fear that the Fed knew something about bad
news coming down the pike that the public hadn't heard yet. In fact, as we now
know, the Fed isn't seeing what everyone else is. Anyway, this is the talk of
the morning, and it's helping send stocks down again.’
Housing Sinks Stocks, Dow at 6-Week
Low Midnight Trader4:20 PM, Aug 24, 2010 --
- NYSE down 103.95 (-1.5%) to 6,681.02
- DJIA down 134 (-1.3%) to 10,040
- S&P 500 down 15.5 (-1.5%) to 1,052
- Nasdaq down 36 (-1.7%) to 2,124
GLOBAL SENTIMENT
- Hang Seng down 1.1%
- Nikkei down 1.33%
- FTSE down 1.51%
UPSIDE MOVERS
(+) AVII reports positive study
results.
(+) MGIC signs four new partners.
(+) DTPI to be sold to
PriceWaterhouseCoopers for $12.50 per share.
(+) FMCN continues evening gain that
followed earnings.
(+) DUK downgraded.
DOWNSIDE MOVERS
(-) CRH warns for earnings.
(-) PFE says cancer study fails to meet
primary endpoint.
(-) BIG EPS beat by a penny, raises FY
EPS view though still straddles Street estimate.
(-) MDT meets with earnings, guides in
line to below Street view.
(-) BKS reports wider-than-expected
loss.
MARKET DIRECTION
Stocks end broadly in the red after
disappointing housing data. The major averages had erased the bulk of their
steep losses in afternoon action but a fresh leg down late in the session
pushed the indexes back into the lower half of the day's range. The DJIA had
dropped below 10,000 in the immediate wake of a reported drop in home resales
but ends just above that line, off 1.3%. The S&P 500 drops 1.5%, while the
tech-heavy Nasdaq sheds 1.7%. Stocks began the day under water as Asia and
European averages both dropped in reflection of global investor jitters over
the state of the recovery.
Crude futures end 2% lower, with the
October contract at $71.63, an eleven-week low. Gasoline for September delivery
settled at $1.85 a gallon, the lowest price since December 2009.
Equities and commodities fell after the
National Association of Realtors said sales of previously occupied homes
plunged 27% in July to an annual rate of 3.83 million, the lowest rate in 15
years. That's much worse than the 4.7 million estimate from economists polled
by Thomson Reuters. The 27% drop from the previous month was the biggest since
record-keeping began in 1968.
In company news:
Citigroup's (C) efforts to streamline its consumer unit in
North America has caused the overdue loans to jump more than originally
expected after the bank moved about 750,000 customer accounts to new locations,
Bloomberg reported, citing a person briefed on the matter. That could increase
the cost to make CitiFinancial--the name of the consumer finance unit--ready
for sale, the report said.
Johnson & Johnson (JNJ) fell amid a Food and Drug Administration
warning that its DePuy Orthopaedics unit is illegally marketing two products.
The FDA warned Johnson & Johnson's unit that one product has never been
approved for sale and another product is being sold for uses that have not been
specifically approved.
Pfizer Inc. (PFE) fell after its cancer drug Sutent failed
to improve the survival rates in patients who had previously been treated for
lung cancer. When combined with the drug Tarceva, however, Sutent met its
secondary goal of improving progression-free survival in patients.
Dell (DELL) is preparing a souped up offer for 3Par
inc. (PAR) as it competes with Hewlett-Packard (HPQ), which bid $1.6 billion earlier this
week, according to a Bloomberg report, citing a person familiar with the deal.
The offer could be sent in the coming days, the report said, citing the source.
Earlier, Dell had agreed to pay $1.5 billion for the company.
Tyson Foods (TSN) fell on news its subsidiary is recalling
380,000 pounds of deli meat that could be contaminated with Listeria
monocytogenes. The meats were produced by Zemco Industries and were sold to
Wal-Mart Stores (WMT) and
used for Marketside Grab and Go Sandwiches. The meats were produced between
June 18 and July 2.
In earnings news, Medtronic (MDT) shares are sharply lower after the
medical device company lowered its profit forecast, citing slowing sales for it
defibrillators and spinal products, reported Bloomberg. Medtronic reported Q1
non-GAAP EPS of $0.80, in line with the Thomson Reuters mean analyst estimate.
Revenue of $3.773 billion is down 4% compared to the $3.933 billion reported a
year ago. The Street expected $3.945 billion.
Barnes & Noble (BKS) fell after its first quarter loss was
bigger than expected, and the book store group cut its outlook for the year.
The company posted a loss of $62.5 million, or $1.02 a share excluding legal
costs, compared to a profit of $12.3 million, or 21 cents a share, a year ago.
Sales rose 21% to $1.4 billion.
Also, Big Lots (BIG) moved down 2.8% in choppy trade after
missing the Street on fiscal Q2 revenue; it's getting little lift from a raised
EPS forecast on the year, as economic concerns weigh on equities in today's
trading. The company reported $1.148 billion in Q2 revenue, compared with
Street's consensus view for $1.15 billion. The company reported earnings $63
million, or 48 cents per share, a penny better than the Street.
How to Get Through This Mess ‘… U.S. RECESSION NEVER ENDED; GDP TO CONTRACT IN Q3 Our suspicions have been confirmed - the recession never ended.
Macroeconomic Advisers produces a monthly U.S. real GDP series and it shows
that the peak was in April, as we expected, with both May and June down 0.4% in
the worst back-to-back performance since the economy was crying Uncle! back in
the depths of despair in September-October 2008. The quarterly data show that
Q2 stands at a +1.1% annual rate (so look for a steep downward revision for
last quarter) and the 'build in' for Q3 is -1.5% at an annual rate. Depending
on the data flow through the July-September period, it looks like we could see
a -0.5% to -1% annualized pace for the current quarter. Most economists have
cut their forecasts but are still in a +2.5% to +3.5% range. What is truly
amazing is that despite all the fiscal, monetary, and bailout stimulus, the
level of real economy activity, as per the M.A. monthly data, is still 2.5%
below the prior peak. To put this fact into context, the entire peak-to-trough
contraction in the 2001 recession was 1.3%! That is incredible. Interestingly,
and dovetailing nicely with our deflation theme, nominal GDP fell 0.3% in May
and by 0.4% in June. This is a key reason why Treasury yields are melting …
Bottom line? It is going to be a tough environment for the next 6-8 years. That
is just what happens when you have a deleveraging / balance sheet /
deflationary / end of the Debt Supercycle recession. It is what it is, and no
amount of wishing or finger pointing can change the facts … ‘
Hardship 401(k) withdrawals set record in
second quarter: More workers also borrowing from their accounts
(Washington Post, August 22, 2010) [ Clearly an instance where ‘better late than never’ doesn’t
quite do it … ‘better now than late or never’ is a bit better as the following
see that old tune, ‘ The Big Hurt’, reaching once again number 1 on the
billboard charts. ]
Soros Bailing
Out of U.S. Stock Market Robert Wenzel |
Billionaire trader and political manipulator,George Soros, is clearly not
optimistic.
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.
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 …
Sell / Take Profits while you still can!
100-Year Bonds --- Sign of Trouble?
Analyst:
Dow To 5,000, Lost Decade For Stocks The Dow Jones Industrial Average will
lose about half of its value over the next couple of years as it follows a
Nikkei-like pattern of several sharp rallies in an overall decline, according
to Charles Nenner, founder and president of Charles Nenner research.
Existing home sales
plunge 27% Existing home sales fell sharply in July, declining for a third
straight month, as the effects of the expired homebuyer tax credit continued to
add turbulence to the housing market.
Hindenburg
Omen Creator Has Exited The Market As we reported first, last week saw the
second confirmation of the Hindenburg Omen, most recently sighted for the first
time on August 12. Presumably this is an indication of putting one’s money
where one’s mouth is (and away from the market).
We’re
Underperforming The Great Depression In real (inflation/deflation-adjusted)
terms, when did the US market permanently regain the high reached in 1929? The
first chart illustrates two answers to the question. One uses the real price
and the other uses the real total return.
Top
Republicans urge Obama to oust economic team Reuters | The top Republican in the U.S. House of
Representatives called on Tuesday for President Barack Obama to fire his
economic team in a campaign-style speech meant to focus voters on the weak
American economy.
Home Sales Plunge to
Record Low NY Times | Sales
of existing homes plunged 27.2 percent in July, down to their lowest level
since the National Association of Realtors began keeping track over a decade
ago.
Unemployed
group blasts Geithner’s handling of economy The Hill | UCubed, a group representing unemployed and
underemployed workers, sharply criticized Treasury Secretary Timothy Geithner
for his handling of the economy.
Stocks
Plunge, Double Dip Recession Fears Grow After Home Sales Report U.S. stocks
extended losses, sending the Dow Jones Industrial Average below 10,000, and the
10-year Treasury yield fell below 2.5 percent for the first time since 2009 as
a bigger-than-estimated slump in existing home sales fueled concern the economy
may relapse into recession.
Infowars.com
Poll: Fed Will Push Nation Into Greatest Depression Kurt Nimmo
| Infowars.com readers believe the monetary policies of the Federal Reserve
will push the country into another depression.
Even
Tony Robbins Is Warning That An Economic Collapse Is Coming It seems like
almost everyone is warning of a coming economic collapse these days.
Alex
Jones Exposes Google’s Plan to Dominate the Internet Infowars.com | Google’s
takeover agenda will control the world wide web and force independent media
websites, radio and TV shows out of existence for good.
Ron Paul:
Let the Housing Market Normalize! Dr.
Ron Paul | There seems to be a growing consensus in favor of
abolishing Fannie and Freddie. This is the good news.
Americans
Using Their Rainy Day Savings to Live Rebel Traders | The reality of the ‘real
economy’, as measured by people, not Wall Street, is a deteriorating economy
where any source of funds is fair game to be tapped into.
The Never Ending Recession
Mr. Rosenberg believes we could see a negative GDP print THIS quarter. And
if he’s right that means analysts are far too optimistic about the upcoming
quarter.
Economic
forecaster: ‘Greatest Depression’ coming Collapse of middle class means
there’s no fuel for recovery, Gerald Celente argues.
Google’s
Plans to Take Over The Internet Exposed! Google’s agreement with Verizon to
speed certain Internet content to users opens the door to the complete
sterilization of the world wide web as a force for political change. Under
Google’s takeover plan, the Internet will closely resemble cable TV,
independent voices will be silenced and the entire Internet will be bought up
by transnational media giants.
‘Pre-Crime’
Reaches Number 1 Google Trend Spot Matt
Ryan | Steve Watson’s incredible article about the use of
pre-crime technology was picked up by large news sites such as the Drudge
Report and others.
Pre-Crime
Technology To Be Used In Washington D.C. Steve Watson | Computers predict what crime will be committed
where, by who and when.
Drudgereport:
GALLUP
GENDER GAP: Obama's Approval Among Men Hits All-Time Low of 39%...
LOBOTOMY
JOE BIDEN: 'We're moving in right direction'… Right lobotomy joe, anything you
say! ...
Worries
about recovery deepen...
'Hindenburg
Omen' creator exits stock market...
Economy in
'Depression, Not Recession'...
Dow Faces
'Bouncy Ride to 5,000'...
Typical
Slow Summer -- or Something Darker?
Drop
in Home Sales Renews Pricing Fears...
Investors
Scatter to Safety...
Unemployed
group blasts Geithner's handling of economy...
BOEHNER
URGES OBAMA TO FIRE...
'Government
as community organizer' has failed...
LA
UNVEILS $578 MILLION SCHOOL
More
Expensive Than China's Olympic Stadium!
California
Delays $2.9 Billion School, County Payments Amid Budget Impasse...
'Beat
Whitey Night': Iowa racial attacks at state fair... POLICE
REPORTS...
Gasoline
prices hit 8-month low (Washington Post) [ Strange days indeed. There was a
time not long ago that the same news would engender a ‘glass-half-full’ spin
for a fraudulent wall street rallying point. At the same time, higher oil prices
one of those reasons for selling into the bubble. Today, higher oil prices day
to day provide a ‘glass-half-full’ spin for a fraudulent wall street rallying
point that drives the oils (stocks) higher. Yes, that’s how bad the economy
really is. (Not a reference to ‘Strange Days’ the interesting film from that
impressive oscar-winning giant (amazon) of a woman, Kathryn Bigelow, which
sported a cast that included Tom Sizemore which of itself meant strange
indeed.) ].
AIG
pays back $4 billion of bailout debt (Washington Post) [ Ah, yes. How
endearing. Just goes to show that the hearts of american business are in the
right places. So touching … I’m sure I’m not alone in shrugging with a sense
that given america’s chosen intractable downward path such as this matters
little or none! ]
Obama
targets IT contracts (Washington
Post) [ And what goals are being met with the protracted mid-east wars with
costs exceeding a trillion other than defacto bankruptcy of the nation and
anti-american sentiment, not to mention the diversion from the multitude of
america’s domestic problems. It seems to me that IT would be among the last of
items warranting scrutiny (360 tons of $100’s flown into Iraq would without
scrutiny go right into the treasury, etc.) , particularly since tech, though
over-rated, is probably america’s last strength owing to a significant head
start and a built- in language bias, though quickly becoming mere assemblers /
distributors of foreign-made (components) at best.] The White House unveils plans to review 26 government
information-technology projects worth a total of $30 billion as part of an
effort to trim back or cancel contracts that aren't meeting goals.
(8-24-10) Dow 10,040 -134 Nasdaq
2,123 -36 S&P 500
1,051 -15 [CLOSE- OIL $71.63 (-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 $1,233 (+24% for year 2009) / SILVER $18.38 (+47% for year 2009)
PLATINUM $1,517 (+56% for year 2009) / DOLLAR= .79 EURO, 84 YEN, .64
POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.50% …..… 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!
How to Get Through This Mess ‘… U.S.
RECESSION NEVER ENDED; GDP TO CONTRACT IN Q3 Our suspicions have been confirmed - the recession never ended. Macroeconomic
Advisers produces a monthly U.S. real GDP series and it shows that the peak was
in April, as we expected, with both May and June down 0.4% in the worst
back-to-back performance since the economy was crying Uncle! back in the depths
of despair in September-October 2008. The quarterly data show that Q2 stands at
a +1.1% annual rate (so look for a steep downward revision for last quarter)
and the 'build in' for Q3 is -1.5% at an annual rate. Depending on the data
flow through the July-September period, it looks like we could see a -0.5% to
-1% annualized pace for the current quarter. Most economists have cut their
forecasts but are still in a +2.5% to +3.5% range. What is truly amazing is
that despite all the fiscal, monetary, and bailout stimulus, the level of real
economy activity, as per the M.A. monthly data, is still 2.5% below the prior
peak. To put this fact into context, the entire peak-to-trough contraction in
the 2001 recession was 1.3%! That is incredible. Interestingly, and dovetailing
nicely with our deflation theme, nominal GDP fell 0.3% in May and by 0.4% in
June. This is a key reason why Treasury yields are melting … Bottom line? It is
going to be a tough environment for the next 6-8 years. That is just what
happens when you have a deleveraging / balance sheet / deflationary / end of
the Debt Supercycle recession. It is what it is, and no amount of wishing or
finger pointing can change the facts … ‘
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
Hardship 401(k) withdrawals set record in
second quarter: More workers also borrowing from their accounts
(Washington Post, August 22, 2010) [ Clearly an instance where ‘better late than never’ doesn’t
quite do it … ‘better now than late or never’ is a bit better as the following
see that old tune, ‘ The Big Hurt’, reaching once again number 1 on the
billboard charts. ]
Soros Bailing
Out of U.S. Stock Market Robert Wenzel | Billionaire
trader and political manipulator,George Soros, is clearly not optimistic.
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.
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 … Sell
/ Take Profits while you still can!
100-Year Bonds --- Sign of Trouble?
Monday in the Markets: MOJO Extremes The decline in yields is overdone, gold is
overbought, and crude oil and the euro are oversold. The Dow is not
oversold.The yield on the 10-Year US Treasury tested 2.531 on Friday versus my
quarterly risky level at 2.495. Gold tested $1239.5 last week and today’s risky
level is $1241.7. For Crude oil this week’s pivot is $73.59 with my annual
pivot at $77.05. The euro is below its 50-day simple moving average at 1.2739
this morning. For the Dow today’s value level is 9,983 with the 50-day simple
moving average at 10,303, and weekly and annual pivots at 10.358 and 10,379.
10-Year Note – (2.612) My annual pivot is 2.813 with a weekly pivot at 2.574
and daily risky level at 2.507. My annual value level is 2.999 with quarterly
and semiannual risky levels at 2.495 and 2.249. Note that the decline
in yield is extremely overdone [charts] …
(8-23-10) Dow 10,174
-35 Nasdaq 2,159 -20 S&P 500 1,067 -4
[CLOSE- OIL $73.11 (-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 $1,226
(+24% for year 2009) / SILVER $17.99 (+47% for year 2009) PLATINUM $1,506 (+56%
for year 2009) / DOLLAR= .78 EURO, 85 YEN, .64 POUND STERLING, ETC. (How
low can you go - LOWER)/ 10 YR NOTE YIELD 2.61% 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
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’
This Depression is just beginning
The coming depression…
thecomingdepression.net 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!
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
INSIDER TRANSACTIONS (Washington
Post) Stock
market ends down for second straight week (Washington Post) [Yeah! There
should be no surprise here. Such is the scenario that bear markets are made of
and Maierhofer shows the math to prove it (infra), 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 … Sell
/ Take Profits while you still can! ]
Infowars.com
Poll: Fed Will Push Nation Into Greatest Depression Kurt Nimmo
| Infowars.com readers believe the monetary policies of the Federal Reserve
will push the country into another depression.
Even
Tony Robbins Is Warning That An Economic Collapse Is Coming It seems like
almost everyone is warning of a coming economic collapse these days.
Alex
Jones Exposes Google’s Plan to Dominate the Internet Infowars.com | Google’s
takeover agenda will control the world wide web and force independent media
websites, radio and TV shows out of existence for good.
Ron Paul:
Let the Housing Market Normalize! Dr.
Ron Paul | There seems to be a growing consensus in favor of
abolishing Fannie and Freddie. This is the good news.
Americans
Using Their Rainy Day Savings to Live Rebel Traders | The reality of the ‘real
economy’, as measured by people, not Wall Street, is a deteriorating economy
where any source of funds is fair game to be tapped into.
The Never Ending Recession
Mr. Rosenberg believes we could see a negative GDP print THIS quarter. And
if he’s right that means analysts are far too optimistic about the upcoming
quarter.
Economic
forecaster: ‘Greatest Depression’ coming Collapse of middle class means
there’s no fuel for recovery, Gerald Celente argues.
Second
Hindenburg Omen Confirmation In As Many Days, Third H.O. Event In One Week Longs
may be forgiven if they are sweating their long positions over the weekend: not
only did we just have a second, and far more solid Hindenburg Omen confirmation
today.
Jim
Rogers: If You Want Your Family To Be Silly Rich In The Future, Then Leave
America And Move To Asia Now As you may know, Jim Rogers moved to Singapore
in 2007, though he maintains a residence in the U.S. as well.
Portions
of the Gulf are So Toxic that Dolphins, Fish, Crabs, Stingrays and Other
Animals are “Trying to Crawl Out of the Water” Danny Ross, a commercial fisherman from Biloxi… said he has
watched horseshoe crabs trying to crawl out of the water, and other marine life
like stingrays and flounder trying to escape the water as well. He believes
this is because the water is hypoxic.
Karzai:
Private contractors ‘looting and stealing,’ working with terrorists Afghan
President Hamid Karzai on Sunday defended his decision to ban private security
contractors from operating in public in Afghanistan, saying many of the
organizations tasked with providing security are engaging in terrorist
activities, working with “Mafia-like” organizations and “looting and stealing from
the Afghan people.”
Housing
Fades as a Means to Build Wealth, Analysts Say Many real estate experts now
believe that home ownership will never again yield rewards like those enjoyed
in the second half of the 20th century.
Why
“Fair Play” In A Central Bank Interventionist World Is A Doomed Strategy Today’s
special report by Faros Trading summarizes the pathetic, uber-interventionist
world we live in.
Hussman:
Bernanke’s Quantitative Easing Is About To Trigger A Collapse In The US Dollar In
his latest weekly letter, John Hussman warns of an imminent and disorderly
collapse of the US dollar, courtesy of Ben Bernanke’s move towards more
quantitative easing.
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
post a comment on my
blog on any topic: http://alpeiablog.blogspot.com
Washington
looks tantalizing to New York (Washington Post) [ I’m surprised to see this
‘old news’ here since it’s widely known that the wall street frauds, goldman et
als, have garnered near vampire legendary status by way of their infamous blood
(taxpayers) / treasury draining ways. Tantalized? I’d say consumed. ]
Federal
contractors team up with tech giants (Washington Post) [ Clearly the end of
an innovative tech sector as blood-sucking, treasury draining corporate welfare
artists show them how to get something for nothing but self-perpetuating,
self-created needs that aren’t really needed! ] For traditional government
contractors, the appeal of working with commercially successful companies such
as Google or Apple is clear.
Drudgereport:
Philly requiring bloggers to
pay $300 for 'license'… [ There are a plethora of reasons to leave philly and
this is just another ] ...
WHAT BUDGET CRISES? LA
UNVEILS $578 MILLION SCHOOL [ Come on! In California it’s always
about the private contracts with public money from public office holding slugs
]
Gold bullion stolen from
Florida treasure museum [ I personally believe that beyond the ‘gold-plate’,
Fort Knox has already been looted! ] ...
Wikileaks’
Assange: Pentagon may be behind rape claims Agence France-Presse | [ This story smacks of
american modus operandi as alternative to outright murder / assassination. Enemy of the State Lew Rockwell | It’s been
clear for some time that the Pentagon would love to put a bullet in Julian
Assange’s brain. ] Wikileaks founder Julian Assange said in an interview
published on Sunday that he believes the Pentagon could be behind a rape
accusation against him that was later dropped by Swedish prosecutors.
Gulf Oil May Not
Degrade for Decades Washington’s
Blog | Scientists have found an underwater oil plume that is more than
22 miles long, more than a mile wide and 650 feet deep.
Yet another Soros
tentacle exposed Jim Wallis, the man behind the so-called “religious left”
– a left wing evangelical activist who worked to get evangelical support for
Obama — has been exposed as another stooge of George Soros.
Der Spiegel:
US middle class vanishing According to an article appearing in the German
newspaper, Der Spiegel, the negative consequences of the global financial
crisis include a widened social class rift and the elimination of the middle
class in the US.
Swedish
Prosecutors Drop Rape Charges Against Wikileaks Founder Now according to
the AP, the rape charges against Wikileaks founder Julian Assange have been
withdrawn.
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.
U.S.
examines private sector's role in affordable housing (Washington Post) [ I’m sorry to say that in pondering the
so-called policy-makers in Washington or in the corporate boardrooms that I’m
hard-pressed to dismiss from my mind’s eye a picture of a bunch of scarecrows
fumbling around while singing refrains such as ‘if they only had a brain’
cirque the land of the wizard of oz. The reality is that some basic grasp of
economics, finance, business would go a long way in a more positive sense for
the nation. Then there’s those infamous internment / concentration /
‘affordable housing’ camps that’s been filtering through the filters, so to
speak.] The Obama administration is grappling over how much to force private
lenders to pay for apartments and homes for the poor as it presses ahead with a
major overhaul of the government's housing policy, officials said.
$60M
project to resume in D.C. (Washington Post) [Well, at least they’re not
fema concentration / internment camps; naah, they’re for the hoi polloi. Now
luxury apartments for the Washington criminal class; that’s another story. Time
to break out the bubbly ‘cause happy days are here again.
H.R. 645 and The FEMA Concentration Camps The Federal or Union side of the conflict had its many concentration camps
as well. ... and walk out your front door and see a FEMA
concentration camp.
www.infowars.com/h-r-645-and-the-fema-concentration-camps
Alex Jones Presents Infowars.com to Fight the New World Order
And how we burned
in the camps later, thinking ... county is a
designated home for a "concentration
... relocated to "secret locations" (FEMA
camps).
www.infowars.com/cc_archive.htm
New
World Order FEMA Camps Uploaded by doomdaily www.youtube.com
FEMA Concentration
and Internment Camps
A good over look of what FEMA is all
about. Enslavement and Concentration
Camps. It is not about saving people that is an illusion.
www.freedomfiles.org/war/fema.htm
FEMA Concentration CampsU.S.
CONCENTRATION CAMPS FEMA AND THE
REX 84 PROGRAM. There are over 600 prison
camps in the United States, all fully operational and ready to
receive ...
www.flyingsnail.com/Dahbud/femaconcentrationcamps.html
U.S.
Concentration Camps,
page 1 A reported "FEMA camp masquerading as a water treatment
plant" here in Texas was (ta-daa) a water treatment plant. A reported
"FEMA concentration
camp ...
www.abovetopsecret.com/pages/camps.html
AMERICAN CONCENTRATION CAMPS
FEMA CONCENTRATION CAMPS:
Locations and Executive Orders ..... Ft. Drum - two compounds: Rex 84 detention
camp and FEMA detention facility. ...
www.apfn.org/APFN/camps.htm ]
CBO
Offers tax cuts assessment (Washington
Post) [ One might be inclined to quip, well, you can’t give what you don’t
have; but, we all know that’s not true in washington these days and they have the red ink to prove it. Drudgereport: CBO: DEFICIT 9.1% OF GDP...
DEVELOPING... ‘(P)recarious
fiscal situation by 2020? I’d call that wishful thinking! The 2020 part. How
‘bout now!]
Jobless
benefit claims jump to nine-month high (Washington Post) [Ooooh! Sounds
like a plan! Or, the wrong plan! The one they’re using, that is. Or, no plan,
like Afghanistan!] Drudgereport: NEW LOW FOR O: GALLUP DAILY SHOWS OBAMA 41% APPROVE, 52%
DIS...
NEW JOBLESS CLAIMS RISE TO 500,000...
Highest level in 9 months...
CBO: DEFICIT 9.1% OF GDP...
DEVELOPING...
Homeowners Expect Home Values to Fall More...
Stock
market ends down for second straight week (Washington Post) [Yeah! There
should be no surprise here. Such is the scenario that bear markets are made of
and Maierhofer shows the math to prove it (infra), 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 …]
Chiacgo's ShoreBank fails, is bought by investors
Chicago Tribune -
Chicago-based ShoreBank, which for more than three decades made loans to South
and West siders who might not have gotten financing elsewhere to buy homes,
apartment buildings and start businesses, failed Friday. Regulators
shut big Chicago-based bank BusinessWeek Regulators shut down big Chicago bank, 7 others The Associated Press ‘… The FDIC also seized seven other
banks Friday, bringing to 118 the number of U.S. bank failures this year amid
the recession and mounting loan defaults …The FDIC also took over Community
National Bank at Bartow, in Bartow, Fla.; Independent National Bank of Ocala,
Fla.; Imperial Savings and Loan Association of Martinsville, Va.; and four
California banks: Butte Community Bank, based in Chico; Pacific State Bank,
based in Stockton; Los Padres Bank, in Solvang; and Sonoma Valley Bank, in
Sonoma. …’ Reuters - Bloomberg - Los Angeles Times (blog) -
Richmond Times Dispatch
World Indices / Week ended
August 20, 2010 Yahoo Finance
BEAR MARKET MATH - JULY LOWS IN
DANGER , On Friday August
20, 2010, 4:53 pm EDT ‘
1+1=2
2+2=4
The simplicity
and accuracy of those calculations is undeniable. How about this equation?
Fundamental Weakness + Technical Sell Signals + Overpriced Stocks = Lower Stock
Prices. This calculation also seems to be simple and accurate. Let's look at
some equations that don't make sense.
1+1=3 or Better Earnings = Higher Stock Prices Earnings season is over. Most companies
beat earnings but issued cautious forecasts. This is particularly true of the
tech (NYSEArca: XLK - News)
and financial sectors (NYSEArca: XLF - News).
By large, profits are still driven by cost-cutting, not organic growth. Retail
sales, which make up about one third of the economy, continued to fall after
the second quarter ended. Additionally, the expectation that taxes will go up
might have moved some companies to pull some of next year's income into this
year. This can't be good for Q3 and Q4 profits. As the chart below shows,
positive earnings reports are not bullish for stocks, especially if future
guidance is weak.[chart]
2+2=5 or Weaker than Expected Economy = Rising Stock Prices On July 30, the Bureau of Economic
Analysis (BEA) lowered the previous quarter's Gross Domestic Product (GD)
growth from an estimated 2.7% to 2.4%. But it didn't stop there. The real GDP
for all three previous years was revised as well. It was lowered by 0.2% for
2007, it was lowered by 0.6% for 2008, and it was lowered by 0.4% for 2009. In percentage
terms, the real GDP for 2007 was revised down from 2.5% growth to 2.3%. The
2008 decrease was lowered from 1.9% to 2.8% and 2009 growth was revised up from
a 0.1% to a 0.2% increase. In essence, the BEA proved that the recession was
(or is) much deeper than perceived and the alleged recovery much weaker than
previously reported. This comes as no surprise, as the key sector of the
financial debacle - real estate (NYSEArca: IYR
- News)
- remains in a funk. The U.S. Census Bureau reported that the number of vacant
properties, including foreclosures, residences for sale, and vacation homes,
reached 18.9 million. Fannie Mae and Freddie Mac continue to lose money. Has
anyone ever wondered how banks (NYSEArca: KBE
- News)
can make money on the same kind of loans that pushed Fannie and Freddie to the
brink of ruin? Since bad real estate loans triggered the post 2007 economic
meltdown, how can the economy recover without real estate leading the way?
3+3=7 or Positive
Analyst Estimates = Higher Stock Prices A recent Associated Press article observed that 'analysts
only seem to hit the mark with their estimates in the strongest economic times
(2003 - 2006).' Why? 'The problem is that analysts get most of their
information from the companies they cover. Corporate managers have every
incentive to stay positive for as long as they can.' Is that true; as true as
1+1=2? On April 26, the day the S&P (SNP: ^GSPC) topped at 1,219, the Dow
(DJI: ^DJI) at 11,258, the Nasdaq (Nasdaq: ^IXIC) at 2,535, Bloomberg reported
the following: 'U.S. stocks cheapest since 1990 on analyst estimates.' Contrary
to analyst estimates, the ETF Profit Strategy Newsletter stated that 'the
potential exists that Monday's high marked a significant top.' Since April, the
broad market (NYSEArca: TWM - News)
dropped as much as 17%. In March 2009, with the Dow below 7000 and the S&P
below 700, analysts lowered their earnings forecasts from $113 in April 2008 to
$40. On March 2nd, the ETF Profit Strategy Newsletter sent out a Trend Change
Alert and recommended to buy long and leveraged long ETFs such as the Ultra
Financial (NYSEArca: UYG - News)
and Ultra S&P 500 ProShares (NYSEArca: SSO
- News).
If you care to know, analysts estimate that earnings for the S&P 500 will
exceed their 2006 all-time high, in 2011. Based on that assumption, stocks are
cheap. How about that for flawed math?
4+4=9 or Technical Sell Signals = Higher Stock Prices The 200-day moving average (MA) is one
of the best-known technical indicators, as it provides delineation between
technically healthy and sick stocks. On May 20, the S&P closed below the
200-day MA for the first time since late 2007. Every attempt to rally and stay
above it has since failed miserably. On July 2, the 50-day MA for the S&P
dropped below its 200-day MA for the first time since late 2007. The same holds
true for mid caps (NYSEArca: MDY - News),
small caps (NYSEArca: IWM - News)
and nearly all individual sector indexes. For good reason, this is called a
Death Cross. Over the past ten years, the death cross has been accurate 75% of
the time, with a 19.72% average return on six winning trades and 6.95% average
return on two losing trades. In addition to the Death Cross, there are two head
and shoulders patterns, one in the making for over 10 years, and the other has
the breadth suggestive of a major meltdown (see September ETF Profit Strategy
Newsletter).
5+5=11 or Overvalued Stocks = Higher Prices As explained above, based on overly
optimistic earnings estimates, analysts believe that stocks are cheap. Rather
than basing a future outlook on estimates, it makes sense to use facts as a
foundation for any outlook. Why add an extra variable to what's already an
unpredictable market? Ask Yale Professor Robert Shiller, who's done extensive
research on the subject of valuations, and he'll tell you stocks are
historically overvalued based on the current P/E ratio. Compare today's P/E
ratio with the P/E ratio seen at major market bottoms, and you'll see that
stocks are overvalued by more than 50%. Another gauge that doesn't lie is
dividend yields. A company's dividends are a direct reflection of cash flow and
financial health. The current yield is 2.65% for the Dow and 2.05% for the
S&P. Even value funds like the iShares Russell 1000 Value (NYSEArca: IWD
- News)
yield only a measly 2.08%. Dividends are close to their all-time low set in
1999 (we know what happened then). This means that companies are cash strapped
or overvalued. Looking at a long-term chart of dividend yields plotted against
stock prices shows clearly that markets don't bottom until dividends skyrocket.
Just as ice doesn't thaw unless the temperature moves above 32 degrees, the
economy won't thaw and show signs of life unless P/E ratios drop to, and
dividend yields rise to, levels seen at major market tops. The ETF Profit Strategy Newsletter
includes a detailed analysis of four valuation metrics, along with short-term
target ranges for stocks and the ultimate market bottom. Based on simple math
and common sense, the July lows are certainly in danger. But it doesn't stop
there.’
DOES HISTORY REPEAT, RHYME OR JUST HAVE COINCIDENCES? Lounsbury: ‘… Has anything of economic utility resulted? I have
not found it. And counter to the effect of the dot.com collapse, the credit
bubble collapse may not have stripped out some of the speculative income
excesses. Wall Street bonuses are back to pre-crisis levels and there has been
no "claw-back" of ill-gotten gains from the pirates who seized the
economic ship. In fact, the pirates are still in command of the ship and are
still under full sail. Yo ho ho and a bottle of rum! From my first Treasury report:
… the problem was that our systems, especially
in finance and health care, are too heavily focused on pay for transactions
rather than pay for outcomes. I didn’t have the presence of mind to bring
instant gratification into the discussion, but that would have certainly made
my thought process clearer.
I don't think this created any waves,
but I will continue to wail in the wilderness about how compensation formulas
contribute to and compound the structural problems in our financial system. So,
back to the earnings chart that started this discussion. In view of what has
been discussed here I believe we will find that history, in this instance, will
at least rhyme, if not repeat exactly. Structural economic problems are
sufficiently similar for the two eras that I expect we will see some form of recurrence
of events 5 and 6 [Depression] …’
Hindenburg Omen
Confirmation #1 Today we got our first Hindenburg Omen confirmation. The
number of new highs was 136, and new lows was at 69 (per the traditional WSJ
source).
Greek crisis refuses
to go away The European Commission has approved the next €9bn (£7.4bn)
tranche of loans for Greece but the underlying economy continues to deteriorate
as Greek banks suffer a record loss of deposits and output contracts at a
quickening pace.
We
Killed The Goose That Laid The Golden Egg For middle class Americans, the
new global economy has provided mountains of cheap products made in China,
India and dozens of other nations, but it has also killed the goose that laid
the golden egg.
Grim
future for young workers in ‘pensioner ghettos’ Telegraph | Parts
of Britain could become retirement ghettos within a generation with three
retired people for every four in work, a report warns.
Is Our Money Based on
Debt? Robert
Murphy | The first thing to realize is that the Fed can control
the size of the monetary base, but it can’t directly control its composition.
Obama
Lied About Stimulus Dollars Aiding Local Project A local project that
President Barack Obama cited during a visit Wednesday to Columbus as an example
of how the federal stimulus package has worked isn’t actually being funded with
stimulus dollars.
Black
Swans Need Not Apply (6 Reasons Why the Economy is Going Down) Louis James | My New
York adventures are signs of an approaching gold mania, not a present one. But
I believe more firmly than ever that it’s coming.
DISMANTLING BULLISH ARGUMENTS …
Bull Market Argument #1 - Stocks are Cheap Even though the
economy is in the worst shape since the Great Depression, economists at large
believe that stocks (NYSEArca: IVV - News)
are cheap … We've previously analyzed the folly of relying on projected
earnings forecasts and therefore, will only pose two more facts as food for
thought before moving onto the next argument. Even if earnings are
positive the market can decline, as we've seen with the 9% and 17% declines in
January and May. Most of the earnings growth has been fueled by cost-cutting,
not organic growth. What does that tell us about the sustainability of growth?
Bull Market Argument #2 - Cash on the Sidelines Cash on the
sideline is viewed as bullish because, theoretically, it can be used to buy
stocks and drive up prices. Some distinguish between corporate cash and retail
cash on the sidelines. Many forget that for every dollar in cash, there is a
debt that has to be repaid. According to the Federal Reserve, nonfinancial
firms' debt totals $7.2 trillion, the highest level ever. As far as retail
investors go, the current debt-income ratio is at 126%. The pre-bubble average
was around 70%. To get back to the pre-bubble norm, about $6 trillion worth of
debt would have to be eliminated. Retail money in money market funds is
currently around the same level as it was in 2006/2007. Is that bullish?
Debunking the Bond Myth No doubt there's been a migration from
investment dollars out of stocks and into bonds and gold… Bonds - especially
corporate high yield bonds - could soon assume the role real estate had in
2006. Many thought that real estate (NYSEArca: IYR
- News)
will always go up. As it turns out, real estate prices can move in both
directions, as can bond prices.
A Closer Look at Gold What about gold? … The previous cash
level low was recorded in August of 2007. We know what happened then. Rather
than focusing on the sideline cash, perhaps we should focus on the trillions of
dollars still in the market. More selling means lower prices.
'Stocks are Cheap' vs. Realistic Valuations Using projected
earnings to determine the markets real value is like counting chickens that
have yet to hatch. Things change, and as studies have shown, analysts and
economist are usually the last to discern that change. Market forecasting based
on solid facts is tricky enough, but basing forecasts on thin assumptions
usually translates into financial suicide… Stock market tops when P/E ratios
are high, dividend yields are low and mutual fund cash reserves are low. Over
the past year, we have seen P/E ratios at an all-time high, dividend yields
close to their 1999 low, and mutual fund cash levels at an all-time low. In addition,
we have also seen investor optimism soar to levels reminiscent of 2000 and
2007…
Soros Bailing
Out of U.S. Stock Market Robert Wenzel |
Billionaire trader and political manipulator,George Soros, is clearly not
optimistic.
Schwarzenegger
Orders 150,000 Government Workers to Take Time Off Without Pay Bloomberg | Schwarzenegger directed state workers to take
three unpaid days off each month to save cash.
Weekly
Jobless Claims Post Surprise Jump, Hit 500,000 Reuters | New U.S. claims for unemployment benefits
unexpectedly climbed to a nine-month high last week, yet another setback to the
frail economic recovery.
Western
Economies Face Hyperinflation: Gold Bull The decline of the Western
economic model will bring about hyperinflation and decades of painful
readjustment, Egon von Greyerz, founder of gold investment intermediary
Goldswitzerland.com told CNBC Thursday.
US Prepares For Gold
Standard To understand this objective it helps to go back to a very
important moment in our monetary past…
5
Trillion More Dollars To Fix Fannie Mae And Freddie Mac??? Fannie Mae and
Freddie Mac have become gigantic financial black holes that the U.S. government
endlessly pours massive quantities of money into.
Drudgereport:
NEW LOW
FOR O: GALLUP DAILY SHOWS OBAMA 41% APPROVE, 52% DIS...
'Allahu
Akbar!' Iran test fires new missile...
'Al-Qaida
prepares for Israel-Iran war'...
US
Assures Israel Nuclear Iran Isn't Imminent...
Israel
tells UN it will stop new Gaza aid flotilla...
Lebanon
refuses to bow to warning...
CHICAGOLAND:
ShoreBank Closed by FDIC...
...strong
ties to Obama administration
USA
DEBT: $13,310,379,000,000.00
$44,000 PER CITIZEN...
NEW
JOBLESS CLAIMS RISE TO 500,000...
Highest
level in 9 months...
CBO:
DEFICIT 9.1% OF GDP... DEVELOPING...
Homeowners
Expect Home Values to Fall More...
$60M
project to resume in D.C. (Washington Post) [Well, at least they’re not
fema concentration / internment camps; naah, they’re for the hoi polloi. Now
luxury apartments for the Washington criminal class; that’s another story. Time
to break out the bubbly ‘cause happy days are here again.
H.R. 645 and The FEMA Concentration Camps The Federal or Union side of the conflict had its many concentration camps
as well. ... and walk out your front door and see a FEMA
concentration camp.
www.infowars.com/h-r-645-and-the-fema-concentration-camps
Alex Jones Presents Infowars.com to Fight the New World Order
And how we
burned in the camps later, thinking ...
county is a designated home for a "concentration
... relocated to "secret locations" (FEMA
camps).
www.infowars.com/cc_archive.htm
New
World Order FEMA Camps Uploaded by doomdaily www.youtube.com
FEMA Concentration
and Internment Camps
A good over look of what FEMA is all
about. Enslavement and Concentration
Camps. It is not about saving people that is an illusion.
www.freedomfiles.org/war/fema.htm
FEMA Concentration CampsU.S.
CONCENTRATION CAMPS FEMA AND THE
REX 84 PROGRAM. There are over 600 prison
camps in the United States, all fully operational and ready to
receive ...
www.flyingsnail.com/Dahbud/femaconcentrationcamps.html
U.S.
Concentration Camps,
page 1 A reported "FEMA camp masquerading as a water treatment
plant" here in Texas was (ta-daa) a water treatment plant. A reported
"FEMA concentration
camp ...
www.abovetopsecret.com/pages/camps.html
AMERICAN CONCENTRATION CAMPS
FEMA CONCENTRATION CAMPS:
Locations and Executive Orders ..... Ft. Drum - two compounds: Rex 84 detention
camp and FEMA detention facility. ...
www.apfn.org/APFN/camps.htm ]
CBO
Offers tax cuts assessment (Washington
Post) [ One might be inclined to quip, well, you can’t give what you don’t
have; but, we all know that’s not true in washington these days and they have the red ink to prove it. Drudgereport: CBO: DEFICIT 9.1% OF GDP...
DEVELOPING... ‘(P)recarious
fiscal situation by 2020? I’d call that wishful thinking! The 2020 part. How
‘bout now!]
Jobless
benefit claims jump to nine-month high (Washington Post) [Ooooh! Sounds
like a plan! Or, the wrong plan! The one they’re using, that is. Or, no plan,
like Afghanistan!] Drudgereport: NEW LOW FOR O: GALLUP DAILY SHOWS OBAMA 41% APPROVE, 52%
DIS...
NEW JOBLESS CLAIMS RISE TO 500,000...
Highest level in 9 months...
CBO: DEFICIT 9.1% OF GDP...
DEVELOPING...
Homeowners Expect Home Values to Fall More...
Privatizing
Virginia liquor stores makes sense Seventy-seven years after the repeal of
Prohibition, you'd think we regard the sale of liquor to consenting adults no
differently than the sale of any other good.
Warren
sits down with lobbyists Elizabeth
Warren, a top candidate to lead the new Bureau of Consumer Financial
Protection, met quietly with some of her sharpest critics: big bank lobbyists.
Federal
Reserve's shift in policy doesn't change its basic outlook (Washington
Post) / And what outlook is that? The no-recession initially touted by bernanke
or ‘envy of all the world’ touted by senile greenspun? How ‘bout reality:
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 …
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.
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.
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?
Deceptive
Economic Statistics: While the economists lied the US economy died Paul Craig Roberts | The
bought-and-paid-for-economists got all the media forums for a decade. While
they lied, the US economy died.
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.
Fed
Official Admits the Fed Starts Boom/Bust Cycles There are all kinds of
things awry with this article…
Bulls Scatter ... Again ‘At the risk of sounding like a broken record, we wanted to once again
highlight the lack of conviction among investors and advisors in the current
market environment. Following the July rally, bullish sentiment based on the Investors
Intelligence weekly survey jumped to its highest level since May. Then
last week, the S&P 500 dropped more than 3% and the bulls scattered. In
this week's survey, bullish sentiment declined 12% for its largest weekly
decline since the flash crash…’
Know Your Indicators: Hindenburg Omen ‘…Below we outline the five criteria (taken from Zero Hedge) that need to be satisfied in order
for the indicator to be triggered. They are:
- That the daily number of NYSE new 52-Week Highs
and the daily number of new 52-Week Lows must both be greater than 2.2% of total NYSE issues
traded that day.
- That the smaller of these numbers is greater
than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more
like a checksum. This condition is a function of the 2.2% of the total
issues.
- That the NYSE 10-Week moving average is rising.
- That the McClellan Oscillator is negative on
that same day.
- That new 52-Week Highs cannot be
more than twice the new 52-Week Lows (however it is fine for new 52-Week
Lows to be more than double new 52-Week Highs). This condition
is absolutely mandatory…’
Another Round of POMO: Dave's Daily ‘…Thursday we'll get another round of Uncle Sugar's
special blend via more POMO (Permanent Open Market Operations). This private
label brew will go directly to the Primary Dealers (dba: Da Boyz) who will use
it to trade as before…’
More Fuel For a Bigger Decline , On Tuesday
August 17, 2010, 4:18 pm EDT A
French proverb states that a fault denied is committed twice. Denial, as
blissful as it is for the time being, does not serve as protection against the
inevitable.A perfect example of denial is the May 6 flash crash. Neither Wall
Street, the financial media, nor investors wanted to see the danger of such a
meltdown beforehand. After it happened, they were in denial about the cause.
Denial is Bliss
The
simple truth is that the market was ripe for a major correction. A few weeks
before the flash crash, the ETF Profit Strategy Newsletter noted the extremely
low CBOE Equity Put/Call Ratio and warned: 'It seems that only a minority of
equity positions are equipped with a put safety net. Once prices do fall and
investors do get afraid of incurring losses, the only option is to sell.
Selling, results in more selling. This negative feedback loop usually results
in rapidly falling prices.' As it turns out, there was no clumsy-fingered trader
at fault for the decline that reduced the Dow (DJI: ^DJI) by more than 1,000
points in one day. If it had been a simple error, stocks wouldn't have fallen
to new lows after the flash crash. If it had been a simple error, the S&P
(SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) wouldn't still be trading below the
flash crash close.
The Reality of Denial
But,
that's the power of denial. Since the April 26 highs, the S&P has been
moving from lower highs to lower lows. On July 1, the S&P had arrived at
1,011. The ensuing rally lifted the markets by nearly 10%, but failed to push
the S&P and Nasdaq above the July 21 highs. The July 21 highs failed to
move above the May 12 highs. The May 12 highs were significantly short of the
April 26 highs. Despite the obvious downtrend, investors get as excited about
dead end bounces as ever. This is not a bullish omen. In fact, according to the
ETF Profit Strategy Newsletter's technical analysis, the steepest leg of the
decline is still ahead. Before we look at more technical details, let's browse
through some fundamental factors that reflect the current state of denial:
Don't Worry About Bank Failures
111
banks were added to the FDIC's failed bank list thus far in 2010. At the same
time last year, only 76 banks had been shut down. According to an FDIC press
release, Metro Bank of Dade County had total assets of $442.3 million and total
deposits of $391.3 million. Assets outweigh liabilities by $51 million. That's
good, but apparently not accurate. According to the FDIC's press release, closing
Metro Bank will cost the FDIC $67.6 million. Why? Because an accounting trick
allows banks to artificially inflate their assets. The accounting trick allowed
this small bank to overstate its assets by about 25%. Other banks on the FDIC
list overstated their assets by more than 50%. Imagine the size of the problem,
considering that the four biggest banks (NYSEArca: KBE
- News)
of the country have about $7.5 trillion in combined assets. We should also
point out that none of those losses technically affect earnings, at least not
yet (for a detailed analysis refer to the June issue of the ETF Profit Strategy
Newsletter).
Don't Worry About Falling Real Estate
The
National Association of Home Builders reported that its monthly reading of
builder's sentiment about the housing market sank to 14, the lowest level since
March 2009. Unlike other economic indicators, this index is taken from builders
that have their finger on the pulse of Main Street and is forward looking.
Despite the rally in equities (NYSEArca: VTI
- News)
and real estate (NYSEArca: IYR - News),
homebuilders (NYSEArca: XHB - News)
never really saw light at the end of the tunnel.
Don't Worry About Foreclosures
According
to RealtyTrac, more than 1 million American households are likely to lose their
homes to foreclosure this year. This is about 10 times as high as during an
average year. 25% of the U.S. household sector has a sub-600 FICO score. Yet,
Fannie Mae is offering financing to first-time buyers who only have a $1,000
down-payment. Nearly $150 billion have been spent to keep the doors of Fannie,
Freddie and company open. Does it make sense to artificially extend the
life of a patient destined to die? In the case of Fannie, politicians seem to
think that lending more money and ultimately creating more toxic assets will
solve the problems. Even a third grader understands the irony of that concept.
Denial is alive and well.
Don't Worry About Bankrupt States
States
are in trouble. The bigger the state, the bigger the trouble it seems.
California has a $1.8 trillion economy. If CA was a country, its economy would
be the seventh biggest in the world, bigger than Russia. But, CA has no money.
CNN reports that as many as 200,000 state workers in CA could see their pay
scale slashed to minimum wage, if orders from the governor's office are
followed. You don't need to be one of the 200,000 to know that is bad. To go
from state salary to minimum wage is a huge drop.
Don't Worry About Falling Prices
Look
around and you see a general downtrend develop: U.S. stocks (NYSEArca: IWB
- News),
international stocks (NYSEArca: EFA - News)
and emerging market stocks (NYSEArca: EEM
- News).
The same applies to commodities (NYSEArca: DBC
- News),
real estate prices (NYSEArca: RWR - News)
and consumer goods. The above-mentioned 'don't worries' all contribute to the
deflationary spiral (see image below for a visual). Unemployment remains high
because businesses have no pricing power. This leads to lower income, default
foreclosures, and ultimately even higher unemployment. Even Bernanke knows,
there is no easy fix to a deflationary cycle. Once engrained, it feeds on
itself. [chart]
Don't Worry About Death Crosses
A death cross is one of the most powerful technical indicators. It occurs when the shorter simple moving average (SMA) crosses below the longer SMA. Over the last few weeks we saw literally dozens of such death crosses. Most notable was the S&P, Dow Jones and Nasdaq experiencing not only a death cross created by the 50 and 200-day SMA, but also courtesy of the 10 and 40-week SMA. Despite the rally from the July lows, the sell signal triggered by the various death crosses remained active. The fact that the Dow Jones was the only major index to rally above the June 21 highs provides an additional bearish non-confirmation. Over the past ten years, the buy/sell action triggered by the SMA crosses has a success rate of 75% - 100%. Winning trades outperformed losing trades by a ratio of at least 3:1. In investing, those are not the kind of odds you want to bet against. In other words, it's time to face reality and abandon denial. Leading up to the April highs, the ETF Profit Strategy Newsletter noted a pinnacle of denial which was reflected by investors' outright enthusiasm about stocks. At a time when approximately 8 of 10 investment advisors and newsletter writers were bullish on stocks, the ETF Profit Strategy Newsletter noted: 'The message conveyed by the composite bullishness is unmistakably bearish. The pieces are in place for a major decline.' Since April 26, the major indexes dropped as much as 17%. Despite the recent rally, this seems to have been only the first installment of a significant decline. This decline is now in progress. In fact, the August issue of the ETF Profit Strategy Newsletter explains the one chart-pattern that explains why the next leg down will be strong and powerful. A British Historian noted decades ago that a wise person does at once what a fool does at last. Both do the same thing; only at different times. Will you get out of the markets way in time, or too late?
Here’s a new piece of the dismally murky puzzle which belies
a previous raison d’etre for rally: Greek
Bonds Slump As Austerity Backfires, Country Enters “Death Spiral”, And The
Violent End Game Approaches . Previously, Walmart same store sales were actually down (overseas
results were up), and, think about it. Isn’t Walmart, as essentially an
american based sales agent of china products a ‘contrarian indicator’ for the
the u.s.; that is , hasn’t Walmart’s rise coincided with american main street’s
demise. Similarly, fraudulent wall street high frequency churn and earn
programmed trade scams among many other
frauds as yet unprosecuted has heralded the death knell for american
business and the economy, generally. Old news at best and, that ‘not bad as expected, better than expected dog
don’t hunt no more’! ‘YAHOO [BRIEFING.COM]:
… Retailers were also strong. As a group retailers climbed 1.8%. Discount
retail giant and Dow component Wal-Mart (WMT 51.02, +0.61) was
a solid performer on the back of in-line earnings and an improved
forecast. Home improvement retailer and
fellow Dow component Home Depot (HD 28.31, +0.93) had
a more positive influence over retailers. It posted better-than-expected
earnings for the latest quarter, but issued a rather mixed forecast. A
smaller-than-expected increase in housing starts during July didn't do anything
to derail the stock this session. Housing starts for July increased 1.7%
month-over-month to an annualized rate of 546,000 units, which is less than the
rate of 555,000 units that had been widely anticipated. Building permits for
July fell 3.1% month-over-month to an annualized rate of 565,000, which is
below the rate of 573,000 that had been expected…’ But, just a push of 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. ].
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.’
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.
Kaufman on High Frequency Trading ‘Sen. Ted Kaufman (D., Del.) has been banging the drum on the need for
regulatory changes to high frequency trading for a while. His latest
thoughts on the matter take the form of a letter to SEC Chairwoman Mary Schapiro
urging — among other things — major high-frequency trading firms be
required to register with the Securities and Exchange Commission. Dow Jones Newswires’ Jacob Bunge reports:…’
Deceptive
Economic Statistics: While the economists lied the US economy died Paul Craig Roberts | The
bought-and-paid-for-economists got all the media forums for a decade. While
they lied, the US economy died.
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?
The Bond
Market Is Signaling Trouble Ahead Claus
Vogt | My outlook for the economy and the stock market has steadily
and significantly deteriorated since March 2010.
China
Drains Obama Stimulus Meant for U.S. Economy Bloomberg | Globalization is pitting the Wangs in
China or Gandhis in India against the Smiths in the U.S. or Gonzalezes in
Spain.
Chossudovsky:
China could already be world’s largest economy It’s widely predicted that China’s economy will be the largest in
the world by 2020, overtaking the U.S. Only this week the country surpassed
Japan to become the world’s second biggest economy by GDP.
Greek
Bonds Slump As Austerity Backfires, Country Enters “Death Spiral”, And The
Violent End Game Approaches Those
patiently following the Greek Bond-Bund spread to its inevitable conclusion
have been fully aware that the plan that Europe is betting its entire future
on, is patently flawed: namely that austerity, by its definition does not, and
will not work.
Malaysian
Province Moves To Gold And Silver-Based Currency In “Main Islamic Event Of The
Last 100 Years” More world
governments are “just saying no” to the ponzi. Last week, the Malaysian
government of Kelantan “said it was introducing a new monetary system featuring
standardised gold and silver coins based on the traditional dinar and dirham
coins once used by the Ottoman Empire.”
Analysts
Foresee $1,300 Gold By Year-End Worries about a fragile U.S. economy are likely to keep investors
shifting toward gold and could push the metal to fresh record highs near the
$1,300 area by year-end, analysts and traders say.
Kicked In The
Groin: Health Insurance Companies Are Dramatically Increasing Premiums Due To
The New Health Care Law And There Is Not Much We Can Do About It Wasn’t the new health care reform law
supposed to make health care more affordable for everyone? Well, imagine my
surprise when I opened up a letter from my health insurance company recently
and found out that my health insurance premiums were going up by nearly 50
percent.
geithner:
Fannie, Freddie in need of overhaul
(Washington Post) Now this is an understatement from tiny tim, God bless
us everyone. I think tiny tim’s more concerned with public perception over
their haul of taxpayer dollars.
Manufacturing,
housing sectors exhibit diverging fortunes (Washington Post) I’d say understatement but I truly don’t
know what this headline means juxtaposed with ‘fortunes’.
Are You Ready
For How Bad It Will Get? Graham
Summers | There are numerous components in the latest GDP number that
are extremely suspect.
China
Slashes U.S. Government Bond Holdings By The Largest Amount Ever China began reducing its holdings of U.S.
government bonds again in June, and in fact cut just its holdings by the
largest 1-month amount ever.
18
Signs That America Is Rotting Right In Front Of Our Eyes Sometimes it isn’t necessary to quote facts
and figures about government debt, unemployment and the trade deficit in order
to convey how badly America is decaying.
Goldman
Sachs Could be Largely Unaffected by ‘Financial Overhaul’ As Wall Street scrambles to find the best and
most profitable way to operate under the new financial reform law, Goldman
Sachs Group Inc. — the firm that was expected to suffer the most under the
legislation — could emerge practically unscathed.
Tons of
gold imports turn to dust on arrival Several tons of gold imported into the UAE by traders and
investors turned out to be fake on closer inspection, resulting in millions of
dirhams in losses and high levels of stress to the victims.
Google
Yanks “Kill The Web” Article That Warned Of Internet Takeover Paul Joseph Watson | In the face of censorship, it’s
more important than ever that people get the word out about Google’s plan to
kill the web.
‘Bombshell
Barack’ and ‘Kill Web’ Heading to Top of Google Trends Matt Ryan | Alex Jones would like to again thank everyone for
their continued support in spreading the message of truth.
Google
Plans To Kill Web In Internet Takeover Agenda Paul Joseph Watson | Doomsday scheme will silence
independent voices for good.
Provocateurs
Spray-paint “Infowars.com” on Private Property in Pennsylvania Kurt Nimmo | Fox News station in Pennsylvania insinuates
Infowars.com behind incident.
Google
Yanks “Kill The Web” Article That Warned Of Internet Takeover Having at
first appeared as normal, our earlier article about Google’s plan to kill the
web has been completely de-listed from Google News. This is completely
unprecedented and underscores how keen Google is to prevent people from finding
out that it is a CIA-NSA front that is preparing to completely end the Internet
as we know it with the Verizon net-neutrality killing deal.
Drudgereport:
NEW LOW
FOR O: GALLUP DAILY SHOWS OBAMA 41% APPROVE, 52% DIS...
NEW
JOBLESS CLAIMS RISE TO 500,000...
Highest
level in 9 months...
CBO:
DEFICIT 9.1% OF GDP... DEVELOPING...
Homeowners
Expect Home Values to Fall More...
Death of
the 'McMansion': Era of Huge Homes Is Over...
Bankruptcies
Reach Nearly 5-Year High...
REPORT:
China targets U.S. troops with arms buildup...
Military
power growing...
Pentagon
warning...
Risky
game on the high seas...
How
long can America fend off the dragon?
'Without
a revolution, Americans are history'...
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
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.”
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.
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) [ As
if we didn’t see that coming! ]
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 , 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.
States
get grants to help regulate health insurance rates (Washington Post) Sounds like a plan … born of capital hill
math; viz., ie., just sayin’, $1
million for a bureaucracy that will cost many millions, even as states
like the nation itself are defacto bankrupt.
Regulators
consider toughening overdraft rules even more (Washington Post) Wow!
They’re tough … when talking millions instead of the hundreds of billions of
taxpayer funds they’ve frittered away. You can’t make this stuff up!
Barclays
Bank agrees to forfeit $298 million to authorities (Washington Post) Well,
they haven’t gotten to the point just yet
where it’s just not worth doing business in america, but they’re workin’
on it and getting’ there!
In
Supporting The Ground Zero Mosque, Barack Obama Falls On His Sword [ I really wasn’t inclined to comment on this
because it’s just not that big a deal except as to exceedingly small minds.
However, I feel I must say that if the jewish Mayor of NYC who is certainly no
slouch and really knows how to count thinks it’s ok, then it’s OK. Period! ]
With President barack obama’s political dynasty already on life support, his
decision to publicly back the hugely unpopular building of a Muslim mosque near
Ground Zero confirms that Obama, or rather the advisors that pull his strings,
have decided to commit political suicide and cut him loose from the Washington
power structure, with the hope of fooling Americans with another establishment
Republican as a legitimate alternative in 2012.
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 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 ]
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 , 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
For
Obama, some chances ahead (Washington Post) [ Come on! Wake
up! There are no chances ahead for wobama’s already failed presidency! He knows
it, the people know it, and even his most ardent blind supporters know it. One
too many b*** s*** stories and broken (campaign) promises. Delivering a speech,
albeit teleprompted, is a far cry from delivering, which reality most have
awaken to. He seems to be incapable of even one original thought even as the
wobamas seem to take umbrage as they are dissed for self-created lack of
approbation ($500 sneakers, spain trip, fiddling while the nation burns, etc.).
What next? The race card? Even as his (in)justice department had decided to
ignore civil rights violations by blacks and focus only on whites? No! wobama’s
failed presidency is as done as an
over-cooked hard-boiled egg. Empty words just ain’t enough! ] New Orleans
visit, Iraq speech offer president opportunities to help end a frustrating
summer.
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.
Bombshell:
Barack Obama conclusively outed as CIA creation Wayne Madsen | Investigative journalist Wayne
Madsen has discovered CIA files that document the agency’s connections to the
lives of Barack Obama and his mother, father, grandmother, and stepfather.
Google
Yanks “Kill The Web” Article That Warned Of Internet Takeover Having at
first appeared as normal, our earlier article about Google’s plan to kill the
web has been completely de-listed from Google News. This is completely
unprecedented and underscores how keen Google is to prevent people from finding
out that it is a CIA-NSA front that is preparing to completely end the Internet
as we know it with the Verizon net-neutrality killing deal.
Google
Plans To Kill Web In Internet Takeover Agenda The net-neutrality ending
deal with Verizon is just the beginning of Google’s plans to kill the open and
free Internet as part of their takeover agenda to completely control the world
wide web and force independent media websites, radio and TV shows out of
existence for good.
Obama’s
pledge to close down Guantanamo is ‘not even close’ Barack Obama’s pledge
to shut down Guantanamo Bay will not be honoured until at least a year after
the President’s self-imposed deadline – and may not be completed in his first
administration.
Constitution
“Silly Stuff,” Says Illinois Congressman Democratic Congressman Phil Hare,
who caused outrage earlier this year when he told constituents who asked him
about the legality of the health care bill, “I don’t worry about the
constitution,” has sparked fresh consternation after he was caught on camera in
an Illinois hotel labeling the founding document of America “silly stuff”.
Google’s
Plans to Take Over The Internet Exposed! Google’s agreement with Verizon to
speed certain Internet content to users opens the door to the complete
sterilization of the world wide web as a force for political change. Under
Google’s takeover plan, the Internet will closely resemble cable TV,
independent voices will be silenced and the entire Internet will be bought up
by transnational media giants.
‘Pre-Crime’
Reaches Number 1 Google Trend Spot Matt
Ryan | Steve Watson’s incredible article about the use of
pre-crime technology was picked up by large news sites such as the Drudge
Report and others.
Pre-Crime
Technology To Be Used In Washington D.C. Steve Watson | Computers predict what crime will be committed
where, by who and when.
I-Dosing:
Another Excuse for Government Control Over Our Lives Kurt Nimmo | Government claims i-dosing induces the same kind
of mind-altering effects as marijuana, cocaine, peyote, and opium.
Ehrlich
and Holdren: Death “Reasonable Price to Pay” for Well-being of Society Jurriaan Maessen | The head-hunters of the
scientific dictatorship are not simply powerless psychopaths exchanging
abstract ideas.
US-Vietnam
Military Drills Crank Up Tensions With China The U.S. Navy just began
military exercises with Vietnam in the South China Sea and China, which had in
the past been more accepting of the U.S.’ naval power in the region, is now
showing its anger, according to The Asia Times.
Poll: ‘No’ to
US wars at all time high A new opinion poll says the number of Americans
opposed to the US wars in Afghanistan and Iraq is at an all time high.
Ground
Zero Mosque Imam Is Globalist Stooge Steve Watson | CFR
member receives financial backing from who’s who of global corporate elite.
Alex
Jones and MSNBC’s Hit Piece: The Lost Footage Infowars.com | The
“rest of the story” found its way on YouTube and Alex Jones’ Facebook page.
Two Films
That Blew Bilderberg Wide Open Paul Joseph Watson | Fidel Castro’s spotlight
on the Bilderberg clique is part of a global awakening to the new world order.
Zionist
Lobby Paid Off U.S. Journalists To Sell Israeli Foreign Policy Paul Joseph Watson |
Declassified documents take on deeper significance in light of Jeffrey Goldberg
and The Atlantic Monthly’s efforts to propagandize for an attack on Iran.
The Ground
Zero Mosque and Property Rights Kurt Nimmo | The issue is not terrorism or
9/11, but the sanctity of the individual and his property.
Orwell
in charge? Kucinich compares Iraq ‘exit’ to Bush’s ‘Mission Accomplished’ “Who
is in charge of our operations in Iraq , now? George Orwell? A war based on
lies continues to be a war based on lies. Today, we have a war that is not a
war, with combat troops who are not combat troops. In 2003, President Bush said
‘ Mission Accomplished ‘ . In 2010, the White House says combat operations are
over in Iraq , but will leave 50,000 troops, many of whom will inevitably be
involved in combat-related activities.
High-tech
carts will tell on Cleveland residents who don’t recycle … and they face $100
fine The chips will allow city workers to monitor how often residents roll
carts to the curb for collection. If a chip show a recyclable cart hasn’t been
brought to the curb in weeks, a trash supervisor will sort through the trash
for recyclables.
Zionist
Lobby Paid Off U.S. Journalists To Sell Israeli Foreign Policy Newly
declassified documents highlighting how the Israeli lobby routinely paid off
journalists in the U.S. corporate media to write pro-Zionist propaganda in
support of Israeli aggression against Palestine and Iran during the 60’s have
taken on new significance after the Atlantic Monthly, which is named in the documents
as being complicit in the bribing scandal, recently published a cover story
hyping the necessity and inevitability of an Israeli attack on Iran.
CIA
Launches “Counterproliferation Center” as Iran Attack Rhetoric Kicks Into High
Gear Kurt Nimmo |
CIA will peddle propaganda required to sell the increasingly irrelevant
American people future wars.
Ron
Paul: The American Empire Can’t Afford Another War Infowars.com | Alex welcomes
back Congressman Ron Paul to the show to discuss the latest on Iran,
legislation in the house, and more.
Air
Force Issues Memo Warning Soldiers, Employees Not to Read WikiLeaks Docs Kurt Nimmo | Memo confirms
that the Pentagon is monitoring web activity of its soldiers and employees.
9/11
Heroes Blast Obama: Forget The Mosque, We’re Dying Hero 9/11 first responders, many of whom are
sick and dying, have slammed Obama in an open letter for ignoring their plight
while taking the time to outline views on a proposed mosque close to ground
zero, the site of the 2001 attacks that felled the twin towers.
Chaos
Erupts in California as Over-Taxed Residents Express Outrage The city of Bell, CA has recently been
exposed for having corrupt and overpaid city officials receiving salaries
larger than the President of the United States. Residents who have recently
learned they were over-taxed to pay for the government workers took control of
a City Council meeting and demanded resignations.
China Reacts
Angrily To Pentagon Report Beijing
reacted angrily Wednesday to a Pentagon report expressing worries about China’s
burgeoning military capabilities, calling such concerns baseless.
In
Supporting The Ground Zero Mosque, Barack Obama Falls On His Sword [ I really wasn’t inclined to comment on this
because it’s just not that big a deal except as to exceedingly small minds.
However, I feel I must say that if the jewish Mayor of NYC who is certainly no
slouch and really knows how to count thinks it’s ok, then it’s OK. Period! ]
With President barack obama’s political dynasty already on life support, his
decision to publicly back the hugely unpopular building of a Muslim mosque near
Ground Zero confirms that Obama, or rather the advisors that pull his strings,
have decided to commit political suicide and cut him loose from the Washington
power structure, with the hope of fooling Americans with another establishment
Republican as a legitimate alternative in 2012.
Former
Pakistani Intel Chief Fears World War Three Is Imminent Former Pakistani General and intelligence
chief Hamid Gul appeared on the Alex Jones Show yesterday for a full hour in
what turned out to be a fascinating extended interview, addressing the major
geopolitical issues that are shaping modern history.
Neocon
Bolton Renews Call for Israel to Bomb Iran Last Friday the former interim UN ambassador during the Bush
administration went on Fox News and warned that if Israel did not conduct a
bombing raid against Iran’s nuclear energy program within a few days, the
window of opportunity would be lost. Bolton made his comment following a report
last week that Russia will begin loading nuclear fuel at Iran’s Bushehr reactor
on July 21.
Google search: ‘bolton, neocon, mental problems’ About 143,000 results (0.37 seconds)
Here’s the first of many pages. Yeah … he’s that bad / psychotic!
· Think Progress
» John Bolton jokes about nuking Chicago, entire ...
Feb
26, 2009 ... Bolton, the NEOCON gift that keeps on giving the
Repuglycans zero ... The problem with McCain was this. As a veteran
and a POW he get's high marks. ..... to get some treatment at the closest mental
health facility. ...
thinkprogress.org/2009/02/26/bolton-nukes-chicago/ -
Cached
- Similar
· Think
Progress » Even After North Korea Frees American Journalists ...
Aug
4, 2009 ... Bolton, like all neocons, doesn't understand that
there is ..... Of course, we all know it was BUSH who caused the problem
in the first place, right? .... they view the world in the light of their own mental
disorder, ...
thinkprogress.org/2009/08/.../bolton-north-korea-journalists/ - Cached
- Similar
Show
more results from thinkprogress.org
· Breaking:
Neocon John Bolton Names Dick Cheney "Conservative Of
...
Dec
21, 2009 ... Re: Breaking: Neocon John Bolton Names Dick
Cheney "Conservati ... republicanism/conservatism is a mental
illness that is killing America and ... Problem is one side will
shamelessly try and stack the deck in their favor ...
crooksandliars.com › Blogs
› Logan
Murphy's blog - Cached
- Similar
· John Bolton's
Astonishing Neo-Neo-con Rewrite of History ...
Apr
17, 2007 ... On March 25, John Bolton was interviewed by BBC
Newsnight's Jeremy Paxman (video here). ... I think the real problem
was in not relying more on Iraqis. .... BTW, a mental giant, you are
not. The best thing to happen to ...
www.democrats.com › Blogs
› Bob
Fertik's blog - Cached
· Bolton
suggests nuclear attack on Iran « LobeLog.com
Bolton and his neo-con
crazies aren't setting the agenda anymore, ... And I do not mean the mental
condition of Mr Bolton and his fellow neocons. ...
www.lobelog.com/bolton-suggests-nuclear-attack-on-iran/ - Cached
- Similar
· Don't
Hold Your Breath, Ambassador Bolton - Atlas Shrugs
May
26, 2009 ... It's a special kind of mental illness. ... Bolton
has been derided as "the neocon's neocon" who "laps up
the hosannas of fellow ...
atlasshrugs2000.typepad.com/.../dont-hold-your-breath-ambassador-bolton.html - Cached
· The BRAD BLOG : The Fall of the NeoCons:
Bye Bye Bolton
Dec
4, 2006 ... Clyburn: E-Vote 'Hacked'; Rawl: 'Systemic Software Problems'
.... Add 'The Fall of the NeoCons: Bye Bye Bolton' to
Del.icio · Add 'The ... The Army's Lack of Mental Health Treatment for
Returning Troops" NEXT STORY » ...
www.bradblog.com/?p=3873 - Cached
· Ambassador
John Bolton: Israel Has 8 Day Deadline to Attack Iran ...
30
posts - 4 authors - Last post: 21 hours ago
"Religion
is science for the mental ill" - Myself ... John Bolton
is a Bush neo con,,, obviously broke and needing the money. ...
www.godlikeproductions.com/forum1/message1163684/pg2
· [World Wide News Flash] Bolton
New
article on darkpolitricks: Neocon Bolton Renews Call for Israel to
Bomb Iran http: darkpoltweeter (Dark Politricks RT): New article on
darkpolitricks: ...
www.wwnewsflash.com/bolton
· [PDF]
The
Neocon Factor in - The Zealots of Dominance: The Neocon
Factor ...
File Format: PDF/Adobe Acrobat - Quick
View
a sweeping diagnosis, it's clear that mental health has been a problem
within ...... Neocon icon John Bolton, Bush's abrasive former
Ambassador to the UN, ...
www.sf911truth.org/neocons.pdf
Ban
Ki-moon’s Top Advisor: Scientific Elite Should Spearhead Global Population
Control “The fertility reduction
and stabilization of population is crucial. He (Sachs) concluded by urging for
the adoption of a globally agreed action plan at next year’s Summit to achieve
the MDGs by 2015, and proposed to form Working Groups with members of the
delegations around particular themes. He characterized this effort as not
negotiation, but as global problem solving and suggested that the Working
Groups would brainstorm on the globally agreed plan.”
Obama, the one-term
president [ The fact is, as I’ve
previously commented, he’s ok with and has already accepted his one-term ‘being
there’ failed presidency which explains his huge divergence from his promised
change, among other promises and the false expectations he created thereby. He
lacks courage, of course; but that’s become so typically american and he’s very
typical. ] Q: Will Barack Obama be a one-term president? A: Yes, he might last
that long.
Dreaded
Hindenburg Omen Will Play Out Within 4 Weeks UBS Financial Services
Director Art Cashin says that we’ll know within 3 or 4 weeks whether the
dreaded Hindenburg Omen, a set of market factors that precede a stock market collapse,
will unfold as many are now predicting.
Desperately
Seeking Accommodation: Iran Offers U.S. Chance to Build Nuclear Power Plants Kurt Nimmo | It is extremely
unlikely the U.S. take Iran up on the offer.
Deceptive
Economic Statistics: While the economists lied the US economy died Paul Craig Roberts | The
bought-and-paid-for-economists got all the media forums for a decade. While
they lied, the US economy died.
Former
Pakistani Intel Chief Fears World War Three Is Imminent Steve Watson | General Hamid
Gul points to “dark impulse” controlling US system.
Obama: All In The Company Wayne Madsen | CIA connected
to institutions and individuals figuring prominently in the lives of Barack
Obama, his mother, father, grandmother, and stepfather.
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.
China
focuses on military might (Washington Post) [And the big difference here (between them
and defacto bankrupt america) is that ‘THEY CAN AFFORD IT’ and are not fighting
nation-bankrupting, anti-american-sentiment-creating wars all over the
place.] Nation is quickly modernizing
forces, extending influence deep into Pacific and Indian oceans.
Karzai wants private security firms out of
Afghanistan: KARZAI WANTS COMPANIES OUT U.S. calls 4-month deadline 'very
challenging' (Washington Post) One too many civilian
killed. Maybe they figured out that american non-strategy employing the
Hegelian methodology of creating problems that American firms can solve. Doomed
to failure, they eventually catch on. The bushes were famed for same but wobama
has foolishly been no slouch in this regard.
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.
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.
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
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 ]
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...
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
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
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. ]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 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 ]
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 , 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 , 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 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 (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.
China
focuses on military might (Washington Post) [And the big difference here (between them
and defacto bankrupt america) is that ‘THEY CAN AFFORD IT’ and are not fighting
nation-bankrupting, anti-american-sentiment-creating wars all over the
place.] Nation is quickly modernizing
forces, extending influence deep into Pacific and Indian oceans.
Karzai wants private security firms out of
Afghanistan: KARZAI WANTS COMPANIES OUT U.S. calls 4-month deadline 'very
challenging' (Washington Post) One too many civilian
killed. Maybe they figured out that american non-strategy employing the
Hegelian methodology of creating problems that American firms can solve. Doomed
to failure, they eventually catch on. The bushes were famed for same but wobama
has foolishly been no slouch in this regard.
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.
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.
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 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***!
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.
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’.
Girdles
for men? They
call it "men's shapewear," but ladies, we know that you know what
that really means. Spanx for Men debuted to such a success this year that the
company is coming out with a line of (gulp) bottoms for the fall.
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’].
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 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
].
NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA)
Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and
corrupt costly bureaucracies.
There must be such things
as parallel universes (I don’t really believe that, because there isn’t) or how
else do you explain the disconnect between reality, current and prospective,
and the wet dreams posited to keep the war funding / corporate welfare programs
alive in collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much higher. Even
israel apologist Cohen of The Washington Post alludes to the Vietnam analogy.
However, even if there were real goals beyond the poppy / heroin trade which
the Taliban had all but eradicated (there isn’t); even if america wasn’t
defacto bankrupt (america is); even if america wasn’t killing innocent
civilians in large numbers (war criminal nation america is); even if america’s
allies haven’t similarly helped to bankrupt themselves by way of this war (they
have); even if I hadn’t told you so (I did) ….. this war still was, is, and
remains a very bad idea!
Afghan
war overtakes Vietnam to become the longest conflict in U.S. history Mail
Online | The war entered its 104th month yesterday, with 30,000
American troops being deployed in the first half of this year alone.
You
think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland, Director of
the Center on Peace and Liberty at the Independent Institute in Washington DC,
gives his opinion on new sanctions imposed on Iran.
I
include the first two comments to the foregoing headline:
Billo Says:
June 11th, 2010 at 6:15
am
Lunacy? Keep in mind
that this country is run and controlled by lunatics. Our press government and
military seem to take their orders from Israel. Isarel wants to be known as a
pack of “mad dogs. Do we want “mad dogs” controlling us?
Here we see a bunch of phony accusations against Iran just
like we did in the run up to the bogus wars in Iraq, Afghanistan and now
Pakistan. The boy has cried wold ten thousand times. It’s time to identify the
“lunatics” and kindly take away the car keys. If you won’t let your friends
drive drunk, why do we let a bunch of “lunatic” enemies run this place.
Glen Reply:
June 11th, 2010 at 6:47
am
Lunacy it would be.
But it is also to their
great credit that the Iranians have not made their own threats.
Everyone knows there are
3 WMD threats, Nuclear Biological and chemical. The scariest of which is
Biological.
Any attack done under
the threat of immediate biological retaliation would deter only the insane.
Watch out america home
of the insane, home of the leaders who want an 80% population reduction.
General
McChrystal’s Burning Contempt for the Puppet Obama The farce that is the
war in Afghanistan is coming apart at the seams. General Stanley McChrystal’s
sharp comments about Obama, Biden, and the administration published by Rolling
Stone are not so much about disrespect, as the script-reading corporate media
talking heads would have it, but rather about a policy in disarray in
Afghanistan.
Gaza blockade illegal,
must be lifted — UN rights official Israeli blockade of Gaza
unsustainable: White House US Jewish opinion
and the ‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued that US
foreign policy has been hijacked by organized Zionism went strangely unnoticed
by the leading journal of American intellectual opinion, the New York Review of
Books. Doubts Grow Over Israel’s Value as U.S. Ally Jim
Lobe | The notion is that Israel and its actions have since the Cold
War increasingly become a “strategic liability” to U.S. interests in the
region.
Mideast
Digest Israeli shelling kills 2 wounds 6 Gaza civilians: (Washington Post) [War
criminal israelis justified their attack saying when the 10 year old girl grew
up to be a woman she’d be prepared to fire rockets at them … press on says
fellow war criminal defacto bankrupt nation america] israeli shellfire killed two Palestinian freedom
fighters and wounded six people, including a 10-year-old girl, in the Gaza
Strip, Palestinian medical workers and an official with a militant group said.
An israeli military spokeswoman said soldiers opened fire on militants
suspected of preparing to fire a rocket at them.
A
Plague Upon The World: The USA is a “Failed State” Dr. Paul
Craig Roberts | The American people are lost in la-la land. They have
no idea that their civil liberties have been forfeited. US
citizen killed on flotilla reportedly shot four times in head Raw
Story | A forensic report said Furkan Dogan was shot at close range,
with four bullets in his head and one in his chest, according to the Anatolian
news agency. The explanation foisted off on the americans by war criminal
israelis is probably something on the order of ‘they just wanted to make sure
they missed him’. Roberts:
‘AIPAC purchases US elections’ Russia Today | Paul
Craig Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US
funding terrorist group against Iran’ Press TV | A
member of a terrorist organization operating in Iran says that a US State
department radio station originally put him in touch with the group.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-à-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed, prosecuted,
and/or ruined; and, hasn't anyone asked how "wall street" has been
"spared the spotlight" (and even was accorded protective legislation
from their criminal culpability) and focus of inquiry, attention, and
prosecution despite being the primary beneficiaries financial and otherwise of
these scams (you know the wall street motto, "churn and earn"; huge
conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear weapons
as the international community meets at the United Nations in New York this
week to consider banning such arsenals from the Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.”
buzz
aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to
see if he already has the footage in the can since you won’t be able to use the
moon footage for the new boondoggle video ...
OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com - - CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld
New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece
of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have
already done this so it’s not as if they’re starting from ‘ground zero’, so to
speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware
say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might
want to mate with astronaut Paddy Ross who has returned from Mars as a space
alien host body.
First fake moonwalker blasts Obama's space plan msnbc.com - -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a piece of petrified wood ... Another piece of evidence
that shows again that apollo program is indeed a fake and a typical american
fraud!
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.
War
in Afghanistan and Iraq costs America $1trillion From the Old
| On May 30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and
Iraq. Sinking
of the Cheonan: A Classic False Flag Operation Russia Today
| Sinking of the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from the dire
economic situation at home.
. Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international media, is
attempting to spin today’s deadly IDF assault on a humanitarian aid ship
carrying supplies to Gaza as the fault of the murdered activists on board the
vessel, ludicrously characterizing machine-gun carrying Israeli troops who
killed over a dozen innocent people as the victims of the incident.
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.
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 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
].
NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA)
Corrupt
u.s. courts / judges: Their lifetime plush appointments should be abolished,
which corrupt entities are unheard of in productive societies as China, Japan,
etc.. Time to abolish these drags on society and eliminate their lifetime stipends
and corrupt costly bureaucracies.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-à-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed,
prosecuted, and/or ruined; and, hasn't anyone asked how "wall street"
has been "spared the spotlight" (and even was accorded protective
legislation from their criminal culpability) and focus of inquiry, attention,
and prosecution despite being the primary beneficiaries financial and otherwise
of these scams (you know the wall street motto, "churn and earn";
huge conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear weapons
as the international community meets at the United Nations in New York this
week to consider banning such arsenals from the Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.”
buzz
aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to
see if he already has the footage in the can since you won’t be able to use the
moon footage for the new boondoggle video ...
OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com - - CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld
New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece
of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have
already done this so it’s not as if they’re starting from ‘ground zero’, so to
speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware
say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might
want to mate with astronaut Paddy Ross who has returned from Mars as a space
alien host body.
First fake moonwalker blasts Obama's space plan msnbc.com - -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a piece of petrified wood ... Another piece of evidence
that shows again that apollo program is indeed a fake and a typical american
fraud!
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.
War
in Afghanistan and Iraq costs America $1trillion From the Old
| On May 30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and
Iraq. Sinking
of the Cheonan: A Classic False Flag Operation Russia Today
| Sinking of the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from the dire
economic situation at home.
. Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international media, is
attempting to spin today’s deadly IDF assault on a humanitarian aid ship
carrying supplies to Gaza as the fault of the murdered activists on board the
vessel, ludicrously characterizing machine-gun carrying Israeli troops who
killed over a dozen innocent people as the victims of the incident.
Murder on the high seas
JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at
least 10 rights activists were killed, triggering a diplomatic crisis and an
emergency session of the UN Security Council. European nations, as well as the
United Nations and Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza Strip
Israeli
American Microbiologist Linked to Deadly Fungus Kurt Nimmo
| A report links labs in the United States and Israel to the Cryptococcus gatti
fungus that has killed several people in the United States.
Iraqi
doctors demand cancer probe Al Jazeera | Iraqi
doctors believe depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too true and
real; and I’m surprised this hasn’t gotten more attention, coverage … well,
maybe not that surprised ].
"What
this means is that Neanderthals are not totally extinct. In some of us, they
live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the distinction,
without a difference). Actually, prior to studying the compelling subject
of Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks
on the subject.
Neanderthals, Humans Interbred, DNA Proves
Signs of Neanderthals Mating With Humans -
Neanderthals mated with some modern humans
after all and left their imprint in the human genome. Genome
hints humans, Neanderthals rolled in prehistoric hay
You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals
and people interbred, fossil analysis finds For more info on man’s
humble beginnings, see
here
http://www.albertpeia.com/anthroindex1.htm
Previously
I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN....
These stories, and the many like it, are old news and I subscribe to the more
studied view that there is no “missing link” per se and in my view they are
distinctions without significant differences. I previously wrote:
To
Learn More About From Whence Man Came, This Link's For You
[To the
Professor at the beginning of the course]
10-5-09
Postscript: Professor *****,
I felt compelled to thank you again for the add; not to curry your favor but
indeed to express profound thanks inasmuch as this is probably the last formal
course at a formal educational institution I'll ever take; and among the most
important. While I had bought at discount a library-discarded 1993 Anthropology
by Embers text, though meaning to read same never quite got to it. I am
astounded by the substantial amount of time involved in the evolutionary
process, not that I ever stopped to think about it, and one must come away with
the sense of 'and all that...for this?'. This course should be required
curriculum along with psychology, sociology, etc., but probably won't be owing
to what is, as it should be, a very humbling educational experience for any
member of the human race.
Regards,
Al Peia
[Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological Anthropology remain
what I believe to be the correct scenario. Specifically, very simply stated,
for the most part, the more “enlightened” (but not by much; by mutation,
accident, luck, intervention, etc.) left the unvarying confines of their
Sub-Saharan origins, experienced diverse new environs, challenges, etc., experienced
what has been described (by neuroscientists, psychologists, etc.) as
neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.]
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Don’t
Tread On Me: A Refresher Course on the Constitution
Sen. Levin urges State Department to put
Afghan Taliban on list of terror groups (Washington
Post) Oooooh! … Sounds like a plan … and emanating from washington (and a
thriving Michigan jew no less) … who says they don’t do anything? … And,
consistent with that apocalyptic vision set forth in the Bible [albeit a book
of truth from a very limited perspective (for which literal interpretations are
misleading); after all, the Wise Men thought it was a movable star that was
guiding them and shone the bright ‘spotlight’ upon the manger with the Christ];
the jews and some other entity against the rest of the world for that final
Armageddon … oh, they’ll make that happen … it gets them through their day with
every step closer to apocalypse but not to the place called heaven will they
go. The end of this world? You might say america / israel / and theirs are
feverishly working on just that, one way or another!
Roman Polanski freed after Swiss reject U.S.
extradition request (Washington Post, July 13, 2010) Without diminishing in any way the seriousness of the crime, this
result is the direct consequence of the growing global recognition of the
pervasiveness of corruption in american courts, state and federal, and america
generally; so much so, that said corrupt american courts cannot be relied on
anywhere, anytime. Indeed, my own sampling, though hardly random to be candid,
is 5 for 5 (new jersey, new york, connecticut, virginia, california)
pervasively and egregiously corrupt to the point where these costly, corrupt
bureaucracies should be abolished and supplanted with alternatives as I’ve
previously set forth in these comments.
BUDGET
CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... [Judge sends Lohan to jail for probation violation (AP) – They
got her! That globe-trotting danger / threat to society, the infamous public
enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe.
How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer,
armed robber, etc., she would have had the pre-paid connections to avoid this
preposterous (known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing to budgetary
considerations. ]
ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND
EXPERIENCE . (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST
"CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:
·
Response
to App. Div. OSC
·
STATE
OF CALIFORNIA ethics complaint
·
Response to Sup.Ct. OSC
·
designation of record on
appeal
·
The so-called
"order" appealed from.
How embarrassing for the superior court of the state of california!
·
Typical
corrupt banana republic america/california court
Dirty
money digitally laundered … a wall street, atlantic city, and american story …
a very bad one and [also see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Fraud:
It’s Much Bigger Than Goldman Sachs Regulatory
reform debate obscures key fact: Everybody’s getting money bribes from Wall
Street
Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare
moment for one to say that a sleazy hypocrite like blago, who is on corrupt
federale-connected mobster trump’s celebrity apprentice, happens to be correct
based upon facts / reality and my own direct observation and experience and the
law – Don’t forget to include corrupt federal judges as maryanne trump barry,
sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt america’s
so-called system is pervasively corrupt and broken] (AP) [Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Go to following
pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You may post a comment on my blog on any topic: http://alpeiablog.blogspot.com
U.N. official calls
Ban's leadership 'deplorable' (Washington Post) As long as
she’s looking in the mirror as she speaks … we’ll buy it! After all, they’ve
all but ignored illegal israeli nukes, israeli violations of international law
/ u.n. resolutions, etc., even as they bully Iran. Collectively, the u.s. has
indeed become a joke.
Mideast DIGEST (Washington
Post, July 19, 2010) netanayahu
admits on video he deceived US to destroy Oslo accord The contents of a
secretly recorded video threaten to gravely embarrass not only Benjamin
netanayahu, the Israeli prime minister but also the US administration of Barack
Obama.
A
lost fight to keep selling Chryslers (Washington Post) I realize it’s easy to say after the fact,
with hindsight, that I was always at a loss to understand this very issue and
such lack of understanding of the dealer / manufacturer inter-relationships
left me speechless; however, the same always seemed counter-intuitive. Truth be
told, however, I ‘m a big fan of Cal Worthington here in California based solely
(and uniquely for me) on his television commercials in which the big cats
figure prominently in actual footage of him with them, along with him riding
bulls, killer whales, etc., and having very competitive advertised prices (He’s
primarily Ford but sells them all).
The week ahead in business
(Washington Post) Big week indeed for
‘no-recession-helicopter-ben’ bernanke, the captain of that unsinkable american
economic Titanic who like the senile incompetent predecessor alan green_spun
quite a few contra-indicated yarns himself!
Market
Going Down With the Ship? Montgomery: ‘This morning the Baltic Dry Index, a
measure of freight rates for international shipping, was at 1700. It hasn't
been at this level since April 2009, only four months after its Credit Crisis
low and only one month after the stock market was at its bottom. Bloomberg News
noted a week ago that the index had dropped continuously for the longest period
in nine years. Yes, the current drop in the preceding seven weeks (from a high
of 4209 in late May) has been bigger than anything seen during the Credit
Crisis. The last drop of this magnitude was in August 2001 in the middle of
that year's recession. Lack of shipping activity from China, the engine for
global economic activity, was cited as the main cause for the falling index.
Charter rates for all types of ships tracked in the index are falling. Prices
for dry bulk shipping, which doesn't include energy commodities, tend to be
very sensitive to economic activity. A sharp drop in rates indicates a
significant drop in global trade. Based on historical charts it looks like the
Baltic Index can lead, be coincident or lag movements in economic data and the
stock market. The index seems to be most closely correlated with prices of
industrial commodities and the industrial sector of the global economy. While
this is not the largest component of the U.S. economy (the service sector is
four times larger), it is the key sector in developing economies. It was
manufacturing though that had the biggest rebound in the U.S. since last year.
The service sector has remained lackluster. The stock market will likely be
following the Baltic Index down, although perhaps not with such a precipitous
decline. The Index has dropped almost 60% since late May. With the exception of
the small cap Russell 2000, none of the major stock indices have had even a 20%
drop - at least not yet. Disclosure: No positions.’
The
Obama Deception Number 1 on U.S. Google Trends
Then there is the well researched, produced, and informative
‘ESOTERIC AGENDA’ which explains how we’ve gotten to this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
‘The Obama Deception’
Censored A viral You Tube upload of
one of Alex Jones’ most popular feature films ‘The Obama Deception’ has been
censored following a spur of the moment campaign to elevate the movie’s title
to the top of the major internet search engines.
In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Censorship
Alert: Obama Deception Illegally Removed from You Tube
Drudgereport: IRELAND DOWNGRADED
Vegetable
zionist Zelig joe lieberman’s Model For America: Purging The Internet of
Dissent When political Zelig joe lieberman attempted to justify draconian
legislation that would provide President Obama with a figurative kill switch to
shut down parts of the Internet, he cited the Chinese system of Internet
policing as model which america should move towards
Road
Warrior-level collapse imminent: Alex Jones says we must take corrective action
now Move towards global currency as
U.S. loses status, faces depression and sees dangerous cuts to services as
economic instability sets in.
Week's
gains erased; stocks drop as pessimism grips investors (Washington Post) Reality, Really, Realistically does
bite!
‘This is a global depression. This is a secular bear
market in a global depression. The past up move was a manipulated bull (s***)
cycle in a secular bear market. This has been a typically manipulated bubble as
has preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn and
earn pass the hot potato scam / fraud as in prior crashes.’
Regulators
shut banks in Fla,(3) Mich,(1) SC(1) Total 2010 (96) (AP) Financial stocks post worse loss since late May Equities Tumble, Pressured by Earnings, Consumer Sentiment Stock Indexes Slip Below Support Levels
Still great opportunity to sell / take profits since much worse,
also called reality beyond the b*** s***, to come.
Bank stress tests to shed light on Europe's
economic health: Process examines whether banks can take another punch to
gut (Washington Post) The ‘bad paper’ is still out there
in the many trillions and in criminally complicit fashion now marked to
anything; and, they got their share of the same and followed the American
paridigm concerning same, to their substantial detriment.
CNBC
Host Accuses Guest Of Just Trying To Scare The Crap Out Of Everyone CNBC’s
Simon Hobbs fought it out with Michael Pento today about the reality of the
current economic situation in the U.S.
Real Jobs, Fake Jobs In many ways, the unemployment numbers are
much worse than they appear. One factor has been the timing of the US census.
Charles
Nenner: “Long-Term Investors Should Wait Until Dow Hits 5,000″ Charles Nenner, who prior to founding the
Charles Nenner Research Institute served as a technical analyst for Goldman for
about 10 years, has been looking at charts and not seeing much to write home
about.
Martin
Feldstein: Bilderberg’s promoter of equity on adjustable-rate mortgages and the
Subprime Mortgage Crisis Make
it Eight, eh? | In late 2007, as the housing crisis was hitting a
peak, would Martin Feldstein be gearing up to suggest further reductions in
interest rates to promote consumption?
Fed sends the dollar
tumbling Ambrose
Evans-Pritchard | The Fed confessed that the US economy may not recover
for five or six years.
A
slap on the wrist for Goldman Sachs Aljazeera.net | The “great vampire squid wrapped
around the face of humanity” agreed to pay $550 million to settle fraud
charges.
22
Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of
Existence In America The 22
statistics that you are about to read prove beyond a shadow of a doubt that the
middle class is being systematically wiped out of existence in America.
Congress
Passes Bankster Consolidation Bill Kurt
Nimmo | Financial reform is a three-card Monte scam, a confidence
game, a sleight of hand.
After
Goldman, SEC eyes exotic financial products Video
(Washington Post) SEC’s Khuzami Says ‘Goldman’s Suit Should Send Message’: http://www.washingtonpost.com/wp-dyn/content/video/2010/07/16/VI2010071602828.html
I disagree! Indeed, there have been and are a plethora of laws
and ad hoc prosecutions; but, particularly for the ‘risk seeker’ criminally
insane mentality on wall street, the same is far from a deterrent as seen from
historical perspective / fact and might even perversely provide for them an
incentive. The amount is relatively meager, but so long as this settlement is
as supposedly indicated to former SEC head by Khuzami narrowly drawn and in no ways
protective of goldman with regard to the yet unresolved massive frauds in the
many trillions, the SEC should be given the benefit of the doubt. However, ‘turning
its attention to exotic financial products that MIGHT be used to harm
investors’ is troubling to say the least. Might? Who are they kidding. The ‘bad
paper’ is still out there in the many trillions and in criminally complicit
fashion now marked to anything. I further believe these products of fraud and
consequent damage are being surreptitiously being, with corrupt fed help,
supplanted with real, albeit fiat, currency ultimately to citizens / taxpayers
/ nations detriment. As things currently stand, particularly from the numbers,
fraud by wall street does pay; and pays well! Khuzami,
a 29-year-old former employee in Goldman Sachs Group Inc.'s
business intelligence unit, had better produce or appropriately find himself
prosecuted for conflict, collusion, etc.. After all, he’s hardly one to be
considered unbiased. The frauds on wall street et
als must be criminally prosecuted, jailed, fined, and disgorgement imposed. I truly believe
that absent such prosecution, there will be revolution in this country. In
other words, their ‘jig is up’ and they must go down for what they did / do.
Obama-Dodd-Frank
FinReg Monstrosity Delays Derivatives Curbs until 2022!
Wall
Street Is Laundering Drug Money And Getting Away With It
They still know how to
count. When you defraud for many billions, paying $550 million is chump change.
Goldman
to pay $550M to settle civil fraud charges (AP) Late stock rally
ahead of Goldman settlement news And the beat goes on!
Goldman Sachs beats the SEC– ‘Can Goldman Sachs Group Inc. wheel and deal or
what? The bank and brokerage's settlement with the Securities and Exchange
Commission on Thursday over the ill-fated Abacus deal may be its best trade
ever. At $550 million, it's not terribly
expensive. (GS 152.19, +6.97, +4.80%) hasn't agreed to restrict its practices
in any meaningful way. And poof! The firm can go back to work with its biggest
liability paid. Investors are ecstatic, Goldman shares rocketed 5.5% in
after-hours trading. No wonder Goldman called it "the right outcome for
our firm shareholders and clients." See
full story on the SEC settlement. For the regulators, the settlement is
more than just anticlimactic. Having bet all of its chips on reversing
embarrassing episodes such as the Bernie Madoff fiasco in an aggressive case
against Wall Street, the SEC whiffed.
Sure, the settlement is the biggest in the agency's history. Yes, the
SEC was able to squeeze Goldman on the settlement language and admit it was a
"mistake" not to have disclosed Paulson & Co.'s role in picking
the ill-fated securities. But come on. Goldman's net income last year was $12.1
billion. It could be even higher this year, given the robust first quarter
Goldman already has had. The settlement amounts to less than 5% of profits.
Maybe Goldman Sachs will even be able to write it off …’
‘West,
israel linked to SE Iran blasts’ A
ranking official with the Islamic Revolution Guards Corps (IRGC) has implicated
“the us, israel and some european countries” in the deadly blasts in the
southeastern Iranian city of Zahedan.
Concern
over smashing into the 'wall of debt' (Washington Post) Oh, they’ve hit the
wall alright; and, it’s not just debt.
I believe the printing presses have been working
overtime to pump out ever more worthless fiat currency and with the many
trillions of worthless fraudulent paper still out there and marked to anything.
I further believe the same is being surreptitiously used to supplant the
fraudulent paper, the consequences of which will be devastating, of course, as
is invariably so in depressions in any event. This scenario would also mean
huge fraud accomplis. This market
is paper on paper moving around and generating commissions at lightning
computerized speed but adding no real value in real economic terms; again, the
analogy of termites eating away at the (nation’s) foundation is apposite. As
such, that money has to come from some real place and hence, the ever more
frequent and larger crashes we are seeing. Don’t forget that the worthless
paper from previous such fraudulent schemes now marked to anything is still out
there in a magnitude some have placed in the hundreds of trillions.
Biggest wall will be reality:
‘This is
a global depression. This is a secular bear market in a global depression. The
past up move was a manipulated bull (s***) cycle in a secular bear market. This
has been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into.’
Harry Dent, Jr. Economy will be in a
Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009 instead of
2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Economists
worry women, minority business owners' gains will be lost (Washington Post)
Little bit late for ‘economists worry’; talk about senile greenspan /
no-recession bernanke economics / prognosticating. Does anybody recall the
merciless drubbing (and pressure) that Ross Perot got for predicting the ill
effects of NAFTA and standing against the tide. In america today, the best men
never win; that’s reality, and also the sign of decline.
Exports
are up, but where are the jobs? (Washington Post) Gone with the wind?
Sorry, I must have been thinking of million dollar movies. Seriously though, I
dare say everyone knows they were gone with that ‘bi-partisan executive /
congressional, think-tank, cia / nsa ill wind’ that others might refer to as
flatulence / passing gas, also called NAFTA, and also proudly hailed by the
foregoing as ‘strategy’. They’re gone, and never to return. Moreover, the
flipside of the exports, viz., imports, doesn’t bode well despite the fraudulent
wall street b*** s*** and their chorus of cheerleaders in washington. Some
might say self-delusion but I would say fraud covers all.
Companies
pile up cash but still won't add jobs (Washington Post) Unlike the public sector (which now exceeds private
sector in job gains and average compensation), the private sector attempts to
mesh hiring with economic supply / demand factors to maximize (shareholder) profits / wealth. Whatever
faults american companies have, with relatively few exceptions, this still
remains a very basic fundamental and building surplus (generating profits) is a
necessary precept to ensure survival and the capacity to be a good ‘citizen’ so
to speak. Then there’s reality:
Retail
sales down for 2nd consecutive month (Washington Post) Another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected downward revision to previous market-frothing retail
sales report and poor retail sales and plunge in mortgage applications and then
there’s the fed minutes pointing to extended bad economy. See Dave Fry’s (Daily)
summary below referencing in euphemistic fashion, yet another ongoing
manipulation also known as fraud. (Absent prosecutions, they’ll continue to do
what comes natural to frauds on wall street). Great opportunity to sell / take
profits since much worse, also called reality beyond the b*** s***, to come.
Then there’s also the bad but typical news; viz., retail sales, mortgage apps, economic outlook down, and yesterday
deficits, trade and budget, up.
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 - - Jul 9, 2010 By
Ed O'Keefe President Obama's pick to lead military operations in Afghanistan,
Iraq, Pakistan and the Middle East is an experienced ground combat commander,
but also earned a stern rebuke in 2005 for controversial comments about combat
operations. Gen. James Mattis is named head of US Central Command Los Angeles Times Blunt General Appointed to Lead Forces in Mideast New York Times
DRUDGEREPORT: BOMBSHELL: Media Mogul Mort
Zuckerman Admits He Wrote One Of Obama's Speeches...
Were White House Officials Ready to Expose Collaboration?
Zuckerman Now: Obama Barely
Treading Water...
MICHELLE TELLS BLACKS TO 'INCREASE INTENSITY'
6 troops killed in Afghanistan...
DEM GOVS WARN: OBAMA SUIT VS. AZ IS 'TOXIC'
Debt panel has gloomy outlook...
Crisis Awaits World’s Banks as Trillions Come
Due...
G20 looks to Beijing to drive global growth …
They’re dreamin’! ...
They say ‘stocks oversold’. Preposterous!
Stocks have been overbought based on bad news or nothing at all, rallying on
‘not as bad as expected’. Even if that were true (I don’t believe anything they
say), who cares what the criminally insane frauds on wall street say what they
expect. It’s fundamentals, economic and financial, that ultimately count; but,
in the meantime, they’re like termites eating away at the nation’s foundation
with lightning fast computerized trade programs, all of which excessively huge
commission churn / earn revenues are a net negative for the economy in real
economic terms which is evidenced by unprecedented economic decline in all
productive sectors of the economy. This is a great opportunity to SELL / TAKE
PROFITS since this suckers rally to suck suckers in and keep them sucked in is
based on fraud and b*** s*** alone
and: ‘This is a global depression. This is a secular bear market in a
global depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn and
earn pass the hot potato scam / fraud as in prior crashes.’
Technical Indicators Trigger Major
Sell Signal ‘…In summary, the bearish picture is confirmed by technical
indicators, a fundamental outlook, sentiment gauges, and valuations.Based on
what the market considered fair market valuations at prior historic market
bottoms, one can conclude how far stocks have to drop to reach the previously
attained level of fair valuations …’
: ‘On Friday July 9, 2010,
4:32 pm EDT It rarely ever happens, but when it does, it's serious. It
has only happened nine times in 10 years. We are referring to crossovers
between the 200-day and 50-day simple moving averages (SMAs).Very few technical
indicators receive as much attention and media coverage as the 50 and 200-day
SMAs. The 200-day MA is perceived to be the dividing line between a stock that
is technically healthy and one that is not. It's a Big
Deal It's a big deal when a stock or an index drops
below the 200-day SMA. It's an even bigger deal when the 50-day SMA of any
given stock or index drops below the 200-day SMA. Such a crossover reflects
internal weakness - at least in theory. We'll discuss in a moment how the
actual numbers match up with theoretic assumptions. On June 22, 2010, the
S&P 500 (SNP: ^GSPC) and Dow Jones (DJI: ^DJI) dropped below the 200-day
SMA. One day later the Nasdaq (Nasdaq: ^IXIC) followed. On July 2, 2010, the
50-day SMA for the S&P (NYSEArca: SPY
- News)
dropped below the 200-day SMA. On July 6, the Dow Jones (NYSEArca: DIA
- News)
followed. As of today, the Nasdaq (Nasdaq: QQQQ
- News)
is barely hanging on. This sounds like a doomsday scenario. Does a rigid
analysis show that there is validity to 200-day and 50-day SMA crossover
buy/sell signals? Let's investigate.Crossovers - Lagging but Notable Many argue that
the SMA crossover is a delayed signal that emphasizes past weakness more than
it foreshadows future declines. To an extent, that is true. There are other
warning signals that point to a market turn long before the SMA does. For
example, on April 16, 2010, the ETF Profit Strategy Newsletter noted an
extremely low put/call ratio along with other bullish sentiment extremes. The
newsletter stated that 'the message conveyed by the composite bullishness is
unmistakably bearish. Once prices start to fall and investors get afraid of
incurring losses, the only option is to sell (due to the low put/call ratio).
Selling, results in more selling. This negative feedback loop usually results
in rapidly falling prices.' Prices did fall rapidly. The 22 trading days
following the April 26 high, erased eight months worth of gains. It took a 17%
drop for the SMA crossover to trigger a sell signal. When the ETF Profit
Strategy Newsletter issued a strong buy signal on March 2, 2009, it emphasized
that the developing rally would be a counter trend rally followed by a steep
decline and maintained this viewpoint even though prices kept rallying
relentlessly into the April highs. The SMA crossover now expresses the
possibility that even lower prices are ahead. 200 and
50-day SMA Crossovers - How Accurate? How about the
SMA crossover track record? Over the past 10 years, there have been nine
S&P SMA crossovers with five sell and four buy signals. We have yet to see
the results of the most recent sell signal. However, of the eight previous
signals, six were correct. Average gains following each signal were 14.91%.
$10,000 invested according to the buy/sell recommendations given right after
the first sell signal was triggered on October 30, 2000 at S&P 1,399, would
be worth $24,769 today. More Than just Crossovers If it sounds
too good to be true, it often is. As is the case with so many technical
indicators, crossovers need to be viewed in context with other indicators. In
other words, take a step back and evaluate how crossovers fit into the larger
picture. The larger picture (going back to 2007) reveals that trading volume
associated with market declines has been generally high, while trading volume
seen during rallies has been generally low; a bearish sign. Does
Wednesday's 3.13% Rally Invalidate the Sell Signal? On Wednesday,
the S&P rallied 32 points or 3.13%. The Dow rallied 2.82%, while the Nasdaq
rallied 3.13%. Does this mean the bull market is back on track?Since the
April market top, we've seen about a handful of 2-3% bounces. All associated
gains were erased within a matter of days. Chances are this time will be the
same. In fact, some sort of bounce was to be expected. On July 5, the ETF
Profit Strategy Newsletter stated 'considering that the S&P is butting
against the 100-week SMA, lower accelerations band, 38.2% Fibonacci retracement
levels, round number resistance at 1,000, and weekly s1 at 994, there is a good
chance we will see some sort of a bounce develop from the 990 - 1,015 area.
Weekly r1 at 1,066 and pivot at 1,063 should serve as resistance.' This bounce
is in its later stages right now. What's Next? Let's revisit
the larger picture. Out of the nine leading industry sectors, seven have seen
their 50-day SMA cross below the 200-day SMA - financials (NYSEArca: XLF
- News),
technology (NYSEArca: XLK - News),
consumer staples (NYSEArca: XLP - News),
materials (NYSEArca: XLB - News),
utilities (NYSEArca: XLU - News),
energy (NYSEArca: XLE - News)
and healthcare (NYSEArca: XLV - News).
The consumer discretionary (NYSEArca: XLY
- News)
and industrial sector (NYSEArca: XLI - News)
are the only holdouts. All nine sectors, however, trade below their 200-day
SMA. Fundamentals, sentiment readings and valuations also point south. Some of
the fundamentals we have discussed in these pages are crafty accounting practices
designed to hide huge losses racked up by big financial institutions not yet
realized along with a continually bad unemployment picture. Sentiment
surrounding the April highs recorded extremes not seen since the 2000, 2007,
and even 1987 market top. There are multiple sentiment measures (such as the
VIX, cash allocation, put/call ratio, percentage of bullish/bearish advisors,
mutual fund cash levels, etc.). Each sentiment measure is one piece of
the puzzle. The more pieces of the puzzle you have, the clearer the picture
becomes. Leading up to the April highs, nearly all sentiment indicators peaked,
painting a complete bearish picture. In summary, the bearish picture is
confirmed by technical indicators, a fundamental outlook, sentiment gauges, and
valuations. Based on what the market considered fair market valuations at prior
historic market bottoms, one can conclude how far stocks have to drop to reach
the previously attained level of fair valuations. The ETF Profit Strategy Newsletter
includes a detailed analysis of four valuation metrics with a track record of
accuracy, along with the implied target range for an ultimate market bottom.
This is provided in addition to its short, mid and long-term forecast. When the
market speaks, it behooves investors to listen. Fighting the tape has often
proven to be foolish, as the market will always have the final word.’
A
Market Forecast That Says ‘Take Cover’ New York Times
| We have entered a market decline of staggering proportions — perhaps the
biggest of the last 300 years.
Commercial Real Estate Loans Extend
and Pretend ‘…Courtesy of Thomson / Reuters
Commercial Real Estate Loans – Extend and Pretend Community banks have commercial real estate
loans where the borrower cannot make scheduled interest and principle payments.
More than 50% of all FDIC-insured institutions have loan pipelines that are 80%
to 100% funded. This is a measure of how banks are stuck with noncurrent
assets, but they are not classified that way. Instead, community banks are
giving borrowers more time to make their payments on the theory that it’s better to collect zero on some loans rather than
owning the real estate that collateralizes those loans. This concept is dubbed
“extend and pretend” hoping that the borrower will
eventual pay the loan back. Banks in this practice are known as “Zombie Banks” as
they can’t
lend, can’t lure in new investors, and wait for the FDIC to knock
on their doors on Friday afternoon. This strategy includes stretching out loan
maturities and allowing below-market interest rates to slow the number of
defaults and preserving the capital of banks that would be expended if property
had to become “Other Real Estate Owned.” As a result “Loans 30 to 89 Days in Arrears” and “Noncurrent”
loans are not growing as fast as they should be. The net result of these
practices masks the true toxicity of the Commercial Real Estate market. It’s not just the small banks that
are employing “extend and pretend”
tactics. I read that the Bank of America (BAC) has extended a large real estate loan in
Buckhead, Georgia the high-class area north of Atlanta. The loan finances the
development of a high-end shopping and residential project in 2007 and now
three years later the cranes are silent and the project is fenced in. The
banking regulators are helping the banks by allowing the lenders several ways
to restructure loans. While doing so the banks are allowed to keep these loans
as “performing” even with collateral values below the loan
amounts. Extend and pretend is also known as kicking the can down the road. It
seems to me that we have wasted billions if not trillions in stimulus money and
bank bailouts when this money could have been used to actually fund the
completion of these projects. Such a plan would have cost tax payers much less
and would have kept Americans working on Main Street USA, as finishing
incompleted real estate projects are clearly “shovel ready” projects.
According to Foresight Analytics banks hold $176 billion of CRE loans that
could be declared toxic. This is the tip of the iceberg as the FDIC Quarterly
Banking Profile shows $1.09 trillion in nonfarm nonresidential real estate
loans and $418 billion in Construction & Development loans on the books of
our nation’s banks. About two-thirds of
the CRE loans are maturing between now and 2014, and are underwater. Commercial
real estate property values are down 42% from the October 2007 peak. At the end
of the first quarter 9.1% are delinquent up from 7% a year earlier. Bankers
justify “extend and pretend” saying
that it’s better than calling the loan and dumping more property
on a depressed market. We need a stronger economy to entice new investors to
resurrect projects and to find new demand for competed offices, hotels, condos
etc which are the finished products of completed CRE projects. Without a strong
economic recovery these loans will eventually have to be written off down the
road. The problem is that while these loans are on hold banks can’t justify new
loans, which would be the engine of economic growth. And the beat goes on. Disclosure:
No positions’
Light Volume Temptations: Dave's Daily ‘Volume still matters, doesn't it?
It seems not as the financial media ignores our light volume market in favor of
writing bullish headlines. With hedge funds mostly sidelined according to
reports posted here yesterday, the primary buyers must be trading desks on Wall
Street and a handful of algo traders. It's tempting to come off the sidelines
and join the fun but perhaps it's just the trap they're laying for you. A
headline at Reuters read this afternoon: "Weaker Economic Views Equals
Stronger 3-Year Note Sale". So, if equity markets are forward-looking one
must wonder what these few buyers are seeing beyond a short-term trade.
Headline writers say its strong earnings growth that will prop markets coupled
with rosy outlooks. That would have to be the case otherwise this is just a
sucker's rally. As stated, volume was holiday-like light (40% below average)
making it really easy for the machines to take over trading, and so they did
... ‘
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)…
NY
Times’ Krugman: We Are Entering The Third Depression Recessions are
common; depressions are rare. [Correction: we’re already in a depression].
JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST...
Rate
dips as 652,000 give up search...
Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].
Ron
Paul: 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198 Ron
Paul’s attempt to audit the Federal Reserve, which was previously co-sponsored
by 320 members of the House (HR 1207), failed by a vote of 229-198. All
Republicans voted in favor of the measure with 23 Democrats crossing the aisle
to vote with Republicans. 122 co-sponsors of HR 1207, all Democrats, jumped
ship and voted against the measure. The Future of Audit the
Fed Congressman Ron Paul discusses the latest in the efforts to get a
full and complete audit of the Fed as well as the future of Fed transparency.
Like Congressman Paul says, we’ve accomplished a lot of good with our movement,
and there’s many reasons to be optimistic for the
future. Ditch
the Buck! Dollar demise ‘a matter of months’ A report by the United
Nations says the American dollar should be ditched as the main global reserve
currency. It said that the global financial meltdown has exposed systematic
weaknesses, one of which is the reliance on the
greenback. G-20
is Relying on China To Drive the World Economy … But China Isn’t Looking So Hot
The G-20 is apparently relying on China to drive the world economy.
Middle
class families face a triple whammy Edmund Conway |
Falling pensions, cuts and the banking crisis will impoverish many families.
One of those … Daaaaah!
Moments … Panetta says Afghan progress slower than
expected Los Angeles Times -
Days after President Obama installed a new US military commander in
Afghanistan, CIA Director Leon E. Panetta conceded Sunday that progress in the
war has been "harder" and "slower than I think ...
Panetta says Afghan insurgents show no real interest in
reconciliation talks Washington Post
CIA Retains Controversial Security Firm in Afghanistan Wall Street Journal CIA:
AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ...
GOP chairman: Afghan 'war of Obama's choosing' (AP) -
Republican chairman Michael Steele drew criticism from within his own party
Friday, including calls to resign, after saying the 9-year-old commitment of
U.S. troops to Afghanistan was a mistaken ... [Steele is quite right and wobama
and war facilitators deserve criticism; not
Steele.] Pelosi:
Unemployment Checks Fastest Way to Create Jobs “It
creates jobs faster than almost any other initiative you can name.” [pelosi’s
so ‘in over her head’, burnt out,
borderline senile, etc.] Seventy
million expired flu vaccines about to be incinerated as waste [government
/ corporate welfare / fraud] Forty million doses of H1N1 swine flu vaccine are
about to go up in flames, and another 30 million will soon meet the same fate.
They’ve expired, you see, and despite
the CDC’s best efforts to push flu vaccines on the american people, the
industry still couldn’t find a way to offload seventy million doses of a
vaccine that doesn’t even work.
Israel
Suspected in Bogus Claim Iran Developing Nuclear Trigger Kurt
Nimmo | The bogus claim prompted a new round of support for more
aggressive U.S. and European sanctions against
Iran. Ron
Paul: Audit The Fed Bill Fails After Former Co-Sponsors Flip-Flop | Ron
Paul’s attempt to audit the Federal Reserve failed, after more than 100 former
co-sponsors of the bill jumped ship and voted against the
measure. Dollar
Plunges After UN Call To Ditch Greenback | U.S. economy enters “total
freefall”.
50 Random Facts That Make You Wonder What In The World
Has Happened To America - The Economic Collapse July 2,
2010 Our world is changing at a pace that is so staggering these days that it
can be really hard to fully grasp the significance of what we are
witnessing. Hopefully the collection of random facts below will help you
to “connect the dots” just a little bit. On one level, the facts below
may not seem related. However, what they all do have in common is that
they show just how much the United States has fundamentally changed. Do
you ever just sit back and wonder what in the world has happened to America?
The truth is that the America that so many of us once loved so much has been
shattered into a thousand pieces. The “land
of the free and the home of the brave” has been transformed into a socialized
Big Brother nanny state that is oozing with corruption and has accumulated
the biggest mountain of debt in the history of the world. The greatest
economic machine that the world has ever seen is falling apart before our very
eyes, and even when our politicians actually try to do something right (which
is quite rare) the end result is still a bunch of garbage. For those
who still love this land (and there are a lot of us) it is heartbreaking to
watch America slowly die.
The following are 50 random facts that show
just how dramatically america has changed….
#50) A new report released by the United
Nations is publicly calling for the establishment of a world
currency and none of the major news networks are even
covering it.
#49) Arnold Schwarzenegger has ordered California
State Controller John Chiang to reduce state worker pay for July to the federal
minimum allowed by law — $7.25 an hour for most
state workers.
#48) A police officer in Oklahoma recently tasered an 86-year-old disabled grandma in her bed
and stepped on her oxygen hose until she couldn’t breathe because they
considered her to be a “threat”.
#47) In early 2009, U.S. net national savings as a
percentage of GDP went negative for the first time since 1952,
and it has continued its downward trend since then.
#46) Corexit 9500 is so incredibly toxic that the
UK’s Marine Management Organization has completely banned it, so if there
was a major oil spill in the North Sea, BP would not be able to use it.
And yet BP has dumped over a million gallons of dispersants such as Corexit
9500 into the Gulf of Mexico.
#45) For the first time in U.S. history, more than 40 million Americans are on food stamps,
and the U.S. Department of Agriculture projects that number will go up to 43
million Americans in 2011.
#44) It has come out that one employee used a Federal
Emergency Management Agency credit card to buy $4,318 in “Happy
Birthday” gift cards. Two
other FEMA officials charged the cost of 360 golf umbrellas ($9,000) to the
taxpayers.
#43) Researchers at the State University of New York at
Buffalo received $389,000 from the U.S. government to pay
100 residents of Buffalo $45 each to record how much malt liquor they drink and how much
pot they smoke each day.
#42) The average duration of unemployment in the United States
has risen to an all-time high.
#41) The bottom 40 percent of all income earners in
the United States now collectively own less than 1 percent of the nation’s
wealth.
#40) In the U.S., the average federal worker now earns about twice as much as the average
worker in the private sector.
#39) Back in 1950 each retiree’s Social Security benefit
was paid for by 16 workers. Today, each retiree’s Social
Security benefit is paid for by approximately 3.3 workers.
By 2025 it is projected that there will be approximately two workers
for each retiree.
#38) According to a U.S. Treasury Department report to
Congress, the U.S. national debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015.
#37) The federal government actually has the gall to ask for online
donations that will supposedly go towards paying off the national
debt.
#36) The Cactus Bug Project at the University Of
Florida was allocated $325,394 in economic stimulus funds to study the mating decisions of cactus bugs.
#35) A dinner cruise company in Chicago got nearly $1
million in economic stimulus funds to combat terrorism.
#34) It is being reported that a 6-year-old girl from Ohio is
on the “no fly” list maintained by U.S. Homeland Security.
#33) During the first quarter of 2010, the total number of
loans that are at least three months past due in the United States increased for the 16th consecutive quarter.
#32) According to a new report, Americans spend twice as much as residents of other
developed countries on healthcare, but get lower quality and far less
efficiency.
#31) Some experts are warning that the cost of bailing
out Fannie Mae and Freddie Mac could reach as high as $1
trillion.
#30) The FDA has announced that the offspring of cloned animals could be in our food
supply right now and that there is nothing that they can do about
it.
#29) In May, sales of new homes in the United States dropped to the lowest level ever
recorded.
#28) In 1950, the ratio of the average executive’s paycheck to
the average worker’s paycheck was about 30 to 1. Since the year 2000,
that ratio has ranged between 300 to 500 to one.
#27) Federal border officials recently said that Mexican
drug cartels have not only set up shop on American soil, they are
actually maintaining lookout bases in
strategic locations in the hills of southern Arizona.
#26) The U.S. government has declared some parts
of Arizona off limits to U.S. citizens because of
the threat of violence from Mexican drug smugglers.
#25) According to the credit card repayment calculator, if you
owe $6000 on a credit card with a 20 percent interest rate and only pay the
minimum payment each time, it will take you 54 years to pay off that credit
card. During those 54 years you will pay $26,168 in interest
rate charges in addition to the $6000 in principal that you are required to pay
back.
#24) According to prepared testimony by Goldman Sachs Chief
Operating Officer Gary Cohn, Goldman Sachs shorted roughly $615 million of
the collateralized debt obligations and residential mortgage-backed securities
the firm underwrote since late 2006.
#23) The six biggest banks in the United States now
possess assets equivalent to 60 percent of America’s gross national product.
#22) Four of the biggest U.S. banks (Goldman Sachs, JPMorgan
Chase, Bank of America and Citigroup) had a “perfect
quarter” with zero days of trading losses during the
first quarter of 2010.
#21) 1.41 million Americans filed for personal bankruptcy in
2009 – a 32 percent increase over 2008.
#20) BP has hired private security contractors
to keep the American people away from oil cleanup sites and nobody
seems to care.
#19) Barack Obama is calling for a “civilian expeditionary force”
to be sent to Afghanistan and Iraq to help overburdened military troops build
infrastructure.
#18) On June 18th, two Christians decided that they would
peacefully pass out copies of the gospel of John on a public sidewalk
outside a public Arab festival in Dearborn, Michigan and within 3 minutes
8 policemen surrounded them and placed them under arrest.
#17) It is being reported that sales of foreclosed homes in
Florida made up nearly 40 percent of all
home purchases in the first part of this year.
#16) During a recent interview with Larry King,
former first lady Laura Bush revealed to the world that she is actually in
favor of legalized gay marriage and a woman’s “right” to abortion.
#15) Scientists at Columbia University are warning that the
dose of radiation from the new full body security scanners going into airports
all over the United States could be up to 20 times higher
than originally estimated.
#14) 43 percent of Americans have less than $10,000
saved for retirement.
#13) The FDIC’s deposit insurance fund now has negative 20.7 billion dollars in it,
which represents a slight improvement from the end of 2009.
#12) The judge that BP is pushing for to hear an
estimated 200 lawsuits on the Gulf of Mexico oil disaster gets tens of thousands of dollars a
year in oil royalties and is paid travel expenses to industry
conferences.
#11) In recent years the U.S. government has spent $2.6
million tax dollars to study the drinking habits of Chinese prostitutes and
$400,000 tax dollars to pay researchers to cruise six bars in Buenos
Aires, Argentina to find out why gay men engage in risky sexual behavior
when drunk.
#10) U.S. officials say that more than three billion
dollars in cash (much of it aid money paid for by U.S. taxpayers)
has been stolen by corrupt officials in Afghanistan and flown out of Kabul
International Airport in recent years.
#9) According to a report by the U.S. Department of
Transportation’s Bureau of Transportation Statistics, the baggage check fees
collected by U.S. airlines shot up 33% in the first
quarter of 2010 to $769 million.
#8) Three California high school students are fighting for
their right to show their American patriotism - even on a Mexican
holiday - after they were forced to remove
their American flag T-shirts on Cinco de Mayo.
#7) Right now, interest on the U.S. national debt and spending
on entitlement programs like Social Security and Medicare are somewhere in
the neighborhood of 10 to 15 percent of GDP. By 2080, they are
projected to eat up approximately 50 percent of GDP.
#6) The total of all government, corporate and consumer
debt in the United States is now about 360 percent of GDP.
#5) A 6-year-old girl was recently handcuffed and sent to
a mental facility after throwing temper tantrums at her
elementary school.
#4) In Florida, students have been arrested by police for things as
simple as bringing a plastic butter knife to school, throwing an eraser,
and drawing a picture of a gun.
#3) School officials in one town in Massachusetts are
refusing to allow students to recite the Pledge of Allegiance.
#2) According to one new study, approximately 21 percent
of children in the United States are living below the poverty line in 2010.
#1) Since 1973, more than 50 million babies have been
murdered in abortion facilities across the United States.
Fed
Made Taxpayers Unwitting Junk-Bond Buyers Bloomberg
| So-called assets included collateralized debt obligations and mortgage-backed
bonds. Dollar
Plunges After UN Call To Ditch Greenback The dollar plunged today following
a United Nations report which called for the greenback to be replaced as the
global reserve currency by the International Monetary Fund’s special drawing rights
(SDRs). National
debt soars to highest level since WWII The federal debt will
represent 62% of the nation’s economy
by the end of this year. Dollar
should be replaced as international standard, U.N. report says CNN
| The dollar is an unreliable international currency and should be replaced by
a more stable system, the United Nations Department of Economic and Social
Affairs said. Double
Dip Picking Up: Jobless Claims Spike To 472,000, On Expectations Of 455,000 Jobless
claims were a disaster, coming in at 472k, on expectations of 455k. Prior was
revised, surprise, surprise, higher to 459k from 457k. What is scariest is that
between extended benefits and EUC, now that Congress has turned off the
perpetual insurance spigot for the unemployed, dropped by -158,155 and
-217,513.‘Jobless
Recovery’ Myth as Banksters RAPE and ENSLAVE the Public! GET OFF YOUR KNEES! We’re told that this will be a ‘jobless recovery’ with further job losses expected before things get
better. Well, if you believe that nonsense I’ve got a fantastic sundrenched beach on the growing ice packs of
Antarctica to sell you. How on earth can there be anything called a jobless
recovery? The simple answer is that there can’t! Study:
US media redefined torture after US started practicing it The US news
media radically changed how it reported on the issue of waterboarding after it
emerged that US forces had used the practice, says a new study from Harvard
University. The
Toronto G20 Riot Fraud: Undercover Police engaged in Purposeful Provocation Toronto
is right now in the midst of a massive government / media propaganda fraud. As
events unfold, it is becoming increasingly clear that the ‘Black Bloc’ are undercover police operatives engaged in
purposeful provocations to eclipse and invalidate legitimate G20 citizen protest
by starting a riot. Government agents have been caught doing this before in
Canada.
Obama
Calls for Pentagon “Civilian Component” [Wow!
Sounds like a plan … riiiiight!] Kurt
Nimmo | Obama wants to send civilians to the occupation zones in Iraq
and Afghanistan.
Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST...
Rate
dips as 652,000 give up search...
Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].
New
jobless claims rise [again]...
'Surprise'...
Pending
home sales plunge record 30%...
Weak economic
data suggest 'recovery' fizzling...
Fears
mount over slowing global demand...
UN
committee calls for dumping US dollar...
Six Months
to Go Until the Largest Tax Hikes in History...
SIX MONTHS TO GO UNTIL
THE LARGEST TAX HIKES IN HISTORY
From Ryan Ellis on Thursday, July 1, 2010 4:15 PM
Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVN5aBH3
In just six months, the largest tax hikes in the history of America
will take effect. They will hit families and small businesses in three great
waves on January 1, 2011:
First Wave: Expiration of 2001 and 2003 Tax Relief
In 2001 and 2003, the GOP Congress enacted several tax cuts for investors,
small business owners, and families. These will all expire on January 1,
2011:
Personal income tax rates will rise. The top income tax
rate will rise from 35 to 39.6 percent (this is also the rate at which
two-thirds of small business profits are taxed). The lowest rate will
rise from 10 to 15 percent. All the rates in between will also
rise. Itemized deductions and personal exemptions will again phase out,
which has the same mathematical effect as higher marginal tax rates. The
full list of marginal rate hikes is below:
- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%
Higher taxes on marriage and family. The “marriage
penalty” (narrower tax brackets for married couples) will return from the first
dollar of income. The child tax credit will be cut in half from $1000 to
$500 per child. The standard deduction will no longer be doubled for
married couples relative to the single level. The dependent care and
adoption tax credits will be cut.
The return of the Death Tax. This year, there is no
death tax. For those dying on or after January 1 2011, there is a 55
percent top death tax rate on estates over $1 million. A person leaving
behind two homes and a retirement account could easily pass along a death tax
bill to their loved ones.
Higher tax rates on savers and investors. The capital
gains tax will rise from 15 percent this year to 20 percent in 2011. The
dividends tax will rise from 15 percent this year to 39.6 percent in
2011. These rates will rise another 3.8 percent in 2013.
Second Wave: Obamacare
There are over twenty new or higher taxes in Obamacare.
Several will first go into effect on January 1, 2011. They include:
The “Medicine Cabinet Tax” Thanks to Obamacare,
Americans will no longer be able to use health savings account (HSA), flexible
spending account (FSA), or health reimbursement (HRA) pre-tax dollars to
purchase non-prescription, over-the-counter medicines (except insulin).
The “Special Needs Kids Tax” This provision of Obamacare
imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there
is no federal government limit). There is one group of FSA owners for
whom this new cap will be particularly cruel and onerous: parents of special
needs children. There are thousands of families with special needs
children in the United States, and many of them use FSAs to pay for special
needs education. Tuition rates at one leading school that teaches special
needs children in Washington, D.C. (National Child Research Center) can easily
exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay
for this type of special needs education.
The HSA Withdrawal Tax Hike. This provision of Obamacare
increases the additional tax on non-medical early withdrawals from an HSA from
10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged
accounts, which remain at 10 percent.
Third Wave: The Alternative Minimum Tax and Employer Tax Hikes
When Americans prepare to file their tax returns in January of 2011, they’ll be
in for a nasty surprise—the AMT won’t be held harmless, and many tax relief
provisions will have expired. The major items include:
The AMT will ensnare over 28 million families, up from 4 million last
year. According to the left-leaning Tax Policy Center, Congress’ failure to index
the AMT will lead to an explosion of AMT taxpaying families—rising from 4
million last year to 28.5 million. These families will have to calculate
their tax burdens twice, and pay taxes at the higher level. The AMT was
created in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will
disappear. Small businesses can normally expense (rather than
slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This
will be cut all the way down to $25,000. Larger businesses can expense
half of their purchases of equipment. In January of 2011, all of it will
have to be “depreciated.”
Taxes will be raised on all types of businesses. There
are literally scores of tax hikes on business that will take place. The
biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining
high marginal tax rates with the loss of this tax relief will cost jobs.
Tax Benefits for Education and Teaching Reduced. The
deduction for tuition and fees will not be available. Tax credits for
education will be limited. Teachers will no longer be able to deduct
classroom expenses. Coverdell Education Savings Accounts will be
cut. Employer-provided educational assistance is curtailed. The
student loan interest deduction will be disallowed for hundreds of thousands of
families.
Charitable Contributions from IRAs no longer allowed.
Under current law, a retired person with an IRA can contribute up to $100,000
per year directly to a charity from their IRA. This contribution also
counts toward an annual “required minimum distribution.” This ability
will no longer be there.
Read more: http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVMwYIhK
Investors get more gloomy & bearish We just had a very
difficult three month stretch for stocks. The S&P 500 fell 12% for
the quarter as did NASDAQ. The Shanghai Composite, China’s largest stock index, fell 22.9 in its local
currency, the yuan. The MSCI EAFE Index (foreign stocks) was down 14%.
Given the negative news, it is not surprising that investors are becoming more
bearish on stocks. This chart from Bespoke is based on the weekly Investors
Intelligence survey, which is getting close to levels from a year
ago. This is not close the peak we reached in early 2009, but the mood is
definitely more negative now: [chart]
Double Dip on the Way There were many events contributing to yesterday’s sell-off, and the
most likely culprits around the globe included more protests in Greece,
continued to concerns about Europe at large, and a downward revision (due to a
calculation error) of a leading economic indicator reading in China for the
month of April. But when it comes down to it, our own economy has yet to stand
on solid ground. While the recovery has continued to be shaky at best, recent
economic readings may be pointing to a double dip recession. Yesterday’s batch
of economic data seemed to be confirming that, as it brought a very dismal
reading on consumer confidence. June’s number stood at 52.9, far below
expectations of 62.5, and pointing to the consumers’ weariness about the job
market, and economic recovery in general. To go further, the previous reading
for May was revised downward, to 62.7 from 63.3. But the drop from May to June
really sends the message home: we’re not out of the woods yet. Earlier in the
week, we saw personal savings rates rise again, even while personal income
growth was meager. Americans, despite bringing home a little more cash,
continued to save more for the expected rainy days, and have yet to return to
their spendthrift ways. After yesterday’s precipitous selling, one would expect
to see a bit of a bounce in today’s trading session. That wasn’t the case,
however, as more weak data continued to dampen economic hopes. Today’s culprit
was the ADP private sector job report. The report stated that private payroll
gains were muted in June, with only 13,000 jobs added – far less than the
60,000 expected by economists. While May’s reading was revised slightly upwards
(to 57,000 hires from previously reported 55,000), today’s release does not
bode well for the much anticipated report from the Bureau of Labor Statistics
due out on Friday. The non-farms payroll survey includes government workers and
has been inflated in recent months due to hiring for the 2010 Census … [chart]
…The June report, however, will reflect many of those workers being laid off in
the past month. In May, 431,000 jobs were added, but without support from
temporary government hires, economists are predicting job losses in June. Last week,
consensus estimates were for a loss of 70,000 jobs for the month. By yesterday,
those estimates were downgraded further, to 110,000. With the help of today’s
ADP report, expectations have continued to fall: economists now expect a
reading of negative 125,000 …
Barron's: Why the Market Will Keep Sliding Perry D- Barron's has a nice summary of what the future may hold in its
"Up and Down Wall Street." It summarizes as well as anything I've
read recently where we're likely headed. Bugging the (stock) market is the
increasingly obvious disparity between what the Street's incorrigible
cheerleaders see and prophesy and what's actually happening in the real
world...The double dip in housing may or may not be a template of what's in
store for the economy as a whole. But at the very least, it is a precursor of
other serious disappointments destined to feed the unease among the jittery
populace, which most emphatically includes investors.
It cites the predictions of SDK Captial's Dee Kessler:
--the massive
fiscal and monetary stimulus so liberally applied in 2008-2009 is starting to
run out of steam, with financial conditions tightening and leading economic
indicators pointing to a stretch of "anemic activity."
--"structural
headwinds," such as public and private deleveraging, higher taxes, greater
regulation and trade tensions.
--the
well-publicized woes of the European bloc, which accounts for 20% of the
world's GDP, as further evidence that the global economy, as he puts it, is
downshifting.
--The period of
easy comparisons in corporate results, he says, is coming to a close,
--"Although
the fundamentals in the U.S., Europe and Japan are worse," Dee spots
plenty of downside in emerging markets and doesn't fancy the notion of
decoupling.
--Come another
financial crisis, "the only policy response left will be to print
money." Which, of course, is what the gold bugs are counting on and why
bullion has glistened so brightly.
That about sums
up the outlook. The nice insight here is that anxiety over future economic
malaise -- and the additional money printing that'll be done to mask it --
might be a bigger factor than current inflationary pressure behind the surge in
gold prices.
In other words,
for the deflation-believers: deflation today? Perhaps. But big-time inflation
tomorrow.
Disclosure: No positions
NY
Times’ Krugman: We Are Entering The Third Depression Recessions are
common; depressions are rare. [Correction: we’re already in a depression].
Stocks: Once More Up, Then the Big Down Smith -The ingredients
for a classic head and shoulders topping pattern in the stock market are all
present. That suggests one more rise and then a massive grinding move down to
2009 lows. Officially, of course, everything's peachy with the economy.
Europe is fixed, China is booming, consumer confidence is rising, and we are
encouraged to resume our borrow and spend ways as the economy will not
"double-dip" into recession. The economy will not slide into another
recession, we are reassured constantly, even though roughly 80% of Americans
don't think we ever left the recessionary quicksand. Please see "Two
Scoop Special": Double-Dip Recession Guaranteed (May 21, 2010) for
more … Exactly what drivers are there for future gains in corporate profits? I
can't think of any, short of Martians landing and going on a shopping spree
with gold they manufacture in their spacecraft. On the negative side, we have:
1. The rising dollar is a huge headwind to sales in the
eurozone and elsewhere.
2. The low-hanging fruit of pushing the workforce to produce more output for
the same salary/wages have all been picked.
3. The inventory build-out is done for everything but the iPhone 4 and iPad.
4. So-called "fiscal austerity" (when did living within one's means
become some sort of brutual "austerity"? Talk abour propaganda!) in
the eurozone and U.S. states will remove tens of billions of dollars from
corporate sales.
5. Global overcapacity is alive and well. There is overcapacity in everything
manufactured except the iPhone 4, and that will be in glut by 2011 as well.
6. Uncle Sam is not distributing trillions of dollars quite as freely. There
seems to be some glimmer of awareness that there could be consequences of squandering
trillions of borrowed dollars on essentially worthless projects such as
occupying Iraq, inflating the housing market by socializing the entire mortgage
market, propping up Fannie Mae, Freddie Mac and FHA, etc.
7. Housing is rolling over now that the socialized mortgage market has been
tentatively allowed to go off life-support (it is wheezing and turning blue in
the face, not signs of vibrant health).
8. There is no pricing power anywhere once stimulus-goosed demand declines to
organic demand (flat to down) …
Inflation, Deflation or Hyperinflation? (Part 2) (There are
charts, but no matter what the scenario posited, this time the territory’s
uncharted, and the debacle / crisis like no other owing to the advent of
computerization will have enabled an obfuscating tool of unprecedented
proportion [worthless paper, huge frauds as already extant], and a two-edged
sword in the most negative sense prospectively)
GREECE
UNDER NEWS BLACKOUT: Here’s How An Eyewitness Describes Today’s Riots There
are reports this morning of violent protests/riots in Greece, once again.
Here’s how a source on the ground describes the
situation. Target
Tehran? Israel, US ‘prepare to attack Iran’ Reports are circulating
that the U.S is amassing a greater military presence in the Middle East. The
alleged build up is also rumoured to involve the Israeli use of Saudi Arabian
air space. It’s thought by some to be in preparation for an attack on
Iran. Kucinich:
‘We are losing our nation to lies about the necessity of war’ In
Afghanistan, corruption is rife. It is so abundant, in fact, that a senior US
lawmaker declared on Monday that she’d be freezing $3.9 billion in Afghan aid
dollars until the situation is addressed. Turkey
bans Israeli military flight from its airspace as freeze deepens Turkey
has banned an Israeli military flight from its airspace in apparent retaliation
for Israel’s interception of the Free Gaza flotilla last month, in which nine
pro-Palestinian Turkish activists were killed.
Iran nuclear scientist Shahram Amiri
'flees US captors' BBC News - A man who says he is an Iranian nuclear
scientist claims to have escaped after being abducted by US agents. In a video shown
on Iranian state TV, he says he has escaped in the US state of Virginia and is
now on the run. Missing
Iran scientist says he escaped US agents: report Reuters
Turkey Asks Iran to Return to Table Wall
Street Journal
Momentum Book Update: The Market Is a Mess and the Long Bond Is
About to Break Out … Not only do us swing traders have to fight the urge
to chase price action up, but lay off the keyboard trying to catch falling
knives in the relative strength stocks which are holding up. If you tried to
buy support in your favorite names this week, you got your hands cut up. I’ll continue to rely on the understanding of my own
emotions as they have served me well. When we opened higher on Monday morning I
knew I was in the right place, cash, as the market was just way overbought. If
you bought most relative strength names last week, by the end of this week you
were well underwater. So where do we go from here? I’ve got no clue, the market is a mess, the charts are a mess, and the
long bond is about to break out. If that happens all bets are off, we could see
an “event”. If the smart money is lining up at the exits and moving into
bonds, there’s a good chance they see
something coming down the pipe …
SUITING UP FOR A POST-DOLLAR WORLD John Browne ‘The
global financial crisis is playing out like a slow-moving, highly predicable
stage play. In the current scene, Western governments are caught between the
demands of entitled welfare beneficiaries and the anxiety of bondholders who
fear they will be stuck with the bill. As the crisis reaches an apex, prime
ministers and presidents are forced into a Sophie's choice between social
unrest and bankruptcy. But with the "Club Med" economies set to fall
like dominoes, the US Treasury market is not yet acting the role we would have
anticipated. … The newspapers are now riddled with hints that foreign
governments have lost faith in Washington and the dollar reserve system. It
seems to me only natural that after a century of war, inflation, and socialism,
the next hundred years would belong to those people who hold the timeless
values of hard money and fiscal prudence. Unfortunately, our policymakers are
not those people.’
China's
Hu Jintao Says Group of 20 Must Coordinate to Consolidate Recovery Bloomberg … How about the G195
countries in the world collectively be considered in this task of
coordination owing to the abject failure of the so-called G20 which have in
lockstep coordination precipitated this global crisis including the war
mongering, war criminal acts of the so-called nato allies et als, particularly
the u.s., and as well the likes of war criminal nation israel which have never
avoided a contra-indicated, anti-recovery war / conflict they could contrive /
rationalize. The so-called G7, 8, 9, 20, etc., are a pathetic bunch of
incompetent vegetables / jokers / showmen / clowns.
One of those … Daaaaah!
Moments … Panetta says Afghan progress slower than
expected Los Angeles Times -
Days after President Obama installed a new US military commander in
Afghanistan, CIA Director Leon E. Panetta conceded Sunday that progress in the
war has been "harder" and "slower than I think ...
Panetta says Afghan insurgents show no real interest in
reconciliation talks Washington Post
CIA Retains Controversial Security Firm in Afghanistan Wall Street Journal CIA:
AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ...
New
York Times reporter calls Zionist terrorism ‘romantic’ A little-noticed
comment in a New York Times interview with Israeli opposition leader Tzipi
Livni has critics arguing that it shows the media has a “double standard” when
it comes to terrorism.
States
of Crisis for 46 Governments Facing Greek-Style Deficits Californians don’t
see much evidence that the worst economic contraction since the Great
Depression is coming to an end. Unemployment was 12.4 percent in May, 2.7
percentage points higher than the national
rate. Evans-Pritchard
Announces Fed Contemplating $5 Trillion QE Expansion In his latest column,
the Daily Telegraph’s A. Evans-Pritchard does a good job of recapping all the
various reasons why Bernanke has now completely cornered himself, and facing a
newly collapsing economy, is left with just one recourse: the printing of more,
more, more paper. History
Tells US The Euro Will Not Survive, Greece Will Get Worse, And There Will Be A
Trade Shock With the PBoC’s currency announcement last Saturday and
the surge (!) in the value of RMB on Monday (all very kindly timed to add zest
to my meetings this week in Boston, New York, and Washington), you would assume
that today’s entry would be all about the RMB and the effect of the PBoC
announcement.
The following is really the
quintessential question and issue, particularly in light of america’s defacto
bankruptcy and international law; but paramount humanitarian concerns alone
would militate against america’s current misguided course. Is Petraeus McChrystal’s Replacement or Obama’s? Paul
Craig Roberts | All of this drama is playing out despite the
continuing lack of any valid reason for the american invasions of Iraq and
Afghanistan.
Obama
Can Shut Down Internet For 4 Months Under New Emergency Powers President
Obama will be handed the power to shut down the Internet for at least four
months without Congressional oversight if the Senate votes for the infamous
Internet ‘kill switch’ bill, which was approved by a key Senate committee
yesterday Congressman
Rohrabacher: Almost All House Republicans Think Iraq War Illegal, Immoral Andrew
Napolitano’s new Saturday show on the Fox Business Network is set to send shock
waves through the political establishment this weekend when his guest –
Republican Congressman Dana Rohrabacher – reveals that almost all House
Republicans now believe that the invasion of Iraq was not only a mistake, but
also illegal and immoral. New
Financial Overhaul Gives Government Broad New Powers To Seize Financial Firms The
government would have broad new powers to seize and wind down large, failing
financial firms and to oversee the $600 trillion derivatives
market. Israeli
Leaders Sued in Belgium for War Crimes
U.N. confirms rise in violence in Afghanistan
Obama
Can Shut Down Internet For 4 Months Under New Emergency Powers Food
& Depopulation: Scams and Solutions Cassandra Anderson
| Beware of all NGOs and so-called “non-profit”
organizations. Congress
Votes to Impose Embargo On Iran Infowars.com |
Congress believes more punitive measures are required in order to punish the
Islamic state. G20:
Activists Arrested, Denied Entry into Canada Kurt Nimmo
| Charlie Veitch of The Love Police arrested, Luke Rudkowski and fellow
activists denied entry in New York.
Israeli
Leaders Sued in Belgium for War Crimes Former Prime Minister Ehud
Olmert, Israeli opposition leader Tzipi Livni and Defense Minister Ehud Barak
were among those charged with war crimes committed during the Gaza war in the
winter of 2008-09, the French daily Le Monde
reported. Congress
OKs sanctions on Iran’s energy, banks Congress on Thursday approved
tough new unilateral sanctions aimed at squeezing Iran’s
energy and banking sectors, which could also hurt companies from other
countries doing business with Tehran.
Cybersecurity
Measures Will Mandate Government “ID Tokens” To Use The Internet The
move to shut down and regulate the Internet, the only source of uncensored news
and truth, under a new government-controlled system has accelerated into high
gear with the announcement that the government’s cybersecurity strategy
revolves around issuing Internet users with ID “tokens” without which they will
not be able to visit websites, the latest salvo against web freedom which, in
combination with Senator Joe Lieberman’s ‘kill switch’ bill, will serve to
eviscerate the free Internet as we know it.
Turkey, the World Leader of Nations, bans israeli military
flight from its airspace as freeze deepens The Guardian -Turkey has banned an israeli military flight
from its airspace in apparent retaliation for Israel's interception of the Free
Gaza flotilla last month, in which nine pro-Palestinian Turkish activists were
killed. Turkey restricts israeli use of airspace CNN
International Turkey bars israeli planes ABC Online
netanayahu rules out apology to Turkey over deadly raid (AFP)
G-8
‘fully believes’ Israel will attack Iran, says Italy PM Haaretz | World
leaders “believe absolutely” that Israel may decide to take military action
against Iran.
Britain
will not defeat Taliban and should open talks, says head of Army London
Telegraph | Britain and its allies will not defeat the Taliban with military
force and should soon open peace talks with insurgents in Afghanistan, the head
of the Army said yesterday.
3 SIGNS OF A SUCKER RALLY AFTER
EXAMINING TECHNICAL EVIDENCE, SENTIMENT INDICATORS AND VARIOUS VALUATION
METRICS, IT BECOMES OBVIOUS THAT THE RECENT BOUNCE PROVIDES A SELLING, NOT
BUYING OPPORTUNITY ...’
Russell:
This Is One Of The Largest Tops In Stock Market History Richard Russell has grown very vocally bearish in recent
months. Earlier this year, Russell warned that the stock market was once again
becoming grossly overvalued despite its relentless new highs. Pragmatic Capitalism June 24, 2010 Richard
Russell has grown very vocally bearish in recent months. Earlier this year, Russell warned that the stock market
was once again becoming grossly overvalued despite its relentless
new highs. He has maintained that the bear market never ended and that
the world is far too indebted to exit the bear market. He also believes
the bear will not end until all fiat currencies have failed. Although I
disagree with him on many aspects of the micro I agree with his larger macro
outlook. This bear market is not over. The secular bear market
lives on. Mr. Russell thinks we might be on the verge of a terrible
collapse:
“We’re now in the process of
building one of the largest tops in stock market history. The result, I think,
will be the most disastrous bear market since the ‘30s, and maybe worse.
Question: “What
could possibly be behind such a bear market?” you ask. “The stock market is
stirring up optimism on a weekly, if not daily basis, by not falling apart.”
Answer:
This is the “rest” or “dead zone” I was talking
about. Bear markets don’t conclude in a day, a week or a month. Months will go
by, often adding to the bulls’ optimism.I think the key element behind this
great bear market will be the complete destruction of all fiat currencies. This
has been a long time coming. Fiat currencies are “wealth” created by man. They are created without
sacrifice, without labor, without risk, and without sweat. Basically they are
an immoral device, created by secretive bankers. If you watch the figures
carefully, you’ll note the subtle deterioration. For instance, the
advance-decline ratio, although up slightly for the week, had a relatively weak
performance with the Dow up several hundred points over the course of the week.
And we broke the trendline in May (see the chart below showing the cumulative
advance-decline line for NYSE Common Stock only, which is what we publish in
our figures (courtesy of DecisionPoint —
www.decisionpoint.com). The vertical lines are Jan 2008, Jan 2009 and Jan 2010
as you move to the right on the chart. [CHART] My
old friend, Bob Prechter, is talking about Dow 400. I used to think this was an
absurd joke. I no longer think it’s a joke. The ultimate result will be a
primary bear market shocking in duration and extent. …’
Reports:
IAF Landed at Saudi Base, US Troops near Iran Border Arutz
Sheva | The Israeli Air Force recently unloaded military equipment at
a Saudi Arabia base, a semi-official Iranian news agency claimed
Wednesday. It’s
time for the world to take a close look at the despotic, totalitarian regime
that presently exists for the grandeur and wealth of a few while hiding behind
Islam as they betray same and Muslims everywhere. The time has come for regime
change in Saudi Arabia to yield a nation of and for the people of Saudi Arabia
and the glory of Islam.
[It should be noted, and there have been a multitude of other
instances, that I’m getting substantial ‘attacks’ vis-à-vis my internet
connection which has slowed dramatically these posts. I don’t think the
interference is either accidental or just coincidental but consistent with that
similarly experienced by critics of corrupt defacto bankrupt america of which I
am one and not alone in that regard – slowing, militating against the
devastating truth about america. It should be noted that yet another
attempt by the criminal american government and related partners in crime to
silence an unwavering critic (to really understand america is to not be able to
stand pervasively corrupt and defacto bankrupt america and her failed criminal
cohort nations / lapdogs, ie., uk, eu, israel, etc.), in contravention of first
amendment rights / protections, and as in the RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] to cover up substantial crimes in which the government was / is also
involved. Some delays but a work-around is in
progress. I won’t forget this and a price will be paid, as continues to be
true. (6-22-10)THE
WORK-AROUND-IN-PROGRESS I ALLUDED TO IS NOW FOR THE MOST PART SUCCESSFULLY
COMPLETED BY WAY OF A DSL CONNECTION AND A DELL COMPUTER.]
Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington
Post | Obama has promised to hold Wall Street accountable for the
meltdown. Drudgereport: States Take
Aim at Pension Costs... ...Bank
failure pace more than double last year REPORT:
Madoff tells cellmates of $9 billion stash... they all have them … Cases
against Wall Street lag despite Holder’s vows to target financial fraud THOMAS
SOWELL: Is USA Now On Slippery Slope To Tyranny?
China To
Overtake USA In Manufacturing FT | The US remained
the world’s biggest manufacturing nation by output last year, but is poised to
relinquish this slot in 2011 to China – thus ending a 110-year run as the
number one country in factory production.
Housing
Double Dip Accelerates As Existing Home Sales Plunge -2.2% In May Versus 6.0%
Consensus, Down From 8% In April
When
will the SEC prosecute for market rigging? Michael Schmidt
| Are the large gold bullion banks working in collusion with the US Federal
Reserve to artificially torpedo the key rival to US dollar
hegemony? China To
Overtake USA In Manufacturing FT | The US remained
the world’s biggest manufacturing nation by output last year, but is poised to
relinquish this slot in 2011 to China – thus ending a 110-year run as the
number one country in factory production.
Connecticut
vegetable lieberman: China Can Shut Down The Internet, Why Can’t We … (great
logic from a totalitarian zionist)? Senator joe Zelig the zionist
israeli lieberman, co-author of a bill that would give President Obama a ‘kill
switch’ to shut down parts of the Internet, attempted to reassure CNN viewers
yesterday that concerns about the government regulating free speech on the web
were overblown, but he only stoked more alarm by citing China, a country that
censors all online dissent against the state, as the model to which American
should compare itself.
Mexican
drug cartel threatens to harm U.S. police officers who bust drug shipments
while off-duty New York Daily News | Mexican cartels
added a new twist to the drug war this week by threatening to kill U.S. cops
who seize their goods. Former
Israeli top spy calls for strike on Iran Israel should launch a
pre-emptive strike to prevent arch-foe Iran from going nuclear, a former head
of Israel’s Mossad intelligence agency said on
Monday. Israel’s
Planned Attack on Iran from Caucasus Base A week ago, Israel leaked
to the press that they had permission from Saudi Arabia to use their air space
to attack Iran. The Saudi’s quickly denied this.
$34
Billion Asset Manager Says Market Prices Are Manipulated, Accuses NYSE Of
Intellectual Property Theft, Debunks HFT “Liquidity Provider” Lies
Soros
Says ‘We Have Just Entered Act II’ of Crisis Bloomberg
| Soros said the current situation in the world economy is “eerily” reminiscent
of the 1930s. Gerald
Celente: U.S. Financial Markets to Collapse by End of 2010 Infowars.com
| Gerald Celente is a renowned trend forecaster, publisher of the Trends
Journal, business consultant and author who makes predictions about the global
financial markets and other events of historical
importance. Jobless
Claims in U.S. Decreased Last Week to 456,000 Bloomberg |
More Americans than anticipated filed applications for unemployment benefits
last week.
Market Outlook: Bearish Background to Bullish Storyline Sean
Hannon: ‘The last two weekly market
commentaries have discussed how the underlying trend of the market is now
bearish and all rallies should be used to sell stocks and reduce risks. With
nearly every news outlet spouting the bullish storyline, these articles served
as an outline of a disciplined investment strategy. Those who followed the
outline have done well as the Dow Jones Industrial Average (Dow), S&P 500,
and NASDAQ each declined over 5% since my initial warning. With the Dow still
stuck below the psychologically important 10,000 level and all three major U.S.
markets trading beneath their 200-day moving averages (MA), the bearish
backdrop is clear. Even if many are still looking for a rally, we should
understand that the primary trend is lower. Instead of focusing on how high
prices will rally, we should instead consider how much further prices can fall
…’
Greek
Default Seen by Almost 75% in Poll Doubtful About Trichet Global
investors have little confidence in Europe’s efforts to contain its debt crisis
or in European Central Bank President Jean-Claude Trichet, with 73 percent
calling a default by Greece likely. 12
Reasons Why The U.S. Housing Crash Is Far From Over Over the past
several months, many in the mainstream media have hailed the slight improvement
in the U.S. real estate market as a “housing
recovery”. US
Needs Austerity Too: Hedge Fund Strategist The United States will
have to adopt austerity measures similar to the ones taken in Europe, because
the problems faced are largely the same, Timothy Scala, macro-strategist at
Sophis Investments, told CNBC.com. Market
Analyst: ‘BP’s Not Going to Last as a Company More Than a Matter of Months’ We’ve
heard politicians, even conservative Republicans, suggest BP would be held
completely responsible for the devastation caused by the oil spill plaguing the
Gulf of Mexico, even if it means its very existence.
Israeli
Official Threatens to Kill Turkish PM Kurt Nimmo |
It is unprecedented for a top level state official to threaten a head of
another state with murder.
US
Media Terrified Of Mentioning USS Liberty Do you know that an
american naval vessel was attacked by israel in international waters, 43 years
ago today, resulting in the deaths of dozens of american sailors
Arab lawmaker on flotilla sparks outrage in israel (AP) -
An Israeli-Arab lawmaker's decision to join hundreds of activists on a
pro-Palestinian flotilla has elevated her from relative political obscurity,
transforming her into the poster child for the ...
Why To Question the 2010 Stock Market Rally [Why To Question the 2010
Stock Market Rally – Web Site Archived with Charts Click Here - In
the past year, we've written a lot about the similarity between the rally of
early 1930 and the one we had through April of this year. The early 1930 rally
came after the market had fallen nearly 50% in the fall of 1929. The spring
1930 rally took the market up nearly 50% again, to a level that was only about
20% below the previous peak. That rally, of course,
was also the biggest sucker's rally in history. After the market peaked in
April 1930, it crashed again, eventually ending up down 89% from the 1929 high
and more than 80% from the 1930 high. The
market did not reach the 1930 high again for another quarter of a century. The rally that recently ended in April 2010 came after
a crash that was actually slightly more severe than the 1929 crash (53% versus
48%). It took the market up nearly 80% from the low! The recent rally also
lasted longer than the 1930 rally did--a year, as opposed to 6 months … ]
REMEMBER:
In 1930, They Didn’t Know It Was “The Great Depression” Yet In the
past year, we’ve written a lot about the similarity between the rally of early
1930 and the one we had through April of this year. Investment
Banker: It’s Going To Get Nasty – Buy Land, Barbed Wire And Guns A
top investment banker has warned that the economic fallout of the sovereign
debt crisis could get so nasty over the next five years that people would be
wise to abandon the markets and instead buy land, barbed wire and
guns.
DEBT
POISED TO OVERTAKE GDP Key
Indicators of a New Depression Neeraj Chaudhary |
Great Depression II developing into something far more devastating than its predecessor
You’re Being Decieved
Infowars.com | We’re heading over an economic cliff and
there’s nothing the government can or will do about it except
lie. The
Folly of Blindly Trusting the Government
‘What Does China Want?’ They want to speak to Rosanne
Rosanna Danna, of course! ‘Asian markets tumble on fears over Hungary’
…Riiiiight! Hungary’s the thing! … Rosanne Rosanna Danna, formerly of SNL fame
wanted in Asia to chime in with what her mama always used to say, ‘ It’s always
something ‘ . Of course, it matters little to the frauds on wall street what
the something is said to be since the reality is … ‘This is a global
depression. This is a secular bear market in a global depression. This was a
manipulated bull (s***) cycle in a secular bear market. This has been a
typically manipulated bubble as has preceded the prior crashes with great
regularity that the wall street frauds and insiders commission and sell into.
This is a typical wall street churn and earn pass the hot potato scam / fraud
as in prior crashes.’ ( It should be noted, and there
have been a multitude of other instances, that I’m getting substantial
‘attacks’ vis-à-vis my internet connection which has slowed dramatically these
posts. I don’t think the interference is either accidental nor just
coincidental but consistent with corrupt defacto bankrupt america’s critics of
which I am one and not alone in that regard – slowing, militating against the
devastating truth about america.) Europe
is Heading for a Depression Despite a nearly-$1 trillion rescue operation,
financial conditions in the eurozone continue to deteriorate. All the gauges of
market stress are edging upwards and credit default swaps (CDS) spreads have
widened to levels not seen since the weekend of the emergency
euro-summit. Key
Indicators of a New Depression With the mainstream media focusing on the
country’s leveling unemployment rate, improving retail sales, and nascent
housing recovery, one might think that the US government has successfully
navigated the economy through recession and growth has
returned. Get Ready for a Double Dip … but many warning
flags point towards significant deterioration in the U.S. and global economy
going forward and so I think that by the end of the year or early 2011, we
could very well be facing a new leg down in the world’s economic situation …
[I’d say too optimistic since, to reiterate: This
is a global depression. This is a secular bear market in a global depression.
This was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn pass the hot potato scam /
fraud as in prior crashes.]
european
central banks intervened to shore up the ever more worthless euro, buying into
that fraudulent wall street b*** s*** story that that ‘s a good thing, rallying
stocks off their lows. It is amazing how dumb europe has become so quickly. An
exception is what I believe was Germany’s steps against derivatives, which market
according to a derivatives trader on the radio this day is a $40 trillion
market (missed his name). To reiterate as applicable to yet another fraudulent
scheme previously stated, said market is paper on paper moving around and
generating commissions at lightning computerized speed but adding no real value
in real economic terms; again, the analogy of termites eating away at the
(nation’s) foundation is apposite. As such, that money has to come from some
real place and hence, the ever more frequent and larger crashes we are seeing.
Don’t forget that the worthless paper from previous such fraudulent schemes now
marked to anything is still out there in a magnitude some have placed in the
hundreds of trillions.
The
Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A
‘Virtual Certainty’ The stock of U.S. money as measured by ‘M3′
money supply fell to $13.9 trillion from $14.2 trillion during the three months
ending in April. [ This is still an extraordinarily
high level but … I don’t buy it. I believe the printing presses have been working
overtime to pump out ever more worthless fiat currency and with the many
trillions of worthless fraudulent paper still out there and marked to anything.
I further believe the same is being surreptitiously used to supplant the
fraudulent paper, the consequences of which will be devastating, of course, as
is invariably so in depressions in any event. This scenario would also mean
huge fraud accomplis. ] Fiat
Money Supply Contracting at Great Depression Level The bankster
operative who helped destroy Glass-Steagall is back. Larry Summers, Obama’s top
economic adviser, has told Congress to “grit its teeth” and approve a fresh
fiscal boost of $200 billion to keep growth on track, reports the Daily
Telegraph. Fiat
Money Supply Contracting at Great Depression Level Kurt Nimmo
| The Federal Reserve stopped publishing M3 figures back in 2006.
Sell in May and Go Away, Indeed [ I wasn’t
kidding; and, I’m still not kidding when I say: This is a great
opportunity to sell / take profits because there’s much worse to come! ]
Forecasts from Dent,
Napier, and then Prechter: Depression is
Imminent The Dow Jones Industrial Average will go down to at least 1000, most
likely to below 777 which was the starting point of its mania back in August
1982, and quite likely drop below 400 at one or more times during the bear
market.
10 Reasons to Worry About Margin
Growth … a good portion of these factors will likely impact
margins by the end of the year. I don’t believe this is adequately factored
into earnings estimates across the board. Given this, I believe we have seen
the highs for the year and next few quarters will be extremely volatile
...
Dow
Theorist Richard Russell: Sell Everything, You Won’t Recognize America By The
End Of The Year Business Insider | “Pul – leeze, get out
of stocks now, and I don’t give a damn whether you have paper losses or paper
profits!”
The frauds on wall street et als should be criminally
prosecuted, jailed, fined and disgorgement imposed. If that were so, they
wouldn’t be worrying about who wins / loses since those who fraudulently play,
invariably would (and should) pay. If they’re not prosecuted, everyone
loses.
POST MORTEM AND REVIEW Ricky:
A post mortem is in order. The elements of this
worldwide con game are remarkably simple, not complex at all. Apparently you
only need a few things to make a mockery of the entire global economic system,
and big banks garnered these few important things through “regulatory capture”:
1) Unregulated, unenforced rules (particularly for
derivatives)
2) license to “mark to model” (assign your own values to your assets)
3) ability to peg present value to irrational expected future returns (based on
unlimited, exponential growth)
4) infinite leverage (no effective requirements for reserve capital in
unregulated “shadow” markets)
5) massive size, so that the bank is "too big to fail"
6) non-transparency and non-accountability.
SELL IN MAY AND GO AWAY!
THE FORECASTS:
Harry Dent, Jr.
Economy will be in a Depression by 2011
The worst of this next depression is likely to hit between mid-2010 and
mid-2013, especially around early 2011, but if the banking system continues to
implode a deep downturn or depression could begin sometime in 2009 instead of
2010.
Dow will Fall to 3,800 – 4,500 by 2012
Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the
latest.
Inflation will Increase until mid- 2010 and then turn to Deflation
Interest Rates will Increase
U.S. Dollar will Decline
Housing will Decline by 40 – 60% from Today’s Levels
Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010
and 2012
Russell Napier is the author of the book “Anatomy of the Bear”, a professor at the
Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top
research houses in Asia. Napier’s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800)
The S&P 500 will then undergo a major crash that will see U.S. equity
prices bottom at almost 50% below current levels (i.e. to 400 or less; the Dow
30 to 3800 or less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling
the end of the bear market, as it has done at the end of the four largest U.S.
market declines in 1921, 1932, 1949 and 1982.
U.S. Treasury Sales Collapse Leading to End of U.S. Dollar as Reserve Currency
Robert R. Prechter Jr. is author of a number of newsletters and books including
“Elliott Wave Principle” (1978) in which he predicted the super bull market of
the 1980s; “At the Crest of the Tidal Wave – A Forecast of the Great Bear
Market” (1995) in which he predicted a slow motion economic earthquake, brought
about by a great asset mania, that would register 11 on the financial Richter
scale causing a collapse of historic proportions; and “Conquer the Crash: You
can Survive and Prosper in a Deflationary Depression” (2002) in which he
described the economic cataclysm that we are just beginning to experience and
advised how to position one’s self financially during that period of time.
Depression is Imminent
The Dow Jones Industrial Average will go down to at least 1000, most likely to
below 777 which was the starting point of its mania back in August 1982, and
quite likely drop below 400 at one or more times during the bear market.
According to the Debt Clock:
• Total national debt: $13 trillion
• Debt per citizen: $42,026
• Debt per taxpayer: $117,982
• Total interest due: $1.9 trillion
• Interest per citizen: $2,211
Click here to see the Debt Clock, which is updated every
second.
• Total personal debt: $16.5 trillion
• Total mortgage debt: $14.1 trillion
• Total consumer debt: $2.45 trillion
• Personal debt per citizen: $53,483
• Debt held by foreign countries: $4.07
trillion
http://www.usdebtclock.org
Get Real Time U.S. Debt Data
Go to following pages for
above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You
may post a comment on my blog on any topic: http://alpeiablog.blogspot.com
TED OLSON SEEKING TO
OVERTURN CALIFORNIA'S PROPOSITION 8, WHICH LIMITS MARRIAGE TO A MAN AND A
WOMAN. After shilling for the corrupt u.s. government as solicitor
general, maybe he just wanted to go straight [Just Kidding!]. There is no
immunity, judicial or otherwise for criminal acts. Moreover, there is no
sovereign immunity for non-governmental acts as would include
involvement in the illegal drug and related crimes, ie., bribery, etc.,
and the supreme court has so held against foreign nations in the context of the
RICO statute but in my RICO case olson the liar would shill otherwise, not that
he really had to worry in light of the pervasively corrupt and wastefully
costly federal courts which should be abolished.
NATION NEWS DIGEST: J.P. Morgan Chase
posts $4.8 billion profit (Washington Post) Yet another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected jump in continuing claims for unemployment, yesterday
the downward revision to previous market-frothing retail sales report and poor
retail sales and plunge in mortgage applications and then there’s the fed
minutes pointing to extended bad economy. Then there’s also now the ‘goldfinger
factor’ as in goldman’s middle finger. When you defraud for many billions, paying $550 million is
chump change. Goldman shares rocketed 5.5% in after-hours trading. No wonder
Goldman called it "the right outcome for our firm shareholders and
clients." (Absent
prosecutions, they’ll continue to do what comes natural to frauds on wall
street). Great opportunity to sell / take profits since much worse, also called
reality beyond the b*** s***, to come. Then there’s also the bad but typical
news; viz., previous retail sales, mortgage apps, economic outlook down, and
continuing claims for unemployment, deficits, trade / budget, up. (Just in:
7-16-10 Poll – only 43% of Americans approve of the Afganistan War, down from
52% in January, 2010)
Pearlstein: Can
regulation beget innovation? (Washington Post) I believe the more seminal question to be,
whether american companies, consistent with overall american decline and
corruption in so pervasive a fashion, are capable of or inclined toward real
innovation where enhancements to productivity, as well as greater profits, is
the consequence as desired. Certainly there has been ‘innovation’ by the wall
street frauds in the types of (ultimately worthless / fraudulent) paper and high
frequency trade programs enhancing their bottom-lines but little else; and,
those cutting edge ‘weapons of mass destruction’ produced or financed (israel)
by america are hardly productive in the economic sense but innovative and
profitable in the short run, and unwise and nation-bankrupting in the longer
run which we’re in right now!
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.
Congress: Gone fishing?: With the
economy slowing again, scores of nominations awaiting confirmation and major
issues such as climate change and immigration unresolved, Congress has left
town for its traditional six-week August recess. Is that smart leadership? At
what point should leaders change well-established routines to signal that
'business as usual' is no longer acceptable? (Washington
Post) [ I truly feel and without
exaggeration that the situation’s beyond that point. Forget not the raises
they’ve voted themselves even as the nation crashes and burns. Moreover, in
addition to incompetent, I have found them, their agencies, appointees, etc.,
venal, corrupt, and meaningfully lawless (see infra). Then there’s the
perpetual wars despite defacto bankruptcy of the nation. I don’t think this
nation will stand, certainly not as we knew it. They’ve made really,
irrevocably bad choices. Their incompetence is one thing; but, as I have
experienced, their corruption is quite another and totally, unequivocally
unacceptable! ]
U.S.
to host Mideast peace talks (Washington Post) [ Call
me skeptical, cynical, etc., but somehow, u.s. juxtaposed with the words Mideast, peace strains credulity and just doesn’t ring true! ] While citing obstacles, White House expresses
hope that deal for Palestinian state may come soon.
U.S.
examines private sector's role in affordable housing (Washington Post) [ I’m sorry to say that in pondering the
so-called policy-makers in Washington or in the corporate boardrooms that I’m
hard-pressed to dismiss from my mind’s eye a picture of a bunch of scarecrows
fumbling around while singing refrains such as ‘if they only had a brain’
cirque the land of the wizard of oz. The reality is that some basic grasp of
economics, finance, business would go a long way in a more positive sense for
the nation. Then there’s those infamous internment / concentration /
‘affordable housing’ camps that’s been filtering through the filters, so to
speak.] The Obama administration is grappling over how much to force private
lenders to pay for apartments and homes for the poor as it presses ahead with a
major overhaul of the government's housing policy, officials said.
Officials:
Karzai aide part of wider probe (Washington
Post) If only he hadn’t taken / made
those calls to the Taliban, things would still be aok for america. Yeah, they’d
be ‘down with it’. You know, everything copasetic …
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)
Israeli-Palestinian peace talks expected to
resume in September: Quartet to issue invitation for Israel and
Palestinians (Washington Post) Ah yes! The sound of
peace breaking out all over in the Middle East. If you don’t hear it, it’s
probably owing to the latest pretext by Israel to sabotage the same.
Mideast DIGEST (Washington
Post) 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.
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.
Go
to following pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
In
Iraq, a precarious time plagued by 'what ifs' (Washington
Post) [ How ‘bout in america, a
precarious time plagued by ‘what ifs’. What if bush et als hadn’t lied and
brought us this (these) illegal war(s). What if america hadn’t been bankrupted
by these pointless, self-defeating, and endless war policies. What if wobama
had delivered on his promises. What if … ] ‘…"The Americans are leaving,
and they didn't solve the problems," said Falah al-Naqib, a Sunni
legislator from the secular Iraqiya bloc. "So far they've failed and left Iraq
to other countries."…’
Pentagon
expanding 3 bases in Afghanistan 4
U.S. soldiers killed | Karzai
says he helped aide Al-Qaeda
fighters take a limited role in insurgency (Washington Post) [ Sounds like a grand ol’ plan like the many
we’ve heard before. After all, once you’re defacto bankrupt as america
certainly is, more or less bankrupt according to u.s. group think is a
distinction without a significant difference from their failed perspective ]
Analysis of U.S. reports posted by WikiLeaks underscores extent to which Osama
bin Laden and his network have become invisible figures.
Karzai wants private security firms out of
Afghanistan: KARZAI WANTS COMPANIES OUT U.S. calls 4-month deadline 'very
challenging' (Washington Post) One too many civilian
killed. Maybe they figured out that american non-strategy employing the
Hegelian methodology of creating problems that American firms can solve. Doomed
to failure, they eventually catch on. The bushes were famed for same but wobama
has foolishly been no slouch in this regard.
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.
China
focuses on military might (Washington Post) [And the big difference here (between them
and defacto bankrupt america) is that ‘THEY CAN AFFORD IT’ and are not fighting
nation-bankrupting, anti-american-sentiment-creating wars all over the
place.] Nation is quickly modernizing
forces, extending influence deep into Pacific and Indian oceans.
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.
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 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***!
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.
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
----------------------------
Yes. Really. Alito is a total lightweight and hack. He makes Thomas look like
John Marshall or Oliver Wendell Holmes. I KNOW ALITO.
Posted by: mnjam | January 28, 2010 2:24 AM |
the loser here is alito.lost his composure not good for a judge especially
afederal or supreme justice .loser big time this will live with guy for a very
time.roberts and the other justices will have a talk with him that is a
given.this relly larger than o one day news cycle.
Posted by: donaldtucker | January 28, 2010 1:12 AM |
Should Alito resign or be impeached?
Posted by: jdmca | January 28, 2010 1:05 AM |
Manchurian
Candidates: Supreme Court allows China and others unlimited spending in US
elections Greg Palast | Our future elections may
come down to a three-way battle between China, Saudi Arabia and Goldman
Sachs. Call
For Immediate Arrest of 5 Supreme Court Justices for Treason Gordon
Duff | The bloated corpse we are creating in Washington is emitting a
stench we can no longer abide. The aforesaid would be
shocking to anyone without a modicum of knowledge of the reality of pervasive
corruption within the u.s. courts themselves and america generally, including
all three branches of the u.s. government.
Ron
Paul: After ‘CIA coup,’ agency ‘runs military’ US House Rep. Ron Paul
says the CIA has has in effect carried out a “coup” against the US government,
and the intelligence agency needs to be “taken out.” I also personally
believe there has been a defacto coup d’etat which has manifested in
various substantial, blatant, brazened frauds, ie., wall street, missing 360
tons of $100 bills in Iraq, war profiteering, etc., without any fear of
prosecution, and of course concomitant decline for u.s. as the treasury is
looted. But I also believe its scope is beyond just the CIA with many complicit
within the corrupted 3 branches of u.s. government (fed judges, us attorneys,
illegal system, etc.) plus the military and private big money, ie., Goldman
Sachs / wall street men, etc., among other organized crime. america is defacto
bankrupt in every way!
Rendition:
Where the War on Terror Meets the War on Drugs Patrick Henningsen
| It’s time to ditch the policies we have come to tolerate for decades before
they consume what is left of our moral core. I’ve experienced the corrupt
inter-relationship of the government (all 3 corrupt branches) and the illegal
drug trade / obstruction of justice / bribery first hand, particularly the
courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice –
quid pro quo for his complicity / cover-up), feds; see immediately after
article excerpt for links / summary.
…“Evidence points to aircraft – familiarly
known as “torture taxis” – used by the CIA to move captives seized in its
kidnapping or “extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in the
Western hemisphere. A Gulfstream II jet aircraft N9875A identified by the British
Government and the European Parliament as being involved in this traffic
crashed in Mexico…” In 2004, another torture taxi crashed in a field in
Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags
containing 3.3 metric tons of cocaine. The origination of the Gulfstream’s
flight is unknown but it was destined for Cancun when it crash landed. Again,
here is the important point: that same Gulf Stream II was one of the very same
planes chartered to the CIA for the rendition of suspected terrorists
prisoners. Gulf Stream II crashed in Mexico with 3 tons of
cocaine on board ..it should not be surprising that this illegal practice of rendition
has in some part, been used as a well-run smokescreen for another
borderless illegal operation- an extremely lucrative international transfer and
delivery of cash and narcotics.,,These
flights are not subject to regular customs checks, inspections or normal
regulations as they move seamlessly between destinations in the US, Britain,
Europe, Middle East, Central Asia, Cuba and possibly through US bases in
Turkey, Greece and Morocco…
Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]. america’s just a fraudulent and failed defacto bankrupt nation.
NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA)
Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and
corrupt costly bureaucracies.
There must be such things
as parallel universes (I don’t really believe that, because there isn’t) or how
else do you explain the disconnect between reality, current and prospective,
and the wet dreams posited to keep the war funding / corporate welfare programs
alive in collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much higher. Even
israel apologist Cohen of The Washington Post alludes to the Vietnam analogy.
However, even if there were real goals beyond the poppy / heroin trade which
the Taliban had all but eradicated (there isn’t); even if america wasn’t
defacto bankrupt (america is); even if america wasn’t killing innocent
civilians in large numbers (war criminal nation america is); even if america’s
allies haven’t similarly helped to bankrupt themselves by way of this war (they
have); even if I hadn’t told you so (I did) ….. this war still was, is, and
remains a very bad idea!
Afghan
war overtakes Vietnam to become the longest conflict in U.S. history Mail
Online | The war entered its 104th month yesterday, with 30,000
American troops being deployed in the first half of this year alone.
How
does anyone take the u.s. seriously in light of their credibility problems, war
crimes, etc.? What nuke technology israel didn’t steal from the u.s., the u.s.
gave them along with missile, armaments, etc.. and paid for with taxpayer money
that u.s. taxpayers and the defacto bankrupt nation don’t have.
It's time to expel
israel from the UN Without doubt, the israeli attack on the Gaza-bound
"Freedom Flotilla" in the dawn of Monday, May 31, 2010 is one of the
most savage crimes in recent history. It seems the ruling power in Tel Aviv has
been afflicted with a variant of mad cow disease; otherwise, how could it be so
cruel to unleash such a beastly raid on the "Mavi Marmara," the
Turkish flagship of a flotilla carrying medical and humanitarian supplies to the
hapless people of Gaza Strip?
The
israeli Spin-Machine in Overdrive: dershowitz to the Rescue? Armed
Israeli commandos, the elite of the elites, rappelled to the deck of a Turkish
ship carrying humanitarian relief supplies to the 1.5 million prisoners in the
Gaza concentration camp.
You
think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland, Director of
the Center on Peace and Liberty at the Independent Institute in Washington DC,
gives his opinion on new sanctions imposed on Iran.
I
include the first two comments to the foregoing headline:
Billo Says:
June 11th, 2010 at 6:15
am
Lunacy? Keep in mind
that this country is run and controlled by lunatics. Our press government and
military seem to take their orders from Israel. Isarel wants to be known as a
pack of “mad dogs. Do we want “mad dogs” controlling us?
Here we see a bunch of phony accusations against Iran just
like we did in the run up to the bogus wars in Iraq, Afghanistan and now
Pakistan. The boy has cried wold ten thousand times. It’s time to identify the
“lunatics” and kindly take away the car keys. If you won’t let your friends
drive drunk, why do we let a bunch of “lunatic” enemies run this place.
Glen Reply:
June 11th, 2010 at 6:47
am
Lunacy it would be.
But it is also to their
great credit that the Iranians have not made their own threats.
Everyone knows there are
3 WMD threats, Nuclear Biological and chemical. The scariest of which is
Biological.
Any attack done under
the threat of immediate biological retaliation would deter only the insane.
Watch out america home
of the insane, home of the leaders who want an 80% population reduction.
General
McChrystal’s Burning Contempt for the Puppet Obama The farce that is the
war in Afghanistan is coming apart at the seams. General Stanley McChrystal’s
sharp comments about Obama, Biden, and the administration published by Rolling
Stone are not so much about disrespect, as the script-reading corporate media
talking heads would have it, but rather about a policy in disarray in
Afghanistan.
Gaza blockade illegal,
must be lifted — UN rights official Israeli blockade of Gaza
unsustainable: White House US Jewish opinion
and the ‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued that US
foreign policy has been hijacked by organized Zionism went strangely unnoticed
by the leading journal of American intellectual opinion, the New York Review of
Books. Doubts Grow Over Israel’s Value as U.S. Ally Jim
Lobe | The notion is that Israel and its actions have since the Cold
War increasingly become a “strategic liability” to U.S. interests in the
region.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-à-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed,
prosecuted, and/or ruined; and, hasn't anyone asked how "wall street"
has been "spared the spotlight" (and even was accorded protective
legislation from their criminal culpability) and focus of inquiry, attention,
and prosecution despite being the primary beneficiaries financial and otherwise
of these scams (you know the wall street motto, "churn and earn";
huge conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear weapons
as the international community meets at the United Nations in New York this
week to consider banning such arsenals from the Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.”
buzz
aldrin wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to
see if he already has the footage in the can since you won’t be able to use the
moon footage for the new boondoggle video ...
OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com - - CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld
New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece
of pie. And don’t forget, Bruce Willis and Ben Affleck, et als, have
already done this so it’s not as if they’re starting from ‘ground zero’, so to
speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but beware
say the producers of ‘Species II’ since Eve, the cloned daughter of Sill, might
want to mate with astronaut Paddy Ross who has returned from Mars as a space
alien host body.
First fake moonwalker blasts Obama's space plan msnbc.com - -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a piece of petrified wood ... Another piece of evidence
that shows again that apollo program is indeed a fake and a typical american
fraud!
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.
War
in Afghanistan and Iraq costs America $1trillion From the Old
| On May 30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and
Iraq. Sinking
of the Cheonan: A Classic False Flag Operation Russia Today
| Sinking of the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from the dire
economic situation at home.
. Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international media, is
attempting to spin today’s deadly IDF assault on a humanitarian aid ship
carrying supplies to Gaza as the fault of the murdered activists on board the
vessel, ludicrously characterizing machine-gun carrying Israeli troops who
killed over a dozen innocent people as the victims of the incident.
Murder on the high seas
JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at
least 10 rights activists were killed, triggering a diplomatic crisis and an
emergency session of the UN Security Council. European nations, as well as the
United Nations and Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza Strip
Israeli
American Microbiologist Linked to Deadly Fungus Kurt Nimmo
| A report links labs in the United States and Israel to the Cryptococcus gatti
fungus that has killed several people in the United States.
Iraqi
doctors demand cancer probe Al Jazeera | Iraqi
doctors believe depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too true and
real; and I’m surprised this hasn’t gotten more attention, coverage … well,
maybe not that surprised ].
"What
this means is that Neanderthals are not totally extinct. In some of us, they
live on," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the distinction,
without a difference). Actually, prior to studying the compelling subject
of Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are. Parenthetically,
I wonder what that anthropological scientist Heidi Klum thinks on the subject.
Neanderthals, Humans Interbred, DNA Proves
Signs of Neanderthals Mating With Humans -
Neanderthals mated with some modern humans
after all and left their imprint in the human genome. Genome
hints humans, Neanderthals rolled in prehistoric hay
You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals
and people interbred, fossil analysis finds For more info on man’s
humble beginnings, see
here
http://www.albertpeia.com/anthroindex1.htm
Previously
I wrote:
FOUND: MISSING LINK BETWEEN APES AND MAN....
These stories, and the many like it, are old news and I subscribe to the more
studied view that there is no “missing link” per se and in my view they are
distinctions without significant differences. I previously wrote:
To
Learn More About From Whence Man Came, This Link's For You
[To the
Professor at the beginning of the course]
10-5-09
Postscript: Professor *****,
I felt compelled to thank you again for the add; not to curry your favor but
indeed to express profound thanks inasmuch as this is probably the last formal
course at a formal educational institution I'll ever take; and among the most
important. While I had bought at discount a library-discarded 1993 Anthropology
by Embers text, though meaning to read same never quite got to it. I am
astounded by the substantial amount of time involved in the evolutionary
process, not that I ever stopped to think about it, and one must come away with
the sense of 'and all that...for this?'. This course should be required
curriculum along with psychology, sociology, etc., but probably won't be owing
to what is, as it should be, a very humbling educational experience for any
member of the human race.
Regards,
Al Peia
[Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological Anthropology remain
what I believe to be the correct scenario. Specifically, very simply stated,
for the most part, the more “enlightened” (but not by much; by mutation,
accident, luck, intervention, etc.) left the unvarying confines of their
Sub-Saharan origins, experienced diverse new environs, challenges, etc., experienced
what has been described (by neuroscientists, psychologists, etc.) as
neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.]
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Don’t
Tread On Me: A Refresher Course on the Constitution
Sen. Levin urges State Department to put
Afghan Taliban on list of terror groups (Washington
Post) Oooooh! … Sounds like a plan … and emanating from washington (and a
thriving Michigan jew no less) … who says they don’t do anything? … And,
consistent with that apocalyptic vision set forth in the Bible [albeit a book
of truth from a very limited perspective (for which literal interpretations are
misleading); after all, the Wise Men thought it was a movable star that was
guiding them and shone the bright ‘spotlight’ upon the manger with the Christ];
the jews and some other entity against the rest of the world for that final
Armageddon … oh, they’ll make that happen … it gets them through their day with
every step closer to apocalypse but not to the place called heaven will they
go. The end of this world? You might say america / israel / and theirs are
feverishly working on just that, one way or another!
Roman Polanski freed after Swiss reject U.S.
extradition request (Washington Post, July 13, 2010) Without diminishing in any way the seriousness of the crime, this
result is the direct consequence of the growing global recognition of the
pervasiveness of corruption in american courts, state and federal, and america
generally; so much so, that said corrupt american courts cannot be relied on
anywhere, anytime. Indeed, my own sampling, though hardly random to be candid,
is 5 for 5 (new jersey, new york, connecticut, virginia, california)
pervasively and egregiously corrupt to the point where these costly, corrupt
bureaucracies should be abolished and supplanted with alternatives as I’ve
previously set forth in prior comments.
BUDGET
CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... [Judge sends Lohan to jail for probation violation (AP) – They
got her! That globe-trotting danger / threat to society, the infamous public
enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe.
How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer,
armed robber, etc., she would have had the pre-paid connections to avoid this
preposterous (known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing to budgetary
considerations. ]
ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND
EXPERIENCE . (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST
"CALIFORNIA/LA DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:
·
Response
to App. Div. OSC
·
STATE
OF CALIFORNIA ethics complaint
·
Response to
Sup.Ct. OSC
·
designation
of record on appeal
·
The so-called
"order" appealed from.
How embarrassing for the superior court of the state of california!
·
Typical
corrupt banana republic america/california court
Dirty
money digitally laundered … a wall street, atlantic city, and american story …
a very bad one and [also see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Fraud:
It’s Much Bigger Than Goldman Sachs Regulatory
reform debate obscures key fact: Everybody’s getting money bribes from Wall
Street
Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare
moment for one to say that a sleazy hypocrite like blago, who is on corrupt
federale-connected mobster trump’s celebrity apprentice, happens to be correct
based upon facts / reality and my own direct observation and experience and the
law – Don’t forget to include corrupt federal judges as maryanne trump barry,
sam alito, shiff, matz, hall, underhill, dorsey, etc.. Defacto bankrupt
america’s so-called system is pervasively corrupt and broken] (AP)
[Abolish the corrupt, costly, economically wasteful
lifetime extravagantly appointed federal courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
]
Go to following
pages for above links:
http://www.albertpeia.com/currentopics2ndqtr10108.htm
http://www.albertpeia.com
http://www.albertpeia.com/alresume.htm
http://www.albertpeia.com/wallstreetlunacy2ndqtr10108.htm
You may post a comment on my blog on any topic: http://alpeiablog.blogspot.com
Drudgereport:
KRUGMAN:
'We are now, I fear, in the early stages of a third depression'...
STOCKS HIT LOWEST OF YEAR...
DEBT
SOARS TO HIGHEST LEVEL SINCE WWII...
PRIVATE SECTOR SEES WEAKER JUNE JOBS...
Sputtering...
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.